Essay about Climate and Society of China - 936 Words

Climate and Society of China Monsoons, Flooding Droughts Believe it or not, there is a direct correlation between weather, climate and society. Since the first civilizations of the world, these three themes have affected one another. Weather has influenced civilizations in terms of the clothing and shelter which are necessary to protect oneself from the elements. On the other extreme, climate and weather have also acted as positive factors in the case of areas such as Cancun, Mexico. Continuous exceptional weather conditions have molded this area into a vacation Eden to which millions flock throughout the year to escape their own respective meteorologically disadvantaged (e.g. cold, snowy, rainy) regions. Through an intense†¦show more content†¦The most prominent examples of such seasonal winds occur in southern Asia and in Africa. The monsoons that plague China are caused by a variety of factors, mainly because of contrasting temperatures between the Pacific Ocean and the Chinese continent. This temperature disparity is exaggerated with the changing of seasons as land temperatures fluctuate more rapidly than those of water.21 H.H. Lamb argues in Climate, History and the Modern World that the latitude of Southeast Asia also plays a factor in the prevalence of monsoons affecting China.22 Like many cultures throughout the world, China relies upon agriculture for much of its subsistence. This crop reliance presents a tedious situation because of the massive issues accompanying a crop failure. Prior to the sophisticated irrigation techniques available today, agriculture was very reliant on consistent rainfall for its survival. In China, droughts occurred from time to time depending on the climate in the time between monsoon seasons, and these rainless periods devastated crop yields. On the other hand, the monsoon period and flooding sometimes brought too much rain, destroying crops as well. Accompanying these droughts, floods and crop failures were the resulting famines which left many impoverished. In the mid-twentieth century the Chinese were finally able to deal better with the droughts and famine by importing vast quantities of grain and otherShow MoreRelatedPrimary Document : China And China1146 Words   |  5 PagesWhat is the first thing that comes to your mind when you hear the name of the country China? Probably, like most people you think of The Great Wall or of the Monarchs. China is so much more than a 5,500-mile long wall of brick, and families ruling for hundreds and hundreds of years. China is bursting with 9.6 million square kilometers (Land Area.†) of delicate mountains, rivers and temperate climates. As well, China has a very storied, and treasured culture that has been enriched by many years of perseveranceRead MoreRenewable Energy And Climate Change1477 Words   |  6 PagesRenewable Energy and Climate Change Global warming and climate change is one of the most pressing issues in the contemporary society given its continued impacts on human life and the world’s ecosystem. The considerable effects of this issue have raised huge concerns among policymakers, governments, and the public. As a result, various initiatives have been developed in attempts to lessen global warming or climate change, especially those related to reducing the emission of greenhouse gases toRead MoreEssay about Medieval India and China1198 Words   |  5 PagesRunning head: Medieval India and China Paper Medieval India and China Paper Mike Colson University of Phoenix Global Civilizations 1400-1700 HIS 276 Mark Olick Medieval India and China In the following paper I will discuss the key differences in medieval India and China. I will compare and contrast each society’s social, cultural, political, and religious climates. In addition, explaining the civilizations economic environment during medieval times. Finally, I will describe howRead MoreChina And The Climate Change Debate995 Words   |  4 PagesMany know that China does not have the most positive background towards climate change, and being one of the world’s largest emitters of greenhouse gases, something has to be done. Furthermore, their initiative to this negative title and better their carbon footprint is questionable. With a substantial population, countless factories, and unfathomable waste disposal, it may be difficult to regulate or attempt to improve their ecological standpoint; however, little efforts have been presented. RecentlyRead MoreCorporate Environmental Responsibility: Sinopec’s impact on the sustainable and environm ent-friendly development1534 Words   |  7 Pagesenvironment-friendly development Nowadays, it is commonly recognized that human has destroyed natural environment with the human society and urbanization’s development. As the environment much more concerned by society and climate change influencing people’s daily life, Sinopec recognized that develop a sustainable and environment-friendly production could bring long-term benefits and satisfied society. As a worldwide energy and petrochemical company, Sinopec pay large attention to the environment protection (GreenRead MoreThroughout The Past Century, China Has Powered Through1283 Words   |  6 PagesThroughout the past century, China has powered through the obstacles of famine, unrest, economic dislocation, and enormous construction costs to continue its rapid development. Now a preeminent world power, China faces yet another development challenge: climate change. Current and past trends suggest that China will treat this problem as it has the other issues, ignoring damage to public welfare while ma intaining an obsessive fixation on projecting an image of modernity. The one potential savingRead MoreGlobal Warming Is A Global Issue Essay1115 Words   |  5 Pagesin the international society. Today, the great debate over the existence of global warming is over; almost everyone believes that global warming is a real issue that must be addressed. The world is now at the step in which it must take action to combat climate change. In the push to do this, many countries report their carbon emissions. However, in reporting our carbon emissions, many people are jumping to conclusions by wrongly pointing at China as most responsible for climate change. A ReutersRead MoreIntercultural Communication Is Important for an Effective Communicator1169 Words   |  5 Pagescommunication is necessary. In hot-climate cultures, which are based on relationship, communication must create a feel-good atmosphere. If someone asks, do you like my clothes? people in hot-climate cultures may answer yes, but they do not think it is pretty. It is polite in hot-climate cultures to not let people feel bad. However, in cold-climate cultures, which are oriented on task, communication must provide accurate information. The same situation, people in cold-climate cultures will answer differentlyRead MoreThe Scientific Prediction Of Overpopulation1307 Words   |  6 PagesThe Scientific Prediction of Overpopulation in China In today’s society, there are many environmental issues , such as pollution, global warming, and overpopulation. These issues have taken a damage on our environment and its resources. Overpopulation is a serious issue that will eventually have a greater negative impact on many countries, and this must be identified, analyzed, and controlled immediately. This issue caused a large crowd of people and the limited resources around the world.Read MoreClimate Change Is A Serious Reason For Nervousness1497 Words   |  6 PagesClimate change is a serious reason for nervousness. It touches all parts of life on our planet. Mostly every scientist claims that anthropogenic global warming is to blame for climate change. Nevertheless, there is a small fraction of people that deny the very presence of global warming. Their arguments carry a certain amount of influence in some groups, but they lack the scientific proof for their arguments. Global warming is the escalation of Earth’s average temperatures due to the effect of greenhouse

