This document consists of a 20 page examination for Cambridge International Examinations' General Certificate of Secondary Education in Accounting. The summary provides high-level information about the content and questions included in the document. The document includes questions about accounting entries, definitions of accounting terms like provision for doubtful debts, and completing control accounts. It tests students' understanding of basic accounting principles and procedures.
This document consists of a 17 page specimen paper for the Cambridge International General Certificate of Secondary Education Accounting exam. It includes 4 questions assessing various accounting concepts and requiring calculations, journal entries, and preparation of ledger accounts.
The first question involves partnership accounting, including calculation of partner's shares of profit, preparation of partner's current accounts, and partner's capital accounts.
The second question involves preparation of ledger accounts for insurance expenses and correcting errors discovered after a trial balance.
The third question involves preparation of a subscriptions ledger account for a sports club and calculation of purchases for a shop owned by the club.
The fourth question explains entries in a customer account in a sales ledger.
FINANCIAL ACCOUNTING PRINCIPLES Assessment 4: Accounting for Liabilities and ...JanaNildof
1. Data Resources, Inc. engaged in short-term financing transactions in 2011-2012 involving accounts payable, notes payable, and accrued interest. Journal entries are required to record these transactions, including notes maturing on April 29, 2012, June 16, 2012, and January 30, 2012.
2. Fromer issued $3 million of 12-year bonds on January 1, 2012 at a discount. Semi-annual interest payments are due on June 30 and December 31 each year. Journal entries are needed to record the bond issuance and amortize the discount over the life of the bonds.
3. TransWorld Inc. had stockholder equity transactions in 2011, including treasury stock purchases
1
june 30 ,2015
Group 4
Project Status Report
To: Dr. Bingbing Li
From: Sulaiman alarifi , khalid Alkatheeri , Ali Alsaggaf, Almalki,Abdulaziz Ahmed , Abdullah Bafarat
Date: June 30, 2015
Subject: Project II remodeling manufacturing workshop of the Department of MSEM at CSUN
Project Overview
The focus of the project is the plan of reorganizing and remodeling of the manufacturing workshop of the Department of MSEM at CSUN(JD-1128). Our main tasks are developing a new comprehensive remodeling plan and design a new efficient convenient floor layout where the full area of is accessible from the main entrance as well as the back door. The following bullet points are summarizing the workflow of planning and layout design.
Work Completed
Dilemmas at the workshop are space utilization efficiency, overcrowded equipment and infrequently used tools taking space. The proposed solution is relocating the machines in a way to maximize space efficiency, tools turnover where big machines can be replaced with smaller one and deliver same quality of work, and relocating and resizing storage area. In addition, a safe walk path is needed for customers to move from workstation to another or move product with the workshop.
The data we have collected are workshop back ground, workshop area and tools dimensions. Full data is appended.
gantt chart
Data collecetion :
Machine list and dimansions
Machine
Width (inch)
Length (inch)
1- Wilton- Sand paper machine
1 ft
1 ft
2- 508 vs Drilling machine (Model 9512484)
1ft
1.5ft
3- Acer E-Lathe 1440v
2.7ft
1 ft
4- DAKE V-24(Model v-24)
1ft
2ft
5- NEF 320 Gildemeister
4ft
2-5ft
6- VF3 HAAS
6ft
3ft
7- Computer Table area
8- The Morgan-Press
0.5ft
0.6
9- Hypred layer manufacturing 3D printer
1ft
1ft
10- Lincoln Electric
3.6ft
1.3ft
11- Millermatic 350P
0.5ft
1ft
12- Inductronix power pulse
1ft
0.7ft
13- HAAS Mill operators
4ft
3ft
14- CMM Machine- Bright-M mitutoyo
3ft
2ft
15- Thermoset 3D printer
3 ft
1.2 ft
16- Dimension SST 1200 3D Printer
1ft
1.3 ft
17- Maker Boot Replicator 3D Printer
1 ft
1 ft
18- Cube X DUO 3D Printer
1 ft
1ft
19- Ryobi thin line bench grinder
1ft
1.3ft
20- Syncowave 180 sd
0.5ft
1.5ft
21- E-mill
3ft
2.1ft
22- Quill position control
23- Bal dou
1ft
0.5ft
Work in Progress
Currently we are reviewing the feasibility of our proposed solution and coordinating personal interviews with Roger and workshop customers. In addition, we are reviewing class material to find a quantitative representation of proposed solution and prospect ideas.
Works to Be Completed in Next One Months
There are paramount tasks and milestone need to be done and finalized before the due date. The first one is creating the outline for the final report and auditing the outline against the grading guide line. Write the first draft of the report and review with team. Second task is expanding and detailing the current project plan and objectives. Third task is evaluating the new method versus the cur.
The document is a practice test for a financial accounting midterm at the National University of Singapore Business School. It consists of 25 multiple choice questions covering various topics in financial accounting, including the accounting equation, adjusting entries, trial balances, accounts receivable, and financial statements. Students are instructed to answer all questions by marking their responses on a scantron sheet within the allotted time of 1 hour and 15 minutes.
The document is a practice test for a mid-term exam in financial accounting. It consists of 25 multiple choice questions covering various concepts in financial accounting including the accounting equation, adjusting entries, trial balances, income measurement, and more. Students are instructed to answer all questions by marking their responses on a scantron sheet within the 1 hour and 15 minute time limit.
This document provides instructions and questions for a mid-term practice test in financial accounting for the National University of Singapore NUS Business School. It consists of 25 multiple choice questions covering topics like the accounting equation, adjusting entries, preparing financial statements, and calculating accounts receivable turnover rates. Students have 1 hour and 15 minutes to complete the test and are instructed to shade their answers on a scantron sheet using their name and student ID number for identification.
This document is an application form for DBBL's Deposit Plus Scheme (DPS). It collects applicant details like name, address, nominee details. It allows the applicant to choose a monthly installment between BDT 500-5,000 for a tenure of 3, 5, 8 or 10 years. The bank will pay the principal plus interest on maturity. Key terms include a BDT 100 fee for premature closure within 6 months, otherwise prevailing interest rates apply. The applicant agrees to the terms and conditions overleaf regarding taxation, inactive accounts, and the bank's right to amend terms.
