...Crazy Computers Case The question at matter is if CIC reinsures extended warranty contracts with TPI sold by CC, is it appropriate for CC to recognize commission revenue at the time of sale of the extended warranty contracts? I believe you really have to determine who the true obligator is, whether it is still the third party insurer or if it would now be Crazy Computers because of having a wholly owned subsidiary that is reinsuring warranties sold by Crazy Computers. Since customers have the option to buy the warranty from Crazy Computers (CC) and there is an obligation that CIC, the wholly owned subsidiary of CC, could reinsure the extended warranty risk of the third party transaction then I believe that CC is the primary obligor. Now as for how the recognition is handled, ASC 605 talks about accounting for warranties. It states that “sellers of extended warranty or product maintenance contract have an obligation to the buyer to perform services throughout the period of the contract.” Basically this means that revenue should be recognized proportionately over the length of the warranty obligation. In my opinion Crazy Computers is the primary obligor and because of this the recognition of revenue should be deferred and recognized appropriately over the period of obligation. SolvGen Inc. This case discusses the company Direct Drugs Inc. and their plans to acquire SolvGen Inc. SolvGen Inc. has two material agreements with Careway Pharma Inc. One of the case requirements...
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...Case 06-7: Crazy Computers Page 1 PROFESSOR’S DISCUSSION MATERIALS Objectives of the Case This case gives students an opportunity to evaluate revenue recognition issues regarding extended warranty contracts. Applicable Professional Pronouncements ASC 605-20, Revenue Recognition: Services (ASC 605-20) (FASB Technical Bulletin No. 90-1, Accounting for Separately Priced Extended Warranty and Product Maintenance Contracts (Technical Bulletin 90-1)) ASC 944, Financial Service — Insurance (ASC 944) (FASB Statement No. 113, Accounting and Reporting for Reinsurance of Short-Duration and Long-Duration Contracts (Statement 113)) FASB Concepts Statement No. 5, Recognition and Measurement in Financial Statements of Business Enterprises (Concepts Statement 5) SEC Division of Corporation Finance, Frequently Requested Accounting and Financial Reporting Interpretations and Guidance, Part I(J), Accounting for Extended Warranty Plans (SEC Financial Reporting Interpretations and Guidance) Discussion ASC 605-20 specifies the accounting for separately priced extended warranty contracts. ASC 605-20 provides the following definitions for “Extended Warranty,” “Product Maintenance Contracts,” and “Separately Priced Contracts”: Extended Warranty An agreement to provide warranty protection in addition to the scope of coverage of the manufacturer’s original warranty, if any, or to extend the period of coverage provided by the manufacturer’s original warranty. Product Maintenance Contracts An agreement...
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...My vacation to Walt Disney Linnie Hernandez Murphy hall 108 September 14 The entertainment was the most fun of all the fireworks the music, And the dances the things that made me smile was the charters shaking your hands and giving all kinds of hugs away, going to the most happiest place on earth, imagine entering a place filled with the smell of homemade cookies, the green trees shaped like the animated characters, The day we arrived i was so excited i got to enjoy father all to my self The most important thing to me was getting the chance to tell my father how much fun i was having , later that day my dad was not feeling to well before we got there he said his legs were hurting pretty bad and that he should have scheduled a doctors appointment, he had to walk with a cane most of the way, I suggested that we rode more rides then walked he agreed it was probably the best thing to do, Finally arrived at the mickey mouse play house they had t shirts for sell hats cups every thing you could image, This trip made me fill closer to my dad like maybe he wasn’t so bad ...
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...Introduction: Monkeys, Mickey Mouse and Margaritas, are favorite words from my childhood one I have loved since childhood, and the other I enjoy as an adult. Body: I. My first word is Monkey. A. As a kid I had a fascination with monkeys 1. Wanted a spider monkey a. Got plenty of stuffed monkey instead. B. Monkeys are very social animals 1. However they are unpredictable 2. Destructive, expensive 3. Need a lot of attention C. Spider monkeys 2. Live in tropical rain forest 3. Have long lanky arms and gripping tails a. tails are up to 35 inches long 3. weigh 21 to 24 pounds II. My second work is Mickey Mouse A. Another childhood favorite of mine was, and still is, Mickey Mouse 1. Red shorts white gloves and big yellow shoes 2. Round mouse ears 3. Gets into mischief 4. Extremely imaginative B. First appearance in 1928 1. Steamboat Willie 2. Appeared in over 130 films 3. 9 of his cartoons were nominated for academy awards a. Lend a paw won in 1942 4. Became the first cartoon character to have a star on Hollywood Blvd. III. My last word is one I enjoy as an adult, Margarita. A. Good drink on a hot summer night 1. Applies to both sour and sweet taste buds. B. Margaritas can be made several ways 1. Most common tequila 2. Flavored liqueur 3. Lime or lemon juice C. Margaritas can be serve many ways 1. On the rocks 2. With a salted rim 3. Frozen 4. Straight up D. Have been around since 1950’s 1. Not sure who actually created...
