Liabilities + Incomes Asset named Cash Balance created and Liability Shareholder’s Capital gets created 100000 + 0 = 100000 + 0 b Purchased inventory on account for $200‚000. Assets + Expense = Liabilities + Incomes Asset named Inventory created and Liability Vendor payable gets created 200000 + 0 = 200000 + 0 c Sold inventory for $200‚000. $75‚000 of the sales were for cash and $125‚000 were on account. The inventory sold had cost Stewart
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PPE – Cost Problem 11 – 1 On August 1‚ 2012‚ Benigno Company purchased a new machinery on a deferred payment basis. A down payment of P 500‚000 was made and 4 monthly instalments of P 1‚250‚000 each are to be made starting September 1‚ 2012. The cash equivalent price of the machine was P 4‚750‚000. Benigno incurred and paid installation costs amounting to P 150‚000. What si the amount to be capitalized as a cost of the machine? a. P 4‚750‚000 b. P 5‚500‚000 c. P 4‚900‚000
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Anthem Comparative essay Ayan Rand in the book‚ Anthem explains how our world would be in a dystopian manner. Rand support her explanation by describing about who is equality and what choices did he do to change this society. The author purpose is to point out that we have to ourselves so that we do not let anyone force us to act in a certain way. The author writes in an informal tone for prospective readers This Knowledge in Anthem is unnecessary because it gives you individuality. In this
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Ch8 Student: ___________________________________________________________________________ 1. Delta‚ Northwest‚ and United Airlines have all‚ at one time‚ filed for bankruptcy. True 2. In a classified balance sheet‚ we categorize all liabilities as current. True 3. False A line of credit is an informal agreement that permits a company to borrow up to a prearranged limit without having to follow formal loan procedures and paperwork. True 9. False We record interest expense in the period in
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Auto Repair Shop Business Plan F and R Auto Repair Executive Summary F & R Auto (F & R) is the desire of John Ford and Michael Ronald who together have 30 years experience as auto mechanics. Both have a dream of starting up their own company and offering better service to their clients than competitors. 1.1 Objectives The objectives over the next three years for F & R Auto Repair are the following: • Sales revenues increase steadily through year three. • Institute a program of superior
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ISO 9001: 2008 for an educational institute (V.N.BIMS) What is ISO? ISO (International Organization for Standardization) is a worldwide federation of national standards bodies‚ at present comprising 140 members‚ one in each country. The object of ISO is to promote the development of standardization and related activities in the world with a view to facilitating international exchange of goods and services‚ and to developing cooperation in the spheres of intellectual‚ scientific‚ technological
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TABLE OF CONTENTS Page INTRODUCTION 2 FINANCIAL CRISIS IN ICELAND 2 1. Events led up to the crisis. 2 1.1. Theory of financial crisis. 2 1.2. How did the theory work in Icelandic crisis? 3 2. Main causes of Icelandic financial crisis. 5 3. Aftermath and Resolutions. 6 3.1. Aftermath. 6 3.2. Resolutions. 7 4. Other resolutions. 8 CONCLUSION 9 REFERENCES 10 INTRODUCTION Financial crisis in 2008 considered as the Global Financial Crisis in the world’s first exploded
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Southwest Airlines 2008 Problem Identification: Will Southwest Airlines able to maintain its top position and level of customer satisfaction whilst expanding its business domain? SWOT Listing: Strength: * Attractive fares and marketing strategies. * Point to Point flights. * Best turnaround time compared to its competitors. * First to sell seats through Internet sites. * Positively Outrageous customer service. * Maintained Co-operative labor relations. * They always
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Near the end of the novel Anthem by Ayn Rand the main character‚ Equality‚ reaches one of the most important realizations of the entire book about the concept of individualism. In the quote form the text “To be free‚ a man must be free of his brothers” Equality comes to the conclusion that to be independent he must first become his own person and let go what keeps him from doing what he wishes to. There are numerous cases of being free in Anthem‚ including Equality’s struggle in school‚ his running
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Introduction Earth moving equipment are the machines human make to replace the hard work from the human; the machines made by humans to perform digging; grading; leveling; removing; etc to earth moving from one side to the other side. There is Bulldozer‚ excavator‚ grader‚ loader‚ roller‚ forklift‚ tractor‚ bobcat‚ and truck‚ etc. Earth moving equipment is replacing the hard tough work; back break jobs to easy jobs for the workers. Machines do a lot better than the human force. They can do a big
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