Student Business and Milton Friedman Essay Example

Student: Business and Milton Friedman Essay This is a research of analyzing the statement of Milton Friedman, which was posted on the New York Time in 1970. Following his idea we can see that the business need to do the best to increase its profit which he called that is social responsibility. However the changing of the world has denied his idea of social responsibility of a business by figure out the demand from consumer or shareholder, high pressure of the globalization to business. All of that factors has change the culture and the vision of business in the last decade. In the other hand, Milton Friedman had a forever right idea which is a business must â€Å"stays within the â€Å"rules of the game†Ã¢â‚¬ . Although his idea of social responsibility has been denied, the idea of a business must follow the rules and regulation will have been right. I. Introduction â€Å"There is one and only one social responsibility of business – to use its resources and engage in activities design to increase its profits so long as it stays within the rules of the game†¦Ã¢â‚¬  (Milton Friedman, 1970) According to the statement of Milton Friedman at the time of 1970, his vision of business is about the using the resources of the company in activities to design to increase its profit as long as possible. Milton Friedman has described business as a game that has the rules that every businesses must follow to survive and to win the game. We will write a custom essay sample on Student: Business and Milton Friedman specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Student: Business and Milton Friedman specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Student: Business and Milton Friedman specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Base on the statement of Milton Friedman we can recognize the significant factor of a business to be run smoothly and strongly is not only engage in increasing its profit but also follow the rules which considered as laws or legislation of the market that it taken in. In the other point of view, the game in the statement of Milton Friedman can be seen as the area or the countries that a business is joining which each of the area or country has its own rules. There for, business must â€Å"stay within the rule of the game†. II. From a perspective accounting, what are the â€Å"rules of game† that businesses must follow? From a perspective accounting, the rules of game that business must follow are the three level of accounting which are rules of Company legislation, Accounting standard and Stock exchange which apply to accounting entities. 1. Company legislation Company legislation applies to all companies, although public companies have more stringent rules than private companies. Specifically companies are required to present to share holders at an annual general meeting audited statements which comply with accounting standard. There are some company legislations, which are created by Australia Accounting Standard Board (AASB). For instant: First-time Adoption Of Australian Accounting Standards (AASB 1): This compiled Standard applies to annual reporting periods beginning on or after 1 January 2013 but before 1 July 2013. Early application is permitted. It incorporates relevant amendments made up to and including 18 December 2012. Prepared on 29 April 2013 by the staff of the Australian Accounting Standards Board. The objective of this Standard is to ensure that an entity’s first Australian-Accounting-Standards financial statements, and its interim financial reports for path of the period covered by those financial statements, contain high quality information that: a) is transparent for users and comparable over all periods presented; b) provides a suitable starting point for accounting in accordance with Australian Accounting Standards; and c) can be generated at a cost that does not exceed the benefits. (Source from Australian Accounting Standards Board 2013) . Accounting standard Accounting standard are the accounting rules that accounting entity need to follow in reporting the financial statement. Accounting standard concerns with how assets and liabilities should be measureed in identified in the statements. Traditionally each country develop it own standard. In Australia, every business entity need to follow the Australia accounting standard which is set by Austrailia Accounting S tandard Board (AASB). Here are the two accounting standard set by AASB: Statement of Cash Flows (AASB 107) This compiled Standard applies to annual reporting periods beginning on or after 1 January 2013 but before 1 July 2013 for for-profit entities. It takes into account amendments up to and including 18 December 2012 and was prepared on 10 May 2013 by the staff of the Australian Accounting Standards Board (AASB). Information about the cash flows of an entity is useful in providing users of financial statements with a basis to assess the ability of the entity to generate cash and cash equivalents and the needs of the entity to utilize those cash flows. The economic decisions that are taken by users require an evaluation of the ability of an entity to generate cash and cash equivalents and the timing and certainty of their generation. The objective of this Standard is to require the provision of information about the historical changes in cash and cash equivalents of an entity by means of a statement of cash flows which classifies cash flows during the period from operating, investing and financing activities. (Source from Australia Accounting Standard Board 2013) Property, Plant and Equipment This compiled Standard applies to annual reporting periods beginning on or after 1 January 2013 but before 1 July 2013. It takes into account amendments up to and including 10 September 2012 and was prepared on 10 May 2013 by the staff of the Australian Accounting Standards Board (AASB). The objective of this Standard is to prescribe the accounting treatment for property, plant and equipment so that users of the financial statements can discern