Table of contents

1. Introduction to Accounting1h 21m
2. Transaction Analysis1h 13m
3. Accrual Accounting Concepts2h 38m
4. Merchandising Operations2h 30m
5. Inventory1h 55m
6. Internal Controls and Reporting Cash1h 16m
7. Receivables and Investments3h 8m
8. Long Lived Assets5h 1m
9. Current Liabilities2h 19m
10. Time Value of Money1h 23m
- Time Value of Money Equations
  35m
- Using Time Value of Money Tables
  47m
11. Long Term Liabilities2h 45m
12. Stockholders' Equity2h 15m
13. Statement of Cash Flows2h 24m
14. Financial Statement Analysis5h 25m
15. GAAP vs IFRS56m

1. Introduction to Accounting

Useful Information

Financial Accounting

1. Introduction to Accounting

Useful Information

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Multiple Choice

How does unit pricing help you when you’re grocery shopping?

It provides information about the nutritional content of products.

It indicates which products are on sale or have discounts applied.

It shows you the total price of all items in your cart.

It allows you to compare the cost of products based on a standard unit of measurement, helping you find the best value.

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Verified step by step guidance

Understand the concept of unit pricing: Unit pricing is a method of displaying the cost of a product per standard unit of measurement, such as per ounce, per pound, or per liter. This helps consumers compare prices across different brands or package sizes.

Identify the purpose of unit pricing: The primary goal of unit pricing is to assist shoppers in determining which product offers the best value for money, regardless of the size or packaging of the item.

Recognize the benefits of unit pricing: By using unit pricing, shoppers can make informed decisions and save money by choosing products that have a lower cost per unit, rather than being influenced by the total price or packaging size.

Learn how to use unit pricing effectively: When grocery shopping, compare the unit price of similar products displayed on the shelf labels. This will help you identify the most cost-effective option.

Apply unit pricing in real-life scenarios: For example, if one brand of cereal costs $0.20 per ounce and another costs $0.15 per ounce, the second brand offers better value, even if the total price of the package is higher.