Lillian Flloyd Economics 214-D16 March 27‚ 2013 Liberty University Bulls‚ Bear‚ and Golden Calves Chapter Two: Me‚ Myself‚ and Why 1. What is the difference between self-interest and selfishness? Why is this distinction important when considering the competitive market economy as appropriate for society? Self-interest is looking out for your best interest and finding the best possible alternatives that will benefit yourself in the business world. Selfishness is putting
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This pack of ACC 422 Week 1 Discussion Questions contains: DQ1: Which of the following is the most important for an organization to manage: cash‚ receivables‚ or inventory? Defend you answer. DQ2: How can different accounting methods affect an organization’s net income? Talk specifically about estimations of bad debt and inventory. DQ3: Why would a company choose period inventory tracking over perpetual? Which Method is best? General Questions - General General
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Final Paper 1 ACC 202 Final Paper ACC 202: Principles of Managerial Accounting February 7‚ 2015 Final Paper 2 ACC 202 Final Paper Management accounting is accounting which is used by administration of a company or organization to make decisions concerning day to day functions. Management accounting‚ also referred to as managerial accounting‚ is required for administrators to make smart decisions regarding the way the organization is performing. Managerial accounting demonstrates
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UNIVERSITY OF TORONTO Joseph L. Rotman School of Management RSM332 PROBLEM SET #2 SOLUTIONS 1. (a) Expected returns are: E[RA ] = 0.3 × 0.07 + 0.4 × 0.06 + 0.3 × (−0.08) = 0.021 = 2.1%‚ E[RB ] = 0.3 × 0.14 + 0.4 × (−0.04) + 0.3 × 0.08 = 0.05 = 5%. Variances are: 2 σA = 0.3 × (0.07)2 + 0.4 × (0.06)2 + 0.3 × (0.08)2 − (0.021)2 = 0.004389‚ 2 σB = 0.3 × (0.14)2 + 0.4 × (0.04)2 + 0.3 × (0.08)2 − (0.05)2 = 0.00594. Standard deviations are: √ 0.004389 = 6.625%‚ σA = √ 0.00594 =
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ED 300 Reflection The first standard I demonstrated was standard one. Standard one is supporting instructional opportunities. I have used my knowledge of basic writing and writing readiness. In Mrs. Hettinger’s class‚ I assisted a student on his spelling packet. The student had to write the spelling words in alphabetical order. I went through each letter of the alphabet and asked him if there were any words that started with that letter. Some of the words began with the same letter‚ so we had
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Chapter 9‚ Problem 17 Jack Hammer invests in a stock that will pay dividends of $2.00 at the end of the first year; $2.20 at the end of the second year; and $2.40 at the end of the third year. Also‚ he believes that at the end of the third year he will be able to sell the stock for $33. What is the present value of all future benefits if a discount rate of 11 percent is applied? (Round all values to two places to the right of the decimal point.) Present value of a single amount PV = FV x PVIF
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ACC 300 Final Exam / 100% correct answers http://www.homeworkmarket.com/content/acc-300-final-exam-100-correct-answers 1. Which of the following is the most appropriate and modern definition of accounting? A) The information system that identifies‚ records‚ and communicates the economic events of an organization to interested users B) A means of collecting information C) The interconnected network of subsystems necessary to operate a business
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1 1 2 3 C Motion I 7 (a) From 1 January 2009 to 10 January 2009‚ the watch runs slower than the actual time by 9 minutes. Therefore‚ when the actual time is 2:00 pm on 10 January 2009‚ the time shown on the watch should be 1:51 pm on 10 January 2009. Practice 1.1 (p. 6) D (a) Possible percentage error 10 −6 = × 100% 24 × 3600 = 1.16 × 10 % 1 (b) = 1 000 000 days 10 −6 –9 It would take 1 000 000 days to be in error by 1 s. (b) Percentage error 9 = × 100% 9 × 24 × 60 = 6.94 × 10–2%
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Committee was formed in 1973. This committee was the first international standard-setting body. In early 2001‚ this Committee was reorganized and became the the International Accounting Standards Board (IASB) to independently develop and establish a single set of accounting procedures for international business. Since the reorganization of the IASB‚ the use of these international financial reporting standards (IFRSs) have been required or permitted in over 100 countries‚ including the European Union ("What
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Week 1‚ DQ 1: How would you describe the entries to record the disposition of accounts receivables? What is their function? Since the majority of US thrive on the use of credit cards‚ the accounts receivables for a company may no longer be on a cash-to-cash basis. A company may need to sell these accounts to other companies who specialize in handling accounts receivables if they need cash more quickly or if it would be too costly to perform the necessary billing to collect on the account. The
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