Exercises ; Problems Solutions Essay Example for Free

Exercises ; Problems Solutions Essay Her owner’s equity decreased by $14,000 for the operating expenses recorded on August 10th, by $400 for the interest expense recorded on August 24th, and by $10,000 for the cash dividend recorded on August 29th. In other words, her owner’s equity was increased by revenues, and it was decreased by expenses and dividends. Interest is an expense because it represents a necessary payment to others (i. e. , creditors) for the use of their money—thus, it is a â€Å"cost† of doing business. Dividends are a distribution of profits to the owners of the firm and represent a partial liquidation of the firm. A dividend is not an expense because it represents a profit distribution; it is not a â€Å"cost† of doing business. f. g. When money is borrowed from the bank, an asset (cash) is increased and a liability (notes payable) is also increased by an equal amount. Net income is increased only when revenue has been earned—and money borrowed from the bank represents a liability that must be repaid, not revenue that has been earned. Paying off accounts payable decreases an asset (cash) and decreases a liability (accounts payable) by an equal amount. Collecting an account receivable increases an asset (cash) and decreases another asset (accounts receivable) by equal amounts. In both cases, only balance sheet accounts are involved. Net income is increased by revenues and decreased by expenses. The expense associated with a cash payment of an account payable would have been recorded in an earlier transaction (when the expense was incurred and the account payable was established); by the same logic, the revenue associated with the collection of an account receivable would have been recorded in an earlier transaction (when the revenue was earned and the account receivable was established).Amounts shown in the balance sheet below reflect the following use of the data given: An asset should have a probable future economic benefit; therefore the accounts receivable are stated at the amount expected to be collected from customers. Assets are reported at original cost, not current worth. Depreciation in accounting reflects the spreading of the cost of an asset over its estimated useful life. Assets are reported at original cost, not at an assessed or appraised value. The amount of the note payable is calculated using the accounting equation, A = L + OE. Total assets can be determined based on items (a), (b), and (c); total owners equity is known after considering item (e); and the note payable is the difference between total liabilities and the accounts payable. The retained earnings account balance represents the difference between cumulative net income and cumulative dividends. The problem could be solved without calculating this number.

Presidential Election 2000 :: essays research papers fc

The 2000 Presidential Election was one of the most suspenseful and unclear presidential elections for more than a century. For weeks after November 7, it had been uncertain to America who had won the presidency. The election’s closeness and bitter words between parties over the results will leave controversy for years to come.   Ã‚  Ã‚  Ã‚  Ã‚  When the elections began, the Republicans and Democrats chose their candidates. Caucuses were held in each state to choose delegates. It had begun like any other election, and there was a lot of competition in the primaries. There were six Republicans running for party nominations. As the son of former president George Bush, George Bush Jr. had more money than any other candidate for campaigning. On the other hand, Al Gore had a good reputation, serving two terms as vice president under the Clinton administration.   Ã‚  Ã‚  Ã‚  Ã‚  From July 31st to August 3rd, the Republican National Convention was held in Philadelphia. The Republican Party nominated Bush, he chose Dick Cheney for vice president. Under Bush’s father’s administration, Cheney had been secretary of defense. The Republican’s platform had been made to appeal to conservatives, with set positions on taxes, defense, education, and health care.   Ã‚  Ã‚  Ã‚  Ã‚  From August 14th through 17th, the Democratic National Convention was held in Los Angeles, California. Al Gore was nominated the Democratic candidate for president, with his choice of Joseph Lieberman as vice president. Lieberman was the first Jewish vice presidential candidate of a major party. The Democratic platform outlined the achievements of the Clinton administration.   Ã‚  Ã‚  Ã‚  Ã‚  There had been big differences between Gore and Bush on key issues. For example, Gore proposed a $500 billion tax cut, while Bush proposed $1.3 trillion. Bush was leaning for more defenses, and Gore was going for education. On the other hand, the two candidates had common opinions on issues. Both had supported stronger enforcement on the current gun laws. They both wanted to reform education in public schools. When the campaign had first begun, the polls had shown that the election would be very close. The candidates appeared on television talk shows, and had visited key states whose electoral votes would be important in the outcome. Gore and Bush’s previous positions also played a big role in the campaign.   