...When evaluating inventory impairment for the PIGS entity, it depends specifically on the character and composition of the inventory. The method used should clearly reflect the income of that period by applying the rule of lower of cost of market to each item or on a total inventory basis. If the company evaluates impairment by product line, there must be more than one major product that exists. This company does have more than one product line that exists consisting of: live hogs for sale, developing animals, and processed pork products. They seem to apply the accounting ideas of raw materials, work-in-process, and finished goods. The live hogs for sale and developing animals are stated to be processed and sold as the finished goods of processed pork products. Even though the most generally used method of lower of cost or market is to be applied separately to each item in the inventory, there is evidently only one-end product category of the total stock. Significantly, the only end-product of the inventory is processed pork products which apply the total inventory basis. There was a reduction in cost prices for certain inventory of live hogs and developing animals, but there was no loss in income since they expected to recover the cost of the inventory due to substantial evidence within the company. This specifically means that the company should apply the method on a total inventory basis because this specific inventory will enter the same category of finished product in a balanced...
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...Accounting Issue: Three Little Pigs Inc. inventory consists of livestock held for sale, developed, and processed (both internal and external). On September 30, 2002, the company states that even though market prices fell below the cost, Three Little Pigs Inc. is unwilling to accept impairment on their inventory due to increase revenue believed to be made up in the fourth quarter which will cover all losses from the decline. Secondly, we must determine an appropriate solution for recording their inventory. Possible Solutions: * Inventory be evaluated for impairment under the lower of cost or market method by inventory category, such as processed pork products, live hogs for sale, and developing animals. * Inventory be evaluated for impairment under the lower of cost or market method based on end product category, such as separating inventory into two groups: • nternal live hogs & developing animals to be processed are combined with processed pork products • Developing animals and live hogs sold to third parties in another group * Inventory evaluated for impairment on some other basis not described above Codification: 330-10-35 A departure from the cost basis of pricing the inventory is required when the utility of the goods is no longer as great as their cost. Where there is evidence that the utility of goods, in their disposal in the ordinary course of business, will be less than cost, whether due to physical deterioration, obsolescence, changes in prices levels...
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...8) Breeds of pigs—Landrace Graeme Taylor and Greg Roese Livestock Officers Pigs Intensive Livestock Development, Tamworth Susanne Hermesch Pig Genetics Coordinator Animal Genetics and Breeding Unit, UNE, Armidale. This Primefact provides a brief history of the Landrace breed and its use in the Australian pork industry. Origin and history The Landrace breed was developed in Denmark by crossing the native pig with the Large White. This cross was then improved on during years of testing and breeding under strict government control. The Danes refused to export live pigs until World War II, when the best specimens of the breed were exported to Sweden. The progeny from these pigs eventually reached England and Ireland. The English first imported Landrace from Denmark in 1949. In 1953, further imports of registered breeding stock were made and the breed society was formed. This society amalgamated with the National Pig Breeders’ Association in 1978. The Danes had concentrated on producing a pig that suited the British bacon trade, which preferred the ‘Wiltshire’ type side of bacon. The Landrace was also bred to be adaptable to the intensivehousing system of production. In 1958, Landrace were imported into Australia from Northern Ireland. A total of fifteen mated sows and five boars arrived before imports of live pigs were stopped. These Landrace pigs formed the foundation stock of the Australian Landrace. Treacy (1976) states that 144 registered Landrace pigs were imported into...
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...Feral pigs are one out of many different species that have become invasive in different spots around the world. For a species to be invasive it means that the species is not native to it’s current location and the species will often cause damage to the environment, human economy, or human health. Feral pigs are native to Asia and Europe, but were brought to Australia by European explorers and settlers. At first, the pigs were used as domesticated companions, but as they escaped captivity, they began reproducing rapidly and creating a large wild pig population. Now, the feral pig population has become a widespread problem across Australia, costing their economy millions upon millions to try and fix what the pigs are destroying. The feral pigs...
