How did I acheive these 5 learning goals Essay Example | Topics and Well Written Essays - 250 words

How did I acheive these 5 learning goals - Essay Example Then, I researched entirely on the perception of the Chilean cultural on business. Thirdly, I had to look into the US and Chile cultural relationship to business. I found out both cultures significantly value business. Finally, from that cultural scrutiny, I got a better image and understanding of the Chilean perception in the perspective of carrying out business. Though, much effort is vitally necessary in achieving any goals, the results are always much pleasing and rewarding afterward. I also had to consider the instances that I had triumphantly accomplished different learning goals before. Considering those earlier situations, I had to get those factors that significantly lend a hand towards achieving my earlier learning goals. Among the factors included: spending much time to those set learning goals to the effectiveness of achieving them. Consequently, I dedicated many moments in the learning goals up to their competition (Brophy 2010). Additionally, there are many obstacles in achieving any set goals despite all the facts. Hence, I worked tirelessly in an effort to confiscate those obstacles. Nevertheless, the particular action that I took to eliminate the barriers, it exceedingly facilitated in attaining the learning goals. As a result, there was an incredible result in learning goals achievement. They were extremely uncomplicated, but yet exceptionally valuable this applies

Surrogacy Legalisation in Australia Essay Example for Free

Surrogacy Legalisation in Australia Essay Women usually become a surrogate mother because they receive compensation in one form or another from doing it; others do it because a family member cannot produce a baby of their own. Homosexual couples tend to use surrogacy as an option to have a child of their own, as compared to adopting a child. Due to commercial surrogacy being illegal in Australia, it has driven homosexual couples to other countries such as India where the surrogate mothers are not as healthy as the ones in Australia. Commercial surrogacy should be legalised in Australia so people of all sexualities do not revert to other countries where poor women are exploited and help protect the legal status of children there. (Esther Han, December 9, 2012, Sydney Morning Herald) Through surrogacy, couples of either heterosexuals or homosexuals are able to have a family of their own if they cannot produce one for themselves. There are two types of surrogacy; traditional and gestational. A traditional surrogate is a woman who donates her own egg and then carries out the pregnancy. Their egg is donated from their own body with the sperm of the father or the sperm from a donor. A gestational surrogacy is when the surrogate isnt biologically or genetically related to the child that she is carrying. Through the process of in vitro fertilization, the carrier becomes pregnant. This fertilization is where an embryo or several embryos are created from the eggs and sperm of the intended parents are implanted in the uterus for the gestational period of 40 weeks. As in the grounds of nature it takes a man’s sperm and a womans egg to create a baby, it makes it impossible for homosexual people or couples to conceive a baby of their own and therefore surrogacy is an option for them. In gestational surrogacy, there is no direct genetic impact on the baby from the surrogate mother and there is no DNA from the surrogate mother to the baby. This is because the embryotic sack that the baby is in has already got the DNA from its’ mother and father through the in vitro fertilization procedure. However, if the surrogate mother is not getting enough nutrients in her diet or if she were to drink or take drugs, this would affect the health and development of the baby as if it would a traditional surrogacy. Homosexual couples tend to go for surrogacy as opposed to adoption due to the fact that many homosexual couples want a baby that is created from their own DNA (because they cannot create their own with a woman) and not bring up someone else’s child through adoption. Not only because of these reasons do they tend to go for surrogacy, but also because adoption for homosexuals either in a relationship or not and single people has now become prohibited in almost every country in the world. There are a few concerns that do influence the decision on whether a homosexual couple adopt (if they were able to in that particular country) or apply for a gestational surrogate. Some of the concerns that they have with adoption is that some mothers decide to change their minds at the last minute and keep their baby instead of giving it to the adoptive parents. The costs that are involved with adoption and surrogacy are around the same amount of money to pursue; so many homosexual and heterosexual couples tend to go for surrogacy because even with the slight price increase of surrogacy, the couple would have a baby that is created from their own DNA. For the homosexual couple however, the DNA would come from one of the parents (Janna Herron, Bank Rate, 2013). In Australia, the current laws have stated that commercial surrogacy is illegal. However, there is no current law that states in Australia that non-commercial surrogacy also known as altruistic surrogacy is illegal. According to the Surrogacy Act of 2010, any parties can enter into a non-commercial/altruistic surrogacy agreement regardless of their sex and relationship status. The surrogate mother of the intending parents is not allowed to receive money or any compensation from the intending parents, but are allowed to have any medical expenses that are related to the baby be compensated for by the intending parents. For a homosexual couple, finding a willing surrogate mother in Australia who doesn’t want to be compensated more than what the law