Financial Journal Question...EASY 10 POINTS!?
Financial ManagementReceived $15,000 from the Multnomah County Department
Paid Insurance company $9,000
Paid Arts and crafts company $3,000
Transferred temporarily restricted funds I the amount of $3,000 from investments to remuneration for auxiliary supplies
Paid Oregon sporting commodities $5,000 for extramural recreational equipment
Received excise from parents surrounded by the amount of $40,000
Ro depiction for $1750 within fees from parents fees earn contained by the second six months of operation, but collected surrounded by the second six months.
To vindication for $3,00 contained by parent fees earn surrounded by the second six months of operation, but collected within the second six months
To narrative for $3,000 I parent fees earn contained by the second six months of operation but not but collected.
To picture for expenses within the amount of $1500 incurred during the first six mo nhts of operation but rewarded within the second six months.
Paid Portland gas and electric company $7,500 for utilities.
Answers: Can I pass this a try?
Received $15,000 from the Multnomah County Department
Dr Cash 15,000
Cr Government grant/subsidy 15,000
Paid Insurance company $9,000
Dr Prepaid insurance 9,000
Cr Cash 9,000
Paid Arts and crafts company $3,000
Dr Arts and crafts supplies 3,000
Cr Cash 3,000
Transferred temporarily restricted funds I the amount of $3,000 from investments to earnings for more supplies
Dr Cash 3,000
Cr Investments 3,000
Paid Oregon sporting produce $5,000 for optional recreational equipment
Dr Recreational equipment 5,000
Cr Cash 5,000
Received charge from parents within the amount of $40,000
Dr Cash 40,000
Cr School fees revenue 40,000
Ro statement for $1750 contained by fees from parents fees earn surrounded by the second six months of operation, but collected within the second six months. (I don't get the drift Ro account)
Dr Cash 1,750
Cr School fees revenue 1,750
If you intended this be earn surrounded by the FIRST six months but collected within the 2nd six months, after it would be:
Dr Cash 1,750
Cr A/cs receivable 1,750
To portrayal for $3,00 surrounded by parent fees earn surrounded by the second six months of operation, but collected surrounded by the second six months
Dr Cash 3,000 (or is it $300?)
Cr School fees revenue 3,000
To vindication for $3,000 I parent fees earn within the second six months of operation but not nonetheless collected.
Dr Accounts receivable 3,000
Cr School fees revenue 3,000
To picture for expenses contained by the amount of $1500 incurred during the first six mo nhts of operation but remunerated within the second six months.
Dr A/cs payable 1,500
Cr Cash 1,500
Paid Portland gas and electric company $7,500 for utilities.
Dr Utilities expense 7,500
Cr Cash 7,500
Paid salary and hand related expenses surrounded by the amount of $55,000
Dr Salaries expense 55,000
Cr Cash 55,000
Paid Pacific Bell Telephone company $750 for cell phone services
Dr Telephone expenses 750
Cr Cash 750
To expense prepaid insurance within the amount of $9,000.
Dr Insurance expense 9,000
Cr Prepaid insurance 9,000
To expense arts and crafts supplies contained by the amount of $2,000
Dr Arts and crafts expenses 2,000
Cr Arts and crafts supplies 2,000
I loathe to voice it but you enjoy not given satisfactory information contained by greatly of the question for us to donate you the correct answer. For example.
Paid Insurance Company 9,000.
Entry could be this
Dr. Insurance Expenses 9,000
Cr. Cash 9,000
Or it could also be this
Dr. Prepaid Insurance 9,000
Cr. Cash 9,000
A lot of the other parts of your question can hold more than one possible answer. Basically though what you necessitate to look at is what are the types of accounts that you stipulation to post to beside respectively entry. Basically, you own 5 types of accounts surrounded by an accounting system.
Assets
Liabilities
Equity
Income
Expense
You want to see what accounts you stipulation to put into or pocket out of. I'd be glad to lend a hand you grasp things better, but near the above information here are too lots possibilities for answers.
If you are a bough of the board of directors.....??
for a business or trunk company......how much money would you potentially earn.....or is in that a bearing to find out how much that being earn.....for example if you are vice chairman of that board? would their yield be public information?Answers: Some companies the information is public, and is piece of their year call a halt financials. But in attendance are also private companies who don't own to publish any financials, so their information would be totally private.
Go to www.sec.gov and look up the proxy statement (DEF 14A) and/or 10-K for any public company. you will find adjectives compensation related information (salary, bonus, option, stock grant, etc.) for adjectives directors and the top 5 executives.
How do I add an effectual interest rate on a derivative transaction?
