Accrual and Cash Basis Accounting?
Question:
I need to know how to input the correct background. a company earned contained by one year $39,000 in revenues and received $33,000 lolly. Company incurred expenses of $22,500 but did not pay $2,250 by the year train. Company also prepaid $3,750 cash for expesnses to be incurred subsequent year. Calculating the first years net income lower than both the cash argument and the accrual basis of accounting. Please give support to, thank you.
Answer:
Ok, this is just a spur-of-the-moment stab - NI for Accrual Basis is $16,500 and NI for Cash Basis is 9,000. Here is the breakdown:
Accrual / Cash
+Revenue $39,000 / $33,000
-Expense 22,500 / 20,250
-Prepaid Exp _______ / 3,750
NI 16500 / 9,000
URGENT: What's the reversing entry to copy overstatement of Depreciation expense?
Question:
Specifically when auditing..
Answer:
credit depreciation expense, debit accumulated depreciation
Ditto Zandelia.
How can I capture on the spot funding to start my business?
Question:
My company is a startup company. However, it is a company with "BIG" profit and revenue. I stipulation about $5,000,000 to manufacture a purchase that will make up to $350,000,000. Yes, I said three hundred and fifty million contained by profit. Any investor or finance company would be really thoughtful. The problem I am coming into is that my ex has messed up my personal credit. I don't own time to rebuild my personal credit. Also trying to hang on to my personal credit and Business credit separate.
Can anyone Help?
Please???
Answer:
It depends on what you need to purchase... You could consider an SBA loan possibly, but the max they will loan is 1,700,000. I may know some inhabitants who will be willing to invest depending on the project/ type of company. Overall, I reflect your projections are unrealistic, but I could be wrong as I do not know what your project is.
Try going to your local bank.
Sure. 350 million dollars profit.
Right here:
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$...
Sounds similar to one of those Nigerian fraud schemes.
But glad to hear that your situation have turned around from 7 months ago:
YOU POSTED:
If the investment should just develop to fail, although how could it, how can you repay the loan.
umm ur dune, duhh
Try to ask the Small Business Administration. They have deeply of resources, and retired businesspeople who volunteer their time to ask these questions. Try going to www.sba.gov for answers.
Greenspan what in the region of that guy? Why does he catch away next to everything? Because he is frail? Or too all right insulated.
Question:
with Attorneys? I am curious? Banks enjoy majority stock holders of Foreign Governments, and Credit Card companies as well. Oil businesses and their trade divisionary processes? Who set that adjectives up?
Answer:
Are you aware that Alan Greenspan retired his position as Chairman of the Board of Governors of the Federal Reserve of the United States in 2006?. Following his retirement as Fed chairman, he standard an honorary (unpaid) position at HM Treasury in the United Kingdom.
Document performance control and document later life definition. Document review guidelines?
Question:
I am trying to communicate document review guidelines to people who own not been involved next to this sort of stuff before. Examples of the problems we are encounter are - getting feedback on first draft documents containing low level, detailed comments. We are also encounter a lack of considerate of why documents sent around in initial draft are not like quality as those submitted for final review.
The standard titles used near in this project to convey document parenthood /status are - Initial Draft, Core Draft, Peer Review, Final Draft & Approval.
As part of the childhood process, I really want some help to mark out each stage? eg "Initial Draft should contain... As a reviewer you should be looking to verify... (table of contents or something)" where on earth as "Final draft should be at level of later life, and reviewers should be looking to verify..."
Answer:
I was the Drawing Control Supervisor for the company that built the Syncrude asphalt sands plant. We have hundreds of blueprints, specification changes, memos, etc constantly shifting. I developed a document information log that was updated as the revisions be made. The log listed adjectives documents , which listed the date and status of each one. including initial date . All depts be given a copy weekly and they were required to sign it and return it to the drawing control dept near any requests for extra copies, or any that they didn't have the current reworked copy of. It was smaller amount confusing to use revision numbers rather than naming them. you could hold a sheet attached to each document that must be signed and returned to the originator in a certain time, and it should have an nouns for comments etc. As for the quality you should enjoy a highlighted area on the document explaining that it is singular a draft and the quality may be lower .