The document provides information about partnership accounts for the Cambridge O Level including:
- An introduction to partnerships, partnership agreements, and key accounting areas related to partnerships.
- Sample partnership agreement content and accounting treatments for loans from partners, profit and loss appropriation accounts, capital accounts, current accounts, and statements of financial position.
- Past paper questions including financial information for a partnership between Jian and Shen and requirements to prepare income statements, appropriation accounts, and statements of financial position.
This document consists of a 17 page specimen paper for the Cambridge International General Certificate of Secondary Education Accounting exam. It includes 4 questions assessing various accounting concepts and requiring calculations, journal entries, and preparation of ledger accounts.
The first question involves partnership accounting, including calculation of partner's shares of profit, preparation of partner's current accounts, and partner's capital accounts.
The second question involves preparation of ledger accounts for insurance expenses and correcting errors discovered after a trial balance.
The third question involves preparation of a subscriptions ledger account for a sports club and calculation of purchases for a shop owned by the club.
The fourth question explains entries in a customer account in a sales ledger.
FINANCIAL ACCOUNTING PRINCIPLES Assessment 4: Accounting for Liabilities and ...JanaNildof
1. Data Resources, Inc. engaged in short-term financing transactions in 2011-2012 involving accounts payable, notes payable, and accrued interest. Journal entries are required to record these transactions, including notes maturing on April 29, 2012, June 16, 2012, and January 30, 2012.
2. Fromer issued $3 million of 12-year bonds on January 1, 2012 at a discount. Semi-annual interest payments are due on June 30 and December 31 each year. Journal entries are needed to record the bond issuance and amortize the discount over the life of the bonds.
3. TransWorld Inc. had stockholder equity transactions in 2011, including treasury stock purchases
1
june 30 ,2015
Group 4
Project Status Report
To: Dr. Bingbing Li
From: Sulaiman alarifi , khalid Alkatheeri , Ali Alsaggaf, Almalki,Abdulaziz Ahmed , Abdullah Bafarat
Date: June 30, 2015
Subject: Project II remodeling manufacturing workshop of the Department of MSEM at CSUN
Project Overview
The focus of the project is the plan of reorganizing and remodeling of the manufacturing workshop of the Department of MSEM at CSUN(JD-1128). Our main tasks are developing a new comprehensive remodeling plan and design a new efficient convenient floor layout where the full area of is accessible from the main entrance as well as the back door. The following bullet points are summarizing the workflow of planning and layout design.
Work Completed
Dilemmas at the workshop are space utilization efficiency, overcrowded equipment and infrequently used tools taking space. The proposed solution is relocating the machines in a way to maximize space efficiency, tools turnover where big machines can be replaced with smaller one and deliver same quality of work, and relocating and resizing storage area. In addition, a safe walk path is needed for customers to move from workstation to another or move product with the workshop.
The data we have collected are workshop back ground, workshop area and tools dimensions. Full data is appended.
gantt chart
Data collecetion :
Machine list and dimansions
Machine
Width (inch)
Length (inch)
1- Wilton- Sand paper machine
1 ft
1 ft
2- 508 vs Drilling machine (Model 9512484)
1ft
1.5ft
3- Acer E-Lathe 1440v
2.7ft
1 ft
4- DAKE V-24(Model v-24)
1ft
2ft
5- NEF 320 Gildemeister
4ft
2-5ft
6- VF3 HAAS
6ft
3ft
7- Computer Table area
8- The Morgan-Press
0.5ft
0.6
9- Hypred layer manufacturing 3D printer
1ft
1ft
10- Lincoln Electric
3.6ft
1.3ft
11- Millermatic 350P
0.5ft
1ft
12- Inductronix power pulse
1ft
0.7ft
13- HAAS Mill operators
4ft
3ft
14- CMM Machine- Bright-M mitutoyo
3ft
2ft
15- Thermoset 3D printer
3 ft
1.2 ft
16- Dimension SST 1200 3D Printer
1ft
1.3 ft
17- Maker Boot Replicator 3D Printer
1 ft
1 ft
18- Cube X DUO 3D Printer
1 ft
1ft
19- Ryobi thin line bench grinder
1ft
1.3ft
20- Syncowave 180 sd
0.5ft
1.5ft
21- E-mill
3ft
2.1ft
22- Quill position control
23- Bal dou
1ft
0.5ft
Work in Progress
Currently we are reviewing the feasibility of our proposed solution and coordinating personal interviews with Roger and workshop customers. In addition, we are reviewing class material to find a quantitative representation of proposed solution and prospect ideas.
Works to Be Completed in Next One Months
There are paramount tasks and milestone need to be done and finalized before the due date. The first one is creating the outline for the final report and auditing the outline against the grading guide line. Write the first draft of the report and review with team. Second task is expanding and detailing the current project plan and objectives. Third task is evaluating the new method versus the cur.
The document is a practice test for a financial accounting midterm at the National University of Singapore Business School. It consists of 25 multiple choice questions covering various topics in financial accounting, including the accounting equation, adjusting entries, trial balances, accounts receivable, and financial statements. Students are instructed to answer all questions by marking their responses on a scantron sheet within the allotted time of 1 hour and 15 minutes.
The document is a practice test for a mid-term exam in financial accounting. It consists of 25 multiple choice questions covering various concepts in financial accounting including the accounting equation, adjusting entries, trial balances, income measurement, and more. Students are instructed to answer all questions by marking their responses on a scantron sheet within the 1 hour and 15 minute time limit.
This document provides instructions and questions for a mid-term practice test in financial accounting for the National University of Singapore NUS Business School. It consists of 25 multiple choice questions covering topics like the accounting equation, adjusting entries, preparing financial statements, and calculating accounts receivable turnover rates. Students have 1 hour and 15 minutes to complete the test and are instructed to shade their answers on a scantron sheet using their name and student ID number for identification.
