...Subject: ___________________ Name: ___________________ Class: _______________________ Date: ___________________ Score: ___________________ / 100 Part 1 Reading Comprehension (Total: 20 marks) Magazines Around the World Apart from the textbooks that students use at school, can you guess what is the most common and accessible type of reading format throughout the world? We see them daily on sale. You can get them from convenience stores, supermarkets and even from the Internet. Do you have any idea what they are? Yes, they are magazines. There is a vast variety of magazines around the world. They can be about cars, yachting, celebrities, health, business, cosmetics, literature, etc. Due to their wide variety, they account for much of our entertainment in life, and are a source of information as well. A) Time Time is a weekly American news magazine that covers mostly human issues. Its first issue was released in 1923. Today, Time has become an influential magazine around the world. One of the many features of Time is the annual cover story ‘Person of the Year’. People who have the biggest effect on the year’s news will be chosen as the main topic of the cover story. In the past, people such as Adolf Hitler or Joseph Stalin have been chosen as ‘Person of the Year’. In terms of style, Time is also known for its standard design ― a red border on the front page. It was changed for the very first time into a black border after the 911 attacks...
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...TO: FROM: Team 3 DATE: September 03, 2014 SUBJECT: Justin Anson Distillery, Inc. Case Business Brief Justin Anson Inc., a company operating in the alcoholic beverage industry, has managed to double sales revenues in the last 10 years selling high-quality whiskey. In 2012, the anticipation of increased demand was supported with an increase in production by 50%. Even though the revenues remained at the same level ($46,200 million), the company ended the year with a net loss of $895,000. Hence, it is obvious that the problem stems from costs. Analysis The Income Statement for 2012 results in a net loss due to the mistreatment of inventorial and period costs. The costs for manufacturing bourbon whiskey, that requires a 4-year-period of maturing before being ready for the market, burden current revenues. These costs (the cost of bottling, labor and supplies expense of chemical laboratory, cost of barrels used, warehouse labor and warehouse supervisor) are inventorial costs that increase the inventory amount (assets) in the Balance Sheet, and they are going to match revenues at the time they get sold, as part of Cost of goods sold in the relevant Income Statement. In the case the manufacturing costs for bottled whiskey are not considered in the Income Statement for 2012, the net loss changes into a net income of $682 million (Exhibit 1). Costs of goods sold cannot increase dramatically in case revenues constantly held. In that case, a company that has been profitable...
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...In The Great Gatsby, Jay Gatsby becomes wealthy to win back his love, Daisy Buchanan, who couldn’t be his because of his poverty. While Daisy wants to be with Gatsby, she chooses Tom Buchanan because of Gatsby’s illegal business, despite the fact that Tom was cheating on Daisy by having an affair with Myrtle. In the end, Gatsby takes the blame for killing Myrtle from Daisy, and thus is killed by Myrtle’s husband. In “The Rich Boy”, Anson Hunter loses Paula, someone he dearly loves, because he disgraces himself by getting drunk all the time. However, due to Anson’s arrogance and dominating nature, Paula leaves him and Anson cries “like a child” for three days (Fitzgerald “Rich” 328). Anson loses himself after the end of his affair with Paula, and learns to be happier by moving on in his life. “The Bridal Party” is a comparison of The Great Gatsby and “The Rich Boy”. Michael Curly loses his girlfriend Caroline Dandy due to his poverty. When he finds out about her marriage to the wealthy Hamilton Rutherford, he decides to win her back. However, he fails to do so as Caroline chooses Hamilton over Michael, despite Michael’s newly inherited wealth. Michael seems to go into depression but cures himself as he realizes that he has not thought of Caroline for hours. All three of Fitzgerald’s works focus on...
