Accounting homework (Chapter 4) Discussion Questions 4.2 Why do you think it’s important to keep separate the transactions made by the business and its owner? Give an example of a personal transaction that has implications for the business entity. According to entity concept‚ every type of entity – sole trader‚ partnership‚ company and trust – must keep records of its business transactions separately from any personal transactions. Personal transactions are transactions of the owners‚ partners
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1. | | Discuss the major principle that describes recording revenues.The revenue recognition principle states that we record revenue in the period in which we earn it. | | | 2. | | Discuss the major principle that describes recording expenses.The matching principle states that we recognize expenses in the same period as the revenues they help to generate. | | LO1 | 3. | | Samantha is a first-year accounting student. She doesn’t think it matters that expenses are reported in the same
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Is Trust Assumed When Working in Teams or Does Trust Have to be Earned Among the Team Members Management June 18‚ 2008 Is Trust Assumed When Working in Teams or Does Trust Have to be Earned Among the Team Members Is Trust Assumed When Working in Teams or Does Trust Have to be Earned Among the Team Members Research shows trust between team members is dynamic. “Trust grows as the relationship between you and your team develops through shared experiences. Creating this relationship
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Chapter 5 Assignment 1. What is energy? What are the three forms of energy? Energy is the capacity to do work. There are four types of energy according to the powerpoint. They are Kinetic energy (energy of motion)‚ potential energy (stored energy)‚ thermal energy (heat)‚ and chemical energy (potential energy of molecules). 2. State the First and Second Laws of Thermodynamics. Include entropy in your explanation. The first law states that energy can neither be created nor destroyed it can
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Module 01 Homework Assignment Use the information presented in this module along with additional outside research to answer the questions: 1. Describe how applied microbiology is used to improve aspects of life and the environment. Microbiology is the study of microorganisms (VanMeter‚ VanMeter‚ & Hubert‚ n.d.‚ p.3). These are all of the things not visible to the human eye. With the study of microbiology‚ it enables us to find things such as viruses and bacteria. This is helpful because
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Module 5 Homework Assignment CRJ 100: Introduction to Justice Administration Jeniel Coombs June 28‚ 2013 Allied American University Author Note This paper was prepared for Introduction to Justice Administration 100‚ Module 1 Homework Assignment taught by Walter Witham. PART I: SHORT RESPONSE 1. Jurisdiction is the authority of a court to hear and decide cases. There are several types; a few are Appellate Jurisdiction‚ General Jurisdiction‚ Subject Matter Jurisdiction and
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Present value is where the value on a set date of a future payment is discounted to reflect the time value of money and other factors. This can also apply to a series of future payments. Present value calculations are commonly utilized in business and economics to provide a way to compare cash flows at different times. Present value can be described as the current worth of a future sum of money or stream of cash flows given a specified rate of return. (http://www.getobjects.com) Future cash flows
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OF PAPER The Value of Money Reggnia Gilchrist Argosy University LASA 1 Time Value of Money A. The future value of a dollar amount put into a savings account reflects what we expect the value of the dollar amount to be in a fixed amount of time‚ or how we expect the money to grow. Growth or in this case savings account‚ the interest rate paid‚ is the amount that we have deposited. Mary has been depositing $500 in her savings account for the last 19yrs‚ which earned %5 per year‚ compounded
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Holiday’s homework Class IX 1. Is potential energy a vector or a scalar quantity? 2. A train travels at a speed of 60 km/hr for 0.52hr‚ at 30 km/h for the next 0.24hr and then at 70 km/h for the next 0.71h.What is the average speed of the train? 3. Plot the distance – time graphs a) When the body is at rest b) When the body is moving with a uniform speed c) When the body is moving with a non-uniform speed. 4. The brakes applied to a car produced an acceleration of 6 ms-2 in
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activities. A lot of kids aren’t very athletic and don’t have anything to do after school. With an activities program running between 3 and 6 PM‚ kids not in sports could have three hours of fun and still be able to make it home in time for dinner and homework. The activities could include kickball‚ darts‚ relay races‚ drama‚ science club‚ and debates. Some people might think that it would cost the school and parents too much money to provide these activities‚ but a fee of fifty cents to a dollar
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