five years. At the end of the most recent fiscal year‚ November 30‚ 2011‚ the accounting records reflected total assets of $500‚000 and total liabilities of $200‚000. During the current fiscal year ending November 30‚ 2012‚ the following summarized events occurred: a. Issued additional common shares for $200‚000. b. Borrowed $120‚000 cash from the bank and signed a 10-year promissory note. c. Built an addition on the factory for $200‚000 and paid cash to the contractor.
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for the transactions a. Company A paid $2‚500 cash to satisfy a previously recorded account payable. b. Mr A‚ one owner of the company withdrew $ 100 to pay to company X for his personal use. c. On December 3‚ the Matador Company paid $5‚400 cash in salaries to office personnel. d. On February 5‚ Textron Stores purchased a van that cost $35‚000‚ but not paid to the supplier. e. Company X bought $ 5000 inventories by cash. 3. Flora Accounting Services completed these transactions in February:
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“Cash for Clunkers” Tina Darling Econ 101 Cash for Clunkers The government tries to implement programs to assist individuals in living a better life. In 2009 a program called Cash for Clunkers or CARS (Consumer Assistance to Recycle and Save Act) was created to help get older cars off of the road. This program allowed individuals to voluntarily trade in and purchase vehicles under this act. This program helps consumers pay for a new‚ more fuel efficient vehicles from participating dealers when
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Cash Flows paper Cash flows are the flow of funds in and out of a company. The cash flows statement is one of four financials statements used by firms to report their financial position‚ including the balance sheet‚ income statement and statement of shareholders equity. The Cash flows statement is a statement that reports the flow of funds‚ the origin of the funds and how the funds are spent within a business. The cash flow statement can be recreated from information documented on the balance sheet
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Cash For Grades Cash for grades; does it really make a difference if one earns it for the good of their education or the good of their savings? Giving out cash for grades is a time old controversy. Some argue that it is a nice incentive for students to receive good grades. Others say it just takes away from the glory of receiving a good grade just because it’s a reward within itself. From yes’ to no’s can one honestly prove that giving cash for grades gets a person anywhere in life. What happens
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3. Describe from a “business” perspective was steps of the process you are performing. (Do NOT describe what ‘screens’ you used etc.) Make sure you describe: a. A likely role in the organization that would perform that step (e.g. Customer Service Rep) b. What would ‘trigger’ the activity? (E.g. What would cause the activity to start?) c. What activities rely on this activity to be completed? (E.g. which other activities in the process would rely on this activity being completed)
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Cash Control and Cash Budgets Budgeted Income Statement and Budgeted Balance Sheet What is a Budgeted Income Statement? An estimate of expected revenues and expenses for a business‚ over a specific time period i.e. 1 year‚ 1 month or a specific event. What is a Budgeted Balance Sheet? An estimate of a business ’s financial position (assets‚ liabilities and owners equity) which can be produced for both the start and end of a period of time (i.e. a year) or for a special event when preparing
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TEXT 1 CASH CROP In agriculture‚ a cash crop is a crop which is grown for profit. The term is used to differentiate from subsistence crops‚ which are those fed to the producer’s own livestock or grown as food for the producer’s family. In earlier times cash crops were usually only a small (but vital) part of a farm’s total yield‚ while today‚ especially in the developed countries‚ almost all crops are mainly grown for cash. In non-developed nations‚ cash crops are usually crops which attract
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Johnny Cash came from humble beginnings and overcome personal destruction to become an influential and successful artist. Johnny Cash was born on February 26‚ 1932 in Kingsland‚ Arkansas; he was one of seven children born to Ray and Carrie Cash. His family moved to Dyess‚ Arkansas when he was three‚ so that his father could farm. They bought a five bedroom house and farmed twenty acres of cotton and other crops. The son of Southern Baptist sharecroppers‚ Cash began playing guitar and writing songs
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family playing a role in my upbringing. We were taught to respect authority and if you did something wrong you would be held accountable for it. At my high school there was a zero tolerance policy which meant regardless of an act committed in school or out of school you would be held accountable. We had the local police stationed within the school which handled such matters. It was well known that if you did something wrong you would be going to “juvie” regardless of the severity. I noticed my junior
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