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Assignment Question(s): (
Q1. “Accounting takes in the process of Identifying, Recording
and Communicating”. How would you like to explain the
statement? Give support to your answer with examples on
Identifying, Recording and Communicating. (3 activity Marks)
Q2. Explain the concept of double entry system and its
relationship with accounting equation. (2 Marks)
Q3. The following is the Trial balance has been extracted from
the accounts of Green Lawn Care, Inc. as on 31st December,
2019 (9 Marks)
Green Lawn Care, Inc.
Trial Balance December 31, 2019—
(Amounts in SAR)
Cash
8,700
Accounts Receivable
20,600
Prepaid Insurance
4,400
Supplies
1,950
Land
45,000
Building
134,500
Equipment
80,100
Accounts Payable
7,500
Unearned Revenue
6,000
Capital Stock
15,300
Retained Earnings (Begin)
54,000
Dividends
8,000
Fees Earned
347,400
Salaries and Wages
Expense
70,200
Utilities Expense
23,200
Advertising Expense
18,000
Repairs Expense
11,500
Miscellaneous Expense
4,050
Totals
430,200
430,200
Use the above information to complete the following financial
Statements:
Green Lawn Care, Inc.
Income Statement as on Dec,31 2019--
Revenues:
Less Expenses
Net Income
Green Lawn Care, Inc.
Statement of Retained Earning as on Dec,31,
2019--
Retained Earnings (Begin)
Add Net Income
Less Dividends
Retained Earnings (End)
Green Lawn Care, Inc.
Statement of Balance Sheet as on Dec,31, 2019--
Assets
SAR
Liabilities & Equity
SAR
Total
Q4. Imagine yourself to be a Merchandiser and bring out three
important merchandise transaction on purchases and sales in a
proper journal format. (6 Marks)
Answer
Purchase Transactions
Sale Transactions
Date
Description
PR
Debit
Credit
Date
Description
PR
Debit
Credit
Assignment Question(s)(Q1. Accounting takes in the.docx
: MicroEconomics
CRITICAL THINKING-1
Summer Term 2019-2020
Regulations:
Students are encouraged to use their own words.
· Students must follow Saudi Electronic University academic
writing standards and APA style guidelines.
· Support your submission with course material concepts,
principles, and theories from the textbook, along with at least
two scholarly, peer-reviewed journal articles.
· A mark of zero is awarded for any submission that includes
copying from other resources without proper referencing it.
· Write at least 5 pages in length, excludingthe title page,
abstract and required reference page, which is never a part of
the minimum content requirements.
· It is strongly encouraged that the student submits his/her
assignment into the Safe Assignment Originality Check before
sending it to your instructor for grading.
An Overview ofAssignment submission time & grades:
*
Q1. CAF Inc. is producing two goods: cars and milk. The
following table gives several points on its production possibility
frontier.
Cars (1000's/year)
Milk (1000's of gallons/ year)
0
60
1
50
2
30
3
0
a. Graph this on production possibility frontier. (1.5 Marks)
b. Why is the production possibility frontier downward sloping?
Be sure to explain economic intuition behind that fact. (3Marks)
c. Suppose the firm is currently producing 2000 cars and 30,000
gallons of milk. What is the opportunity cost of producing
additional 20,000 gallons of milk? (3Marks)
d. Give an example of opportunity cost principle from everyday
experiences of economic activities (1.5 Marks)
Q2. A team consisting of three people working on a big project,
which involves manual entry of data in a computer, with
subsequent processing of these data and making a poster
presentation. Naturally, each member of the team has different
abilities in performing either task. Amna can make one poster or
400 data entries in a day. Hard-working Zeba can make two
posters or 1200 data entries in a day. Artistic Ibraheem can
make three posters or 900 entries in a day.
a. Initially, the entire team (each of them having their own
personal computer) starts with entering data. How many entries
will be made in a day? (2Marks)
b. As the time comes to start making posters, you decide to
assign one member of the team to this task. Whom would you
choose? Explain why? (2.5Marks)
c. As you make this decision, what is the opportunity cost of
each poster made? (1.5Marks)
d. As there is less and fewer data remaining to be entered,
another person can shift to making posters as well. Which of the
remaining two members of the team will you choose this time?
Explain your choice. As a result, what is the opportunity cost of
each additional poster you will get? (2Marks)
Q3. Is Economics a science? Why, or why not? As part of your
response and explanation, include the definitions of "science"
and "economics" as you understand them. (3Marks)
End of Page
Academic Writing Standards
Dear students and faculty,
This style Manual is adapted from the Student Learning
Center’s earlier APA Guide. Besides integrating the latest APA
guidelines, this manual provides extra discussion of
fundamental writing tasks, such as locating sources and
avoiding plagiarism. While these additions cannot replace full
research and writing guides, like those you will be assigned for
courses having a major writing component, the guidelines here
should remind you of the key purposes and aims of research
writing and academic work in general, which will help you on
the pathway to success for any writing assignment.
Write well!
Abstract
APA format is the official style used by the American
Psychological Association (APA) and is commonly used to cite
sources in the fields of Natural and Social Sciences, Business,
and Nursing. The Publication Manual of the American
Psychological Association, 6th edition, dated 2010, provides the
best reference for formatting and citing in APA Style. The
mechanics of basic writing and citing sources are the same in all
academic writing; however, formatting papers in styles such as
APA, MLA (Modern Language Association), Chicago, ASA
(American Sociological Association), Turabian, among others,
are different. Thus, this example paper focuses on the basic
guidelines for formatting papers and citing sources in APA
Style.
