Accounting 1-4 Chapter - 100452 Words

chapter 1 INTRODUCTION TO FINANCIAL STATEMENTS ââ€"  the navigator ââ€"  ââ€"  ââ€"  ââ€"  âÅ"“ Scan Study Objectives Read Feature Story Scan Preview Read Text and Answer Do it! p. 5 p. 11 p. 18 p. 20 Work Using the Decision Toolkit Review Summary of Study Objectives Work Comprehensive Do it! p. 23 Answer Self-Test Questions Complete Assignments Go to WileyPLUS for practice and tutorials Read A Look at IFRS p. 42 study objectives After studying this chapter, you should be able to: 1 Describe the primary forms of business organization. 2 Identify the users and uses of accounting information. 3 Explain the three principal types of business activity. 4 Describe the content and purpose of each of the financial statements. 5 Explain the meaning of†¦show more content†¦We recommend that you take a few minutes today away from your studies to determine your own results. KN O W I N G TH E NUMBERS Source: Tootsie Roll information adapted from www.tootsie.com. INSIDE CHAPTER 1 . . . ââ€"  ââ€"  ââ€"  ââ€"  The Scoop on Accounting (p. 6) Spinning the Career Wheel (p. 7) The Numbers Behind Not-for-Profit Organizations (p. 8) Rocking the Bottom Line (p. 15) 3 preview of chapter 1 How do you start a business? How do you determine whether your business is making or losing money? How should you finance expansion—should you borrow, should you issue stock, should you use your own funds? How do you convince lenders to lend you money or investors to buy your stock? Success in business requires making countless decisions, and decisions require financial information. The purpose of this chapter is to show you what role accounting plays in providing financial information. The content and organization of the chapter are as follows. Introduction to Financial Statements Forms of Business Organization †¢ Sole proprietorship †¢ Partnership †¢ Corporation Users and Uses of Financial Information †¢ Internal users †¢ External users †¢ Ethics in financial reporting Business Activities †¢ Financing †¢ Investing †¢ Operating †¢ †¢ †¢ †¢ †¢ Communicating with Users Income statement Retained earnings statement Balance sheet Statement of cash flows Interrelationships of statements †¢ Other elements of an annual report Forms ofShow MoreRelatedManagerial Accounting 1 Chapter 4922 Words   |  4 PagesProblem 5-37 (1) Machine setups 5 setups x $2,000 = $10,000 Raw materials 10,000 pounds x $2.00 = 20,000 Hazardous materials 2,000 pounds x $5.00= 10,000 Inspections 10 inspections x $75.00= 750 Machine hours 500 machine hours x $10= 5,000 Total $45,750 (2) Overhead cost per box $45,750/1,000 = $45.75 (3) Single predetermined rate $625,000/20,000 = $31.25 (4a) Raw material 10,000 pounds x $2 = $20,000 Machine hours 500 machineRead MoreAccounting Text and Cases Chapter 4 Case 4-11295 Words   |  6 Pagesï » ¿Ateneo Graduate School of Business MBA Standard Financial Accounting TEAM DAVAO Group Members: Martha Herrera, Katrina Ortega, Chris Almeda, Gil Fernandez Presentation for Case 4-1 CASE PC Depot was a small retail store for personal computers and hand-held calculators, selling several national brands in each product line. The store was opened in early September by Barbara Thompson, a young woman previously employed in direct computer sales for a national firm specializing in businessRead MoreManagerial Accounting: Fifth Edition Chapter 1: Exercise 14 – Problems 2 4 Chapter 2: Exercises 9 12 – Problems 1 6716 Words   |  3 PagesCHAPTER 1: Exercise 14 If Ken stayed open on Saturdays, the added income would be $130,000 per year ($2,500 x 52), while the additional costs are shown to be $1,000 ($700 + $500 + $100 + $200). Using these two figures, we can calculate the opportunity cost (the loss from an opportunity not taken), which would be $1,500 ($2,500 - $1,000). To me, this says that Ken should keep his shop open on Saturday’s. Rent or depreciation of office equipment do not need to be calculated because these areRead MoreIntermediate Accounting 14 Edition Test Bank – by Kieso1044 Words   |  5 PagesIntermediate Accounting 14 Edition Test Bank – By Kieso Follow Link Below To Get Tutorial https://homeworklance.com/downloads/intermediate-accounting-14-edition-test-bank-by-kieso/ Description: Chapter 1 Financial Accounting and Accounting Standards Chapter 2 Conceptual Framework Underlying Financial Accounting Chapter 3 The Accounting Information System Chapter 4 INCOME STATEMENT AND RELATED INFORMATION Chapter 5 BALANCE SHEET AND STATEMENT OF CASH FLOWS Read MoreAcc 201 (Principles of Financial Accounting) Complete Class All Discussion Questions , Chapters Problems and Assignments / Homework-Aid1147 Words   |  5 PagesACC 201 (Principles of Financial Accounting) Complete Class All Discussion Questions , Chapters Problems and Assignments Click Link Below To Buy This Class : http://homework-aid.com/ACC-201-Principles-of-Financial-Accounting-Complete-Class-600.htm ACC 201 Week 1 Chapter 1 and 2 Practice Exercises ACC 201 Week 1 Chapter 1 and 2 Practice Exercises Complete the following practice exercises from Chapter 1 and 2 and submit them to your instructor. This assignment will be graded as aRead MoreSyllabus1598 Words   |  7 PagesUniversity of Houston Department of Accountancy Taxation ACCOUNTING 4330/5330/7330 ADVANCED ACCOUNTING Fall 2012 Instructor: Dr. George O. Gamble Office: 370 G Melcher Hall Office Hours: M 1:00-2:00; TTH 4:30- 5:30 and by appointment COURSE PREREQUISITES You must have junior standing and have passed ACCT 3368 with a minimum grade of C to be enrolled in this class. In addition, you are expected to have a working knowledge of computer spreadsheets, such as Lotus or Excel, asRead MoreMy Learning Journey1615 Words   |  7 PagesExecutive Summary 1 Introduction 1 Chapter 1 Orientation 2 Chapter 2 Review 3 Chapter 3 Appraisal 4 Chapter 4 Planning 4 Chapter 5 Evaluating Progress 6 Chapter 6 Extrapolation Read MoreBasic Accounting Syllabus1024 Words   |  5 PagesCourse Syllabus Basic Accounting School Year 2011-2012 First Semester I. CATALOGUE COURSE DESCRIPTION A. Course Code and No.: ACCTG 1 B. 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Romeo and Juliet, Baz Luhrmann - 1934 Words

