Saturday, March 14, 2020
Idioms and Expressions With Money The following idioms and expressions with the noun money are less formal than collocations used with money. However, they are common in everyday conversation. Each idiom or expression has a definition and two example sentences to help understanding of these common idiomatic expressions with money. Color of Someone's Money Definition: the amount of money someone has available Show me the color of your money and then we can talk.If we knew the color of the companys money we could make a better bid on the deal. Easy Money Definition: money that can be earned with little effort Some people think that playing stocks is easy money.Unfortunately, there are few jobs are truly easy money. Front Money Definition: money paid in advance of receiving something Ill need to put up $100,000 front money to get in on the deal.Always be suspicious of companies that ask for front money. Heavy Money Definition: a lot of money Tom will bring heavy money into the company if he agrees to invest.They have heavy money. Im sure theyll buy the house. Hush Money Definition: money paid to someone so that they dont provide information Many people are paid hush money to not testify in court. Its illegal, but it happens.The gang tried to pay the man off with hush money, but he was having none of it. Mad Money Definition: money used to have fun, money to waste Weve put away a few thousand dollars in mad money for our next vacation.Dont go to Las Vegas without some mad money. Money From Home Definition: easily gained money Peter thinks investing in stocks is money from home.Shes looking for a job thats money from home. Good luck! Money Grubber Definition: someone who does not like to spend money, a stingy person Shell never give you money for your idea. Shes a money grubber.Money grubbers cant take it with them. I have no idea why they take it so seriously. I say easy come, easy go. Money Talks Definition: money has influence in a situation Of course, they let the big box store build in town. Never forget: Money talks.Just remember money talks. If they really want you for the position, theyll meet your salary demands. On the Money Definition: correct, exact Id say you are on the money about that situation.His guess that the company would succeed was on the money. Put Your Money Where Your Mouth Is! Definition: lets have a bet about something Come on, if you think that is true, put your money where your mouth is! Ill bet you 100 to 1 that it isnt true.She put her money where her mouth was and made a fortune. Smart Money Definition: the best option, money of smart people investing in something The smart money is on Congress changing the law.He thinks the smart money is going to invest in renewable energy. Soft Money Definition: money which can be earned without much effort Take the job for a few months. Its soft money.Jane thinks the position is soft money. Spending Money Definition: money to spend to have fun, purchases unnecessary items Its important to have at least a little spending money each month.They dont have much spending money, so they like to stay home rather than go on vacation. Throw Money at Something Definition: waste money on a situation Throwing money at the situation isnt going to make it better.Some governments feel that throwing money at a program always helps. Once youve learned these expressions, its a good idea to also learn important phrasal verbs about money. Finally, use the business English resources on the site to continue improving your English as it relates to the business world.
Wednesday, February 26, 2020
A Journal opinion article - Essay Example Levin acknowledged in the article that the practice of buybacks or companies buying its own stocks is unhealthy and proposed that the general public should be notified beforehand for greater transparency. But as it is, buybacks are still practiced and if one thinks that this helps AmericaÃ¢â¬â¢s economic recovery, it does not. The pracitce of corporate America of buying back its stocks will not help to recover but in fact will threaten its economy. It seems that we have not learned our lesson after all as we are again back at manipulating balance sheets to have a perception of value. Corporate America is again practicing the same