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...Mr. K. McGuire ENG 4U1 30 May 2012 King Lear vs. Holden Caulfield Shakespeare's tragedy King Lear revolves around his decision to give away the kingdom to his three daughters which marked the beginning of chaotic and uncontrollable consequences. In the middle of the play, Lear went mad and lost everything. On the other hand, the novel, The Catcher in the Rye is about a boy named Holden Caufield. He does not care about school at all and got kicked out. He ended up running away from school early because of a quarrel between him and his roommate name Stradlater about a girl that he had feelings for. He then lived on the streets and met new and old friends until the day that he is supposed to return home. But there were problems and he went to sneak home early to visit his little sister Phoebe. Throughout the story, he tries to fit in but instead feels alienated and alone. Despite the differences in settings and story lines, both of these characters are similar to each other in many ways. Despite the differences in the time periods, King Lear and The Catcher of the Rye both display similar qualities which include their poor decisions, experienced major downfalls and lost of their psychological sanity. Both King Lear and The Catcher of the Rye illustrate their own terms of insanity which compliments the two as the major theme. In chapter 25 of The Catcher of the Rye, each time Holden crosses a street, he felt like he would disappear, therefore every time he reached...
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...Holden Caulfield's “Catcher in the Rye” Fantasy Growing up, we have all experienced a particular desire to achieve something; an ambitious state of mind that gives us meaning to life. Holden Caulfield in The Catcher in the Rye, by J.D. Salinger, has a primary ambition - to become the Catcher in the Rye – the protector of the young and innocent, as stated in his conversation with Phoebe (Salinger, 191). Completely imaginary and a hopeless fantasy, this passage underscores what is prevalent throughout the novel - the issue of Holden's black and white perspective on the dark, phony world of adulthood juxtaposed with the light, innocent, world of childhood. The important passage contributes to Holden's clinical depression as a result of his beloved brother's death, therefore his cynical view of adulthood, and his anxiety about growing up, resulting in the overall angst and alienation palpable throughout the novel, leading to his eventual catharsis. Holden's imagery of “catching” children playing in a field of rye before they fall off a cliff is unrealistic, misheard from a little boy, and it serves merely as an escape route from what he fears most about adulthood – the change and overwhelming complexity. Holden wants everything to be easily understandable and eternally fixed, similar to the Eskimos and Indians in the museum. Opposed to acknowledging that adulthood scares and mystifies him, Holden instead invents a fantasy – that childhood is an idyllic field of rye, while...
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...The Catcher in the Rye, a novel written by J.D Salinger, is about a sixteen-year-old boy named Holden Caulfield who is troubled and misunderstood. He is critical and skeptical about the world he lives in, and only respects his deceased brother, Allie, and his younger sister, Phoebe, because of their innocence. Phoebe isn't “phony” like everybody else is to Holden, and because of this he truly admires and trusts her with his inner thoughts. In a way, Holden and Phoebe are each other's heroes without even knowing it. Holden yearns to live in a world that is genuine, and it's clear that Holden is fighting a psychological battle within himself, which makes depression and conflict major themes throughout this novel. Salinger's novel is extremely controversial because of the teenage angst displayed and the language used by Holden, but it is an accurate look inside the mind of someone who feels alienated. The literary critic, Michicku Kakutani, mentions that Salinger gave Holden “a voice that enabled him to channel an alienated 16-year-old's thoughts and anxieties and frustrations, a voice that skeptically appraised the world and denounced its phonies and hypocrites and bores.” Holden fails out of school and goes to New York where he interacts with people, but he thinks they are all phony, so he spends a lot of time feeling like a failure. Past events that occurred in Holden's life definitely make him judgmental, such as when his former English teacher, Mr. Antonlini, pats him on...