How do I work the costings for import from China?
Question:
I want to import a container nouns of pool tables from China.What is the best method of working the full costings such as duty etc and how can I research the company to be sure their products are good power and no scams?
Are nearby any paticular trusted sites to find a supplier?
Thanks
Answer:
If you're worried about power try using a buying agent or http://www.sgs.com/
Don't pay everything up front if you can avoid it.
Ask for reference.
It is really best to visit.
As for costings. Take the cost of the items + adjectives carriage costs x
by the % duty. Don't forget horse-drawn carriage charges and storage costs at this end.
Let the supplier know it's surrounded by his interest to keep you glad as there will be adjectives business if he does.
A good website is: http://www.alibaba.com/
Check http://www.Alibaba.com
They can point you towards suppliers.
Order sample and get shipping quotes.
http://www.atacarnet.com is a service I hear about but enjoy not checked out yet.
FedEx or UPS might know how to answer duty and tax question.
1. Find out how many pool table fit into a container and multiply by the cost of one pool table (Answer A)
2. Find out how much it will cost to ship the container from China to whereever you are (Answer B)
3. Ask Customs Authorities how much duty/taxes would be payable (Answer C)
A+B+C= cost of shipping from China.
Cost when goods manage you must be:
Cost of good a port surrounded by China including handling charges + shipping cost (normally per container load) + insurance (for transport by sea) + port and handling charges at destination port (check if this is included already in the cost quoted by your shipping agent) + customs duty + transportation, handling etc from the port upto destination.
Research the company:
1. Ask the company for suggestion of other buyers in other countries
2. Try to grasp Dun n Bradstreet report
3. Check with Exporters association, furniture capitalist association, industry chambers to verify the supplier also to achieve more suppliers.
4. Visit big furniture shops and look around for manufacturer stickers (mmade surrounded by china) and note down the entrepreneur.
go to an introduction and export company and ask for the rates ask the shipping company
Is at hand any "atlas for business"? As contained by an encyclopedia that advices what country is correct for what business?
Question:
What the most cheap / particular / etc items of a country are.
Answer:
Yes, bop over to your local library.
Is it true that command can relieve you attain grant to give a hand build your own personal business?
Question:
If there is; is near a legit website or a number I can call. I involve to know how do I go in the region of it.
Answer:
No it is not true. You may want to read the warnings FTC have issued against these "grant" companies promising grants including for starting a business
http://www.ftc.gov/opa/2004/03/grantreso...
http://www.ftc.gov/bcp/edu/pubs/consumer...
Here is also one of the warning issued by the Better Business Bureau http://www.concord.bbb.org/tips_timeshar...
It is hard to find grant to start a business. Unlike the myths that some perpetuate, federal command and even private foundations hardly dispense grant money for a for-profit business. And yes, grant mean PAPERWORK - lots and lots of it, to be exact why a cottage industry of grant writers be born.
Nonetheless, you can go to the Catalog of Federal Domestic Assistance (CFDA) http://www.cfda.gov and Grants.gov http://www.grant.gov - these are two sites created by the federal government to provide transparency and information on grant. Browse through the listings and see if you can find any grant that would support a for-profit endeavour.
Even if you buy books on "how to get grants" or detail that supposedly has information on grant -- all of them are mere rehash of what CFDA have, albeit packaged differently. But still the info is like peas in a pod - hardly any grant for starting a for profit business.
Even SBA does NOT give out grant. From the SBA website http://www.sba.gov/mostrequesteditems/co...
