more detail in the answer to the next question. 1.6 Now let’s analyze the Goods Rcvd/ Invoice Rcvd account closer. This account is necessary because of timing differences in the real world. This is what is termed a suspense account. Briefly explain how entries would be made to this account (i.e. What transactions happen and how are they recorded?) and why all transactions in the account should eventually be zeroed out. (If you don’t grasp this concept yet‚ you may wait to answer this part until
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Financial Accounting Assignment 2 1 of 25 The credit term 2/10 n/30 means: that after 10 days 2% interest is charged. that there is a 10% discount if payment is received within 30 days. that there is a 2% discount if payment is received within 10 days. there is a 10% discount if paid immediately and 2% if paid within 30 days. 2 of 25 Family Food Stores purchased canned goods at an invoice price of $3‚000 and terms of 2/10‚ n/30. Half of the goods had been mislabeled and were returned immediately
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its estimated quarterly income taxes. This is an example of ________. Answer Selected Answer: b. G2B Correct Answer: b. G2B Question 2 2 out of 2 points Correct Dell’s cornerstone business model is based on the concept of: Answer Selected Answer: c. build-to-order which allows customers to configure their own customized systems. Correct Answer: c. build-to-order which allows customers to configure their own
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CLICK TO DOWNLOAD ACC 201 Principles of Financial Accounting Week 1 Chapter 1 and 2 Practice Exercises: 1-2‚ 1-4‚ 1-9‚ 1-12‚ 1-18‚ 2-1‚ 2-3‚ 2-19‚ 2-22‚ 2-25. Memo to Blair Complete the writing assignment‚ ATC 1-4 from Chapter 1 and submit to your instructor. Week 2 Discussion 1: Fraud Discuss in general the ethical issues when employees are tempted to defraud their employer or when companies defraud the public. What sort of situations can lead to this behavior? What are the costs of
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ACC 201 Comprehensive Final Study Guide How does the accounting profession distinguish between internal and external users of financial information? Whose needs are considered to be most important in the preparation of the general purpose financial statements? Distinguish between the three primary forms of organization for a business‚ i.e. proprietorships‚ partnership‚ corporations. How are corporate decisions authorized and carried out? What is the accounting equation? Why
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1. Complete the analogy: Sensation is to detection as perception is to interpretation. 2. Although Remi was sitting right next to his parents‚ he smelled a skunk minutes before they did. Explain. a Apparently Remi has a lower absolute threshold for skunk odor his parents have. 3. Greg’s bag of marbles is twice as heavy as Steven’s. If it takes 5 extra marbles to make Steven’s bag feel heavier‚ it will take 10 extra marbles to make Greg’s bag feel heavier. What does this best illustrate? 4.
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Chapter 1 - Speaking in Public 1.Speakers should focus on the message they are expressing more so than how the audience is responding to the message. – False 2.Messages are usually transmitted from sender to receiver through audience and listener channels. – False 3.Smiles‚ head nods‚ eye contact‚ and clapping from audience members are all forms of feedback. 4.An ethical speaker considers the moral impact their ideas and arguments have on their listeners. 5.“Care and concern for others‚ the
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- QUESTION 1- WHAT IS SOCIOLOGY? IDENTIFY ITS UNIT OF ANALYSIS. HOW DOES IT DIFFER FROM DISCIPLINES SUCH AS ANTHROPOLOGY AND PSYCHOLOGY? - QUESTION 2- WHAT DID PETER BURGER MEAN WHEN HE SAID THE SOCIOLOGICAL PERSPECTIVE IS ‘SEEING THE GENERAL IN THE PARTICULAR’? - QUESTION 3- WHICH GROUP OF INDIVIDUALS IS MORE LIKELY TO COMMIT SUICIDE‚ ACCORDING TO DURKHEIM? EXPLAIN HOW SOCIOLOGISTS KNOW THAT THE POWER OF SOCIETY IS EVIDENT IN THE PERSONAL DECISION TO COMMIT SUICIDE.
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animals 1. What food makes up nearly all (around 99%) of a Giant Panda’s diet? 2. True or false? Mice live for up to 10 years. 3. What is the name of the phobia that involves an abnormal fear of spiders? 4. What is the largest type of ‘big cat’ in the world? 5. True or false? Crocodiles have no sweat glands so they use their mouths to release heat. 6. Are butterflies insects? 7. What are female elephants called? 8. True or false? Bats are mammals. 9. Bees are found on every continent of earth except
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objective of financial reporting? Provide information on the liquidation value of an enterprise.** Accounting principles are "generally accepted" only when an authoritative accounting rule-making body has established it in an official pronouncement. it has been accepted as appropriate because of its universal application. both a and b.** Generally accepted accounting principles include detailed practices and procedures as well as broad guidelines of general application
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