Current account

ORIGIN OF LOSS: Insured has presented a mold report from KATHRYN L. PASCALE, INC. 1302 SW 1st AVENUE FORT LAUDERDALE, FL 33315 Office: (954) 524-3910. The mold report was attached to the loss notice so I have not attached to this report. The mold report states there is mold in a wall under window in common area. It also states there is mold under sink and cabinet should be removed to determine extent of damages. The report also found mold in AC closet and recommended it be removed by…

Marketing analysis: Haefren Baum is a high class home furniture retailer. The company carries Wiegandt’s furniture, a well known recognized name brand for its high quality. Haefren Baum has been retailing home furnishing from one location in downtown Cologne and expanded their business recently nearby Rhineland suburban areas with three additional outlet stores. Due to the economic recessions, sales of furniture slowed down, so Haefren Baum decided to decrease prices in order to main sales…

Foote ACCT 302 SAP writing assignment May 1, 2017 Account payable records accounting data in a firm for all the vendors. It is a necessary portion of the purchasing system. All the deliveries and invoice information are provided and managed based on the vendor’s data. The recording process automatically occurs when operative transactions happened such as the cost of goods sold transactions. In general, SAP uses electronic documents into the account payable process for faster and reduce…

Chapter 10 LO 10-3 12. What are the penalties for not making timely payroll deposits? After reading I came to the realization that "If payroll taxes are not paid on a timely basis, the employer is subject to penalty. The penalty is based on the amount not properly or timely deposited. The penalties are as follows: 2% for deposits made 1 to 5 days late. 5% for deposits made 6 to 15 days late. 10% for deposits made 16 or more days late. 10% if electronic deposit is required but not used. 10% if…

keep a strong cash flow. These benefits include a simpler application process, a much higher approval rating then bank loans, competitive rates, and faster funding overall. Invoice factoring, for those who are unfamiliar with the term, is a type of accounts receivable financing that allows you to sell outstanding invoices due within 90 days to a third-party factoring company for immediate cash for your small business. The factoring company will then typically grant you an advance of roughly 80…

income for the year is around $200,000, and they have a depreciation expense of $10,000, a decrease in accounts receivable of $3,000, an increase of inventory of $30,000, and an increase in accounts payable of $15,000. This would leave them with net cash provided by operating activities of $198,000. Because GAP has increased their inventory by $30,000 but has only received $3,000 from accounts receivable, they are not recouping the cash spent on their inventory. Now if GAP re-implemented the old…

form is given to them to fill out to apply for credit. However for large companies, such as Trust Power, they are referred to a manager. For example, a manager would be allocated to communicate with Mount Maunganui College, as they have an existing account balance of $12,000. Whereas, United Ltd is a new customer, with a balance of $230. Therefore they communicate with a normal salesperson. By allocating these managers to negotiate directly with these large companies, Office Products Depot is…

The types of reports that need to be generated are consumer list (information in regards to consumer profile, such as name, address, and contact information), customer request of product or service, agreement of sale or service, financial records (accounts payable and receivable, order entry, procurement, sales and purchasing history, invoicing and shipping, payroll), and list or record of products and its…

benefits of using SAGE 50 accounting system for SME 's? SAGE 50 is an easy to use accounting software that is most beneficial to small and medium enterprises. It supports businesses through growth and expansion and enables them to run the company 's accounts and payroll efficiently. SAGE 50 speeds up procedures in a business by simplifying accounting tasks and routines of an accountant, therefore controlling finances, customers and suppliers, foreign exchanges and VAT becomes much easier and…

Logos, or logic, involves looking for arguments that make sense in a piece. Amy Tan’s essay is very logical. It makes complete sense, and is simple to understand. Being that it is a narrative, she uses examples to back up her statements about English. She tells the stories of her mother dealing with the stockbroker and the hospital as means to make her point clearer. Ethos looks at the author’s credibility. Tan is a well-known writer, and does a lot of public speaking. We can trust her…