Financial accounting Research Paper Example | Topics and Well Written Essays - 1500 words

Financial accounting - Research Paper Example Practice 3-1 Solution: a. The accounts impacted by the transaction are 'Cash' and 'Notes Payable' b. Both 'Cash' and 'Notes Payable' accounts increased. c. 'Cash' and 'Notes Payable' accounts increased by $5,000. d. Total Assets increased by $5,000, Total Liabilities increased by $5000, Total Equity, however remained unchanged. Practice 3-2 Solution: a. The accounts impacted by the transaction are 'Cash' and 'Land' b. 'Cash' account decreased while 'Land' account increased. c. 'Cash' decreased by $45,000. 'Land' increased by $45,000. d. Total Assets, Total Liabilities and Total Equity remained unchanged. Practice 3-11 Solution 20XX May 1 Cash.. . 125,000 Notes Payable.. 125,000 Borrowed from Far West Bank signing a 2-yearnote at 14% Practice 3-12 Solution 20XX May 14 Land.. 45000 Cash.. 45000 Bought land on west side of Hatu Lake Practice 3-16 Solution Refer to Practice 3-11 Notes Payable 20XX 20XX May1 Beg. Bal. 0 May1 Cash 125000 May30 End. Bal. 125000 Cash 20XX 20XX May1 Beg. Bal. 0 May1 Notes Payable 125,000 May30 End. Bal. $125,000 Refer to Practice 3-12 Land 20XX 20XX May1 Beg. Bal. 0 May14 Cash 45000 May30 End. Bal. $45000 Cash 20XX 20XX May1 Beg. Bal. 0 May 14 Land 45000 May30 End. Bal....These are called "generally accepted" because they are widely accepted by business community. Otherwise, these rules will have no application in business. In the USA, Financial Accounting Standard Board (FASB) develops GAAP. It is a private body that sets both broad and specific rules (Wild, 2005). Securities and Exchange Commission (SEC) is another government entity that sets reporting requirements for companies that issues stock to general public. In addition to above-mentioned two bodies, there is another board called International Accounting Standards Board (IASB) that establishes International Financial Reporting Standards. This is an attempt to establish a harmonious and consistent system of accounting throughout the globe. However, IASB cannot impose these rules to organizations. The main objective of GAAP is to make financial information "relevant, reliable and comparable" (Wild, 2005). Managers' decisions are highly affected by the relevant financial information. Adherence to GAAP offers reliability to financial information and wins the trust of the user. Good understanding of these principles is necessary especially when you are comparing the performance of two or more companies, especially when the companies belong to different industries or countries. An adjusting entry is necessary to bring assets/ liabilities and revenu

Dennis the Menis movie report Essay -- essays research papers

Dennis the Menace Report In the movie Dennis the Menace, there are many different age groups represented; childhood, adolescence, adulthood, and older adulthood. During childhood, children are carefree, fearless, talkative, curious, and playful. In adolescence, teens are faced with many important responsibilities and decisions. They start to become more mature and become interested in the opposite sex and sexual actions. When you enter into the adulthood and older adulthood world then you are faced with many more decisions and obstacles including; what job you are going to choose to do for the rest of your life and when or if you are even going to get married and start a family. Also, you must think about buying food, clothes, a house, car and other necessities or wants. Along with each age group comes some worries. When you are in the childhood age group, things that seem big to you actually are not all that big. For example, when Dennis’ mom tells him he has to go to Margaret’s house while she goes to work all summer, he acts like it is the end of the world. In the adolescent age group things get a little more stressful. Some things that are stressful for the adolescents are keeping up their grades because school has gotten harder, getting a job, making the team, and things like that. With the adulthood and older adulthood age group comes the realization of necessities needed to just get by because it is the first time you are supporting yourself. As time goes on you ge...

