...PRACTICE EXERCISES PE 17–1A Accounts payable $8,400 increase ($78,400 – $70,000), or 12% Long-term debt $5,760 increase ($101,760 – $96,000), or 6% PE 17–1B Temporary investments $10,800 increase ($70,800 – $60,000), or 18% Inventory $11,000 decrease ($99,000 – $110,000), or –10% PE 17–2A Amount Percentage Sales $500,000 100% ($500,000 ÷ $500,000) Gross profit 140,000 28 ($140,000 ÷ $500,000) Net income 40,000 8 ($40,000 ÷ $500,000) PE 17–2B Amount Percentage Sales $600,000 100% ($600,000 ÷ $600,000) Cost of goods sold 480,000 80 ($480,000 ÷ $600,000) Gross profit $120,000 20% ($120,000 ÷ $600,000) PE 17–3A a. Current Ratio = Current Assets ÷ Current Liabilities Current Ratio = ($190,000 + $150,000 + $260,000 + $300,000) ÷ $600,000 Current Ratio = 1.5 b. Quick Ratio = Quick Assets ÷ Current Liabilities Quick Ratio = ($190,000 + $150,000 + $260,000) ÷ $600,000 Quick Ratio = 1.0 PE 17–3B a. Current Ratio = Current Assets ÷ Current Liabilities Current Ratio = ($140,000 + $60,000 + $40,000 + $80,000) ÷ $160,000 Current Ratio = 2.0 b. Quick Ratio = Quick Assets ÷ Current Liabilities Quick Ratio = ($140,000 + $60,000 + $40,000) ÷ $160,000 Quick Ratio = 1.5 PE 17–4A a. Accounts Receivable Turnover = Net Sales ÷ Average Accounts Receivable Accounts Receivable Turnover = $560,000 ÷ $40,000 Accounts Receivable Turnover = 14.0 b. Number of Days’ Sales in Receivables = Average Accounts Receivable ÷ Average Daily Sales ...
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...You are a middle manager in a healthcare organization that has merged with a previous competitor. Up until now, employees saw the competition as an enemy that provided a poor quality of care. The new corporation, however, has in place several inpatient and outpatient services that your organization does not. Write a 1,400- to 1,750-word paper in which you address the following: What affect will the sale have on the culture of the new combined organization? As a middle manager, what might you do to ensure that the combined staff will work together to provide quality care without taking on the competitive stance? Describe what the organization will look like in terms of systems and shape. Use the reading to provide a theoretical framework for your discussion. Cite at least four references. Format your paper consistent with APA guidelines When a merger is done two or more entities are combined into one. This may be done through a purchase acquisition of different ideas. With a merger a new entity is created . With this new entity it is up to the manager to find ways to combine the companies so that they can effectively communicate as well as work together. Many companies fail when trying to merge because of culture differences. "The beliefs and behaviors that determine how a company's employees and management interact and handle outside business transactions. Often, corporate culture is implied, not expressly defined, and develops organically over time from the cumulative...
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...Our physical body is a present from our loving Heavenly Father. One of our greatest life blesssing is our body. He gave us the opportunity to come to earth and receive our bodies as He wants us to become like hime. Since we have the chance to develop and make the most of our body, we should take a good care of it. We should follow the word of wisdom and stay away from harmful substances such as tobacco, drugs, or coffe. We also should excersice regularly, eat healthy, and getting plenty of sleep. Taking good care of our bodies will make us look better and be stronger - physically, mentally, and emotionally. By doing so, we also show our love and respect to God. I am always very grateful that I was born in a family, although not Mormon, that still take care of me very well. My mom and dad taught me what is right and what is wrong. They taught me to live righteously, so I will never regret about what I had done. They taught me to help others when I can. They taught me many things. Thus, I sometimes fell very terrible for people who don’t have the opportunity to be guided by their parents, and who commit sin unconciously without their parent’s guidance or under a wrong guidence. It is a sin when people give birth to their children but not teaching them rigteous thing. I will never make the same mistake when I have my child. Sometimes we Mormon were blamed of building extravagant temple to worship God while many people are starving and do not have a roof over their head...
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...“It has become appallingly obvious that our technology has exceeded our humanity” -Albert Einstein Today, smartphones, tablets, laptops, and so on; are the key to keep you connected, these gadgets keep us in constant contact with friends and family, and they also allow us to have easy access to the Internet. These gadgets are rarely out of reach, when they should be a privilege, you can find people using them in the office, the classroom, the library, the cafeteria or on their room. All of these devices might keep you close from those who are far away, buy they also keep you far away from those who are close. Good morning members of the jury, ladies and gentlemen. My name is Elena Saravia Garza, and today I will talk to you about doing something more interesting than watching your TV. American teenagers spend more than seven hours each day using devices, when that should be the total time in a week. That means half their waking time. If you ask someone what are the most important things in their lifes, their family and friends would probably be near or at the top of the list, but instead of spending most of their free time with them, they spend it using gadgets. Spending a lot of time in devices can lead to serious consequences, like obesity, cancer, heart troubles, damaged eyesight, diabetes, sleep dificulties, decreased attention span, limited brain growth, autism along with others. Most people have fences and locks on their doors because they don’t want...
