...Unit 6: Impact to the Profit and Loss Statement Eugenio Fernandez Cruzado Kaplan University AB299-37WCBOL Impact to the Profit and Loss Statement Tim’s Coffee Shoppe has been very successful lately with the local businesses around the shop and the large university. Tim seems to get most of his business from college students and people working in the downtown area. In Tim’s income statement, it shows that his highest expense is supplies for the coffee shop. His second highest expense is salaries. Then next are taxes, rent, depreciation, lease, insurance and interest in that following order. Tim’s Coffee Shoppe earned $400,527 in 2008 and his total expense were $326,016, which leaves him with a net income of $74,511. So if there are local businesses moving in around Tim’s Coffee Shoppe, will his business increase and what does this mean for his expenses, income and so forth? Granted, Tim’s business will pick up greatly with new businesses moving into the area. Therefore, Tim will probably earn more income, yet this means more expenses. We learned that Tim’s highest expense is supplies. If Tim gains more business, this means he will need more supplies and in return, spend more money on supplies. The second highest expense was salaries. If Tim gains more business, he may need to hire more employees to keep up with his growing business. This means Tim will have to pay more employees and this means his salaries expense will increase as well. Tim’s business...
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...Impacts to the Profit and Loss Statement AB299-02 Associates Capstone in Management January 21, 2013 As we can see, Tim’s Coffee Shoppe is one of the more successful businesses in town; being located near the local university gives Tim a great customer base. Tim’s Coffee Shoppe seems to acquire most of its business from the college students along with the people who work in the area. Once we begin to take a look at Tim’s income statement, greatest expense is the supplies for the coffee shop. Since there are new businesses that are moving in and around town, it is safe to say that Tim’s business will probably pick up. If his business picks up then Tim’s income will increase. But there is a price to pay with the increase in his income; there will be an increase in his expenses. We can see that Tim’s highest expense is his supplies, so this also means he will have to put out more money to increase his supply of supplies. It seems the second highest expense was salaries. Being that Tim will be gaining more business, he’s going to need more manpower to help serve the customers that will be coming in. This means Tim will have to pay more employees and in turn, his salary expense will increase. As expected, taxes, rent, depreciation, leasing, insurance and interest follow. In the year 2008, Tim’s Coffee Shoppe earned $400,527 while his total expenses were $326,016. This leaves Tim with a net income of $74,511. So the question is asked, will Tim’s business grow and increase...
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...The Impact of the FASB/IASB - “Financial Statement Presentation Project” The objective of project– The objective of the financial statement presentation project is to establish a global standard that will guide the organization and presentation of information in the financial statements. Nowadays, the globalization of financial markets is increasing dramatically. In order to assist investors, creditors, and other financial statement users to better understand the entity’s financial situation and to help users in their decision-making , it is necessary for the financial statements to be state on a common accounting framework. The Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) are working on converging U.S. Generally Accepted Principles (US GAAP) and International Financial Reporting Standards (IFRS). The goal of the “Financial Statement Presentation Project” is to consolidate the presentation of basic financial statements and format presented by a business entity, including the classification and display of line items and the aggregation of line items into subtotals. The following sections will outline the important changes in the new presentation for four major statements and finally arrive at a conclusion of the establishing of a new, common and high-quality standard presentation. structure of financial statement The complete set of financial statement in the project includes following statement: statement of...
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...that have an environmental impact in the United States. January 1st 1970, President Richard Nixon signed the NEPA which then proceeded to create the Council on Environmental Quality which would analyze the environmental impact of federal actions. The legislation during this period concerned primarily first-generation pollutants in the air, surface water, groundwater, and solid waste disposal. Air pollutants such as nitrogen dioxide, carbon monoxide, and ozone were put under regulation, and issues such as acid rain and global warming were also concerns. In surface water, the contaminants of concern were bacteria, suspended and dissolved solids, nutrients, and toxic substances such as metals. Finally, solid waste contaminants from agriculture, industry, mining, municipalities, and others were put under control. The NEPA goes through a series of actions before making a decision in order to document everything properly not in any particular order but in a common one. An Environmental Assessment (EA) is a screening document used to determine if an agency will need to prepare either an EIS or construct a FONSI. If it is determined that there will be significant (positive and/or negative) impacts, an EA facilitates preparation of an Environmental Impact Statement...