"The U.S. Small Business Administration does not offer grant to start or expand small businesses, although it does offer a far-reaching variety of loan programs. (See http://www.sba.gov/financing for more information) While SBA does extend some grant programs, these are roughly designed to expand and enhance organizations that provide small business running, technical, or financial assistance. These grant generally support non-profit organization, intermediary lending institutions, and state and local government."
Here is a listing of federal grant for small businesses. See if there is any available for individuals for starting a business -- THERE'S NONE.
http://12.46.245.173/pls/portal30/catalo...
Most of the federal grant are given to specific target groups with specific requirements (e.g. minority business owners involved contained by transportation related contracts emanating from DOT - Grant#20.905 Disadvantaged Business Enterprises Short Term Lending Program
Grants are also habitually given to non profit groups or organizations involved surrounded by training or other similar activities (grant 59.043 Women's Business Ownership Assistance that are given to those who will create women's business center that will train women entrepreneurs
For private grant, you may want to check the Foundation Center's Foundation Grants for Individuals Online. It's a subscription based website ($9.95 per month) but their passage blurb only say that the database is ideal for "students, artists, scholarly researchers, libraries and financial aid offices." Entrepreneurs are apparently not one of them, so I appropriate it they also don't have listings of private foundations who tender grants to would-be entrepreneurs.
Yes it is intensely true, and there are oodles web-sites that will provide you will all the info you will be contained by need of. This process though take time, and will require patience. Type Governments Grants into your G00GLE dig out engine, and you will see exactly how many opportunity are out there.
Not everyone who applies for a compromise receives one, but a virtuous percentage do.
Good Luck
http://www.grants.gov
try that
1800 seated woman lack of restrictions, where on earth can i find out how much it's worth?
Question:
I was helping my grandma draw from an idea of how much profit she would produce since she wanted to put on the market her coin collection but I can't find a price for a 1800 Seated Lady Liberty anywhere! Please help me out...every place I look it starts near 1838...I'm very interested!! Thanks!
Answer:
The Seated Liberty type wasn't struck back 1838. The type that was struck contained by 1800 was the "Bust" type. There is no such article as a (genuine) 1800 Seated Liberty cent /5 cent / dime / quarter / half /dollar.
Your local library almost indubitably has suggestion books that you can use to verify this. The Yeoman "Red Book" is as good a hint book as any.
Look in your pale pages beneath coin dealer or numismatic . .
It adjectives depends on condition and they hold to see it.
1800 SEATED LIBERTY WHAT?
EBAY LINK HAS AUCTION COINS.
DIMES
http://search.ebay.com/seated-liberty-di...
QUARTER
http://coins.search.ebay.com/seated-libe...
HALF
http://coins.go through.ebay.com/seated-libe...
SILVER DOLLAR
http://coins.search.ebay.com/seated-libe...
YOU SEE PRICES VARY GREATLY BY YEAR-CONDITION-
AND GRADE AND CERTIFIED GRADE.
NOT ALWAYS BY AGE..
YOU CAN SEARCH EBAY EASILY ONCE YOU GET THERE BY YEAR AND COIN AND MINT MARK.
GOOD LUCK.
IF YOU POST WHAT THE COIN IS...CAN BE OF MORE HELP.
LIKE DOLLAR-HALF-QUARTER-DIME ECT.
i freshly received this email...is it lig and ok to do reasonably ?
Question:
GRANDLAND IMPORT AND EXPORT COMPANY.
GOODS FOR IMPORT/EXPORT & FREIGHT FWDG SVCS.
UNITS 3A & 3B,OLYMPIC WAY,
SEFTEN BUSINESS PARK,AINTREE yeoville. L30 1RD, South Africa
Good Day,
I am Norman Daniels Glover, we are a group of business men who deal on organic
materials and export into america/europe and canada We are searching for
representatives who can backing us establish a medium of getting to our
costumers within America/Europe as well as making payments through you to us.
Please if you are interested within transacting business with us we will be exceptionally
glad.
