A receivable represents a company’s claim on the assets of another receivable. Account Receivable: is an amount owed by a customer‚ who has purchased the company’s product or service. Receivables are recorded at the time of the sale. Net Realizable Value: the amount of cash that a company expects to collect from its total or gross accounts receivable balance. It is calculated by subtracting from gross receivables the amount that a company does not expect to collect. ALLOWANCE: the amount
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MODULE 9 Self-test case (100 Minutes) Scents for Less Ltd. Updated Sept 12‚ 2011 As a recently graduated CGA‚ you started your new position as controller for Scents for Less Ltd. (SFL) on August 1‚ 2011. It is now a week later and you are working on several specific tasks assigned to you by your employer. You are understandably eager to impress your new employer and are looking forward to your new responsibilities. SFL produces generic colognes in relatively small quantities and sells them
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Marie Widmeier 9/23/3013 Professor Paige Constantino Life Is What You Make It The sound of music often serves as the backdrop of almost everything in life‚ where certain songs resonate bittersweet memories. As I express my feelings through music‚ it is evident that some songs hold much more meaning. We can all believe in a song to express our feelings‚ and that’s how I experienced and processed many of life’s changes. Some were sad and others were happy; in the end‚ I found that all I have
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Life is what you make it A little boy called Andy was asked to audition with his classmates for a part in the school play. His mother knew that he had his heart set on being in the play and she was worried about how he would react if he wasn’t chosen. On the day that the parts were given out‚ Andy’s mother went to the school to collect him feeling anxious about the outcome. Seeing his mother Andy rushed up to her‚ his eyes were shining with pride and excitement. "Guess what Mum‚" he shouted
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Life is full of problems. The more you solve them‚ the more new ones come up. And you can sweep problems under the carpet or run away from them. Wherever you go‚ sooner or later there will be problems for you to solve. Since this is a fact of life‚ you may as well develop some skills on how to handle problems in life. Here are some insights on how to deal with problems in life so that you may achieve success and happiness. One of the best ways to handle problems is to have the right attitude
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Allyson Stearns September 10‚ 2013 Block 8‚ Humanities Life is What You Make It When thinking about my view of the world‚ there is a jumble of different philosophies‚ beliefs‚ and ideas going on in my head. There is so much to take into consideration‚ and it seems that everything is connected but also scattered in a way that it is hard to really be able to dig deep and explain on paper what my worldview is. After many headaches and deep thoughts‚ I boiled it down to the things that I could not
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The Internet makes life better Nowadays‚ with the development of the Internet‚ our life becomes more convenient than any time in the past. With the click of the mouse‚ you can find everything on the Internet including shopping‚ communication‚ entertainment‚ study‚ and so on. Do you know how many percent of people on the Earth have access into the Internet? - 21% In the United States‚ 74% of American adults use the Internet. 94% of students in the US are using the Internet. 60% of American
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Less Personal Interactions Electronic and computer interactions are less time consuming‚ do not take as much thought and effort‚ and is less involving. When electronics increased in our generation‚ face-to-face interactions decreased. Electronic interactions has made people lazy‚ and caused a decrease in personal encounters. Although electronics have made a few positive impacts in one’s daily life‚ electronics have caused more damage and negative impacts than positive. Social media is one of
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What Makes a Meaningful Life? It is hard to give a definite answer to the question‚ “What makes a meaningful life?” This is because everyone has their own ideas of what makes a beautiful life. What may give purpose and meaning to one person‚ maybe completely be different to what gives purpose and meaning to another. In a general sense‚ I believe‚ a meaningful life is a life of happiness and self-accomplishment‚ a life that is surrounded by loved ones and activities that are enjoyed. If a person
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For different people there are different things that make their lives meaningful. For some it might be some kind of passion or hobby‚ while for others it is merely carrying on living out of fear of death. I personally have a few different things that make my life meaningful which I will briefly share with you. One thing that makes my life meaningful is having a goal for the future. Someday I would like to have a high paying job‚ a nice house and car‚ and more than enough money to support myself
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