Frankenstein as an Inverse Creation Story - 1517 Words

Tamara Rosendall Mr. VanderKolk AP Literature 19 April 2013 Who is God: The Creator or the Created? Many find the popular TV show, Toddlers in Tiaras, to be entertaining. Some like the show for the drama while some like watching it to see all the little girls dressed up in frilly dresses and costumes. However, when analyzing the content of the show, one may see that the parents aren’t really the ones in charge—their prima donna daughter is. The reversed order of authority also plays a part in the gothic novel Frankenstein. Mary Shelley uses the characters of Victor Frankenstein and the monster to display a contradiction to the creation story in the Bible through her novel Frankenstein. Their relationship inverts the account of†¦show more content†¦(Shelley, p. 92) The monster reveals that he knows the duty that a creator has towards his creation, and that Frankenstein has not fulfilled any duty towards his creature. He continues to rebuke his creator and reminds the latter of their duties to one another. He proposes, â€Å"I am thy creature, and I will be even mild a docile to my natural lord and king, if thou wilt perform thy part, the which thou owest me†¦Remember, that I am thy creature; I ought to be thy Adam, but I am rather the fallen angel, whom thou drivest from joy for no misdeed,† (Shelley, p. 69). He offers a chance to fix their relationship, but he also reprimands Frankenstein for denying him at first. Again, the monster refers back to the book he found to compare to and argue that Victor has a duty to provide for him. He recalls the past few years of his life that he lived alone and criticizes, No Eve soothed my sorrows nor shared my thoughts; I was alone. I remembered Adam’s supplication to his Creator. But where was mine? He had abandoned me, and in the bitterness of my heart I cursed him†¦I am an unfortunate and deserted creature; I look around, and I have no relation or friend upon earth†¦I am an outcast in the world forever.† (Shelley, p. 94, 95) Frankenstein has also denied him the companionship that God gave to Adam in the garden. At the end ofShow MoreRelatedFrankenstein Influences1358 Words   |  6 PagesPersonal Life in the Story of Frankenstein The authors that are most successful in creating vivid emotions of fear, anguish and heartache are those that have experienced such emotions in their own lives. Mary Shelley in her gothic fiction novel Frankenstein presents her personal challenges through the literary work and characters. First, Mary’s own birth and the death of her mother are re-created in the fictional novel as the creation of the monster by Victor Frankenstein. Through the agonizingRead MoreEvil Embers Essay1953 Words   |  8 Pagesof all the research to be done on this particular poem. Described as odd by many of his colleagues and peers, Blake blended into the crowd of other romantic poets such as Mary Shelley and Percy Shelley (Merriman ). From the very beginnings of his creation, Blake claimed an essentially prophetic being, boasting his ability to â€Å"talk to God and have frequent conversations with his late brother Robert (Merriman ).† But besides his strange dementia infused state of bei ng, Blake was a brilliant man. HisRead MoreMetz Film Language a Semiotics of the Cinema PDF100902 Words   |  316 Pagesfigurative drawing even more so, being further from reality than photography is, since it cannot represent the literalness of graphic contours with the accuracy of a photographic image. It is easy to see how this concept of a continuous scale of inverse proportions would lead to countertruths. The truth is that there seems to be an optimal point, film, on either side of which the impression of reality produced by the fiction tends to decrease. On the one side, there is the theater, whose too real

Professional identity - Free Essay Example

Sample details Pages: 3 Words: 963 Downloads: 9 Date added: 2019/10/10 Did you like this example? Read the ABC News article titled: â€Å"‘Just a nurse’: Queensland woman writes open letter to woman at corner store† (Just a Nurse, 2016). 2. Consider the question: â€Å"Does Caitlin Brassington demonstrate a professional identity?† Provide your answer, including a thesis statement (theme) and supporting arguments. Don’t waste time! Our writers will create an original "Professional identity" essay for you Create order 3. Discuss the notion of professional identity and aspects of Caitlin’s self- description of her role as a registered nurse which demonstrate professionalism or professional attributes within this role. Within this discussion utilise examples from Caitlin’s blog which support your response to the assignment question. It is expected that academic literature++ through the use of suitable journal articles will be used to support your argument. The term professional identity is a complex term to be perceived and can be broadly described as a concept that can explain how people perceive themselves within the context of their occupation and how they communicate this to the others around them. There are several elements that can shape up one’s personal identity; Shared Expertise (Larson,1977) , peer observation and work socialization (Ibarra, 1999), strength of the shared sense of commonality among the professionals , ones education( both school and university level), job titles etc. are the most notable ones. Though many of the professionals would have come a long way up the ladder or been there in the industry for quite a long time, many of them have not solidified their individual professional identity. This fact clearly calls out that branding yourself before someone else does is of key importance when it comes to building a professional identity, which, when collectively put together, change the overall perception of a particular profession. An increased sense of professional identity is said to have a profound impact on the level of satisfaction and effectiveness at work. It is common that people usually have a pre- conceived notion of a particular profession which usually has a heavy influence in their career choices. But of course, there are many, who overlook the common notion, build his or her sense of professional identity and follow their dream powered by their passion. Professional identity gets its true self not just by engaging in professional development, but also by taking up the ownership of our professionalism. In the article: â€Å"Just a nurse†, Caitlin Brassington demonstrates a professional identity that deems her nothing short of being a role model. Her attitude towards her profession is clearly visible through her letter and so are the various aspects described above that leads to what one calls a perfect sense of professional identity. What can be understood from the letter is that the practice of shared expertise, peer observation and work socialization is well in place in the environment where (Caitlin) is working in (refer: // I can educate patients, carers, junior nurses and junior doctors on disease states, prognoses and treatment plans; I have been a lecturer in a school of medicine, teaching medical students). This may also lead to the fact that there exists not just a shared sense of responsibility, but also a sense of shared commonality among the medical professionals. Their sense of duty first family next points out that a deep sense of professional identity has been rooted in them, even though unfortunately , as a society, we tend to have biased judgments for different titles within a given profession. This biased judgments, or simply put, professional branding done by others will stand no chance amongst the medical professional who seem to discard any such discouraging remarks hurled at them.   Among the factors that were discussed above, there is one key factor which helps people develop a sense of professional identity: the course of education. Right from the childhood, we, knowingly or unknowingly are guided to form an opinion about everything. Holistic education is of extreme importance in the development of the children who will learn to understand the value of the things and people around them and not just to empathize on certain scenarios. Holistic education, when given at the right time, can instill a deep sense of personal identity, which later on branches out to professional identity. All the statements in Caitlin’s blog ju st proves that she given her 100% to what she has identified as her vision â€Å" caring for people† and nothing can stop her from doing so. Despite the fact that she felt let down by the term â€Å"just a nurse†, she carries on with her work. Through her blog Caitlin wishes to enlighten people on how unjust it is to form an opinion without willing to know the amount of back breaking hours they have spent caring for the community. She wants to call out to all of us that we should all develop a sense of professional identity not just for the professions we are involved in, but for all the professions and that each profession makes a considerable impact on the society that we live in. simply getting carried away with the external looks for e.g. â€Å"an attire â€Å" and forming an opinion may not be the right way. Thus to summarize, Caitlin, through her blog, exhibits a high sense of professional identity along with all other elements that contribute to the same and also wishes all the readers to understand and share her thoughts. This blog sought out to be a huge lesson for all the readers on how important each occupation is and how important it is to respect one and all for all the work that they have put in. Her blog is also a shout out to all those nurses out there who are  Ã‚   working their days and nights off for the welfare of their community. It is indeed the need of the hour to help everyone instill the sense of professional identity let Caitlin’s letter be a pathbreaker for the same.

