Customer response letter Example

Customer response letter Example Customer response letter – Essay Example 1 February of the Address Dear of the Yes, unprofessional and rude attitude of the staff is certainly a critical issue that our company is facing these days. Late serving of orders and unwillingness to accept criticism upon mistakes are two such issues that we need to work out as soon as possible. We have heard it from some other customers too that they face indecent behavior when they come in contact with the waiters. Customers definitely feel very bad and dejected when they face such behavior of waiters in response of complaints. I really apologize from the behalf of my company upon whatever you have experienced with our waiter service and assure you that we will take considerable steps very shortly to resolve this issue. Late serving, display of rude behavior, and not accepting the mistakes are some of the main issues related to the waiter staff that we definitely need to sort out in order to maintain our image as a leading bistro of San Diego. To improve the service of our waiter staff, we are moving towards a proper solution. The solution is to fire all those waiters out of their jobs who show indecent behavior with the guests. We cannot tolerate such incidents anymore because to remain alive in this tough competition of bistros here in San Diego, we must improve our customer service at any cost. To help us in this, from now on you will simply need to fill a service experience form and put it in the box attached right next to your table. The form will help us know how pleased the guests are with the waiters. We will give warning to uncooperative waiters and if do not show improvement in their behaviors, they will be fired from their jobs and fresh and well-mannered candidates will be given the opportunity to work with us.In the end, I would like to thank you for being a regular customer of our bistro. I apologize again for the objectionable experience and assure you that we will take immediate steps to resolve this issue. Our business is all about providin g memorable and pleasant dining experience to our customers. We will definitely make sure that such incidents never occur again with any of our precious guests.Sincerely,SFSU ID#

Amelia Earhart and Sally Ride essays

Amelia Earhart and Sally Ride essays Amelia Earhart and Sally Ride each achieved major goals in fields that were traditionally reserved for men. Amelia Earhart became the first woman in history to make a solo transcontinental flight in 1928 and Sally Ride became the first woman in space in 1983. After achieving these goals, they each spoke to girls and women. They encouraged them not to feel restricted by what society expected of them as women. Amelia Mary Earhart was born on July 24, 1897, in Atchison, Kansas. Her parents' names were Edwin and Amy and she had a sister named Muriel. Amelia was a tomboy when she was young. She loved playing outdoors. She was also interested in stories of women who combined marriage and career, which was a rare occurrence at that time. During World War One, at the age of 20, Amelia served in a Voluntary Aid Detachment. She loved flying, but wartime restrictions prevented her from going up in the air. Amelia knew that her goal in life was to become a pilot. She chose a woman, Neta Snook, to teach her to fly. Amelia felt that she would be less self-conscious learning from a woman. She bought her own plane. In 1928, Amelia rode on a transcontinental airplane flight. The flight made her the first woman to cross the Atlantic Ocean by air. In 1931, Amelia married George Palmer Putnam. He was a publisher who promoted Amelia's flights. Amelia became the first woman to fly across the Atlantic Ocean on her own in 1932. The transatlantic flight marked the high point in Amelia's accomplishments because it was a great step forward for women. Margaret Dreier Robins of the Women's Trade Union League said, "Is it not in us in America to think that if one of us does something we can do it also?". From 1928 to 1937, Amelia promoted aviation to women. She believed that women could play an important role in the promotion of flying, and if they were uncooperative they could hold back its promising future. Although she had already set records i...

St. Matthew's Feast Essay Example | Topics and Well Written Essays - 500 words

St. Matthew's Feast - Essay Example St. Matthew's Feast is September 21st. He is the patron saint of accountants and tax collectors. St. Matthew's symbols are the sword, for his martyrdom, and the money bag, as he used to work as a tax collector ("Biography of St. Matthew"). Levi (Matthew) was born in the 1st century. His birth place is Palestine ("St. Matthew Biography. Evangelist, Saint"). He was raised in the city called Capernaum. St. Matthew's nationality is Jew, he was born and raised as he was. His father's name was Alphaeus. Matthew obtained a wide knowledge of languages; apart from Hebrew, he knew also Aramaic and Greek ("Biography of St. Matthew"). It was useful for his apostolic activity. His missionary movement was at initially limited to the Palestine's society. Nothing clear is known about his further life. Traditionally Ethiopia is indicated as his field of work. Other views add Parthia and Persia. There are contradicting views on his death: some point on his natural death but mainly martyrdom is noted: â€Å"Roman martyrology, the official record of saints for the Roman Catholic Church, holds that Matthew was martyred 'in Ethiopia',† ("Biography of St. Matthew"). Another sources are not so sure about the proofs of it. St. Matthew's Gospel was composed to fill a painfully felt need for his kindred compatriots, both devotees and unbelievers. It served as a token of his view and as a consolation in the trial to come, particularly the risk of falling back to Judaism. This goal is higher, probably any religion intends to focus people.

Lead like Jesus Essay Example | Topics and Well Written Essays - 250 words

Lead like Jesus - Essay Example It is a journey of patience, perseverance, and dedication. Leaders must be able to activate change in behavior which was achieved by Jesus in his disciple. Transformational leadership involves influencing the behavior of others and ensuring that they achieve greatness or objectives they need to achieve. The actions of Jesus reveal servant leadership that involves doing what he wants the follower to undertake (Blanchard and Hodges 6). Change in behavior is an action of motivation and the development of personal drive which influence personality development. The leadership depicted by Jesus covered all aspects of effective leadership including motivation, guidance, and the setting a role model for the mentors to follow and achieve success. In the talks and teaching of Jesus, the followers learnt of his objective, mission and role in the world and depicting to the learners the main reasons for the change. In spite of the challenges, role model leadership depicted by Jesus surpassed the current leadership strategies because of the involvement in the activities directly (Blanchard and Hodges 6). Therefore, the leadership of Jesus influenced the followers and enabled them to develop and become effective leaders as depicted in the