states is almost impossible to find, and this therefore leads homosexual couples to apply for surrogacy in other countries such as India. Each year, India produces hundreds of babies through commercial gestational surrogacy to intending parents all around the world. A vast amount of these babies from India go to intending homosexual couples of Australia. Just before Christmas last year, India changed their law for surrogacy to now exclude homosexuals, singles and people of all genders that are in a de facto relationship. This new law has been put into place because there are people who access surrogacy, rather than assisting the surrogates and the way in which surrogacy is done (Janna Herron, Bank Rate, 2013). This new law in India has affected homosexual couples especially because they can no longer apply for commercial surrogacy because they no longer fit in with the new criteria. These laws have been passed because of the controversial issues that may occur and the psychological issues that child may receive from having two parents of the same sex raise them. There are many controversial issues with being in a same sex relationship, including that of same sex rights and children. Children are an important aspect of many people’s lives. One of the issues that have arisen is whether a child who is raised from same sex parents will suffer from psychological abnormalities or development issues. Studies have shown from The American Psychiatric Association that there are no development issues or differences between children who have been raised by either homosexual or heterosexual parents. The child’s intelligence, psychological adjustment, popularity with friends, development of social sex role identity or development of sexual orientation has not been negatively affected or influenced due to their parents’ sexual origin as many stereotypes may point out. Another controversial issue that same sex couples face is the nature vs. nurture theory. Some people believe that if a man and a woman cannot produce a baby of their own, then they should therefore not be having children. This same theory applies to homosexual couples. In the eyes of society, if a homosexual couples cannot produce a baby naturally, than they should not be allowed to participate in the surrogacy scheme. This shouldn’t be the case for anyone, homosexual or not (Surrogacy Controversy, 2009) Controversial issues aside, should the legalisation of commercial surrogacy for heterosexuals and homosexuals in Australia occur? The answer is yes. Homosexuals should be allowed to access commercial surrogacy in Australia because we know the environment the women are living in is much more sanitised and cleaner as opposed to the third world countries such as India where intending same sex parents have had to resort to in order to have a baby. The surrogate mothers of Australia should be allowed to be compensated for the physical hardships and mental discomforts that she may endure. Studies have shown that no mental development issues have occurred from children who have same sex parents and there are no negative effects on the children. Everyone has the right to have a child and by legalising commercial surrogacy in Australia, more people will be able to have the families they’ve always wanted instead of having to meet the new criteria of the Indian laws. And sure, two daddies cannot give a child a mothers’ love but they can definitely give them double daddy love and in the end all that matters to a child is that they are loved by their parents; even if that happens to be two mums or two dads (Rosemary Odgers and Margaret Wenham, Courier Mail, February 10,2010). Reference List; †¢ Esther Han, December 9, 2012, Sydney Morning Herald, accessed Thursday 22nd May, 2013) lt; http://www. smh. com. au/national/call-to-reform-surrogacy-laws-20121208-2b264. htmlgt; †¢ Farlex Inc. 013, The Free Dictionary, accessed Friday 10th May, 2013 †¢ Kerry Brewster, 2013, ABC News, accessed Friday 10th May, 2013 †¢ Professor Jenni Millbank, 2013, ABC News, accessed Friday 10th May, 2013 †¢ Janna Herron, Bank Rate, 2013, accessed Friday 17th May, 2013 †¢ Surrogacy Act of Australia, 2010, accessed on Friday 24th May, 2013 †¢ Surrogacy Controversy, April 2009, accessed Sunday 26th May, 2013 †¢ Rosemary Odgers an d Margaret Wenham, Courier Mail, February 10, 2010, accessed Sunday 26th May, 2013

Italian Renaissance Arts Affect on Todays Culture Essay -- Essays Pa

Italian Renaissance Art's Affect on Today's Culture World History Many of us today have things in our culture that we appreciate without thinking about where they have come from. The things we enjoy so much could be from another culture, and even another place in time. This document will explore the influence of Italian Renaissance art on today's civilization, which has greatly changed the art of today. The Renaissance was a time period that began in the early 1300's and lasted into the 1600's. It was a time when the philosophies of the ancient Greek and Romans were rediscovered, which took place after the Middle Ages. Many of the philosophies of the Middle Ages were no longer accepted, and the Renaissance brought about a revamped way of thinking and learning, based on the Greek and Roman culture. The thinkers and humanists had much to do with the direction of the Renaissance, but the artists also had significant importance. "Artists are not philosophers, although in the Renaissance they come very close to sharing in the philosophical enterprise"(Gardener 561). The Renaissance was about individualism. Renaissance painters were attempting to do the same as Renaissance writers, who wanted to interpret people and nature realistically ("World Book") . "Architects of the Middle Ages designed huge cathedrals to emphasize the majesty and grandeur of God. Renaissance architects designed buildings on a smaller scale to help make people aware of their own powers and dignity" ...

