The age of electronics and more precisely‚ computers‚ has caused a huge impact on the way we do business today. Just 15 years ago‚ innovations such as the FAX machine‚ and the Personal Computer(PC) were top-of-the-line and were considered to be cutting edge. The growth and innovations of the computer brought along with it many aspects of the business world. Today‚ many business people would not be able to function effortlessly without computers. Communication is an example of one of these business
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note payable for $4‚500. 4. The business purchased supplies for $850 cash. 5. The business billed its clients a total of $4‚000 for design services rendered. 6. The business collected $3‚000 on account from one of its clients. What is the total amount of assets after all the above transactions have been completed? Answer: $14‚800 2. An adjusting entry that debits Accounts receivable is an example of a(n): Answer: accrued revenue. 3. Which of the following is NOT an
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Essay question; why has strike activity increased recently compared with the past? Reasons of Latest Strike Actions Strike can be defined as work stoppage that means concerted refusal or employees to do work that their employer has assigned to them so as to force the employer to grant certain demanded concessions such as‚ increased wages or improved employment condition1 but‚ work stoppage is generally undesirable option for both employees and employers. The reasons for that employee are not
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(normally the Consumer Price Index or the GDP deflator) over time. [1] Inflation has a range of impact on the economy and social-economic factors‚ such as employment‚ consumption‚ investment‚ wages and prices. In this essay‚ let’s focus on the impact on wealth gap. Today‚ almost all countries have central bank‚ which is responsible of printing their own countries’ currency‚ in other words‚ each country has their own currency system. The so-called inflation‚ from a technical sense‚ that is
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Generally Accepted Accounting Principles September 2‚ 2013 NUR/571 Generally accepted accounting principles (GAAP) is the term “used to describe the body of and requirements that shape the preparation of the four primary financial statements (Cleverley & Cameron‚ 2007).” These statements include the balance sheet‚ the statement of revenues and expenses‚ statement of cash flow‚ and statement in changes of net assets (Cleverley & Cameron‚ 2007). These statements track financial information and
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Step 1: Decide on questions for interview: 1. How early does your business start functioning? 2. What types of accounting practices does your business make use of? 3. What is your businesses annual budget? 4. Which wholesalers supply you with your stock? Or is it your own? 5. Are there any problems that you experience with the stock coming from your suppliers? 6. Why do you think it is of importance to have a good relationship with your supplier? 7. Is your business registered
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Criminal Justice In The Next 50 Years Jon Scott CRJ 201 Introduction to Criminal Justice Daniel Malvin 5 March 2011 This week are tasked to discuss three subject in criminal justice that will change in the next fifty years. I have chosen to discuss police technology in police vehicle‚ less-lethal weapons‚ and cybercrime. I’m going to discuss if what changes have already happened in the last several years and was is expected in the future. The question if these changes will be beneficial or
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Gay‚ Lesbian‚ Bisexual Employees Fear Disclosure of Sexual Orientation in the Workplace Vernessa F. Ducre Liberty University In partial fulfillment of the requirements of COUN502 Prof Gho August 20‚ 2010 Abstract The expectation of coming out in the workplace causes great fear of workplace bigotry‚ anxiety‚ loss of advancement opportunities; and a reduced amount of positive consideration by coworkers for lesbian‚ gay‚ or bisexual folks. Studies show that
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Chapter 10 Plant Assets‚ Natural Resources‚ and Intangibles QUESTIONS 1. A plant asset is tangible; it is used in the production or sale of other assets or services; and it has a useful life longer than one accounting period. 2. The cost of a plant asset includes all normal and reasonable expenditures necessary to get the asset in place and ready for its intended use. 3. Land is an asset with an unlimited life and‚ therefore‚ is not subject to depreciation. Land improvements have
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“Generally Accepted Accounting Principles (GAAP) is the methods‚ rules‚ practices and other procedures that have evolved to govern the preparation of financial statements” Justify the statement with suitable examples. Accounting is the language of business and it is used to communicate financial information. In order for that information to make sense‚ accounting is based on some fundamental concepts. Transactions are recorded in accounts‚ following certain fundamentals concepts and conventions
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