Accounting ****

Four steps in accounting – collection, measurement, classification, presentation
Electronic Funds Transfer – electronic transfer of money
Note Average inventory – (Beginning inventory + Ending inventory) divided by 2
Statement of cash flows – A financial statement that lists cash inflows (receipts) and cash outflows (payments) during a period; arranged by operating, investing, and financing
realized external failure costs – environmental costs caused by
environmental degradation and paid for by the responsible organization.
Statement of Stockholder's Equity – A statement that reports the changes that have taken place in all of the stockholders' equity accounts during the period.
Consider the system shown in the figure below. Obtain the output Cr(S) when the input r(t) is a unit-step displacement. From the obtained result, indicate: a) The damping ratio (10 points) b) The natural frequency. (10 points) c) The setting time (10 points) d) The final value of the output. (10 points) e) The percent of overshoot for the output. (10 points)
T Account – An accounting device used to analyze transactions
Debit – Left side of account (normal balance for assets)
accounts receivable ledger – a subsidiary ledger containing only accounts for charge customers
Relevant revenues and relevant costs are the only information managers need to select among alternatives. – False
Net Profit – is the difference between the gross profit and operating expenses.
Cоnsider the system shоwn in the figure belоw. Obtаin the output Cr(S) when the input r(t) is а unit-step displаcement. From the obtained result, indicate: a) The damping ratio (10 points) b) The natural frequency. (10 points) c) The setting time (10 points) d) The final value of the output. (10 points) e) The percent of overshoot for the output. (10 points)
owner's equity – the owner's contribution to the business, calculated by subtracting liabilities from assets
share of stock – a unit of ownership in a corporation
Tinker Bell Company has the following:

Units/Unit Cost
Inventory, Jan. 1
8,000/$11
Purchase, June 19
13,000/$12
Purchase, Nov. 8
5,000/$13

If Tinker Bell has 9,000 units on hand at December 31, the cost of the ending inventory under FIFO is:
A. $99,000.
B. $108,000.
C. $113,000.
D. $117,000. – C

Certified Management Accountant (CMA) – test for budgeting, performance management cost management financial statement analysis
Double-entry accounting – Recording of debit and credit parts in a journal

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