Ã‚  Ã‚  Ã‚  Ã‚  Ã¢â‚¬Å"Third Party† candidates played a role in the 2000 presidential campaign. The strongest of the candidates was Ralph Nader. He is a member of the Green Party, and is a consumer rights activist. Presidential Election 2000 :: essays research papers fc The 2000 Presidential Election was one of the most suspenseful and unclear presidential elections for more than a century. For weeks after November 7, it had been uncertain to America who had won the presidency. The election’s closeness and bitter words between parties over the results will leave controversy for years to come.   Ã‚  Ã‚  Ã‚  Ã‚  When the elections began, the Republicans and Democrats chose their candidates. Caucuses were held in each state to choose delegates. It had begun like any other election, and there was a lot of competition in the primaries. There were six Republicans running for party nominations. As the son of former president George Bush, George Bush Jr. had more money than any other candidate for campaigning. On the other hand, Al Gore had a good reputation, serving two terms as vice president under the Clinton administration.   Ã‚  Ã‚  Ã‚  Ã‚  From July 31st to August 3rd, the Republican National Convention was held in Philadelphia. The Republican Party nominated Bush, he chose Dick Cheney for vice president. Under Bush’s father’s administration, Cheney had been secretary of defense. The Republican’s platform had been made to appeal to conservatives, with set positions on taxes, defense, education, and health care.   Ã‚  Ã‚  Ã‚  Ã‚  From August 14th through 17th, the Democratic National Convention was held in Los Angeles, California. Al Gore was nominated the Democratic candidate for president, with his choice of Joseph Lieberman as vice president. Lieberman was the first Jewish vice presidential candidate of a major party. The Democratic platform outlined the achievements of the Clinton administration.   Ã‚  Ã‚  Ã‚  Ã‚  There had been big differences between Gore and Bush on key issues. For example, Gore proposed a $500 billion tax cut, while Bush proposed $1.3 trillion. Bush was leaning for more defenses, and Gore was going for education. On the other hand, the two candidates had common opinions on issues. Both had supported stronger enforcement on the current gun laws. They both wanted to reform education in public schools. When the campaign had first begun, the polls had shown that the election would be very close. The candidates appeared on television talk shows, and had visited key states whose electoral votes would be important in the outcome. Gore and Bush’s previous positions also played a big role in the campaign.   Ã‚  Ã‚  Ã‚  Ã‚  Ã¢â‚¬Å"Third Party† candidates played a role in the 2000 presidential campaign. The strongest of the candidates was Ralph Nader. He is a member of the Green Party, and is a consumer rights activist.

New Orleans: After the Storm

On the 29th of August, 2005, a Category 3 Hurricane swept across the state of Louisiana and dealt major damages to the City of New Orleans, a tragedy never to be forgotten by the American Nation. Though the hurricane never hit the city itself, through its huge rainfall content, it has caused levee breaches which had dealt the most damage as flood devastated the city, and was thus dubbed as the worst engineering disaster in the history of the United States (Kilpatrick & Dermisi, 2007). Lost of lives and property were dealt during the incident, as the crime rates hiked up due to the disorder caused by the hurricane, and images of criminals engaging grand theft auto were seen live on television, as buildings were burning or being wrecked by the flood.Critics continue to blame various groups, individuals and factors for the terrible incident which has scarred the people’s hearts and minds, and has terrorized and affected both individuals and their pets who were residents of the ci ty, still learning who to blame, and being tight in releasing funds for insurance claims, and learning whether the state should pay for the damages or not. Yet, whether damages were paid or remain unpaid, and whether individuals who should be blamed were blamed or left unquestioned, it must be realized that beyond restoring the finances of the people and giving due justice, healing the wounds of each and every resident of New Orleans who currently suffer from the emotional, and psychological baggage which burden each and every one of them must be realized and given due priority.Faulty Urban Planning. The development of cities and industries has caused the increase of population in areas near industrial zones in consideration to the convenience brought about by being near to the jobs present in the area. The continuing increase in the population and demand for cheap homes have been the critical factors in pursuing the building of homes in marshlands, swamps, reclamation areas, and ot her low ground areas by the Government led United States Army Corps of Engineers, in the City of New Orleans. After the construction of the Inner Harbor Navigation Canal in 1940, the state closed the commercial waterways which were used before for waterborne commerce, leading to the drastic lowering of the city’s water table.The US Army Corps of Volunteers then built a levee system around the area covering much of the city’s marshlands and swamps, without consideration to the possible subsidence brought about by the compression of underlying soils. These brought about land subsidence of up to 8 feet or 2 meters in some areas which were reclaimed by the US government. A recent study of the Tulane University