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...Joshua French Professor Erika Burgess BI101 25 July 2012 Feral Pigs and the Negative Effects on Humans It is not every day that someone sits down and thoroughly thinks about the food that they consume. For that matter they do not even think about the animals that they touch, to include feral pigs. Feral pigs are, by definition, a pig that is not kept or bred in a holding (www.websters-online-dictionary.org/definitions/Feral+pig). In Eastern North Carolina these feral pigs are causing an uproar and uneasiness about them. The feral pigs are being accused of carrying a nasty bacteria that can be transmitted to humans, through a variety of different ways. Not only can they transmit a nasty bacteria, but also can do damage to farmers’ crops and land that in turn affects the way that the crops are harvested and how the ecosystem changes due to the damage that these feral pigs do. Wild pigs (also known as wild hogs or feral pigs) are an Old World species and are not native to the Americas. The first wild pigs in the United States originated solely from domestic stock brought to North America by early European explorers and settlers. Many years later, Eurasian wild boar were introduced into parts of the United States for hunting purposes. In areas where domestic pigs and Eurasian wild boar were found together in the wild, interbreeding occurred. Today, many hybrid populations exist throughout the wild pig’s range. Pigs were first introduced in the 1500’s to what is now the southeastern...
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...Pig From Wikipedia, the free encyclopedia Jump to: navigation, search This article is about the genus. For other uses, see Pig (disambiguation). Page semi-protected Pig A domestic sow and her piglet. Scientific classification Kingdom: Animalia Phylum: Chordata Class: Mammalia Subclass: Theria Infraclass: Eutheria Order: Artiodactyla Family: Suidae Subfamily: Suinae Genus: Sus Linnaeus, 1758 Species See text A pig is any of the animals in the genus Sus, within the Suidae family of even-toed ungulates. Pigs include the domestic pig, its ancestor the wild boar, and several other wild relatives. Pigs are omnivores and are highly social and intelligent animals. Contents [hide] 1 Description and behaviour 2 Distribution 3 Diet and foraging 4 Relationship with humans 5 Species 6 Domestic pigs 7 Cultural and religious reference to pigs 8 Environmental impacts 9 Health issues 10 See also 11 References 12 External links Description and behaviour A typical pig has a large head with a long snout which is strengthened by a special prenasal bone and by a disk of cartilage at the tip.[1] The snout is used to dig into the soil to find food and is a very acute sense organ. There are four hoofed toes on each foot, with the two larger central toes bearing most of the weight, but the outer two also being used in soft ground.[2] The dental formula of adult pigs is 3.1.4.3 in each jaw, giving...
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...You are here: Home / Transmedia Storytelling / Case Study Example: The Three Little Pigs Case Study Example: The Three Little Pigs If the Three Little Pigs were told as a transmedia story it might be designed like this: The basic story would be told in an anchoring medium, such as a novel, TV show, or film. The wolf has a companion website would give us opportunities to learn more him, the path that led the wolf to his current antisocial tendencies, and give us a glimpse of his inner genius, such as showing his mathematical schematics of the impact of wind velocity on the materials of straw, sticks and bricks. We would also be able to find maps of the turnip field, apple tree, local market and County Fair and strategic attack positions. We would follow the wolf as he plots and adjusts his plans at each volley by the pigs. On a Ning network, Wolf supporters form Team Wolf and contribute strategy, information, additional maps, and alternate endings and plot developments. On a blog, the first little pig details the family history, his paranoid suspicions of a dark figure lurking about his house that led to the pigs decision to live apart rather than together. An Anime comic takes fans on the first little pig’s visions of a pig super hero saving the world and avenging evil as personified by wolves. The second little pig Tweets his chronicle, seeking advice on sustainable building materials and the relative merits of straw and sticks from other Twitterers, and relaying breaking...
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...Case 3 “Bill Thurmond Pig Farm” After reviewing the study, we feel Bill and Walt Thurmond cannot sustain their business as a family pig farm. Before a detailed analytical examination of the case, we want to review the current conditions surrounding the family farm. The first negative element the farm faces is a consistent decrease in pig sales from 1995 to 1998. In these 4 years, the farm experiences a 90.23% decline in total pig sales. Increased competition from corporate pig farms have taken market share and will ultimately bring the market price of the meat down. In addition, environmental requirements are expected to increase expenses in the future. The farm has no free cash flow available for any market uncertainties or expenses as well. In contrast, the pig farm has some positive catalysts. From 1995 to 1998, total expenses have decreased 71.22% benefiting the farm with less overall overhead. Also, the average weight of the pigs in lbs. has increased 6.48% in the four years. The pig farm has assets in 5,000 pigs ready for market and land in which they can sell. The land has timber which could be profitable if Bill Thurmond wants to sell before the holiday season. Here is a chart of the financial data we created based on the trends of the business: The chart shows the farm has done a great job in their cost cutting and expense portion of their business. Total expenses have decreased greatly in the four years. In contrast, the revenue side of their business has a negative...