I believe that Baz Luhrmann has created a very effective prologue and version of Act 1 Scene 1 of Shakespeares Romeo and Juliet, using visual images and landmarks along with the language to aid the audience in understanding the story. Using the media throughout, Luhrmann makes the situations easier for the audience to grasp, and in turn, relate to. The film begins with the camera zooming in on a television. The prologue is spoken by a black female news reporter. Using a coloured female reporter is effective as it shows how universally important the story is. This indicates the importance of the Montagues and the Capulets for their frays and fights to shown on national television. Using the media makes the situation seem more real,†¦show more content†¦All of this suggests their apparent immaturity, and fun attitude. The Montague boys pull into Phoenix petrol station. The name Phoenix is significant as it shows that often good things are born from the ashes, in this case, Romeo and Juliets love for each other, and an end to all the fighting. As they pull in, there is a clear shot of the cars number plate, which reads ‘Mon 005. The Capulets then pull into the petrol station, in a more suave, sophisticated car; however they have a matching number plate, this time reading ‘Cap 005. This again shows competition between the two families. One of the Montague boys climbs out of the car, and shows a sexual attitude towards some nuns. This indicates that they have little respect for people. The Montague has a black eye, which shows that he has been in a recent fight, most probably with a Capulet. Abra and Tybalt then step out of their car. Immediately there is an obvious difference in the two families, and their attitudes. The Capulets are more sophisticated, whereas the Montagues are immature and up for anything. As soon as the Montagues spot the Capulets, there is tension between them. This indicates how much hatred has built up in the rift between the two families. Abra looks towards the Montagues in a threatening way. The Montagues are quick to respond, and bite their thumbs at the Capulets, a gesture that wasShow MoreRelatedAppropriation of Romeo and Juliet by Shakespeare and Romeo+Juliet by Baz Luhrmann2533 Words   |  11 PagesDiscuss the appropriation of ‘Romeo and Juliet’ by William Shakespeare and ‘Romeo+Juliet’ by Baz Luhrmann Texts and ideas from texts are appropriated and transformed into other text forms and other compositions in a different context. 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Different productions of Romeo and Juliet recontextualises the play making it relevant to new contexts helping the viewer understand the play. The directors who made a production of Romeo and Juliet recontextualise Romeo and Juliet from their point of view, therefore, Zeffirelli

The Expansion of the NFL Generations Free Essays

The National Football League (NFL) has changed over time during its existence from 1920. The National Football League’s experience is even more exciting today then in past generations. The players today are bigger, faster, and stronger then professional players. We will write a custom essay sample on The Expansion of the NFL Generations or any similar topic only for you Order Now Although the same general rules still apply in today’s game, but new ones are brought up every year to protect players from injuries. Ever since the league started in 1920, the football equipment for players has improved even better over the years. Also today’s football culture is even more exciting for players and fans to enjoy. For the players today, it is easier to promote themselves and their teams from the Internet and social media. Since the arrival of the NFL, it has improved over the years and the now fans have made it a way in their daily life. The NFL experience improves every year and it is easier for players to promote themselves because of the Internet. Currently, every player joined the NFL because of the Internet. Today, it is easier for players to promote themselves and communicate with coaches or teams because of the Internet. Coaches and team management are always on the look out for great players. After their talent search, the NFL teams scout online using college statistics for their prospect using the college athletics websites from the players school. The NFL coaches today can even watch college player’s highlight films on YouTube, which is a great way to promote players. The older generation coaches had to use word of mouth communications to scout players. Unlike past generations, the communication for players and coaches have involved extremely because of advance technology. The NFL generation today is better than past generations and is getting outstanding players to join the league because of the Internet. The NFL players today are paid more money because of their experience, talents, and abilities to play the game. The players who usually get paid the most are the franchise