one period of time. | | | |b. estimates should not be made if a transaction affects more than| | | |one time period. | | | |c. adjustments to the enterprise ’s accounts can only be made in | | | |the time period when the business terminates its operations. | | | |d. the economic life of a business can be divided into artificial | | | |time periods.
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Session 2 : Principles of Accounting and Financial Reporting - Chapter Two Quiz 1. Which of the following is a difference between financial reporting for internal service and enterprise funds? (Points : 10) Internal service funds are reported in the governmental fund financial statements. Internal service funds are reported in the proprietary fund financial statements. Internal service funds are generally
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1. What was the idea of ‘balance of power’ as practiced in Europe in the seventeenth and eighteenth centuries? (Short Answer). The idea behind the balance-of-power was mainly to keep the states with their own independence and avoid universal monarchy. States would often form an alliance with the weaker states if “one state seemed to dictate too much” (Palmer‚ Colton‚ & Kramer 2014). Often times the state that did not like what the other state was doing they would build up alliance with the weaker
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Andrew Yamin Scarlet Letter Analysis Loss of Innocence in the Puritan Society In the Scarlet Letter‚ Nathaniel Hawthorne hones in on the contrast between good versus bad and the loss of innocence that defies that line. Hester Prynne is a symbol of shame and sin to the puritan society‚ however she once was an innocent and honorable woman. On page 76‚ Hawthorne repeats the phrase “At her‚ child of honorable parents...At her‚ mother of a babe...At her.” This repetition emphasizes the way Hester
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cost‚ whether they follow the accounting system or not- to know this‚ is the prime objective of this assignment. By gathering the cost information of a company one can analyze it and also can give suggestions to improve their costing system for more profit. Figure: Objectives of the assignment Behind this assignment‚ obviously there have some objectives which must have to be fulfilled. These are- To know about costing system. To know how a company manages their cost.
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is done on the internet related to the goods and services it requires a M-Payment which is done through mobile device in the form of the electronic money which is in the form of software electronic coins‚ hardware electronics coins and background accounts. As the security is one of the relevant factor in the M-Commerce which leads it to become more famous in the different customers than E-Commerce. 1.3 History Of M-Commerce ← Mobile commerce was born in 1997 when the first two mobile-phone
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Final Assessment Question 1 Carey Manufacturing‚ Inc.‚ is considering reorganizing its plant into manufacturing cells. The following estimates have been prepared to evaluate the benefits from the reorganization: Before the change After the change Total annual sales $ 700‚000 $850‚000 Costs as percentage of sales: Direct materials 10% 9% Direct labor 6% 4% Support costs 9% 7% Work-in -process inventory $200‚000 $120‚000 Inventory carrying costs are estimated
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JOB LOSS IN OUR COMMUNITY. Job loss in our community. Victor Alterizio Forest Grove Middle School Project Citizen Term Paper Dr. Fullman January 12‚ 2010 JOB LOSS IN OUR COMMUNITY. TABLE OF CONTENTS PROBLEM IDENTIFICATION……………………………………………………..…..2 INTERVIEW……………………………………………………………………...2 GATHERING DATA…………………………………………………………………….3 IN FLORIDA………………………………………………………………….….3 IN ST. LUCIE COUNTY………………………………………………………...3 EXISTING POLICIES….……………………………………………………………
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Profit Planning and Budgeting: Profit planning: Profit planning can be defined as the set of steps that are taken by firms to achieve the desired level of profit. Planning is accomplished through the preparation of a number of budgets‚ which‚ when brought through‚ from an integrated business plan known as master budget. The master budget is an essential management tool that communicates management’s plan throughout the organization‚ allocates resources‚ and coordinates activities. Budgeting:
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day? By the standards of today? Stakeholders American Indians Fur trade business owners Fur trade workers U.S. government Settlers Treated responsibly by the standards of the day? Yes At this time business was only concerned with profits‚ they honestly probably didn’t realize the ecological harm they were causing and the dramatic impact they were having on Indian populations The danger of working for the fur trade companies was just seen as a risk of the job‚ there weren’t really
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