principle of financial manipulation that precipitated the mortgage criss that brought us the Ã¢â¬Å"Financial CrisisÃ¢â¬ that took America to recover and this recovery is even questionable today. Buying stocks back is just a convenient way of unloading those excessive cash in the guise of avoiding dilution and increasing stock value. To finally recover from the crisis that we are in, values in terms of productivity has to be created. Coupled with healthy spending that will translate to a robust domestic consumption which will have a ripple effect of encouraging more production. In other words, for us to recover, plants has to be erected, new technology has to be developed, companies has to hire employees or engage in any economic activity that will create Ã¢â¬Å"real valueÃ¢â¬ and not just buyback stocks to increase it value. Buying back stocks does not do this although it will convey the perception that a company is performing well. To explain this further, it will serve us well to cite an example to better understand how stock buybacks create a perceive performance without creating any real value. Let us assume a company buys back a million shares at $ 5 per share with a $10,000,000 cash. Profit is at $1,000,000. Observe how return on assets, return on shares and price earning ratio improve without any increase in profit. Bef ore Buyback After Buying Back Cash $ 10,000,000 $ 5,000,000 Assets 30,000,000 20,000,000 Profit 1,000,000 1,000,000 Outstanding shares 10,000,000 9,000,000 Return on Assets 3.33 % 5.00 % Return per share $ 10 $ 11.11 The above illustrates how a company increases its perceived value without an increased productivity. It just unload the cash of $10,000,000 by buying back a million shares at $10 per share. The cash diminished to $20,000,000 ($30,000,000 cash minus $10,000,000 buyback) increasing the return on assets to 5 % (1,000,000/20,000,000). Above all, the price-earnings ratio (P/E), the ratio which is often used as a measure of value of the company also increased without creating any Ã¢â¬Å"real valueÃ¢â¬ (lower ratio is better). Where before the P/E ratio is 50 ($5/$10), it decreases to 45 ($5/$11.11) by simply unloading its cash by buying back its stocks. This is what Levin is discussing in the article Ã¢â¬Å"Secret Buybacks Are Unfair to ShareholdersÃ¢â¬Å". Companies are c reating perceived value with the increase in return on assets, improved price earning ratio and higher return on share without creating anything. Companies only intend to give higher dividends to its stockholders which
Monday, February 10, 2020
Is there evidence that genetic variation in wild populations is caused by natural selection - Essay Example This adjustment may be structural, behavioral or functional which increases the individualÃ¢â¬â¢s ability to survive in the ecological niche. The process of natural selection happens through random genetic variations. The beneficial variations are carried to the progeny. Under the similar environment the process is extended to the entire population of the species in the ecological niche. The new alleles and genes are responsible for genetic variations. Mutations can create new genes and alleles. In the process of gene duplication morphology of chromosomes may undergo changes which would alter the genetic structure in the evolutionary process. Barett R.D.H. and Schluter state Ã¢â¬Å"Compared with new mutations, adaptation from standing genetic variation is likely to lead to faster evolution, the fixation of more alleles of small effect and the spread of more recessive alleles. There is potential to distinguish between adaptation from standing variation and that from new mutations by differences in the genomic signature of selection.Ã¢â¬ When we consider sudden alterations by way of mutation as against existing genes, where the changes were induced on account of adaptability to environment filtered for benefits with regard to survival, we can understand the concept of adaptation and natural selection in evolution in the latter case. However, it is also established that beneficial mutations create new alleles to aid an organism in its struggle for existence. Natural selection has been rather well established and reveals increase in the frequency of these alleles. An example is given with reference to Adaptation to High and Low Temperatures by E. coli.Ã Ã¢â¬ËA single clone of E. coli was cultured at 37 CÃ (that is 37 degrees Celsius) for 2000 generations. A single clone was then extracted from this population and divided into replicates that were then cultured at either 32 C , 37