This document is an application form for DBBL's Deposit Plus Scheme (DPS). It collects applicant details like name, address, nominee details. It allows the applicant to choose a monthly installment between BDT 500-5,000 for a tenure of 3, 5, 8 or 10 years. The bank will pay the principal plus interest on maturity. Key terms include a BDT 100 fee for premature closure within 6 months, otherwise prevailing interest rates apply. The applicant agrees to the terms and conditions overleaf regarding taxation, inactive accounts, and the bank's right to amend terms.
The document provides information about partnership accounts for the Cambridge O Level including:
- An introduction to partnerships, partnership agreements, and key accounting areas related to partnerships.
- Sample partnership agreement content and accounting treatments for loans from partners, profit and loss appropriation accounts, capital accounts, current accounts, and statements of financial position.
- Past paper questions including financial information for a partnership between Jian and Shen and requirements to prepare income statements, appropriation accounts, and statements of financial position.
Partnership Accounts
Cambridge IGCSE 7707
Cambridge O Level
Edexcel IGCSE
All the theories, past papers, model questions
you can contact me for further support:
wtsapp : +94 77 903 59 40
Del Monte and Smithfield both calculate receivables turnover annually to evaluate how efficiently they collect on credit sales. In the most recent year:
- Del Monte's receivables turnover was 15.6, meaning it collected its average accounts receivable over 15.6 times during the year.
- Smithfield's receivables turnover was lower at 12, collecting its average receivables over 12 times during the year.
- A higher receivables turnover generally indicates more efficient collection of credit sales, so Del Monte appears to collect on credit sales more efficiently than Smithfield based on their most recent receivables turnover calculations.
- Jack started a plastic goods business in 2013 with $30,000 motor vehicle, $75,000 in bank, $10,000 loan from sister.
- The document provides Jack's transactions for February 2013 and financial information for 2013 year-end.
- Using this information, the assistant is asked to prepare opening entries, Jack's two-column cashbook for February, calculate motor vehicle depreciation, trading profit and loss account, current/acid test ratios, and closing capital.
The document contains terms and conditions for Rural Bank accounts and payment products, including cheques, automatic payments, internet and phone banking. It applies to the Rural Bank Seasonal Account and Rural Bank AgriManager Account. The terms consist of this document and the Rural Bank Schedule of Fees and Charges booklet. Additional terms may also apply if a credit facility is attached to the accounts. Customers should read all documents carefully before opening an account.
Aerospace CrdtAff Pre Prod Spd Jul05 to Dec05taxman taxman
This document is an affidavit for aerospace companies to claim a tax credit for qualified preproduction development expenditures made between July 1, 2005 and December 31, 2005 in Washington state. Taxpayers must estimate their expenditures, business and occupation (B&O) taxable amount, and tax liability for the period. The estimated credit is 1.5% of qualified expenditures. Taxpayers can take the lesser of the estimated credit or their B&O tax liability for the period as a credit on their excise tax return. Any unused estimated credit for this period cannot be carried forward.
This document is an affidavit for aerospace companies to claim a tax credit for qualified preproduction development expenditures made between July 1, 2005 and December 31, 2005 in Washington state. Taxpayers must estimate their expenditures, business and occupation (B&O) taxable amount, and tax liability for the period. The estimated credit is 1.5% of qualified expenditures. Taxpayers can take the lesser of the estimated credit or their B&O tax liability for the period as a credit on their excise tax return. Any unused estimated credit for this period cannot be carried forward.
ACCT 221 Final Exam Sum13 1 Final Examination Princ.docxannetnash8266
ACCT 221 Final Exam Sum13 1
Final Examination
Principles of Accounting lI
ACCT 221
Summer 2013
Administrative Notes:
You may use a calculator, your textbook, WileyPLUS resources, and
anything posted in our WebTycho classroom.
The exam must be completed and submitted within 4 hours of the time you
open the private message that contains your exam.
Type all answers on the Answer Sheet, which is also attached to
the Private Message.
Attach your completed Answer Sheet in your assignment folder in
WebTycho.
Late submissions will be penalized 10% per hour and any portion of an hour.
ACCT 221 Final Exam Sum13 2
Multiple Choice: 2 points each
1. On January 1, 2013, Daniels Corporation issued $5,000,000, 10-year, 8% bonds
at 103. Interest is payable semiannually on January 1 and July 1. The journal
entry to record this transaction on January 1, 2013 is
a. Cash ............................................................................ 5,000,000
Bonds Payable ..................................................... 5,000,000
b. Cash ............................................................................ 5,150,000
Bonds Payable ..................................................... 5,150,000
c. Premium on Bonds Payable ........................................ 150,000
Cash ............................................................................ 5,000,000
Bonds Payable ..................................................... 5,150,000
d. Cash ............................................................................ 5,150,000
Bonds Payable ..................................................... 5,000,000
Premium on Bonds Payable ................................ 150,000
2. Levin Company issued 500 shares of no-par common stock for $5,500. Which of
the following journal entries would be made if the stock has a stated value of
$2 per share?
a. Cash 5,500
Common Stock 5,500
b. Cash 5,500
Common Stock 1,000
Paid-in Capital in Excess of Par 4,500
c. Cash 5,500
Common Stock 1,000
Paid-in Capital in Excess of Stated Value 4,500
d. Common Stock 5,500
Cash 5,500
ACCT 221 Final Exam Sum13 3
3. Motes industries owns 45% of Newton Company. For the current year, Newton
reports net income of $250,000 and declares and pays a $60,000 cash
dividend. Which of the following correctly presents the journal entries to
record Motes’ equity in Newton’s net income and the receipt of dividends
from Newton?
a. Dec. 31 Stock Investments .......................... 112,500
Revenue from Stock Investments 112,500
Dec. 31 Cash ................................................ 27,000
Stock Investments .................... 27,000
b. Dec. 31 Stock Investments ........................... 112,500
Revenue from Stock In.
This document discusses internal controls over cash, including effective systems of internal control, the bank account as a control device, preparing bank reconciliations, internal controls over cash receipts and disbursements, petty cash disbursements, and the voucher system. It provides steps for preparing bank reconciliations, examples of internal controls for cash receipts and disbursements, and an overview of how the voucher system works with supporting documents and approval processes. The document is a reference on cash controls and procedures for an organization.