information about an entity’s investment in its property, plant and equipment and the changes in such investment. The principal issues in accounting for property, plant and equipment are the recognition of the assets, the determination of their carrying amounts and the depreciation charges and impairment losses to be recognised in relation to them. (Source from Australia Accounting Standard 2013) 3. Stock exchange A  stock exchange  is a form of  exchange  which provides services for  stock brokers  and  traders  to trade  stocks,  bonds, and other  securities. Companies, which are listed on a stock exchange market must comply with the stockexchange financial disclosure requirement. These companies need to follow the rules and regulations of trading in stock exchange which are forced by the government. This is an example for rules of stock exchange which are set by AASB. Fair Value Measurement This compiled Standard applies to annual reporting periods beginning on or after 1 January 2013 but before 1 July 2013. It takes into account amendments up to and including 18 December 2012 and was prepared on 10 May 2013 by the staff of the Australian Accounting Standards Board (AASB). This Standard: (a) defines fair value; (b) sets out in a single Standard a framework for measuring fair value; and (c) requires disclosures about fair value measurements. 2 Fair value is a market-based measurement, not an entity-specific measurement. For some assets and liabilities, observable market transactions or market information might be available. For other assets and liabilities, observable market transactions and market information might not be available. However, the objective of a fair value measurement in both cases is the same – to estimate the price at which an orderly transaction to sell the asset or to transfer the liability would take place between market participants at the measurement date under current market conditions (ie an exit price at the measurement date from the perspective of a market participant that holds the asset or owes the liability). 3 When a price for an identical asset or liability is not observable, an entity measures fair value using another valuation technique that maximises the use of relevant observable inputs and minimises the use of unobservable inputs. Because fair value is a market-based measurement, it is measured using the assumptions that market. (Source from Austrailia Accounting Standard Board 2013) Therefore, in an accounting perspective, the â€Å"rules of the game† that businesses must follow are the rules and regulation in three levels of acting. Those rules and regulations are the standards that all business must go behind to ensure their business is going within the circle of businesses rules. In the other hand businesses need to have ability to keep update on legislative and regulatory matters and changes, and determine the effects on business performance, mangement planning and decision-making. III. In the current environment, is Milton Friedman’s statement as relevant in 2013 as it may have been in 1970? â€Å"There is one and only one social responsibility of business – to use its resources engage in activities designed to increase its profit so long as it stays within the â€Å"rules of the game † (Milton Friedman, 1970) This is the statement of Milton Friedman which was posted on New Times Magazine, 1970. This famous statement has became the debated and conflicted topic until now. Carefully reading this statement, we see the two points of a business need to consider from Milton Friedman. Firstly,we will analyze the statrment of â€Å" one and only one social resposibility of business – to use its resources to engage in activities designed to increase profit † what we can directly understand of this statement is about the significance of the profit to a business due to its social responsibility. Milton Friedman asserted that â€Å"one and only one social responsibility† of a business is to increase its profit. We can deny that in business, a company need to get the profits to support for its survival and development. Yes, profit is the blood of the company however in modern business this idea is not so true at all. Nowadays, people is thinking more and more about the â€Å"social responsibility† of a business which is not as simply as it was in 20th decade which business’s social responsibility is to increase profit. In another point of view, business is presently facing an uncertain competitive environment with multiple demands and pressures from customers and numerous stakeholders. In modern business, people are now more concerned about ethics business, environmental responsibility and community responsibility which are changing due to the demands and need of consumers as well as the globalization. Ethics business concern about serious and high-profile breaches of corporate ethics resulting in damage to employees, shareholders, communities, and the environment—as well as share price—have contributed to elevated public mistrust of corporations. Therefore, demand for companies that are ethically governed is up. Sometime, people think that businesses, need to have obligation to contribute to community, society become increasingly expect business to have obligation to the society that it is located, the obligation to its employees and customers that it serves. Environmental responsibility is the obligation of a business need to have to the environment. For example of Exxon in 1989, in an accident of oil spill Exxon come into a depress situation of decreasing in sale volume. Therefore, Exxon needed to take responsibility to fix their mistake to recover after the scandal. In this point of view, a business MUST have the responsibility to environment that they take their business in. Environment responsibility nowadays is becoming a serious problem that people most pay attention which is considered as a significant obligation of the social responsibility. Community responsibility of a business came into people’s mind as the ethics and morality in business. The community responsibility