3 Adjusting Accounts and Preparing Financial Statements QUESTIONS 1. The cash basis of accounting reports revenues when cash is received while the accrual basis reports revenues when they are earned. The cash basis reports expenses when cash is paid while the accrual basis reports expenses when they are incurred (and matched with revenues they generated). 2. The accrual basis of accounting generally provides a better indication of company performance and financial condition than does
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Initial Writing Sample: Main Points Throughout reading the article on “Studies Explore Whether the Internet Makes Students Better Writers” by Josh Keller‚ there are a few points to pick up on. The first point being made is that some scholars say that students no a days have a more enhanced skill for writing. In other cases some are saying‚ by using online blogs and/or tweeting can cause a student to form bad writing habits and become less efficient in a classroom setting. A second point that’s
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______________________________________________________________________________ ______________________________________________________________________________ AS-4 ( 3 ‚ 4 ) Bonds can be issued at different prices relative to their face value. Name the three types of bonds relative to face value. Par – issued at face value ______________________________________________________________________________ Discounted – issued at a price less than face value ______________________________________________________________________________
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ACC 556 – Financial Accounting for Managers Chapter 1 Homework Due Week 1 and worth 10 points Directions: Answer the following four questions on a separate document. Explain how you reached the answer or show your work if a mathematical calculation is needed‚ or both. Submit your homework assignment using the homework assignment link in the course shell. E1-1 Here is a list of words or phrases discussed in this chapter: 1. 2. 3. Corporation Creditor Accounts receivable 4. 5. 6. Partnership Stockholder
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Accounting Basics: Introduction Accounting is a glorious but misunderstood field. The popular view is that it’s mostly mind-numbing number-crunching; it certainly has some of that‚ but it’s also a rich intellectual pursuit with an abundance of compelling and controversial issues. Accountants are often stereotyped as soulless drones laboring listlessly in the bowels of corporate bureaucracies. But many accountants will tell you that it’s people skills‚ not technical knowledge‚ that are crucial to
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Bachelor of Commerce (Accounting) Commerce ‚ as a field‚ had always fascinated me right from my school days. I believe my penchant for this field stems from the fact that Finance runs in world and every sector requires proper finance system. My Uncle is a chartered accountant. During my school days‚ I used to go to my Uncles’s office and help him manage his portfolio of equities and other financial instruments. This was the time I learnt the first lesson of finance from my Uncle i.e. risk and
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Accounting and Finance Management Assignment 2 Semester: 3 Prepared by: Osoba Seun Student Number: Sc-Kl-00021763 Email Address: josher4real@yahoo.com Date submitted: 17/01/2014 Question 1 Sales Budget September ($) October ($) Budgeted sales (units) 9‚500 Selling price per unit $12 Total sales 90‚000 114‚000 Schedule of expected cash collections: October ($) Account
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SHANGRI-LA You are partner in charge of the audit of Shangri‑La‚ Inc. The company is a real estate developer‚ specializing in luxury vacation areas. The company’s operations have been profitable‚ although not spectacular. Most of the development property is pledged as collateral for bank loans; there is a reasonable stockholders’ equity of about $10‚000‚000. Shangri‑La has a substantial
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low-cost provider strategy 2. broad differentiation strategy 5. a best-cost provider strategy deliberate strategy‚ abandoned strategy elements‚ emergent strategy‚ realized strategy Business model – customer value proposition - profit formula The three tests of a winning strategy 1. How well does the strategy fit the company’s situation? (internal and external) 2. Is the strategy helping the company achieve a sustainable competitive advantage? 3. Is the strategy producing good company performance
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There are 3 main competitors for Jawbone Up device. But there are 12 competitors in total. Fitbit - 36 patent DirectLife - 24 patent BodyMedia - 23 patent DigiFit - 1 patent Life Microscope - Adidas MiCoach Pacer - Nike+ - 49634 patent Valencell - 7 patents Basis Band - Shine - 20472 patents Larklife - 1 patent Motorola MotoActv - Legal regulations. i) What are we going to be if we colabarate with Jawbone:- Limited liability partnership Why? Because we are building a partnership
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