Describe the asset and identify a potential change in the estimated life of this asset.
Under the category of plant assets, equipment, and more specifically company vehicles,
as an asset, are expected for business use only and decline in service potential
I enjoyed hearing about Walters story and the difficult moral decisions that he faced.
When I began the reading, I didnt expect the story to lead to a valuable lesson, which I believe is
a suitable message that is relevant to this course. At the beginning
Discuss why computerized accounting is important to any company that
is involved in e-commerce.
For any company involved in e-commerce, computerized accounting systems are
important because of how the system provides benefits. Something that is important
I have been working here at REI for almost three years now and in all
my years experience in consulting, there have been numerous occasions of
inventory theft. It is unfortunate but a normal happening so you are not
mistaken to believe employee
Description of contingent liability selected
- An example of a contingent liability is an auto parts retailer that offers warranties on
their products. Say that NAPA Auto Parts sells 500 radiators averaging $200 each per
sale that includes a one-year warr
What is one key difference between the IFRS Statement of Financial Position and a U.S.
GAAP Balance Sheet?
There are many differences between GAAP and the IFRS in regards to required financial
information and format, but the main difference is the approac
Federal Deficit - difference between the amount of money a government spends and the
amount it receives in taxes over a given period.
Debt - the sum of money a government owes at a particular point in time.
In what year was the Deficit the largest percent
The development of marginalism describes a method of analysis as well as a theory
of value, which is opposed to classical economic theory where prices are determined by
costs of production. According to marginalist economists,
The first internal control system that a business can use to ensure accurate expense
reporting is an imprest system. Internal control over cash disbursements is possible when a
business uses checks, but is impractical in some circumstances and can easily
ACC121 Mod 1 Users of Financial Information
Explain the concept of Generally Accepted Accounting Principles
A great quote by former chairman of ITT Corporation, Harold Geneen, said To be good at
your business, you have to know the numberscold. Accounting
April 29, 2013
CNN reported on the evening new that the U.S has reached a fiscal cliff which can lead to
different cirsic in the economy . what the economist are saying in the other side is not even good
Macroeconomics Exam 1
March 29 2013
1.The reason markets tends toward equilibrium is because people want to exploit opportunities
that they never had before and after they do they get into a state of neutral which in econo
February 10, 2015
Demand and Supply
When it comes to economics, it is very crucial to know the concept of supply and
demand, what it is and the significance of it not only in the world of economics but in
every day life.
October 23, 2014
Pg 237 1-5
1. The unemployment rate at October 2014 was at 5.8% and down 0.1% from
September 2014 when it was 7.2% on October 2013 the unemployment rate has
fallen 2.6% percentage points.
2. The unemploy
September 24, 2014
Page 337; 2 & 3
2) A) An autonomous increase in consumer spending of $25 billion along with a
marginal propensity to consume of 2/3 would increase the GDP by $75 billion.
B) If the firms were to reduce
ECO201 Principals of Macroeconomics
Module 1 Web Assignment
September 8, 2016
On the Bureau of Labor Statistics website, I selected the topic of Pay & Benefits,
specifically Benefits. This topic is of personal interest to me in that I am
When market failures occur,
the government can step in to correct the market failure.
When misallocation of resources for production of a good results in spillover effects on third parties, there is a
A negative externality such as polluti
ECO 202 PRINCIPLES OF MICROECONOMICS
EXTRA CREDIT ASSIGNMENT
COVERING CHAPTERS 8, 9, 10
You can earn up to 16 points of extra credit by completing this exercise.
1. For the following firms, explain where in our market structure approach each
Chapter 9 homework
A natural monopoly is an industry exhibiting large economies of scale such that the minimum
efficient scale of operation is roughly equal to market demand. The efficient production can only
happen if one firm controls t
Long article review assignment:
Inelastic products and taxing, does it really work?
Inelastic products and taxing, does it really work?
Inelastic in economic is a word used to define the situation in which the quantity demanded of
Chapter 11 homework
It is because there is a low risk attached to being a college professor so the earning is low. The
Hollywood producer is taking high risk which results in a high income.
This price discrimination is based on rat
Chapter 8 homework
It is because a firm in a perfectly competitive market is a price taker which means it will always
get the same price for every unit it sells no matter how many units the firm sells since the firm's
sales will never affect the indu
Chapter 5 Homework
In the case of gasoline there are not many substitutes. So people dont have good options to
replace gasoline which makes it inelastic.
In the case of Exxons gasoline there are more alternatives. If the price of Exxons g
Chapter 16 homework
Comparative advantage refers to the ability of a country to produce a particular good or service
at a lower opportunity cost than others.
Absolute advantage is the ability to produce more of a given product using less of a gi
Chapter 12 homework
It encourages capital investment because during the times of growth, the economy is expanding
which boosts the profit expectations of the investors. Expansion of the economy due to growth
leads to increase in demand
Compare the financial systems of Canada and the U.S.A
The financial systems of some nations fared well compared to others during the global
financial crisis of 2007-09. The performance of the banking system of Canada during
World Trade Organization
The World Trade organization is mainly concerned with negotiating bargains
which deal with market access, and free trade may not be typical outcome of their
intervention. Traditionally, the