What is the Purpose of a Database?
A database keeps track of things (that involve more than one theme)
Lists that involve a single theme can be stored in a spreadsheet
o Ex. Student grades
Lists that involve multiple themes require
Desired Consumption Expenditure
Two possible uses of disposable income: consumption (C) or saving (S). You
either consumer your income or save for future consumption.
In the simplest theory, consumption is determined primarily by current
Diamonds like the Hope, Koh-I-Noor and Cullinans are hard to value how
exactly do you put a price on the Queen Mother's centerpiece stone?
And what scenario would unfold that prompts the British Crown to sell
such iconic pieces?
There is no basis for judging the moral values of another culture
There is no universal truth about morality
Moral principles and judgments are not objectively true at all
All that exists in moral matters are the customs of different societies
Relevance and Importance of Financial Decisions
Balance Sheet (or Statement of Financial Position)
presents the assets, liabilities, and owners (or shareholders) equity at a
specific moment in time.
Income Statement (or Profit and Loss Statement)