Chapter 3 Problem 3 Operating Activities: Net Income $5‚560 Depreciation $4‚268 Change in Working Capital $1‚397 Cash from Operating Activities $11‚225 Investing Activities: Increased in Fixed Assets ($6‚068) Cash from Investing Activities ($6‚068) Financing Activities: Decrease in Debt ($7‚655) Dividends Paid ($2‚900) New Stock Sold $4‚800 Cash from Financing Activities ($5‚755) Net Cash Flow ($598) Beginning Cash Flow $3‚245 Net Cash Flow ($598) Ending Cash $2‚647 Problem
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Week 3 DQ Organization is a social unit of people that is structured and managed to meet a need or to pursue collective goals. (Businessdictionary.com) Organization as a structure distributes responsibilities among the members of the company (child 2005‚ p.6). By allocating people and recourses to the necessary tasks and designating responsibilities‚ the organization contributes to the successful implementations of its goals. While organization as a process focus more closely on behaviors
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Record the letter next to the number. 1. _____ Fetherston Company’s goods in transit at December 31 include: sales made purchases made (1) FOB destination (3) FOB destination (2) FOB shipping point (4) FOB shipping point Which items should be included in Fetherston’s inventory at December 31? a. (2) and (3) b. (1) and (4) c. (1) and (3) d. (2) and (4) 2. _____ Cost of goods sold is computed from the following equation: a. beginning inventory – cost of goods purchased + ending inventory.
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University of Phoenix Name XACC/280 Week four checkpoint Date Checkpoint: Besides the general journal‚ there are four different special journals; the Sales Journal‚ the Cash Receipts Journal‚ the Purchases Journal‚ and the Cash Journal. The Sales Journal records all sales of merchandise on account‚ cash and credit sales not included. The advantage of the sales journal is that it is time saving and easy because not every transaction has to be singled out‚ total can be reported instead
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Option: 3‚ Personal Reflection I want to write about an event happened to me during the middle of last semester. It was about the Epidemiology midterm exam. A lot of students apparently did not perform well on that exam‚ so the professor decided to curve the grades and proposed to make the midterm exam worth less. Originally‚ the midterm exam and final exam were both worth 40% of the final grade‚ and the online modules were worth 20% of the final grade‚ according to the syllabus. However‚ the instructors
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6. Durrant Manufacturers‚ Inc. spent $8 million on plant expansion‚ $1.5 million on new capital equipment‚ and $0.5 million on replacement capital in 1980. At the beginning of 1980‚ Durrant had $2.5 million of goods in its inventory; at the beginning of 1981‚ they had $1.5 million in their inventory‚ with sales during the year running $20 million. During 1980‚ their gross investment expenditures were: a. $9.0 million. c. $8.0 million. b. $9.5 million. d. $10 million. 7. Which of the following
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Personal Reflection: Ngai Tsz Chung 30222738 In this project‚ I totally got my fault and feelings of powerless. As we are the first present groups in this subject‚ we did not have a good sample and some guidelines to follow. After many times of the modification of the PowerPoint‚ we still had some mistakes. Besides‚ we got many of the sources on this topic. Unfortunately‚ we can’t fully use the resources and used them in the best way. For example‚ I read a paper written by Wong Hung about the concept
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Week 3 DQ 1: Due Day 2 Please post a 150-300-word response to the following discussion question by clicking on Reply. What is the difference between cash basis and accrual basis accounting? Why do accrual basis financial statements provide more useful information than cash basis financial statements? Describe when each method (cash basis and accrual basis accounting) would be appropriate to use. * Cash basis accounting recognizes revenues when cash is received and records expenses
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Ratio‚ Vertical‚ and Horizontal Analyses Regina Stewart XACC/280 February 3‚ 2012 Jose Rodriguez Ratio‚ Vertical‚ and Horizontal Analyses A detailed examination of the tools used in financial analysis‚ in addition to their various functions‚ is provided within this paper. The current ratio and calculations on the questions are provided herein. A variety of tools are used to assess the importance of financial data. Frequently used tools of financial statement analysis consist of horizontal
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This work of XACC 280 Week 5 Discussion Question 1 contains: What are reversing entries and why are they required? What would happen if reversing entries were not made? What transactions might require reversing entries? What transactions might not require reversing entries? Business - Accounting ACC 280 Week 1 Individual Assignment Financial Statements Paper ACC 280 Week 2 Individual Assignment Ch. 1‚ 2‚ 7 Textbook Exercises ACC 280 Week 2 Learning Team Assignment
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