ADMS 2500 Study Guide - Midterm Guide: Book Value, List Of The Shield Episodes, Netflix

• School: York University
• Department: Administrative Studies
• Course: ADMS 2500
• Professor: Li Zhi Ma

Document Summary

= an identical stream of cash flows (e. g. repeating payment) made each compounding period. Don"t have to use these formulas; there are tables for them. Current asset/liability (<1 yr) = capitalize at final value. Non-current asset/liability (>1yr) = capitalize at present value. Agree to pay in 5 yrs for asset when ir are 8% compounded semi annually. Initial entry: dr asset 20267, dr discount note payable 9733, cr notes payable 30000. Aje (for every 6 months: dr interest expense 811, cr discount note payable 811. Chapter 5 merchandising & chapter 8 inventory. Beginning inventory + purchases cogs = ending inventory. Overstate ending inv = understating cogs, overstate profit, and overstating ni. Fob destination = seller pays freight and owns the goods while in transit. Fob shipping point = buyer pays freight and owns the goods while in transit. Inventory increased (dr) every time a purchase is made.