The Subculture Of Board Game - 911 Words

People have always develop ways to pass time or enjoy their everyday activates. There have been puzzles, books, and television invented to help with this process. The need to â€Å"have something to do† has fueled the creation of games. The most popular games today are videogames which have millions of people logging on each day to play with others. Videogames have created a culture of their own, but they were not the original type of gaming recreation. Board games have been bringing their played into fantasy worlds long before the popularization of videogames. This has spark my interest to understand the subculture of board game players in today’s society. I have selected a local board gaming site to conduct my field research for my ethnographic study. My primary location or this research will be at Tucson Games and Gadgets where I will try to minimize any preconceptions I may currently have, and utilize key informants to get an overall picture of the culture. First I had to choose the best location from various gaming locations in the Tucson area. Tucson Games and Gadgets was clearly the most viable option to choose after I had visited the location first hand. This location was conveniently located in the heart of Tucson which gives me great ease of access almost on a daily basis. When first arriving at this location I noticed that the parking lot was already full. For a Monday evening this was a good sign that this location could provide enough opportunities to observe manyShow MoreRelatedVideo Game Culture Over The Youth Of The Nation1143 Words   |  5 PagesWith the video game culture taking over the youth of the nation it’s easy to forget where the beginning of this colossal enterprise started. With the lack of video games in the past the original family games started with classic board games resembling Monopoly and life. These timeless games gave birth to their own culture that allowed players to become immersed in fantasy worlds. This included the creation of games like Dungeons Dragons which would spawn its o wn generation of gamers. RecentlyRead MoreThe Amish Culture And Subcultures1522 Words   |  7 PagesThere are many cultures and within those cultures there are subcultures. Subcultures is a cultural group within a larger group. That have different interest and beliefs. than those of the larger group. The Amish,Mormon and the Jehovah witnesses are among the few strangest subcultures. These subcultural groups are the strangest because of their style,beliefs and hobbies. That separate these subcultures from any other Christian denomination. The Amish have certain beliefs that separate them fromRead MoreYouth Problems826 Words   |  4 PagesYouth problems. Plan: 1) Adolescence: freedom or problem? 2) Addictions. 3) An active sex life and its consequences. 4) Teens-exploiters. 5) Juvenile delinquency. 6) Youth subcultures. 7) The period of risks. 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Ifrs Accounting Solution Free Essays

