QUIZ CHAPTER 3 ACTG 500 BE 161 Prepare adjusting entries for the following transactions. Omit explanations. 1. Depreciation on equipment is $800 for the accounting period. 2. There was no beginning balance of supplies and purchased $500 of office supplies during the period. At the end of the period $80 of supplies were on hand. 3. Prepaid rent had a $1‚000 normal balance prior to adjustment. By year end $600 was unexpired. Solution 161 |1 |Depreciation Expense
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Look at Merton’s Modes of Adaptation. Give at least one example of how someone‚ perhaps someone in the criminal justice system‚ uses each mode. Robert K. Merton’s "Social Structure and Anomie" (1938). People adapt in many different ways. Just as part of a river that suddenly finds it‚ self blocked by an obstacle and may split and find a new way to the ocean. Merton outlines five ways in which people adapt to society’s goals and means and they are as follows: 1) Conformity - Adherence to the practices
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Kyle Jarman Group B Topic 4: Adjusting Entries What are the 4 different Adjusting Entries?: Adjusting entries are classified as either deferrals or accruals. Each class has two subcategories: Prepaid Expenses‚ Unearned Revenues‚ Accrued Revenues and Accrued Expenses. What accounting assumptions necessitate the use of adjusting entries?: Some events are not recorded daily because it is not efficient to do so. Some costs are not recorded during the accounting period because they expire
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Mean‚ median‚ and mode are differing values that furnish information regarding a set of observations. The mean is used when one desires to determine the average value for data ranked in intervals. The median is used to learn the middle of graded information‚ and the mode is used to summarize non-numeric data. The mean is equal to the amount of all the data in a set divided by the number of values in that set. It is typically used with continuous figures. The result will probably not be one of the
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Barriers to entry are economic‚ procedural‚ regulatory‚ or technological factors that obstruct or restrict entry of new firms into an industry or market. Barriers to exit are perceived or real impediments that keep a firm from quitting uncompetitive markets or from discontinuing a low-profit product. 2. Types of barriers: Innocent barriers are those that are part and parcel of the nature of the industry and have not been specially erected by the incumbents to hinder the entry of other firms
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cosmetics and other perfumes. However‚ only seven firms control 95 % of the market share. These firms are Unilever‚ Keya Cosmetics‚ Kohinoor Chemical Company‚ Lily Cosmetics‚ Marks & Allys Ltd.‚ Aromatic Cosmetics Ltd. and Squares Toiletries. An analysis of market share of soap‚ cleaning detergent‚ laundry detergent and detergents of major cosmetics and toiletries firms in Bangladesh reveals that Unilever Bangladesh plays the dominant role in the market. Global market researcher ACNielsen recently surveyed
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In The Entry into Jerusalem‚ the biblical narrative of Zacheus displays the theme of equality in the ministry of Jesus Christ. The dramatists portray the socially-constructed hierarchies that reflect economic and physical stature as irrelevant to religious doctrine. Regardless of the characters’ social status in the Jewish community‚ Christ perceives all of the citizens as equal to their peers and inferior to the sovereignty of God. The dramatists characterize Zacheus as a citizen who is vulnerable
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“JOURNAL ENTRIES” a. JIL made initial cash investment. Cash XXX JIL‚ Capital XXX b. JIL made an additional investment‚ Equipment. Equipment XXX JIL‚ Capital XXX c. Purchased equipment on account. Equipment XXX Accounts Payable XXX d. Purchased equipment for cash. Equipment XXX Cash XXX e. Purchased supplies on account. Supplies XXX Accounts Payable XXX f. Purchased supplies for cash. Supplies XXX Cash XXX g. Rendered services on account. Accounts receivable XXX Service
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USA: Porter’s Five Forces Analysis -----------------------4 2.2 Actvision Blizzard: BCG Portfolio Analysis ---------------------------------------------5 3.1 Ice Cream Market in Singapore: Strategic Group Analysis --------------------------6 3.2 Unilever: Resources and Capability Analysis -----------------------------------------7-8 4. References ----------------------------------------------------------------------------------------9 1.1 Video Game Industry in the USA The video
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Change at UNILEVER Unilever is an Anglo–Dutch multinational consumer goods company. Its products include foods‚ beverages‚ cleaning agents and personal care products. It is the world ’s third-largest consumer goods company measured by 2011 revenues and the world ’s largest maker of ice cream. Unilever is a complex organization. Unilever has two holding companies: Unilever PLC‚ which has its registered office at Port Sunlight in Merseyside‚ United Kingdom and its head office at Unilever House in
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