I. Define the following terms in one sentence. (5 points)
In the exam, there will be 2 out of the 8 terms below.
Internal rate of return (IRR)
Incremental cash flows
. NPV=0 .
Efficient market hypothesis (EMH)
Traditionally used for merchandise with high unit values.
Provides better control over inventories.
Requires additional clerical work and additional cost to maintain inventory records.
9.4 INTRO TO ACCOUNTING
Accounting consist of activities
Of the economic events of an organizations to interested users.
Identify, record, classify, summarize prepare accounting reports. Which is analyzed and inter
Completing the Accounting Cycle
A debit is an accounting entry that either increases an asset or expense account, or decreases
a liability or equity account. It is positioned to the left in an accounting entry. A credit is an
Chapter 2 The Recording Process
1. The Account
a. Debits and Credits
b. Equity Relationships
c. Summary of Debit / credit rules
2. Steps in the Recording Process
3. The Recording Process Illustrated
Chapter 5 Accounting for Merchandising Operations
1) Retailers and Wholesalers
a. Retailers are merchandising companies that purchase and sell directly to consumers
b. Wholesalers are merchandising companies that sell to retailer
Forms of business ownership
One person, small service type business, owner receives any profits, suffers any losses and is
personally liable for all debts.
Two or more, retail and service type businesses, generally
Transaction (1). Investment by Shareholders. Ray and Barbara Neal decides to open a computer
programming service which he names Softbyte. On September 1, 2014, they invest 15,000 cash in
exchange for 15,000 of ordinary shares.
Chapter 3 Notes
Accrual basis accounting when the company records transactions in the period in which the events
The basic of adjusting entries
Adjusting entries ensure that the revenue recognition and expense recognition principles are followed
Chapter 6 Inventories
Classifying and Determining Inventory
1) Classifying inventory
a. How a company classifies its inventory depends on whether the firm is a merchandiser
or a manufacturer.
b. Merchandising company, inventory consists of many different
The Transition of Industrial Structure
and Its Determining Factors in Mongolia.
The aim of this study is to analyse the transition of industrial structure
and its determining factors in Mongolia for the long-run stable econo
KOREA LOGISTICS REVIEW Vol.24, No.2, June 2014, pp.269-285.
Received 2014. 06. 20
Examined(Revised) 2014. 06. 24
Accepted 2014. 06. 28
An Analysis of Foreign Investment in Mongolian Mining and
Focusing on Logistic Infrastructure
The Industrial Revolution in Mongolia
Author(s): Michael Kaser
Source: The World Today, Vol. 38, No. 1 (Jan., 1982), pp. 12-17
Published by: Royal Institute of International Affairs
Stable URL: http:/www.jstor.org/stable/40395515
Accessed: 09-11-2016 06:5
Macro II Exercises Class 1
Professor Brindusa Anghel
1. What are the net capital outflow and the trade balance? Explain how they are
2. If a small open economy cuts defense spending, what happens to saving,
investment, the trad
Problems for Mathematics
Handong Global University
August 5, 2013
1. Let A be the set of even integers, B the set of odd integers, C the set of integers from 1 to
10, and D the set of nonnegative real numbers. Describe C A, C B
1. Applying job
2. Personal Data
Full Name Seungil Lee
Hwangseong-ro 69beon-gil, Gyeongju-si, Gyeongsangbuk-do, Korea