How to plan and provide environments and services support children Essay

Describe the factors to take into account when planning healthy and safe indoor and outdoor environments and services: All staff has a duty of care for children and each other within the setting. It is important that everybody is aware of government legislation regarding the schools Health and Safety policy in regards to potential risks and hazards and what should happen if an incident occurs. As health and safety is primarily common sense it becomes second nature when working with children to abide by the Health and Safety policy. When working within a school staff should always make sure that areas are fit to purpose prior to any learning or play activities this could mean doing a risk assessment to ensure areas are safe and free from any potential risks. If a risk is spotted it should be reported immediately or logged for attention. The factors to take into account are: Every child is an individual and progresses at different rates and each child has different needs which depend on their age and ability. When we plan activities we should think about ways in which way we can keep all children active and the layout of the room and the needs of the child if you have a baby in the room you would not allow toddlers to be running round. Also if children wanted to ride bikes this should be done outside with more space and under supervision. Some children may have more specific needs than other children if they are have a sensory impairment provisions should be put in place so the child will enjoy mainstream school as much as the next child. An adult could also have specific needs where a risk assessment may need to be done at some time like if the person is pregnant or impaired in some way. Individual support may be offered to families/carers that have different needs to others. When working with children we should always be aware of our environment as we would not allow a child to run around the classroom with scissors, if this did happen we would explain or ask the child why this is a dangerous thing to do. In any school yard there should be separate sides of the yard were say football is played rather than all the children playing in line of the ball as this may cause injury. Explain how health and safety is monitored and maintained and how people in  the work setting are made aware of risks and hazards and encouraged to work safely: Within school settings health and safety is monitored and maintained by the schools policies and procedures these are implemented by a governing body then must be carried out to the letter. Anybody running a place where members of public visit must have a duty of care and not let people be exposed to hazards that may cause illness or harm them. Visitors must follow the set guidelines to ensure the safety and well being of all children within the setting. Children who are being collected must be collected by a person known by the teacher unless prior information given, if a child requires medicine then this will be left in the office with a consent form received from the parents. Within school if a accident / incident happens then it is recorded and parents are informed of the child’s injury i.e. bumped head letter. W ithin schools there will always be a first aider available to deal with an injury. Confidentiality policy is always kept within school the only time confidentiality should be broken is when neglect or a form of abuse is suspected and the relevant authorities need to know. Risk assessments are carried out daily by teachers and all staff to ensure no potential risks or hazards. If anything is found it must be recorded and reported immediately relevant staff must be notified. Identify sources of current guidance for planning healthy and safe environments and services: All settings should have copies of the latest legislation as recorded in 1.4 they will also have their own policies and procedures. There is also a lot of information to be found on the internet: Health and safety executive Child accident prevention trust Department for education Explain how current health and safety legislation, policies and procedures are implemented in own work setting: When working with schools we have a legal responsibility to ensure the safety of all children and fellow colleagues as they are entrusted in our care listed below are the main policies: Policies and procedures regarding Health and Safety at Work are given to all staff including volunteers on the first day of employment  within the setting this is based on the Health and Safety at Work Act 1974. The main responsibilities of this act are that all buildings should be maintained to a high standard, designed with safety in mind. The environment should always be clean and tidy; all equipment should be stored away safely. As is good practice working practice should promote the health and safety of children. These acts also provides protection for employees by the workplace being a safe place and not pose a risk to employee’s health as stated in COSHH all hazardous substan ces and cleaning equipment stored away safely. Training should be provided for all employees on health and safety. PPE clothing should be provided free of charge. Certain injuries, diseases and incidents should be reported immediately to the Health and Safety Executive. First aid facilities and a first aider should be accessible at all times, within each setting there will be a safety representative who can be consulted regarding issues which may affect health and safety. Finally the legal duties of all employees