elements of the Accounting Equation Assets Liabilities Stock Holders Equity a Received Cash from issuing stock Increase in stock holder equity and increase in asset of cash b Made cash sale Increase in Asset of cash c Received cash from issuance of long term debt Increase in Asset of cash and Decreased Liability by paying debt d Paid research and development expenses for the current year Paid off a liability and decreased the asset of cash e Purchased machinery
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several years. After reviewing both sheets I would go with the Melinda Garcia company because there were many factors in their favor that made it seem like the loan would be paid back easily. The company has assets of 244,000 and the total liabilities of 174,000 which included 70,000 of the owner’s equity. This company seems like a low-risk and low profit ventures and those are the kinds of loans that
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College of the Holy Spirit of Manila S.Y. 2010-2011 Feasibility study Submitted in Partial Fulfillment of the Requirements in Basic Accounting 101 Submitted by: Melissa May B. Alday, BSHRM2 Submitted to: Uniza Rustia Date Submitted: March 18, 2011, F I. BACKGROUND OF THE STUDY Accounting is important in business transactions because it provides qualitative and timely financial information
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rP os t 4381 DECEMBER 14, 2011 DAVID A. GARVIN SUNRU YONG Introduction op yo Bergerac Systems: The Challenge of Backward Integration In July 2010, Ian Wyckoff, CEO of Bergerac Systems, scribbled a few notes about his latest meeting with a group of veterinarians. These were his customers, and they provided direct feedback on their latest experiences with Bergerac’s diagnostic instruments for animal care. The feedback was always valuable, although on this visit it was not
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and the overall capital for the month was $204.14. The balance sheet is a financial statement that itemizes the assets, liabilities, and equity for the business for a certain period of time. The total assets was $223.02 (cash $206.75, supplies $16.27 and accounts receivable$ 36.97) and the liabilities $36.97(accounts payable) and the owner's equity $167.17, total of liabilities and owner's equity $204.14. The statement of cash flow is an itemized cash receipts and cash payment summary for a certain
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CHAPTER 14 – LONG-TERM LIABILITIES [pages 782-840`] LEARNING OBJECTIVES 1. Describe the formal procedures associated with issuing long-term debt. 2. Identify various types of bond issues. 3. Describe the accounting valuation for bonds at date of issuance. 4. Apply the methods of bond discount and premium amortization. 5. Describe the accounting for the extinguishment of non-current liabilities. 6. Explain the accounting for long-term notes payable. 7. Describe the accounting
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much profit was created with owners’ investmentsA smaller leverage # = owners’ own a greater portion of the assets | Current Ratio | Current Assets / Current Liabilities | Measure liquidity and reveal whether the firm can meet its debt for the coming year | Quick ratio/ Acid test | (Current Assets – Inventories) / Current Liabilities | (Current and Quick ratios measure ... ^^) | Debt to total Assets | Total Debt / Total Assets | Shows the degree of financial leverage | Ratios & Measure
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Implementation, Strategic Controls, and Contingency Plans Apple Inc. STR / 581 March 3, 2014 Professor Wallace Introduction Apple Inc. is a leading global retailer of computers, tablets, cell phones, and other entertainment items. Apple needs new growth methods, product development and be the leader in the mobile market. The implementation plan below will identify the course of action best suited for the corporation along with the implementation process, assessed risks and financial projections
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serious cash flow problem considereing that cash has decresed about 50% per year from 2006 through 2008. This can also be seen by the cash ratio which is a a very low .085 which means Strong Tie is on its way to barely covering its short term liabilities while the industry average stands at .5. Strong Tie has seen a stall in growth and revenue between 2006 and 2008 as well as in future years. Growth stands at a mere .61% for future years. Company Name: Strong Tie LTD. Location: Winnipeg
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1. A. Prepare the necessary entry to record Brookhaven’s February payroll. The entry will include deductions for the following. 02-28-xx Brookhaven Debit Credit Salary expense 50000 Social Security taxes Payable 2000 Medicare taxes payable 750 Federal income taxes payable 7500 State income taxes payable 2000 Insurance withholdings 500 B. Prepare the journal entry to record Brookhaven’s payroll tax expense. The entry will include the following Social Security
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