4. The left side of an account is always: a. the debit side. b. the credit side. c. the balance of that account. d. carried forward to the next accounting period. 5. Posting is the process of: a. preparing a chart of accounts. b. adding a column of figures. c. transferring journal entries to ledger accounts. d. recording entries in a journal. 6. Montana Inc.’s fiscal year ended on December 31‚ 2012. The balance in the prepaid insurance account as of December 31‚ 2012‚ was $34‚800 (before
Premium Generally Accepted Accounting Principles Revenue Income statement
TRADITIONAL FORMS OF COMMUNICATION ARE STILL IN USE TODAY‚ DESPITE THE MOST ADVANCED METHODS OF MODERN COMMUNICATION. DISCUSS. N. P. Weerasooriya has done this for her project in Mass Communication‚ Aquinas University College‚ Sri Lanka. Introduction In traditional forms of communication‚ people learned and shred ideas‚ opinions and experiences in an orally transmitted manner. Within the development of language‚ the capacity to communicate become more effective
Premium Communication
Business Economics GM545 Winter 2013 Chapter 16 Question 5 Frictional unemployment also known as search unemployment distinguishes the time period between jobs when a worker is searching for or transitioning from one occupation to the next. Unemployment that exits in a fast growing economy with an expanding mobile‚ elastic and adaptable labor force of having many different options. With this type of structure can be beneficial to workers because it allows them to seek for positions they desire
Premium Foreign exchange market Bretton Woods system Monetary policy
Aggregate Expenditure: relationship showing (at a given price level) Real GDP. * Y=C+I+G+NX Consumption Function (C): A relationship between disposable income (income-tax) and consumption * C=a+b(Y-T) * a-autonomous spending * b-MPC * Y-Aggregate expenditure * T-net taxes (tY) * Marginal Propensity to Consume (MPC) * Δ consumption/Δ disposable income * Marginal Propensity to Save (MPS) * Δ savings/ Δ DI * DI-MPC=Savings * MPS+MPC=1
Premium Keynesian economics Macroeconomics Inflation
1) Some definitions 2) Economics as a science 3) Production possibilities frontier Reading Chapters 1‚2‚3 Definitions Economics: the study of the choices people make and the actions they take in order to make the best use of scarce resources in meeting their wants and needs Economic choices: Consider some activity X. Then a simple rule of economics is: If benefits (activity X)> Costs (Activity X)‚ then do activity X If Costs (activity X) > Benefits (activity X)‚ then do not do
Premium Economics
UNIT 4 INDIVIDUAL PROJECT ECON220-1205B-05 : Microeconomics by Kendra M Hutchins AIU Online Abstract This paper will discuss the concerns of correcting the effects of gases and particulates emitted by a local power plant and how the market activities have unintended positive or negative effects outside the market’s scope. These effects are referred to as externalities and therefore‚ will examine the cost and benefits of each action. Externalities In the business world‚ things will
Premium Externality Pigovian tax Pollution
Managerial Economics B Ad 5102 Study Guide for Mid-Term Exam DO PRACTICE QUIZZES‚ STUDY GUIDE QUESTIONS‚ PROD EX‚ TEST BANK You may construct a “formula sheet” that has only expressions‚ no words‚ except those words that identify the formula or use a sheet that is a legacy of previous classes. Your own personal sheet will need to be inspected by me upon completion of the test. The test will cover Chapters 1-3 and 5. You will respond to five (5) of six (6) identification questions
Premium Supply and demand
’Brilliant’‚ ’Quite Good’‚ ’What?’‚ these are just some of the comments made recently in the press regarding economic development. I really‚ really like economic development. While it has been acknowledged that it has an important part to play in the development of man‚ it is yet to receive proper recognition for laying the foundations of democracy. Inevitably feelings run deep amongst global commercial enterprises‚ who are likely to form a major stronghold in the inevitable battle for hearts and
Premium Economics Development economics Economic development
Review sheet for Exam 2 – Principles of Macroeconomics What are the two focal areas of macroeconomics? What are business fluctuations? The phases of a business cycle‚ and the characteristics of each phase. Business fluctuations in the growth rate of real GDP around its trend growth rate. Employment and Labor force concepts including computations of these (e.g. unemployment rates‚ labor force participation rates‚ U-rates of labor underutilization etc.) Categories of unemployment Frictional-
Premium Inflation Macroeconomics
Final Project Option 1 center850008549640October 26‚ 2014 BMGT 365 1000000October 26‚ 2014 BMGT 365 To turnaround an unprofitable company‚ Joan imposed new management ideas despite her father’s business practices and culture. With her leadership‚ Joan will lead and motivate Invitations Inc. employees‚ and the company will become more profitable. This leadership void threatens Invitation’s Inc “sustainable pattern of customer focus and profitable growth” (Millikin 9). Invitations Inc
Premium Management Leadership