Methodology (Research Design or Methodology of the Study) Essay

This chapter contains the discussion of the research design, the locale of the study, the respondents of the study, research instruments and validation of instruments, research procedure and statistical treatment of the data used in the study. Research Design The descriptive method of research will be use in this study withthe questionnaire as the main tool in gathering the needed data. Also use to obtain information concerning the current status of the phenomena to describe â€Å"what exists† with respect to variables or conditions in a situation. On the other hand, the descriptive research design is scientific methods which involve observing and describing the behavior of subject without influencing it in any way. A grade point average is descriptive statistic that summarizes progress during student’s academic tenure. It is conducted for a number of reasons. The methods involved range from the survey which describes the status quo and deals with everything that can be counted and studied to justify the validity of the research study that is beneficial to the company, schools and future researcher. The method revealed the personal background of the company and the status of the system, as well as certain perceptions of the type of system, how the present system works, as well as certain files and the common problem encountered in using their present system. Descriptive studies are done as the first step in a research investigation in order to find more information on a given topic to generate hypothesis. Statistically, the researchers made use of the z-test to determine whether the types of inventory they will have, has a great effect on their operational period. Z-test assesses if the hypothesis being stated will be rejected or not. Among to 33 small sized licensed drugstore in the town of San Pedro Laguna. Sources of Data The researchers utilized the empirical or direct data to attain the objectives of the study, which are gathered from three parts of questionnaires: The first part of the questionnaires contains four questions regarding on what inventory system the entity have, common problem that they face and how they refill their stock.   The second part contains six questions with regards to: if they encounter any problems regarding on preparation of inventory, if they experience hard to do it, if they experience delay on receiving new batches of drugs that they ordered, what types of payment they preferred and are they willing to adopt new system/strategy to be use in preparing inventory system. The third part contains nine statements with regards to evaluation on inventory system. The respondents will be asked to rate several items. Each item will be decided based on the following legend: (5) Strongly Agree, (4) Agree, (3) Neutral, (2) Disagree and (1) for Strongly Disagree Respondents of the Study The respondents of this research includes licensed small sized pharmacies in the town of San Pedro Laguna. Determination of sample size The population size is 36, the researcher get the sample size in order to find out how many respondents they will going to ask. Here is the formula: n = N/1+Ne^2 Where: N = Population size n = Sample size e = Margin of error Margin of error is 5% this percentage is an allowance for non-precision since a sample is used instead of a population. This formula is one of the easiest to follow and most convenient to use in determining the sample size. Computation: n = 36/1+36(.05)^2 n =36/1+36(.0025) n=36/1.09 n=33 Table 3.1 Registered List of Pharmacies in San Pedro, Laguna Small Sized Pharmacy in San Pedro Laguna| Population of small sized Pharmacy| Percentage%| Calendola| 2| 6%| Camella Homes Woodhills Subdivison| 2| 6%| Chrysanthemum| 1| 2.78%| Langgam| 3| 8%| Landayan| 3| 8%| Narra| 3| 8%| Nueva| 6| 16%| Pacita| 4| 11%| Poblacion| 2| 6%| Purok 3| 1| 2.78%| Sampaguita| 1| 2.78%| San Antonio| 5| 14%| Sitio Bukid Riverside| 1| 2.78%| Sto. Nino| 1| 2.78%| United Bayanihan| 1| 2.78%| Total| 36| 100%| Research Instruments Since this research is design to find out if there is an effect of manual inventory system in small sized pharmacy in dealing with in its operation. The researcher used the questionnaire survey method. A questionnaire is/are search instrument consisting of a series of question and other prompts for the purpose of gathering from respondents. The steps required to design and admi nister a questionnaire include: 1. Defining the objective of survey2. Determining the sampling group 3. Writing the questionnaire 4. Administering the questionnaire 5. Interpretation of the Results Validation of Instruments It is necessary to validate questionnaires. It is underwent validation by floating them to group of persons. The research questionnaire underwent validation with the help of our Research Adviser. Research Procedure The researcher have ask permission from the owner of the entity before gathering data and information needed in the research regarding the operation of the business and the problems encountered in their current system through a proposal letter and permission to conduct interviews. Statistical Treatment of Data The researchers will use frequency, weighted mean and percentage in analysis and interpretation of data gathering. After which, to check hypothesis the researchers will use Hypothesis Testing (Z-test) formula is show below: Percentage(%) this is use for the presentation demographic profile of the respondents. To get percentage, this equation is used as %=f/nx100 Where: % = Percentage f = frequency n = size of the sample 100 – constant And after getting the frequency we’re going to get are mean. Of those who answered that they experience having difficulty in making their inventory on the type of inventory system that they have. We are seeking to answer if the types of inventory system that they have make them to experienced difficulty in performing it and also if they encountered problems with regards to the type of system that they have by getting the average mean of those who answered yes they encountered problems and they having difficulty . 1. Compute for P: Let x = number of respondents said that they experience difficulty and problems n = total number of population p =proportion of respondents said that they experience difficulty and problems After obtaining the proportion of respondents who said they experience difficulty and problems by having this type of system, the next thing to do is to compute for the standard error. 2. Compute SP Let Sp =Standard error (For p and n; consider the above description) Sp = p1-p/n 3. Compute Ï€o Let Ï€ = parameter value Z = 1.645-tabular value for Z, level of significance at 95% confidence level. Ï€ = p-(Z∞)(Sp) 4. Testing the significance of parameter value 5. Ho: Ï€o < Ï€o Ha: Ï€o ≠¥ Ï€o 6. Z < 1..645 = Accept Ho Z > 1.645 Accept Ha 7. Compute Z Z = x-nÏ€o/nÏ€o(1-Ï€o)

