Wednesday, August 26, 2020
God, Self, And World In Teachings Of Ramana Maharishi God, Self, and World In The Spiritual Teachings of Ramana Maharishi, a devotee asks, Should I do whatever it takes not to support the enduring scene? Ramana Maharishi answers, If God has made the world, it is his business to take care of it, not yours. Ramana Maharishi's reaction presumes numerous things about the idea of God, Self, and the world. It shows that the ordinary perspective on profound quality and along these lines, the devotee's inquiry, isn't right. A point that Ramana Maharishi makes commonly in his lessons is that . . . the Self itself is God (Maharishi 8). In the event that you see God taking all things together, at that point you should see God in the Self. Since God is a statement of the Self, so as to see God in Self, you must be God. Ramana Maharishi says that if God is separated from the Self, He should be a sacrificial God, which is preposterous (Maharishi 64). In this manner, on the off chance that association with God was something that must be acquired, at that point it isn't genuine and just a fantasy. Ramana Maharishi says that the Self is the main conscious item. There is nothing separated from the Self (Maharishi 22). The Self is the wellspring of everything. Nothing happens that isn't identified with the Self. The Self is the force and the ground for everything that we do. You never need to locate the Self. The Self is now there. It is never isolated from us. Ramana Maharishi says that what isn't perpetual does not merit taking a stab at. So I state the Self isn't reached. You are the Self; you are now That (Maharishi 61). To ask how one can locate the Self is to assume that the Self should be found. Ramana Maharishi likewise makes the point a few times to the supporter that his concern is viewpoint. The inquiry is as often as possible posed to How would i be able to accomplish Self-acknowledgment? (Maharishi 61). Ramana Maharishi discloses to the pupil that Realization is not something to be picked up once more; it is as of now there. All that is fundamental is to dispose of the idea I' have not understood (Maharishi 61). The follower is posing the inquiry from a condition of non self - acknowledgment, a bogus information about the world. Ramana Maharishi discloses to the devotee that the world as we probably am aware it isn't genuine. The world has no lasting autonomous reality or substance. The world has a family member or customary reality. The conviction that the world exists independently and freely from us, is the deception. The brain makes the world that we see through our faculties. The Self alone is the main lasting autonomous reality or substance. So as to expel the world that is seen we need to calm the psyche. Maharishi asks the devotee, and I'm not catching Stillness' meaning? It implies Destroy yourself' (Maharishi 64) This is on the grounds that from the idea of I the world emerges. The world is consistently the equivalent. What changes is ones information on it. Ramana Maharishi accepts that the regular perspective on ethical quality isn't right. The view that everything is discrete from one another is just a matter of point of view. Ramana Maharishi says that there are no others' to blend in with. The Self is the main Reality (Maharishi 64). The supporter's inquiry is a dualistic perspective on profound quality. At the point when we make individuals great and terrible, this implies thus we are not them. In the event that we saw everybody as ourselves that implies that the individual would need to surrender something. The self image is the wellspring of this view. Independence emerges with the sense of self. Be that as it may, the sense of self doesn't need to vanish. Rather, we should not recognize ourselves with it. We should disavow our bogus thought regarding ourselves. It's our pondering our lives and employments that should be changed. Ramana Maharishi says that the inclination I work' is the hinderence (Maharishi 43). Our real lives a nd occupations remain the equivalent. Ramana Maharishi needs the devotee to understand that you can't help other people until you help yourself, and thusly, by helping yourself you help other people. In the event that you simply deal with your Self and love your Self, you are helping the enduring scene. Spiritualists help
Posted by Jermaine Corley at 12:50 PM
Saturday, August 22, 2020
The Scarlet Ibis by James Hurst Portending, imagery, and picture are for the most part components which form style.Ã¢ All are significant; hinting includes anticipation, and imagery adds to interpretation.Ã¢ Image contributes visual guides which, additionally, help interpretation.Ã¢ In this exemplary short story, The Scarlet Ibis, by James Hurst, foretelling, imagery, and picture join to make a genuine scholarly perfect work of art. Foretelling is one of the components of style which make The Scarlet Ibis great.Ã¢ For instance, the creator expresses, The last cemetery blossoms were sprouting, and their smell floated [through] our home, talking delicately the names of our dead.Ã¢ This entry obviously hints the passing of Doodle.Ã¢ Also, Hurst remarks on Doodle's complete name, William Armstrong, that such a name sounds great just on a headstone, again portending Doodle's death.Ã¢ Later, Doodle's cries of Don't leave me!Ã¢ Don't leave me! are a corresponding to the second when the startled young man by and by shouts out, Don't leave me! when his more established sibling does really leave him.Ã¢ Moreover, Aunt Nicey says... ...n picture of ruined sorrow that the solitary sibling feels for his dormant sibling.Ã¢ Image is really the most significant component in the style of this story. In The Scarlet Ibis, anticipating, imagery, and picture are shown to their full potential.Ã¢ The incessant foretelling indications obscurely at Doodle's demise, and the obvious image of the red ibis for Doodle uplifts the impact of the picture made when the sibling clusters over his fallen red ibis.Ã¢ Foreshadowing, imagery, and picture truly add to this present story's special style.
