Historically‚ 4% of outstanding accounts receivable is uncollectible. On December 31‚ 2010‚ the company’s Allowance for Doubtful Accounts has an unadjusted credit balance of $3561. Chiller prepares a schedule of its December 31‚ 2010‚ accounts receivable by age. Based on past experience‚ it estimates the percent of receivables in each age category that will become uncollectible. This information is summarized here: Assuming the company uses the percent of sales method‚ what is the amount that Chiller
Premium Depreciation
When Does Life Begin Patricia Cole PHI 103 Informal Logic Instructor Leslie Dunn May 27‚ 2013 When Does Life Begin Abortion is one of the most controversial topics discussed today‚ and should be illegal because life begins at conception‚ It should also be illegal because there are many risk for the women‚ and it should be illegal because abortion is an act of murder. Abortion should be illegal because it is taking a life that begins at conception. Scientist uses these “five characteristics
Premium Pregnancy Life Abortion
Cash Management Practice In Sustainable Land Use Forum (SLUF) PROJECT PAPER Submitted to: The Department of Accounting FACULTY OF BUSINESS AND ECONOMICS UNITY UNIVERSITY COLLEGE As Partial Fulfillment of the Requirements for BA Degree in Accounting Advisor/Instructor: Dr. G. Satyana Rayana (PHD) Prepared By: ZEWDIE MOLLA (IDEA1/93) ID No. 1480/94 May 2006 Table of Contents Chapter I 2 1. An over view of Non Governmental Organization 2 1.1. In the world
Premium Internal control Non-governmental organization Non-profit organization
Did you know that 90% of kids do not get allowance? Kids should not get allowance for doing chores. There are many other ways for kids to get money but not from doing jobs around the house. Chores are a part of daily life‚ they teach you responsibility‚ and you can get money from doing other jobs. It teaches you to care for your things and stuff around the house. Also‚chores are a part of every families’ lives. If you do not do the things around the house that need to be done it will be a mess
Premium Education High school School
Accounting Methods: Cash Basis vs. Accrual vs. Hybrid Which Method is Most Advantageous for Small Business? Abstract Many tax preparers fail to communicate to their small business owner clients about the types of accounting methods allowed by the Internal Revenue Service (IRS) and the advantages and disadvantages of each. The average small business owner simply trusts that the tax preparer is utilizing the method most advantageous to them. This paper explores cash basis‚ accrual‚ and hybrid
Premium Internal Revenue Service Taxation in the United States Tax
Individual Retirement Accounts: Why Bother? by William K. English 121 Mr. Frost September 22‚ 1996 Outline Thesis: When planning for retirement‚ Individual Retirement Accounts offer several benefits; however‚ careful planning is essential to ensure that: upon retirement there is an adequate amount of money saved‚ that the heirs to the IRA are chosen carefully‚ and that unnecessary taxes and penalties are avoided. I. Upon retirement there is an adequate amount
Premium Retirement Pension Ageing
handle complex issues. However‚ this process is not directly related to the review of state laws. Administrative agencies are crucial parts of the government‚ responsible for implementing‚ administering‚ and enforcing laws. However‚ they need to be under the control of elected officials for several reasons. Firstly‚ elected officials are accountable to the public‚ ensuring that administrative agencies are not misused of power. They also set policy direction for the government‚ ensuring that their actions
Premium
Transaction Principles of Double Entry 1 Started a business with a cash at bank for RM 15‚000 and cash in hand for RM 10‚000 3 Purchased machinery on credit from Happy Machine Supplies amounted to RM 90‚000 4 Bought inventories amounted to RM 2‚000 on cash from Bedah Sdn Bhd 5 The owner contributed another additional RM 10‚500 cash at bank 6 Owner took goods worth RM 1‚000 for personal use 7 Bought goods by cash at bank from Hamidah for RM 1‚500 9 The business purchased
Premium Double-entry bookkeeping system Sole proprietorship Bookkeeping
Why are accounts important To begin by why accounts are important‚ a person should first know what accounts actually mean. Accounts are financial records of an organization that register all financial transactions‚ and must be kept at its principal office or place of business. The purpose of these records is to enable anyone to appraise the organization’s current financial position with reasonable accuracy. Firms present their annual accounts in two main parts: the balance sheet‚ and the income
Premium Income statement Financial statements Balance sheet
interest rate and a high government debt-to-GDP ratio. Further does McKinsey advice the Brazilian government to reduce the excessive bureaucratic regulation and to improve the quality of its public services‚ which are for example the Brazilian education‚ justice and security. Another point on the agenda for future growth of Brazil should be the development of the country`s infrastructure. These five areas of improvement‚ which run under the name ‘Brazil cost’‚ are a good start for Brazil to consider
Premium Brazil Goldman Sachs Investment