ACCOUNTING EXAM 2 STUDY GUIDE Chapter 5 1. Know the following terms: merchandise inventory‚ sales‚ sales returns and allowances‚ sales discounts‚ net sales‚ cost of merchandise sold‚ gross profit‚ operating expenses‚ operating cycle‚ purchase discounts‚ purchase returns and allowances‚ FOB shipping point‚ FOB destination‚ and inventory shrinkage. 2. Be able to prepare a multiple step income statement. 3. Be able to prepare the journal entries for the seller and buyer including
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Rena Programming: What was done during the campaign? What creative strategies (or response strategies) did they use? Svitzer Salvage successfully handled the situation by immediately reaching out to the media and informing them about the crisis at hand while keeping them posted on their progress. The organisation wanted to be perceived as transparent and honest. This was done by consistently engaging with the public‚ answering questions and providing footage when appropriate. Svitzer Salvage
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Statistics Problems 1) Ask 10 people (try to get 5 males and 5 females) the following questions A) Their ages B) How many vitamins they take daily C) How many carbonated sodas they drink each day D) How many alcoholic beverages they drink per month E) Write your own question. Ask your participants if they agree with something or if they do something. For example‚ you may want to ask them if they eat popcorn when they go to the movies or if they support a political issue. It must be a yes/no
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Chapter 2 is a part of Pedagogy of the Oppressed Paolo Freire’s book published in 1970 in New York. In this chapter‚ Freire compares two concepts of education. They are banking and problem-posing concepts. The banking approach considers students as the passive‚ lacking initiative “containers”‚ while teachers “fill” these “receptacles”. Students have to memorize mechanically information given them by teacher excluding the processes of inquiry. In contrast‚ the problem-posing concept encourages the
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Case Problem 2: Office Equipment‚ Inc. 1. l = 1 llamada/50 hours = 0.02 calls per hour 2. Mean service time = travel time + repair time = 1 + 1.5 = 2.5 hours m = 1 / 2.5 hours = 0.4 customers per hour 3. The travel time is 1 hour. While this is considered part of the service time it actually means that the customer will be waiting during the first hour of the service time. Thus‚ travel time must be added to the time spent in line as predicted model in order to determine
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Problem Set II Problem P9 17: Jack Hammer FV (Table 1) at 11% discount rate 2.00 x .901 = $1.80 2.20 x .802 = $1.79 2.40 x .731 = $1.75 33.00 x .731 = $24.12 -------- $29.46 Problem P9 - 22: Alternative Present Values: Your rich godfather has offered you a choice of one of the three following alternatives: $10‚000 now; $2‚000 a year for eight years; or $24‚000 at the end of eight years. Solution: (first alternative)
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‘that Dr. Reynolds works the same way? He charges bushels of potatoes for delivery of a baby…’ as said in Chapter 2 of To Kill a Mockingbird. This connects to the historical reality at the time because‚ it is true many folks did have to pay for things with food or belongings because they had no money. Many people may argue however‚ saying that “oh city folks didn’t have to worry about that problem as much as country folks because it’s the farmers who had to deal with that.” While it is true that farmers
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Chapter Two Worldwide Accounting Diversity Learning Objectives After reading this chapter‚ you should be able to • Provide evidence of the diversity that exists in accounting internationally. • Explain the problems caused by accounting diversity. • Describe the major environmental factors that influence national accounting systems and lead to accounting diversity. • Describe a judgmental classification of countries by financial reporting system. • Discuss the influence that culture is thought to
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Government and Politics in the Lone Star State by Tucker Gibson and Clay Robinson Chapter Study Questions Chapter One: The Social‚ Economic‚ Ecological‚ and Political Systems of Texas 1 What percentage of Texans live in urban areas (cities & suburbs)? 2 75% 2 Name the three cities in Texas that are three of the largest in US? 2 Houston‚ San Antonio‚ Dallas 3 What are the three diverse economic businesses in Texas? 4 Oil and gas producer now work alongside high-tech companies‚
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Child Abuse – Chapter 1 & 2 summery Reading for October 22-2013 Chapter 1 Important terminology: 1. Child maltreatment – included both the abuse and neglect of children. 2. Child abuse – a term that is used for acts of commission – inappropriate behaviors towards children 3. Child neglect – term used for act of omission. Omission is not performing an act that is usually done or expected by a ’normal’ person. Like stopping at a scene of a traffic accident if you are a medical professional
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