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...MADD, Impact on Social Policy Jacqueline Boyd BSHS 355 February 12, 2014 Pam Harris MADD, Impact on Social Policy The impact MADD has had on social policy is history breaking. Mother Against Drunk Driving has changed the laws regarding drinking and driving throughout the United States. MADD changed the legal age for drinking and purchasing alcohol. MADD has made the laws stricter; including more fines and punishment for breaking the laws. MADD has become one of the nation’s largest agencies to help improve assistance for families that have lost loved ones to drunk drivers. The organization has made historical changes in laws and legislature. MADD, Impact on Social Policy Mothers Against Drunk Drivers has made a significant impact on our society today by bringing changes in our drinking and driving laws. MADD, more commonly referred to, has implemented a change in drinking age and mandated strict laws for people who break these laws. From a simple outcry by the founder of MADD, this organization has grown to service millions. MADD was originally founded by Candy Lightner in 1980 after her 13 year old daughter, Cari was struck from behind and killed by a drunk driver. The driver had three previous drunk driving violations and had been involved in a hit-and-run accident and arrest two days before the incident involving Cari. One of the most effective leaders was Rebecca (Beckie) Brown from New Port, Florida. Rebecca became involved in MADD after her son Marcus...
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...serves to satisfy the victims’ experiences. An Evaluation of the Pilot Victim Statement Schemes in Scotland commissioned by the Scottish executive was carried out in 2007. Six different aspects of the Scheme was investigated which included the response rates of victims, their views on the pilot schemes, the criminal justice professionals’ views on the pilot schemes, the content of victim statements, the impact of the victim statement scheme on workload and court processes and the outcome of cases in which a victim statement was made. The research found that 61% of respondents felt better after making the statement even though more than half had no idea whether their statement was considered in court. Very few respondents made suggestions relating to the victim statement scheme itself and instead felt the desire to put their point of view across more generally. Another Research review requested by the Commissioner for Victim and Witnesses in England and Wales in 2011evaluated empirical research into the use of victim statements. The report was split into two parts where the first part contained general information about the scope of the VPS scheme in England and Wales while part 2 reviews empirical research into the use of victim statements at sentencing. The review found that there a common finding amongst several studies that victims were generally satisfied with making and submitting a statement as it had a therapeutic effects and helped them to move on from their experience...
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...relief this project can help ease some pains. If our government can waste millions upon millions on failed energy efforts than it can support one that will actually provide jobs and money to this country instead of taking money and not being worth the effort as many of the green initiatives have proven to be. The main opponents to the pipeline being built are on the environmental side. Their main reasoning is that it will have huge negative impacts on the environment and the areas in which the pipeline will cross through. Now while there is always the possibility of this pipeline having negative impacts on the areas around it but the way those on the environmental side would have attacked it are unjust. They claim it will leave a big carbon footprint and cause too much pollution in the environment. President Obama even made it a point not to permit this from being built until the dangers can be assessed. The State Department investigated and surveyed the probable impacts of the Keystone XL pipeline built and it discovered that the impact from building the pipeline would not be significant because the Canadians will extract the oil either way and find other means to transport the oil (Walsh 2014). Those in the environmental community still were not satisfied and claimed the numbers were wrong. The State...
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...best available through research even though it may not be the treatment used most frequently. 2. Best conventional treatment: a water treatment that is generally used among industries; not always the best treatment available. 3. Clean Air Act: federal legislations that establishes standards for air pollution levels and prevents further deterioration of air quality. 4. Clean Water Act: federal legislations that regulates water pollution through a control system. 5. Due diligence: process of checking the environmental history and nature of land prior to purchase. 6. Emissions offset policy: controls whether new factories can be built in a non-attainment area. 7. Environmental impact statement (EIS): formal report prepared under NEPA to document findings on the impact of a federal project on the environment. 8. Injunction: order of a court of equity to refrain from doing or to do a specified act. 9. Private nuisance: nuisance that affects only one or a few individuals. 10. Zoning: restrictions imposed by government on the use of designated land to ensure an orderly physical development of the regulate area. 1. Solid waste disposal regulations today deal almost entirely with recycling. False 2. The EPA has the authority of have activities halted through the use of injunction. True 3. Conduct that unreasonably interferes with the enjoyment of land is a nuisance. True 4. Public zoning and restrictive covenants in deeds have a similar purpose...
