Unit 6 Scenario Essay Example | Topics and Well Written Essays - 500 words

Unit 6 Scenario - Essay ExampleThe producers would like to hike the expense to P2,where the whole value burden is borne by the visitors. But provide the visitors be willing to pay for the increase in price because of tax. So the demand and supply do not match, at point P2, there is an excess supply. Hence, the price has to come down to P1, where Q1 will be both demanded and supplied.It is evident that, the price of the product for the consumer increases from Pe to P1, which is their share of tax and is about half of the tax of XY. Producers now live C per unit, after paying tax PeC per unit. The revenue for the producers falls from OPeWQe to OCYQ1. The government will receive a tax revenue equal to CP1XY and the market sizing falls from Qe to Q1. This may have an implication on the employment in the society as firms may employ less number of people and the visitors will also think about alternate places of entertainment due to the increase in prices. However, the tax burden on th e consumers and producers will vary depending upon the price cracking of the entertainment service.On the other hand, if the option of charging a special tax on the shop owners based on the shop size, then, the smaller shops will be at the advantageous side. Smaller shop owners will pay less taxes and so their ratio of profit to investment will be high. If the owners with bigger shops call for to share the tax burden with the consumers, then the price of products from the big shops will be higher than that from smaller shops. It will create opportunities for unfair trade practices. This aptitude discourage entrepreneurial activity and even encourage shop owners to search for better places with favorable tax climates. Hence, the option 1 of imposing indirect tax will be a better

Inside a Computer Laboratory Lab Report Example | Topics and Well Written Essays - 3000 words

Inside a computing machine Laboratory - Lab Report ExampleSome offer narrow down functions such as transaction processing, discrete mathematics, statistical data analysis while others simply offer an internet connection. Additionally, computers can use for gaming and pleasure and develop software. Purchasing a laboratory or business PC can be sometimes a frightening experience and sometimes really confusing. When making the corrupt, it is probable that you will have a general idea of what you may want in the PC and how you would like to make the configurations work for you. Computer schemes as you may be aware consist of both software and hardware. The hardware components are tangible components of the system main memory, CPU, peripherals such as a monitor, video display etc. The software part is the set of instructions that define what the actions of the computer hardware (Alagar and Peryasammy 2011). Typically a computer requires both the system software In the process of pu rchasing it is important to that you ask yourself some questions regarding the computer specification. First, you need to list down how the computer is going to be used. Secondly, the software that will be used can follow and here you determine whether any specialized functions are going to be used. ... The ICT segment decided to purchase Desktop PCs with the following specifications Central processing unit AMD, Hard Drive Storage - 80 Gigabytes Random Access Memory - 4GB SDRAM Hard Disk belt along (5400 RPM) Visual display unit -Graphics Card. Motherboard Monitor Liquid crystal display. Operating System - Windows 7 Ultimate 64-bit Desktop Case Optical Drive videodisk Reader and Writer Justifying the above selection. Central Processing Unit (CPU) - AMD A highly effective processor assists the computer to function optimally. The CPU is the center or brain of the computer and it executes and controls the highest percentage of the work done by the PC. CPUs are major of two types Ad vanced Micro Devices (AMD) and Intel processors and the procurement manager in the ICT department made the choice from the options. CPUs are commonly defined by their processing speed and power- gigahertz (GHz) or in megahertz (MHz) - and this directly refers to the number of commands and operations they can execute per second (Shiva 2007). The higher the processing speed value, the faster and to a greater extent efficient the PC will perform and it follows that it will be more expensive. The most recent dual-core CPUs have two processors embedded on a single chip and they operate more efficiently at lower speeds, for example, AMDs Athlon X2 CPU and Intels Pentium family. Most recently more scalable and powerful processors that use a 64 endorsement internal architecture, compared to the previous 32 Bit internal architecture models, have been deployed in the market. Computers built with a Dual-core CPU can perform comparatively faster than those using Mono-core processors, specifica lly when multitasking. It is therefore well(predicate) to make the choice of computers