Scarlet Letter Essay Example for Free

Scarlet Letter Essay The Scarlet Letter There are many forms to degrade a person, some are deep wounds that can leave an imprint forever, and some go through one ear and out the other. There have been many occasions where ones life is played upon, where the only solution is death. But there are two of those imprints I want to focus on; revenge and hatred and how these two abhorrent features can destroy a person physically and spiritually. Revenge is defined as to inflict punishment in return for injury or insult. In Nathaniel Hawthornes novel, The Scarlet Letter, we find that two characters exemplify this theme. Roger Chillingworth and Reverend Arthur Dimmesdale have an extensive conflict that portrays an example for us. The clergymans shy and sensitive reserve had balked this scheme. Roger Chillingworth, however, was inclined to be hardly, if at all, less satisfied with the aspects of affairs, which Providence- using the avenger and his victim for its own purposes, and, perchance, pardoning where it seemed most to punish- had substituted for is black devices. In this quote from the book, it states that Roger Chillingworth, being the doctor of Dimmesdale, will use his medications against him. Chillingworth suspects of Dimmesdale committing a great sin that involves his wife Hester Prynne. Calm, gentle, passionless, as he appeared, there was yet, we fear, a quiet depth of malice, hitherto latent, but active now, in this unfortunate old man, which led him to imagine a more intimate revenge than any mortal had even wreaked upon an enemy. To make himself the one trusted friend, to whom should be confided all the fear, the remorse, the agony, the ineffectual repentance, the backward rush of sinful thoughts, expelled in vain! Chillingworth is taking advantage of being Dimmesdale so called friend, so he gets him to confess this reat sin that he is being suspected upon. He will be asking questions that will provoke Dimmesdale or rather make him think in such a way that he will express it physically. The reason why Dimmesdale seems to be sick is because of the secret sin he keeps inside, its destroying him. Making him weak, pale, rather old, and putting him in a position where he believes that medicine will cure it. Dimmesdale being the preacher of the town will have a great spiritual agony that will haunt him through this life and the next, making this the spiritual sickness that will not leave unless he confesses. And the cause of this all would be Chillingworth. Hatred can destroy victim or attacker, being an intense dislike, extreme aversion or hostility. All of these aspects, Chillingworth was putting upon Dimmesdale, slowly making him pay for the sin. In a word, old Roger Chillingworth was a striking evidence of a mans faculty of transforming himself into a devil, if he will only, for a reasonable space of time, undertake a devils office. He was going through stages of hatred that transformed him into something that he didnt foresee. Chillingworth was turning into a devil within a blink of an eye. Hester said to Chillingworth while talking to him about Dimmesdale, Since that day, no man is so near him as you. You tread behind his every footstep. You are beside him, sleeping and waking. You search his thoughts. You burrow and rankle in his heart! Your clutch is on his life, and you cause him to Chillingworth is like a dark shadow haunting Dimmesdale every mille-second of the day, and Dimmesdale not knowing what Chillingworths real intensions are. In this case, hatred was destroying both Chillingworth and Dimmesdale, one turning into a devil and the other being tortured and pressured. With this I come to a conclusion that revenge, hatred, and a person, dont mix well. Just like oil and water. Think about having the conscience follow you throughout your life, that with a simple act of these implements you completely destroyed a person into pieces. It degrades him or her, self-esteem drops down to a low level, but most importantly you can put that person into a place where death is the only answer to escape. A rattlesnake, if cornered will become so angry it will bite itself. That is exactly what the harboring of hate and resentment against others is a biting of oneself. We think we are harming others in holding these spites and hates, but the deeper harm is to ourselves. †E. Stanley Jones

Disability as Power in the Works of Mary Duffy, Frida Kahlo, and Vassar

What do you do without either of your arms? What do you do for a living constrained to a wheelchair? What do you do without control over your own body? Many people in the world today spend their lives wishing things were not as they were, attempting to forget how they are, or trying to change how they are going to be. When "disabled" people succeed, it is commonly thought that those individuals are amazing for overcoming their disabilities and thriving in life. Is this really what they are doing? The following three women, Mary Duffy, Frieda Kahlo, and Vassar Miller transform their disabilities into the ability to create complex forms of art that force the audience to gain a different perspective on disabilities. Their disabilities become their power. The artists use this power to force their audiences to look at their disabilities in an utterly new way using the "stare and tell" method. These women do not succeed despite their disabilities, but instead succeed because of them . The "stare and tell" is a term that Rosemarie Garland Thomson, a disability studies scholar and writer, has created to explain a method in performance art that forces the audience to look at disabilities in an entirely new light. She states "As a fusion of both seeing and telling, disability performance art foregrounds the body as an object both to be viewed and to be explained." The artist first beckons the audiences to break the social "normative" and forces the audience to stare at the artist?s disability. Once the attention of the audience is solely on the artist and his or her disability, the method then takes on the "tell" aspect and enables the audience to become aware of what exactly the artist has to say in his or her own words. Mary Duff... ...ly amazing affects she had on her audience. Although she died in 1998 at the age of seventy-four, her poetry is still gaining fame and affecting people across the United States. Often, many people do not know of such individuals. If one has heard of them is it most likely in the category of amazing individuals who are able to overcome life?s most challenging obstacles and succeed in ways never imagined. This is just not so. These women do not succeed in spite of their disabilities, but instead succeed because of them. Mary Duffy, Vassar Miller, and Freida Kahlo have all forced their audiences to visually give attention to their disability and thus have challenged societies stereotypical assumptions, whether on stage, in writing, or on a canvas. Their endeavors are summarized in the words of Frieda Kahlo, "Feet, what do I need them for, if I have wings to fly?"