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...a large audience when needed. Along the sides of the room were many pillars engraved with intricate deigns and light fixtures hanging from the ceiling. Guards had been placed standing at each corner of the room and two at the room’s main entrance. The prince swiftly made his way to the King’s throne and started to voice his questions. “Father, I didn’t know brother came back from his adventure. How come he hasn’t come to visit me yet? And what’s happening in Envad? Surely they can handle the problem on their own. Why should we get involved?” The King held up his hand giving his son the signal to stop talking, but he was ignored listening to the kid ramble on. Becoming irked at his son’s ignorance King Alaric slightly raised his voice. “Anson.” The prince fell silent. The king lowered his hand and began to rub the space between his eyebrows with his fingers before...
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...To: Craig Anson From: Subject: Costs to be included in Inventory when creating the Financial Statement October 11, 2015 Business Brief The Justin Anson Distillery, Inc. is a bourbon whiskey distilling company that was established in 1935 and quickly expanded into a million dollar company by 1960. Justin Anson attributes their success to the whiskey being produced with distinctive iron-free spring water and then being aged in fire-charred white oak barrels. As of 2012, the company is in the process of expanding its production in anticipation of a higher forecasted consumption of whiskey from 2011-2019. This entailed ramping up production by 1 ½ time the 2011 production numbers and the need to apply for a $3.3 million loan to continue the expansion endeavor. The only problem with this jump is that whiskey must age for at least 4 year according to regulations. This growth comes with a cost that as of right now is showing that the company had a net loss of $895,000 for the 2012 production year even though they brought in a net sales of $46 million. This visual loss could be detrimental to the company receiving the loan from the bank (Datar, 2014). The biggest problem that the distillery is facing is that they will not be able to continue expansion without procuring a loan. The company needs to find a lawful and truthful way to realign their costs for the year to reflect their initial expansion with the use of more barrels as inventory costs to bring the company up...
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...MEMORYMetals SMART MATERIALS This booklet has been produced as the 2003 resource for the Institute of Materials, Minerals and Mining Schools Affiliate Scheme and was written by Dr Diane Talbot. Cover photographs appear courtesy of: Tony Anson of Anson Medical Limited (top left and bottom left) Sandy Hill of the University of Rochester (top centre). Thanks are also due to: Jackel International, the producers of the Tommee Tippee © baby spoons for their information and kind donation of spoons to support this resource. Tony Anson of Anson Medical for the use of the photographs, useful information and kind donation of the shape memory metal wire to support this resource. Memory Metals Limited for the kind donation of the shape memory metal springs to support this resource. The Institute of Materials, Minerals and Mining Smart Materials Division, in particular Laura Walker, for their information. CONTENTS Introduction 1 Shape memory alloys 2 Piezoelectric materials 6 Magnetostrictive materials 8 Magneto- and electro-rheological materials 10 Chromic materials 12 Bibliography 16 How to use the accompanying resources Shape memory alloy spring Shape memory alloy wire Thermochromic spoon Thermochromic pen 17 SMART MATERIALS Smart materials have been around for many years and they have found a large number of applications. The use of the terms 'smart' and 'intelligent' to describe materials and systems...
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...catcher, Ray Fosse, whom was blocking the plate. It was a violent collision, which lead Fosse to suffer a fractured and separated shoulder. However, Rose won the game for the National team. Another time, he was suspend for 30-games for getting into a fight, in which he shoved the umpire. Rose’s personal character was questioned again after he was caught filing false income taxes and served five months in prison for tax evasion. Rose might not be the best role model, but he played the game fair. His stats prove he belongs in the Hall. Some other baseball greats, to not have the best personal character, and are Hall of Famers include: Ty Cobb, Cap Anson, Tris Speaker, and Orlando Cepeda. Ty Cobb, Cap Anson, Tris Speaker are all known racist. Only Tris Speaker has been connected to the Ku Klux Klan (KKK), but many suspect that Anson and Cobb were in the KKK, as well. Cobb was also known for being a very violent person. Cobb once attacked a handicap person and has several other assaults, under his belt, throughout his career in the MLB. Orlando Cepeda is another good example of a Hall of Famer, who does not have best personal character. Cepeda was arrested for smuggling marijuana and served ten months in prison. Though these players were not the greatest people off the field, they made it into the Hall of Fame because their MLB stats warranted it. Now that the steroid era of baseball has players on the Hall of Fame ballot, who took steroids; have the chance of entering the Hall...