Posted by Jermaine Corley at 8:15 AM
Wednesday, August 19, 2020
Complete Coverage for Top 100 Definition Essay Topics As a college student, the journey to writing a definition essay starts with selecting the right topics for your definition essays. This article is going to show you how to choose the best and most interesting definition topics for your assignments. I am also going to share with you some of the best and most interesting definition topics. Why is it hard to choose topic for definition essay? Before we look at the some of the reasons why some students find it hard to choose a definition essay topic, we shall look briefly at the meaning of definition essay writing. In short, a definition essay is simply an essay that explains the meaning of a term or an object. One of the reasons why it becomes challenging to choose an essay topic in this area of essay writing is the abstract nature of some objects and realities that need definition. Some items have a clear meaning that commands a universal acceptance while others have a controversial and abstract meaning which further complicates the ease of defining them. For instance, it is a bit tricky to define emotive terms such as love or power than it is to define an object such as food or chair. Another reason why students have difficulty choosing a topic for a definition essay is the lack of understanding of how to present the definitions themselves. That is why it is necessary to understand the three fundamental steps of effective definition. You need to let your definition do the following: ? Tell your readers what you are defining ? Put forward clear and primary information ? Utilize examples and stories that your readers can easily relate to The third reason why most students find it difficult to select definition-based essay topics is their inability to understand and use effectively the various ways of defining issues. Some of the ways of defining things are: ? Definition by functionality where you define an object based on what the thing does or how it functions ? Definition by structure where you define things based on their organization or assembly ? Definition by analyzing something and pointing out the differences between it and other things. ? Defining by what something does not mean. This reverse kind of technique creates a clear distinction between an object and other objects With the above understanding in mind, you are better placed to proceed to the next section and look at the 100 best definition essay topics. List of definition essay topics Here is a list of the best and most interesting 100 definition essay topics. 1. Laziness 2. Success 3. Marriage 4. Family planning 5. Real estate 6. Bad attitude 7. Love 8. Religion 9. Christianity 10. Endurance 11. Science fiction 12. Research 13. Respect 14. Public relations 15. Office automation 16. Loyalty 17. Fashion design 18. Privacy 19. Fear 20. Local tourism 21. Male chauvinism 22. Feminism 23. Internal beauty 24. Industrialization 25. Self-control 26. Corruption 27. Racism 28. Communism 29. Capitalism 30. Peer pressure 31. Juvenile delinquency 32. Terrorism 33. Extremism 34. E-commerce 35. Christianity 36. Buddhism 37. Psychology 38. Sociology 39. Contemporary art 40. Agriculture 41. Healthy living 42. Vegetarianism 43. Dictatorship 44. Democracy 45. Surrealism 46. Personal discipline 47. Alcoholism 48. Drug addiction 49. Autism 50. Corporate social responsibility 51. Management 52. Economy 53. Micro-economics 54. Macro-economics 55. Poverty 56. Astronomy 57. Government bureaucracy 58. Persistence 59. Good parenting 60. Personality disorder 61. Liberalism 62. Emotional maturity 63. Environmental conservation 64. Effective Leadership 65. Pride 66. Civil rights 67. Racial segregation 68. Mutual trust 69. Depression 70. Obsessive compulsive disorder 71. Religious intolerance 72. Self-confidence 73. Happiness 74. Martial Arts 75. Professional ethics 76. Domestic violence 77. Animal 78. Faithfulness 79. Comedy 80. Peace of mind 81. Self-Respect 82. Right to privacy 83. Right to life 84. Human rights 85. Animal rights 86. Parental responsibility 87. Conjugal rights 88. The American Dream 89. True love 90. Political survival 91. International relations 92. Management skills 93. Selfish ambition 94. Courage 95. Personal development 96. Moral responsibility 97. African history 98. Industrial revolution 99. Common sense 100. Artificial intelligence Definition essays are a common form of assignment for all college students. One of the things that you need to write an effective and conclusive definition paper is choosing an appropriate topic for that essay. However, the selection of a topic is a challenge to some students. This article has shown you the reasons behind the challenges student face when selecting interesting definition topics. I have also shown you how to overcome them so that you can enhance your ability to define things with accuracy. Additionally, the post has shared with you some of the most interesting topics for definition-based essay writing. You are now abreast with the facts, and the ball is in your court to apply everything we have discussed.
