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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Adolf Coors Case Questions 1. Why did the U.S. brewing industry consolidate? The U.S. brewing industry consolidated because of declining beer prices but increasing input costs‚ differentiation‚ and intensified advertising. The larger brewers could withstand the pressure of declining beer prices as the demand grew with increasing input costs by expanding distribution and thus‚ their market. They also opened new distribution centers to lower transportation costs. The larger brewers also began differentiating
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1. Explain Nissans strategy in EVs including the Alliance? EVs‚ the electronic vehicle that Nissan brought to the market. This kind of vehicle can use electric energy instead of gas as the power of engine. It is a special new technology which is energy saving. The main strategies include business strategy‚ global strategy and corporate strategy includeing the alliance.
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to participate in collective bargaining‚ from representatives of their own choosing (Connolly‚ 1974). Both parties in this case did claim that it was too cold and drafty at the workstations which were near the opening of the overhead door. The supervisor did refuse to close this overhead door because the other employees wanted to leave this open. Both parties in this case did act weak manner by walking off their job for the rest of the day. This was both employees way of protesting that their workstation
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________________________________________________ Date: _____________ WHAP – Chapter 13 Big Picture & Margin Review Big Picture: 1. Assume for the moment that the Chinese had not ended their maritime voyages in 1433. How might the subsequent development of world history have been different? Is there value in asking this kind of “what if” or counterfactual question? Or is it an irrelevant waste of time? 2. How does this chapter distinguish among the various kinds of societies that comprised the world
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Answers to Questions for Review 1. (Market Structure) Define market structure. What factors are considered in determining the market structure of a particular industry Market structure refers to the important features that determine the level of competition in an industry. These factors include (a) the number of buyers and sellers‚ (b) the products degree of uniformity‚ (c) the ease with which new firms enter or old firms exit the market‚ and (d) the ways in which firms in the industry compete
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Chapter 4&5 1. According to the author‚ what makes the use of grand juries attractive to prosecutors? How does this explain their use when it comes to investigations of controversial militant behavior? 1. Grand jurys have the ability to pursue investigations even when crimes have not been committed. 2. Witnesses called before the grand jury can be aggressively be questioned with no lawyer present. 3. Proceeding by indictment uses the grand jury’s legitimacy and prestige to generate support By
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ANSWERS TO END-OF-CHAPTER 16 QUESTIONS 16-1 The U.S. dollar. The primary reason for using the dollar was that it provided a relatively stable benchmark‚ and it was accepted universally for transactions. 16-2 Under the fixed exchange rate system‚ the fluctuations were limited to +1 percent and -1 percent. Under the floating exchange rate system‚ there are no agreed-upon limits. Currently‚ the 12 countries making up the EMU have their national currencies fixed to the euro; however‚ the
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In Chapter XVI of I‚ Rigoberta Menchu‚ theme-changing issues are raised which lead to turning points in the attitude of Menchu’s dealing with suffering. Issues are raised such as the communal tradition of her people; the realization of oppression through inward comparison; the change from the acceptance of suffering as fate‚ which is unpreventable‚ to the realization of injustice and exploitation as preventable; and finally the road of action that these realizations lead too. The title of chapter
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Health information technology‚ especially electronic health records‚ has the potential to improve the efficiency and effectiveness of health care providers. (Jha‚ DesRoches‚ Campbell‚ Donelan‚ Rao‚ Ferris‚ & Blumenthal 2009‚ page. 1629). According to Jha et.al ( 2009)‚ A survey determining the functionality of the Electronic Health Records was done in acute care hospitals members of the American Hospital Association so using the definition of electronic health records the proportion of hospitals
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