Keywords: APA, formatting, citing, References
Example of an APA Style Paper
American Psychological Association (APA) is the style of
formatting that is commonly used in courses in the fields of
Nursing, Education, Natural and Social Sciences, such as
Psychology, Linguistics, Sociology, and Economics (Writing
Lab and OWL at Purdue, 2012). Students in these fields are
generally required to format papers and cite sources using this
style. The manual that outlines guidelines for formatting and
citing sources is the Publication Manual of the American
Psychological Association, 6th edition, revised in 2010.
General APA Formatting Guidelines
Margins
According to Aaron (2011), APA Style dictates the margins are
one inch on all sides (top, bottom, left, right) (p. 509). Thus,
on all pages, the text in the body begins one inch down from the
top of each page. The alignment of the left and right margins
should be flush left, which means the right margin is
notblocked(set as “justified”). Therefore, the contents of the
paper should be staggered at the right margin rather than
aligned at the right.
Font Size and Type
The font size for APA Style papers is usually 12-pt. font, and
the type is generally Times New Roman (Aaron, 2011, p. 509).
However, other similar font is acceptable typefaces, depending
upon professor’s specifications. In addition, the font size and
type must be the same in the Running head on all pages.
Line Spacing
Double-space throughout the paper, including the title page,
abstract, body of the document, references, and appendixes; but
footnotes, tables, and figure captions may be single-spaced
(Aaron, 2011, p. 509). Microsoft Word 2007 and 2010 includes
an additional horizontal spacing between paragraphs that are not
in accordance to APA style; thus, the default settings in spacing
must changed to present true double-spacing in an APA Style
paper.
Spacing after Punctuation
APA Style dictates spacing once after all punctuation except the
end punctuation (American Psychological Association, 2010, p.
87). Two spaces are following punctuation marks at the ends of
sentences.
Paragraph Indentation
According to Aaron (2011), the indentation of each paragraph is
5-7 spaces (p. 509); however, this spacing can be best
accomplished through the use of the TAB key rather than
pressing the SPACEBAR of the keyboard.
Pagination
The pages are numbered one inch from the right upper edge of
the paper on the first line in the header portion of every page
(except Figures), beginning with the title page (Aaron, 2011, p.
509).
Tone and Style
Depending on the type of assignment, as a general rule, use the
active voice rather than the passive voice (American
Psychological Association, 2010, p. 66). For example, use
“Researchers theorized...” rather than “It was theorized that ...
.” Moreover, avoid the use of second-person pronouns you and
your, and write in a formal tone and style.
Major Paper Sections and Order of Pages
The order of major paper sections and order of pages in an APA
Style document are the following: Title Page, Abstract, Body,
and References (Writing Lab and OWL at Purdue, 2012). Other
additional paper sections are included after the References page
and consist of the following order: Appendixes, Footnotes,
Tables, Figure Captions, and Figures (Writing Lab and OWL at
Purdue, 2012). These additional sections are usually included
for an extensive research paper.
Running Head
A page header, called the Running head, is inserted at the top of
every page. To create a
page header, insert page numbers flush right against the right
margin in the header section of each page. Then type the
“TITLE OF YOUR PAPER” in all capital letters, flush against
the left margin. Using most word processors, the manuscript
page header and page number can be inserted into a header,
which then automatically appears on all pages (Writing Lab and
OWL at Purdue, 2012).
Purpose
The running head is a shortened version of the paper’s full title,
and it is used to help readers identify the titles for published
articles (even if the paper is not intended for publication, the
paper should still have a running head).
Format
The running head cannot exceed 50 characters, including spaces
and punctuation (Writing Lab and OWL at Purdue, 2012). The
running head’s title is typed in all uppercase (capital letters)
after typing, “Running head:” in lowercase letters, followed by
a colon. Note the word “head” is not capitalized. (The words
“Running head” and the colon are included in the header only
on the Title Page. Thereafter, these words and the colon are
removed, and the subsequent pages of the document consist of
only the title and page number in the header.) Again, the
running head is typed flush left, and page numbers should be
flush right.
Page header on title page. The running head on the title page
should look like this:
Running head: TITLE OF YOUR PAPER
1
Page header on subsequent pages.
The running head on all pages that follow the title page should
look like this:
TITLE OF YOUR PAPER
2
Title Page
APA Style requires the use of the Title Page, which is numbered
as page 1. (Refer to the example title page on page 1 of this
example APA Style paper.) The key elements of this page are
the running head, title of the paper, author’s name, and
institutional affiliation (Aaron, 2011, p. 510). All text on the
title page is double-spaced, and the size and type are 12-pt font,
Times New Roman or other similar acceptable typefaces.
The three lines in the body of the title page consist of the title
of the paper, the author’s name, and the institutional affiliation.
These three lines must be vertically centered from upper one-
third of the page upwards (Aaron, 2011, p. 510).
Title
The purpose of the title is to summarize the paper’s main idea.
APA recommends that the title be no more than 12 words in
length (American Psychological Association, 2010, p. 23). It
should not contain abbreviations or words that serve no
purpose. The title should only take up one line, but if it is long,
a second line may be needed.
Center the title in the upper half of the page. Type the paper
title in upper and lowercase letters. Capitalize all key words,
such as nouns. The title should not be bold-faced, underlined or
in italicized font.