string(110) " applying FASB Standards or Interpretations, APB Opinions, Accounting Research Bulletins, or emerging issues\." Solutions to Problems and Exercises TABLE OF CONTENTS * Chapter 11 Concepts for Analysis 1-51 Concepts for Analysis 1-62 Concepts for Analysis 1-103 Concepts for Analysis 1-113 * Chapter 24 Brief Exercise 2-34 Brief Exercise 2-44 Brief Exercise 2-54 Exercise 2-35 * Chapter 36 Exercise 3-66 Exercise 3-96 Exercise 3-118 Exercise 3-1410 Exercise 3-1510 Exercise 3-1610 * chapter 412 Exercise 4-212 Exercise 4-413 Exercise 4-516 Exercise 4-1217 Exercise 4-1318 Exercise 4-1519 Problem 4-119 Problem 4-721 * Chapter 523 Exercise 5-223 Exercise 5-423 Exercise 5-1325 Exercise 5-1525 Problem 5-227 * Chapter 729 Exercise 7-529 Exercise 7-730 Exercise 7-1330 Exercise 7-1531 Exercise 7-1631 Exercise 7-2432 Problem 7-834 Problem 7-1135 Problem 7-1536 * Chapter 838 Exercise 8-138 Exercise 8-1538 Exercise 8-2539 Exercise 8-2640 * chapter 942 Brief Exercise 9-242 Brief Exercise 9-442 Brief Exercise 9-742 Brief Exercise 9-843 Exercise 9-243 Exercise 9-744 Exercise 9-1245 Exercise 9-1446 Exercise 9-1947 Problem 9-447 * Chapter 1849 Exercise 18-249 Exercise 18-450 Exercise 18-751 Exercise 18-1152 Exercise 18-1553 Exercise 18-1954 Problem 18-755 Problem 18-857 * Chapter 2359 Exercise 23-159 Exercise 23-559 Exercise 23-660 Exercise 23-1160 CHAPTER 1 CA 1-5 (a)One of the committees that the AICPA established prior to the establishment of the FASB was the Committee on Accounting Procedures (CAP). The CAP, during its existence from 1939 to 1959, issued 51 Accounting Research Bulletins (ARB). In 1959, the AICPA created the Accounting Prin-ciples Board (APB) to replace the CAP. We will write a custom essay sample on Ifrs Accounting Solution or any similar topic only for you Order Now Before being replaced by the FASB, the APB released 31 official pronouncements, called APB Opinions. b)Although the ARBs issued by the CAP helped to narrow the range of alternative practices to some extent, the CAP’s problem-by-problem approach failed to provide the well-defined, structured body of accounting principles that was both needed and desired. As a result, the CAP was replaced by the APB. The APB had more authority and responsibility than did the CAP. Unfortunately, the APB was beleaguered throughout its 14-year existence. It came under fire early, charged with lack of productivity and failing to act promptly to correct alleged accounting abuses. The APB also met a lot of industry and CPA firm opposition and occasional governmental interference when tackling numerous thorny accounting issues. In fear of governmental rule making, the accounting profession investigated the ineffectiveness of the APB and replaced it with the FASB. Learning from prior experiences, the FASB has several significant differences from the APB. The FASB has: (1) smaller membership, (2) full-time, compensated membership, (3) greater autonomy, (4) increased independence, and (5) broader representation. In addition, the FASB has its own research taff and relies on the expertise of various task force groups formed for various projects. These features form the bases for the expectations of success and support from the public. In addition, the due process taken by the FASB in establishing financial accounting standards gives interested persons ample opportunity to make their views known. Thus, the FASB is responsive to the needs and viewpoints of the entire economic community, not just the public accounting profession. (c)The AICPA has supplemented the FASB’s efforts in the present standard-setting environment. The issue papers, which are prepared by the Accounting Standards Executive Committee (AcSEC), identify current financial reporting problems for specific industries and present alternative treat-ments of the issue. These papers provide the FASB with an early warning device to insure timely issuance of FASB standards, Interpretations, and Staff Positions. In situations where the FASB avoids the subject of an issue paper, AcSEC may issue a Statement of Position to provide guidance for the reporting issue. AcSEC also issues Practice Bulletins which indicate how the AICPA believes a given transaction should be reported. Recently, the role of the AICPA in standard-setting has diminished. The FASB and the AICPA agreed, that after a transition period, the AICPA and AcSEC no longer will issue authoritative accounting guidance for public companies. CA 1-6 (a)The Financial Accounting Foundation (FAF) is the sponsoring organization of the FASB. The FAF selects the members of the FASB and its Advisory Council, funds their activities, and generally oversees the FASB’s activities. The FASB follows a due process in establishing a typical FASB Statement of Financial Accounting Standards. The following steps are usually taken: (1) A topic or project is identified and placed on the Board’s agenda. (2) A task force of experts from various sectors is assembled to define problems, issues, and alternatives related to the topic. (3) Research and analysis are conducted by the FASB technical staff. (4) A preliminary views document is drafted and released. (5) A public hearing is often held, usually 60 days after the release of the preliminary views. (6) The Board analyzes and evaluates the public response. (7) The Board deliberates on the issues and prepares an exposure draft for release. 8) After a 30-day (minimum) exposure period for public comment, the Board evaluates all of the responses received. (9) A committee studies the exposure draft in relation to the public responses, reevaluates its position, and revises the draft if necessary. (10) The full Board gives the revised draft final consideration and votes on issuance of a Standards Statement. The passage of a n ew accounting standard in the form of an FASB Statement requires the support of five of the seven Board members. (b)The FASB issues three major types of pronouncements: Standards and Interpretations, Financial Accounting Concepts, and Technical Bulletins. Financial accounting standards issued by the FASB are considered GAAP. In addition, the FASB also issues interpretations that represent modifications or extensions of existing standards and APB Opinions. These interpretations have the same authority as standards and APB Opinions in guiding current accounting practices. The Statements of Financial Accounting Concepts (SFAC) help the FASB to avoid the â€Å"problem-by-problem approach. † These statements set forth fundamental objectives and concepts that the Board will use in developing future standards of financial accounting and reporting. They are intended to form a cohesive set of interrelated concepts, a body of theory or a conceptual framework, that will serve as tools for solving existing and emerging problems in a consistent, sound manner. The FASB may issue a technical bulletin when there is a need for guidelines on implementing or applying FASB Standards or Interpretations, APB Opinions, Accounting Research Bulletins, or emerging issues. You read "Ifrs Accounting Solution" in category "Essay examples" A technical bulletin is issued only when (1) it is not expected to cause a major change in accounting practice for a number of enterprises, (2) its cost of implementation is low, and (3) the guidance provided by the bulletin does ot conflict with any broad fundamental accounting principle. In addition, the FASB’s Emerging Issues Task Force (EITF) issues statements to provide guidance on how to account for new and unusual financial transactions that have the potential for creating diversity in reporting prac tices. The EITF identifies controversial accounting problems as they arise and determines whether they can be quickly resolved or whether the FASB should become involved in solving them. In essence, it becomes a â€Å"problem filter† for the FASB. Thus, it is hoped that the FASB will be able to work on more pervasive long-term problems, while the EITF deals with short-term emerging issues. CA 1-10 1. (b), (e) 2. (a) 3. (c) 4. (d) CA 1-11 1. (d) 2. (f) 3. (c) 4. (e) 5. (a) 6. (b) CHAPTER 2 BRIEF EXERCISE 2-3 (a)Equity (b)Revenues (c)Equity (d)Assets (e)Expenses (f)Losses (g)Liabilities (h)Distributions to owners (i)Gains (j)Investments by owners BRIEF EXERCISE 2-4 (a)Periodicity (b)Monetary unit (c)Going concern (d)Economic entity BRIEF EXERCISE 2-5 (a)Revenue recognition (b)Expense recognition (c)Full disclosure (d)Historical cost EXERCISE 2-3 (15–20 minutes) a)Gains, losses. (b)Liabilities. (c)Investments by owners, comprehensive income. (also possible would be revenues and gains). (d)Distributions to owners. (Note to instructor: net effect is to reduce equity and assets). (e)Comprehensive income. (also possible would be revenues and gains). (f)Assets. (g)Comprehensive income. (h)Revenues, expenses. (i)Equity. (j)Reven ues. (k)Distributions to owners. (l)Comprehensive income. CHAPTER 3 EXERCISE 3-6 (10–15 minutes) 1. | Accounts Receivable| 750| | | Service Revenue| | 750| | | | | 2. | Utilities Expense| 520| | | Utilities Payable| | 520| | | | | 3. | Depreciation Expense| 400| | Accumulated Depreciation—Dental Equipment| | 400| | | | | | Interest Expense| 500| | | Interest Payable| | 500| | | | | 4. | Insurance Expense ($15,000 X 1/12)| 1,250| | | Prepaid Insurance| | 1,250| | | | | 5. | Supplies Expense ($1,600 – $400)| 1,200| | | Supplies| | 1,200| EXERCISE 3-9 (15–20 minutes) (a)| 10/15| Salaries Expense| 800| | | | Cash| | 800| | | (To record payment of October 15 payroll)| | | | | | | | | 10/17| Accounts Receivable| 2,100| | | | Service Revenue| | 2,100| | | (To record revenue for services performed for which payment has not yet been received)| | | | | | | | | 10/20| Cash| 650| | | Unearned Service Revenue| | 650| | | (To record receipt of cash for services not yet performed)| | | | | | | | (b)| 10/31| Supplies Expense| 470| | | | Supplies| | 470| | | (To record the use of supplies during October)| | | | | | | | | 10/31| Accounts Receivable| 1,650| | | | Service Revenue| | 1,650| | | (To record revenue for services performed for which payment has not yet been received)| | | | | | | | | 10/31| Salaries Expense| 600| | | | Salaries Payable| | 600| | | (To record liability for accrued payroll)| | | | | | | | | 10/31| Unearned Service Revenue| 400| | | | Service Revenue| | 400| | (To reduce the Unearned Service Revenue account for service that has been performed)| | | EXERCISE 3-11 (20–25 Minutes) (a)CAVAMANLIS CO. | Income Statement| For the Year Ended December 31, 2010| Revenues| | | Service revenue| | $12,590| Expenses| | | Salaries expense| $6,840| | Rent expense| 2,760| | Depreciation expense| 145| | Interest expense| 83| 9,828| Net Income| | $ 2,762| (b)CAVAMANLIS CO. | Statement of Retained Earnings| For the Year Ended December 31, 2010| Retained earnings, January 1| $11,310| Add: Net income| 2,762| Less: Dividends| 3,000| Retained earnings, December 31| $11,072| c)CAVAMANLIS CO. | Balance Sheet| December 31, 2010| Assets| | | Current Assets| | | Cash| $18,972| | Accounts receivable| 6,920| | Prepaid rent| 2,280| | Total current assets| | $28,172| Property, plant, and equipment| | | Equipment| 18,050| | Less: Accumulated depreciation| (4,895)| 13,155| Total assets| | $41,327| | | | Liabilities and Stockholders’ Equity| | | Current liabilities| | | Notes payable| | $ 5,700| Accounts payable| | 4,472| Interest payable| |   Ã‚  Ã‚  Ã‚  Ã‚   83| Total current liabilities| | 10,255| Stockholders’ equity| | | Common Stock| $20,000| | Retained Earnings| 11,072*| 31,072| Total liabilities and stockholders’ equity| | $41,327| *Beg. Balance + Net Income – Dividends = Ending Balance $11,310 + $2,762 – $3,000 = $11,072 EXERCISE 3-14 (10–15 minutes) Sales| 340,000| | Sales Returns and Allowances| | 13,000| Sales Discounts| | 8,000| Income Summary| | 319,000| | | | Income Summary| 302,000| | Cost of Goods Sold| | 202,000| Freight-out| | 7,000| Insurance Expense| | 12,000| Rent Expense| | 20,000| Salary Expense| | 61,000| | | | Income Summary| 17,000| | Retained Earnings| | 17,000| EXERCISE 3-15 (10–15 minutes) (a) $5,000 ($90,000 – $85,000)(d) $95,000 ($5,000 + $90,000) b) $29,000 ($85,000 – $56,000)(e) $52,000 ($90,000 – $38,000) (c) $14,000 ($29,000 – $15,000) EXERCISE 3-16 (10–15 minutes) Sales| 390,000| | Cost of Goods Sold| | 235,700| Sales Returns and Allowances| | 12,000| Sales Discounts| | 15,000| Selling Expenses| | 16,000| Administrative Expenses| | 38,000| Income Tax Expense| | 30,000| Income Summary| | 43,300| | | | (or)| | | | | | Sales| 390,000| | Income Summary| | 390,000| | | | Income Summary| 346,700| | Cost of