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...Raul Madrigal Professor Hendricks English Composition 2 1 December 2014 Bibliography Salinger, J.D. “The Catcher in the Rye” Little, Brown and Company. Boston: 1945. This source is the actual book The Catcher in the Rye which was written by J.D. Salinger. He writes of a boy, Holden Caulfield, the narrator of The Catcher in the Rye is a troubled teenager who switches between having a pompous attitude and feeling as if he is superior to others and then being aware of being alienated from his peers, to beginning to protect his innocence and that of other people. He begins to isolate himself from others because he doesn’t want to get hurt after losing a little brother, Allie. Other students looked down upon him and that is why he has possibly developed a dislike for other people. At first his isolation is more negative than positive. Holden is kicked out of the third school due to having poor grades. After being kicked out of school, he goes on a journey filled with various incidents that cause him to make grown up decisions. The story is narrated in first-person by Holden from a psychiatric hospital where Holden is for treatment. A quotation I will be using in the book is “I am always saying ‘Glad to've met you’ to somebody I'm not at all glad I met. If you want to stay alive, you have to say that stuff, though” (Salinger 87). Madrigal 2 “Catcher in the Rye the Alienation of Holden Caulfield” Humanities 360 Print. N.p., n.d. Web. 30 Nov. 2014. Humanities...
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...The Catcher in the Rye by J.D. Salinger, like many other great works, was met by scornful criticism and unyielding admiration. However, many literary critics also admired Salinger's use of language, which is used to make Holden Caulfield, the protagonist, extremely realistic. Such language includes repetition of phrases, blatant cursing, and bold statements in order to capture the informal speech of the average, northern American adolescent. Through Holden's thoughts and dialogues, Salinger successfully created a teenage boy that changed the literary world. The language used in The Catcher in the Rye has long been a topic of controversy to literary critics. Holden Caulfield's thoughts and comments serve to deepen his personality and to provide entertainment. Salinger wants to create a typical teenager while keeping Holden as an individual at the same time. Like most teenagers, Holden speaks in trite sentences. However, he also uses words in places that were then uncommon. Holden often leaves his sentences dangling with words like "and all" and "or anything." Salinger intentionally used such speech repetition to individualize Holden, and, at the same time, make him a believable teenager of the early 1950s. Moreover, Holden has other expressions that appear consistently throughout the novel. In some places, the expressions only serve to make Holden more realistic, while in other places Holden is trying to reinforce his values. Holden repeatedly comments on his hatred towards...
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...Holden Caulfield: Protector of Innocence The novel The Catcher in the Rye is a coming of age tale of a teenager’s journey into a mental breakdown. The main character, Holden Caulfield, sees the world as an extremely phony, cynical place that he wishes to escape from. As a result of this, he forms the idea that the only way to be free of the hypocrisy and cynicism of society is to maintain one’s childlike immaturity and innocence. Because of this idea, throughout the novel, Holden is trying desperately to hold on the shreds of innocence that he has left, all while trying to protect the innocence of those around him as well. Two minor characters mentioned in the novel that Holden tries to protect, Sunny and Phoebe, both display to the reader signs of developing maturity. Holden’s interactions with both Sunny and Phoebe provide prime examples of how even though Holden tries desperately to protect their innocence, growing up cannot be prevented. One of Holden’s most prominent traits throughout the novel is that he is has this urgent need to protect the people around him from losing their innocence like he did when his brother passed. Even though he constantly drinks, smokes, and curses, Holden’s main goal throughout the text is to make sure that innocence is maintained as long as possible before a person grows up and matures. “He struggles to preserve his own tenuous hold on youthful innocence-or as he sometimes puts it, ‘niceness’-and despairs when he finds that innocence lost...
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...Throughout history, authors have tried to convey the emotions felt by characters facing the transition from adolescence to adulthood. In The Catcher in the Rye, J.D. Salinger communicates the conflicting emotions present during Holden Caulfield's journey into adulthood, reflected by his cynical attitude towards the adult world and his idealistic perspective of the innocence of youth. One of the prevalent themes of Holden's journey to adulthood is his cynical attitude toward the adult world. In The Catcher in the Rye, Holden says, "You ought to go to a boy's school sometime. Try it sometime. It's full of phonies, and all you do is study so that you can learn enough to be smart enough to be able to buy a goddamn Cadillac someday, and you have to keep making believe you give a damn if the football team loses, and all you do is talk about girls and liquor and sex all day, and everybody sticks together in these dirty little goddamn cliques" (Salinger 170). Holden feels as though the only point of going to school is to become smart enough to buy a nice car and be able to have a family of his own. He also is convinced that the majority of adolescent boys are phonies, who will continue to be phonies once they enter into the corrupt adult world. In Stanford Pinsker's book The Catcher in the Rye: Innocence Under Pressure, he furthers the idea of Holden's cynical attitude. Pinsker writes that Holden is trying to, "cling to a vision of a prelapsarian world, one without 'falls' and without...
