Receivable others are: interest receivable‚ rent receivable‚ tax refund receivable‚ and receivables from employees Accounts Receivable- are amounts due from customers for credit sales when a company does extend credit directly to customers it: 1. Maintains a separate account receivable for each customer 2. accounts for bad debts from credit sales Recognizing Accounts Receivable: AR occurs from credit sales to customers Sales on Credit: credit sales are recorded by increasing(debiting) accounts
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Sven René O. Korb June 23‚ 2012 3BM-A HRM 300 MWF 12:25-1:25 Case Application 1-B: Team Fun I. Background Team Fun is a sporting goods and equipment store founded by the brothers Kenny and Norton Bell after graduating college. After obtaining a loan from a bank‚ they started their business with themselves as the only 2 employees. Within the first 6 months‚ they hired 3 more employees to help deal with
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The 15th of August has its own importance for us Indians. It was on this day in 1947 that India became independent. We won freedom after a hard struggle. On this day our first Prime Minister‚ Pandit Jawaharlal Nehru‚ unfurled the National Flag at the Red Fort for the first time All the people irrespective of their caste‚ colour and creed celebrate the day every year amidst great rejoicing. It is a public holiday. On this day we take a pledge to defend our freedom with all our might. The Independence
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Imagine living in one place all of your life. In this place you have a home‚ a family‚ friends‚ activities that you have committed yourself to and possibly even a car. You feel safe in this place and most likely have developed an everyday rut of doing things. Change doesn’t happen often in this place and if it does the transition of one thing to the next is uneventful. Well‚ this is all about to change. You are now going to be uprooted from your place‚ your home‚ your family‚ your friends and
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1. 5(+1) Porter‘s forces. | |The threat of substitutes | | |Food retail industry at first seems easy to substitute‚ but in truth the large markets are the ones who state the prices in the market‚ | | |thus for such large chains like Tesco the threat of substitutes is low as due to high demand it manages to offer high quality products at | | |low costs. Moreover
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Precautionary Principle The precautionary principle was arguably developed and originally implemented in Germany and Sweden‚ and it is these nations that remain the leading proponents of it. For example‚ it was one of these nations (Germany) that put the precautionary principle on the international stage‚ and today with regard to environmental regulation (in particular chemicals) it is Sweden that is pushing forward precautionary legislation in the European Union. There is a conflict between
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Answer Keys to iLearn of Week 5 1. Incorrect financial statements are due to errors and frauds. An accountant intentionally omitted recording $5‚500 that were received from a customer and planned to steal the money to buy a new cell phone for himself. This action is an example of error. a. True b. False 2. What key piece of legislation was passed in response to corporate accounting scandals by Enron‚ WorldCom‚ and others? a. Sarbanes-Oxley Act. b. 1933 Securities Act. c. 1934 Securities Exchange
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not put forth any effort to begin with. A summary of the Vroom’s expectancy is seen with the following notation. (Web site‚ Expectancy Theory‚ 2013) Expectancy: Effort Performance (EP) Instrumentality: Performance Outcome (PO) Valence: V(R) 1 In the given scenario‚ after speaking with supervisor A’s employees‚ supervisor B has identified three major issues that need
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Study guide (1-5) Chapter 1. Globalization: The shift toward a more interdependent and integrated global economy. International business: All cross-border exchanges of goods‚ services or resources between two or more nations. Strategic management: The body of knowledge that answers questions about the development and implementation of good strategies; mainly concerned with the determinants of firm performance. Entrepreneurship: The recognition of opportunities (needs‚ wants‚ problems‚ challenges)
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Name: Brittany Conner Date: 3-18-15 School: Washington County Career Technical Center Facilitator: Marla Nikki Tarver 7.5 Work File Review: Setting Goals Using the word bank below‚ fill in the blank: Word bank: long-term goals Self-esteem goals positive specific needs management wants vision measurable. 1. Just like planning a road trip‚ setting goals help you plan for your future. 2. Setting goals helps one become the boss of time and time . 3. Setting goals helps to
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