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Accounting Principles Third Canadian Edition Chapter 8 Answers – Football Official Who Makes The Absolute Worst Calls Crossword

BYP 8-4 COMMUNICATION ACTIVITY Memorandum To: Management. Elaine Davidson Explanation Ref. 960, 000 4, 160, 000 4, 110, 000 1, 110, 000 1, 020, 000 1, 038, 000 1, 020, 000. Credit Balance 200, 000 1, 000, 000 723, 000 277, 000 21, 750 255, 250 258, 550 3, 300 255, 250. Accounting principles third canadian edition chapter 8 answers to worksheet. Both can be sold to another party. Each of the major types of receivables should be identified in the balance sheet or in the notes to the financial statements. 72, 500 (e) 45, 500 79, 600.

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PROBLEM 8-9A (Continued) (d) OUELLETTE CO. Balance Sheet (partial) July 31, 2008 Assets Current assets Notes receivable......................................................... Accounts receivable................................................... Credit card receivables.............................................. Interest receivable...................................................... Total current assets............................................... $25, 000 4, 854 14, 115 481 $44, 450. 6, 000 x 6% x 1/12 = $ 30 $10, 000 x 5. BYP 8-2 (Continued) (b) The gross accounts receivable has increased significantly (125%) over the 2-year period. 44, 000 [($800, 000 x 6%) - $4, 000]. Suncor's current ratio has improved from 0. 5% x 7/12 = $700 $40, 000 x 8. Explanation Sales Return Sales. Visa card: July 11. Credit Card Expense [$200 x 3%]...... Cash [$200 - $6].................................. Bad Debts Expense............................................ 22, 870 Allowance for Doubtful Accounts................ [($255, 250 x 8%) + $2, 450]. BRIEF EXERCISE 8-15 Receivables turnover $6, 462, 581 ÷ [($247, 014 + 292, 462) ÷ 2] = 23. 75% x 1/12 = 27 $9, 000 x 5% x 0/12 = 0 $424. PROBLEM 8-10B (Continued) (b) 2008 Receivables turnover: $6, 087. Bad debts expense............................. Accounting principles third canadian edition chapter 8 answers.yahoo.com. 10, 743 Allowance for Doubtful Accounts [($546, 300 - $9, 170) x 2%].............. 10, 743. The stakeholders in this situation are: The president of Proust Company The controller of Proust Company The company's bank Any other parties who rely upon the company's financial statements.

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From Chapter 6 Operating Cycle. Debit Opening Balance Sales Returns Collections Interest Sales Recovery Collection (recovery) Collections Write-offs Interest. July 1 Accounts Receivable......................... Accounting principles third canadian edition chapter 8 answers pdf. Interest Revenue [9, 000 x 7% x 3/12]. BYP 8-2 INTERPRETING FINANCIAL STATEMENTS (a) ($ in thousands). Given in the problem Average collection period: Norlandia's receivables turnover ratio was a little higher in 2008, which means that Norlandia was more efficient in 2008 in turning receivables into cash. Tocksfor's receivables turnover ratio was a little lower in 2008, which means that Tocksfor was taking a little longer in 2008 in turning receivables into cash.

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Average collection period. For example, increased receivables will result in a higher current asset position, and higher current ratio. Amount $120, 000 32, 000 45, 000 78, 000 $275, 000. The two approaches of estimating uncollectibles under the allowance method are (1) percentage of sales (income statement approach) and (2) percentage of receivables (balance sheet approach).

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Estimated Uncollectible $ 4, 800 3, 420 4, 560 6, 000 $18, 780. An account receivable is usually due in a short period of time (e. g. 30 days) while a note receivable can extend for longer period of time (e. 30 days to many years). 6 days, an increase of three days. 25% x 1/12 = MGH $10, 200 x 6% x 1/12 = Total. Record accounts receivable and bad debts transactions. Establishing an allowance for doubtful accounts satisfies the matching principle because when the year end adjusting journal entry is prepared bad debts expense is increased and the allowance for doubtful accounts is also increased. Prepare aging schedule and record bad debts. Also, no interest would be accrued for October.

