...operating decision maker to make decisions about resources to be allocated to the segment and assess its performance. 3. c. Its discrete financial information is available For SEC reporting purposes we find guidance from ASC 280-10-50-11 regarding aggregation criteria as well as 280-10-50-12 which sets forth the qualitative thresholds. The nature of the entire business in which the company operates in is very similar from the type of customer they serve to the service they deliver everything is very standardized. So after careful analysis I have determined that the aggregation criterion is met. The threshold requirements have been met by certain operations in the company; upon analysis of the information provided it was determined that Big Islands Georgia, Big Islands North Carolina, Big Islands Washington, Still Water Thrills Orlando, Island Adventure Cove, and Still Water Thrills Charlotte all exceed the quantitative threshold of ten percent of total profits and must be reported separately from the remaining parks. As for the other parks that do not exceed the quantitative threshold of ten percent they can be aggregated to meet the quantitative threshold. To conclude the Big Islands must report separately any segment that exceeds ten percent of revenues for the entire company, any park...
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...total of seven operating segments that are in accordance with the information listed about operating segments. The seven segments include Shampoo, Cosmetics, Diapers, Paper Towels, Jazzy Juice, Blasto Energy Drink, and Fruit & Granola Snack. According to ASC 280-10, a reportable segment is an operating segment or an aggregation of two or more segments that exceeds certain quantitative thresholds. In regards to Sell-It Products Inc., there are four reportable segments which include Cosmetics, Paper Towels, Blasto Energy Drink, and Jazzy Juice Juice and Fruit & Granola Snack. The threshold test that was performed was the revenue test which means that the segments revenue must be at least 10 percent of combined revenue of all segments. Although Jazzy Juice and Fruit & Granola Snack did not pass the revenue test, I made an exception for them because they have similar characteristics when compared to each other. I categorized them as aggregated. Together, they meet the threshold for the revenue and are now considered a reportable segment. As for Diapers and Shampoo, they did not meet the threshold for the revenue test separately and they are completely different. I could not combine them based on characteristics to consider them as a reportable segment...
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...Material Deprivation in Selected EU Countries According to EU-SILC Income Statistics Stávková Jana, Birčiaková Naďa, Turčínková Jana Abstract The article deals with issues of households at risk of poverty in relative conception. Income poverty means a situation when the threshold of 0.6 of median income is not achieved. The analysis of a broader definition of poverty is based on identification and assessment of material deprivation factors, including: financial stress, housing conditions, availability of consumer durables and basic needs. Data sources are based EU-SILC dataset. Presented analysis is focused on selected EU countries, namely Czech Republic, Finland, France, Spain and United Kingdom. The result identifies the problem areas that cause deprivation symptoms. Key words: EU-SILC, income, material deprivation, poverty 1. INTRODUCTION According to Delors and the EU (Marketing journal, 2011) competitiveness means a country’s ability to provide their citizens with a high and growing standard of living and employment to all who want to work. In the global definition of competitiveness, the three important and irreplaceable pillars are health, quality of education and the labor market, thus pillars dependent on labor force. Marketing and production oriented perceptions of competitiveness are based on the premise that consumers focus on competitive advantages of products in their shopping decision-making. Significant limitation to cosumers is presented by...
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...THE EC-PHILIPPINES STRATEGY PAPER 2007-2013 i TABLE OF CONTENTS LIST OF ABBREVIATIONS .......................................................................................... iii EXECUTIVE SUMMARY............................................................................................... 7 1. COUNTRY ANALYSIS ............................................................................................ 9 1.1. Analysis of the political situation...................................................................... 9 1.2. Analysis of the economic situation.................................................................. 11 1.3. Trade structure ................................................................................................ 13 1.4. Analysis of social developments...................................................................... 14 1.5. Analysis of the environmental situation......................................................... 16 2. THE PHILIPPINES’ POLICY AGENDA ............................................................ 17 2.1. The Medium Term Philippine Development Plan ........................................ 17 2.2. Assessing the reform process .......................................................................... 17 2.3. Cross-cutting issues: human rights, gender, governance ............................. 19 3. OVERVIEW OF PAST AND ONGOING EC COOPERATION, COORDINATION AND COHERENCE ........................................
