Sunday, December 29, 2019
A Fragile Life Is A Story Of An African American Middle...
A fragile life is a story of an African American upper- middle-class family, who struggle with the metal illness, bipolar disorder, of their only child Mark. Mark id a graduate student of Germantown, Pennsylvania and holds a Master Degree from the University of Southern California. All the way up to college, his parents supported and gave Mark the best education to help them succeed in life. Regardless of all their efforts and good education, nothing could stop him from having psychotic episodes that will later on turn in to jail time. During early childhood Mark was a quiet child and enjoyed winter season, first years when on without any signs of mental distress but around two years old he began to have night terrors. Doctors explained his parents that this stage in normal and it should pass soon but around 5 years old he began to sleep walk forcing his parents to put inside the house security locks. Although he grew up during the oppression time, he didnââ¬â¢t face much discrimination with the exception of an incident when he as three years of age and admission was denied because of his race. Mark always show a high level of intelligence and sometimes was considered as disruption to the class as he will always answers the questions asked. Keep in mind that both of his parents were well-educated and professionally employed (compared to his classmates parents). Because of his behavior he was often sit in the corner quietly. His parents didnââ¬â¢t tolerate the teaches response toShow MoreRelatedThe Story Of An Hour By Kate Chopin1421 Words à |à 6 Pages Essay One ââ¬Å"The Story of an Hourâ⬠is arguably known as Kate Chopinââ¬â¢s best short story. Those who have read the story, can agree that Louise Mallard, receives tragic information of her husband, Brently Mallardââ¬â¢s death. Mrs. Mallard then accelerates through a sequence of emotional reactions of ââ¬Å"new spring lifeâ⬠and ââ¬Å"elixir of lifeâ⬠(476-477), but she receives another shock that her husband is actually alive. This shock is so devastating that it is fatal. Chopinââ¬â¢s depiction of open windows and springRead MoreIs Marriage For White People?1753 Words à |à 8 Pages A quote from a famous American author, Mark Twain says ââ¬Å"Love seems the swiftest but it is the slowest of all growths. No man or woman really knows what perfect love is until they have been married a quarter of a century.â⬠The definition of marriage varies with cultures and views. The most popular and idealistic notion is that itââ¬â¢s a result from the unconditional love of two people wanting to share it for the rest of their life, in a committed and long bonding way. For some, however, marriage isRead MoreIs Marriage For White People?2189 Words à |à 9 PagesMarriage for White People?â⬠A quote from a famous American author, Mark Twain says ââ¬Å"Love seems the swiftest but it is the slowest of all growths. No man or woman really knows what perfect love is until they have been married a quarter of a century.â⬠The definition of marriage varies with cultures and views. The most popular and idealistic notion is that itââ¬â¢s a result from the unconditional love of two people wanting to share it for the rest of their life, in a committed and long bonding way. For someRead MoreThe Twilight Saga Essay example1571 Words à |à 7 Pagesand Edward (the love of her life) is a vampire. Because Bella is human she faces many risks throughout the ââ¬Å"Twilight Sagaâ⬠. Vampires thirst for her blood and werewolves can easily lose control and injure her. Moreover, not only does Bella allow herself to be in a very dangerous position, she brings two sworn enemies closer than ever before. Both Jacob and Edward love Bella, but her heart is set on Edward who Jacob b elieves has no soul. In a majority of stories there is a hero and a heroineRead MoreThe Outsiders: Effects of Social Class1857 Words à |à 8 PagesSocial class describes the different layers that exist in society. These layers, or classes in society, are a division that civilization has been running on ever since the beginning of mankind. In most modern societies, our system of social class division is one of opportunity. We experience a good deal of social mobility, where people through generations or in their own lifetime can move up or down the social scale. By examining the many different perceptions of social class along with S.E.Read MoreThe Reception And Influence Of Rebecca Harding Davis2118 Words à |à 9 Pages Among the multitudes of upper class women in the nineteenth century, struggling with their own problems, few felt the need to speak out for others, especially the lower classes. However, Rebecca Harding Davis observed the suffering of all humanity and decided to give everyone a voice through her writings. Throughout her career, Davis wrote an innumerable amount of works advocating for equal rights among all people, right up until her death in 1910. The following paper will analyze and discuss theRead MoreThe Secret Of Getting Ahead Is