Current & Non Current Assets

INVENTORY – PERIODIC INVENTORY SYSTEM In a Periodic Inventory System, no effort is made to keep up – to – date records of either the inventory or the cost of goods sold. Instead, these amounts are determined only periodically __ usually at the end of each year. It is used by very small businesses having manual accounting systems. Questions 1 – 3 (Meigns & Meigns), Question 4 (Fess & Warren) Question 1:- Mach IV Audio uses periodic inventory system. One of the store’s most popular products is a minidisc car stereo system. The inventory quantities, purchases, and sales of this product for the most recent year are as follows: Number of units| Cost per unit| Total Cost| Inventory – Jan 01| 10| Rs. 299| Rs. 2990| Purchases – May 12| 15| 306| 4590| Purchases – July 09| 20| 308| 6160| Purchases – Oct 04| 8| 315| 2520| Purchases – Dec – 18| 19| 320| 6080| Goods available for sale| 72| | Rs. 22340| Units sold during the year| 51| | | Inventory| 21| | | Instructions: Compute the cost of December 31 inventory and the cost of goods sold for the above mentioned product under each of the following cost flow assumptions: a.First-in, first-out b. Last-in, first-out c. Average cost (round to the nearest rupee, except unit cost) Question 2: – Same three inventory valuation methods under periodic inventory system | Number of units| Cost per unit| Total Cost| Inventory – Jan 01| 9| Rs. 3. 00| Rs. 27. 00| Purchases 1| 12| 3. 50| 42. 00| Purchases 2| 30| 3. 80| 114. 00| Purchases 3| 40| 4. 00| 160. 00| Purchases 4| 19| 5. 00| 95. 00| Goods available for sale| 110| | Rs. 438. 00| Units sold during the year| | | | Inventory – Dec 31| 20| | |Question 3: – Same three inventory valuation methods under periodic inventory system | Number of units| Cost per unit| Total Cost| Beginning Inventory | 10| Rs. 80| Rs. 800| First Purchases (Mar. 1)| 5| 90| 450| Second Purchases (July 1) | 5| 10 0| 500| Third Purchases (Oct. 1) | 5| 120| 600| Fourth Purchases (Dec. 1) | 5| 130| 650| Goods available for sale| 30| | Rs. 3,000| Units in ending inventory| 12| | | Units sold| 18| | | Question 4: – Stewart Co. ’s beginning inventory and purchases during the fiscal year ended March 31, 2012, were as follows: | | Units| Unit Cost Rs. Total Cost Rs. | April 01, 2011| Inventory| 1,000| 50. 00| 50,000| April 10, 2011| Purchases| 1,200| 52. 50| 63,000| May 30, 2011| Purchases| 800| 55. 00| 44,000| Aug 26, 2011| Purchases| 2,000| 56. 00| 112,000| Oct. 15, 2011| Purchases| 1,500| 57. 00| 85,500| Dec. 31, 2011| Purchases| 700| 58. 00| 40,600| Jan. 18, 2012| Purchases| 1,350| 60. 00| 81,000| March 21, 2012| Purchases| 450| 62. 00| 27,900| Total| | 9,000| | 504,000| Stewart Co. uses the periodic inventory system, and there are 3,200 units of inventory on March 31, 2012.Determine the cost of ending inventory using the three costing methods. Practice Question (Fees & Warren) Exe r. 10-3 Page 366| Exer. 10-4 Page 366| Prob. 10-3A Pg. 369| Prob. 10-3B Pg 374| INVENTORY – PERPETUAL INVENTORY SYSTEM In a Perpetual Inventory system, merchandising transactions are recorded immediately as they occur. The system draws its name from the fact that the accounting records are kept perpetually up – to – date. This system is very easy to use. It is cost effective, & thus widely used because of the growing use of computerized accounting.Question 1: – World Class Grocery Wholesalers performed the following transactions, all on credit, and all related to a particular chocolate bar. July 01 Beginning Inventory 23 units of Rs. 4 each. July 02 Purchased 57 units of Rs. 5 each. 12 Purchased 51 units of Rs. 8 each. 13 Sold 60 units for Rs. 12 each. 18 Sold 20 units for Rs. 12 each. 22 Purchased 26 units of Rs. 9 each. 26 Sold 18 packs for Rs. 15 each. Instructions for Questions 1, 2 & 3: – a) Prepare the Inventory Subsidiary Ledger and, b) Give the journal entries to record the Purchases, the Cost Goods Sold and the Sales assuming that the wholesalers uses . First-in, First-out Method (FIFO) 2. Last-in, First-out Method (LIFO) 3. Average Cost Method Question 2: – Sohail Books deals with school books. This question is related to Credit purchases and sales of Urdu Qaida for class 1. March 04 Purchased 100 copies for Rs. 12 each. 11 Sold 35 copies for Rs. 17. 18 Purchased 80 copies for Rs. 13 each. 19 Sold 40 copies for Rs. 19 each. 27 Sold 41 copies for Rs. 20 each. Question 3: – Noman Company Inventory & Sales Data Month Ended January 31, 2010 Date| Description| Units| Unit Cost Rs. | Date| Des| Units | Unit Cost Rs. Jan 01 12 15 18 | Beg. InventoryPurchasesSalesPurchases | 50 100 50 200 | 1. 00 1. 50 2. 00 | Jan 20 22 27 30| PurchasesSalesPurchasesSales| 100150 50 80| 2. 50 4. 00| Practice Question (Fees & Warren) Exer. 10-5 Page 366| Exer. 10. 6 Page 366| Prob. 10-4A Pg. 369| Prob. 10-4B Pg 374| Practice Qu estion (Meigs & Meigs – 13th Edition) Exer. 8. 2 Page 351| Prob. 8. 1 Page 356| Prob. 8. 2 Page 356| _____________________________ Perpetual Inventory SystemInventory Subsidiary Ledger ( ) Date| Purchased| Sold| Balance| | Units| UnitCost Rs. | TotalCostRs. | Units| Unit CostRs. | TotalCostRs. | Units| UnitCostRs. | TotalCostRs. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 6 (Photocopies) of this page, if you don’t want to make this format 6 times in your register SUMMARY OF THE JOURNAL ENTRIES MADE IN PERPETUAL AND PERIODIC INVENTORY SYSTEM Event| Perpetual Inv. System| Periodic Inv.System| Purchasing inventory| Inventory Accounts Payable (or Cash)To record the purchase of inventory| Purchases Accounts Payable (or Cash)To record the purchase of inventory| Sale of Inventory| Accounts Receivable (or Cash) SalesTo record the sale of inventoryCost of Goods Sold InventoryTo upd ate Cost of Goods sold and inventory accounts| Accounts Receivable (or Cash) SalesTo record the sale of inventory(In the periodic inventory system, no entry is made at the time of sales to update Cost of Goods sold and inventory accounts. | Settlement of A/Payable to suppliers| Accounts Payable CashTo record payment for inventory purchased on credit| Accounts Payable CashTo record payment for inventory purchased on credit| Collection from credit customers| Cash Accounts ReceivableTo record cash collection from credit customers. | Cash Accounts ReceivableTo record cash collection from credit customers. | Income Statement of a Service Business: – Revenue – Expenses = Net Income Income Statement of a Merchandising Business Delta TradersIncome Statement For the year ended December 31, 2011 Sales Rs. 6, 000 Less: Sales Returns 1, 000 Net Sales 5, 000 Less: Cost of Goods Sold 1, 150 Gross Profit 3, 850 Less: Operating Expenses Salaries Expense Rs. 00 Utility Expense 100 Depr eciation Expense – machine 50 650 Net Income 3, 200 HOW TO CALCULATE COST OF GOODS SOLD Inventory – Jan 01 ————————-Add: Purchases ———————— Carriage Inwards —————-Less: Purchases Returns —————- Purchases Discount —————- Net Purchases ———————Cost of goods available for sale ——–Less: Inventory – Dec 31Cost of Goods Sold| 55050| Rs. 00 (100)(50)| Rs. 10004501450(300)1150| Questions 1 & 2 The data of two questions is given below. Prepare a Trading Account for the year ended Dec 31 Sales| Rs. 10, 600| | Sales| Rs. 210, 420| Sales Returns| 1, 200| | Sales Returns| 4, 900| Inventory – Jan 01| 5, 000| | Inventory – Jan 01| 9, 410| Purchases| 3, 500| | Purchases| 108, 680| Ca rriage Inwards| 500| | Carriage Inwards| 840| Purchases Returns| 400| | Purchases Returns| 3, 020| Purchases Discount| 200| | Purchases Discount| 700|Inventory – Dec 31| 2, 500| | Inventory – Dec 31| 11, 290| FORMATS OF FINANCIAL STATEMENTS Delta Traders Income Statement For the year ended December 31, 2011 | Rs. | Rs. | Rs. | Sales | | 6, 000| | Less: Sales Returns | 700| | | Sales Discount| 300| 1, 000| | Net Sales | | | 5, 000| LESS : COST OF GOODS SOLD| | | | Inventory – Jan 01| | 1, 000| |Add: Purchases| 550| | | Carriage Inwards| 50| | | | 600| | | Less: Purchases Returns| (100)| | | Purchases Discount| (50)| | | Net Purchases| | 450| | Cost of goods available for sale| | 1, 450| | Less: Inventory – Dec 31| | (300)| 1, 150| Gross Profit| | | 3, 850| Less : Operating Expenses| | | | Salaries Expense| | 500| | Utilities Expense| | 100| | Depreciation Expense – machine| | 50| 650| Net Profit| | | 3, 200| | | | | | Delta Traders Statement of Fina ncial Position December 31, 2011AssetsCurrent Assets Cash ————————– Accounts Receivable ————- Repair Revenue Receivable ——- Inventory ————————- Supplies ————————- Prepaid Insurance —————- Total Current Assets ———–Plant Assets Land ——————————— Shop ——————————— Less: Accumulated Depreciation Machine ————————–Less: Accumulated Depreciation Total Plant Assets ————-TOTAL ASSETS ——————Liabilities & Owner’s EquityLiabilities A ccounts Payable —————- Unearned Repair Revenue ——- Total Liabilities —————Owner’s Equity Capital (Dec 31, 2011) ———— TOTAL LIABILITIES & OWNER’S EQUITY ——- | Rs. ——————————————————————————————————– ————— 5,000 2,700 3,000 1,400———————————————————————————————————| Rs. 3,700 1,000 800 300 500 1,300————- 1 0,000 2,300 1,600————————–3,2004,440 ————————————| Rs. 7, 60013,90021,500 7,640 13,860 21,500| Question 1:- The following trial balance was extracted from the books of F. Bell on December 31, 2011. Draw up his Income Statement for the year ended December 31, 2011, and a Balance Sheet as at that date Debit Rs. | Credit Rs. | Sales| | 210, 420| Purchases| 108, 680| | Inventory: Jan 1, 2011| 9, 410| | Carriage Outwards| 1, 115| | Carriage Inwards| 840| | Return Inwards| 4, 900| | Return Outwards| | 3, 720| Salaries & Wages Expense| 41, 800| | Fuel Expense| 912| | Rent Expense| 6, 800| | General Expenses| 318| | Motor Vehicle| 14, 400| | Allowance for Depreciation – motor vehicle| | 520| Fixtures & Fittings| 912| | Accounts Receivable| 23, 200| | Accounts Payable| | 13, 580| Cash| 24, 780| | Drawings| 9, 000| | Capital| | 18, 827| | 24 7, 067| 247, 067| Inventory at December 31, 2011 was Rs. 11, 290 NON – CURRENT ASSETS 1. TANGIBLE ASSETSPlant assets / Property, Plant & Equipment / Fixed Assets / Non Current Assets FIRST STAGE: – AQUISATION OF PLANT ASSETS Question 1: – Wilmet College recently purchased new computing equipment for its library. The following information refers to the purchase and installation of this equipment: 1. The list price of the equipment was $275, 000; however, Wilmet College qualified for an education discount of 25, 000. 2. Wilmet paid sales tax of $15, 000 at the date of purchase. 3. Freight charges for delivery of the equipment totaled $1, 000. 4. Installation costs related to the equipment amounted to $5, 000. 5. During installation, one of the computer terminals was accidentally damaged by a library employee. It cost the college $300 to repair this damage. 6.As soon as the computers were installed, the college paid $4, 000 to print admission brochures, featuring t he library’s new, state-of-the-art computing facilities. Instructions: – a. Compute the total cost debited to the college’s Computing Equipment account. b. Prepare a journal entry at the end of the current year to record depreciation on the computing equipment. Wilmet College will depreciate this equipment by the straight line method (half-year convention) over an estimated useful life of 5 years. Assume a zero residual value. (Meigs & Meigs – Problem 9. 1 / Page 402 For Practice: – Fees & Warren – Exercise 11-1 / Page 404 SECOND STAGE: – DEPRECIATION OF PLANT ASSETSQuestion 2: – On January 2, 2005, Jansing Corporation acquired a new machine with an estimated useful life of 5 years. The cost of the machine was $40, 000 with an estimated residual value of $5, 000. The depreciation rate per year is 40 %. a. Prepare a complete depreciation table under the two depreciation methods listed below. Assume that a full year of depreciati on was taken in 2005. 1. Straight-line 2. Declining balance method (Depreciation Rate per year is 40 %) (Meigs & Meigs – Exercise 9. 4 / Page 400) Question 3: – On August 3, 2000, Srini Construction purchased special-purpose equipment at a cost of $1, 000,000.The useful life of the equipment was estimated to be 4 years, with a residual value of $50, 000. The depreciation rate is 50 % per year & half year convention is to be used. a. Compute the depreciation expense to be recognized each calendar year for financial reporting purpose under the straight-line depreciation method. b. Compute the depreciation expense to be recognized each calendar year for financial reporting purpose under the declining balance method with the per year depreciation rate of 50 % (Meigs & Meigs – Exercise 9. 3 / Page 400) For Practice: – Fees & Warren – Exercises 11-5, 11-6 & 11-7 / Page 405 Meigs & Meigs – Problems 9. 2 & 9. 3THIRD STAGE: – DISPOSAL OF PLANT ASSETS Question 4: – During the current year, Ramirez Developers disposed of plant assets in the following transactions: Feb 10Office equipment costing Rs. 26, 000 was given to a scrap dealer at no charge. At the date of disposal, accumulated depreciation on the equipment amounted to Rs. 25, 800. Apr 01Ramirez sold land and a building to Claypool Associates for Rs. 900, 000, receiving Rs. 100, 000 cash and a five year, 9 percent note receivable for the remaining balance. Ramirez records showed the following records: Land Rs. 50, 000; Building, Rs. 550, 000; accumulated depreciation: Building (at the date of disposal), Rs. 250, 000.Aug 15 Ramirez traded-in an old truck with a new one. The old truck had costRs. 