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...to collect information on the various questions I have put before you. This assignment would not have been possible without you. I thank you all. INTRODUCTION This Internal Assessment (I.A) will examine major factors that impinge on the issue of poverty, the analysis of which relates to problems of social integration of all members of society in the Caribbean. In its preparation, use has been made not only of the most recent data, but also of data relevant to periods, such as to detect trends of social development in terms of poverty and the direction of the process of social integration. This I.A. investigates the causes and effects, and solutions to, Poverty. Poverty is the state or condition of having little or no money, goods or means of support. The point of this I.A. is to find out the causes and effects of Poverty. This I.A. will outline the statement of the problem/aims, reasons why I chose Poverty, method of investigation, instrument of data collection/questionnaire, procedure for data collection, presentation of data, interpreting/analysis of data, findings/conclusions and recommendations. Numerous studies have been undertaken for the purpose of assessing poverty and developing strategic plans for its reduction. However, few have been undertaken for the purpose of determining which groups are not really integrated into society’s development and the reasons why this occurs. Therefore...
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...Measurement of poverty By Name: Course code+ Name: Professor: Institution: City and State: Date: Measurement of Poverty Over the past few decades, there have been dramatic socio-economic and environmental changes around the globe. This has affected phenomena such as growth of the population, rapid urban development, and increased levels of poverty (D’Ambrosio, Deutsch and Silber, 2011). It has also influenced the changes in climatic conditions, increased natural calamities which impact the socio-economic development in different parts of the world. As a result, more people have been exposed to the negative effects of the occurrence of different hazards (D’Ambrosio, Deutsch and Silber, 2011). This leaves the affected populations suffering in poverty, thus increasing their numbers. Increased levels of poverty led to the formation of policies by the United Nations to combat the rising cases of poverty with the aim of reducing the number of people living in poverty by halve before the year 2015. Formulation of the millennium development goals which features the quantitative objectives and indicators set to measure the progress towards the war on poverty eradication took course. To establish the level of poverty in the society, therefore, measurement should be performed severally using a number of available tools (Davidson and Duclos, 2000). This will aid in determination of the extent of its effects throughout the world. This paper aims at discovering the major...
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...Isn't it obvious that a country can have childhood poverty which numbers are not that higher however, it can be much uglier. An example can be United States. If we take a look at U.S today, 22% of the children live in families that are below the Federal poverty level. According to a new study from the urban Institution, before they trun into 18 years old, almost 40% of the American children spend at least one year in poverty. While a current analysis of poverty trends might find a lower rate of children living in penury, that doesn't capture the fluid nature of people's lives, with many lower-income families bouncing slightly above the poverty line -- just under $24,000 for a family of four -- before sinking below the threshold in other...
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...Under what economic conditions are children living across the United States? Child poverty and its misfortunes By: Racheal H. Caldwell A Paper Presented in Partial Fulfillment Of the Requirements of CST5006 – Survey of Research Methodology Racheal H. Caldwell May 2013 Address: 22-04 Collier Ave Apt 5H Far Rockaway NY 11691 Phone: 347-985-6673 Email: racheal_caldwell@yahoo.com Instructor: Kathy Blaydes Abstract The United States economy is going through a phenomenon described as “globalization” of an economy or global competition. A very large part of global competition involves the development of a strong labor force, and this development starts with the nurturing of children (Ozawa, Soo, & Kim 2004). A great challenge lives in the United States and by international standards; the United States has the highest proportion of children in low income families than any other industrialized country (Smeeding, Torrey, & Rain 2002). It is believed that the reasoning for children’s income status being relatively low is due to adults and the elderly. In the proposed research, we will: examine the published research on child poverty that impacts social and behavioral studies and define the scope and nature of problem and discuss strategies for solving this problem. Qualitative and quantitative research approaches will be used to examine diverse perspectives and factors associated with child poverty. In addition, we will summarize key findings of research and...
