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  1. Answers
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    Some accounting issues

    Hello, I have a few general questions regarding case analysis issues.

    1. Let's say I'm preparing statements (in Canada) for a bank. Assuming the bank does not REQUIRE GAAP statements, and I my...
  2. Question: Case Analysis

    by student007
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    3,539

    Maybe it would be better to ask more specific...

    Maybe it would be better to ask more specific questions regarding cases. When, if ever, would a firm benefit from using a more cash-based accounting system?
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    Wow... a lot of info. Well, I'm already in my...

    Wow... a lot of info. Well, I'm already in my second year in a non-science undergrad here in Canada. I plan on taking some first- and eventually second-year science courses to fill my pre-reqs and...
  4. Question: Case Analysis

    by student007
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    3,539

    Case Analysis

    Does anyone know any sites that can give me a some info on accounting cases, as well as some of the possible scenarios/issues that one may encounter in them?
  5. Answers
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    6,604

    I always though coal was pure carbon? Maybe I'm...

    I always though coal was pure carbon? Maybe I'm wrong... if so, you can easily calculate it using a simple ratio, right?
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    942

    Accounting for Royalties

    Let's say there's a private company owned 100% by the inventor of the product which the company sells. The company must pay the inventor royalties on each product sold. Let's say the company bought...
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    Appendix and works cited

    Let's say I'm doing an assignment with an appendix (in the appendix I have calculations, graphs, etc.). Should I inlude the works cited in the appendix, before, or after?
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    Accounting policies

    Are these policies by a firm reasonable according to GAAP?

    1) 2 managers spent almost all of their time supervising the construction and development of a hotel and training its staff. When the...
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    Ohh... I think I get it. How's this for an...

    Ohh... I think I get it.
    How's this for an example? Let's say wal-mart moves into a small town. Short-term losses are unemployment resulting from the closing of small nearby businesses. Long term...
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    1,803

    I'm kind of confused. How would the economy or...

    I'm kind of confused. How would the economy or people in it be worse off in the short run and then better in the long run? Can you give me some type of example to clear this idea up?
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    Economic markets

    What do you think this statement means: "economic markets are immoral" Here's what I think:

    They are objective, and driven only by market forces. That means that they put things like...
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    Pensions and inflation

    If I were to write a bill about pensions, which measure of inflation would I want to use? CPI or GDP deflator? I know that the GDP deflator underestimates inflation and the CPI overestimates it. ...
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    1,458

    Accounting for trading assets.

    Let's say there are 2 companies: A and B.
    A has a capital asset:
    cost = 100
    accum. Amort = 20

    B has a capital asset
    cost = 200
    accum. Amort = 35

    Both have a market value of between 150...
  14. Question: Chain mail

    by student007
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    Chain mail

    Do you contribute to chain mail? I mean, if u get an email and read it, and it says something like... "if you don't send it to at least 10 people you will have bad luck for 10 years" do you send it...
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    Canadian Pension Plan

    Who funds the Canadian Pension Plan? I mean, let's say I am a member of Parliament. Obviously the effect of inflation on the cost of plan would play a role. Would I want to use:

    GDP deflator to...
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    Thanks

    Thanks
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    net vs. gross a/r

    In a company's financial statements, what is usually shown in the a/r account? Net or gross a/r? If the a/r is broken down, and a note says the company uses 2.5% allowance for bad accounts based on...
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    Thanks. Now I have another question. I just read...

    Thanks. Now I have another question. I just read that an increase in gov't spending leads to an increase in interest rates and a decrease in investment, because Y-T (disposable income) remains...
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    Economics questions:

    I have a few questions about some aspects of GDP:

    1. Can someone clear up the concept of imputed rent? Is it like amortization of a house, i.e. the cost of the house spread over time, or is it...
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    Changing estimates

    Let's say I were to change an estimate for my Allowance of Uncollectable Receivables from 1.75% of credit sales to 1.5% of credit sales. A credit balance of 200 more than 1.5% of my credit sales had...
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    Business Major in Healthcare

    I am a BBA student and am interested in getting a career in the admin side of a healthcare, pharmeceutical, or biotech company. What I would like to know, is, what should I major in if I want to do...
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    Hidden reserves and allowance accounts

    Okay... I find it easiest to explain this issue regarding hidden reserves and allowance accounts through an example, so I hope this makes clear what I'm asking:

    Let's say a company decides to use...
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    Thanks... that's quite reassurring. Just to let...

    Thanks... that's quite reassurring. Just to let you know, I got my MRI results, and basically, here's what they were:

    A huge abnormality in the left optical nerve (a "hot spot", which I think was...
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    Multiple Sclerosis

    I am a 21 year old Caucasian female. About 2 months ago, I developed optic neuritis, and my recent MRI gave me a 53% chance of developing the disease within 5 years. My question for you: Assuming...
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    Most Canadian Med Schools require only a 4-year...

    Most Canadian Med Schools require only a 4-year degree of any sort (science is not required). So does Harvard. But what I want to know is: how difficult would it be for one who has only OAC/grade 12...
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    MD Requirements

    Has anyone here gone to med school with a non-science background? I have a BBA, and am wondering if I can do med school. Just want to hear what you guys think.