BUYER'S GUIDE TO OWNING A DMCI HOMES PROPERTY, DMCI BUYER'S GUIDERodrigo Martin
BUYER'S GUIDE TO OWNING A DMCI HOMES PROPERTY
Thank you for making the smart choice by choosing DMCI HOMES. We are truly honored to be part of your family. Allow us to welcome you by guiding you through the important steps of owning a home. Here, each step has been detailed and outlined to make owning your new DMCI HOME a truly hastle-free experience.
Sheet1Your Name:Unit Mix SummaryUnitsTypeApprox. SFAvg. ContactTotal MonthlyMarket RentsTotal Monthly Market Rents71 bd/1 ba600$1,462$1,50032 bd/1 ba800$1,785$1,850Totals10AcquisitionOperationsFinancingDispositionGross Income Multiplier14.50Rental Increase3%Interest Rate3.625%Exit Cap Rate4.75%Prop. Tax Rate1.15%Vacancy2%Term30Costs of Sale1%Prop Tax Incr.2%Property Mgmt5%Debt Cov. Ratio1.25Broker Comm.5%Acquisition Costs$10,000Laundry Inc.$15Points1.00Discount Rate14%Op. Exp. Incr.2.50%Year0123456Rental IncomeLaundryGROSS SCHEDULED INCOMETurnover VacancyGROSS OPERATING INCOMEExpensesProperty Management FeeBuilding Insurance$ 2,195.00Grounds Maintenance$ 1,560.00Maintenance$ 2,500.00Pest Control$ 600.00Reserves$ 1,700.00Taxes - Real EstateTrash Removal$ 1,000.00Utilities - Gas & Electric$ 2,500.00Utilities - Water & Sewer$ 5,000.00TOTAL OPERATING EXPENSESNET OPERATING INCOMEAnnual Debt ServiceCash Flows Before Taxes - OperationsPurchase PriceSale PriceLoan AmountCosts of SaleAcquisition CostsBroker Comm.Loan PointsLoan BalanceInitial Equity Net Sale ProceedsEquity Cash Flows Before TaxesIRRPV of Cash FlowsInitial InvestmentNet Present ValueCash on CashLoan to Value Ratio
Homework 3
Finance 331 – Fall 2016
This assignment is due December 8, 2016 at 7pm.
Review the attached listing information on 4474 Winona Avenue, San Diego, CA 92115. Your assignment
is to reconstruction the proforma for this property to evaluate it with alternative investment assumptions.
You are to complete an Excel Spreadsheet to measure the potential investment performance of this
property. Your score will be reduced by 2 points out of 10 if you do not use Excel formulas to make
calculations.
Rents: Our review of market conditions indicate that market rents for the one-bedroom units is $1,500
per month and two-bedroom units will rent for $1,850 per month. We expect market rents to increase
by 3% per year. Use market rents to determine rental income for year 1.
Other income: There is an on-site laundry that will produce $15/unit per month.
Vacancy and credit losses will be 2% per year.
Property taxes will be 1.15% of the purchase price for the first year and increase by 2% per year.
Property Management will cost 5% of Gross Operating Income.
We agree with the broker’s estimates for the other operating costs. However, we believe they will increase
by 2.5% per year.
Our offer will be determined by a Gross Income Multiplier of 14.5 of Gross Scheduled Income. Acquisition
costs will be $10,000 plus 1 point on the loan.
Financing: Interest rate of 3.625% amortized over 30 years. The rate will be fixed for 5 years. Debt
Coverage Ratio of 1.25 will be used to determine the loan amount.
Disposition: We plan to hold the property for 5 years. At the end of year 5, the sale price is estimated
using an “Exit Cap Rate” of 4.5% based on the NOI for year 6. We will pay a brokerage commission of 5%
of the sale price plus other closin.
The document provides an overview of the invoice to cash process, including issuing invoices, managing payments, and reconciling accounts. Key steps include configuring payment terms, issuing invoices from orders or new records, monitoring payments, and reconciling payments through bank statements. The roles of finance and sales are involved in the process of getting paid by customers from invoice through receipt of funds.
This document appears to be a managerial accounting assignment submitted by a student named Asim Javed. It includes 7 questions requiring calculations of variances, budgets, cash flows, and costing. For question 7, the student is asked to calculate costs under 4 definitions and determine the markup percentage needed to earn a target profit of $317,000 on a new product line based on total cost. The detailed calculations and variances are not summarized due to the technical nature of the accounting questions.
Comprehensive Problem More Co. is a merchandising business. The.docxmaxinesmith73660
Comprehensive Problem
More Co. is a merchandising business. The account balances for More Co. as of November 30, 2012 (unless otherwise indicated), are as follows:
110
Cash
$ 13,920
112
Accounts Receivable
34,220
115
Merchandise Inventory
133,900
116
Prepaid Insurance
3,750
117
Store Supplies
2,550
123
Store Equipment
114,300
124
Accumulated Depreciation-Store Equipment
12,600
210
Accounts Payable
21,450
211
Salaries Payable
0
218
Interest Payable
0
220
Note Payable (Due 2017)
10,000
310
P. Williams, Capital (January 1, 2012)
103,280
311
P. Williams, Drawing
10,000
312
Income Summary
0
410
Sales
715,800
411
Sales Returns and Allowances
20,600
412
Sales Discounts
13,200
510
Cost of Merchandise Sold
360,500
520
Sales Salaries Expense
74,400
521
Advertising Expense
18,000
522
Depreciation Expense
0
523
Store Supplies Expense
0
529
Miscellaneous Selling Expense
2,800
530
Office Salaries Expense
40,500
531
Rent Expense
18,600
532
Insurance Expense
0
539
Miscellaneous Administrative Expense
1,650
550
Interest Expense
240
More Co. uses the perpetual inventory system and the last-in, first-out costing method. Transportation-in and purchase discounts should be added to the Inventory Control Sheet, but since this will complicate the computation of the Last-in, first-out costing method, please ignore this step in the process.
More Co. sells four types of television entertainment units.