26, 000, and its accumulated depreciation amounted to Rs. 18, 000. The list price of the new truck was Rs. 39, 000, but Ramirez received a Rs. 10, 000trade-in allowance for the old truck and paid Rs. 29, 000 in cash. Ramirez includes trucks in its Vehicle account. Oct 0 1Ramirez traded in its old computer system as part of the purchase of a new system. The old system had cost Rs. 15, 000, and its accumulated depreciation amounted to Rs. 11, 000. The new computer’s list price was Rs. 8, 000. Ramirez accepted a trade-in allowance of Rs. 500 for the old computer system, paying Rs. , 500 down in cash, and issuing a 1-year, 8 percent note payable for the Rs. 6, 000 balance owed. Instructions: – Prepare journal entries to record each of the disposal transactions. (Meigs & Meigs – Problem 9. 4 / Pg 404) For Practice: – Fees & Warren – Ex. 11-12 & Ex. 11-13 Question 5: – On January 5, 2005, a machine was bought by J & P Traders at a list price of Rs. 43,000. The cost of its carriage in was Rs. 800, installation and testing charges were Rs. 4,200 Its estimated useful life is 4 years and its estimated residual value is Rs. 2, 000. Instructions: a. Calculate the cost price of the machine and give a proper journal entr y of the acquisition of the tangible asset. b.Calculate the per year depreciation expense using the straight line method. c. Prepare the depreciation schedule for all the four years. d. Give the adjusting entries to record depreciation for the last useful year. e. After its useful life, the machine was traded-in for a new machine. The new machine’s list price was Rs. 58, 000. J & P Traders accepted a trade-in allowance of Rs. 3, 000 for the old machine, paying Rs. 9, 000 down in cash, and issuing a 1-year, 8 percent note payable for the Rs. 46, 000 balance owed. 2. INTANGIBLE ASSETS Similarities between Tangible and Intangible assets 1. Plant Assets 2. Long Lived 3. Recorded at cost 4. Cost is expensed over useful life in a systematic manner.For Intangible assets, Straight line method over 40 years is followed. 5. At disposal, the book value is eliminated, gain / loss is recorded. Differences S. No| TANGIBLE ASSETS| INTANGIBLE ASSETS| 1. | Has physical existence| Has no physi cal existence| 2. | Term â€Å"Depreciation† is used. | Term â€Å"Amortization† is used. | 3. | Cost Price = list price + all other necessary expenses. | Cost Price = Purchase Price only| 4. | Depreciation period depends upon the estimated useful life. | Amortization period cannot be longer than 40 years. | 5. | Depreciation Expense-equip Accumulated Depreciation-Equip| Amortization Expense Patent|Intangible Assets are rights and privileges that result from the ownership of long lived assets that don’t possess physical substance. 1. GOODWILL * Largest Intangible asset on company’s balance sheet under the head of Intangible assets. * Recorded when transaction involves purchase of entire business. Here goodwill is the excess of cost over fair market value of net assets. (assets less liabilities) acquired. * Value of all favorable attributes that relates to a business. Includes 1. Exceptional management 2. Desirable location 3. Good customers relations 4. S killed employees 5. High quality products 6. Manufacturing efficiency 7. Weak Competition 2. PATENTS A right by the government to manufacture, use and sale of a product. * To encourage invention of a new product. * When patent is purchased from the inventor, purchase price is debited by the account title of Patents. * Are granted for 17 years (legal life). * Obsolesce may cause patent to be economically ineffective. 3. TRADE MARK / TRADE NAME * Name, symbol or distinctive design that identifies a business and a product. * Permanent exclusive right to use a trademark, brand name, commercial symbol. Is obtained by registering it with the government. * For a purchased trademark, cost is substantial and amortized over 40 years. * Is renewable. 4. FRANCHISE It is the right granted by the company to conduct a certain type of business in a specific geographical area. * Cost is quite substantial * Small cost – Amortized over a short period of 5 years. * Material cost – 40 year s. Amortization should be based on the life of the franchise. 5. COPYRIGHTS * Exclusive rights granted by the government to protect the production and sale of literary or artistic material for the life of the creator plus 50 years. NATURAL RESOURCES Examples: – Oil & Gas Reserves, gold, copper, coal mines, timber (forests), etc. As long as this asset is present in its natural environment, it is regarded as Property, Plant & Equipment.Once it is removed from its natural environment, it becomes inventory, i. e. a current asset. Question 1: – Rainbow Minerals paid Rs. 45, 000, 000 (Rs. 45 million) to acquire the Super Coal Mine, which is believed to contain 10 million tons of coal. The residual value of the mine after all of the coal is removed is estimated to be Rs. 5 million. Working: – Cost – Estimated Residual Value = Depletion Expense per ton Estimated Production In tons 45 million – 5 million = Rs. 4 Depletion Expense per ton 10 million Suppose in the first year, 2 million tons of coal was mined, the entry to record depletion would be 2010Debit (Rs) Credit (Rs) Dec 31 Inventory 8, 000, 000 Accumulated Depletion: Super Coal Mine 8, 000, 000 To record depletion of the Super Coal Mine for the year. (2, 000, 000 tons mined @ Rs. 4 per ton) Balance Sheet (extract) of Rainbow Mineral Property, Plant & Equipment Mining Properties: Super Coal Mine Rs. 45, 000, 000 Less: Accumulated Depletion 8, 000, 000 Rs. 37, 000, 000 (Meigs & Meigs, Page 389) Out of 2 million tons, 75, 000 tons of coal was sold. Record the Cost of Goods Sold.Cost of Goods Sold 300, 000 Inventory 300, 000 To record the cost of goods sold Question 2: – Salter Mining Company purchased the Northern Tier Mine for Rs. 21 million cash. The mine was estimated to contain 2. 5 million tons of copper and to have a residual value of Rs. 1 million. During the first year of mining operations at the Northern Tier Mine, 50, 000 tons of copper were mined of which 40, 00 0 tons were sold. Instructions: – a. Compute depletion expense per ton. Prepare a journal entry to record depletion during the year. b. Show how the Northern Tier Mine, and its