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...Bad Fiction- A Smart Pig Very long time ago, there was a little, sexy, dirty, and green pig lived in a big, beautiful, sandy, and dark farm named "University of California Irvine." This pig was very talented and smart. For example, it could crow like a cock, it could mimic cats and catch mice, and it could also mimic sheep dogs and control sheep. All animals in the farm were complaining that pig meddled in other animals' jobs and then snatched the owner's attention away from them. The pig heard those animals' complains; however, it did not care about it at all. Instead, it sat down, shook its legs, shrugged its shoulder, and then said " You know what!? In this competitive society, in order to be better than others, and then make more money, get a higher job position, and have a better life, everyone needs to have skill-variety. Besides that, I also have obtained certifications for those of my skills, so you guys can never beat me." One day, the farm owner walked into the pig's room with an AK-47 rifle and said "My dear piggy, I am gonna kill you right now." The pig was shocked and then questioned " I am your best employee, why destroy me?" The owner said " I don't know, but I just feel that I want to eat pork barbecue today." The pig of course doesn't want to be eaten, so it jumped to the back of the owner, kicked the owner's head, tripped him, and then tied him to a chair and put a sock in his mouth. After that, the pig stole the owner's credit card, left the farm, traveled...
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...Research Case 2 Summary of Facts Three Little Pigs (PIGS) provides pork products to the wholesale and retail food service and institutional markets, as well as selling live hogs to outside third parties, though they have no firm commitments to do so. There are three major categories of inventory: live hogs ready for sale, developing animals, and processed pork products. The CEO of PIGS has stated that processed pork prices exceed the costs of producing such products, and believes that because of this there is no lower of cost or market issue related to hogs being developed for processing. The hogs that cannot be easily transported and processed will be sold to third parties (not processed) at market price, which has recently declined. The supposed lower of cost or market issue is dealing with developing animals that are held for sale to third parties. Farmer Joe believes that the market price decline is due to seasonal fluctuations, and that any impairment would be temporary. He also points out that futures prices for the fourth quarter reflect a recovery in prices, and should cover the cost of the company's inventory. The futures prices (at September 30, 2002) are higher than the carrying costs for the animals, except for the animals coming to maturity in the next month. These animals are currently costing $2 more than they will be sold for. Despite the fact that current market prices are below cost, management expects to recover all production costs at September...
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...breads, biscuits, sweets, sugar, breakfast cereals, chocolate. What should you feed your guinea pig? Like rabbits, Guinea Pigs are herbivores and require a high fiber diet. They should have grass or grass hay (e.g. meadow, timothy, fescue, oaten, pasture, and paddock or ryegrass hays) available at all times. Lucerne or clover hay can be offered but not as the sole source of fibre as they are high in calcium and protein. Suitable grasses include clover, buffalo grass, & oat grass. Guinea pigs also enjoy dandelion, milk thistle & a variety of fresh herbs. Grass & hay encourages chewing for long periods of time and helps to keep their teeth in good condition, which grow continuously throughout the guinea pig's life. The hay is best provided to them, if possible, in a hayrack attached to their cage wall. Fresh leafy green vegetables and herbs should also be offered. Vegetables include broccoli, cabbage, celery, endive, beet/carrot tops, Brussels sprouts, zucchini, capsicum, spinach leaves, bok choy & other Asian greens, dark-leafed lettuce varieties, fresh (uncooked) peas and stringed beans, corn and husks (sparingly as high in calcium). Herbs include parsley, coriander, mint, dill, basil, dandelion, rocket etc. Offer a variety of 2 or 3 different greens each day and remember to make any changes to the diet slowly to avoid gastric upset. Guinea Pigs also require a dietary source of Vitamin C, otherwise they will suffer from 'scurvy'. This is usually...
