Sources E) DEBIT Inventory of Supplies‚ CREDIT Expenditures Answer: 4) Which of the following is not a typical governmental fund liability (and thus not an expenditure that is recognized when the liability is incurred)? A) Accounts payable B) Debt service C) Salaries payable D) Vouchers payable E) All of the above are typical governmental fund liabilities. Answer: 5) Which of the following governmental fund expenditures would not be considered a current operating expenditure? A) Capital
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Objectives Goals: 1. To increase sales by 40% within 5 years 2. To increase ROI to 5% within 5 years 3. To increase market share by 10% within 5 years 4. To increase profit by 30% within 5 years SWOT ANALYSIS SWOT ANALYSIS Way of monitoring the external and internal environment Overall evaluation of strength‚ weakness‚ opportunities‚ and threats of KRAFT FOODS INC. Internal Environment Strengths 1. World’s second largest food company 2. Strong brand equity 3. Focus on
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long-term debt treatment. If no entry is required‚ state “No entry required” and explain why. (2) Indicate the effects of each transaction on the accounting equation of the Capital Projects Fund and on the General Capital Assets and General Long-Term Liabilities accounts. If an element is not affected‚ put “NE” in the appropriate box. B. (1) Prepare the journal entries required in a Capital Projects Fund to record these transactions‚ assuming the bond anticipation notes qualify for long-term debt treatment
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this is often simply referred to as which of the following? A. base case approach B. deseaonalized approach C. naïve approach D. pro forma approach 5. Forecasted sales drives all of the following except: A. the amount of assets needed. B. the liabilities needed. C. the external funds needed. D. earnings per share on the annual report. 6. Which of the following is defined as assuming that future sales will be equal to the average historical value across some relevant period? A. average approach
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ACC111- LESSON 2 There are many tools that a company can use to evaluate how well it is performing‚ one of those tools is the debt ratio calculation. The debt ratio shows the proportion of assets financed with debt‚ liabilities. It is calculated by the companies total liabilities divided by its total assets and is used as a percentage. Total assets and total debts can be found on the balance sheet. “It can be used to evaluate a business’s ability to pay its debt” (Nobles p. 89). The debt ratio
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The Body Shop International PLC 2001: An Introduction to Financial Modeling The following graph presents the forecast for the Body Shop’s income statement and balance sheet in 2002 to 2004: How did you derive your forecast? Why did you choose the “base case” assumptions that you did? The forecast takes into considerations the stated business objectives of the Body Shop as well as trends or patterns in the historical financial statement in exhibit 8. Further information on the calculations and
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A SAMPLE BUSINESS PLAN | A well-written business plan is a crucial ingredient in preparing for business success. Without a sound business plan‚ a firm merely drifts along without any real direction. Yet‚ entrepreneurs‚ who tend to be people of action‚ too often jump right into a business venture without taking time to prepare a written plan outlining the essence of the business.You should begin by writing down the answer to the very basic question‚ "What business am I in?" This may sound elementary
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Applying your understanding of the relationships among the financial statements: Question 1 25 marks The assets and liabilities of Toronto Service Inc. as of December 31‚ 2008‚ and revenue and expenses for the year ended December 31‚ 2008 are listed below: Accounts Payable|$21‚000||Property tax expense|$5‚000| ||||| Accounts Receivable|25‚000||Rent expense|3‚000| ||||| Advertising expense|10‚000||Salary expense|85‚000| ||||| Building|140‚000||Salary payable|12‚000| ||||| Cash|10‚000||Service
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Project in TLE IV BOOKKEEPING BUSINESS PLAN “TWICE SOLD TALES BOOKSTORE” by: IRENE F. RETITA 407 to: SIR MANNY LACHICA Bookkeeping Adviser Table of Contents Section 1 - Executive Summary 2 * Introduction 2 * Company
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http://www.bplans.com/fine_dining_restaurant_business_plan/financial_plan_fc.php#.UF10942PWM4 Executive Summary Gabri’s Lounge & Restaurant is a 60 seat fine-dining restaurant with a 20 seat lounge. We focus on our New American-Swedish menu with a touch of Asian influence. We will be located in the booming‚ and rapidly expanding‚ borough of Long Branch‚ New Jersey ’on the shore.’ The outlook for the future of Long Branch is promising. Developers are recreating a $150 million first-class
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