How has the business owner determined the book value of the business’s short-term and long-term assets?

[meteor_slideshow slideshow=”adssa” metadata=”height: 126, width: 630″]

PayPal Acceptance Mark


Order Details
Question 1: How has the business owner determined the book value of the business’s short-term and long-term assets?
Business Owner/Manager’s Answer 1:
Business Owner/Manager’s answers converted to text-book language:
Recommendation/Explanation:
Question 2: When and how do you categorize revenues for your business?
Business Owner/Manager’s Answer 2:
Business Owner/Manager’s answers converted to text-book language:
Recommendation/Explanation:
Question 3: How do you calculate your Gross Margins? How do you establish cost parameters for the products or services being offered to customers?
Business Owner/Manager’s Answer 3:
Business Owner/Manager’s answers converted to text-book language:
Recommendation/Explanation:
Question 4: How do you calculate the Equity for the business? Do you track the Equity monthly, quarterly, semi-annually or annually?
Business Owner/Manager’s Answer 4:
Business Owner/Manager’s answers converted to text-book language:
Recommendation/Explanation:
Question 5: Who insures the books and records are kept up-to-date and balanced? Who reconciles the businesses bank statements? Is the bank statement reconciled to the books?
Business Owner/Manager’s Answer 5:
Business Owner/Manager’s answers converted to text-book language:
Recommendation/Explanation:
Question 6: Who is responsible for entering the daily business transactions? Who audits the work being completed by this person? How often are the books often audited to insure accuracy and honesty?
Business Owner/Manager’s Answer 6:
Business Owner/Manager’s answers converted to text-book language:
Recommendation/Explanation:
Question 7: (Student Assignment)
Business Owner/Manager’s Answer 7:
Business Owner/Manager’s answered converted to text-book language:
Recommendation/Explanation:
Chapter 3 – Fraud, Ethics, and Controls
Chapter Summary: (Student Assignment)
[meteor_slideshow slideshow=”best” metadata=”height: 126, width: 630″]

PayPal Acceptance Mark