Identify and Give the Historical Significance of Each of the Following

question 78

Essay

Identify and give the historical significance of each of the following terms, events, and people in a paragraph or two.
-Discuss the changes in the American economy during the postwar period. Be sure to discuss the agricultural, industrial, and consumer sectors of the economy.

Identify the correct method of recording sales and the use of the MasterCard or VISA in accounting.

Comprehend the different components of the income statement and their relationship with net income.

Understand the basic differences between merchandising and service businesses in terms of financial statements.

Comprehend how to calculate gross profit and operating income.

---

Definitions:

OEMs

OEMs stands for Original Equipment Manufacturers, which are companies that produce parts and equipment that may be marketed by another manufacturer.

High Bus Wiring

Electrical wiring systems in vehicles or electronic systems that operate at higher voltages for efficient signal transmission.

Low Bus Wiring

Wiring techniques or systems used in low-level voltage applications, particularly in bus or coach electrical systems for safe and efficient power distribution.

Clock Speeds

The operating frequency of a computer's CPU or other digital circuits, indicating how many cycles per second they can perform.