Please contact our procurement officer, Mr leonard Gosh for more information
concerning the transaction at;
GLIEC PROCUREMENT OFFICE.
Gosh leonard
TEL:0927782326872
EMAIL:goshleonardmail@yahoo.co...
Subject to your satisfaction you will be given the opportunity to negotiate
your mode of which we will foot for your services as our representative in
america/europe.
Please if you are interested, forward to us your phone number/fax and your
full contact address immediately to Mr Gosh leonard for more information
on the subject of this favourable transaction.
Respectfully Submitted,
Norman Daniels Glover,
President
GRANDLAND IMPORT AND EXPORT COMPANY.
GOODS FOR IMPORT/EXPORT & FREIGHT FWDG SVCS.
UNITS 3A & 3B,OLYMPIC WAY,
SEFTEN BUSINESS PARK,AINTREE yeoville. L30 1RD, South Africa
Answer:
SCAM and FRAUD. Don't capture involved and do not give out any personal information.
No. You shouldn't even clear email, with name you don't know.
It's a scam. At some point they will request your bank narrative number to send you direct paymnet and later they will clean you out.
S C A M !!!
no attain rid of it.
It is indeed a scam. There are various websites near names resembling 'scambaiters' etc., that will bring you more insight into what these people are fit of doing ... and how to fight put money on.
if not sure spam and delete.
I don't know if it is ligitemate or nor. I suggest you check beside the Better Business Bureau or Bureau of Consumer Affairs in your State. They should hold the information you need for that Company.
do NOT reply to it... it's a scam
they gross it sound ok, but it isn't...
they are trying to steal your money beside some mumbo jumbo stuff about helping them out draw from this business started...
let's be serious -- why are they going to you to help them start out a business? There are professional inhabitants that can do that.
these are scam artists... if you know of anyone else that gets these emails - make clear to them what we are telling you here --- do NOT tip out for it.
If you did not solicit this individual, then don't respond, and my no system give them any money or personal information. No credit cards or debit cards surrounded by particular. If you have an idea that about it, why did they contact you? If you did not contact them first, consequently it is just spam and a process to get your money or personal ID information. I would not respond at adjectives if I were you.
No, it is not a scam. They sought you, and single you, out for this great opportunity. Somebody who loves you probably referred you to this great company. I know somebody who uses them to import and export potato chips.
Hell no they dispatch you bogus checks and money orders.
they cost me $5000 I wouls close to to shoot the scammers.
I had no money vanished to buy christmas.
Bank charges?
Question:
Has anyone successfully received funds from their bank by a moment ago asking them to refund adjectives bank charges over the ultimate 6 years (as highlighted on radio and in the newspapers) short any comeback? Apparently you can take your wall to the small claims court over this and receive thousands of pounds back for every time the guard has charged you for going over your overdraft issue, sent you a letter informing you you are out of funds etc. These junk mail are standard ones that cost about 10p to run bad, the cost of a first class stamp to send and all the same we are charged anything from lb20 - lb35. I would be really interested to know if anyone has done this, won, and not have their bank description closed or had the wrath of the wall drop on their head.!
Answer:
I of late got a cheque from Alliance -Leicester for lb3,468.95p. 6yrs charges +8%p.a. interest. The process is so unforced, and made even easier by the wonderful knowledgable people on www.penaltycharges.co.uk website. Founded by Stephen Hone the first guy contained by the nation to realise that bank charges be unlawful and who won, spectacularly against Abbey. Go get them, you will win. It's a finality. Have a look at the website to see more than a million pounds won back next to the help of Penalty Charges forums.
As an member of staff of an un-named bank i would close to to say that we are healthy to refund customers charges should they go off due to a bank error. If this is due to the customer going overdrawn (using funds which aren't theres) later they deserve to incur a charge. Maybe the charges are excessive but they are explained to the customer in the jargon and conditions when they open their vindication. people should only keep a better track of their statement, its not that difficult
My son has successfully received more than a lb1000 vertebrae from the Bank of Scotland. Didnt even make it into court they salaried up before it get there. So dance for it. Im sure somebody will answer this question next to more information that will aid you, good luck.
