...31/12/2003. PTP SDN BHD PRE TRIAL BALANCE AS AT 31/12/2003 Transaction | Debit | Credit | Cash | 925,035,000 | | Debtor | 200,500,000 | | Quay Crane | 1,600,000,000 | | RTG | 1,250,700,000 | | Premise | 5,800,000 | | Inventories | 600,000 | | Creditors | | 16,780,000 | BPMB Loan | | 386,000,000 | EPF Loan | | 888,000,000 | Capital | | 2,300,000,000 | Service revenue | | 335,000,000 | Rental Revenue | | 125,000,000 | Admin Expenses | 20,000 | | Interest Expenses | 50,000,000 | | Salary | 12,500,000 | | Utility | - | | Cleaning Expenses | 25,000 | | Maintenance Expenses | 5,600,000 | | The following are the transaction for the year 2004: JAN 1 | Received service revenue from MSC amounting RM 148,000 | JAN 15 | Pay RM 5,000,000 to Bank Pembangunan Loan (BPMB Loan) | JAN 17 | Acquire 2 unit of Quay Crane from FAVCO (M) Sdn Bhd on cash amounting RM 2,500,000 | JAN 20 | Paid utilities expenses RM 20,000 and staff salaries RM 2,500,000 on cash | FEB 10 | Paid RM 7,600,800 for EPF Loan on cash | FEB 15 | Received payment from MAERSK (M) amounting RM 20,200,000 for service perform on Jan 13 | FEB 16 | Perform service to EVERGREEN (M) amounting RM 1,500,000 on credit | FEB 17 | Major shareholder of PTP Sdn Bhd withdraw RM 500,000,000 from the total capital invested | FEB 18 | Received full payment...
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...registerguard.com/jobs Job 1: Banking consumer loan underwriter At least two years’ experience in consumer lending and experience with consumer loan underwriting is preferred. Salary is between $42,937 and $61,922 based on experience. Responsibilities include reviewing and evaluating a high volume of loan applications, using strong, sound loan underwriting principles. Must have strong analytical skills, ability to read and analyze documents such as credit reports and tax documents and the ability make logical decisions based on loan policies and consumer loan underwriting is preferred. Job 2: Financial analyst to analyze financial results BS required/MBA, CPA or CMA a plus. Advanced Excel and experience in ERP system preferred, SAP and Hyperion desired. Salary is between $42,093 and 56,890 based on experience. Responsibilities are analyzing financial results, prepare budgets and forecasts (BS, IS, Cash Flow). Job 3: Pentagon Federal Credit union has several job postings as fallows; Mortgage Loan processor: Three years’ experience in residential mortgage lending or 1st trust mortgage or home equity processing /closing. Base salary is $32,199, and is responsible for reviewing information on residential mortgage loan applications, assemble complete documented file for submission to underwriting. Closer 1st trust: Requires two years related experience in mortgage lending, good math skills and must be detail orientated. Base salary is $32,199, performs final preparation and audit...
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...debt of $28,950. Starting from 1999, student debt has been increasing and is over 500% from then. Even though the average salaries for young people have not. In fact, since 2000, the average salary for young people has decreased to 10% over the years. College is a bad decision because it increases stress, increases debt, and a number of students are unemployed or underemployed. Surveys show that college students are stressed over their academic responsibilities. The Spring 2013 edition of the National College Health Assessment, where the average age of those...
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...1 of 20 As the bookkeeper to which side of the appropriate ledger account would you post a receipt of an amount as a loan already recorded in the Cash account? | Debit | | Credit | 0 out of 1 Incorrect. A debit to cash means a credit elsewhere. Question 3 of 20 ItsaMadWorld plc has a financial year end at 31 March 2008. Rates expenses are paid annually in arrears. The dates payments are made are 30 September 2008, £1,200 and 30 September 2009, £1,440. The following profit and loss charge will be shown in its accounts at 31 March 2009: | Expense £1,300 | | Expense £1,320 | | Expense £1,340 | | Expense £1,440 | 0 out of 1 Incorrect. Correct answer is 1,320 = (6/12x1,200) + (6/12x1,440) Question 4 of 20 The recognition that an organisation is distinct from its owners is a fair description of which concept? | duality | | separate valuation | | business entity | | objectivity | 0 out of 1 Your answer is incorrect. The correct answer is business entity Question 6 of 20 A firm's trial balance.... | shows its financial position. | | establishes whether its accounting records are correct. | | lists all of the entries in its double-entry accounting records. | | is a list of all the balances brought down in its double-entry accounting records. | 0 out of 1 Your answer is incorrect. The correct answer is a trial balance shows a list of all the balances brought down in its double-entry accounting...
