...Act 101(Going Concern) 'Definition of the 'going concern' concept The 'going concern' concept directs accountants to prepare financial statements on the assumption that the business is not about to go broke or be liquidated (i.e. where the business closes and sells all the assets for whatever price they can get). So, unless there is significant evidence to the contrary, accountants will base their valuations and their reporting of financial data on the assumption that the business will remain in existence for an indefinite period. An indefinite period means the foreseeable future or long enough for the business to meet its objectives and to fulfill its commitments. It is important to note that the 'going concern' concept does not imply or guarantee that the business is profitable and will remain so for the foreseeable future. So, the 'going concern' concept assumes that the business will remain in existence long enough for all the assets of the business to be fully utilized. Utilized assets means obtaining the complete benefit from their earning potential. (i.e. if you recently purchased equipment costing $5,000 that had 5 years of productive/useful life, then under the going concern assumption, the accountant would only write off one year's value $1,000 (1/5th) this year, leaving $4,000 to be treated as a fixed asset with future economic value for the business). The 'going concern' concept supports the assumption that when a business buys assets like land, equipment...
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...Dr. Traill is an assistant professor-clinician educator at Wayne State University's department of emergency medicine, Sinai-Grace Hospital/Detroit Medical Center. Dr. Barton is residency director at Sinai-Grace Hospital emergency medicine residency program, Wayne State University/Detroit Medical Center, and president-elect of the Michigan College of Emergency Physicians. Medical Editor Dr. Robert C. Solomon is an attending emergency physician at Southwestern Regional Medical Center in Waynesburg, Pa., and clinical assistant professor of emergency medicine at the West Virginia School of Osteopathic Medicine. Medical Editor Dr. Robert C. Solomon is an attending emergency physician at Southwest Regional Medical Center in Waynesburg, Pa., and clinical assistant professor of emergency medicine at the West Virginia School of Osteopathic Medicine, Lewisburg. Nancy Calaway is an ACEP staff member who reviews and manages the ACEP Focus On series. Disclosures In accordance with the Accreditation Council for Continuing Medical Education (ACCME) Standards and American College of Emergency Physicians policy, all individuals in control of content must disclose to the program audience the existence of significant financial interests in or relationships with manufacturers of commercial products that might have a direct interest in the subject matter. Dr. Traill, Dr. Barton, Dr. Solomon and Ms. Calaway have disclosed that they have no significant relationships with or financial interests...
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...Project Proposal. Title Shared Services a focus on Nigeria Financial Institutions. Executive Summary Shared services have been widely implemented in the public and private sectors of organizations around the world. The shared services phenomenal are spreading around the globe and financial institutions and others companies in African do not want to be left. However, with the fact that one of the basic advantages of shared services is cost saving and its leverages so much on infrastructure. Unlike Europe and America, African is still growing in the area of infrastructure and cost of labour is relatively low. This paper explores the shared service's model in financial institutions in Nigeria and reports the findings on share services meeting its objectives in developing countries. Nigerian banks are trying to compete with their international counterparts that have a presence in Nigeria and operating in the same business, cost reduction is a major advantage. Most of the International banks like standard chartered, Citibank, and Barclays use the shared service model and since none of these international financial institutions have their head offices and major businesses in Nigeria, they operate their shared service centre in any other geography. Keywords: Shared services; Financial Institutions; Nigeria 2. Introduction. Shared services refers to the concentration of services to one area or group of an organization where such services are previously...
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...Introduction The current world is following strategies to exit from energy crisis. In Bangladesh changing the vehicle fuel to the Compressed Natural Gas (CNG) is the priority enforcement. Recently, the number of CNG fuel based vehicles in Bangladesh is growing rapidly due to low price and availability of CNG. This change needs some planned substructures. One of the most important substructures is the CNG refueling stations distributions. Necessity of making a systematic process to locate CNG stations is vital because at present there is no fixed system to locate CNG stations throughout the country. Waiting or queuing is a common phenomenon in service organization like CNG filling stations. In general, the vehicles do not like to wait in the filling station. But reduction of the waiting time usually requires extra investment. To decide whether or not to invest, it is important to know the performance of the existing distribution system. So we need models and techniques to analyze such situations. Though the queuing analysis is performed in different hospitals and dental clinics in Bangladesh but first time this research treats single server queuing system to analyze the performance of the existing CNG refueling stations. Our attention is restricted to models with single queue and single server. The results find that there is an unplanned location of CNG filling stations in two intercity networks and suggest the optimum number of CNG refueling stations in that intercity network...
