HW 8 – 1 ACCOUNTS RECEIVABLE JOURNAL ENTRIES Prepare journal entries to record the following transactions: (1) On December 15‚ 2008‚ the company recorded $150‚000 sales on credit. (2) On December 31‚ 2008‚ the company estimated bad debt expenses of $15‚000. (3) On January 12‚ 2009‚ collect $100‚000 worth of accounts receivable. (4) After many collection attempts‚ the Company determined on June 15‚ 2009 that it would not collect $10‚000 in accounts receivables from Pendant Publishing
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Financial Impacts and Constraints Paper The Effect of Pharmacy on Operation Management A health care facility needs to monitor the processes and operations of its pharmacy‚ since it is the major profit producer. The pharmacy is required to maintain minimal errors‚ excellent customer service‚ and high efficiency‚ while returning significant profits. Pharmacies are considering a profit center for the hospital and have a direct effect on the hospitals bottom line. Since pharmacies
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the financial statements for improperly capitalizing expenditures is to increase net income since expensed items are included just like assets while the long-term effect is pretty much similar to short-term effect because the assets are charged to expense as depreciation. Page 324 8.3 A purchasing manager can direct purchases toward vendors who provide the manager kick-backs. This can be prevented by notifying suppliers that the company will not permit payment of kick-backs to its employees. The
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month. Recognize an interest expense of 1 percent for the month (12 percent annually) on the $500‚000 long-term debt‚ which has not been paid but is owed. Unfortunately‚ the data that is provided does not include the operating expenses for January 2011 for the Donahoo Western Furnishings Company. Therefore‚ we can see what the Net Profit is before Operating Expenses. That is‚ this number is overstated and would likely be dramatically reduced once Operating Expenses were included. The graph on
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travel plans‚ prepared itineraries‚ processed expense reports‚ and tracked budgets and expenses. Planned all details for the board of directors meeting including preparation of the board book. Prepared correspondence‚ reports‚ and materials for publications and presentations; proofread and edited all speeches. XYZ CORP. HR Executive Administrator 2000 – 2005 Provide high-level administrative support to the Director of Human Resources. Expense reporting‚ travel logistics (domestic & international)
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FASB ASC CITATION: Adjustments to Lower of Cost or Market 330-10-35-1 A departure from the cost basis of pricing the inventory is required when the utility of the goods is no longer as great as their cost. Where there is evidence that the utility of goods‚ in their disposal in the ordinary course of business‚ will be less than cost The inventory has a financial importance as it is purchased and recorded at its historical cost or original cost. With respect to a perpetual inventory system
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stand‚ studying locally is better than studying abroad. Firstly‚ studying locally is more affordable. For example‚ students prefer to study in a local university like University Tunku Abdul Rahman (UTAR) because the tuition fees and the living expenses are less expensive. Moreover‚ students can always take on a part time job to support themselves. Furthermore‚ studying locally is more convenient in many different aspects. We can maintain a regular close contact with our families. Should they
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MARKETING FINANCE- NOTES Marketing is the management process responsible for identifying‚ anticipating and satisfying customer requirements profitably.’ The new one is: ‘The strategic business function that creates value by stimulating‚ facilitating and fulfilling customer demand. It does this by building brands‚ nurturing innovation‚ developing relationships‚ creating good customer service and communicating benefits. By operating customer-centrically‚ marketing brings positive return on investment
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Student Number: __________________________ Pages: 12 Questions- Section A: 6 Section B: 15 UNIVERSITY OF TASMANIA EXAMINATIONS FOR DEGREES AND DIPLOMAS October- November 2008 BFA707 THE ACCOUNTING FRAMEWORK Examiner: Mrs Debbie Wills Time Allowed: THREE (3) hours Instructions: This examination paper is to be marked out of 100. It has two sections. Write your student number clearly at the top of this examination paper. Hand in the examination paper. Do not remove any part
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Proposal: I propose that within the next few years your Chiropractic office will increase profits by increasing services and lowering costs. This will be achieved by first looking at business expenses. One seriously important area to examine is staffing. This is typically one of a company ’s biggest expenses. You need to ask yourself “Did you make necessary cuts during the recession or are
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