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6 = 48 days 50 + 48 = 98 days. BYP 8-3 COLLABORATIVE LEARNING ACTIVITY All of the material supplementing the collaborative learning activity, including a suggested solution, can be found in the Collaborative Learning section of the Instructor Resources site accompanying this textbook. 7 days and the increase in the turnover from 9. Recommended textbook solutions. Sales Discounts [($6, 500-$500) x 2%]........................... Accounts Receivable—Pumphill.. 5, 880. 892, 500 646, 900 1, 539, 400 10, 900 1, 528, 500 696, 250 832, 250 13, 860 846, 110 763, 600 4, 450. Average collection period has increased from 17. Sales...................................... 30 Accounts Receivable [$1, 000 - $38]............................. Credit Card Expense [$1, 000 x 3. PROBLEM 8-8B Jan. 2 Accounts Receivable —Brooks Company............................ B) $50, 000 [($2, 000, 000 x 2.

Allowance for Doubtful Accounts..... 46, 480 Accounts Receivable..................... 46, 480. The matching principle requires expenses to be recorded in the same period as the sales they helped generate. DR 1, 000 10, 000 9, 000 1, 850 1, 850. Thus, net realizable value does not change. B) $37, 125 [($1, 650, 000 x 2. 2008 May 11 Allowance for Doubtful Accounts..... Accounts Receivable–Worthy....... 10, 000. Both are valued at their net realizable value. 1 Less: Allowance for doubtful accounts.... 47.

Already solved *Football official who makes the absolute worst calls? In 1979, a federal judge had ordered the merger of the city's two largely segregated high schools into one. I think that if you removed some of the financial incentives for the bad behavior, you might see some change. More than 80 percent of them come from families with incomes low enough to qualify them for free or reduced-price school lunches. Football official who makes the absolute worst calls crosswords eclipsecrossword. Her mother's alma mater, the University of Alabama, expects a 21, the national average. The details of the Jim Crow era—how the words white supremacy were written on Alabama's Democratic Party ballot, or how even which line you stood in at the liquor store depended on your race—remained vivid for the former judge.

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This commit does not belong to any branch on this repository, and may belong to a fork outside of the repository. The promise was that students of all colors would be educated side by side, and would advance together into a more integrated, equitable American society. England knew this arrangement meant consigning hundreds of black students to segregated schools. Football official who makes the absolute worst calls crossword clue. Certainly what happened in Tuscaloosa was no accident.

A negotiated agreement, supported by the Legal Defense Fund and the Justice Department, to end Tuscaloosa's federal desegregation order was brought before Judge Blackburn in 1998. The whole notion that the athletes are there to get a meaningful education, for the most part, is a joke. More caravan than parade, Central's homecoming pageant consisted of a wobbly group of about 30 band members, some marching children from the nearby elementary schools, and a dozen or so cars with handwritten signs attached to their sides. The judge, a university trustee, was in a foul mood. College football is a moneymaking sham - Vox. Yes, these players are often put on a pedestal and granted perks and privileges that other students are not. They were significantly less likely to spend time in jail. After comprehensively examining attendance zones across the country, Meredith Richards at the University of Pennsylvania's Institute of Education Sciences found in a recent study that they are nearly as irregular as legislative districts. McDonald Hughes, Druid's tall, stern principal, instilled a sense of discipline and of possibility in his students. "All my friends were talking about college and wanting to do better, " she told me. In an interview early this year, Johnnie Aycock, who at the time headed the Chamber of Commerce of West Alabama, suggested the schools had scared Saturn away. They made more money: five years of integrated schooling increased the earnings of black adults by 15 percent.