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...well as a few other sources to complete the assignment. For reference, this financial plan will assume a January 2014 start date as I plan to graduate in December 2013. I will graduate Pitt with a bachelors in Finance and would like to further myself within the company or explore entry-level opportunities in the financial industry, preferably in risk management. The tricky situation I find myself in will be salary, as I make a decent wage with the company I work for and with a baby on the way, a decrease in salary is out of the question. My hope is that I can find a new position within the company or use my experience from the last 11 years and gain a higher entry level salary than someone who is fresh out of college with no professional working experience. Part of the plan my wife and I have was to look at ways to lower our monthly payments anywhere we could. I will highlight some of the areas where we have already done so. I. One-Year Plan a. Annual Salary i. $55,000/year 1. Based on actual wages earned from current salary. ii. After tax income of roughly $44,000 2. Monthly Income approximately $3400 b. Monthly...
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...Mortgage Karen Williamson Strayer University Professor Kahilita D. Miller BUS 520 Leadership and Organization December 7, 2009 Abstract John Mangels and Steve Walsh had built Scout Mortgage in Scottsdale, Arizona. Scout Mortgage industry has been booming with the best loan officers with great commission. As the industry kept growing there has been a major change had to occur with their loan officer. Scout Mortgage loan officers had to change from commission to salary staff. Scout Mortgage doesn’t have commissioned loan officers any more in the industry. In the mortgage industry, a high majority of loan officers are commissioned. Some of these commissioned loan officers earn a percentage of the loan amount so they will make more money if you sign with a higher interest rate or commission. At Scout Mortgage, they only have salaried loan officers who are dedicated to getting you the best possible rate. Scout Mortgage guarantee that they will find you the lowest rates and lowest costs. The nature of Scout Mortgage includes technology, global market and social network. Scout Mortgage employees tend to typically react to change negatively especially when it requires a decrease in their salary and the lost of commission which directly affects their employees life style. Scout Mortgage focus on having a low rate to gain market share to profitable the best decision. In the process of Walsh and Mangels making the changes in their company they implement the best model...
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...Liabilities and Shareholder’s equity Current liabilities Salary payable 32,000 Interest payable 900 Long term liabilities Bank loan 10,000 Loan from Sloane’s wife 80,000 Shareholder’s Equity Share capital 20,000 We have to emphasize on the loans and the deposit that they, Sloane and Eanols, each invested in the company. Ratio: Debt-equity ratio: 90,000/20,000= 4.5 This high debt-equity ratio means that their company has an aggressive approach to financing their operation growth. Disclosures: • There are already five contracts each worth $ 6’000 for our Inter Act program that have to be delivered by March 31, 2010 • Salary will go up for Alan and John by $3,000 each starting 2010 • There is a very positive potential growth in the company because they have 400 firms that are interested in their product. • Statistically, there are more small firms in the Canadian market, therefore they will more likely to buy a software for the computer than to afford a computer department. Further information: • They have a lot of experience because they have been in this profession for over 10 years in the software giant IBM, and also they have spent many years in the development of Inter Act software. • They are planning to increase their working capital in the next year, so for sure they intend to be around for a long time. • Have to indicate the interest and the due date of the loan from Sloane’s wife and the bank. • They have to...
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...10 Areas For Improvement and Recommendations 1. The calculation in appraisal - The appraisal of the staff is include the level of Branch achieved for the years. However, the target of the branch is very high and very hard to achieved. As such, there will affect the performance of individual or staff performance every years. 2. Low salary for the new staff - The salary given by management for the new clerk is lower compare with the others industries. However, the management will have a fixed increasement for every year. However, there is an attractive remuneration package and a wide range of benefits which amongst others include medical, insurance coverage, staff housing loan at 0 - 2 % interest rate depending on loan quantum, staff car loan at 2.5 % interest rate and opportunities for development of potential awaits successful candidates. Fresh graduates will be paid a basic salary of not less than RM2,800 per month. 3. No punch card system - There is no punch card machine in the Branch. The Branch are using the record book as a record of the staff attendance. There is a advantage for the staff can lie the management when they are late. 4. Overtime claim - There is a problem in overtime claim when the branch are no system to control it. The staff may be over claim the overtime in view that they are no system to control. The staff only record the overtime claim in a record book and the record will sign by the head of department and the manager. 5. The specs...
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... | | | |Jan. 1 |1 |Cash (A) |250,000 | | | | |Share Capital (SE) | |250,000 | | | |Issuance of 10,000 shares for cash. | | | |Jan. 2 |2 |Cash (A) | 50,000 | | | | |Bank Loan(L) | |50,000 | | | |Loan from bank. | | | |Jan. 3 |3 |Land (A) | 60,000 | | | | |Building (A) |140,000 | | | | |Cash (A) | |200,000 | | | |Purchase of land and Building for cash. | |...
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...FINANCE PROJECT Pre-AP Precalculus Part 1: College And Career Choices A. Desired Career (explain why you chose this career): |My desired career is to be an elementary school teacher. I chose this career because that is what my sister is going to college for and it seems very | |interesting. I want to get to interact with young kids as well as teaching them. | B. Degree(s) and College Major Required: |Get a 4 year bachelor’s degree. Major in elementary education, specialize in math. | C. Preferred College or University: |Stephen F. Austin | D. Cost for 1st 4 years of College: Cost for additional years of required schooling: E. Annuity Option: Use the correct annuity formula. Show work (substituting correct values for the variables). | | |50000=R [ (1+.00666…)^216 -1 / .00666…] | |50000=R(480.09) ...
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...Introduction Hiring / Recruitment process and policies implemented within any organization is every important factor as far as the ultimate success of the organization is concerned. Implementation of recruitment policy & procedures within any organization is very important for long term Employee retention and satisfaction. Good HR polices within any organization gives many benefits such as; a. In time availability of competent human resource. b. Attracting competent human resource within or outside the organization. c. Tracking of recruitment process. Main emphasis of the project is to highlight and to find out the HR policies / practices being followed within the bank and the good practices for Employee retention being used in industry as a whole. Following traits will be analyzed within the target Bank; a. Over-all job satisfaction level b. Evaluation system c. Training and work load d. Supervisor behavior e. reprimands and discussion sessions f. Achievements are Acknowledge and rewarded or not. g. Quality and service standards h. Over-all quality evaluation gives a high standard of the organization Askari Bank aims to be organized for consistently providing service quality to its customers. Customers have expectations or standards for quality delivery of service and they constantly assess the bank against other competitors. For service performance to be...
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...10,000 4) Advertising Expense 2,500 Prepaid Advertising 2,500 5) Salaries and Wages Expense 3,500 Salaries and Wages Payable 3,500 Analysis: Revenues Ticket Revenues $360,000 Expenses Salaries and Wages 67,600 Advertising 18,680 Interest 1,400 87,680 Net Income before Adjustments $272,320 Revenues Ticket Revenues $360,000 Expenses Salaries and Wages 71,100 Advertising 21,180 Interest 9,650 101,930 Net Income after Adjustments $258,070 Amato’s bankers should wait for Amato to adjust their accounts before deciding on the loan renewal for a couple of reasons. If Amato were to show the bankers their pre-adjusted revenues, expenses, and net income, the expenses would be understated by about $14,250, making their net income seem higher than it actually should be. If Amato adjusted their accounts and properly showed all revenues and expenses, their net income would be accurately reported. The bank could then make a better and more feasible decision on whether or not to renew the loan and how much the loan should be. If they had not waited for the adjusted net income, they could have decided to go ahead with the loan renewal since they saw such low expenses and high enough net income to be able to handle a bigger loan. This could have caused issues when it came to Amato actually having the money to repay the loan and not default. Principle: Although Amato's bankers are willing to wait...
