The lecture last night discussed accrual accounting concepts such as timing issues‚ and the basics of adjusting entries. The discussion went into more detail on periodicity assumption and how accounting divides the economic life of a business into artificial time periods. These time periods are generally a month‚ a quarter‚ or a year‚ now whether it is a fiscal year or a calendar year that is determined by the company itself. The lecture then reviews the revenue recognition principle which expects
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discussion‚ Congress has the authority to impeach and dismiss the occupants of the other 2 branches. This‚ above all else‚ makes the Legislative Branch‚ undoubtedly‚ the most powerful of the three. 3. What is a policy you think would help address the issue you feel is most critical? A policy I think would help the issue that is most critical‚ which is unemployment‚ is really putting more of an effort into these Americans that are
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Comparing Accounting Software Programs to Manual Accounting Manual accounting uses several paper ledgers to record financial transactions. It is very time consuming to record each single transaction onto paper‚ being very cautious not to make an error. There are several ledgers for each part of the accounting system‚ such as accounts payable‚ accounts receivable‚ and revenue accounts. Combining these ledgers into one general ledger‚ provide the balance for each ledger. The general ledger
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In her article “What About Us?”‚ Sylvia Harvey maintains that mass incarceration separates millions of kids from their parents. As the author herself puts it “Among the many collateral consequences of mass incarceration is its impact on children‚ and the number who are affected is staggering.” I’m of two minds about Harvey’s contention that extended family visitation should be reconsidered. On the one hand‚ Harvey gives some convincing evidence that without extended family visitation‚ the majority
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affect the extension’s classification as well as other business factors to extending the lease‚ such as tax implications. If you have any further questions or want to discuss other alternatives with the lease‚ please contact me. Regards‚ -- Accounting Star
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Chapter 2—The External Environment: Opportunities‚ Threats‚ Industry Competition‚ and Competitor Analysis TRUE/FALSE 1. The health-related concerns in the general environment facing Philip Morris International are part of the physical segment. ANS: F PTS: 1 DIF: Medium REF: 36 OBJ: 02-01 TYPE: comprehension NOT: AACSB: Ethical & Legal understanding | Management: Ethical Responsibilities | Dierdorff & Rubin: Managing the task environment 2. The external environment facing business stays relatively
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Table of Contents Case 1 Introduction Jill’s business is expanding while the up going GST prevent her from gaining more profits. The idea of replacing the labor with the help of new equipment will bring about an unprofitable break-even point. However Jill still insist on borrowing from bank to invest in the equipment regardless of the CVP analysis result‚ which raised some ethical issues. Analysis Question 1 Defining the stakeholders There are 5 major stakeholders arising
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1. The main points of Debbie Fields’ presentation were composed of a four part recipe that combines to make quality. The first part of the recipe is passion‚ which means finding something that you love and pursue it. The logic behind doing what you love is that you are going to be more likely to want to complete a goal that involves a passion rather than one that they are not very enthusiastic about. The second ingredient of Mrs. Fields’ recipe is perfection‚ which translates to always giving it
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between accrual-basis accounting and cash-basis accounting? The variation between accrual basis accounting and cash basis accounting‚ is how cash is documented. Cash basis is an accounting basis that is used when expenses and revenue are paid out or received. This is when the transaction will be recorded. In accrual-basis accounting‚ transactions are recorded when they actually happen. Payment does not need to be made for the transaction to be recognized in accrual-basis accounting unlike cash-basis
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I waited patiently by the bench in what all Harvey Mudd chemistry majors call the "Super Lab‚" staring for what seemed to be hours at a small flask bubbling with something that looked like a cross between Pepto-Bismol and whipped cream. I was waiting for the color to turn just the right shade of blue before I could go home for a late dinner‚ but it was obvious that this solution was as far from blue as baseball is from rugby. I realized then that "Super Lab" was not so Super‚ and neither was a career
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