PreparED Study Materials
ACTY 2100: Principles of Accounting I
School: Western Michigan University
Number of Notes and Study Guides Available: 8
Notes
Study Guides
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.
Demystifying Financial Instruments: T-Bills, CDs, and More
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Explore essential financial instruments without diving into complexity. From Treasury bills to Federal funds, uncover the basics of short-term debt and money market tools that drive economic stability.
Accounting Essentials: Making Information Relevant & Reliable
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Explore the pillars of accounting information: Relevance and Reliability. Understand sub-components like predictive value, timeliness, and verifiability. Discover how these qualities enhance decision-making in finance
Underapplied vs. Overapplied Overhead: Aligning Accurate Financial Rep
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Explore the intricacies of overhead costs in business accounting. Understand the differences between underapplied and overapplied overhead and their impacts on the Cost of Goods Sold. Gain insights into enhancing financial report accuracy through overhead adjustments.
Classifying PPE: Understanding Tangible Assets in Business
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Explore the classification of Property, Plant, and Equipment (PPE) in business accounting. Understand the difference between tangible, intangible, and current assets. Grasp the importance of PPE on a company's balance sheet.
Silver Futures Margin Call: Price Trigger Explained
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Explore a real-world investor scenario in this video, where Jerry Harris engages in silver futures trading. Learn how initial and maintenance margins work, and discover the price threshold that could trigger a margin call. Gain insights into risk management in futures trading and the implications for investors.