owned or controlled to produce value and that is held to have positive economic value is considered an asset. Simply stated‚ assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset).The balance sheet of a firm records the monetary value of the assets owned by the firm. It is money and other valuables belonging to an individual or business. Two major asset classes are tangible assets and intangible assets. Tangible assets contain various subclasses
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(A) Accounts receivable (L) Salaries and wages payable (A) Equipment (A) Supplies (E) Owner ’s capital (L) Notes payable ------------------------------------------------- BE1-8 Classify each of the following items as dividends (D)‚ revenue (R)‚ or expense (E). (E) Advertising expense (R) Service revenue (E) Insurance expense (E) Salaries and wages expense (D) Owner ’s Drawings (R) Rent revenue ------------------------------------------------- (E) Utilities expense
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Case 1. Springfield National Bank Executive Summary Dawson Stores‚ Inc. is in need of a US $ 1 million credit line from Springfield National Bank on an unsecured basis. This study was conducted to determine if Dawson Stores Inc. will be a good credit risk for the bank by taking into consideration the company?s financial condition‚ character reference and loan security. Financial ratio and trend analyses show the company?s increasing profitability and long-term stability. It is recommended
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IT helps Australian bank achieve carbon-neutrality National Australia Bank has adopted tri-generation‚ private cloud‚ modular data centres National Australia Bank (NAB)‚ one of Australia’s big four banks‚ has detailed how changes to its data centres helped the organisation to become carbon neutral in a white paper (PDF) issued by the Open Data Center Alliance. The bank says it has been carbon neutral since 2010‚ thanks in large part to work on its data centres‚ which account for 43% of all energy
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QUESTIONS – Professor Naughton Before our final class‚ please read the Dragon Soup case and analyze the associated Excel Sheet. Kerr had been given the task of valuing Dragon’s equity for a possible acquisition. He was told by his boss to assume a valuation of ten times sustainable earnings‚ plus the value of cash and marketable investments on the balance sheet. The Excel Sheet completes this calculation for you‚ based on inputs that are provided in the top portion of the “Assumptions and Statements”
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Course Home Use the financial statements from the most recent year to fill in the table below. You may find some formulae calling for an average‚ e.g.‚ average inventory‚ average receivables. Because we only have the Balance sheet for one year‚ you can only use the one year number not an average. Assume interest expense is $0.00 Be sure to cite your references Green boxes to be filled in by instructor Ratio Formula (express the ratio in words)
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A Bank is a financial organization which accepts deposits that can be withdrawn on demand and also lends money to individuals and business houses that need it. Structure of banking sector in India: What is RBI? The RBI is India’s central bank. The Reserve Bank of India was established on April 1‚ 1935 in accordance with the provisions of the Reserve Bank of India Act‚ 1934. RBI acts as a banker to the Government and Banks. The Central Bank maintains record of Government revenue and expenditure
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Business Problem-Solving Case: Citizens National Bank Searches for a System Solution Case Study Questions 1. What was the initial problem that Mark Singleton was trying to solve at Citizens National? How well did he apply the four steps of problem solving? A major part of Citizen National’s strategy for continuing growth was to implement customer relationship management (CRM) software. The CRM strategy targeted the bank’s two main contact points with customers: the bank’s call center and its
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INTRODUCTION The National Bank of Pakistan is a Commercial Bank and transacts all types of Banking Business. The National Bank of Pakistan was established on November 29‚ 1949 as a semi public commercial bank. The Bank has the distinction of acting agent of the State Bank of Pakistan and operates treasuries where the State Bank of Pakistan does not have any office. The Head Office of the Bank is at Karachi. Ever since its establishment in 1949 it has been leading Commercial Bank of the nation‚ sole
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On January 4‚ 2010‚ Harley‚ Inc. acquired 40% of the outstanding common stock of Bike Co. for $2‚400‚000. This investment gave Harley the ability to exercise significant influence over Bike. Bike’s assets on that date were recorded at $10‚500‚000 with liabilities of $4‚500‚000. There were no other differences between book and fair values. During 2010‚ Bike reported net income of $500‚000. For 2011‚ Bike reported net income of $800‚000. Dividends of $300‚000 were paid in each of these two years.
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