Database Design Process Project (Preparation) Essay

Database Design Process Project (Preparation) - Essay ExampleMoreover, it offers specific built-in templates that urge the droprs to choose well suited ERD template according to the needs and requirements of the projects. Once a template has been selected by the user, the shapes (entities, relationships, category, etcetera) fire be drawn by nevertheless pick and drop method. The entity represents a table of a database and the relationship shape represents the relation amongst two tables which can be one to one, one to many, etc. After dragging an entity to the drawing board, the user can lend an entity / table name, diverse columns and their names according to the requirements of the table, the data types of the created columns, selection of primary key, check / mark off if a particular column must have a value and the column referred to as the inappropriate key (if any). In this way, the user can add several entities / tables as per the requirements of the database design u nder sufferment. After adding all the entities to the drawing board, the user can add relationships between the entities by relating the primary key with foreign key and this can be done by dragging the particular shapes. Moreover, the MS Visio provides the functionalities to add triggers, indexes and notes on entities and their relationships. When the users are done with creating the entity relationship diagram, the file can be saved in .vsd format in the hard drive of the PC / laptop moreover, the saved file can be edited or updated when required. The MS Visio offers the functionality of viewing the complete diagram, page setup and printing the diagram (Sethi, 2006). It is required for the Riordan Manufacturing Virtual Organization to develop policies, guidelines, standards and practices to put in place for the use of the MS Visio. I would suggest the organization to use the conventional standards of ERD elements to represent an entity there should be a rectangular shape along wi th one wrangling having the entity name and one rectangular shape should only represent one entity. The primary key of the entity should be represented by a key symbol, the relationships between the entities should be represented with dotted lines and the color of the foreign key attribute should be red. Furthermore, the overall ER diagram should be easy to understand and circumstantial to conceive by everyone, therefore, it is recommended that the users should add proper notes that would assist and aid the users to understand the diagram completely. It is pertinent to mention here that the MS Visio offers the same template to develop ER diagrams. The practices and guidelines for naming convention of the tables and attributes should be clarified to the employees and users of the MS Visio in the virtual organization. I would suggest to the management of the organization that the table / entity name should ever start with tbl characters, for example the entity name tblCustomer i-e the entity or table having the information of the customer. The pre-characters of the attribute name should be understandable having first character of the table name and dandy characters like the attribute name cFName can be read as the first name of the customer. The employees of the virtual organization should be given proper teach on the guidelines, standards and practices for using the MS Visio to develop the ER diagrams. The employees should be guided on saving the file names and should have

Business Plan for a food truck Article Example | Topics and Well Written Essays - 1750 words

Business Plan for a food truck - Article patternOur marketing mix which includes all the segments in terms of pricing, place, promotion and product are updated. The companys financial projection and the current trends in feat is a good indicator of the ability of our company to break even spendthrift and start realizing its profits.N. Panadas is the name of our company which is located at 12321 University Blvd., Orlando, FL, 32817. Our Company is a Venezuelan food truck that offers Venezuelan empanadas. N. The stuffing for the empanadas is your choice of beef, chicken, cheese, shrimp and fish.While attending to a college I noticed that most of the common fast food chains were built around college campuses. While offering a lot of variety, there were no fast food chains offering empanadas. just about importantly none of the fast food chains offered delivery to dorms even while being across the street from them. N.Panadas offers not only authentic Venezuelan empanadas but too cate rs to the college lifestyle.The fast food industry is one of the booming industries in terms of business. Most of the students have no time to prepare their induce food and would therefore bump into any food store to look for food. For this reason the N. Panadas has decided to meet the needs of our customers. Our target customers as already described preceding(prenominal) as the UCF campus students. Most of our target group is students who are aged between 16-30 years. This is a youthful stage which requires a lot of expertness due to their extensive active nature in their daily activities. The figure below is an indication of the rising fast food trends.The figure projected above represent the rising population of our target location. There is a good indication that with the rising numbers of the population the fast food industry demands also increases as well. This is proof enough on the rising profits that are being attained from the fast food company. With these projections i t is expected that N. Panadas company is potential to enter

