Accounting Assignment Example | Topics and Well Written Essays - 1250 words - 3

Accounting - Assignment Example Prepare the entries on Pierson Co.s books related to the transactions that occurred on January 10, February 12, and March 10. If Allowance for Doubtful Accounts has a credit balance of $2,100 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be (1) 1% of net sales, and (2) 10% of accounts receivable. If Allowance for Doubtful Accounts has a debit balance of $200 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to be (1) 0.75% of net sales and (2) 6% of accounts receivable. Credit terms are 2/10, n/30. At March 31, Allowance for Doubtful Accounts has a credit balance of $1,200 prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The companys estimate of bad debts is as follows. At December 31, 2009, Braddock Company had a balance of $15,000 in the Allowance for Doubtful Accounts. During 2010, Braddock wrote off accounts totaling $13,000. One of those accounts ($1,800) was later collected. At December 31, 2010, an aging schedule indicated that the balance in the Allowance for Doubtful Accounts should be $19,000. On December 31, 2010, Jarnigan Co. estimated that 2% of its net sales of $400,000 will become uncollectible. The company recorded this amount as an addition to Allowance for Doubtful Accounts. On May 11, 2011, Jarnigan Co. determined that Terry Fryes account was uncollectible and wrote off $1,100. On June 12, 2011, Fryes paid the amount previously written off. On March 3, Cornwell Appliances sells $680,000 of its receivables to Marsh Factors Inc. Marsh Factors assesses a finance charge of 3% of the amount of receivables sold. Prepare the entry on Cornwell Appliances books to record the sale of the receivables. (For multiple debit/credit entries, list amounts from largest to

Peculiar Institution Essay Example for Free

Peculiar Institution Essay On September 23, 1861 Mrs. E. A. Spaulding of Central Village Windham County wrote Abraham Lincoln about the Peculiar Institution or Slavery. She believed that until it â€Å"is abolished, civilization is impeded, humanity languishes and our boasted land of freedom is a practical lie. † Two prominent persons of the era, John C. Calhoun and James Henry Hammond, thought the contrary. Calhoun and Hammond were strong defenders of Slavery. In his Mudsill Speech of 1858, Hammond justified the use of slaves through the Mudsill theory. He said that in order for the upper class to be able to push the country forward, there had to be a lower class to support it. The lower class was needed to do the dirty job and the easy tasks. They were the ones with less intelligence and talent but had the energy, subservience and loyalty demanded by the job, referring to the Africans. In the North, the laborers were not paid enough. They had to work long hours and some ended up as beggars. There were many beggars in the North, but there were none in the South. The slaves in the South enjoyed lifetime employment and because they were well paid, they did not have to beg, did not go hungry, were never out of jobs and neither did they have to work more than what they can do in a day. The slaves in the South were Blacks. They were from a different and inferior race. In working for slave owners in the South, their life had greatly improved. They had simple desires, little ambitions and they wanted no more than those. Both owners and slaves had no conflicts to disturb the peace of their days. In the case of the North, their slaves were their own race. Hammond believed that such a situation can be humiliating for the slaves, though they are the majority. As this majority had voting rights, they were actually more powerful. With such power they can create the most trouble for their employers. In his Disquisition on Government, Calhoun disagreed with the Founding Father’s idea of the rights of individuals. He believed that it was not true that people were born free and equal. The condition of life of the Blacks, being the inferior, had been improved by Slavery. They had become civilized, and their moral, physical and intellectual circumstances had changed for the better. Historically, there was never a society where part of it did not depend on the efforts of the other. The living and working conditions of the South were much better than those in the North. The Southern slave owners took care of his slaves and their families and were not subjected to the constant and unsettling labor problems in the North. Calhoun’s strongest argument against the Abolitionists was that protection of domestic institutions was granted exclusively to the states. Since Slavery was a peculiar institution to the South, attempts by other states to abolish it was defiance of the Constitution. Pro Slavery advocates cited Biblical references to argue that slavery was allowed by the Lord and intended for it to continue. Exodus 21:5-6, the slave says â€Å"I love my wife, my master and my children, I will not go free. † †¦. nd that â€Å"he (slave) shall serve him (master) for life. In Ephesians 6:5, God instructs â€Å"Servants, obey your masters of this world with fear and respect, with simplicity of heart, as if obeying Christ. † In Genesis 9:26, Noah prayed to the Lord, â€Å"Blessed be Yahweh, God of Shem, let Canaan be his slave. † Titus 2:9 says â€Å"Teach slaves to be subject to their masters †¦Ã¢â‚¬  Colossians 3:22 instructs â€Å"Servants obey your masters in everything not only while they are present, to gain favor with them, but because you fear the Lord. In all these, the advocates believe that slavery did not go against the spiritual teachings. There were also economic considerations in the use of slaves to work in Southern plantations. They were the most cost-efficient, available laborers. Their owners realized big returns of investments that they were able to give their slaves decent and comfortable lives, by way of homes, clothing, medical care and assurance of a stable future. The slave and their owners had a paternalistic relationship where the latter took care of the slaves like family.