is relevant to the human-being treatments which the behaviors of employers to employees is also a consideration. China, the paradise of labors which is now the biggest factory in the world. In some times, Chinese labors face to very bad employers who give them terrible working condition and poisonous working environment without any protect equipment and end of the month they just give them a small amount of salary in some companies they not even give money to the workers in 3 or 6 months. Therefore, businesses are now facing with many responsibilities that they to assume. Consequently, social responsibility is raising many arguments and debates in worldwide. What business do, they should thinking about their responsibility wisely. Because in the modern economy environment, the definition of social responsibility is not as correct as Milton Friedman said â€Å"†¦one and only one social responsibility of business – to uses its resources engages in activities design to increase its profit†¦Ã¢â‚¬  the demands of shareholder and pressures from consumer and the globalization has taken business into a higher social responsibility that they should follow. The other idea that we need to look at Milton Friedman’s statement is the â€Å"rule of the game†. Milton Friedman has described business as a game which has the rules that every businesses must follow for its survival and victory of the game. Base on the statement of Milton Friedman we can recognize the significant factor of a business to be run smoothly and strongly is not only engage in increasing its profit but also follow the rules which considered as laws or legislation of the market that it taken in. In the other point of view, the game in the statement of Milton Friedman can be seen as the area or the countries that a business is joining which each of the area or country has its own rules. There for, business must â€Å"stay within the rule of the game†. The world is now gradually getting acquainted to globalization. Globalization is now changing the way of business in over the world. But there are some barriers that international business need to put their mind on is the rules and the regulations are different among countries. Even the material fish in Vietnam is very low but they must follow the rules of USA to increase the selling price when Vietnamese fish come into their market. They are the rules and regulation that business have to research and must follow in a market/country, especially with the international businesses. In my opinion, due to the statement of Milton Friedman business must â€Å"stays within the â€Å"rules of the game†¦Ã¢â‚¬  has been a extremely correct idea until now. Businesses – they need to know and must obey the regulation in any way to survive in the economy. According to Friedman statement we can see that the world may change for some situations but following and complying the rules and regulation to survive had been never wrong. Basically, human community are living in the rules of nature as well as businesses survive in the â€Å"rules of the game†. IV. Conclusion To cut a long story short, there are two main ideas of Milton Friedman in his statement that we need to think about. Firstly, meaning of the first part of this statement is to emphasize the social responsibility of a business. It is clearly that the modern economy requires the business to have more social responsibility on what it does to make and increase it profit. The demand and high pressure of globalization on business enquire the adoption to have more obligation and duty to society such as environment, community or even thinking about ethic business. Moreover, business is now moving to the trend of humanity in which people believe that a good business should keep going on having good social responsibility beside its first target of increasing its profit. Secondly, this statement gives us a wonderful vision of Milton Fried about doing business and in my opinion, it will be never change until there is no business exist on earth. Because of the differentiation of geography, cultural and economic factors there always many rules of business in different market that they join in. Therefore, businesses need to research and follow the rules and regulation of the market or the country that enter. In addition, Milton Friedman has described the market/country as a game which has its own â€Å"rules of game† for the players who is the business. In the other hand, the modern economy asks business to keep â€Å"up to date† on legislative and regulatory matters and changes, and determine their effects on business performance, management planning and decision-making. Whatever the business do is just for the final goal which is to increase its rofit but forever and never a business can be success without staying within the â€Å"rules of the game†.

20 Microbiology Dissertation Topics

20 Microbiology Dissertation Topics Previously, we discussed 10 facts for dissertation on microbiology in our first guide on this topic. We’re confident that these facts must have allowed you to grasp some credible information on microbiology, on which you can start writing immediately. To make things easier, we have included two more guides for you. In this second guide you’re going to get acquainted with 20 microbiology dissertation topics relevant to microbiology. This will help you in writing your thesis as you will not have to scratch your head searching for ideas. Many students just don’t know where to start, which is why these topics can come in handy. Furthermore, we have also included a short sample dissertation essay. This sample essay would allow you to know how a dissertation is structured. We have also stated some references to help you find more information on a specific topic if you decide to choose it for your dissertation. After you’re done reading this guide, we highly recommend you to read the last guide, how to write a good dissertation on microbiology, which would definitely help you compose a stellar dissertation paper. Without further ado let’s pay attention to our topics: A