Group: 5Vi Number: 1550633 Name: Estefania Gutierrez Sanmiguel Team: 4 Review Questions Chapter 3 1 What roles do GAAP‚ the FASB‚ and the PCAOB play in the financial reporting activities of public companies? 2 Describe the purpose of each of the four major financial statements. The purposes of each of the 4 major financial statements are: Income Statement—the purpose of the income statement is to provide a financial summary of the firm’s operating results during a specified time period. It includes
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Chapter 3 Analyzing Bank Performance 1. Which of the following is not a characteristic of a typical commercial bank? a. Most banks own few fixed assets. b. Most banks have a high degree of operating leverage. c. Most banks have few fixed costs. d. Many bank liabilities are payable on demand. e. Banks generally operate with less equity capital than non-financial firms. Answer: b 2. Bank assets fall into each of the following categories except: a. loans. b.
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Chapter 3 Multiple Choice 1. What is externality a. Looking at a problem from an external view b. A private behavior that has broader social consequences* pg 56 c. Weighing the costs and the benefits of a decision d. F 2. Who deals with externalities in a market economy a. The government* pg 56 b. Local businesses c. Volunteers d. Individuals 3. Which one of these can you have property rights on a. House b. Car c. Inventions d. All of the above* pg 66 4. What is the average cost of bringing a new
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In chapter fifteen‚ Atticus Finch goes at night to the Maycomb Jail to guard Tom Robinson. Scout‚ not knowing the true intentions of the men‚ runs from her hiding spot into their circle and attempts to make small talk with Walter Cunningham. After she speaks‚ Walter tells the men to get back in their cars and go. This is a powerful scene because it shows that there is good in everyone and that the things people share are more important than the things that divide them. She talked with Walter about
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Chapter 3 Module Review Questions 4/17/2012 1. Which features of organizations do managers need to know about to build and use information systems successfully? What is the impact of information systems on organizations? * Define an organization and compare the technical definition of organizations with the behavioral definition. The technical definition of an organization is a stable‚ formal social structure that takes resources from the environment and develops them to outputs. The
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Chapter 1 • Archaeoastronomy and the Sun 3 Sites (Newgrange‚ Sundagger‚ Stonehenge) Newgrange’s roofbox is aligned to the winter solstice sunrise 2) the alignment of the tome likely reflects a belief in rebirth or reincarnation • The Sundagger of Chaco Canyon (~1000 AD) 1) On the summit of Fajada Butte in New Mexico‚ 2 spiral carvings were found behind 3 stone slabs 2) At noon on the solstices and equinoxes‚ the Sundagger exhibits 2 beams of sunlight which either bisect or frame the spirals
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I do not agree with the statement and i think that Attticus is not "total failure as a parent". Although he is not the perfect role model parent‚ he is very responsible and easily gained the trust of Jem and Scout‚ something essential in every parent-child relationship. Also‚ even though he is a single parent‚ he tries his best to raise Jem and Scout to be moral and respectable people. Atticus incorporated good moral values into Jem and Scout by acting as a good role model to them and strongly
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Chapter 2 1. What is the name of David’s community? Who built it? What position does his family hold because of this? The name of David’s community is Waknuk. It was built by Elias Strorm‚ David’s grandfather. Since David’s family made the community‚ they hold the highest position in making the rules and orders of the community. 2. What are the two books that are left to form the society? What kind of society have they created? The two books left to form the society are the Bible and
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“As the Cunningham’s had no money to pay a lawyer‚ they simply paid us with what they had. ‘Did you know‚’ said Atticus‚ ‘that Dr. Reynolds works the same way? He charges bushels of potatoes for delivery of a baby…’ as said in Chapter 2 of To Kill a Mockingbird. This connects to the historical reality at the time because‚ it is true many folks did have to pay for things with food or belongings because they had no money. Many people may argue however‚ saying that “oh city folks didn’t
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I am reading To Kill a Mockingbird by Harper Lee and I am on page 376. These chapters are about the ending of the book‚ and how the significant events that happened intertwine with the main plots and lessons that To Kill a Mockingbird taught the reader. In the beginning of the chapters the reader is brought into shock with the dreadful news about Tom Robinson’s death. As time passes by summer ends and Dill returns home. Once school starts Jem and Scouts life begins to return back to normal; following
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