Analysis of Nike Essay -- Nike Tennis Shoes Retail Businesses Essays

Analysis of Nike Basketball players â€Å"wanna be like Mike†, but shoe companies â€Å"wanna be like NIKE.† NIKE is the worlds #1 company and controls more than 40% of the US athletic shoe market. The company designs and sells shoes for just about every sport, including baseball, volleyball, cheerleading, and wrestling. NIKE also sells Cole Haan dress and casual shoes and a line of athletic wear and equipment, such as hockey sticks, skates, and timepieces. In addition, it operates NIKETOWN shoe and sportswear stores and is opening JORDAN in store outlets in suburban markets. NIKE sells its product to about 19,000 US accountants, in about 140 other countries, and online. Chairman, CEO, and co-founder Phil Knight owns. Nike Co. is very interesting, as well is a popular brand. Nike, pronounced NI-KEY, is the winged goddess of victory according to Greek mythology. She sat at the side of Zeus, the ruler of the Olympian pantheon, in Olympia. A mystical presence, symbolizing victorious encounters, NIKE presided over history’s earliest battlefields. A Greek would say, â€Å"When we go to battle, and win, we say it is NIKE.† Synonymous with honored conquest; NIKE is the twentieth century footwear that lifts the world’s greatest athletes to new levels of mastery and achievement. The NIKE â€Å"swoosh† embodies the spirit of the winged goddess who inspired the most courageous and chivalrous warriors at the dawn of civilization. Among artistic representations of Nike are the sculpture by Paeonius (c. 424 BC) and the â€Å"Nike of Samothrace.† Rhodians probably erected the latter, discovered on Samothrace in 1863 and now in the Louvre Museum, Paris, about 203 BC to commemorate a sea battle. Excavations have shown that the sculpture was placed alighting on a flagship, which was set in the ground in such a way that it appeared to float. If you were to break the word NIKE down, you would get Ni-key. The pronunciation for Nike is ‘nI-kE. Its function is noun, and its etymology is Greek NiKE. If you defined the word NIKE, you would find out that it means the Greek goddess of victory. Another meaning and definition of a word is SWOOSHING. Main entry: Swoosh, function is noun, and it is an act or instance of swooshing. The origin of the swoosh dates back as far as 1971. Phil Knight was supplementing his modest income from Blue Ribbon Sports Inc. by teachi... ...enior labor official reiterated complaints that workers in Nike-contracted factories faced inhumane treatment. ``Violations of labor rights generally are occurring in their smaller contractor joint venture or wholly-owned ventures in which the Vietnamese side has minimal control,'' said Tu Le, a senior official from the Vietnam Labor Union. Nguyen's report was to be released today in New York. Just weeks ahead of the report, Nike announced it had hired former U.N. Ambassador Andrew Young and his Goodworks International group to review a new code of conduct for the company's overseas factories. The measure was aimed at quelling mounting criticism that working conditions at factories in Indonesia and Vietnam were substandard. Nike uses five manufacturing plants in Vietnam, where it takes advantage of low-cost labor and relatively high production standards. About 3 percent of Nike's output is produced in Vietnam, a Nike spokesman said in an earlier interview. Michael Jordan became the first athletic mega businessman. His role as a spokesman for Nike turned that athletic-shoe and- apparel company into the world leader, earning both him and Nike millions of dollars. Analysis of Nike Essay -- Nike Tennis Shoes Retail Businesses Essays Analysis of Nike Basketball players â€Å"wanna be like Mike†, but shoe companies â€Å"wanna be like NIKE.† NIKE is the worlds #1 company and controls more than 40% of the US athletic shoe market. The company designs and sells shoes for just about every sport, including baseball, volleyball, cheerleading, and wrestling. NIKE also sells Cole Haan dress and casual shoes and a line of athletic wear and equipment, such as hockey sticks, skates, and timepieces. In addition, it operates NIKETOWN shoe and sportswear stores and is opening JORDAN in store outlets in suburban markets. NIKE sells its product to about 19,000 US accountants, in about 140 other countries, and online. Chairman, CEO, and co-founder Phil Knight owns. Nike Co. is very interesting, as well is a popular brand. Nike, pronounced NI-KEY, is the winged goddess of victory according to Greek mythology. She sat at the side of Zeus, the ruler of the Olympian pantheon, in Olympia. A mystical presence, symbolizing victorious encounters, NIKE presided over history’s earliest battlefields. A Greek would say, â€Å"When we go to battle, and win, we say it is NIKE.† Synonymous with honored conquest; NIKE is the twentieth century footwear that lifts the world’s greatest athletes to new levels of mastery and achievement. The NIKE â€Å"swoosh† embodies the spirit of the winged goddess who inspired the most courageous and chivalrous warriors at the dawn of civilization. Among artistic representations of Nike are the sculpture by Paeonius (c. 424 BC) and the â€Å"Nike of Samothrace.† Rhodians probably erected the latter, discovered on Samothrace in 1863 and now in the Louvre Museum, Paris, about 203 BC to commemorate a sea battle. Excavations have shown that the sculpture was placed alighting on a flagship, which was set in the ground in such a way that it appeared to float. If you were to break the word NIKE down, you would get Ni-key. The pronunciation for Nike is ‘nI-kE. Its function is noun, and its etymology is Greek NiKE. If you defined the word NIKE, you would find out that it means the Greek goddess of victory. Another meaning and definition of a word is SWOOSHING. Main entry: Swoosh, function is noun, and it is an act or instance of swooshing. The origin of the swoosh dates back as far as 1971. Phil Knight was supplementing his modest income from Blue Ribbon Sports Inc. by teachi... ...enior labor official reiterated complaints that workers in Nike-contracted factories faced inhumane treatment. ``Violations of labor rights generally are occurring in their smaller contractor joint venture or wholly-owned ventures in which the Vietnamese side has minimal control,'' said Tu Le, a senior official from the Vietnam Labor Union. Nguyen's report was to be released today in New York. Just weeks ahead of the report, Nike announced it had hired former U.N. Ambassador Andrew Young and his Goodworks International group to review a new code of conduct for the company's overseas factories. The measure was aimed at quelling mounting criticism that working conditions at factories in Indonesia and Vietnam were substandard. Nike uses five manufacturing plants in Vietnam, where it takes advantage of low-cost labor and relatively high production standards. About 3 percent of Nike's output is produced in Vietnam, a Nike spokesman said in an earlier interview. Michael Jordan became the first athletic mega businessman. His role as a spokesman for Nike turned that athletic-shoe and- apparel company into the world leader, earning both him and Nike millions of dollars.