Goods Sold| | 235,700| Sales Returns and Allowances| | 12,000| Sales Discounts| | 15,000| Selling Expenses| | 16,000| Administrative Expenses| | 38,000| Income Tax Expense| | 30,000| | | | Income Summary| 43,300| | Retained Earnings| | 43,300| | | | Retained Earnings| 18,000| | Dividends| | 18,000| CHAPTER 4 EXERCISE 4-2 (25–35 minutes) (a)| Total net revenue:| | | | | Sales| | | $400,000| | Less: Sales discounts| | $ 7,800| | | Sales returns| | 12,400| 20,200| | Net sales| | | 379,800| | Dividend revenue| | | 71,000| | Rental revenue| | | 6,500| | Total net revenue| | | $457,300| | | | | | (b)| Net income:| | | | | Total net revenue (from a)| | | $457,300| | Expenses:| | | | | Cost of goods sold| | $184,400| | | Selling expenses| | 99,400| | Administrative expenses| | 82,500| | | Interest expense| | 12,700| | | Total expenses| | | 379,000| | Income before income tax| | | 78,300| | Income tax| | | 26,600| | Net income| | | $ 51,700| (c)| Dividends declared:| | | | | Ending retained earnings| | | $134,000| | Beginning retained earnings| | | 114,400| | Net increase| | | 19,600| | Less: Net income (from (b))| | | 51,700| | Divide nds declared| | | $ 32,100| ALTERNATE SOLUTION (for (c)) | Beginning retained earnings| | | $114,400| | Add: Net income| | | 51,700| | | | | 166,100| Less: Dividends declared| | | ? | | Ending retained earnings| | | $134,000| | | | | | | Dividends declared must be $32,100| | | | ($166,100 – $134,000)| | | | EXERCISE 4-4 (30–35 minutes) (a)Multiple-Step Form| WEBSTER COMPANY| Income Statement| For the Year Ended December 31, 2010| (In thousands, except earnings per share)| Sales| | | $96,500| Cost of goods sold| | | 63,570| Gross profit| | | 32,930| | | | | Operating Expenses| | | | Selling expenses| | | | Sales commissions| $7,980| | | Depr. of sales equipment| 6,480| | | Transportation-out| 2,690| $17,150| | Administrative expenses| | | | Officers’ salaries| 4,900| | | Depr. of office furn. and equip. | 3,960| 8,860| 26,010| Income from operations| | | 6,920| | | | | Other Revenues and Gains| | | | Rental revenue| | | 17,230| | | | 24,150| Other Expenses and Losses| | | | Interest expense| | | 1,860| | | | | Income before income tax| | | 22,290| Income tax| | | 7,580| Net income| | | $14,710| | | | | Earnings per share ($14,710 ? 40,550)| | | $. 36| (b)Single-Step Form| WEBSTER COMPANY| Income Statement| For the Year Ended December 31, 2010| (In thousands, except earnings per share)| Revenues| | | | Sales| | | $ 96,500| Rental revenue| | | 17,230| Total revenues| | | 113,730| | | | | Expenses| | | | Cost of goods sold| | | 63,570| Selling expenses| | | 17,150| Administrative expenses| | | 8,860| Interest expense| | | 1,860| Total expenses| | | 91,440| | | | | Income before income tax| | | 22,290| Income tax| | | 7,580| Net income| | | $ 14,710| | | | | Earnings per share| | | $0. 36| Note: An alternative income statement format for the single-step form is to show income tax as part of expenses, and not as a separate item. (c)Single-step: 1. Simplicity and conciseness. 2. Probably better understood by users. . Emphasis on total costs and expenses and net income. 4. Does not imply priority of one revenue or expense over another. Multiple-step: 1. Provides more information through segregation of operating and nonoperating items. 2. Expenses are matched with related revenue. Note to instructor: Students’ answers will vary due to the nature of the question; i. e. , it asks for an opinion. However, the discussion supporting the answer should include the above points. EXERCISE 4-5 (30–35 minutes) PARNEVIK CORP. | Income Statement| For the Year Ended December 31, 2010| Sales Revenue| | | Sales| | $1,280,000| Less: Sales returns and allowances| $150,000| | Sales discounts| 45,000| 195,000| Net sales revenue| | 1,085,000| Cost of goods sold| | 621,000| Gross profit| | 464,000| | | | Operating Expenses| | | Selling expenses| 194,000| | Admin. and general expenses| 97,000| 291,000| Income from operations| | 173,000| Other Revenues and Gains| | | Interest revenue| | 86,000| | | 259,000| Other Expenses and Losses| | | Interest expense| | 60,000| | | | Income before tax and extraordinary item| | 199,000| Income tax ($199,000 X . 34)| | 67,660| Income before extraordinary item| | 131,340| Extraordinary item—loss from earthquake damage| 120,000| | Less: Applicable tax reduction ($120,000 X . 34)| 40,800| 79,200| Net income| | $ 52,140| Per share of common stock:| | | Income before extraordinary item ? ($131,340 ? 100,000)| | $1. 31*| Extraordinary item (net of tax)| | (0. 79)| Net income ($52,140 ? 100,000)| | $0. 52| *Rounded EXERCISE 4-12 (15–20 minutes) Net income:| | | Income from continuing operations before income tax| | $21,650,000| Income tax (35% X $21,650,000)| | 7,577,500| Income from continuing operations| | 14,072,500| Discontinued operations| | | Loss before income tax| $3,225,000| | Less: Applicable income tax (35%)| 1,128,750| 2,096,250| Net income| | $11,976,250| | | | Preferred dividends declared:| | $ 860,000| | | | Weighted average common shares outstanding| | 4,000,000| | | | Earnings per share| | | Income from continuing operations| | $3. 30*| Discontinued operations, net of tax| | (0. 52)**| Net income| | $2. 78***| *($14,072,500 – $860,000) ? 4,000,000. (Rounded) **$2,096,250 ? 4,000,000. (Rounded) ***($11,976,250 – $860,000) ? 4,000,000. EXERCISE 4-13 (15–20 minutes) (a) 2010 Income before income tax$460,000 Income tax (35%) 161,000 Net Income$299,000 (b)Cumulative effect for years prior to 2010: Year| Weighted Average  | FIFO| Difference| Tax Rate (35%)   | Net Effect| 2008| $370,000| $395,000| $25,000| | | 2009| 390,000| 420,000| 30,000| | | | | Total| $55,000| $19,250| $35,750| (c)| |   Ã‚  Ã‚   2010  Ã‚     |   Ã‚  Ã‚   2009  Ã‚     |   Ã‚     2008  Ã‚     | | Income before income tax| $460,000| $420,000| $395,000| | Income tax (35%)| 161,000| 147,000| 138,250| | Net income| $299,000| $273,000| $256,750| EXERCISE 4-15 (15–20 minutes) BRYANT CO. | Statement of Stockholders’ Equity| For the Year Ended December 31, 2010| | Total| | Compre-hensive Income| | Retained Earnings| | Accumulated Other Comprehensive Income| | Common Stock| Beginning balance| $520,000| | | | $ 90,000| | $80,000| | $350,000| Comprehensive income| | | | | | | | | | Net income*| 170,000| | $170,000| | 170,000| | | | | Other comprehensive income| | | | | | | | | | Unrealized holding loss| (50,000)| | (50,000)| | | | (50,000)| | | Comprehensive income| | | $120,000| | | | | | | Dividends| (10,000)| | | | (10,000)| |   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  | |   Ã‚  Ã‚     Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  | Ending balance| $630,000| | | | $250,000| | $30,000| | $350,000| *($750,000 – $500,000 – $80,000). SOLUTIONS TO PROBLEMS | PROBLEM 4-1| | DICKINSON COMPANY| Income Statement| For the Year Ended December 31, 2010| Sales| | $25,000,000| Cost of goods sold| | 16,000,000| Gross profit| | 9,000,000| Selling and administrative expenses| | 4,700,000| Income from operations| | 4,300,000| Other revenues and gains| | | Interest revenue| $ 70,000| | Gain on the sale of investments| 110,000| 180,000| Other expenses and losses| | | Write-off of goodwill| | 820,000| Income from continuing operations before income tax| | 3,660,000| Income tax| | 1,244,000| Income from continuing operations| | 2,416,000| Discontinued operations| | | Loss on operations, net of tax| 90,000| | Loss on disposal, net of tax| 440,000| 530,000| Income before extraordinary item| | 1,886,000| Extraordinary item—loss from flood damage, net of tax| | 390,000| Net income| | $ 1,496,000| Earnings per share:| | | | Income from continuing operations| | $ 4. 67a| Discontinued operations| | | Loss on operations, net of tax| $(0. 18)| | Loss on disposal, net of tax| (0. 88)| (1. 06)| Income before extraordinary item| | 3. 61b| Extraordinary loss, net of tax| | | (0. 78)| Net income| | | $ 2. 83c| DICKINSON COMPANY| Retained Earnings Statement| For the Year Ended December 31, 2010| Retained earnings, January 1| | $ 980,000| Add: Net income| | 1,496,000| | | 2,476,000| Less: Dividends| | | Preferred stock| $ 80,000| | Common stock| 250,000| 330,000| Retained earnings, December 31| | $ 2,146,000| a$2,416,000 – $80,000| =| $4. 67| 500,000 shares| | | | | | b$1,886,000 – $80,000| =| $3. 61| 500,000 shares| | | | | | c$1,496,000 – $80,000| =| $2. 83| 500,000 shares| | | | PROBLEM 4-7| | WADE CORP. | Income Statement (Partial)| For the Year Ended December 31, 2010| Income from continuing operations before income tax| | $1,200,000*| Income tax| | | 456,000**| Income from continuing operations| | | 744,000| Discontinued operations| | | | Loss from operations of discontinued subsidiary| $ 90,000| | | Less: Applicable income tax reduction| 34,200| $ 55,800| | Loss from disposal of subsidiary| 100,000| | | Less: Applicable income tax reduction| 38,000| 62,000| 117,800| Income before ex traordinary item| | | 626,200| Extraordinary item:| | | | Gain on condemnation| | 125,000| | Less: Applicable income tax| | 50,000| 75,000| Net income| | | $ 701,200| | | | | Per share of common stock:| | | | Income from continuing operations| | | $4. 96| Discontinued operations, net of tax| | | (0. 79)| Income before extraordinary item| | | 4. 17| Extraordinary item, net of tax| | | 0. 50| Net income ($701,200 ? 150,000)| | | $4. 67| *Computation of income from continuing operations before income tax:| | As previously stated| | | $1,210,000| Loss on sale of equipment [$40,000 – ($80,000 – $30,000)]| (10,000)| Restated| | | $1,200,000| | | | | **Computation of income tax expense:| | | $1,200,000 X . 38 = $456,000| | | | Note: The error related to the intangible asset was correctly charged to retained earnings. CHAPTER 5 EXERCISE 5-2 (15–20 minutes) 1. | h. | 11. | b. | 2. | d. | 12. | f. | 3. | f. | 13. | a. | 4. | f. | 14. | h. | 5| c. | 15. | c. | 6. | a. | 16. | b. | 7. | f. | 17. | a. | 8. | g. | 18. | a. | 9. | a. | 19. | g. | 10. | a. | 20. | f. | EXERCISE 5-4 (30–35 minutes) GULISTAN INC. | Balance Sheet| December 31, 2010| Assets| Current assets| | | | Cash| $XXX| | | Less: Cash restricted for plant expansion| XXX| $XXX| | Accounts receivable| XXX| | | Less: Allowance for doubtful accounts| XXX| XXX| | Notes receivable| | XXX| | Receivables—officers| | XXX| | Inventories| | | | Finished goods| XXX| | | Work in process| XXX| | | Raw materials| XXX| XXX| | Total current assets| | | $XXX| | | | | Long-term investments| | | | Preferred stock investments| | XXX| | Land held for future plant site| | XXX| | Cash restricted for plant expansion| | XXX| | Total long-term investments| | | XXX| | | | | Property, plant, and equipment| | | | Buildings| | XXX| | Less: Accum. depreciation— buildings| | XXX| XXX| | | | | Intangible assets| | | | Copyrights| | | XXX| Total assets| | | $XXX| Liabilities and Stockholders’ Equity| Current liabilities| | | | | Accrued salaries payable| | $XXX| | | Notes payable, short-term| | XXX| | | Unearned subscriptions revenue| | XXX| | | Unearned rent revenue| | XXX| | | Total current liabilities| | | | $XXX| | | | | | Long-term debt| | | | | Bonds payable, due in four years| | | $XXX| | Less: Discount on bonds payable| | | (XXX)| XXX| Total liabilities| | | | XXX| | | | | | Stockholders’ equity| | | | | Capital stock:| | | | | Common stock| | XXX| | | Additional paid-in capital:| | | | | Paid in capital in excess of par—common stock| | XXX| | | Total paid-in capital| | | XXX| | Retained earnings| | | XXX| | Total paid-in capital and retained earnings| | | XXX| | Less: Treasury stock, at cost| | | (XXX)| | Total stockholders’ equity| | | | XXX| Total liabilities and stock- holders’ equity| | | | $XXX| Note to instructor: An assumption made here is that cash included the cash restricted for plant expansion. If it did not, then a subtraction from cash would not be necessary or the cash balance would be â€Å"grossed up† and then the cash restricted for plant expansion deducted. EXERCISE 5-13 (15–20 minutes) (a)| 4. | (f)| 1. | (k)| 1. | (b)| 3. | (g)| 5. | (l)| 2. | (c)| 4. | (h)| 4. (m)| 2. | (d)| 3. | (i)| 5. | | | (e)| 1. | (j)| 4. | | | EXERCISE 5-15 (25–35 minutes) (a)SONDERGAARD CORPORATION| Statement of Cash Flows| For the Year Ended December 31, 2010| Cash flows from operating activities| | | Net income| | $160,000| Adjustments to reconcile net income| | | to net cash provided by operating | | | activities:| | | Depreciation expense| $17,000| | Lo ss on sale of investments| 7,000| | Decrease in accounts receivable| 5,000| | Decrease in current liabilities| (17,000)| 12,000| Net cash provided by operating activities| | 172,000| Cash