Double entry bookkeeping?
rewarded lb13,000 of redundancy costs into a business rationalizationwhat would the double entry be for this transaction?
Answers: Well - I guess it's a debit to the ridge and a credit to assets - although that's not really what double entry bookkeeping is almost!
I assume you indicate you hold funded a Business near lb13k of your own money ?
I assume you are a Director (or owner) of the Business ..
So one one side it's "Asset - Credit (Loan from Director)' (or some such wording) and on the other side it's "Liability - Directors Loan" (even if it's an Interest Free loan, I assume you enjoy some expectation of it human being remunerated pay for at some adjectives date ?)
The business owns the dune picture entry 1 and in a minute owes you this amount entry 2. Entry 2 may be a loan commentary ie from you possibly as a director. You should own a loan agreement next to repayment lingo etc. I assume it is not offering to the company within which valise via the P&L it will increase owners or shareholders funds.
Hourly wage for a 15 yr dated working at Kroger bag!!?
I enjoy an interview at kroger this week and be wondering what the average hourly wage is for a 15 yr prehistoric working at Kroger bag and getting cart.? Any tips for the interview?Thanks
Answers: I surmise your looking at minimum wage buddy
Minimum wage, doesn`t matter what it is surrounded by your nouns. Don't expect to formulate more that min. wage until you hold be on the errand at smallest 6mth/1yr (with flawless reviews), or unless you hold connections.
Sorry, kid, thats why they nickname it working your means of access up. Patience is push button though, it really does prevail.
Is anyone on here in truth undo to investigational home business thinking?
Answers: Definitely instigate to topical hypothesis. Indeed is looking for them :)
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immensely much so. Buying apartments where on earth no thirld world family exist, selling to society who will compensate anything lately to achieve away from thirld world folks.
It's becoming a growing trend, and I know of late where on earth to buy.
I hold to wonder in the order of that myself, seem so several populace hold be burned by so call opportunity that for some sense fizzeled out....I enjoy come across a topical worldwide opportunity that everyone should be jump on, and loads are but not a soul that I contact seem to bequeath a hoot. I am a short time ago glad I don't enjoy to come up near any recruits to qualify....
won't see you adjectives surrounded by a few months when I am on time off surrounded by.....
where I want to be.
Diamond
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HELP ME. How do you return shipments to amazon.com?
I bought a jacket on amazon.com but it HUGE. How am I supposed to return it? Please answer.Answers: Well smart ancestors ask amazon if they don't see the return items button but
http://www.amazon.com/gp/help/customer/d...
Click against the report a problem , return item button .
Print out return address sign .
Take to post organization and post .
>
Go to the home page amazon.com on the bottom is a association to return an item. It is usually pretty graceful of late follow the instructions from the correlation
How much pennies is $12.50?
Answers: 1,250
100 pennies = 1 dollar
you hold 12 and a partly dollars so...
12.5 x 100 = 1200 pennies
hope that help ;)
Each penny=1 cent so times it by 12.50 = 1,250 PENNYS.
There u stir $12.50.
what arts school do you dance to?or are you contained by institution ,its 1250 pennies I can solitary shake my team leader and wonder what you kids swot within academy today
1250 simply pocket away the decimal and you attain ur answer
Yeah, 1250.
Multiply by 100.
aX2/2+1-1
12.50 x 100 = 1,250 pennies
Why would you want to count that oodles pennies anyway?
Which of the following statements is incorrect?
Which of the following statements is incorrect?a. To be adjectives, information must be justifiable, relevant, reliable, timely and accurate.
b. A trunk consideration contained by developing an accounting system is cost effeciveness.
c. The accounting system should be capable of accomodate a mixture of users and shifting information requirements.
d. When an accounting system is designed, no consideration wishes to be given to the requests and knowlede of the different users.
Answers: D. If the citizens who will be using the system don't comprehend how it works, it is useless.
Did I lately do your homework for you?
it is "D".... im in actuality surrounded by an Accounting class right presently
Cash flow and and profit and loss statement problems?
Hi guys,Can someone sustain me going on for this... i already answered part of a set (a), but i dont know if i am correct...and also please comfort me just about (b)...thnx...
New World Hotel Limited have only started within business this year.
(a) During the year purchase (all for cash) be:
Beer $464,300
Wines $314,200
Spirits $230,900
At the close of the year stocks on foot be:
Beer $24,000
Wines $103,900
Spirits $46,900
Required:
What be the cost of the beer, wines and spirits sold by the hotel during the year?
Beer : $464,300 - $24,000 = $440,300
Wines : $314,200 - $103,900 = $210,300
Spirits : $230,900 - $46,900 = $184,000
(b) Sales (all for cash) during duplicate time be:
Beer $764,000
Wines $285,000
Spirits $468,800
Required:
(i) Prepare a change flow statement for the drinks trading.
(ii) Prepare a profit and loss statement for the drinks trading.
(iii) Which section of the trade is most profitable? Discuss.
Answers: (i)Prepare a bread flow statement for the drinks trading.
Direct method:
Cash receipts from customers 1,517,800
Cash salaried to suppliers (1,009,400)
Cash generate from drinks operation 508,400
Indirect method:
Profit from drinks operation 683,200
Increase contained by inventories (174,800)
Cash generate from drinks operation 508,400
(ii)Prepare a profit and loss statement for the drinks trading.
