FP/101 Week One DQ 1 Post a 150- to 300-word response to the following discussion question by clicking on Reply: Refer to Figure 1-1 of Personal Finance. List the five steps in the personal financial planning process. Share one or two questions you may ask yourself when you are in Step 1. According to Figure 1-1 of Personal Finance‚ the five steps in the personal financial planning process are: Step 1 – Analyze your current finances‚ Step 2 – Develop goals‚ Step 3 – Identify and evaluate
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a 1. Define the three aspects of organizational architecture. The three aspects of organizational structures as highlighted in the synopsis of Managerial Economics and Organizational Architecture are as follows : 1. The assignment of decision rights within the firm 2. The methods of rewarding individuals 3. The structure of systems to evaluate the performance of individuals and units These three components are often referred to a stool with three legs. If one of the
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Managerial Economics and Economics Managerial Economics has been described as economics applied to decision making. It may be viewed as a special branch of economics bridging the gulf between pure economic theory and managerial practice. Economics has two main divisions :- (i) Microeconomics and (ii) Macroeconomics. Microeconomics has been defined as that branch of economics where the unit of study is an individual or a firm. Macroeconomics‚ on the other hand‚ is aggregate in character and has
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Name___________________________________ ESSAY. Write your answer in the space provided or on a separate sheet of paper. 1) For each of the following changes‚ show the effect on the demand curve and state what will happen to market equilibrium price and quantity in the short run. a. Consumers expect that the price of the good will be higher in the future. b. The price of a substitute good rises. c. Consumer incomes fall‚ and the good is normal. d. Consumer incomes fall‚ and the good
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Women’s History Student Name HIS204 – American History Since 1865 Instructor Date Women’s History Women have fought for many years to gain rights and the ability to be treated as man’s equal. Women have earned the right to vote and work outside the home in jobs that were classically men’s work. Women earned the right to serve their country during wartime. However‚ women must work harder to prove that they are worthy of being treated as an equal. Women have made
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Chapter 17 Accounting and Reporting for the Federal Government True / False Questions 1. Responsibility for setting accounting and reporting standards for federal agencies rests primarily with the Federal Accounting Standards Advisory Board. True False 2. By law‚ federal agencies must incorporate the accounting standards (GAAP) established for the federal government into their financial management systems. True False 3. The objectives of federal financial reporting
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the company may not show as much profit and the loan could go into default. The public would be subject to the fallout because they will be footing the bill. Sue should definitely not do what Anne wants because it is against ethical nature of accounting when it comes to protecting the public interest‚ it will affect the company’s rating if found out and the
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force. (Points : 2) True 7. Giant Lift Corporation purchases all of the assets of Heavy Hydraulics Corporation. With respect to Heavy Hydraulics’s liabilities‚ Giant Lift is (Points : 2) responsible if the sale is actually a merger or consolidation. 8. Portia‚ a businessperson‚ is convicted of RICO offenses. Portia ’s penalties may include (Points : 2) dissolution of her business‚ forfeiture of its assets‚ and imprisonment. 9. Household Furnishings‚ Inc.‚ distributes its merchandise on an interstate
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Solutions to Review Questions Accounting assigns costs and revenues to “responsibility centers” that correspond to the decision authority of managers. This allows the firm to measure performance based on the results of decisions by the manager. An effective corporate cost allocation system separates the results of decisions by corporate managers from those of business unit managers. Although there are well-developed standards for many accounting transactions‚ accounting decisions still depend on the
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Accounting II Final Exam Review Chapter 18 Direct and Indirect Costs -Cost – a payment of cash or a commitment to pay cash in the future for the purpose of generating revenues. A. Cost object – costs that are often classified by their relationship to a segment of operations. Ex. Product‚ sales territory‚ a department‚ or an activity‚ such as research and development 1. Direct Cost = identified with and can be traced to a cost object Ex. The wood for a guitar is a direct cost of the
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