notes that 49% of New Orleans is below sea level, with the majority of the population on the higher ground. However, the mean elevation of the city has become between 1 and 2 feet below the sea level, with some parts as high as 16 feet and some parts as deep as 10 fe et. The city is also bordered by the Mississippi River and Lake Pontchartrain, and is marbled with canals and bayous (Galle, 2007) which maybe considered geologically hazardous.Moving on. Two years after the incident, the residents of New Orleans are still trying to cope up with the emotions, and the losses which they have incurred during Hurricane Katrina. For some individuals, moving on might be a very easy thing to do, especially if they have some other place to move on to. Yet for some, the typhoon was just the beginning, especially if they’re homes have been washed out or burned by some thug or all their assets and even their pets are gone. A year after the typhoon businesses in the high ground started to bloom again, as most of the restaurants are open, the Convention Center began to have bookings, and almost all of the premium office space in the business district is occupied, and the Port of New Orleans is nearly back to normal.Tourists have also started to come back, and almost half of New Orleans’ pre-Katrina population is back mostly crowded into the high ground along the river (Ydstie, 2006). For some individuals, the damage dealt by Hurricane Katrina was something that has made them further down, as insurance companies refused to pay some victims due to some loopholes within the insurance policies such as the wind vis-à  -vis flood, and the flood vis-à  -vis hurricane policies. Some insurance companies claim that individuals could not be compensated for their wrecked homes if their insurance policy says that their houses are insured for hurricane since it was the flooding that has caused the house to be destroyed, a heartless argument that gives no consideration to the logic that there would be no flood if there was no hurricane at all. Worse are the insurance companies who argue that wind was the cause for the houses’ roofs to come off and the flooding did not cause it, thus they would only pay partially for the damages.The se defenses and loopholes of insurance companies made things worst for Katrina Victims, and should be condemned. While most of the individuals suffer from more stressful damages brought about by such insurance companies, what should be stressed for them is the fact that, the first rule of insurance policy construction is that ambiguous policy language is interpreted against the drafter (â€Å"contra proferentem†) which in most cases are the insurance companies, and also that, insurance agents, must also then be sued for their negligence towards their jobs of making such loophole-full policies (Abraham, 2007). Also individuals who lost their houses are troubled by some policies such as the high ground policy which forces them to make their houses higher, individuals who have problems with stairs such as those suffering from arthritis are troubled by this.Pets after Katrina. During the Hurricane, the residents of New Orleans initially saving their lives left their pets behind. Cats and dogs of different breeds and species were lost, and were forced to roam a world which was unknown to them, while being thirsty and unfed, and while some residents were trying to find back their pets some individuals were arrogant about them such as the cop who threw out a dog named snowball out of a bus (â€Å"Snowball! Snowball!†, 2005). A year after the incident, organizations such as the North Shore Animal League of America, helped retrieved pets of New Orleans’ residents. Initiatives to house some of the pets which no one claimed, however there has been a lack of credible population to adopt such pets.Lessons learned. Some individuals say that the impact Hurricane Katrina has dealt is comparable to the impact of the Oakland Firestorm which hit Oakland California in 1991, which then, was a large urban fire which occurred in the northern Oakland, California, and which has killed 25 people and injured 150 others. While some issues of Hurricane Katrina are com parable, such as the amount of damage dealt, and the fact that most of the victims of the Oakland Firestorm were somewhat unaware of their insurance policies just like the victims of Katrina, the issues of complacency and uncompetitive planning are the factors which make the circumstances of the two incidents different. While the damages dealt by Hurricane Katrina were due to the lack of mitigation, and the lack of competitive advantage in terms of planning, the damages brought about by the fire in Oakland California were mainly due to the complacency of the residents and the local municipality in terms of controlling the fire.Reflections. While it holds true that acts of God could never be controlled by man, it must always be taken into consideration, that God has given us our brains for us to analyze and think about what we can do just in case. In the case of Hurricane Katrina, the damage could have been avoided if there were only enough mitigation done, such as holding studies ab out the geography and the soil composition of the area, and taking a close monitor over the movements of the soil and the water levels, and making detailed and well thought off engineering measures to prevent such incident from happening again. It must also