must be responsible to take care of their own health and safety and that of others affected by their actions. All employees must cooperate with the health and safety at work act. This will be kept in the office and available to all. Fire precaution act 1971 and regulations :The fire authority will issue a fire certificate when happy that all correct procedures are in place .They also check the fire equipment and correct fire escapes and routes of departure COSHH (control of substances hazardous to health) this is monitored and maintained within schools by ensuring all chemicals and cleaning equipment is locked away in a cupboard away from all children. All chemicals must be clearly marked. RIDDOR 1995 (Reporting of Injuries, Diseases and Da ngerous Occurrence Regulations )this is a legal duty to explain work related deaths, any major incidents or injuries, work related diseases and dangerous occurrence. When carrying children or equipment always promote good practice. The Childcare Act 2006 this sets out the statutory framework for health and safety within all settings including that of the EYFS their standards are monitored by Ofsted. Product safety marking these must be (PAT tested) regularly and they will hold the kite mark to say they have been tested. Toys must carry a CE showing that the product meets European standards. Motor vehicles regulations 2006 seat belts must be worn at all times and booster seats provided for children under a certain height (135cm). Smoking ban 2007 EYFS  this includes a legal requirement to ensure all children are in a smoke free zone. The manual handling operations regulation act 1992Employers must ensure that correct guidelines are followed when lifting pupils or equipment. Hygiene legislation 2006 This covers the safe preparation and storage of food .All kitchen staff must hold a current food hygiene certificate .There must be posters displayed within the kitchen reminding staff of good practice i.e. different coloured chopping boards and how food is stored correctly. The early years foundation stage (EYFS) Statutory framework for eyfs 2008 ensuring all aspects of welfare for children is covered ,this includes safeguarding ,suitable people ,suitable premises and equipment .There must be correct documentation within the organisation. Other procedures which are in place to safeguard children are: Safety fence and locked gates disallowing children to leave when in outdoors areas. All doors which provide entry and access are locked and door handles unobtainable to children. All visitors must sign in and wear a badge if there for a while must be notified about health and safety. Children must be picked up by the named person unless by prior arrangement. Confidentiality maintained at all times unless abuse is suspected. Admissions where no child can be looked on more favourably than another. Accident/incident must be recorded if a child has a bump or injury then this must be sent home to parents explaining what happened if a major incident must be forwarded to relevant people. Taking of medic ines they must be stored correctly parents must sign a consent form to say what the medicine is and how much and when their child is allowed it. Within the setting there will be a notice in the staff room of which child is asthmatic or allergic to food or other things so each staff member can see.

The Future of Oil

TIME Magazine, titled † The Future of Oil† by author Bryan Walsh which is a senior writer for TIME magazine, covering energy, environment and diseases infers and appraises the future of oil in the aspect of economy, value, scarcity and finding its alternatives. The author reveals and reviews the importance of oils to global economy as well as the urgency on finding another replacement for oil in order to flee the world from over-relying on this non-renewable natural resources.This facts have agonized the world and people starts concerning nice decades ago when people found that the oil is not renewable and not reusable. SUMMARY In the first part of the article, the author reviews the discovery of new plentiful oil sources in the Atlantic Ocean 180 miles east of ROI De Jeanine could producers,OHO barrels of crude a day, yet it is still disproportional to the demand all around the world.Nevertheless, the latest advanced technologies applied on automobiles and recession of e conomy in US have temporary shed the demand oil, the rapid growth in other countries like China, India and certain developing countries have equalize gain the demand and supply graph back to the extreme level. These bring a phenomena that plentiful but expensive oil in the market. The price of oil will still be hardly to drop. Moreover, there is still no other substitute available for oil, it is prone to be big booms and deep busts, taking the global economy along with it.When the global economy heats up, demand for oil rises, boosting the price and encouraging producers to pump more. Inevitably those high prices eat into economic growth and reduce demand Just as suppliers are overproducing. Prices crash, and the cycle starts all over again. However, the environmental issues and costs have to be brought to be concerned. The catastrophic oil spill accident happened in the Gulf of Mexico had brought huge impact to the environment and it needs decades to recover.Yet, the demand of oil is never stop, supply of oil must be ideally inexhaustible to the world. People are facing the more challenging and dangerous tasks while getting the unconventional oil to satisfy the demand of oil. Hence, the best solution is still to develop other kind