Other - Business & Finance - October 2007

Revenues is the difference between cash receipts and cash payments. it is true or false?

please answer only if you are 100% sure thanks.

2007-10-11 10:14:52 · 2 answers · asked by dark_armies 2

The question says:
you borrow $2500 from the bank, signing a one year, 6% note payable.

I debit Cash for $2500 and credit notes payable for $2500?

I guess im not sure where the 6% comes in, and my book is no help.

2007-10-11 10:10:02 · 4 answers · asked by Adam 1

without getting a red flag from the bank to the IRS? We have customers who like to pay in cash, but I was told this could lead to unwanted, uneccessary questioning from the IRS. Somewhere I heard 10K, but am not sure of this....?

2007-10-11 10:09:51 · 8 answers · asked by bijou 4

in $4 [how many £ in $4

2007-10-11 09:54:08 · 6 answers · asked by Anonymous

2007-10-11 09:26:11 · 4 answers · asked by kary f 2

I am computing the cost of Ending Inventory by using the LIFO and FIFO methods. Will there be any difference in my cost of ending inventory between periodic and prepetual systems?

2007-10-11 09:13:19 · 4 answers · asked by taintpunch 2

A company aquires a competitior for $100 million. It amortizes the transation over ten years ($10 million/year). What transactions occur on the income statement, balance sheet, and cash flow statements in years 1 and 2?

2007-10-11 08:54:49 · 3 answers · asked by Jay J 1

I was wondering where you could buy the packaging that they put onto new DVD's as I run a program development business and can't find a website that sells it??!!

2007-10-11 08:21:59 · 2 answers · asked by Toby 2

2007-10-11 07:55:58 · 3 answers · asked by Anonymous

My trial period in the company expires in a two weeks' period. I have just attracted a new customer who is ready to make the first order for several tens of thousands of EUR. The customer asks for a discount, however, if the discount is granted, I am going to lose my bonuses.

Yours action?!
10x

2007-10-11 06:16:25 · 1 answers · asked by Anonymous

will call back but they never do i have even given them my bank details then im told by them a month later that i have to set up the payments i have sent numerous emails and made many calls but get nowhere
today i get a call from them saying they dont believe me and i have to pay the full amount in 7 days even though i have the emails as proof that ive tried to pay its obvious they werent getting the phone messages, its a furniture storage company
and i will pay the full amount if they pick up the calls and the reason i didnt pay today is because i couldnt speak to them properly as im at work
im annoyed that i tried to pay but couldnt and now they are passing the butt

2007-10-11 05:48:58 · 20 answers · asked by caroljohnson13 3

2007-10-11 05:44:22 · 1 answers · asked by sentosa 1

Has anyone had a kirby salesman come to your house and when you say you cannot afford the vacuum they still push you to buy it? I had a couple of guys come here to sell me one. Well he did his demo, then i asked how much,,then i said no thank you, then his boss can in my house and would not leave. He asked very personal questions and was so rude. I asked him to leave and he just would not, so finally my husband said please leave and the guy would not listen. Finally I said fine we will buy one. I hate the vacuum, I cannot afford it. Has this ever happened to anyone else? Should I have called the cops?

2007-10-11 05:21:27 · 4 answers · asked by Anonymous

I don't mean on the computer,,I mean real paper mail that is delivered..

2007-10-11 04:10:43 · 8 answers · asked by Eileen J 7

2007-10-11 03:00:41 · 16 answers · asked by Diversity Girl 1

2007-10-11 02:16:16 · 4 answers · asked by ameri0903 3

2007-10-11 01:18:05 · 1 answers · asked by Kayle xxx 2

if a partner wants to leave the partnership how would the records be treated before he leaves?

2007-10-11 01:04:50 · 1 answers · asked by namankada 1

2007-10-11 00:06:59 · 1 answers · asked by oksana i 1

Its about a special stock deal...thanks

2007-10-10 23:36:45 · 2 answers · asked by ajb_mgb 1

2007-10-10 23:01:44 · 2 answers · asked by Anonymous

Do you think that people who earn more money are happier?HELP PLZ LOL ITS ALSO FOR MY HOMEWORK AND I WANT TO KNOW :)

2007-10-10 22:07:54 · 2 answers · asked by Anonymous

I have recently joined a companies finance dept and the the first task i goes like this:
The company gets telephone bills every monthand there will be caller ids for these. So it would be something like 6000 calls assigned for about 150 caller ids.
Whats my job is to process this data such that it shows no. of calls per each id, total amount for each and the total of the minutes spoken.
Do i need to know v - look up to do this?

Note: I do know that theres microsoft training program but donno who session to take exactly.
If someone can write the steps to do this breifly, it would be of great help.

2007-10-10 21:42:32 · 1 answers · asked by itsborin 1

goods costing $1,600 are purchased on account on july 15 with credit terms of 2/10, n/30. on july 18 the purchaser receives a $200 credit memo from the supplier for damaged goods. give the journal entry on july 24 record payment of the balance due within the discount period

2007-10-10 20:21:38 · 1 answers · asked by Anonymous

a credit sale is make on july 10 for $ 800, terms 2/10, n/30. on july 12, the purchaser retuns $100 of goods for credit. give the journal entry in july 19 to record the receipt of the balance due within the discount period??

2007-10-10 20:17:47 · 1 answers · asked by Anonymous

Working on some accounting homework; I'm not sure how to journalize the signing of a contract for an imaginary construction company. Any accounting majors out there who can tell me whether the signing of a $250,000 contract for work set to begin at a future date would be recorded in the general journal? If yes, which accounts are debited and credited? Thanks a bunch.

2007-10-10 18:36:37 · 2 answers · asked by redmercury82 2

What kinds of information does Universal, Paramount and other film companies give product placement companies to seek advertisers who want to pay money to have their product shown in a movie? Is a potion of the script obtained? Any detail will help.

2007-10-10 18:18:17 · 1 answers · asked by Jake K 2

THe dollar sank 44% in 3 years...and it is expected that the Euro will become $1.50 by the beginning of next year. If I wait longer will I be using the dollar for toilet paper?

2007-10-10 17:59:05 · 2 answers · asked by Howard 1

how much, for what amount?
(all types)
and which is worth more, ruby, or diamond?

2007-10-10 15:54:31 · 1 answers · asked by Ben 2

On June 30, 2007, Wally's Company's bank statement showed a $7,829.32 bank balance. Wally has a beginning checkbook balance of $7,500. The bank statement also showed that it collected a $1,100.50 note for the company. A $1,800.10 June 30 deposit was in transit. Check no. 119 for $760.88 and check No. 130 for $291.44 are outstandng. Wally's bank charges 30 cents per processed check. This month, Wally wrote 78 checks. Prepare Wally's reconciliation statement.

2007-10-10 15:27:38 · 2 answers · asked by Anonymous