Economic concept of elasticity crucial economic concept in many economic models, applied to elastic of demand and elasticity of supply.

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Economic core concepts of supply, demand & equilibrium including movement along supply and demand curve, shit in supply and demand curve, and discussion of market based economy & centrally planned economy.

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Economic topic of production possibility frontier & comparative advantage are core principles in economics, demonstrating the use of models and concepts of scarcity, opportunity cost, and trade-offs in decision making.

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Equivalent units calculation in process cost system to allocate direct material and conversion costs, direct labor & overhead, to proper process in process costs system.

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Process cost system defined for manufacturing company including calculation of cost of goods manufactured and cost of goods sold, journal entries related to the process cost system, recording of journal entries to general ledger, and effect on trial balance accounts

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Job cost system defined for manufacturing company including calculation of job cost report, journal entries related to the job cost system, recording of journal entries to general ledger, and effect on trial balance accounts

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Economics introduction of what economics is and why learn economics, defining economics, exploring economic terms including micro economics and macroeconomics

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Statement of cash flow, a financial statement showing the inflow and outflow of cash using 3 categories, operating, investing, and financing.

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Issue of bonds at a discount, interest payment calculation, discount amortization on a straight line method, and related journal entries.

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Treasury stock issuance and sale, defining treasuring stock & recording related journal entries to trail balance accounts

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