of energy alternative to break temporally of oil for environmental, economy and future. Analysis of the Presentation The first element of the article â€Å"The Future of Oil† written by Bryan Walls in April 2012 that is going to be discusses will be the author's purpose of intent.From the article, the author's purpose is to inform the audience about the current amount of available crude left and the number of production of barrels of oil per day which to fulfill the unlimited demand from the international market, and to predict that the oil which supports our daily transportation will be getting expensive in the future and it will be much more polluting in order to process the oil as the process is destructive to the environm ent. The second element to be discusses will be the author's point of view.As what have written before, since the author have stated that the price of oil becomes expensive (Bryan Walls, 2012). Thus the author suggests that it will be important to hold as more researches and developments of carbon-free alternatives such as wind power, solar power, nuclear power and befouls as possible now in order to reach better technology in fuel-efficiency which is believed potential to reduce the burden of the high price of oil in our daily life later. Next, the author's tone in writing the article will be another element to be discusses where a tone fleets the author's feeling and attitude towards the subject.Audience can feel the author's tone was excited when he describe on the size of the floating oil-production platform deck in Atlantic, Brazil which he wrote † The platform deck is so big you could play the Super Bowl on it, if not for the nest for the interlocking pipes and valves th at circulate oil, methane and steam throughout the ship. † (Bryan Walsh, The Future of Oil, paragraph 2 line 5-7). The author shows the feeling of regret too from his word â€Å"A combination of recession, conservation and improved auto efficiency has eloped the U.S. Shed demand impressively. But demand in China, India and other developing nations have replaced it. Result: plentiful but expensive oil that translate into painfully high gas prices. † (Bryan Walsh, The Future of Oil, paragraph 5 line 3-5). Other than that, the author's worry can be found from the written â€Å"The new supplies are for the most part more expensive than traditional oil from places like the Middle Each, sometimes significantly so. They are often dirtier, with higher risks of accidents. (Bryan Walsh, The Future of Oil, paragraph 8 line 2-4). The author also wows the feeling of sarcastic and contradiction when he wrote muff may not like Exxon because of the pump price or its oversize profits, but how much love do you have for autocratic poetasters like Iran or Russia? Oxen's growth trickles down; the oil-and-gas industry created 9% of all new Jobs last year, according to a report by the World Economic Forum, even as oil companies booked multimillion-dollar profits. † (Bryan Walsh, The Future of Oil, paragraph 15 line 5-9).The author used the tone sarcastic once again later in his word â€Å"Low oil prices in the sass lulled U. S. Auto companies into disastrous complacency; they had dew efficient models available when oil turned expensive. † (Bryan Walsh, The Future of Oil, paragraph 18 line 5-6). Other than all of the above, the author used the tone of exaggerate when he describing the amount of available extreme oil, â€Å"Extreme oil meaner there will still be enough?more than 1 trillion barrels by one estimate?to keep cooking the planet if we decide to burn it all. (Bryan Walsh, The Future of Oil, paragraph 25 line 7-8). In addition, the author used some fact information instead of opinion sentences teen the paragraphs in the article; which a fact is the statement that can be proven right or wrong, and an opinion is the statement of feeling that cannot be proven right or wrong (Dahlia, Critique Essay). The author stated that since there is increase in crude collecting activities which requires drilling technology now thus â€Å"Tight oil has helped revivalist the American drilling industry. (Bryan Walsh, The Future of Oil, paragraph 11 line 1). Besides that, the author also stated that U. S. ‘s import of liquid fuels have decreased from 60% in year 2005 to 45% in last year, if domestic oil production continues to rise, U. S could move toward to energy independence (Bryan Walsh, The Future of Oil, paragraph 12). Other than that, he also included fact information in his article, written that â€Å"There is no substitute for economy along with it. (Bryan Walsh, The Future of Oil, paragraph 17). Last of all, the author have ref erred to other's speeches and opinions such as from President Obama, energy expert–Michael Clare, state geologist of Text–Scott Tinker, and chief economist at EIA?Afterbirth, which he have written into his article â€Å"The Future of Oil† but yet he do not enclose the links and quote them to the references or origins which e have used as materials, thus his scholarly is considered as unclear.RESPONSE TO THE PRESENTATION In the article â€Å"The Future of Oil†, author Bryan Walsh has used many statistics and data to strengthen the persuasiveness of his view to audience, but he fails to indicate the exact sources of certain data. Maybe some of these data are very common to local people, example the average price of oil last year in US, â€Å"Last year the average cost for a gallon of unleaded was $3. 51, the highest on record, up from $2. 90 a year before. On March 26 the national average was$3. 