Author’s Name
The author is the individual who wrote the paper. On the line
following the title, center
and type theauthor's name in uppercase and lowercase letters.
Annotate by first name, middle
initial(s), and last name. Do not use titles (Dr.) or degrees
(Ph.D.) (American Psychological Association, 2010, p. 23).
Institutional Affiliation
The institutional affiliation indicates the location where the
author wrote the paper and/or conducted the research. On the
line following the author's name, center and type the
institutional affiliation in uppercase and lowercase letters.
Avoid abbreviating any portion of the name of the institution
(American Psychological Association, 2010, p. 166).
Other information
Any additional information, such as the name and number of the
course, professor’s name(s), and date, are noted only if the
professor requires it. Place this information at the bottom of
the place or where required by the professor. Center the
contents in the same fashion as the title, etc. Write the date as
name of the month, date, and year (Aaron, 2011, p. 510).
Abstract
Not all assignments require the Abstract for an APA Style
paper. Depending on the nature of the assignment, the paper
may not need the Abstract. If one is not needed, begin writing
the body of the paper on page 2. However, if an Abstract is
needed, it is included before the body of the paper. (Refer to
the example Abstract on page 2 of this example APA Style
paper.)
The abstract is a one-paragraph, self-contained summary of the
most important elements of the paper. It allows readers to
quickly review the main points and purpose of the paper. It also
provides a brief and comprehensive summary of the study. It is
very important because this portion of the paper may be all that
many people will read if the work is a comprehensive study.
Therefore, the Abstract needs to be well written and should
include a brief description of the
problem being investigated, the methods used, the results, and
their implications (American Psychological Association, 2010).
Pagination
The abstract begins on a new page and is numbered with the
running head 2; however,
the words, “Running head” and the colon need to be removed
from the header.
Format
The word “Abstract” is typed in regular font and centered on the
first line below the manuscript page header. It should not be
bold-faced, underlined or in italicized font. The entire
page is double-spaced and is typed in 12-point Times New
Roman. The abstract is written in block format, which means
this paragraph is not indented (Writing Lab and OWL at Purdue,
2012). It begins on the line following the Abstract heading.
The abstract should “be between 150 and 250 words” (Writing
Lab and OWL at Purdue, 2012). All numbers in the abstract
(except those beginning a sentence) should be typed as digits
rather than words (American Psychological Association, 2010,
p. 103). Abbreviations and acronyms used in the paper should
be defined in the abstract (American Psychological Association,
2010, p. 105).How to Write an Abstract
According to Kendra Cherry (2012), first, write the paper.
While the abstract will be at the beginning of the paper, it
should be the last section that is written. Once the final draft
has been completed, use it as a guide for writing the abstract.
Keep it short. An abstract should be no longer than 120 words
and should be written as only one paragraph. In order to
succinctly describe the entire paper, the most important
elements need to be determined.
Structure the abstract in the same order as the paper. Begin with
a brief summary of the
introduction, and then continue on with a summary of the major
sections of the paper (Cherry,
2012). It should be accurate (do not include information here
that is not in the body of the manuscript), self-contained (spell
out abbreviations), concise (“between 150 and 250 words”
[Writing Lab and OWL at Purdue, 2012]), and specific (begin
this section with the most important information and limit it to
the four or five most important concepts, findings, or
implications of the study [Cherry, 2012]).
Other key points for writing the Abstract are the following:
Avoid citing references in the
abstract. Paraphrase rather than quote. Use active rather than
passive voice (but avoid the use of
personal pronouns). For example, write, “Researchers instructed
participants to . . .,” rather than, “Participants were given
instructions to . . . .” Use past tense for procedures and present
tense for results (Cherry, 2012).
Keywords can be listed from the paper in the Abstract. To do
this, center the text and type Keywords: (italicized) and then
list the keywords. Listing keywords will help researchers find
the paper’s work in databases (Writing Lab and OWL at Purdue,
2012).
Body of the Paper
The body of the paper begins on a new page (page 3), and
follows the Title Page (page 1) and Abstract (page 2), if one is
required. Like the Title Page and Abstract, the body of the
paper is double-spaced, typed in Times New Roman, 12-pt font,
and maintains the one-inch margins at the top, left, right, and
bottom. The running head maintains its page numbering and
title placement that was established on the Abstract page.
(Refer to the example body of an APA Style paper that begins
on page 3 of this example APA Style paper.) Unlike the
Abstract, which does not require the use of indentation of its
paragraph, the paragraphs in the body of the paper should be
indented by the use of the TAB key, or 5-7 spaces (Aaron, 2011,
p. 509).
The body of the paper begins with typing the title. The title is
typed in uppercase and lowercase letters and is centered on the
first line below the running head. Although the running head
shows the title of the paper, the title still must be typed to begin
the body of the paper, especially if the title in the running head
is a shortened version of the original. Moreover, the title is not
underlined, boldfaced, or written in italics.
The introduction of the paper (which is not labeled with a
heading, “Introduction”) begins on the line following the paper
title. This paragraph provides background information about the
paper’s topic, its purpose, a main idea (the thesis statement),
and an overview of the major points
of discussion that will be addressed in the body of the paper.
This introduction sets the stage for the information that follows.