players. The franchise players (best players on their team) are treated more valuable and the teams base their game strategies because of talents of those players. While other players are part of a role in the game plan, the franchise players carry most the load to the game plan. The NFL players today can easily be replaced by other upcoming college standouts. Unlike past generations, the competition is even more difficult to play against today because the players want to stay in the league or not be traded to other teams. The NFL continues to improve year after year because of the great competitors that join the league and the current players that do not want to be replaced. The rules and regulations of the NFL games have changed significantly and the way the game is watched on television. Most of the rules that changed were for health and injury risk issues because of the full contact sport. For instance, the most recent rule that changed was the head-to-head contact tackle. The head-to-head contact tackle is the incorrect way to tackle, but sometimes other players just want to injury other players for their own reasons. This highlight tackle has been banned due to injuries like brain damage, neck injuries, and concussions. If players attempted to do this tackle they will be fined or suspend for an certain amount of games. Just like any other violation tackle, the head-to-head contact tackle is absorbed in the NFL very closely. While, football equipment has improved over the years for safety issues. There are lighter safety pads that protect your bones with more comfort to your body when absorbed contact. The NFL is always improving the football equipment and trying to avoid past life-threatening injuries such as concussions. Others new rules were also created to improve how the game is played and will protect the football players even better today. The games on television have better picture and a greater experience to watch the game. Unlike in the past, there is a huge difference how the picture has improved even more. The NFL games today have more camera angles and closer experience to watch the game. Just imaging and compared how older generations watched the games on black and white televisions? Also, the NFL games are now watched in high definition. There are also now NFL games that can be watched in 3-Dimensional. Unlike basic cable games, the 3-D games change the television experience, they make you feel like you are playing or coaching in the game. The way the game is played and watched on television in today’s generation, is extremely better than past generations. Also the American football culture is expanding and growing over the years of existence. During the fall season, fans know Sundays are for NFL football games and church. NFL fans exist through out America; there can be New York fans that live in California or other areas. The fans are expanding everyday and the football culture is now a way of people’s life. For example, NFL fans treat Super Bowl Sunday as a holiday than a regular championship football game. Everybody watches the Super Bowl for the game, halftime show, and commercials. NFL fans have parties and invite friends over to watch the big game at their house. Even commercials during the Super Bowl are always talked about because everybody watches the Super Bowl. Although, companies pay millions of dollars for thirty seconds for their commercials to be played during the Super Bowl because they can attract new customers. Even stores get involved to promote Super Bowl Sunday; like having sales on food and televisions. However, the Thanksgiving Thursday Night Football Game is also part of the American football culture. While enjoying time with family on a real holiday, the NFL has a game on Thanksgiving Day. This game always promotes the Super Bowl game because they know fans and their families are watching the game. The football culture has grown bigger through every generation. Everybody knows when it’s time for Super Bowl Sunday. The NFL experience has improved over the years and players have been improving each year. My favorite player of all time in the NFL is Ray Lewis, he plays defensive linebacker for the Baltimore Ravens. Ray Lewis is a franchise player for the Baltimore Ravens and is entering his sixteenth year in the NFL because of his effort to be the best he can be. While, I play the same position as Ray Lewis and I try to put in the same effort he does to become a great player. Although I am trying to pursue an NFL career and become a legend just like Ray Lewis it takes hard work and dedication to become the best you can be. My favorite motivation quote from Ray Lewis is â€Å"You might be bigger, faster, stronger, and better than me, but you are not going to outwork me, because I won’t let you†. Unlike other players, Ray Lewis is great role model to play the game and he continues to play the game with his heart instead of greed. The National Football League has changed significantly in every generation. The players are more skilled, paid more money, and rules have changed due to past injuries. The players today are bigger, faster, and stronger than past players because of the improvements in the games. Even the technology of watching the game on televisions has improved significantly for fans to enjoy. Today, the NFL culture has grown on every American life including mine. The National Football League will keep changing generation after generation, but the love of the game will continue to grow. How to cite The Expansion of the NFL Generations, Essay examples