90†³(Bryan, 2012), but that was uncommon to reader from other area.He actually should include the sources of those data in order to make his article to be more convincing. The same problem occurs on the information on the production of crude barrels daily by Petrol's in Atlantic Ocean. The author stated the amount of crude produced, but he did not mention where he got the data from. Instead, these might bring some doubts and seems exaggerating to the audience. Nevertheless, in this article, Bryan Walsh focuses more on the impact of oil to US economy,but hectically provides sufficient facts while explaining the influence of oil to the global future economy.He states and redirects US might be able to achieve energy independence as more sophisticated hydraulic fracturing and horizontal trinitrotoluene's applied to open up reserves of oil which previously considered unobtainable, but he does agree also that more production of oil in US does not really help to calm the increasing global oil demand. He states â€Å"Energy security is fine, bu t it doesn't have that much meaning in a globalizes economy,† says Guy Caruso, a former head of the EIA (Bryan, 2012).This is very true that no matter how much new and unconventional oils are being discovered, the world will never satisfy from the supplies. Nonetheless, Bryan Walsh, in his article, besides economy issues, he does talk about the impact of producing oil to the environment, the true cost to the environment which he intends to warn people the consequences and the future challenge of producing oil. He does provide some facts and sayings of certain representative to attract reader's attention on this serious issue.Example†elf you think cleaning up an oil spill in the Gulf of Mexico was tough, try doing it in the remote, forbidding Arctic. But even greater than the immediate environmental danger posed by unconventional oil is the larger risk to the climate. â€Å"(Bryan, 2012). However, he fails to picture out how destructive the consequences and negative effe ct to the environmental. Instead, he provides saying like â€Å"There's enough carbon there to create a totally different planet,† says James Hansen, a NASA climatologist and activist (Bryan, 2012) without explaining how different planet would it be.At the last part of the article, author Bryan Walsh has clarified his view on the future of oil. He denotes that new coming sources and unconventional oil does not really help to solve the fundamental problem. He does need of oil. He includes some facts to show the effort of people to increase the efficiency in order to waste the energy sources. â€Å"Beam's push to increase corporate average fuel-efficiency standards for vehicles to 55 m. P. G. By 2025 is vital†(Bryan, 2012).

Generally Accepted Accounting Principles and Owners Equity Essays

Generally Accepted Accounting Principles and Owners Equity Essays Generally Accepted Accounting Principles and Owners Equity Essay Generally Accepted Accounting Principles and Owners Equity Essay Chapter 7 Accounting Information Systems Questions 1. What is the right side of an account called? 2. What is the left side of an account called? 3. An organizational scheme used to classify accounts as assets, liabilities, or owners’ equity is known as what? 4. What journal is used to record both the account(s) to be debited and the account(s) to be credited? 5. A collection of specific asset, liability and owners’ equity accounts in known as what? 6. What type of entry is made to adjust the accounts for internal events prior to preparing financial statements? . What type of entry is made to close out a temporary account and transfer the balance to retained earnings? 8. What type of account has an opposite balance to the normal balance of its associated account? 9. Recording the appropriate part of a journal entry to the affected account is known as what process? 10. A listing of all general ledger accounts and their respective balances to ensure that debits equal cred its is known as what? Exercises E7. 1The following events occurred during the first month of business at a local marketing company. Indicate which of the events are accounting events and provide a short justification for your answer. A. The owner invested money from his savings account for start-up costs. B. Employees hired agree to sign a non-compete agreement. C. The owner pays the first and last month’s rent on office space. D. Computer equipment is purchased on account for each employee. E. Three employees attend the Chamber of Commerce meeting to generate sales contacts. F. A client pays for advertising services performed by the company. G. The office supply store across the street is planning a major advertising promotion next month. : E7. 2 Specify in the space provided the effect of each of the following accounting events on assets, liabilities, and owners’ equity. Use I for Increase, D for Decrease, and NA for Not Applicable. Owners AssetsLiabilities Equity ________________________A. Issued preferred stock for cash. ________________________B. Purchased office computers on account. ________________________C. Purchased computer supplies for cash. ________________________D. Returned defective supplies and received a cash refund. ________________________E. Made a payment on computers purchased above. ________________________F. Purchased inventory by making a cash down payment with the balance owed on open account. E7. 3For each of the accounting elements that follow (A-F), indicate in the space provided the appropriate number of the financial statement(s) where the element would appear. 