payment Lease expense 1,500 Cash 1,500 8) $49,800 Equipment payable Equipment 49,800 Equipment payable 49,800 9) $108,600 Bank deposits Cash 108,600 Parking revenue 3,300 Services revenue 105,300 10) $8,230 Inventory purchases (oil and grease) Inventory 8,230 Cash 8,230 11) $34,560 Payroll payments Payroll expense 34,560 Cash 34,560 12) $1700 Utilities payments Utilities expense 1,700
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and accessories from all over the world. The results of operations for the last quarter of 2011 are as follows: Sales AED 500,000 Cost of Sales 345,000 Gross Profit 155,000 Selling Expenses 55,000 General & Admin Expenses 20,000 Total Operating Expenses 75,000 Net Income AED 80,000 Additional Information: 1. Sales and Cost of Sales are expected to increase by 10 percent in each of the next two quarters 2. 80% of the sales are collected
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CHAPTER 6 BUDGETING [Problem 1] Zamboanga Company Production Budget For the Third Quarter, July-September, 200X | | [Problem 4]. a. JVC Company Budgeted Production and Direct Labor Costs For The First Quarter, January – March, 20B | | |
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received Dr. Investment Expense Account $15,000.00 Cr. Temporarily Restricted Donations $15,000.00 To record the donation received Dr. Cash Account $17,000.00 Cr. Temporarily Restricted Donations $17,000.00 To record the donation received as sales of shares Dr. Music Expenses
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CHAPTER 7 COVERAGE OF LEARNING OBJECTIVES | |FUNDA- | | |CASES, EXCEL, COLLAB. | | |MENTAL |CRITICAL THINKING | |& INTERNET EXERCISES | | |ASSIGN-MENT |EXERCISES AND EXERCISES| | | |
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Proposal for Design Controls of Outflows ACC/544 Proposal for Design Controls of Outflows The appropriate controls of outflows for a successful company are to access effectively risks mechanisms to identify opportunities or potential pitfalls. Risks assessments are necessary at various levels within an organization. Some frequently performed risks assessments include: Strategic risks assessments (relates to the organizations mission and strategic objectives). Operational
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‘ Sales controls : Objectives, process & difficulties * To ensure the achievement of sales and profit objectives * sales people sometimes pay inadequate attention as they are caught up in the maze of everyday activities - many related to individual sales personnel & customer problems – they neglect long term perspectives * To find out strengths and weaknesses, opportunities and threats to the organization. * To locate the defects and take corrective steps to improve
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RUNNING HEAD: Songdarts.com financial planning LVJCBC Group C Financial Planning and Projections Vanansio Samson & Benibo George MGMT 600 Professor Catherine Grogan Keller Graduate School of Management June 16, 2013 Start-up cost: 1. Songdart.com have raised $100,000 and seeking for additional $200,000 to start the online music business through the Boston Harbor Angel Investors, whose role in financing companies in Internet/Web services, medical devices
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C. | The year end will be June 30, using the accrual basis of accounting. | | In order to adopt a fiscal tax year on its first federal income tax return, a corporate taxpayer must | | A. | Maintain books and records and report income and expenses using that tax year. | | Which of the following organizations formed after 1997 can be classified as a partnership? | | A. | An insurance company. | B. | A tax-exempt organization. | C. | A real estate investment trust. | D. | None
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Assisnment PrintView Page of 12 I C*N,WL awar0: 4 t . 10 points priceof purchased with an invoice taos Company merchandise resalefrom TusconCompany for Taospaidwithin the n160. merchandise costTuscon The had and termsof 2110, $14,322. $21,000 credit period. inventory system. Assume bothbuyer seller a perpetual that and use discount (Omit the "$" sign in your l(a)Prepare entriesthat the buyershouldrecordfor the purchase. response.) General Journal Merchandise inventory payable lAccounts
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