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TUGAS SOFTSKIL BAHASA INGGRIS BISNIS 1(BAG.5)

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<b><span style="color: black;">Nama : Ratih Handayani</span></b></div>
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<b><span style="color: black;">NPM   : 31107378</span></b></div>
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<b><span style="color: black;">Kelas  : 3DB01</span></b></div>
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<b>MANAGEMENT AND HUMAN RESOURCES DEVELOPMENT</b></div>
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Managers perform various functions, but one of the most important and least understood aspects of their job is proper utilization of people. Research reveals that worker performance is closely related to motivation; thus keeping employess motivated is an essential componenet of good management. In a business context, motivation refers to the stimulus that directs the behavior of workers toward the company goals. In order to motivate workers to achieve company goals, managers must be aware of their needs.<br />
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Many managers believe workers will be motivated to achieve organizational goals by satisfying their fundamental needs for material survival. These needs include a good salary, safe working conditions, and job security. While absence of these factors result in poor morale and dissatisfaction, studies have shown that their presence result only in maintenance of existing attitudes and work performance. Although important, salary, working conditions and job security do not provide the primary motivation for many workers in highly industrialized societies, especially at the professional or technical levels.<br />
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Increased motivation is more likely to occur when work meets the needs of individuals for learning, self-realization, and personal growth. By responding to personal needs-the desire for responsibility, recognition, growth, promotion, and more interesting work-managers have alteread conditions in the workplace and, consequently, many employess are motivated to perform more effectively.<br />
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In an attempt to appear to both the fundamental and personal needs of workers, innovate management approaches, such us job enchrichment and job enlargement, have been adopted in many organizations. Job enchrichment gives workers more authority in making decision related to planning and doing their work. A worker might assuine responsibility for scheduling work flow, checking quality of work produced, or making sure deadlines are met. Job enlargement increases the number of tasks worker perform by allowing them to rotate positions or by giving them responsibilityfo doing several jobs. Rather than assembling just one component of an automobile, factory workers might be grouped together and given responsibility for assembling the entire fuel system.<br />
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By improving the quality of work life through satisfaction of fundamental an dpersonal employee needs, managers attempt to direct the behavior of workers toward the company goals.<br />
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<b><span style="color: orange; font-family: "Times New Roman","serif"; font-size: 12pt;">MANAJEMEN DAN PENGEMBANGAN SUMBER DAYA MANUSIA</span></b></div>
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<b><span style="color: orange; font-family: "Times New Roman","serif"; font-size: 12pt;"> </span></b><span style="color: orange; font-family: "Times New Roman","serif"; font-size: 12pt;"> <o:p></o:p></span></div>
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<span style="font-family: "Times New Roman","serif"; font-size: 12pt;">Manager melakukan berbagai fungsi, tetapi salah satu yang paling penting dan paling sedikit dipahami aspek pekerjaan mereka adalah pemberdayaan yang tepat orang. Penelitian menunjukkan bahwa kinerja pekerja terkait erat hubungannya dengan motivasi; sehingga tetap termotivasi adalah komponen penting dari manajemen yang baik. Dalam hubungan bisnis, motivasi mengacu pada rangsangan yang mengarahkan perilaku pekerja terhadap tujuan perusahaan. Dalam rangka untuk memotivasi pekerja untuk mencapai tujuan perusahaan, para manajer harus menyadari kebutuhan mereka.   </span><br />
<span style="font-family: "Times New Roman","serif"; font-size: 12pt;">                                                                                                                                                                                                      Banyak manajer percaya bahwa pekerja akan termotivasi untuk mencapai tujuan organisasi dengan memuaskan kebutuhan dasar mereka untuk bahan kelangsungan hidup. Kebutuhan-kebutuhan ini termasuk gaji, kondisi kerja yang aman, dan keamanan kerja. Meskipun tidak adanya faktor-faktor ini menghasilkan moral bobrok dan ketidakpuasan, penelitian telah menunjukkan bahwa kehadiran mereka hanya hasil pemeliharaan sikap dan penampilan kerja. Meskipun penting, gaji, kondisi kerja dan jaminan kerja tidak memberikan motivasi utama bagi banyak pekerja pada masyarakat industry maju, terutama pada tingkat profesional atau teknis. <o:p></o:p> </span><br />
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<span style="font-family: "Times New Roman","serif"; font-size: 12pt;">Peningkatan motivasi lebih mungkin terjadi ketika bekerja memenuhi kebutuhan individu untuk belajar, realisasi diri, dan pertumbuhan pribadi. Dengan menanggapi kebutuhan pribadi-keinginan untuk tanggung jawab, pengakuan, pertumbuhan, promosi, dan pekerjaan lebih menarik-manajer telah mengubah kondisi di tempat kerja, dan tentu saja, banyak pekerja termotivasi untuk bekerja dengan lebih efektif.<o:p></o:p></span></div>
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<span style="font-family: "Times New Roman","serif"; font-size: 12pt;">Dalam usaha untuk menarik keduanya kebutuhan pokok dan kebutuhan pribadi pekerja, berinovasi pendekatan manajemen, seperti penggayaan kerja dan perluasan kerja, telah diterapkan di banyak perusahaan. Penggayaan kerja memberikan wewenang lebih pada pekerja dalam pengambilan keputusan yang berkaitan dengan perencanaan dan melakukan pekerjaan mereka Seorang pekerja mungkin bertanggung jawab untuk penjadwalan giliran kerja, memeriksa kualitas kerja yang dihasilkan, atau memastikan tenggang waktu pertemuan. Perluasan kerja meningkatkan jumlah pekerja melaksanakan tugas dengan membiarkan mereka untuk merotasi jabatan atau dengan memberi mereka tanggung jawab melakukan beberapa pekerjaan. Bukan hanya merakit satu komponen dari sebuah mobil, pekerja pabrik mungkin dikelompokkan bersama-sama dan diberi tanggung jawab untuk perakitan seluruh sistem pembakaran.</span><br />
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<span style="font-family: "Times New Roman","serif"; font-size: 12pt;">Dengan meningkatkan kualitas hidup melalui kepuasan pokok dan yang kebutuhan pribadi pekerja, manajer berusaha untuk mengarahkan perilaku pekerja terhadap tujuan perusahaan. <o:p></o:p></span></div>
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TUGAS SOFTSKIL BAHASA INGGRIS BISNIS 1(BAG.5)

Nama : Ratih Handayani NPM : 31107378 Kelas : 3DB01 MANAGEMENT AND HUMAN RESOURCES DEVELOPMENT Managers perform var...

