QUIZ CHAPTER 3 ACTG 500 BE 161 Prepare adjusting entries for the following transactions. Omit explanations. 1. Depreciation on equipment is $800 for the accounting period. 2. There was no beginning balance of supplies and purchased $500 of office supplies during the period. At the end of the period $80 of supplies were on hand. 3. Prepaid rent had a $1‚000 normal balance prior to adjustment. By year end $600 was unexpired. Solution 161 |1 |Depreciation Expense
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Brazil has many ways that they categorize their social classes‚ but the most common one is upper‚ middle and lower class. The people that are seen as being part of the upper class are those that are wealthy and are supposed to be white. They are usually employed as investors‚ landlords‚ business owners‚ doctors‚ engineers‚ graduated professors‚ lawyers‚ politicians‚ directors‚ managers and many more in which they are very skillful in. The children of the higher class are the ones that get high education
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Kyle Jarman Group B Topic 4: Adjusting Entries What are the 4 different Adjusting Entries?: Adjusting entries are classified as either deferrals or accruals. Each class has two subcategories: Prepaid Expenses‚ Unearned Revenues‚ Accrued Revenues and Accrued Expenses. What accounting assumptions necessitate the use of adjusting entries?: Some events are not recorded daily because it is not efficient to do so. Some costs are not recorded during the accounting period because they expire
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Look at Merton’s Modes of Adaptation. Give at least one example of how someone‚ perhaps someone in the criminal justice system‚ uses each mode. Robert K. Merton’s "Social Structure and Anomie" (1938). People adapt in many different ways. Just as part of a river that suddenly finds it‚ self blocked by an obstacle and may split and find a new way to the ocean. Merton outlines five ways in which people adapt to society’s goals and means and they are as follows: 1) Conformity - Adherence to the practices
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------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- BRAZIL-AVIATION INDUSTRY Team 3 Executive Summary: This report was commissioned to analyze the growing Brazilian aviation industry. The factors that support the growth of the aviation market are studied in brief. Globalization involved in the aviation
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Barriers to entry are economic‚ procedural‚ regulatory‚ or technological factors that obstruct or restrict entry of new firms into an industry or market. Barriers to exit are perceived or real impediments that keep a firm from quitting uncompetitive markets or from discontinuing a low-profit product. 2. Types of barriers: Innocent barriers are those that are part and parcel of the nature of the industry and have not been specially erected by the incumbents to hinder the entry of other firms
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CASE STUDY: THE BUSINESS ENVIROMENT OF BRAZIL: NAVIGATING THE FINANCIAL CRISIS Brazil is the largest country in South America‚ covering around half of the total surface area of the subcontinent. It shares borders with every other South American country except Chile and Ecuador. The population of Brazil is estimated at 190 million. Brazil ranks fifth in the world in size and population. Discovered in 1500 by the Portuguese‚ Brazil gained independence in 1822. Upon becoming president in 1994‚ Cardoso
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DEMOCRATIZATION IN VENEZUELA AND BRAZIL Name Course Date Democratization in Venezuela and Brazil Introduction International politics have significantly influenced the evolution of different political systems in individual countries. At the dawn of the 20th century‚ nations across the globe have adopted the democratic system which has been seen as the most viable governance system. This is because democracy facilitates the participation of the common citizens in the decision-making
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STUDY MODE EXAMPLE The Function and Role of Law in Business and Society Law consists of a group of rules of action or conducts prearranged by governing authority and possess legitimate legal obligatory force for the common good and welfare of the country (Melvin‚ 2011). Law plays an important role in one’s everyday life and functions in many aspects. Law is created to protect one’s rights in society and in business by setting obligations and duties for individuals or groups to follow. One
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us about this country? Tyler “Blu” Gunderson‚ the main character or the protagonist of the movie RIO is originally and was born in Brazil; particularly in Rio de Janeiro‚ the second largest city in the country. Traditionally‚ the word "Brazil" comes from brazilwood‚ a timber tree that many sailors traded from Brazilian regions to Europe in the 16th century. Brazil is the largest country in South America. It is the world’s fifth largest country‚ both by geographical area and by population with over
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