would read office supplies expense $100, and prepaid office supplies $100. You can also add the unexpired insurance they decide to pay it two payments but it is expense at one payment a month. The next category I will try to explain is converting liabilities to revenue. A
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other breweries. Pete’s and Boston Beer utilize contract brewing instead of investing in their own breweries like the other corporations and because of that, they have fewer assets. Since shareholder equity is the difference between assets and liabilities, fewer assets often mean lower equity. Since ROE is the ratio of profit over equity, lower equity means a higher ROE. Therefore, the high ROE from Pete’s and Boston Beer can be explained by their strategic approach of contract brewing. Observation
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Christina Selden Week 8 12-7 1. This grant has the characteristics of an exchange transaction rather than a contribution. It is not donor restricted and therefore would be reported in an unrestricted fund. 2014 No entry 2015 Research expenses (direct) 4 Cash (or accounts payable) 4 Grants and contracts receivable 6 Revenue from sponsored research 6 Cash 6 Grants and contracts receivable 6 2. 2014 Pledges receivable (from NSA)
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BIRLA INSTITUTE OF TECHNOLOGYA AND SCIENCE, PILANI Fundamentals of Finance and Accounting- ECON C211 Second Semester 2008-09 Comprehensive Examination Maximum Marks: 40 Duration: 3 Hours Date: 4/5/09 PART A Instructions for Part A: Answer all the
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financial budget Consider the following June actual ending balances and July 31, 2012, Budgeted amounts for Oleans.com: a. June 30 inventory balance, $17,750 b. July payments for inventory, $4,300 c. July payments of accounts payable and accrued liabilities, $8,200 d. June 30 accounts payable balance, $10,600 e. June 30 furniture and fixtures balance, $34,500; accumulated depreciation balance, $29,830 f. June 30 equity, $28,360 g. July depreciation expense, $900 h. Cost of goods sold, 50% of
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Business Plan Company Name : Quick and Dirty Auto Repair (QDAR) Register number : 001505332-W Company address: Taman Puncak jalil Bandar Putra Permai 43300 Seri Kembangan Selangor Directors: Muhammad Ikmal bin Mahzan Khairulnizam Bin Shamsudin Kamarulzaman Mohd Ariffin. Khairulnizam Phone Number: 03 89990334 ________________________________________ Legal Page Confidentiality Agreement The undersigned reader acknowledges that the
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examination and will conduct myself in an honest manner in regard to all aspects of this examination. PART 1 – MULTIPLE CHOICE 1. | Which of the following is not an advantage of the corporate form of business organization? | A) | No personal liability | B) | Easy to transfer ownership | C) | Favorable tax treatment | D) | Easy to raise funds | 2. | Which of the following is the most appropriate and modern definition of accounting? | A) | The information system that identifies, records
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long-term cash flow. This also helps to determine the accuracy of the Income Statement. Assets = Liabilities + Equity Corner Café was financed with $84,000 of assets in 2011. In 2012 the assets grew substantially to $355,500. The total Principle Interest payments for 2011 were $8000 and the total Principle Interest payments for 2012 were $137,500. Current Ratio = current assets / Current Liabilities. The Current ratio should be 1:1 or higher. This measures the current financial shape of Corner
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Questions 1 ?? Question 2 Four different non-management stake holder groups are likely to be taking relation to their interactions with a business: Tax authorities: they want to know that the company is giving taxes regularly or not. Customers: they are interested in wheather a company like nokia will continue to honor product warranties and support its product lines. Creditors: they use accounting information to evaluate the risks of granting credit or lending money. Labor unions : such as
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FINAL NOAH’S PET CARE BUSINESS PLAN. 1.0 Executive Summary 1 Chart: Highlights 2 1.1 Objectives 2 1.2 Mission 2 1.3 Keys to Success 2 2.0 Company Summary 3 2.1 Company Ownership 3 2.2 Start-up Summary 3 Chart: Start-up 4 Table: Start-up 4 Table: Start-up Funding 5 2.3 Company Locations and Facilities 5 3.0 Products and Services 5 3.1 Product and Service Description 6 3.2 Competitive Comparison 6 3.3 Sales Literature 7 3.4 Technology 7 3.5 Future Products and Services 7
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