??the Breakdown of Immune System

The Breakdown of Immune System Andy 1131400011 English? Liver Pool 2012. 10. 19 Diseases always suddenly burst into people’s lives and leave long-term scars for these patients. There are many diseases are so serious that have global influence in human history. As the article The Evolution and Breakdown of Immune System wrote, â€Å"The breakdown of immune system is one of the most frequent and dangerous diseases all over the world. (Jonsson, Brokstad, Hansen, Davies & Ulevestad, 2002)† It not only influences the patients, but impacts their families, and even worse, they may become the burden of the whole society.Every patient really suffers lots of pain when they fight with these kinds of diseases. They will simply influence your immune system, the guardian of your body, even destroy it. Patients may get sick and find it hard to recover once there have some disturbance come from the outside environment. AIDS is one of the most influential diseases of them. According to the dates from UNAIDS, in2010, there are totally 33. 3 million people who suffer lots of pain for AIDS in the earth (UNAIDS, 2010).People who get AIDS will become unbelievably vulnerable and can only lengthen their life under some medical help. The influence of these kinds of diseases will expand from personal to social. Patients’ families are the first who will bear the torture of worries and sadness. Immune system is hard to rebuild after break down so the patients’ families have to pay money for their treatment endlessly. Once they do not have enough money, the patient can only wait for the end of the life, which will bring families huge pain.Only in Africa, 23 million people who died because of AIDS in 2010 (UNAIDS, 2010). And there are millions of families suffer the hurt caused by AIDS. Not only the patients’ families will suffer a lot when they try to save the patients, the society also weighs down by the expenditure to treat patients. In 2009, US$ 15. 9 billion was used to get all kinds of available sources for HIV, but in 2010 there will have $ 26. 8 billion needed for HIV services, and the scholars said there will have a long period ncrease because of the growth of patients who is infected by AIDS (UNAIDS, 2010). Since extensive impacts caused by immune system breakdown, if we can find some causes of it, there may have some favorable change in our future. Based on its different causes, it is usually divided into three main parts: immunodeficiency, autoimmunity and hypersensitivity. Immunodeficiency is first type, which refers to diseases that can make the ability of immune system to fight infectious disease is compromised or entirely absent.Most cases of this kind of diseases are acquired but some people are born with defects in their immune system, or primary immunodeficiency. One example provided by Dr. Greenberg is the mix-use of things which can touch our body, such as syringe needles and toothbrush (Greenberg, 2009). So we s hould be careful to our actions in our daily lives. The second is autoimmunity, which contains diseases are caused by the failure of an organism in recognizing its own constituent parts as self, which allows an immune response against its own cells and tissues.It is often caused by a lack of germ development of a target body. The immune system may fight with each other regardless of the corporations. Some scientists regard overstress and overwork as two main reasons of these kinds of diseases (Clare, 2003). It means the irregular living style may lead to the breakdown of the immune system. Lastly is hypersensitivity. It refers to undesirable reactions produced by the normal immune system, including allergies. Many of them are caused by unhealthy living habits in our daily lives (Allen, 1999).Maybe some people always eat a lot once they find something is delicious, maybe they spend too much time in a certain environment, all these may cause the breakdown of our immune system. After w e are aware of the bad influences of immune system breakdown on patients, families and society; after we research and trace its causes and divide them into three main types, immunodeficiency, autoimmunity and hypersensitivity, we really hope that the breakdown of the immune system will leave less pain on people’s lives.But unfortunately, immune system breakdown is still one of the most destructive diseases in the world. Word count: 718 words Reference 1) JONSSON, R. R. , BROKSTAD, K. , HANSEN, T. T. , DAVIES, T. T. , & ULVESTAD, E. E. (2002). The Evolution and Breakdown of the Immune System: Implications for Development of Autoimmune Diseases*. Scandinavian Journal Of Immunology, 56(3), 323-326. doi:10. 