...Homework Submission TemplateCh1 & Ch2 Amber Allen Exercise 1-1, Questions 1-10 (5 points) page 29-30: Q # 1 _a__ Q # 2 _c__ Q # 3 __c_ Q # 4 _c__ Q # 5 _b__ Q # 6 _c__ Q # 7 _d__ Q # 8 __c_ Q # 9 __b_ Q #10 _c__ Problem 1-3 (10 Points) page 32: Q # 1: Budgetary Compliance: No Expenditures was recognized. Total salary and wages should be recognized when paid in 2015 Interperiod Equity: Amount should be recognized when it is earned in 2014 Q # 2: Budgetary Compliance: Should be recognized when payment of $170,000 was made in 2015 Interperiod Equity: Pension contribution amounting $225,000 calculated by actuary should be recognized in 2014, at the time when employees earned the benefits Q # 3: Budgetary Compliance: Cost of vehicles should be recognized when payment for cars were made. $105,000 in 2014 Interperiod Equity: Cost of vehicles should be recognized over the 3 years in which cars would be used (35,000 per year) Q # 4: Budgetary Compliance: Interest revenue amounting $1,000 should be recognized when received in year 2015 Interperiod Equity: Interest should be recognized when it is earned in 2014 Q # 5: Budgetary Compliance: Expenditures made for the office building should be recognized when it is used, regardless if building is paid for. Expenditures would be $400,000 per year for 25 years Interperiod Equity: Cost of office building should be recognized when it is used, regardless of building is paid for. Q # 6: Budgetary...
Words: 742 - Pages: 3
...Introduction to Corporate Finance Week 1 by Hee Soo Lee Learning Goals The basic types of financial management decisions and the role of the financial manager The financial implications of the different forms of business organization The goal of financial management The conflicts of interest that can arise between owners and managers The various types of financial markets 2 Chapter Structure 1.1 The Types of Firms 1.2 Ownership Versus Control of Corporations 1.3 The Stock Market 3 What is Corporate Finance? Three important questions that are answered when you start your own business: - What long-term investments should you take on? (business type, building, machinery, and equipment?) - Where will you get the long-term financing to pay for the investment? (bring other owners or borrowing?) - How will you manage the everyday financial activities of the firm? (collecting from customers and paying suppliers) Corporate finance is the study of ways to answer these three questions Finance can be defined as the art and science of managing money Finance is concerned with the process, institutions, markets, and instruments involved in the transfer of money among individuals, businesses, and governments 4 Legal Forms of Business Organization Three major forms Sole Proprietorship : business owned by a single individual Partnership: business formed by two or more individuals or entities ...
Words: 1934 - Pages: 8
...Copyediting & Proofreading FOR DUMmIES by Suzanne Gilad ‰ Copyediting & Proofreading For Dummies® Published by Wiley Publishing, Inc. 111 River St. Hoboken, NJ 07030-5774 www.wiley.com Copyright © 2007 by Wiley Publishing, Inc., Indianapolis, Indiana Published by Wiley Publishing, Inc., Indianapolis, Indiana Published simultaneously in Canada No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Sections 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, 222 Rosewood Drive, Danvers, MA 01923, 978-750-8400, fax 978-646-8600. Requests to the Publisher for permission should be addressed to the Legal Department, Wiley Publishing, Inc., 10475 Crosspoint Blvd., Indianapolis, IN 46256, 317-572-3447, fax 317-572-4355, or online at http://www.wiley.com/go/permissions. Trademarks: Wiley, the Wiley Publishing logo, For Dummies, the Dummies Man logo, A Reference for the Rest of Us!, The Dummies Way, Dummies Daily, The Fun and Easy Way, Dummies.com, and related trade dress are trademarks or registered trademarks of John Wiley & Sons, Inc., and/or its affiliates in the United States and other countries, and may not be used without written permission. All...
Words: 125743 - Pages: 503
