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
Premium Generally Accepted Accounting Principles Finance Management
allow personal feelings to get involved with how things really should be. Laws change daily and sometimes law enforcement officers‚ prosecution teams‚ and the corrections department don’t always keep up with the new laws and there changes. How do the 2 models of our criminal justice differ? The crime control model and the due process model of the criminal justice system in use today seem only to have one thing in common. That is that each model obviously wishes to control crime. Each model seems to
Premium Criminal justice Crime Law
From the scenarios‚ Lena explained to Chris and Erica that they need to determine how the surrounding restaurants in their selected location can impact their business. Suggest the key steps they should take to make this determination‚ and recommend at least three strategies they can use to differentiate their business from the other restaurants. Chris and Erica have to consider whether existing businesses will compact their new startup in a positive or negative way. Lena recommended that Chris and
Premium Restaurant Customer service Customer
Fee’a Maske Discussion Question # 1 HCS/320 2/18/14 How might technology affect health care communication in providing vital health care information to the public during a management crisis and during a management success? I found a cool article about what is been refer to as mHealth Crisis Management Technology or it has also begin referred to as M.C.R (My Crisis Record.) This form of technology was introduce at the Asian wireless healthcare summit in Singapore by Gerald Theis this is the CEO
Premium Health care Health informatics Medicine
SCM-416_Procurement and Supply Chain Integration Discussion Questions Session #15-Supplier Management - Supplier Total Quality Management 1. According to Monczka‚ what is the correlation between the amount of materials and components that a company outsources‚ and the relative impact that supplier quality has on the overall quality of that company’s final product? According to Philip Crosby the external suppliers are estimated to be responsible for about half of a firm’s product-related
Premium Total quality management Quality management system Management
attempted move to team-based management. As you read through the report‚ pay close attention to the discussion about Harley-Davidson and Shelby Die Casting‚ and their eventual conclusions about how to manage resistance to change. Also‚ keep in mind our OCI material from Week 6 and think about the process from a cultural change perspective. And of course‚ pay close attention to the lessons for top management presented at the end. A few opening topics for this week ’s discussion: 1. Assess the
Premium Management Emotion
Chapter 1 Q1. What are the differences between international‚ global‚ and multidomestic companies? Multinational company : An organization with multi country affiliates‚ each of which formulates its own business strategy based on perceived market differences. Global company : An organization that attempts to standardize and integrate operations worldwide in all functional areas. International company : Either a global or a multi domestic company Q2. Give examples to show how an international
Premium International trade
------------------------------------------------- Top of Form Bottom of Form KMGT-670‚CORPORATE FINANCE 1.201360-21 (UKL1.60077.201360) > WEEK 2 > DISCUSSIONS | | ------------------------------------------------- Discussions | How to Respond to the Discussion QuestionsYou must submit your initial response to the Discussion Question below by the end of Day 3 (Saturday). A typical answer should have about 500 words‚ but it is the quality of the answer that matters‚ not the number
Premium Citation Parenthetical referencing Question
Review and Discussion Questions 1. Is the goal of Six Sigma quality realistic for services such as Blockbuster Video stores? The goal of Six Sigma is realistic in service settings like Blockbuster video stores. Quality standards may be hard to create because it is subjective to customer perceptions. 2. “If line employees are required to work on quality improvement activities‚ their productivity will suffer.” Discuss Quality improvement and productivity do work inversely of each other. Quality
Premium Six Sigma Production and manufacturing Quality assurance
This work MGT 401 Week 2 Discussion Question 2 Scenario contains solutions to the following tasks: "Isopropyl alcohol (I.P.A.) has a flash point of 53 degrees Fahrenheit. The outside temperature is 68 degrees Fahrenheit. While this product is being unloaded from a truck‚ several cases fall to the floor and the product spills. Several large pieces of machinery and a welding operation are running nearby. Is there a potential danger from fire in this scenario? Justify your response. Respond to at least
Premium Ratio Temperature Case study