flows from investing activities| | | Sale of investments| | | [($74,000 – $52,000) – $7,000]| 15,000| | Purchase of equipment| (58,000)| | Net cash used by investing activities| | (43,000)| Cash flows from financing activities| | | Payment of cash dividends| | (50,000)| Net increase in cash| | 79,000| Cash at beginning of year| | 78,000| Cash at end of year| | $157,000| (b)Free Cash Flow Analysis| Net cash provided by operating activities| | $172,000| Less: Purchase of equipment| | (58,000)| Dividends| | (50,000)| Free cash flow| | $ 64,000| | PROBLEM 5-2| | MONTOYA, INC. | Balance Sheet| December 31, 2010| Assets| Current assets| | | | Cash| | $ 360,000| | Trading securities| | 121,000| | Notes receivable| | 445,700| | Income taxes receivable| | 97,630| | Inventories| | 239,800| | Prepaid expenses| | 87,920| | Total current assets| | | $1,352,050| | | | | Property, plant, and equipment| | | | Land| | $ 480,000| | Building| $1,640,000| | | Less: Accum. depreciation— building| 270,200| 1,369,800| | Equipment| 1,470,000| | | Less: Accum. depreciation— equipment| 292,000| 1,178,000| 3,027,800| | | | | Intangible assets| | | | Goodwill| | | 125,000| Total assets| | | $4,504,850| Liabilities and Stockholders’ Equity| Current liabilities| | | | Accounts payable| | $ 490,000| | Notes payable to banks| | 265,000| | Payroll taxes payable| | 177,591| | Taxes payable| | 98,362| | Rent payable| | 45,000| | Total current liabilities| | | $1,075,953| | | | | Long-term liabilities| | | | Unsecured notes payable| | | | (long-term)| | $1,600,000| | Bonds payable| $300,000| | | Less:Discount on bonds payable| 15,000| 285,000| | Long-term rental obligations| | 480,000| 2,365,000| Total liabilities| | | 3,440,953| | | | | Stockholders’ equity| | | | Capital stock| | | | Preferred stock, $10 par; 20,000 shares authorized, 15,000 shares issued| $150,000| | | Common stock, $1 par; 400,000 shares authorized, 200,000 issued| 200,000| $350,000| | Retained earnings ($1,063,897 – $350,000)| | 713,897| | Total stockholders’ equity ($4,504,850 – $3,440,953)| | | 1,063,897| Total liabilities and stockholders’ equity| | | $4,504,850| CHAPTER 7 EXERCISE 7-5 (15–20 minutes) (a)| 1. | June 3| Accounts Receivable—Arquette| 2,000| | | | | Sales| | 2,000| | | | | | | | | June 12| Cash| 1,960| | | | | Sales Discounts ($2,000 X 2%)| 40| | | | | Accounts Receivable—Arquette| | 2,000| | | | | | | 2. | June 3| Accounts Receivable—Arquette| 1,960| | | | | Sales ($2,000 X 98%)| | 1,960| | | | | | | | | June 12| Cash| 1,960| | | | | Accounts Receivable—Arquette| | 1,960| (b)| July 29| Cash| 2,000| | | | Accounts Receivable—Arquette| | 1,960| | | Sales Discounts Forfeited| | 40| | | | | | | (Note to instruc tor: Sales discounts forfeited could have been recog-nized at the time the discount period lapsed. The company, however, would probably not record this forfeiture until final cash settlement. )| EXERCISE 7-7 (10–15 minutes) (a)| Bad Debt Expense| 7,500| | | Allowance for Doubtful Accounts| | 7,500*| | | | | . 01 X ($800,000 – $50,000) = $7,500| | | | | | | (b)| Bad Debt Expense| 6,000| | | Allowance for Doubtful Accounts| | 6,000*| | | | | *Step 1:. 05 X $160,000 = $8,000 (desired credit balance in Allowance account) Step 2:$8,000 – $2,000 = $6,000 (required credit entry to bring allowance account to $8,000 credit balance) EXERCISE 7-13 (10–15 minutes) (a)| Cash| 290,000| | | Finance Charge| 10,000*| | | Notes Payable| | 300,000| | | | | *2% X $500,000 = $10,000| | | | | | | (b)| Cash| 350,000| | | Accounts Receivable| | 350,000| EXERCISE 7-13 (Continued) (c)| Notes Payable| 300,000| | | Interest Expense| 7,500*| | Cash| | 307,500| | | | | *10% X $300,000 X 3/12 = $7,500| | | EXERCISE 7-15 (10–15 minutes) Computation of net proceeds:| Cash received| | $190,000| Less: Recourse liability| | 2,000| Net proceeds| | $188,000| Computation of gain or loss:| Carrying value| | $200,000| Net proceeds| | 188,000| Loss on sale of receivables| | $ 12,000| The following journal entry would be made:| Cash| $190,000| | Loss on Sale of Receivables| 12,000| | Recourse Liability| | 2,000| Accounts Receivable| | 200,000| EXERCISE 7-16 (15–20 minutes) (a)| To be recorded as a sale, all of the following conditions would be met:| | | | 1. The transferred asset has been isolated from the transferor (put beyond reach of the transferor and its creditors). | | | | | 2. | The transferees have obtained the right to pledge or to exchange either the transferred assets or beneficial interests in the trans-ferred assets. | | | | | 3. | The transferor does not maintain effective control over the trans-ferred assets through an agreement to repurchase or redeem them before their maturity. | (b)| Computation of net proceeds:| | Cash received ($250,000 X 94%)| $235,000| | | Due from factor ($250,000 X 4%)| 10,000| $245,000| | Less: Recourse obligation| | 3,000| Net proceeds| | $242,000| | Computation of gain or loss:| | Carrying value| | $250,000| | Net proceeds| | 242,000| | Loss on sale of receivables| | $ 8,000| | The following journal entry would be made:| | Cash| $235,000| | | Due from Factor| 10,000| | | Loss on Sale of Receivables| 8,000| | | Recourse Liability| | 3,000| | Accounts Receivable| | 250,000| *EXERCISE 7-24 (15–20 minutes) (a)KIPLING COMPANY| Bank Reconciliation | July 31| Balance per bank statement, July 31| | $ 8,650| Add: Deposits in transit| | 2,850a| Deduct: Outstanding checks| | (1,100)b| Correct cash balance, July 31| | $10,400| | | Balance per books, July 31| | $ 9,250| Add: Collection of note| | 1,500| Less: Bank service charge| $ 15| | NSF check| 335| (350)| Corrected cash balance, July 31| | $10,4 00| aComputation of deposits in transit| | | Deposits per books| | $5,810| Deposits per bank in July| $ 4,500| | Less deposits in transit (June)|   (1,540)| | Deposits mailed and received in July| | (2,960)| Deposits in transit, July 31| | $2,850| bComputation of outstanding checks| | | Checks written per books| | $3,100| Checks cleared by bank in July| $ 4,000| | Less outstanding checks (June)*| (2,000)| | Checks written and cleared in July| | (2,000)| Outstanding checks, July 31| | $1,100| *Assumed to clear bank in July (b)| Cash| 1,150| | | Office Expenses—Bank Charges| 15| | | Accounts Receivable| 335| | | Notes Receivable| | 1,500| | PROBLEM 7-8| | 10/1/10| Notes Receivable| 120,000| | | Sales| | 120,000| | | | | 12/31/10| Interest Receivable| 2,400*| | | Interest Revenue| | 2,400| | | | | *$120,000 X . 08 X 3/12 = $2,400| | | | | | 10/1/11| Cash| 9,600*| | | Interest Receivable| | 2,400| | Interest Revenue| | 7,200**| | | | | *$120,000 X . 08 = $9,600**$120,000 X . 08 X 9/12 = $7,200| | | | | | 2/31/11| Interest Receivable| 2,400| | | Interest Revenue| | 2,400| | | | | 10/1/12| Cash| 9,600| | | Interest Receivable| | 2,400| | Interest Revenue| | 7,200| | | | | | Cash| 120,000| | | Notes Receivable| | 120,000| Note: Entries at 10/1/11 and 10/1/12 assumes reversing entries were not made on January 1, 2011 and January 1, 2012. | PROBLEM 7-11| | SANDBURG COMPANY| Income Stateme nt Effects| For the Year Ended December 31, 2010| Expenses resulting from accounts receivable| | | | | assigned (Schedule 1)| | | | $22,320| Loss resulting from accounts receivable| | | | | sold ($300,000 – $270,000)| | | | 30,000| Total expenses| | | | $52,320| Schedule 1 Computation of Expense| for Accounts Receivable Assigned| Assignment expense:| | | | | Accounts receivable assigned| | $400,000| | | | | X 80%| | | Advance by Keller Finance Company| | 320,000| | | | | X 3%| | $ 9,600| Interest expense| | | | 12,720| Total expenses| | | | $22,320| | *PROBLEM 7-15| | (a)The entries for the issuance of the note on January 1, 2010: The present value of the note is: $1,200,000 X . 68058 = $816,700 (Rounded by $4). | Botosan Company (Debtor):| | | | Cash| 816,700| | | Discount on Notes Payable| 383,300| | | Note Payable| | 1,200,000| | | | | National Organization Bank (Creditor):| | | | Notes Receivable| 1,200,000| | | Discount on Notes Receivable| | 383,300| | Cash| | 816,700| (b)The amortization schedule for this note is: SCHEDULE FOR INTEREST AND DISCOUNT AMORTIZATION— EFFECTIVE-INTEREST METHOD $1,200,000 Note Issued to Yield 8% Date| | Cash Paid| | Interest Expense| | Discount Amortized| | Carrying Amou nt of Note| 1/1/10| | | | | | | | $ 816,700| 12/31/10| | $0| | $ 65,336*| | $ 65,336| | 882,036**| 12/31/11| | 0| | 70,563| | 70,563| | 952,599| 12/31/12| | 0| | 76,208| | 76,208| | 1,028,807| 12/31/13| | 0| | 82,305| | 82,305| | 1,111,112| 2/31/14| | 0| | 88,888| | 88,888| | 1,200,000| Total| | $0| | $383,300| | $383,300| | | *$816,700 X 8% = $65,336. **$816,700 + $65,336 = $882,036. (c)The note can be considered to be impaired only when it is probable that, based on current information and events, National Organization Bank will be unable to collect all amounts due (both principal and interest) according to the contractual terms of the loan. (d)| The loss is computed as follows:| | | | Carrying amount of loan (12/31/11)| | $952,599a| | Less: Present value of $800,000 due in 3 years at 8%| |   (635,064)b| | Loss due to impairment| | $317,535| | | | | aSee amortization schedule from answer (b) on page 7-66. | | | b$800,000 X . 79383 = $635,064. | | | | December 31, 2011| | Nationa l Organization Bank (Creditor):| | | | Bad Debt Expense| 317,535| | | Allowance for Doubtful Accounts| | 317,535| Note: Botosan Company (Debtor) has no entry. CHAPTER 8 EXERCISE 8-1 (15–20 minutes) Items 2, 3, 5, 8, 10, 13, 14, 16, and 17 would be reported as inventory in the financial statements. The following items would not be reported as inventory: 1. Cost of goods sold in the income statement. 4. Not reported in the financial statements. 6. Cost of goods sold in the income statement. . Cost of goods sold in the income statement. 9. Interest expense in the income statement. 11. Advertising expense in the income statement. 12. Office supplies in the current assets section of the balance sheet. 15. Not reported in the financial statements. 18. Short-term investments in the current asset section of the balance sheet. EXERCISE 8-15 (15–20 minutes) (a)ESPLANADE COMPANY| Computation of Inventory for Product| BAP Under FIFO Inventory Method| March 31, 2010| | Units| | Uni t Cost| | Total Cost| March 26, 2010| 600| | $12. 00| | $ 7,200| February 16, 2010| 800| | 11. 00| | 8,800| January 25, 2010 (portion)| 100| | 10. 00| | 1,000| March 31, 2010, inventory | 1,500| | | | $17,000| (b)ESPLANADE COMPANY| Computation of Inventory for Product| BAP Under LIFO Inventory Method| March 31, 2010| | Units| | Unit Cost| | Total Cost| Beginning inventory| 600| | $8. 00| | $ 4,800| January 5, 2010 (portion)| 900| | 9. 00| | 8,100| March 31, 2010, inventory| 1,500| | | | $12,900| (c)ESPLANADE COMPANY| Computation of Inventory for Product| BAP Under Weighted Average Inventory Method| March 31, 2010| | Units| | Unit Cost| | Total Cost| Beginning inventory| 600| | $ 8. 0| | $ 4,800| January 5, 2010| 1,100| | 9. 00| | 9,900| January 25, 2010| 1,300| | 10. 00| | 13,000| February 16, 2010| 800| | 11. 00| | 8,800| March 26, 2010| 600| | 12. 00| | 7,200| | 4,400| | | | $43,700| | | | | | | Weighted average cost| | | | | | ($43,700 ? 4,400)| | | $ 9. 93*| | | | | | | | | March 31, 2010, inventory| 1,500| | $ 9. 93| | $14,895| *Rounded off. EXERCISE 8-25 (20–25 minutes) | Curr ent $| | Price Index| | Base Year $| | Change from Prior Year| 2007| $ 80,000| | 1. 00| | $ 80,000| | —| 2008| 111,300| | 1. 05| | 106,000| | +$26,000| 2009| 108,000| | 1. 0| | 90,000| | (16,000)| 2010| 122,200| | 1. 30| | 94,000| | +4,000| 2011| 147,000| | 1. 40| | 105,000| | +11,000| 2012| 176,900| | 1. 45| | 122,000| | +17,000| Ending Inventory—Dollar-value LIFO: 2007| $80,000| | | 2011| $80,000 @ 1. 00 =| $ 80,000| | | | | | 10,000 @ 1. 05 = | 10,500| 2008| $80,000 @ 1. 00 =| $ 80,000| | | 4,000 @ 1. 30 =| 5,200| | 26,000 @ 1. 05 =| 27,300| | | 11,000 @ 1. 40 = | 15,400| | | $107,300| | | | $111,100| | | | | | | | 2009| $80,000 @ 1. 00 =| $ 80,000| | 2012| $80,000 @ 1. 00 =| $ 80,000| | 10,000 @ 1. 05 =| 10,500| | | 10,000 @ 1. 5 =| 10,500| | | $ 90,500| | | 4,000 @ 1. 30 =| 5,200| | | | | | 11,000 @ 1. 40 =| 15,400| 2010| $80,000 @ 1. 00 =| $ 80,000| | | 17,000 @ 1. 45 =| 24,650| | 10,000 @ 1. 05 =| 10,500| | | | $135,750| | 4,000 @ 1. 30 =| 5,200| | | | | | | $ 9 5,700| | | | | EXERCISE 8-26 (15–20 minutes) Date| | Current $| | Price Index| | Base-Year $| | Change from Prior Year| Dec. 31, 2007| | $ 70,000| | 1. 00| | $70,000| | —| Dec. 31, 2008| | 88,200| | 1. 05| | 84,000| | +$14,000| Dec. 31, 2009| | 95,120| | 1. 16| | 82,000| | (2,000)| Dec. 31, 2010| | 108,000| | 1. 