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University of California-San Diego
MGT
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MGT 45 | Principles of Accounting
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22
Popular Documents from University of California-San Diego
Actual Operaonal Internal Controls need process, scruny and transparency all intended to protect the company’s assets 1. Separaon of Dues 2. Quality of Employees 3. Bonded Employees 4. Required Absences 5. Procedures Manual 6. Authority and Respo
Indirect Costs Women's Men's Children's Total Store Manager Salary 3,120 $ 3,120 $ 3,120 $ 9,360 $ Store Rental 9,600 5,600 3,200 18,400 Utilities 1,200 700 400 2,300 Advertising 3,800 2,200 1,200 7,200 Supplies 900 Department $7,200 ÷ $360,000 sal
Net Present Value (NPV) • Let’s assume that EZ Rentals can purchase mulple LCD projectors for $582,742. and rent them for revenue. • The company has a desired rate of return of 12%. The investment will provide a $200,000 cash inflow at the end of the
Chapter 1 Text An Introduction to Accounting McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved. 1-36 Chapter 1 Learning Objecves 1. Explain the role of accounng in society. 2. Understanding the components of
Event 1: Cato paid $6,000 to the instructor to settle the salaries payable obligation. 1. Decrease assets (cash). 2. Decrease liabilities (salaries payable). Asset Use Transaction Operating Activity Assets = Liab. + Cash = Salaries Payable + Common S