Wednesday, December 30, 2009

TUGAS SOFTSKIL BAHASA INGGRIS BISNIS 1(BAG.4)

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Nama : Ratih Handayani<br />
Kelas: 3DB01<br />
Npm: 31107378<br />
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<span style="font-size: 14pt;"><span style="color: orange;">ACQUISITION OF CAPITAL</span><o:p></o:p></span></div>
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A corporation needs capital in order to start up, operate, and expand its business. The process of acquiring this capital is known as financing. A corporation uses two basic types of financing: equity financing and debt financing. Equity fnancing refer to funds that are invested by owners of the corporation. Debt financing, on the other hand, refer to funds that are borrowed from sources outside the corporation.</div>
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Equity financing(obtaining owner funds) can be exemplified by the sale of corporate stock. In this type of transaction, the corporation sells units of ownership known as shares of stock. Each share entitles the purchaser to a certain amount of ownership. For example, if someone buys 100 shares of stock from Ford Motor Company that person has purchased 100 shares worth of Fords’s resources, materials, plants, production, and profit. The person who purchases shares of stock is known as a stockholder or shareholder.<br />
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All corporations, regardless of their size, receive their starting capital from issuing and selling shares of stock. The initial sales involve some risk on the part of the buyers because the corporation has no record of performance. If the corporation is successful, the stockholder may profit through increased valuation of amounts of the shares of stock, as well as by receiving dividends. Dividends are proportional amounts of profit usually paid quarterlyto stockholders. However, if the corporation is not successful, the stockholder may take a several loss on the initial stock investment.</div>
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Often equity financing does not provide the corporation with enough capital and it must turn to debt financing, or borrowing funds. One example of debt financinf is the sale of corporate bonds. In this type of agreement, the corporation borrows money from an investor in return for a bond. The bond has a maturity date, a deadline when the corporation must repay all of the money it has borrowed. The corporation must also make periodic interest payments to the bondholder during the time the money is borrowed. If these oblingations are not met, the corporation can be forced to sell its assets in order to make payments to the bondholders.</div>
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All business need financial support. Equity financing (as in the sale of stock) and debt financing (as in the sale of bonds) provide important means by which a corporation may obtain its capital.</div>
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<span style="color: blue;">Terjemahan</span>:</div>
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<b><span style="font-size: 14pt;"><span style="color: orange;">PENGUASAAN MODAL</span><o:p></o:p></span></b></div>
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            Sebuah perusahaan membutuhkan modal untuk memulai, menjalankan dan mengembangkan perusahaan. Proses penguasaan modal ini dikenal sebagai perolehan dana. Perusahaan menggunakan dua tipe dasar perolehan dana: perolehan dari dana sendiri dan perolehan dana dari berhutang. Perolehan dari dana sendiri maksudnya dana diinvestasikan oleh pemilik perusahaan. Perolehan dana dari berhutang, sebaliknya, maksudnya dana dipinjam dari sumber diluar perusahaan.</div>
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            Perolehan dari dana sendiri (perolehan dana dari pemilik) dapat diberikan contoh dengan menjual saham perusahaan. Dalam jenis transaksi ini, perusahaan menjual unit-unit kepemilikan yang disebut saham. Setiap bagian memberi hak kepada pembeli untuk sejumlah tertentu kepemilikan. Sebagai contoh, jika seseorang membeli 100 saham dari Perusahaan Motor Ford bahwa seseorang membeli seratus bagian nilai kekayaan Ford, bahan, pabrik, produksi, dan keuntungan. Seseorang yang membeli saham disebut pemegang saham.</div>
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            Semua perusahaan, tidak pandang besar kecilnya, menerima modal awal mereka dari pengeluaran dan penjualan saham. Penjualan permulaaan melibatkan beberapa resiko bagian dari pembeli karena perusahaan tidak mempunyai catatan kinerja. Jika perusahaan sukses, pemegang saham dapat memperoleh keuntungan yang proporsional biasanya dibayar tiap 3 bulan kepada pemegang saham. Bagaimanapun, jika perusahaan tidak sukses, pemegang saham dapat mengalami kerugian besar dari penerima investasi.   </div>
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              Sering kali perolehan dari dana sendiri tidak disediakan perusahaan dengan cukup modal dan perusahaan harus beralih ke perolehan dari dana berhutang, atau meminjam dana. Satu contoh dari perolehan dana dari berhutang adalah menjual saham <st1:place w:st="on"><st1:city w:st="on">surat</st1:city></st1:place> tanda berhutang. Ini adalah jenis perjanjian, perusahaan maminjam uang dari seorang investor sebagai pengganti sebuah <st1:place w:st="on"><st1:city w:st="on">surat</st1:city></st1:place> tanda berhutang. <st1:place w:st="on"><st1:city w:st="on">Surat</st1:city></st1:place> tanda berhutang mempunyai tanggal jatuh tempo, batas akhir perusahaan harus membayar kembali semua uang yang dipinjam. Perusahaaan harus juga melakukan pembayaran bunga berkala ke pemegang bond selama waktu uamg itu dipinjam. Jika kewajiban ini tidak terpenuhi, perusahaan dapat dipaksa untuk menjual asset untuk membayar kepada pemegang bond.</div>
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            Semua usaha membutuhkan dukungan dana. Perolehan dari dana sendiri (seperti menjual saham) dari perolehan dana dari berhutang (seperti menjual surat tanda berhutang) memberikan jalan yang penting dengan mana sebuah perusahaan mungkin mendapatkan modal itu.</div>
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TUGAS SOFTSKIL BAHASA INGGRIS BISNIS 1(BAG.4)

Nama : Ratih Handayani Kelas: 3DB01 Npm: 31107378 --> ACQUISITION OF CAPITAL A corporation needs capital in order to start...

