Sou SOLUTIONS TO EXERCISES EXERCISE 18-1 (15-20 minutes) (a) Huish could recognize revenue at the point of sale based upon the time of shipment because the books are sold f.o.b. shipping point. Because of the return policy one might argue in favor of the cash collection basis. Because the returns can be estimated‚ one could argue for shipping point less estimated returns. (b) Based on the available information and lack of any information indicating that any of the criteria in FASB Statement
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Chapter 7 Commerce and Culture Different areas and environments such as highlands‚ steppes‚ farmlands‚ islands‚ mainlands‚ valleys‚ mountains‚ deserts‚ and forests all generate different products Some societies were able to form monopolies on a certain good like silk in China This uneven distribution of goods and resources are what drives trade In the period of 500 to 1500 long distance trade became more important than ever before in linking and shaping distant societies and people Trade was
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Drucker: Chapter 7 – The Objectives of a Business The emphasis on profit can misdirect a manager and endanger business survival by: Undermining the future Push the easily sold line to the detriment of others Short-change research‚ promotion and other postponable investments Delay capital spend as it could effect the bottom line leading to obsolescence of equipment Management is the balance of a number of business needs and goals this requires judgement. Objectives are needed in every area where
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Macroeconomics‚ 5e (Hubbard) EC 212 – Chapter Nine Homework Assignment_SOLUTIONS Chapter 9 Unemployment and Inflation 1) Due to slowing growth in China and other developing countries‚ Caterpillar ________ the number of persons it employed in 2013 and this ________ the total number of persons unemployed in the economy. A) decreased; increased B) decreased; decreased C) increased; decreased D) increased; increased Answer: A Diff: 1 Page Ref: 629/263 Topic: The Unemployment Rate Learning Outcome:
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EGT1 - Economics and Global Business Applications Course of Study This course supports the assessments for EGT1. The course covers 7 competencies and represents 4 competency units. Introduction Overview You will learn the concepts and tools needed to make optimal decisions such as the following: marginal analysis; supply and demand; competition; anti-trust laws and government regulations; international business environment; international trade; global operations; and cultural sensitivity
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CHAPTER 2 The Financial Statements BRIEF EXERCISES BE2–1 2008 2008 2008 Beginning Ending Retained 2008 2008 2008 Retained Earnings + Revenues – Expenses – Dividends = Earnings $28.2 + $43.3 – $38.2 – X = $30.6 X = $2.7 2008 Dividends as a percentage of 2008 net income: 2008 Dividends = $ 2.7 = 52.9% 2008 Net income ($43.3-$38.2) $ 5.1 BE2–2 1) Current Liabilities financed $32 billion of the
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Chapter 7- Outline IntroductionA. Mid 9th century losing control1. Rebellious governors2. New challenging dynastiesB. …but still creative – ironically – a golden age without political stability1. architecture2. fine arts3. literature4. philosophy5. mathematics and scienceC. Territorial growth – warriors‚ traders‚ wandering mystics1. political conquest2. peaceful conversionD. Conduit for exchange – between urban/agrarian centers and between nomadic peoples1. ideas2. plants and medicines3. commercial
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CHAPTER 2 AN INTRODUCTION TO COST TERMS AND PURPOSES 2-20 (15–20 min.) Classification of costs‚ manufacturing sector. Cost object: Type of car assembled (Corolla or Geo Prism) Cost variability: With respect to changes in the number of cars assembled There may be some debate over classifications of individual items‚ especially with regard to cost variability. |Cost Item |D or I |V or F | |A
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special equipment is a sunk cost and is not relevant to the decision. The common costs are allocated and will continue regardless of whether or not the racing bikes are discontinued; thus‚ they are not relevant to the decision. Alternative Solution: |
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= -6‚15 Cr.n = 0.Ct8 @ C‚- = 0 X6gic=0.3 Finci: The trim litt coefficient and the stick fixed neutial point. r^ umlUL-o t‚gto. t.‚rflcg .A dC‚_ ’*’t Lrrncg ’lrltn ‚a ‚ = um@C’- = 0 * =+ 9ct .. *L d6t C‚.n = S cg Therefore 0 = 0.08 - O‚iS t\.‚* 0.08 n f^ t-L_-. =oJ€=u’cr Inm hler"rti"al Point df:. x_(’g dC‚.E x..^ ul’ t_ YXdC "NP .’cg "-m f’lF’*. v.u ! v. rv‚ ._ ne-1_n1q\ C i0 l: v "Nlrf 2.2 ‚r ar -
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