Week One Exercise Assignment Basic Accounting Equations 1. Recognition of normal balances The following items appeared in the accounting records of Triguero’s‚ a retail music store that also sponsors concerts. Classify each of the items as an asset‚ liability‚ revenue‚ or expense from the company’s viewpoint. Also indicate the normal account balance of each item. a. The albums‚ tapes‚ and CDs held for sale to customers. * Asset; Normal account balance is debit b. A long-term loan
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ACCT 205 Wk 1 Dis. 1 E1-21 & E1-26 Question E1-21 KEY: A/R = Accounts Receivable A/P = Accounts Payable Indicate the effects of the following business transactions on the accounting equation of a Blockbuster Video location. a. Received cash of $10‚000 from the owner‚ who was investing in the business. Answer: Increase asset (Cash) Increase owner’s equity (Capital b. Earned video rental revenue on account‚ $1200. Answer: Increase asset (Accounts
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Accounting statements and ratios provide a great deal of information about a company’s financial stability. Some of the concepts to be discussed in further detail include horizontal analysis‚ current ratio‚ quick ratio‚ and cash to current liabilities ratio. A horizontal analysis is used to compare data from two or more periods side by side. The current ratio reveals the relative amount of working capital by dividing current assets by current liabilities. A quick ratio is calculated by dividing the
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Find needed answers here https://bitly.com/12B18Ql This document ACC 205 Week 5 Discussion Question 2 Current Liabilities comprises solution of this task: "There are two types of current liabilities that must be estimated. Describe them and explain why they must be estimated. How are the financial statements affected if they are not estimated? Respond to at least two of your classmates Deadline: ( )‚ Business - Accounting Week1 D1: As you have learned in this week’s readings the Accounting
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Assignment Chapter 2 Concept Explorations 2.25. Average Atomic Mass Part 1: Consider the four identical spheres below‚ each with a mass of 4.00 g. a. Calculate the average mass of a sphere in this sample. (4.00 + 4.00 + 4.00 + 4.00)/4= 16.00/4= 4.00g Part 2: Now consider a sample that consists of four spheres‚ each with a different mass: blue mass is 4.00 g‚ red mass is 3.75 g‚ green mass is 3.00 g‚ and yellow mass is 1.25 g. * a. Calculate the average mass of a sphere in this sample
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A PAPER ON THE CONCEPT OF INDIVIDUALITY AND WHY ITS RECOGNITION IS A CRUCIAL SKILL FOR MANAGERS. BY OLUBITAN JOSEPH Department Of Management and Accounting Faculty of Management Sciences. Ladoke Akintola University Of Technology‚ Ogbomoso. February‚ 2013 At the dawn of Renaissance‚ the concept of the individual began to emerge across western society. Jacob Burckhardt ‚ the great historian of the Renaissance in his book “la civiltà del rinascimento in Italia”‚ (Renaissance civilization
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Unit 205 Learning out comes and assesment criteria Introduction to duty of care in health‚ social care or children’s and young people’s settings. Outcome 1‚ Understand the implications of duty of care 1.1‚ As care workers‚ we require a legal obligation to have a ’duty of care’ towards adults/ children within a care service‚ as well as others such as ourselves and colleagues. We are required to work in the best interests of
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CheckPoint: Don’t Count on it IT 205 Joel Balkum The FDCA project is an evolution into the technology age for the U.S. Census Bureau. Implementing handheld electronic devices improves the effectiveness of the collection process because it cuts down the use of paper for recording data‚ it replaces hardcopy maps that collectors would carry to find their way around‚ saves time and money‚ and makes staying organized easier to do which improves data quality and credibility. The problems that the
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Unit 205 By Jess Dorrell Task A Letter Care Learning Centre Head Office Suite 8 The Courtyard Monks Brook At Cross Business Park Newport Isle of Wight PO305BF 23RD July 2008 Bubbles West Street Newport Isle of Wight PO305BF Dear Jo Blogs RE: Thinking of working in Care Profession It’s nice that you are thinking of joining the Care Profession
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