Thursday, December 24, 2009

TUGAS SOFTSKIL BAHASA INGGRIS BISNIS 1 ( BAG.3)

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<i><st1:city w:st="on"><st1:place w:st="on"></st1:place></st1:city><b><o:p>Nama: Ratih Handayani</o:p></b></i><br />
<i><b><o:p>Kelas: 3DB01</o:p></b></i><br />
<i><b><o:p>NPM: 31107378</o:p></b></i><br />
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<i><b><o:p>Reading</o:p></b></i></div>
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<b><span style="font-size: 13.5pt;">THE BALANCE SHEET</span></b></div>
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Financial statements are the final product of the accounting process. They provide information on the financial condition of a company. The balance sheet, one type of financial statement, provides a summary of what a company owns and what it owes on one particular day.</div>
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Assets represent everything of value that is owned by a business, such as property, equipment, and accounts receivable. On the other hand, liabilities are the debts that a company owes-for example, to suppliers and banks. If liabilities are subtracted from assets (assets-liabilities) the amount remaining is the owners share of a business. This is known as owners’ or stockholders equity.</div>
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One key to understanding the accounting transactions of a business is to understand the relationship of its assets, liabilities, and owners’ equity. This is often represented by the fundamental accounting equation: assets equal liabilities plus owners’ equity.</div>
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ASSETS = LIABILITIES + OWNERS’ EQUITY</div>
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These three factors are expressed in monetary terms and therefore are limited to items that can be given a monetary value. The accounting equation always remains in balance; in other words, one side must equal the other.</div>
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The balance sheet expands the accounting equation by providing more informa- tion about the assets, liabilities, and owners’ equity of a company at a specific time (for example, on December 31, 1993). It is made up of two parts. The first part lists the company assets, andmthe second part details liabilities and owners’ equity. Assets are divided into current and fixed assets. Cash, accounts receivable and inventories are all current assets. Property, buildings, and equipment make up the fixed assets of a company. The liabilities section of the balance sheet is often divided into current liabilities<br />
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The balance sheet provides a financial picture of a company on a particular date, and for this reason it is useful in two important areas. Internally, the balance sheet provides managers with financial information for company decisionmaking. Externally, it gives potential investors data for evaluating the company’s financial position.</div>
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<i><b><o:p>Comprehension </o:p> </b></i></div>
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<b>A. Answer the following questions about the balance sheet. Questions with asterisks (*) cannot be answered   directly from the text.</b></div>
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   1. What is the final product of the accounting process?</div>
       Answer: The final product of the accounting process is the balance sheet.<br />
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2. What is a balance sheet?</div>
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   Answer: A balance sheet is a final statement that provides a summary of what a company owns and what it owes on one particular day. </div>
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3. Does the balance sheet provide financial information for a long period of time (for example, January to June 1993) or does it provide information for a specific point in time (for example, on June 30, 1993)?</div>
<div style="margin: 5pt 0in 0.0001pt 0.25in; text-align: justify; text-indent: -9.35pt;">
   Answer: It provides information for a specific point in time, for example, on Jun 30, 1993.</div>
<div style="margin: 5pt 0in 0.0001pt 0.25in; text-align: justify; text-indent: -9.35pt;">
4. What is the difference between assets and liabilities? </div>
<div style="margin: 5pt 0in 0.0001pt 0.25in; text-align: justify; text-indent: -9.35pt;">
   Answer: Assets represent everything of value that is owned by a business, liabilities are the debts that is   a company owes. </div>
<div style="margin: 5pt 0in 0.0001pt 0.25in; text-align: justify; text-indent: -9.35pt;">
5. How is owners’ or stockholders’ equity determined?</div>
<div style="margin: 5pt 0in 0.0001pt 0.25in; text-align: justify; text-indent: -9.35pt;">
    Answer:<link href="file:///C:%5CDOCUME%7E1%5CRATIHH%7E1%5CLOCALS%7E1%5CTemp%5Cmsohtml1%5C03%5Cclip_filelist.xml" rel="File-List"></link><style>
<span style="font-family: "Times New Roman"; font-size: 12pt;"> Owners’ or stockholders’ equity is determined by subtracting liabilities from assets</span> <div style="margin: 5pt 0in 0.0001pt 0.25in; text-align: justify; text-indent: -9.35pt;">
<br /></div>
<div style="margin: 5pt 0in 0.0001pt 0.25in; text-align: justify; text-indent: -9.35pt;">
6. How can the relationship between assets, liabilities, and owners’ equity be repre- sented?</div>
<div style="margin: 5pt 0in 0.0001pt 0.25in; text-align: justify; text-indent: -9.35pt;">
   Answer: It can be represented by the fundamental accounting equation assets equal liabilities plus owners’ equity. </div>
<div style="margin: 5pt 0in 0.0001pt 0.25in; text-align: justify; text-indent: -9.35pt;">
7. Does the accounting equation always remain in balance? *Why or why not?</div>
<div style="margin: 5pt 0in 0.0001pt 0.25in; text-align: justify; text-indent: -9.35pt;">
   Answer: Yes, it does. Because one side must equal the other. If not, it must be wrong with the recording.  </div>
<div style="margin: 5pt 0in 0.0001pt 0.25in; text-align: justify; text-indent: -9.35pt;">
8. How can business use a balance sheet? *As a manager, how would you find a balance sheet useful?</div>
<div style="margin: 5pt 0in 0.0001pt 0.25in; text-align: justify; text-indent: -9.35pt;">
   Answer: A balance is useful for a business, because it provides a financial picture of a compa- ny on a particular day. It provides managers with financilal information for company decision making. </div>
<div style="margin: 5pt 0in 0.0001pt 0.25in; text-align: justify; text-indent: -9.35pt;">
<o:p></o:p> </div>
<o:p></o:p>  <br />
<div style="margin: 5pt 0in 0.0001pt 9.35pt; text-align: justify; text-indent: -9.35pt;">
<b>B. Complete the balance sheet by writing in the correct terms from the list bellow.</b></div>
<div style="margin: 5pt 0in 0.0001pt 9.35pt; text-align: justify; text-indent: -9.35pt;">
assets                           current liabilities                                long-term liabilities</div>
<div style="margin: 5pt 0in 0.0001pt 9.35pt; text-align: justify; text-indent: -9.35pt;">
liabilities                       fixed assets                                       current assets</div>
<div style="margin: 5pt 0in 0.0001pt 9.35pt; text-align: justify; text-indent: -9.35pt;">
stockholders’ equity</div>
<div style="margin: 5pt 0in 0.0001pt 9.35pt; text-align: justify; text-indent: -9.35pt;">
<span id="fullpost"> <br />
</span></div>
<table border="1" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border: 1pt outset black; width: 383px;"><tbody>
<tr style="height: 1.5pt;">   <td colspan="8" style="border: 1pt inset black; height: 1.5pt; padding: 5.25pt; width: 411.75pt;" valign="bottom" width="549"><div style="text-align: justify;">
<b><span style="font-size: 10pt;">International Manufacturing, Inc</span></b></div>
</td>  </tr>
<tr style="height: 2.25pt;">   <td colspan="8" style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 411.75pt;" valign="bottom" width="549"><div style="text-align: justify;">
<span style="font-size: 10pt;">Balance Sheet</span></div>
</td>  </tr>
<tr style="height: 2.25pt;">   <td colspan="8" style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 411.75pt;" valign="bottom" width="549"><div style="text-align: justify;">