The sales price of each are:
TV A: $3,500
TV B: $5,250
TV C: $6,125
PS D: $9,000
During December, the last month of the accounting year, the following transactions were completed:
Dec.
1. Issued check number 2632 for the December rent, $1,600.
3. Purchased four TV C units on account from Prince Co., terms 2/10, n/30, FOB shipping point, $14,800.
4. Issued check number 2633 to pay the transportation changes on purchase of December 3, $400. (NOTE: Do not include shipping and purchase discounts to the Inventory Control sheet for this project.)
6. Sold four TV A and 4 TV B on account to Albert Co., invoice 891, terms 2/10, n/30, FOB shipping point.
7. Received $7,500 cash from Marie Co. on account, no discount.
10. Sold two project systems for cash.
11. Purchased store supplies on account from Matt Co., terms 1/10, n/30,
$620.
13. Issued check number 2634 for merchandise purchased on December 3, less discount.
14. Issued credit memo for one TV A unit returned on sale of December 6.
15. Issued check number 2635 for advertising expense for last half of December, $1,500.
16. Received cash from sale of December 6, less return of December 14 and discount.
19. Issued check number 2636 for two TV C units, $7,600.
19. Issued check number 2637 for $6,100 to Jose.
This document consists of transactions for Saffie's business for the month of September 2017. It includes 20 transactions to be recorded in Saffie's petty cash book, cash book, and a bank reconciliation statement. Key details include a dishonored cheque, cash and credit sales, payments to suppliers and employees, and discrepancies between Saffie's cash book and bank statement.
Cambridge International Advanced Level
Accounting (9706)
A Level - Paper 3
Financial Accounting
Consignment Accounts
Consignor , Consignee/Agent, Commission
Del Credere Commission
All the theories with steps
if you want a support to complete this tute, text me on Wtsapp : +94779035940
All the past papers and model papers
All the best children..!
Nepal Budget Highlight 2074/75 (2017/18) Tax RatesCA. Tika Karki
The document summarizes key aspects of Nepal's budget for fiscal year 2074/75, including:
- The budget's objectives are to support implementing the new constitution, attain sustainable and inclusive economic growth, maintain macroeconomic stability, and enhance public services.
- The budget's total amount is NRs. 1,278.99 billion, with revenue as the primary source of funds.
- Funds are allocated to various sectors, with the largest allocations for infrastructure development, social development, and productive sector development.
This document summarizes the results of an accounting quiz show with 12 participants from various schools and universities. It lists the top 8 winners and their school affiliations. It also provides the mechanics of the quiz, which included three difficulty levels (easy, average, difficult) and categories (true/false, multiple choice, identification). Sample questions are shown for each level.
The document is a financial plan prepared by Eduardo Vargas, a financial planner at Investza, for clients Mr. and Mrs. Wilkinson. It includes a net worth statement, annual cash flow statement, analysis of assets and liabilities, annual living expenses, and financial ratios for the Wilkinsons. The financial plan was commissioned to help the Wilkinsons achieve their financial goals through retirement planning, debt management, and investment strategies.
This document is a financial supplement from Genworth Financial for the second quarter of 2007. It includes sections on net income, balance sheets, investments and sales by business segment. Some highlights include:
- Net income for various periods including the second quarter of 2007 and comparisons to prior years.
- Balance sheet information as of June 30, 2007 with comparisons to prior quarters. Total stockholders' equity excluding other comprehensive income was $12.4 billion as of Q2 2007.
- Sales and revenue information by business segment including Retirement and Protection, International, and U.S. Mortgage Insurance for the second quarter and comparisons to prior quarters.
This document is a financial supplement providing quarterly financial results for Genworth Financial, Inc. for the second quarter of 2007. It includes sections on net income, net operating income by business segment, balance sheets, investment portfolio details, and non-GAAP financial reconciliations. The supplement aims to provide transparency into financial trends through new disclosures on metrics like U.S. mortgage insurance growth, losses, and portfolio quality as well as regional sales data for payment protection insurance.
Digital Marketing with a Focus on Sustainabilitysssourabhsharma
Digital Marketing best practices including influencer marketing, content creators, and omnichannel marketing for Sustainable Brands at the Sustainable Cosmetics Summit 2024 in New York
Partnership Accounts
Cambridge IGCSE 7707
Cambridge O Level
Edexcel IGCSE
All the theories, past papers, model questions
you can contact me for further support:
wtsapp : +94 77 903 59 40
Del Monte and Smithfield both calculate receivables turnover annually to evaluate how efficiently they collect on credit sales. In the most recent year:
- Del Monte's receivables turnover was 15.6, meaning it collected its average accounts receivable over 15.6 times during the year.
- Smithfield's receivables turnover was lower at 12, collecting its average receivables over 12 times during the year.
- A higher receivables turnover generally indicates more efficient collection of credit sales, so Del Monte appears to collect on credit sales more efficiently than Smithfield based on their most recent receivables turnover calculations.
- Jack started a plastic goods business in 2013 with $30,000 motor vehicle, $75,000 in bank, $10,000 loan from sister.
- The document provides Jack's transactions for February 2013 and financial information for 2013 year-end.
- Using this information, the assistant is asked to prepare opening entries, Jack's two-column cashbook for February, calculate motor vehicle depreciation, trading profit and loss account, current/acid test ratios, and closing capital.
The document contains terms and conditions for Rural Bank accounts and payment products, including cheques, automatic payments, internet and phone banking. It applies to the Rural Bank Seasonal Account and Rural Bank AgriManager Account. The terms consist of this document and the Rural Bank Schedule of Fees and Charges booklet. Additional terms may also apply if a credit facility is attached to the accounts. Customers should read all documents carefully before opening an account.
Aerospace CrdtAff Pre Prod Spd Jul05 to Dec05taxman taxman
This document is an affidavit for aerospace companies to claim a tax credit for qualified preproduction development expenditures made between July 1, 2005 and December 31, 2005 in Washington state. Taxpayers must estimate their expenditures, business and occupation (B&O) taxable amount, and tax liability for the period. The estimated credit is 1.5% of qualified expenditures. Taxpayers can take the lesser of the estimated credit or their B&O tax liability for the period as a credit on their excise tax return. Any unused estimated credit for this period cannot be carried forward.
