Accounts receivable

Mission, Vision & Values Organization 's main goal and vision is to give espresso machine which are inside desire of bistros and eateries ' effectiveness Mission To set and keep up the most elevated standard of value and morals in all that we do To give idealize, espresso machines as indicated by necessities and fabulous, dependable administrations to our clients, unwavering quality and maintainability To win the trust of our clients, representatives, accomplices and our group and to add to great

service company •sole proprietorship Chart of Accounts – see below. The numbers correspond to dates in the month of February (Use journal entries only) 1. Initial capital of $100,000 2. Prepaid rent - $19,200 for 2 years 3. Prepaid insurance - $24,000 for 2 years 4. Purchased a desk on account for $500 5. Purchased office supplies for $950 6. Sold 20 bicycles @ $350 each 7. Sold 3 bicycle parts for a total of $450 on account 8. Used $250 worth of office supplies

-Lease vs. buy decision? Capital equipment is necessary for Granny’s Greenhouse to operate, the actual greenhouse. The greenhouse will have its own heating and cooling features to maintain a steady growing temperature. The cooling system works by running water down the glass panes that have fans blowing air on the water to evaporate, thus cooling the interior. (Priest, 2013) Additional equipment will include computers, pumps, tanks, etc. The total cost is $150 thousand financed at 6% which

submitting a forged reimbursement for a hotel room that did not exist, yet the employee did not lose his job. Also, when Jackie caught a general manager using petty cash to buy his own hair products, or when she caught an employee using the company’s UPS account to run a bookie operation, the employees were allowed to continue working at the company because they were “just too valuable to the company to be

Unit 2: Business Resources Assignment 4:P4 Sources of Finance Internal Sources of finance Owners’ savings- the owner of a business often has to use their own personal savings to start a business, particularly if they are a sole trader. This is because banks may not be willing to take a risk and invest in them. Savings are a good source of finance for a business, as interest does not need to be paid to someone else while the money is being used, and the business remains totally in the

An important input to the sales process is: a) A customer sales order (X) b) The cash forecast c) Aged accounts receivable information d) A receiving report 11. The primary objective of a manufacturing organization’s production process is to: a) Maintain inventories at a zero level b) Convert raw materials into finished goods as efficiently

6. In order to succeed, Jones must keep their costs down and try to increase their sales, reduce their inventory. They also have to collect their account receivable more efficiency. Recommendation  According to the pro forma statements (appendix 2), Jones should take the strategy that is “rapid sales growth -- forgo trade discounts – large need for financing -- debt finance -- long- term debt”.  

You have been asked by a health care magazine to write a series of articles focusing on health care financial concepts. The articles will be included in five consecutive issues and will be geared towards readers with little knowledge of finance. You must ensure that the articles are both informative and engaging to your audience. You must also ensure that your articles relate financial principles to the health care industry. Write a 700- to 1,050-word article in which you: Explain basic financial

sales. They would like to manage their inventory more efficiently by reducing day’s sales in inventory to 180 (use a 360-day year for your calculation) • A purchase of $28,800 in new fixed assets are required to accomodate the growth in sales. • Accounts payable and

 Explanation of error and how you found it A transposition error was found in the Expense account ($250, not $205). The trial balance discrepancy of $45 was divided by 9, and the result was an even amount. Therefore, a transposition error was possible, so a search was begun. b) 7. b) (cont.)   Explanation of error and how you found it The balance in the Bank account was subtracted incorrectly; it should be $3 505. The trial balance discrepancy was a multiple of ten