Financial Accounting

Financial Accounting Champlain Career Consulting Corporation Accounting Case Study #1 Requirement #1 Adjusted Trial Balance Champlain Career Consulting Corporation Adjusted Trial Balance 31-Dec-12   Debit Credit Cash & Cash Equivalents $ 115,950   Accounts Receivable [net] $ 81,000   Prepaid Insurance $ 2,000   Inventory $ 4,000   Equipment $ 50,000   Accumulated Depreciation   $ 25,500 Building $ 290,000   Accumulated Depreciation   $ 21,750 Accounts Payable   $ 34,500 Salary Payable   $ 7,500 Unearned Revenue   $ 19,600 Utilities Payable   $ 300 Income Taxes Payable   $ 9,000 Dividends Payable   $ 10,000 Mortgage   $ 140,000 Common Shares   $ 150,000 Retained ...

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Week Four Exercise Assignment

Week Four Exercise Assignment Question # 1 LP partnership 19X7 Partnership Formation Journal Entry   Debit Credit         Cash $30,000   Land $80,000   Levy Capital $110,000     Cash $50,000   Equipment $20,000   Parcells     $70,000 Question # 2 a Brookhaven Publishing Payroll Entry February   Debit Credit Salary Expense $ 50,000   Social Security taxes $ 3,300 Medicare taxes $ 1,950 Federal income taxes withheld $ ...

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Accounting Analysis

Accounting Analysis Accounting Analysis Report on Snags Limited Accounting Analysis Report on Snags Limited Introduction Stock prices are one of the most important indicators of a company's performance and its future. It determines the picture of the company in the markets as well as, among the investors. If the stock price of ...

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Feasibility Analysis

FEASIBILITY ANALYSIS Feasibility Analysis Business Plan: Home Improvement Retailer Section 1 1.0: Executive Summary The main theme of this report is to conduct a Customer Feasibility Analysis Report for Home Improvement Retailer located in Cardiff Wales. The name of the business is Classified Home Improvement Retailer - CHIR. This company will furnish products ...

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Accounting Exercises

Accounting Exercises Accounting Exercises of Chapter 2 and 3 Chapter 2 Exercise 1 Issuance of Stock A Date Items Debit Credit X-X-13 Cash 2000000     Common Stock at Par   100,000   Paid in capital in Excess of Par   1,900,000 B Date Items Debit Credit X-X-13 Cash 2000000     Common Stock at $5   500,000   Paid in capital in Excess of $5   1,500,000 C Date Items Debit Credit X-X-13 Cash 2000000     Common Stock   2000000 Chapter 2 Exercise 3 Analysis of stockholders' equity A Cash $604,000 Price per share $104 Number of preferred stock issued 5569.536424 B Number of common stock sold 792324.2468 Price ...

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Accounting

Accounting Accounting Assignment Answer 1: Basic Accounting Equations Asset (A) Expense (E) Liabilities (L) Asset (A) Revenue (R) Asset (A) Asset (A) Expense (E) Answer 2: Basic balances Sheet computations a. Determine Rossi's total assets as of December 31 Rossi Enterprises December 31st Cash 7,400 Accounts Receivable 14,800 Current Assets 22,200 Building 30,000 Land 18,000 Fixed Assets 48,000 Total Assets 70,200 b. Determine ...

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Accounting For Decision Making

Accounting for Decision Making Absorption and Variable Costing Contribution Margin Income Statement For the Quarter Ended March 31, 2013 Sales (25000*100)[w1] $25,00,000 less: Variable Expenses Variable cost of goods sold Beginning inventory $0 add: Variable manufacturing overhead (25000*48) [w2] $1,200,000 goods available for sale $1,200,000 less: ending inventory $0 variable cost of goods sold $1,200,000 add: selling and admin expense $350,000 $1,550,000 Contribution Margin (2500000-1550000) $950,000 less: fixed expense: fixed manufacturing ...

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Taxation

Taxation Taxation Q1) Data Income from JJ personal contribution $20000 Income received from employer contribution $1000 Dividend received from Australian company $22000 - 140000 = $8000 Dividend received from foreign company $ 14000 Income earned from increase in investment value $ 24480 Income received from government contribution $1000 Income received from sale of investment $146000 Total expense Fees expense on Audit ...

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Budgeting

Budgeting Budgeting Calculate the flexed budget and the key variances between budgeted and actual results. There are different kinds of budgets that a firm can develop in order to set their targets. The comparison of actual and budgeted amounts will help a firm in analyzing its performance during a fiscal year. The management ...

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Financial Management For Human Service Administrators

Financial Management for Human Service Administrators Financial Management for Human Service Administrators Differences between Nonprofit and For-Profit Organizations Profit and Non-Profit organization as name suggests differs with respect of goals. Profit organization focus is on profit maximization while other focus is not on profit rather on delivery of specific quality services. ...

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