market-oriented firm will locate closest to its customers and the market. The cost of shipping its output is much higher than shipping its input. 2. Depict graphically the effects of the following changes of the bat firm’s cost curves. (shown in Figure 2A-1‚ Page 39). Explain any changes in the optimum location. a. The cost of shipping bats increases from $2 per ton to $4 per ton‚ while the cost of shipping wood remains at $1 per ton. After doubling the price of shipping bats‚ the new optimum location
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(d) Received $800 from customers in payment of their accounts. Cash 800/ Net Income 800 (e) Purchased equipment for cash‚ $2‚500. Cash -2500/ Net Income 0 (f) Recorded depreciation of building for period used‚ $600. Cash 0/ Net Income -600 P4-2A A. | | GENERAL JOURNAL | PAGE | | | | | GENERAL | | 2012 | ACCOUNT TITLE | DEBIT | CREDIT | Jun | 30 | Supplies Expense | 1280 | | | | Supplies | | 1280 | | | (to record supplies used) | | | Jun | 30 |
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E1-5 Cougar’s Accounting Services provides low – cost tax advice and preparation to those with financial need. At the end of the current period‚ the company reports the following amounts: Asset – 19000; Liabilities – 15000; Revenues – 28000; Expenses = 33000 Required: 1. Calculate net loss. 2. Calculate stockholders’ equity at the end of the period. Net loss *Revenues – Expenses = (5000) Stockholders * Assets – Liabilities = 4000 E1-6 Cash 5400 Salaries expense 2200 Accounts payable 3400
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Don’t print out this page!!!!!!!!!!!!!!! P3 describe the physiological responses common to most sports injuries P4 describe the psychological responses common to sports injuries M2 explain the physiological and psychological responses common to most sports Injuries D1 analyse the physiological and psychological responses common to most sports Injuries Content Know about a range of sports injuries and their symptoms Physiological responses: damaged tissue‚ eg primary damage
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1. Refer to the KOF Index of Globalization prepared by the KOF Swiss Economic Institute (enter KOF Index of Globalization at globalEDGE). The index uses three different dimensions to measure globalization: economic globalization‚ political globalization and social globalization. Please explain what each dimension represents in detail and why each is important for a nation to achieve a substantial presence in the global economy. 2. Visit the U.S. Department of Commerce website (www.doc.gov). Identify
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NOTES FROM FIRST ASSIGNMENT 1. Start Journal Entry with Debit (s) on the first line (s) and credit (s) on the next lines‚ e.g.‚ Cash xxx Owner’s Capital xxx 2. No need to write ‘Debit’ and ‘Credit’ when doing a journal entry. Simply indent the credits (including the Account Titles) further to the right and that will signify credits and debits to accountants. 3. Use Account Descriptions that are given in the Problem (e.g.‚ if the problem only has ’Expenses’
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Nine Steps of Accounting Cycle William Watkins XACC/280 March 6‚ 2012 Donna Adams Nine Steps of the Accounting Cycle Screen Shot 08 March 2012 [pic] The nine steps of the accounting cycle ae generally described as follows. These steps are designed to follow a logical sequence to record transactions and prepare financial statements‚ and begins with transaction analysis and ends with closing of the books. Step 1. Collect and analyze the transactions
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Accounting homework (Chapter 4) Discussion Questions 4.2 Why do you think it’s important to keep separate the transactions made by the business and its owner? Give an example of a personal transaction that has implications for the business entity. According to entity concept‚ every type of entity – sole trader‚ partnership‚ company and trust – must keep records of its business transactions separately from any personal transactions. Personal transactions are transactions of the owners‚ partners
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Accounting 202 Homework Chapter 1-Managerial Accounting ‚ the Business Organization‚ and Professional Ethics 1-40 Use of Accounting Information in Hospitals Most U.S. hospitals do not derive their revenue directly from patients. Instead‚ revenues come through third parties‚ such as insurance companies and government agencies. Until the 1980s‚ these payments generally reimbursed the hospital’s costs of serving patients. Such payments ‚ however ‚ are now generally flat fees for specified services
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Cost Accounting‚ 14e‚ Global Edition (Horngren/Datar/Rajan) Chapter 12 Pricing Decisions and Cost Management Objective 12.1 1) Companies should only produce and sell units as long as: A) there is customer demand for the product B) the competition allows it C) the revenue from an additional unit exceeds the cost of producing it D) there is a generous supply of low-cost direct materials Answer: C Diff: 2 Terms: target price Objective: 1 AACSB: Ethical reasoning 2) Too high a price may: A)
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