inventory‚ salaries‚ and material‚ and revenue is generated through sales. When revenue are higher than the expenses‚ the company has an operating profit‚ and the company has an operating loss when the expenses exceed the operating revenue. 2) The accounting equation (A=L+SE) is a fundamental business concept. Explain what this equation reveals about a company’s sources and uses of funds and the claims on company resources. The equation reveals how heavily dependent a company is on debt versus owner
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Chapter I THE PROBLEM AND ITS SCOPE INTRODUCTION Rationale The rapid growth of technology contributed a lot to the progress of all classification of industry. Nowadays‚ the use of technology has been an effective tool on improving such kind of enrollment system. Enrollment is the process of entering and verifying data of student to register on particular school. Enrollment System is a good example of a computer generated process. The computerized enrollment system will provide the needed and
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Do you ever think why young people solve they problems in violence? Did you ever think that in some how violence effects almost every kid in America everyday. Teen violence is getting worse and worse as the years go on. More fights‚ more killings. It is just getting out of hand. People say why is violence they answer to everything? Its the answer because that is all we ever knew. Teen violence is such a major problem because since we were young thats all we knew. From TV shows‚ to movies‚ to
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Chapter 12 Genomes Study Guide By: Divya Prakriya Concept 12.1 : There are powerful methods for sequencing genomes and analyzing gene products. • The goal of sequencing genomes is to identify mutations in DNA and relate them to phenotypes (ie. Understanding genetics) • Human Genome Project- 13 year project‚ used chemically modified nucleotides • Next generation DNA sequencing- uses miniaturization techniques 1st developed for electronics industry‚ as well as principles of
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Chapter 9 — Test 1 Note: Most questions can be placed in more than one of the four achievement categories. The achievement chart designation provided here indicates the category that is predominant within the question. 1. For each of the following‚ choose the most appropriate response. 1) A one-year insurance policy was purchased for $960 on July 1‚ 20-1. On December 31‚ 20-1‚ it had an unexpired value of: a. $240. b. $480. c. $560. d. $400. e. none of the above. 2) The accountant
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chapter 3 Exe# 6 In question direct labor hours is not given‚ we can find D.Labor hours through this formula Direct labor cost = 40000 = 6250 Hours Per D.Labor hours rate 6.40 1) Prime Cost (2) Conversion Cost Material opening 24000 Direct labor 40000 + purchase 56000 FOH Applied Material available for use 80000 6250 Hours@ 8 50000 - Material ending (20000) Conversion cost 90000 Material used 60000 + Direct labor 40000 Prime Cost 100000
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CHAPTER 19 ACCOUNTING FOR INCOME TAXES Multiple Choice 1. Major reasons for disclosure of deferred income tax information is (are) a. better assessment of quality of earnings. b. better predictions of future cash flows. c. that it may be helpful in setting government policy. d. all of these. 2. Taxable income of a corporation a. differs from accounting income due to differences in intraperiod allocation between the two methods of income determination. b.
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CHAPTER 12 & 14 REVIEW INCOME DISTRIBUTION‚ POVERTY‚ AND DISCRIMINATION Wealth: Income: What you own minus what you includes pay checks or wages‚ gov check‚ or Owe (includes hat you have in the dividend check or profit from selling an Bank and assets you own) investment (can have neg. income) Lorenz Curve= a graph of the actual cumulative distribution of income compared to a perfectly equal cumulative distribution of income *for the US‚ income is NOT equally distributed
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UNIVERSITY OF THE EAST College of Business Administration-Manila UESONs’ PRE-MIDTERM EXAM -FUNDAMENTALS OF ACCOUNTING 1&2- NAME: ___________________________ SECTION: ___________ CELL LEADER: ______________________ WS: ___ CG: ___ SS: ___ DIRECTION: Write your FINAL ANSWERS on the ANSWER SHEET provided. USE CAPITAL LETTERS. NO ERASURES! NO CHEATING! 1. | 26. | 51. | 76. | 2. | 27. | 52. | 77. | 3. | 28. | 53. | 78. | 4. | 29. | 54. | 79. | 5. | 30. | 55. |
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and Economic Performance‚ North discusses the Principle Agent Problem where‚ with more information‚ a seller can make better-informed decisions that will inadvertently or otherwise impact a buyer who remains partially‚ if not entirely‚ ignorant. In order to combat this advantage for the seller‚ the buyer must depend upon institutions in order to level the playing field‚ therein balancing the asymmetry of knowledge that caused the Principle Agent Problem to begin with. With this in mind‚ North fails
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