Getting Started1713 Words à |à 7 PagesMark Twain Writing imposing stories on a boy by the name of Tom Sawyer, Huckleberry Finn and the mighty Mississippi River, Mark Twain ventured the American soul with intelligence, optimism, and a keen eye for the truth. He became nothing less than a national treasure (AE Television). Early Life Samuel Langhorne Clemens was born on November 30, 1835, in a minute village of Florida, Missouri, he was the sixth child of Jane and John Clemens. At age 4, the Clemens family moved to near town by the nameRead MoreHow Unwed Fathers Are Seen As A Leading Social Problem1691 Words à |à 7 Pagesneed to realize their responsibilities do not end with conception. The book summarizes these quotes as unwed fatherhood is one of the leading social problems, and these men are irresponsible and ââ¬Å"hit and run.â⬠A CBS special report, The Vanishing Family, was an interview of McSeed, a father of six from four different women. In the interview, he says the responsibility of raising the child is on the mother, not him. About four in every ten children born in America in 2008 were born outside of marriageRead MoreMovie Review : Cinderella Like Tales1999 Words à |à 8 Pagesgirls. Jean Twenge, Ph. D., a psychologist from San Diego State University, uses the phrase ââ¬Å"Generation Meâ⬠to refer to people born in the ââ¬Ë70s through the ââ¬Ë90s. The idea that encouraging kids to believe in their dreams, as to refrain from damaging fragile egos and causing low self-worth is what Twenge says has backfired leading to a new generation of people with false expectations. Equally important, encouraging these false expectations are what Twenge says will lead to ââ¬Å"narcissism and entitlementâ⬠Read MorePoverty Porn : Promoting The Popular Stereotype2116 Words à |à 9 PagesStarring Dev Patel, Slumdog Millionaire is the story of Jamal Malik, an eighteen year old, uneducated, orphan from the slums of Mumbai. Jamal Malik is one question away from winning 20 million rupees on Indiaââ¬â¢s Kaun Banega Crorepati? (equivalent to Americaââ¬â¢s Who Wants to Be a Millionaire?). But when the show breaks for the night, the police arrest him with the allegation of cheating. Desperate to prove his innocence, Jamal tells the story of his life in the slums, where he and his brother grew up
Saturday, December 21, 2019
Comparison Matrix Essay - 1332 Words
Module # 4: Comparison Matrix Equetta Jones Grand Canyon University: RES-811 June 12, 2013 Module # 4: Comparison Matrix Within the comparison matrix, the author will provide information from three empirical articles. The articles were titled, Transformational Leadership in the Public Sector: Does Structure Matter? (Pandey and Wright, 2009), The Effect of Transactional and Transformational Leadership Styles on the Organizational Commitment and Job Satisfaction of Customer Contact Personnel (Barker and Emory, 2007), and Empirical Research on Ethnic Minority Students: 1995ââ¬â2009 (Vasquez III, E., Lopez, A., Straub, C., Powell, S., McKinney, T., Walker, Z., and Bedesem, P. L., 2011). The first article provides information on theâ⬠¦show more contentâ⬠¦The makeup of an organization operating under Transactional leadership can influence the amount of rewards given to individuals. Additionally, the weakness of communication can influence behavior as it pertains to transformational leadership (Pandey and Wright, 2009). Meanwhile, the research conducted in the second article asked for the associ ation when dealing with the attitude, satisfaction, and commitment of employees. It asks for the affiliation between two surrogates of employee attitude types. In addition to this, it speaks on the dimensions of transformational and transactional leadership and how they assist with defining and examining the actual impact on the attitude of the employee. Lastly, the affiliation between positive employee attitudes and transformational and transactional leadership. Respectable directors inspire and motivate employee groups to unearth an innovative way of doing something (Barker and Emory, 2007). The last article is not about leadership styles, but the effect of research and minorities. The article identified and counted the number of published empirical articles in each of the issues reviewed. Additionally, it identified articles by using four categories to narrow the data identified, and lastly the methodological characteristics of the articles (Vasquez III, E., Lopez, A., Straub, C ., Powell, S., McKinney, T., Walker, Z., and Bedesem, P. L., 2011). Comparison of the Sample Populations Each of theShow MoreRelated A Comparison of The Matrix and Platos The Allegory of the Cave1838 Words à |à 8 PagesA Comparison of The Matrix and Platos The Allegory of the Cave In the movie The Matrix we find a character by the name of Neo and his struggle adapting to the truth...to reality. This story is closely similar to an ancient Greek text written by Plato called The Allegory of the Cave. Now both stories are different but the ideas are basically the same. Both Stories have key points that can