Alternative Financial Plans FIN/200 14.) Lear‚ Inc. has $800‚000 in current assets‚ $350‚000 of which are considered permanent current assets. In addition‚ the firm has $600‚000 invested in fixed assets. a. Lear wishes to finance all fixed assets and half of its permanent current assets with long-term financing costing 10 percent. Short-term financing currently costs 5 percent. Lear’s earnings before interest and taxes are $200‚000. Determine Lear’s earnings after taxes under this financing
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Lecture 7 – Tutorial Questions Tutorial List: 7-1‚ 7-2‚ 7-3‚ 7-4‚ 7-5‚ 7-6‚ 7-7‚ 7-8‚ 7-9 7.1. Kristen Hope asks your help concerning an NSF check. Explain to Kristen (a) what an NSF check is‚ (b) how it is treated in a bank reconciliation‚ and (c) whether it will require an adjusting entry. 7.2. The bank portion of the bank reconciliation for Brasilia Company at October 31‚ 20X1 was as follows. BRASILIA COMPANY Bank Reconciliation
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Chapter 1 Financial Accounting and Accounting Standards Intermediate Accounting‚ 15th Edition Kieso‚ Weygandt‚ and Warfield 1 Financial Statements and Financial Reporting • Goals or purpose of (financial) accounting – Identification‚ measurement‚ and communication of financial information about – An economic entity to – Interested Parties (internal and external) • Creditors‚ managers‚ unions‚ government agencies Financial reports (statements) & notes 2 Financial Statements
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Brandon Batiste Z23055606 Research Paper Professor Marzelli October 17‚ 2012 The Advantages of an Accounting Major ? Picking a major for college is an important decision‚ one that should not be hurried. This huge decision decides you career‚ salary‚ and ultimately carves the path for the majority of your life. It is important that you pick a field that you can see yourself working in for the rest of your life. You are laying down the foundation for establishing the initial directions
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Weakness The partnership model is one of the limitations of LorPel because when a problem arose‚ each of them held different ideas‚ and none of them had the authority to make the final call. If they would not compromise regarding the firm’s blueprint at all‚ the partnership might have to come to an end. Normally speaking‚ if there are no specific company policies in place to direct and govern a firm‚ the operation or growth would not sustain for a long time. In partnership like LorPel‚ the success
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fair value accounting. Fair value accounting is to measure selected assets at fair value. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. The objective of fair value accounting is linked with the objective of ‘decision usefulness’ of general purpose financial reporting. That is‚ to provide relevant information that is representationally faithful for users. IASB’s (and FASB’s) accounting standard
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FINANCIAL ACCOUNTING FOR MANAGEMENT o 6. I 7. J 8. SANJAY INDUSTRIES LTD. Balance Sheet and Income Statement The following is the trial balance bf Sanjay Industries Ltd. as on 31 st March 2006. 1. 2. of Rs. 10 each) Mal IntE Pre Further information 1. Outstanding rent amounted to Rs. 7‚200 while outstanding salaries Rs. 8‚100 at the end Ca: 2. 3. 4. 5. the year. Make a provision for doubtful debts amounting to Rs. 4‚590. Stock on 31st March 2006 was valued
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Accounting Tutorial Question Topic 2 Week 5 Question 1 Encik Abbul has a sundry shop business registered under the name of Prudential Enterprises. The following is the summarised version of the bad debts‚ doubtful debts and the A/Receivables accounts of his business start in 2011. (The accounting period of the business is similar to the normal calendar year) Year | Account Receivables | Bad debts already written off during the year | Allowance for doubtful debts (percentage of outstanding
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STUDENT INFORMATION SYSTEMS: 2008-2009 MANUAL Student Academic Affairs Office College of Education University of Illinois August 4‚ 2008 Prepared by Heather L. Johnson Baseler Technical Information Specialist ii SIS Manual: 2008-2009 T ABLE OF CONTENTS ABOUT STUDENT INFORMATION SYSTEMS (SIS) ..............................................................VII BACKGROUND ..........................................................................................................................
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Stating a Bisiness Commercial Siomai Siomai is a type of traditional Chinese dumpling that has been popular and made its way to the heart of the Filipino’s‚ made evident by the hundreds of stall/kiosks‚ eateries‚ and restaurants. Siomai in the Philippines is often made of ground pork‚ beef‚ and shrimp‚ among others‚ combined with extenders like green peas‚ carrots and the like which is wrapped in wanton wrapper. It is either steamed or fried. It is normally dipped in soy sauce and squeezed calamansi
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