    Thx
  27. Question: M s

    by student007
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    Thanks for the info. It was a bit disheartening,...

    Thanks for the info. It was a bit disheartening, though. Just that one diagnosis of optic neuritis nearly guarantees that I'll develop MS within 15 years. I guess its better to know than be left in...
  28. Question: M s

    by student007
    Answers
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    1,164

    Thanks for your concern. I don't know if I've...

    Thanks for your concern.

    I don't know if I've been tested for Lyme disease, but I have gone to a neurologist who took some tests and determined that I don't have any obvious neurological disorders...
  29. Question: M s

    by student007
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    1,164

    Thanks for the info. Just curious, though, does...

    Thanks for the info. Just curious, though, does anyone know of anything regarding the probability of me developing ms in the future? I know that I'll need an MRI to determine this fully, but...
  30. Question: M s

    by student007
    Answers
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    1,164

    M S

    I just got diagnosed with optical neuritis (but have had minimal, if any, pain) in my left eye. I am a 20-year old white female. I have absolutely no family history of MS, but now I fear that I may...
  31. Answers
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    Even if the two fields are entirely unrelated?

    Even if the two fields are entirely unrelated?
  32. Answers
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    10,538

    Two bachelor's degrees

    Let's say I got a degree in one field (business) and after I got that degree I decided that I wanted to get into the sciences so I applied for a bachelor's degree in science. What basis would...
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    Labour issues in France

    I just recently heard about something that's been going on in France about labour. I hear that France changed the minimum age at which a worker can be fired with no reason (or something). This...
  34. Question: EBay

    by student007
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    Ok I got it. What I meant is: I bought an item...

    Ok I got it. What I meant is: I bought an item (which I can afford) and the seller tells me to pay within 12 days of winning. But the item can be shipped in 4 days. What I was asking is - should I...
  35. Question: EBay

    by student007
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    2,302

    So then my best bet would be to just pay...

    So then my best bet would be to just pay immediately if I can?
  36. Question: EBay

    by student007
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    eBay

    Let's say I just won my first bid on eBay. What is proper etiquette, normally? Should I pay immediately, or should I wait a few days until I get the product and then pay?
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    Help - external costs

    Okay. Here's a situation, and I cannot find any external costs. Can someone help me please?

    A huge superstore wants to open up in a small town. This will result in nearly all local SMEs to shut...
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    Graduate degrees

    In order to get a masters degree in a field, is it necessary to have a bachelor's in the same field? For example, if I get a business degree (BBA) from one school, and I get good marks and do well on...
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    Oddly enough though, this only happens after I...

    Oddly enough though, this only happens after I lie down on the couch and watch TV. When I get up, about 2 seconds later then sometimes it hits
  40. Answers
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    Something weird

    For a while now, every once in a while, while I'm walking, I'll feel kind of weird. My vision gets blurry and a bit flashy, and I have trouble keeping my balance. This usually lasts about 5 seconds...
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    Cost of an asset

    I bought an asset worth $500 from a dealer for $469. How would I record this on my balance sheet? Under Canadian GAAP would there be an argument for both recording methods (i.e. record asset cost...
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    Prepaid insurance an asset?

    According the GAAP (the 3 asset criteria), how can I justify that Prepaid insurance is an asset? (i.e. I know that costs are known and that it will provide future benefit for the company, but is this...
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    Aggregate supply

    I was studying for a test, and a few issues came up:

    What's held constant in the short run with regards to aggregate supply?
    Also, are techology, full-employment labour, and capital the only...
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    User objectives

    Let's say I just took a huge loan from a bank, and I determined they were my most important user. When making my financial statements, I choose to maximize income (within the limits of GAAP). Why...
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    Aggregate planned expenditure and real GDP

    I learned in economics that the main reason why Aggreggate planned expenditure (APE) and real GDP are not always equal is because of inventories. This is entirely understandable. However, HOW they...
  46. Question: Acne

    by student007
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    2,622

    Acne

    I'm an 18 year old male and I've had facial acne for about 3-4 years now. I've always used oxy pads twice a day and the deep cleaning face wash every morning, but I'm not getting much better...
  47. Question: Sodium

    by student007
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    Sodium

    I am a fairly thin person, who eats little saturated and trans fat, and cholesterol. If I were to eat more than the recommended daily intake (like 50% more) of sodium, how badly harmed would I be?...
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    Thanks, I would really appreciate that. But...

    Thanks, I would really appreciate that. But before I read it, would you be able to explain to me the idea that all customers are fully informed? Because if the market's perectly competitive, then...
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    Perfect competition

    I'm in first-year university I was told that this idea is the base of microeconomics. I'm kind of confused about it, so I tried a few sample questions. Namely, I had trouble answering the following...
  50. Question: External costs

    by student007
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    1,770

    External costs

    If a company chooses to outsource production to a cheaper country, what would be the external costs? I believe pollution in the new country would be, but how about the job loss in the initial...
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