N.Benton invested $41.000 cash in the company ( cash‚ equity (owner capital)) 2. The company rented a funitured office and paid $2.200 cash for June’s rent. ( cost‚ cash) 3. The company purchased $1.860 of equipment on credit ( equipment‚ payable) 4. The company paid $780 cash for this months’s advertising of the opening of the business. ( cash‚ cost) 5. The company complete maintenance services for a customer and immediately collected $5.700 cash. (cash‚ revenue) 6. The company
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Running Head: Four Types of Business Brandon Mckinley University of Phoenix ACC/561 Introduction An Entrepreneur is a person who forms and operates a business. Entrepreneurs form and start companies by themselves‚ or with partners. Most of the time companies which are started by entrepreneurs are relatively small in size‚ but some grow into huge corporations‚ such as Microsoft which is owned by Bill Gates. Entrepreneurs have four different options when starting a business‚ which include
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1888 The First National Manual Cash Register In 1883 on January the 30th James Ritty receives a Patent for inventing the cash register. Ritty owned a cafe in Dayton in the 1870s it was a popular cafe but somehow always lost money Ritty then blamed the bartenders and other workers for stealing. What Ritty dealt with was very common in the late 1800s. Ritty later went on a vacation on a ship whist on the ship he observed the workings of an automatic device that recorded the revolutions of the ship’s
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organizations letting this business getting credit in the future. Nevertheless the current ratio must not greatly surpass the standards of additional opponents. This could be revealing of unprofessional conduct of current assets furthermore; a lesser amount of cash flow representing the shareholders. Table showing Financial Ratios of Lithia Motors‚ Inc. Below is the table for the financial ratios for Lithia Motors‚ According to the website (Morning Star‚ 2014). 31-Dec-13 31-Dec-12 31-Dec-11 A. Liquidity Ratios:
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chapter 3 Exe# 6 In question direct labor hours is not given‚ we can find D.Labor hours through this formula Direct labor cost = 40000 = 6250 Hours Per D.Labor hours rate 6.40 1) Prime Cost (2) Conversion Cost Material opening 24000 Direct labor 40000 + purchase 56000 FOH Applied Material available for use 80000 6250 Hours@ 8 50000 - Material ending (20000) Conversion cost 90000 Material used 60000 + Direct labor 40000 Prime Cost 100000
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The document of ACC 421 Week 4 Learning Team Assignments includes: Learning Team Assignments From the Text Resource: Intermediate Accounting Write responses to Problem P5-3 in Ch. 5 and Concepts for Analysis CA24-2 in Ch. 24 of Intermediate Accounting. General Questions - General General Questions Write responses to following in Intermediate Accounting: · Problem P5-3 in Ch. 5 and · "Concepts for Analysis" CA24-2 in Ch. 24 of Intermediate
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1. At the beginning of 2009‚ CanGo purchased the online gaming company. This purchase was for cash‚ paid for through the proceeds of the IPO and results in goodwill. 2. 90% of the online book sales comes from JIT‚ the other 10% through the inventory which CanGo possesses. 100% of the CD/DVD/MP3 come through CanGo inventory. The result is that 80% of ALL sales is JIT and 20% is inventory. 3. There is one warehouse for shipping of books and one plant for manufacturing. 4. There
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Cash Flows Aleshia Wisch ACC206: Principles of Accounting II Prof. Eric Sumners August 11‚ 2014 ACC 206 Week Assignment 1. Critical Thinking Question: Answer the following questions: Why are noncash transactions‚ such as the exchange of common stock for a building for example‚ included on a statement of cash flows? How are these noncash transactions disclosed? It is important for a company to show what assets they have on hand that can convert to cash. Non cash transactions are disclosed
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In this work ACC 306 Week 4 Exercise 18-24 you will find: Softech Canvas Goods - Profitability ratio Business - Accounting Week 4 Required Readings a. Chapter 18: Shareholders’ Equity b. Chapter 19: Share-Based Compensation and Earnings Per Share Discussions 1. 1st Posting Due by Day 3. Which view do you favor? Why? Complete ONLY Requirement 1 of Communication Case 18-10 from Chapter 18. 2. 1st Posting Due by Day 3. International Network Solutions.
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CAPSTONE CHECKPOINT Capstone Checkpoint Capstone Checkpoint An issue in human services that is being mulled around in my community and state is what to do about drug and alcohol use while collecting welfare and other state benefits. The money that is meant to get the parents back on their feet and provide for the children is being grossly misused. Many people who are collecting benefit checks‚ food stamps‚ and medical benefits are unable to pass a drug test so in essence are not able to work
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