be taken into account that there have been not enough measures to provide emotional support for the victims of the typhoon, and such emotional stress and tension must be given consideration and priority by the government and other support groups.ReferencesAbraham, K.S. 2007. In Brief : The Hurricane Katrina Insurance Claims. Virginia LawReview, 93, 157-164.Bach, A., & Miller, C., 2003. Lessons Shared from Oakland-Berkely Hills. Retrieved September14, 2007, from http://www.hillsemergencyforum.org/docs/Media-LessonShared.pdfGalle, J. 2007. Special Reports : Vulnerable Cities. Retrieved September 15, 2007 fromhttp://www.weather.com/newscenter/specialreports/hurricanes/vulnerablecities/neworleans.htmlKilpatrick, J.A., & Dermisi, S. 2 007. The Aftermath of Katrina: Recommendationsfor Real Estate Research. Journal of Real Estate Literature.Snowball! Snowball! The Little Dog Who Broke A Nation's Heart! Hurricane Katrina'sLittlest Victim. 2005. Muttshack Animal Rescue Foundation, posted Sept. 6 2005. Retrieved, September 14, 2007 from, http://www.muttshack.org/2005/09/snowball-snowball-little-dog-who-broke.html Ydstie, J. 2006. Katrina Victims Still Struggle to Find Way Home. Retrieved September14, 2007 from http://www.npr.org/templates/story/story.php?storyId=5720114

A Reflective Review on a Management Project - Free Essay Example

Sample details Pages: 5 Words: 1581 Downloads: 2 Date added: 2017/06/26 Category Management Essay Did you like this example? Part A. The project was not so challenging for me as one of our group member works there. So it was easy for us to ask permission from Manager of Hospital to do research. XXX Rest Home and Hospital is for elderly people, and its about helping, so it was really nice to do research there. Don’t waste time! Our writers will create an original "A Reflective Review on a Management Project" essay for you Create order My focus and observation was to complete the research and provide solutions to the manager about its existing problems. I had good opportunity to learn new skills. I got chance to communicate with different people of different status, religion, values. I got chances to do presentation, attend meeting with staffs, doing interviews and problem solving and time management skills. No, my perception was not changed after finishing the research. The research is on Hospital and I have worked in hospitals as staff, so it was easy for me to know the basic things. As it was a good opportunity to learn new skill like time management, problem solving, so it was good work for me. During the whole process I was helped by my friends, so it was more effective. This research was an opportunity to learn new things, which I did not know before. I was more curious and seeking something new, so I learn how the Hospital runs, how they do quality management. I will try to make it more effective. I would like to avoid extra time. I would like to go more on depth, to maintain good standard and to make good presentation. I’d like to conduct interviews with more staffs and clients, to know more about hospital. Group was good and effective. It was a great experience working in a group. On the first meeting we decided the place of research, had research on website and one of our group member is working there so she share his knowledge and about that Hospital. Second meeting was to know the problems about that hospital. We had discussion on that topic. We knew our individual responsibility. One group member was given responsibility to conduct meetings. Then we wrote down every group decisions and problems we had during research, which made easy for us writing this assignment. We had good group dynamic, we did not run away from our responsibilities. We learn from one another, as we had different views, ideas and way of thinking. We had support to each other and it ga ve me confidence. As an exception, sometimes time management was not good, as all of we are working and sometime it was hard for us to manage time and it was frustrating not to finish work on time. Even through the difficulties, we did our work on time and group communication, dynamic was excellent. Part B. The Problem Solving Process Selected From The Project Process. First we wrote down the possible problems that may have in Hospital. We had discussion on those problems and we decided to research about those problems. During the research I use following steps; Identify the problem: we focused to identify the problems that are existing in XXX Rest Home and Hospital. We did interview to manager, clinical leader to discuss about the existing issues of XXX Rest Home and Hospital. After interview we did discussion and analyzed to find the problems. Analyse the problem: during analysing the problem, we gather information from staffs, clients and respected people also we had observation. Though the discussion we came to know the problem of communication and not having team dynamic. Staffs had communication barrier with some clients, and they need to buy and fix equipments. Conforming solution: we did research in the problems; we had power points from tutor to find the possible solution for the problems. Implementation of solution: we gave the list of solutions to the manager and hope they implement the solutions. I think working in new ways and with new skill are better way to understand it in depth. I prepared list of questioners for staff and distribute on them. I also did interview