This document is an affidavit for aerospace companies to claim a tax credit for qualified preproduction development expenditures made between July 1, 2005 and December 31, 2005 in Washington state. Taxpayers must estimate their expenditures, business and occupation (B&O) taxable amount, and tax liability for the period. The estimated credit is 1.5% of qualified expenditures. Taxpayers can take the lesser of the estimated credit or their B&O tax liability for the period as a credit on their excise tax return. Any unused estimated credit for this period cannot be carried forward.
ACCT 221 Final Exam Sum13 1 Final Examination Princ.docxannetnash8266
ACCT 221 Final Exam Sum13 1
Final Examination
Principles of Accounting lI
ACCT 221
Summer 2013
Administrative Notes:
You may use a calculator, your textbook, WileyPLUS resources, and
anything posted in our WebTycho classroom.
The exam must be completed and submitted within 4 hours of the time you
open the private message that contains your exam.
Type all answers on the Answer Sheet, which is also attached to
the Private Message.
Attach your completed Answer Sheet in your assignment folder in
WebTycho.
Late submissions will be penalized 10% per hour and any portion of an hour.
ACCT 221 Final Exam Sum13 2
Multiple Choice: 2 points each
1. On January 1, 2013, Daniels Corporation issued $5,000,000, 10-year, 8% bonds
at 103. Interest is payable semiannually on January 1 and July 1. The journal
entry to record this transaction on January 1, 2013 is
a. Cash ............................................................................ 5,000,000
Bonds Payable ..................................................... 5,000,000
b. Cash ............................................................................ 5,150,000
Bonds Payable ..................................................... 5,150,000
c. Premium on Bonds Payable ........................................ 150,000
Cash ............................................................................ 5,000,000
Bonds Payable ..................................................... 5,150,000
d. Cash ............................................................................ 5,150,000
Bonds Payable ..................................................... 5,000,000
Premium on Bonds Payable ................................ 150,000
2. Levin Company issued 500 shares of no-par common stock for $5,500. Which of
the following journal entries would be made if the stock has a stated value of
$2 per share?
a. Cash 5,500
Common Stock 5,500
b. Cash 5,500
Common Stock 1,000
Paid-in Capital in Excess of Par 4,500
c. Cash 5,500
Common Stock 1,000
Paid-in Capital in Excess of Stated Value 4,500
d. Common Stock 5,500
Cash 5,500
ACCT 221 Final Exam Sum13 3
3. Motes industries owns 45% of Newton Company. For the current year, Newton
reports net income of $250,000 and declares and pays a $60,000 cash
dividend. Which of the following correctly presents the journal entries to
record Motes’ equity in Newton’s net income and the receipt of dividends
from Newton?
a. Dec. 31 Stock Investments .......................... 112,500
Revenue from Stock Investments 112,500
Dec. 31 Cash ................................................ 27,000
Stock Investments .................... 27,000
b. Dec. 31 Stock Investments ........................... 112,500
Revenue from Stock In.
This document discusses internal controls over cash, including effective systems of internal control, the bank account as a control device, preparing bank reconciliations, internal controls over cash receipts and disbursements, petty cash disbursements, and the voucher system. It provides steps for preparing bank reconciliations, examples of internal controls for cash receipts and disbursements, and an overview of how the voucher system works with supporting documents and approval processes. The document is a reference on cash controls and procedures for an organization.
BUYER'S GUIDE TO OWNING A DMCI HOMES PROPERTY, DMCI BUYER'S GUIDERodrigo Martin
BUYER'S GUIDE TO OWNING A DMCI HOMES PROPERTY
Thank you for making the smart choice by choosing DMCI HOMES. We are truly honored to be part of your family. Allow us to welcome you by guiding you through the important steps of owning a home. Here, each step has been detailed and outlined to make owning your new DMCI HOME a truly hastle-free experience.
Sheet1Your Name:Unit Mix SummaryUnitsTypeApprox. SFAvg. ContactTotal MonthlyMarket RentsTotal Monthly Market Rents71 bd/1 ba600$1,462$1,50032 bd/1 ba800$1,785$1,850Totals10AcquisitionOperationsFinancingDispositionGross Income Multiplier14.50Rental Increase3%Interest Rate3.625%Exit Cap Rate4.75%Prop. Tax Rate1.15%Vacancy2%Term30Costs of Sale1%Prop Tax Incr.2%Property Mgmt5%Debt Cov. Ratio1.25Broker Comm.5%Acquisition Costs$10,000Laundry Inc.$15Points1.00Discount Rate14%Op. Exp. Incr.2.50%Year0123456Rental IncomeLaundryGROSS SCHEDULED INCOMETurnover VacancyGROSS OPERATING INCOMEExpensesProperty Management FeeBuilding Insurance$ 2,195.00Grounds Maintenance$ 1,560.00Maintenance$ 2,500.00Pest Control$ 600.00Reserves$ 1,700.00Taxes - Real EstateTrash Removal$ 1,000.00Utilities - Gas & Electric$ 2,500.00Utilities - Water & Sewer$ 5,000.00TOTAL OPERATING EXPENSESNET OPERATING INCOMEAnnual Debt ServiceCash Flows Before Taxes - OperationsPurchase PriceSale PriceLoan AmountCosts of SaleAcquisition CostsBroker Comm.Loan PointsLoan BalanceInitial Equity Net Sale ProceedsEquity Cash Flows Before TaxesIRRPV of Cash FlowsInitial InvestmentNet Present ValueCash on CashLoan to Value Ratio
Homework 3
Finance 331 – Fall 2016
This assignment is due December 8, 2016 at 7pm.
Review the attached listing information on 4474 Winona Avenue, San Diego, CA 92115. Your assignment
is to reconstruction the proforma for this property to evaluate it with alternative investment assumptions.
You are to complete an Excel Spreadsheet to measure the potential investment performance of this
property. Your score will be reduced by 2 points out of 10 if you do not use Excel formulas to make
calculations.