Posted by Jermaine Corley at 4:45 PM
Sunday, May 24, 2020
Alcohol Abuse: The Unfriendly Substance Madison Fulp North Carolina AT State University Ms. Platt BIOL 100- Section 8 10/3/2015 (Fall) Is alcohol abuse real? This is the question many Americans ask themselves when alcohol intake is in effect. Ã¢â¬Å"Alcohol is a central nervous system depressant that is rapidly absorbed from the stomach and small intestine into the bloodstreamÃ¢â¬ (Ã¢â¬Å"AlcoholÃ¢â¬ , 2014, para.1). While alcohol abuse is a diagnosis of alcohol use disorder characterized by a maladaptive pattern of drinking alcohol (Edwards, 2014, p. 1). Alcohol abuse can bring about many different topics and can sometimes be a touchy subject. This is why most people never fully grasp the full affect it has and the dangers it possess. WheneverÃ¢â¬ ¦show more contentÃ¢â¬ ¦(Smith, Robinson, Segal, 2015, p. 1). It helps to know the signs so you can make a change early. Mild symptoms that most people might not see as trouble, can progress to the start of a drinking problem. (Smith, Robinson, Segal, 2015) state that other signs include, Ã¢â¬Å"repeatedly neglecting your responsibilities at home, work, or schoo l because of your drinking and by using alcohol in situations where itÃ¢â¬â¢s physically dangerousÃ¢â¬ (p.1). For instance, abusers may forget future commitments due to being hung over, drive while being intoxicated, or mixing alcohol with prescription medication. The good thing is that you shouldnÃ¢â¬â¢t worry that you have certain signs or symptoms because you can take steps to reduce your risks. The consequences of alcohol abuse serve as a danger to an alcoholicÃ¢â¬â¢s physical, mental, emotional, and social health, in addition to serious outcomes for the abusers career, family and friends (Ã¢â¬Å"Alcohol Addiction SignsÃ¢â¬ 2015, para. 2). Due to the use of alcohol abusing, these main points will be affected the most in the abusers life. (Ã¢â¬Å"Alcohol Addiction SignsÃ¢â¬ ) states Ã¢â¬Å"This alcoholism can cause irreversible damage to critical organs and body systems such as the Liver, Nervous system, Heart, Stomach, and the brain (para. 2). Alcohol abuse produces other medical side effects as well. Ã¢â¬Å"Common medical side
Posted by Jermaine Corley at 11:52 AM
Wednesday, May 13, 2020
It is obvious that many people prefer to spend their free time watching movies. Intriguing plots, fascinating characters, modern effects Ã¢â¬â all these factors contribute to peopleÃ¢â¬â¢s love for movies. However, for many people it is still hard to decide what is better: to watch films at house or at the theater. Both variants have their own advantages and disadvantages. Some people choose cinemas, while others prefer to stay at home and watch movies there. Tastes differ. As for me, I would rather choose to watch movies at the theater rather than at home. First of all, I would like to mention that quite recently I went to the cinema. There I understood that I prefer to watch movies at the theater. Together with my friends we have chosen to see the Insurgent. Thus, the movie was great, and we received a whole spectrum of positive emotions. I enjoyed the image quality of the movie, as all the colors were bright and vivid. I suppose that this effect was achieved by viewing the movie on a large screen. For instance, when I watch films at home on TV, the image quality is not as great as at the theaters. The sound is not perfect as well. Thus, all movie theaters are usually well-equipped and always have professional sound systems. I should say that while watching the Insurgent movie, it was mainly professional sound system and perfect image quality that helped to get fully immersed into the movieÃ¢â¬â¢s world. This effect can be hardly achieved at home. And the same movies seem to be moreShow MoreRelatedHome Television vs. Theater Movies1 100 Words Ã |Ã 4 Pagesbetter time to be entertained. There are literally thousands of choices, including going out, staying in, watching movies, television, or DVDs. There have been many debates regarding which of these entertainment forms are the best option. This debate has focused specifically on whether it is better to be entertained by the movie industry in the comfort of ones home or in the luxury of a theater. While there are specific advantages and disadvantages to both options, comparing the two modes of movieRead MoreBenefits Of Watching Movies At Home861 Words Ã |Ã 4 PagesPeople watch movies for all different reasons, for entertainment, relaxation, humor, and even pleasure. For instance, going to a movie on a date or on a family outing can be fun or entertaining. Although going to a movie theater has its benefits, watching movies at home has numerous benefits from watching movies at a theater. In contrast there isnÃ¢â¬â¢t any distraction when watching the movie at home, being able to watch the movie at any time or place and not having to pay for over price foods or ticketsRead MoreWatching a Movie at Home vs. Theater Essay example667 Words Ã |Ã 3 PagesMovies are one of the biggest entertainment sources for anyone in the world, and for the same reason film industry is the largest of any industries with India making the most number of movies per year than any other country. People watch movies at home on their television or in the theaters on a big screen where the film is been displayed with a movie