Furthermore, for papers that provide complex, detailed
information, the body of the paper can be broken down into
subsections that are separated by headings. However, these
subsections do not begin on new pages. Instead, they maintain
double-spacing and continue discussion in a smooth,
transitional pattern.
Headings:
Headings are used to organize the document through separating
and classifying paper sections according to their relative
importance. There are 5 heading levels in APA. Regardless of
the number of levels, always use the headings in order,
beginning with level 1. According to the American
Psychological Association (2010), the format of each level is
illustrated below:
· Level 1: Centered, Boldface, Uppercase and Lowercase
Headings
· Level 2: Left-aligned, Boldface, Uppercase and Lowercase
Heading
· Level 3: Indented, boldface, lowercase heading, ending with a
period
· Level 4: Indented, boldface, italicized, lowercase heading,
ending with a period.
· Level 5:Indented, italicized, lowercase heading, ending with a
period. (p. 62).
(This example APA Style paper uses level 1 and level 2
headings to organize main points of
formatting in APA Style.)
Citing
Ideas, tables, graphics, researched information, and all other
data that are not the writer’s must be cited wherever included in
the paper. Failing to cite constitutes plagiarism, regardless of
whether this was the writer’s intent. Thus, all sources must be
cited in accordance to APA Style.
Consult the Publication Manual of the American Psychological
Association, 6th edition, dated 2010, for citing sources within
the body of the paper. Generally, sources are cited at the point
where the information is quoted, paraphrased, or summarized.
The Little, BrownHandbook states, “In your text, a parenthetical
citation ear the borrowed material directs readers to a list of all
the works you refer to” (Aaron, 2011, p. 491). If the author(s)
and year of publication of a source are known, the author’s last
name(s) year are cited. For example, the name of the author is
not named in the previous sentence of the direct quote; thus, the
author’s last name, year of publication, and page number of the
book are cited within the parenthesis, separated by commas.
The end punctuation follows the citation. On the other hand, if
the author’s name is used “in the text, do you repeat it in the
reference” (Aaron, 2011, p. 492), as in the following example:
Jane Aaron explains, “In your text, a parenthetical citation ear
the borrowed material directs readers to a list of all the works
you refer to” (p. 491). The citation is thus shown without the
author’s name.
For a work with two authors, if the names are used in the text,
separate their last names with the word “and,” as shown in this
example: “Pepinsky and DeStefano (1997) demonstrated that a
teacher’s language often reveals hidden biases” (Aaron, 2011, p.
492). However, if the authors’ names were not used in the text,
the “names are connected by an ampersand, &”
(p. 492).
For a work that has no named author, the name of the title is
used. Aaron (2011) explains, “…use the first two or three
words of the title in place of an author’s name, excluding an
initial The, A, or An” (p. 431). An example of citing an
unnamed source in the body of the paper is shown as thus:
“One article, (“Right to Die,” 1996) noted that a death-row
inmate may crave notoriety” (Aaron, 2011, p. 493). Note that
the title of the article is written within quotation marks. In
APA Style, titles of books, journals, and other similar works are
written in italics (p. 493).
Reference Page
Every source cited in the body of the paper should have a
referenced entry, and every source listed on the References page
should be cited in the body of the paper. This list “includes full
publication information on every source cited in the paper”
(Aaron, 2011, p. 494). After the conclusion paragraph, a
reference list of all of those sources needs to be established.
This list is called the References page. (Refer to the example
References list on page 14 of this example APA Style paper.)
Start the reference list (also known as the Bibliography, but
called References in APA Style) on a new page following the
body of the paper. Centerthe heading, “References.” Do not
bold,underline or italicize the heading. Like the rest of the
entire paper, double-space all entries on this page. In addition,
there should be no additional horizontal space between each
listed source. Each source begins at the left margin; however,
the second and subsequent lines of the citation need to be
indented.
Aaron (2011) instructs, alphabetize the sources “by the author’s
last name. If there is no author, alphabetize by the first main
word of the title” (p. 494). The author is listed as last name,
initial of first name, rather than by full name. For sources that
have more than one author, “use
an ampersand (&) before the last author’s name” (p. 494).
Although titles of sources are capitalized and written in italics
or within quotation marks in the body of the paper (depending
on the type of source), titles on the References page are written
differently. For “titles of books and articles, capitalize only the
first word of the title, the first word of the subtitle, and proper
nouns; all other words begin with small letters” (Aaron, 2011,
p. 495). Aaron (2011) adds, “In titles of journals, capitalize all
significant words” (p. 495). Regarding the use of italics and
quotation marks for titles on the Reference page, titles of
articles are not annotated with either, but titles of books and
journals are italicized (p. 495).
The overall citation of a source on the References page depends
on the type of source; i.e., book, journal, electronic sources,
etc. Thus, each type of source is listed in different formats.
Consult with the Publication Manual of the American
Psychological Association, Sixth Edition, dated 2010, for the
correct template for listing types of sources.
APA format is the official style used by the American
Psychological Association (APA) and is commonly used to cite
sources in psychology, education, and social sciences. The
mechanics of basic writing and citing sources are the same in all
academic writing. However, students who major in these fields
should learn how to format papers and cite sources in APA style
paper. If they follow the basic guidelines that are outlined in the
Publication Manual of the American Psychological Association,
Sixth Edition or other reliable sources such as the Little,Brown
Handbook by Jane Aaron, they will successfully write their
papers and cite others’ sources in APA Style.