<span style="font-size: 10pt;">December 31, 1993</span></div>
</td>  </tr>
<tr style="height: 2.25pt;">   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 101.25pt;" valign="bottom" width="135"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 73.5pt;" valign="bottom" width="98"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 79.5pt;" valign="bottom" width="106"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 72.75pt;" valign="bottom" width="97"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
</td>  </tr>
<tr style="height: 2.25pt;">   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 101.25pt;" valign="bottom" width="135"><div style="text-align: justify;">
<i><u><span style="font-size: 10pt;">Assets</span></u></i></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 73.5pt;" valign="bottom" width="98"><div style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 79.5pt;" valign="bottom" width="106"><div style="text-align: justify;">
<i><u><span style="font-size: 10pt;">Liabilities</span></u></i></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 72.75pt;" valign="bottom" width="97"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
</td>  </tr>
<tr style="height: 2.25pt;">   <td colspan="2" style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 114pt;" valign="bottom" width="152"><div style="text-align: justify;">
<i><u><span style="font-size: 10pt;">Current assets</span></u></i></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 73.5pt;" valign="bottom" width="98"><div style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
</td>   <td colspan="2" style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 93pt;" valign="bottom" width="124"><div style="text-align: justify;">
<i><u><span style="font-size: 10pt;">Current liabilities</span></u></i></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 72.75pt;" valign="bottom" width="97"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
</td>  </tr>
<tr style="height: 2.25pt;">   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 101.25pt;" valign="bottom" width="135"><div style="text-align: justify;">
<span style="font-size: 10pt;">Cash</span></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 73.5pt;" valign="bottom" width="98"><div style="text-align: justify;">
<span style="font-size: 10pt;">$ 49,400</span></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
</td>   <td colspan="2" style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 93pt;" valign="bottom" width="124"><div style="text-align: justify;">
<span style="font-size: 10pt;">Accounts payable</span></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 72.75pt;" valign="bottom" width="97"><div style="text-align: justify;">
<span style="font-size: 10pt;">$ 30,000</span></div>
</td>  </tr>
<tr style="height: 2.25pt;">   <td colspan="2" style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 114pt;" valign="bottom" width="152"><div style="text-align: justify;">
<span style="font-size: 10pt;">Accounts receivable</span></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 73.5pt;" valign="bottom" width="98"><div style="text-align: justify;">
<span style="font-size: 10pt;">1,600</span></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
</td>   <td colspan="2" style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 93pt;" valign="bottom" width="124"><div style="text-align: justify;">
<span style="font-size: 10pt;">Income texes payable</span></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 72.75pt;" valign="bottom" width="97"><div style="text-align: justify;">
<u><span style="font-size: 10pt;">19,000</span></u></div>
</td>  </tr>
<tr style="height: 2.25pt;">   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 101.25pt;" valign="bottom" width="135"><div style="text-align: justify;">
<span style="font-size: 10pt;">Inventories</span></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 73.5pt;" valign="bottom" width="98"><div style="text-align: justify;">
<u><span style="font-size: 10pt;">53,000</span></u></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 79.5pt;" valign="bottom" width="106"><div style="text-align: justify;">
<span style="font-size: 10pt;">Total</span></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 72.75pt;" valign="bottom" width="97"><div style="text-align: justify;">
<span style="font-size: 10pt;">$ 49,000</span></div>
</td>  </tr>
<tr style="height: 2.25pt;">   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 101.25pt;" valign="bottom" width="135"><div style="text-align: justify;">
<span style="font-size: 10pt;">Total</span></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 73.5pt;" valign="bottom" width="98"><div style="text-align: justify;">
<span style="font-size: 10pt;">$104,000</span></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
</td>   <td colspan="2" style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 93pt;" valign="bottom" width="124"><div style="text-align: justify;">
<i><u><span style="font-size: 10pt;">Long-term liabilities</span></u></i></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 72.75pt;" valign="bottom" width="97"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
</td>  </tr>
<tr style="height: 2.25pt;">   <td colspan="2" style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 114pt;" valign="bottom" width="152"><div style="text-align: justify;">
<i><u><span style="font-size: 10pt;">Fixed assets</span></u></i></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 73.5pt;" valign="bottom" width="98"><div style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 79.5pt;" valign="bottom" width="106"><div style="text-align: justify;">
<span style="font-size: 10pt;">Bonds</span></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 72.75pt;" valign="bottom" width="97"><div style="text-align: justify;">
<span style="font-size: 10pt;">$ 20,000</span></div>
</td>  </tr>
<tr style="height: 2.25pt;">   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 101.25pt;" valign="bottom" width="135"><div style="text-align: justify;">
<span style="font-size: 10pt;">Property</span></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 73.5pt;" valign="bottom" width="98"><div style="text-align: justify;">
<span style="font-size: 10pt;">$ 15,000</span></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
</td>   <td colspan="2" style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 93pt;" valign="bottom" width="124"><div style="text-align: justify;">
<span style="font-size: 10pt;">long-term liabilities</span></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 72.75pt;" valign="bottom" width="97"><div style="text-align: justify;">
<u><span style="font-size: 10pt;">40,000</span></u></div>
</td>  </tr>
<tr style="height: 2.25pt;">   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 101.25pt;" valign="bottom" width="135"><div style="text-align: justify;">
<span style="font-size: 10pt;">Buildings</span></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 73.5pt;" valign="bottom" width="98"><div style="text-align: justify;">
<span style="font-size: 10pt;">50,000</span></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 79.5pt;" valign="bottom" width="106"><div style="text-align: justify;">
<span style="font-size: 10pt;">Total</span></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 72.75pt;" valign="bottom" width="97"><div style="text-align: justify;">
<span style="font-size: 10pt;">$ 60,000</span></div>
</td>  </tr>
<tr style="height: 2.25pt;">   <td colspan="2" style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 114pt;" valign="bottom" width="152"><div style="text-align: justify;">
<span style="font-size: 10pt;">Equipment</span></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 73.5pt;" valign="bottom" width="98"><div style="text-align: justify;">
<u><span style="font-size: 10pt;">10,000</span></u></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 79.5pt;" valign="bottom" width="106"><div style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 72.75pt;" valign="bottom" width="97"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
</td>  </tr>
<tr style="height: 2.25pt;">   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 101.25pt;" valign="bottom" width="135"><div style="text-align: justify;">