Describe Your Accomplishment Essay Example for Free

Describe Your Accomplishment EssayDescribe the accomplishments you pass on achieved during this course. My first accomplishments are to pass the course of math and work terrible on the exam. Im accomplishment in getting a strong foundation in this course. This accomplishment is to understanding many areas covered in math, for examples whole number, the LCM prime factorization, and simplifying the expressions, Bar graphs and line graphs, proportions, rates and unit prices and ratios, percent problems, using the equations, simple and compound interest. These are example I have achieved this school quarter. Discuss unitary or two topics or concepts that have been a struggle so far.The concepts that I have a struggle with this shape start with rounding and estimating like for example, I would have something like maybe 47 but I know how you round to the closer which will be 50 and if the whole number is 1. The second concept I been struggle with has been simple and compound inter est has been the worse. For example If I had $1000 into and investment for 1 year. I learn the $1000 is called the principal.If the yearly interest rate is 8%, in addition to the principal, you get hazard 8% of the principal you get back 8% of the principal will be for the use of the money overtime. 8% of $1000 you can does like 0. 8 $1000 or $80. 00. Describe one action step you can take to overcome your struggle. One of my action step, Im trying very hard to overcome my struggle to me would be work more on my online classes, learn to turn homework in on time and talk to my Professor more if any probably buy the farm in my math course.Another struggle has been simple and compound interest use the practice to study before taking any type of raise whether you r class or other Professor. I try to use the study plan this has help me accomplishments and make good grade. This has been a course I ready need to pass fail this same class last semester.

The Legal System and ADR Analysis Essay Example for Free

The Legal System and ADR Analysis EssayAlternative Dispute Resolution (ADR) refers to any means of settling brawls out post of the courtroom. ADR typically includes betimes neutral evaluation, negotiation, conciliation, mediation, and arbitration. As burgeoning court queues, rising costs of litigation, and time delays continue to plague litigants, more states have begun experimenting with ADR programs. Some of these programs are voluntary others are mandatory. era the two most common forms of ADR are arbitration and mediation, negotiation is almost always attempted first to resolve a dispute. It is the preeminent mode of dispute resolution. Negotiation allows the parties to meet in order to settle a dispute. The main advantage of this form of dispute settlement is that it allows the parties themselves to control the process and the solution.Mediation is in any case an informal alternative to litigation. Mediators are individuals trained in negotiations, who bring opposing par ties together and attempt to work out a settlement or engagement that both parties accept or reject. Mediation is used for a wide gamut of case-types ranging from juvenile felonies to federal g everyplacenment negotiations with Native American Indian tribes. Mediation has in addition become a significant method for resolving disputes between investors and their stock brokers.Arbitration is a simplified recital of a trial involving limited discovery and simplified rules of evidence. The arbitration is headed and decided by an arbitral panel. To comprise a panel, either both sides agree on one arbitrator, or each side selects one arbitrator and the two arbitrators elect the third. Arbitration hearings usually last between a few days to aweek, and the panel only meets for a few hours per day. The panel then deliberates and issues a written decision, or arbitral confront. Opinions are not public record. Arbitration has long been used in labor, construction, and securities regulation , nevertheless is now gaining popularity in other business disputes.Title 9 of the U.S. Code establishes federal law supporting arbitration. It is based on Congresss plenary power over interstate commerce. Where Title 9 applies, its terms prevail over state law. There are, however, numerous state laws on ADR. Forty-nine states have adopted the 1956 version of the Uniform Arbitration Act as state law. The act was revised in 2000 and subsequently adopted by twelve states. The arbitration agreement and award is now enforceable under both state and federal law.In 1958, the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards was drafted to aid in the enforcement in domestic courts of awards granted in foreign countries. As of August 2007, there were 142 countries participating in the convention. In 1970, the United States joined the UN Convention on the Recognition and Enforcement of Foreign Arbitral Awards.ReferenceRobbins, S. P. Judge, T. A. (2011). Orga nizational behavior (14th ed.). Upper Saddle River, NJ Pearson/Prentice Hall.

