central location. This will be favorable to all of the other satellite offices, making them effortlessly accessed by the administrators who will be attending the training classes. Training will be located on the Central Office site, to reduce training expenses. The training will be split over 2 days, each having one, 5 hour training time. POTENTIAL STAKEHOLDERS: The possible stakeholders include the people in the financial division and committee members of the head office, the advertising division
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Table of contents Executive summary 3 Introduction 4 Differences between projected and actual income statement 4 Consequences 4 Recommendations 5 Appendix 1 6 Executive summary It has come to my attention that a mistake was made in our projected income statement of this month considering our breakeven point. Therefore I’m made this report to underline the importance of a good projected income statement. I’ve stated the problem analyses and the consequences of this error. Also I’ve
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Yue Co | Land | 154,665 | | | Land improvements | 55,440 | | | Building | 162,030 | | | Closing costs | 19,600 | | | Cash | | 387,850 | | | | | 3. Fineses Co | Depreciation (1 year) = 13,250 | | | | Depreciation expense | 59,625 | | | Accummulated depreciation | | 59,625 | | | | | 4. | Cash | 35,000 | | | Accummulated depreciation | 59,625 | | | Gain on sale | | 1,875 | | Machine (original cost) | | 92,750 | | | | | 5. |
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ASSUMPTIONS Perfect Plastics, Inc. will manufacture utensil under contract for $0.60 per unit. $10,500 is due in August on the production mould. Monthly administrative expenses total $3,750 once production has started. Perfect Plastics would not begin production without a 50% deposit and the remainder is due before any units would be released for sale. Using the single-cavity mould, monthly production capacity is about 40,000 units. Ken wishes to maintain a minimum of 10,000 units inventory;
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principles as well as specific accounting rules is the a. Securities and Exchange Commission. b. Internal Revenue Service. c. Financial Accounting Standards Board. X d. Corporate Board of Directors. 2. An increase in an expense a. increases revenues. b. increases assets. c. decreases liabilities. d. decreases stockholders’ equity. X 3. A company with total stockholders’ equity of $85,000 paid a $10,000 business debt. As a result of this
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This report analysis the feasibility analysis of Gourmet Gadgets for producing and marketing a new invention, pasta server. Gourmet Gadget Inc. is a startup that seeks a venture capitalist for additional funding to start its operations. We have constructed a complete master budgeting system for the company, starting from sales budget to projected balance sheet. We have found that the company will need $85,000 for smooth functioning including expansion of production facility. Based on the above mentioned
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1. | Question : | (TCO A) The Financial Accounting Standards Board employs a "due process" system, which | | | Student Answer: | | has all CPAs in the United States vote on a new statement. | | | | enables interested parties to express their views on issues under consideration. | | | | identifies the accounting issues that are the most important. | | | | requires that all accountants receive a copy of financial standards. | | Instructor Explanation: | General Feedback:
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Accounting 3000 Midterm I Prof. J Bertomeu Name: __________________________________ Student ID Number: ___________ Please write your NAME and STUDENT ID number on both the EXAM and the Answer Sheet. For your Student ID Number, use your Baruch login name, e.g., cm222222. It’s always 2 letters (usually your initials) followed by 6 numbers. This exam contains 15 multiple choice questions and 2 problems. The exam has XX pages, including this cover page. Please check to make sure
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May 27 Raw Materials Purchases 750 Accounts Payable—TLM Co. 750 Purchase materials from TLM Click Here The entry to record payroll would include an increase (debit) to direct labor instead of wages expense and an increase (credit) to the withholding liability account and wages payable. To record $1,000 wages for T. Kaschalk, the entry would be: General Journal Date Account and Title Description Ref. Debit Credit 20X0
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Netflix Netflix is a retailer of movie rental services. The company offers an internet subscription service for enjoying TV shows and movies, where subscribers can instantly watch unlimited TV shows and movies streamed over the internet to their TV, computers and mobile devices. It offers more than 10,000 DVDs and Blu-ray titles to its subscribers. Netflix also operates a separate library of over 12,000 titles of movies that can be watched instantly on subscriber’s TV through a Netflix ready device
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