Final: May 18th 8-10:30am KY170

The final for both section of accounting 102 will be:

Tuesday May 18th 8am-10am
in KY 170

for Wed 4/21

Read chapter 14 and 16 and bring in textbook chapters and powerpoint slides for these chapters.

Powerpoints slides for the rest of the semester and the h/w for chapter 13 are now posted on the gmail account.

There will be an optional retake of the partnership exam on Wed at 12:15. Students who would like/feel that they need insurance against getting less than a "c" should consider taking this optional exam.

On friday 4/23 there will be a half period exam covering chapters 7 (part dealing with bad debts), 13 (cash flows) and 14 (financial analysis)

There will be one exam after this covering 16/17/20.

No class 4/14

We will not meet (both sections of my classes) 4/14

please do the chapter 13 hw per the sylabus - we will go over it on friday

homework for april 9

*sales for july 2006 were 6 million dollars
*we expect that 3% of all credit sales will go bad
*on 10/14/2006 we learn that bob who owed us $8000 died broke


give all related j/e using

a) the direct writeoff methold
b) the % of sales/income stmt approach

_______________________________________

our are a/r and expected default %'s are as follows:
current $300,000 / 2%
1-30 days past due $50,000 /4%
31-60 days past due $10,000 /16%
61-90 days past due $5,000 /30%
>90 days past due $80,000/50%

using the aging method give the j/e at the end of this month if:

case a: ada going into this month was $50,0000
case b: ada going into this month was $500

grades on last exam go to 102in2010@gmail.com

after receiving your exam back you may go to 102in2010@gmail.com and see how did compared to your classmates