Michael Lioy Final Exam Managerial Economics 1. a. If consumers suddenly have more disposable income‚ they will be willing to spend more on an apartment. Prices will rise (outward shift of the demand curve) and there will be a higher equilibrium point with supply. b. Taxes have a negative effect on consumer spending and the demand of apartments (inward demand shift). There will also be a lower equilibrium price with the apartment supply. c. Assuming that we are using real world prices‚ $200
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UNIVERSITY OF MARYLAND UNIVERSITY COLLEGE PRINCIPLES OF ACCOUNTING I ACCT220 FUN QUIZ FIVE: CHAPTER FIVE I. Multiple Choice. Select the best lettered answer for the number question or best lettered completion for the numbered partial statement. Record the letter next to the number. 1. _____ In a perpetual inventory system‚ cost of goods sold is recorded a. on a daily basis. b. on a monthly basis. c. on an annual basis. d. with each sale. 2. _____ Jake’s Market recorded the following
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PART 1: Chapter IV 2) On page 43‚ Winston states that “it was not even forgery. It was merely the substitution of one piece of nonsense for another.” Explain what he means by this. He means that because there was no laws in oceania‚ Forgery did not exisit he was just simpily changing the words into a new language or a different language. 3) What does “vaporized” mean? What is an “unperson.” Vaporised means to disappear into thin air. In 1984 when you are vaporised you are killed and all
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SUMMARY: Tom Jones receives two letters in this chapter. The first one is from Lady Bellaston. She tells him she should despise him for his behavior at her house and for loving a country girl. She also warns him that she can hate as passionately as she can love. While Mr Jones was thinking how to reply to the letter‚ Lady Bellaston walks in with her dress in disarray. She asks if he has betrayed her‚ and he promises her on his knees that he has not. Suddenly Partridge announces Mrs. Honour’s arrival
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reinforces does Salatino use to motivate his sales people? Salatino uses every ones favorite reinforcements‚ money! Money is considered a secondary motivator because its not considered a basic human need. Saltaino uses commissions ranging between 5% and 12% as an incentive motivate his employees to make sales. This secondary motivator is a positive motivator because money is why people have jobs and careers. 2. What kind of reinforcement schedule is used by Great Northern American to pay
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Chapter 12 Fundamentals of Management Control Systems Solutions to Review Questions Accounting assigns costs and revenues to “responsibility centers” that correspond to the decision authority of managers. This allows the firm to measure performance based on the results of decisions by the manager. An effective corporate cost allocation system separates the results of decisions by corporate managers from those of business unit managers. Although there are well-developed standards for many
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ANALYSIS TOOLS Darlene Jaques AIU Online ABSTRACT In this paper you will learn about an unusual or conflicting accounting principle that has impacted Apple Inc. We will review and analyze the organizations published accounting statements of the last two years. Well will also be identifying the core functions of each department‚ their strengths and weaknesses‚ and make recommendations for improvement it is needed. Then we will identify and describe the underlying problem or conflict and compare
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a) Journalize the above transactions | | | | | | | Date | Account Titles and Explanation | Debit | Credit | 2011 | | | | Dec. 5 | Cash | 90 | | | Service Revenue | | 90 | | Unearned Service Revenue | 60 | | | Service Revenue | | 60 | 8 | Cash | 300 | | | Accounts Receivable | | 300 | 9 | Cash | 750 | | | Unearned Service Revenue | | 750 | 15 | Accounts Payable | 50 | | | Cash | | 50 | 16 | Accounts Payable | 600 | | |
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CHAPTER 13 CURRENT LIABILITIES AND CONTINGENCIES IFRS questions are available at the end of this chapter. TRUE-FALSE—Conceptual Answer No. Description F 1. Zero-interest-bearing note payable. F 2. Dividends in arrears. T 3. Examples of unearned revenues. T 4. Reporting discount on Notes Payable. F 5. Currently maturing long-term debt. F 6. Excluding short-term debt refinanced. T 7. Accounting for sales tax collected. F 8. Accounting for sick pay. T 9. Social security
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Chapter 5 * Thirteen original colonies is misleading because Britain ruled thirty-two colonies in North America by 1775 * Included Canada‚ the Floridas‚ and various Caribbean islands * Only thirteen unfurled the standard of rebellion * A few of the nonrebels (Canada‚ Jamaica‚ etc) were larger‚ wealthier‚ or more populous than some of the revolting thirteen * Some British colonies had strike for their independence while others did not/; due to the distinctive social‚ economic
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