practice. For instance‚ at the agency‚ at lunchtime‚ a participant didn’t want to eat‚ and I asked if everything was ok and if it is something I can do‚ and he responded‚ “you don’t know what its like to be in my shoes”. At this point the competency 2 statement is accurate‚ I do not know what he was feeling‚ we
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owner will scream out. The cries seem to work‚ as elated customers approach the decorated stalls. Looking round‚ I notice beauty-holic stalls‚ chatoyant vivid nail paints over the table like a rainbow canvas at the nail art stall. As I took a few steps forward‚ I see the vibrant and brilliant streaked hair braided very professionally‚ the hair-styling stall. Once‚ moving forward‚ zipped back and forth across the queue of games stalls. Trying out the luck with lucky 7 and giving the best shots with
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its trade credit. The efficient and effective credit management does help to expand sales and can prove to be an effective tool of marketing. It helps to retain old customers and win new customers. Well administrated credit means profitable credit accounts. The objectives of receivable management is to promote sales and profits until that point is reached where the 158 return on investment is further funding of receivables is less than the cost of funds raised to finance that additional credit.
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information in each of the following separate cases to calculate the unknown amount: a. During October‚ Shandra Company had $97‚500 of cash receipts and $101‚250 of cash disbursements. The October 31 Cash balance was $16‚800. Determine how much cash the company had at the close of business on September 30. b. On September 30‚ Li Ming Co. had a $97‚500 balance in Accounts Receivable. During October‚ the company collected $88‚950 from its credit customers. The October 31 balance in Accounts Receivable
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providing suggestions of improvement to the company’s management team. According to ASB’S Statement of Principles for Financial Reporting‚ the selected information will be provided to the following users: shareholders‚ loan creditor group‚ analyst-adviser group‚ employees‚ customers‚ suppliers‚ government and the public. Then‚ based on the key ratio calculations‚ the company’s financial performance is to be evaluated from two parts: profitability analysis and liquidity analysis. For the profitability analysis
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Table of Contents Declaration of plagiarism statement----------------------------------------------- | Pg 3 | Marking scheme---------------------------------------------------------------------- | Pg 4 | Introduction--------------------------------------------------------------------------- | Pg 5 | Contents * Section 1--------------------------------------------------------------------- | Pg 6 | * Section 2--------------------------------------------------------------------- | Pg
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different between the formats of financial statements (income statement and balance sheet) for different types of business such as sole proprietorship‚ partnership and limited company Each company will have different economic sectors so they use different financial statements with different format that satisfy those sectors. The financial statements collect the financial records form the sales and purchases produce‚ the net taxable profit or loss for each month. Different types of business use different
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F151. Assets become liabilities when they expire. F152. Revenue results from collection of accounts receivable. F153. A company’s fiscal year must correspond to the calendar year. T154. Accounting periods should be of equal length to facilitate comparison between periods. T155. When there is no direct connection between revenues and costs‚ the costs are systematically allocated among the periods benefitted. T156. Applying accrual accounting results in a more accurate measurement of profit for the
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preparation of all accounts and financial statements of an entity. In drawing up accounting statements‚ whether they are external "financial accounts" or internally-focused "management accounts"‚ a clear objective has to be that the accounts fairly reflect the true "substance" of the business and the results of its operation. The theory of accounting has‚ therefore‚ developed the concept of a "true and fair view". The true and fair view is applied in ensuring and assessing whether accounts do indeed portray
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Chapter 2: Macroeconomic accounts Multiple choice questions Question 1 Ignoring errors and omissions in the balance of payments accounts‚ if official interventions (Off) are positive‚ what may we conclude? a. That at least one of the current account (CA) and the private financial account (FA) was a deficit. b. That both the current account (CA) and the private financial account (FA) were a deficit. c. That either the current account (CA) or the private financial account (FA) was a surplus.
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