### This posting addresses basic accounting principles.

First, compare two financial statements: Balance Sheet and Income Statement. Second, explain two terms: double entry accounting and contra-asset account.

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First, compare two financial statements: Balance Sheet and Income Statement. Second, explain two terms: double entry accounting and contra-asset account.

Please help with the following problem. Gainesville Surgicenter Inc. is a large, ambulatory surgery center owned by a group practice of surgeons in Gainesville, Florida. The 2006 financial statements for the firm are shown below: (***see attached excel file***) a. Assume that the company was operating at full capacity

Northern Manufacturing Company found that during the last year, it took 47 days to pay off its suppliers, while it took 63 days to collect its receivables. The companyâ??s daysâ?? sales in inventory was 49 days. What is Northernâ??s cash conversion cycle?

1. The accompanying Excel file provides you with monthly price and dividend data for CVS Caremark (Ticker symbol: CVS) from Yahoo Finance. (If you want to see where the data came from, go to Yahoo Finance. Type in the ticker, CVS. Then, click historical prices.) 2. Expand the spreadsheet and compute monthly HPRs for each of

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27. You just won the lottery! As your prize you will receive $1,200 a month for 100 months. If you can earn 8% on your money, what is this prize worth to you today? A. $87,003.69 B. $87,380.23 C. $87,962.77 D. $88,104.26 E. $90,723.76

25. The stated rate of interest is 10%. Which form of compounding will give the highest effective rate of interest? A. annual compounding B. monthly compounding C. daily compounding D. continuous compounding E. It is impossible to tell without knowing the term of the loan.

In the accompanying figure, the number of parties that Cassanova gives per month is measured on the horizontal axis, and dollars are measured on the vertical. MCp is the marginal cost of providing parties and MBp is Cassanova's marginal benefit schedule from having parties. a. Graphically, show how many parties Cassanova will h

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Details: Your managing director asks if you can participate in a seminar that the firm is doing on tax efficient financial planning. He would like you to send him, in memo form, the various types of vehicles that can be used by clients to reduce the various kinds if taxation. Prepare a memo to the managing director that expla

In 2009, Hepler Company's sales were $26 million and its total assets were $10 million. Current liabilities were $4 million and total equity was $2 million. Hepler Company's sales for 2010 are forecast to be $34 million, earnings after taxes are expected to be 5% of sales and dividends of $800,000 are expected to be paid. Assumi

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Rank the sensitivity of the following from most sensitive to an interest rate change to the least sensitive. 1. 8% coupon, non callable 20 year maturity, par bond 2. 9% coupon, currently callable 20 year maturity, premium bond 3. zero coupon, 30 year maturity bond

My uncle has ran a motorcycle shop. He has decided to computerize his records and has asked me to explain the basics of accounting to him so that he can enter his data into his accounting software. 1. Explain to him the rules of debits and credits for the balance sheet and income statement. 2. Provide examples from the manufac

Please help. Chuck, an imperfect forecaster correctly predicts 57% of all bull markets and 68% of all bear markets. Roy is a perfect forecaster. If Chuck is able to charge a fee of $125000, what is the fee that Roy should charge? (assume both of them manage similar size funds)

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