ACC/291 March 25‚2012 Liquidity Ratios Current Ratio: Current Assets/Current Liabilities 2005 $14‚555‚092/ $6‚974‚752= 2.09:1 2004 $14‚643‚456/ $6‚029‚696=2.43:1 Acid Test Ratio: Cash+ Short-Term Investments + Receivables (Net)/ Current Liabilities 2005 $305‚563 + $283‚583 +$6‚133‚663/ $6‚974‚752= .96:1 2004 $357‚216 + $133‚504 + $5‚775‚104/ $6‚029‚696=1.04:1 Receivables Turnover: Net Credit Sales/ Average Net Receivables 2005 $50‚823‚685/ ($6‚133‚663 + 5‚775‚104/2) $50‚823‚685/
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Maria Saavedra ECT122 Week 1 05/07/2014 Chapter 1Chapter 2 Chapter 3 Practice Problems *(Be sure to put the units in; volts‚ amps‚ etc.) 1.One coulomb of charge passes a point every 20 seconds. Calculate the value of the current through the point. I=Q/t = 1C/20s = .05C/s= .05 A x10^-3 C = 50mA 2.A total charge of 2.5 × 10-3 C passes a point every 40 seconds. Calculate the value of the current through the point. I=Q/t =0.0025C/40s= 6.25 C/s = 6.25 A 4.A total charge of 50 × 10-3 C passes a point
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Individual Summary Question One ACC-290 March 3rd 2014 Individual Summary Question One It is commonly known that most commercial and general accounting principles use accrual based accounting over cash based accounting. Accrual based accounting is more advanced than cash based accounting so that is why most accountants chose this over the latter. Cash based accounting is when revenues are recognized when cash is received and when expenses are recognized when cash is paid. Cash based accounting
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In the file ACC 290 Week 2 Learning Team Reflection you will find overview of the following parts: Learning Team Reflection Paper Four Basic Financial Statements Rules of Debit and Credit Journalizing Basic Transactions Use of Financial Statements to External Users Conclusion References Business - Accounting Discuss the objectives for Week One. How do they relate to the practice of accounting and its uses in business? Identify the four basic financial statements. Classify transactions
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Week 3 individual assignment Comprehensive problem 67 Ken is 63 years old and unmarried. He retired at age 55 when he sold his business‚ understock.com. Though Ken is retired‚ he is still very active. Ken reported the following financial information this year. Assume Ken’s modified adjusted gross income for purposes of the bond interest exclusion and for determining the taxability of his Social Security benefits is $70‚000 and that Ken files as a single taxpayer. Determine Ken’s 2009 gross
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will also learn how to determine the duration of the project‚ and the critical path. In this homework assignment‚ you will be working through four Activity In Box (AIB) problems. Using the activity‚ duration‚ and predecessor information given in this document‚ you should first construct a network for each "project." [Each problem will have its own network.] Once you have constructed the network‚ please answer the corresponding questions. Once you answer the questions‚ please post your responses
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ACC 290 Week 4 Discussion Questions and Responses www.paperscholar.com DIRECT LINK TO THIS STUDY GUIDE: http://www.paperscholar.com/acc-290-week-4-discussion-questions-and-responses/ Instantly Download! Get Better Grades in Less Time! 100% Satisfaction Guarantee DESCRIPTION FOR THIS STUDY GUIDE: All discussion questions and responses to other students are included for each week. Week 4: DQ 1: How would you calculate cost of goods sold? What items make up cost of goods sold? DQ 2:
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Financial Information ACC 305 Brenda Forde Financial Information It is important for every internal and external stakeholder in a company to understand if a company is being profitable or not. A company that is failing or not growing can often come from poor financial planning and analysis. The difference between failure and success come from analyzing financial information. Analyzing financial information such as balance sheet‚ income statement and cash flow statement companies can
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Current and Non-current Assets Amanda Johnson ACC 400 July 16‚ 2012 Rebel McClenney Current and Non-current Assets Every organization must account for the various activities happening daily. This includes everything from the office supplies employees’ daily‚ to the office supplies that stay and are used for years by employees. The basic or most generalized titles and items are included on the balance sheet
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ACC 205 WEEK 3 COMPLETE WORK to purchase this‚ visit here http://www.coursehomework.com/product/acc-205-week-3-complete-work/ ACC 205 WEEK 3 COMPLETE WORK ASSIGNMENT: ACC 205 Week Three Exercise Solution 1. Specific identification method: 2. Inventory valuation methods: 3. Perpetual inventory system: 4. Inventory valuation methods: 5. Depreciation methods: 6. Depreciation computations: 7. Depreciation computations: ACC205_Week_Three_Exercise_Assignment: Inventory 1. Specific identification method
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