projector onto a large projection screen at the front of the auditorium. Watching a movie at home or in theater is an enjoyable experienceRead MoreA Study Of Millennials Methods Of Movie Consumption1601 Words Ã |Ã 7 PagesIt has been apparent that in the past few years, the number of people attending movie theaters has continued to decrease (MPAA, 2014; Harris Poll, 2014.) With various digital streaming sites like Netflix continuing to increase in consumption, (Kuittinen, 2015) people have become less motivated to go to movie theaters because of the feasibility and convenience of watching movies on various devices (Kuittinen, 2015.) According to the MPAAÃ¢â¬â¢s Theatrical Market Statistics 2014, there was a significantRead MoreThe Performance Of The Nielson Company1552 Words Ã |Ã 7 Pageson your favorite book, legend, or you simply were captivated by the preview you saw on television, movies have constantly brought in large revenues for the producers and theaters. However, with the growing availability of online streaming people now have the ability to access movies in the comfort of their own homes, which brings about the debate of whether watching a movie at home or in a theater creates the most enjoyable experience. The Nielson Company is a business that produces televisionRead MoreWatching Movies: Movie Theatre vs. Home1077 Words Ã |Ã 4 PagesMovie Viewing Watching movies is an excellent source of entertainment. It can be an escape mechanism, adrenaline booster, romantic evening, social platform, and/or a tension reliever. The environment in which one chooses to enjoy a film can directly impact the experience one has while watching a film. Certainly there is no wrong or right setting in which to enjoy a movie. Rather, the setting one chooses to immerse oneself in while enjoying a movie is usually dependent on the whole experienceRead MoreCompare and Contrast Watching a Movie at Home vs. Going to the Theatre1011 Words Ã |Ã 5 Pages9/9/11 CHOOSING TO WATCH A MOVIE AT HOME OR IN THEATRES. Watching a film on TV is better than watching in theaters this how IÃ¢â¬â¢m going to prove my comparisons. Its annoying when you hear from friends what happens in the movie and it ruins the whole thing. It just isnt the same! It depends on, how good your surround system is and how big your TV is, and economic hardships today. It does not mean that the enjoyment of watching movies needs to be sacrificed. There is something to be said for bigRead MoreThe Horror Of Horror Films1288 Words Ã |Ã 6 PagesThe joy and excitement of a horror movie is such a great feeling to have. So many people ask why do people enjoy watching horror Films if they are only going to make you get scared and not be happy the whole night? That is something really easy to answer for example, horror movies are one of the genres that will make sure you got your money worth and you didnÃ¢â¬â¢t waste money on a movie that you didnÃ¢â¬â¢t enjoy. Another fact would be is that when anyone goes into a horror fil m nobody knows what to expectRead MoreAdvantages And Disadvantages Of Watching Movies At Home724 Words Ã |Ã 3 PagesWatching Movies has become habit or major entertainment in our society. Some families watch movies as a source of bonding time after their individual day. Ã Movies are shown in places we can easily approach; places like cinema, and simply at home. Both places have pros and cons. Sometimes, movie theaters have what homes donÃ¢â¬â¢t have but, also donÃ¢â¬â¢t have what homes do have. This case is applied to the same way to homes. Ã Ã Ã Ã Ã Ã Ã Ã Ã Ã Ã Ã Ã Ã Ã If you prefer watching movie at home, the pros are that you can haveRead MoreAdvantages Of Staying At Home Vs Movie Theater892 Words Ã |Ã 4 Pagesthe movie theater, what comes to mind? Most may think of the delicious, perfectly cooked, buttered popcorn, and huge movie screen with surround sound. While others may think of the obnoxiously loud atmosphere and inconvenient show times. Everyone has their opinion on which movie viewing option they think is better; the movie theater, or home. When it Ã¢â¬Å"boils downÃ¢â¬ to the facts, it is not hard to see why staying at home is the prefered movie-watching experience over the the movie theater experience
Posted by Jermaine Corley at 5:09 PM
Wednesday, May 6, 2020
string(19) " 2 months times 0\." Course Project Hints: The beginning cash balance for April, is the cash from March 31 in the Asset section of the balance sheet. In the merchandise purchases budget, in April, we need 50% of March purchases (that amount is also given to us 3/31 Accounts payable of $100,000 on page 415). Therefore, Total cash disbursements for April is (50% x $316,000 April purchases) + ($100,000 remaining March purchases to be paid) = $258,000. We will write a custom essay sample on Ac505 Course Project a or any similar topic only for you Order Now Class, Here are some hints. Lets start from the beginning: SALES BUDGET: First, take budgeted sales in units for each month of April, May, and June, and multiply by the selling price of $10/unit. You will get TOTAL SALES which you will also need to plug into the Income Statement later. For example, April should be 65,000 units times $10 = $650,000 Total Sales. For your Schedule of Expected Cash Collections, each months units must be multiplied by the $10 selling price to yield the months sales. Per page 414, we know 10% of a given months sales is collected in the 2nd month following the sale, 70% in the month following the sale, and 20% in the month of sale. Therefore, for example Total Cash Collection for April will consist of the last 10% of February sales and 70% of March sales and 20% of April sales: (26,000 Feb units x $10 x 0. 