Accounting and Finance Management Assignment 2 Semester: 3 Prepared by: Osoba Seun Student Number: Sc-Kl-00021763 Email Address: josher4real@yahoo.com Date submitted: 17/01/2014 Question 1 Sales Budget September ($) October ($) Budgeted sales (units) 9‚500 Selling price per unit $12 Total sales 90‚000 114‚000 Schedule of expected cash collections: October ($) Account
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Classmates‚ According to (Oster‚ 2014)‚ "Percentage of receivables and percentage of sales are two accounting allowance methods used to reconcile customer accounts deemed noncollectable. When allowed by generally accepted accounting principles (GAAP)‚ these two strategies are preferred over direct write-off of bad debt expenses. Percentage of receivables and percentage of sales provide a business with the ability to accurately estimate the expected bad debt losses they will have in each succeeding
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8/2/2012 Objective of Lecture 2 CLASSIFICATION OF ACCOUNTS & ACCOUNTING EQUATION • By end of lecture 2‚ all students should be able to:(a) Understand the five categories of accounts and able to classify them into the respective categories (b) Understand the accounting equation and the relationship between assets‚ liabilities and owner’s equity. Classifications of accounts • • 1. 2. 3. 4. 5. An account is used to record all information regarding an item. The five major
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101-00128 Oct 2014 Accounting Accounting is the recording‚ measurement‚ and interpretation of financial information (Business 286). This financial information is used to evaluate the organization’s operations. To carry out these interpretations of financial information a public or private accountant is able to do this. To become a public accountant you must earn your CPA (certified public accountant) by passing a test and means you are certified by the state in which you provide accounting services where
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Big Spaceship: Ready to Go Big 1. What is the defining features of the industry in which Big Spaceship competes‚ and who are it primary competitors? The defining features of the digital marketing industry are: Creativity- Having a constant creative team can help any company within the digital marketing industry grow and build a strong reputation. Skill/Competency - Skill is the backbone of the company‚ a company can have all the creativity in the world but if they do not have a skill
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ACCOUNTING Harmonization of Accounting Standards Samir S. Mogul < E X E C U T I V E S U M M A R Y > ◆ International community has long back recognised the need for moving towards harmonisation of the accounting standard across the globe. Obviously on individual country is always entitled to costomise the existing international accounting Standards according to its specific needs. Among other advantages of harmonisation of accounting standards‚ the two benefits which tops the list are (a)
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MAA103 & MAAP103 - Accounting for Decision Making ASSIGNMENT – TRIMESTER TWO‚ 2011 (Relates to Topic 4) Represents 20% of the assessment for this unit DUE DATE: ASSIGNMENT PLANNER: MONDAY 1 AUGUST‚ BY 5.00pm FINAL ASSIGNMENT: THURSDAY 8 SEPTEMBER‚ BY 5.00pm NOTE the following general submission points: 1. 2. 3. 4. 5. Assignment can be completed in groups of no more than THREE students. Students CAN NOT complete assignment with students from other lecturers classes. Only ONE hardcopy of
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Rachel Savage Ms Cogburn English 1A 13‚ May‚ 2013 Paper #4 Big Farms Cause Big Problems California is a state known for its’ agriculture‚ and provides a good majority of the nations’ food. In the central valley‚ our rich soil‚ diverse biotic communities and eco-systems‚ provide an environment that allows a great variety of what our farmers can plant‚ however‚ many farmers do not utilize this ability. Instead farmers of big corporate farms are looking to make the most money possible‚ so they
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Chapter 5 Accounting for Merchandising Operations Chapter Summary Merchandising Operations • A merchandising company is an enterprise that buys and sells goods to earn a profit. • Measuring net income for a merchandising company is the same as for a service company through matching of expenses with revenues. • In a merchandising company‚ the primary source of revenue is the sale of merchandise‚ which is called sales revenue or sales. • Expenses for merchandising
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Practice Internal Assessment Report Christine Zhu St Pauls Grammar School 00296648 Biology HL Trial 1 & 2: 8/4/13 Trial 3 & 4: 10/4/13 Photo credits: Smarties by Andrew Dean‚ copyright Rebecca Douglas‚ retrieved 9/4/13 http://rebeccadouglas.photoshelter.com/image/I0000WDNZi_s2W4A Smarties Diffusion Experiment RESEARCH QUESTION How does changing the colour of smarties affect the extent of its passive diffusion? INTRODUCTION Passive diffusion‚ also known as simple diffusion‚ is used to
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