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Many white parents had decided to send their children to nearly all-white private schools or to move across the city line to access the heavily white Tuscaloosa County Schools. England denied that any such deal had been made, and Blackburn gave the nod to the new school. The Brooklyn-born brothers Arthur, Mortimer, and Raymond Sackler, all physicians, donated lavishly during their lifetimes to an astounding range of institutions, many of which today bear the family name: the Sackler Gallery, in Washington; the Sackler Museum, at Harvard; the Sackler Center for Arts Education, at the Guggenheim; the Sackler Wing at the Louvre; and Sackler institutes and facilities at Columbia, Oxford, and a dozen other universities. When the superintendent began pressing to end the district's elementary-school busing program, Jefferson County's business leaders met with residents but came to a very different conclusion from the one reached in Tuscaloosa. But it was advertising. " Since 1999, two hundred thousand Americans have died from overdoses related to OxyContin and other prescription opioids. The low test scores that have plagued the school don't stem from "a child problem, " he told me. Some adopted plans for "neighborhood schools, " with attendance zones carefully drawn around racially distinct parts of town. Other studies have found that attending integrated schools made white students more likely to later live in integrated neighborhoods and send their own children to racially diverse schools. The Family That Built an Empire of Pain. School leaders publicly pledged to continue desegregation efforts, and Superintendent Bob Winter said that no new schools, which might lead to less integration, were planned.

Indeed, in some ways all-black schools today are worse than Druid High was back in the 1950s, when poor black students mixed with affluent and middle-class ones, and when many of the most talented black residents of Tuscaloosa taught there. "Their name has been pushed forward as the epitome of good works and of the fruits of the capitalist system. When D'Leisha graduates this spring, she will have spent her entire public education in segregated schools. Many districts nonetheless continue to embrace the type of gerrymandering at play in Tuscaloosa. There was no accountability, either at the university level or among local law enforcement. She glanced at D'Leisha. Kentucky's Jefferson County Public Schools, serving Louisville, are often held up as an example. Football official who makes the absolute worst calls crossword puzzle crosswords. Jones didn't waste time setting the boisterous class to task. D'Leisha raised her hand, her brow furrowed.

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So in selling new drugs he devised campaigns that appealed directly to clinicians, placing splashy ads in medical journals and distributing literature to doctors' offices. The justices noted that education was "perhaps the most important function of state and local governments" and that the integration of schools was essential to the integration of black citizens into society as a whole. He ultimately decided that Tuscaloosa's efforts, centered on the creation of neighborhood-based schools, were sufficient, because he believed the school segregation that remained resulted from housing patterns. Our full conversation, lightly edited for clarity, follows. While most of these schools are in the Northeast and Midwest, some 12 percent of black students in the South now attend such schools—a figure likely to rise as court oversight continues to wane. Football official who makes the absolute worst calls? crossword clue. The case landed on the docket of Judge Frank McFadden, a Yale Law–educated former Wall Street attorney born in Oxford, Mississippi. College football fans, university administrators, and especially players are obliged to affirm the collective delusion that this is about sportsmanship and school — and not about money. "You would have sunk the first slave ship, cut that all out, and not brought them in here, " he said, his honeyed Oxford drawl softening the bite in his words.

When you have that much money and that much invested in it, and you have universities who've basically pegged their reputations and their marketing around their sports programs, I guess you'd call it another example of too big to fail. There's the fallacy that these are all amateurs, and so they're not professionals and therefore not eligible to be paid. The Justice Department and the Legal Defense Fund were asserting that "if there was a racial imbalance in the student body, then that in and of itself established segregation, and some remedy had to happen. Sackler recently told W that she finds the word "philanthropy" old-fashioned. In 1942, Arthur helped pay his medical-school tuition by taking a copywriting job at William Douglas McAdams, a small ad agency that specialized in the medical field. As white families had moved out to the suburbs, eroding the tax base, both the schools and the cities themselves had suffered. The consequences of this are terrible, and we can see it everywhere. Two years after the Brown ruling, not a single black child attended school with white children in eight of the 11 former Confederate states, including Alabama. The space, which opened in 1978 and is known as the Sackler Wing, is also itself a monument, to one of America's great philanthropic dynasties.