<span style="font-size: 10pt;">Total</span></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 73.5pt;" valign="bottom" width="98"><div style="text-align: justify;">
<span style="font-size: 10pt;">$ 75,000</span></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
</td>   <td colspan="2" style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 93pt;" valign="bottom" width="124"><div style="text-align: justify;">
<span style="font-size: 10pt;">Total liabilities</span></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 72.75pt;" valign="bottom" width="97"><div style="text-align: justify;">
<u><span style="font-size: 10pt;">$109,000</span></u></div>
</td>  </tr>
<tr style="height: 2.25pt;">   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 101.25pt;" valign="bottom" width="135"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 73.5pt;" valign="bottom" width="98"><div style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
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<br /></div>
</td>   <td colspan="2" style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 93pt;" valign="bottom" width="124"><div style="text-align: justify;">
<i><u><span style="font-size: 10pt;">Stockholders' equity</span></u></i></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 72.75pt;" valign="bottom" width="97"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
</td>  </tr>
<tr style="height: 2.25pt;">   <td colspan="2" style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 114pt;" valign="bottom" width="152"><div style="text-align: justify;">
<span style="font-size: 10pt;">Total assets</span></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 73.5pt;" valign="bottom" width="98"><div style="text-align: justify;">
<u><span style="font-size: 10pt;">$179,000</span></u></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
</td>   <td colspan="2" style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 93pt;" valign="bottom" width="124"><div style="text-align: justify;">
<span style="font-size: 10pt;">Common stock</span></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 72.75pt;" valign="bottom" width="97"><div style="text-align: justify;">
<span style="font-size: 10pt;">$ 47,000</span></div>
</td>  </tr>
<tr style="height: 2.25pt;">   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 101.25pt;" valign="bottom" width="135"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 73.5pt;" valign="bottom" width="98"><div style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
</td>   <td colspan="2" style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 93pt;" valign="bottom" width="124"><div style="text-align: justify;">
<span style="font-size: 10pt;">Retained earnings</span></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 72.75pt;" valign="bottom" width="97"><div style="text-align: justify;">
<u><span style="font-size: 10pt;">23,000</span></u></div>
</td>  </tr>
<tr style="height: 2.25pt;">   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 101.25pt;" valign="bottom" width="135"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 73.5pt;" valign="bottom" width="98"><div style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 79.5pt;" valign="bottom" width="106"><div style="text-align: justify;">
<span style="font-size: 10pt;">Total</span></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 72.75pt;" valign="bottom" width="97"><div style="text-align: justify;">
<span style="font-size: 10pt;">$ 70,000</span></div>
</td>  </tr>
<tr style="height: 2.25pt;">   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 101.25pt;" valign="bottom" width="135"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
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<br /></div>
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<br /></div>
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<br /></div>
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<br /></div>
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<br /></div>
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<br /></div>
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<br /></div>
</td>  </tr>
<tr style="height: 2.25pt;">   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 101.25pt;" valign="bottom" width="135"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 73.5pt;" valign="bottom" width="98"><div style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
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<br /></div>
</td>   <td colspan="2" style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 93pt;" valign="bottom" width="124"><div style="text-align: justify;">
<span style="font-size: 10pt;">Total liabilities and</span></div>
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<br /></div>
</td>  </tr>
<tr style="height: 2.25pt;">   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 101.25pt;" valign="bottom" width="135"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 73.5pt;" valign="bottom" width="98"><div style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 0.1in;" valign="bottom" width="10"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
</td>   <td colspan="2" style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 93pt;" valign="bottom" width="124"><div style="text-align: justify;">
<span style="font-size: 10pt;">stockholders' equity</span></div>
</td>   <td style="border: 1pt inset black; height: 2.25pt; padding: 5.25pt; width: 72.75pt;" valign="bottom" width="97"><div style="text-align: justify;">
<u><span style="font-size: 10pt;">$179,000</span></u></div>
</td>  </tr>
<tr style="height: 1.5pt;">   <td style="border: 1pt inset black; height: 1.5pt; padding: 5.25pt; width: 101.25pt;" valign="bottom" width="135"><div class="MsoNormal" style="text-align: justify;">
<br /></div>
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<br /></div>
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<br /></div>
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<br /></div>
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<br /></div>
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<br /></div>
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<br /></div>
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<br /></div>
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</tbody></table>
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<br /></div>
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<o:p> <i><b>Vocabulary Excercise </b></i><br />
</o:p></div>
<div style="margin: 5pt 0in 0.0001pt 0.25in; text-align: justify; text-indent: -0.25in;">
A. Write down any term that you did understand in the reading. Find each term in the reading, look at its context, and try to figure out the meaning. Discuss these terms with your classmates.</div>
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<br /></div>
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B. Look at the terms in the left-hand column and find the correct synonyms or definition in the right-hand column. Copy the corresponding letters in the blanks.</div>
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1. <b><i><u>G </u></i></b>property (line 6) a. assets equal liabilities plus owners’ equity</div>
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2. <b><i><u>D </u></i></b>equal (line 12) b. provide information item by item</div>
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3. <b><i><u>F </u></i></b>condition (line 2) c. indicate by words or symbols</div>
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4. <b><i><u>B </u></i></b>detail (line 21) d. have the same value as</div>
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  <div style="margin: 5pt 0in 0.0001pt 0.25in; text-align: justify; text-indent: -0.25in;">
5. <b><i><u>A </u></i></b>accounting equation (line 12) e. a series of transactions, changes, or functi-ons that bring about a particular result</div>
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6. <b><i><u>H </u></i></b>monetary (line 15) f. the existing circumstance</div>
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7. <b><i><u>E </u></i></b>process (line 1) g. anything owned by a person</div>
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8. <b><i><u>C </u></i></b>express (line 15) h. of or pertaining to money</div>
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<br /></div>