be analyzed and related to one another almost exactly. There is no doubt that The Matrix was based offRead MoreA Comparison of the Representation of the Future of The Matrix and Planet of the Apes3441 Words à |à 14 PagesA Comparison of the Representation of the Future of The Matrix and Planet of the Apes Sci-fi films were born in the aftermath of the industrial and scientific revolutions of the 19th century. The first motion picture from this genre was ââ¬ËLe Voyage Dans La Luneââ¬â¢, a Georges Meties production from 1902. This is regarded as the firstRead MoreComparison of the Matrix and the Allegory of the Cave Essay1240 Words à |à 5 PagesComposition I 3 October 2012 The Matrix and the Allegory of the Cave What if one were living through life completely bound and facing a reality that doesnt even exist? The prisoners in Platos Allegory of the Cave are blind from true reality as well as the people in the movie The Matrix. They are given false images and they accept what their senses are telling them. They believe what they are experiencing is not all that really exists. Plato, the ancient Greek philosopher wrote The AllegoryRead More Ray Bradburys Fahrenheit 451 Comparison to the Matrix Essay1111 Words à |à 5 PagesBradburys novel Fahrenheit 451 speculates on a future society in which there is no real knowledge, just a faà §ade of lies because there are no testaments of truth, books. This book shares a plot much like that of the Warner Brothers blockbuster, Matrix, in which the human race is kept in the shadow of the truth by being put into a virtual reality. In both stories a destroyed civilization is being suppressed by an evil leader. Also, in both of these works have an average man rise from the ashes ofRead MoreEssay about The Matrix and Fahrenheit 451 Comparison632 Words à |à 3 Pagesï » ¿1. The characters of Neo and Montag break away from the common society, come to terms with themselves, and strive to create an ideal world. 2. Breaking from normal society through oneââ¬â¢s own will a. Neo is rescued from the Matrix by Morpheus i. It was Neoââ¬â¢s own decision to take the red pill. ii. Demonstrates desire to know the truth about world. b. Montag admits he is unhappy in life and turns to books for knowledge. i. It was Montagââ¬â¢s own curiosity and internal dissatisfaction with his currentRead More Comparison of The Matrix and Do Androids Dream of Electric Sheep?1959 Words à |à 8 PagesComparison of The Matrix and Do Androids Dream of Electric Sheep? Andy and Larry Wachowskis movie, The Matrix parallels many of the characters and themes that are explored in Philip K. Dicks novel, Do Androids Dream of Electric Sheep?. There are five main characters or groups of people that are explored in Dicks novel. First, Morpheus, the leader of the unplugged individuals, emulates the role that the Rosen Association plays. Next, Cypher, an underhanded man, who is comparable to RachelRead MoreComparison Matrix996 Words à |à 4 PagesComparison Matrix Paper Comparison Matrix Paper Tia Robinson Grand Canyon University RES 811 April 25, 2012 Comparison Matrix Paper In the comparison matrix chart three different empirical research articles were used and compared. The first article, by Wright and Pandey. Transformational Leadership in the Public Sector: Does Structure Matter?, Emery and Barker, The Effect of Transactional and Transformational Leadership Styles on Organizational Commitment and Job Satisfaction of CustomerRead MoreComparison Matrix1543 Words à |à 7 PagesRunning Head: Comparison Matrix Paper Comparison Matrix Paper Comparison Matrix Introduction Comparison shows the characteristic of three studies conducted by different researchers. In the public sector, transformational leadership is the first study. This type of leadership has no effect on the conduct of managers. Transformational leadership is to stimulate the needs of the subordinates in harmony with the goals of the leader. Morale, motivation, and performance of the individualsRead MoreComparison Matrix Paper 1010 Words à |à 5 Pagesï » ¿ Comparison Matrix Paper Nadia Bhatti Grand Canyon University PSY 801 Dr. Nelson September 17, 2014 Comparison Matrix Paper Introduction This paper compares three studies on workplace bullying. The studies were conducted because workplace bullying is an epidemic that needs to be addressed and it needs to be understood to help future organizations prevent workplace bullying. à Article oneâ⬠Individual and situational predictors of the workplace bullying: why do perpetrators engageRead MoreUnix Comparison Matrix830 Words à |à 4 PagesComponents BSD System V GNU Role of shell Main access to the UNIX operating system and as such any improvement to it can result in considerably more effective use of the system, increased speed, efficiency and file properties. ââ¬Å"Câ⬠Shell This shell is good for interactive work and also added some features from other Operating shells. The Korn shell became part of System V but had one major problem; unlike the rest of the UNIX shells it wasnt free, you had to pay ATT for it. Bourne Shell
