2. Time value of money means that a dollar today is worth more than a dollar a year from now if
for no other reason than you could put the dollar in a bank today.
4. Accounting net income is based on accruals rather than on cash flows. Both the net
2. I chose ABC. And some planning and control activities managers would engage in would be
deciding how many shows to schedule, how much money they give to each show, how they will
pick up new shows, and so on. Also they would have to decide if
The Financial Project for the Walt Disney Company
By: CASSIE MINA and KAITLIN GOODSELL
To be one of the worlds leading providers and producers of entertainment and
information. Using our portfolio of brands to differentiate o
A) JOSH BANKS
Deposit in Transit
1. Bank service charge.
D_ 2. Outstanding checks.
3. Check for $320 correctly written and paid by the bank but incorrectly entered
in the cash payments journal for $230.
4. Deposit in transit.
Problem # 4
The cash records of Elston Company show the following:
1. The June 30 bank reconciliation indicated that deposits in transit totaled $390. During July, the general
ledger Cash account shows deposits of $9,600, but the bank statement indicates
Problem # 5
The following information was used to prepare the March, bank reconciliation for Benson
Machine Works. Identify the items that require adjustment to the cash balance per books and
prepare the appropriate adjusting entries.
1. Included with the
The August bank statement for Mobile Service shows a balance of $8,900, but the
balance per books shows a cash balance of $8,310. Other information includes:
1. A check for $10 was recorded on the books as $100.
2. Included on
Discuss the similarities and differences between common stock and preferred stock
Both common and preferred stock give the investor an ownership interest in a company and both
trade on a stock exchange.
If a company dissolves, preferred shareh
Behavior styles are the styles of an individual, which will tell us about one another .Each
person has a style that is different and neither is better or worse than the other each has the ability
to compliment one another. Behavioral style
Video Case Study
1. In the 21st century what trends in the environmental forces (social,
economic, technological, competitive, and regulatory) (a) work for and (b)
work against success for Prince Sports in the Tennis industry?
a.) Social media,
Discuss the basic nature of intangible assets and how they are used in business. Use examples to
make distinctions and points.
Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or
physically measured, and are c
Student Name: Melinda Hart
Depletion Expenses for 2013 and 2014 = ?
No. of tonnes
Depletion cost per unit = Depletable cost / units of resources
Depletion cost per unit
Units of resources- 2
Name: My Huyen Trinh
Instructor: Bill Reed
May 31, 2011
Cash balance per bank statement
Add: Deposit in transit
Less: Outstanding check
I never have credit card till now because I think it is unnecessary for me and I prefer to use debit card more than credit card. Three disadvantages of credit card. 1. They allow you to build up more debt than you can handle and some company right now eve