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...Government revenues include five chapters: 1. Taxes. 2. Grants. 3. Other revenues. 4. Collected money of financial assets sales. 5. Borrowing. 2 Government expenditures include five chapters: 1. Wages & salaries and compensations for workers. 2. Goods & services. 3. Interests. 4. Subsidies, grants & social / Advantages. 5. Other expenses. 6. Investments. 7. Purchases from financial assets. 8. Repayments of loans. 3 Government Expenditures Economical Criterion Functional Criterion Includes eight chapters 4 State Budget “ Is a financial plan that includes the expected G Revenue and expected G Expenditure for the next fiscal year, used to achieve society's targets, economic growth, social Equity, … etc. ” G Expenditure Ch.1 Wages & salaries Ch.2 Purchases of good service Ch.3 Interests Ch.4 Subsidies & Social benefits Ch.5 Others Spending Ch.6 Investments Ch.7. Purchases of financial Assets Ch.8. Repayments of loans 5 Values G Revenue Ch.1 Taxes Ch.2 Grants Ch.3 Others Revenue Ch.4 Collected money from selling financal Assets Ch.5 Public Borrowing Proposed State Budget 1) Wages and salaries: 172 Billions L.E Increased by 20.7% from the adjusted budget [143 ---- 172 Billions L.E] Average weight is estimated by 25% of the total expenses. 2) Interests are estimated by 182 B.L.E Increased by 31% from the adjusted budget. [138.6 ---- 182 Billions L.E] Average weight is estimated approximately by 26% of the total expenses. 3)...
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...finance for the widest range of utility vehicles, tractors, cars, two wheeler and other commercial vehicles, focusing on the semi-urban and rural sector. Hinduja Leyland Finance is a conglomerate of "HINDUJA GROUP" which has global presence in Automobiles, Energy & Chemicals, IT/ITES, Banking and Finance, Media/Entertainment and Infrastructure. HLF’s goal is to be a one stop shop in the space of vehicle and equipment finance. 1.2 Motivation for study HLF is currently operating its two-wheeler loan business only at select locations in West Bengal and wants to expand its business to other locations of West Bengal .Thus a market research of the various finance companies and the type of products offered by them was necessary. So a questionnaire was prepared and multiple touch points of HERO, HONDA & SUZUKI were visited and required data was recorded and the most viable touch points where the company can start operating could be suggested. 1.3 TWO WHEELERS LOANS INDIA The surging growth of the two wheeler industry in India has been influencing several new entrants to start manufacturing newer version of automobiles. In the last fiscal, the two wheeler industry in the country has seen a remarkable 9.5% growth against the previous year. A total of 16 million units of the automobiles were produced in India in the last financial year. Leading two wheeler manufacturers like Bajaj Auto, Hero Honda, TVS Motor, Yamaha Motor are continuously innovating and coming up with...
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...the LIFE Tiles LIFE-side-up near the gameboard and mix them up. Draw 4 tiles and, without looking at the message on the back, stack them LIFE-side-up at Millionaire Estates. The remaining tiles form the draw pile. Always move your car forward, in the direction of the arrows. (Just as in real life, you can’ go back in time!) If you t land on an occupied space, move ahead to the next open space. Follow the space directions. This ends your turn. CARDS Your first turn is an exception. See GETTING STARTED. Separate the cards into 4 decks: Career Cards, Salary Cards, House Deeds and Stocks. Place each deck facedown near the gameboard. GETTING STARTED On your first turn, decide either to start a career, or to start college. INSURANCE POLICIES & BANK LOANS College offers more career and salary options, but it takes time-and it puts you in debt! Separate the Automobile Insurance Policies, Homeowner’ Insurance s Policies and Bank Loans. Place each pile near the gameboard. START CAREER If you decide to start a career, place your car on the S A T CAREER TR space, then do the folIowing: MONEY Choose one player to be the banker. This player is in charge of all money paid to and from the bank. Draw a Career...
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