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...did not do much to fight the Nazi effort and even though not all of them directly participated in the Holocaust, they did breed a nation of young extreme German nationalists whose ideals perpetuated the event. Extreme nationalism was a very popular topic for classrooms during and after World War I, which played a contribution to some of the main Nazis during the Nazi era. A large percentage of the Nazi base was born between 1900 and 1908 including Martin Bormann (born 1900), Rudolf Hoss (born 1900), Heinrich Himmler (born 1900), Ernst von Salomon (born 1902), Werner Best (born 1903), Reinhard Heydrich (born 1906), and Baldur Schirach (born 1907) were all men who went through the German school systems during and after World War I (Anson 337). The teachers during this time taught a nationalist bias that gave these students an unrealistic...
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...events that were kept secret are the stuff in movies. With all of the regulations, rules, laws, checks and balances the Madoff scam inflated to massive proportions before popping. The scheme as complicated as it was didn’t fool everyone. In fact, there was well documented evidence released to the government years before the fraud was charged that this was indeed a fraud of massive size. The inability of government to uncover the fraud that was delivered to them brings into question the effectiveness of regulations and laws. Description of events Bernie Madoff ran the world’s largest Ponzi scheme. In 2008, the biggest investment fraud in history was revealed and over $50 billion dollars had vanished once all the losses were tallied (Anson, 2009, p. 294). High net-worth investors, movie stars, pension funds, university endowments and others had fallen victim to his swindle. The most fascinating factor of the whole situation is that an astute portfolio manager by the name of Harry Markopoulos, of Rampart Investment Management; among others, warned the government for more than a decade that they believed this was all a giant fraud (Rhee, 2009, p. 366). Madoff fooled them all. Regulators failed in their investigations. Questions still baffle those who lost their life savings. Were the regulators intimidated by a powerful and well...
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...Pamela Kofton ANT 102 Cultural Anthropology Fall 2012 Ellsworth Center Marlboro Cemetery Lamoine, MaineThis old time cemetery in Hancock County, Maine seems, at first glance, to be a forgotten patch of Maine woods. Adjacent to a new housing development, Marlboro Woods with large homes spread out on Ldyia's lane, a seemingly bustling neighborhood of the future, an overgrown woods path leads to an entrance marked with a bent iron gate attached to stone pillars and delineated by a wire fence. Marlboro Cemetery is located in Lamoine, Maine off Route 204 (called Partridge Cove Rd) approximately 4.4 miles from the intersection of Rt 184 and 204. Turn left onto Lydia's Lane, drive approximately 0.1 miles. There is a path to the cemetery on the right. The cemetery is named Marlboro Cemetery. Marlboro is a village which was incorporated into the town of Lamoine. Although a number of gravestones do display Christian symbols, there seems to be no obvious church or religious affiliation represented, leading me to deduce this cemetery was used by all town members. There are a total of twenty two surnames represented with no prevailing ethnicity. Wives are buried with their husbands showing this is a patriarchal society. Most stones are crafted from the local granite with a few different types unrecognizable to me. Surnames Represented in Marlboro Cemetery (QTY) | Bowden (2) | Bragdon (6) | Closson (1) | Corey (1 + 1 Dog) | Ford (5) | Frye...
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...Finance Organization and Long-Term Planning Introduction Sensible Essentials, after considering the Genesis Corporation aggressive growth plan, suggested that Genesis should consider broadening their financing to consider long-term financing beyond just short-term financing. The organization has provided the potential costs and benefits of each long-term option available. Long-Term Financing A company needs long-term financing if they want to expand their business as Genesis is planning by starting operations in Europe and Asia. Sources of long-term financing include shares that are issued to the public and these holders are considered the owners of the business. There are two types of shares – equity and preference. The advantages of equity capital is no fixed maturity, no obligation to redeem, no compulsion to pay dividends, provides leverage capacity, and dividends tax exempt for investors. The disadvantages of equity capital are dilution of control of existing owners, high cost – rate of return expected by the equity holders higher than debt holders, dividends are not tax deductible, issue cost are higher due to underwriting, brokerage, and other issue expenses, along with higher servicing costs including post annual reports (Fedorov, 2012). Preference capital advantages are no obligation to pay dividend, no bankruptcy or legal action for non payment, financial distress of redemption obligation not very high, part of net worth which hence increases its creditworthiness/leverage...