References
Aaron, J. (2011). LB brief: The Little, Brown handbook, brief
version. (4th ed.). Boston, MA:
Longman.
American Psychological Association. (2010). Publication
Manual of the American Psychological Association. (6th ed.).
Washington, DC: Author.
Cherry, K. (2012). How to write an abstract. Retrieved from
http://psychology.about.com
/od/apastyle/ht/abstract.htm
Writing Lab and OWL at Purdue & Purdue University. (2012).
The Purdue OWL family of sites.
The Writing Lab and OWL at Purdue and Purdue University.
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Assignment Question(s)(Q1. Accounting takes in the.docx

  • 1. Assignment Question(s): ( Q1. “Accounting takes in the process of Identifying, Recording and Communicating”. How would you like to explain the statement? Give support to your answer with examples on Identifying, Recording and Communicating. (3 activity Marks) Q2. Explain the concept of double entry system and its relationship with accounting equation. (2 Marks) Q3. The following is the Trial balance has been extracted from the accounts of Green Lawn Care, Inc. as on 31st December, 2019 (9 Marks) Green Lawn Care, Inc. Trial Balance December 31, 2019— (Amounts in SAR) Cash 8,700 Accounts Receivable 20,600 Prepaid Insurance 4,400 Supplies 1,950 Land
  • 2. 45,000 Building 134,500 Equipment 80,100 Accounts Payable 7,500 Unearned Revenue 6,000 Capital Stock 15,300 Retained Earnings (Begin) 54,000 Dividends 8,000 Fees Earned 347,400 Salaries and Wages Expense 70,200 Utilities Expense 23,200 Advertising Expense 18,000
  • 3. Repairs Expense 11,500 Miscellaneous Expense 4,050 Totals 430,200 430,200 Use the above information to complete the following financial Statements: Green Lawn Care, Inc. Income Statement as on Dec,31 2019-- Revenues: Less Expenses
  • 4. Net Income Green Lawn Care, Inc. Statement of Retained Earning as on Dec,31, 2019-- Retained Earnings (Begin) Add Net Income Less Dividends Retained Earnings (End) Green Lawn Care, Inc. Statement of Balance Sheet as on Dec,31, 2019-- Assets SAR Liabilities & Equity SAR
  • 5. Total Q4. Imagine yourself to be a Merchandiser and bring out three important merchandise transaction on purchases and sales in a proper journal format. (6 Marks) Answer Purchase Transactions Sale Transactions
  • 8. : MicroEconomics CRITICAL THINKING-1 Summer Term 2019-2020 Regulations: Students are encouraged to use their own words. · Students must follow Saudi Electronic University academic writing standards and APA style guidelines. · Support your submission with course material concepts, principles, and theories from the textbook, along with at least two scholarly, peer-reviewed journal articles. · A mark of zero is awarded for any submission that includes copying from other resources without proper referencing it. · Write at least 5 pages in length, excludingthe title page, abstract and required reference page, which is never a part of the minimum content requirements. · It is strongly encouraged that the student submits his/her assignment into the Safe Assignment Originality Check before sending it to your instructor for grading. An Overview ofAssignment submission time & grades: * Q1. CAF Inc. is producing two goods: cars and milk. The following table gives several points on its production possibility frontier. Cars (1000's/year) Milk (1000's of gallons/ year) 0 60 1
  • 9. 50 2 30 3 0 a. Graph this on production possibility frontier. (1.5 Marks) b. Why is the production possibility frontier downward sloping? Be sure to explain economic intuition behind that fact. (3Marks) c. Suppose the firm is currently producing 2000 cars and 30,000 gallons of milk. What is the opportunity cost of producing additional 20,000 gallons of milk? (3Marks) d. Give an example of opportunity cost principle from everyday experiences of economic activities (1.5 Marks) Q2. A team consisting of three people working on a big project, which involves manual entry of data in a computer, with subsequent processing of these data and making a poster presentation. Naturally, each member of the team has different abilities in performing either task. Amna can make one poster or 400 data entries in a day. Hard-working Zeba can make two posters or 1200 data entries in a day. Artistic Ibraheem can make three posters or 900 entries in a day. a. Initially, the entire team (each of them having their own personal computer) starts with entering data. How many entries will be made in a day? (2Marks) b. As the time comes to start making posters, you decide to assign one member of the team to this task. Whom would you choose? Explain why? (2.5Marks) c. As you make this decision, what is the opportunity cost of each poster made? (1.5Marks) d. As there is less and fewer data remaining to be entered, another person can shift to making posters as well. Which of the remaining two members of the team will you choose this time? Explain your choice. As a result, what is the opportunity cost of each additional poster you will get? (2Marks) Q3. Is Economics a science? Why, or why not? As part of your response and explanation, include the definitions of "science"
  • 10. and "economics" as you understand them. (3Marks) End of Page Academic Writing Standards Dear students and faculty, This style Manual is adapted from the Student Learning Center’s earlier APA Guide. Besides integrating the latest APA guidelines, this manual provides extra discussion of fundamental writing tasks, such as locating sources and avoiding plagiarism. While these additions cannot replace full research and writing guides, like those you will be assigned for courses having a major writing component, the guidelines here should remind you of the key purposes and aims of research writing and academic work in general, which will help you on the pathway to success for any writing assignment. Write well! Abstract APA format is the official style used by the American Psychological Association (APA) and is commonly used to cite sources in the fields of Natural and Social Sciences, Business, and Nursing. The Publication Manual of the American Psychological Association, 6th edition, dated 2010, provides the best reference for formatting and citing in APA Style. The mechanics of basic writing and citing sources are the same in all academic writing; however, formatting papers in styles such as APA, MLA (Modern Language Association), Chicago, ASA (American Sociological Association), Turabian, among others, are different. Thus, this example paper focuses on the basic guidelines for formatting papers and citing sources in APA
  • 11. Style. Keywords: APA, formatting, citing, References Example of an APA Style Paper American Psychological Association (APA) is the style of formatting that is commonly used in courses in the fields of Nursing, Education, Natural and Social Sciences, such as Psychology, Linguistics, Sociology, and Economics (Writing Lab and OWL at Purdue, 2012). Students in these fields are generally required to format papers and cite sources using this style. The manual that outlines guidelines for formatting and citing sources is the Publication Manual of the American Psychological Association, 6th edition, revised in 2010. General APA Formatting Guidelines Margins According to Aaron (2011), APA Style dictates the margins are one inch on all sides (top, bottom, left, right) (p. 509). Thus, on all pages, the text in the body begins one inch down from the top of each page. The alignment of the left and right margins should be flush left, which means the right margin is notblocked(set as “justified”). Therefore, the contents of the paper should be staggered at the right margin rather than aligned at the right. Font Size and Type The font size for APA Style papers is usually 12-pt. font, and the type is generally Times New Roman (Aaron, 2011, p. 509). However, other similar font is acceptable typefaces, depending upon professor’s specifications. In addition, the font size and type must be the same in the Running head on all pages. Line Spacing Double-space throughout the paper, including the title page, abstract, body of the document, references, and appendixes; but footnotes, tables, and figure captions may be single-spaced
  • 12. (Aaron, 2011, p. 509). Microsoft Word 2007 and 2010 includes an additional horizontal spacing between paragraphs that are not in accordance to APA style; thus, the default settings in spacing must changed to present true double-spacing in an APA Style paper. Spacing after Punctuation APA Style dictates spacing once after all punctuation except the end punctuation (American Psychological Association, 2010, p. 87). Two spaces are following punctuation marks at the ends of sentences. Paragraph Indentation According to Aaron (2011), the indentation of each paragraph is 5-7 spaces (p. 509); however, this spacing can be best accomplished through the use of the TAB key rather than pressing the SPACEBAR of the keyboard. Pagination The pages are numbered one inch from the right upper edge of the paper on the first line in the header portion of every page (except Figures), beginning with the title page (Aaron, 2011, p. 509). Tone and Style Depending on the type of assignment, as a general rule, use the active voice rather than the passive voice (American Psychological Association, 2010, p. 66). For example, use “Researchers theorized...” rather than “It was theorized that ... .” Moreover, avoid the use of second-person pronouns you and your, and write in a formal tone and style. Major Paper Sections and Order of Pages The order of major paper sections and order of pages in an APA Style document are the following: Title Page, Abstract, Body, and References (Writing Lab and OWL at Purdue, 2012). Other additional paper sections are included after the References page
  • 13. and consist of the following order: Appendixes, Footnotes, Tables, Figure Captions, and Figures (Writing Lab and OWL at Purdue, 2012). These additional sections are usually included for an extensive research paper. Running Head A page header, called the Running head, is inserted at the top of every page. To create a page header, insert page numbers flush right against the right margin in the header section of each page. Then type the “TITLE OF YOUR PAPER” in all capital letters, flush against the left margin. Using most word processors, the manuscript page header and page number can be inserted into a header, which then automatically appears on all pages (Writing Lab and OWL at Purdue, 2012). Purpose The running head is a shortened version of the paper’s full title, and it is used to help readers identify the titles for published articles (even if the paper is not intended for publication, the paper should still have a running head). Format The running head cannot exceed 50 characters, including spaces and punctuation (Writing Lab and OWL at Purdue, 2012). The running head’s title is typed in all uppercase (capital letters) after typing, “Running head:” in lowercase letters, followed by a colon. Note the word “head” is not capitalized. (The words “Running head” and the colon are included in the header only on the Title Page. Thereafter, these words and the colon are removed, and the subsequent pages of the document consist of only the title and page number in the header.) Again, the running head is typed flush left, and page numbers should be flush right. Page header on title page. The running head on the title page should look like this:
  • 14. Running head: TITLE OF YOUR PAPER 1 Page header on subsequent pages. The running head on all pages that follow the title page should look like this: TITLE OF YOUR PAPER 2 Title Page APA Style requires the use of the Title Page, which is numbered as page 1. (Refer to the example title page on page 1 of this example APA Style paper.) The key elements of this page are the running head, title of the paper, author’s name, and institutional affiliation (Aaron, 2011, p. 510). All text on the title page is double-spaced, and the size and type are 12-pt font, Times New Roman or other similar acceptable typefaces. The three lines in the body of the title page consist of the title of the paper, the author’s name, and the institutional affiliation. These three lines must be vertically centered from upper one- third of the page upwards (Aaron, 2011, p. 510). Title The purpose of the title is to summarize the paper’s main idea. APA recommends that the title be no more than 12 words in length (American Psychological Association, 2010, p. 23). It should not contain abbreviations or words that serve no purpose. The title should only take up one line, but if it is long, a second line may be needed.
  • 15. Center the title in the upper half of the page. Type the paper title in upper and lowercase letters. Capitalize all key words, such as nouns. The title should not be bold-faced, underlined or in italicized font. Author’s Name The author is the individual who wrote the paper. On the line following the title, center and type theauthor's name in uppercase and lowercase letters. Annotate by first name, middle initial(s), and last name. Do not use titles (Dr.) or degrees (Ph.D.) (American Psychological Association, 2010, p. 23). Institutional Affiliation The institutional affiliation indicates the location where the author wrote the paper and/or conducted the research. On the line following the author's name, center and type the institutional affiliation in uppercase and lowercase letters. Avoid abbreviating any portion of the name of the institution (American Psychological Association, 2010, p. 166). Other information Any additional information, such as the name and number of the course, professor’s name(s), and date, are noted only if the professor requires it. Place this information at the bottom of the place or where required by the professor. Center the contents in the same fashion as the title, etc. Write the date as name of the month, date, and year (Aaron, 2011, p. 510). Abstract Not all assignments require the Abstract for an APA Style paper. Depending on the nature of the assignment, the paper may not need the Abstract. If one is not needed, begin writing the body of the paper on page 2. However, if an Abstract is needed, it is included before the body of the paper. (Refer to the example Abstract on page 2 of this example APA Style paper.)
  • 16. The abstract is a one-paragraph, self-contained summary of the most important elements of the paper. It allows readers to quickly review the main points and purpose of the paper. It also provides a brief and comprehensive summary of the study. It is very important because this portion of the paper may be all that many people will read if the work is a comprehensive study. Therefore, the Abstract needs to be well written and should include a brief description of the problem being investigated, the methods used, the results, and their implications (American Psychological Association, 2010). Pagination The abstract begins on a new page and is numbered with the running head 2; however, the words, “Running head” and the colon need to be removed from the header. Format The word “Abstract” is typed in regular font and centered on the first line below the manuscript page header. It should not be bold-faced, underlined or in italicized font. The entire page is double-spaced and is typed in 12-point Times New Roman. The abstract is written in block format, which means this paragraph is not indented (Writing Lab and OWL at Purdue, 2012). It begins on the line following the Abstract heading. The abstract should “be between 150 and 250 words” (Writing Lab and OWL at Purdue, 2012). All numbers in the abstract (except those beginning a sentence) should be typed as digits rather than words (American Psychological Association, 2010, p. 103). Abbreviations and acronyms used in the paper should be defined in the abstract (American Psychological Association, 2010, p. 105).How to Write an Abstract According to Kendra Cherry (2012), first, write the paper. While the abstract will be at the beginning of the paper, it
  • 17. should be the last section that is written. Once the final draft has been completed, use it as a guide for writing the abstract. Keep it short. An abstract should be no longer than 120 words and should be written as only one paragraph. In order to succinctly describe the entire paper, the most important elements need to be determined. Structure the abstract in the same order as the paper. Begin with a brief summary of the introduction, and then continue on with a summary of the major sections of the paper (Cherry, 2012). It should be accurate (do not include information here that is not in the body of the manuscript), self-contained (spell out abbreviations), concise (“between 150 and 250 words” [Writing Lab and OWL at Purdue, 2012]), and specific (begin this section with the most important information and limit it to the four or five most important concepts, findings, or implications of the study [Cherry, 2012]). Other key points for writing the Abstract are the following: Avoid citing references in the abstract. Paraphrase rather than quote. Use active rather than passive voice (but avoid the use of personal pronouns). For example, write, “Researchers instructed participants to . . .,” rather than, “Participants were given instructions to . . . .” Use past tense for procedures and present tense for results (Cherry, 2012). Keywords can be listed from the paper in the Abstract. To do this, center the text and type Keywords: (italicized) and then list the keywords. Listing keywords will help researchers find the paper’s work in databases (Writing Lab and OWL at Purdue, 2012). Body of the Paper The body of the paper begins on a new page (page 3), and follows the Title Page (page 1) and Abstract (page 2), if one is
  • 18. required. Like the Title Page and Abstract, the body of the paper is double-spaced, typed in Times New Roman, 12-pt font, and maintains the one-inch margins at the top, left, right, and bottom. The running head maintains its page numbering and title placement that was established on the Abstract page. (Refer to the example body of an APA Style paper that begins on page 3 of this example APA Style paper.) Unlike the Abstract, which does not require the use of indentation of its paragraph, the paragraphs in the body of the paper should be indented by the use of the TAB key, or 5-7 spaces (Aaron, 2011, p. 509). The body of the paper begins with typing the title. The title is typed in uppercase and lowercase letters and is centered on the first line below the running head. Although the running head shows the title of the paper, the title still must be typed to begin the body of the paper, especially if the title in the running head is a shortened version of the original. Moreover, the title is not underlined, boldfaced, or written in italics. The introduction of the paper (which is not labeled with a heading, “Introduction”) begins on the line following the paper title. This paragraph provides background information about the paper’s topic, its purpose, a main idea (the thesis statement), and an overview of the major points of discussion that will be addressed in the body of the paper. This introduction sets the stage for the information that follows. Furthermore, for papers that provide complex, detailed information, the body of the paper can be broken down into subsections that are separated by headings. However, these subsections do not begin on new pages. Instead, they maintain double-spacing and continue discussion in a smooth, transitional pattern. Headings:
  • 19. Headings are used to organize the document through separating and classifying paper sections according to their relative importance. There are 5 heading levels in APA. Regardless of the number of levels, always use the headings in order, beginning with level 1. According to the American Psychological Association (2010), the format of each level is illustrated below: · Level 1: Centered, Boldface, Uppercase and Lowercase Headings · Level 2: Left-aligned, Boldface, Uppercase and Lowercase Heading · Level 3: Indented, boldface, lowercase heading, ending with a period · Level 4: Indented, boldface, italicized, lowercase heading, ending with a period. · Level 5:Indented, italicized, lowercase heading, ending with a period. (p. 62). (This example APA Style paper uses level 1 and level 2 headings to organize main points of formatting in APA Style.) Citing Ideas, tables, graphics, researched information, and all other data that are not the writer’s must be cited wherever included in the paper. Failing to cite constitutes plagiarism, regardless of whether this was the writer’s intent. Thus, all sources must be cited in accordance to APA Style. Consult the Publication Manual of the American Psychological Association, 6th edition, dated 2010, for citing sources within the body of the paper. Generally, sources are cited at the point where the information is quoted, paraphrased, or summarized. The Little, BrownHandbook states, “In your text, a parenthetical citation ear the borrowed material directs readers to a list of all the works you refer to” (Aaron, 2011, p. 491). If the author(s)
  • 20. and year of publication of a source are known, the author’s last name(s) year are cited. For example, the name of the author is not named in the previous sentence of the direct quote; thus, the author’s last name, year of publication, and page number of the book are cited within the parenthesis, separated by commas. The end punctuation follows the citation. On the other hand, if the author’s name is used “in the text, do you repeat it in the reference” (Aaron, 2011, p. 492), as in the following example: Jane Aaron explains, “In your text, a parenthetical citation ear the borrowed material directs readers to a list of all the works you refer to” (p. 491). The citation is thus shown without the author’s name. For a work with two authors, if the names are used in the text, separate their last names with the word “and,” as shown in this example: “Pepinsky and DeStefano (1997) demonstrated that a teacher’s language often reveals hidden biases” (Aaron, 2011, p. 492). However, if the authors’ names were not used in the text, the “names are connected by an ampersand, &” (p. 492). For a work that has no named author, the name of the title is used. Aaron (2011) explains, “…use the first two or three words of the title in place of an author’s name, excluding an initial The, A, or An” (p. 431). An example of citing an unnamed source in the body of the paper is shown as thus: “One article, (“Right to Die,” 1996) noted that a death-row inmate may crave notoriety” (Aaron, 2011, p. 493). Note that the title of the article is written within quotation marks. In APA Style, titles of books, journals, and other similar works are written in italics (p. 493). Reference Page Every source cited in the body of the paper should have a referenced entry, and every source listed on the References page should be cited in the body of the paper. This list “includes full publication information on every source cited in the paper”
  • 21. (Aaron, 2011, p. 494). After the conclusion paragraph, a reference list of all of those sources needs to be established. This list is called the References page. (Refer to the example References list on page 14 of this example APA Style paper.) Start the reference list (also known as the Bibliography, but called References in APA Style) on a new page following the body of the paper. Centerthe heading, “References.” Do not bold,underline or italicize the heading. Like the rest of the entire paper, double-space all entries on this page. In addition, there should be no additional horizontal space between each listed source. Each source begins at the left margin; however, the second and subsequent lines of the citation need to be indented. Aaron (2011) instructs, alphabetize the sources “by the author’s last name. If there is no author, alphabetize by the first main word of the title” (p. 494). The author is listed as last name, initial of first name, rather than by full name. For sources that have more than one author, “use an ampersand (&) before the last author’s name” (p. 494). Although titles of sources are capitalized and written in italics or within quotation marks in the body of the paper (depending on the type of source), titles on the References page are written differently. For “titles of books and articles, capitalize only the first word of the title, the first word of the subtitle, and proper nouns; all other words begin with small letters” (Aaron, 2011, p. 495). Aaron (2011) adds, “In titles of journals, capitalize all significant words” (p. 495). Regarding the use of italics and quotation marks for titles on the Reference page, titles of articles are not annotated with either, but titles of books and journals are italicized (p. 495). The overall citation of a source on the References page depends
  • 22. on the type of source; i.e., book, journal, electronic sources, etc. Thus, each type of source is listed in different formats. Consult with the Publication Manual of the American Psychological Association, Sixth Edition, dated 2010, for the correct template for listing types of sources. APA format is the official style used by the American Psychological Association (APA) and is commonly used to cite sources in psychology, education, and social sciences. The mechanics of basic writing and citing sources are the same in all academic writing. However, students who major in these fields should learn how to format papers and cite sources in APA style paper. If they follow the basic guidelines that are outlined in the Publication Manual of the American Psychological Association, Sixth Edition or other reliable sources such as the Little,Brown Handbook by Jane Aaron, they will successfully write their papers and cite others’ sources in APA Style. References Aaron, J. (2011). LB brief: The Little, Brown handbook, brief version. (4th ed.). Boston, MA: Longman. American Psychological Association. (2010). Publication Manual of the American Psychological Association. (6th ed.). Washington, DC: Author. Cherry, K. (2012). How to write an abstract. Retrieved from http://psychology.about.com /od/apastyle/ht/abstract.htm Writing Lab and OWL at Purdue & Purdue University. (2012). The Purdue OWL family of sites. The Writing Lab and OWL at Purdue and Purdue University.