Thursday, January 30, 2020
Principles of accounts Essay I would like to express my sincere gratitude to all the persons who have been helpful towards the successful completion of this assignment. First and foremost I would like to thank Shadae Russell, Shakeyra Millington, Jonathon Butler and Ovasha Bartley for their support and assistance towards carrying out the research to complete this assignment. Secondly I want to thank my guardians for providing me with the suitable materials to finalize this assignment. I would also like to thank Mrs. K. Elliot for her assistance and guidance in completing this project. Last but certainly not least I would like to thank God for his extended mercies unto me. Introduction This assignment is about a business that started approximately three (3) years ago which is situated in a busy area that allows it to generate large amounts of money each day to carry out its operations. This assignment contains all the information about this BlannaÃ¢â¬â¢s Fashion Boutique business. The information which this assignment contains includes the financial records for the period ending September 30 2011. This assignment serves to keep track of all the money that goes inside the business bank account, all the cash which the business uses within visiting the business bank account, all the money that goes outside of the business bank account, all the money that came into the business by cash and not with the use of cheques and the purposes for each transaction. Therefore this assignment provides a clear understand of all the operations the business under goes on a day to day basis. Table of Contents Headings Page # Cover Page I Title PageII AcknowledgementIII Introduction IV Aim of the Project1 Description of Business Entity 2 Mission Statement 3 Logo and Slogan 4 Accounting Cycle 5 Accounting Information Journals 6-7 Cash Book 8 Ledgers 9-13 Trial Balance 14 Stock Valuation 15-19 Trading, Profit and Loss and Appropriation A/c 20-21 Balance Sheet 22 Bank Reconciliation Statement 23 Accounting Ratios 24-25 Performance of the Business 26 Comparisons 27 Recommendations and Suggestions 28 Conclusion 29 Appendix Price list (showing mark up %) 30 Diagrams Charts and Graphs Pictures Invoices, Cheques, Receipts etc References Aim of the Project The aim of this project is: To arrive at a comprehensive understanding of the financial sector of businesses. To highlight the strength and the weaknesses of the BlannaÃ¢â¬â¢s Fashion Boutique business. To present the financial records for the year ended September 30, 2011 for BlannaÃ¢â¬â¢s Fashion Boutique business. Description of Business Entity BlannaÃ¢â¬â¢s Fashion Boutique is a partnership. This business is owned and operated by Anna Kay Blake, Shadae Russell and Ovasha Bartley a Group of ambitious young ladies. Our main aim is to make a profit while catering for the needs of the community which it is situated in. BlannaÃ¢â¬â¢s Fashion Boutique is situated in Montego Bay at the Blue diamond plaza 10 Pearl Street. This business has been in existence since June 20, 2008. We employ approximately fifteen (15) workers. We cater for the petite to the full figured women. We produce a wide variety of slippers, pants, skirts, handbags and accessories. Prices are always lower than that of our competitors. In cases of fashion emergencies you can call us at (1876) 3553980/4275646 or email us at BlannaÃ¢â¬â¢[emailprotected] com. The mission of BlannaÃ¢â¬â¢s Fashion Boutique is to: Provide the latest fashion for all females Provide goods and services at a reasonable cost Ensure that the quality of our goods meets the standards of our business. Ensure that whatever the business do doesnÃ¢â¬â¢t affect the environment negatively. Provide employment for members of the community Provide sponsors to underprivileged children Logo and Slogan Logo Slogan With passion we send out the latest fashion Accounting Cycle General Journal Date Details Folio Debit Credit September 1 Bank CB01 364000 Cash CB01 27160 Debtor (J. Simpson) SL01 31600 Motor Van GL02 62840 Building GL03 100000 Stock 24960 Creditor (Super Supreme) PL01 10560 Capital GL01 600000 Opening entries 610560 610560 Purchase journalPage 01 Date Details Folio Amount 1-Sep Super Supreme International PL01 237,040 27-Sep Super Supreme International PL01 57,960 Sep 30 Total credit purchases to be transferred to the purchases account in the general ledger GL02 295,000 SALES JOURNAL Date Details Folio Amount 5-Sep J. Simpson SL01 57000 13-Sep B. Banton SL03 78,550 20-Sep N. Kidman SL02 104,400 Sep 30 Total credit sales to be transferred to the sales account in the general ledger GL13 239,950 RETURN OUTWARDS JOURNAL Date Details Folio Amount 9-Sep Super Supreme International PL01 13,600 Sep 30 Total return outwards to be transferred to the return outwards account in the general ledger GL16 13,600 Return Inwards Day Book Date Details Folio Amount 24-Sep B. Banton SL03 16,800 30-Sep N. Kidman SL02 9,600 Sep 30 Total goods returned to us to be transferred to the return inwards account in the general ledger GL15 26,400 Cash Book Date Details Folio Discount Allowed Cash Bank Date Details Folio Discount Received Cash Bank September 1 Balance b/d GJ01 27,160 364,000 September 1 Machinery GL3 48,000 September 2 Bank C 50,000 2 Cash C 50,000 3 Sales GL13 59,350 3 Rent GL4 30,000 7 Sales GL13 37,750 6 Fixtures GL5 65,000 18 J. Simpson SJ01 12,000 45,000 8 Wages GL12 10,000 29 B. Banton SJ03 6,175 55,575 11 Insurance GL6 6,100 30 Sales GL13 120,540 11 Electricity GL7 3,300 11 Rates GL8 2,600 15 Super Supreme International PL01 7,500 142,500 15 Wages GL12 10,000 16 Drawings GL10 6,200 19 Furniture GL11 3,600 22 Wages GL12 10,000 29 Wages GL12 10,000 30 Balance c/d 123,075 239,000 18,175 350,375 409,000 7,500 350,375 409,000 General Ledger Date Details Folio Amount Date Details Folio Amount Capital A/C Page 01 September 31 Balance c/d 600,000 September 1 Balance b/d GJ01 600,000 October 1 Balance b/d 600,000 Motor Van A/C Page 02 September 1 Balance b/d GJ12 62,840 September 30 Balance c/d 62,840 October 1 Balance b/d 62,840 Buildings A/C Page 03 September 1 Balance b/d GJ01 100,000 September 30 Balance c/d 100,000 October 1 Balance b/d 100,000 Machinery A/C September 1 Bank CB01 48,000 September 31 Balance c/d 48,000 October 1 Balance b/d 48,000 Rent A/C September 3 Bank CB01 30,000 September 30 Profit Loss 30,000 Fixtures A/C September 6 Cash CB01 65,000 September 31 Balance c/d 65,000 October 1 Bal b/d 65,000 Insurance A/C September 11 Bank CB01 6,100 September 30 Profit Loss 6,100 Electricity A/C September 11 Bank CB01 3,300 September 30 Profit Loss 5,500 30 Accruals c/d 1,200 5,500 5,500 October 1 Accruals b/d 1200 Rates September 11 Bank CB01 2,600 September 30 Profit Loss 2,600 Drawings September 16 Cash CB01 6,200 September 30 Balance c/d 6,200 September 30 Balance b/d 6,200 Furniture September 19 Cash CB01 3,600 September 30 Balance c/d 3,600 October 1 Balance b/d 3,600 Wages September 8 Bank C01 10,000 September 31 Profit Loss 40,000 15 Cash C01 10,000 22 Bank C01 10,000 29 Bank C01 10,000 40,000 40,000 Sales September 30 Trading Account 457,590 September 3 Cash CB01 59,350 September 7 Cash CB01 37,750 September 30 Cash CB01 120,540 September 30 Total Credit Sales SJ01 239,950 457,590 457,590 Purchases September 31 Total Credit Purchases PJ01 295,000 September 31 Trading Account 295,000 Return Inwards September 31 Total for month RI01 26,400 September 31 Trading Account 26,400 Return Outwards September 31 Trading Account RO01 13,600 September 31 Total for month 13,600 Discount Allowed September 30 Total Discount Given to customers 18,175 September 30 P L 18,175 Discount Received September 30 P L 7,500 September 11 Super Supreme International 7,500 Purchases Ledger Super Supreme International September 9 Return Outwards RO01 13,600 September 1 Balance b/d GJ01 10,560 15 Bank CB01 142,500 1 Purchases PJ01 237,040 15 Discount Received CB01 7,500 27 Purchases PJ01 57,960 30 Balance c/d 141,960 305,560 305,560 October 1 Balance b/d 141,960 Sales Ledger J. Simpson September 1 Balance b/d 31,600 September 18 Discount Allowed CB01 12,000 September 5 Sales SJ01 57,000 September 18 Bank CB01 45000 September 30 Balance c/d 31,600 88,600 88,600 October 1 Balance b/d 31,600 N. Kidman September 20 Sales