Charles Zoller Principles of Microeconomics Final Paper 12/8/12 Selfish Reasons to Have More Kids In Selfish Reasons to Have More Kids: Why Being a Great Parent Is Less Work and More Fun Than You Think, Bryan Caplan describes why it’s in a parent’s best interest to have more
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Full Disclosure Full Disclosure is a principle which calls for the reporting of significant financial facts that influence the decisions made by those reading the information (Kieso, 2007). The principle was adopted in 1933 as a byproduct of the 1929 economic crises, and created the full disclosure system. This system provides users of financial statements with material information, greatly improves the timeliness and quality of the disclosed information, reduces costs of raising capital, supports
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informative of reported earnings. Corporate financial reports use accrual accounting rather than cash accounting because accrual recording costs and benefits incorporate with economic transaction and it uses net income as primary periodic performance. Cash accounting does not record the full transaction of the full economic because it records the production costs, but not the potential cash received. It involves recording transactions when it enters or leaves. The advantages using cash accounting
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Payable The liability created by a purchase on account. Account Receivable A claim against the customer created by selling merchandise of services on credit. Accounting An information system that provides reports to stakeholders about the economic activities and condition of a business. Accounting Equation Assets = Liabilities + Stockholders’ Equity Assets The resources owned by a business. Balance sheet A list of the assets, liabilities, and stockholders’ equity as of a specific
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111008 – Research in Business and Economics Journal Determinants of short-term debt financing Richard H. Fosberg William Paterson University ABSTRACT In this study, it is shown that both theories put forward to explain the amount of shortterm debt financing that a firm employs have validity. The matching principle correctly predicts that the amount of short-term debt financing that a firm uses is directly related to the quantity of the firm’s current assets. Additionally, other factors that have
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predict the future, invent it. Davies, Tony & Crawford, Ian 2012, ‘Financial Accounting”, Pearson, Harlow. Pg 7 Prudence Concept Prudence means being careful or cautious. The prudence concept is an ethical concept that is based on the principle that revenue and profits are not anticipated, but are included in the income statement only when realized in the form of cash or other assets, the ultimate cash realization of which can be assessed with reasonable certainty. Provision must be made
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ECO/372 June 26, 2013 Chris D. Foster Fundamentals of Macroeconomics Principles of Macroeconomics is the study of what people do or use to coordinate good and services, to understand economics we must know the fundamentals of economics. Macroeconomics is the decision making on how economics evolves in our everyday lives. Principles of Macroeconomics include a variety of terms that helps to determine the Economy in United States. Some of the terms by
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Macroeconomics Fundamentals of Macroeconomics economic principles apply and affect the entire economic system that encompass the world. Macroeconomics directly impact every part of our government and every individual’s quality of life. The health of the nation’s economy affects our economy. A few areas that determine economic health are the gross domestic product (GDP), gross national product (GNP) the unemployment rate, the inflation rate, and taxes. The Principle areas of Macroeconomics covered in this
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Chapter 1 1.1 The scarcity principle (also called the no-free-lunch principle). Although we have boundless needs and wants, the resources available to us are limited. Consequently, having more of one good thing usually means having less of another. 1.2 The cost-benefit principle. An individual (or a firm, or a society) should undertake a particular action if, and only if, the extra benefits of undertaking that action are at least as great as the extra costs. 1.3 Economic Surplus is the gain that results
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less happiness. 3. Robert Nozick presents his entitlement theory as a function of three basic principles. What are these three basic principles? Nozick’s three basic principles are as follows: 1. A person who acquires a holding in accordance with the principle of justice in acquisition is entitled to the holding 2. A person who acquires a holding a accordance with the principle of justice transfer, from someone else entitled to the holding, is entitled to the holding.
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