Character Analysis Of Florence And Trifles And Doubts

In the plays, Florence and Trifles and Doubts, there are many different topics that are prominent. The ones I plan on focusing on are gender roles and race roles. The gender roles in Trifles and Doubts that I shall talk about is how our main character, Mrs. Write, went over the edge in traditional women’s roles in the 1900’s. The race roles in Florence that I shall talk about is how that despite in a racist society, someone can still chase their dreams. This 1950 play by Alice Childress takes place in a train station waiting room in a very small town in the south. The play describes how Miss Whitney, an old black woman, discovers that her premonition of the success of her daughter, Florence, as a black actress is undesirably similar to†¦show more content†¦She got notions a Negro woman don t need. She must think she s white! (Childress. 1320) Her mother expresses a bit more faith responding, Maybe we shoulda just sent her the money this time. This one time. (Childress. 1320) As Marge leaves the station we are introduced to Mr. Brown, an old black porter. As Mr. Brown speaks with Miss Whitney we find out that his son and brother are both attending different colleges. Miss Whitney expresses her thoughts by saying, takes an awful lot of goin to school to be anything. (Childress.1322) Mr. Brown also informs Miss Whitney that his brother saw Florence in a movie. This excites Miss Whitney only for a second as she proceeds to ask Mr. Brown about his brother s aspirations, as if it were more interesting. The conversation is short due to the entrance of Mrs. Carter. Mrs. Carter is introduced in the play as a white woman†¦well dressed, wearing furs and carrying a small, expensive overnight bag. (Childress. 1322) Mrs. Carter is on her way back home to New York City. Although she thinks of herself as being beyond the racist state of the south, we are immediately exposed to her racist mentality as she speaks her first word, Boy, (Childress. 1322) referring to the porter, a fifty year-old black man. As she paces back and forth in the white side of the room, Mrs. Carter begins a conversation with Miss Whitney. During the conversation we learnShow MoreRelatedEssay on Winter Olympics 2006 Marketing Plan16242 Words   |  65 PagesPiervincenzo Bondonio is Professor of Public Economics, Department of Economics and OMERO, University of Torino, Italy – piervincenzo.bondonio@unito.it. Nadia Campaniello is a Doctoral Candidate, Interuniversity Centre for the Comparative Analysis of Law and Economics, Torino, Italy – nadia.campani ello@unito.it. Olympika XV (2006), pp. 1-33 1 Bondonio Campaniello In the Piedmont, however, in two cases the figures, compared to Salt Lake City, show a reduction (although moderate)Read MoreMetz Film Language a Semiotics of the Cinema PDF100902 Words   |  316 PagesPhenomenology of the Narrative, 16 II Problems of Film Semiotics Chapter 3. Chapter 4. Chapter 5. The Cinema: Language or Language System? 31 Some Points in the Semiotics of the Cinema, 92 Problems of Denotation in the Fiction Film, 108 III Syntagmatic Analysis of the Image Track Chapter 6. Outline of the Autonomous Segments in Jacques Rozier s film Adieu Philippine, 149 Chapter 7. Syntagmatic Study of Jacques Rozier s Film Adieu Philippine, 177 vii viii CONTENTS IV The Modern Cinema: Some TheoreticalRead MoreCase Studies67624 Words   |  271 PagesCase Studies C-1 INTRODUCTION Preparing an effective case analysis C-3 CASE 1 CASE 2 CASE 3 CASE 4 CASE 5 CASE 6 CASE 7 ABB in China, 1998 C-16 Ansett Airlines and Air New Zealand: A flight to oblivion? C-31 BP–Mobil and the restructuring of the oil refining industry C-44 Compaq in crisis C-67 Gillette and the men’s wet-shaving market C-76 Incat Tasmania’s race for international success: Blue Riband strategies C-95 Kiwi Travel International Airlines Ltd C-105 CASE 8 Beefing up the beefless