Essay on Product Differentiation - 635 Words

Fast food companies such as McDonald’s, Taco Bell, and KFC are all an example of monopolistic competition. Monopolistic competition is characterized by (1) a relatively large number of sellers, (2) differentiated products (promoted by advertising), and (3) easy entry and exit from industry (McConnell p.445). Fast food companies fit into monopolistic competition because consumers perceive that there are non-price differences among the competitors’ products, there are many producers and customers in a given market, and the producers have a degree of control over the price of the products (Wikipedia). Fast food companies have the ability to set there own price without losing customers because of product differentiation. For example,†¦show more content†¦Marketing also plays a key role in product differentiation. By marketing a product to make it seem different from a competitor is important in a company setting itself apart from competitors. For example, McDo nald’s has for years carefully cultivated its image as a place for kids to have fun (Ronald McDonald visits, play area, etc.). This is what sets McDonald’s apart from the competition. Although Burger King offers similar food, McDonald’s makes more money because they have done a better job marketing their product. If you were to eat a McDonald’s sandwich and then a Burger King sandwich, you may not notice much of a difference. But the food is marketed to make it seem that these sandwiches are much more different than they really are. The last characteristic of a monopolistic competition that the fast food industry exemplifies is easy entry and exit from the industry. Using the example above, other food vendors are allowed to open outlets in the shopping mall if they thought it would be profitable to do so. In addition, existing firms can and will close if they find they are not covering their cost in the long run. Monopolistic competition, then, dif fers from the other three market structures. It’s not the same as perfect competition: firms have some power to set prices. It’s not pure monopoly: firms face some competition. And it’s not the same as oligopoly: because there are many firms and freeShow MoreRelatedThe Concept Of Product Differentiation3621 Words   |  15 Pagesoffering customers the same products and services. Particularly, when it is likely that those products and services are in such high demand. For customers, this is a good value for them to have more options on selecting their most preferable and quality product. In consequence, this circumstance will encourage more competitive of trade in those products and services markets. Therefore, the most challenging work for emerging company is to consider how to make their own products preferred by most consumersRead MoreProduct Differentiation and Market Segmentation in Applesauce9018 Words   |  37 PagesProduct Differentiation and Market S egmentation in Applesauce: Using a Choice Experiment to Assess the Value of Organic, Local, and Nutrition Attributes Jennifer S. James, Bradley J. Rickard, William J. Rossman Recently, there has been much interest among horticultural producers concerning the marketing of organic and locally produced food. A consumer survey was administered that asked respondents to choose an applesauce product from a list of products differentiated by price, and by labels thatRead MoreNokia Product Differentiation1933 Words   |  8 PagesSubstitutes The power of substitutes is moderate and it actually depends on the impact of substitute products. Smart phones do wide variety of functions so any product that specialize In one of those individual functions can also be termed as a substitute. Buyer power Buyers bargaining power is high because of the following reasons: * More choice of products and very limited differentiation of those products * Elastic demand- demand is highly sensitive to economy * Less asymmetric information-buyersRead MoreHow Does Market Segmentation Differ From Target Marketing?905 Words   |  4 Pagesstrategy. This steps consist of dividing the market taking into account different criteria to do it. In other words, marketers have to consider characteristics and the different needs that customer might have. This step helps marketers to determine what products buyers might require. After doing this, once marketers have all the information they need about the different segments of the market, they decide what segment to enter by evaluating all of the segments they identified in the previous step; thisRead MoreSelecting Shop Location For A Seller876 Words   |  4 Pagesseller is crucial because consumers tend to buy the products that located near their home. Therefore, products are differentiated by the shop locations, which is known as spatial model of product differentiation. The buyer considers the ground price and transportation cost when choosing the products. Those considerations become differentiation factors of products from the buyers. To get deeper understanding about spatial model of differentiation, Hotelling illustrates that the buyers are evenly distributedRead MorePepsi Inc : An American Based Multinational Company Essay1445 Words   |  6 Pageson the market the company targets. It is important to note that an oligopoly market is defined by existence of a small number of firms which deal with products that are close substitutes that is products which have positive as well as high cross demand elasticity. In light of this, it is clear that coca cola and Pepsi sell homogenous products and this makes it possible for them to control the prices. The two companies mostly apply the principles of cutthroat competition to gain more customersRead MoreDesigning A Product, Brand, And Service Unique828 Words   |  4 PagesA differentiation strategy is the efforts to make a product, brand, or service unique as compared to all other competitors, hence providing a competitive advantage (Pearce Robinson, 2011, p. 219). There are several key skills and resources that managers should be cognizant of in order to build and base their positive differentiated strategy. The following essay will expand on these topics which include skills and resources, as well as, organization al requirements. To begin with, skills and resourcesRead MoreWhy Does Each of the Five Generic Competitive Strategies Require a Different Set of Product/Market/Distinctive Competency Choices?1364 Words   |  6 PagesSTRATEGIC MANAGEMENT 1 Question Why does each of the five generic competitive strategies require a different set of product/market/distinctive competency choices? Give examples of pairs of companies in Zimbabwe’s computer industry and food industry that pursue different competitive strategies. Answer The five generic competitive strategies have become some of the most used competitive strategies in contemporary corporate management. Michael E. Porter (1980) described competitive strategyRead MoreDifferentiation Strategy1145 Words   |  5 PagesThe next option is a broad differentiation strategy providing products or services that offer benefits different from those of competitors and that are widely valued by buyers. The aim is to achieve competitive advantage by offering better products or services at the same price or enhancing margins by pricing slightly higher. Differentiation may be achieved in a number of ways. The product may incorporate a more innovative design, may be produced using advanced materials or quality processesRead MoreFive Generic Competitive Strategies1506 Words   |  7 Pagescompany’s product or service offering from the offerings of rivals. 4. Recognize the attributes of a best-cost provider strategy and the way in which some firms use a hybrid strategy to go about building a competitive advantage and delivering superior value to customers. 5–2 Why Do Strategies Differ? Is the firm’s market target broad or narrow? Key factors that distinguish one strategy from another Is the competitive advantage pursued linked to low costs or product differentiation? 5–3 THE