0) +(40,000 March units x $10 x 0. 70) + (65,000 April units x $10 x 0. 20) = $436,000. You have to repeat the same process for May and June that I just did for April, and then add up all three months to get the quarter. Next, we have the Merchandise Purchases Budget. Total Needs are Budgeted sales in units plus Budgeted ending inventory (budgeted ending inventory =40% of the next months sales in units according to the terms of the problem). Once we have Total Needs, we subtract the Beginning Inventory (which of course is the previous months ending inventory) to get Required Unit Purchases. So for April, that is 65,000 April budgeted units + (0. 40 x 100,000 May budgeted units) = 105,000 units Total Needs less ending March inventory which is the same as April beginning inventory (which is 0. 40 x 65,000 April units = 26,000 units) = 79,000 units required purchases. [Be careful with the inventory: you cant just pull the $104,000 inventory off of the balance sheet on page 415 because the balance sheet is in dollars not units, so if you want to use that balance sheet inventory figure, you have to say $104,000 divided by $4 cost = 26,000 units. Getting back to our 79,000 units required purchases, now multiply direct materials cost of $4 times the Required Unit Purchases to get Required Dollar purchases, which would be 79,000 Required April Unit Purchases x $4 = $316,000 as Required dollar purchases for April. [Again, be careful, on page 414 the problem states that only 50% of any given months purchases are paid for during the month of purchase, with the remaining 50% paid f or in the following month, that fact will come in handy for the next step: the Budgeted Cash Disbursements for merchandise purchases. For April, we need to therefore know what 50% of March purchases are (that is also given to us 3/31 Accounts payable of $100,000 on page 415). Therefore, Total cash disbursements for April is (50% x $316,000 April purchases )+($100,000 remaining March purchases to be paid)= $258,000 which we will need in the next step for the Cash Budget. CASH BUDGET Remember that the beginning Cash balance of the month is the previous months ending cash balance. For April, we can use the 3/31 Cash ending balance of $74,000 as stated on the page 415 Balance Sheet for 3/31. Next we add receipts from Customers (which we calculated in the Schedule of Expected Cash Collections as $436,000 for April, giving us Total Cash Available for April as $510,000. For the Disbursements, we already know what the Purchase of Inventory figure is that we calculated in the Budgeted Cash Disbursements (recall it was $258,000). Advertising is $200,000 per month per page 414; Rent is $18,000 per month per page 414; salaries are $106,000 per month per page 414; Sales commissions are 4% of Sales, so for April that is 65,000 units times $10 x 0. 04 = $26,000. Utilities are fixed at $7,000 each month. We donÃ¢â¬â¢t have to consider Depreciation in the Cash Budget because depreciation is not a cash outlay. The problem states that Insurance is prepaid so we know that for this problem it will not appear on the Cash Budget just like depreciation wont (but remember that both Depreciation and Insurance will show up as expenses to be matched against revenue when we do the Income Statement later). The problem states that Dividends are paid at $15,000 per quarter in the first month of each quarter, so that means April (but not May or June) will have $15,000 for Dividends pay out in the Cash Budget. The problem also states that equipment will be purchased in May at $16,000 and in June at 40,000 (but not in April, so we can ignore the cash outlay for equipment when calculating April Total Disbursements (which are therefore $630,000. ) Since April Total Cash Available is only $510,000 if we subtract the Disbursements of $630,000, we have a deficiency, -$120,000. Because the problem states that minimum ending cash balance must be $50,000 each month, we know we have to borrow some money from the bank. We need $120,000 to bring cash to zero plus $50,000 for the minimum ending cash balance for total borrowings of $170,000. This $170,000 figure is already in increments of $1,000, so we dont need to round up our borrowings. (Note: When you do the cash budget you should have determined a deficiency (more cash outlay than revenue) in each of months April May requiring you to borrow, but in June, you should have calculated an excess of receipts over disbursements leaving you money to repay interest and then principal in June. As to the interest calculation in June, lets review it: Rate is 1%, so Interest should be the sum of (the amount you borrowed in April of 170,000 times 3 months x 0. 01) and (the amount you borrowed in May times 2 months times 0. You read "Ac505 Course Project a" in category "Papers" 01). The reason that you have to include the month of June in your count of principal balance of loan amounts to multiple interest rate by is because those amounts were outstanding as owed to the bank during the month of June even though you didnt borrow any additional amounts during June. Remember, after you figured out the interest expense in June, you can calculate how much principal you can pay back (in increments of $1,000s) being careful to leave a cash balance of $50,000. P. S. April financing should be $170,000 as I showed above. When you calculate Mays borrowings, donÃ¢â¬â¢t even think about Aprils financing, do the calculation independently. You wont pay any interest until June (dont worry about accruing it for a cash budget, and since the income statement is for all three months anyway, we can think of the June cash outlay for interest expense as paying off everything that would have been accrued anyway: please see my calculation for the June interest payment above (hint $5,300 is interest payment see my excel notes in the sample). You must pay off all interest due before the bank lets you pay any principal. One last Hint: Ending cash balance for the quarter is the same as June 30 cash balance, and should be $94,700. For all of the other Quarterly amounts, you can add the April, May and June amounts. If you havent fallen asleep reading yet, on to the Income Statement and Balance Sheet: The income statement reflects revenue and expenses over a PERIOD in time (here the quarter including April, May and June). To prepare the income statement, your sales revenue should be the sum of the quarter that you calculated as TOTAL SALES (you calculated that figure for each month by multiplying budgeted sales in units each month (total of 215,000 units) times selling price per unit of $10). For the quarter the COST OF GOODS SOLD is the 215,000 units times the direct materials cost of $4 per unit. Then the COMMISSIONS expense is 4% of sales (so 0. 04 x 215,000 units x $10). The sum of the variable cost of goods sold and commissions yields a subtotal of variable costs, and then after that amount is subtracted from sales, you get the Contribution Margin. Fixed Expenses is next, which are the Quarterly amounts you calculated in the Cash Budget for Advertising, Rent, Salaries, and Utilities, except that you now need to include DEPRECIATION expenses (that did not appear in the cash budget since depreciation is not a cash outlay). Also, because the problem stated that INSURANCE had been prepaid, insurance did not appear in the cash budget, but it is a fixed expense that must be recorded each month like depreciation in order to match revenues against expenses. You dont need to include the Equipment purchases on the income statement as expenses because they are capitalized as assets on the balance sheet instead of expensed on the income statement per Generally Accepted Accounting Principles. Dividends are a reduction of Retained earnings on the balance sheet and are not expensed on the income statement per GAAP. Once you total the fixed expenses and subtract them from the Contribution margin, you have Net Operating Income. Now, you have to subtract the total INTEREST expense that you calculated in the Cash budget to get Net Income. (Note: When you did the cash budget you should have determined a deficiency (more cash outlay than revenue) in each of months April ; May requiring you to borrow, but in June, you should have calculated an excess of receipts over disbursements leaving you money to repay interest and then principal. Were you confident about your interest calculation in June? Lets review it: Interest should be the sum of (the amount you borrowed in April times 3 months x 1%) and (the amount you borrowed in May times 2 months times 1%). The reason that you have to include the month of June in your count of principal balance of loan amounts to multiple interest rate by is because those amounts were outstanding as owed to the bank during the month of June even though you didnÃ¢â¬â¢t borrow any additional amounts during June. Remember, AFTER you figured out the interest expense, you can calculate how much principal you can pay back (in increments of $1,000s) being careful to leave a cash balance of $50,000. Actually, since you should have enough to pay the entire interest amount and the entire loan amount in June and still have 94,700 left as ending June cash balance. ) Please note: The quarter ending cash balance is the same as the June ending cash balance since the last day of the quarter is June 30th. This in contrast to the revenue and variable expenses which will be the amounts that represent the SUM of April, May and June as I described above, and so will the fixed expenses and interest be the sum of the three months worth (not just the June amounts. In other words, only the ending cash balance will be the amount for June. ) Balance Sheet Help The balance sheet is given at a POINT in time (unlike the Income statement that is for a period of time). This means that all amounts will represent balances at June 30. The other thing to remember about the balance sheet is that total assets ALWAYS equals the sum of liabilities and stockholders equity. Assets The ending balance of CASH that you calculated when doing the Cash Budget will therefore be your line item for cash on the balance sheet. ACCOUNTS RECEIVABLE : Since page 414 states 20% of a months sales are collected in the month of sale, 70% in the following month, and 10% in the second month, we know at June 30th, we still have 10% of Mays sales outstanding to be collected in July, and 80% of Junes sales (60% of which will be collected in July and 10% of which will be collected in August). This means we have for your June ACCOUNTS RECEIVABLE, you have 10% of May sales (which is 100,000 May units x $10 x 0. 