Accounting consists of basic assumptions‚ principles‚ and constraints. There are four basic assumptions of accounting that are the fundamental basis of any set of accounts. The four basic assumptions of accounting include: monetary unit assumption‚ economic period assumption‚ time period assumption‚ and going concern assumption. Monetary unit assumption states that only transaction data that is expressed in terms of money can be included in the accounting records. Economic period assumption states
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There are three ways to analyze financial statements there is the vertical analysis‚ which uses the base percentage to express the assets or liabilities and stockholders’ equity. Horizontal analysis or the trend analysis is how someone can evaluate the financial statement over a period. With this method‚ one can determine an increase or decrease in assets liabilities or stockholders equity. This can be done in percentage or totals Horizontal analysis is used primarily with an intercompany comparison
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Situation 1 First I would greet the customer with a standard greeting. Thanking them for calling and asking how I may help them is usually a good way to start off the phone call. Susan is inquiring about some of the functions that PowerPoint has to offer. She has asked about how some of the features of PowerPoint can support her data that she has gathered. I will begin by repeating back her question to verify that we are on the same page. One of the challenges I will probably face is explaining
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Accounting Team Project Naomi Konen and Chue Lee 8-2 a) Joan’s first mistake is not using control of cash receipts. She is having only one person go through the whole accounting controls process. There should be other people involved in this process including Joan herself. Joan must also realize the limitations of human controls. One person going through the entire process is bound to make a human error. b) Joan initially failed by trying to joke about her employee stealing. Stealing
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University of Phoenix Material Week Five Worksheet Answer the following questions. 1. Bold the law that correctly defines the Son of Sam law. a. Legislation that prohibits criminals from contacting their victims or their victims’ families b. A law that prohibits a parent from testifying against his or her son c. Legislated rules prohibiting criminals from profiting from their crimes through sales or publications of their stories to or through the media d. Laws that prohibit the press from releasing
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This document of XACC 280 Week 9 Capstone Discussion Question shows the solutions to the following problems: Review the annual reports for PepsiCo.‚ Inc and the Coca-Cola Company in the Appendixes A B of Financial Accounting. Select either PepsiCo‚ Inc or Coca-Cola Company. In your estimation‚ the company you chose may be financially healthier or weaker. Would you invest in this company? Explain why or why not. Justify your reasoning by presenting at least three key financial ratios
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1 ________ is finding the most cost-effective media to deliver the desired number and type of exposures to the target audience. Media selection Media scheduling Copy testing Content analysis 2 Which of the following factors forms the basis of assessing sponsorship activities through supply-side methods? Brand exposure reported by consumers Impact on sponsor’s bottom line Consumers’ brand knowledge Extent of media coverage 3 What function does a company’s public relations department perform
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this process‚ two or more parties cooperatively interact in ways to accomplish a goal or reach an end: Student Answer: collaboration. competition. conflict. trauma. autonomy. Instructor Explanation: Week 4 Lecture Points Received: 5 of 5 Comments: Question 5. Question : (TCOs 4 & 7) This trigger includes physical characteristics (such as race or gender)‚ clothing style or fashion‚ distinctive
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University of Phoenix Material Experimental Designs Worksheet Fill in the Blank Using the terms listed below‚ complete the following: 1. Experimental group receives treatment in an experimental design. 2. Control group does not receive treatment in an experimental design. 3. A Small n design has many observations on a single case or a few subjects. 4. When separate groups of subjects receive different levels of the independent variable‚ this is referred to as Between Subject design. 5. When
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most valid and reliable test of the hypothesis‚ more pine seeds germinate after a forest fire‚ would include an experimental group of pine seeds that was recovered from a fire area and pine seeds that were — A student wanted to look at plant growth in five different soil samples. He planted the same type of seeds in identical containers and left them together in full sunlight. He gave each plant the same amount of water and charted the growth of each plant stem. What is the independent variable in this
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