This is expected to be paid back within 8 years by monthly paid instalments of £5.718.41 which was calculated on a 5.1% interest rate. 3.1.11 Master Budget The master budget is “a summary of company’s plan which formalizes the whole budget system into one single final document in which all the operational budgets flow; its goal is to draft the main economic and financial statement”. (Reference
5/ Pays a cheque for £5000 to Mr Sort. 6/ Sells goods to a customer, Mr Green on credit for £16000. 7/ Pays £9000 wages for the period. Required : a) Record each of the above transactions for the first week in the ledger accounts. b) Balance the accounts and prepare the trial balance at the end of week 1.
True False The job cost sheet is used in both job-order and process costing. True False Byklea Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 200 units. The costs and percentage completion of these units in beginning inventory were: A total of 7,000 units were started and 6,700 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: The ending inventory was 90% complete with respect to materials and 45% complete with respect to conversion costs.
The next day, Dan offered to conduct the audit for $8,000. On learning of Dan’s offer, Carol immediately e-mailed BNI, agreeing to do the work for $10,000. BNI received this e-mail on May 7. Explain why BNI and Carol do, or do not, have a contract. In this situation, BNI and Carol do not have a contract.
C) $30,000. D) $12,000. 4. Rhoden Company wrote checks totaling $17,080 during October and $18,650 during November. $16,240 of these checks cleared the bank in October, and $18,220 cleared the bank in November.
45-11, the debt of Jettison Manufacturing became callable at the beginning of 2d year “because the debtor's violation of a provision of the debt agreement at the balance sheet date”. Nevertheless, as Jettison Manufacturing “has cured the violation after the balance sheet date and the obligation is not callable at the time the financial statements are issued or are available to be issued” , the National “has waived or subsequently lost the right to demand repayment for more than one year from the balance sheet date”. Thus par.45-11a gives the company the right to reclassify the current liability into a long-term debt before preparing year 2s financial
Financial Reporting Problem - Part II ACC/290 Abstract This week’s essay is a continuation of last week’s topic: Financial Reporting of Wal-Mart Corporation. The topics covered will analyze the information contained in Wal-Mart’s balance sheet and income statement and discuss Wal-Mart’s assets listed under the company’s current assets list and whether or not they them in the proper order. Also covered is how these assets get classified. Breaking down these documents into the cash equivalents, the company’s total current liabilities at the end of its most recent annual reporting period compared to their total current liabilities at the end of the previous annual reporting period. By placing further consideration on
MKTG 420 All Discussion Questions Week 1 - 7 Purchase here http://devrycourse.com/mktg420alldiscussionquestionsweek17 Product Description MKTG 420 Week 1 DQ 1 Successful Sales Management Read the Team Exercise, “Who to Promote” on page 13 in the text, and then discuss the following questions. (graded) a) What are the most important qualities that your company should look for in an area sales manager? b) Which of the two candidates would you recommend for the job? Why? c) Each of the candidates has some strengths and weaknesses they would bring to the job.
Jarrard wrote up the store’s preopening financial transactions in journal form to serve as an example (Exhibit 1). Thompson agreed to write up the remainder of the store’s September financial transactions for Jarrard’s later review. EXHIBIT 1: General Journal At the end of September, Thompson had the following items to record: Questions 1. Explain the events that probably gave rise to journal entries 1 through 8 of Exhibit 1. 1) A loan was taken out to help with the reopening of the store, capital (cash) is increased.
When Mattel, in July 2007, learned of the problems of lead paint in their product and magnets that could be swallowed by children causing serious health issues, they acted quickly by issuing voluntary recalls one after another starting on August 1, 2007. Over a year after the recalls it was reported that Mattel had recalled a total of 21 million toys from China as a result of the lead paint and magnets. In December 2008, Mattel reached a settlement with 39 states to pay $12 million dollars. The interesting part is that the money is to be used to educate the public about the dangers of lead paint and lead poisoning. In more recent years Mattel is still