1. Income statement 2. Statement of owners’ equity 3. Balance sheet 4. Statement of cash flows ________A. Cash balance in checking account ________B. Unused supplies ________C. Merchandise sold on account ________D. Stock issued ________E. Utilities expense ________F. Taxes payable E7. 4Various accounts are affected differently by debits and credits. For each of these accounts, sate whether it is increased or decrease by a debit or credit. Also indicate whether the normal balance is a debit balance or a credit balance. The first account is an example. AccountsIncreased byDecreased byNormal Balance A. SuppliesDebitCreditDebit B. Interest Payable C. Equipment D. Fees Earned E. Salaries Expense E7. 5For each of the following situations, prepare the adjusting entry for the month ended April 30 and indicate the effect each adjustment would have on net income. A. Marketing Unlimited has a $20,000 contract with a client to prepare a catalog describing the client’s various products. Payment was to be received when the catalog was completed in June. As of April 30, $9,000 worth of services had been performed. B. Donna’s Consulting, a decorating firm, has an agreement with an apartment developer to decorate the apartment offices and model apartments. Donna will be paid $12,000 upon completion of her decorating services. As of April 30, Donna has completed one-fourth of her decorating services. C. Grant Enterprises rents storage space to a tenant for $200 a month. The invoice for April’s storage fee had not been sent as of April 30. E7. For each of the following situations, prepare the adjusting entry for the month ended August 31 and indicated the effect each adjustment would have on net income. A. The August water bill for the Johnson Company arrived in the accounting department on September 2. The invoice totaled $135. B. Riverside Medical Clinic has a contract with a payroll provider for payroll services. Riverside pays its employees semi-monthly. The payroll provider charges Riverside $250 for each payroll it processes and bills on the first day of the month after the services are provided. C. Camaron, Inc. borrowed $2,000 on August 1. Camaron must repay the principal and interest of 9 percent annually 90 days from the date of the note. Camaron prepares monthly financial statements. E7. 7After its first year in business, Aaron Distributing, Inc. needs to prepare its financial statements. Given the following trial balance, prepare the income statement and statement of retained earnings for the year ended December 31, 2003. Dividends of $1,000 were paid during the year and are reflected in the trial balance. There were no additional capital stock transactions during the month. ____________________________________________________________ _____ AARON DISTRIBUTING, INC. Adjusted Trial Balance December 31, 2003 DebitsCredits Cash$6,140 Accounts receivable2,350 Prepaid insurance3,180 Vehicle12,500 Accumulated depreciation- vehicle$1,000 Office equipment25,400 Accumulated depreciation- office equipment3,630 Accounts payable1,930 Notes payable7,500 Wages payable2,170 Capital stock25,000 Retained earnings1,000 Fees earned45, 500 Advertising expense6,000 Depreciation expense4,630 Insurance expense1,200 Interest expense750 Maintenance expense2,450 Utilities expense5,780 Wages expense15,350 ______ Total$86,730$86,730 ___________________________________________________________ ______ E7. 8Refer to E7. 7. Prepare the balance sheet for Aaron Distributing, Inc. as of December 31, 2003. E7. 9Refer to E7. 7. Prepare the closing entries for Aaron Distributing, Inc. as of December 31, 2003. E7. 10The adjusted trial balance for Nick’s Golf Supplies follows. Determine the net income or loss for the month of November and the balance in the Retained Earnings account that would appear on the balance sheet. ____________________________________________________________ ______ NICK’S GOLF SUPPLIES Adjusted Trial Balance November 30, 2003 DebitsCredits Cash$1,340 Supplies2,870 Inventory19,590 Equipment15,225 Accumulated depreciation- equipment$10,875 Accounts payable2,440 Capital stock20,000 Retained earnings5,920 Sales16,000 Cost of goods sold10,500 Advertising expense100 Depreciation expense2,175 Supplies expense435 Wages expense3,000______ Total$55,235$55,235 ____________________________________________________________ ______ Problems P7. 1Kendall Corporation began operations on March 1, 2003 and completed the following transactions during its first month of operations. A. Issued common stock for $100,000. B. Paid $18,000 for a one-year lease on office space. C. Purchased office equipment costing $35,000 by paying $5,000 cash and signing a five-year note for the balance. D. Purchased office supplies on account, $750. E. Sent a bill for $4,500 to a customer for services performed. F. Received $1,000 from a customer for services to be performed next month. G. Paid employees for hours worked, $1,025. H. Paid half of the amount owed for office supplies in transaction (D), $375. I. Received, but did not pay, the monthly telephone bill, $275. J. Paid a dividend to owners, $2,000. Required: 1. Determine the effect of each of the preceding events on the accounting equation. . Prepare the general journal entries to record each of these events. Note you may want to set up T-accounts to keep track of some accounts. Do not prepare the adjusting entries. 3. Prepare the income statement for the period. 4. Prepare the statement of cash flows for the period. 5. Prepare the statement of retained earnings for the period. 6. Prepare the balance sheet at the end of the period. 7. Prepare the closing entries. P7. 