Will Project Creep Cost You Or Create Value

Mediators scope adjustments to accommodate new realities or incorporate new capabilities can pay off, but only when they're done very intentionally and with a hard-nosed insistence on demonstrating up front where the money is going to come from. Such vigilance doesn't just happen, which is why for every story like Infant's, there's probably three or four that speak to the dangers of creep. Need an example? Think of the Big Dig, the highway project to put Boson's central artery underground, in which scope changes were all too casually agreed to when they were noticed at all.Construction for this project began in 1991 and was supposed to take 10 years and cost $4. 9 billion. Current projections suggest that more realistic figures are, at minimum, 14 years and $14. 6 billion. You treat every project as utterly unique, none of the learning from one project to another-?which essentially has to do with recognizing patterns-?transfers over,† says Steven Wheelwright, a professor and se nior associate dean at Harvard Business School (HOBS) whose research focuses on product and process development.And just what is this relevant learning Wheelwright is referring to? Conversations with project managers who have a track record of success underscore the importance of adopting, in the initial planning phase, key frameworks, rules, and structures to ensure: ; The right people have defined the project's scope. ; The project's boundaries have been sharply delineated. ; The impact of potential alterations or slippage can be quickly calculated.In the implementation phase, the challenge is to organize the work so as to minimize the inherent uncertainties. Whether you're the manager or the executive sponsor of any major project, a solid methodology that's sensitive to creep can make it easier for you to decide, in the moment, which project add-ions to say yes to and which to pass on. The planning phase A surprising number of projects get under way without a thorough attempt to define their parameters, specs, and performance characteristics.Haste is the chief culprit here, says Dave Nonfat, who brings 40 years of industry project management experience to his role as Enron operations adviser at HOBS and project manager for the renovation of one of the school's main classroom buildings. â€Å"There's a minimum lead time that all projects require,† says Nonfat, and it's the responsibility of the project's manager to know what that lead time is and to ensure that it not squeezed. Here are the key tasks of the planning phase: Differentiate scope from purpose.As you define the parameters of a project, its critical to separate its scope from its purpose. â€Å"A project's purpose is the general benefit it will provide to the organization,† explains Alex Walton, a Winter Park, AAA. Based project con- Copyright C 2005 by Harvard Business School Publishing Corporation. All rights reserved. 3 Project Creep (continued) sultan who's worked with computer, aerospace, financial, and medical/nutritional companies. â€Å"Its scope comprises the particular elements (or product attributes) that the project team can control and has agreed to deliver. For example, a project's purpose may be to create a new food item that will increase sales by $20 million. But the team developing the product needs to know what features the product must have and what the budget for producing the product will be. This is the information that a three- to four-sentence document known as a scope statement provides; it spells out how the team intends to achieve success and, thus, the criteria on which it will be evaluated. Involve key stakeholders.Make sure that you have the right people defining the project's scope. â€Å"If you don't have all the affected stakeholders and sponsors at the table, either you won't get an accurate identification of the critical dependencies and functionalities or you won't have the people who can ensure that the project hews to th ose critical dependencies and functionalities,† says Brian Dobby, a Enron project manager for Meddles, a Mason, Ohio-based subsidiary of Custodianship's, who oversees the installation of electronics systems in health care facilities.For this reason, it's crucial to include â€Å"the end users perspective and needs when you're scoping out the functionality that's required,† says Wheelwright. In the renovation of Baker Library at HOBS, for example, project planners solicited faculty members' input about the prototypes of the new office spaces that were being designed for them. Plan in the aggregate. Getting the right people involved in defining the scope ND devoting sufficient time to the project planning phase aren't enough to ensure that the project has clear boundaries, however. Organizations also need to do aggregate project planning,† says Wheelwright, â€Å"in which they develop a strategy that lays out a pattern and rhythm for when subsequent projects will o ccur. † This is especially important for new product development. Without such a schedule for future projects, a product engineer with a new idea can grow concerned that it will never be implemented; as a result, there's a strong temptation for the engineer to try to slip that idea into the product that's currently in placement-?regardless of its impact on the cost and schedule.The analysis of prior projects serves as a valuable adjunct to aggregate planning. For example, study the past 1 0 internal IT projects your company has undertaken what patterns emerge? The findings can help you identify and better prepare for potential trouble spots in the IT projects that are on the docket for the coming years. Set the rules. One last piece Of work in the planning phase that can minimize the chances of project creep involves creating buffers or rules that make it difficult for significant hanged to occur without conscious discussion and approval. For instance: ; Set up a change contro l board.In highly structured project environments, such a group is responsible for â€Å"gathering information about the impact that a proposed change will have on the schedule, budget, or scope; voting on the proposed change; and then sending a request-for-change document on for the project sponsors' signature,† says Bob Tartan, a senior consultant who specializes in IT and telecommunications projects for Haverford, pa. -based PM Solutions. Thus, for an IT project affecting the sales, marketing, and logistics departments, the change intro board would comprise senior managers from each of these units.