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...Mailman Stops Old Woman’s House Headline: One Mailman Hears Crying Inside of an Elderly Woman's House. Immediately, He Breaks Down the Door to Discover a Shocking Scene. Summary: On one cold morning, Brian Willis started his normal mail route. As a mailman in Anson County, he did this route every morning. He never expected what would happen on this seemingly normal day. Introduction: For years, Brian Willis had delivered mail in Anson County. Each morning, he woke up and delivered mail to 156 homes. Over the years, he had gradually gotten to know the people along his route. One of his favorite customers was Margaret Collins. While she might have been 94 years old, she was still sharp and full of life. Brian reminded her of her son, so she loved talking to him....
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...Our case study discusses the rise and fall of one of the largest telecommunications corporations in the world, Nortel Networks Corporation. Nortel was one of the many early 21st century telecommunications companies that failed due to upper echelon management, a dysfunctional board of directors, inflated costs and earnings, and a smoke and mirrors illusion of stability. There were many avenues that could have been taken that would have prevented the demise and fall of the organization, but those roads were not traveled. Many argue that government intervention could have prevented the backlash and whitewater effect of Nortel’s bankruptcy, but due to corporate ties within the government and the Securities and Exchange Commission the many CEO’s continued to elude the government auditors and the stakeholders. From an ethical perspective, there were several factors that contributed to the rise and fall of Nortel. The initial CEO and founder of Nortel, John Roth, demonstrated altruistic behavior because he did want the company to profit, the investors to profit, as well as their primary stackholders. Nortel’s fall from grace came swiftly and on many fronts. Its market capitalization climbed to an all-time high of $398 billion in September 2000. Two years later, in August 2002, the amount had plunged to just $5 billion (Collins, 2011, pg. 536). In 2000, Nortel was Canada’s largest producing company and employed 93,000 people worldwide. Their research and development team was renowned...
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...According to the Section 100 (1) of the Companies Act 1965, which states that the share certificate should be the prime facie of the title of the member to the shares which means that the person named in the certificate is the owner of the shares and which is under the case of Kelapa Sawit (Teluk Anson) Sdn Bhd v Yeoh Kim Leng & Ors (1991). So, basically the title and the rights of the share still belong to the Adam in this case. Next, according to the Section 102 of the Companies Act 1965, which is loss or destruction of the certificates and Section 102 stated that (1) Subject to subsection (2) where a certificate or other document of title to shares or debentures is lost or destroyed, the company shall on payment of a fee not exceeding two ringgit issue a duplicate certificate or document in lieu thereof to the owner on his application accompanied by (a) a statutory declaration that the certificate or document has been lost or destroyed, and has not been pledged sold or otherwise disposed of, and, if lost, that proper searches have been made; and (b) an undertaking in writing that if it is found or received by the owner it will be returned to the company. In this situation, Adam responsible to inform the company as soon as possible when the certificate was stolen by the thief by doing so the company can take the action like not to transfer the shares to other...
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...Dear Sister I recd. a letter from you last night and as I have a chance I thought I would ans. it to day. I am all right yet but we are losing men every day. We are laying in Breastworks in sight of Petersburg and Batterys in the rear of us shelling the city. We had a capt. killed yesterday and nine or ten men killed and wounded in the Regt. and one killed to day and several wounded. We are so near the Rebs Breastworks that it is sure thing for a man to show his head he will either get a wound or killed. There was a Lieut. of another Co. comdg. our Co. since I came till yesterday and his Capt was killed and he had to go to his own Company. So I am in comd. of the Co. now. My health is good yet I stand it a great deal better than I thought I...
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