SJ01 104,400 September 30 Return Inwards RI01 9,600 September 30 Balance c/d 94,800 104,400 104,400 October 1 Balance b/d 94,800 B. Banton September 13 Sales SJ01 78,550 September 24 Return Inwards RI01 16,800 September 29 Discount Allowed CB01 6,175 29 Cash CB01 55,575 78,550 78,550 Trial Balance BlannaÃ¢â¬â¢s Fashion Boutique Trial Balance as at September 30, 2011 Details Debit $ Credit $ Capital 600,000 Motor Van Buildings 100,000 Machinery 48,000 Stock 24,960 Rent 30,000 Fixtures 65,000 Sales 457,590 Purchases 295,000 Cash 123,075 Bank 239,000 Wages 40,000 Return Outwards 13,600 Super Supreme International 141,960 Electricity 3,300 Insurance 6,100 Rates 2,600 Furniture 3,600 Drawings 6,200 Return Inwards 26,400 N. Kidman 94,800 J. Simpson 31,600 Discount Received 7,500 Discount Allowed 18,175 1,220,650 1,220,650 Stock Valuation (A) Pants Date Received Issued Balance Quantity Unit Price Amount Quantity Unit Price Amount Quantity Unit Price Amount 1-Sep 12 900 10,800 1-Sep 96 1,000 96,000 12 96 900 1,000 10,800 96,000 3-Sep 12 12 900 1,000 10,800 12,000 84 1,000 84,000 5-Sep 12 1,000 12,000 72 1,000 72,000 13-Sep 24 1,000 24,000 48 1,000 48,000 20-Sep 24 1,000 24,000 24 1,000 24,000 27-Sep 36 1,100 39,600 24 36 1,000 1,100 24,000 39,600 30-Sep 24 12 1,000 1,100 24,000 13,200 24 1,100 26,400 (B) Blouse Date Received Issued Balance Quantity Unit Price Amount Quantity Unit Price Amount Quantity Unit Price Amount 1-Sep 12 400 4,800 1-Sep 96 440 42,240 12 96 400 440 4,800 42,240 5-Sep 12 12 400 440 4,800 5,280 84 440 36,960 13-Sep 24 440 10,560 60 440 26,400 20-Sep 36 440 15,840 24 440 10,560 30-Sep 12 440 5,280 12 440 5,280 (C ) Handbag Date Received Issued Balance Quantity Unit Price Amount Quantity Unit Price Amount Quantity Unit Price Amount 1-Sep 4 1,600 6400 4 1,600 6,400 3-Sep 1 1,600 1,600 3 1,600 4,800 7-Sep 1 1,600 1,600 2 1,600 3,200 13-Sep 1 1,600 1,600 1 1,600 1,600 27-Sep 4 1,650 6,600 1 4 1,600 1,650 1,600 6,600 30-Sep 1 3 1,600 1,650 1,600 4,950 1 1,650 1,650 (D ) Skirts Date Received Issued Balance Quantity Unit Cost Amount Quantity Unit Cost Amount Quantity Unit Cost Amount 1-Sep 12 780 9,360 1-Sep 60 820 49,200 12 60 780 820 9,360 49,200 3-Sep 12 780 9,360 60 820 49,200 7-Sep 12 820 9,840 48 820 39,360 13-Sep 12 820 9,840 36 820 29,520 30-Sep 24 820 19,680 12 820 9,840 (E) Slipper Date Received Issued Balance Quantity Unit Price Amount Quantity Unit Price Amount Quantity Unit Price Amount 1-Sep 48 900 43,200 48 900 43,200 5-Sep 12 900 10,800 36 900 32,400 7-Sep 12 900 10,800 24 900 21,600 20-Sep 24 900 21,600 27-Sep 12 980 11,760 12 980 11,760 Trading, Profit and Loss and Appropriation Account BlannaÃ¢â¬â¢s Fashion Boutique Trading Profit Loss Account for the year ended September 30, 2011 $ $ $ Sales 457,590 Less Return Inwards (26,400) Net Sales 431,190 Less Cost of Goods Sold: Opening Stock 24,960 Purchases 95,000 Less Return Outwards (13,600) Net Purchases 281,400 Cost of Goods Available 306,360 Less Closing Stock (54,930) 251,430 Gross Profit 179,760 Add Revenues Discount Received 7,500 187,260 Less Expenses Wages 40,000 Rent 30,000 Electricity 4,500 Insurance 5,100 Rates 2,600 Depreciation 400 Discount Allowed 18,175 100,775 86,485 Net Profit Add interest on Drawings: Shadae 620 Less: 85,865 Interest on capital Anna kay 12,500 Shadae 7500 Ovasha 10,000 30,000 Salary: Anna kay 12,000 42,000 43,865 Share of Profit: Anna kay 18,277. 08 Shadae 10966. 25 Ovasha14,621. 67 43,865 Balance Sheet BlannaÃ¢â¬â¢s Fashion Boutique Balance Sheet as at September 30, 2011 Fixed Assets Cost Accumulated Depreciation NBV Buildings 100000 100,000 Fixtures 65000 65,000 Machinery 48000 400 47,600 Furniture 3600 3,600 Motor Car 62840 62,840 400 279,040 Current Assets Stock 54,930 Debtors 126,400 Prepayment 1,000 Bank 239,000 Cash 123,075 544,405 Less Current Liabilities Creditors 141960 Accruals 1,200 143160 Working Capital 401,245 680,285 Financed by: Capital 600,000 Net Profit 86,485 686,485 Less Drawings 6,200 680,285 Bank Reconciliation Statement Updated Cash Book Balance b/d 239,000 Bank Charges 65 Credit Transfer 4200 Standing Order 15000 Balance c/d 228,135 243200 243200 Bank Reconciliation Statement as at September 30, 2011 Balance as per Bank Statement 222,535 Add Late Lodgments 45,000 267,535 Less Unpresented Cheque 39,400 Balance as per Cash Book 228,135 Accounting Ratios Inventory Turnover Ratio- Cost of Goods sold Average Inventory/2 =244,470 24960+61890/2 =5. 