How to Write an Essay on Philosophy of Life

How to Write an Essay on Philosophy of Life Philosophy of Life General guidelines for composing a philosophy essay on ‘Philosophy of Life’ How to start writing How to create an outline How to write a thesis for a philosophy essay on ‘Philosophy of Life’ How to write an introduction Tips on how to write an introduction and thesis How to write body paragraphs Tips on body writing How to conclude Tips on conclusion writing Paper revision Philosophy of Life (Essay sample) General guidelines for composing a philosophy essay on ‘Philosophy of Life’ The philosophy of life encompasses a general view of or an approach to life as well as the purpose of life. Philosophers explain life in different features that include how human naturally feel, think, and act. Also, one can explain that as anything that makes life meaningful such as creating a moral character and making achievements is essential for explaining the meaning of life. How to start writing The purpose of writing your essay on Philosophy of Life is for one to explore the life choices as well as directions that widens the chances of living an inspired life. Therefore, while starting the essay writing, the writer has to ensure that he/she has carefully read the relevant information relating to the topic. Also, since the writer wants to ensure that everything in the paper is relevant to the topic, one has to focus on the important elements of life and also ask yourself questions like, what guides the decisions and actions you take and how do you approach the way you live your life? How to create an outline Before the writer starts writing, one requires to have a plan for the essay; this includes organizing ones thoughts as well as the arguments. A good paper outline helps the writer to conduct research and write the paper efficiently. Therefore, one is required to thinks about how to explain various terms, the position to present your argument or criticism. For instance, a good outline contains introduction and thesis statement, major arguments as well as support for your main points and a conclusion. How to write a thesis for a philosophy essay on ‘Philosophy of Life’ While writing the essay, one is required to have the main point, main idea and the argument you develop to reflect your main idea. However, the sentences that hold the main idea are referred to a thesis statement. Thesis statement presents the topic of the essay and also explains to your reader about the main point of your paper. However, the writer should read the main sources, and figure out the main thesis points to create a working thesis. To develop an effective thesis, one should avoid placing thesis statement late in the paper, avoid unclear words and also clearly indicate the point of your paper. How to write an introduction The first impressions of a philosophical essay are very important because, without an eye-catching introduction, your writing will be flat. However, when writing the introduction, the writer should introduce the essay with a broad statement of what the reader should expect in ones essay. Also, one should provide significant background but not the main argument and persuade your reader that the paper is worth reading. Tips on how to write an introduction and thesis Developing a good introduction as well as thesis statement sometimes is the hardest part of an essay writing. Writing the beginning is ones chance to get your readers attention by expressing your creativity. However, the first paragraph should explain your topic and the originality of thesis statement. To develop an efficient introduction and thesis statement, one should first understand the main purpose of the introductory paragraph which includes understanding general information the writer requires to make the essay. Also, one requires utilizing strategies that attract your audiences attention for instance by sharing a personalized story. The writer should also understand the main purpose of thesis statement which creates a focus for ones paper. Furthermore, a thesis statement should be placed at the end of your introduction paragraph explaining the main idea of your essay. Finally, one should avoid using the common introductory method like, ‘In this paper, I will†¦.. How to write body paragraphs The body paragraphs present the writers main points and also contains ones textual argument and evidence. Every main point you stated in your outline becomes a body paragraph. However, the writer should correctly format the body paragraphs and have clear transitions. Tips on body writing To create efficient body paragraphs, one should start by pointing out the main ideas in form of sentences. Next, the writer should write down the elaboration of the main points which includes description and discussion. Also, the writer should present philosophical evidence to support the main idea. The body paragraphs should also contain transitions to help your reader get cues of your flow. Examples of transitional words are afterward, likewise, however, nearby and accordingly among others. Finally, the writer should avoid plagiarism. To explain this, one should present body paragraphs that are well paraphrased and quoted without copying many of your ideas from other sources. How to conclude Sometimes writing the conclusion can be hard because one feels that there is nothing left to say. The writer can conclude the essay with a brief summary that includes the main points of the paper. One can also leave a final impression on the reader by giving new suggestions. Tips on conclusion writing A good conclusion can be created by resonating the introduction. Challenging your readers. Looking forward to the future. Paper revision After completing your essay, as a writer, it is important to review and reread your word. This can be done by using grammar check to review your spelling and spacing before you turn in your work. Also, one should keep the papers format simple for instance, double spacing, justified left and use Times New Romans font. Finally, you can read your essay loud or give your peer to review your work before you submit. Philosophy of Life (Philosophy Essay Sample) A philosophy of life can be referred to the practical philosophy that helps people transform the image of their thoughts. Everyone views the world in different ways and have different beliefs of how other people should conduct themselves. Some people might consider honesty, tolerance, and loyalty to be the most vital aspects that reflect a good person, although the ability for oneself to be optimistic is the most significant trait. Moreover, a smile and sense of humor are also very important. However, I believe that being positive in life is always looking at the brighter side in a bad situation which is one of the keys to happiness. Therefore, a practical philosophy of life attempts to strengthen our relationship with day-to-day life. The purpose of this essay is to explain how philosophy contributes to everyones daily living. In day-to-day life, we live in our mind, and our existence brings the life to a physical reality. However, philosophy does not stay within our minds, but our beliefs and morals are passed from the mind to physical reality. This is the life we have, and no one owns his or her life, it just passes through our physical body. Sometimes, you can get a hold on some aspects of life, and pass them to someone else life and to do so, everyone has to pay much attention to life. Our minds control our taste of living where the philosophy for day-to-day life objects to try life in all its riches. This is one way of people trying to engage with life in a positive way, trying to bring ones thought and ideas into physical reality and converting ones dream to something perceptible. Having a positive thought about life does not mean imposing judgment on the past lived experience, but it means being transformed and seeing what is in your transformed into real life. A philosophy of daily life contributes to people taking life in different perspectives. This means that, if one has not tasted all the riches of life, he or she tends to adhere to various ideals or norms without the honor of your own perception and experience. This makes life become like an image or imitation of a convincing ideal. An imitation is a copy of something real, therefore, when life becomes an imitation, we lose its contact. For example, having new friends is very important, but, choosing right the one who will not stab your back is more important. However, the philosophy of our daily life helps us to overcome seductive beliefs and situations that its reality is unchangeable. The point of philosophy here is to our decisions concrete instead of abstract. One does not have to think or talk about anything if he or she does not think of the negativity or positivity of it. The philosophy of life varies depending on each persons life experience and therefore everyone has a different view of the world as well as different beliefs. Similarly, this applies in day-to-day life where it is through our self-awareness that we become more proficient to experience what hinders us from becoming something else. However, philosophy of life guides us to be real, not actual.