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... “I’m the most terrific liar you ever saw in your life. It’s awful.”, The catcher in the rye is a novel based on a boy named Holden Caulfield which he is afraid of adulthood written by J.D Salinger. Holden feels that all adults are phonies. As well as the teenagers his age that pretend to be adults or mature turn out to be phonies as they grow up. Also they feel they have to be a certain way to be portrayed as an adult. Caulfield is portrayed as a kid to most people, he is constantly told to grow up. From being kicked out of Pency to sleeping from hotel to hotel he discovers himself continuously having the feeling of being lonely. Furthermore, Caulfield holds all of his feelings in to where he needs to talk to someone about it. Holden is going through the stage every teenager goes through. When Holden says, “I felt so lonesome, all of a sudden I almost wished I was dead.”.This reminded me to today's society because there are many teenagers that just need someone to talk to or even just express how they feel or are to someone who will hear them out and not judge them or portray them differently after hearing them out. This story is relevant to today's society because many teens probably feel as holden does, And some people are afraid of adulthood and the reality of it all. Comparatively, Holden Caulfield portrays some of his old friends and teachers as phonies. As to when he sees or gets back in touch with some of his old friends, he wants to talk about how he feels, but he doesn’t...
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...Many teens nowadays are facing depression. In the book Catcher in the Rye the author J.D. Salinger explores loneliness and depression in a troubled boy who does not want to grow up. Holden often admits his loneliness and finds out he has some emotions left. He chooses to protect himself and reduce his pain. For example, whenever he thought about calling up a girl he gives himself many reasons why he should not contact her so he doesn’t get hurt in the end. He tries so hard to protect himself by shutting things out that could potentially hurt him. Holden Caulfield the protagonist isolates himself, has many fears, especially about growing up, and can’t connect well with people. Holden isolates himself from his society. Holden then becomes very lonely because he has no friends or family to turn to. Holden's little brother Allie died in the past and that is when Holden got really depressed. It filled him with sadness so he isolated himself from his family and surroundings, which made a gap between him and his family. It seemed as if he could potentially be jealous of Allie because he didn’t have to go through the pain of growing up. Holden hoped if he isolated himself from society, he could prevent himself from growing up. When he does that he is also trying to protect himself and that makes him lonely. For example in the book Holden went to New York Holden said “I got a cab outside the hotel, but I didn't have anywhere to go.” (Salinger 107) Another example of when...
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... In “Catcher In The Rye” by J.D Salinger. A former student at Pencey Boarding school, Holden Caulfield is a young man who didn’t really care about his grades and cared more about his life and where he will go with it. Holden always points out the most bizarre things in his life. He does prove to us how much he loves his family and friends. After Holden’s brother’s death, Holden hasn’t been acting himself. Holden makes impulsive decisions that lead to consequences that affect his relationships as well as his well being. First, when Holden was still at Pencey he had a friend and roommate named Stradlater. Stradlater wasn’t the most pleasant dude but he was all Holden basically had at Pencey. Holden was on good terms with Stradlater, until Stradlater went out on a date with one of Holden’s former friends that Holden was interested in, Holden began to make some pretty impulsive decisions. “That’s the trouble with all you morons you never want to discuss anything intellig- Then he really let one go at me and the next thing I knew I was on the goddamn floor again.” This scene shows how Holden was acting very hostile towards Stradlater making some pretty impulsive decisions. After yelling at Stradlater he was then faced with the consequence of lying on his back covered in blood aching and in pain. Second, Holden has had some relationships, one of his relationships was with a girl named Sally. He was on a date with Sally and it’s been a little while since Holden has seen Sally, he...
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...In the novel, The Catcher in the Rye, by J.D Salinger, the main character Holden is a seventeen year old boy who loathes the thought of adolescence and maturity. Holden believes that any prep school contains “phonies” or artificial people who are controlled by adults and society. Holden holds inside this anger that has been developing ever since he lost his brother Allie. The thoughts of his brother help Holden express to the readers how Allie’s death has led him to moments in his life where he feels completely hopeless. During the time that Holden was at his prep school, he kept a baseball mitt that belonged to his brother. The mitt helped him remember the times he spent with Allie and all the astounding memories they shared. In the book, The Catcher in the Rye, Holden Caulfield finds it difficult to let go of the past and so he holds onto the one object that relieves him from his emotional states. In literature, a symbol represents something of a deeper meaning. There are many varieties of literary symbols throughout the novel. The baseball mitt was one of many symbols that contains a deeper and more meaningful explanation. This baseball mitt belonged to Holden’s brother. Allie was Holden’s younger brother who died when he was thirteen. Holden was traumatized by Allie’s death and finds it hard to accept that he is gone: I slept in the garage that night he died, and broke all the goddam windows with my fist, just for the hell of it. I even tried to break all the windows...
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