| | Retained earnings at December 31‚ 2012 | 25‚000 | What was the economic effect of the payment of Raymond’s dividends? a. | The dividend reduced net income for 2012. | b. | The dividend should be equal to net income if the company’s accounting equation is in balance. | c. | The dividends reduce total retained earnings for the year. | d. | The dividends must be paid whenever Raymond Corp. reports net income. | __B__ 2. If a company has $152‚000 of revenues‚ declares and pays $55
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decision that test this code. One of the elements that many believe distinguishes a profession from other occupations is acceptance by it members of a responsibility for the interest of those it serves. . Accounting ethics is a field of professional ethics which pertains specifically to accounting. For the public to rely on the information provided there must be a level of confidence in the knowledge and behavior of accountants. The nature of the accountants’ work puts them in a special position of
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ECON 2020 – FINAL EXAM REVIEW Exam 1 Review Scarcity * A situation in which unlimited wants exceed the limited resources available to fulfill those wants. * Scarcity leads to CHOICE Choice * A situation caused by scarcity. * Leads to OPPORTUNITY COST Rational Choice (Marginal Cost & Benefit) * Rational consumers will use all available information as they act to achieve their goals * Marginal Benefit – The benefit that arises from an increase in an activity
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BIO 210 Anatomy & Physiology I Study Guide for Cumulative Final Exam 1. Know the Student Learning Objectives given on the course syllabus. 2. Be able to define: anatomy chemistry positive feedback anabolism physiology biochemistry negative feedback catabolism histology homeostasis metabolism 3. Be able to identify specific examples of homeostasis and negative feedback regulation with blood glucose and calcium levels and blood pressure control. 4. Be able to place each level
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Accountants follow professional guidelines for measurement and disclosure of financial information. These are called generally accepted accounting principles (GAAP). In the United States‚ the Financial Accounting Standards Board (FASB) formulates GAAP. The International Accounting Standards Board (IASB) sets global or International Financial Reporting Standards (IFRS)‚ the two basic types of external providers of capital include investors (who exchange cash for stock) and creditors (who loan cash)
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FINAL EXAM#06044100 PENN FOSTER STUDENT ID# 21877046 What’s required to implement an organization commitment to social responsibility? What are the main obstacles to implementing socially responsible policies? Name specific actions that can be taken toward increased social responsibility. In order to implement an organizations commitment to social responsibility it is necessary to identify values held by society‚ how the organization intends to address‚ and then develop
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evaluate the industry‚ analyze general environment if needed Draw strategic implications of analysis result‚ so what?... Provide conclusion to the industry analysis to show what it all means Five forces model (section 2) Who are the buyers? Includes final consumers as well as other distribution channels (retail stores) * DRAW STRATEGIC IMPLICATIONS..SO WHAT? INTERNAL ANALYSIS Value chain (section 3) Do not just summarize what they are doing‚ but also state their strengths and weaknesses accordingly
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History 570‚ Imperial China Study Guide: 1st Exam Exam Day: Oct. 3‚ 2013 Have a firm grip of the materials in your reading‚ lecture notes‚ and handouts; draw a timeline to put people and events in historical context. In the exam there will be 20 multiple choice questions (60%) and 1 essay question (40%). The exam is in-class‚ close-book. It will be about one hour. I. Study relevant issues concerning the following terms and know their relations: 16 prefectures of Yan-Yun Yue Fei Wen
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Acct 2102 Midterm 1 Study Guide Test Format: Multiple choice questions (42 @ 6.25 points each). Total possible points are 262.5 Maximum grade is 250! The extra points are to compensate for any weakness in the main test instrument and misunderstanding in the question wording. Students need to bring their own scantron. Do not mark your scantron until you have selected your FINAL answer. Eraser marks confuse the scantron grading machine. All adverse consequences of eraser marks and mismarks
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Chemistry Exam Study Sheet Organic Chemistry • Study of compounds to which carbon is the principal element. • Carbon is special because it has 4 bonds. Functional Groups • Organic substances are organized into organic families. • Organic Families – group of organic compounds with common structural features. o Each family has a recognizable physical property and a specific structural arrangement. o Each combination is referred to as a functional group. o Even
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