Financial Accounting Final Answers Free Essays

ANSWERS 1 a) 1 b) 1 c) 1 d) 1 e) 1 f) This transaction has no effect on the balance sheet since this is only an order, no financial value. 1 g) 1 h) 1 i) 1 j) 2 a) a] b] c] d] e] f] g] h] j] k] l] 2 b) INCOME STATEMENT as of April, 30th Sales Revenue$10,000 COGS $(6,500) GROSS MARGIN $ 3500 Salary Expense $(1,000) Rent Expense $(2,000) Utilities Expense   $(200) Depreciation Expense   $(90) TOTAL EXPENSES $ (3290) Net Income: 3500 – 3290 = $ 210 BALANCE SHEET as of April, 30th Cash 3,870 Acc / Pay 5,000 A/R 10,000 (Raw Mat 11,800 + Finished Goods1,500) Inv 13,300 Total Current Assets $ 27,170 Total Current Liabilities $ 5,000 (Depreciation $90) PPE (Net) $ 5910 C/S $ 30,000 Prepaid Rent $ 2000 R/E $ 80 Total Non-Current Assets $ 7,910 SHE $ 30,080 A = $ 35,080 = L + E = 30,080 + 5,000 = $ 35,080 Age |Amount |Estimate to be Uncollectible |Required balance in Allowance| |1-30 Days |$600,000 |%% 0. 70% |$4,200 | |31-60 Days |$175,000 |% 1. We will write a custom essay sample on Financial Accounting Final Answers or any similar topic only for you Order Now 20% |$2,100 | |61-120 Days |$70,000 |% 11% |$7,700 | |More than 120 Days |$10,000 |% 65% |$6,500 | |Year-end balance of allowance for doubtful accounts  Ã‚  Ã‚  Ã‚   = $20,500 | a) The credit balance in the allowance for uncollectible accounts is $ 2,500 20,500 – 2,500 = 18,000 3 b) In case of skimming the adjusting journal entry, since it would show expense understated; balance sheet equation would be overstated comparing otherwise. The reason to that is removal of this amount would present the company as if it contains higher receivable accounts. 4 a i) Cost of Goods Available for Sale = AFS = InvB + Purchases = = (3,500Ãâ€"66) + (3400Ãâ€"64. 75)+(3,200Ãâ€"64. 30) = $ 656,910 COGS (LIFO) = (3,500Ãâ€"66) + (3400Ãâ€"64. 75)+(150Ãâ€"64. 30) = 231,000 + 220,150 + 9,645 COGS (LIFO) = $ 460,795 InvE = AFS – COGS = 656,910 – 460,795 = $ 196,115 = (3050Ãâ€"64. 30) a ii) Cost of Goods Available for Sale = AFS = $ 656,910 COGS (FIFO) = (3,200Ãâ€"64. 30) + (3,400Ãâ€"64. 75)+(450Ãâ€"66) = 205,760 + 220,150 + 29,700 COGS (FIFO) = $ 455,610 InvE = AFS – COGS = 656,910 – 455,610 = $ 201,300 = (3050Ãâ€"66) iii) Cost of Goods Available for Sale = AFS = $ 656,910 Total Units = 3,200 + 3,400 + 3,500 = 10,100 Total Sold Units = 3,600 + 3,450 = 7,050 COGS (FIFO) = (7,050Ãâ€"65. 0405) = COGS (FIFO) = $ 458,536 InvE = AFS – COGS = 656,910 – 458,536 = $ 198,374 = (3050Ãâ€"65. 0405) 4 b) They are to use LIFO calculation in order to minimize Taxes. The reason for that is in LIFO, which is last in first out method costs of goods are calculated starting from the latest purchases, eventually with higher unit costs. So since the expe nses will be shown higher taxes for this period shall be minimized. c) Thomas Engine Company is required to use FIFO method should they choose to report higher profits in March. As per FIFO cost for sold goods are calculated starting from the first received material (earlier inventory mostly as in this example) consequently with lower unit costs will take place in calculations for profits. 5) Original Cost = $ 177,600, Salvage Value= $ 9,600, Assumed Useful Life = 6 years Assumed Total Operating Hours = 30,000 hrs a i) Straight Line Method Average Depreciation Expense = (177,600 – 9,600) / 6 = 28,000 $/per year End of Year |Depreciation Expense ($) |Book Value ($) | |1 |28,000 |149,600 | |2 |28,000 |121,600 | |3 |28,000 |93,600 | ii) SYD Method |EoY |Depreciable Base ($) |Depr. Rate |Depr. Expense ($) |Accumulated Depr. $) |Book Value ($) | |1 |168,000 |6 / 21 |48,000 |48,000 |129,600 | |2 |168,000 |5 / 21 |40,000 |88,000 |89,600 | |3 |168,000 |4 / 21 |32,000 |120,000 |57,600 | a iii) Activity Method |End of Year |Hours Operated |Depr. Expense ($) |Book Value ($) | |1 |4,500 |25,200 |152,400 | |2 |5,000 |28,000 |124,000 | |3 |5,500 |30,800 |93,600 | b) c) As it is S/L Method the Average Depreciation Expense = (177,600 – 9,600)/6 = 28,000 $/per year Accumulated Depreciation Expense at the end of 3rd year is = 28,000 x 3 = $ 84,000 d) As per SYD Table above Book Value at the end of the 2nd year is $ 89,600. Sold Price = $ 73,000 Loss = 89,600 – 73,000 = $ 16,600 Accordingly; e) As per tables above Book Values at the S/L and Activity Methods are same ($ 93,600) and higher than SYD. The reason of this coencidence is at the end of 3rd year, which is exactly the half of assumed useful life, total operating is (4,500 + 5,000 + 5,500) 15,000 hrs, which is also exactly half of the assumed total operated hours. 6) |Second Year |Second Year w/ loan | |Total Current Assets ($) |36,000 |46,000 | |Total Assets ($) |66,000 |76,000 | |Total Current Liabilities ($) |4,600 |4,600 | |Total Long Term Liabilities ($) |—– |10,000 | |Total SHE ($) |61,400 |61,400 | a) Long Term Debt Ratio= LTD / Total Assets = 0 / 66,000 = 0 b) Debt – Equity Ratio = Total Debt / SHE = 4,600 / 61,400 = 0. 75 c) Current Ratio = Current Asset s / Current Liabilities = 36,000 / 4,600 = 7. 82 d) LTD / Total Assets = 10,000 / 76,000 = 0. 13 e) Total Debt / SHE = 14,600 / 61,400 = 0. 24 f) Current Ratio = 46,000 / 4,600 = 10 ———————– DR Cash†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 100,000 CR C/S†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 100,000 DR Equipment†¦Ã¢â‚¬ ¦. †¦. 225 CR Acc Payable†¦.. †¦ 225 DR Cash†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦. 5,000 † Ã¢â‚¬   †  †  †  †  †  † Ã¢â‚¬  ? † Ã¢â‚¬   †  †  † Ã¢â‚¬   †  †  † Ã¢â‚¬   CR Acc Receivable†¦ 5,000 A = L + E A = L + E DR Prepaid Insu Exp †¦. 3,000 CR Cash†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 3,000 A = L + E DR Acc Receivable †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 5,000 CR Sales Rev†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 5,000 A = L + E DR Prepaid Rent†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 1,000 CR Cash†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 1,000 A = L + E DR Land†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 25,000 CR C/S†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 25,000 A = L + E DR Equipment†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 7,500 CR Acc Payable†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 6,800 CR Cash†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 700 A = L + E A = L + E DR Acc Payable†¦Ã¢â‚¬ ¦. †¦. 225 CR Check/Cash†¦.. †¦ 225 A = L + E Apr, 1st) DR Cash†¦.. †¦Ã¢â‚¬ ¦. †¦. $ 30,000 CR Common Stock. †¦ $ 30,000 Apr, 2nd ) DR PPE †¦Ã¢â‚¬ ¦. †¦. $ 6,000 CR Cash†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦ $ 6,000 Adjusting Entry on Apr, 30th ) DR Depreciation Exp†¦Ã¢â‚¬ ¦. $ 90 CR Acc Depreciation†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. $ 90 Apr, 4th ) DR Inventory†¦.. †¦Ã¢â‚¬ ¦.. $ 10,000 CR Cash†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦ $ 10,000 Apr, 1st ) DR Prepaid Rent†¦.. †¦$ 4, 000 CR Cash†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦ $ 4,000 Adjusting Entry on Apr, 30th ) DR Rent Expense†¦Ã¢â‚¬ ¦. $ 2,000 CR Prepaid Rent †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. $ 2,000 Apr, 8th ) DR Work in Progress †¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. $ 8,000 CR Raw Material in Use†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦ $ 8,000 Apr, 10th ) DR Raw Material †¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. $ 5,000 CR Acc / Payable†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦ $ 5,000 Apr, 14th ) DR Inventory Expense †¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. $ 4,000 DR Salary Expense†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦$ 1,000 CR Cash†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦. †¦ $ 5,000 Apr, 15th ) DR Inventory Expense †¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. $ 800 DR Salary Expense†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦$ 200 CR Cash†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦. †¦ $ 1,000 Apr, 30th ) DR Accounts Receivable†¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢ € ¦.. 10,000 CR Sales Revenue†¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦. †¦$ 10,000 Apr, 30th ) DR COGS†¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. $ 6,500 CR Inventory. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦. †¦$ 6,500 Apr, 30th ) DR Dividend†¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦.. $ 130 CR Cash†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦. †¦$ 130 DR Bad Debt Expense †¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. $ 18,000 CR Allowance for Doubt Acc†¦Ã¢â‚¬ ¦. †¦ $ 18,000 Average Unit Cost = =656,910/10,100 = $ 65. 0405 DR Depr Exp †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦$ 28,000 CR Acc Depr†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. $ 28,000 A = L + E DR Depr Exp †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $ 28,000 Acc Depr†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $ 28,000 Loss from Asset Disposal†¦Ã¢â‚¬ ¦. $ 16,600 CR Machinery†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. $ 177,6 00 A = L + E R/EB + N/I = R/EE + Dividend 0 + 210 = R/EE + 130 R/EE = $ 80 How to cite Financial Accounting Final Answers, Essay examples

