APPLICATION OF MICROECONOMIC CONCEPTS TO THE ECONOMY BACKGROUND Project Description: In this project‚ you will apply the theories studied in class to analyze the microeconomic forces affecting a business. Each and every data/graph/table should have the Source with it. The contents of your presentation must incorporate concepts from the course. RESEARCH OUTLINE Choose your industry and your company - Brief background of the company. Explain the circular flow diagram and concentrate on each
Premium Supply and demand Cost
CONCEPT OF BEAUTY Beauty. When you hear or read that word‚ there is something that emerges from our mind. I find myself very much perplexed when I am asked “Kinsa imong pinakagwapahan sa atong classmates?”. I dont think there is no one that is “pinaka” among all the human beings but rather Omni beautiful when it comes to beauty . Everyone is beautiful. Everything is beautiful. But how do we call someone or something beautiful? What makes us think that they are really beautiful? How do people
Premium Perception Sense Thought
Marginal Concept Some land might be very good for producing certain crops - rich in nutrients and easy to access and work. This land is likely to be used first for any cultivation because the relationship between the cost of producing the crop and the return gained from selling it will be highest. However‚ land that is not so good will be taken into cultivation if certain conditions allow. These conditions could be a rise in the price of the crop concerned or a means of either reducing the cost
Premium Economics Marginal cost
creditors and the shareholders for decision-making‚ and therefor it is attached great importance of it’s reliable and accuracy. The most crucial element of revenue‚ the criteria of Revenue Recognition Principles‚ has been the most profound topic during the years. A practical convergence of the revenue recognition criteria is urgently needed to solve inconveniences arising from it. In response of these inconveniences‚ the International Accounting Standard Board (IASB) issued International Financial
Premium International Financial Reporting Standards Financial statements
My favorite restaurant concept is to create a restaurant/cafe that is friendly to the environment. The main focus of the restaurant will be to provide foods such as coffee‚ tea‚ pastries‚ sandwitches and at the same time focus on environment conservation. This concept resonates with my personality which is to keep my surrounding environment friendly and sustainable for future generation. Nature is very friendly and one of my dreams is to become friendly to it. The only way to appreciate nature is
Premium Natural environment Biodiversity Sustainability
Practice Exam – 10 Points ACC/490 Auditing Student Name: Multiple Choice – Highlight the best answer Point Value: .25 each 1. Which one of the following is among the three components of audit risk? a. incurrence risk b. occurrence risk c. rejection risk d. control risk 2. The Hochfelder Case is important because it limited auditor liability under: a. the 1933 Securities Act. b. the 1934 Securities Exchange Act. c. common law. d. RICO. 3. Which of the following
Premium Auditing Audit Financial audit
reasonably assured. -Revenues are not recognized at the time of sale‚ but shall be recognized either when the return privilege has substantially expired or when the above conditions are not met. -Accounts are affected by the process of revenue recognition: cash‚ account receivable‚ revenue‚ and unearned revenue. c) Lucent recognized revenue when persuasive evidence of an agreement exists‚ delivery has occurred‚ the fee is fixed and determinable‚ and collection of the resulting receivable‚ including
Premium Revenue Generally Accepted Accounting Principles Double-entry bookkeeping system
One Sole Proprietorship: A business with one owner (and is not a taxable entity) Partnerships: Owned by two or more individuals (also not a taxable entity) Non-business entities: organized for a purpose other than earning a profit Economic Entity Concept: Assuming that everything is accounted for in a business. Personal costs must be separate from the business. Operating Activities: “Day to day” activities Investing Activities: Purchase and sale of long-term assets Financing: Money needed to start
Premium Generally Accepted Accounting Principles Revenue Balance sheet
Homework – Week 4 Desislava Tabakova ACC 403 – Auditing I Professor Ashley Braun Harper November 2‚ 2014 Chapter 7: Problems 7-29(a-g) and 7-33(a-b) Chapter 8: Problems 8-29(a-d) and 8-32(a-b) 7-29 A-G A- Recorded amount of entries in the acquisition journal 1- Documentation--consists of the client’s business documents used to support accounting events. The strength of documentation is that it is prevalent and available at a low cost. Documents can be internal or externally
Premium Balance sheet Asset
DEFINING OOP AND HOW IT CAME INTO BEING. OOP which fully means Object Oriented Programming. It is a programming paradigm that uses object consisting of data fields and methods together with their interaction to design applications and computer programs. The design concentrate on objects upon which functions or procedure itself. Object oriented programming is a very reliable method of programming because the re-usability of code and self contained nature of the program component. Object oriented
Premium Object-oriented programming