asset/debt values. Central bank increases the cash rate and your company has a floating rate loan pegged to the cash rate. Foreign exchange The risk of the foreign exchange rate fluctuating‚ impacting the currency conversion of revenues‚ expenses‚ assets and/or liabilities. Includes transaction‚ translation‚ competitive/economic and accounting exposures. If the AUD falls‚ an Australian importer of clothing from the US pays more AUD for the same amount of clothing. Commodity price
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Between 1789 and 1820‚ the power of the national government expanded greatly as a result of Hamilton’s economic policies‚ Marshall Supreme Court decisions‚ Henry Clay’s American System‚ and territorial acquisitions. Although many of these programs ultimately sowed the seed of sectionalism‚ the net result was a more powerful national government by 1820. One main proponent of a strong federal government was Alexander Hamilton‚ who served under George Washington as secretary of treasury. In this position
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joint process classified? What management decisions must be made before beginning a joint process? How is the joint cost of production allocated to joint products? How are by-product and scrap accounted for? How should not-for-profit organizations account for the cost of a joint activity? PANCAKETOM/DREAMSTIME.COM 475 476 Chapter 11 Allocation of Joint Costs and Accounting for By-Product/Scrap Introduction Most companies produce and sell multiple products. Some companies engage in
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In The Bible Among the Myths‚ Oswalt states‚ “If the historical basis on which the supposed revelation [the Bible] rested was false‚ then why should we give any special credence to the ideas resting on that basis” (p. 31). Please post a 400-word response to Oswalt’s statement. Seek to answer whether or not one could trust a historically false document to be theologically accurate? If not‚ why? If so‚ how? While sources are not required‚ you may support your answer from the Bible‚ your textbooks‚
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Abd al Rahman Ibrahima was a muslim slave who was captured when defeated in a war. It all took place in small Southern American town‚ whom Ibrahim’s father befriended a white man (Prince Among Slaves‚ by Terry Alford). Ibrahim is translated as Abraham. Abraham was known as a prince. His father was a king of the cattle raising people. Abraham was enslaved by family in Natchez‚ Mississippi. On August 18‚ 1789‚ Abraham was purchased by Thomas Foster. While Abraham was captured‚ leaving his wife and
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LECTURE NOTES 1 : INVESTMENTS by: Ms. Hazel M. Sarmiento Investments are assets not directly identified with the entity’s normal operating activities but are nonetheless acquired to: 1) generate income on idle cash; 2) exercise significant influence or control over another entity; 3) establish long-term relationships with suppliers and creditors; 4) accumulate funds for future use; 5) benefit from capital appreciation; or 6) protect from possible future risks. I. Investments
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EXERCISE 2-14 Journal Entries and T-accounts The Polaris Company uses a job-order costing system. The following data relate to October‚ the first month of the company’s fiscal year. a. Raw materials purchased on account‚ $210‚000. b. Raw materials issued to production‚ $190‚000 ($178‚000 direct materials and $12‚000 indirect materials). c. Direct labor cost incurred‚ $90‚000; indirect labor cost incurred‚ $110‚000. d. Depreciation recorded on factory equipment‚ $40‚000. e. Other manufacturing overhead
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Market Lab Resources – External Research Tools – Excel Basics Wednesday: – Overview of Financial Modeling with Excel Next Week: – September 3‚ Wednesday: Case Discussion – O.M. Scott & Sons Company – See questions posted at the end of class notes Readings – Survival Accounting for Financial Modeling (Income Statement‚ Balance Sheet‚ Cash Flow Statements) – Preparing & Using the Statement of Cash Flows – Solving the Puzzle of the Cash Flow Statements – Beware of Accounting Mine Fields
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RECONCILIATIONS NOTES In order to verify the amount reflected in our bank account at the end of each month‚ a reconciliation must be made with the balance according to our bank account and the balance as reflected on the Bank Statement. The bank will send us a statement of our account towards the end of each month. Take note of the following with regard to the Bank Statement: 1. The bank will view the business as a CREDITOR since cash in the business account belongs to the business
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Claudine "pakantot" Baldevarona 6722-Aristotle Smoking Among Teenagers CHAPTER 1: Introduction It is a fact that children who starts smoking before the age of 15 will continue to smoke all their adult life. This is why smoking is bad for teenagers. A cigarette contains more than 4000 chemical compounds among which 40 are carcinogens and unfortunately‚ it affects the health of a child in a very bad way. Cigarette smoking is a habit that kills approximately million of people per year. It
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