Account of profits

as an account receivable which is the right to receive cash from the customer in the future. Usually, account receivables are collected rather in a short period of time. Next is notes receivables, they represent a written promise that the customer will pay a fixed amount of principle plus interest by the maturity date. The maturity date is the by which the note is due. The written document will serve as evidence of the debt. The notes receivable usually take more time than it does with account…

Growth of Mittal Steel Edwin Romero Ashford University BUS616 International Business Dr. Johnny Vanneste November 10, 2014 Abstract In today’s world for a company to be able to grow and compete on a level higher than its competitor’s it must eventually seek to move outward into new markets. This growth will not only assist the company in its need for expansion but it can also be beneficial to the local communities the organization moves into by providing jobs and other economical…

complete their duties and perform their jobs successfully. In the case of the Accounts Receivable job at Atlas, there are several components of knowledge, skills, and abilities that will facilitate successful performance on this job. To be successful in the Accounts Receivable job at Atlas, it is necessary to have knowledge of financial accounting, and knowledge of what Atlas’ mission and goals as a company. Accounts Receivable is an aspect of financial accounting which is basically money…

Principle 1: Money has a time value The hypothesis behind money has a time value is the value of money today is more valuable than the same amount in the future due to its potential earning capacity (Titman, Kewon & Martin, 2014, p. 127). If you have a dollar in your wallet today, that dollar will be worth less in a year’s time if the dollar remains in your wallet. Inflation has an effect on the time value as it increases the price of goods and services over time, decreasing the amount of…

large as would be expected because Under Armour’s accounts receivable and inventory accounts both went up to balance out the drop in cash. Accounts Receivable Collection Period Under Armour’s accounts receivable collection period has been fairly good keeping under or around the ideal 30 day collection period but it has also been above the industry and sector standards. There was a small spike up in the last year due to a large increase in accounts receivable since 2014. Inventory…

Its organizational structure is unique because the majority of employees are brokers. In essence, brokers are their own bosses. Therefore the formal organization only has two main purposes: providing formal titles and dividing commission percentages. Besides these, Cresa’s organization structure is useless. The brokers manage themselves and all work together, forming a very flat organization. The operational side of the structure is slightly formal and vertical in regards to power and authority.…

year their total assets grow at least 30% and their current assets isn’t falling behind growing from year to year at an average growth rate of 34%. Most of this growth is pertained to Netflix’s “current content assets, net” account and its “non-current content assets, net” account. These…

that possible? SAP has an immense database filled with customer names, vendor names, addresses, account numbers of the customers, general ledger accounts, purchase orders, list of inventories, and more. Graciously, I have learned to do provide outstanding services using SAP. SAP is driven by using transaction codes, also known as, T-codes. For example, in accounting we deal with general ledgers, accounts receivables and payables, banks, and fixed assets. To post a journal entry you must…

Texas A&M-Commerce M.S. Accounting Comprehensive Exam Matthew Naab CWID: 50112666 October 2, 2014 1.) #1 – Advanced Management Accounting If three businesses show cash increases of $15 million on their balance sheets, they will likely have very different financial positions depending on the source or destination of cash during the period. One should ask generates that cash flow. The flow of cash is a strong indicator of the health of a business. To identify and understand these sources of…

The bank account that they had that have been stated above were at institutions that have been acquired through other institutions and they were allowed an investment opportunity to purchase Company stock at a reduced rate that would allow them to sell the stock right after purchasing it and make a profit. However, the checks that were used to transfer the funds were dishonored therefore they were not able…