of your project‚ and for all financial reporting. If you are obliged to submit an interim report according to your grant contract‚ use this template for interim reporting. After your interim report has been approved by ACP‚ continue inserting expenses in the same–approved–financial chart until the end of the project. The Financial Report Template consists of four parts: 1. Guidelines 2. Grantee Information Sheet 3. Summary Template 4. Grant Details Templates (subdivided into
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CASE #12 The Competitive Environment in the 18-22-Year-Old-Apparel-Market Difference in A&F΄s and AE΄s retail strategies To start with‚ both A&F and AE share the same target market and offer similar merchandise. However‚ there are some differences in their retailer strategies that make this fashion stores stay competitive. Both retailers target mostly teenagers‚ and offer casual wear for young men‚ women and kids accompanied with accessories‚ outerwear‚ footwear and sweaters... As a difference
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$15‚000 of water expense to the owners as agreed. Dava holdback the money because they claim that the owners should reimburse the developer the hydro expenses paid on the common area before the common accounts were handed over to the strata corporations. e. Share of water and sewer expenses – The property manager reported that EPS1808 Building F has reimbursed the other 2 strata corporations on its share of water and sewer consumption billed by the City. The sharing of the expenses is calculated in
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Year Ended December 31‚ 2009 | Sales revenue | | $360‚000 | Less: Operating expenses | | | Salaries | 180‚000 | | Employment taxes and benefits | 34‚600 | | Supplies | 10‚400 | | Travel & entertainment | 17‚000 | | Lease payment | 32‚400 | | Depreciation expense | 15‚600 | | Total operating expense | | 290‚000 | Operating profits | | $ 70‚000 | Less: Interest expense | | 15‚000 | Net profits before taxes | | $ 55‚000 | Less: Taxes (30%)
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accounts that results in a better matching of expenses with revenues is the a. aging accounts receivable method b. direct write-off method c. percentage of receivables method d. percentage of sales method 2. Using the percentages of receivables method for recording bad debts expense‚ estimated uncollectible accounts are $25‚000. If the balance of the Allowance for Doubtful Accounts is $8‚000 debit before adjustment‚ what is the amount of bad debts expense for that period? a. $25‚000 b. $8‚000
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accounts section in General Ledger. E.g. Rent expense‚ stationary‚ electricity‚ wages‚ etc. Answer: -uniforms to sell -refreshments to sell -electricity -water -rent expense -salaries/wages -stationary Question Three: Answer: • Membership Fees: –also known as subscriptions. -usually most important income (revenue) to a club‚ major portion. -together with additional income‚ cover expenses. -fixed amount. -paid by members of club
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at a "bargain price" at the end of the lease term‚ the present value of the lease payments‚ discounted at an appropriate discount rate‚ is less than or equal to 90% of the fair market value of the asset (Stickney 479). Starbuck’s total rental expense for fiscal year 2009 was $714.7 million. Starbucks also provides an estimate for minimum future rental payment for non-cancelable operating leases of $4‚389.2 million. By comparison‚ capital lease obligations were $7.8 million for fiscal year 2009
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money from a bank. Selling stock. Paying off a loan. MC Qu. 117 Net Income: Net Income: Decreases equity. Represents the amount of assets owners put into a business. Equals assets minus liabilities. Is the excess of revenues over expenses. Represents owners’ claims against assets. MC Qu. 150 The statement of cash flows reports all of t... The statement of cash flows reports all of the following except: Cash flows from operating activities. Cash flows from investing activities
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company that sells books‚ is in an expansion period and the management has decided to carry out a Management Control to find improvement opportunities. One of the areas to review is the efficiency of the sales department‚ which includes the selling expense control. The controller has collected the following information: Activities and lines of product Books are sold on a door to door basis by the personnel in the selling department. Once the orders are placed‚ they are sent to the dispatch department
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the cash flow statement; operating activities‚ investing activities and finance activities. Operating activities provides the net cash from operating expenses based on the indirect or direct method. Indirect starts with net income and adjust for all non-cash income or expenses. The direct method starts with revenue and adds or subtracts cash expenses. Investing activities section reveals the cash spent on firm investments or cash acquired through investments. The financing activities section provides
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