credit sales of $5.60 million for year 2010. Chiller estimates that 1.32% of the credit sales will not be collected. Historically‚ 4% of outstanding accounts receivable is uncollectible. On December 31‚ 2010‚ the company’s Allowance for Doubtful Accounts has an unadjusted credit balance of $3561. Chiller prepares a schedule of its December 31‚ 2010‚ accounts receivable by age. Based on past experience‚ it estimates the percent of receivables in each age category that will become uncollectible. This information
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ACKNOWLEDGEMENT First of all‚ I would like to thank Almighty God for giving me the strength to do this SBA‚ Mrs. Clovetta Campbell and finally my Principles of Accounts teacher Ms. Williams who helped me along the way. AIMS OF THE BUSINESS The aim of the business is to achieve exposure of what goes on in the business world. The aim of this business is to also know how to prepare Accounting Ratios‚ how to operate a business and how to achieve customer satisfaction and to attain profit
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Water Balance of Berkeley‚ California and Terre Haute‚ Indiana Johnny L. Luckett Excelsior College Abstract This paper discovers the water budget for Berkeley‚ California in comparison to Terre Haute‚ Indiana. The two cities precipitation differs throughout the twelve month calendar year where many of the heavy precipitation months are totally opposite. Berkeley California’s winters‚ where the majority of rain occurs and Terre Haute‚ Indiana where the rainfall is observed as
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Everyone has a slightly different style of communicating this is one of the things that make every individual unique. As we know communication is a two-way process and effective communication requires everyone involved to be able to express their own thoughts and messages and to understand the communication of others. In a way it is our job to ensure that we find ways of communicating language needs‚ preferences can be quite wide ranging‚ someone may require an interpreter or signer or someone
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Job Description ----Account Payable---- General Purpose Perform accounting and clerical tasks related to the efficient maintenance and processing of accounts payable transactions. Main Job Tasks and Responsibilities ▪ review invoices and check requests ▪ sort and match invoices and check requests ▪ set invoices up for payment ▪ process check requests ▪ prepare and process accounts payable checks‚ wire transfers and ACH payments ▪ reconciliation of payments
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example 1: Information relating to a sole trader’s receipts and issues of stock for the year 2008: 2008 Receipts Issues January 1 600 units @ $2 each February 14 400 units May 16 1 000 units @ $4 each July 21 800 units @ $5 each August 19 1 600 units September 14 1 600 units @ $6 each October 20 1 600 units AVCO method Date Received Issued Balance 2008 Units Per Units $ Cost $ Units Per Units $ Cost $ Units Cost $ $ $ Jan
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DEMAT Account DEMAT Account Meaning: In India’s banking terminology‚ the term DEMAT Account refers to a deposit made at an Indian financial institution that can be used for investing in shares of stocks and other financial assets. Securities are held electronically in a DEMAT Account‚ thereby eliminating the need for physical paper certificates. Definition Demat account is a safe and convenient means of holding securities just like a bank account is for funds. Today‚ practically 99.9% settlement
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Southwest Airlines 2008 Problem Identification: Will Southwest Airlines able to maintain its top position and level of customer satisfaction whilst expanding its business domain? SWOT Listing: Strength: * Attractive fares and marketing strategies. * Point to Point flights. * Best turnaround time compared to its competitors. * First to sell seats through Internet sites. * Positively Outrageous customer service. * Maintained Co-operative labor relations. * They always
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REFLECTIVE ACCOUNT I started my shift at 7:15 am. My work clothes are comfortable and unrestrictive; my footwear is flat‚ sensible and offers protection to my feet and ankles. When I arrive to the service user’s home‚ I knock on the door and wait to be let in either by one of the service user’s or by a work colleague. Once inside I greet the service user‚ if they are awake. I then head to the sleep in room‚ to start verbal handover with my work colleague. After the 15 minute handover‚ I then
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provide detailed and elaborate responses to the following questions. Your responses should include examples from the reading assignments. 1. What are the main components of a personal balance sheet and a cash flow statement? What is the main purpose of each of these personal financial statements? A personal balance sheet and a cash flow statement are personal financial statements that show your current financial position and summarize one’s income and spending. The purpose of these financial statements
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