The following information applies to the questions displayed below.] Dittman’s Variety Store is completing the accounting process for the year just ended‚ December 31‚ 2011. The transactions during 2011 have been journalized and posted. The following data with respect to adjusting entries are available: a. Wages earned by employees during December 2011‚ unpaid and unrecorded at December 31‚ 2011‚ amounted to $4‚000. The last payroll was December 28; the next payroll will be January 6‚ 2012
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1. | | Discuss the major principle that describes recording revenues.The revenue recognition principle states that we record revenue in the period in which we earn it. | | | 2. | | Discuss the major principle that describes recording expenses.The matching principle states that we recognize expenses in the same period as the revenues they help to generate. | | LO1 | 3. | | Samantha is a first-year accounting student. She doesn’t think it matters that expenses are reported in the same
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Section 2C 5. A car enters the freeway with a speed of 6.4 m/s and accelerates uniformly for 3.2 km in 3.5 min. How fast is the car moving after this time? 3.5 min = 210 s. Average speed = 3 200/210 = 15.238 m/s = ½ (v + vo). vo = 6.4 m/s. Solving for v‚ v = 2 × 15.238 – 6.4 = 24.076 m/s. 2D 1. A car with an initial speed of 23.7 km/h accelerates at a uniform rate of 0.92m/s2 for 3.6 s. Find the final speed and the displacement of the car during this time. Vf= Vi + at= 9.92m/s D x= Vot+
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Name: Adrian Aditya Class: BBA 12 Student ID: F12418001 My favorite Chinese Event Chinese new year is one of my favorite Chinese event‚ the reason why is‚ the culture behind it is so interesting‚ at first I want to talk about the Chinese zodiac‚ we know that we also have zodiac determined by a star‚ but Chinese zodiac is different‚ every year is a different zodiac‚ there’s 12 zodiacs‚ they take animal as the symbol of it‚ why? Once I heard the story about this 12 chinese zodiacs‚ the heaven (Chinese
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Chapter 14 1. Please explain how Charitable Contributions come into play in determining "Corporate" taxable income. (5 pts) In order to determine what your taxable income may be‚ you must first determine your charitable contribution donation. The deduction of charitable contributions is dependent upon what type of property is donated‚ when it was donated‚ and who it was donated to‚ as well as the corporation’s adjusted taxable income. The maximum deduction amount is 10 percent of the corporation’s
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2.1 It is important to take a balanced approach to risk management because its children’s natural inclination to take risks when they play‚ those responsible for children have to take a balanced‚ thoughtful approach to managing risk. This is particularly important for play because children today tend to have less freedom than in the past‚ and hence may have fewer opportunities for risk-taking as a normal part of their everyday lives‚ however as early years providers we must ensure that we take all
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1Would you say that Google and Yahoo are direct or indirect competitors? What about McDonalds and Macaroni Grill? Explain why? Indeed Google and yahoo are both direct competitors because the both provide the same services such as : email ‚ search ‚chatting groups ‚ blogs ‚for McDonalds and Macaroni they are indirect since both provide food but of different types which make them compete for different products . - 2 . Given the example of Atari and Nintendo games‚ which one was the first
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MUSIC MAKERS: Explanation of the Project The project I’ve chose is music makers. Music is a form of art and deals with expressions. The quote by Eminem explains how important music is‚ which is "You better lose yourself‚ In the music ‚The moment‚ You own it‚ You better never let it go‚ You only get one shot‚ Do not miss your chance to blow‚ This opportunity comes‚ Once in a lifetime". Music can express any type of feelings you have. Music is an art of sound and elements of rhythm‚ melody‚ harmony
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1. How many respondents said they drink because their friends drink? _________________ 2. What is the mean age of the respondents? _________________ 3. What is the modal response (most common response) to the question about when drinking occurs on Saturday? _________________________________ Create a new variable SENIORS from CLASS: 1 for those who are seniors‚ 2 for all others. Be sure to use the “All others” choice. There is no need to specify “system-missing to system-missing”
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Keeping an up to date and accurate record of all transactions for a small business is very important. Small businesses need to have a system in place for all record keeping for many reasons. One reason would be to control the creation and growth of records. Although we try to become a more paperless society the amount of paper we use never seems to go away. An effective records management system will limit the amount of copies you have to make‚ reducing the waste generated. One reason is for
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