Rents: Our review of market conditions indicate that market rents for the one-bedroom units is $1,500
per month and two-bedroom units will rent for $1,850 per month. We expect market rents to increase
by 3% per year. Use market rents to determine rental income for year 1.
Other income: There is an on-site laundry that will produce $15/unit per month.
Vacancy and credit losses will be 2% per year.
Property taxes will be 1.15% of the purchase price for the first year and increase by 2% per year.
Property Management will cost 5% of Gross Operating Income.
We agree with the broker’s estimates for the other operating costs. However, we believe they will increase
by 2.5% per year.
Our offer will be determined by a Gross Income Multiplier of 14.5 of Gross Scheduled Income. Acquisition
costs will be $10,000 plus 1 point on the loan.
Financing: Interest rate of 3.625% amortized over 30 years. The rate will be fixed for 5 years. Debt
Coverage Ratio of 1.25 will be used to determine the loan amount.
Disposition: We plan to hold the property for 5 years. At the end of year 5, the sale price is estimated
using an “Exit Cap Rate” of 4.5% based on the NOI for year 6. We will pay a brokerage commission of 5%
of the sale price plus other closin.
The document provides an overview of the invoice to cash process, including issuing invoices, managing payments, and reconciling accounts. Key steps include configuring payment terms, issuing invoices from orders or new records, monitoring payments, and reconciling payments through bank statements. The roles of finance and sales are involved in the process of getting paid by customers from invoice through receipt of funds.
This document appears to be a managerial accounting assignment submitted by a student named Asim Javed. It includes 7 questions requiring calculations of variances, budgets, cash flows, and costing. For question 7, the student is asked to calculate costs under 4 definitions and determine the markup percentage needed to earn a target profit of $317,000 on a new product line based on total cost. The detailed calculations and variances are not summarized due to the technical nature of the accounting questions.
Comprehensive Problem More Co. is a merchandising business. The.docxmaxinesmith73660
Comprehensive Problem
More Co. is a merchandising business. The account balances for More Co. as of November 30, 2012 (unless otherwise indicated), are as follows:
110
Cash
$ 13,920
112
Accounts Receivable
34,220
115
Merchandise Inventory
133,900
116
Prepaid Insurance
3,750
117
Store Supplies
2,550
123
Store Equipment
114,300
124
Accumulated Depreciation-Store Equipment
12,600
210
Accounts Payable
21,450
211
Salaries Payable
0
218
Interest Payable
0
220
Note Payable (Due 2017)
10,000
310
P. Williams, Capital (January 1, 2012)
103,280
311
P. Williams, Drawing
10,000
312
Income Summary
0
410
Sales
715,800
411
Sales Returns and Allowances
20,600
412
Sales Discounts
13,200
510
Cost of Merchandise Sold
360,500
520
Sales Salaries Expense
74,400
521
Advertising Expense
18,000
522
Depreciation Expense
0
523
Store Supplies Expense
0
529
Miscellaneous Selling Expense
2,800
530
Office Salaries Expense
40,500
531
Rent Expense
18,600
532
Insurance Expense
0
539
Miscellaneous Administrative Expense
1,650
550
Interest Expense
240
More Co. uses the perpetual inventory system and the last-in, first-out costing method. Transportation-in and purchase discounts should be added to the Inventory Control Sheet, but since this will complicate the computation of the Last-in, first-out costing method, please ignore this step in the process.
More Co. sells four types of television entertainment units.
The sales price of each are:
TV A: $3,500
TV B: $5,250
TV C: $6,125
PS D: $9,000
During December, the last month of the accounting year, the following transactions were completed:
Dec.
1. Issued check number 2632 for the December rent, $1,600.
3. Purchased four TV C units on account from Prince Co., terms 2/10, n/30, FOB shipping point, $14,800.
4. Issued check number 2633 to pay the transportation changes on purchase of December 3, $400. (NOTE: Do not include shipping and purchase discounts to the Inventory Control sheet for this project.)
6. Sold four TV A and 4 TV B on account to Albert Co., invoice 891, terms 2/10, n/30, FOB shipping point.
7. Received $7,500 cash from Marie Co. on account, no discount.
10. Sold two project systems for cash.
11. Purchased store supplies on account from Matt Co., terms 1/10, n/30,
$620.
13. Issued check number 2634 for merchandise purchased on December 3, less discount.
14. Issued credit memo for one TV A unit returned on sale of December 6.
15. Issued check number 2635 for advertising expense for last half of December, $1,500.
16. Received cash from sale of December 6, less return of December 14 and discount.
19. Issued check number 2636 for two TV C units, $7,600.
19. Issued check number 2637 for $6,100 to Jose.
This document consists of transactions for Saffie's business for the month of September 2017. It includes 20 transactions to be recorded in Saffie's petty cash book, cash book, and a bank reconciliation statement. Key details include a dishonored cheque, cash and credit sales, payments to suppliers and employees, and discrepancies between Saffie's cash book and bank statement.
Cambridge International Advanced Level
Accounting (9706)
A Level - Paper 3
Financial Accounting
Consignment Accounts
Consignor , Consignee/Agent, Commission
Del Credere Commission
All the theories with steps
if you want a support to complete this tute, text me on Wtsapp : +94779035940
All the past papers and model papers
All the best children..!
Nepal Budget Highlight 2074/75 (2017/18) Tax RatesCA. Tika Karki
The document summarizes key aspects of Nepal's budget for fiscal year 2074/75, including:
- The budget's objectives are to support implementing the new constitution, attain sustainable and inclusive economic growth, maintain macroeconomic stability, and enhance public services.
- The budget's total amount is NRs. 1,278.99 billion, with revenue as the primary source of funds.
- Funds are allocated to various sectors, with the largest allocations for infrastructure development, social development, and productive sector development.
This document summarizes the results of an accounting quiz show with 12 participants from various schools and universities. It lists the top 8 winners and their school affiliations. It also provides the mechanics of the quiz, which included three difficulty levels (easy, average, difficult) and categories (true/false, multiple choice, identification). Sample questions are shown for each level.
