Classmates‚ According to (Oster‚ 2014)‚ "Percentage of receivables and percentage of sales are two accounting allowance methods used to reconcile customer accounts deemed noncollectable. When allowed by generally accepted accounting principles (GAAP)‚ these two strategies are preferred over direct write-off of bad debt expenses. Percentage of receivables and percentage of sales provide a business with the ability to accurately estimate the expected bad debt losses they will have in each succeeding
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CHAPTER I INTRODUCTION A student record is about any written information about the students. Student records are often viewed as paperwork produced for the education accreditations. However‚ a well-designed student record system‚ whether using paper documents or automated systems‚ produce many benefits. The most important of these is the ability to report information for decision making about individual students‚ school and programs. A second benefit‚ particularly with automated systems‚ is efficiency
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most important? Explain why. The four basic financial statements are the balance sheet‚ income statement‚ statement of retained earnings‚ and statement of cash flows. The balance sheet shows what it owes and owns. Income statement shows how the company did during a period of time both revenues and expenses. Statement of retained earnings indicates how much previous income was distributed to yourself and other business owners and what was kept for future growth. Statement of cash flows shows where
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CASE 4-33 ACCOUNTING | 15% Commission | 20% Commission | Own Sales Force @ 7.5% | Sales | $ 16‚000‚000 | 100% | $ 16‚000‚000 | 100% | $ 16‚000‚000 | 100% | Variable Expenses: | | | | | | | Manufacturing | $ 7‚200‚000 | | $ 7‚200‚000 | | $ 7‚200‚000 | | Commissions | $ 2‚400‚000 | | $ 3‚200‚000 | | $ 1‚200‚000 | | Total Variable Expenses | $ 9‚600‚000 | 60% | $ 10‚400‚000 | 65% | $ 8‚400‚000 | 52.5% | Contribution
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Chapter 1 Financial Accounting and Accounting Standards Intermediate Accounting‚ 15th Edition Kieso‚ Weygandt‚ and Warfield 1 Financial Statements and Financial Reporting • Goals or purpose of (financial) accounting – Identification‚ measurement‚ and communication of financial information about – An economic entity to – Interested Parties (internal and external) • Creditors‚ managers‚ unions‚ government agencies Financial reports (statements) & notes 2 Financial Statements
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Many people commit mistakes in their lives that cause them to have a criminal record. One in three people in the U.S have committed a crime that caused them a lot in their lives. Having a criminal record makes many people not have a job‚ visit other countries‚ adopt a child and have a harder time if they have to go to court in the future. This is a world wide problem that only this year people are trying to solve. Many states have passed laws that help ex convicts have a better life by increasing
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Electronic Medical Records Electronic medical records are believed to be the way of the future. Hospitals and other healthcare settings are increasingly turning to electronic records over traditional paper records. However‚ many still have not made the leap and continue to use paper instead of electronic. Healthcare practices must weigh the pros and cons before deciding which records management system to use. An electronic health record (EHR) is a representation of all a patients’ data; know
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Building Record-Keeping Systems: Archivists Are Not Alone on the Wild Frontier MARGARET HEDSTROM* RBSUMB Des recherches rCcentes dans le domaine des documents Clectroniquesont mis de I’avant des propositions et Ctabli des modkles en vue d’inclure des fonctions et des procCdures de contr6le de I’information au sein de systkmes informatiques pour s’assurer de I’authenticitC et de I’intCgritC des documents. Cet article passe en revue plusieurs projets de gestion des documents informatiques men& par
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An Electronic Document and Records System (EDRS) is a computer program (or set of programs) used to track and store records. The term is distinguished from imaging and document management systems that specialize in paper capture and document management respectively. ERS systems commonly provide specialized security and auditing functionality tailored to the needs of records managers. The National Archives and Records Administration (NARA) has endorsed the U.S. Department of Defense standard 5015
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Managing Records in Records Centres Key Activities in Records and Archives Management * implementing and maintaining preservation measures * developing and testing emergency plans to protect records * controlled temperature and humidity * controlled lighting * adequate shelving for all records * adequate storage containers‚ such as boxes and file folders * secure access to storage areas to prevent loss or damage to records Organising
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