Best Average Worst 1.4 1.4 0.0 % 4.6 2.6 1.5 The current ratio for Macy’s remained the same from 2010 to 2011 at 1.4. This is the same because there was 27.2% increase in total current assets and a 25.5% increase in total current liabilities. At
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analysis, show the effect of each transaction on the accounting equation. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 3-3 for example.) Assets Accounts Receivable $ = + Equipment = Liabilities Accounts Payable $ 30,000 + + Stockholders’ Equity Common + Retained Earnings Stock Revenues–Expenses $ $ $ -4,000 -12
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| | Course: الرقابة الإدارية | | | Duration: 120 minutes | Faculty of Economic Scienceand Business AdministrationSetion1 | | | Final exams – First semester - Academic year 2012-2013Master Professional (M2) | Question 1 Management is often faced with the alternative of continuing to make a product or component internally, or go to an external source and purchase the product or component. In gathering relevant information for these two alternatives, briefly identify the quantitative
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accounts used for recording transactions. Debit- The accounting term that means an entry will be made on the left side of an account. Credit- To enter an amount on the right side of an account. Normal entries to revenue accounts are credits. Liabilities normally have credit balances. Account balance- the remaining amount owed after bills are paid out. Trial balance- A listing of the accounts in the general ledger along with each account's balance in the appropriate debit or credit column
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[pic] 31st August 2010, To, SK. Saifur Rahman, Lecturer, Department of management, Bangladesh University of Business & Technology (BUBT). Subject: Project proposal on call centre. Dear Sir This is a great pleasure for us to submit this successful Project proposal on “call centre” upon. We have tried our level best to find out the, Contribution and performance of “call centre” in Bangladesh. We would feel really great if these data are of any
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Debt – 60,000 Inv – 90,000 Common Stock – 52,500 F/A – 138,000 R/E – 97,500 T/A – 300,000 Total Liabilities – 150,000 Sales – 450,000 Costs of Goods – 337,500 Total liabilities and Equity – 300,000 Assets Turnover= revenue/ total assets= 300,000 * 1.5 = 450,000 Debt ratio = total liabilities / total assets = 300,000 * .50 = 150,000 Accounts payable = total liabilities- long term debt= 150,000- 60,000 = 90,000 Days sales outstanding = 36.5 days Accounts receivable = 10% sales=
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ABC Company ACC 206 Principles of Accounting II The ABC Company is a manufacturing firm that specializes in making cedar roofing and siding shingles, introducing the new project to build cedar dollhouses by shingle scrap materials for reaching $3 million annual sales within the next 3 years. Explain the overall risk profile of the ABC Company based on current economic and industry issues. In order to help out the CEO I prepare reports that will contain the information regarding
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Assignment-2- You Are an Entrepreneur You Are an Entrepreneur Robert Crowder ACC 557/Financial Accounting Professor Levi A. Beckwith, CPA August 13, 2013 Abstract This paper discusses the process of how an individual can become an entrepreneur and experience wealth of his or her own as a business owner. It also explains the guidelines of what a person must do to achieve the goals that he or she has set before themselves. Also included in the paper will be topics on (GAAP) Generally
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University of the Philippines Application for Financial Assistance under the Socialized Tuition and Financial Assistance Program (STFAP) Alphabetic Bracketing Scheme UP STFAP Form AB-1 Version 1.06 03/09 This form may be photocopied or downloaded from the U.P. STFAP website: http://stfap.up.edu.ph. Printed forms are available for a nominal amount. To qualify for financial assistance, the student must: 1. Be a Filipino citizen. 2. Be a bona fide undergraduate student. Except for Law or Medicine
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Check point 2 There are three basic elements to an accounting equation and they are Assets, Liabilities, and Owners Equity. You simply need to remember A=L+OE (ALOE) for short. The first element is Assets and they are all the things that basically make up the business. The text reads that assets may include the following cash, property, plant, and equipment. The next element is Liabilities and liabilities are when you borrow money (loan), when you get something financed for example the purchase of
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