1046/j. 1365-3083. 2002. 01158. x 2) Greenberg, S. (2009, 2). Immunodeficiency. Retrieved from http://www. utoronto. a/kids/Immunodeficiency. htm 3) UNAIDS. (2010, 12 23). The fact sheet on HIV for global report use. Retrieved from http://www. unaids. org/documents/20101123_FS _Global_em_en. pdf 4) Clare, A. (2003). The stranger within. New Scientist, 180(2421), 34. Retrieved from http://www. katewerk. com/chimera. html 5) Allen, C. (1999). Delayed type hypersensitivity: Current theories with an historic perspective. Dermatology Online Journal, 5(1), 7. Retrieved from http://dermatology. cdlib. org/DOJvol5num1/reviews/black. html

Effectiveness of Legal Sanctions

Effectiveness of sanctions in our society today In today’s society we impose sanctions on individuals who break laws of the community. There are many types of sanctions such as; fines, intensive correction, community based, youth training and drug treatment orders, home detention, suspended sentences and imprisonment. Imposing sanctions among offenders is highly successful in our society today as they may deter the individual/ general community from committing/re-committing a crime, to protect the society, to punish the offender, in many cases to rehabilitate the offender and to show that the crime is unacceptable. Imprisonment is a criminal sanction which removes the offender from society by detainment in a prison. Imprisonment is effective in terms of punishment and protection of the society. Imprisonment can also be seen as a deterrence which discourages the individual/general community from re-offending / committing a crime. Many prisoners once released from prison stay on the right path and never go back to prison. This is what one hopes for when imposing the imprisonment sanction. However some prisoners, once released cannot live normal lives. In prisons there is a high amount of violence and sexual assaults, so when people are released the fear going back, therefore they cannot live normal lives. Furthermore prisoners are grouped with other prisoners and they may learn new tricks of the trade. Also it can be argued that deterrence failing in prisons. There is a high rate of individuals re-offending when released from prison. An astonishing 33% of prisoners return to prison within two years of their release. Yet even with on of the major aims of imprisonment failing, deterrence, I still believe that imprisonment is an effective sanction is it is protecting our society because the prisoner is out of the way, therefore the society is safe. An intensive correction order is another type of sanction in our society. It is a sanction involving the treatment and supervision component and a custodial component. There are numerous conditions regarding an intensive correction order. The offender cannot commit another offence while on order; there is supervision twice a week, attendance at a correction centre for 12 hours a week, community work for 8 hours a weekend and counseling. If the individual breaks any of these conditions they can be imprisoned for the remainder of the order. The main aims of an intensive correction order are deterrence and rehabilitation. It discourages the individual from re-offending but also helps the individual change and resume a normal life. The intensive corrections order is highly effective on our society as it not only punishes the individual but gives them every opportunity to get their life back on track. Attendance at a correction centre, supervision and counseling will help the individual get his/her life back on track and as a result the society becomes safer. In conclusion, there are many types of sanctions, each with their own set of potential aims to help the society and the individual. Two sanctions are imprisonment and an intensive correction order. Both are effective to our society in different ways. Imprisonment involves protecting the society and punishment while an intensive correction order involves rehabilitation and deterrence. Even though imprisonment fails in acting as a deterrent I believe sanctions are effective in our society today.