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Many addicts, finding prescription painkillers too expensive or too difficult to obtain, have turned to heroin. Her track team took the state title twice, and she was named Alabama's top female high-school track performer in 1987. But he saw few options and had also grown nostalgic about his own years in Jim Crow schools. I don't see anything good about a situation in which athletes are held in higher regard than any other student on campus. Even when you do have a rare case of the university bowing to hard fiscal realities, it doesn't last. It's been on my mind a lot. "
By 2007, white enrollment had fallen to 22 percent, and school leaders once again insisted something had to be done. She eventually broke free from a tangle of girls to enter Tyrone Jones's Advanced Placement English class and take her seat at the front. The parade started in the former state capital's lively downtown and seemed to go on for miles. I think you could look at that and argue the opposite. As one of the biggest schools in the state, Central would offer classes in subjects ranging from Latin to forensics. But this isn't just a Florida State problem. A recent audit of Central had found that 80 percent of students were not on the college track. A New York Times reporter covering civil rights in the 1950s described Tuscaloosa as a "clean, prosperous city that has long been proud of its good race relations. So England and a handful of others made a Faustian bargain. "He'd grab you by the shoulders, " Dent recalled with a laugh. His retelling of the events leading up to the dismissal revealed none of the optimism he'd displayed on the stand all those years ago, but rather a steely pragmatism and no small measure of disillusionment. It doesn't happen, but these things and more happen when you're talking about elite athletes.

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One of the things that struck me as I started looking at it as an investigative reporter was the mind-boggling financial stakes involved. Its sole active ingredient is oxycodone, a chemical cousin of heroin which is up to twice as powerful as morphine. To get back to Florida State University for a second, the mission statement for that school says nothing about athletics, not one word. Their football coach is the highest-paid public employee in the state of Florida, making $5 million a year. "Dr. Sackler considered himself and was considered to be the patriarch of the Sackler family, " a lawyer representing Arthur Sackler's children once observed. Journalism awards stretch wall to wall in Northridge's newspaper classroom, but for the better part of a decade, Central students didn't have a school newspaper or a yearbook. When President George W. Bush came into office, approximately 595 school districts nationwide—including dozens of non-southern districts—remained under court-ordered desegregation, according to a ProPublica analysis of data compiled by Stanford University researchers. In the early 1990s, an increasingly conservative Supreme Court had issued several crucial rulings that made it much easier for school systems to get out from under court supervision. One troubling truth is that, as witnessed in Tuscaloosa, backing away from integration doesn't typically arrest or reverse the outflow of white students from diverse school districts. The Court ruled that desegregation orders were never meant to be permanent, but rather were a "temporary measure to remedy past discrimination, " and that school decisions should return to local control once a district had shown a "good faith" effort to eliminate segregation. Advertising has always entailed some degree of persuasive license, and Arthur's techniques were sometimes blatantly deceptive. The Supreme Court had been right in striking down legal segregation, McFadden said.

Many officials in Tuscaloosa obsessed about the rippling consequences of continued white flight. When the city founded its public-school system in 1885, it opened both white and black schools. In recent years, a new term, apartheid schools—meaning schools whose white population is 1 percent or less, schools like Central—has entered the scholarly lexicon. The university president had his car attacked by fans leaving a board meeting one day. I n an interview last fall in his chambers at the Tuscaloosa County Courthouse, Judge England said on the record for the first time that he had privately agreed to support the Rock Quarry school during the trial—which would ultimately lead to the district's release from federal oversight—only with the assurance of investment in West End schools, though he denied having made a quid pro quo deal. He raised his age-speckled hands, palms up. Did the university cover it up? And when this was finally brought to the attention of the University athletic department, there was a similar lack of follow-up. But by the mid-1990s, they made up less than a third. Why do we want to instill a false sense of entitlement in these young men? "It ain't going to get no better. " "I really do believe all of you can make those scores, " he said. One black member joined the board's four white ones in voting in favor.
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