Role, Timing, and Mechanics of Accounting Essay Example | Topics and Well Written Essays - 750 words

Role, Timing, and Mechanics of Accounting - Essay Example B) The other piece of information required can be the storage of dates on the entries so that they come in handy for the proper management of records and so that the company can reflect back and learn from the decisions taken in the past C) Cats and Dogs Company Trading and Profit and Loss Account Extract for the month of March Sales Less: Expenses Interest Expenses Profit $ 20 650 $ 900 (675) 225 Cats and Dogs Company Retained Earning Statement Extract for the month of March Retained Earning Beginning Net Profit Less Dividends Retained Earnings At End $ xxx 225 (25) $ 200 Cats and Dogs Company Balance Sheet Extract for the month of March Assets Cash Short Term Liabilities Interest Payable Long Term Liability Notes Payable Owner's Equity Capital Retained Earnings $ $ 2000 6000 200 $ 15325 20 6200 8220 Cats and Dogs Company Cash Flow Statement Extract for the month of March Cash from Operating Activities Services Expenses Cash from Investing Activities Capital Cash flows from Financing Activities Notes Drawings/Dividends Net Increase in Cash $ $ 9000 (650) 2000 (25) $ 8350 6000 1975 16325 Part Two A) a. The equipment (purchased on January 1, 2003) has a useful life of 12 years with no salvage value (Straight-line method is used). Depreciation 70000 Accumulated Depreciation 70000 The cost of the asset decreases by 70000 b. Interest accrued on the bonds payable is $20,000 as of December 31, 2003. Interest Expense 20000 Interest Payable 20000 The liabilities increase by 20000 c. Unexpired insurance at December 31, 2003 is $7,000. This would increase the assets by 7000 d. The rent payment of $140,000 covered the four months from December 1, 2003 through March 31, 2004. Interest Prepaid 105000 Cash 105000 This would have no affect as one assets increase while the other asset decreases e. Salaries and wages of $28,000 were earned but unpaid at December 31, 2003. Salaries Expense 28000 Salaries Accrued 28000 The liabilities would increase by 28000 B) 1) Trading and profit and loss account 2) Balance sheet-current assets 3) Balance sheet-current liabilities 4) Balance sheet-current assets 5) Balance sheet-current assets 6) Balance sheet-Property plant and equipment 7) Balance sheet-current assets 8) Balance sheet-current assets 9) Balance sheet-current assets 10) Balance sheet-stock holder's equity 11) Trading and profit and loss account 12) Trading and profit and loss account References 1) Hagen, K. M. (2005). How To Prepare a Cash Flow Statement. Retrieved February 17, 2008, from Googo Bits: http://www.googobits.com/articles/932-how-to-prepare-a-cash-flow-statement.html 2) Preparing the Financial Statements. (2007). Retrieved February 17, 2008, from Net MBA: http://www.netmba.com/accounting/fin/process/statements/ 3) Sangster, Alan & Wood, Frank (1999), "Business Accounting 2", Eighth

The effect of drying process in Micro Brushes Case Study - 1

The effect of drying process in Micro Brushes - Case Study Example This implies that the surface tension is not strong enough to accommodate the increase in the pillar elasticity (Tresco 350). The elastic modulus of the pillars can also be altered by adding a softener to the original polymer so as to decrease the stiffness of the pillars or mixing the polymers with Si nanoparticles to increase stiffness of the pillars. The result that the number of posts per assembly is inversely proportional to the modulus. When either the diameter or the modulus increases, the observed range of assembly size decreases, showing that the range is proportional to the maximum assembly size (Decker 620). Figures a, b and c above shows the effect of the pillar modulus concerning the size and arrangement of accumulated clusters. Figure d shows the plot of the number of posts per assembly as a function of the modulus for a certain given diameter (Kang et al. 6325). Evaporation-induced self-assembly in the micro brushes is due to the competition that exists between the capillary and the Van Der Waals forces. The inter pillar adhesion is also important in determining the nature of the final assembly of the micro bristles. The assembly is normally biphasic. The second phase is very much observable when the pillar stiffness is relatively high as observed in SEM image S2G. A large assembly forms under the influence of the capillary force but as the liquid dries, it breaks into smaller clusters that are equal to the immediate precursors. Given the fact that adhesion alone balances the elastic deformation in the dry system, it is observable that adhesion is not sufficient to maintain the last storage of the assembly. The balance between the adhesion and the elasticity determines the number of hierarchical stages that will be preserved in the micro bristles in the micro brushes. The balance between the elasticity and the capillary will determine the m aximum size that the micro