Accounting _

Plant Assets – Tangible long lived assets used to produce or sell products and services. Also called property, plant, and equipment (PP&E)
Calendar year – period for which a business begins on January 1 and ends on December 31.
Stockholders' Equity – the owners' equity in a corporation
Shareholders – Owners of a company who receive dividends (reward for shareholdings).
In days and operating cycle, _____ is better – lower
Accounting (balance sheet) equation – a rule under which Assets = Liabilities + Equity.
Office Equipment ( net) – Property and equipment
The manufacturing overhead costs budget includes budgeted amounts for:
a. direct materials
b. direct manufacturing labor
c. indirect manufacturing labor
d. All of these answers are correct. – c. indirect manufacturing labor
insurance policies – operating costs, expenses
statement of retained earnings – shows the changes in retained earnings for a business entity for a period of time
Money has a purchasing power which varies depending on the economic situation, such as from both, the rate of interest and time period.
to run a website – управлять сайтом
discrepancy – rakamlarda tutarsızlık
salvage value – the estimated value of a fixed asset at the end of its useful life
Нематериальные активы – Intangible assets
Net Income/Net Profit. – The difference between gross profit and expenses when gross profit is larger.
Mоney hаs а purchаsing pоwer which varies depending оn the economic situation, such as from both, the rate of interest and time period.
Issuing Debt to Finance Operations – Bonds or notes payable. Doesn't dilute control but increases risk
Lessor – Party to a lease who grants another party (the lessee) the right to possess and use its property
Time Period Principle – The time period principle requires that accounting takes place over specific time periods known as fiscal periods (of equal length)
dependent variable – a variable that responds to some causal factor: total cost is dependent veriable, as represened by the letter y, in the quation y =a + bX (p35)

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply