Business, Accounting and Economics
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Item An Analysis Of The Gold Crisis: Its Development And Proposed Remedies(1963-04-01) Hurley, Michael; Rev. Joseph Mackin; Dale PughThe gold problem can only be understood in the light of history. Gold is the only universal form of money, and has been so for thousands of years. The scarcity of gold pushed mankind to develop the whole complex money system we have today --- paper money, checks and credit, now the chief form of money used in daily business transactions. Throughout time gold has remained the ultimate security for all forms of money. By the 19th century the system crystallized as the gold standard operated, in the main, by the Bank of England, a private institution. By giving the British pound a constant value in terms of a specific quantity of gold, the Bank of England established the pound as universally accepted substitute for gold.3- Other countries similarly guaranteed their money in gold, with the result that almost the entire world had, in effect, a single monetary system. This was literally free enterprise's golden age because of the convertibility of virtually all nations' money into gold, capital flowed freely from country to country. Under this system, world industrial output expanded by nine times in a century and the United States grew from a puny colony to a great world power.Item The Role Of The United States In The Common Market(1963-04-01) Kasperick, Joseph; Rev. Joseph MackinOn June 12, 1934 with the passage of the Reciprocal Trade Agreements Act, the United States of America undertook a new experiment in international relationships. Because of the great depression of the 1930s, world trade was in a state of chaos. Impelled by the need to restore our economy, President Roosevelt received authority to negotiate reciprocal tariff reductions with other nations of the world. Since this Act was passed, its authority has been extended eleven times and the program has served our country and the free trading world well. On June 30> 1962, the negotiating authority under the last extension of the Reciprocal Trade Agreements Act expired. In order to meet with challenges of a rapidly changing world economy due to the growth of the European Common Market, the Reciprocal Trade Agreements Act was replaced by the Trade Expansion Act of 1962. It is the purpose of this thesis to show the growth and development of the European Economic Community, its effect on the trade policy of the United States, and the measures taken by the United States to compete with the expanding Community.Item The Computer: A New Tool for the Accountant(1968-04-01) Dahlberg, Maureen; Ernest Bacon; Charles Mandeville; Thomas StewartThis paper is written to fulfill the total hours required for graduation and also to satisfy requirements for honors. Students of accounting and business especially those who possess little knowledge of computers will find this paper interesting. The development of the computer is traced mentioning the major inventions and developments. There is a brief description of the computer, and an introduction to the operations performed by the different units. Applications of the computer to accounting are presented in general and simple illustrations. Because the examples are simple, they may be misleading. These examples are meant as an explanation of how the computer performs these simple processes. Once an understanding is obtained of the simple processes, the more complicated ones can be understood. Auditing the computer operations and using the computer for the auditing processes are discussed. Computers offer valuable assistance in auditing if they are used by the auditor because they can shorten the audit time and increase the details audited. Since the computer industry is dynamic many new improvements are on the horizon. Most of the computer components are in the process of being improved especially in the functions that increase the computer speed. Changes are also taking place in accounting practice. Computers are making these required changes a challenge.Item A Feasibility Study Of The Proposed Carroll College Pub(1972-04-01) Petesch, Douglas; Dan Chapple; Ernest Bacon; Alfred MurrayWith the passage of the nineteen year old amendment of the Montana State Constitution, It became feasible for the first time for colleges in the state of Montana to serve beer on campus. Mr. Charles Sullivan, newly elected President of the Associated Students of Carroll College, was interested in determining if the serving of beer could be profitable on the Carroll campus. After realizing the scope of this project, it was determined the whole study could be the subject of an Honors Thesis. A pub on a college campus would be unique in Montana. . Prior to 1971 the legal drinking age in Montana was twenty-one which made a large percentage of college students under the legal age. The lowering of the legal age to nineteen made most college students able to legally drink beer. Given this large number of students in an established beer market, it seemed that Carroll College should investigate the possibility of having an on-campus pub to earn money for a special fund of the Associated Students. Although on-campus pubs may be unique for Montana, it is not the case for the rest of the United States. According to the United States Brewer's Association report, twelve states and the District of Columbia have licensed pubs on campus or serve beer in Student Unions. In several states action is being taken to get licensed pubs on campus, and three states not having on-campus pubs allow beer on campus in dormitories or fraternities. This study will determine if a pub on the Carroll College campus (for reasons of simplicity to be referred to hereafter as the Carroll Pub) could be licensed and operated at a profit. Three possible locations for the Carroll Pub will be considered (1) constructing a new building on the eastern edge of the campus between St. Charles Hall and the Physical Education Center? (2) moving the old Colonial Supper Club into the same location? or (3) locating the pub in the snack bar area of the basement of the Commons. For financial reasons discussed later in the study, it was decided the best site for the Carroll Pub would be the basement of the Commons. For this reason most of the considerations about the location of the Carroll Pub will be made concerning the basement of the Commons. With the passage of the nineteen year old amendment of the Montana State Constitution, It became feasible for the first time for colleges in the state of Montana to serve beer on campus. Mr. Charles Sullivan, newly elected President of the Associated Students of Carroll College, was interested in determining if the serving of beer could be profitable on the Carroll campus. After realizing the scope of this project, it was determined the whole study could be the subject of an Honors Thesis. A pub on a college campus would be unique in Montana. . Prior to 1971 the legal drinking age in Montana was twenty-one which made a large percentage of college students under the legal age. The lowering of the legal age to nineteen made most college students able to legally drink beer. Given this large number of students in an established beer market, it seemed that Carroll College should investigate the possibility of having an on-campus pub to earn money for a special fund of the Associated Students. Although on-campus pubs may be unique for Montana, it is not the case for the rest of the United States. According to the United States Brewer's Association report, twelve states and the District of Columbia have licensed pubs on campus or serve beer in Student Unions. In several states action is being taken to get licensed pubs on campus, and three states not having on-campus pubs allow beer on campus in dormitories or fraternities. This study will determine if a pub on the Carroll College campus (for reasons of simplicity to be referred to hereafter as the Carroll Pub) could be licensed and operated at a profit. Three possible locations for the Carroll Pub will be considered (1) constructing a new building on the eastern edge of the campus between St. Charles Hall and the Physical Education Center? (2) moving the old Colonial Supper Club into the same location? or (3) locating the pub in the snack bar area of the basement of the Commons. For financial reasons discussed later in the study, it was decided the best site for the Carroll Pub would be the basement of the Commons. For this reason most of the considerations about the location of the Carroll Pub will be made concerning the basement of the Commons.Item Theory Of Monopolistic Competition(1971-04-01) Tam, Michael; Daniel Chapple; Charles Mandeville; Eugene FranksIn the history of American economy, the complex mixture, confusion and separation of the ideas of competition and monopoly are always found. Although the two forces are two basic extremes according to the economic theory, yet they are interwoven, with a variety of design, throughout the price system, each bearing to it a strong resemblance. In this paper, I have developed a special technique, apart from the traditional approach, to attack the problem of monopolistic competition with the precision of mathematical methods. The first step I will take, is to give a clear definition of the two fundamental forces of competition and monopoly, in the formulation of a theory of prices, and an examination of each in isolation. The second step must be a synthesis of the two. This brings back to the price theories of the two extreme channels, without the recognition of the middle course. Thirdly, I will try to evaluate the value under pure competition by distinguishing equilibrium from the equation of supply and demand; the individual sellers under pure competition and their cost curves and scales of production. Fourthly, I will attempt to analyze the present structure of duopoly and oligopoly. By doing this, I have managed to investigate and discover the mutual independence among the sellers; which finally lead to the effect of uncertainty.