0| | 90,000| | +8,000| Dec. 31, 2011| | 100,000| | 1. 25| | 80,000| | (10,000)| Ending Inventory—Dollar-value LIFO: Dec. 31, 2007| $70,000| | | | | Dec. 31, 2008| $70,000 @ 1. 00 =| $70,000| | 14,000 @ 1. 05 =| 14,700| | | $84,700| | | | Dec. 31, 2009| $70,000 @ 1. 00 =| $70,000| | 12,000 @ 1. 05 =| 12,600| | | $82,600| | | | Dec. 31, 2010| $70,000 @ 1. 00 =| $70,000| | 12,000 @ 1. 05 =| 12,600| | 8,000 @ 1. 20 =| 9,600| | | $92,200| | | | Dec. 31, 2011| $70,000 @ 1. 00 =| $70,000| | 10,000 @ 1. 05 =| 10,500| | | $80,500| CHAPTER 9 BRIEF EXERCISE 9-2 Item| | Cost| | Designated Market| | LCM| Jokers| | $2,000| | $2,050| | $2,000| Penguins| | 5,000| | 4,950| | 4,950| Riddlers| | 4,400| | 4,550| | 4,400| Scarecrows| | 3,200| | 3,070| | 3,070| BRIEF EXERCISE 9-4 Group| | Number of CDs| | Sales Price per CD| | Total Sales Price| | Relative Sales Price| | Total Cost| | Cost Allocated to CDs| | Cost per CD| 1| | 100| | $ 5| | $ 500| | 5/100*| X| $8,000| =| $ 400| | $ 4**| 2| | 800| | $10| | 8,000| | 80/100| X| $8,000| =| 6,400| | $ 8| 3| | 100| | $15| | 1,500| | 15/100| X| $8,000| =| 1,200| | $12| | | | | | | $10,000| | | | | | $8,000| | | $500/$10,000 = 5/100**$400/100 = $4 BRIEF EXERCISE 9-7 Beginning inventory| | $150,000| Purchases| | 500,000| Cost of goods available| | 650,000| Sales| $700,000| | Less gross profit (35% X 700,000)| 245,000| | Estimated cost of goods sold| | 455,000| Estimated ending inventory destroyed in fire| | $195,000| BRIEF EXERCISE 9-8 | Cost| | Retail| Beginning inventory| $ 12,000| | $ 20,000| Net purchases| 120,000| | 170,000| Net markups|   | | 10,000| Totals| $132,000| | 200,000| Deduct:| | | | Net markdowns| | | 7,000| Sales| | | 147,000| Ending inventory at retail| | | $ 46,000| | | | | Cost-to-retail ratio: $132,000 ? $200,000 = 66%| | | | Ending inventory at lower-of cost-or-market (66% X $46,000) = $30,360 EXERCISE 9-2 (10–15 minutes) Item| | Net Realizable Value (Ceiling)| | Net Realizable Value Less Normal Profit (Floor)| | Replacement Cost| | Designated Market| | Cost| | LCM| D| | $90*| | $70**| | $120| | $90| | $75| | $75| E| | 80| | 60| | 72| | 72| | 80| | 72| F| | 60| | 40| | 70| | 60| | 80| | 60| G| | 55| | 35| | 30| | 35| | 80| | 35| H| | 80| | 60| | 70| | 70| | 50| | 50| I| | 60| | 40| | 30| | 40| | 36| | 36| | | | | | | | | | | | | | Estimated selling price – Estimated selling expense = $120 – $30 = $90. **Net realizable value – Normal profit margin = $90 – $20 = $70. EXERCISE 9-7 (15–20 minutes) Cost Per Lot (Cost Allocated/ No. of Lots)| $2,040| 2,720| 1,360| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Cost Allocated to Lots| $18,360| 40,800| 25,840| $85,000| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total Cost| $85,000| 85,000| 85,000| | | | | | | | | | | | | | | | | | | | X| X| X| | | | | | | | | | | | | | | | | | | Relative Sales Price| $27,000/$125,000| $60,000/$125,000| $38,000/$125,000| | | $78,000| 53,040| 24,960| 18,200| $ 6,760| | | Gross Profit| $ 3,840| 10,240| 10,880| $24,960| | | | | | | | | | | | | | | | | | | | | | | | | | | Total Sales Price| $ 27,000| 60,000| 38,000| $125,000| | Sales (see schedule)| Cost of goods sold (see schedule)| Gross profit| Operating expenses| Net income| | | Sales| $12,000| 32,000| 34,000| $78,000| | | | | | | | | | | | | | | | | | | | | | | | | | | Sales Price Per Lot| $3,000| 4,000| 2,000| | | | | | | | | | Cost Cost of Per Lots Lot Sold| $2,040 $ 8,160| 2,720 21,760| 1,360 23,120| $53,040| | | | | | | | | | | | | | | | | | | | | | | | | | | No. of Lots| 9| 15| 19| | | | | | | | | | Number of Lots Sold*| 4| 8| 17| 29| | * 9 – 5 = 4| 15 – 7 = 8| 19 – 2 = 17| | | | | | | | | | | | | | | | | | | | | | | | Group 1| Group 2| Group 3| | | | | | | | | | | Group 1| Group 2| Group 3| Total| | | | | EXERCISE 9-12 (10–15 minutes) a)| Inventory, May 1 (at cost)| | $160,000| | Purchases (at cost)| | 640,000| | Purchase discounts| | (12,000)| | Freight-in| | 30,000| | Goods available (at cost)| | 818,000| | Sales (at selling price)| $1,000,000| | | Sales returns (at selling price)| (70,000)| | | Net sales (at selling price)| 930,000| | | Less: Gross profit (25% of $930,000)| 232,500| | | Sales (at cost)| | 697,500| | Approximate inventory, May 31 (at cost)| | $120,500| (b)Gross profit as a percent of sales must be comp uted: | 25%| = 20% of sales. | | 100% + 25%| | | Inventory, May 1 (at cost)| | $160,000| Purchases (at cost)| | 640,000| | Purchase discounts| | (12,000)| | Freight-in| | 30,000| | Goods available (at cost)| | 818,000| | Sales (at selling price)| $1,000,000| | | Sales returns (at selling price)| (70,000)| | | Net sales (at selling price)| 930,000| | | Less: Gross profit (20% of $930,000)| 186,000| | | Sales (at cost)| | 744,000| | Approximate inventory, May 31 (at cost)| | $ 74,000| | | | | EXERCISE 9-14 Beginning inventory| | $170,000| Purchases| | 450,000| | | 620,000| Purchase returns| | (30,000)| Goods available (at cost)| | 590,000| Sales| $650,000| | Sales returns| (24,000)| | Net sales| 626,000| | Less: Gross profit (30% X $626,000)| (187,800)| 438,200| Estimated ending inventory (unadjusted for damage)| | 151,800| Less: Goods on hand—undamaged (at cost) $21,000 X (1 – 30%)| | (14,700)| Less: Goods on hand—damaged (at net realizable value)| | (5,300)| Fire loss on inventory| | $131,800| EXERCISE 9-19 (12–17 minutes) | Cost| | Retail| Beginning inventory| $ 200,000| | $ 280,000| Purchases| 1,425,000| | 2,140,000| Totals| 1,625,000| | 2,420,000| Add: Net markups| | | | Markups| | $95,000| | Markup cancellations| _________| (15,000)| 80,000| Totals| $1,625,000| | 2,500,000| | | | | Deduct: Net markdowns| | | | Markdowns| | 35,000| | Markdown cancellations| | (5,000)| 30,000| Sales price of goods available| | | 2,470,000| Deduct: Sales| | | 2,250,000| Ending inventory at retail| | | $ 220,000| Cost-to-retail ratio =| $1,625,000| = 65%| | $2,500,000| | Ending inventory at cost = 65% X $220,000 = $143,000 | PROBLEM 9-4| | Beginning inventory| | $ 80,000| Purchases| | 290,000| | | 370,000| Purchase returns| | (28,000)| Total goods available| | 342,000| Sales| $415,000| | Sales returns| (21,000)| | | 394,000| | Less: Gross profit (35% of $394,000)| 137,900|   (256,100)| Ending inventory (unadjusted for damage)| | 85,900| Less: Goods on hand—undamaged| | | ($30,000 X [1 – 35%])| | 19,500| Inventory damaged| | 66,400| Less: Salvage value of damaged inventory| | 8,150| Fire loss on inventory| | $ 58,250| CHAPTER 18 EXERCISE 18-2 (15–20 minutes) (a)1. 6/3Accounts Receivable—Ann Mount8,000 Sales8,000 6/5Sales Returns and Allowances600 Accounts Receivable—Ann Mount600 6/7Transportation-Out24 Cash24 6/12Cash7,252 Sales Discounts (2% X $7,400)148 Accounts Receivable—Ann Mount7,400 2. 6/3Accounts Receivable—Ann Mount7,840 Sales [$8,000 – (2% X $8,000)]7,840 6/5Sales Returns and Allowances588 Accounts Receivable—Ann Mount [$600 – (2% x $600)]588 6/7Transportation-Out24 Cash24 6/12Cash7,252 Accounts Receivable—Ann Mount7,252 (b)8/5Cash7,400 Accounts Receivable—Ann Mount7,252 Sales Discounts Forfeited (2% X $7,400)148 EXERCISE 18-4 (20–25 minutes) (a)Gross profit recognized in: | 2010| 2011| 2012| Contract price| | $1,600,000| | $1,600,000| | $1,600,000| Costs:| | | | | | | Costs to date| $400,000| | $825,000| | $1,070,000| | Estimated costs to complete| 600,000| 1,000,000| 275,000| 1,100,000| 0| 1,070,000| Total estimated profit| | 600,000| | 500,000| | 530,000| Percentage completed to date| | 40%*| | 75%**| | 100%| Total gross profit recognized| | 240,000| | 375,000| | 530,000| Less: Gross profit recognized in previous years| | 0| | 240,000| | 375,000| Gross profit recognized in current year| | $ 240,000| | $ 135,000| | $ 155,000| **$400,000 ? $1,000,000**$825,000 ? 1,100,000 (b)Construction in Process ($825,000 – $400,000)425,000Materials, Cash, Payables, etc. 425,000Accounts Receivable ($900,000 – $300,000)600,000 Billings on Construction in Process600,000 Cash ($810,000 – $270,000)540,000 Accounts Receivable540,000 Construction Expenses425,000 Construction in Process135,000 Revenue from Long-Term Contracts560,000* *$1,600,000 X (75% – 40%) (c)Gross profit recognized in: | 2010| 2011| 2012| Gross profit| $–0 œ| $–0–| $530,000*| *$1,600,000 – $1,070,000 EXERCISE 18-7 (25–30 minutes) (a)1. Gross profit recognized in 2010: Contract price$1,200,000 Costs: Costs to date$280,000 Estimated additional costs 520,000 800,000 Total estimated profit400,000 Percentage completion to date ($280,000/$800,000) 35% Gross profit recognized in 2010$ 140,000 Gross profit recognized in 2011: Contract price$1,200,000 Costs: Costs to date$600,000 Estimated additional costs 200,000 800,000 Total estimated profit400,000 Percentage completion to date ($600,000/$800,000) 75% Total gross profit recognized300,000 Less: Gross profit recognized in 2010 140,000 Gross profit recognized in 2011$ 160,000 2. Construction in Process ($600,000 – $280,000)320,000 Materials, Cash, Payables, etc. 20,000 Accounts Receivable ($500,000 – $150,000)350,000 Billings on Construction in Process350,000 Cash ($320,000 – $120,000)200,000 Accounts Receivable200,000 Construction in Process160,000 Construction Expenses320,000 Revenues from Long-Term Contracts480,000* *$1,200,000 X [($600,000 – $280,000) ? $800,000] (b)Income Statement (2011)— Gross profit on long-term cons truction contract$160,000 Balance Sheet (12/31/11)— Current assets: Receivables—construction in process$180,000* Inventories—construction in process totaling $900,000** less billings of $500,000$400,000 **$180,000 = $500,000 – $320,000 **Total cost to date$600,000 010 Gross profit140,000 2011 Gross profit 160,000 $900,000 EXERCISE 18-11 (15–20 minutes) (a)Computation of gross profit recognized: | 2010| 2011| $370,000 X 34%*| $125,800| | $350,000 X 34%*| | $119,000| $450,000 X 32%**|   Ã‚     | 144,000| | $125,800| $263,000| *($900,000 – $594,000) ? $900,000 **($1,000,000 – $680,000) ? $1,000,000(b)Installment Accounts Receivable—20111,000,000 Installment Sales1,000,000 Cost of Installment Sales680,000 Inventory680,000 Cash800,000 Installment Accounts Receivable, 2010350,000 Installment Accounts Receivable, 2011450,000 Installment Sales1,000,000 Cost of Installment Sales680,000 Deferred Gross Profit on Installment Sales, 2011320,000 Deferred Gross Profit on Installment Sales, 2010119,000 Deferred Gross Profit on Installment Sales, 2011144,000 Realized Gross Profit on Installment Sales263,000 Realized Gross Profit on Installment Sales263,000 Income Summary263,000 EXERCISE 18-15 (10–15 minutes) (a)Realized gross profit recognized in 2011 under the installment-sales method of accounting is $83,000. When gross profit is expressed as a percentage of cost, it must be converted to percentage of sales to compute the realized gross profit under the installment-sales method of accounting. Thus, 2010 and 2011 gross profits as a percentage of sales are 20% and 21. 875% respectively. Sale Year|   Ã‚  Gross Profit Percentage  Ã‚  | 2011 Collections| 2011 Realized Profit| 2010| . 25/(1. 00 + . 25) = 20%  | $240,000| $48,000| 2011| . 28/(1. 00 + . 28) = 21. 875%| 160,000| 35,000| | | TOTAL| $83,000| (Note to instructor: The problem provides gross profit as a percent of cost. ) (b)The balance of â€Å"Deferred Gross Profit† could be reported on the balance sheet for 2011: 1. As a current liability on the theory that it is related to Installment Accounts Receivables that are normally treated as current assets; . As a deferred credit between liabilities and stockholders’ equity. This treatment is criticized because there is no obligation to outsiders; or 3. As an adjustment or offset to the related Installment Accounts Receivable. This is because the deferred gross profit is a part of revenue from installment sales not yet realized. The related receivable w ill be overstated unless the deferred gross profit is deducted. On the other hand, the amount of deferred gross profit has no direct relationship with the estimated collectibility of the accounts receivable. It is not a settled matter as to the proper classification of â€Å"deferred gross profit† on the balance sheet when the installment-sales method of accounting is used to measure income. As indicated in the text, the FASB in Statement of Financial Accounting Concepts No. 6 indicates that it conceptually is an asset valuation. We support the FASB position. (c)Gross profit as a percent of sales in 2010 is 20% (as computed in (a) above); gross profit therefore is $96,000 ($480,000 X . 20) and the cost of 2010 sales is $384,000 ($480,000 – $96,000). Because the amounts collected in 2010 ($130,000) and 2011 ($240,000) do not exceed the total cost of How to cite Ifrs Accounting Solution, Essay examples