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...There Is No Such Thing as Rest By: Tina Baker Slavery in some ways is still around even today. When we hire a maid, butler, or a chauffeur in some ways is still slavery. They have to work for us for a certain amount of money, and cook, clean raise our kids, and do the grocery shopping. So really slavery isn’t abolished. Slavery in America began when the first African slaves were brought to the North American colony of Jamestown, Virginia, in 1619, to aid in the production of such lucrative crops as tobacco. Slavery was practiced throughout the American colonies in the 17th and 18th centuries, and African-American slaves helped build the economic foundations of the new nation. The invention of the cotton gin in 1793 solidified the central importance of slavery to the South's economy. By the mid-19th century, America's westward expansion, along with a growing abolition movement in the North, would provoke a great debate over slavery that would tear the nation apart in the bloody American Civil War (1861-65). Though the Union victory freed the nation's 4 million slaves, the legacy of slavery continued to influence American history, from the tumultuous years of Reconstruction (1865-77) to the civil rights movement that emerged in the 1960s, a century after emancipation. The old slave owners used to use their christianity as a way to justify the way they treated their slaves saying "god told them to do the things they did". Society views slavery as wrong, now that it is illegal...
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...background, they were also discriminated against. This really shaped the lives of African Americans in a huge way, there freedom was taken away, and they were left behind to be slaves and discriminated against in circumstances that dehumanized them. They did what they were told without asking any questions. They were also confident that freedom would soon be theirs, and that they would have their own voice, and take their rightful place as people among others. ( Berlin, Ira.). Tradition plays a part in keeping people in slavery because it is the only thing that is known. Many slaves were promised freedom for being a slave for certain set time, but for the most part it was not true. According to the case study There Is No such thing as Rest slaves would do the same labors, and chores everyday. Law’s allowed owners to use whatever disciplinary measures they deemed necessary to ensure that slaves were obedient and hardworking (Macionis, 2010). Slaves fear of getting whipped or punished played a part in keeping people in slavery. Slavery, was the tradition because it was accepted, being that African-American were viewed as being inferior they were the white men property. Although, the law states that every one should be treated equally, this was not the same...
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...There Is No Such Thing as Rest There Is No Such Thing as Rest By: Mohamed Jalloh Slavery in some ways is still around even today. When we hire a maid, butler, or a chauffeur in some ways is still slavery. They have to work for us for a certain amount of money, and cook, clean raise our kids, and do the grocery shopping. So really slavery isn’t abolished. Slavery in America began when the first African slaves were brought to the North American colony of Jamestown, Virginia, in 1619, to aid in the production of such lucrative crops as tobacco. Slavery was practiced throughout the American colonies in the 17th and 18th centuries, and African-American slaves helped build the economic foundations of the new nation. The invention of the cotton gin in 1793 solidified the central importance of slavery to the South's economy. By the mid-19th century, America's westward expansion, along with a growing abolition movement in the North, would provoke a great debate over slavery that would tear the nation apart in the bloody American Civil War (1861-65). Though the Union victory freed the nation's 4 million slaves, the legacy of slavery continued to influence American history, from the tumultuous years of Reconstruction (1865-77) to the civil rights movement that emerged in the 1960s, a century after emancipation. The old slave owners used to use their Christianity as a way to justify the way they treated their slaves saying "god told them to do the things they did". Society views...
