Professor Duren June 11‚ 2013 Financial Accounting Question #3 3. What are the essential features of the allowance method of accounting for bad debts? The allowance method tries to match the written off account with the period in which the sale was made. There are three essential accounting features to the allowance method: 1. Uncollected debt for accounts receivable are matched against revenues within the same accounting period in which they are recorded
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Gross profit is a company’s residual profit after selling a product or service; it involves deducting the cost associated with the production and sales. To calculate gross profit it involves examining the income statement. In the income statement you take the revenue and subtract the cost of goods sold. This is also called gross margin and gross profit. Gross profit is needed in a company because it shows how efficiently management uses labor and supplies in the production process (Investopedia
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Chapter 12 & 13 1. A sales manager collected the following data on salespersons’ annual sales and years of experience. Years of Annual Sales Salesperson Experience ($1000s) 1 1 80 2 3 97 3 4 92 4 4 102 5 6 103 6 8 111 7 10 119 8 10 123 9 11 117 10 13 136 a. Develop a scatter diagram for these data with years of experience as the independent variable. b. Develop an estimated regression equation that can be used to
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Sarah GunsetACCT 325 Phase 2 IP-2Jason Cade July 21‚ 14 Ethics plays such an important role in the business world. There are organizations and boards that set guidelines specifically to improve the work environment and help control the amount of ethical dilemmas. The SEC works as the head quarters for these boards and has developed many new guidelines since the crisis of the early 2000’s. The International Ethics Standards Board for Accountants (IESBA) has established ethical standards and
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Table of Contents Question Descriptions Page Question 1 Multiple Choice Questions 4 Question 2 Absorption costing and standard costing Use the information provided below to prepare the Budgeted Income Statement for the year ended 30 June 2013 using the absorption costing method 2.2.1 Calculate the direct labour efficiency variance 2.2.2 Explain 2 possible causes of an unfavourable direct labour efficiency variance 5 Question 3.1 Question 3.2 Question 3.3 Question 3.4
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Personal Reflection on the Self Kea Williams Psy/400 Dr. Lauren Hall-Davis May 5‚ 2013 Personal Reflection I will begin observing the environment through nurture and nature in developing our self concept. Self concepts are the realization of experiences gathered from history and the future in how people were‚ and who he or she aspires to be. Studies demonstrate
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Guillermo Furniture Store Analysis University of Phoenix ACC 561 July 2011 Guillermo Furniture Store Analysis This document presents the major components of a budget that includes the risks associated with sales forecasts‚ and an analysis of ethical considerations in the preparation and subsequent use of the budget. Consideration is given for the requirements of the organizations code of ethics in the use of any performance tools. Major Budget Components A master budget
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Personality Reflection PSY/250 09/23/2014 MARK PETERSON Personality Reflection The definition of personality is a group of characteristic patterns of thoughts‚ feelings and behaviors that make a person unique. In addition to this‚ personality arises from within the individual and remains fairly consistent throughout the life. (Webster-Dictionary.org Sept 2014) I would define personality as a collection of visible aspects showing an individual’s character. Through these unique aspects‚ allows others
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REFLECTION JOURNAL Name: ____________________________ Modules 1 & 2 How to submit: 1. Click on ASSESSMENTS 2. Click on Module 2 Reflection Journal 3. Copy and Paste your Journal into the Student Comments Section 4. Click “Submit for grading” AND “Submit” Module 1: Driving is Your Responsibility: Please answer the following questions in complete sentences using proper spelling and grammar: Complete the K-W-L information below. K- What you Know List two things you know about
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occasion? or just simply do they like me? I think these are the worries and insecurities that get in the way of me analyzing my true leadership skills. There are also several insecurities that get in the way of me engaging in true‚ authentic self reflection. One of my major fear/roadblock is trying to be a person I am not; in other words not being true to myself. Trying to live up to an expectation‚ whether around family or friends‚ there is a certain pressure or a legacy you are trying to keep that
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