Microbiological Analysis of Shea Butter Sold in Washington, US A Dissertation Paper on Tapeworms and The Dangers Associated With Them A Microbiological Characterization of Ebola Virus The Spreading of Influenza in World War II and its Effects on the War Cellular Microbiology: The Use of Restriction-Modification (R-M) The Clinical Outcomes of Mycobacterium Tuberculosis Infections Applied Microbiology: How Microorganisms can Generate BioFuels The Aetiological Agent of Johnes Disease: Mycobacterium Avium Subsp. Paratuberculosis aka MAP – The Most Important Bacterial Pathogen in Ruminants How the Study of Microorganisms Has Prevented Life-Threatening Diseases The Important Role of Microbiology in Pharmaceutical and Food Industries The Invention of Microscope and the Impact on How we Know Microbiology A Dissertation Paper on the Fermentation of Starch and The Activities and Specificities of Enzymes in it A Study on Microorganisms Found in Onions The Correlation of Malaria and Some Species of Plasmodium (a Microorganism) A Study in Microbiology: The Diagnoses of Human Immunodeficiency Virus (HIV) A Study on Bacterias that can Withstand One of the Most Powerful Antimicrobial (Antibiotics) without Hassle A Microbiological Study on the Effects of Obesity on Patients with High Blood Pressure A Microbiological Study on How Yogurts are Commercially Prepared in New York A Dissertation Paper on Wetland Bacteria, its Properties, and its Functionalities A Thorough Research and Study on Cyanophycin: a Bacterial Polymer There you have it! These topics surely have opened up your mind towards writing your dissertation paper. To make things even easier, we have chosen one of the topics mentioned above, to provide you with a short dissertation sample essay, so you can have quite a good idea on how it’s structured: Sample Essay on the Invention of Microscopes around 1590 that Opened a Whole New World of Microorganisms For over a millennia, humans could see nothing smaller than the thickness of their hair, until around the 1590, when the microscope was invented. Through this pioneer instrument, humans were able to see previously hidden world of microorganisms – living in foods we eat, water we drink and even the air we breath in. But there is a problem in the history itself; Nobody knows for sure who invented the microscope, but there are three geniuses, who are mentioned as the inventors of this incredible instrument: Hans Janssen and Zacharias Janssen. These two brilliant inventors are known to have worked as a father-son team. However, there is a third name as well. Many historians claim the inventor to be the famous Hans Lippershey, known for filing the first patent for a telescope. Coincidently, the Janssens were living in the same town where Lippershey was living in. However, the letters of Dutch Diplomat William Borrell, initially sent to the physician of French King, stated that Zacharias Janssen talked about the microscope. But it was only talking, and the invention was really seen years after. At the time of the letter, which was in the early 1590s, Zacharias was also a teenager, so the historians argue about that too. Nevertheless, whoever invented this instrument, did a marvelous job. The first microscope was a significant milestone, but it needed improvements that were obtained thanks to the names like Galileo, Robert Hooke, Antonie van Leeuwenhoek, Robert Koch, Ernst Ruska and Max Knoll. However, the correct time when microscopes evolved was in the beginning of the 21st century when Ernst Ruska and Max Knoll invented the electron microscope, which is now used worldwide. This particular lens could resolve objects that were smaller than the wavelength of visible light, which had become the barrier of previous microscopes. The electron microscope has revolutionized the study of micro-organisms. Today, a variety of microscopes can be found in labs, including but not limited to: reflecting microscopes, ultraviolet microscopes, confocal microscopes, phase contrast microscopes, and even some modern microscopes that can show a single atom. In simple words, the invention of microscopes didn’t only give rise to the study of microorganisms, which we call microbiology, but it also revolutionized other aspects of science and had helped scientists in researching and developing their theories. Due to the invention of microscope, microbiologists can now figure out which bacterias are actually needed for human survival and which are not. Through the use of a microscope, microbiologists can also understand how pathogens (the harmful bacteria) work, and how this form of bacteria can be safely exterminated. Due to this innovation, we are creating new milestones in the world of medicine and have eradicated several diseases from the face of this earth. We are also working on cures for cancer and HIV due to these technological advancements. Great! Now you have the topics, as well as a sample essay to give you a head start in composing your dissertation paper. Let’s head on to our final guide to get to know how a dissertation is actually written and structured. References: Mouton, J. M., Helaine, S., Holden, D. W., Sampson, S. L. (2016). Elucidating population-wide mycobacterial replication dynamics at the single-cell level. Microbiology. Drancourt, M., Michel-Lepage, A., Boyer, S., Raoult, D. (2016). The Point-of-Care Laboratory in Clinical Microbiology. Clinical microbiology reviews, 29(3), 429-447. Nunes-Alves, C. (2016). Applied microbiology: Shining a light on biofuels. Nature Reviews Microbiology, 14(2), 63-63. Attar, N. (2016). Cellular microbiology: Damage limitation after friendly fire. Nature Reviews Microbiology, 14(3), 130-130. Rathnaiah, G., Bannantine, J. P., Bayles, D. O., Zinniel, D. K., Stabel, J. R., Grà ¶hn, Y. T., Barletta, R. G. (2016). Analysis of Mycobacterium avium subsp. paratuberculosis mutant libraries reveals loci-dependent transposition biases and strategies for novel mutant discovery. Microbiology, 162(4), 633-641. Forchhammer, K., Watzer, B. (2016). Microbiology Comment. Microbiology, 162(5), 727-729.

