inventory‚ salaries‚ and material‚ and revenue is generated through sales. When revenue are higher than the expenses‚ the company has an operating profit‚ and the company has an operating loss when the expenses exceed the operating revenue. 2) The accounting equation (A=L+SE) is a fundamental business concept. Explain what this equation reveals about a company’s sources and uses of funds and the claims on company resources. The equation reveals how heavily dependent a company is on debt versus owner
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ADSC 3500L Intermediate Horsemanship Spring 2013 Instructor: Kylee Jo Duberstein Room 210 Edgar Rhodes Ctr for ADS 425 River Drive Athens‚ GA 706-542-7032 kyleejo@uga.edu Course Objectives: This course is designed to be a laboratory class giving students maximal opportunity to gain hands-on experience working with horses. This is a continuation of ADSC 2500L (Beginning Horsemanship) and will go into greater detail of advanced concepts regarding riding‚ training‚ and handling horses
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Chapter 1 Question 1.1 When Mr. Drucker says‚ "Be data literate" he means that one should know how to use data effectively to the company ’s benefit. There are two challenges that one faces in attempting to be data literate. The first challenge is deciding what information to use‚ what is should be used for and how it should be used. The second challenge is how to test and put the data together with the existing information system to make them effective in a company ’s decision process
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Chapter 10 Basic Organizational Design Once managers are done planning‚ then what? This is when managers need to begin to “work the plan.” And the first step in doing that involves designing an appropriate organizational structure. This chapter covers the decisions involved with designing this structure. Focus on the following learning outcomes as you read and study this chapter. LEARNING OUTCOMES 10.1 Describe six key elements in organizational design. 10.2 Contrast mechanistic and
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Chapter 1 Managerial Accounting‚ the Business Organization‚ and Professional Ethics Management accounting produces information for managers within an organization. Financial accounting produces information for external parties‚ such as stockholders‚ suppliers‚ banks‚ and government regulatory agencies. What kind of accounting information do managers need to achieve their goals and objectives? Good accounting information helps answer three types of questions: 1. Scorecard questions 2. Attention-directing
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Chapter 10‚ Section 1: The Pressure to Expand Growth of Imperialism Under imperialism‚ stronger nations attempt to create empires by dominating weaker nations. The late 1800s marked the peak of European imperialism‚ with much of Africa and Asia under foreign domination. Several factors account for the growth of imperialism. Economic factors: The growth of industry increased the need for natural resources. Nationalistic factors: Competition among European nations for large empires was the result
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Chapter 3 Overview of Accounting Analysis 1 Preliminary Topics • Institutional Framework of Financial Reporting includes: (1) Income Statement‚ (2) Balance Sheet and (3) Cash Flow Statement. Balance Sheet analysis: Building Blocks of assets‚ liability‚ debt & equity. Equity=Assetsliability. Book value vs. market value of share. • Corporate financial report is prepared on accrual basis rather than cash basis. Accrual implies economic activities rather than true payment and receipts. • A Responsibility
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Chapter 5: National-Income Accounting Multiple Choice Questions MEASURES OF OUTPUT 1. The primary purpose of the national-income accounts is to assist: A) Market investors in making more profitable investments. B) Wage earners in maximizing their incomes. C) Economic historians to better understand the economic past. D) Government policy makers in formulating economic policies and evaluating performance. Answer: D Type: Definition Page: 93 2. Prices
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ACCT2201 CORPORATE ACCOUNTING Tutorial 8 – Week beginning 5th of May REVIEW QUESTIONS Chapter 15 8. When are potential voting rights considered when deciding if one entity controls another? Potential voting rights are rights to obtain voting rights of an investee‚ such as within an option or convertible instrument. Potential voting rights are only considered if the rights are substantive ie practical or utilitarian. This depends on the terms and conditions associated with the options.
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Chapter 10: Land‚ Public and Private 1. Why do humans value land? Humans value land because it has multiple purposes such as agriculture‚ housing‚ recreation‚ industry‚ disposing waste‚ mining‚ etc. 2. What is the tragedy of the commons? What is an externality? The tragedy of commons is when people share a common resource they tend to deplete is because of self-interest and for a short term profit. 3. What is maximum sustainable yeild? Maximum sustainable yield is the maximum amount of harvest
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