CHAPTER 13 – CURRENT LIABILITIES AND CONTINGENCIES I. Liabilities A. Three Characteristics 1. Probable‚ future sacrifices of economic benefits 2. That arise from present obligations 3. Resulting from past transactions B. Current Liabilities 1. Payable within 1 year 2. Reported at maturity value C. Types of Current Liabilities 1. Accounts Payable a. Buy merchandise on account
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The movie Apollo 13 stared‚ Tom Hanks (Jim Lovell) Bill Paxton (Fred Haise)‚ Gary Sinise (Ken Mattingly) and Kevin Bacon (Jack Sivigert) . The movie was directed by Ron Howard and is based on the book “Lost Moon” by Jim Lovell and Jeffrey Kluger. This was America third trip to the moon and Apollo 13 mission was to land in the Fra Mauro area of the moon. Two day before launch Mattingly was scrubbed from the mission after being exposed to measles. He was replaced by Jack Swigert (kevin Bacon)
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Strategic Decision Making and Leadership Principles in the Movie “Thirteen Days” Introduction The movie presents a situation where decisions (with long term consequences) need to be made. A successful outcome will not only result in a positive outcome for an organisation but will also increase the leader’s credibility and image. A negative outcome will have terrible consequences. Context of decision-making as strategic decision-making in business From a business perspective there are two
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Strategic Decision Making [Type the document subtitle] [Pick the date] Table of Contents Strategic Decision Making If we think of organizations and their surrounding environments as political systems‚ the phrase ‘strategic decision making’ assumes a completely different meaning. Organizations and their surrounding environments depend on each other in several ways‚ benefit from each other and are either positively or negatively impacted
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Solutions to Lecture Activities ACCT 1046 Introductory Accounting Semester 1‚ 2010 Lecture 1 Unit 1 – Business Decision Making and Accounting Lecture Activity 1 1. The accounting information system comprises four main procedures: analysis‚ recording‚ reporting and identification. The order in which they occur is: a) Reporting‚ analysis‚ recording‚ identification b) Identification‚ analysis‚ recording‚ reporting c) Analysis‚ identification‚ recording‚ reporting d) Identification‚ recording
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Chapter 13 You Decide Exercise Write out your answers and submit them using the Dropbox in a RTF or Word Doc format. Presidential Power and Iraq This exercise relates to the Policy Debate in Chapter 13 dealing with Iraq and Presidential Power. The goal of this exercise is to give you a better understanding of recent Supreme Court rulings on the limits of Presidential power during wartime and the importance of Separation of Powers and Checks and Balances. The Constitution (as interpreted by the
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morally wrong to force a student to be something they don’t want to be. He also says it is wrong to give medication to a student with ADD and similar disorders because it inhibits their natural tendency to be creative and hands-on with their work. 7) The irony in the situation is that Crawford is an executive director for a policy organizing company‚ yet he is forced to follow policies he does not agree with. This experience led him to believe that work should be something you can truly attest to
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1969 and now is the world’s largest and most successful grocery retailer which was selected as world’s largest company in 2007‚ by Fortune 500. It has 8‚970 stores in 15 countries and total revenue of $421‚849 billion (2010). Wal-Mart’s main business strategy is ‘EDLP-Every Day Low Price’ which is the key-point of their success. To accomplish this strategy‚ they mainly focused on efficiency of distribution structure. They used ‘Cross-docking system’‚ ‘POS’ system‚ ‘QR-Quick Response’ System
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Chapter 13 Relevant Costs for Decision Making Solutions to Questions 13-1 A relevant cost is a cost that differs in total between the alternatives in a decision. 13-2 An incremental cost (or benefit) is the change in cost (or benefit) that will result from some proposed action. An opportunity cost is the benefit that is lost or sacrificed when rejecting some course of action. A sunk cost is a cost that has already been incurred and that cannot be changed by any future decision. 13-3 No. Variable
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Accounts Receivable Cycle Riordan Manufacturing‚ an industry leader in the field of plastic injection molding‚ has facilities in California‚ Georgia‚ Michigan and China. The accounting functions are carried out in each individual location‚ and consolidated for processing in the corporate offices in California. The Georgia and Michigan locations‚ being newly acquired‚ are using systems that are not completely compatible with the corporate offices. This is causing problems on many levels and within
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