The document is a financial plan prepared by Eduardo Vargas, a financial planner at Investza, for clients Mr. and Mrs. Wilkinson. It includes a net worth statement, annual cash flow statement, analysis of assets and liabilities, annual living expenses, and financial ratios for the Wilkinsons. The financial plan was commissioned to help the Wilkinsons achieve their financial goals through retirement planning, debt management, and investment strategies.
This document is a financial supplement from Genworth Financial for the second quarter of 2007. It includes sections on net income, balance sheets, investments and sales by business segment. Some highlights include:
- Net income for various periods including the second quarter of 2007 and comparisons to prior years.
- Balance sheet information as of June 30, 2007 with comparisons to prior quarters. Total stockholders' equity excluding other comprehensive income was $12.4 billion as of Q2 2007.
- Sales and revenue information by business segment including Retirement and Protection, International, and U.S. Mortgage Insurance for the second quarter and comparisons to prior quarters.
This document is a financial supplement providing quarterly financial results for Genworth Financial, Inc. for the second quarter of 2007. It includes sections on net income, net operating income by business segment, balance sheets, investment portfolio details, and non-GAAP financial reconciliations. The supplement aims to provide transparency into financial trends through new disclosures on metrics like U.S. mortgage insurance growth, losses, and portfolio quality as well as regional sales data for payment protection insurance.
Digital Marketing with a Focus on Sustainabilitysssourabhsharma
Digital Marketing best practices including influencer marketing, content creators, and omnichannel marketing for Sustainable Brands at the Sustainable Cosmetics Summit 2024 in New York
Best practices for project execution and deliveryCLIVE MINCHIN
A select set of project management best practices to keep your project on-track, on-cost and aligned to scope. Many firms have don't have the necessary skills, diligence, methods and oversight of their projects; this leads to slippage, higher costs and longer timeframes. Often firms have a history of projects that simply failed to move the needle. These best practices will help your firm avoid these pitfalls but they require fortitude to apply.
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...my Pandit
Dive into the steadfast world of the Taurus Zodiac Sign. Discover the grounded, stable, and logical nature of Taurus individuals, and explore their key personality traits, important dates, and horoscope insights. Learn how the determination and patience of the Taurus sign make them the rock-steady achievers and anchors of the zodiac.
Discover timeless style with the 2022 Vintage Roman Numerals Men's Ring. Crafted from premium stainless steel, this 6mm wide ring embodies elegance and durability. Perfect as a gift, it seamlessly blends classic Roman numeral detailing with modern sophistication, making it an ideal accessory for any occasion.
https://rb.gy/usj1a2
Storytelling is an incredibly valuable tool to share data and information. To get the most impact from stories there are a number of key ingredients. These are based on science and human nature. Using these elements in a story you can deliver information impactfully, ensure action and drive change.
Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...Neil Horowitz
On episode 272 of the Digital and Social Media Sports Podcast, Neil chatted with Brian Fitzsimmons, Director of Licensing and Business Development for Barstool Sports.
What follows is a collection of snippets from the podcast. To hear the full interview and more, check out the podcast on all podcast platforms and at www.dsmsports.net
How to Implement a Real Estate CRM SoftwareSalesTown
To implement a CRM for real estate, set clear goals, choose a CRM with key real estate features, and customize it to your needs. Migrate your data, train your team, and use automation to save time. Monitor performance, ensure data security, and use the CRM to enhance marketing. Regularly check its effectiveness to improve your business.
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...my Pandit
Explore the fascinating world of the Gemini Zodiac Sign. Discover the unique personality traits, key dates, and horoscope insights of Gemini individuals. Learn how their sociable, communicative nature and boundless curiosity make them the dynamic explorers of the zodiac. Dive into the duality of the Gemini sign and understand their intellectual and adventurous spirit.
HOW TO START UP A COMPANY A STEP-BY-STEP GUIDE.pdf46adnanshahzad
How to Start Up a Company: A Step-by-Step Guide Starting a company is an exciting adventure that combines creativity, strategy, and hard work. It can seem overwhelming at first, but with the right guidance, anyone can transform a great idea into a successful business. Let's dive into how to start up a company, from the initial spark of an idea to securing funding and launching your startup.
Introduction
Have you ever dreamed of turning your innovative idea into a thriving business? Starting a company involves numerous steps and decisions, but don't worry—we're here to help. Whether you're exploring how to start a startup company or wondering how to start up a small business, this guide will walk you through the process, step by step.
Top mailing list providers in the USA.pptxJeremyPeirce1
Discover the top mailing list providers in the USA, offering targeted lists, segmentation, and analytics to optimize your marketing campaigns and drive engagement.
How to Implement a Strategy: Transform Your Strategy with BSC Designer's Comp...Aleksey Savkin
The Strategy Implementation System offers a structured approach to translating stakeholder needs into actionable strategies using high-level and low-level scorecards. It involves stakeholder analysis, strategy decomposition, adoption of strategic frameworks like Balanced Scorecard or OKR, and alignment of goals, initiatives, and KPIs.
Key Components:
- Stakeholder Analysis
- Strategy Decomposition
- Adoption of Business Frameworks
- Goal Setting
- Initiatives and Action Plans
- KPIs and Performance Metrics
- Learning and Adaptation
- Alignment and Cascading of Scorecards
Benefits:
- Systematic strategy formulation and execution.
- Framework flexibility and automation.
- Enhanced alignment and strategic focus across the organization.
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Building Your Employer Brand with Social MediaLuanWise
Presented at The Global HR Summit, 6th June 2024
In this keynote, Luan Wise will provide invaluable insights to elevate your employer brand on social media platforms including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok. You'll learn how compelling content can authentically showcase your company culture, values, and employee experiences to support your talent acquisition and retention objectives. Additionally, you'll understand the power of employee advocacy to amplify reach and engagement – helping to position your organization as an employer of choice in today's competitive talent landscape.
IMPACT Silver is a pure silver zinc producer with over $260 million in revenue since 2008 and a large 100% owned 210km Mexico land package - 2024 catalysts includes new 14% grade zinc Plomosas mine and 20,000m of fully funded exploration drilling.
At Techbox Square, in Singapore, we're not just creative web designers and developers, we're the driving force behind your brand identity. Contact us today.