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12.  What account is increased with a debit?

Chpt 6:  Harper Hawk Inc. has the following inventory data: Date Accounting Activity Units Unit Price $ Total $ July 1 Beginning inventory 50 $120 $6,000 July 5 Purchases 300 $112 $33,600 Juy14 Sale 200 ? ? July 21 Purchases 150 $115 $17,250 July 30 Sale 140 ? ? Assuming that a periodic inventory system is used, what is the cost of goods sold on a LIFO basis?

6.  In what order are the 4 Financial Statements prepared in? 

Cake Box Incoporate Balance Sheet June 30, 2021 Cash                                         $    195,000            Accounts payable                            $  190,000 Accounts receivable                         150,000            Salaries and wages payable                  50,000 Inventory                                         165,000            Mortgage payable                               140,000 Prepaid insurance                              90,000                 Total liabilities                              $380,000 Stock investments (Short-Term)        255,000            Land                                               170,000                                                                                 Buildings                   $315,000                                Common stock                                  $255,000 Less: Accumulated                                                  Retained earnings                               750,000         depreciation          (60,000)       255,000               Total stockholders’ equity             $1,110,000 Trademarks                                     105,000                  Total liabilities and Total assets                                $1,385,000                    stockholders’ equity                $1,385,000 20. What is the total dollar amount of assets to be classified as current assets?

Chpt 5:  Harper’s accounting records show the following for the year ending on December 31, 2024.  What is the cost of goods purchased? Accounting Category $ Amount Purchase Discounts $    11,200 Freight-In 15,600 Purchases 700,020 Beginning Inventory 47,000 Ending Inventory 57,600 Purchase Returns and Allowances 12,800

 Describe the differences between Marxism and Leninism using historical examples. 

How can extreme poverty be alleviated? 

What impact does migration have on developing countries? 

Discuss the concept of power balance within the bipolar order during the Cold War. Use examples not only of the United States and the Soviet Union but also of peripheral states for your argument.   

Your company is an insurance underwriter, writing insurance policies on a variety of events. You have the following risk matrix, with the likelihood of the events on the left side, and the consequence (in expenses, in millions of USD) along the top. Assume the likelihood of each event is independent of its consequence. Final Exam Q2.png  We are going to use the Risk = Probability x Consequence measurement here. Scenario 1 (hurricane hits small town) has a likelihood of 0.5% and a consequence of $11 million. What is its total risk value? Enter your answer rounded to the whole integer and leave off any currency signs. For example, if you compute $1,234.56 as your answer, you will enter 1235.