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<b>C. Discuss the following questions with a partner. In giving your answers, try to use the italicized terms.</b></div>
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-->  <div style="margin: 5pt 0in 0.0001pt 0.25in; text-align: justify; text-indent: -0.25in;">
1. What is the difference between accounts <i>receivable</i> and accounts <i>payable</i>?</div>
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2. Why are accounts <i>receivable</i> and cash considered current <i>assets</i> while <i>property</i> and equipment are considered fixed <i>assets</i>? What do you think the difference between current and fixed <i>assets</i>?</div>
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3. The <i>owners’ equity</i> in a company equals assets minus liabilities. What is meant by <i>owners’</i> (or stockholders’) <i>equity</i>?</div>
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4. If you were a manager, how would you use the balance sheet to evaluate you company’s financial <i>condition</i>?</div>
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5. What do you consider your personal <i>assets</i>? Do you have any <i>liabilities</i>? What are they?</div>
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<br /></div>
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Answer:</div>
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1.   Accounts receivable is assets and accounts payable is liabilities.</div>
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2.   Because they are easly changed into money.</div>
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3.   Nett owning.</div>
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4.   The manager know were the company is financial healthy.</div>
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5.   <st1:city w:st="on"><st1:place w:st="on">Mobile</st1:place></st1:city>.</div>
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<br /></div>
<div style="margin-bottom: 0.0001pt; text-align: justify;">
<b><i><u><br />
</u></i></b></div>
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<i><b>Text Analysis </b></i></div>
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<br /></div>
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<b>Look at the reading to answer these questions.</b></div>
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<br /></div>
<div style="margin-bottom: 0.0001pt; text-align: justify;">
1. What does each of the following refer to?</div>
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    LINES                     WORDS                                          REFERENTS</div>
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       1                             they                                            <i><u>financial statement</u></i></div>
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       9                             this                                            <i><u>the owners’ share if a business</u></i></div>
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      11                            this                                           <i><u>the relationship of its assets</u></i></div>
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      15                            these three factors                    <i><u>assets, liabilities and owners’ equity</u></i></div>
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<br /></div>
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2. In line 6, what are <i>property, equipment, and accounts receivable</i> examples of?</div>
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     Assets </div>
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3. In line 7, what do <i>suppliers and banks</i> refer to?</div>
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<i>    </i>To whom the company has depts..</div>
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4. In lines 5-7. two different phrases are used to incorporate example in the reading. What are these phrases?</div>
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    a. <i><u>Assets</u></i></div>
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    b. <i><u>Liabilities</u></i></div>
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5. Another method of clarification by example is the use of mathematical representations. From the reading, copy examples that use mathematical symbols.</div>
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   a. <i><u>The fundamental accounting equation.</u></i></div>
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   b. <i><u>Assets equal to liabilities plus owners’ equity.</u></i></div>
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6.In lines 28-31, two uses of the balance sheet are given. What are the key words that show each of these uses is in a different area? What uses does each word introduce?</div>
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    KEYWORDS                  USES</div>
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<o:p><i><b>Classification</b></i></o:p></div>
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<o:p><i><b> </b></i> <br />
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<o:p></o:p>Categories of the balance sheet can be classified to show the relationship between them. Fill in the following blanks based on the information provided in the reading and in Figure 1 (page 79).</div>
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Class: Assets Class: Liabilities</div>
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Members: <i><u>Current assets</u></i> Members: <i><u>Current liabilities</u></i></div>
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<i><u>Fixed assets</u></i> <i><u>Long-term liabilities</u></i></div>
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Class      :   Current assets                                               Class      : <i><u>Current liabilities</u></i></div>
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Members:   <i><u>Cash</u></i>                                                            Members: Accounts payable</div>
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<i>                  Fixed assets</i>                                                                 <i>Long-term liabilities</i></div>
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Class      :  <i><u>Fixed assets</u></i>                                                 Class       : Long-term liabilities</div>
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Members:  <i><u>Property</u></i>                                                      Members : <i><u>Bonds</u></i></div>
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<i>                 Buildings</i> <i>Long-term notes</i></div>
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                 <i>Equipment</i></div>
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<i><b>Application</b></i> </div>
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<b>Using the information in the reading, answer the following questions. Give reasons to support your answers.</b></div>
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1.Which of the following is <i>not</i> a fixed assets: office equipment, machinery, marketable securities, land, and buildings? Why?</div>
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<i>   Marketable securities. Because its easy to change into money.</i></div>
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2. Are the following liabilities current or long-term: bank loans payable, accounts payable, mortgage bonds payable, taxes payable, and long-term notes payable? List each under the correct heading.</div>
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   <b>CURRENT LIABILITIES </b>                    <b>LONG-TERM LIABILITIES</b></div>
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<i>    Accounts payable</i>                                     <i>Bank loans payable</i></div>
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<i>   Taxes payable</i>                                           <i>Mortgage bonds payable</i></div>
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<i>   Notes payable</i></div>
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<u><i> </i></u><br />
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TUGAS SOFTSKIL BAHASA INGGRIS BISNIS 1 ( BAG.3)