Annie John by Jamaica Kincaid Position Paper Essay

Annie John by Jamaica Kincaid Position Paper - Essay Example Mrs. John distanced herself from Annie and Annie also became rebellious. The book ends when Annie leaves for England. She also leaves behind her strained relationship with her mother. This essay traces the gradual degradation of their relationship. The incidents chosen for discussion are on Annie's desire to play with the trunk, her carelessness in laying the bedspread, her doing things differently from her mother, her dream, the name-calling, the physical maturity that alienates Annie from her parents and her final parting from her family. Annie started experiencing the rift in her relationship when her mother distanced herself from Annie. During her early years, Annie had a dependent relationship with her mother. They did many things together and enjoyed spending time together. For example, they used to enjoy looking at the mementos in their trunk which included clothes that Annie wore from her infanthood. When Annie turned twelve years old, her maturity made her mother cease doing this. When she suggested to her mother to look through the trunk, Mrs. John replied in the negative. Annie wrote that; 'A person I did not recognize answered in a voice I did not recognize, "Absolutely not! You and I don't have time for that anymore."' (Kincaid 27). Mrs. John's refusal changed Annie's close relationship with her mother ceased because she felt shocked, disappointed and hurt when she said that 'the ground wash out from under me.......' (Kincaid 27). Mrs. John decided to wean Annie off from her so she enrolled Annie to learn new things like manners and piano lessons. The narration hinted that Mrs. John was very angry, ashamed and disgusted when Annie was disobedient to her teachers' instructions. Mrs. John often expressed her disapproval of Annie by turning down her mouth. She also said that Annie would have to live in her own house and choose her own ways. She wanted Annie to be prepared for this to happen in the future. The mother and daughter relationship had shifted from its old comfortable ways. Annie did not have the security of living with her mother forever since Mrs. John told her that she expected Annie to grow up and move away. Annie realized this too and this strained her close relationship with mother. Annie's close relationship with her mother was constrained because she reached maturity. She could fathom her mother's disapproval or resentment and thus deliberately avoided her. For example, when Annie had laid her bedspread in a lopsided way that did not place the embroidery in the centre of her bed. The flower had an intricate design that had to occupy a central position when laid flat out on the bed. Mrs. John made a fuss about this and reprimanded Annie for being careless. Annie agreed with her and was silent because she could have felt alienated and isolated from her mother for displeasing her. She kept out of her mother's way to avoid further confrontation. (Kincaid 30). Annie's growing maturity made her aim for independence in her relationship with her mother. She thought she could achieve that by being different from her mother or rebellious with her mother. Annie strived to antagonize her by doing things that she could not tolerate. (Kincaid 87). Annie and her mother had become hypocrites and had

Cardiopulmonary Resuscitation Essay Example | Topics and Well Written Essays - 1750 words

Cardiopulmonary Resuscitation - Essay Example The decision of â€Å"do not resuscitate† is made by the patient if he is functionally able to convey it. If otherwise, the family members may have to make the decision when it is called surrogate decision (Torke, 2011). The subject has been the topic of discussion along with other end-of-life decisions due to the ethical and legal bearings (Sham et al, 2007). The decisions on the withholding of the treatment for the sustenance of life would be relaying the message that the patient accepts the progression of the disease and that he trusts the healing physician. There will be an underlying desire to reduce the burden on others. The wish to live and die naturally could also be influencing his decision (Sham et al, 2007). Research has elicited various factors influencing the doctors when the DNR (do not resuscitate) orders are made. These are based on the themes of a probability of survival, the desire of the patient, the quality of life prior to present illness and the quality e xpected after it (Sham et al, 2007). Federal and State policies in the US advice advance care planning where the patient may be encouraged to make his decision for other end-of-life decisions but DNR has been excluded (Sham et al, 2007). The BBC News has reported that the British Medical Association and the Royal College of Nursing in the UK have issued guidelines which indicated that the DNR orders could be issued only in consultation with the patients and families (BBC Ethics Guide, 2011). In Australia, the not-for-resuscitation (NFR) orders formed part of the medical practice but policies have still not yet provided a fool-proof method of implementation (Sidhu et al, 2007). Researchers indicate that current policies showroom for improvement: there are no standardised forms or patient information leaflets (Sidhu et al, 2007). A clinical audit had been conducted by Salins and Jansen as a retrospective study to determine the accuracy of documentation of NFR orders in patients who had died at the Lyell McEwin Hospital (2011).   This hospital was part of a teaching hospital in South Australia in 2007.   Eighty-eight files could be accessed for information.  

Memo for ABC Complete Kitchens Inc Essay Example for Free

Memo for ABC Complete Kitchens Inc Essay â€Å"Great organizations demand a high level of commitment by the people involved†- Bill Gates. Introduction Having the right man for the right job is imperative for corporate success. The person that installs the cabinetry for ABC Inc. is probably not the same person you want managing the financial responsibilities and obligations. Employees of ABC Complete Kitchens Inc. encompass a similar work ethic, professionalism and accountability however; their skills vary and need to be accommodated suitably within the company. Maintaining this level of expectation is imperative to achieve organizational success. Maturity, health, financial stability and the ability to compensate accordingly to current and long term fiscal challenges is the responsibility of the financial manager and within this organization or for ABC Inc. the Chief Financial Officer (CFO). The CFO assesses, directs, monitors, controls, develops strategies, plans for current and long term financial goals and most importantly determines the organizations investment decisions. The CFO and/or financial manager must â€Å"weigh the costs and benefits of all investments and projects and decide which of them qualify as good uses of the money† (Northcentral University, 2011. 