to manager to discuss about solving problems. I made sure all the data are applicable for research. I did very good planning and collect the evidence needed for research. I was seeking for appropriate solutions. So the questionnaires was not given to all staff, some staffs are in different shifts and the answers were confidential. If I can do problem solving again I would like to record interview and ask more questions to staffs. I will like to observe staffs for long time, how do they behave and how do they treat clients. The decision making process you selected as part of your project process. Personally I think Autocratic style is the best strategic in decision making process. This style doesn’t bring major problems. I will use management theories properly and instruments for data gatheri ng. We use Six thinking Hat as the tool for decision making. This tool was used on all objectives. This tool was done on staff training, manual handling, and staff attendance. The decision making process was effective for our research. This helped us to look on every aspect on detail. So the decision making process was kind of easy for us. But some time it was difficult to use Six thinking Hat, as it is confusing some times. If I can do again then I would like do more reading and gain knowledge on the related topics, to make decisions accurate and effective. Before make any decisions I would look for the consequences it brings. The research method you selected as part of your project process For research methods we used interviews, questionnaires, observation. We also conducted interview with manager, residents, staffs, resident’s family and we gathered information we needed. Observation was good because we knew how the staff works, their attitude, how they treat clients. We came to know about daily routine of XXX Rest Home and Hospital. It was very effective during the research. Interview was very good and effective because it was done face to face. The topics were discussed with the manager and clinical leader. This helped us to know their values, leadership style. Questionnaires were very effective; it helped us to know residents view and their family perception about XXX Rest Home and Hospital. They gave their thinking about the services of the Hospital. We looked to website also to know mission and objective of XXX Rest Home and Hospital. These methods were very effective during our research. We put our great effort to gather information. We divided the task equally for all of us. To make research effective we discuss the confessional topics. We made sure that we gather effective data. We had great team dynamic. We did not use statistical analysis. We did our research within the premises of Hospital. We just wrot e down the information. Yes planned research instruments used: Set the question in organized way Maintain confidentiality of information Gathered data in absolute term. If the project needs to do again, I would use the same methods as it is helpful and appropriate. The management of the project process We did not use any standard management model during the process. We used different approaches during the process. We planned the project properly and we did not have many approaches to reduce difficulties. It was a good team work, we team members were from different cultural background, it was a good experience working with them. We try to give our best in the research; we bear the responsibility so it was not hard task for us. If I had to do this project again, I would improve time management and make good group dynamic. Application of management concepts Controlling Organizing Planning Controlling is very necessary for quality management. We all controlled the tasks that were designated or given to us. We made sure that we do not try to control each other because this was a group project and all the group members believed in each other’s strengths. Organizing is the way to take the research in a way. We organized time for observation, group meetings, and interviews in a systematic way. Planning was very useful during the research. We planned the time table and the task we need to finish. We used the principle of ethical research, we sent official letter to ask permission to do research on the hospital. Critical review of the solutions your team proposed to the managerial problem From the research we provide numbers of solutions, and they are discussed below: Communication between manager, staff and residents: there should be good communication between manager, staff and residents. Good communication helps them to provide quality services and it also reduces misunderstanding and miss concept. Encourage people to be a volunteer to help the caring service for residents. If the hospital have financial problem then they can look for volunteer care givers. This is the best way to provide person centre care, and they do not need to pay also. Volunteer makes the work fast. Increase the number and quality of equipments. In order to provide quality care hospital needs to improve the quality of equipments. . Education of time management to manager and staff. Regular training programmes encourage staffs to provide quality care. Training can improve staffs skills and provides knowledge. These solutions can make facilities services much better and quick. This will attract client in this hospital. I believe these solutions are effective to implement and the result will better.