Introduction of cash budgeting Cash budget is a inputs and outputs of a business or a individual over a long period of time (e-conomic‚ 2013). A cash budgeting is relate to a organisation’s plan to plan ahead and to plan ahead of the future in a company. It usually expressed it as numbers of cash budgeting. The main objective of preparing cash budget is to ensure that the cash is sufficient for the purpose of capital or revenues expenditure. It is also to have cash in advanced in the case of shortage
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TSMC Company establishes an imprest petty cash fund by issuing a check for $200 to Mary Mann‚ the custodian of the petty cash fund. On October 31‚ 2008‚ Mary Mann submitted the following paid petty cash receipts for replenishment of the petty cash fund when there is $55 cash in the fund: Freight-in $27 Office Supplies Expense 35 Entertainment of Clients 60 Postage Expense 20 Instructions Prepare the journal entries required to establish the petty cash fund on October 1 and the replenishment
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French Leader: Blessed or Bonkers? A French leader from the Middle Ages believed she had messages sent from God to help her life choices. She heard voices and had visions in which she experienced encounters with holy saints‚ and used those encounters to convince others to let her be in war. Joan of Arc’s voices and visions were not actually sent from God‚ but they were a mental illness. Joan of Arc was a French leader during the time of 1413-1431. Her visions and voices were actually epileptic
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THE CASH REGISTER The modern cash register or till is made up of 4-5 parts. A cash drawer: Is usually located under the register and holds cash and receipts from transactions. A manual input: A keyboard with the regular qwerty or a custom input pad and a number pad to manually enter barcodes. A scanner: A scanner can be handheld or stationary and is used to scan barcodes which are then added to your bill. A display screen: The screen shows you all the items that you have scanned and their
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CHAPTER 2 CASH FLOWS AND FINANCIAL STATEMENTS AT SUNSET BOARDS Below are the financial statements that you are asked to prepare. 1. The income statement for each year will look like this: Income Statement 2008 2009 Sales $190‚119 $231‚840 Cost of goods sold 96‚952 122‚418 Selling & administrative 19‚067 24‚886 Depreciation 27‚370 30‚936 EBIT $46‚730 $53‚600 Interest 5‚950 6‚820 EBT $40‚780 $46‚780 Taxes (20%) 8‚156 9‚356 Net income $32‚624 $37‚424 Dividends
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CASE 22 HERMAN MILLER INC.: THE REINVENTION AND RENEWAL OF AN ICONIC MANUFACTURER OF OFFICE FURNITURE For MGMT 599 Dr. E. Escobedo By DeAngela Dixon August 15‚ 2013 Herman Miller‚ Inc. is primarily concentrated in the business and institutional market. Herman Miller is one of the leading players in the US office furniture industry with a 12% market share. Over the last several years‚ the entire industry has experienced significant declines in sales due to poor macroeconomic
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Cash Discount on Sales Cash discount is the discount offered by seller for paying cash early. Cash discount is only offered on credit sales where the customers do not pay at the time of sale but promise to pay latter. There are two methods of accounting for sales that offer cash discounts; the gross method and the net method. These two methods are explained with the help of the following example: Example Suppose Company A sells certain goods at a price of $4‚400 with terms of payment
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Yimei Xu Group 6 Daisy Miller by Henry James In James’s novels‚ Daisy Miller is fresh‚ pure‚ brave‚ honest and enthusiastic‚ likes freedom‚ and dares to challenge old European convention and tradition.. But somehow she is not well cultured or well refined. Daisy Miller is a wealthy‚ young‚ American gial from upstate New York‚ traveling around Europe with her mother and her younger brother in order to see Europe for herself. Daisy is a curious mixture of traits. She is spirited
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Squeezing out the life that should be let in She was a hurricane-cane-cane-cane But now she’s just a gust of wind She used to set the sails of a thousand ships Was a force to be reckoned with She could be a statue of liberty She could be a Joan of Arc But he’s scared of the light that’s inside of her So he keeps her in the dark Oh‚ she used to be a pearl...Ohh Yeah‚ she used to rule the world...Ohh Can’t believe she’s become a shell of herself ’Cause she used to be a pearl She
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Introduction to Securities Investment (Understanding Investment Decision Process) Individual’s Objective: Maximize utility (=degree of satisfaction) from consumption‚ subject to income & wealth‚ and market opportunities. In order to achieve the objective‚ people save a portion of (current) income for future spending‚ and reverse is also true. => efficient saving. Where to save? (Security types in Chapter 3) 1. Real assets: 2. Financial assets: represent claims on future cash payoffs. I.O.Us
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