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

What is the decimal multiplier for a 30\% decrease?

0.30

0.03

0.70

1.30

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Verified step by step guidance

Understand the concept of a decimal multiplier: A decimal multiplier represents the proportion of the original value that remains after a percentage change. For a decrease, subtract the percentage decrease from 100%.

Convert the percentage decrease into a decimal: Divide the percentage decrease (30%) by 100 to express it as a decimal. This gives 0.30.

Calculate the remaining proportion: Subtract the decimal representation of the decrease (0.30) from 1 (representing 100% of the original value). This gives the decimal multiplier.

Express the result: The decimal multiplier represents the proportion of the original value that remains after the decrease. For a 30% decrease, the decimal multiplier is 0.70.

Apply the decimal multiplier: To find the new value after a 30% decrease, multiply the original value by the decimal multiplier (0.70). This step is useful in practical applications.