West Co. started its business on January 1‚ 2007. After considering the collection experience of other companies in the industry‚ West established an ADA at 5% of credit sales. Outstanding A/R for the end of 2007 totalled 115‚000‚ while the ADA had a credit balance of 12‚500 after recording bad debt expense for December and writing off 2‚500 worth of uncollectible accounts. Further analysis of the company’s accounts showed that merchandise purchased in 2007 amounted to 450‚000 and ending inventory
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Bread. (1999-2012). Panera Bread Company Overview. Retrieved July 25‚ 2012‚ from Panera Bread: http://www.panerabread.com/ Panera Bread Co Historical Prices. Retrieved August 2‚ 2012 from http://finance.yahoo.com/q/hp?s=PNRA&a=04&b=1&c=2007&d=07&e=2&f=2012&g=m Income Statement. Retrieved August 2‚ 2012 from http://finance.yahoo.com/q/is?s=PNRA+Income+Statement&annual Key Ratios‚ Retrieved August 2‚ 2012 from http://investing.money.msn.com/investments/key-ratios
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Cited: Blume‚ Judy. Forever. New York: Bradbury‚ 1975. Print. Doyle‚ Robert P. Banned Books. 1st. Chicago: American Library Association‚ 2007. 27-28. Print. "Forever - Banned." Free Republic ""Forever" - Censorship & Judy Blume." Censorship & Judy Blume. N.p.‚ n.d. Web. 26 Dec. 2012 "Forever by Judy Blume." Staff Picks RSS. Iowa City Public Library‚ 10 Sept. 2007. Web. 26 Dec "Judy Blume Forever Censored?" Pelham Public Library‚ 28 Sept. 2006. Web. 26 Dec. 2012. . Merriam-Webster. Merriam-Webster
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805‚000 c. P1‚319‚790 b. P1‚400‚000 d. P1‚189‚000 rro 1. At the beginning of 2007‚ Marcos Company received a three-year non-interest-bearing P1‚000‚000 trade note. Marcos reported this note as a P1‚000‚000 trade note receivable on its 2007 year-end statement of financial position and P1‚000‚000 as sales revenue for 2007. What effect did this accounting for the note have on Marcos’s profit for 2007‚ 2008‚ 2009‚ and its retained earnings at the end of 2009‚ respectively? a. Overstate
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positions‚ it is understood that the following are the transactions of ABC Ltd. for the quarter ending 30th June 2007. You are requested to enter the transactions in Journal Book‚ Cash Book and post them into ledger and also prepare the Trial Balance. Further it is requested to prepare Trading‚ P/L A/c and Balance Sheet after taking into account some additional information given below. 2007 April 1: Business commenced with Cash in hand Rs.15700‚ Cash at Bank Rs. 25400. 8:
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1. | You are an administrator at a library. You are conducting a simple research to see the effectiveness of the program that you have organized to encourage students to borrow books. Time frame is set for 4 weeks. From week to week‚ you are to determine the number of borrowers and the number of books borrowed from the library. Your results MUST be presented in graphical form‚ attached along with your report. You will also need to present using MS Power Point to the board. | | 2. | You are
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Topic: India’s Space Programme Origin and Development Space activities in India started in the sixties with the establishment of Thumba Equatorial Rocket Launching Station (TERLS). The efforts were consolidating with formation of Indian Space Research Organisation (ISRO) in 1969. The space programme got further fillip in June 1972‚ when the Government of India constituted the Space Commission and established the Department of Space (DOS). ISRO was brought under newly formed DOS in September 1972
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15 Minutes‚ Easy PROBLEM 10.5A BLUE MOUNTAIN POWER COMPANY General Journal a. 2007 Aug 1 Cash Bonds Payable Bond Interest Payable Issued $10‚000‚000 face value of 10%‚ 20-year bonds at 100 plus accrued interest for three months ($10‚000‚000 x 10% x 3/12 = $250‚000). 10‚250‚000 10‚000‚000 250‚000 b. Nov 1 Bond Interest Payable Bond Interest Expense Cash Paid semiannual interest ($10‚000‚000 x 10% x 1/2 = $500‚000). 250‚000 250‚000 500‚000 c. Dec 31 Bond Interest Expense Bond Interest
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References: Barringer‚ R.B.‚ Ireland‚ D. R. (2008). Entrepreneurship: Successfully launching new ventures 2nd. Edition. Pearson Education. Frederic‚ H.‚ Kuratko D. F. & Hodgetts‚ R. M. (2007). Entrepreneurship: Theory‚ Process & Practice. Asia-Pacific Ed. Publisher: Thompson.
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Debts Account in 2007. Provision was to be provided at 5% of debtors outstanding at each year end. $ $ Debtors balance at 31 Dec 2008 10 900 Debtors balance at 31 Dec 2009 10 500 Debtors balance at 31 Dec 2010 10 000 The following information has to be taken into account when preparing the provision for doubtful account. 1 The provision account has a balance of $600 on 1 January 2008. 2 A cheque of $200 received for a debt written off in year 2007 has not been taken
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