10 = $100,000) plus 80% of June sales (which is 50,000 June units x $10 x 0. 80 = $400,000) for a total June 30 A/R of $500,000. Recall that the problem states that ending INVENTORY should be 40% of next months sales. (since inventory is to be 40% of the next months sales multiply 0. 40 x direct materials product cost of $4 x 30,000 July sales units). Unexpired INSURANCE is next (think of this as Prepaid Insurance: Beginning balance as of March 31st was $21,000 according to the 3/31 balance sheet n page 415, so from that amount you now have to subtract each of the amounts of insurance that represent the amounts that would have been due for April, May, and June, since those periods have already lapsed as of the date of the June 30th balance sheet you are preparing. Hint: you already calculated the amount of insurance you now need to subtract when you prepared the fixed expense portion of the income statement. FIXED ASSETS NET OF DEPRECIATION: Again, start with the ending balance on the March 31st balance sheet, then add the purchase in May and the purchase in June and subtract the three months of depreciation expenses that have elapsed since the March 31st balance sheet date. Hint: you already calculated the amount of depreciation you now need to subtract when you prepared the fixed expense portion of the income statement. Total up all the assets. LIABILITIES ACCOUNTS PAYABLE (purchases): Remember that the problem states how purchases are paid: 50% in the month of purchase and the remaining 50% in the following month. Therefore, at the end of June we know that 50% of June purchases remain unpaid, so A/P is 50% of the required dollar purchases for June that you calculated when you prepared the Merchandise purchases budget. DIVIDENDS PAYABLE: The problem states that dividends of $15,000 are paid in the first month following each quarter, so we know that the $15,000 dividends that accrued during the quarter comprised of April, May and June wont be paid until July, and therefore have to be listed as payable as of June 30th for your balance sheet. Recall that dividends of $15,000 for the first quarter were paid in April, so the beginning balance of $15,000 in this account is not there anymore. LOANS PAYABLE: Beginning balance is zero, so all we have is the sum of borrowings during April and May (there were no June borrowings) MINUS June repayments. Technically, we would also have to add the interest accrued on the borrowings but we could subtract it right back out because it was paid in full in our Cash budget as of June 30. EQUITY CAPITAL STOCK of $800,000 did not change since March31 since the problem does not state that the company authorized any additional stock or bought back any treasury stock. RETAINED EARNINGS: There are two ways to come up with this figure The quick and dirty way is to take total assets and from that figure subtract the sum of (Accounts Payable + Dividends Payable+ Loan Payable + Capital Stock). The correct way is to take the Beginning Balance of Retained Earnings as of March 31st, which is $580,000 and add the net income you calculated from the budgeted income statement and then subtract the $15,000 dividends declared since the last balance sheet date. (In our case the dividends were only declared and not paid because they reside in the dividends payable account as noted above, but that does not affect the computation. ) Hope this helps! p. s. Heres more hints: On the master budget, for the project budget, in the Total Column, the beginning inventory is from the first period/quarter and the ending inventory is from the last period/quarter. This is a common error. This is also an issue on the direct materials budget (beginning and ending raw materials) and the cash budgets (cash). On the cash budget schedule, the ending cash from the first period will be the beginning cash for the following period. The ending March 31 cash balance has to be the April 1st opening balance of cash on the Cash Budget, and it is also the beginning cash balance of the Ã¢â¬Å"quarterÃ¢â¬ column on the Cash Budget. Since insurance is only paid in November, for the CASH BUDGET it is only a line item in Nov. We know in Nov the payment will be 3000 x 12 = 36,000 since per page 14 the company allocates 3000/mo to insurance expense (but for our purposes all we care about is the fact that the company allocates insurance expense at 3000/mo, meaning 3000 x 3 = 9,000 for the income statement for any three month quarter. Insurance will also appear on the balance sheet since the prepaid portion of it will be a current asset (it is a current as opposed to a long term asset since it will be all used up with a year). Depreciation is stated at $14,000/mo (again depreciation is not a cash outlay, but it is an expense on the income statement with a corresponding amount going each month to accumulated depreciation ac count on the balance sheet (the accumulated depreciation acts as a contra account to bring down he balance of the equipment cost sheet line item on the balance sheet. ) The amount of inventory really doesnÃ¢â¬â¢t have anything to do with depreciation, since depreciation is a means of writing off equipment over its useful life. Assuming a five year life, a 14,000 monthly depreciation expense would mean the original cost of the equipment would be about $840,000 (I have one client who has one replacement part that costs that amount for just one manufacturing molding machine, so donÃ¢â¬â¢t be surprised by this large monthly depreciation expense! ) How to cite Ac505 Course Project a, Papers