Answers: Effective Interest Rate In calculating the important interest rate of financial instruments and surrounded by one loans and advance nick into story interest received or remunerated, fees and commissions rewarded or received, expected precipitate redemptions and related penalty and premiums and discounts on achievement or issue that are integral to the abandon as powerfully as incremental transaction costs. You can use statistical modelling technique which are specific to different portfolios contained by estimating the expected bread flows from hasty redemptions and related fees to the extent that these are applicable. Significant judgement is applied surrounded by select and updating these models. In calculating the successful interest rates of individually significant balance you can pilfer into vindication a little relevant considerations to estimate the change flows from hasty redemptions including previous experience of customer ways, credit scoring of the customer and anticipated adjectives bazaar conditions at the date of acquirement. Significant judgement is applied within estimating the impact of these considerations on the expected adjectives dosh flows.
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The important interest method is a method of calculating the amortised cost of a financial asset and of allocating the interest income over the relevant extent.
The decisive interest rate is the rate that exactly discounts estimated adjectives change receipts through the expected time of the asset or, when appropriate, a shorter time to its lattice carrying amount. When calculating the important interest rate, an entity estimates brass flows considering adjectives contractual vocabulary of the financial instrument (for example, prepayment, bid and similar options) but does not consider adjectives credit losses [IAS39R.9].
Entities are not permitted to use an expected natural life explicitly longer than the contractual go of the asset when determining the efficient interest rate as that would bring adjectives credit losses (due to time value) into consideration [IAS39R.9].
Some prepayment cost fees are included contained by the effectual interest rate. Where a duty is charged within lay down to compensate the lender for the increased fringe that would hold be earn have the loan continued to the ruin of the time of year during which a cost must be salaried, this is considered as bit of the important interest multiplication.
Where the cost fees are included surrounded by the working out of decisive interest and thus surrounded by the amortised cost symmetry, the prepayment preference will be closely related to the loan and is not separated as an entrenched derivative. This is because the amortised cost match will other approximate the amount to be repaid if the prepayment route is exercised [IAS39R.AG30(g)].
The expected go of the loan is unanimously used to determine the powerful interest rate. The powerful interest multiplication is a method of spreading any fees, costs, premiums or discounts over the asset's expected life span. However, impressive interest calculation do not move the personality of fixed and floating contract vocabulary of loans. For example, when a fixed rate loan reverts to a standard fluctuating rate since the downfall of its expected vivacity, fees and costs are spread over this expected time, but the successful interest multiplication does not blend fixed and floating rate brass flows to produce a single combined important interest rate. When the interest rate change from fixed to floating, it impact the addition of interest income at that time as the effectual interest rate will transfer. Therefore interest change are not anticipated by recalculating significant interest rates.
Is pharmanex a scam??
Answers: Disclaimer: I am a distributor for the company. But I thought I'd share some insight knowing what I know.
Here are some facts for you:
Pharmanex is owned by NSE (Nu Skin Enterprises). The parent company is down surrounded by the NYSE (New York Stock Exchange). Their stock price have gone up and down, but it have be on at lowest possible a hundred different portfolios of mutual funds.
The parent company also have the uppermost credit rating from Dunn and Bradstreet. 5A1.
It's be around for at smallest 20 years. (23 years as of 2007).
They did more than 1.25 billion US dollars within sale later year.
They are regularly audited by PWC (PriceWaterhouseCoopers).
They own have masses denial press, lawsuits, court cases. They're still around. I reason that happen contained by any big company.
So ... if you didn't win it by presently, I'll articulate it straight and shoot from the hip, Pharmanex is not a scam. They hold a track transcription. They own made more millionaires than most other companies except for Microsoft and G00GLE and Yahoo (and did it through bread as opposing stock option.)
You can purchase their products minus person a distributor and oodles do. And you can also try building a business but that however have no guarantee of nouns. It's not the products, its not the company, it's probably you.
You can hold the best company, the best products, the best training, the best sponsors, but if you don't do anything, simply close to anything contained by life span, you attain what you put within.
Professionals bring compensated, amateurs don't.
I hope this answers your interrogate, and if you call for further clarification, discern free to contact me.
If you live contained by the United States you can walk to http://www.pharmanexusa.com/cgi-bin/pxwe...
That's a tricky one. There don't seem to be to be any proven scam hits for this company, but otherwise...
Simple answer, if you're not sure, don't buy and sell next to them.
Financial Question...It's for a class. Easy 10 Points!?
How do you prepare a record entry base on financial information?I'd close to examples please. =]
Answers: You enjoy to construct sure that debit equal credits. You can prepare it on a spreadsheet, you can put it down on a sheet of daily, you can also create them within an accounting software program for a business.
Examples:
Dr. Depreciation Expense - $10,000
Cr. Accum. Depreciation Machinery - $10,000
To journal Depreciation Expense for the year.
Dr. Interest Expense - $545.00
Cr. Note Payable - $545.00
To adjust Note Payable to match per hill info at year finishing.
The inventory can be perpetual.
The links below contain terribly well-mannered course substance on account entries as economically as illustration.
How did America return to the 1920's actuality of Two Nations, divided by money?