Online Grocery Shopping Australian Region

Question: Discuss about theOnline Grocery Shoppingfor Australian Region. Answer: Introduction Online grocery is recognised as one of the most stimulating markets in the Australian region. Australian in the online grocery sales has ranked in the fifth position in the global context. As per the report of IBIS World, the Australian market is valued approximately to $2.2 billion and is estimated with growth at about 15% a year (www.linkedin.com, 2016). Additionally, the researchers conducted by the previous scholars reflects that the Australian online grocery is expected to become a market disruptor of around 12% and the e-commerce sector has the potential to reach 20% of its overall grocery chain. Against the latter statement, Anderson et al. (2010) inferred that despite the considerable potential of online grocery retailing options, the sector is comprised of few challenges which are potentially delaying its future development both in the Australia and in the global market. According to Hinterhuber Bertini (2011), the first point of obstruction is its present complexity of online shopping. In the online segments the customers easily get the facility of ordering the products from home without affecting the productive time, however, sometimes the fails quality fail to match up with the original version. The customers have provided several reviews regarding the product duplicity. With the specific complexities, the customers perceive the physical shopping option to be much easier. Assessing on the latter context, Ying Zhang (2012) mentioned that the unfortunate execution of the online grocery model has also delayed the development of the online grocery. In the majority of the times, the customers just view the online products and purchase it from the physical stores. OCass Carlson (2012) figured out the majority of the Australian customer visit the online grocery sites just to know the price ranges of the products. Moreover, the product security issue is one of the major concerns of online grocery. Literature Review and Application to the Contemporary Issue In the framework of the present context, Markey et al. (2007) denoted that Woolworths and Coles tend to dominate the Australian online segment, the organisations face significant potential competition in this young market. Woolworths and Coles have dedicated staffs who are instructed to pick food for the customers manually. Christ (2007) explained that the GroceryRun has an automated system that leads to picking up and halve a delivery time. The above aspects have created greater competition for the online grocery spacein the Australian market. The previous records reflect that one of the most significant challenges the Australian online grocery retail experience is the lack of quality assurance the target customers have over the products that are received. Since the Australian customers rely heavily on the physical retail store to select the grocery-based products. The physical stores are majorly preferred over the online groceries due to the visibility and the tangibility concept ( www.theguardian.com/money, 2016). The customers can read the in gradients, touch the products and make the procurement after being completely ensured of the product quality and the value it would serve after the consumption. The current statistics on e-commerce indicates that online grocery shopping is an emerging trend across the globe. Many groceries stores offer a new website to demonstrate the goods so that the customers can easily identify the required products. In the opinion of Mehdi (2015), buying groceries online can be very convenient to the customers as it can save the time and energy. However, there are several key issues related to the online grocery shopping. The foremost problem of online shopping faced by the people is the delivery issue. The customers cannot receive the product immediately. Thus, after purchasing the customers have to wait for the arrivals of the products (Belavina et al. 2016). It has been observed that the grocery delivery services dont have any fixed amount as the shipping charge while delivering the products to the customers doorstep. In this current context, several scholars stated that most of the items are cheaper in an online web store. The additional shipping ch arge makes the price of the products similar or more expensive than the nearby local store (Zivic Shea, 2011). Furthermore, due to the shipping problems, delivery risk occurs to the customers by receiving damaged and duplicate products. According to the view of Anesbury et al. (2015), anonymity is the other possible disadvantage while shopping groceries via online. The customers cannot make any human interaction with the store staff while purchasing the products. Adding to this, product quality and freshness are the major barriers for online grocery shopping (Cho, 2011). It has been observed that sometimes the descriptions of the products are different from the actual products. As a consequence, the customers can receive an inferior quality of the products. Moreover, the online scam and fraud cases are also increasing as long as the online grocery shopping is becoming very frequent (Jones, 2014). Returning the item is another factor that disappoints the customers in case of online grocery shopping. It has been recognised that the grocery products are sold without having any international warranty. Supporting the prior statement Hirogaki (2015) added that the group of consumers cannot communicate with the sellers regarding the warranty issues of the products. Thus, it can be treated as one of the major contemporary issues while buying the grocery items via online. The past researches indicate that majority of the Australian buyers are quite pi cky about the groceries. For example Bressolles et al. (2007) mentioned that if people do not find the favourite brand of biscuit, then the people go for the second preference available in the store. But in a case of an online option, the customers do not get such option while purchasing the goods. It has been found that if the favourite brand is not displayed in the online catalogue or it happens to be out of stock, then in both of the cases, customers have to go to the local market (Zivic Shea, 2011). Sub-standard fruits, vegetables, frozen foods and the close to expiry date dairy products are the few significant points that minimise the brand loyalty towards the customers. Finally, the customers have loses the social experience of grocery shopping while buying the groceries products through online. As per the opinion of Thackeray et al. (2007), nearly half of the customers experience issues in the online purchase. The survey conducted by the previous scholars in the specific area reports that 46% of the customers have faced seller related issues. The vendors appointed for the online product delivery procedure requires maintaining a firm and composed attitude. In the high percentages of the times the customers fail to jot the exact address while ordering the products, therefore, the sellers be the victim of the residential misguidance. Grefen (2013) identified that 19% of the customers had faced the issue in the delivery process, 13% of the customers have complained regarding the faulty product, 11% of the customers are unsatisfied because the products were left outside the home without any permission and the unexpected fees charged 4%. The previous statistics reflect that the consumers are increasingly purchasing the majority of the fashion based goods from the online sites. Almost 47% customers prefer buying the clothes and footwear online than the grocery segment. In the context of the previous statement, Markey et al. (2007) determined that the grocery-based products have a high chance of getting perishable within the shorter period. However, Ying Zhang (2012) argued that the majority of the online brands provide a replacement option within the tenure of at least seven days. The customers still are not satisfied with the service lines the brand's online brands provide with regards to the grocery-based products. Therefore, in the Australian market, the e-commerce brands operating with the fashion and other accessories have managed to retain its loyal set of prospects. On the other hand, due to the perishable nature of the grocery-based products, the segment fails to convince the target customers with the product and service lines. The Internet Crime Complaint Centre has denoted that the complaints regarding the online payment fraud made by consumers in 2007 have reached to an approximate figure of $239 million, which is comparatively more than to $198 million complaints raised in 2006. Different consumers are rightfully troubled regarding the financial information system, such as providing the credit card or debit card details. Contrary to the latter statement, Markey et al. (2007) mentioned that the online payment services are offering restricted protections regarding the confidential details. The viewers fail to read the instruction clearly and formulated a wrong perception regarding the financial securities of the online groceries. Considering on the common issue of the online grocery, instability in the product quality is the major hindrance the customers face in the Australian market. Recommendations and Limitations In todays fast changing market Consumer Packaged Goods (CPG) food and beverage are looking for an incremental growth to eliminate the wholesale costs by going directly to the consumer. In this current context of online grocery shopping, trust is one of the major factors to achieve a sustainable brand position (Solomon, 2009). Thus, it can be suggested that the online grocery business of Australia would need to have a huge variety of all the products with the regular promotional updates to draw the attention of the customers. This process would also be helpful to offer fresh and standard products to the customers. As the quality and freshness of products like fruits and vegetables is the biggest concern in online grocery purchase, thus the online shopkeeper has kept a special attention for delivering a high quality of products. As per the view of Mehdi (2015), the online grocery companies of Australia have to segment the premium and regular customers to minimise the delivery charge is sues. In this current scenario, it has been observed that the customers are frequently shifting the brand while purchasing the online grocery items due to the issues of impulsive service delivery charge. Therefore, it can be depicted that segmentation between the premium and a regular group of customers could be beneficial to bring the sustainability by eliminating the challenging situation (Hirogaki, 2015). In addition, the grocery companies can schedule a fixed time to deliver the products to the customer doorstep so that the customer can be available to attain the delivery boy. Supporting this De Kervenoael et al. (2014) cited that the grocery companies can set a fixed time for the customers to receive the products from the store after online purchasing. The time gap of 2 to 3 hours would be convenient both for the consumers and the sellers to eliminate the delivery risks. Furthermore, it is suggested that the customers have to be more aware of the credit card fraud and the other spyware troubles while making online payment for the purchased goods. Considering the words of Cho (2011), the management of the online shopping companies have to incorporate secure payment gateway structure and the other secure facilities so that the customers can attain a scam free website to buy the products easily and regularly. Moreover, it is also essential to hire trained staff members to mitigate the queries of customers while online purchasing takes place. As the customers do not get any human interaction while buying the groceries the group of people might get confused about the orderings. Hence, appointing well-trained staff members to resolve the customers queries could be a beneficial involvement for the online grocery shopping organisations (Anesbury et al. 2015). Additionally, checking the products with the company warranty is necessary for the online buyers. In this context, Belavina et al. (2016) mentioned that the online shopping organisations of Australia have to provide company warranty to convince the customers and preserve the brand image. This process would also help the company to verify the product batch code number product ID mentioned on the product. Moreover, it would also be helpful for the online grocery shopping companies to improve brand loyalty index towards the customers. Accumulating the relevant details regarding the subject matter of the persuasive essay has been the major constraints. In the present era, the Australian market is highly inclined towards the online grocery shopping concept. Thus, finding updated information regarding its issues has been relatively sturdy. The majority of the secondary sources like the journals, books and e-learning sites highlight the positive aspects of the e-commerce grocery segments. However, the internet serves to be the potent source of updated information related to the issues the customers are facing with the online grocery services in the Australian market. References: Linkedin (2013) Available at: https://www.linkedin.com/pulse/challenges-online-grocery-retailing-australia-reeza-azmir. Anderson, J., Kupp, M. Vandermerwe, S. (2010) Good Business makes poor customers Good Customers,Business Strategy Review, 21(4), 4651. Anesbury, Z., Nenycz-Thiel, M., Dawes, J., Kennedy, R. (2015). How do shoppers behave online? An observational study of online grocery shopping. Journal of Consumer Behaviour, 3(1), 1618. Belavina, E., Girotra, K., Kabra, A. (2016). Online grocery retail: Revenue models and environmental impact. Management Science, 4(1), 120122. Bressolles, G., Durrieu, F., Giraud, M. (2007). The impact of electronic service qualitys dimensions on customer satisfaction and buying impulse. Journal of Customer Behaviour, 6(1), 3756. Cho, Y. C. (2011). Assessing customers attitudes/expectations toward online grocery businesses. Journal of Business Economics Research (JBER), 7(7), 1214. Christ, P. (2007) Internet technologies and trends transforming public relations,Journal of Website Promotion, 1(4), 314. De Kervenoael, R., Hallsworth, A., Elms, J. (2014). Household pre-purchase practices and online grocery shopping. Journal of Consumer Behaviour, 13(5), 364372. Grefen, P. (2013) Networked business process management,International Journal of IT/Business Alignment and Governance, 4(2), pp. 5482. Hinterhuber, A. Bertini, M. (2011) Profiting when customers choose vakue over price,Business Strategy Review, 22(1), 4649. Hirogaki, M. (2015). Key factors in successful online grocery retailing: Empirical evidence from Tokyo, Japan. International Journal of Entrepreneurship and Small Business, 26(2), 139. Jones, G. (2014). Click.ology: What works in online shopping and how your business can use consumer psychology to succeed. London: Nicholas Brealey Publishing. Markey, R., Ott, J. du Toit, G. (2007) Winning new customers using loyalty?based segmentation,Strategy Leadership, 35(3), 3237. Mehdi, M. M. (2015). Buying Behavioural pattern regarding Smartphone users. International Journal on Customer Relations, 3(2), 2226. OCass, A. Carlson, J. (2012) An e-retailing assessment of perceived website-service innovativeness: Implications for website quality evaluations, trust, loyalty and word of mouth,Australasian Marketing Journal (AMJ), 20(1), 2836. Smithers, R. (2014)Half of online customers experience problems which?Available at: https://www.theguardian.com/money/2014/mar/07/half-online-shoppers-problems (Accessed: 14 October 2016). Solomon, M. R. (2009). The truth about what customers really want: Move them to buy...Buy more...and keep on buying. Harlow, England: Pearson Prentice Hall. Thackeray, R., Neiger, B.L. Hanson, C.L. (2007) Developing a promotional strategy: Important questions for social marketing,Health Promotion Practice, 8(4), 332336. Ying Zhang, k (2012) A new automatic image segmentation method based on combined strategy,International Journal of Advancements in Computing Technology, 4(21), 445451. Zivic, L. J., Shea, T. P. (2011). Impact of the international grocery chain on the US online grocery business. International Business Economics Research Journal (IBER), 1(1), 128132.

The Horse Whisperer by Nicolas Evans Essay Example For Students

The Horse Whisperer by Nicolas Evans Essay The Horse Whisperer by Nicolas Evans comments on many cultural issues. He analyzes life and presents characters with depth and emotion. Protagonist Grace Maclean experiences every emotion imaginable throughout the course of the novel. Grace deals with emotions of confusion, depression, and happiness in a very short period of time. More importantly Evans shows the transition of Grace from a child to an adult. And carefully details the evolving relationship with her mother. In the beginning Grace expresses little and/or no emotion towards her mother Annie Maclean. The novel does not provide details related to there relationship, yet it conveys emptiness. Annie provides insight into the relationship when she recalls a conversation between her and her daughter: Why dont we ever do this? Grace said, not looking up. Annie answered, rather too tartly, that she thought it was immoral, like product placement. And Grace had nodded thoughtfully, still not looking at her, Uh-huh, she said, matter-of-fact, flipping on to something else. I guess people think youre younger if you make out you havent got kids. We will write a custom essay on The Horse Whisperer by Nicolas Evans specifically for you for only $16.38 $13.9/page Order now This comment gives serious insight into Graces non-caring attitude towards her mother. Grace also does not look her mother in the face when speaking to her. This behavior whether intentional or not presents the lack of communication between daughter and mother. On one hand Grace is disrespecting the mother by not giving her mother the attention she deserves. And on the other hand Annie does not go out of her way to confront the problem. So in the area of communication, the blame is equally divided between them both. Graces accident on her horse Pilgrim changed her life forever. Following the accident Grace falls into a coma which faces her with a difficult choice. This choice is symbolic of her willingness to continue with life and confront her problems. In the coma she encounters two lights, one that is bright and strong and one that is weak and dim. She chooses to go towards the dim light, which represents her life. It represents her life because even though dim she realizes that she has reason to strive to make it better. This action represents a maturity that was not there before. The time that comes after the accident is challenging for Grace. Her struggles at school leave her feeling inept. Though she wants to continue as though everything is fine she sometimes questions her life. Graces relationship with Annie is at a standstill. Annies concerns about her daughter are reinforced when she says, I saw you when she fell. Youve got to stop feeling pity for her. Pity wont help her at all (88). She directs this comment towards Graces father Robert Maclean who seems to want to help Grace every time shes in distress. Annies comment establishes the fact that Grace has to help herself. And that deep down she wants to pick Grace up with her own hands, but knows that it would be for the worse. At this point Grace is realizing that improvement can only be reached on her own behalf. Everyone has to do things for themselves instead of waiting around for others. Grace matures on the spot when she visits pilgrim. She is in shock when she finds him injured and says, No! Daddy, no! (93). She utters those words to her father when she realizes how hurt her horse is. Its symbolic of the fact that you dont always receive what you expect. Grace expected to see horse well and better, and she was faced with a grotesque situation. Yet this situation really makes her reflect and grow. Shortly after this situation Annie investigates horses and Grace and she drive there way to see the Horse Whisperer. This marks the beginning of a long healing process between mother and daughter. And for Grace this journey will be more than just about her horse, but rather about her soul.

