ACC 556 – Financial Accounting for Managers Chapter 1 Homework Due Week 1 and worth 10 points Directions: Answer the following four questions on a separate document. Explain how you reached the answer or show your work if a mathematical calculation is needed‚ or both. Submit your homework assignment using the homework assignment link in the course shell. E1-1 Here is a list of words or phrases discussed in this chapter: 1. 2. 3. Corporation Creditor Accounts receivable 4. 5. 6. Partnership Stockholder
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Qingjing Xu Econ 1320 Instructor McDermott 01/14/2012 The Gold Standard The gold standard‚ a monetary system‚ directly links a currency’s value to that of gold. For the country that on the gold standard‚ if they want to increase the amount of money‚ they have to expand its gold reserves as a condition. Because the supply for global gold grows only slowly‚ it becomes an effective way to prevent the government overspending and create inflation.
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Bell- has developed a low cost and high value product line; Toyota- a rapid response to changing customer demand; PRODUCT LIFE CYCLES: Intro Phase- the product is being fine-tuned for market‚ negative cash flow due to research‚ product development‚ process modification‚ and supplier development; Growth Phase- product design is stabilizing‚ requires effective forecasting of capacity requirements; Maturity Phase- high sales revenue‚ competitors are established‚ improved cost control‚ reduction in options
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The age-old double standard of sexuality and gender is a historical and still currently prevalent issue that both male and females both face‚ though one more than the other. A double standard‚ as defined by Merriam Webster‚ is a set of principles that apples differently and usually more rigorously to one group of people or circumstances than to another. It is clearly evident that there are double standards within the sexes regarding sexuality. Women are ridiculed‚ shamed‚ and stigmatized for being
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scenes‚ such as when Dracula heaves a sack withholding a deceased child before three female vampires. It is no surprise why he choose London to be the setting of his novel. London is "exotic" and unknown. Stoker is obviously inspired by London’s castles‚ hidden streets‚ and church yards. Because of all of these points‚ London is the perfect gothic setting for Stoker’s “Dracula.” London is recognized for its grand castles. Stoker may have been motivated to use these in his novel describing Dracula’s
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I. Setting influences by : determines the living conditions & jobs available to them Shaping their personalities‚ their dreams‚ and their values Creates conflict by: Exposing the characters to dangerous weather‚ such as a storm or a drought Making characters endure a difficult time period‚ such as The Great Depression Serves as a symbol by: representing an important idea Representing a character’s hopes‚ future‚ or predicament II. Model 1 1. Its says he lives in a squalid homestead‚ and
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between accrual-basis accounting and cash-basis accounting? The variation between accrual basis accounting and cash basis accounting‚ is how cash is documented. Cash basis is an accounting basis that is used when expenses and revenue are paid out or received. This is when the transaction will be recorded. In accrual-basis accounting‚ transactions are recorded when they actually happen. Payment does not need to be made for the transaction to be recognized in accrual-basis accounting unlike cash-basis
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accepted accounting principles in the public’s interest. FASB established in 1973 and it’s starts giving the financial solutions for public and private companies and non-profit organizations. FASB is responsible for setting accounting standards for public‚ private companies and organizations. There are currently seven members’ who are at the top position of this organization. The magazines such as Wall Street Journal‚ USA Today‚ and others claimed that the FASB fails to resist “Political pressure”
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* Abstract Symbol from the perspective of rhetorical word‚ phrase‚ or the addition of Jamal apparent meaning‚ meaning spread of the spectrum The reader is instilled. Since the expression of complex thought and reflection mystical indirect political ideas and Prevailing social‚ symbolic‚ under ASA has long been the symbol and symbolism of Persian literature‚ especially in poetry range Persian‚ and has a special appearance. In addition to the contemporary literature‚ the texts of familiar
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professional conduct is clear that an accountant should follow all the six principles so that a healthy work environment could be created in the interest of the company‚ society and nation. The second discussion is focused on evaluation of ethicality of accounting activities. Manipulating the financial statements for personal interest or for loyalty towards company or its executives is unethical and the person responsible for such act will be punishable. Misstatement of financial statements is ethically wrong
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