Current account

1) Current organizational structure Wesfarmers Limited is listed company indulged in retail, chemical, fertilizer, coal mining as well as industrial safety products. The company is the largest company by revenues size in Australia. The company has been majorly present in retail store however it has recently started to shift to e-commerce. The organizational structure of the company is of two types. One for the division in the organization and other is one for the human resources of the…

The consciousness that finally all of the accounting material stored in my brain has a meaningful purpose, other than to pass my required classes is exhilarating. Being able to convert theoretical skills into practical skills is beyond astonishing for me. An on growing locally owned business gave me the opportunity to finally work hands on with a job related to my accounting degree. Participating under the supervision of Elizabeth Rubio, who counts with a master’s degree in accounting, was a…

furniture for $1,900, on account. 6 Sells a house and lot for B. Kidman; bills B. Kidman $3,200 for realty services provided. 27 Pays $700 on the balance related to the transaction of October 3. 30 Pays the administrative assistant $2,500 in salary for October. Instructions Complete the debit-credit analysis for each transaction. (If no transaction is required, select NA.) (a) Effect on Accounting Equation (b) Debit-Credit Analysis Oct. 1 The Asset account Cash is…

permanent magnetic field. The induced field created in the copper coil opposes the permanent one (according to Lenz's Law). These two opposing magnetic fields create the force that resists the rotation of the coils. When the light bulb is taken out no current can flow through the coil (Faraday's Law) so no opposing magnetic field is created. Hot Plate Why didn’t the power you calculated match the power stated on the hot plate?…

In 2015, it added to be 18.4 billion, though this is more than a billion less than it had been the previous year. They have seen noticeable jumps in their accounts payable, along with long term debt. The most recent accounts payable totaled 506 million, nearly 3 million more than it had been in 2012. The long term debt took a steeper incline though, raising to more than 12 billion. In 2011, this number had only been 7.34 billion, and the…

Based on my analysis of dell’s finances and competitors, we have declined in revenue by about 6% year-over-year to 14 billion in the company’s quarter ending in July of 2014. Securities and exchange commission by Dell holding Inc. that owns Dell is the way we found out about this new. Dell’s revenues was up however in the company’s fiscal year ending in January 2015, the revenue went up about 5%. That actually sets them apart from its huge competitors like IBM Corp. and Hewlett-Packard Co. We…

The modern world would be nothing like it is today without Tesla’s insights. He revolutionized the scientific community and the world’s knowledge of electric current, but there were plenty of other interesting facets of his life and career. He was much more than an engineer, and unfortunately, many of his peers underestimated him on account of his quirkiness and battle with mental illness. Tesla was born in Croatia in 1856. Even the day of his birth foreshadowed the greatness that would result…

To begin, I will first define the difference between “net” pay and “gross” pay. When an employer hands you a check you are receiving “net” payment. What this means is that all withholding have been subtracted from your “gross” pay or what you actually earned. These withholdings include: federal and state income taxes, FICA, Medicare, and, in many cases, health insurance or retirement savings. What the employer does with these withholdings after collecting them from every employee is send the…

the service sector with 7.9% of the population being employed through a job involving tourism, which contributes to 5.6% of the total GVA(Tourism Research Australia,pg. iV). While that percentage seems rather small when other factors are taken into account it helps out Australia’s economy. On the other hand, there are quite a few people involved in the industry sector. In recent years the industry sector has seen an increase in the mining and construction areas of industry, but a decrease in the…

Debits always balanced credits prior to closing, and after books were closed, assets were in balance with the total of liabilities and equity accounts. The aging receivables balance was in balance with each individual customer balances. But, the auditor could have used different other techniques to detect a possible fraud. Had he chosen to follow the active approach he would have seen many red flags. Since auditor was familiar with the company and understood how business was run, he could…