2The following accounting events (A-I) affected the assets, liabilities, and owners’ equity of the Jackson Company during the fiscal year ended September 30, 2003. A. Purchased $23,400 in merchandise inventory for cash. B. Sold $45,500 in merchandise inventory to a customer for $68,250 cash. C. Purchased $16,900 in merchandise on open account. D. Sold $34,840 in merchandise inventory for $52,260 on open account. E. Received and paid the utility bill, $745. F. Paid employees $5,900 for wages earned. G. Received a partial payment from a customer on account, $37,700. H. Paid rent for the current month, $7,800. I. Recorded depreciation on store equipment, $3,900. Required: 1. Determine the effect of each of the preceding events on the accounting equation. 2. Prepare the general journal entries to record each of these events. Note you may want to set up T-accounts to keep track of some accounts. 3. Prepare the income statement for the period. 4. Prepare the statement of cash flows for the period (ignore beginning balances). P7. 3For each of the following items (A-L) indicate on which financial statement you would expect to find it. Some items may appear on more than one statement. 1. Income Statement 2. Statement of owners’ equity 3. Balance sheet 4. Statement of cash flows __________A. Cash, ending balance __________B. Sales to customers __________C. Accounts receivable _________D. Cash received from customers __________E. Cost of goods sold during the period __________F. Office supplies on hand __________G. Office supplies used during the period __________H. Ending retained earnings __________I. Taxes payable __________J. Dividends paid during the period __________K. Wages payable __________L. Cash paid for merchandise inventory P7. 4Everett Photography specializes in engagements and weddings, reunions, and family portraits. Everett is reviewing the following analysis of events provided by his accountant, but he cannot understand this analysis. Describe the events for Everett. A. Photo supplies debit, $2,000 Accounts payable credit, $2,000 B. Cash debit, $500. Unearned revenue credit, $500 C. Equipment debit, $5,000 Note payable, $5,000 D. Cash debit, $850 Revenue credit, $850 E. Accounts payable debit, $400 Cash credit, $400 F. Unearned revenue debit, $500 Revenue credit, $500 G. Accounts receivable debit, $2,500 Revenue credit, $2,500 H. Notes payable debit, $200 Cash credit, $200 I. Expense debit, $1,500 Photo supplies credit, $1,500 P7. 5Brandon’s Snow Removal Service has a fiscal year end of June 30. The unadjusted trial balance is followed by information for adjustments. ___________________________________________________________ ______ BRANDON’S SNOW REMOVAL SERVICE Unadjusted Trial Balance June 30, 2003 DebitsCredits Cash$10,140 Accounts receivable12,250 Supplies3,670 Prepaid insurance3,040 Buildings76,800 Accumulated depreciation- buildings$15,360 Equipment66,400 Accumulated depreciation- equipment13,280 Accounts payable1,755 Unearne d fees3,360 Note payable52,000 Capital stock50,000 Retained earnings1,960 Fees earned45,720 Advertising expense4,000 Repairs expense2,200 Supplies expense1,435 Wages expense3,500______ Total$183,435$183,435 ___________________________________________________________ ______ Adjustment data: A. Unused supplies on hand, $250. B. Depreciation on buildings, $3,840. C. Depreciation on equipment, $6,640. D. Unearned fees still unearned, $1,000. E. Salaries earned but not yet paid, $360. F. Accrued interest on the note, $430. G. Fees earned but not recorded and not received, $600. Required: 1. Prepare the adjusting entries. In some instances, it will be necessary to establish new accounts for items not shown on the unadjusted trial balance. 2. Determine the net income or loss for the period. 3. Prepare the closing entries. Case Select a company that is featured in this week’s issue of BusinessWeek. Using the company’s annual report, answer the following questions: A. Examine the balance sheet of this company. Which accounts have debit balances and which accounts have credit balances? B. Trace the net income from the income statement to the statement of owners’ equity. C. Trace the ending balance of retained earnings from the statement of owners’ equity to the balance sheet. D. Trace the ending balance of cash from the statement of cash flows to the balance sheet. E. What is the date for the end of the accounting cycle?

Why Men Are Typically Taller Than Women

Why Men Are Typically Taller Than Women While studying genetic factors behind different traits in men and women, University of Helsinki researchers have identified a genetic variant on the X sex chromosome that accounts for height differences between the sexes. Sex cells, produced by male and female gonads, contain either an X or a Y chromosome. The fact that females have two X chromosomes and males only have one X chromosome must be taken into account when attributing the difference in traits to variants on the X chromosome. According to the studys head researcher, Professor Samuli Ripatti, The double dose of X-chromosomal genes in women could cause problems during the development. To prevent this, there is a process by which one of the two copies of the X chromosome present in the cell is silenced. When we realized that the height associated variant we identified was nearby a gene that is able to escape the silencing we were particularly excited. The height variant identified influences a gene that is involved in cartilage development. Individuals that possess the height variant tend to be shorter than average. Since women have two copies of the X chromosome variant, they tend to be shorter than men.