that coordinate them. 4. Microeconomics: The study of the choices that individuals and businesses make and the way these choices interact and are influenced by governments. 5. Macroeconomics: The study of the aggregate (or total) effects on the national economy and the global economy of the choices that individuals‚ businesses‚ and governments make. 6. Goods and services are the objects (goods) and actions (services) that people value and produce to satisfy human wants. 7. What goods and services
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Chapter 2 Cost Terms‚ Concepts‚ and Classifications Exercise 2-2 (15 minutes) 1. 2. 3. 4. 5. 6. 7. 8. 9. 10 . 11 . 12 . 13 . 14 . 15 . Depreciation on salespersons’ cars ................ Rent on equipment used in the factory .......... Lubricants used for machine maintenance ..... Salaries of personnel who work in the finished goods warehouse.............................. Soap and paper towels used by factory workers at the end of a shift ...................... Factory supervisors’ salaries
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other subsidiaries and therefore must rely on the assets and earning power of the subsidiary in which they hold ownership. The separate statements of the subsidiary are more likely to provide useful information to the noncontrolling shareholders. Q3-4 A parent company has the ability to exercise control over one or more other entities. Under existing standards‚ a company is considered to be a parent company when it has direct or indirect control over a majority of the common stock of another company
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business macro environment forecasting methods’‚ Journal of Business Economics and Mangement‚ Vol. 7‚ No. 3‚ pp. 11-117. Johnston L Orta A‚ 2013‚ ‘Managing the margins: internaltional business and “the value of culture”’‚ Journal of the American Ethnological Society‚ Vol. 40‚ No. 4‚ pp. 689-703. Bordo M O’Lessker K‚ 1982‚ ‘Political parties and the political system’‚ Business Horizons‚ Vol. 25. No. 4‚ pp. 53-59. Staats J Park C‚ Mercado Jr. R. V‚ 2013‚ ‘Determinants of financial stress in emerging
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Accounting Homework Individual Chapter 7 Question 1&2 1. (a) What are generally accepted accounting principles (GAAP)? In the U.S.‚ generally accepted accounting principles‚ commonly abbreviated as US GAAP or simply GAAP‚ are accounting rules used to prepare‚ present‚ and report financial statements for a wide variety of entities‚ including publicly-traded and privately-held companies‚ non-profit organizations. (b)What bodies provide authoritative support for GAAP
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Costs assigned to the building of a house should appear on the income statement when Answer a. the purchase order to manufacture the house is received. b. the house is sold. c. cash is collected for the sale of the house. d. the house is completed. The basic document for keeping track of costs in a job order costing system is a Answer a. labor time card. b. job order cost card. c. process cost report. d. materials requisition form. The following information is available at the
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ACCOUNTING NOTES FOR MY PERSONAL USE 4/12/2013 ELISHA VERIWA | Introduction to Accounting Accountancy is the process of communicating financial information about a business entity to users (stakeholders) such as shareholders and managers (Elliot‚ Barry & Elliot‚ Jamie: Financial accounting and reporting). Accounting has been defined as: * the art of recording‚ classifying‚ and summarizing in a significant manner and in terms of money‚ transactions and events which are‚ in part at least
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Chapter 4 Portuguese - first to begin slave trade slaves‚ manufactured goods were traded for rice‚ sugar‚ tobacco; taken back to Europe and were sold then traded again for manufactured goods Society with slaves - part of labor force were slaves Slave society - majority of laborers are slaves About 300 slaves on a ship‚ 1 in 6 died Bodies thrown overboard Middle Passage - brutal journey from africa to america Auctions losing independence because more are being brought Slaves costed twice
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Ribozymes can make complementary copies of short stretches of their own sequence or other short pieces of RNA. 4. Natural selection may have worked in an early RNA world because early protobionts with self replicating‚ catalytic RNA would have been more effecting at using resources and would have increased in number through natural selection. 5. (I know it’s the same as 4) Natural selection may have worked in an early RNA world because early protobionts with self replicating‚ catalytic RNA
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organisational plan and all the related measures that an entity adopts to: * safeguard assets * encourage adherence to company policies * promote operational efficiency * ensure accurate and reliable accounting records. It is either an administrative control or an accounting control Characteristics of an effective internal control system include: * Competent‚ reliable‚ and ethical personnel * Assignment of responsibilities * Proper authorisation * Separation of duties
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