--> Nama: Ratih Handayani Kelas: 3DB01 NPM: 31107378 Reading THE BALANCE SHEET Financial statements are the fina...

Monday, November 16, 2009

TUGAS SOFTSKILL BAHASA INGGRIS BISNIS1(BAG.2)

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<b><span style="font-size: 14pt;"><br /></span></b>
<b><span style="font-size: 14pt;">Nama: Ratih Handayani</span></b></div>
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<b><span style="font-size: 14pt;">Kelas: 3DB01</span></b></div>
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<b><span style="font-size: 14pt;">NPM: 31107378<br />
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<i><b>Reading</b></i></div>
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<b><span style="font-size: 14pt;">AN ACCOUNTING OVERVIEW<o:p></o:p></span></b></div>
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Accounting is frequently called the “language of business” because of its ability to communicate financial information abaout an organization. Various interested parties, such as managers, potential investors, creditors, and the government, depend on a company’s accounting system to help them make informed financial decisions. An affective accounting system, therefore, must include accurate collecting, recording, classifying, summarizing, interpreting, and reporting of information on the financial status of an irganization.</div>
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In order to achieve a standardized system, the accounting process follows accounting principles and rules. Regardless of the type of business or the amount of money involved, common procedures for handling and presenting financial information are used. Incoming money (revenues) and outgoing money (expenditures) are carefully monitored, and transaction are summarized in financial statements, which reflect the major financial activities of an organization.</div>
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Two common financial statements are the balance sheet and the income statement. The balance sheet shows the financial position of a company at one point in time, while the income statement shows financial performance of a company over a period of time. Financial statement allow interested parties to compare one organization to another and/or to compare accounting periods within one organization. For example, an investor may compare the most recent income statements of two corporations in order to find out which one would be a better investement.<br />
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People who specialize in the field of accounting are known as accountants. In the <st1:country-region w:st="on"><st1:place w:st="on">United States</st1:place></st1:country-region>, accountants are usually classified as public, private, or governmental. Public accountants work independently and provide accounting services such as auditing and tax computation to companies and individuals. Public accountants may earn the title of CPA(Certified Public Accountant) by fulfilling rigorous requirements. Private accountants work solely for private companies or corporations that hire them to maintain financial records, and governmental accountants work for governmental agencies or bureaus. Both private and governmental accountants are paid on a salary basis, whereas public accountants receive fees for their services.</div>
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Through effective application of commonly accepted accounting systems private, public, and govermmental accountants provide accurate and timely financial information that is necessary for organization decision making.</div>
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<b><i>Comprehension<o:p></o:p></i></b></div>
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A.<span style="font-family: "Times New Roman"; font-size-adjust: none; font-size: 7pt; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">    </span>Answer the following question about accounting. Question with asterisks cannot be answered directly from the text.</div>
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1.<span style="font-family: "Times New Roman"; font-size-adjust: none; font-size: 7pt; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">      </span>Why is accounting called the “language of business”?</div>
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Answer :</div>
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According is called the “language of business” because of its ability to communicate financial information about on organization.</div>
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2.<span style="font-family: "Times New Roman"; font-size-adjust: none; font-size: 7pt; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">      </span>How is a standardized accounting system achieved?</div>
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Answer:</div>
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In order to achive a standardized accounting system the accounting process follows accounting principles and rules.</div>
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3.<span style="font-family: "Times New Roman"; font-size-adjust: none; font-size: 7pt; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">      </span>What are revenues and expenditures?</div>
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Answer:</div>
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Revenues are incoming money and expenditures are outgoing money.</div>
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4.<span style="font-family: "Times New Roman"; font-size-adjust: none; font-size: 7pt; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">      </span>What do the balance sheet and income statement have in common? How are they different?</div>
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Answer:</div>
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The balance sheet and the income statement are two common financial statement. They are different, the first shows the financial position of a company of one point of time, while the second shows the financial performance of a company over a period of time.</div>
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5.<span style="font-family: "Times New Roman"; font-size-adjust: none; font-size: 7pt; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">      </span>*How might the information contained in financial statements be useful to managers? *How might creditors use this information?</div>
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Answer:</div>
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The information contained in financial statements might be usefull to creditors in help them to find out whether the company will be able to repay the credit on time or not.</div>
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6.<span style="font-family: "Times New Roman"; font-size-adjust: none; font-size: 7pt; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">      </span>How are accountans classified in the <st1:country-region w:st="on"><st1:place w:st="on">United States</st1:place></st1:country-region>?</div>
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In <st1:place w:st="on"><st1:country-region w:st="on">United States</st1:country-region></st1:place>, accountants are classified as public, private, and governmental. </div>
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7.<span style="font-family: "Times New Roman"; font-size-adjust: none; font-size: 7pt; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">      </span>What kinds of services do public accountants provide?</div>
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Answer:</div>
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Public accountant provide accounting services such as auditing and tax computation to companies and individuals.</div>
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8.<span style="font-family: "Times New Roman"; font-size-adjust: none; font-size: 7pt; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">      </span>What is a CPA? *Do you have a similar type of position in your country? *Explain.</div>
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A CPA is a Certified Public Accountant. Yes, we had. Formerly faculty of economic graduates of 5 elite universities got ‘Drs….AK’ degree.</div>
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9.<span style="font-family: "Times New Roman"; font-size-adjust: none; font-size: 7pt; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">      </span>*Which type of accounting-public, private, or governmental-appeals to you the most? *Why? </div>
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Answer:</div>
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Personal question</div>
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10.<span style="font-family: "Times New Roman"; font-size-adjust: none; font-size: 7pt; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">  </span>*What are some management decisions that might be based on accounting information?</div>
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Answer:</div>
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In some company financial decision making might be based on accounting information. For example the management want to expands its business to build a bigger factory to introduce new variety of goods.</div>
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B.<span style="font-family: "Times New Roman"; font-size-adjust: none; font-size: 7pt; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">     </span>Circle the letter of the answer that best completes each of the sentences below.</div>
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1.<span style="font-family: "Times New Roman"; font-size-adjust: none; font-size: 7pt; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">      </span>Accounting information is used by <u>______</u>to help them make financial decisions.</div>
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a. managers</div>
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b. potential investors</div>
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c. creditors</div>
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<b><u>d</u>. all of the above<o:p></o:p></b></div>
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2.<span style="font-family: "Times New Roman"; font-size-adjust: none; font-size: 7pt; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">      </span>Regardless of the type of business or the amount of money ivolved :</div>
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a. all companies use identical accounting systems</div>
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b. balance sheets are more important than income statements</div>
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<b><u>c</u>. common procedures are used in handling financial information<o:p></o:p></b></div>
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d. no standardized accounting system is employed</div>
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3.  Business monetary transactions are summarized in :</div>