62 Current Ratio- Current assets Current Liabilities =551365 143160 =3. 85 Gross profit as a percentage of sales- Gross profit x 100 Sales =179,760 x 100 457590 = 39. 28% For every sale of $100 the business earns $39. 28 as gross profit. Net profit Ratio- Net profit / Net sales x l00 =86,485 / 431,190 x 100 =20. 06% For every sale of $100 the business earns $20. 06 as net profit. Acid Test Ratio- Current Assets- Stock Current liabilities = 544,405 54,930 143160 =3. 42 Performance of the Business In preparing the financial statements of BlannaÃ¢â¬â¢s Fashion Boutique the Trading, profit and loss and appropriation account shows a profit of eighty six thousand four hundred and eighty five thousand dollar (86,485) at the end of the financial period of September 30,2011. The business started out with six hundred thousand dollar. In the closing of the financial period of BlannaÃ¢â¬â¢s Fashion Boutique there was an increase in the amount of capital that the business has. The business made a gross profit of one hundred and seventy nine seven hundred and sixty dollars (179,760) instead of making a gross loss. Comparisons The comparison is being done between the opening capital and the closing capital for BlannaÃ¢â¬â¢s Fashion Boutique, at the end of the financial period. At the beginning of the financial year the opening capital was six hundred thousand dollar (600,000). At the end of the financial period the closing capital is six hundred and eighty thousand two hundred and eighty five dollar (680,285) which means there is an increase of eighty thousand two hundred and eighty five dollar (80,285). Another comparison is being done between the fixed assets of the business and the current assets. The fixed asset of the business is two hundred and seventy nine thousand and forty dollar (279,040) while the current asset is five hundred and forty four thousand four hundred and five dollars (544,405). This means that the amount of money that the business spend of items that stays in the business with no intention of selling it is lesser than the amount of money that the business spend on assets that will allow the business to generate a profit. Recommendations and Suggestions It is recommended that BlannaÃ¢â¬â¢s Fashion Boutique: Ploughed back a portion of the profit that the business makes into it. Introduces new products to the business. Purchase new equipment for the business Uses some of the profit that the business makes to attach another department on to the business. It is suggested that BlannaÃ¢â¬â¢s Fashion Boutique should: Purchase cheaper equipments to use in the business. This will increase the amount of money available in the business. Offer more sale discounts this will force more customers to purchase from BlannaÃ¢â¬â¢s Fashion Boutique. Conclusion It is clear that BlannaÃ¢â¬â¢s Fashion Boutique keeps all the records of the transactions that take place in the business over the financial period of time. BlannaÃ¢â¬â¢s Fashion Boutique could increase the gross profit and net profit of the business by adhering to the suggestions or recommendations outlined. Never the less BlannaÃ¢â¬â¢s Fashion Boutique made a good net profit of eighty six thousand four hundred and eighty five dollars (86,485) during the month of September in 2011. BlannaÃ¢â¬â¢s Fashion Boutique was able to make a profit due to the large amount of sales the business made. Price list Goods Price Pants $ Blouse $ Handbags $ Skirts $ Slippers $ INVOICE Debit note Principles of Accounts School Based Assessment (2012-2013) You are required to name the firm and state the nature of the business. This must be in accordance with the items sold*. After the initial accounting entries (Tasks 1 -3) have been completed you will then record the additional adjusting entries as set out at Tasks 4 and 5. You may choose goods from the following list for the transactions. * Computer Store Clothes and Accessories Store A Keyboard Pants (guess) B Mouse Blouse (guess) C Printer Hand bags (guess) D Surge Protector Skirts (guess) E Speakers Slippers (guess) ABC Enterprise (Remember that you are to rename the firm) The following transactions were taken from the books of ABC Enterprise. You are required to asses them carefully then write up the relevant books as outlined in the requirements below: 2011 Sept 1Opening Balances Capital$600, 000 Bank$364, 000 Cash$ 27, 160 Debtor (J Simpson)$ 31, 600 Creditor (Super Supreme International)$ 10, 560 Motor Van$ 62, 840 Building$100, 000 Stock 1doz A$ 10,800 1doz B $ 4,800 1doz D$ 9,360 Sept 1Bought goods on credit from Super Supreme International. 