Norman Gillespie: The Business of Ethics
This paper disputes Albert Carr's arguments (which are):
like poker, is a form of competition. In this competition, the rules are different than they are in ordinary social dealings. Anyone who abides by
Question I - FIFO vs. LIFO. In comparing and contrasting FIFO vs. LIFO inventory procedures, the following listing was developed. You are to complete the tabulation with an answer of "YES" or "NO" as demonstrated by the first item. Any combination of yes-
Accounting Cycle Accrual Basis Accounting
and Expense Recognition
Statements Closing Entries Cash Basis Accounting (introduction)
Eve nt Transaction Account Re Account al Nom Accoun
Chapter 4 Income Statement - Usefulness o Shows past performance o Helps predict future performances o Assess risk or uncertainty - Limitations o Companies omit items from the income statement that they cannot measure reliability. o Income numbers are aff
SOLUTIONS TO BRIEF EXERCISES
BRIEF EXERCISE 4-1 STARR CO. Income Statement For the Year 2010 Revenues Sales. Expenses Cost of goods sold. Wage expense. Other operating expenses. Income tax expense. Total expenses. Net income.
$330,000 120,000 10,
ANSWERS TO QUESTIONS
1. A conceptual framework is a coherent system of interrelated objectives and fundamentals that can lead to consistent standards and that prescribes the nature, function, and limits of financial accounting and financial statements. A
Depreciation, Impairments, and Depletion
Factors involved Methods of depreciation Special methods Special issues
Recognizing impairments Measuring Impairments Restoration of loss Assets to be disposed of
Establishing a b
Sound and Fury
The time sequence of alternating dense-thin regions of air from the vibrations of the arm of a tuning fork constitutes a traveling longitudinal wave which is registered by our bodies as sound.
Needs a medium to propagate. But has properti
It's Just Refraction
When a beam of light encounters a plane boundary between two media, it reflects as well as refracts. If the second medium is particularly "transparent" most of the beam will be refracted except under a special condition, to be discus
Let There Be Light
Light is a transverse wave. Remember the radiation from a warm object? It is now known that they are electromagnetic waves carrying energy - they can be pictured as waves of electric and magnetic fields. The two fields are tilted at ri
A Wiggle in Time
We have encountered -in uniform circular motion- a trajectory of motion in which the object repeats the path it takes again and again. When it is pulled slightly to one side and released, a rock tied to a string and hanging from it swing
Is there Pressure in Phys 151?
An interesting aside: When a force is applied it is usually over a large surface since real objects are not point-like. This brings in the concept of pressure - again not the usual definition. In physics, pressure P is defi
The Big Mo'
Final quantity that is relevant to concept of motion - momentum. Quantity of motion, an object on the move has it.
For an object(mass m) traveling in a straight line with velocity v, its momentum (p) is m.v and is a vector.
Not Picky about Work!
Forces can do "more" than affect motion. They can do work. Caveat: Definition of work in Physics is unusual. You lift up a suitcase, carry it at constant speed parallel to the ground for a distance and then lower it to the floor - y
Over the Net, Over the Fence. Continue with our discussion of two-dimensional motion as two one-dimensional motions. Q. In a volleyball game how will we know if the ball that is served can clear the net? Suppose the net is 3 m high and the se
Force, being related to acceleration, is a vector quantity. If I push a stationary
block to the right, it does not move to the left or anywhere else! What happens if you have more than one force acting at the same time? Compounding forces: You
Describing U-A Motion
Kinematic Equations a = = constant a constant v = v + a.t v = v00+ a.t d = v0.t + 1/2.a.t2
Take v0 = 0, i.e. dropping from rest. Plots are as shown
for a, v (velocity) and d vs. t (not to scale, positive is down) Note that d is rea
Summary of "Facts" for motional variables
Distance cannot be negative while displacement can be (because of a choice of preferred direction). Likewise, speed cannot be negative while velocity can be. Speed = Distance/Elapsed time Vel. = Displacement/Ela
Why Physics 151?
See Physics in Everyday Life, it is not fiction. Learn that Physics is Fun not Frightening like Fear Factor! Learn to Think Logically like Spock, not like Chris Rock. (Brainpower is in!) Develop and Expand Physical Intuition Learn How Th
Finance 3/31/09 Financial Manager - Investing o Put money into something expecting to get more money out of it - Budgeting/Allocating - Raise capital o Financing Issue Debt Issuing Equity - Managing risk Forms of Business Organizations - Sole Proprietorsh
Notes #4 88 on Exam #3 Final Grade = A Portfolio Theory: "the j states of the world method" What if a portfolio? A collection of assets such as stocks and bonds held by an investor Portfolio Weights percentage investment in each asset Suppose you have 15,
Finance EXAM#2 102 Equity Valuation Characteristics of Stock - Shareholders (SH) are ultimate owners of the company - SHs have residual claim on assets and income - Limited Liability- limited to the amount of the investment - No maturity Stock Valuation N
Ethical concerns of Truth, Validity, and Trust
What Kant Thought Lying is alright if:
If I don't expressly let you know that you're worthy of my thought, then expect me to lie to you If force is used to obtain the truth, lying is the only de