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...Medical Out-of-Pocket Expenses, Poverty, and the Uninsured∗ Kyle J. Caswell† and Brett O’Hara SEHSD Working Paper 2010-17‡ U.S. Census Bureau Washington, D.C. December 29, 2010 Abstract The National Academy of Sciences (NAS) Panel on Poverty and Family Assistance argued that the current official U.S. poverty measure should be updated to capture changes in the population’s healthcare costs and needs; families with sufficiently high medical out-ofpocket (MOOP) expenditures may be ‘poor’ even though they are not counted as such. This research offers three distinct advances toward achieving the NAS recommendations as they concern MOOP spending. Firstly, this paper uses the newly collected MOOP expenditure data from the CPS ASEC, and analyzes its quality vis-` -vis alternative sources. Secondly, a poverty estimates that incorporate the MOOP spending data from the CPS ASEC are produced in such a way as to be consistent with the NAS recommendations. These direct estimates are an improvement over previous estimates, conditional on obtaining high-quality data, because modeling MOOP expenditures from other surveys is not needed. Third, this paper investigates how the distribution of MOOP expenditures, and the poverty estimates, change when it is assumed that the uninsured have the spending patterns of the insured. The main results are: 1) the new MOOP expenditure data is high quality; 2) incorporating observed MOOP expenditures increases the incidence of poverty across the population...
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...Poverty Student’s names Professor’s name Course Title Poverty Poverty is a state of not accessing basic needs such as food, clothing, and shelter. Poverty is primarily caused by hunger, illness, and thirst and affects the entire society by generating many problems and making people to live substandard lives. It is normally classified in absolute and relative poverty. Absolute poverty refers to a state of not being able to obtain basic needs such as food, shelter and clothing that are very important in sustaining life. Relative poverty, on the other hand, is a state of not being able to obtain resources in relation to a certain mean resource and normally applies to people who are not able to meet societal social needs. According to Townsend (1979), a family is considered to be in relative poverty if it is not able to afford the required diet, get involved in societal activities, and use basic health and educational facilities. Problems connected to poverty bring political, economic, and social disorder in the society. There are two theories that apply to poverty; conflict theory and structural theory. Conflict theory explains that poverty leads to class conflict in a society (Giddens & Simon, 2006). This comes as a result of the oppression of the poor by the rich. It says that conflict must remain in order to create a positive change in the society and that the wide gap between the rich and the poor is very significant. Structural function...
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...January 16, 2011 Challenges to Domestic and International Poverty Policy The most recent Census Bureau statistics on poverty rates in the United States calculate that 14.3% of Americans were living in poverty in 2009, up from 13.7% in 2008. That corresponds to 43.6 million people living below the poverty threshold compared to 39.8 million the previous year, the third consecutive annual increase. (US Census Bureau) These numbers increase even further when using new standards suggested by the National Academy of Sciences in a 1995 report. These figures, released as an unofficial “Supplemental Poverty Measure” set the 2009 rate at 15.7%, or more than 47.8 million people. (Short, US Census Bureau) The global rates are even more astonishing, with Globalissues.org reporting World Bank data that has roughly 40% living on less than USD$2 per day, and a stunning 80% living on less than USD$10 per day in 2005. UNICEF estimates that 22,000 children under five years of age die of preventable diseases every single day. These are all sobering statistics, making the ravages of poverty both more concrete and more difficult to accept. An exploration of poverty, both domestic and international, involves a variety of fields and methods, from statistics to sociology, political science to psychology, and more. Such a multi-disciplinary topic allows for a wide range of different perspectives, and an array of different approaches. As we see with the two different sets of data from the...