Friday, December 13, 2019
Acc 561 Week 2 Wiley Plus Assignment E13-5, E13-6, E13-9 Free Essays
E13-5| | The comparative balance sheets of Nike, Inc. are presented here. | NIKE INC. We will write a custom essay sample on Acc 561 Week 2 Wiley Plus Assignment E13-5, E13-6, E13-9 or any similar topic only for you Order Now | Comparative Balance Sheets| May 31| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- ($ in millions)| Assets| 2007| 2006| Current assets| $8,076| $7,346| Property, plant, and equipment (net)| 1,678| 1,658| Other assets| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 934| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 866| Total assets| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- $10,688| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- $9,870| | à | à | Liabilities and Stockholdersââ¬â¢ Equity| | | Current liabilities| $2,584| $2,612| Long-term liabilities| 1,079| 973| Stockholdersââ¬â¢ equity| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 7,025| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 6,285| Total liabilities and stockholdersââ¬â¢ equity| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- $10,688| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- $9,870| | | | | | | | | | Correct. | | à | Complete the horizontal analysis of the balance sheet data for Nike using 2006 as a base. (If amount decreases, use either a negative sign preceding the number, e. g. 45 or parenthesis, e. g. (45). Round all percentages to 1 decimal place, e. g. 12. 5. ) NIK E, INC. | Condensed Balance Sheet| December 31| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- ($ in millions)| | à | à | Increase or (Decrease)| | 2007| 2006| Amount| Percentage| Assets| à | à | à | à | Current assets| $8,076| $7,346| $ 730 | 9. 9 %| Property, plant and equipment (net)| 1,678| 1,658| 20 | 1. 2 %| Other assets| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 934| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 866| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 8 | ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 7. 9 %| Total assets| ââ¬âââ¬â ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- $10,688| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- $9,870| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- $ 818 | ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 8. 3 %| | à | à | à | à | Liabilities and stockholdersââ¬â¢ equity| | | | | Current liabilities| $2,584| $2,612| $ -28 | -1. 1 %| Long-term liabilities| 1,079| 973| 106 | 10. 9 %| Total stockholdersââ¬â¢ equity| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 7,025| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âà ¢â¬âââ¬âââ¬â- ,285| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 740 | ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 11. 8 %| Total liabilities stockholdersââ¬â¢ equity| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- $10,688| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- $9,870| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- $ 818 | ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 8. 3 %| | | | | | | | | | | | Correct. | | à | Complete the vertical analysis of the balance she et data for Nike for 2007. (Round all of the percentages to 1 decimal place, e. g. 12. 5. NIKE, INC. | Condensed Balance Sheet| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- May 31, 2007| | $ (in millions)| Percent | Assets| à | à | Current assets| $8,076| 75. 6 %| Property, plant and equipment (net)| 1,678| 15. 7 %| Other assets| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 934| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 8. 7 %| Total assets| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- $10,688| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 100. 0 %| | à | à | Liabilities and stockholdersââ¬â¢ equity| | | Current liabilities| $2,584| 24. 2 %| Long-term liabilities| 1,079| 10. 1 %| Stockholdersââ¬â¢ equity| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 7,025| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 65. 7 %| Total liabilities and stockholderââ¬â¢s equity| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- $10,688| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 100. 0 %| | | | | | | | | | | | | | | | | | | | | | ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- Top of FormBottom of Form| E13-6| | Here are the comparative income statements of Winfrey Corporation. | WINFREY CORPORATION| Comparative Income Stateme nts| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â For the Years Ended December 31| | 2010| 2009| Net sales| $598,000| $520,000| Cost of goods sold| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 477,000| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 450,000| Gross profit| $121,000| $70,000| Operating expenses| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 80,000| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 45,000| Net income| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- $41,000| ââ¬â ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- $25,000| | | | | | | | | Correct. | | à | Complete the horizontal analysis of the income statement data for Winfrey Corporation using 2009 as a base. (Round all percentages to 1 decimal place, e. g. 12. 