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on 18-Feb-2017 (Sat)
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Flashcard 1430678277388
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Parent (intermediate) annotation
Open itThis reading is organized as follows: Section 2 describes consumer choice theory in more detail. Section 3 introduces utility theory, a building block of consumer choice theory that provides a quantitative model for a consumer’s preferences and tastes.
Original toplevel document
1. INTRODUCTIONy. In this reading, we examine the theory of the consumer as a way of understanding where consumer demand curves originate. In a subsequent reading, the origins of the supply curve are sought in presenting the theory of the firm. <span>This reading is organized as follows: Section 2 describes consumer choice theory in more detail. Section 3 introduces utility theory, a building block of consumer choice theory that provides a quantitative model for a consumer’s preferences and tastes. Section 4 surveys budget constraints and opportunity sets. Section 5 covers the determination of the consumer’s bundle of goods and how that may change in response to changes in income and prices. Section 6 examines substitution and income effects for different types of goods. A summary and practice problems conclude the reading. <span><body><html>
Flashcard 1431897771276
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Parent (intermediate) annotation
Open itthe seven fine arts (architecture, instrumental music, sculpture, painting, literature, t he drama, and the dance)
Original toplevel document (pdf)
cannot see any pdfsFlashcard 1439207132428
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Subject 3. Investment Decision Criteria
active the proposal. A ratio of 1.0 is logically the lowest acceptable measure on the index. Any value lower than 1.0 would indicate that the project's PV is less than the initial investment. Learning Outcome Statements d. <span>calculate and interpret net present value (NPV), internal rate of return (IRR), payback period, discounted payback period, and profitability index (PI) of a single capital project;<span><body><html>
active the proposal. A ratio of 1.0 is logically the lowest acceptable measure on the index. Any value lower than 1.0 would indicate that the project's PV is less than the initial investment. Learning Outcome Statements d. <span>calculate and interpret net present value (NPV), internal rate of return (IRR), payback period, discounted payback period, and profitability index (PI) of a single capital project;<span><body><html>
Flashcard 1447243156748
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Parent (intermediate) annotation
Open itThe definitions given in the dictionary are general descript ions of the single-word entries. They clarify the meanings of the common names. A general description is itself made up wholly of common names.
Original toplevel document (pdf)
cannot see any pdfsFlashcard 1447501892876
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Parent (intermediate) annotation
Open itThe individuals within a species (for example, all human beings) are essentially the same. But they are not merely accidentally different; they are individually different.
Original toplevel document (pdf)
cannot see any pdfsFlashcard 1448579829004
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Parent (intermediate) annotation
Open itThe four financial statements are augmented by footnotes and supplementary data, are interrelated. In addition, there are other sources of financial information, such as management discussion and analysis, auditor's reports, etc.
Original toplevel document
Subject 2. Major Financial Statementstatements are: Income statement (statement of earnings) Balance sheet (statement of financial position) Cash flow statement Statement of changes in owners' or stockholders' equity <span>These four financial statements, augmented by footnotes and supplementary data, are interrelated. In addition, there are other sources of financial information, such as management discussion and analysis, auditor's reports, etc. Income Statement The income statement summarizes revenues earned and expenses incurred, and thus measures the success of business operations for
Flashcard 1450644999436
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Parent (intermediate) annotation
Open itBecause price is fixed to the individual seller, the firm’s demand curve is a horizontal line at the point where the market sets the price.
Original toplevel document
Exhibit 5. Total Revenue, Average Revenue, and Marginal Revenue under Perfect CompetitionExhibit 5 graphically displays the revenue data from perfect competition. For an individual firm operating in a market setting of perfect competition, MR equals AR and both are equal to a price that stays the same across all levels of output. <span>Because price is fixed to the individual seller, the firm’s demand curve is a horizontal line at the point where the market sets the price. In Exhibit 5, at a price of 100, P 1 = MR 1 = AR 1 = Demand 1 . Marginal revenue, average revenue, and the firm’s price remain constant until market demand and supply factors cause a
Flashcard 1450776071436
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Parent (intermediate) annotation
Open itThe second region of economic losses (after point F) develops when the firm’s production begins to reach the limits of physical capacity, resulting in diminished productivity and an acceleration of costs.
Original toplevel document
Open ithat extends to the upper breakeven point. Within this profit area, a specific quantity (Q max ) maximizes profit as the largest difference between TR and TC. Point F is where the firm leaves the profit region and incurs economic losses again. <span>This second region of economic losses develops when the firm’s production begins to reach the limits of physical capacity, resulting in diminished productivity and an acceleration of costs. Obviously, the firm would not produce beyond Q max because it is the optimal production point that maximizes profit. Breakeven points, profit regions, and economic loss rang
Flashcard 1450980019468
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Parent (intermediate) annotation
Open it>Cuarta fase: Análisis derivado de la reestructura financiera Deben considerarse los impactos de corto, mediano y largo plazo en diferentes renglones, como: v Costos financieros. v Utilidades. v Flujos de efectivo. v Estructura de activos y pasivos. v Niveles de apalancamiento financiero y operativo. v Tasas de productivida
Original toplevel document (pdf)
cannot see any pdfsFlashcard 1464985062668
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Parent (intermediate) annotation
Open itBefore you open your book to read, take a few minutes to read the introduction and browse through the table of contents and the index.
