VENUE: SEAT NUMBER: STUDENT NUMBER: STUDENT NAME: Family Name First Name FINAL EXAMINATION St Lucia Campus Semester Two 2011 ACCT7101 ACCOUNTING PERUSAL TIME WRITING TIME EXAMINER 10 mins. During perusal‚ write on the blank paper provided 3:00 Hours Mark Russell This examination paper has 18 pages (not including the title page) and is printed Double-Sided THIS EXAMINATION PAPER MUST NOT BE REMOVED FROM THE EXAMINATION ROOM Exam Type: Closed Book - Specified materials
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Long-term Loan - 9.63%/12‚ Notes payable to bank - 9%/12. Interest Income - Cash - 4%/12. Provision for income taxes - Income tax rate 34% as it was under seasonal assumption. Balance Sheet Cash - Minimum requirement is 200. Excess of total liabilities over total assets is added to the minimum amount in order to balance sides of the balance sheet. Accounts receivable‚ net - Accounts Receivable are not affected by change in approach as in case of sales. Inventory = Beg. Inventory + production
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Women ’s Boutique Shoe Store Business Plan Executive Summary One‚ Two‚ Step! will carry only top of the line quality in women ’s shoes and accessories. Our selection will range from the basics of comfortable flats and sandals to the trendy style of stiletto shoes and boots. We will be purchasing through sales representatives and manufacturers in a variety of sizes‚ colors and style to fit our customer base. The greatest percentage of merchandise will be in shoes‚ followed by accessories. One
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$? Equity $? Balance Sheet at Optimal Capital Structure Asset 100 Liabilities 20 Equity 80 Total 100 100 Current Balance Sheet Asset 100 Liabilities 10 Equity 90 Total 100 100 Equity of $10 should be bought back or reacquired by raising a liability of $10. c. As a firm initially substitutes debt for equity financing‚ what happens to
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Kyle Zerbe When‚ where‚ why‚ and how the Business pro forma is used will be discussed in this paper. The purpose of a business pro forma and components (income statement‚ balance sheet‚ statement of cash-flows) will also be included. The roll and purpose of an executive summary will be discussed as well. The word pro forma is a Latin term meaning “as a matter of form”. Looking at its meaning in business‚ financial statements are a main focus. Business pro formas are prepared in advance of
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Faraz Hasan Resource Management Chapter 6 – Budgeting: How will you use your money? Study Guide Know all your Vocab. 1. What is a budget & how do your financial goals impact your budget? A budget is a way to divide income among spending and saving options. Budgets are usually based on the priorities of your goals‚ which should be assisted with a well developed budget. 2. Explain short-term and long-term goals. Give an example of each. Short term-Goals to achieve within a year
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equation of Halley Burton‚ Consultant. Use the following format for your answers. Increase = I Decrease = D No effect = N Date Assets Liabilities Equity September 1 I N I September 2 D N D September 3 I I N September 4 N N N September 8 I N I September 15 I N I September 20 N N N September 30 D N D September 30 D N D Chapter 1 & 2 Given the assets and liabilities‚ calculate what the balance of Perkins Capital should be (equity): Accounts receivable………………….. $10‚000 Accounts payable…………………………
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ASSIGNMENT 4 WEEK 3 SAMUEL GEORGE Financial Accounting / CHAPTER 4 | | | | | P4-1A | Thomas Magnum began operations as a private investigator on =anuary 1‚ 2008. The trial balance columns of the worksheet for THOMAS =AGNUM‚ P.I.‚ INC. at March 31 are as follows. | THOMAS MAGNUM‚ P.I.‚ =NC. | Worksheet | For the Quarter Ended March 31‚ =008 | | Trial Balance | | | | Account Titles | Dr. | Cr. | Cash | 11‚400 | | Accounts Receivable | 5‚620 | |
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Zachary Duffy Hampton Machine Tool Company From the point of view as the bank creditor‚ Jerry Eckwood‚ a determination must be made of whether Hampton Machine Tool Company should receive an extension of their original loan of $1 million‚ as well as an additional loan of $350‚000. After research and careful consideration and extraneous research and forecasting‚ we‚ St. Louis National Bank‚ as well as myself‚ Jerry Eckwood‚ have determined to reject Hampton Machine Tool Company’s loan request‚ as
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Adventure IS our Name! A Business Plan For Unlimited Adventure Expeditions Table of Contents 1.0 UAE 1.1Objectives 1.2 Mission 2.0 Company Summary 2.1 Company Ownership
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