5. ) WINFREY CORPORATION| Condensed Income Statements| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- For the Years Ended December 31| | | | Increase or (Decrease)| | | | ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- During 2010| | ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 2010| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 2009 | ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- Amount | ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- Percentage | Net sales| $598,000| $520,000| $ 78,000 | 15. 0 %| Cost of goods sold | ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 477,000| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 450,000| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 27,000 | 6. 0 %| Gross profit| 121,000| 70,000| 51,000 | 72. 9 %| Operating expenses| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 80,000| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 45,000| â⠬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 35,000 | 77. 8 %| Net income| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- $41,000| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- $25,000| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- $ 16,000 | 64. 0 %| | | | | | | | | | | | Correct. | | à | Complete the vertical analysis of the income statement data for Winfrey Corporation for both years. (Round all percentages to 1 decimal place, e. g. 12. 5. ) WINFREY CORPORATION| Condensed Income Statements| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- For the Years Ended December 31| | ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 010| ââ¬âà ¢â¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 2009| | ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- $| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- Percent| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- $| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- Percent| Net sales| $598,000| 100. 0 %| $520,000| 100. 0 %| Cost of goods sold| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 477,000| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬ââ â¬âââ¬â- 79. 8 %| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 450,000| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 86. 5 %| Gross profit| 121,000| 20. %| 70,000| 13. 5 %| Operating expenses| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 80,000| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 13. 4 %| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 45,000| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 8. 7 %| Net income| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- $41,000| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 6. 8 %| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- $25,000| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 4. 8 %| | | | | | | | | | | | | | | | | ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- Top of FormBottom of Form| | E13-9| | Armada Company has these comparative balance sheet data: ARMADA COMPANY| Balance Sheets| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- December 31| | 2010| 2009| Cash| $25,000| $30,000| Receivables (net)| 65,000| 60,000| Inventories| 60,000| 50,000| Plant assets (net)| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 200,000| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 180,000| | ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- $350,000| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- $320,000| | à | à | Accounts payable| $50,000| $60,000| Mortgage payable (15%)| 100,000| 100,000| Common stock, $10 par| 140,000| 120,000| Retained earnings| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 60,000| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- 40,000| | ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- $350,000| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- $320,000| Additional information for 2010: 1. | Net income was $25,000. | 2. | Sales on account were $375,000. Sales returns and allowances amounted to $25,000. | 3. | Cost of goods sold was $198,000. | 4. | Net cash provided by operating activities was $48,000. | 5. | Capital expenditures were $25,000, and cash dividends were $18,000. Compute the following ratios at December 31, 2010. ( Round to 3 decimal places, e. g. 2. 515. ) Current| à 3. 00 :1| Receivables turnover| à 5. 6 times| Average collection period| à 65. 2 days| Inventory turnover| à 3. 6 times| Days in inventory| à 101. 4 days| Cash debt coverage| à . 31 times| Current cash debt coverage | à . 87 times| Free cash flow | | | | | | Current ratio| =| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- $150,000| =| 3. 000 :1| | | $50,000| | | Receivables turnover| =| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- $350,000| =| 5. 600 times| | | $62,500(1)| | | (1) ($65,000 + $60,000) ? Average collection period = 365 days ? 5. 600 = 65. 179 days Inventory turnover| =| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- $198,000| =| 3. 600 times| | | $ 55,000(2)| | | (2) ($60,000 + $50,000) ? 2 Days in inventory = 365 days ? 3. 600 = 101. 389 days Cash debt coverage ratio| =| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- $48,000| =| 0. 310 times | | | ($160,000 + $150,000) ? 2 | | | Current cash debt coverage ratio| =| ââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬âââ¬â- $48,000| =| 0. 873 times | | | ($60,000 + $50,000) ? 2| | | Free cash flow = $48,000 ââ¬â $25,000 ââ¬â $18,000 = $5,000 How to cite Acc 561 Week 2 Wiley Plus Assignment E13-5, E13-6, E13-9, Papers
