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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The film 13th explores race‚ justice‚ and mass incarceration in the United States. The film mainly focuses on the history of how racial inequality came to be in the United States. Also the film mentions that in the United States’ prisons there are inordinate amount of African-Americans. Additionally a variety of different political activists and public figures from different backgrounds gave their view from Angela Davis‚ Bryan Stevenson‚ Van Jones‚ Newt Gingrich‚ Cory Booker‚ and many others. In
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Governmental Acct. Chapter 1 Homework 1-1) What justifies the different accounting & financial reporting practices of gvmt. & not-for-profit organizations as compared with business organizations? The fact that governments may have a monopoly on the services that they provide and the taxpayers must provide resources to them regardless of what they are‚ and efficiency is hard to measure as well as the quantity or quality of the services. 1-2) Describe the principal differences that distinguish
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Assignment 14 1. Andrew Johnson- A political leader of the nineteenth century. He was vice president in 1864 and became president when Abraham Lincoln was assassinated in 1865. He was an honest man but an unfortunate President. He is one of the two presidents that have been impeached. The House of Representatives charged him with illegally dismissing a government official. The senate tired him and he was acquitted by only one vote. He grew up in poverty and opened a tailor shop in Tennessee. He
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ECOS2002 – Intermediate Macroeconomics Tutorial Questions Topic: ‘Fiscal Policy and the Open Income-Expenditure Model’ Tutorial 2: Week 4 (19-23 August) NB: The readings for this tutorial are indicated in Topic 2 of the reading guide. 1. In the Keynesian theory of output what is mechanism that brings about the equilibrium level of output determined by aggregate demand? 2. ‘The stance of fiscal policy cannot be measured by the size of the actual budget deficit.’ Why
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Multiple Choice Questions 1. Which of the following entities would not require accounting information pertaining to their economic activities? a. Social clubs. b. Not-for-profit entities. c. State governments. D. All of these require accounting information. e. None of these requires accounting information. Difficulty: Easy 2. Which of the following is not an objective of financial reporting described in FASB Concepts Statement No. 1? a. To provide information about how management of
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The movie 13th which is directed by Ava DuVernay and is featured on netflix primarily focuses on how the thirteenth amendment in the constitution has allowed for mass incarceration and criminalization to occur. Furthermore‚ the documentary demonstrates how the loophole in the thirteenth amendment was abused after the Civil War since many African Americans were arrested for minor crimes such as lottering. The documentary also argues that this was often used as a tactic to ensure that economic system
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The film 13th‚ directed by Ava DuVernay‚ was very unpleasant to watch. African Americans of all ages and both genders were mistreated and had a very limited amount of freedom. If you were within the African American race‚ you were put to slavery instantly. Many were arrested for the slightest of crimes which included littering and vagrancy and put to labor after the civil war. Every image you see of African Americans‚ particularly African American males‚ were considered monsters and horrendous human
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Chapter 16 starts with the narrator and Chris begins their trek into the mountains. The difficult route reminds the narrator of the philosophical terrain Phaedrus trekked in search of Quality. On this mental journey‚ Phaedrus becomes frustrated at his inability to define Quality so he turns to a non-metaphysical explanation that revolves around his teachings. Ultimately‚ Phaedrus realizes that the institutional setting of the university promotes grade-motivated “mules” that were taught to simply
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The Impact of the Silk Road • The Silk Road at first caused many pastoral groups to form. Eventually‚ rich families did settleand build large establishments. • The Silk Road allowed the spread of religions ( see chart above ) such as Nestorian Christianity‚Manichaeism‚ Zoroastrianism‚ and Buddhism. • The stirrup spread though out the Silk Road. It allowed riders to be much more stable and thuscaused military innovation. i.e. the superiority of the Tang calvary in China. The Indian Ocean
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