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...There Is No Such Thing as Rest Slavery in the United States began the first African slaves in 1619, when a Dutch trading ship brought twenty Africans to Jamestown, Virginia by a Dutch trading ship. After, more Africans were brought from other ships for labor. Virginia enacted the first law in the new colonies recognizing slavery in 1661 (Sowell, 1981) (Macionis, 2010). Slavery was the foundation of the southern colonies' plantation system. Plantation were operated by white people using slave labor, and many were also slave trader until the year of 1808. About 10 million Africans traded by Europeans, Africans, and North Americans to different countries and some to the United States. On small sailing ships hundreds of slaves were chained together and reward for surviving is lifetime of serving. These events open the door to slavery in the U.S. and wasn't until the year of 1865, that was the Thirteenth Amendment outlawed slavery. Tradition plays a part in keeping people in slavery because is the only thing that is known. Many slaves were promised freedom for the being a slave for certain set time, but for the most part it was true. According to the case study There Is No such thing as Rest slaves would do same labors, and chores every day. Law's allowed owners to use whatever disciplinary measures they deemed necessary to ensure that slaves were obedient and hardworking (Macionis, 2010). Slaves fear of getting whipped or punished played a part in keeping people in slavery...
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...The Religious Life of Planet Earth Sharon L. Johnson Instructor: Russell Fail Course: Religion 212 – World Religion August 26, 2011 The religious life on planet earth as I observe it is that the people of this planet are a very religious group. The people take time out to go to Church to worship God. Church is considered a Holy place (temple) of worship as explained by the people on planet earth. This is a place where they pray and encourage each other spiritually. This is a renewing of their souls. God is a Supreme Being that grants people salvation if they submit themselves to Him. This is said to bring about eternal life. People that believe and have faith in the Holy written words ( the Bible) of God, which is read, meditated on and shared with those that do not know who God is , is considered to be a messenger of God. They are also called Christians. To be a Christian you must be believer and live in God`s word. It was said that because of the deliverance of his people from the power of darkness and the transformation of his people into the kingdom of the Son of His love, we have been redeemed through His blood. All people have been forgiven of all sins. As in the belief of...
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...When opening my own business I decided to go back to school to get a degree in Business Management. Knowing every aspect of the business is important because it is a lot to know. I knew the basic but there is much more to know about operating your own business. Knowing the business for yourself is best because you do not have to hire people is ask anyone to help you for various reasons. Online is best for me because I operate the business in the mornings and work at the hospital in the afternoon so while in the store I can do school work. Online allows me to go in my lessons as needed and I can work as I want to during the week. Education is important for everyone in life now because in this world today just a high school diploma will not get it. Higher education is in great demand today because everything is computerized are some of technology is use in the working field. It seems like the higher you go the higher the demand of education is. I’ve been out of school for 25 years but I have always in those 25 years went back and gotten certificates. I am certified nurse assistant and a certified medical coder so I am always looking to go farther in any way possible. Going back to school was not hard for me to do but going into a different major is a challenge. My saying is that challenge is good as long as it is...
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...Change Our Lives Kevin M. Davis Strayer University ENG 090 Writing Fundamental Ms Monica McGoldrick January 12, 2011 When I was a senior in high school, football was my life. I consider myself to be a pretty good defensive player. Georgia Southern College had just opened up their new football program and I wanted to attend there as well as play football for them. However, I did not know the application process of applying to Georgia Southern College or any other higher institution of learning. Instead of me asking for help via my high school counselor, football coach, or my parents, I never pursued my Dream of going to college or playing college football. Therefore, college plans took a backseat in my life and job hunting became my priority after graduating from high school. As I began my job search, my neighborhood peers always talked about pursuing employment as a Longshoreman located at the Georgia Ports Authority in Savannah, Ga. Becoming a Longshoreman was known to many of us in my neighborhood as a good paying job with benefits such as medical/dental insurance, union association protection, workmen’s compensation, etc. I was then sold on becoming a Longshoreman until one day; my father came home and spoke with me about college again. He stated he knew a Lieutenant Colonel at Fort Valley State College who was the head instructor over the ROTC program. My father explained to me the application process of completing the college’s application and returning it to...