8 doz A @ $1,000 each 8 doz B @ $440 each 4 boxes C @ $1,600 each 5 doz D @ $820 each 4 doz E @ $900 each Sept 1Bought Machinery by cheque $48, 000. Sept 2Withdrew $50, 000 cash from the bank account to be used in the business. Sept 3Cash Sales 2 doz A @ $1, 650 each 1 box C @ $2, 950 each 1 doz D @ $1, 400 each Sept 3 Paid rent by cheque $30, 000. Sept 5 sold goods on credit to J. Simpson. 1 doz A @ $1, 650 each 2 doz B @ $800 each 1 doz E @ $1, 500 each Sept 6 Bought fixtures with cash $65, 000. Sept 7 Cash Sales 1 box C @ $2, 950 each 1 doz D @ $1, 400 each 1 doz E @ $1, 500 each Sept 8Paid wages $10, 000 by cheque. Sept 9Returned goods to Super Supreme International as items were damaged. 1 doz A 1 box C Sept 11Paid the following expenses by cheque: Insurance $6,100, Electricity $3,300 and Rates $2,600. Sept 13Sold goods on credit to B. Banton: 2 doz A @ $1, 650 each 2 doz B @ $ 800 each 1 box C @ $2, 950 each 1 doz D @ $1, 400 each Sept 15Made payment to Super Supreme International by cash $150, 000, received a 5% cash discount. Sept 15Paid wages with cash $10, 000 Sept 16Owner withdrew $6,200 cash to fix his personal motor car. Sept 18Collected Cheque from J. Simpson for goods sold on Sept 5th 2011, $45, 000. Sept 19Bought furniture $3,600 with cash from Courts Ja. Ltd. Sept 20Sold goods on credit to N. Kidman 2 doz A @ $1, 650 each 3 doz B @ $ 800 each 2 doz E @ $1, 500 each Sept 22Paid wages with cheque $10, 000. Sept 241 doz D returned to us by B. Banton as they were the wrong size. Sept 27Bought goods on credit from Super Supreme International. 3 doz A @ $ 1,100 each 4 boxes C @ $1, 650 each 1 doz E @ $ 980 each Sept 29B. Banton settled his account less 10% cash discount. He paid with cash. Sept 29 Paid wages $10,000 by cheque. Sept 30 Received goods from N. Kidman: 1 doz B Sept 30Cash Sales 3 doz A @ $1, 815 each 1 doz B @ $ 800 each 4 boxes C @ $3, 000 each 2 doz D @ $1, 400 each Task 1 Write up ALL Subsidiary Books and then post the transactions to the ledgers. Please ensure that you distinguish between, General Ledger, Sales Ledger and Purchases Ledger. Show the opening entries in the General Journal at September 1, 2011. Task 2 Prepare ABC Enterprise Trial Balance as at September 30, 2011 Task 3 Using the FIFO method of stock valuation, determine the closing stock. Task 4 Design a logo and slogan for your business and provide the relevant information on the business entity Prepare ABC Enterprise Trading, Profit and Loss Account for the month ending September 30, 2011 and a Balance Sheet as at that date, after taking into account the following: a) Insurance expense was paid in advance, $1000. b) Electricity was outstanding by $1, 200 c) Machinery is to be depreciated at 10 % annually using the straight line method (show the depreciation for the month). Show adjustment to the above information in the ledgers. Task 5 Prepare the Bank Reconciliation Statement using the Bank Statement below Bank Statement DR CR Balance $ $ $ Sept 1 Balance 364 000 Sept 1 BurkeÃ¢â¬â¢s (Machinery) 48 000 316 000 Sept 2 SNPN Ltd (Cash) 50 000 266 000 Sept 8 Wages 10 000 256 000 Sept 11 NWC (Rates) 2 600 253 400 Sept 20 Wages 10 000 243 400 Sept 24 Credit transfer (Q Smith) 4 200 247 600 Sept 29 Wages
Wednesday, January 22, 2020
