Financial Management Department A.Y. 2013 2nd Semester “Deceitful Acts in Credit Transaction” Case 1. Gregorio‚ an unemployable college drop-out‚ pretended to be a public works contractor‚ and asked his former college seatmate‚ who owns a large hardware store‚ for a 90-day credit on Php200‚000 worth of construction materials. Greg explained that he just won a new public works contract on a school building. The credit‚ of course‚ was never paid. Greg sold the materials for cash at 20% below
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included a 1‚500 to 2‚100 word autobiography; autobiography is only required with first Experiential Learning Essay‚ subsequent essays do not require additional autobiographies. 4. I have written an experiential essay: 3‚000 to 4‚500 words for 3 credit essay 5. My essay is written in first person (1st) without references. 6. I have written to all four (4) areas of Kolb’s model of learning. 7. I have addressed all of the required subtopics in each of the four areas of Kolb’s model of learning
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There is FIN 403 Week 4 Individual Assignment Managing Economic and Transaction Exposure Simulation Summary in this pack. Business - Finance Resource: Managing Economic and Transaction Exposure simulation Complete the Managing Economic and Transaction Exposure simulation‚ located in the Course Materials forum. Prepare a 1‚050- to 1‚450-word summary in which you address the following: · For each major phase‚ describe the situation‚ your recommended solutions‚ and results.
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Tim Bruce The subject that I will be focusing on through the course of this extra credit paper‚ is one about the combination of Aerospace Engineering and Chemistry. I chose this particular topic because of my future life goals. Which include getting a degree in aerospace engineering. I also became interested while researching for this paper in a particular sub topic of the two which is called aerothermochemistry. Aerothermochemistry is the study of gases which takes into account the effect
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The most important advantage of using a credit card is convenient. People can use credit card buy anything everywhere. For example‚ supermarket‚ drug store‚ clothes store‚ shopping center‚ restaurant….all general place are accepted a credit card. Moreover‚ people can remote purchase any products that they want‚ for it enables people to purchase products and services remotely via the internet or phone. When people using a credit card shopping by telephone or in the Internet can speed delivery and
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BUSINESS AND MONEY We are all familiar with the convenience of credit and debit cards‚ and there’s no denying that they’re the preferred method of payment for many transactions. But sometimes good old hard currency is preferable. (Although maybe not pennies.) Here are four situations in which greenbacks are a better choice than plastic. 1. When you’re trying to stick to a budget. There are a slew of studies out there that compared cash and card spending behavior‚ and they all came to the same
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COST ACCUMULATION: SUMMARY OF ESSENTIAL TRANSACTION JOURNAL ENTRIES: TRANSACTIONS JOURNAL ENTRIES 1. Purchase of Direct Raw Materials - Initial Journal Entry Raw Materials - Direct xxx Cash / Accounts Payable xxx - To record purchase of Direct Raw Materials. 2. Purchase of Indirect Raw Materials - Initial Journal Entry Raw Materials
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The trial balance of Sam Mitchell‚ CPA‚ P.C.‚ is dated January 31‚ 2012: [pic] .:. During February‚ Mitchell or his business completed the following transactions: Feb 4 Collected $4‚000 cash from a client on account. 8 Performed tax services for a client on account‚ $4‚600. 13 Paid business debt on account‚ $2‚400. 18 Purchased office supplies on account‚ $900. 20 Paid cash dividends of $2‚200. 21 Mitchell paid for a deck for his private residence using personal funds‚ $8‚000. 22 Received
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rejects and refuses to pay for goods (the buyer has materially breached). 2. Be prepared to describe the Seller’s and Buyer’s rights in the event of the other’s insolvency. Seller’s Remedies: (Buyer’s insolvency) If the seller delivers goods on credit to an insolvent buyer‚ then the seller has the right to reclaim those goods within 10 days of buyer’s receipt of them. SELLER’S CLAIM SUPERSEDES THAT OF BUYER’S OTHER CREDITORS. Buyer Remedies: (Seller’s insolvency) If the goods are identified
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A100 Extra Credit Due at the start of your class on either Tuesday‚ Jan. 31st or Wednesday‚ Feb. 1st The Finicky Florist On October 1‚ 2011‚ Marjorie Simpson opened a flower shop. During the company’s first three months in business it had the following transactions: Oct 1 Issued common stock for $1‚000 Oct 1 Borrowed $20‚000 from the bank and no payments will be made until October 1‚ 2012‚ when the company will owe $21‚200 Oct 1 Paid $6‚000 for rent from the period Oct. 1‚ 2011
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