Financial Accounting Final Answers Free Essays

ANSWERS 1 a) 1 b) 1 c) 1 d) 1 e) 1 f) This transaction has no effect on the balance sheet since this is only an order, no financial value. 1 g) 1 h) 1 i) 1 j) 2 a) a] b] c] d] e] f] g] h] j] k] l] 2 b) INCOME STATEMENT as of April, 30th Sales Revenue$10,000 COGS $(6,500) GROSS MARGIN $ 3500 Salary Expense $(1,000) Rent Expense $(2,000) Utilities Expense   $(200) Depreciation Expense   $(90) TOTAL EXPENSES $ (3290) Net Income: 3500 – 3290 = $ 210 BALANCE SHEET as of April, 30th Cash 3,870 Acc / Pay 5,000 A/R 10,000 (Raw Mat 11,800 + Finished Goods1,500) Inv 13,300 Total Current Assets $ 27,170 Total Current Liabilities $ 5,000 (Depreciation $90) PPE (Net) $ 5910 C/S $ 30,000 Prepaid Rent $ 2000 R/E $ 80 Total Non-Current Assets $ 7,910 SHE $ 30,080 A = $ 35,080 = L + E = 30,080 + 5,000 = $ 35,080 Age |Amount |Estimate to be Uncollectible |Required balance in Allowance| |1-30 Days |$600,000 |%% 0. 70% |$4,200 | |31-60 Days |$175,000 |% 1. We will write a custom essay sample on Financial Accounting Final Answers or any similar topic only for you Order Now 20% |$2,100 | |61-120 Days |$70,000 |% 11% |$7,700 | |More than 120 Days |$10,000 |% 65% |$6,500 | |Year-end balance of allowance for doubtful accounts  Ã‚  Ã‚  Ã‚   = $20,500 | a) The credit balance in the allowance for uncollectible accounts is $ 2,500 20,500 – 2,500 = 18,000 3 b) In case of skimming the adjusting journal entry, since it would show expense understated; balance sheet equation would be overstated comparing otherwise. The reason to that is removal of this amount would present the company as if it contains higher receivable accounts. 4 a i) Cost of Goods Available for Sale = AFS = InvB + Purchases = = (3,500Ãâ€"66) + (3400Ãâ€"64. 75)+(3,200Ãâ€"64. 30) = $ 656,910 COGS (LIFO) = (3,500Ãâ€"66) + (3400Ãâ€"64. 75)+(150Ãâ€"64. 30) = 231,000 + 220,150 + 9,645 COGS (LIFO) = $ 460,795 InvE = AFS – COGS = 656,910 – 460,795 = $ 196,115 = (3050Ãâ€"64. 30) a ii) Cost of Goods Available for Sale = AFS = $ 656,910 COGS (FIFO) = (3,200Ãâ€"64. 30) + (3,400Ãâ€"64. 75)+(450Ãâ€"66) = 205,760 + 220,150 + 29,700 COGS (FIFO) = $ 455,610 InvE = AFS – COGS = 656,910 – 455,610 = $ 201,300 = (3050Ãâ€"66) iii) Cost of Goods Available for Sale = AFS = $ 656,910 Total Units = 3,200 + 3,400 + 3,500 = 10,100 Total Sold Units = 3,600 + 3,450 = 7,050 COGS (FIFO) = (7,050Ãâ€"65. 0405) = COGS (FIFO) = $ 458,536 InvE = AFS – COGS = 656,910 – 458,536 = $ 198,374 = (3050Ãâ€"65. 0405) 4 b) They are to use LIFO calculation in order to minimize Taxes. The reason for that is in LIFO, which is last in first out method costs of goods are calculated starting from the latest purchases, eventually with higher unit costs. So since the expe nses will be shown higher taxes for this period shall be minimized. c) Thomas Engine Company is required to use FIFO method should they choose to report higher profits in March. As per FIFO cost for sold goods are calculated starting from the first received material (earlier inventory mostly as in this example) consequently with lower unit costs will take place in calculations for profits. 5) Original Cost = $ 177,600, Salvage Value= $ 9,600, Assumed Useful Life = 6 years Assumed Total Operating Hours = 30,000 hrs a i) Straight Line Method Average Depreciation Expense = (177,600 – 9,600) / 6 = 28,000 $/per year End of Year |Depreciation Expense ($) |Book Value ($) | |1 |28,000 |149,600 | |2 |28,000 |121,600 | |3 |28,000 |93,600 | ii) SYD Method |EoY |Depreciable Base ($) |Depr. Rate |Depr. Expense ($) |Accumulated Depr. $) |Book Value ($) | |1 |168,000 |6 / 21 |48,000 |48,000 |129,600 | |2 |168,000 |5 / 21 |40,000 |88,000 |89,600 | |3 |168,000 |4 / 21 |32,000 |120,000 |57,600 | a iii) Activity Method |End of Year |Hours Operated |Depr. Expense ($) |Book Value ($) | |1 |4,500 |25,200 |152,400 | |2 |5,000 |28,000 |124,000 | |3 |5,500 |30,800 |93,600 | b) c) As it is S/L Method the Average Depreciation Expense = (177,600 – 9,600)/6 = 28,000 $/per year Accumulated Depreciation Expense at the end of 3rd year is = 28,000 x 3 = $ 84,000 d) As per SYD Table above Book Value at the end of the 2nd year is $ 89,600. Sold Price = $ 73,000 Loss = 89,600 – 73,000 = $ 16,600 Accordingly; e) As per tables above Book Values at the S/L and Activity Methods are same ($ 93,600) and higher than SYD. The reason of this coencidence is at the end of 3rd year, which is exactly the half of assumed useful life, total operating is (4,500 + 5,000 + 5,500) 15,000 hrs, which is also exactly half of the assumed total operated hours. 