Milli Drexler ACC220 July 29‚ 2012 Accounting Documents A balance sheet is used by accounting departments to show a company their financial position at the end of a specified date. It is often called a snapshot of a company’s financial position at a given moment. It gives the reader of the document a clear picture of all transactions that have been posted by that company as of a specific date. When accountants prepare a balance sheet they list the company’s assets at the time. Assets are things
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Checks and Balances of the Legislative Branch The Legislative Branch is given the powers to make the laws. It has the following checks over the Executive Branch: * May override presidential vetoes with a two-thirds vote * Has the power over the purse strings to actually fund any executive actions * May remove the president through impeachment * Senate approves treaties * Senate approves presidential appointments The Legislative Branch has the following checks over the Judicial
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A college student has many things to balance throughout their college career. College courses are more difficult than the courses previously taken throughout high school. College is typically the first time that students are living on their own. A student must be concerned with living arrangements and how to pay for them. They are often working at the same time as attending college. Adults as college students have even more life issues to factor in. Many adult college students are juggling
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merchandise (goods) trade balance is the most widely known indicator of U.S international economic activity. In 2011‚ total merchandise trade has reached $3‚688 billion. A 16% increase over the 2010 value‚ a 22% increase in 2010 which is up to $3‚191 billion and a 23% decrease in 2009 which up to $2‚616 billion. From the data obtained above‚ merchandise exports in 2011 total is $1‚480 billion‚ while imports had reached $2‚208 billion. The U.S merchandise trade deficit fell massively from $816 billion in 2008
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Q1: Trace the history of Anglo American from 1917 to date in South Africa and other Businesses? Anglo American plc is a global mining company headquartered in London‚ United Kingdom. It is a major producer of diamonds‚ copper‚ nickel‚ iron ore and metallurgical and thermal coal and the world’s largest producer of platinum‚ with around 40% of world output. The following is the timeline of Anglo American: 1917 Company founded by Sir Ernest Oppenheimer along with American J.P Morgan. Initial investment
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The short time spent on this course and more importantly‚ the topics presented by the different groups had a positive impact on how I look at balancing my work‚ family and even my ministry. To some‚ this may seem to be just one of those topics they usually see in classes. But for me‚ it can make a difference in a person. It can change someone who’s all about work‚ money or fame into someone who could provide love and care for their families. I also believe that this course could change someone with
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PROBLEMS 1. Table 3.3 shows the December 31‚ 2009 pro- forma balance sheet and income statements for R& E Supplies‚ Inc. The pro- forma balance sheet shows that R& E Supplies will need external funding from the bank of $ 1.4 million. However‚ they show $ 1.27 million in cash and short- term securities. Why are they going to the bank when they have most of the required amount in their cash account? 2. Pro forma financial statements‚ by definition‚ are predictions of a company’s financial statements
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Journal Entries Example Company A was incorporated on January 1‚ 2010 with an initial capital of 5‚000 shares of common stock having $20 par value. During the first month of its operations‚ the company engaged in following transactions: Date Transaction Jan 2 An amount of $36‚000 was paid as advance rent for three months. Jan 3 Paid $60‚000 cash on the purchase of equipment costing $80‚000. The remaining amount was recognized as a one year note payable with interest rate of 9%. Jan 4 Purchased office
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-Starbucks Corporation and the use of “Off-Balance Sheet” Financing Starbucks Corporation‚ founded in 1985 in Seattle‚ Washington‚ purchases‚ roasts and sells whole bean coffees at retail locations worldwide. Starbuck’s in-store products include brewed coffees‚ espresso beverages‚ blended beverages‚ complimentary food items‚ teas and brewing equipment. At the end of 2009‚ Starbucks operated through 7‚ 803 retail locations in 49 countries (Annual Report 4). In recent years‚ Starbucks’s stock
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Procedure: The Centigram Balance: Direct Weighing 1. Weigh a slug on a centigram balance using the direct-weighing technique: Obtain a centigram balance from the Balances option under the Equipment menu. Select the centigram balance and add one slug from the Chemicals dialog box. Record the slug mass in the Observations. 2. Weigh the same slug directly on another centigram balance: Obtain a second centigram balance from the Balances option under the Equipment menu and place it under the
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