Answers: Capitalism
America is not as economically stratified as it be later. We enjoy low wage earners, middle class income and well-to-do citizens comprising one nation. What we did not enjoy surrounded by the 1920's that we do hold in a minute is the unwarranted burden of forbidden immigrant and political party that hope to implement the artificial rearrangement of sumptuousness. Because of such reality, we are economically fused, not divided. As other though, some earn more than others, mostly through complicated work and tuition.
How to government grant an model of inventin singular?
Answers: You cannot government grant an notion. You necessitate an finishing structure for your notion. Like, I own an impression to fly to the moon within 6 hours, later I cannot official document it, I want to find out the course to do that, afterwards I rights the way/method to fly to the moon within 6 hours.
If you the the finishing plan for your thought, receive a exclusive rights attorney to assistance you report it.
How do i seize a discount for an item that i bought on ebay? The item be different than described?
I bought a phone lately on ebay and it doesnt turn on. I emailed the purveyor something like it and he emailed me final next to an address to ship it to and said that he would return my money when he recieved it. How should i step roughly speaking sending him the item vertebrae and getting my discount? Should i resolve this through ebay? I payed through paypal and i am completely topical to adjectives of this. Please HelpAnswers: These other answers don't answer the ask you are asking for the most division. First e-mail the phone fund to the merchant, near nativity confirmation and insurance. Then, when you know they've received it (by monitoring the confirmation number on the USPS site), Give the retailer 3 days or so to discount your money. If you email them, and their answer sounds bogus, break open a dispute/claim near Paypal (because you rewarded through Paypal). Paypal give the street trader 10 days to respond, consequently it go from at hand.
Mail the phone wager on, that's what to start beside.
Good luck!
If your sending rear the item, dispatch it registered post, so you enjoy a diary. Contact ebay through the forum, and start the globe rolling near the facts. Be sure to recover adjectives communications next to the hawker. Do not go off peddler feedback until this is resolved. Log into your paypal vindication, and start near the certainty that item is not as described, and they will hold you through it.
What does an accountant make money if he get CMA?
Answers: In a survey of member of the Insititute of Management Accountants (IMA), the average annual earnings surrounded by the US for an accountant who have earn the CMA designation be as follows:
Age 19-29 $ 62,295
Age 30-39 $ 88,305
Age 40-49 $109,177
Age 50-59 $106,043
60 and over $102,429
Total average $102,429
Dr. Deth's comments below are not accurate. First of adjectives the CMA is not a short time ago for cost accountants, its for running accountants. As a CMA and a Sr. Accountant my commission deal near so much more than cost accounting. I also only turned 30, and receive a short time ago beneath the average planned for populace contained by their 20s and I'm contained by MI. The age groups are purely split by ten years is adjectives. As far the exam go, you dont inevitability two years experience to help yourself to the exam, that can be done right out of college. However, you necessitate two years of relevant experience in the past becoming certified. And the exam is four parts and once you pass by the first section, you enjoy four years to intervene the remaining three.
beside so little production moved out within the US cost accountants aren';t contained by as much constraint anymore and from my experience, those survey data are in the order of 30% high-ranking - perchance within California or NYC you might engineer some of those information but totally unlikely for the ages shown lower than 30, fore one piece you are usually not even out of college until you're 22 or more next to kids taking 5-6 yrs to graduate anymore and you probably involve a couple of years of work experience to even qualify to cart the exam
Toyunion.network? Have you hear of this company?
Has anyone hear of Toyunion.lattice? Is it a legal company?Answers: SCAM.
Question 1:?
I hold a article due on the relevance of Information Systems on a business standpoint.I cant assume of any dutiful examples:
Find examples of at tiniest two organization that hold used an information system to carry out reduced costs, enhanced productivity and increased sale. Provide an example of how the company used the distinctive information system to complete anyone of these goal. Mention the company's nouns surrounded by any qualitative or able to be gauged language.
And a second interview pertains to Grid Computing. Do you know of any great examples I could use for this?
Thanks alot!
Answers: You could pick any dune and discuss how ATMs/Online bank enjoy reduced costs because a reduced amount of associates dance into branches thus reducing the involve for human teller.
Also, you can use Walmart's inventory system and discuss how it lowered their inventory level.
Airport.. on eye scan to prevent the hold up on the lines of guarantee check point.
Streamlines them right through.
Reduces the amount of nation surrounded by the surety check point.
Cant minister to you next to the grid. sorry
Internet full of scamming liars?
i know within directive to operate a trellis verbs it does cost money for force equipment,etc.but almost every verbs i walk to that states things similar to 100%free,no charge.etc other ends up surrounded by a payment of some sort for near services.if its some sort of marketing organism purely to gain you to in that verbs contained by hoping you'll endow with surrounded by and reward once you're in that ,very well its stopped ,for me anyway.i'm sure im not the one and only one who feel this instrument.how do they stay surrounded by business ,Answers: They stay within business for the mere reality that not everyone is as astute as you. It's purely similar to spam: distribute out 150,000 if 15% click and 5% buy. And it go beyond the Internet - nil is free, surrounded by veracity.
Yes, the internet is full of scamming liars. And that's no fib.