Financial Accounting 1. Obligation of business that represents the claims of these against the assets of the less cash is called? A. Asset B. An expense (WA) C. Revenue D. An equity E. Liability 2. Net income results when A. Assets > liability B. Revenue = expenses C. Revenue > expenses D. Revenue < expenses E. None 3. Resources owned by a business are referred to as A. Stockholders equity B. Liability C. Assets D. Revenue (WA) E. None 4. Expenses are incurred
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information is shared pertaining to not only to his own life‚ but to the society and culture of Ancient Greece as well. He was born around 460-455 BC and through his life he wrote one of the most in depth recordings of the Peloponnesian War entitled‚ History of the Peloponnesian War. Not only did Thucydides live within the wartime period‚ he also fought in this war as well as a military general. The efforts that Thucydides contributed during his life‚ make his works‚ even now so important in order to understand
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Chapter 2 Questions 2-1. I agree with this statement. I would also like to add that cost behavior is also identifying the key resources that are performed‚ resources used in performing these activities‚ costs of the resources‚ and what the cost is driven from. 2-2. Two rules of thumb when analyzing cost behavior are to manage what the company manufactures‚ sells‚ and to give advice as to where costs can be reduced. 2-3. Three examples of a variable cost are a 12% increase in the production of
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Charlie Barnet was one of the first to integrate his band. Glenn Miller successful band leader. Signature music: "In the Mood." Played trombone in the Dorsey brothers. Played in Ben Pollack’s band. Bud Powell piano‚ instrumental in the development of bebop. Kenny Clarke House drummer at Minton’s playhouse. Jay McShann pianist and band leader; his band features the likes of Ben Webster and Charlie Parker. Swing Street reference to 52nd street which hosted major jazz clubs during
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Perspective Today’s the day that I have been dreading to come and I cannot believe that it is finally here. Being out with Katniss is just about the only thing to calm me down and hide my nerves. Walking around the district today just has me realize how horrible everything has truly become. After being with Katniss this afternoon I started really begin freaking out. I told her that she would be fine and that she had nothing to worry about but on a day like this that isn’t possible‚ nobody is in the
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1. What does employment-at-will mean? Employment at will essentially means that an employer can basically fire an employee for almost any reason‚ which includes no explainable reason at all‚ and employers are not legally guilty of any wrong for the discharge of employees under this policy. Halbert and Ingulli (2012) define employment-at-will as giving employers broad discretion to fire employees “for a good reason‚ bad reason‚ or no reason at all.” 2. In legal terms‚ why did Milton lose his case
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To what extent and why did religious toleration increase in the American colonies during the seventeenth and eighteenth centuries? Answer with reference to three individuals‚ events‚ or movements in American religion during the seventeenth and eighteenth centuries. People went to America to search for religious freedom and to escape religious persecution. They came from all of the world and so with it came religious diversity. As a result‚ religious freedom began to replace religious persecution
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Research questions What was King Henry’s fateful decision on how he would maintain his dynasty? During Henry’s rule he was faithful and devout to the church. But then Henry knew that his health was failing and that he needed to secure his dynasty before it was too late. He needed a male heir to succeed his throne after he died. To do this he needed to divorce his wife Catherine who was said to not be able to give birth again. So to protect his dynasty he decided that he needed to get divorced and
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Class Discussion 1. Dartmouth Inc’s latest net income was $1‚250‚000‚ and it had 225‚000 shares outstanding. The company wants to pay out 45% of its income. What dividend per share should it declare? 2. Garcia Industries has sales of $200‚000 and accounts receivable of $18‚500‚ and it gives its customers 25 days to pay. The industry average DSO is 27 days‚ based on a 365-day year. If the company changes its credit and collection policy sufficiently to cause its DSO to fall to the
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000 What would be the marginal and average tax rates for a corporation with an income level of $100‚000? Taxes = (0.15 × $50‚000) + 0.25 × ($75‚000 − $50‚000) + 0.34 × ($100‚000 − $75‚000) = $22‚250 Marginal tax rate = 34% Average tax rate = $22‚250/$100‚000 = 0.2225 = 22.25% The year-end 2010 balance sheet of Brandex Inc. listed common stock and other paid-in capital at $1‚100‚000 and retained earnings at $3‚400‚000. The next year‚ retained earnings were listed at $3‚700‚000. The firm’s net income
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