Governmental Acct. Chapter 1 Homework 1-1) What justifies the different accounting & financial reporting practices of gvmt. & not-for-profit organizations as compared with business organizations? The fact that governments may have a monopoly on the services that they provide and the taxpayers must provide resources to them regardless of what they are‚ and efficiency is hard to measure as well as the quantity or quality of the services. 1-2) Describe the principal differences that distinguish
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Chapter 2 Quiz 1.) The cost of goods manufactured for a period is the amount transferred from work in process inventory to finished goods inventory during the period? (TRUE) 2.) Differential costs can only be variable costs? (FALSE) can be fixed or variable 3.) The cost of napkins put on each person’s tray at a fast food restaurant is a fixed cost? (FALSE) 4.) A fixed cost is a constant per unit of product? (FALSE) variable would be true 5.) In a manufacturing firm all costs are product costs? (FALSE)
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Chapter 7 Key terms 1. Accuracy- the source’s correctness or truthfulness. 2. American Psychological Association- those who utilize a social scientific approach to exploring communication. 3. Background information- provides context for your topic. 4. Bias- the attempt to unfairly attempt to influence someone or the perception of something is also a concern. 5. Chicago Manual of Style- Who conducts rhetorical research. 6. Communication/ Mass media complete- allows the same for journals and
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Chapter 01 1. The business entity assumption requires that a business be accounted for separately from other business entities‚ including its owner or owners. 2. The four basic financial statements include the balance sheet‚ income statement‚ statement of retained earnings and statement of cash flows. 3. A balance sheet covers a period of time‚ such as a month or year. 4. The income statement shows the financial position of a business on a specific date.
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CHAPTER 2 LITERATURE REVIEW 2.1 Introduction The concept of employee performance In textile industry‚ quality is closely related to employee performance .An essential feature of any successful factory is motivated employee. Therefore the performance of an employee towards his or her place of work and the extent to which an employer‚ owner or manager is able to motivate employees may have a direct effect on the quality of those products. One most important challenge facing managers is the creation
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CHAPTER 20 INVENTORY MANAGEMENT‚ JUST-IN-TIME‚ AND SIMPLIFIED COSTING METHODS 20-1 Cost of goods sold (in retail organizations) or direct materials costs (in organizations with a manufacturing function) as a percentage of sales frequently exceeds net income as a percentage of sales by many orders of magnitude. In the Kroger grocery store example cited in the text‚ cost of goods sold to sales is 76.8%‚ and net income to sales is 0.1%. Thus‚ a 10% reduction in the ratio of cost of goods sold to sales
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What is on the quiz (Actually the info is in chapter 7) Articles of confederation These were documents that basically made the 13 colonies separated from GB and established the US as a confederation Northwest ordinances This was an act of the confederation of the US that stated that the US would continue expansion towards the west Nationalist They preferred strong central government Goals of nationalists: To have their country united under THEIR nation’s rule - not to be ruled by some foreign
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I like how in Chapter 7 Boroson talks about co-teacher. She discusses how both are teachers and that both are equal. Boroson said it well on page 127‚ “It’s not my students‚ and her students. It’s our students.” The students will accept both as their teachers. Hidden curriculum is the curriculum that we don’t have guidelines for. They are the everyday things that must be taught to our students with ADS. One of the hidden curriculum in my classroom and school is expected behavior at recess. I have
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Chapter 7: Katniss sleeps with nightmares‚ and when she drags herself into the shower in the morning‚ she fumbles with the automatic buttons‚ spraying herself in hot and cold streams of water. She dresses herself in a practical outfit that’s been laid out for her and ties her hair in a single braid‚ before heading down to see if there’s food in the dining room. Katniss’s thoughts of Prim and her mother make her homesick‚ but they also motivate her. She wants to give them comfort by performing well
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Chapter 7 Quiz: AP Economics 1. A nation’s gross domestic product (GDP): A. is the dollar value of all final output produced within the borders of the nation. B. is the dollar value of all final output produced by its citizens‚ regardless of where they are living. C. can be found by summing C + In + S + Xn. D. is always some amount less than its C + Ig+ G + Xn. 2. A nation’s gross domestic product (GDP): A. can be found by summing C + Ig + G + Xn. B. is the dollar value of the total output
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