Dieago Rivera essays

Dieago Rivera essays My artist name is Diego Rivera he is a Mexican painter who made murals on social themes and who was one of Mexicos greatest artists. He was born in Guanajuato and went to school at the San Carlos Academy of Fine Arts , in Mexico City. he studied painting in Europe between 1907 and 1921, studying the cubist forms of the French painters Paul Cezanne and Pablo Picasso. In 1921 Riviera went back to to Mexico and took a prominent part in revival of mural painting initiated by artists and sponsored by the government . He thought that art should serve the working people and be available to them to see, he worked on painting big frescoes, dealing with the history and social problems of Mexico, on the walls of public buldings.His works during 1930s included frescoes the Ministry of Educational Mexico City and in the National Agricultural School in Chapingo. Rivera was an active member of the Mexican Communist party , and he painted murals in the National Palace , Mexico City 1929, and the Palace Cortes , Cuernavaca in1930 .In 1929 Riviera married Frida Kahlo who is now considered to have been one of the 20th centurys greatest I think what I like the most the murals that he painted I liked how he drew the Indian people their faces the scenery , the palace and his style. Riviera's murals are full of archeological detail and painted in sharply outlined , linear style. Most of them have clear , three dimensional figures in a small space ,. Rivera also made neat easel paintings and portraits and designed and built his Mexico City house , the Anahuacalli, which is now a museum home to the huge collection of pre-Columbian art that he left for Mexican people to view whenever . I liked the water colors that Riviera used for the murals and the way he painted the pictures . I imagine take him a long time to draw the ...

French Speaking Celebrities

French Speaking Celebrities If your students dont see any point in learning French, maybe J.K. Rowling and Johnny Depp can help. They are among the famous non-native French speakers around the world listed below. If your students know how many cool people speak French, they might realize how great it would be to learn this Romance language- just like some of their favorite movie and television stars, musicians, and novelists. Note that this is a list of people from non-French-speaking countries or regions only. Cà ©line Dion, for example, is not on this list because she is French-Canadian. Directors, Actors, and Television Personalities From the Terminator and a famous television chef to some of the top American acteurs  (actors) and  actrices  (actresses), this group of French-speaking personalities is surprisingly large.   Woody Allen (American director and actor)Cristiane Amanpour (British reporter)Halle Berry (American actress)Orlando Bloom (British actor)Anthony Bourdain (American chef)Lorraine Bracco (American actress)Jennifer Connelly (American actress)Bradley Cooper (American actor)Robert De Niro (American actor)Johnny Depp (American actor)Shannen Doherty (American actress)Jane Fonda (American actress)Jodie Foster (American actress)Morgan Freeman (American actor)Milla Jovovich (Ukrainian-born American model and actress)Hugh Grant (British actor)Maggie Gyllenhaal (American actress)Ethan Hawke (American actor)John Hurt (British actor)William Hurt (American actor)Jeremy Irons (British actor)Angelina Jolie (American actress)Grace Jones (Jamaican-American singer, model, actress)Ashley Judd (American actress)Ted Koppel (English-born American broadcast journalistLisa Kudrow (American actress)Matt Leblanc (American actor)Tommy Lee Jones (American actor)Andie MacDowell (American actress)John Malkovich (Am erican actor) Ewan McGregor (Scottish actor)Danica McKellar (American actress)Helen Mirren (British actress)Gwyneth Paltrow (American actress)Matthew Perry (American actor)Christopher Plummer (Canadian actor)Natalie Portman (Israeli actress)Molly Ringwald (American actress)Arnold Schwarzenegger (Austrian actor, former governor of California)William Shatner (Canadian actor)Ally Sheedy (American actress)Mira Sorvino (American actress)Oliver Stone (American filmmaker)Sharon Stone (American actress)Meryl Streep (American actress)Emma Thompson (British actress)John Travolta (American actor)Alex Trebek (Canadian, game show host)Uma Thurman (American actress)Emma Watson (British actress)Sigourney Weaver (American actress) Musicians A number of the worlds top pop and country singers speak French, even the singer who made Rocket Man famous. Justin Bieber (Canadian singer-songwriter)Phil Collins (British singer)Julio Iglesias (Spanish singer)Mick Jagger (British musician)Elton John  (British musician)Madonna (American singer, actress)Alanis Morisette (Canadian and American singer-songwriter)Sting (British musician)Shania Twain (Canadian singer)Tina Turner (American singer) Authors and Poets A few non-native scribes, including the creator of the Harry Potter series and a Nobel Prize-winning poet, speak the language. Maya Angelou (American author and poet)Angela Davis (American activist and author)John Hume (Irish Nobel Prize winner)J.K. Rowling (British novelist) Models Clearly, a few models have found it advantageous to learn French. Linda Evangelista (Canadian model)Elle MacPherson (Australian model)Claudia Schiffer (German model) Other Notables From two former first ladies, two queens and two popes to a top tennis pro, the French language clearly has its draws. Madeleine Albright (Czech, former U.S. secretary of state)Tony Blair (former British prime minister)Pope Benedict XVIStephen Breyer (American Supreme Court justice)Queen Elizabeth II (of England)Pope John-Paul IIJackie Kennedy Onassis (former American first lady)Michelle Obama (former American first lady)Mitt Romney (American politician)Queen Silvia (of Sweden)Serena Williams (American tennis player)

Summary and response Essay Example | Topics and Well Written Essays - 250 words

Summary and response - Essay Example le media such as tv, books, computers, mp3 players and video games by children in the United States are cited, and questions are raised regarding the proper response to such emerging issues. A short questionnaire is supplied, and readers are invited to test themselves against these questions to see whether or not they suffer from internet addiction. The authors conclude with some advice regarding early interventions and treatment and there is a reference list with useful sources for further reading. This is an informative article which explains the relation between internet usage and other types of behavior which can be quite normal when carried out in moderation, but become pathological when taken to an extreme. It gives good advice on a rather simplistic level and this makes it suitable general public readership. The article describes what internet addiction is, how it can affect people, and what to do about it, but there is no consideration of the causes of this problem or any statistic on trends across countries and through time. The authors asked the question whether internet addiction is an epidemic or a fad, but they did not fully answer this question. They admit that it is a problem â€Å"for at least as subset of internet users† (Jaffe and Uhls, 2011, p.1) but it is hard to tell how serious or widespread this problem is. I would like to have seen a deeper analysis of the reasons why people are so drawn to the internet and what the bigger implications are for Ame rican lifestyle and culture now and in the future. Jaffe, Adi and Uhls, Yalda T. â€Å"Internet Addiction – Epidemic or Fad?: Can people really get addicted to the holy internet?† Psychology Today. November 17, 2011. Available at:

Swin flow Research Paper Example | Topics and Well Written Essays - 1750 words

Swin flow - Research Paper Example A person acquires flu when the droplets land into their mouths or noses (Center for Disease Control and Prevention [CDC]). The flu can be passed on before a person knows he or she is sick or when the person is sick. Majority of the healthy adults can infect others on day 1 before the symptoms can develop and up to five to seven days after the adult becomes sick. Children and people with a weak immune system can infect others for a long time. The disease is unpredictable and how severe it can be varies from one season to the other and it is dependent on the following things; (a) the type of the flu viruses spreading, (b) the amount of flu vaccine available, (c) the time the vaccine is available, (d) the number of people who get vaccinated, and (e) the conformity and compatibility of the vaccine to the flu viruses causing the illness. People at high risk of developing serious complications when they get the flu include the older people, pregnant women, young children and people with particular health conditions such as diabetes, heart disease or asthma. Between 1976 and 2006, flu-associated deaths are estimated to be in the range of 3, 000 to 49, 000 people. 2009/2010 period witnessed the first flu pandemic in over 40 years. 2009 H1N1 pandemic caused 12, 000 flu-associated deaths in the United States (CDC). More than 90 percent of the H1N1 death occurrences were among people who were younger than 65 years of age. Seasonal influenza is estimated to kill more than 36, 000 people and hospitalizing more than 200, 000 per year in the United States (National Institute of Allergy and Infectious Diseases [NIAID]) The following are some of the complications that are associated with flu; ear infections, bacterial pneumonia, dehydration, sinus infections, and deterioration of chronic medical conditions such as asthma, congestive heart failure and diabetes. Research institutes such as

Cooking Green Beans with Salt Essay Example for Free

Cooking Green Beans with Salt Essay Introduction An experiment was conducted where two sets of green beans where cooked. One set had salt and the other one didn’t. One person who did not know which set of green beans had salt and which one didn’t got to taste and judge both of the sets on taste, texture and color. Chef Heston Blumenthal once asked ‘Why do cooks add salt (sodium chloride) when cooking vegetables, for example green beans? ’ Other chefs answered with these possible answers: * | * It keeps the beans green| * | * It raises the boiling point of water so the beans cook faster| * | * It prevents the beans going soggy|. * | * It improves the flavor. However, a scientist also replied saying these statements were untrue because: * | * Only the acidity and calcium content of the water affect the color of the beans| * | * Adding salt increases the boiling point of water but by such a small amount that it will make no difference to cooking times| * | * Vegetables will go soggy if cooked for too long whether salt is added or not| * | * Little salt is actually absorbed onto the surface of a bean during cooking – typically 1/10 000 g of salt per bean which is too little to be tasted by most people. The aim to this experiment was to prove or disprove these points. Materials:Listed below are the materials used for this experiment: * One bag of green beans containing about 250g * Two pans * Two bowls * One stopwatch * One strainer * A cutting board * A knife * A thermometer * SaltProcedure:First, the bag of green beans were washed and cut up. Then, they were evenly divided into two bowls; bowl A and bowl B. Bowl A had no salt in it and was then put into a pan and observed. The time it took to reach its boiling point and the temperature at boiling point were then noted. After that, the beans were places into a strainer and dried. This was also done with bowl B, except salt was added. DataAfter conducting the experiment, this is the data that was obtained:| | | | | With salt| Without salt| Taste| Tasteful| Dull, boring| Texture| Soft| Crunchy| Flavor| -| -|. As you can see, the only thing that didn’t change about the beans with salt was the flavor, which stayed the same for both experiments. Conclusion: Clearly, after this experiment, we proved the chefs right. Both the texture and taste where better with the salty beans. Some of the limitations where that we only tried this experiment once, therefore it is not 100% correct. We could have also had more people testing it, instead of just one person because there are some factors that could influence the opinion.

Claude-Achille Debussy Essay -- Music

The task of giving an overview of the life of Claude-Achille Debussy is not easy. Without hesitation, this dynamic character made courageous strides that pushed the limitations of music to another level. His ultimate goal was not to be glorified through fame but to find his own unique voice, or the ‘musique a moi’. Even though his goal was to create his own unique sound, he had many influences, such as art, literature, and Wagner, that guided him in the creation of his style. Regardless of his teachers protestations and fellow peers’ critiques, he experimented with different sounds in music. When listening to Debussy’s music, one can clearly tell that it belongs to Debussy because of his use of different harmonies, rhythms, the pentatonic and whole tone scale, and his instrumentation. Claude Debussy was born in Saint Germain en Laye, France on August 22nd, 1862 the oldest of five children. His father, Manuel-Achille Debussy, had dreams for his son to be a sailor. Those dreams were dashed aside when Claude-Achille took his first piano lessons. With help from his aunt Clementine, Claude-Achille received piano lessons with an Italian violinist Jean Cerutti. When his father saw that he could play the piano, Manuel’s dreams quickly changed to hopes of Claude becoming a virtuosic pianist. From there he was entrusted to Verlaine’s mother-in-law, who enrolled Claude into the Paris Conservatoire at the young age of ten years old. Claude’s years at the Paris Conservatoire not only taught him the fundamentals of music, but it also provided an environment where Claude could experiment with different dissonant chords and techniques which can be heard in his compositions. â€Å"In Marmontel’s piano class he used to astound us with his bizarre... ..., who would invent characters belonging to no particular time or place; who would not despotically impose on me actions to be depicted and would leave me free, here and there, to surpass him in matters of art and to fill out his work.† Works Cited Berry, Wallace. Musical Structure and Performance. New Haven: Yale UP, 1989. Print. Briscoe, James R. Debussy in Performance. New Haven [Conn.: Yale UP, 1999. Print. "Claude Debussy." Wikipedia. Wikimedia Foundation, 04 July 2012. Web. 08 Apr. 2012. . Lockspeiser, Edward. Debussy: His Life and Mind. Vol. 1. New York: Macmillan, 1962. Print. Lockspeiser, Edward. Debussy: His Life and Mind. Vol. 2. London: Cassell, 1965. Print. Lockspeiser, Edward. Debussy. London: J.M. Dent & Sons, 1966. Print. Nichols, Roger. The Life of Debussy. Cambridge: Cambridge UP, 1998. Print.

