...Once said by writer, Debra Marquart, “Driving west from Fargo on I–94, the freeway that cuts through the state of North Dakota, you’ll encounter a road so lonely, treeless, and devoid of rises and curves in places that it will feel like one long-held pedal steel guitar note”(Marquart 1-5). The passage is from The Horizontal World, Debra Marquart’s 2006 memoir about growing up in North Dakota. In this passage, Debra Marquart conveys her profound love for the upper Midwest region, even as it was marked as an inhabitable location for many who first approached it. Marquart characterizes the upper Midwest as an entity whose landscape is bland and yet very orderly structured. In The Horizontal World, Debra Marquart adopts the use of powerful allusions...
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...POW STORY “UNBROKEN” LOOKS SUFFERING IN THE EYE “Unbroken” is a 2014 American historical biographic war-sports drama film, produced and directed by Angelina Jolie, and based on the 2010 non-fiction book by Laura Hillenbrand, “Unbroken: A World War II Story of Survival, Resilience, and Redemption”. The film revolves around the life of USA Olympian and athlete Louis “Louie” Zamperini, portrayed by Jack O'Connell. He joined the armed forces and went on a rescue mission before his plane crashed. Stuck on a raft for 47 days and then picked up by Japanese military ship Louie must spend the rest of his days in the army camp but he must fight for his freedom. “Unbroken” is the best movie I've seen in ages. Let me start by saying that Angelina Jolie is truly a genius! I can't imagine a female directing a heavy movie like Unbroken. She actually manages to show all the important details of Louis's life in just 2 hours. For some film makers it's not enough. The screenplay by the Coen Brothers is surprisingly lucid. Firstly there is an exciting plane battle which puts the viewer right in the vulnerable position of the crew. I have admiration for the story of Louis's running. From my point of view it is inspirational. It’s repeated like a mantra: “If you can take it, you can make it.” Those words drive Louis Zamperini all his life. Then there is the survival in the sea on life rafts for many days. Situations like this have been shown before but here it is particularly well done. Finally...
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...Final Film Critique: O Brother, Where Art Thou? Robert L. Forbes ENG 225 Film: From Watching to Seeing. Instructor Ebony Gibson April 29, 2013 Final Film Critique: O Brother, Where Art Thou? Everyone likes to laugh, and this film is no stranger to the call. O Brother, Where Art Thou is indeed a comical action/adventure and musical romp Directed by Joel Coen and Produced by Ethan Coen. The Cast consist of many favorites in film such as George Clooney, John Goodman, Holly Hunter, John Turturro, and Tim Blake Nelson. The film O Brother, according to well-known film critic Roger Ebert (2000), “is based on Homer’s The Odyssey” (p.1), this is an epic Greek poem around 700 B.C. Although the setting is much different, the Homeric journey of three would be prisoners of the late 1930s are similar to The Odyssey and its theme of perseverance. The movie O Brother, Where Art Thou however has a comical twist accompanied by great Gospel/Bluegrass music, and scenes that play into an allegorical concept including references to repentance and salvation during the depression of that era. The storyline in this movie the collaborating efforts of the Coen brothers and cinematographer Roger Deakins bring together...
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...Film Analysis Paper HU-489-001 5/4/2011 Fargo, and the role of Setting Fargo, a dark and somewhat humorous crime movie by the Coen Brothers delves into themes of isolation, morality, and greed. And throughout the film, a very prominent role is played by the setting. The Coen brothers make sure that no one misses where the story takes place – small town upper Midwest in the middle of a frigid winter. The film makes extensive use of the frozen landscape, the characterization of rural Midwesterners, and realistic depiction of the events of the story in order to emphasize these themes. There is a great deal of contrast in this movie between moral and amoral characters as well as contrast between what the viewer expects from such dark subject matter and how it is in fact presented. The very first shot of the film is of a barren grey snowscape as a car in the distance slowly approaches. The setting is immediately present and it sets up a feeling of a cold and emotionless environment. This car appears very small on the screen and slowly approaches the camera. So very early this feeling of isolation is brought into the film. The car appears small and alone in a desolate world. It gradually moves toward the screen as we are introduced to the beginning of the story. This is actually the main antagonist, Jerry Lundegaard as he tows a new car to make a deal with two criminals to kidnap his wife. This cold landscape represents well the dark intentions of this character. As the movie...