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...According to an article from the CDC asthma is affects 1 in 11 children. It also affects 1 adult out of every 12. Is is still unknown as to what causes asthma however studies have shown that asthma can be triggered by the following; - Excersice - Air pollution - Tobacco smoke - Allgerns which include dust, pollen, mold, animal dander, and dust mites Although a “cure” has not been found to end this respiratory disease, it is however treatable. Individuals with asthma can use inhalers to help treat an asthmatic attack. In 1633, the Pequot’s were severely affected by the smallpox epidemic. They resorted to seek the assistance from the English in 1634 against their Indian and European enemies. The result of that, was not a positive one as the English settlers moved in quickly. The Indian rivals of the Pequot’s quickly spread rumors that the Pequot’s were plotting against the English. The new Connecticut colony had displayed similar traces of wanting to operate independently of the parent colony of Massachusetts Bay. Massachusetts Bay had attempted to intimidate the Pequot’s and assert their authority by sending a disciplinary expedition that eventually forced the Pequot’s to go to war. The Pequot’s retaliated with raids that killed several English women, men and children. The Pequot war started in 1637 and had several great consequences. This was the first crucial armed conflict between the native people and colonist of New England. Captain John Underhill and John...
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...Universidad del Sagrado Corazon Santurce, Puerto Rico Atabey Informative Essay Edgar Morell “Nothing great in the world has ever been accomplished without passion.” -Georg Wihelm Freidrich Hegel It is true that economic dissatisfaction has grown bigger over the last years in the island, leading to an overwhelming crisis that’s undertaking every financial and social aspect pertaining to puertorricans. Different political parties have tried to establish what could see like an answer to this predicament, evaluating traits common to different areas, possible resolutions to income and tax problems and even suggesting different models to acquire a more sustainable economic standard. The recent degradation of the islands bonuses and debts have affected not only it’s image worldwide, but also the liquidity of the already established enterprises that operate within. Recession has defined the reality of former corporate workers, or government employees, as the case for the infamous “Ley 7”, leaving them unemployed, frustrated and in some cases bankrupt. People have lost houses, cars, goods acquired over time with savings and have been led to experience changes in their lifestyles to re-accommodate to this new era. Some have been drowned by their situation, where as a small growing niche has felt empowered by the crisis and decided to change this condition. This rising phenomenon has been described my many economists and financial analysts as the era of the “micro-entrepreneurship”...
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...Similarly, he is civilly liable for assisting his master in a fraud. Conversely, the master is liable for the torts of his servant committed in his service. A master lies under certain duties to his servant; he is bound to provide an apprentice with medical attendance and medicine during sickness, secus, in the case of a metal or general servant. He is bound to provide for the reasonable safety of his servant while engaged in his employment, as by fencing machinery and otherwise. A master may maintain an action for debauching his servant and may even justify an assault in protecting his servant. Definition Negligence is the failure to exercise the care tha a reasonably prudent person would excersice in like circumstances . the area of tort law known as negligence involves harm caused by carelessness , not intentional harm. The omission to do something which a reasonable man, guided by those considerations which ordinarily regulate the conduct of human affairs, would do. or doing something which a prudent and reasonable man would not do. It must be determined in all cases by reference to the situation and knowledge of the parties and all the attendant circumstances. Master and servant Is a term used to describe the legal relationship between an employer (master) and employee(servant) for purposes of determining an employer’s liability for acts of an employee. A master and servant relationship is determined based upon the amount of...
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...“A STUDY ON BANK AUDITING” BACHELOR OF COMMERCE BANKING & INSURANCE SEMESTER V (2013-14) SUBMITTED BY: ANERI SHAH ROLL NO - 88 PROJECT GUIDE: PROF. SONALI DEOGIRIKAR K.J SOMAIYA COLLEGE OF ARTS,& COMMERCE, VIDYAVIHAR (EAST), MUMBAI-400077 K.J.SOMAIYA COLLEGE OF ARTS, & COMMERCE, VIDYAVIHAR (EAST), MUMBAI – 400077 PROJECT ON: “A STUDY ON BANK AUDITING” BACHELOR OF COMMERCE (B&I) SEMISTER V (2013-2014) Submitted In Partial Fulfillment of the requirements For the Award of the Degree of Bachelor of Commerce- Banking & Insurance By Ms. ANERI SHAH ROLL NO.88 K.J.SOMAIYA COLLEGE OF ARTS, & COMMERCE, VIDYAVIHAR (EAST), MUMBAI-400077 CERTIFICATE This is to certify that Ms.ANERI SHAH of B.com. Banking & Insurance Semester V (Academic Year) 2012-2013 has successfully Completed Project on “A STUDY ON BANK AUDITING” under the guidance of PROF.SONALI DEOGIRIKAR (Mrs.SMITA DAYAL) (Dr.SUDHA VYAS) Course co-ordinator Principal INTERNAL EXAMINER EXTERNAL EXAMINER (Mrs. SONALI DEOGIRIKAR) Project Guide DECLARATION I, Ms. ANERI SHAH the student of B.com - Banking & Insurance - Semester V (2013-2014) hereby declares that I have completed Project on “A STUDY ON BANK AUDITING”. Wherever the data/information has been taken from any book or other sources have been mentioned in bibliography. The information submitted is true and original to the best of my knowledge. Student’s Signature Ms. ANERI SHAH (ROLL...
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