6) |Second Year |Second Year w/ loan | |Total Current Assets ($) |36,000 |46,000 | |Total Assets ($) |66,000 |76,000 | |Total Current Liabilities ($) |4,600 |4,600 | |Total Long Term Liabilities ($) |—– |10,000 | |Total SHE ($) |61,400 |61,400 | a) Long Term Debt Ratio= LTD / Total Assets = 0 / 66,000 = 0 b) Debt – Equity Ratio = Total Debt / SHE = 4,600 / 61,400 = 0. 75 c) Current Ratio = Current Asset s / Current Liabilities = 36,000 / 4,600 = 7. 82 d) LTD / Total Assets = 10,000 / 76,000 = 0. 13 e) Total Debt / SHE = 14,600 / 61,400 = 0. 24 f) Current Ratio = 46,000 / 4,600 = 10 ———————– DR Cash†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 100,000 CR C/S†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 100,000 DR Equipment†¦Ã¢â‚¬ ¦. †¦. 225 CR Acc Payable†¦.. †¦ 225 DR Cash†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦. 5,000 † Ã¢â‚¬   †  †  †  †  †  † Ã¢â‚¬  ? † Ã¢â‚¬   †  †  † Ã¢â‚¬   †  †  † Ã¢â‚¬   CR Acc Receivable†¦ 5,000 A = L + E A = L + E DR Prepaid Insu Exp †¦. 3,000 CR Cash†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 3,000 A = L + E DR Acc Receivable †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 5,000 CR Sales Rev†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 5,000 A = L + E DR Prepaid Rent†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 1,000 CR Cash†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 1,000 A = L + E DR Land†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 25,000 CR C/S†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 25,000 A = L + E DR Equipment†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 7,500 CR Acc Payable†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 6,800 CR Cash†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 700 A = L + E A = L + E DR Acc Payable†¦Ã¢â‚¬ ¦. †¦. 225 CR Check/Cash†¦.. †¦ 225 A = L + E Apr, 1st) DR Cash†¦.. †¦Ã¢â‚¬ ¦. †¦. $ 30,000 CR Common Stock. †¦ $ 30,000 Apr, 2nd ) DR PPE †¦Ã¢â‚¬ ¦. †¦. $ 6,000 CR Cash†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦ $ 6,000 Adjusting Entry on Apr, 30th ) DR Depreciation Exp†¦Ã¢â‚¬ ¦. $ 90 CR Acc Depreciation†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. $ 90 Apr, 4th ) DR Inventory†¦.. †¦Ã¢â‚¬ ¦.. $ 10,000 CR Cash†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦ $ 10,000 Apr, 1st ) DR Prepaid Rent†¦.. †¦$ 4, 000 CR Cash†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦ $ 4,000 Adjusting Entry on Apr, 30th ) DR Rent Expense†¦Ã¢â‚¬ ¦. $ 2,000 CR Prepaid Rent †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. $ 2,000 Apr, 8th ) DR Work in Progress †¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. $ 8,000 CR Raw Material in Use†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦ $ 8,000 Apr, 10th ) DR Raw Material †¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. $ 5,000 CR Acc / Payable†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦ $ 5,000 Apr, 14th ) DR Inventory Expense †¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. $ 4,000 DR Salary Expense†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦$ 1,000 CR Cash†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦. †¦ $ 5,000 Apr, 15th ) DR Inventory Expense †¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. $ 800 DR Salary Expense†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦$ 200 CR Cash†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦. †¦ $ 1,000 Apr, 30th ) DR Accounts Receivable†¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢ € ¦.. 10,000 CR Sales Revenue†¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦. †¦$ 10,000 Apr, 30th ) DR COGS†¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. $ 6,500 CR Inventory. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦. †¦$ 6,500 Apr, 30th ) DR Dividend†¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦.. $ 130 CR Cash†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦. †¦$ 130 DR Bad Debt Expense †¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. $ 18,000 CR Allowance for Doubt Acc†¦Ã¢â‚¬ ¦. †¦ $ 18,000 Average Unit Cost = =656,910/10,100 = $ 65. 0405 DR Depr Exp †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦$ 28,000 CR Acc Depr†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. $ 28,000 A = L + E DR Depr Exp †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $ 28,000 Acc Depr†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ $ 28,000 Loss from Asset Disposal†¦Ã¢â‚¬ ¦. $ 16,600 CR Machinery†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. $ 177,6 00 A = L + E R/EB + N/I = R/EE + Dividend 0 + 210 = R/EE + 130 R/EE = $ 80 How to cite Financial Accounting Final Answers, Essay examples