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...Reinvention and Renewal Herman Miller Background SWOT Porters Five Forces Strengths Opportunities Weaknesses Threats Risk of Entry Rivalry Among Established Firms Bargaining Power of Buyers Bargaining Power of Suppliers Substitute Products Complementors Strategies Herman Miller's challenge is to continue to reinvent and renew itself in times of economic uncertainty Main Issue We have developed three alternatives to solve this company's problem Alternatives Focus their efforts on marketing Alternative One Recommendations Continue to use the same business model or develop a new strategy? Continue to use the same business model Alternative Two Use the current business model but continually update based on the economic activity Alternative Three Why focus marketing efforts? Advances in technology have decreased need for office furniture Increase in the need for ergonomically correct furniture due to increased time in front of a computer Why use the same business model? Current business model has proven effective in past recessions Why update the current business model? Current model has many effective policies currently in place We cannot effectively predict how the economy will change Most effective strategy to combat an uncertain economy is to stay with what has worked well and update it as change occurs Current business model is still fitting with company values and goals Office furniture industry is constantly in a state of flux 2002 March (cc) image by jantik on Flickr Equa Chair...
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...Assignment # 5 Self-Assessment/Reflective Essay English Composition- ENG 115 Barbara Willis Dr. Rachel Campbell Strayer University Takoma Campus July 25, 2011 This essay is a Self–Assessment. Many people sometimes find it hard to assess themselves especially when they think when they deem they are doing well. Self-assessment is a good motivator for someone who is trying to achieve a goal. In this essay I will be discussing the pre-writing/ invention process, the writing process, peer reviewing process, revising process and assessing. The pre-writing/invention strategies that I used for this essay is outline. I find the outline strategy to be effective because it creates sub-topics from my thesis statement which makes it easier for me to elaborate on my topic. I learned that it is an easy guide to follow in order to write a good essay. I would not do anything differently for my next essay. The purpose for me writing this essay is to assessment my progress in the course. My audience is my Professor and I fulfill my responsibility by following the instructions she gave me in class which is the steps I need to follow to write a good essay. The main point of my essay was about drug abuse. After reading my essay I want my audience to know that drug abuse is very common in our society and all the effects it has on our economy. I looked for a thesis statement, formation and grammar in my peer’s essay. I learned that my peer is a good writer. ...
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...Grandma, only God knows how much we really miss you. We will never forget your love, smile, laughter, cooking, wisdom and sense of humor. Or the days when you were an active Grandma, the kind that got up, and went outside, played ball, badminton and jumped rope with us. You took care of us even when you were sick and always slipped us some change ($20 bills) on the sly when our parents turned their heads. You also always had some type of gravy going on - tuna fish gravy, tomato gravy, chipped beef gravy, turkey gravy... anything you could serve over toast....and it was sooo good! And we definitely won't forget your fried apples, onions and potatoes as staple dishes on Sunday mornings before Church! You were a fun Grandma, always full of life! You led by example all the way til the end. Even dementia had no power over you. At times, you may have forgotten who we were in those last hours but you never forgot the Word of God! In fact, we recognize that it was the only consistency in your world. It was a reminder that once the Word is in you - it never leaves you and we are so thankful that God chose us to be the recipients of such a remarkable matriarch for our family. Grandma, we truly mean it when we say that you were one of God's best gifts to us. You will always be a special part of our lives. We thank you for being a mentor, a confidant and also a friend. But the most important thing you taught us was how to love God and be an unconditional, consistent servant of the...
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...What has made MMBC successful? The company has stayed true to its core customer base. Its product focuses on quality. Brand Loyalty Older working class, blue collar Effective marketing Sales team - "Grass roots" marketing 70% consumed at home higher alcohol % Since 1925, this traditional and regional family owned brewery has cultivated its brand loyalty by sticking to its core customer base, offering to them an attractive product and offering them a brand building product with great price, tradition, local authenticity, quality, and a unique taste. MMBC is different from its competitors because of its history, its status as an independent, non-corporate and family owned regional based brewery giving it the originality desired by its core consumers. 2. What is distinctive about MMBC's products? Mountain Man Lager is produced by an independent family owned brewery producing a lager with a distinct bitter flavor. Its lager has a higher alcohol content than its competitors. It is a regional favorite. 3. What is distinctive about MMBC's customers? Mountain Man Brewing Company has a main customer base that consists of blue-collar working class males ages 45-54. The consumer of the lager are brand loyal. 4. How is MMBC's promotion different and effective? Traditional advertising was not used to promote its products instead the company focused on grass roots marketing as a means of advertising the brand. By using this method the brand focused on local...
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