ECON 281 Fall Term Intermediate Microeconomic theory I University of Alberta XiaoGang Che Chapter One Overview 1. Defining Microeconomics and Macroeconomics 2. Microeconomic Modeling Tools • Constrained Optimization • Equilibrium Analysis • Comparative Statics 3. The Types of Microeconomic Analysis • Positive Analysis • Normative Analysis Chapter One 2 Microeconomics Defined Microeconomics is the study of how individual economic decision-makers such as consumers‚ workers‚ firms
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CASES Real World Case 5-1 Requirement 1 A bill and hold strategy accelerates the recognition of revenue. In this case‚ sales that would normally have occurred in 1998 were recorded in 1997. Assuming a positive gross profit on these sales‚ earnings in 1997 is inflated. Requirement 2 A customer would probably not be expected to pay for goods purchased using this bill and hold strategy until the goods were actually received. Receivables would therefore increase. Requirement 3 Sales that would
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Chapter 3 continued... Every acct on adj trial bal is used only once in creating first 3 financial stmts. Point of closing is to bring RE up to date - in doing that‚ we zero out temp accts. 4 kinds of closing entries: 1) close out Revenue - debit Rev CR Income Summ (normal credit bal) (only exists long enough for closing entries) - companies may be closing hundreds of rev or exp accts 2) close out Expense accts - list every single acct DR Income Summ CR Exp accts 3) DR Income Summ
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Unit 2 assignment E1 + E2 Communication and language is essential to communicate‚ whether it be speaking‚ reading‚ or signing to others. From the age of birth babies will use “sound‚ gestures and symbols” (P.Tassoni‚ 2007 pg 44) to communicate to express their needs. For example a baby at the age of 6 weeks will express “cooling‚ making cooling sounds to show pleasure” (P.Tassoni‚ 2007 pg 44) But at the age of 18- 24 months babies will begin to put together two or more words to create a mini
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due process in issuing IFRS. CA1-3 CA1-3 (Financial Reporting and Accounting Standards) Answer the following multiple-choice questions. 1. GAAP stands for: ANS: D) generally accepted accounting principles. 2. Accounting standard-setters use the following process in establishing accounting standards: ANS: (d) Research‚ discussion paper‚ exposure draft‚ standard. 3. GAAP is comprised of: ANS: (d) any accounting guidance included in the FASB Codification. 4. The authoritative
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Should intermediate sanctions be run by traditional probation and prison systems or by new private or public agencies seeking to serve as alternatives to them? List two benefits and two challenges for each of these strategies and provide your own policy recommendation about which one should be used (and why). Overcrowding of prisons and unnecessary incarceration rates is one of the major problems in the United States today. As stated in Chapter 9‚ “ more then 60 billion dollars is spent on corrections
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Week 8 Intermediate Sanctions CJS 230 Intermediate sanctions which include residential facilities like restitution centers‚ work release centers‚ probation and detention centers‚ house arrests‚ electronic monitoring‚ shock incarceration‚ split sentencing‚ boot camps‚ and residential programs of all sorts have become a large part of the correctional system. Intermediate sanctions can offer increased surveillance‚ tighter controls on movement‚ and a more intense treatment for an assortment
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Aqsa Kiran Prof. Moinul Islam 7th Feb‚ 2015 Intermediate Microeconomics PPE-3100 Home Work -1 1. Suppose a teenager has $20 and likes both rap music (R) and country music (C) with a set of preferences so that U = C1/2R1/2. Suppose that the iTunes price of a rap music song is and the price of a country music song is. Find optimum levels of R and C. What is the greatest level of affordable utility (Use Lagrange method)? U = C^1/2 R ^1/2 Constrain = Pc +PR = 20 Applying Lagrange Method
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staff training of AASA 8 Operating Segment! AASB 8 applies to annual reporting period beginning on/after 1 Jan 2009 and supersedes AASB 114 Segment Reporting when adopted. Operating Segments specifies the use of a ‘through the eyes of the management’ approach to an entity’s reporting of information relating to its operating segments in annual financial reports‚ and also requires an entity to report financial and descriptive information about its reportable segments. AASB 8 is applicable to for-profit
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INTRODUCTION Electricity is one of the basic needs of every individual especially in this “digital” era wherein technology has taken place. It is important in houses‚ streets‚ mini-stores up to big companies. With it‚ we enjoy lighting for our home‚ and heat and cooling to keep ourselves comfortable‚ and access to the countless appliances that make our lives better. By powering television and computers‚ it keeps us in touch with the outside world‚ and by powering alarms and security systems‚ it
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