Original toplevel document (pdf)
cannot see any pdfsFlashcard 1465014947084
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Parent (intermediate) annotation
Open itOnce you've read the section, close the textbook and answer your question, either orally or on paper, in your own words. If you can't answer the question, you should re-read that section until you can. If, after several tries, you sti
Original toplevel document (pdf)
cannot see any pdfsFlashcard 1474067303692
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Parent (intermediate) annotation
Open itInclusion of a management report is recommended by the International Organization of Securities Commissions and frequently required by regulatory authorities, such as the US Securities and Exchange Commission (SEC) or the UK Financial Reporting Council (FRC).
Original toplevel document
3.1.6. Management Commentary or Management’s Discussion and Analysishe nature of the business, past results, and future outlook. This section is referred to by a variety of names, including management report(ing), management commentary, operating and financial review, and management’s discussion and analysis. <span>Inclusion of a management report is recommended by the International Organization of Securities Commissions and frequently required by regulatory authorities, such as the US Securities and Exchange Commission (SEC) or the UK Financial Reporting Council (FRC). In Germany, management reporting has been required since 1931 and is audited. The discussion by management is arguably one of the most useful parts of a company’s annual report besides
Flashcard 1478075485452
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Parent (intermediate) annotation
Open itincreases in assets: An asset is increased with the other side of the equation being a gain on the income statement or an increase to other comprehensive income. An asset is decreased : An asset is decreased with the <span>other side of the equation being a loss on the income statement or a decrease to other comprehensive income.<span><body><html>
Original toplevel document
Open itved and the corresponding liability to deliver newsletters) and, subsequently, 12 future adjusting entries, the first one of which was illustrated as Transaction 12. Each adjusting entry reduces the liability and records revenue. <span>In practice, a large amount of unearned revenue may cause some concern about a company’s ability to deliver on this future commitment. Conversely, a positive aspect is that increases in unearned revenue are an indicator of future revenues. For example, a large liability on the balance sheet of an airline relates to cash received for future airline travel. Revenue will be recognized as the travel occurs, so an increase in this liability is an indicator of future increases in revenue. <span><body><html>
Flashcard 1478086757644
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Parent (intermediate) annotation
Open itr (chronological order). The general journal is the collection of all business transactions in an accounting system sorted by date. All accounting systems have a general journal to record all transactions. Some accounting systems also include <span>special journals. For example, there may be one journal for recording sales transactions and another for recording inventory purchases.<span><body><html>
Original toplevel document
Open itved and the corresponding liability to deliver newsletters) and, subsequently, 12 future adjusting entries, the first one of which was illustrated as Transaction 12. Each adjusting entry reduces the liability and records revenue. <span>In practice, a large amount of unearned revenue may cause some concern about a company’s ability to deliver on this future commitment. Conversely, a positive aspect is that increases in unearned revenue are an indicator of future revenues. For example, a large liability on the balance sheet of an airline relates to cash received for future airline travel. Revenue will be recognized as the travel occurs, so an increase in this liability is an indicator of future increases in revenue. <span><body><html>
Flashcard 1478191615244
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Parent (intermediate) annotation
Open ittatement, statement of cash flows, and statement of owners’ equity. The statement of retained earnings is a component of the statement of owners’ equity. Accruals are a necessary part of the accounting process and are designed to <span>allocate activity to the proper period for financial reporting purposes. The results of the accounting process are financial reports that are used by managers, investors, creditors, analysts, and others in makin
Original toplevel document
Summarye basic accounting equation: Assets = Liabilities + Owners’ equity. The expanded accounting equation is Assets = Liabilities + Contributed capital + Beginning retained earnings + Revenue – Expenses – Dividends. <span>Business transactions are recorded in an accounting system that is based on the basic and expanded accounting equations. The accounting system tracks and summarizes data used to create financial statements: the balance sheet, income statement, statement of cash flows, and statement of owners’ equity. The statement of retained earnings is a component of the statement of owners’ equity. Accruals are a necessary part of the accounting process and are designed to allocate activity to the proper period for financial reporting purposes. The results of the accounting process are financial reports that are used by managers, investors, creditors, analysts, and others in making business decisions. An analyst uses the financial statements to make judgments on the financial health of a company. Company management can manipulate financial statements, and a perceptive analyst can use his or her understanding of financial statements to detect misrepresentations. <span><body><html>