PreparED Study Materials
MGMT 201: Management Accounting I
School: Purdue University
Number of Notes and Study Guides Available: 1
Notes
Videos
Decoding the Law of Supply: How Prices Drive Production Choices
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Explore the principle of the law of supply and its impact on producers' decisions. Discover how prices, production costs, and the profit motive shape the supply curve. Gain insights into how opportunity costs and collective behavior form the market supply curve.
Decoding Consumer Choices: Utility, Value, and Budget in Economics
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Witness Janice's decision-making process at a market, weighing perceived value against costs. Understand the dynamics of consumer choice in economics. Learn how maximizing utility and budget constraints affect purchasing decisions.
Unlocking Supply: Factors Shaping Economic Supply Curves
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Explore the factors influencing supply in economics in this informative video. Discover how various determinants, from production costs to market competition, impact supply curves. Uncover the essentials of supply dynamics without delving into complex jargon.
Decoding Equity Statements: Stockholders' Equity vs. Retained Earnings
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Explore the significance of financial statements in this video, focusing on the statement of stockholders' equity and the statement of retained earnings. Understand how these documents detail changes in equity accounts, accumulated profits, and dividend disbursements, providing insights into a company's financial health and reporting.
Contra Revenue Accounts: Adjusting for True Revenue in Accounting
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Discover the unique role of contra revenue accounts in accounting, emphasizing their debit balance nature and their use in adjusting gross revenue. Explore examples like sales discounts, returns, and allowances to grasp their impact on a company's reported income.