Sales of drinks 1,517,800
smaller amount cost of drinks sold (834,600)
Gross profit 683,200
(iii)Which member of the trade is most profitable? Discuss.
Gross profits and GP margins be as follows:
Beer 323,700 (42.37%)
Wines 74,700 (26.21%)
Spirits 284,800 (60.75%)
Spirits brought contained by the uppermost GP border, so it's the most profitable of the 3 types of drinks.
You did chunk a correctly. Part b I won't do it for you but surrounded by subdivision a you calculated the cost of stuff sold and you're given the sale (aka revenues). So, presently you can do the P&L which is Revenues - CGS - Expenses = Net income. You're on the right track!
Definition of Marketable vs Non Marketable Securities?
Give me an example of marketable and non-marketable securitiesAnswers: Marketable securities are any shares that's traded on any stock exchange, e.g. IBM shares, Citibank shares, etc. Non marketable securities are shares held surrounded by privately held companies for which in that is no all set bazaar. You own to find your own buyer and negotiate your own price if you decision to provide your shares, e.g. shares surrounded by any family-owned business
Regions checkcard be stolen.?
my sisters regions ridge visa checkcard be stolen. i hear visa have a 0 liability insurance, is this true? does that penny-pinching that she will bring her money fund? if so how long does it run?Answers: First thing's first, have she reported it stolen to the dune? If not, she must do that without beating about the bush.
Accoding to their website,
" Emergency Cash Distribution and Card Replacement - Provides cardholders beside up to $1,000 when they report their card lost or stolen and ensure cardholders swift response for replacing lost, stolen or diluted cards. "
The Zero Liability 3 policy from Visa guarantees 100% protection if your card is ever lost or stolen – you'll money nil for unauthorized purchases.
There is no duty for using your Regions ATM card or your Regions Platinum Visa CheckCard for transactions at any Regions Bank ATM. However, at hand may be a charge for transactions made at other ridge ATMs and on other networks such as Cirrus(R), Honor(R), Alert(R) and Pulse(R).
Minimum slit deposits required. Subject to the Regions Customer Agreement and Pricing and Fee Schedules within effect from time to time. Cash subsidise is available from program retailers and other program participant and currency spinal column amounts alter depending on the pernickety retailer. Offer subject to Regions CheckCard Rewards program jargon & conditions . CheckCard subject to credit approval. Regions checking rationalization required. Other restrictions may apply.
U.S. issued cards simply. Visa's Zero Liability policy does not apply to commercial card or ATM transactions, or to PIN transactions not processed by Visa. See your Visa Cardholder Agreement for further details.change flows from selling trading securities are reported surrounded by the statement of currency flows as sector of:
operating endeavours
financing comings and goings
investing happenings
noncash endeavours
none of these
my answer: i cant find the answer within the chapter but i dont deem its any of the first three... im sloping towards noncash happenings
appreciation.
Answers: Trading securites are marketable securities close to stocks and shares surrounded by companies. These are investments surrounded by your stability sheet. When you supply them, the proceeds from the sale are lolly flows generate from investing comings and goings.
Securities are classified as "Investments" surrounded by the Balance sheet of the Company.
Investing accomplishments are "purchase and disposal f long permanent status assets and other INVESTMENTS not included surrounded by currency and bread equivalents"
Eg:
1. Disposal/Acquisition of Fixed assets
2. Acquisition/sale of investment, or share contained by Joint endeavour
Hence, it is clear that this will be shown lower than "Investing Activities"
WHY IT CANNOT BE SHOWN UNDER OTHER HEADS:
1. Financing Activities: Activities that result contained by change surrounded by the size and the composition of owner's possessions and borrowings of an enterprise.
Here, securities neither affect the property nor the borrowings of the company. Hence cannot be classified beneath Financing endeavours.
2. Non-Cash Activities: These include transactions taht do not require currency or dosh equivalents.
Eg:
a. Conversion of debt into equity
b. Acquiring an enterprise by issue of shares.
Trading of securities is clearly a currency flow, since it involves inflow/outflow of lolly and lolly equivalents. Hence cannot be shown below Non Cash flows
3. Operating Activity: These are comings and goings that are derived from the principal revenue producing goings-on of an enterprise.
In the given armour, since the character of business of the company is not agreed, it is assumed that the company's primary business is not dealing within shares,
Hope your doubt is cleared. If you are still faint, drop me a message.
currency flow from selling trading securities are reported of lolly flow as quantity of investing goings-on
Why are adjectives the bank closed today? Is it a National Holiday?
Like the inside of the bank be adjectives closed and the hours enunciate in that open until close to 4 or 5 during the week and I go today around 1 or 2.Answers: Yes, it's Columbus Day. Federal Holiday
Because bankers and postal workforce are indolent. Oh, and the elected representatives.
They bring sour every stupid holiday.
Its Thanksgiving surrounded by Canada...near is imagined some holiday within the US
Does anyone know where on earth I can find a place that will convert foreign currency contained by Connecticut?
Answers: Almost any ridge can answer your press..
Please deffine convergence?
i am studying accounting and am asked to demarcate convergence.... ive be looking it up but with the sole purpose gettin it contained by the mathamatic permanent statusAnswers: If you parsimonious the convergence project between the FASB and the IASB, it method to moderate the differences between the two, so that hopefully soon when the integral project is over, if you comply next to US GAAP, you'd hold complied next to IFRS cos in attendance are no differences anymore. But we haven't reach within but.
Here's a connection for you.