Thursday, December 5, 2019
Modern Business Comparative and Perspective
Question: The difference between Fordism and Toyotism ? Answer : Introducation The Country, which has proved it to become the worlds largest consumer market for the trucks of light nature and the cars carrying passengers, is the United States. General Motors, Chrysler Corp. and Ford Motor Company have lead to a formation of the Big Three among the automakers of US (Gereffi 1999). The Ford system was further proved by the translation of Toyota by the implementation of the JIT system. The system implemented by Ford in the production plants set up at the earlier times, consisted the concept that by minimization of the time of gaps between the start and end of production is the best and most effective way of production of a vehicle. Ford achieved the same, through complete and higher levels of what is known to be as vertical integration. Though the JIT system has been unable to meet the modern day dialect, it has been apt in describing the system of inventory which is more complex in nature and used widely (Krafcik 1988). A large scale with a highly efficient and philosophy of production with consistency in the flow was adopted by Toyota. The philosophy was derived from Ford and was applied to the facilities of small scale, which was done in an interesting manner. Ford managed the simple nature because it was unable in achieving the volume for maintaining the standard of the product and the levels of the integration to be done vertically. On the other hand, Toyota honored the concept of the continuity in the flow of building a network locally, which contained the suppliers for integration with the assembly plant structure. Instead of building a product with standards of the model of Ford, Toyota was able to achieve the flexibility in the production of a variety of products. Toyota used the principles of continuous flow, which Henry Ford had never thought and would never have made an attempt. The use of the capability of Toyota was being able to stamp the metal parts of the sheet in lot sizes in hundred parts. The stamping was possible, as they had attained the knowledge of changing the stamping dies in minutes instead of hours. The flexibility of the same sort has been an advantage for the competitors who had the art of mastering the same (Liker 2006). The industry of US was not motionless in the 1980s and with the advent of the competition from Japan; US worked aggressively towards the improvement of their quality. US discovered that the workers of Japanese firms participated in solving the problems with the formation of a quality circle and the companies had a policy of building the qualities from the start, rather than carrying on the inspection process afterwards. The companies of US decided that they would be competing with having perfection in the cost effective measures and on time deliveries (Liker 2006). The US companies had taken a decade i.e. from the early 1980s to the early 1990s in figuring out that the Japanese had more techniques than the quality circle formations. The other techniques consisted of statistical process control (SPC) and preventative maintenance. The reason why US took a long time to recognize that Toyota had a leadership in the manufacturing of the automobiles with excellence, was because it only saw, whatever it wanted to see The system of mass production by Ford also helped them in bringing forward to their current situation and now they stand as the second largest automaker. It also stands as the largest corporate sector in the world but there are major challenges to their success. The major challenge in their success is the interaction of the mega company with the mega plants and the conversion of mass production to the lean production. General Motors, Chrysler and Ford have reached a conclusion that they need to turn lean and they are modeling on the Ford and Toyota Production System, as they regard them as the best system (Utterback and Surez 1993). The innovations were performed in an incremental manner, which were lower in price and had lines of attaining a product of high range of volumes. Both varieties of innovation were being led by the General Motors and more particularly for the major changes in the product. Engines change in higher magnitudes annually