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...Criminal Case Case: R v Gittany Facts: Lisa Cecilia Harnum’s body fell from her shared high-rise apartment in the Sydney CBD minutes after trying to leave her abusive fiancé Simon Gittany. Gittany has had a dark past being associated with violence, drugs, having an uncontrollable temper and committing several criminal offences which included biting off parts of a policemen’s ear and selling cocaine. Gittany claims Harnum either slipped or deliberately fell to her death. Gittany had ‘bugged’ Harnum’s cell phone reading all her text messages and emails as well as listening to all her calls. When he discovered his fiancé was seeing a councillor he physically threatened her that if she saw his fiancé again he will “harm [her].” The day of Harnum’s death she had planned to flee to Canada to get away from her abusive fiancé and to be with her parents. As she left her apartment to go to the airport he was seen on CCTV with his hand over her mouth and pushing her back into the apartment. Harnum was seen very distressed as she tried to run away from Gittany. Neighbours then heard Harnum pleading “help! Help! Somebody help me! God help me!” 69 seconds later she fell to her death. Judgements: Judge Lisa McCallum declared Simon Gittany to be guilty and sentenced him to a minimum of 18 years imprisonment. The court charged Gittany with premeditated murder. Why?: McCallum made this judgement in court as sufficient evidence found that Gittany planned on killing Harnum on several occasions yet...
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...Impact Statement of Movie: Happy We have learned that three factors that determine happiness is a genetic set point (50%), intentional activity (40%), and life circumstances (10%). If our genetic set point is determined to make up 50% of our capacity for happiness, what are the inherited traits that are responsible for that? Is it being blessed with perfect balance brain chemistry? A physical body that effortlessly responds to every demand and challenge required of it? Is it having both of these and also living in a time and place that reveres and rewards both of these? Watching the movie, I enjoyed being able to learn about individuals from other cultures and different life circumstances as to what they consider happiness. I enjoyed the reaffirmation that happiness is subjective to the person experiencing the life terms dealt to them. However, I believe is that one can find people with every degree of happiness and unhappiness, everywhere and anywhere. One could find a similar representation of each and every person featured in the movie- all in the one major city in our country. Of course this is partly due to the divergent sets of ethnic groups in American society but even so, the more diverse the growing subcultures are, the more opportunity A major point though, is that I believe how a culture (that includes the family of origin) responds to the individual member accounts for much more than 10%. A culture that is extremely “tribal” dominates and shapes an individual...
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...of paper will vary with the detail of your answers but it should be at least 8-10 pages. Instead of being designed as a management decision-making exercise, this case places you in the position of environmentalists as you decide what course of action to initiate evaluating both ethical and economic issues. Harvard Business Review Summary: In July 2009, Vale NL began building a $2.17 billion nickel refinery in Long Harbour, Newfoundland and Labrador. The refinery would bring economic prosperity by creating 1,600 to 2,000 jobs during construction and 400 to 500 permanent jobs in an area of high unemployment. The project's environmental assessment process began 2006 and the company had successfully completed the required environmental impact statements for the government. A major environmental issue was the disposal of tailings from the refinery, and the approved solution was to store them in a natural lake known as Sandy Pond. Members of several environmental NGOs had opposed the use of the lake as a...