Concealed weapons in michigan essays

Concealed weapons in michigan essays When applying for a license to carry a concealed firearm, in Michigan you must first submit an application containing two references, a letter from your employer, a set of finger prints, and it must all be notarized. The forms are then taken to the chief of police or township supervisor for their approval who will then forward the forms to the county clerk. Final approval must then be obtained from the Concealed Weapons Licensing Board, who directs the county clerk to determine if all requirements are met. Applicants must be at least 18 years of age, a United States citizen, a resident of Michigan for more than 6 months, have good reason to fear injury to his person or property or other proper reasons, be a suitable person to be so licensed, have no felony convictions within the past 8 years, and have never been adjudges insane unless subsequently restored by court order. The Concealed Weapons Licensing Board determines how long the license will be valid, no longer than 3 years. Most would assume that being a correction officer would be a good reason to fear injury. According to the Board, being a correction officer is not a valid reason. Day after day officers are threatened by people who will someday be free. Many would assume that some of those threats may actually be real, but again the board does not. If I was a corrections officer I would be affraid that I just might run into someone out on the streets someday and that they could hurt me. ...

Rap Essays

Rap Essays Rap Essay Rap Essay Name: Tutor: Course: Date: Rap The ingenuity and authenticity imposed by the musical genre of Rap is indeed overwhelming. Exemplified as one of the most influential arrays of musical compositions throughout the globe, rap music forms an essential factor in defining society. Ever since its inception in the 1970s among members of the African American community, much of the behavior exemplified by the American society, specifically the youth illustrated delinquency and as such, depicted hip hop as a musical movement that spawned an unapologetic and aberrant generation. On the other hand, hip hop music has gained popularity as among the most uplifting and appropriate tools for young people to express their emotions. Nevertheless, based on the arguments stated, it is evident that rap music sensitizes and uplifts the youth and the American society in general. Overview of Arguments The argument stemming on both sides regarding the influence of rap music on the society is significant. With respect to the debate, the society views music as a common influence among the youth in the society especially relating to delinquency. This is due to the influence evident within the 1980s from the sub-genres of the genre such as Gangsta Rap and West Coast Hip Hop. These sub-genres exuded the violent lifestyles of the inner-city African-American youth. With the inception of personalities such as Ice-T and groups such as Niggaz Wit Attitudes (N.W.A), and as such gained lucrative attention from the youth especially on crime, misogyny and disrespecting the police. On the other hand, the art of rap in hip hoop music alleviates inner-city African American youths into non-delinquent behavior based on the use of the genre as an expression of their innermost thoughts. Argument against Rap From the rise of artists such as Too Short, Ice-T, Ice Cube and other African American artists in the 1980s, it seemed that rap music would be the epitome of the American society. Most of the themes exalted in the songs at this time depicted political militancy, hatred for women and crime. Indeed, the expressiveness of rap plunged the society into a hateful community that saw the police as enemies and women as sexual objects. In addition, with the onset of the late 1980s and 1990s, rap music illustrated segregation and violence exemplified by the enmity between the East Coast and the West Coast. In addition, contemporary hip hop glorifies invalid values such as materialism and profanity and thus, further adds to immorality within the society. Argument for Rap Indeed, the argument for rap stems around the expression of emotions based on the use of rap as a technique within the genre. Much of the sentiments echoed in rap music revolve around the intricacies facing most youth within the society. Notably, hip hop music describes itself as a channel of anger based on the manner, in which the American society rejects the plight of youth and explores conventional thoughts such as racism and segregation. Nevertheless, hip hop music gains popular use as a technique to disseminate such boundaries and equally define the youth as a separate and distinct society that strays away from the rigid structures society barricades. Supporting rap music, it is also evident that most music genres have imposed negative connotations from the society. For instance, genres such as Rock and Roll and Jazz gained popularity as advocates for delinquency and thus, proves that the change in music always encounters difficulties and hostilities from the society with respec t to the status-quo. Conclusion The arguments regarding rap music stem around the social derivative. In summary, both arguments focus on the social impact of the genre and as such, provide conflicting opinions that describe the main facets of the genre. Nevertheless, it is evident that rap music, similar to all other genres, possesses positive and negative aspects and as such, it is up to the society to determine whether to demystify the negative features of the genre or exemplify the positive aspects of rap music.