Posted by Jermaine Corley at 2:05 PM
Tuesday, May 5, 2020
Question: Discuss about the Housing Affordability in Australia for yonger Australian. Answer: Affordability crisis affecting young Australians: Statement of problem This study will deal with the housing affordability in Australia. The housing market in Australia is gaining a lot of attention due to affordability issues. It is not easy to afford a house in some of the most populous areas of Australia due to high prices. Affordability depends on average household income and the average house price. The household income varies from one Australian city to the other. Young people falling in the middle-income bracket find the housing prices as "unaffordable". The number of potential buyers has increased due to tax concessions (Butler, 2017). The existing tax system prompts people to invest more in the property. There are several other factors that have increased the demand for housing. This includes low-interest rates, growth in population and rise in income etc. According to a report published in 2016, the average cost of a house in Australia was more than 12 times the average income of a young professional (Butler, 2017). The percentage of young ind ividuals with their own house has reached an all-time low. Young Australians are struggling to cope with housing expenses. Sydney is one of the most expensive cities in Australia. Australian cities are more expensive than the well-developed cities in the world (Butler, 2017). The interest rate for home loans has a huge impact on the housing market. The Australian government has failed to address the problem of housing affordability by taking corrective measures. Aim and Objectives The main aim of this study is to understand the views of young Australians regarding housing affordability and the proportion of household income spent on housing expenditure. This study will help to understand whether the young unmarried individuals would prefer to buy their own house or stay with their parents. This study also aims to make a comparison between two generations regarding ownership of property. Following are the main objectives of this study targeted towards the research problem: To understand the opinion of young professionals regarding purchasing their own home. To analyze the situation of first-time buyers (Yates, 2008). To understand the factors responsible for the present situation of a housing market. To assess the amount of saving or time duration required by a young individual/ couple to purchase a house (Lamont, 2008). To understand the impact of housing prices on the quality of life and the role of role of government in managing this crisis. Research Methodology A descriptive research will be done for this study. The research for this study will be qualitative in nature. Both primary and secondary data will be used for this study. Primary data will be collected through surveys by meeting the respondents face-to-face or sending the questionnaire through e-mail. Surveys are one of the most widely used methods for conducting a descriptive research (Lamont, 2008). A questionnaire will be prepared to record the responses of young Australians. The questionnaire will be prepared using 3 points Likert scale or 5 points Likert scale (Temple, 2008). The responses obtained from the survey will be used to draw conclusions. Secondary sources will help in acquiring information related to this study. Secondary data will be collected through online and offline modes. Relevant secondary data will be collected through various reports, articles, journals and papers published by reliable sources regarding housing affordability in Australia. Sampling: Responses will be collected from 100-120 respondents on the basis of the questionnaire. The survey will be conducted by using the convenient sampling technique. People belonging to the age group of 20-35 years will be targeted for this study (Yates, 2008). Measurement: Respondents will be made to fill the questionnaire over a given period of time. The questionnaire will be circulated through online and offline modes. The responses will be stored in excel sheets (Lamont, 2008). This compiled data will be used for analysis purpose. The data will be analyzed through tables, charts, and graphs. References Butler, j. (2017).The Government Thinks Australia's Crazy House Prices Are Fine.Huffington Post Australia. Retrieved 3 April 2017, from https://www.huffingtonpost.com.au/2016/12/27/the-government-thinks-australias-crazy-house-prices-are-fine/ Lamont, C. (2008). Housing Affordability Crisis: Fact or Fiction?.Australian Economic Review,41(2), 194-199. Temple, J. (2008). Correlates of housing affordability stress among older Australians.Australasian Journal On Ageing,27(1), 20-25. Yates, J. (2008). Australia's Housing Affordability Crisis.Australian Economic Review,41(2), 200-214.
Posted by Jermaine Corley at 9:50 AM