Accounting

The entry to record the dishonor of a note receivable assuming the payee expects eventual collection includes a debit to
A. Notes Receivable.
B. Cash.
C. Allowance for Doubtful Accounts.
D. Accounts Receivable. – D
Owners equity – The % the owner holds in the bussiness
Free Cash Flow equation – = Cash provided by operations- Capital expenditures-Cash dividends
Liabilities – a business's present obligations to pay cash, transfer assets, or provide services to other entities in the future
Gross income – Валовая прибыль
relevance principle – prescribes that an accounting information system report useful, understandable, timely and pertinent information for effective decision making
Weighted-average unit cost – Average cost that is weighted by the number of units purchased at each unit cost.
Cash. – Coins, currency (paper money) checks, credit card receipts, and money orders received from others, as well as money deposited in the bank.
We can identify operating activities from income statement information and changes in: – current asset and liability accounts
gross receipts – Bruttoeinnahmen
A campaign manager for a local politician is interested in the percentage of Leon County residents that intend to vote in the 2020.  In past elections, 38% of residents have voted.  However, she believes the proportion will be higher than 38% in 2020.  Residents from each neighborhood in Leon County are randomly sampled. Using simple random sample techniques, larger neighborhoods have a larger number of residents randomly sampled and smaller neighborhoods have a smaller number of residents randomly sampled to get a representative sample.  Altogether 434 Leon County residents are sampled.  The result is that 174 of the sampled Leon County residents intend to vote in the 2018 midterm elections in November.  Calculation: Calculate the test statistic and p-value for the sample. 
Owner investment – Assets put into the business by the owner. (p.23)
Current assets – Assets that change over a short period of time
A cаmpаign mаnager fоr a lоcal pоlitician is interested in the percentage of Leon County residents that intend to vote in the 2020.  In past elections, 38% of residents have voted.  However, she believes the proportion will be higher than 38% in 2020.  Residents from each neighborhood in Leon County are randomly sampled. Using simple random sample techniques, larger neighborhoods have a larger number of residents randomly sampled and smaller neighborhoods have a smaller number of residents randomly sampled to get a representative sample.  Altogether 434 Leon County residents are sampled.  The result is that 174 of the sampled Leon County residents intend to vote in the 2018 midterm elections in November.  Calculation: Calculate the test statistic and p-value for the sample. 
Adjusting LIFO COGS to FIFO (IS) – FIFO COGS = LIFO COGS – current period change in LIFO reserve
Proprietorship – A business owned and controlled by one owner

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply