Journal Article The Income Terms of Trade Get access G. S. Dorrance G. S. Dorrance London Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 16, Issue 1, 1948, Pages 50–56, https://doi.org/10.2307/2296143 Published: 01 April 1948

Journal Article Output Quotas in Imperfect Cartels Get access Joe S. Bain Joe S. Bain University of California, Berkeley, California Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 62, Issue 4, August 1948, Pages 617–622, https://doi.org/10.2307/1881769 Published: 01 August 1948

IN A discussion in this Journal of the estimation from time series of economic relations such as demand and supply equations, G. Tintner developed a technique based on multivariate methods of statistical analysis, the economic relations being identified with the linear relations existing (within the limits of observational error) among the economic variables considered. In the present note a more precise analysis of the same type is adopted in which some of the limitations of Tintner's procedure are avoided. Some data on demand and supply relations for cotton yarn, recently collected and discussed elsewhere by K. S. Lomax, are reanalyzed to illustrate the proposed method. This example is also used to show how the accuracy of the elasticities determined from the equations may be assessed by the construction of confidence regions>' within which the true values are likely to lie.

Abstract The article presents information on income statement and it's significance in financial reporting. The development of the corporate form of organization continues to emphasize the primary importance of the income statement in financial reporting. A few years ago the balance sheet was considered to be of primary importance. Even now some think that the submission of a balance sheet is adequate. Those versed in accounting know that both the balance sheet and the income statement are needed in order reasonably to appraise the financial condition of an enterprise at a given moment. Since 1939 thirty-three Accounting Research Bulletins have been issued by the Committee on Accounting Procedure of the American Institute of Accountants and, indicative of the recognition of the importance of the income statement in financial reporting, with a few exceptions they treat primarily of the income statement. The objective has been to narrow the area of difference in practice and to establish a basis of greater uniformity with respect not only to the composition of items included in the income statement, but also as to their presentation. In attaining these objectives, people must recognize that the income statement should be informative and it should reflect the facts in accordance with accepted accounting practice.

Abstract As a result of a recent discussion between members of the Executive Committee of the American Accounting Association and the Chairman of the Education Committee of the Institute of Internal Auditors in the United States, the editor to this department was asked to conduct a limited survey in order to determine the present status of the course in internal auditing. The Institute of Internal Auditors has been active in the field of education for several years, and its several committees wish to cooperate in every way possible to further tile adequate preparation of students for careers in internal auditing. Some case and text materials have already been prepared, these teaching aids are rapidly being augmented as more universities become interested in the subject matter. In carrying out the survey 36 questionnaires were sent to specific persons in the same number of selected institutions. Most of the prominent schools of commerce and business administration were included in the group and thirty replies were received.

Introduction: limitations of the study, 475. — I. Summary of Procedure, 476. — II. Summary of Results, 482. — III. Alternative Assumptions: lag in consumption habits, 488; shape of saving schedule, 490; shifting of corporation tax, 493. — Appendix, 497.