Reading in the Dark Essay Example For Students

Reading in the Dark Essay Reading In the DarkIn his novel, Reading In the Dark, Seamus Deane tells the story of an Irish Catholic family in Northern Ireland between the late Forties and early Seventies. He traces the path taken by a growing boy searching for and finding the truth about his family during this very tumultuous time and having to come to terms with what he discovers. Deane uses this family to illustrate the issues surrounding history that are central to the deeper understanding of his novel. He shows how the British governments and the Catholic churchs differing agendas affect these peoples history and the consequences of not dealing with their history and past resulting in their subjugation and passivity. The theme of haunting plays a major role in the history of this family and the overall society of this people illustrating the problems of not confronting and not knowing the past. The hauntings also further illustrate how various forms of authority affect the way history is written and hidden. Deane begins the novel with the haunting of the familys home which starts to hint at the importance of history and the failure to deal with it. Theres something between us. A shadow. Dont move,' (Deane 3). This is the first reference to there being something dark and sinister to this family. The shadow here is the ghost that haunts the family, but in fact represents the true history of the family that has not been exorcised. By calling it a shadow, this brings up dark and ominous connotations about what has happened in their past. This shadow is also between the mother and son, a clear indication that the existence of it keeps them apart emotionally. The secret of their history builds walls between the members which will destroy the relationships among their family. No, nothing, nothing at allAll imaginationTheres nothing there, (Deane 4). The mother ignores the truth and fails to deal with it. She attempts to ignore it by burying the past inside her. The truth about their history be comes nothing more than a ghost in this family, festering inside those who know the truth, but dont tell it, which in the long run will destroy themselves and others around them. The house itself is haunted which is used by Deane to illustrate the strength and affect of how history and the failure to deal with it affects the surroundings around a person, in this case the family. We had a ghost, even in the middle of the afternoonThe house was all cobweb tremors. No matter where I walked, it yielded before me and settled behind me. (Deane 5)Deane reestablishes the secrets of the family by saying they had a ghost in the afternoon. This only helps to strengthen that this is not the typical ghost and haunting, which in the usual sense would take place at night. This is something more, the history of the family that will not go away unless it is brought out. This hidden history and truth is so strong that the house becomes a sort of ghost and haunts the family as well. The house, which further represents Northern Ireland, becomes the past and history that they refuse to deal with, whichconstantly surrounds them. He describes the house as cobweb tremors implying th at the secrets of their history are old, since the image of cobwebs creates the vision of something long and unattended to. It is this truth about their past that has been unattended to or rather not dealt with. The use of the word tremors describes that this secret still affects them, though it is very old. This reveals Deanes larger concern of how history and not dealing with it can affect everything no matter if it is alive or inanimate. These issues take on a life of their own, unpredictable and uncontrollable. In Eddie Deane begins with the stories of what may have happened to the narrators uncle, commenting on who writes history. I wanted him to make the story his own and cut in on their talk, (Deane 8). The story being referred to is that of what happened to the narrators Uncle Eddie in the distillery shoot out, something that

