TSMC Company establishes an imprest petty cash fund by issuing a check for $200 to Mary Mann‚ the custodian of the petty cash fund. On October 31‚ 2008‚ Mary Mann submitted the following paid petty cash receipts for replenishment of the petty cash fund when there is $55 cash in the fund: Freight-in $27 Office Supplies Expense 35 Entertainment of Clients 60 Postage Expense 20 Instructions Prepare the journal entries required to establish the petty cash fund on October 1 and the replenishment
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I. INTRODUCTION Statement of Cash Flow (Cash Flow Statement) describes the changes in the cash position of a company during specific period of time. In business as in personal finance‚ cash flows are essential to solvency. Solvency can be described as the degree to which the current assets of an individual or entity exceed the current liabilities of that individual or entity. Cash flow is crucial to an entity’s survival. Having ample cash on hand will ensure that creditors‚ employees and others
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Jessica Pratt Taking a Stand Dear ladies and gentlemen of the court‚ today I stand before you to debate whether or not Atticus should have defended Tom Robinson. I assure you that you can place all of your trust in me because I am completely unbiased since I am not racist and I am in no way related to Atticus. While it is true that Atticus Finch caused dissension by defending a black man‚ he had no choice but to defend Tom Robinson‚ a man created in the image of God and therefore equal to his
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CHAPTER 2 CASH FLOWS AND FINANCIAL STATEMENTS AT SUNSET BOARDS Below are the financial statements that you are asked to prepare. 1. The income statement for each year will look like this: Income Statement 2008 2009 Sales $190‚119 $231‚840 Cost of goods sold 96‚952 122‚418 Selling & administrative 19‚067 24‚886 Depreciation 27‚370 30‚936 EBIT $46‚730 $53‚600 Interest 5‚950 6‚820 EBT $40‚780 $46‚780 Taxes (20%) 8‚156 9‚356 Net income $32‚624 $37‚424 Dividends
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point‚ we will encounter a situation in which we will have to risk something. Furthermore‚ each time we do something we are taking a risk‚ whether it be walking out of a building or running a red light. A perfect example of risk taking would be getting into a swimming pool. In this scenario‚ if you did not know how to swim you would be facing the risk of drowning. Another example‚ would be writing a paper at the last minute. The problem with this would be you procrastinating until the last minute‚ risking
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BSBA III- Financial Management Credit and Collection ADVANTAGES OF CREDIT It’s convenient to use in a wide variety of place in stores‚ on the phone or online. You can manage your budget using your monthly statement with the details of all purchases. It is safer than carrying a lot of cash. You can earn prizes like rebates or points. DISADVANTAGES OF CREDIT If you make late payments‚ do not pay the balance in full‚ or exceed your credit limit‚ you will have to pay extra in fees and interest. Credit
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we are afraid to fail‚ we will not accomplish the goals we set for ourselves. In fact‚ we cannot set goals at all. Taking chances adds some spice to life. When we just play it safe‚ life is boring. Living life while playing it safe is not living life. We do not get ourselves anywhere when we just keep on stopping ourselves from taking chances. There is no hope for us. Taking chances makes life interesting. It makes us who we are. We need to get out of our comfort zone in order to grow and
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exchange he will let Lucifer claim his soul. This deal was known as a Faustian bargain. This term has been used in various situations although most of these “Faustian Bargains” don’t always include making a deal with the devil. It can be as if the citizens in a country are Faustus and the country’s government is the devil which is what my topic is based on. So is a Faustian bargain ever necessary or justified? A Faustian bargain in my own definition is a deal that can benefit you but can also hurt you
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Department of Lifelong Learning: Study Skills Series Note taking skills - from lectures and readings Introduction When you are at university‚ the sheer amount of information that is delivered to you can be daunting and confusing. You may even think that you have to copy down everything you hear or read. When you are at a face-to -face lecture it is sometimes difficult to tell what is important and what is not. Distance learning students might feel the need to copy out fact after fact from
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1 Chapter 3: Taking Notes The good student takes down notes when listening to a teacher’s lecture. In the same way‚ the good researcher takes down notes whenever he comes across a source relevant to his research. Research note taking saves the researcher a lot of time and effort. It allows him to refer to his sources without having to “re-search” for the source from which they were originally taken. In the beginning‚ it might seem that the rigid rules of note taking are stifling‚ rather than
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