...This is what we reviewed in class: Entry number Account (1) Cash Accumulated Depreciation- FM Factory Machinery (2) Tools used Expense Tools Inventory (3) Depreciation Expense-Automotive Accumulated Depreciation-Automotive Cash Accumulated Depreciation- Automotive Loss on sale Automotive equipment (4) Patent Amortization Expense Patent (5) Cash Accumulated Depreciation – OM Gain on sales Office Machines (6) Depreciation Expense-Furniture Accumulated Depreciation-Furniture Cash Accumulated Depreciation-Furniture Furniture and fixtures Gain on sales Now we need to finish the general ledger, number 7 The book states the following rates (all in percentages) Asset Building Factory machinery Furniture and fixtures Automotive equipment Office machines Factory Machinery Book value Asset fully depreciated Factory machinery sold TOTAL Accumulated depreciation (10%) Furniture and fixtures Book value Furniture sold TOTAL Accumulated depreciation (10%) Amount Dr. $3,866 $27,367 $7,850 $7,850 $278 $278 $2,336 $5,458 $560 $8,354 $11,250 $11,250 $75 $1,027 $75 $1,027 $37 $37 $80 $432 $490 $22 Cr. $31,233 Rate 2% 10% 10% 20% 10% $3,425,585 ($85,000) ($31,233) $3,309,352 $330,935 $56,484 ($490) $55,990 $5,599 Automotive Equipment Automotive equipment Automotive sold TOTAL Accumulated depreciation (20%) Office machines Office machines Office machines sold TOTAL Accumulated depreciation (10%) That’s how he got: Entry number Account (7) Depreciation expense Accumulated depreciation...
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...After the controller of Stern Corporation had ascertained the changes in accounts receivable and the allowance for doubtful accounts in 1998, a similar analysis was made of property, plant, and equipment and accumulated depreciation accounts. Again the controller examined the December 31, 1997, balance sheet [see Exhibit 1 of Stern Corporation (A)]. Also reviewed were the following company transactions that were found to be applicable to these accounts: On January 2, 1998, one of the factory machines was sold for its book value, $3,866. This machine was recorded on the books at $31,233 with accumulated depreciation of $27,367. Tools were carried on the books at cost, and at the end of each year a physical inventory was taken to determine what tools still remained.The account was written down to the extent of the decrease in tools as ascertained by the year-end inventory. At the end of 1998, it was determined that there had been a decrease in the tool inventory amounting to $7,850. On March 1,1998, the company sold for $2,336 cash an automobile that was recorded on the books at a cost of $8,354 and had an accumulated depreciation of $5,180, giving a net book value of $3,174 as of January 1,1998. In this and other cases of the sale of long-lived assets during the year, the accumulated depreciation and depreciation expense items were both increased by an amount that reflected the depreciation chargeable for the months in 1998 in which the asset was held prior to the sale, at...
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...Individuel Case Study After the controller of Stern Corporation had ascertained the changes in accounts receivable and the allowance for doubtful accounts in 1998, a similar analysis was made of property, plant, and equipment and accumulated depreciation accounts. Again the controller examined the December 31, 1997, balance sheet [see Exhibit 1 of Stern Corporation (A)]. Also reviewed were the following company transactions that were found to be applicable to these accounts: 1. On January 2, 1998, one of the factory machines was sold for its book value, $3,866. This machine was recorded on the books at $31,233 with accumulated depreciation of $27,367. 2. Tools were carried on the books at cost, and at the end of each year a physical inventory was taken to determine what tools still remained. The account was written down to the extent of the decrease in tools as ascertained by the year-end inventory. At the end of 1998, it was determined that there had been a decrease in the tool inventory amounting to $7,850. 3. On March 1, 1998, the company sold for $2,336 cash an automobile that was recorded on the books at a cost of $8,354 and had an accumulated depreciation of $5,180, giving a net book value of $3,174 as of January 1, 1998. In this and other cases of the sale of long-lived assets during the year, the accumulated depreciation and depreciation expense items were both increased by an amount that reflected the depreciation chargeable for the months in 1998 in which...
