ACCT 504 Devry Course Tutorial (devrycart.com)
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ACCT504 Week 7 Course Project JCP Kohls

ACCT504 Week 7 Course Project JCP Kohls | ACCT 504 Devry Course Tutorial (devrycart.com) | Scoop.it
ACCT-504 Week 7 Course Project JCP Kohls
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ACCT-504 Week 7 Course Project JCP Kohls

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ACCT 504 Final Exam (3 different finals)

ACCT 504 Final Exam (3 different finals) | ACCT 504 Devry Course Tutorial (devrycart.com) | Scoop.it
Goforit carries significant electronics inventory in a competitive environment where prices are actually falling.
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1. (TCO A) Which one of the following is an advantage of corporations relative to partnerships and sole proprietorships? (Points : 5)


Reduced legal liability for investors
Harder to transfer ownership
Lower taxes
Most common form of organization

2. (TCO A) When a corporation distributes a dividend, _____. (Points : 5)


the most common form of distribution is a cash dividend
the Dividends account will be increased with a credit
the Retained Earnings account will be directly increased with a debit

the Dividends account will be decreased with a debit

3. (TCOs A, B) Below is a partial list of account balances for Cerner Company:

Cash $5,000
Prepaid insurance 500
Accounts receivable 2,500
Accounts payable 2,000
Notes payable 3,000
Common stock 1,000
Dividends 500
Revenues 15,000
Expenses 12,500

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ACCT 504 Week 6 Case Study 3 Cash Budgeting LBJ Company

ACCT 504 Week 6 Case Study 3 Cash Budgeting LBJ Company | ACCT 504 Devry Course Tutorial (devrycart.com) | Scoop.it
What are the five basic principles of cash management that a company can follow in order to improve its chances of having adequate cash?
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The cash budget was covered during Week 4 when we covered TCO D and you read Chapter 7. There is also a practice case study to work on.

Your Professor will provide the solution to the practice case study at the end of Week 5. This case study should be uploaded by 11:59PM Mountain time of the Sunday ending Week 6 to the Week 6 Assignment Dropbox. You are encouraged to use the Excel template file provided in Doc Sharing.

The LBJ Company has budgeted sales revenues as follows:

April May June

Credit sales $94,000 $89,500 $75,000

Cash sales 48,000 75,000 57,000

Total sales $142,000 $164,500 $132,000

Past experience indicates that 30% of the credit sales will be collected in the month of sale and the remaining 70% will be collected in the following month.

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ACCT 504 Entire Course

ACCT 504 Entire Course | ACCT 504 Devry Course Tutorial (devrycart.com) | Scoop.it
ACCT 504 Week 1-7 All Discussion Questions,ACCT 504 Week 3 Case Study 1 Flower Landscaping Corporation
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ACCT 504 Week 1-7 All Discussion Questions

ACCT 504 Week 3 Case Study 1 Flower Landscaping Corporation

ACCT 504 Week 4 Midterm Exam Set 1

ACCT 504 Week 4 Midterm Set 2

ACCT 504 Week 4 Midterm Set 3

ACCT 504 Week 5 Case Study 2 Internal Control - LJB Company

ACCT 504 Week 5 Course Project Draft Spreadsheet

ACCT 504 Week 6 Case Study 3 - Cash Budgeting - LBJ Company

ACCT 504 Week 7 Course Project JCP Kohls

ACCT 504 Final Exam 

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