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...Financial Analysis of Wells Fargo Bank Analyze the company’s mission and vision statements against the performance of the organization. Then, evaluate how well the company lives out its mission and vision statement. Provide support from the organization’s performance in your evaluation. The mission statement of Wells Fargo, like most other banks, centers around getting as much money and financial obligation from each individual as possible. “We want to satisfy all our customers’ financial needs and help them succeed financially.” To further clarify that mission Wells Fargo says, “We believe our customer can save more time and money if--- after carefully shopping around and comparing choices --- they bring all their financial services to one trust provider.” Wells Fargo has lived up to its mission statement by becoming the nation’s largest financial institutions, serving one in three U.S. households and employing over in 500 working Americans. Regardless of the growing size, scope and reach, Wells Fargo common visions and distinct values form the fabric that holds the company together. As a team member of Wells Fargo, I can say it doesn’t matter what my responsibility is, or my titles, the business of the company is what I work for. Wells Fargo is one of the few American companies doing business for longer than 150 years under its founding name and in its original line of business: banking. Banking has changed in many ways through the years...
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...Waste at Wells Fargo Waste at Wells Fargo Introduction: Headquartered in San Francisco, Wells Fargo, a diversified financial services company, is one of the few American companies that are still operating under its founding name as well as in its original business for longer than 150 years. It has always strived to help its customer achieve financial success by provides banking, insurance, and mortgage finance, just to name a few. In addition, it has always contributed to communities across the North America and internationally. We intend to demonstrate how Wells Fargo is promoting waste with its current policies and have mapped out a plan to get them back on track and more profitable. History: The company's history goes back to 1852, when Henry Wells and William Fargo created Wells, Fargo & Company in New York City during the West’s gold rush. They provided banking and express services to Golf Rush pioneers. Banking services included buying gold, and selling paper bank drafts. Express services, on the other hand, consisted of the rapid delivery of gold, mail and valuables from1852 to 1918. Wells Fargo used back then stagecoaches, steamships, the Pony Express, and railroads to deliver customers’ business. In 1860s, the firm earned a reputation for trustworthiness by dealing rapidly and responsibly with customers’ money. It earned everlasting fame with the overland stagecoach line by meeting the demand for rapid delivery, from the coast to the mountains; Stagecoaches...
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...SCHOOL OF ACCOUNTANCY UNIVERSITI UTARA MALAYSIA BKAT 2013 – PRINCIPLES OF TAXATION TUTORIAL 3 – UNEARNED INCOME QUESTION 1 Under what circumstances income derived from rental of properties is taxable under Section 4(a) – Business Income instead of under Section 4 (d) – Investment income? QUESTION 2 (A) Mr. Rozmi has opted to retire from MR Resources Sdn Bhd in 2011. In 2012, he reported the following with regards to his income: Pension - optional retirement | 3,000 | Annuity paid by Bening Insurance Bhd, a Malaysian life insurer | 9,000 | Malaysian dividend, net | 14,400 | Royalties from musical composition | 23,000 | Interest on fixed deposits with Maybank for 15 months' tenure | 16,000 | Mr Rozmi owns a service apartment, which is let out for rent. The statement of income and expenditure for the year ended 31 December 2001 is as follows: Rent received | | | 26,300 | Less: Expenses | | | | Mortgage loan interest | 14,400 | | | Quit rent | 300 | | | Assessment and rates | 150 | | | Cost of tiling the cement floor of the balcony | 1,200 | | (16,050) | Net rental income | | | 10,250 | The accumulated rental loss brought forward from the previous year was RM2,800. REQUIRED: Computed the aggregate income for Mr Rozi for the year assessment 2012 (B) Mr Ramli and his wife jointly owned a condominium that had been let for rent since 2006. The statement of rental income and expenditure is as follows: Rent received: | |...
