office rent of $1‚000 30-May Smith paid dividends to himself of $1‚400 Requirements: 1 Enter the transactions for May into the accounting equation‚ calculating new balances after each entry. Assets = Liabilities + Stockholders’ Equity Cash + Accounts receivable + Supplies + Equipment Accounts payable Common stock + Service revenue - Salaries expense
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The Importance of Responding to Change in the Business World – D1 Assignment Clarks is a British business which sells shoes. Over time they have had to respond to changes in the business world in order to keep their stores open and to still make a profit. They have done this in a number of ways. Firstly‚ in 1863 the business had to modernise and they did this by introducing a sewing machine instead of hand stitching all the shoes. This meant that the shoes could be made much quicker‚ which helped
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Business Memo The importance of budgeting I developed a spreadsheet including three budget schedules of Spiffy Shade Corporation‚ which is Production Budget‚ Direct-labor Budget‚ and Manufacturing Over-head Budget. According to the budget schedules‚ the company can plan ahead and meet the needs of demand. For example‚ form the Production Budget‚ the company can plan how many sunglasses should be produced for each month and quarter. Budget can also facilitating communication and coordination‚ and
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Short Summary Mr. Gradgrind is a man of "facts and calculations." He identifies a student‚ called Girl number twenty‚ who replies that her name is Sissy Jupe. Gradgrind corrects her that her name is Cecilia regardless of what her father calls her. Jupe’s father is involved in a horse-riding circus and this is not respectable‹in Gradgrind’s opinion. He advises Cecilia to refer to her father as a "farrier" (the person who shoes a horse) or perhaps‚ a "veterinary surgeon." Sissy Jupe is a slow learner
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The Importance of Business Ethics Business ethics is defined as the principles‚ values‚ and standards that guides behavior in the world of business. When a business is known for being honest it is more likely to become successful. Today‚ more and more companies are realizing the direct impact that good ethical behavior has on financial performance. A positive ethical culture within a business promotes employee commitment and trust‚ investor loyalty and trust‚ and customer satisfaction and
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Importance of culture for business (Disney) Edwin Ang Cultural is a fundamental part of our existence. It is that involved whole which includes knowledge‚ beliefs‚ arts‚ morals‚ laws‚ customs and any other capabilities and habits acquired by man as a member of society. From the definition it conclude that culture has both learning and teaching capabilities. However‚ these processes may be centered on certain universal aspect of human behavior and activities such as house building‚ food production
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obtain reasonable and limited assurance about whether the above statements are free of any misstatement. An audit includes examining evidence supporting the amounts and disclosures in the above said statements. An audit also includes assessing the accounting policies and significant estimates made by management‚ as well as‚ evaluating the overall presentation of the above said statements. We believe that our audit provides a reasonable basis for our opinion and‚ after due verification‚ we report that:
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Amanda Hamilton November 30‚ 2010 The Importance of Ethics in Business Part of being a fair and effective manager is making good decisions. Knowing what is right is very important to personal and business ethics. However‚ doing what is right is critical to personal and business ethics. A strong unwavering commitment to your core values and guiding principles of your business or organization will lead to the right ethical decisions and actions. In the absence of these actions‚ all one has is
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Importance of Advertisement in Business What is an Advertisement? “Advertising can be defined as a paid form of non – professional but encouraging‚ complimenting and positively favorable presentation of goods and services to a group of people by an identified sponsor. It does not include distribution of free samples or offering bonuses‚ these are sales promotion. In simplest words advertising is introduction‚ to consumers and general public‚ of services and goods.” * Advertising
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Business is an organisation involves in trading activities of goods or services or both. Business can be a profit organisation or a non profit organisation. There are three types of profit organisation in business. First type is Merchandising Business which involves purchasing and selling the products that they purchase. They do not manufacture the products. Example of this business is Parkson‚ who purchase clothings‚ toys and other products from various manufacturers and then sell in their department
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