uncollectible. 9. Consider the following: Cash in Bank – checking account of $13,500, Cash on hand of $500, Post-dated checks received totaling $3,500, and Certificates of deposit totaling $124,000. How much should be reported as cash in the balance sheet? b. $ 14,000. 10. If a company purchases merchandise on terms of 1/10, n/30, the cash discount available is equivalent to what effective annual rate of interest (assuming a 360-day year)? C. 18% 11. AG Inc. made a $10,000 sale on account with
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MISSION The mission of Ch[pic]-karoke is to provide….. Quezon City-Regalado residents, students and with an ….. GOALS & OBJECTIVE ✓ To obtain necessary funding(Php.________ investment per partner) ✓ To operate a successful beverage store, specifically milk tea in Quezon City-Regalado, employing three to four employees in our first year. ✓ To be recognized and obtain a minimum of 200 regular customers in QC market for our first year of operation. ✓ To provide an
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As is mentioned in the “The CPA Journal”, “many studies suggest fraud is more likely to occur when someone has an incentive (pressure) to commit fraud, weak controls or oversight provide an opportunity for the person to commit fraud, and the person can rationalize the fraudulent behavior (attitude).” This is known as the fraud triangle. There are two types of fraud: fraudulent financial reporting and misappropriation of assets. For the first one, this kind of frauds came from the top management
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11 6.3 Promotional Strategy 12 7.0 Financials 13 7.1 Sales Forecast 13 7.2 Personnel Plan 14 7.3 Start-up Funding 14 7.4 Profit & Net Worth 16 7.5 Projected Profit and Loss 17 7.6 Projected Cash Flow 18 7.7 Projected Balance Sheet 19 1.0 Executive Summary ________ will be a full-service beauty salon. The business is being developed to consistently provide high customer satisfaction through unparalleled service, quality products, and furnishing a friendly atmosphere
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Acct # | Acct Title | W/P Ref | Last Years (Audited) | Current Years (Unaudited) | 10100 | Cash on Hand | | $1,987.28 | $2,275.23 | 10200 | Regular Checking Account | | $198,116.52 | $532,125.92 | 10300 | Payroll Checkiing Account | | | | 10400 | Savings Account | | $3,044,958.13 | $3,670,599.15 | 11000 | Accounts Receivable | | $16,410,902.71 | $49,780,259.98 | 11400 | Other Recievables | | | $1,000,000.00 | 11500 | Allowance for Doubt. Accts | | -$1,262,819.88 | -$1,254
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Latin America and Asia. Its primary line of business ready-to-eat food products both for retail and wholesale purposes. b) Common financial statements include the balance sheet, income statement, the statement of cash flows, and the statement of shareholders equity. General Mills renames them as consolidated balance sheet, consolidated income statement, consolidated statement of cash flows, and the consolidated statement of shareholders equity. Since General Mills has subsidiaries or separate
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Costco Wholesale Corporation: Annual Report 2012 Costco’s Annual Report 2012 opens with a description of the corporation’s history of ownership, its subsidiaries, and locations. It also identifies that the company is traded on the NASDAQ under the symbol “COST” (Costco Wholesale Corporation). At the very beginning of the Costco’s 2012 annual report, a financial highlights page which bar-charts depict its performance over five progressive years from 2008 to 2012 in the following categories: Warehouses
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Website: http://www.nikeinc.com” Financial Statements: The financial statements of any company consist of the following statements: • Income statement – A measure of how much company has earned from the operations in a given period of time • Balance Sheet – A measure of the financial position of the company at a specific date • Cash Flow Statement – A measure of cash generation or usage from operating, investing and financing activities during a specific period of time • Statement of changes in
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Generally Accepted Accounting Principles Deborah Gandy HCS571 June 3, 2013 Tamica Lewis Generally Accepted Accounting Principles To meet health care changes resulting from decreased reimbursement an aging population, and technology the nursing professions responsibilities morphed from the bedside to the board room. In the last two decades a substantial increase in nurses in
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prepare the balance statement, the income statement, the shareholders’ equity statement, and the cash flow statement. This paper will discuss the differences between each of these statements. Balance Sheet Shareholders’ equity, liabilities, and assets are items listed on the balance sheet. Assets are the items that the company owns that have value. Liabilities are debts that the company is obligated to pay. Shareholders’ equity is the net worth of the company. The balance sheet is an overview
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