7; 709). This is money invested by others as well as yourselves within this company. There are three main tasks financial managers are responsible for beyond applying management  standards to financial capital or income of this conglomerate. These consist of; making (preferably good) investment decisions, financial decisions and managing the company’s cash flow on a day to day and a long term basis. In order to stand behind these investment decisions, it is imperative to understand the terminology and processes within the financial systems development. Assets Assets are items of ownership that can be converted into cash or have an exchange value. They are investments this company has made. From an accounting point of view, assets can be divided further into two categories, current and long-term assets. Current assets are cash or other liquid items that can be turned into cash within one year. Marketable securities are short term, low risk investments such as, the current stock you hold and what it is worth or can be sold at. Accounts receivable are debts owed to this company by consumers for products and services provided already on credit. Inventories are assets comprised of raw materials such as cabinetry, sinks, and appliances including kitchens being currently installed that ABC Inc. still owns. There are other current assets that we will view on our balance sheet later on and they are mostly prepaid expenses and deferred assets as well as expenditures for future costs such as insurance, rent and interest. Intangible assets have no physical existence. These can include intellectual property or employees who attain knowledge and skill (NCU, 2011. 7:13). If the employee leaves to go to another organization, this is considered an intangible asset. Perception of the company within the community is important. Take for example the communities perception of the company. Wal-Mart and most recently Target with their credit card theft issue experienced intangible assets. Copyrights, patents and goodwill are also intangible assets. â€Å"Recently, I was asked if I was going to fire an employee who made a mistake that cost the company $600,000. No, I replied, I just spent $600,000 training him. Why would I want somebody to hire his experience?†-Thomas J. Watson (founder of IBM). Liabilities A liability is an obligation to creditors, an entity arising from past transactions, where the settlement can result in the transfer of assets,  services or other yielding of benefits in the future. They include any type of borrowing from persons or banks for improving on a business or increasing personal income. Liabilities of this company are duties or responsibilities that require settlement by future use of assets at or by a specific date, over a short or long time period or possibly on demand. Liabilities are categorized as current and long-term classification. Classifying liabilities as either current or long term will assist ABC Inc’s CFO assess if the risk of these liabilities will involve disbursement of cash or further company assets in the near or distant future. A current liability will be satisfied within one year. Diving deeper into the definition of current liabilities, a company also identifies them as debts that are expected to be taken care of with current assets or with the use of other current liabilities. Accounts payable are considered the total sum of monies or obligations owed to purveyors for goods and/or services purchased with credit. When accounts payable are paid off, it represents a negative cash flow for the company. Short-term debt otherwise known as notes payable is the reimbursement that will occur within the next year to satisfy a debt. Items that are known monies of the company that have not been paid such as the salary for employees or taxes and deferred or unearned profit that has been received for products that have not been distributed are classified within the current liability category (NCU, 2011. 7:23-24). Long-term liabilities are debts payable over a longer period of time and unlike current liabilities, extend beyond one year. Examples of these are long-term debts, a capitol lease and deferred taxes. Long-term debt involves the obligation of our company to compensate our providers for a period of time that extends beyond one year. Currently, ABC Inc’s long-term debt consists of the construction of buildings overseas as well as most of our products utilized in the assembly of the kitchens. A capitol lease is a contract that requires this organization to make scheduled payments in exchange for the use of a certain asset. An agreement is made between ABC Inc. and another proprietor to compensate for use of things such as equipment, the plant or property. ABC Inc. needs to bear this risk and act as if it is owned as a company asset. Deferred taxes are taxes this company owes but has yet to pay. They appear as a liability because eventually they will be paid for however currently the company has exceeded its financial  income. Owners Equity or Shareholders Equity Owners or shareholders equity is the ownerships interest in a corporation in the form of common or preferred stock. This amount is calculated and identified as shareholders equity, net worth or book value (Averkamp, 2013). The equity a company has is determined by taking the total assets and subtracting the total liabilities. Equity is the quantity of ABC Inc’s assets that you as shareholders own, as opposed to what the company borrowed. Owner’s equity is also classified as net worth or net assets; it’s your interest as owners in this company. Equity can be considered as the calculation of a company’s money that is left over if an asset were converted to cash and all of the current and long-term liabilities against it are paid. Equity is the stock this company and you as individuals possess, it is the value of the assets that you the proprietor actually own. Assets are equal to equity plus liabilities, thus indicating how much of the company’s asset s belong to or are owned and by whom. The Balance Sheet The balance or statement of financial position lists the company’s assets and liabilities, providing a model of the corporation’s financial position at any given time. The balance sheet summarizes the remainder of all the assets, liabilities and overall worth of a company’s accounts as of a specific date, usually the last day of the accounting period or the last day of the quarter or fiscal year (Thomsett, 2011). The fundamental accounting equation is; the sum of all asset account balances is equal to the sum of liabilities plus net worth accounts. It can at times be utilized and analyzed as an estimate of the liquidation worth of the corporation, aiding in foreseeing the value that would be left if the assets were bought and liabilities remunerated. A balance sheet must provide a fair and valid view of an organization’s state of affairs as well as abiding by the provisions of GAAP in its preparation. A balance sheet states: What assets the company owns How assets are