Prospects and Challenges Faced by Users of E-Banking in Malaysia

Question: Describe about the Prospects and Challenges of E-banking in Malaysia? Answer: Research Methodology A research methodology helps the researcher in collecting the facts, analysing those facts and then interpreting observed facts. (Daniel, 1999) This section of research methodology introduces a logical framework which needs to be followed in the process of leading this study. Our research methodology will be divided into three parts, i.e. research design, collecting population and sample data and analysis of collected data. (Balachandran Guru, 2000) Research Design The major objective of research design will be to plan for selecting the subjects, researching sites procedures for data collection so as to answer the research questions. A research design would be a conceptual framework within which research process would take place and would comprise the blueprint for data collection thereafter the analysis of data that would be collected. (Indian Word Stats, 2010) Based on the objectives of our study and the purposes to be served by the study and the kind of data involved, qualitative exploratory research design would be implemented. The purpose or the objective will be to provide clear understanding of internet banking, its impact importance, its usages with main concentration on benefits and disadvantages of using internet banking. Qualitative data would be collected from the customers of banks which are either using internet banking services or are not using internet banking services, also from bank employees. (Lichtenstein Williamson, 2006) In the first phase of the research qualitative research methodology will be used. Pilot testing of survey helps to attain the in-depth response from the target group. On the basis of this in the second phase exploratory research methodology will be used. The execution of the research would begin with the questionnaire. In this screening criterion will be used by us, so as to identify the target group for this research. The screening will take place on the basis of 3 questions: Do target audience have internet access? Do target audience know how to use internet. Do the target audience banks provide internet banking facility? (Rogers, 1995) The research would travel through the target groups perception about the manual banking also. In order to measure the impact of manual banking transactions it was important to take the opinion from the target group about manual banking. Thereafter, the study will be divided into 2 parts: the customers who dont use internet banking and customers who use internet banking. It is important to bifurcate in order to understand the perceptions of the customers completely. This bifurcation helped to correlate the information between both the users and non-users of internet banking. It will also guide us to evaluate the present level of satisfaction of the customers who are the users of internet banking. The assessment of different frameworks will end up with the landscape study of the areas, which are required to be improved by the banks. The studies done earlier have mentioned that ease of use, reliability, accessibility, personality, accuracy, efficiency security could influence the use o f internet banking. At the time of conducting the survey the major focus will be on all the possible demographics, i.e. sex, age, occupation status, financial status, etc. The purpose behind covering different demographics would be to minimize the survey errors, as the sample of population needs to be taken for the purpose of completing the study. Questionnaire would be prepared in accordance to Likerts five point scale in order to calculate the opinion on different parameters by different customers. (Chau Patrick, 1996) Population Sample Target Population The first indicator to have the targeted sample would be the customers of banks who have internet access, know how to use internet whose bank provides the internet banking facilities. The sample for conducting the survey includes customers from Britain (UK). The research would cover different customers from different banks from different locations of Britain. Britain is considered as mini U.K. While conducting this survey we would take suggestions from the employees of biggest banks of UK like Bank of Scotland, Barclays HSBC in order to get more in-depth knowledge about internet banking. The survey will also aim on covering all the demographic factors in the sample itself. (Mayer, Davis Schoorman, 1995) Sample Size The customers of the banks would be our sample for the research. In total 20 bank customers from different localities from different banks were surveyed. Out of 20 people approached, the replies we got were 10, which fitted in our target population criteria. The data analysis is based on those 10 bank customers. The respondent file that took the survey and completed it is given in the below table: (Ainin, Lim Wee, 2005) Respondent Profile for Non Internet Banking Users Internet Banking Users Basis/Factors Users of Internet Banking (Total=4) Non-Users of Internet Banking (Total= 6) Total i.e. 10 Post graduates Graduates Under Graduates 3 1 0 2 3 1 5 4 1 Male Female 3 1 4 2 7 3 Income level below 2 million/year Income level above 2 million/year 3 1 5 1 8 2 Age 20-30 Age 30-40 Age 40-50 2 1 1 3 2 1 5 3 2 Data Collection For collecting the data the primary and secondary sources would be used. Secondary sources like internet, banking websites, journals and reports would be used in order to complete the study. Also primary sources would be used such as closed and open ended questionnaires were prepared for the customers through survey monkey. The purpose of the questionnaires would be to find out information regarding the level of usage of internet baking, services offered, customers demographic, satisfaction level of customers, benefits of internet banking, and growth opportunities of internet banking, the disadvantages and challenges faced by the users of internet banking. The questionnaire method of research will help us to save time cost for the researchers as well as the respondents. (Greenland, 1995) Data Analysis The analysis has been made on 10 target responses which were received after conducting the survey. The respondents had different educational qualifications, were of different age groups. The aim of the study would be to find out the perception of the customers about internet banking. From the selected sample of 10 respondents, it is observed that 60% of the sample does not use internet banking facilities provided by banks. The rate at which banks invest in providing such kind of services is growing, mere 40% users reflects a big gap between the investments and its returns. From the results of the survey it is clear that role of education is not much important in improving the usage of internet banking services. This study reflected that there is a major difference between educated non users of internet banking and users of internet banking. Academic people were using more of internet banking facilities. Earlier researchers did not studied this factor while doing there research. This becomes vital in a country where the education level is not too high. Gender of customers also does not play an important role in using internet banking services. The study reflected that females are less internet banking users when compared to makes. Thereafter a small research is done on the usage of internet banking and the gender role. In the same way, the study revealed that people belonging to higher income groups are more users of internet banking. However, age and choices of internet banking are independent of each other. The customers from a younger age group are more users of internet banking when compare with older age group people. (Ndubisi Sinti, 2006) The above observations and findings showcase that customers which believe that manual banking is more convenient and are not using internet banking. This out dated and age hold perception has become so strong that even such efficient fast modes like internet banking or banking through mobiles has not been able to change it. The major reasons for this out dated perception are the manual banking offers more flexibility human interaction. There is no reason that motivates the customers to use internet banking facilities as the customers have a strong confidence that manual banking is convenient and easy to use. (Fishbein Ajzen, 1975) According to the data collected it showed that 50% of total respondents are happy with the manual banking services, so this would be the strongest criteria for the customers, which influences their mind not to go for internet banking services. Almost 10% of the customers were neutral, i.e. they may choose to use internet banking services if they are given motivation to do so. The reason behind high number of non-internet banking customers may be due to manual banking providing better service quality. The biggest reason behind any failure or acceptance of electronic commerce is service quality. (Basyir, 2000) In many earlier studies conducted also showed that biggest concern for not using internet banking services is security. Almost 60% of the customers do not prefer to use internet banking services due to high level of cybercrimes like hacking, phishing, etc. on the other hand the result showed 15% of the respondents have faced such problems in past, so they do not prefer to use online banking services. This could be the reason why 25% of customers do not prefer internet banking services as shown in table 3, 4, 5. (Khalil Pearson, 2007) The biggest factor that is stopping customers to use internet banking services is the security concern. This reflects the conceptual framework which states that security is an important factor for accepting any service. The biggest factor which motivates to opt for internet banking is trust. Users are convinced about internet usage. Thus the motivating factor behind internet banking usage is trust, if banks are able to build trust on the customers by providing proper security, customers will definitely opt for internet banking services. 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