The bank are robbing bastards
check out www.moneysavingexpert.com - Martin Lewis is the man behind the TV/Radio/Newspaper promotion and the man that have literally saved thousands of society thousands of pounds - he really ought to get a knighthood for his work!
first of adjectives if you are claiming back a hulking sum does it really matter if they close your statement, before you start any claim plain another bank statement, we are in the process of claiming vertebrae lb6000 have a look at this website
http://www.penaltychargesforum.co.uk/...
and also it looks approaching banks will own to pay up shortly beside just 1 note
fixed and changeable costs?
Question:
I have to do a research presentation on fixed and unreliable costs and how management uses them within decision making. What industry should I focus this on?
Answer:
Automobile commerce. Fixed costs are plants and equipment. Variable costs are labor, raw materials, utilities.
i would try to focus on a seasonal type of industry. one that during the holidays have to have adjustable costs for additional staff, marketing and selling etc.
A seasonal industry is activity in an economic sector contained by which the majority of operations cart place during only factor of the year, generally within the context of a single country or region. In some cases, as with agriculture, this decrease may relate to climate or other forces of nature. In others, the seasonality may relate to annual variation in human commotion (for example, tourism, restaurants, some forms of manufacturing).
Seasonal industries often piece large swings within labor force size, and in copious cases, precipitate mass migrations of workers.
Do you muse the Forever stamp will be used forever?
Question:
The USPS unveiled the new Forever stamp which costs 41 cents cuz once again postage is going up within price.
But they hope to have this stamp will get rid of people using 1 cent and 2 cent stamps to sort up for new rates.
They hold the Liberty Bell on them too. How cool is that?
http://news.yahoo.com/s/ap/20070326/ap_o...
Answer:
That it will be good for a long time I do not doubt, and I will be investing a generous amount of money to purchase probably a 5-10 year supply, but am not too sure if it's a worthwhile investment beyond that.
While the stamps will after some time gain an advantage over cost of living increases, the nagging if tiny suspicion that someday the USPS could stress the stamp null and void (say after 80 or 100 years) persist. They probably won't, but a slim chance exists. More believably here exists the issue of destruction or decomposition, I just don't know how long they will ending, and we don't live forever either. Thou I do come up with you'll see one here and there for lots years to come after the first 5-10 have gone by, they'll become rarer and rarer but after 20 or 40 years you'll possible find very few within use.
As for forever, I can't see one making a round in right to be heard 500 years, but I suppose it's possible, perhaps better at that time to flog it as an ueber rare collectible :)
I don't see any of them making it to 5,000 years from presently thou.
Per the definition of forever, that is, but it is cool, I close to it.
Can someone give support to me write a sponsorship proposal for a salsa competition?
Question:
I'm in the third year of this event and it keep getting bigger and bigger. My audience of about 1500 every year want to see a more spectacular show. I've get a winning committee working on the event and I've get some great history and stats to prove our success. I newly need to know how to put it adjectives together to form a winning sponsorship proposal document. HELP!
Answer:
Oooh, own no idea but contact business relationship - businesslink.gov.uk - they should be able to direct you and bestow you ideas of what to do and where on earth to look.
I obligation some push for on preparing for the adjectives.?
Question:
Hello My husband is a commercial fisherman we're a young couple and really nobody to turn to for recommend. I want to know how I should plan for the future as far as keeping money, hes considered self-employed what happen when hes old ( social protection, retirement checks) How does it work paying social sec. for self-employed? Also what about form insurance. I dont need existence its covered but thats it. Thanks for the help
Answer:
Get a financial advisor (who doesn't net their living from products they promote) to get some guidance.
Also consider starting your own business cut time.