and the changes have an occurrence with a lower frequency than the characteristics in a chassis. The body plants have a greater flexibility and change more continuously whereas the engine plants have a tendency of changing in a manner with integration and systematic approach occasionally. Toyotism (Pull System) vs Fordism (Push System) The concept of Toyotism and Fordism are not simple case of alternative paradigms. The two systems i.e. the organization of production and the system of relationships with labor, have a relation with each other in various ways which are significant in nature. The concept of Fordism has a system, which is of a single-kind and has large-lot production whereas Toyotism has a system, which is of a multiple-kind and has small-lot production. Fordism consist the characteristic of pushing up the production by the process preceding to the same while, Toyotism has the characteristic of pushing up the production by the process subsequent to the production. In a more fundamental manner, the concepts are too different in nature as, Toyotism is a multifunctional worker and Fordism is the single-function worker (Dohse et al. 1985). Germany The country applies a mix of both the systems i.e. Ford and Toyota in the multiple layers of production system for crafting their own system of production. Germany had taken a different route from US. Even though, the production model of Germany had an orientation towards the mass production in the period between 1975 and 1985, there was a development of variety of range of the reforms of labour and programs of modernization in the productions. They were developed after a close cooperation among the association of employers, government and the unions. he process organization for an instance had a basis of the same principles of the mass production like in US. However, as the country had smaller size of companies and production runs, there was a lower marking for the concerns regarding the economies of the scale. Like US, the performance had a regulation of the standards setting methods of the Taylorist approach. The same was coupled with the scheme of incentive payments which were based on the rules and the procedures determined by the union and councils of work (Naruse 1991). The new designs of jobs were introduced which aimed at the enlargement of the job and enrichment from the immediate pressures of the assembly line and machinery. As compared to the counterparts of Japanese firms, the companies of Germany in the 1990s had a readiness for the rethinking and restructuring of the production model which has deeper meaning. The country was late in comparison to the US and other European countries, as the readiness for adaptation of changes came after sometime. German companies had satisfaction as they did not have the Japanese transplant in the country which would behave as a catalyst of change like in the US companies (Womack Jones and Roos 1990). The model of lean production had a propagation by the 1990s which came with the model of the just in time for the companies in Germany which seek in the recognition of the models in the efforts of retaining the competition internationally. The designs of the job had an emphasis on the teamwork which was a move away from the traditional way of the production, repair work and quality inspection which were the reason of higher costs. The process of the organization uses the central concepts of the model of lean production, which is adopted by major companies. In many cases, they are adopted only with the hesitation and in search of compromise with the practices in existing which are to be integrated into a newer approach. Criticism The interpretation of the Toyotism had seen a dynamic change in the system of Japan and the orientation of zero-buffer and zero-defect which pulls forward the other elements. The elements include teamwork, improvement activities and multi-skilling and the interpretation has a strong emphasis on industrial engineering, which is rooted into the accounts (Taiichi 1988) and (Shigeo 1981). References Dohse, K., U. Jurgens, and T. Nialsch. "From "Fordism" To "Toyotism"? The Social Organization Of The Labor Process In The Japanese Automobile Industry". Politics Society 14.2 (1985): 115-146. Web. Gereffi, G. (1999) A Commodity Chains Framework for Analyzing Global Industries Krafcik, J.F., 1988. Triumph of the lean production system.MIT Sloan Management Review,30(1), p.41. Liker, Jeffrey K. Becoming Lean. 1st ed. New York, NY: Productivity Press, 2006. Print. Naruse, Tatsuo. "Taylorism And Fordism In Japan". International Journal of Political Economy 21.3 (1991): 32-48. Web. Ohno, T., 1988.Toyota production system: beyond large-scale production. crc Press. Shingo, S., 1981. A Study ofthe Toyota Production System. Utterback, J.M. and Surez, F.F., 1993. Innovation, competition, and industry structure.Research policy,22(1), pp.1-21. Womack, J.P., Jones, D.T. and Roos, D., 1990.Machine that changed the world. Simon and Schuster.
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