The Changing Faces of Present and Presentation

The Changing Faces of Present and Presentation The Changing Faces of Present and Presentation The Changing Faces of Present and Presentation By Maeve Maddox Present belongs to a group of English words that, with a shift in pronunciation, may be either noun or verb. present [prÄ•zÉ™nt] n. (accent on the first syllable) a gift present [prÄ ­-zÄ•nt] v. (accent on the second syllable) to introduce, to give an award In an article about the 2009 Academy Awards, I noticed a third use of present that may be in the process of entering the language: Best Present: Copresenters Steve Martin and Tina Fey, whove been funny together on TV and film, delivered a hilarious tribute to writers that made us want to see them make another movie together. Erik Pedersen, E! Online Here Pedersen is using present as a shortened form of presentation. In the way of the web, Pedersens words have been copied by numerous bloggers and it may only be a matter of time before we hear present [prÄ“zÄ•nt] for presentation the way we hear invite [Ä ­n-vÄ «t] in place of invitation. presentation [prÄ•zÉ™n-tÄ shÉ™n] n. the act of presenting A presentation can be a gift, or it can be something like a lecture or a slide presentation. Evidence that the cropped form present for presentation may have already caught on with some users appears in these headlines used to introduce slide shows on the web: OM slide Present SHN Membership Slide Present 2006 In looking for examples of this new, unlovely use of present, I came across a (to me) new use of presentation. When used on a wedding invitation, the expression presentation preferred, means forget the gifts, we want cash. This comment from a wedding forum shows that not eveyone is comfortable with this use of presentation: My soon-to-be mother in-law is really against presentation, but its our wedding, not hers ! I guess when we showed her the sample of the invite, she didnt notice the presentation on it. Ah, the accelerate of linguistic change! Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Vocabulary category, check our popular posts, or choose a related post below:What is the Difference Between "These" and "Those"?Capitalization Rules for Names of Historical Periods and MovementsCharles's Pen and Jesus' Name

A Briefer on The Right to Protest and Police Powers Assignment

A Briefer on The Right to Protest and Police Powers - Assignment Example The paper tells that pertinent legal provision that applies to the right to public protest is in Article 11 of the European Convention on Human Rights (ECHR), which states as follows: â€Å"Everyone has the right to freedom of peaceful assembly and to freedom of association with others, including the right to form and to join trade unions for the protection of his interests.† The second paragraph qualifies the scope of the freedom of peaceful assembly and the freedom of association, by laying down the limitations to this right and reiterating the power of agents of the state, such as the police and armed forces, to impose lawful restrictions. The restrictions to this right are as follows: (1) interests of national security or public safety, (2) for the prevention of disorder or crime, (3) for the protection of health or morals or for the protection of the rights and freedoms of others. Article 11 should be seen alongside the right guaranteed in Article 10 of the ECHR, on which is enshrined the right of â€Å"freedom of opinion† which â€Å"shall include freedom to hold opinions and to receive and impart information and ideas without interference by public authority and regardless of frontiers.† It is important to note that these provisions carry both a negative and positive obligation for the state: the negative obligation is the obligation not to interfere in the exercise of the right to peaceful assembly and freedom of opinion, and the positive obligation is to take positive measures towards the free and meaningful exercise of these rights. 3. The operative word in the provision would be the word â€Å"peaceful† and there has been some debate over whether or not a particular form of protest may

Analysis + Memo. Playa Dorada Case Study Example | Topics and Well Written Essays - 1250 words

Analysis + Memo. Playa Dorada - Case Study Example I hope that I will be able to highlight the potential feasibility, profitability and suitability of the proposed expansion, in such a way that enhances our investment returns. Welcome. Background To begin with, you are aware that the Playa Doranda Beach & Resort in Florida has been doing very well in setting up a residential center alongside highly esteemed hotels. The residents and guests in these two units are expected to reach maximal capacity soon, thus increasing the number of people using our facilities. Further, the usage of tennis facilities has been on the increase and is likely to push us above our current capacity in the next few months. Based on vocation and tourist arrivals, there is a likelihood that our tennis facilitates will soon be inadequate. Our marketers and strategic business planners have already guaranteed increased growth of tennis demand in the location. Considering that our 18-hole golf course and Olympic sized swimming pool were also essential future inves tments that are now legendary in returns, it is strategically logical to conclude that we now need to extend our tennis infrastructure. Between 2004 and 2007, our court usage increased from 18.4% (by 2,789) players, to reach 47.3% (by 32,816 players). This was a nearly 30% increase of tennis court usage within three years. This rate or growth predicts when our tennis facilities as they are now, will be inadequate. With that kind of growth rate, our tennis courts face maximal over use in less than five years from 2007. Proposal My proposal for the next financial year is to amend the current pricing structure, and make it more competitive. Our tennis facilitates are impeccable in quality and the best in these regions. As such, since we have and we will sustain a maximal demand among players and visitors, we can optimize our profitability by increasing our prices, and being more expensive in our tennis programs. Further, even with increased prices, our tennis facilities are likely to r egister extreme numbers of potential players, as we are now, if not more when occupation increases. As such, I propose that we need to increase our tennis facilities and infrastructure, by building new courts and extending those that are currently operational. This will continue to optimize our revenue generation, not only because of new facilities, but also with the increased pricing structure. It is a highly expensive investment proposal, but the potential optimal returns are as gigantic. Conclusion Building a hotel and residential infrastructure have been central to tradition, our history and the consequent success as was demonstrated by our lucrative villa sales a few years ago. In this understanding, investing in better facilities and preparing our company with an essential expansion of our tennis club is essential. That is my proposal, hoping to maximize on the future returns on our investment, within a market that is most likely going to grow extremely huge in the near future . Thank you. SWOT Analysis The SWOT matrix can be used to analyze the potential benefits of the proposed expansion. SWOT helps profile the Strengths, Weaknesses, Opportunities and Threats of a business proposal. This will help justify the essence of the proposal, based on strategic analysis of future market of tennis courts and tennis facilities. As such, the following is a brief SWOT analysis of the proposal: A) Strengths (Potential returns for the business proposal over possible alternatives). The expansion proposes the construction