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...Good opinion piece. The way the medallions turned into a highly sought after legal tender needs scrutiny. When the owners started leasing cabs by the flat fee for a shift, then the medallions became bullet-proof money makers: No matter how slow the business was, the owners made out. When Boston Cab Company used a paid-mileage system, where the initial lease fee was less than $10/shift (about 45 cents /mile) and gas-ups on the garage dime, then the drivers were not ever placed in that serf-like scenario. I know this, because I drove under both scenarios in the very early 1980's....part of that time (2 years) as a "company" driver using their paid-mileage system, the other part as a driver of an "independent" cab that operated under the "association" (meaning painted like a Boston Cab..brown/white, with the same radio dispatch system). When I drove for the "company" (Then owned/operated by the Barenholtz brothers), I was never discriminated against, though I will say that the "window of shame" behavior was about 50 times worse than that depicted by the TV show "TAXI", with absolutely no humor involved. When I drove for an independent, then I had extreme mobility, but I had to pay a $40/shift fee and fill the cab with gas. It could be a tough nut to crack (about $50) on a daily basis at that time, but I preferred it. What seems to have happened now is that the leases are just too expensive for the drivers in relation to the fare structure and the cost-of-living. When I drove in the...
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...Introduction | | Throughout this course, as well as in FI515, we haveassumed that firms own fixed assets and report them on their balance sheets. However, since it is the productive use of assets that is important and not necessarily the form of ownership, we'll spend some time this week looking at leasing as an alternative to buying. This alternative way of obtaining the use of equipment and facilities is currently available for virtually any kind of fixed assets, with over 30% of all new capital equipment being currently financed through lease arrangements. Lease transactions involve two parties: the lessor, who owns the property, and the lessee, who gains the right to use of the property in exchange for one or more lease, or rental, payments. | | Types of Leases | | In chapter 19, you will find a description of the five most important types of leasing arrangements, which include 1. operating lease, 2. financial, or capital, lease, 3. sale-and-leaseback arrangement, 4. combination lease, and 5. synthetic lease. Please keep an eye on the so called "synthetic" leases, which are still subject to a great deal of controversy after their "creative" use by such corporate names as Tyco and Enron. | | Tax Effects | | The full amount of the lease payments is a tax-deductible expense for the lessee for as long as the IRS agrees that a particular contract is a genuine lease and not just a loan called a lease. This makes it important that...
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...DIRECTOR OF LEASING JOB DESCRIPTION The Director of Leasing, to the President. The Director of Leasing will be responsible for the leasing, marketing and overall relationships for all of our tenancy and oversee the management of all real estate holdings for our organization and related companies. While initially focusing on the three main areas of responsibility below, we look forward to developing this description with the successful candidate to better define the duties going forward. |LEASING: | |Responsible for leasing, renewing leases, lease interpretation and analysis and coordinating documentation flow for all leasing | |activities. | |Negotiate and draft leases; lease addendum and modifications; other documents as required for our portfolio of commercial properties. | |Keep ownership updated on current status of leases, including terms of leases and process of approving any new lease terms. | |Process and administer all lease contracts. | |TENANT RELATIONS: | |Provide...
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...purchase items or lease items, as an individual and in the business world. If you purchase an item at the wrong time, it could easily put a company as risk for financial hard times. The following will detail some important factors to review when purchasing or leasing is an option. The Differences between Leasing and Purchasing Both leasing and purchasing has its pros and it cons. The trick is to figure out which would be better for a company’s current financial status. Leasing allows a lessee to avoid large down payments, keep updated materials, lower lease payments due to shared tax advantages, and the property that is being leased does not show as an asset or liability. These are all positive factors if your company is a smaller company and does not have the cash to purchase the material or only needs the material for a limited time. Next are a few pros of purchasing through a capital lease. Leasing payments on an operational lease might be higher than those payments on a capital lease due to interest rates and since the company does not own the property, it must not be abused or used to harshly because it will be returned to the lessor. A capital lease gives you tax breaks such as deprecation, while operational leasing does not. As stated above, operational leases (rental agreements) and capital leases (purchasing leases) both have their pros and cons. Again, it is really the current financial status of the company that would determine which method would be best. Financial...
