The HQ placed orders and uses part of the fund that is got from the store to pay the supplier 5. Supplier confirm the items and quantities of products that HQ ordered 6. HQ confirms information 7. HQ updates order information to warehouse 8. The supplier end new products to that warehouse for inventory 9.
Accounting 300 Learning Team Week 2 4. Indicate how each business transaction affects the basic accounting equation. (a) Paid cash for janitorial services. Decrease Cash Increase Liabilities (b) Purchased equipment for cash. Decrease Cash Increase Assets (c) Issued common stock to investors in exchange for cash Increase Cash Decrease in Stock Equity.
In which current and noncurrent asset categories are investments reported by Merck? What criteria are used to determine the classifications? The 2008 balance sheet reports the following two current and one noncurrent asset categories ($ in millions): 2009 2008 CURRENT ASSETS: Cash and cash equivalents $ 9,311.4 $ 4,368.3 Short-term investments $293.1 $1,118.1 NONCURRENT ASSETS: Investments $432.3 $6,491.3 In the summary of significant accounting policies (Note 2), Merck describes its policy regarding investments classified as "cash equivalents." It is consistent with the way most companies classify "cash equivalents." CASH AND CASH EQUIVALENTS -- Cash equivalents are comprised of certain highly liquid investments with original maturities of less than three months.
What is the difference between a certified check and a cashier’s check? Personal check stamped to show the party who receives it knows there are funds available to deposit the check. Credit readily available and job stability. Chapter 15 30. What is a stock?
Cash flows statement is a summary pertaining to cash flow and outflows in detail of specific transactions within time periods. Classifying Transactions An individual account requires that either a debit or credit is recorded for each accounting transaction. Each
ACCT 504 Week 4 Midterm Exam Click here to Purchase (TCO A, B, C) Which of the following statements concerning users of accounting information is incorrect? (TCO C) Issuing shares of stock in exchange for cash is an example of a(n) (TCO C) Which activities involve putting the resources of the business into action to generate a profit? (TCO A) The cost of assets consumed or services used is also known as (TCO C) Edwards Company recorded the following cash transactions for the year (TCO A) On a classified balance sheet, prepaid insurance is classified as (TCO A) An intangible asset (TCO A) These are selected account balances on December 31, 2007. -Land (location of the corporation's office building) $200,000 -Land (held for future use) 300,000
Financial Analysis Project Go to the Cango intranet http://myphlip2.pearsoncmg.com/masteringbusiness/cango/ and pull the financial statements. Use these to fill out the table found in Doc Sharing labeled Financial Analysis Project. Ratio | Formula(express the ratio in words) | Detailed Calculation(actual numbers from the financial statements used for the calculation) | Final number(Final result of the detailed calculation) | Explanation of why it is important | Efficiency RatioReceivable Turnover | sales/accounts receivables | 51,000,000/33,000,000 | 1.5455 | Shows the sales average of the accounts receivables | Efficiency RatioInventory Turnover | Sales/Inventory | 51,000,000/32,000,000 | 1.5938 | Shows how many times CanGo inventory sold and replaced over a period. |
1). Internally, a cash flow statement helps an organization check its inflows and outflows of cash; from this the company can see if they have a shortage or surplus of cash. A cash flow statement will also help a company evaluate its ability to pay its bills in a timely manner. Managers can use cash flow statements to see whether he or she has cash available for the day-to-day expenses of the company. Employees can use this statement to estimate if the company will be able to afford compensation.
Once the customer selects the deposit option and the account information is retrieved the customer will then be asked to enter the amount to be deposited. Once the amount has been entered the ATM mechanism to begin the deposit will activate and the customer will be requested to insert the deposit. After the customer places the deposit into the deposit slot mechanism the mechanism will detect it and the deposit slot mechanism will stop. The system will then add the amount of the deposit to the customer’s account and the ATM card will be returned to the
| Cash flow and a source of value | This term is described of the flow of cash coming in and out. | Titman, S., Keown, A. J., & Martin, J. D. (2014). Financial Management, Principles and Applications (12 ed.). : Pearson EDU. | Project management | Project management is the organization of pace of a job and improvement of process.