Stewardship versus economic decision making in financial reporting

Stewardship versus economic finis making in fiscal reportThe main object glass of financial reporting according to the IASBs readying and Presentation of Financial Statements framework is that of providing adequate information in order to enable sh atomic number 18holders conduct economic decision making. This brought the debate of whether such objective ignored the importance of the stewardship assessment by the phonation of shareholders. In the past decade the IASB and the US FASB have been workings on a joint project to draw a conceptual framework for financial reporting. Such conceptual framework has the aim of providing a base for developing harmonised, future accounting standards. In 2008, the boards issued an depiction draft of chapter one and chapter cardinal of the conceptual framework with chapter one tackling the objectives of financial reporting.In the exposure draft that has been lately issued by the two boards, it was identified that the objective of financial reporting should be that of catering for all the decisions that with child(p) providers make, including both resource allocation decisions and decisions made to protect and enhance their investments. Further more than on the inherent exposure draft there is stated that information about the stewardship of an entitys economic resources should be considered as decision-useful information. Hence in this exposure draft it is clear that the two boards shifted from cerebrateing solely on economic decision making, to general decision making, with stewardship being included in such broader definition.Although this move to focus on decision usefulness rather than specifically on economic decision making was a means to subsume stewardship in the objective of financial reporting, authors such as Andrew Lennard still argue that stewardship and decision usefulness should be recognised as separate objectives.stewardship contributes an important dimension to financial reporting, which should be reflected by specific credit in the objectives of financial reporting.1The majority of the authors who recognise stewardship as a fundamental objective in financial reporting, claim that financial statements should be prepared on the basis of historical costs. This ensures in providing a clear, factual account of the transactions that occurred during the year, over which management had control. Thus reporting on historical cost rotter aid shareholders accomplish their stewardship assessment needs infract.On the other hand, to cater for decision usefulness, especially in terms of economic decision making, financial reporting would focus more on the forecasting of future cash flows. Such objective would be better addressed with valuations based on market values, since they better reflect the timing and certainty of future cash flows. This is leading to the emergence of valuation techniques based on current values, such as ordinary value.The bridal of white value accounting is per haps one of the most controversial issues currently being faced by the accountancy world. Both the IASB and the FASB have been working on this issue for the last couple years. Traditionally, financial reporting has been exclusively based on historical costs. The use of current values, such as fair value reporting emerged relatively recently, and was applied to only few selected areas. One of the areas where fair value had a major influence is in the measurement of financial instrument. Using market values to value Financial Instruments is deemed to be reliable (since markets in these items are well developed) and relevant (because the values of financial instruments can look large fluctuations, thus historical costs depicts a very poor picture of current values). However, in the nearby future, fair value measurement is presumable to be extended to other assets, especially in the light of the fact of the IASBs and FASBs perceived preference for fair value measurement even where the market is non well developed.The IASB believes that fair value measurement under IFRS and GAAP is already consistent. Also, the IASB and the FASB go forth continue to work together to ensure that applying fair value in an inactive market is accounted for consistently2.Shareholders are divided into two main categories, private individuals and institutional investors. Although financial reporting is designed to cater for the needs of capital providers, due to the lack of knowledge commonly found within private individual shareholders, concerns may arise on what such private individual shareholders break as useful, for their decision making.Need for the studyThe dissertations objective is to identify the current needs of private shareholders and what they identify as valuable information. The dissertation shall then try to what extent the focus on decision usefulness and the forecasting