Acme Company has an agreement with a major credit card company that calls for cash to be received immediately upon deposit of Acme customers' credit card sales receipts. The credit
card company receives 3.5% of card sales as its fee. If Acme has $2,000 in
What is accounting?
It identifies what information needs to be recorded to be communicated to people like investors
Legal Forms of Business Business Entities
- Not a separate entity
- 1 owner
- Unlimited personal liabilit
Statement of Cash flows explains inflows and outflows of cash due to operating,
investing, and financing activities over a period of time
Steps in accounting cycle
1) Analyze transactions
2) Journalize transactions
3) Post from journal to the ledger
Each transaction has 2 entries
Accounting equation always stays in balance
On credit = service performed now, client pays later
All transactions that affect assets, liabilities, or revenues must be recorded
1) Date transaction Year, month, day
2) Account title Enter account titles debited
3) Account title Enter account titles credited - Indented
4) Explain Transaction- and half-indented (not as far as credit)
Post Ref. Debit
Engaging diverse communities through leading and learning for
333 South Twin Oaks Valley Road, University Hall 468
San Marcos, California 92096-0001
Course Days &
SAMPLE EXAM 1 ~ Chapter 13 - 16
Multiple Choice Questions
50. External users of financial information:
A. Are those individuals involved in managing and operating the company.
B. Include internal auditors and consultants.
C. Are not directly in
Math 253 Intermediate Algebra
Midterm Study Guide
(Bittinger 6th Edition Chapters 6 9 & Sections 10.1 10.6)
of the following
Chapter 6 Rational Expressions and Equations
1. Simplify each rational expression.
y 2 5 y
Exercise 22-1 Departmental expense allocations LO P2
Woh Che Co. has four departments: materials, personnel,
manufacturing, and packaging. In a recent month, the four
departments incurred three shared indirect expenses. The
amounts of these indirect expen
1. What day was the declaration of independence published?
2. How many states are there in the U.S?
3. What is congress and what do they do
4. How old do you have to be to vote
5. Who has power to declare war?
6. Who was ou
Dear, Bishop Kevin Vann
I want to be confirmed because I wanted to confirm my faith of Catholicism. I have
always had a strong relationship with Jesus Christ and God and these past two years becoming a
young adult even through the confirmation c
I. Profitability Ratio
Gross Profit Margin
A higher margin percentage indicates a better profit. In 2015, the gross profi
DIMSDALE SPORTS CO.
January, February, and March 2014
Budgeted Unit Price
Total for the first
May 16, 2016
I am excited to bring you the information you are requesting. I currently just finished a
report with a client in the pest control industry. Flyswatters are a very niche
Nicholas D. Abdulla
Aliso Viejo, CA 92656
Seeking employment while attending classes at Saddleback College.
Upon graduating from high school, I gained one year sales experience working full time
as an inside sales rep
Shelly Cashman Excel 2013 Chapters 1-3: SAM Capstone Project 1a
Score is 69 out of 100
1. Open the Statistics worksheet. Modify the column widths and row heights as
a. Use AutoFit Column Width to change the
1 in 5 adults and teenagers smoke
9 out of 10 smokers start before the age of 18, and 98% start smoking by age 26.
What is love?
Love is a feeling we all have in common, everyone is capable of loving. The reason why people
need to be a loving person is having that emotional high. People need to realize how to show
love to other people even if y
English Period 4
16 October 2014
Have you ever wondered what a hero is?
In the novel Picture Bride, the main character Hana Omiya should be viewed as a hero because she
demonstrates bravery and perseveran
Characteristics of agencies
Branch of bureaucracy
Independent regulatory commissions
Heads of (almost) all department
Head Justice Department
Hatch Act of 1939
Family Insurance Needs :
70% of current family expenses = (
x 70% )
Sum Assured :
Type of Insurance