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...Case 7-1 Journal Entries: # | Transaction | DR | CR | 1 | Cash | 3,866.00 | | | Accumulated Depreciation, Factory Machine | 27,367.00 | | | Factory Machine | | 31,233.00 | 2 | Depreciation Expense | 7,850.00 | | | Tools | | 7,850.00 | 3 | Depreciation Expense, Automotive (a) | 278.00 | | | Accumulated Depreciation, Automotive (a) | | 278.00 | | Cash | 2,336.00 | | | Accumulated Depreciation, Automotive (b) | 5,458.00 | | | Loss on Sale of Asset (c) | 560.00 | | | Automotive Equipment | | 8,354.00 | 4 | Patent Amortization Expense (d) | 11,250.00 | | | Patent | | 11,250.00 | 5 | Cash | 75.00 | | | Accumulated Depreciation, Office Typewriter | 1,027.00 | | | Gain from Sales of Office Typewriter | | 75.00 | | Office Typewriter | | 1,027.00 | 6 | Cash | 80.00 | | | Depreciation Expense, Furniture and Fixtures (e) | 36.75 | | | Accumulated Depreciation, Furniture and Fixtures | 431.75 | | | Accumulated Depreciation, Furniture and Fixtures | | 36.75 | | Furniture and Fixtures | | 490.00 | | Gain from Sales of Furniture and Fixtures (f) | | 21.75 | 7 | Depreciation Expense | 407,279.28 | | | Accumulated Depreciation, Building | | 48,105.18 | | Accumulated Depreciation, Factory machine | | 339,435.20 | | Accumulated Depreciation, Furniture and Fixtures | | 5,599.40 | | Accumulated Depreciation, Automotive | | 9,988.80...
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...The Liburnian Warship A Liburnian Warship or Liburna was a type of small galley used for raiding and patrols, particularly by the Illyrians and the Roman Navy. The ship was originally designed and used commonly as a pirate vessel. But they became adopted and put into use by the Romans. As the Romans took the original designs of the ship, and modified them slightly, enabling them to be used for more specific purposes. Making them massively popular in the Roman civilizations. The ship consists of two oar banks, or what are now known as oar rows. The Liburnian ships commonly had approximately eighteen oars men per side. Being able to achieve fourteen knots within a shorter period compared to other ships of its time. Another main reason they...
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...Around 02:10, the stern rose out of the water exposing the propellers, and by 02:17 the waterline had reached the boat deck. The last two lifeboats floated off the deck, collapsible B upside down, collapsible A half-filled with water after the supports for its canvas sides were broken in the fall from the roof of the officers quarters. Shortly afterwards, the forward funnel collapsed, crushing part of the bridge and people in the water. On deck, people were scrambling towards the stern or jumping overboard in hopes of reaching a lifeboat. The ship's stern slowly rose into the air, and everything unsecured crashed towards the water. While the stern rose, the electrical system finally failed and the lights went out. Shortly afterwards, the stress on the hull caused Titanic to break apart between the last two funnels, and the bow went completely under. The stern righted itself slightly and then rose vertically. After a few moments, at 02:20, this too sank into the ocean. Only two of the 18 launched lifeboats rescued people after the ship sank. Lifeboat 4 was close by and picked up five people, two of whom later died. Close to an hour later, lifeboat 14 went back and rescued four people, one of whom died afterwards. Other people managed to climb onto the lifeboats that floated off the deck. There were some arguments in some of the other lifeboats about going back, but many survivors were afraid of being swamped by people trying to climb into the lifeboat or being pulled down by...
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...WNBA and the Economy The topic of sports is an ongoing form of popular entertainment that generates millions of dollars per year. Although the revenue is enormous, the slow demise of the Women’s National Basketball Association is apparent within the economy. Many other factors, including the recession, have had an enormous effect on the deterioration of this league. Some of these factors include the demand for women’s basketball which has led to a decrease in fan base, salaries, and funding for other teams, ultimately contributing to the downfall of this empire. In dissecting this problem, it becomes evident that the demand for this particular sport is an issue. How many people have a desire to watch this sport, and furthermore are willing to pay a price for this entertainment? The WNBA fan base is slowly declining, and as a result, less money is being generated from the public. Spectators have concluded that the growing audience has been hard to come by for the WNBA, which is apparent by the league’s attendance history. With the WNBA falling short of its male counterpart attendance wise, the WNBA has the lower hand of the deal when it comes to ticket pricing. The WNBA is already put at a disadvantage by having half as many seasonal games as the NBA. The average WNBA ticket price is fifteen dollars as opposed to the average NBA ticket being forty-five dollars. When compared with the attendance rate, the women’s basketball league is struggling tremendously. With people already...
