ACCT 2101- Final Exam Guide - Comprehensive Notes for the exam ( 32 pages long!)
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ACCT 2101 Full Course Notes
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On exam days, there will be no class. Chapter outlines a week before the exam. Managerial is more focused on how the company is run. Read chapter 1 and uploaded worksheet for homework. All business students have free access to the wall street journal. 96% of accounting majors are placed into jobs after graduation. The president of budget car rental is deciding whether to add luxury cars to the renal car fleet. How much they are willing to pay. Determining the cost of manufacturing a tennis racket at a sportings good store. What is given up to get something else. Pulled from current resources to get another resource/service. Raw materials, works in process, unused materials, finished goods that have not been sold yet. Consumption of assets from the purpose of generating revenue. Product costs transfers to cost of goods sold. Raw materials, work in process, finished goods. The product is broken into 3 categories.