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...To: Audit Supervisor From: nigel Date: April 1, 2001 Subject: Accounting for Lease Agreement with HasSpace Inc. In response to your request for accounting guidance regarding the lease agreement with HasSpace Inc, we will address your main questions concerning how the to account for the following: (1) depreciation (if applicable) and expenditures of leasehold improvements, (2) possible general repair and maintenance costs , and (3) the possible re-instation to the property’s original condition. From the information you have provided, the lease agreement has a duration of 10 years and qualifies as an operating lease in accordance with ASC 840, because there is not an option to renew nor has the ability to negotiate for renewal provided in the lease agreement. Our company has placed into service various leasehold improvements (e.g., temporary walls, HVAC, carpeting) that have economic useful lives of 12 years. The lease agreement contains certain provisions that may require our company to perform general repairs and maintenance on the leased premises, and our company may be required to remove all leasehold improvements such that the premise is reinstated to original condition. Our company’s leasehold improvements will be capitalized and depreciated over their useful lives. The leasehold improvements have an economic life of 12 years, while the term of the operating lease is only 10 years. ASC 840-10-35-6 states that...
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...operating expense on financial statements, and they do not show up as capital of the company. This would be beneficial to them because they are unsure of the length that the current opportunity will last. The Regional Trucking Company fits into this structure of a lease very well. An operating lease is a good choice in this company’s situation. FASB Statement Number 13 states, “Normally, sales-type leases will arise when manufacturers or dealers use leasing as a means of marketing their products.” The Regional Trucking Company that we are consulting for needs an additional twenty trailers; they will not be leasing their own equipment. Hence, a sales-type lease would not be the type of lease they should go with. It would not make any sense because they are not trying to compete in their own business; they are just trying to take advantage of an opportunity that has come along. This is used in capital leasing. The direct financing lease is accounted for the same way as a sales-type lease and it is also used in capital leasing. In a direct financing lease, the lessor is not a manufacturer or dealer in the item, they...
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...[pic] Credit Application Form |Prepared by FAM (Name): Tarun Makhija |Date Prepared: 18.04.2012 | |BUSINESS INFORMATION | |Existing Customer: Yes No |Phoenix Customer No.: | |Lessee Name: (Full legal name of lessee) |No. of Employees: 500 | |i Media Corp Limited | | |Billing Address: Noida |Business Registration No.: | |Telephone No.: |Fax No.: |Website: | |Business Activities: Media |No. of Years in Business: 50 | |HP Segment: |Type of Business: |Parent Company: (if applicable) ...
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...Lease Treatment week 3 group: Here is each type of lease, the lease classification for the new truck and how each lease is accounted for: | Capital Lease | Operating Lease | Lease criteria - Ownership | Ownership of the asset might be transferred to the lessee at the end of the lease term. | Ownership is retained by the lessor during and after the lease term. | Lease criteria - Bargain Purchase Option | The lease contains a bargain purchase option to buy the equipment at less than fair market value. | The lease cannot contain a bargain purchase option. | Lease criteria - Term | The lease term equals or exceeds 75% of the asset's estimated useful life | The lease term is less than 75 percent of the estimated economic life of the equipment | Lease criteria - Present Value | The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment. | The present value of lease payments is less than 90 percent of the equipment's fair market value | Risks and Benefits | Transferred to lessee. Lessee pays maintenance, insurance and taxes | Right to use only. Risk and benefits remain with lessor. Lessee pays maintenance costs | Accounting | Lease is considered as asset (leased asset) and liability (lease payments). Payments are shown in Balance sheet | No risk of ownership. Payments are considered as operating expenses and shown in Profit and Loss statement | Tax | Lessee is considered to be the owner of the equipment and therefore...
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