The basic principles of an accounting information system include all of the following except | | | Student Answer: | | cost effectiveness. (Cost effectiveness is one of the basic principles of accounting information systems.) | | | | flexibility. (Flexibility is one of the basic principles of accounting information systems.) | | | | useful output. (Useful output is one of the basic principles of accounting information systems.) | | | | periodicity. (Correct! Periodicity
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In the late 1600’s Salem‚ Massachusetts‚ the Salem Witch Trials was conceivably thought of as terrifying or even unjustified. Left and right‚ convictions of witchcraft were put on other villagers in Salem. Abigail and other girls‚ Tituba‚ Proctor‚ and others are to be blamed for the deaths and events in Salem‚ but Reverend Parris seems to have the bigger faults. Parris’s childish and avaricious characteristics caused the deaths of many innocent people. Reverend Parris enacted an essential role in
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Accounting and Finance Management Assignment 2 Semester: 3 Prepared by: Osoba Seun Student Number: Sc-Kl-00021763 Email Address: josher4real@yahoo.com Date submitted: 17/01/2014 Question 1 Sales Budget September ($) October ($) Budgeted sales (units) 9‚500 Selling price per unit $12 Total sales 90‚000 114‚000 Schedule of expected cash collections: October ($) Account
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BSAD 526 Managerial Accounting Case 8-35 Introduction Wyndham Stores operates a regional chain of upscale department stores. They plan to open another store in a prosperous and growing suburban area. The company’s Vice President of Marketing is in favor of buying the new building site and building a new building on the property. The projected cost for the new building is $14 million‚ according to the vice president of marketing. The problem with the vice president’s
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will I am sure be of interest not only to our student audience but as a refresher to those of you in practice that may be required to deal with this concept. In most businesses debtor balances represent an important element of working capital. Accounting principles dictate that the supply of goods or services is accounted for as sales‚ at the point at which the buyer has a legal obligation to pay for them. Total debtors represent the value of credit sales for which payment has yet to be received
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The Dannon Company is a multinational company with operations in over 30 different countries‚ and is one of the largest health food companies in the world. The firm cooperate headquarters is located in White Planes NY‚ and has 1‚150 employees which are spread out at one of Dannons three plants located in Ohio‚ Texas‚ and Utah. As of 2009 the Dannon company was in the lead to become the largest domestic seller of yogurt and nutritional products in the US. Dannon was ranked #1 worldwide with bottled
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Era of the 1950’s and the Salem Witch Trials of the 1600’s were major events in American history that destroyed the lives and careers of many innocent victims. These tragic events were similar in that they demonstrated how hard times lead to society’s need to find a scapegoat. They also show the shame and regret that take place after the bloodbaths occur. The parallels between these two events‚ which took place almost 300 years apart‚ are remarkable." "However‚ the Salem Witchcraft Trials use of
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Calibro is a company majoring in the development and production of pharmaceuticals. It is headquartered in Switzerland. Since the company aims at developing‚ improving and producing pharmaceuticals‚ intense research is an essential requirement for the company. It has established research laboratories in various countries in Europe. Teams of research specialists are entrusted with the core role of researching and improving pharmaceuticals. Recently‚ the research team was working on a new drug development
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issues and/or repurchases of equity and/or debt of YOUR Company. a. Explain how owner’s equity could be affected by the choice of equity or liabilities. Use some ratios to illustrate. 1. The dividend payout ratio is 23.7 %( 159/671). Dividend payment can vary from different companies. For growing companies‚ they tend to reinvest using their equities so the dividend payment may be very low or even zero‚ but Beiersdorf is a mature company‚ so it has a high dividend payout ratio. Nevertheless‚ this
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1. Why does the company need funds? First‚ Butler Lumber Company in the spring of 1991 anticipated a further substantial increase in sales. It means there are more working capital associated with the company’s increasing sales volume. Second‚ although they have good profits‚ the company had experienced a shortage of cash. The company’s current borrowing from Suburan National Bank almost reaches the maximum loan that SN Bank would make. Meanwhile‚ the SN Bank now asks Butler Lumber to secure the
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