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...Howard Michael Mandel or Howie Mandel is a television host, comedian, producer and actor from Canada. He is considered to be one of the top 100 comedians of all time. He has hosted NBC’s game show ‘Deal or No Deal’ not only in the USA but also the Canadian version of the show. He has also voiced multiple characters in shows and movies like the ‘Muppet Babies’, and ‘Gremlins’. He has acted in TV shows like ‘St. Elsewhere’, where he played the notorious intern Dr. Wayne Fiscus. Howie has also performed in ‘Good Grief’, ‘Lois & Clark: The New Adventures of Superman’, and ‘Bobby’s World’. Mandel has also appeared in a number of movies like ‘Walk Like a Man’, ‘Hansel and Gretel’, and more recently ‘Killing Hasselhoff’. Besides being an accomplished actor, he has also been the executive producer for a number of shows like ‘Bobby’s World’, ‘The Howie Show’, and ‘Deal with It’. He is a judge on the hugely popular ‘America’s Got Talent’ with Mel B, Simon Cowell and Heidi Klum. **Childhood & Early Life *Mandel was born on November 29, 1955, in Willowdale, Toronto, Ontario, Canada to Al Mandel and Evy Mandel. His parents were of Polish descent and Jewish. His father manufactured lightings and worked in the real estate. *While on a trip to Florida, as a child, a sand fly infected him with larvae and they grew visibly under his skin. While he got rid of the infection with the help of doctors and his mother, this would lead to severe OCD for the rest of his life. *He went to William Lyon...
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...Translated by Eden and Cedar Paul Collected & Compiled by Shashank A Sinha/GTS/CSC [Exclusive for News & Views Readers] A Young Girl's Diary 2 CONTENTS FIRST YEAR Age 11 to 12 SECOND YEAR Age 12 to 13 THIRD YEAR Age 13 to 14 LAST HALF-YEAR Age 14 to 14 1/2 CONCLUSION Collected & Compiled by Shashank A Sinha/GTS/CSC Exclusive for our News & Views Readers A Young Girl's Diary 3 PREFACE THE best preface to this journal written by a young girl belonging to the upper middle class is a letter by Sigmund Freud dated April 27, 1915, a letter wherein the distinguished Viennese psychologist testifies to the permanent value of the document: "This diary is a gem. Never before, I believe, has anything been written enabling us to see so clearly into the soul of a young girl, belonging to our social and cultural stratum, during the years of puberal development. We are shown how the sentiments pass from the simple egoism of childhood to attain maturity; how the relationships to parents and other members of the family first shape themselves, and how they gradually become more serious and more intimate; how friendships are formed and broken. We are shown the dawn of love, feeling out towards its first objects. Above all, we are shown how the mystery of the sexual life first presses itself vaguely on the attention, and then takes entire possession of the growing intelligence, so that the child suffers under the load of secret knowledge but gradually becomes enabled...
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...The Binet-Simon intelligence scale, which was finally created in 1905, contained problems in an order of increasing difficulty. These items included vocabulary, memory, common knowledge and other cognitive abilities. Binet tests were accepted widely around the world with the exception of France, which basically rejected the test. In In 1908 Binet and Simon revised the test and for each test item, Binet decided whether an average child would be able to get the question right. Thus he was able to differentiate between the chronological age and the mental age of a child. A child's mental age was determined by estimating a child's intelligence through comparison with the scores of average children of the same age. 1911 Binet and Simon were able to release there last publication of the test, which still wan't accepted in France. Binet continued to work on the revision of his intelligence test until his death in Paris on October 18, 1911. After Binet's death, Lewis Terman and his colleagues advanced on Binet's research and used the intelligence quotient as a method of computing someone's final score of the Binet-Simon test. As you can see if it wasn't for Alfred Binet we wouldn't have Intelligence quotients (IQ) tests the way they are today. While they aren't exactly perfect, because there is still biasness, it is still a basic framework of human cognitive ability. Possibly Binet's most important accomplishment was getting other psychologists interested in the normal human mind and...
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...Movie Critic Hum/150 6/6/2016 The film I chose to critique this week is the classic family comedy Home Alone (1990) directed by Chris Columbus. Leading actors in this film is eight year old Kevin McCallister played by Macaulay Culkin, along with Peter McCallister, the father, played by John Heard, Mrs. McCallister played by Catherine O’Hara, Marv, who is the first burglar, played by Daniel Stern, and Harry, the other burglar played by Joe Pesci. Other characters in this film are Buzz the brother, mean Uncle Frank, and creepy old man Marley. The title of the film hints to the audience that someone is home alone, but the viewer does not know what happens in the story until watching the film, which makes it more interesting. This film is about a large family who gets together for a Christmas trip to Paris, but the night before they leave there is a wind storm, which knocks out all of the power, which means their alarm clock does not go off, and they sleep in. This puts them in a mad rush to get to the airport, in turn leaving Kevin behind, and the rest continue on to a fun family adventure. One part of a filmmaker’s goal among others is to create the right mood through a believable mise-en-scene; different settings that took place in Home Alone were McCallister’s home, the airport, inside the airplane, church, a grocery store, the tree house, and Santa exhibit. The two filming locations used in this film were in Chicago, Illinois, and in Paris, France...