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a. bank books</div>
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<b><u>b.</u> financial statements<o:p></o:p></b></div>
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c. computers</div>
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d. cash registers</div>
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4.  Public accountants may earn the title of CPA by :</div>
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a. becoming governmental accountans</div>
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b. paying a fee</div>
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<b><u>c.</u> fulfilling rigorous requirements<o:p></o:p></b></div>
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d. obtaining a Bachelor of arts degree in accounting</div>
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5.  Private and governmental accountatnts are paid on a____basis.</div>
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<b><u>a</u>. salary<o:p></o:p></b></div>
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b. monthly</div>
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c. fee</div>
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d. weekly</div>
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<br /></div>
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<i>Vacabulary Exercises<o:p></o:p></i></div>
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<br /></div>
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A.<span style="font-family: "Times New Roman"; font-size-adjust: none; font-size: 7pt; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">    </span><b>Subtitute appropriate terms for the italicized words or phrases in the sentences below</b>.</div>
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<br /></div>
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status         agencies           monitored        maintain          independently</div>
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procedure  fee                   hire                  rigorous          solely</div>
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<br /></div>
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1.  Many accounting departments have <i>strict</i> enterance requirements; only the most qualified applicants are allowed to enter these programs. <i><u>rigorous</u></i></div>
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2.  The particular <i>method</i> used to process employee insurance claims may vary from company to company <i><u>procedure</u></i></div>
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3.   The stock market is <i>closely</i> watched every day. <i><u>monitored</u></i></div>
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4.  Rather than expand into foreign lines, the dress shop manager chose to deal <i>only </i>with domestic fashion designers. <i><u>solely</u></i></div>
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5.   Although the consultant’s <i>charge</i> <i>for services</i> was high, his guidance and advice were well worth the money.<i><u> fee</u></i></div>
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6.   The financial <i>condition</i> of a company is reflected in its financial statements. <i><u>status</u></i></div>
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7.  When the business began to expand, a second bookkeeper was brought in to help <i>keep</i> the books. <i><u>maintain</u></i></div>
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8.  In the <st1:country-region w:st="on"><st1:place w:st="on">United States</st1:place></st1:country-region> there are numerous <i>organizations</i> that provide services at the local, state, and national levels. <i><u>Agencies<o:p></o:p></u></i></div>
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<br /></div>
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<b>B. Complete the sentences with the noun, verb, and adjective forms provided.<o:p></o:p></b></div>
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<br /></div>
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1.   Communication/to communicate/communicative</div>
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a.   Supervisor should strive for two-way <i><u>communication</u></i> with their employees.</div>
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b.  By using an overhead projector, the guest speaker was able <i><u>to</u></i> <i><u>communicate</u></i> his   statistical information clearly.</div>
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c.  Because of the clerk’s highly developed <i><u>communicative</u></i> skills, she was given a position that required her to deal directly with customers</div>
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2.   Information/informed/informative</div>
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a.   The owner <i><u>informed</u></i> his employees that they would all receive a 5 percent pay increase.</div>
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b<i>.   Getting Acquainted</i> <i>with Accounting</i>, by John L. Carey, is very i<i><u>nformative</u></i> book.</div>
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c.   Financial <i><u>information</u></i> is essential for organizational decision making.</div>
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3.   Allowance/allowed/allowable</div>
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a.<span style="font-family: "Times New Roman"; font-size-adjust: none; font-size: 7pt; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">       </span>The supervisor lost control of his staff members after he <i><u>allowed</u></i> them to override his decisions.</div>
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b.<span style="font-family: "Times New Roman"; font-size-adjust: none; font-size: 7pt; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">     </span>When the factory was built 50 years ago, little <i><u>allowance</u></i> was made for remodeling and expansion.</div>
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c.<span style="font-family: "Times New Roman"; font-size-adjust: none; font-size: 7pt; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">      </span>Althought <i><u>allowable</u></i>, smoking was discouraged in the lunch room.</div>
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4.   Fulfillment/fulfill/fulfilling</div>
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a.<span style="font-family: "Times New Roman"; font-size-adjust: none; font-size: 7pt; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">      </span>At times the assembly line worker felt a lack of profesiomal <i><u>fulfillment</u></i></div>
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b.<span style="font-family: "Times New Roman"; font-size-adjust: none; font-size: 7pt; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">     </span>When he was promoted to production supervisor, however, his job became much more <i><u>fulfilling</u></i>.</div>
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c.<span style="font-family: "Times New Roman"; font-size-adjust: none; font-size: 7pt; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">      </span>Before the accountant could became a CPA, she had to <i><u>fulfill</u></i> a number of requirements.</div>
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5.   Standars/has standardized/standard</div>
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a.<span style="font-family: "Times New Roman"; font-size-adjust: none; font-size: 7pt; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">       </span>The <i><u>standard</u></i> paper size in <st1:country-region w:st="on"><st1:place w:st="on">United States</st1:place></st1:country-region> for business letters and memorands is 8,5 x 11 inches.</div>
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b.<span style="font-family: "Times New Roman"; font-size-adjust: none; font-size: 7pt; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">      </span>The computer department <i><u>has standardized</u></i> its procedures for storting and retrieving data.</div>
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c.<span style="font-family: "Times New Roman"; font-size-adjust: none; font-size: 7pt; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">       </span>Nowadays rigorous <i><u>standards </u></i>are enforced in the area of food processing and packaging.</div>
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<br /></div>
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<b>C.<span style="font-family: "Times New Roman"; font-size-adjust: none; font-size: 7pt; font-stretch: normal; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">    </span></b><b>Fill in the blanks below with the most appropriate terms the list.<o:p></o:p></b></div>
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<br /></div>
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parties        financial               statement         reflected            standardized    allows</div>
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<br /></div>
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whereas     interpretations      informed          communicates    rigorous</div>
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<br /></div>
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An income statement is one example of a <i><u>financial statement</u></i>, It communicates financial information about a company over a period of time. A <i><u>standardized</u></i> format is used to present the financial information. This <i><u>allows</u></i> interested <i><u>parties</u></i> to compare one income statement to another in order to make <i><u>informed</u></i> financial decisions. But there is still a great deal of risk involved in financial decision making because the information <i><u>reflected</u></i> in an income statement is object to variety of <i><u>interpretations.<o:p></o:p></u></i></div>
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<br /></div>
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<b>Look at the reading to answer these questions.<o:p></o:p></b></div>
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<br /></div>
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*    What does each of the following refer to?</div>
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LINES            WORDS         REFERENTS</div>
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1                       its                   accounting</div>
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4                       them               whereas parties</div>
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19                     another           corporation</div>
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21                    one                  organization</div>
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TUGAS SOFTSKILL BAHASA INGGRIS BISNIS1(BAG.2)

--> Nama: Ratih Handayani Kelas: 3DB01 NPM: 31107378 Reading AN ACCOUNTING OVERVIEW Accounting is frequently cal...

Monday, November 09, 2009