Double Entry Bookkeeping Are you setting up a new business? One of the first things you need to think about is which booking system you are going to use to record your financial transactions: double-entry bookkeeping vs. single entry or bookkeeping. Definitely, any business deals with many transactions on a regular basis, including purchases, receipts, sales, and payments. If you are not keeping a robust record of those transactions, then you will probably be losing essential financial data that can be used to maximize your business efficiency and profitability. We will break down to you the difference between single and double-entry bookkeeping. Let’s delve in! Double Entry Bookkeeping It is an accounting system that requires financial transactions to be recorded in two accounts: debits and credits. When posting a transaction, you need to enter the amount as debit to be equal to the amount added as credit. Most businesses use a double-entry bookkeeping system because it helps business owners to detect any accounting errors, preventing them from taking wrong decisions.   3 Benefits of Using Double Entry Bookkeeping   Error…

Reasons for hiked usage of cocaine The sun article in one way or the other addresses the issue of rising in the usage of cocaine in the United Kingdom. The subject of a transition from easier access by the middle class to the lower class at higher levels, as a result, revokes a series of questions on the reasons for the change. The analysis takes a look at a span of seven years. The subject brings in a newer term: crack cocaine to help in digging deep into the subject. It arrives at that cracked cocaine was originally the sniffed thou injected in today’s society. It has not been mentioned that the British government propelled the increased usage of cocaine in adopting the “2002 crack strategy.” The budget cut is a profound strategy for a growing economy as was the case for the United Kingdom in the early 19th century. Youth unemployment alongside wider social and economic gaps was hence rampant. It was thus easier to engage in illicit trade as the next best alternative form of living. The long-time…

Technology Solutions The scope of the project will involve setting up an online strategy that will include a shopping platform, inventory management, order, and payment processing.  The project will also provide integration to the physical stores through customer records management and generating reports. Technology One Wireless and mobile computing technologies offer part of the technological platforms through which the system will run. These technologies will allow users to conduct e-commerce transactions, including tracking of orders.  Other than customer data management, businesses can leverage these technologies to access trends in mobile commerce purchases such as traffic and trends. Employees and senior managers can access this data quickly and implement appropriate inventory processes. Wireless technology will allow employees to carry portable scanners and billing equipment used to process sales and track inventory accurately and efficiently. The use of mobile computing technologies in physical stores will also quicken access to information to customers. Technology Two According to Nobles, et al. (2014), big data offers businesses a tool for knowledge management that allows capture, storage, and querying of information in convenient forms that can…

The dynamics of market demand and technology Introduction Problem Statement The dynamics of market demand and technology necessitates an online presence strategy that will offer benefits to the business and customers. Creating an effective online presence strategy that will compete with technological changes often deals a challenge to businesses due to the time and the required for setup. The goal of this project is to provide a streamlined business process for e-commerce and physical stores by offering a secure and systematic system that provides online shopping platforms, stores user data, track inventory, process payments.   Two Technologies According to Nobles, et al. (2014), big data offers businesses a tool for knowledge management that allows capture, storage, and querying of information in convenient forms that can be accessed by various employees in the organization. The information can be used in the future for creating market segments and target customers based on demographics and shopping behavior. Wireless and mobile technologies offer customers and businesses ubiquitous access to information and business services. These technologies offer mobile convenience in e-commerce that allows the customer…

Managerial Accounting Cash receipts budgets for July, August, and September     July August September Total sales $ 63,400 80,600 48,600 Cash sales 20% 12,680 16,120 9,720 Credit sales 80% 50,720 64,480 38,880   A1 Manufacturing Cash Receipts Budget for July, August, and September   July August September Cash sales $12,680 16,120 9,720 Collections for accounts receivables 47,000 50,720 64,480 Net cash receipts 59,680 66,840 74,200   AI manufacturing has been utilizing budgeted cash receipts to collect dues from customers, which increase debited amounts in the SFP (Statement of Financial Position). The manufacturing corporation was recognizing cash after receiving from external sources, including clients, banks, and investors. However, some adjustments were made on sales and credit to enhance the accuracy of the budgeted figures. AI manufacturing agreed that it would collect its credit sales after a month of selling products. Besides, the managers decided that cash sales would be 20% of the gross amount, while credit sales will be 80%. The first assumption when calculating the actual budget is that model computations should be easy to understand and transparent. The…

