Rating
Non Profit Accounting
Non Profit Accounting
Answer 1)
The City of Cricket Hill
Statement of Activities
Fiscal Year Ended December 31, 2009
Temporary
Permanent
Un-restricted-Net- Assets
Restricted -Net- Assets
Restricted-Net-Assets
Total
REVENUES
General property taxes revenue
$13,000,000
$13,000,000
State Grants
$ 4, 000,000
$4,000,000
Foundation Contri - public safety
$ 1, 200, 000
$ 1, 200, 000
Corp Contri - ...
Rating
Proprietorship Business Transactions
Proprietorship Business Transactions
Magnolia Greens Frisbee Golf Course Journal Entries
Journal Entry
Date
Accounts
Debit
Credit
1-May
Cash
$20,000
Owner's capital
$20,000
3-May
Land
$12,000
Land - Shed
$2,000
Equipment
$1,000
Cash
$15,000
5-May
Advertising expenses
$700
Account Payable
$700
6-May
Prepaid insurance
$600
Cash
$600
10-May
Equipment - Golf discs and other equipment
$1,050
Account Payables - Discs Are Us
$1,050
18-May
Cash
$1,100
Service revenue - golf fees
$1,100
19-May
Service revenue
$1,500
Unearned service revenue
$1,500
25-May
Owner's Drawings
$800
Cash
$800
30-May
Salaries and wages expense - ...
Rating
Accounting Analysis
Accounting Analysis
Introduction
This paper intends to make a critical analysis of chosen article. The main focus of this paper is to answer the given four questions regarding accounting. The article describes the Pro forma reporting in detail and further it compares Pro forma with the GAAP earnings disclosure.
Discussion
According to ...
Rating
ASSIGNMENT
ASSIGNMENT
ASSIGNMENT
FIFO, LIFO, AVCO Stock Flow Assumption
Identifying each and every piece in inventory is neither functional neither not cost-effective for large volumes of inventory. Specific identification is better matched for reduced revenue, high worth pieces that are more effortlessly followed, for example vehicles, hefty mechanism, high cost jewellery, or ...
Rating
ACCOUNTING ANALYSIS
Morrison Supermarket
Morrison Supermarket
Introduction
Morrison is the chain of leading supermarket in the retail industry of the United Kingdom. The company is also operating its subsidiaries. The company is highly involved in the food business, the main products includes meat, vegetables, processed food and other consumer products. The company own 439 ...
Rating
SAS BBQ EQUIPMENT
SAS BBQ Equipment
SAS BBQ EQUIPMENT
Suggest a trading name for the new company. With reference to the case study, which type of business structure would you recommend and why.
ANSWER
The name of the new company should be “SAS BBQ Equipment”; this name is derived from the initials ...
Rating
Accounting - Analysis
Accounting - Analysis
General Journal
Adjusting Entries
Date
Description
Ref
Debit
Credit
$
$
March 31, 2012
Unearned Service Revenue Sales Revenue
9300
9300
Rent Expenses
Prepaid Rent
300
300
Supplies Expense
Supplies
800
800
Depreciation
Accumulated Depreciation
400
400
Salary Expense
Salary Payable
600
600
Worksheet
RAZER, END OF PERIOD WORKSHEET - YEAR ENDED 31 MARCH 2012
Trial Balance-Unadjusted Adjustment
Trial Balance- Adjusted
Profit and Loss Statement
Balance Sheet
Account Name
Dr
Cr
Dr
Cr
Dr
Cr
Dr
Cr
Dr
Cr
Cash
$4,300
$4,300
$4,300
Accounts Receivable
$15,100
$15,100
$15,100 ...
Rating
Financial Analysis
Problem: P1-29A
Matching the words with their definitions
Proprietorship
D. Owner is referred to as a proprietor.
Faithful representation
E. Asserts that data are complete, neutral, and free from material errors.
Partnership
G. Has unlimited liability.
Stock
H. Represents ownership in a company.
Limited Liability
A. Feature that enables a corporation to raise more money than proprietorships and ...
Rating
Non-Profit Accounting
Non-Profit Accounting
Question # 1 - a
Brookstone OB/GYN Association
Operating Statement (Accrual Basis)
($000)'
Actual Jun-01
Jul-01
Aug-01
Sep-01
Oct-01
Nov-01
Dec-01
Revenue
Professional Services
748.8
763.776
779.052
794.633
810.525
826.736
843.27
less Allowances for bad debt
149.8
152.755
155.81
158.927
162.105
165.347
168.654
Net Revenues
599
611.021
623.241
635.706
648.42
661.389
674.616
Expenses
Physicians Payment
130.6
141.6
141.6
141.6
141.6
141.6
141.6
Administrative Salaries
73.9
73.9
73.9
73.9
73.9
73.9
73.9
Benefits
33.5
35.71
35.71
35.71
35.71
35.71
35.71
Medical supplies
11.2
11.4566
11.6858
11.9195
12.1579
12.401
12.6491
Rent & Utilities
43.6
43.6
43.6
43.6
43.6
43.6
43.6
Billing/Collection fee
59.9
61.1021
62.3241
63.5706
64.842
66.1389
67.4616
Equipment depreciation
2.4
2.6
2.6
2.6
2.9
2.9
2.9
Office Expenses
5
5
5
5
5
5
5
Liability Insurance
112.3
114.566
116.858
119.195
121.579
124.01
126.491
Contracted Services
10.6
10.6
10.6
10.6
10.6
10.6
10.6
Other
4.5
4.5
4.5
4.5
4.5
4.5
4.5
Contribution to Dean
65.9
67.2123
68.5565
69.9277
71.3262
72.7527
74.2078
Total Expenses
553.4
571.847
576.934
582.123
587.715
593.113
598.619
Surplus/(Deficit)
45.6
39.1734
46.3071
53.5834
60.7053
68.2756
75.9973
Question # 1 - b
Brookstone OB/GYN Association
Operating Statement (Accrual Basis)
($000)'
Actual Jun-01
Jul-01
Aug-01
Sep-01
Oct-01
Nov-01
Dec-01
Assets
Cash
0
0
0
0
0
0
0
Account receivable (net)
2279.5
2337.44
2396.84
2457.76
2520.23
2584.28
2649.97
Medical supply inventory
170
173
176
179
182
185
188
Prepaid Insurance
340
340
340
340
340
340
340
Total current assets
2789.5
2850.44
2912.84
2976.76
3042.23
3109.28
3177.97
Equipment (net)
1306.8
1304.2
1301.6
1329
1326.1
1323.2
1320.3
Total ...
Rating
BT GROUPS
BT Groups
BT Groups
Question 1
BT Group formerly known as the British Telecom is the incumbent of British Telecommunications. The opening to competition of the market date 1982 but BT is still an industry leader in fixed telephony. BT operates in more than 170 countries, and nearly a third of its ...