see below

ACCOUNTING:

1. Distinguish managerial accounting from financial accounting.

2. Describe the flow of costs through a manufacturer's inventory accounts.

3. Give an example of an item that should be classified as Direct Materials, Direct Labor, and Manufacturing Overhead.

OTHER ONE:

MACROECONOMICS:

This week we are studying public choice theory. Public choice suggests the use of economic principles in the decision making process in politics. After reading the chapters, do you believe political and economic goals are always the same? Do the politicians make decision to increase the welfare of the nation or their electability? What is the role of special interest groups in the political and economic decision process in the USA? Write your initial response in four paragraphs and provide example in each category

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