How to Adjust Entries for a Trial Balance A trial balance is created by companies at the end of an accounting period. It contains a list of all accounts within an accounting system that have balances. Companies separate the accounts into different categories‚ which include assets‚ liabilities‚ equities‚ revenues and expenses. The accounts are listed in order‚ beginning with assets‚ and each includes a balance that is either a debit or credit. Asset and expense accounts have debit balances‚ while
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ABSORPTION AND VARIABLE COSTING Learning Objectives 1. Explain the accounting treatment of fixed manufacturing overhead under absorption and variable costing. 2. Prepare an income statement under absorption costing. 3. Prepare an income statement under variable costing. 4. Reconcile reported income under absorption and variable costing. 5. Explain the implications of absorption and variable costing for cost-volume-profit analysis. 6. Evaluate absorption and variable costing.
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Chapter 1 Prices‚ Discount Factors‚ and Arbitrage STARTING WITH COUPON BONDS • Three aspects: In May 2010 the U.S. Treasury sold a bond with – a coupon rate of 2 % and – a maturity date of May 31‚ 2015 – a payment frequency of two a year‚ six months apart s of May 31‚ 2015” • This bond is called “ Coupon rate 9/5/2013 Coupon frequency‚ “s” is for “semi‐annual” L. Wu maturity 2 Cash Flow of the Bond • The unit for bond purchasing is $1‚000. • Suppose that an investor purchases $1m face
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How to balance Penn Foster studies with family demands Many people have struggled trying to balance their studies and their family demands. Now that I have learned how to balance between the two‚ things in my life are a little bit easier. I am a stay at home mother of six children‚ all under the age of 13. My children have many demands and I must find the time to meet their needs as well as meet the requirements to complete my schooling. The reason that I have decided to go with online classes is
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The executive branch‚ headed by the President‚ carries out and enforces the law. And the judicial branch‚ headed by the Supreme Court interprets the law. 2. The system of checks and balances allows each branch of government to influence the activities of the other branches. Examples of checks and balances include the president’s veto power over Congress‚ the power of the Supreme Court to declare laws unconstitutional‚ and the power
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Depreciation of Fixed Assets Depreciation A business may acquire fixed assets such as land‚ buildings‚ machinery‚ office equipment‚ delivery equipment and natural resources (e.g. a piece if mining land)to help in the process of its operations to earn revenue in order to make a profit. Such assets‚ by their very nature‚ provide benefits to the business for more than one financial year or period. In fact‚ when a business buys a fixed asset at a certain cost (say $10‚000)‚ it is actually buying
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look at exactly what is meant by quality and cost. Quality is the totality of the attributes of a good or service that meet the requirements of the buyer or customers. The materials which make up the product‚ the design and the engineering of the product‚ product performance‚ reliability and durability are all important characteristics of the "quality package"‚ which ultimately influence customers to buy a product and repeat-purchase It. (Pass 1995) Cost is the expenditure upon resources incurred
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Types of Variables Binary variable Obsevations (i.e.‚ dependent variables) that occur in one of two possible states‚ often labelled zero and one. E.g.‚ “improved/not improved” and “completed task/failed to complete task.” Categorical Variable Usually an independent or predictor variable that contains values indicating membership in one of several possible categories. E.g.‚ gender (male or female)‚ marital status (married‚ single‚ divorced‚ widowed). The categories are often assigned numerical
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future. No matter where you turn‚ learning is everywhere. Humans strive to succeed by learning from others. 2. Talent is our natural ability to perform some form of effort‚ such as playing a musical instrument or throwing a baseball 90 MPH. Learning how to groom‚ grow and improve your talent can be accelerated with education. Learn from others and borrow their techniques. 3. You’ll earn more money per year than a high school graduate. People who go into vocational trades can make a very good living
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Measuring haemodynamic variables using different techniques and examining the effects of diving reflex‚ isometric muscle contraction and psychological stress on these variables. Introduction Haemodynamics is the study of factors that determine the movement of blood (Widmaier et al‚ 2011). The main haemodynamic factors are heart rate and blood pressure. Heart rate is defined as the number of times the heart contracts per minute. Normal resting heart rate in adults ranges between 60 – 100 beats
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