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...The year is 2329 and there were three lab created pigs. Their intelligence allowed them to remain off the breakfast menu. One pig built a house with straw as he calculated the material to be the least inexpensive in nature. The second pig created his house with sticks formulating the idea that he could grow the material needed for the build. The third pig who was created just a tad bit more special constructed a house using Vanadium metal as its properties allow for higher thermal resistance and durability. Within the same lab those pigs were created in, a failed genetically enhanced wolf escaped. It was by fate that these pigs should encounter this wolf. When the first pig caught glimpse of the foul creature, he fled inside his straw house. The wolf cried, “Come out pig so I can turn you into bacon!” The wolf inhaled deeply and created a space like vacuum in his belly and exhaled a powerful wind blast towards the first pig’s house rendering it incapacitated. The first pig ran inside the second pig’s house. The wolf walked to the second pig’s house with a grimace expression and without hesitation hurled his grotesque acid based saliva at the second pig’s house. The pigs escaped to the third pig’s house as the first house was blown away and the second incinerated. Again, the wolf in rage launched a full scale attack blasting and spitting only to see the third pig’s house unscathed. The wolf exploited the third pig’s house and found a weak spot. He then ‘wind blasted’ his way through...
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...Little Pigs • Once upon a time there was a mother pig who had three little pigs. The three little pigs grew so big that their mother said to them, "You are too big to live here any longer. You must go and build houses for yourselves. But take care that the wolf does not catch you." • The three little pigs set off. "We will take care that the wolf does not catch us," they said. Soon they met a man who was carrying some straw. "Please will you give me some straw?" asked the first little pig. "I want to build a house for myself." "Yes," said the man and he gave the first little pig some straw. • Then the first little pig built himself a house of straw. He was very pleased with his house. He said, "Now the wolf won't catch me and eat me." "I shall build a stronger house than yours," said the second little pig. "I shall build a stronger house than yours, too," said the third little pig. • The second little pig and the third little pig went on along the road. Soon they met a man who was carrying some sticks. "Please will you give me some sticks?" asked the second little pig. "I want to build a house for myself." "Yes," said the man and he gave the second little pig some sticks. • Then the second little pig built himself a house of sticks. It was stronger than the house of straw. The second little pig was very pleased with his house. He said, "Now the wolf won't catch me and eat me." "I shall build a stronger house than yours," said the third little pig. • The...
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...Three Little Pigs: Four Interpretations In these interpretations of the Three Little Pigs, there seems to be some serious thinking outside of the box. My childhood self has been terrorized. The interpretations yield a different outcome for the first two pigs than I remember from years long gone by. I, as a youngster, remember the first two pigs run to their brother’s brick home. The wolf is not killed but runs away with his tail on fire. The three interpretations of the story have the wolf devouring the first two pigs and the third pig kills the wolf. The interpretations have that similarity. The interpretations include the “rife” (DDBA-8005) of the story of the Three Little Pigs. The interpretations also have their views on “tyrants” (DDBA-8005) which the wolf symbolizes. Amdur speaks of the wolf is being the bully that seems to be satisfied by with the kill of the pigs (DDBA-8005). It seems the first two pigs are deemed weak enough to fit the lack of challenge the wolf is accustomed to. Fazio and Ek views the third pig as a “God-fearing” conqueror of the evil wolf (DDBA-8005). The difference is the symbolism of the wolf and the pigs. Gomez symbolizes the story to represent the working class and society. He also deems the third pig could be “the next despot” (DDBA-8005). Amdur’s symbolism seems to be viewed from a criminal drama television show perspective. Fazio and Ek relates to the story from a religious perspective. The research study justifies the action...
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...Yesenia Duran Feb. 12, 2015 PSCI 320 Bay of Pigs The chapter begins the correspondence of letters written between John F. Kennedy and Nikita Khrushchev. The letters begin with Khrushchev congratulating Kennedy on winning the election, he declares his respect for the United States and that the USSR is prepared to develop a friendly relationship between the two countries. Khrushchev believed that Kennedy will take a soft response on foreign policy and is prepared to take full advantage of the situation. Feeling overwhelmed with his immediate responsibilities Kennedy brushes off Khrushchev first letter with a short response agreeing that everlasting peace is also a focus of the United States and thanking him for his kindness. Kennedy has become aware that Khrushchev has two different sides one that wants and dreams of world peace and another that wants to become extremely powerful. In his second letter to Khrushchev, Kennedy states that although there are many topics that these countries will not be able to agree on the manner in which these topics are approached and handled is of great importance. He also reemphasized the responsibility that rest upon the Unites States and the USSR in world affairs, following this letter everything remains “peaceful.” On April 18th, 1961 Khrushchev writes to Kennedy in response of to the Pay of Pigs invasion in Cuba. Khrushchev is fully aware that the order came from the United States and makes it clear that the USSR will render the necessary...
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