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...2009 Sheila Rogers SOC 402, Professor Henson The Social Problems of Poverty and Crime Every year the U.S. Census Bureau issues a report that details poverty in the United States. It provides statistics on how many people are poor and breaks the report down among age, race, region and by family type. Families are considered poor if their annual salary or income falls below whatever the federal measure of poverty is which is also recalculated each year. The institute for research on poverty stated that the poverty threshold for a four person family with two children in 2007 was $21,027. The threshold for one individual under age 65 was $10,787 and for an individual 65 and over the threshold was $9,944. (www.irp.wisc.edu) Poverty is most notable among blacks and Hispanics. The poverty rates in these groups of individuals greatly exceed the average. The rates remained near 30 percent in the 1980s and mid-1990s. In 2000 the rate dropped to 22.1 percent for blacks and 21.2 percent for Hispanics. For children under 18,18 percent or 13.3 million children lived in poverty. The poverty rate for families was 9.8% in 2007 which was equivalent to 7.6 million families who were living in poverty. The level of poverty is also affected by where people live. In 2007 the South was the greatest at 14.2 percent and the Midwest, Northeast and...
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...in a world conducive to developing their God-given potential and dreams. Not all children are given equal opportunity. "Their economic and social development will be primarily influenced by the opportunities their parents, community, and society provide" (Lindsey, 2009, p. 3). What defines childhood poverty? The Organization for Economic Cooperation and Development (OECD) defines child poverty as "a child is deemed to be living in relative poverty if he or she is growing up in a household where disposable income, when adjusted for family size and composition, is less than 50% of the median disposable household income for the country concerned" (Garofalo, 2012, p. 1). The United States Census Bureau for 2011 qualified the poverty threshold for a family of four as $22,281 annual income (United States Census Bureau [USCB], 2011). According to the Office of Research at the United Nations Children's Fund (UNICEF) Twenty-three percent of children in the United States are living in poverty. The United States ranked 34 out of 35 developed countries surveyed. One of only two countries with a child poverty rate above 20%. Their findings are summarized in the following Table...
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...How are different governments trying to solve poverty compared to Hong Kong’s in the past 10 years? What is poverty? Poverty is about not having enough money to meet basic needs including food, clothing and shelter. However, poverty is more, much more than just not having enough money. In addition to a lack of money, poverty is about not being able to participate in recreational activities; not being able to send children on a day trip with their schoolmates or to a birthday party; not being able to pay for medications for an illness. These are all costs of being poor. Those people who are barely able to pay for food and shelter simply can’t consider these other expenses. Global perspective Many countries around the world have people living under the poverty line. But many countries in Africa are suffering major cases of poverty. There are other bigger countries that suffer major cases of poverty such as India and China. In this essay I will be focusing on how India, China and the United States of America try to solve poverty in their countries. The United States of America has a population of 317,128,000, which is the third biggest country in the world after China and India. In 2008 35% if the American population lived in poverty and now in 2013 around 15% live in poverty which a huge improvement. Kiryas Joel, New York is a city in the United States, which has the lowest GDP (Gross Domestic Product), with a population over 10,000. The main reasons people...
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...R. A E E 1 Professor Dr. L. Hamilton SOC 106 11/25/13 Section 1: Growing up in poverty Poverty is everywhere, It is in every race and every country. A child that grows up in poverty is largely at risk because he or she may speak another language, or be less healthy, or has even been abused in one way or another. When children are in the school system and they are labeled “at-risk” and that means that the student comes from a low-socioeconomic level or speaks another language. Today, there are more single parents, dual earner couples, and parents with more than one job living in both rural and urban areas in the United States than at any other time in history. Statistics show there is approximately one in five American children who live below the national poverty level (Causes of Poverty). In today’s society, many people live below the poverty line and those numbers continue to increase because of our high unemployment rates. The Census Bureau reported that 12% of Americans live in poverty. According to the Department of Health and Human Services, the poverty level in 2009 for a family of four was $22,050. With today's unfortunate down turn of events in our economy, many families struggle to earn and still do not come close to that level. Welfare reform in the United States may pressure single mothers to be gainfully employed even though child care is extremely expensive and the mother may only have an income of minimum wage. At-risk children face so many seemingly...
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