Savings account

Use case diagram for the accounts receivable The diagram represents the activities performed during the maintenance of old and new accounts. It is through this process that new accounts are created, overdue ones identified, and others discarded. The process identified in the diagram also helps in identifying the amount of money that the company is set to receive from its customers from time to time (Ibrahim et al., 2011). This process is crucial since it ensures that the company does not run on…

directly to the accountant and asked her whether this is defined in the realm of accounts payable clerk responsibilities or not. I told the accountant that if this is my responsibility I would do it with great pleasure. I experienced another challenge in that business, since everyone knew that I would be there for a short period, some of them would ask me to do their assigned administrative tasks, or the accounts receivable clerk would call me to help her in their work as much as I can. After…

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…

to be reasonable is the accounts receivable balance. From 2015 to 2016 the accounts receivable balance increased by $180,000. This seems reasonable because Big Time Printing & Publishing’s net sales had also gone up. Because the company is generating more sales, there is more opportunity for customers to buy on account, thus increasing the accounts receivable balance. The second area that appears to be normal are the balances for the property plants and equipment accounts. Over the past year…

Have you ever wondered how a credit card transaction works? What is the process flow after swiping the small credit card through that little black box? These questions bothered me for some time and finding the answers lead to a diligent job search. Consequently, the search ended when I found employment at Vantiv, a Merchant Credit Card processing company in Houston, Texas. The year was 1998; the company offered me a customer service position in their call center. Eagerly I accepted the job;…

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…

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…

According to the principles of accounting course, accounts receivable occurs when a customer purchases goods or services and promises to pay for them in the future. This helps consumers receive goods when they may not have the funds to purchase them, creating an account receivable, or when they cannot afford the whole amount upfront and want to make payments they create a note receivable, which usually accrues interest. When it comes to the business side, granting credit helps increase sales,…

Financial ratios are the best way to understand and analyse the health of a company. ASOS with revenue of £1 billion in 2015 is one of the most popular online retail web sites, offering more than 80,000 branded and delivering for almost every country in the world (ASOS, 2015 pp2). In the other side, Burberry with 160 years and a revenue of £2.5 billion is one of the classic British luxury brands and keep its goals on continue the valorisation of its brand and keep as one of the strong luxury…

Five Cognate Strategies in Business Communication Clarity and clear understanding helps in making comprehension much more easier. When using clarity in a piece of writing one has to bear in mind that they need to have a simple language with easy sentence structures in their message. The receiver of the message finds it easy to decode the presented message or ideas if they are a lot more clarified. The sender of the message should make sure that, the receiver finds it easy to understand and grasp…