prepares its master budget on a quarterly basis. The following data have been assembled to assist in preparing the master budget for the first quarter: a. As of December 31‚ 2011 (the end of the prior quarter)‚ the company’s general ledger showed the following account balances: DEBIT CREDIT $ $ Cash 48‚000 Accounts receivable 224‚000 Finished goods Inventory (1000 units) 60‚000 Raw Materials inventory (500 units) 10‚000 Buildings and equipment (net) 370‚000 Accounts payable 93‚000 Capital stock 510
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what economics is and how you may use economics in your future career and/or your daily life? After World War II‚ economy is increasingly becoming the focus of national competition in the world. Furthermore‚ economics as a new breach of human sciences is applied widely in human daily life as well. For example‚ almost everyone has to consider price‚ tax‚ money and welfare in real life. It can be seen from that economics play a significant role in human life. This essay will discuss what is economics
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Use of Paralanguage and Kinesics in Everyday Life The use of kinesics and paralanguage in everyday life is the most prominent use of persuasion we use subconsciously. They are used subconsciously because you may not know what they mean. Which can cause cultural tension if you do something that may seem harmless to you but may be a great insult to another culture. Paralanguage has many forms such as whistling which can be used by many people as a means of entertaining by whistling a song or
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be effective‚ it must have seven qualities. These seven attributes are called seven C’s of effective business communication. (All these attribute starts with the alphabet ‘C’ so are called 7 C’s). We can use our list of communication "C" words to create efficient communication at all levels of your company‚ and to help make interactions with customers more effective as well. Seven C’s of Effective Business Communication i. Correctness ii. Clarity iii. Conciseness iv. Completeness v. Consideration
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1．A firm has net working capital of $640. Long-term debt is $4‚180‚ total assets are e $6‚230‚ and fixed assets are $3‚910. What is the amount of the total liabilities? Current assets: 6230-3910=2320 Current liabilities: 6230-39102320-640=1680 Total liabilities: 1680+4180=5860 2. Kaylor Equipment Rental paid $75 in dividends and $511 in interest expense. The addition to retained earnings is $418 and net new equity is $500. The tax rate is 35 percent. Sales are $15‚900 and depreciation is
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How we use fractions everyday and don ’t even realize it (Math worksheets center) If you walk down the aisles of your local mall you probably would get a third of the way there without coming in contact into a fraction in some way. After all‚ that walk down the aisle is a fraction: 1/3. Yes‚ we use fractions in one way or another in everyday life even though we may not completely realize it. For example‚ you use fractions every time you look at a clock. Yes‚ we know that quart past (1/4)‚ half
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I find my socks and shoes and put them on. I use very light eyeliner and mascara when I do my makeup. I consider dressing and doing my makeup modest a sign of wanting to be taken seriously in my day ahead. My jewelry that I wear‚ a wedding ring and necklace‚ is a symbol of my appreciation and love for my husband. My wedding ring is made of white gold and has seven diamonds in it. My necklace is made of turquoise and silver. I wear this jewelry everyday and I think of my husband when I look at my ring
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1 . (a) What do you understand by the concept of conservatism ? Why is it also called the concept of prudence? Why is it not applied as strongly today as it used to be in the Past ? (b) What is a Balance Sheet ? How does a Funds Flow Statement differ from a Balance Sheet ? Enumerate the items which are usually shown in a Balance Sheet and a Funds Flow Statement. 2 . (a) Discuss the importance of ratio analysis for inter-firm and intra-firm comparisons including circumstances responsible
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ANSWER SHEET STUDENT’S SURNAME........................................... OTHER NAMES.......………......................................... STUDENT NUMBER....……….................................. TUTORIAL DAY & TIME........………................... TUTOR’S FULL NAME......................................... Test 1 – Version 2 Session 2‚ 2012 Course Code: ACCG 224 Course Name: INTERMEDIATE FINANCIAL ACCOUNTING Time allowed: 55 minutes plus 5 minutes reading time Total No. of questions:
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bankruptcy. True 2. In a classified balance sheet‚ we categorize all liabilities as current. True 3. False A line of credit is an informal agreement that permits a company to borrow up to a prearranged limit without having to follow formal loan procedures and paperwork. True 9. False We record interest expense in the period in which we pay it‚ rather than in the period we incur it. True 8. False Interest is stated in terms of a percentage rate to be applied to the face value of the loan. True
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