bank reconciliation‚ Apex Company provided the ff. information Balance per bank statement 1‚805‚000 Deposit in transit 325‚000 Return of customer’s check for 60‚000 Insufficient fund Outstanding checks 275‚000 Bank service change for August 10‚000 On Aug 31‚ 2011‚ what is the adjusted cash in bank? a. 1‚ 855‚ 000 b. 1‚ 795‚ 000 c. 1‚ 785‚ 000 d. 1‚ 755‚ 000 3. Credit balances in Accounts Receivable shall be classified as a. Current Liabilities
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Off Balance Sheet Financing Practices [Student Name] [Course Title] [Instructor Name] [Date] Off Balance Sheet Financing Practices The traditional accounting methods have been replaced by a number of new accounting techniques. Some of which are observable while other remain hidden. Off Balance Sheet Financing or OBSF is one of these new accounting techniques. It is a mode of obtaining finance for a business without disclosing significant capital expenditures on the balance sheet of a company
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Week 5 Problem Solution Set Accounting/547 October 5th‚ 2012 Chapter 15‚ #83 a) Significant tax issues or concerns that may differ across entity types are: * The business structure’s flexibility * Protection of the liability * The time and cost of organizing the entity Significant non-tax issues or concerns that may differ across entity types are: * Lowering of self-employment and FICA taxes * Flexibility of special allocations * Adding new owners b)
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Balance Sheet and Income Statement Commentary Belinda Greer BSA/500 March 24‚ 2012 Murali Ramachandran Balance Sheet and Income Statement Commentary Balance sheets and income statements are a snapshot of a company’s stability and financial situation. Combined the statements show the income‚ expenses‚ and stockholder’s equity in the company. These statements are often analyzed by financial institutions when a company comes to them needing a loan. Stockholders and other investors also look
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erspective P Insights for America’s Business Leaders Building A Fortress Balance Sheet: Protect Your Bank’s Financial Health While Positioning It For Growth Executive Summary: - The Vauban Model - Current Market Overview - Stress Testing and the Fortress Balance Sheet - Capital-Raising Strategies “Ultimately‚ market participants themselves must address the fundamental sources of financial strains – through deleveraging‚ raising new capital and improving risk management.”1 – Ben Bernanke
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Balance Sheet and Income Statement Commentary BSA/500 – Business Systems I July 2‚ 2012 Balance Sheet and Income Statement Commentary JB Hunt (Trucking and logistics) On JB Hunt’s balance sheet for 2011 lists current assets of $513‚542‚000 and current liabilities of $438‚515‚000‚ yielding a current ratio of 1.17‚ which indicates the company‚ has $1.17 of current assets for every $1 of current liabilities. The previous year 2010‚ the current ratio was 0.91. This shows a 29% increase in the
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the existing resources were not skewed with any incentives. The company’s profit was under a billion dollar but the average compensation of top 200 executives was over 1.4 billion. Employees at the executive level were promoted quickly that left the lack of good executive skill at the vacant level.
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Suppose the Robinson Company had a cost of goods sold of $1‚000‚000 in 2010 and $1‚200‚000 in 2011. a. Calculate the inventory turnover for each year. Comment on your findings b. What would have been the amount of inventories in 2011 if the 2010 turnover ratio had been maintained? a. inventory turnover for 2010 =COGS/Inventory = $1‚000‚000/350‚000=2.857 inventory turnover for 2011 =COGS/Inventory = $1‚200‚000/500‚000=2.4 b. $1‚200‚000 /inventory =2.857 Inventory in 2011 to maintain 2010
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the payment services through various kinds of deposits‚ debit cards and credit cards ANALYSIS OF COMMERCIAL BANK BALANCE SHEET For my assignment I have picked up Lloyds TSB as my bank. Lloyds TSB is one of the four biggest bank in the UK. I have taken 2007 annual report as the group has published only the 2008 interim report. The second item which we see in Lloyds TSB balance sheet is loan and advances to banks. It reflects the interbank relationship. This figure has fallen for most of the commercial
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1. Suppose the Federal Reserve instructs the Trading Desk to purchase $1 billion of securities. Show result of this transaction on the balance sheets of the Federal Reserve System and commercial banks. > Change in Federal Reserve’s Balance Sheet Assets Liabilities Securities + $1 billion
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