sales (ADS) under the following conditions: 30% of customers pay on the 10th day 50% of customers pay on the 30th day 20% of customers pay on the 60th day 800,000 units sold per year @ $5 per unit = $4,000,000/360 Remember, since there are no balance sheets or operating statements, you will have to MANUALLY calculate the ACP. Just look at the numbers: 30% pay after 10 days + 50% pay after 30 days + 20% pay after 60 days. What’s the average? Voila! Also, for consistency, use 360 days = one year
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making foreign produced goods less attractive at home (Miles 1978, introduction 2). Supply-and-demand forces determine the exchange value of a currency in exchange markets which are fundamentally the result of the debit and credit items in the balance of payments (Gilbert 1979, 112). Historically, an issuing authority who certified the weight and purity of the precious metal published the early currencies--coins. A government in need of short on precious metal might abruptly lower the weight and purity
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income. Deferred Compensation: The deferred compensation account represents accruals and payments for specialized compensation agreements. For example, the future payments and accruals for highly compensated personnel, whose salary and bonus may be based on company performance, are typically captured here. As accruals for future compensation increase cash flow will also increase. Naturally, as payments are made cash flow decreases. Share-based Compensation Expense: Like depreciation, share-based
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User Guide AccountRight Plus 2011 AccountRight Standard 2011 MYOB Australia Pty Ltd Website: myob.com.au © MYOB Technology Pty Ltd 2011 All rights reserved. Writers Suchitra Govindarajan, Merrin Hughes, Claire Mahoney, Rachael Mullins, Kylie Nicholson, Steven Rao, Ron Tierney, John Wilson. Disclaimer Information supplied by the member companies of the MYOB group (whether in user documentation and other literature, video or audio material, training courses, websites, advice given by staff
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46 problems (Chapters 4, 5, 10, 11) Chapter 4 PROBLEMS (p. 129) 1. An ATM service fee of $2 is used by a person 100 times in a year. What would be the future value in 10 years (use a 4 percent rate) of the annual amount paid in ATM fees? $2,401.12 = $200 x 12.006 2. What might be a savings goal for a person who buys a five-year CD paying 4.67 percent instead of an 18-month savings certificate paying 3.29 percent? A person saving for a longer-term goal such as children’s education
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MTN for $1,000,000, payment due at delivery. Grupo would recognize $1,000,000 of revenue at delivery. (b) Grupo sells goods on account for Grifols for $800,000, payment due in 30 days. Grupo would recognize $800,000 at the point of sale. (c) Grupo sells goods to Magnus for $500,000, payment due in two installments: the first installment payable in 6 months and the second payment due 3 months later. Grupo would recognize revenue by discounting the payments using an imputed interest
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expense (33%) and general operating expense (20%) both increased from year 6 to year 7. These increases did not offset the increase in sales, but help contribute to having greater profits in year 7 than the prior year. Net income grows by 313%. The balance sheets also show a growth in assets, with total assets increasing by 2.9%. Liabilities grow slowly, only increasing by 1.2% which is indicator of positive growth for Competition Bikes, Inc. When review the income statement from year 7 to year
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for 151,000, with a down payment of 30,000. I took a loan for 121,000. The interest rate on the house was a fixed 5.75%. I am paying more on my loan, so I can pay it off in 20 years instead of 25. I am currently paying $211.13 in Escrow payments and $706.12 in principal and interest payments. My current loan balance is $112,242.47. I am going to explain how much money I will need to pay off my loan in 20 years instead of 25. I am currently paying $917.25 in monthly payments on my house. I would like
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statement of promise, submitted usually in response to a request for quotation by potential supplier, to supply the goods or services required by a buyer, at specified prices, and within a specified period. A quotation may also contain terms of sale and payment, and warranties. If the case of the requesting organisation does not wish to accept the price quotation of a certain good or service, it may decline it or request a new price quote as the quotation is the formal quote from the seller to the buyer
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logo. You will be directed to the login page: Enter your email/cell phone and pin number that was SMS’d or emailed to you upon registration to log onto the smrt! Wallet. How to use the smrt! Wallet Unit Number Account Name Account Balance Account Number Predictive Usage (This aims to predict your electricity usage based on your previous usage patterns, it also indicates when you will run out of money on your accout and when you will reach your target Rand usage if you configured
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