Plans After Graduating Essay

My primary purpose of applying for the distance learning program is to further my studies by undertaking a Master’s degree course which is in line with my Bachelor’s degree. As a graduate of sociology I am aware that my expertise is in line with studying society in general and also studying specific aspects of our society. However since this is only a Bachelor’s degree it is imperative for me to pursue further studies and I feel that a more focused degree like MPM can benefit me the more as it has more theories in a specific strata of society. My secondary goal is to assure me of a long-term career in education as I am currently a college instructor in STI College Santa Rosa. It is a prequisite for any budding educator to always pile up on one’s credentials to attain not just the knowledge but also an assurance of better opportunities both in the academic world but also in government agencies as well. Upon completion of said degree I see myself continuing in the academe and also go into research on government policies and possible ways of improving the country’s state in terms of governance. My background in sociological studies is a tool that can help me be effective in research and MPM will enhance my skills and my knowledge in terms of public management. I also plan to take up my PHD inside the next 5 years depending on how long it would take to finish up my master’s degree. I am also looking forward for a possible opportunity to work for my alma mater if not Open University perhaps UPLB either a researcher or a professor. It is also my goal that through the program that I am applying for I could impact the lives of my students by sharing with them what I have learned both from the program and also from whatever research materials are already available. If I would be able to do this, the impact will be tremendous both intellectually and also in the lives of my students. From their ranks are future leaders of this country or perhaps citizens that would help improve the lives of their countrymen their different contributions.

How are evil and the supernatural presented in each of the stories? Essay

‘The Black Cat’ and ‘The Squaw’ are both short stories from the sub-genre of horror fiction. How are evil and the supernatural presented in each of the stories? Compare and contrast the two stories. Horror stories have common ingredients, including, a ruined gothic castle with monsters such as vampires and werewolves. Horror stories generally play on fear of the unknown. They cause the reader to be afraid of what they are going to see that they don’t expect. When horror stories are also short stories, they benefit from this. A larger amount of dramatic events can take place in a short space of time. If the main character of a horror story that wasn’t a short story died very near the end, the whole story would be ruined. This means that readers of short horror stories are shocked much more. In the two stories, evil and the supernatural are not presented in the way that they are normally in short stories. They are presented in a way to make the reader think about them, and how they can arise. This is unlike most horror stories, in which the aim of the story is just to shock and scare the reader. The two stories are entitled ‘The Black Cat’ and ‘The Squaw’. The tiles of stories can tell the reader about them. The Black Cat is a short story about a man who is driven to murder by his cat. The Squaw is also a short story, about a man who kills a kitten, and is then killed by its mother, in an act of revenge. The titles mean that the reader to has impressions of what the stories are about as soon as they start reading them. The title, The Black Cat gives the reader a feeling that the story is going to involve evil or magic, in some way, because black cats are commonly thought of as bad or evil, and as witches in disguise, however, when the reader reads the title, The Squaw, they are given a much less vivid impression. A squaw is an American Indian woman or wife, but most people don’t know this. This means that the reader doesn’t really know what to expect from the story. I believe The Black Cat to be better titled than The Squaw, because it is more deep and meaningful. It is deliberately intended to make the reader think that the black cat is bad, but it is the cat that turns out to be the victim. This illuminates how the reader will always make the assumption that a black cat will be evil. The cat in The Squaw is said to be like a squaw, and I believe that this is the only reason it is titled like this. The beginnings of stories are important for giving the reader an impression of what is to come. The beginnings of the two stories do not give particularly much atmosphere of the supernatural. At the beginning of The Squaw, the narrator just accounts about how he and his wife are on their honeymoon, and how they meet Elias Hutcheson. The reader is given no indication that it is a horror story throughout the beginning of the story. Similarly, at the beginning of The Black Cat, the reader does not receive much of an impression of the supernatural. The character just seems to introduce himself. The only clue the reader receives about the supernatural is the way the cat is introduced into the story. At the beginning of The Black Cat, there are a few clues about what will happen later in the story. The narrator accounts about how the events that happens in the story â€Å"have terrified-have tortured-have destroyed me† He also states that he is going to be hung, whereas the beginning of The Squaw provides the reader with no clues about what happens later. The beginnings of the stories are quite different. The opening of The Squaw is just like a normal non-horror story and the opening of The Black Cat is a character confiding in the reader about what has happened to him and how he has been affected. The atmosphere and setting give the reader a strong background feeling about the story. The typical setting of a horror story is a lonely, dark place, like a ruined gothic castle. The setting of The Black Cat is not much like this. It is mainly set inside the man’s head, and so does not contain many references to what happens outside in the world. The reader is not given much information about where the man lives, and the actual physical setting of the story. This is because the story is intended to primarily portray the emotions of the character over his actions. The setting of The Squaw is very different to this, although it is also unlike that of a conventional horror story. The setting is very normal and pleasant. The narrator and his wife are on their honeymoon, and the reader is told how the town is very pleasant, because the sun is shining, and the couple are just lazing about enjoying themselves. It comes as a complete shock when the kitten is killed. After this happens, it is still unlike a normal horror story setting, until right at the end, when the cat appears and kills the man. The setting of The Black Cat adds to its overall effect very well, because the story is supposed to show his emotions, and it is a story about a man telling the reader how he became evil and mad, as does the setting of The Squaw, which shows that evil can occur in any place, not just in a typical gothic horror story setting. Tension is usually viewed as the most important element of the traditional horror story. It keeps the reader interested in the story, and causes them to be scared of what may happen next. Tension is not used to full effect in the two stories. The reader is not given much information in either of them to trigger their imagination and get them thinking about what will happen next. For example, in The Black Cat, the main events happen totally unexpectedly, without any tense build up. In The Squaw, there is a bit of tension, that concerns the reader wondering what the cat is going to do to the man, but there is only one very big event at the end of the story, also without much built up tension. Poe definitely aims to shock the reader in The Black Cat, rather than surprise them. A surprise is when something unexpected happens, but it is usually a good event, and the person it happens to often has some kind of a clue that it will happen. A shock is when something very unexpected happens. It is almost always a bad event, and the person always has no clue whatsoever that it will happen. The reader is shocked on multiple occasions, such as when the narrator cuts his cat’s eye out, when he hangs the cat, and when he murders his wife. I believe that Poe never surprises the reader, and that he has no intention of doing so. In The Black Cat, because the reader anticipates the man to do something evil at different points, this affects their feeling on the evil inside the man. They expect the man to commit more acts of evil, but at the same time, they are not sure whether the source of evil may change to become the cat. On the contrary, Stoker aims to surprise the reader. The reader knows throughout the story that the cat is going to get its revenge some way. When it kills Hutcheson, this is a surprise, because the reader expects it to happen. It may be considered as a bad event, thus being a shock, but it may also be considered a bit like a good thing in a way, because he deserved to die. This feeling of someone deserving an act of revenge adds to the horror theme of the story. The only shock in the story is when the kitten is killed. For these reasons, the usage of shock and surprise in the two stories is very different. The two men who kill the cats in the two stories have very important roles in the plot, as do their characters. The narrator in The Black Cat seems very emotional. He often confides in the reader about how The Black Cat drives him to insanity, whereas Elias P. Hutcheson is not given a particularly prominent character, and the reader does not learn much about his emotions. In The Black Cat, the narrator is used as the main character, to confide in the reader, about his experiences. In this way, the author brings about the questions about evil and the supernatural. In The Squaw, Hutcheson is instead used as a tool for the plot to be developed. He doesn’t have any visible emotions shown. He seems only to be in the story to kill the kitten, and then to be killed at the end. The reader feels sorry for the narrator in The Black Cat, because he is driven to madness and he is very hopeless, but they also feel hatred for him because of all of the cruel things he does. The cats are probably the most important elements in both of the stories. In The Black Cat, the cat is initially introduced amongst the narrator’s other pets, and in The Squaw, the cat is introduced when the characters see it with its kitten. Unlike at the beginning of The Squaw, at the beginning of The Black Cat, the reader is given a small hint of the supernatural powers of the cat, in the title, because black cats are said to be bad luck, and witches in disguise. When the cat is introduced, it is written in italics. This gives the reader an obvious clue that it plays a big part in the story. In The Squaw, the reader is given no hint whatsoever that the cat has any supernatural powers. It is only at the very end, when the cat kills the man that the reader believes that it may have something out of the ordinary about it, although it never truly seems to have any actual supernatural powers, other than the way it strangely strives to get its revenge, and the way it has the intelligence to kill the man in the way it does. Later on in The Black Cat, the reader is given a larger impression that the cat is supernatural; by the narrator acting like it is driving him to madness. The image of the cat ends up on the wall of the burned down house, and another cat comes into the story, that seems to really be the same cat, and it also has a mark that turns into the shape of the gallows. These things would not happen if there was not an intention of the writer for the cat to be somehow supernatural. On the other hand, in The Squaw, the reader is not given very much of an impression that the cat has any supernatural powers until at the very end. When the cat tries to follow the man, the reader just believes it to just be a normal cat, because it does not succeed. The only hint the reader gets at this point is the amount of hatred the cat seems to show. The author comments on how Hutcheson and the narrator’s wife notice this. This is also seen in how the cat tries so hard to reach Hutcheson, to take its revenge, by desperately trying to jump up a huge wall that is seen as totally impossible by the other characters, which are not maddened by anger. As the story of The Black Cat progresses, the reader thinks of the cat as both a victim of evil, and a source of evil. At the very beginning, the reader believes that the cat will be the source of evil, because black cats are generally thought of as such. When it’s eye is cut out, this is when the reader begins to think of it as a complete victim, but as the narrator becomes more demented, they begin to think of it as somehow causing him to do this, and as having some sort of special power. In The Black Cat, the cat is used as a tool to bring out the narrator’s character, whereas in The Squaw, the cat is used to provide a victim and a source of evil, to make the reader think about the true meaning of evil. The way the reader recognizes the two stories can vary a lot. They are primarily about the two cats, and whether or not they are the sources of evil in the stories. This means that the reader’s understanding of the stories entirely depends on what they think of the cat. Both of the stories explore the meaning of the nature of evil. The nature of evil is very disputable in both of the stories. They are primarily about the question of whether it is the men or the cats that are the sources of evil. They show that it is really the men who are actually the sources of evil. The stories both have this theme, and both illustrate the men to be the sources of evil, making them similar. In The Black Cat, the man is somehow provoked by the cat to become evil, but in The Squaw, the man is the one to initiate the trouble between himself and the cat, by killing the kitten, meaning that the ways the two men come to be the sources of evil are different. Usually in horror fiction, it is the stereotypical character, like the cat that is the source of evil, and the people are usually victims. The two stories show that these are misconceptions. They are deliberately controversial. The narrative structures of the stories greatly affect the way in which the reader understands them. As does The Squaw, The Black Cat has a first person narrative. Because of this, the reader can realise the character’s feelings and emotions to a much greater extent than if it had a third person narrative. This affects the reader’s thoughts about the evil of this character. Because they can realise his feelings, he can tell them why he did things, and his justifications for them. They can then judge for themselves whether he has good reason to do things, and whether or not he is evil. The first person narrative gives the reader an insight into the mind of the evil man. This helps to show them that evil occurs for a reason, and that people are evil because of something that has happened, or a motive that they have. It also implies that evil people are not just the bad things in stories for people hate without thinking about why they evil. Poe tries hard to show this in his story. The first person perspective of The Squaw also contributes to the evil in the story, but in a very different way. The narrator seems quite neutral and unfazed throughout the story. He is nothing like a typical horror story character, and he makes it seem very unconventional. He helps to make the source of evil disputable. His character makes the reader think about what the real evil in the story is. The narrator’s character helps the implication that a source of evil is not always where it first seems to be. The evil may be in something or someone that is never expected at first, and that it is not always in the clichà ¯Ã‚ ¿Ã‚ ½d, expected place. The viewpoints of the authors are important in understanding the stories, because they tell us the reasons for the stories being written, and how the authors understand the natures of evil and the supernatural. I believe that Poe understands that evil and the supernatural can affect anyone, and that no one is born evil and I believe that his purpose in writing The Black Cat was to give an insight into the mind of someone who goes mad. I believe he wanted to show that people are driven to do evil things, and they do not just suddenly turn evil and crazy. He wanted to show that evil people are people too, like everyone else. This does not fit the general trend in horror stories very well. Usually, the evil character is just there to be someone for the reader to dislike and fear. The reader is never usually shown any reason for the person to have become evil. Stoker believes that evil is not always how and where it seems, as Poe also does, and I believe that he wrote The Squaw to show this. This fits the horror story genre in the same way as The Black Cat does because it is not like most horror stories. Like The Black Cat, it depicts a different meaning to evil and the supernatural, and it doesn’t rely on clichà ¯Ã‚ ¿Ã‚ ½s. I believe that evil and the supernatural are well presented in the both of the stories. Both of the authors wrote the stories to give a deeper meaning to the way they are depicted in horror stories. Neither of the two stories is typical of the horror story genre. They are both deliberately meant to show the different ways that evil and the supernatural can exist, that are not usually depicted in horror short stories. I believe The Black Cat to be the more effective as a horror story. The way it depicts the mind of a madman is more effective in horrifying the reader. His feelings and reactions give the reader a chilling and disturbing insight into the mind of an evil, twisted murderer.