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...Alfred Binet was born as Alfredo Binetti on July 1857. Binet was born in France as the only child of a physician father and an artist mother. Binet was the only child and his parents were separated at a young age. Binet then moved to Paris at the age of 15 with his mother. He began his education in law and then graduated from law school in 1879. Binet wanted to enroll in medical school but he then become more interested in the field of psychology. He would read books by Charles Darwin, Alexander Bain and others. Binet then became a researcher. From the year 1891 to 1894 he was associated director of the laboratory of experimental psychology. In 1899 Binet was asked to be one of the members of the tree society for the psychology study of the child. In 1903 his book experimental studies was published. Binet was then appointed the director of the laboratory of experimental psychology in the year 1892. Binet and his colleague in 1905 then developed the Binet Simon intelligence scale which became the first intelligence test. This intelligence test concentrated on children with mental abilities such as memory and attention with learning disabilities. The Stanford Binet intelligence scale was developed in the year 1916 and then revised in the years 1937, 1960, 1986. The fifth edition was revised and available in the spring of 2003. The standard Binet intelligence scale is considered to be one of the best and most widely intelligence test used in the United States. Binet was posed by...
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...owners of the teams have many decisions to make. In the meantime there is no guarantee that there will be a 2011-12 NBA season. Between revenue sharing and the salary cap of the players, there are negotiations that are still going on. This is leaving the players to look elsewhere for a salary including playing overseas and playing for smaller salaries. The fans are getting restless as well making this lockout seem like it’s never going to end. The NBA lockout was a tough time for players, fans, and employees. The NBA lockout had many twists and turns and finally there was an agreement that was reached. What was widely presumed to be the league's last and best proposal in a labor standoff now into its fifth month, NBA commissioner David Stern offered his...
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...The 2011 NBA lockout was the fourth lockout in the history of the National Basketball Association (NBA). The owners began the work stoppage upon expiration of the 2005 collective bargaining agreement (CBA). The 161-day lockout began on July 1, 2011 and ended on December 8, 2011. It delayed the start of the 2011–12 regular season from November 1 to December 25, and it reduced the regular season from 82 to 66 games. The previous lockout in 1998–99 had shortened the season to 50 games. During the lockout, teams could not trade, sign or contact players, and players could not access NBA team facilities, trainers or staffs. Negotiations between the owners, led by commissioner David Stern, and the players, led by director Billy Hunter and president Derek Fisher of the labor union National Basketball Players Association (NBPA), began in early 2011 and continued through November. The main issues dividing both sides were the division of revenue and the structure of the salary cap and luxury tax. Owners proposed to reduce the players’ share of basketball related income (BRI) from 57% to 47%, but the players countered with 53% of BRI. Owners wanted to implement a hard salary cap and a harsher luxury tax, hoping to increase competition among teams, whereas players wanted to keep the current soft salary cap structure intact. As both sides failed to reach an agreement, the NBA canceled the preseason and all games through December. On November 14, the players dissolved the union, allowing them...
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...“What do we do with Howard?” Synopsis: Tad Pierson had recently been appointed as a project engineer. As project engineer for one of Agrigreen’s plants, he is responsible for the operation of the plant surveying group. For some time now Tad had been aware of some performance, safety, and conflicts with personnel within the group. These issues appear to be escalating in frequency and are causing Tad concern regarding the safety of the employees, the production schedules, and possible actions that he might need to take. Agrigreen, Inc. is a company that manufactures a verity of agricultural fertilizer. With plants located in the western United States and Canada, Agrigreen employs certified surveyors to ensure quality and safety of each project. Eighteen years ago, Agrigreen’s survey crew was composed of part-time drafting personnel or project engineers. Howard Lineberry, a lead surveyor had been employed with Agrigreen for eighteen years. Over his tenure he had been supervised by five different managers, and had three surveyor’s helpers. Howard’s work over the years has caused multiple safety and production issues. He has also had conflicts with the engineering staff, his managers, and almost everyone he worked with. Mel Cutler, a surveyor’s helper, after being employed by the company for only a few years was assigned to assist Howard. Five years into this assignment, Mel began to notice problems due to Howard’s note keeping method. These problems contributed to...
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