paid for What the company owes or what they are liable for Amount left after satisfying their debts Balance Sheet Analysis and Current Ratio Analyzing the balance sheet assesses the company’s value, control and short term cash needs. The balance sheet is a quantitative summary of a company’s financial situation or condition at a specific point in time, including but not limited to assets, liabilities and net worth. The first part of a balance sheet shows all the productive assets a company owns, and the second part shows all the financing procedures, the liabilities and the shareholders equity. This is better seen from the table demonstrated on the next page. The asset accounts are added together, providing the total amount of the corporation’s properties prior to being decreased by debts and obligations. The balance sheet is comprised of assets and liabilities, each with similar sub-groups providing a final explanation of the balance sheet subsection for reference. The total of all liabilities plus net worth accounts is always equal to the total of all assets, WITHOUT EXCEPTION! â€Å"How is the balance accomplished? The sum of liabilities and net worth is always equal to the value of all asset accounts because of double-entry bookkeeping. Every entry has a debit and a credit and these are equal in value. They may also be thought of as a plus and a minus. At any time, the sum of all accounts in the corporate books will add up to zero, because debits and credits offset one another â€Å"(Thomsett, 2013). It is important to remember that creditors often compare a company’s current assets and current liabilities to evaluate whether or not the company has adequate working capital to endure their short-term financial needs. This comparison can be summarized in the company’s current ratio. The current ratio is the percentage of current assets in relation to their current liabilities. A higher current ratio gives the implication of the company experiencing less risk of a cash deficit in the near future (NCU, 2011. 7:727). The Income Statement The income statement shows the company’s net income or profitability during a specific period of time. The income statement can also be referred to as the profit and loss, or â€Å"PL† statement, and the net income is also referred to as the company’s earnings (NCU, 2011). The income statement is based on the accounting equation that; income equals revenue minus expenses which in turn illustrates the value of the owner’s equity as increasing or decreasing. The income statement analysis explains how the profitability of  the company relates to the company’s shares. Different ratios are used providing information on ABC Inc’s operation and worth (NCU, 2011). Conclusion This leaves us now analyzing not only the national but also the international fiscal aspects of ABC Complete Kitchens Incorporated. Generating sales overseas is taking this company to new heights within the business world. The income statement or statement of financial performance catalogs the company’s revenues and expenses. It is putting our name on the map while increasing profit, employment opportunities and as the Board of Directors; you are responsible for maintaining this stature. This position is not only exciting, it is manageable as well. As a project manager I foresee significant advancement within all of the departments. If everyone involved collaborates cohesively, communicates respectfully and complies with ABC Complete Kitchen Incorporated’s mission and vision, the finality will be a company that ultimately produces an exceptional product with complete customer and corporate satisfaction. References Averkamp, H. (2013). What is owners equity? Accounting Coach, LLC. Fort Atkinson, WI Retrieved from: http://www.accountingcoach.com/privacy-policy (2011). SKS 5000- Business strategies for organizational effectiveness within the global perspective. Pearson Learning Solutions ISBN: 9780558870447 (2013). List of key accounting terms and definitions. InvestorGuide Staff. Retrieved from: http://www.investorguide.com/article/13789/list-of-key-accounting- terms-and-definitions/ Thomsett, M., C. (2013). The balance sheet. Getting Started in Stock Investing and Trading Retrieved from: http://www.investorguide.com/article/12689/the-balance-sheet-ws/

Douglas Coupland’s Generation X: Tales for an Accelerated Culture: an alternative voice :: Essays Papers

Douglas Coupland’s Generation X: Tales for an Accelerated Culture: an alternative voice On production of his first novel, Coupland was labelled by critics spokesman for a new lost generation - â€Å"Generation X† - those individuals aged between mid-twenties and mid-thirties who have come of age in an increasingly technological and materialistic bureaucratic society. As a consequence, they are emotionally scarred and alienated, reject conformity and search for some kind of meaning to life. When asked about this label, Coupland stated that he spoke â€Å"...for myself, not for a generation. I never have†, arguing that he addresses issues relevant to himself and his peer group who grew up in Vancouver (Hall, Sharon K. â€Å"Douglas Coupland† Contemporary Literary Criticism, Vol. 39, 29). The subsequent success of Generation X both in America and Europe, indicate that the experiences Coupland records are global, appealing to a wide audience who share his fears and expectations. While the debate about the lack of a distinctive Canadian voice continues, the critical reaction to Generation X illustrates the problems inherent within Canadian literature. Coupland wrote the novel in America, and it was here rather than his native country that it was actually published. In â€Å"Malaise of the Mall-Raised†, Brian Fawcett details the reasons for Coupland’s initial lack of success in Canada, indicating that it was the book buying public rather than the literary establishment who put Coupland on the literary map: ...the book couldn’t find a Canadian publisher, that the Globe and Mail didn’t review Generation X, or that Books in Canada...rejected [it] for having an attitude problem (Fawcett, Brian. â€Å"Malaise of the Mall-Raised† Books in Canada, Vol. 21, 44-6). Typical of this critical reaction, Laurel Boone in a Books in Canada review of Generation X, is scathing towards the novel which she describes as â€Å"shallow†, and for the fact that its Canadian characters do not translate the French phrases they use (Boone, Laurel. â€Å"Review of Generation X.† Books in Canada. Vol. 20, 50-1). Boone also faults Coupland’s use of cartoons, definitions and slogans within the work. One of these pop art cartoons shows a young man reading a real estate magazine and telling his father: â€Å"Hey, Dad, - You can either have a house or a life I’m having a life.† In contrast to Boone’s opinion, it was the actual format of the novel as well as the content which appealed to the reading public. The reason Coupland was overlooked may be due to the fact that his novel was viewed as the antithesis of conventional Canadian writing.

