• fob destination- not on my balance sheet till i receive it 

say you don't do perepetual method and do periodical method
immediatly write BAASE
principal amount * anual interest rate*period

• sales tax is always a liability 
• pay roll and payroll taxes payable 
• the term payroll pertains to both 
• salaries - managerial, administrative, and sales personnel ( monthly or yearly rate) 
• wages - store clerks, factory employees 
• gross pay - payroll deduction - net pay 
• payroll deductions broken p into 
• insurance pensions an or union dues 
• fica  taxes 
• federal income tax 
• state and city income tax 
• charity 
• illustration : based on cargo corp's 100,000 payroll, the company would record the employers expense and liability for these payroll taxes as follows 
• payrol expense - 13850 
• fica tax expense - 7650 
• state unemployment taxes payable - 800 
• federal unemployment taxes payable - 5400 
• current maturities of long term debt 
• portion of ong term debt that comes due in the current year 
• issuring procedures 
• state laws grant corporations the power to issue bonds 
• board 
• bond trading 
• bondholders can sell their bonds on national exchanges
• bond prices are quoted 
• statement presentation 
• sale of bonds above face value (premium) 
• 
  

• stockholders hire board of directors 
• board of directors hire CEO 
• CEO hires managers 
• managers hire employees 
• comparison of the owners equity (stockholders equity)
• first get rid of t account
• a corporation does not realize a gain or suffer a loss from stock transactions with its own stockholders 
• 
  

T-Mobile v.s Sprint

T-Mobile History

• Germanys first mobile-communications, were owned by the state postal monopoly
• July 1st 1989 Germany created their first mobile phone network, consolifated telecommunications into Deutsche Bundespost Telekom.
• 1994 they enterned the US market, when the company bought out Wester Wireless corporation.
• 1996 first time used T-prefix
• Controls smaller business

• Germanys first mobile-communications, were owned by the state postal mono
• Sprint History
  • Origin from Brown Telephone Company
  • Founded 1899
  • American Wireless & Carries highest quality internet
  • Controls Smaller Companies
  
  
  Profitability
  
  
  Sprint
  As of March 31, 2016
  $1,995,000,000/$32,180,000,000= 0.062
  Profit Margin- 6.2%
  
• T-Mobile
  As of March 31, 2016
  $733,000,000/$32,053,000,000= 0.023
  Profit Margin- 2.3%
  
  
  Liquidity
  Sprint
  
  
  $6,833,000/11,963,000= 0.57
  
  
  Current Asset Ratio: 0.57:1
  
  
  
  
  
  T-Mobile
  
  
  $14,890,000/$9,528,000= 1.56
  
  
  Current Asset Ratio- 1.56:1
  
  
  Solvency
  
  
• T-Mobile
  
  
  $44,879,000/$62,436,000= 0.73
  
  
  Debt to Assets Ratio= 73.5%
• Sprint
  
  
  $59,192,000/$78,975,000= 0.75
  
  
  Debt to Assets Ratio- 75%
  
  
• 
  
• 
  
• Conclusion
  
  
      T-Mobile  is a more successful company because of its lower variable costs. Inevitably, T-mobile can pay off their debts in the long run, and they are expected to continuously bring in a preeminent revenue in the long run.