Peer Response Hello Rachel, I agree with your perspective on the assigned readings on the discovery of America. I found the topic to be exciting as it gets to talk much about how America was founded in 1492. It also discusses some of the discoveries that were made during the period. One of the discoveries was by Christopher Columbus over his first voyage. I found it amusing to learn about his navigation, where he hoped to rule the Mongols upon his arrival. The fact that he even wished to become the ruler but got limited makes a  lot of sense as, during the days, there was a lot of competition. Due to the intensity of the competition, it was difficult for Columbus to meet his goals.  At one point, he even had no idea of the role he had played in the world until later on. I equally agree that America evolved from Amerigo Vespucci, which is one of the points that amused me in the entire reading. Growing up as a child, it was common to be told that…

Judicial Review and the Preliminary Ruling Procedure Access to justice is quite significant for every individual, and it goes beyond the right to an effective remedy throughout the entire process. It is, therefore, significant to ensure that everyone can access effective mechanisms that allow them to get justice. There are two crucial PRP (Art. 267 TFEU) and JR (Art. 263 TFEU) that help in ascertaining whether the system of judicial protection for third parties in the EU is valid or not. Some of the issues of accessibility in PRP are those in Art. 267 (TFEU) that promote a cooperative relationship between CJEU and national courts, the reference-based procedure which does not support an appeal system. This piece of writing critically evaluates whether the mechanisms for accessing justice under EU law are effective for third parties and provide recommendations for reforms or opportunities missed. Two vital articles are useful in this piece of writing. They are PRP (Art. 267 TFEU) and JR (Art. 263 TFEU). As per Article 267 (TFEU), the Court of Justice of the European shall have the power…

JM Roofing Construction JM Roofing Construction is an undisputable and reliable painting contractor in El Paso, TX. We operate with a mission of beautifying El Paso homes by applying perpetual exquisite paint coat on their surfaces. We focus our efforts on professionalism, quality and trust. Why should you hire a professional painting contractor? Interior and exterior painting projects are one of the most excellent home improvement tasks. Nearly every homeowner thinks of tackling the job on their own or hire a painter who quotes a meager price to save a few bucks. Those who try do-it-yourself painting or hire incompetent painters always end up in frustration and are often more than comfortable to leave the task to the professional painting contractors. Painting is more than just changing the color of the walls as many homeowners may take it. This is an investment and if you hire bungling painters who lack resources and experience, you’ll end up spending more money to correct their flaws. Hiring professional painting contractors is an assurance of getting quality and admirable results. Here are several reasons…

Comparison of the corrections and sentencing practices of the United States, Germany, and the Netherlands Introduction All around the world, most Judicial systems face tough questions on the importance of incarceration in criminal Justice systems. Throughout history, the correction system is always seen to be the ultimate way of tackling criminals. However, this purpose has transformed with time. Prisons have been used as an area for detaining criminal suspects, a place for the stray citizens, an institution for keeping the mentally ill and an institution for rehabilitation of citizens. The challenges and transformations that have occurred in the course of history have shaped and developed the correctional systems that we have today. Recent statistics put the United States as the country with the most significant number of prisoners per 100,000 of the national population. The figure stands at 716 prisoners per 100,000 of the national population (Bureau of Justice Statistics, 2019). When these figures are compared to European rates, the results are shocking with 79 prisoners per 100,000 of the national population in Germany and 82 prisoners per 100,000 of…

Criteria for HSci 6285 Assignment #2a     The following criteria will be considered when evaluating your Assignment #2a. The relative weight of each area is indicated to the left of the criteria.   Survey Project: Simple Survey Questions Approval (Assignment #2a) [10%] During this semester you will conduct a simple survey of members of a team. This survey is meant to tap into key aspects of team science discussed in class thus far. You will design 10 questions meant to be distributed to a small diverse team (no less than five people). Questions should be a combination of metrical and explanatory questions. What questions you ask are up to you but keep in mind that you will be providing a paper that described what you learned. HINT: read Assignment #2b before completing your questions. See the assignment rubric for a full description of the grading criteria. All papers must be presented with excellent grammar and spelling and follow the American Psychological Association (6th edition) for writing style and format. See the assignment rubric for a full description of the grading…