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...2015 Teaching Case Shirish C Srivastava, Sharat S Mathur, Thompson SH Teo (2009). Journal of Information Technology. Competing technology options and stakeholder interests for tracking freight railcars in Indian Railways. Abstract This case analysis, Competing technology options and stakeholder interests for tracking freight railcars in Indian Railways will focus on alternative analysis on multiple types of technological options for undertaking a pilot project based on time-tested automatic equipment identification systems. Each alternative has its own cost benefit and impact analysis, and stakeholders of the overall project have to be taken into account (external and internal stakeholders). Each alternative to implementing this project for automatic equipment identification systems will have to undergo an environmental impact assessment and will require an environmental impact statement according to government guidelines and standards. Overall, this case analysis will conclude a technology forecast and recommendations to which alternative should be implemented dependent on factors discussed in this case analysis. Case Analysis Ranbir Singh, head of the Centre for Railway Information Systems is looking to implement a pilot project based on time-tested automatic equipment identification system. The Centre for Railway Information Systems (CRIS) was established by the Ministry of Railways at New Delhi as an umbrella unit for all IT-related activities in Indian...
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...The three thresholds of environmental processing and documentation; Categorical Exclusion (CE), Environmental Assessment/Finding of No Significant Impact (EA/FONSI), and Draft and Final Environmental Impact Statements (DEIS and FEIS) all have distinctive levels of conditions. Projects affiliated with the federal government undergo different levels of scrutiny to determine their impacts on both the natural and human environments. Because only certain documentation is required to be circulated to the public and other federal agencies, the depth of the report coincides with the severity of the environmental impact, and every project affects the environment differently. The public should ultimately be involved in every project no matter the determination of impact on the environment; if any. The Categorical Exclusion is different from the other two thresholds in that it is a preliminary part of the decision to continue with a project. Projects that qualify are minor and do not require environmental clearance. It is also unique in that it does not have to be circulated among other agencies and public participation is not required. Projects are simply classified by predetermined categories all of which set the criteria that a proposed project must meet; if significant impact is determined the next level of documentation (EA/FONSI) is necessary. The format and content consists of the following: 1) NEPA responsibilities, 2) Guidance to applicants, 3) Major actions normally requiring...
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...Table A: National Laws No. | Title | Salient Features | Republic Act No. 8172 | An Act for Salt Iodization Nationwide (ASIN) | It is hereby declared the policy of the State to protect and promote the health of the people, to maintain an effective food regulatory system, and to provide the entire population especially women and children with proper nutrition. For this purpose, the State shall promote the nutritional fortification of food to combat micronutrient malnutrition as a priority health program for the nation. | Republic Act No. 8048 | Coconut Preservation Act of 1995 | Considering the importance of the coconut industry in nation building being one of the principal industries and one of the largest income earners of the country, it becomes mandatory for the Government to step-in and regulate the unabated and indiscriminate cutting of the coconut trees. For reasons of national interest, it is hereby declared the policy of the State to provide for the growth of the industry by embarking on a sustainable and efficient replanting program. | Republic Act No. 8041 | National Water Crisis Act of 1995 | It is hereby declared the policy of the State to adopt urgent and effective measures to address the nationwide water crisis which adversely allocate the health and well-being of the population, food production and industrialization process. | Republic Act No. 7942 | Philippine Mining Act of 1995 | All mineral resources in public and private lands within the territory and...
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...Land Use Control in Hydraulic Fracturing Prepared for Katherine Wears, Phd. Professor and Assistant Dean at Clarkson University Prepared by Martin Sable Student, Masters in Engineering Management at Clarkson University August 10, 2014 Executive Summary This paper will review the process of hydraulic fracturing, its effects on the environment, and the opposition against the practice. A chronological discussion of lobbying activities and regulatory actions will be discussed, with a particular focus on land use control. A discussion of some of the past and potential future litigation on land rights related to the subject will be covered. The paper will end with the author’s opinion on the subject and of the potential future of the industry. Background Hydraulic Fracturing is a method of simulating well production in both natural gas and oil wells. It was first introduced in 1947, and was adopted for commercial applications as early as 1949.15 The process involves drilling wells deep into ground rock formations, then injecting fluids at high pressure into the ground. The high pressure causes fracturing of the rocks that release gas or oil into the wells that may then be extracted. In 1968 high-volume hydraulic fracturing (HVHF) was introduced, in an effort to tap into the large shale basins containing deposits of natural gas. The main difference between this and conventional hydraulic fracturing is tremendous volume of fracturing fluids that are pumped...
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