Of Mice and Men: The Failure of the American Dream Essay

Thesis Statement : The novel Of Mice and Men was John Steinbeck a message to the world of how the American Dream is dead and unattainable. The nation had seen one of the biggest spending sprees in the nineteen twenties and the following decade the results were crashing down on the nation. People were losing everything that they owned and starving. The American Dream is defined as â€Å"The American Dream is â€Å"that dream of a land in which life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement. (What Is the American Dream) Because of that, it seemed like the American Dream was dead and there was never a better novel to illustrate it than Of Mice and Men. George and Lennie, the co protagonist of the novel, aspire to the American Dream, but because few people believe in its attainability, few are surprised when they fall short of its achievement. To understand how the American Dream is shown to be unattainable in the novel Of Mice and Men, it must be understood. There are several definitions of the American Dream. According to Merriam Webster’s â€Å"an American social ideal that stresses egalitarianism and especially material prosperity; also: the prosperity or life that is the realization of this ideal. † (Merriam Webster). The other part of that materialistic idea is that if one works hard enough, he/she can achieve absolutely anything. George and Lennie have a dream that completely embodies the concept of the American Dream. They are two men who are migrant workers during the Great Depression who have a dream of owning their own farm. The actual ownership of the farm is only a small part of the dream. The fact that they will not be owned by another person is the allure of the dream. All kin’s a vegetable in the garden, and if we want a little whisky we can sell a few eggs or something, or some milk. We’d jus’ live there. We’d belong there. There wouldn’t be no more runnin’ round the country and gettin’ fed by a Jap cook. No, sir, we’d have our own place where we belonged and not sleep in no bunk house. (Steinbeck p. 63) Because of their situation of being migrant workers, every aspect of their lives were dictated by their boss. Their need for money to survive, set them up for ownership as if they were slaves. George realized this more than Lennie. Lennie brought innocence to the dream. He wanted nothing more than to tend the rabbits because petting soft things brought him pleasure. He did not care about materialism or having control of his life. Pleasure of the moment was his goal for life and the American Dream took on its purest form through him. They remind themselves daily of this dream. Lennie begs for George to tell him the story even though he knows it as if hearing it will make it so. George tells it as if each time he tells it the dream will become more and more real. Yet they are chasing an illusion. The characters have survived in the world so far because of their belief that the American Dream is alive and well. George and Lennie cannot imagine that their hard work will not pay off in the end. Society had told children for generations that hard work would take an individual to the top of society and many times it did. Then came the Great Depression and everything changed. People worked hard and they did what they thought was right, but at that time it did not take them anywhere but backward. George and Lennie try to save, but it takes every dime to survive. Once they meet Candy, who offers to add money to the cause, they know that with the money they have coming, they will be able to have their dream, but just as it was time to make their purchase, tragedy strikes. Their work has gotten them nowhere. It is apparent throughout the novel that the dream is not attainable. From the incident in weed to the killing of the puppy, everything that George and Lennie do ends up becoming a disaster. It is obvious that the dream of the farm will be as well. As George says: â€Å"-I think I knowed from the very first. I think I knowed we’d never do her. He usta like to hear about it so much I got to thinking maybe we would† (103). The unattainable American Dream is not limited to George and Lennie and that is symbolic that most people will not attain it. There are other characters who also have their American Dream crushed. Curly’s wife had a dream of fame and fortune. She also wants to be loved. She married a man who was to inherit his father’s farm and he seemed to want her, but after she marries him, she realizes that he only cares about himself. She does everything in her power to get his attention because of her need. He is jealous of other men, but not because of the love for his wife. Love, marriage, and producing a family is part of the American Dream and all Curly and his wife have is the legal part of the institution. The dream that she imagined did not materialize with her marriage and that left her lonely and seeking the attention of other men. If I catch any one man, and he’s alone, I get along fine with him. But just let two of the guys get together an’ you won’t talk. Jus’ nothing but mad. You’re all scared of each other, that’s what. Ever’ one of you’s scared the rest is goin’ to get something on you† (85). Crooks wants his part of the American Dream where all men will be equal and he thinks that he gets close to this the night Lennie and Candy end up in his room and share the dream of the farm with him. It does not take long for him to have to face the reality that there is no equality in the world. George and Lennie prove that the American Dream is unattainable. To obtain it one’s life would be perfect and there is no perfection in the world. There are always going to problems and hardships in life and this makes the dream just that; a dream. Of course the American Dream has become less of a reality in this country since the beginning of the Great Depression, but it was really just a fantasy from the start. There were always people who seemed to achieve it, yet underlying problems were always present. George and Lennie prove that problems will always come to the surface.