of future cash flows through fair value accounting shall aid private shareholders in satisfying their requirements.Research MethodologyThe dissertation go away be of a qualitative nature. The aim of such dissertation is to achieve a deep soul of what local private shareholders value as relevant information, and to examine whether the emerging concept of fair value accounting will be providing such users more relevant accounting information. The aim of the study is not to generalise findings but to obtain rich description on the underlying topic.The method being interpreted into consideration to gather the qualitative data is the setting up of focus groups with shareholders. Such group discussions provide direct evidence about similarities and differences in participants opinions. Participants are not required to answer for every question enabling them to build on one anothers response. Furthermore by acting as a moderator I can ensure that the discussion is always kept on track.Finally, focus groups can be considered as a more plausible solution when compared to liberal en ded interviews with shareholders. The response rate of shareholders to a focus group is likely to be greater when compared to a personal one on one interview, since the last mentioned is perceived as more intrusive. The main limitation of using focus groups is perhaps the risk that people influence each others response. As a impression the response of participants can be different than the response that would have been generated from a private one on one interview.Shareholders from two local, listed companies are going to be considered as the population sample. These companies are Bank of Valletta and HSBC. The choice fell on these companies because due to the recent changes to IAS 39 and IFRS 7, fair value measurement had a considerable impact on the banking sector. Thereby, due to such fact shareholders can be even more concerned and affected with the underlying subject. Two focus groups are planned to be set, one with BOV shareholders and one with HSBC shareholders, with groups ranging from six to twelve members. Shareholders list can be obtained from the Malta Financial Services Authority. The sampled population will fling overseas shareholders, trusts and investment companies, thus focusing solely on local private shareholders.Chapters OverviewIntroduction firstly the stewardship versus economic decision making debate will be tackled, and its effects on valuation on financial reporting will be analysed. The dissertation shall then focus on the emergence of fair value as a measurement tool and its prospective usage. Furthermore fair value will be compared and contrasted with cost based valuation. The introduction will also include an examination of how each valuation method caters for the individual private shareholders requirements.Literature Review literature review can be cerebrate on two aspects being the debate of fair value measurement versus cost based measurement, and the debate of whether private shareholders use accounting information mostly for economic decision making, or to assess stewardship.Research Methodology in this section I shall describe how the results were achieved, explaining how the data was collected and analyzed. This section shall contain the weaknesses and limitations of the interrogation methods and methodology used. In the methodology I shall also include any problems that I anticipated and explain any steps taken to prevent them from occurring.Findings this part of dissertation will contain the information generated from the focus groups. Results will be presented, interpreted and discussed in this section.Conclusion this part will provide concluding insights on the research, and recommendations of other research questions that can be tackled to improve the research on the area. The main questions to be answered in this section are what has been learnt from the results? How can this knowledge be used? What are the shortcomings of the research?Bibliography chronicle Standards Board. (2007). STEWAR DSHIP/ACCOUNTABILITY AS AN OBJECTIVE OF FINANCIAL REPORTING A comment on the IASB/FASB Conceptual Framework Project. UK Accounting Standards Board.Alan Bryman, E. B. (2007). Business Research Methods 2 edition. UK Oxford University Press.Doron Nissim, S. P. (2007). ON THE APPLICATION OF FAIR VALUE ACCOUNTING. Columbia Univesity.Lennard, A. (2008). Stewardship and the objectives of financial statements a comment on IASBs Preliminary Views on an improve Conceptual Framework for Financial Reporting. UK Accounting Standards Board.RONEN, J. (2008). To Fair prize or Not to Fair Value A Broader Perspective. Accounting Foundation , Sydney.Schmidt, S. (2004). Fair Value Accounting. US Governors of Federal Reserve System.Whittington, G. (2008). Fair Value and the IASB/FASB Conceptual Framework Project An Alternative View . Cambridge University of Cambridge.