CheckPoint: Computer Comparison When I compare my computer system to a state-of-the-art computer system I find that there are several similarities and differences. Both computers have the same make up‚ although the state of the art system offers more storage and memory capabilities. Cost is also a big difference as state of the art computer systems are much more expensive due to what they can offer. Along with the technology that comes along with a state of the art system‚ is an ever changing
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CHAPTER 3 THE REPORTING ENTITY AND CONSOLIDATED FINANCIAL STATEMENTS ANSWERS TO QUESTIONS Q3-1 The basic idea underlying the preparation of consolidated financial statements is the notion that the consolidated financial statements present the financial position and the results of operations of a parent and its subsidiaries as if the related companies actually were a single company. Q3-2 Without consolidated statements it is often very difficult for an investor to gain an understanding
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ACC 556 – Financial Accounting for Managers Chapter 1 Homework Due Week 1 and worth 10 points Directions: Answer the following four questions on a separate document. Explain how you reached the answer or show your work if a mathematical calculation is needed‚ or both. Submit your homework assignment using the homework assignment link in the course shell. E1-1 Here is a list of words or phrases discussed in this chapter: 1. 2. 3. Corporation Creditor Accounts receivable 4. 5. 6. Partnership Stockholder
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GOOD LUCK! CHAPTER 1 1. Know the 3 forms of business entities 2. Know the definitions of revenues and expenses 3. Know the difference between internal and external users 4. FASB – responsible for GAAP (accounting principles) 5. Accounting Equation 6. Know the 3 activities that business engage in and give examples of each activity. (These 4 questions also relate to Chapter 12‚ The Statement of Cash Flows) 7. The International Accounting Standards Board is responsible for developing
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CheckPoint: Goal Setting The matching hypothesis is the pursuit of goals that express or fulfill an individual’s needs‚ values‚ motives or self-conception to increase well-being than pursuit of goals that do not fit or match with the person. (Baumgardner & Crothers‚ p. 138‚ 2009). In other words‚ goals that fit a person’s needs‚ values‚ and sense of self are likely to increase well-being while goals that are mismatched with an individual will lead to no change or perhaps even diminish well-being
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Checkpoint: Religion in Schools I am a loyal supporter of the constitutional rights of the people. The first revision makes us certain of our rights to freedom of press‚ religion‚ speech and the entitlement to appeal. I firmly believe that the right to religion constitutes the freedom to worship anywhere. This would incorporate places of worship schools. I believe that it must not be up to the state or school administrators to make a decision religion in schools. If it is correct to practice.
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CheckPoint: The Risk of Macros Name January 20‚ 2012 Even though Macros do it yourself software is ranked as one of Microsoft’s most useful tools to use. Based on the article by Lenning (2005) the primary security risk for users to know using macros is that many of these sites could have many different types of viruses. It is recommended that one should use caution when opening a new document. You should only open and used a trusted because some files can be corrupted and then they will spread
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8/2/2012 Objective of Lecture 2 CLASSIFICATION OF ACCOUNTS & ACCOUNTING EQUATION • By end of lecture 2‚ all students should be able to:(a) Understand the five categories of accounts and able to classify them into the respective categories (b) Understand the accounting equation and the relationship between assets‚ liabilities and owner’s equity. Classifications of accounts • • 1. 2. 3. 4. 5. An account is used to record all information regarding an item. The five major
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CheckPoint: A New House – Readiness Deciding to buy a house is a lifelong goal for many people. Imagine that you are renting a studio apartment and have just discovered you are having a baby. Your present apartment is small and far from schools and local services. You have decided to move. There are many factors that come into play when making such a large and weighty purchase. Examine the decision-making process from the perspective of an economist. In your Final Project‚ you use these principles
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Checkpoint: Police Stress External Stress-This stress is produced by real threats or dangers‚ for example: gun runs and auto pursuits. I believe this type of stress would affect an officer’s job by carrying the fear of being injured or killed in the line of duty. This type of stress would possibly affect an officer’s social life and personal life because of the fear the family has to carry with them of their loved one being in danger on a daily basis. In order to manage or reduce these fears an
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