Basic Accounting Concepts and Business Structures Rose Latifi ACC 537 November 10th 2012 Professor Joh David Basic Accounting Concepts and Business Structures Generally Accepted Accounting Principles (GAAP) and Related Hierarchy The common set of standards and procedures is called generally accepted accounting principles (GAAP). Four organizations are instrumental in the development of financial accounting standards (GAAP) in the United States: 1- Securities and Exchange Commission (SEC)
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Part A – Microeconomics: Question 1: Indicate whether each of the following changes in price cause total revenue to increase‚ decrease or remain unchanged? Explain why. (2 marks each) a Price falls and demand is elastic; b Price rises and demand is elastic; c Price falls and demand is unitary elastic; d Price rises and demand is unitary elastic; e Price falls and demand is inelastic. Question 2: a Define‚ describe and illustrate with a diagram‚ one opportunity cost
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result. Research Question: 1. How the efficiency of the online enrollment system does affect the student of the Ateneo De Davao University - College Unit? 2. What is the relevance of the efficiency of the online enrollment in Ateneo de Davao University? 3. Which process should be immediately improved to make the online enrollment efficient? 4. Is there an immediate need of widening the online coverage of enrollment system? Importance/Benefits: The importance of this research study is
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Contract Elements Business Law is an interesting topic‚ especially when contracts are the subject of discussion. Contracts can obligate a party to perform a task‚ stop performing a task. They can be a guideline on a specific business sale or as simple as ordering something online. When things go wrong and contracts are claimed to be broken‚ the first thing we look into is whether it was a valid contract to begin with. For a contract to be considered valid there are 4 main elements it must contain
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The Absolutely True Diary of a Part-Time Indian Lesson Plan Unit Jaclyn Ippolito English Methods Professor Cella 5/12/08 “There is another world‚ but it is in this one.” – W.B. Yeats The Absolutely True Diary of a Part-Time Indian by Sherman Alexie Individual Unit Plan Grade/Course: 8th grade ELA class Unit Length: 5 Weeks Educational/Classroom Culture: Small suburban school in Upstate New York Approximately 25 kids per class Mixed ability levels Single‚ 50 minute periods Novel
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ANSWERS TO CONCEPT CHECKS‚ FINANCIAL PLANNING PROBLEMS AND QUESTIONS‚ AND CASES CONCEPT CHECK ANSWERS Concept Check 1-1 (p. 7) 1. What personal and economic factors commonly affect personal financial decisions? Personal financial decisions are affected by personal factors such as income‚ household size‚ age‚ and personal value. Economic factors that affect personal finance include global business activities‚ inflation‚ and interest rates. 2. For each of the following situations‚ indicate if
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Chapter 3 SOUTHWESTERN UNIVERSITY: A DisQ - 1) Activity Mean S.D. Variance T.a=30 3.33 11.11 T.b=60 10.00 100.00 T.c=65 8.33 69.39 T.d=55 11.66 136.10 T.e=30 1.67 2.78 T.f=0 0.10 0.00 T.g=30 1.67 2.78 T.h=20 3.33 11.11 T.i=30 6.67 44.44 T.j=10 0.67 0.44 T.k=0 0.10 0.00 T.l=30 6.67 44.44 Critical Path= A-C-D-G-H-I-L (260 Days) Variance of critical path = 11.11 + 136.1 + 2.78 + 11.11 + 44.44 + 44.44 + = 319.37 S.D of critical path=17.87 days DisQ - 2) P(t< or = 270) P(Z< or = (270-260/17
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of different types of organisations and in outcome 1.2 demonstrate the level to which a business organisation meets the goals of different stakeholders and finally in the outcome 1.3 explain the responsibilities of an organisation and tactics used to achieve them. I am also going to give examples based on my own personal experience. Lo1.1 Identify the purposes of different types of organisation Business organisations can be divided mainly into two sectors: The public companies including
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Research Methodology Kiran Iyer Roll Number – 32 MMM Batch-1 JBIMS Question 1 – Make up 3 different situations in which Motivation to work could be an independent‚ intervening and a moderating variable. Example of Motivation as Independent variable: “At a call centre‚ quality of solution provided to a inbound customer is dependent on the level of motivation & know how of the call centre employee responding to the call” Dependent variable - Quality of solution provided. Independent variable
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items: 1. Prepare an “as if” income statement for 2008 assuming (1) no change in accounting policy and (2) sales of 10‚000 mower units each quarter at a price of $2‚000 per unit with Selling‚ General and Administrative costs the same as they were in 2008. 2. How would this change if the unit sales pattern was 10‚000 units‚ 5‚000 units‚ 20‚000 units‚ and 5‚000 units in the four quarters? Why? 3. Assume 10‚000 units are sold each quarter in 2008. If the company adopted FIFO on January 1‚ 2008
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