ANSWER SHEET STUDENT’S SURNAME........................................... OTHER NAMES.......………......................................... STUDENT NUMBER....……….................................. TUTORIAL DAY & TIME........………................... TUTOR’S FULL NAME......................................... Test 1 – Version 2 Session 2‚ 2012 Course Code: ACCG 224 Course Name: INTERMEDIATE FINANCIAL ACCOUNTING Time allowed: 55 minutes plus 5 minutes reading time Total No. of questions:
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Brochure More information from http://www.researchandmarkets.com/reports/641211/ Apollo Food Holdings Berhad Description: Quantitative analyses of financial statements (Income Statement‚ Balance Sheet and Sources of Capital)‚ extensive ratio tables (Accounting‚ Asset Utilization‚ Employee Efficiency‚ Fixed Charges Coverage‚ Leverage Analysis‚ Liquidity Analysis‚ Per-share Data and Profitability Analysis) and proprietary Wright Quality Rating analyses tables. The Wright Quality Rating‚ a measure
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DBQ Essay Before Alexander’s proposal for a National Bank‚ the United States had no place where to store and save their money. The country didnt have a stable economy and needed improvemt in handling the financial business of the United States. By establishing a national bank‚ the country woould be able to establish financial order‚ clarity and precedence in and of the newly formed Unted States. It will also establish credidt‚ both in country and overseas‚ for the new nation. And finally it was
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members may reduce their individual tax liabilities by operating as a LLC. CCS should be concerned about FICA and self-employment taxes. LLCs must pay self-employment taxes. As the business grows past 3-4 years‚ I recommend CCS to look at the possibility of switching to and S Corporation. At this point‚ compensation needs may have reduced and the members would wish to fully benefit from self-employment tax removal. Chapter 19‚ #39 A. What amount of gain or loss does Zhang realize on the transfer
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building accounts; commission received accounts‚ and rent account. 4. Summarizing Financial Transactions all financial transactions are summarized in this step of accounting process. They are summarized by preparing a trial balance. Preparation of trial balance helps to prepare final accounts which disclose the profit and loss and financial position. 5. Communicating the Results Of Business In the last step of accounting process‚ the results of business operations such as profit or
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Activity Based Costing in the Service Sector: The Buckeye National Bank 1. a) single indirect cost allocation rate: total indirect costs/total amount of checks processed $2‚850‚000/$95‚000‚000 = $0.03 per dollar processed b) total annual indirect cost assigned to the retail customer line and the business customer line: amount of checks processed x allocation rate = total indirect costs $9‚500‚000 x $0.03 = $285‚000 (retail customers) $85‚500‚000 x $0.03 = $2‚565‚000 (business customers)
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Lay people are local members of a community who are randomly selected to hear both criminal and civil court cases using the electoral voting register. They usually hear the majority of criminal cases. They have no knowledge or legal qualifications of the law‚ however there are some formal requirements needed to become a lay person. Lay magistrates and juries are required to; • Be between the ages of 18 to 65‚ • Have no criminal records • Not be a member of the armed forces. • be on the electoral
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Banks in the 1920s were built around a system of credit and mutual dependency with banks largely relying on the stability of others incase of emergency. Banks had to be registered with the National Reserve to operate with roughly 30‚000 National Reserve banks housing different portions of the country’s financial reserves. Each bank in turn also had its own reserves to account for the various loans and issued currency. With this system banks were intended to cooperate and move money as needed to other
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it came to their accounting practices‚ and in turn the company was able to report higher revenue in the accounts receivable column. So‚ since they were able to report higher revenue they were also able to make it look as if their quarterly earnings were significantly increasing. Like I stated earlier‚ in the beginning Dunlap was able to substantially maximize the shareholders’ wealth of Sunbeam. By 1997 he was able to open ten different factory outlet stores. The main goals of the factories were
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RESERVE BANK OF INDIA OFFICIAL PAYMENT NOTIFICATION. Reserve Bank Of India # 17 Shantipath‚ Chanakyapuri‚ New Delhi 110021‚ INDIA Customer services‚ Payment file: RBI-DEL/id1033/14. Payment amount: 3CRORE 44lakh‚ 78thousand‚ 86 hundred INR RESERVE BANK OF INDIA OFFICIAL PAYMENT NOTIFICATION TO YOU. Welcome to Reserve Bank of India E-mail services‚ you are currently in contact with the Online International Remittance Department (E-Banking/Online Wire Transfer Section).MAKE SURE YOU REPLY TO THIS
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