total current A – total current L. Net Sales – gross profit = COGS. Balance sheet + income statement show total costs of merchandise that remains and total sold. Accounting: a process of identifying‚ analyzing‚ recording‚ summarizing‚ and reporting economic information to decision makers. Financial accounting: focuses on specific needs of decision makers external to the org (stockholders‚ suppliers‚ banks‚ govt agencies) used for evaluating past performance‚ assess future prospects‚ bus. Relations.
Premium Generally Accepted Accounting Principles Finance Economics
it established two multinational institutions: the International Monetary Fund (IMF) and the World Bank. The task of the IMF would be to maintain order in the international monetary system and that of the World Bank would be to promote general economic development. The aim of the Bretton Woods System: was to try to avoid a repetition of that chaos through a combination of discipline and flexibility. The official name for the World Bank is the International Bank for Reconstruction and Development
Premium Foreign exchange market
Page 1 1. (TCO B) What are the advantages of qualitative measurements when doing marketing research? What are the disadvantages? Be sure to answer both questions. (Points : 25) | 2. (TCO C) What are the benefits to a company of a well-executed BRANDING strategy? What are the benefits to a consumer? (Points : 25) | 3. (TCO H) Marketers recognize that the marketing of services is different than the marketing of a product because of the different characteristics that distinguish
Premium Marketing
Take-Home Exam Exercise 1 (a) If the emissions in the area are left unregulated then the two factories will emit as much as they can‚ which means there will be zero abatement (MAC=0). So we have: Factory A: MACA=0 4000-EA=0 EA=4000 Factory B: MACB=0 4000-4EB=0 EB=1000 For the socially optimal level of emissions we have: MACA=4000-EA EA=4000-MACA MACB=4000-4EB EB=1000-0‚25MACB By adding the above by parts we get: E=5000-1‚25MAC MAC=4000-0‚8E The socially optimal level of emissions
Premium Marginal cost Economics Equals sign
resulting domestic ideal‚ she shows‚ focused only on white‚ middle-class women but failed to meet the needs of its targeted audience. Scanlon argues convincingly that what the ads proffered would not satisfy "inarticulate longings for personal autonomy‚ economic independence‚ intimacy‚ sensuality‚ self-worth‚ and social recognition" (p. 10). Scanlon’s larger task is to demonstrate how from 1910
Premium Vietnam War United States World War II
Final Examination of Economics 1.When the money market is drawn with the value of money on the vertical axis‚ if the price level is above the equilibrium level‚ there is an a. excess demand for money‚ so the price level will rise. b. excess demand for money‚ so the price level will fall. c. excess supply of money‚ so the price level will rise. d. excess supply of money‚ so the price level will fall. 2.According to the classical dichotomy‚ when the money supply doubles which
Premium Economics Inflation Supply and demand
INSTRUCTION: Answer ONLY FOUR (4) Questions in A-4 size paper. 1. a) Use a downward-sloping demand curve to explain a change in quantity demanded. (5 marks) b) Use a diagram to show how each of the following events affects the equilibrium quantity and price of cakes: i. the cost of ingredients of cakes falls. (4 marks) ii. households tend to prefer buns to cakes. (4 marks) iii. cakes is assumed a normal good
Premium Supply and demand Economics
ACC/290 Final Examination Study Guide This study guide will prepare you for the Final Examination you will complete in Week Five. It contains practice questions‚ which are related to each week’s objectives. In addition‚ refer to each week’s readings and your student guide as study references for the Final Examination. Week One: Basic Accounting Principles and Concepts Objective: Identify the four basic financial statements. 1. Which of the four basic financial statements has three main
Premium Revenue General ledger Generally Accepted Accounting Principles
PLEASE DO NOT WRITE ON THIS EXAMINATION FORM. 1. Which of the following statements is correct? a. Real GDP is the total market value of the final goods and services produced in America for sale in a year valued in the prices of 1992. b. Your buying stock in the stock market is an example of investment spending c. Potential Real GDP is always greater than Equilibrium Real GDP d. Social security and welfare are examples of spending on infrastructure
Premium Gross domestic product Economics Economic growth
ECS1260-65 ECONOMICS (FOR BUSINESS AND) MANAGEMENT 2012-13 Seminar Exercises 16 (to take place in Week 20 starting 11th March 2013) 1) Please say whether the following statements are true or false: a. The main functions of money are the medium of exchange‚ store of value and unit of account. b. The monetary base is cash in circulation plus bank deposits. c. Money supply is monetary base plus bank deposits. d. When the Central Bank acts as a lender of last resort‚ it is
Premium Inflation Monetary policy Money