Teaching Philosophy Statement Every teacher has their own philosophy and their style. They believe their philosophy, themselves, and studentsÃ¢â¬â¢ abilities. They must have been inspired by brilliant teachers, in other words, they had favorite teachers when they were students. My favorite teacher was an English teacher at my junior college in Japan. When I was a high school student, I was looking for a junior college to enter after graduating high school. I took the teacherÃ¢â¬â¢s trial class. When I first took his class, I was moved by him. The class zipped along, and I really enjoyed it. I thought that I wanted to be a teacher like him. He has studied abroad to Radford University in Virginia in the United States, and he told me how study abroad. Then I decided to go to college in the United States, because I would like to tell my students in the future how I felt about the United States and American culture. I do not want to just teach English to students. I want students to be interested in ot her countries and communicate to foreigners with English. Now, I am proceeding toward a Bachelor of Education/ English Language Arts 5-12 at Concord College. While I do not have to have the United StateÃ¢â¬â¢s teaching certificate to teach English in Japan, I wanted to experience a different culture. English is important to me because English is global language. I have been studying English since I was ten years old. If you speak English, you can go to the United States, England, Australia, and so on. English is the most used common language on the earth now. Even though Japanese study English from junior high school, we cannot speak English well. I think there is a problem English curriculum and content of a class. I want to... ...s more flexible than a public or private schoolÃ¢â¬â¢s. I can develop a curriculum based on what students need. After I teach English several years, I am planning to go to graduate school in Japan or Australia. I would like to get a Master of Arts at Teachers English to Speakers of Other Languages (TESOL). Temple University in Japan is one institution that I can study TESOL in Japan. If I go to there, I can study TESOL while I work in Japan. Additionally, Australia is country where there are many immigrants; therefore linguistics is a prosperous field of study in Australia, and a lot of universities offer TESOL. One of my dreams when I entered college in America is coming true, but the way to becoming a teacher is still far away. If this dream comes true one more, I have another dream relate to English. I would like to have passion to teach English as much I can.
Tuesday, January 14, 2020
Gwen HarwoodÃ¢â¬â¢s poetry is steeped in Romantic traditions and is underpinned by humanist concerns. My personal interpretation is that HarwoodÃ¢â¬â¢s poetry engages readers through its poetic treatment of loss and consolation as well as its exploration of universal themes about human existence and the processes of life. HarwoodÃ¢â¬â¢s poetry validates the consoling influence of childhood experiences upon adult development evident in Ã¢â¬ËAt MorningtonÃ¢â¬â¢ which explores one sense of loss and consolidation experienced in the cycle of life from birth to death. Harwood explores one transitory nature of life in her lyrical poem Ã¢â¬ËThe VioletsÃ¢â¬â¢, revealing the way in which memory can illustrate past experiences that will resonate in the present offering consolation. Furthermore HarwoodÃ¢â¬â¢s poetry is characterised by an over-arching existential quest for meaning and consolation as experienced through her exploration of love in Ã¢â¬ËA Valediction.Ã¢â¬â¢ Whilst the notion that HarwoodÃ¢â¬â¢s poetry engages readers through its poetic treatment of loss and consolation resonates with my own interpretation of her poems, readers are also engaged through HarwoodÃ¢â¬â¢s exploration of universal truisms. A contemplation of human existence and one way in which one cycle of life is characterised by loss and consolation as a pervading theme throughout HarwoodÃ¢â¬â¢s poetry. In Ã¢â¬ËAt MorningtonÃ¢â¬â¢ past, present and future experiences are united through the poems fragmented structure and poetic treatment experiences of loss of naivety and consolation in order to encapsulate the cycle of life characteristic of one human experience. Furthermore, Harwood uses biblical allusions Ã¢â¬Å"secure in my fatherÃ¢â¬â¢s armsÃ¢â¬ to convey the universality of human existence, engaging the reader. The poem begins in the personaÃ¢â¬â¢s past with her childhood innocence and naivety, which is conveyed in her belief in her own invincibility. Ã¢â¬Å"I remember believing as a child I could walk on water.Ã¢â¬ HarwoodÃ¢â¬â¢s use of biblical imagery evokes the idea ofÃ Jesus walking on water and the consoling effect this had on the speakerÃ¢â¬â¢s childhood self, to represent her naÃ ¯ve, childish outlook. This water imagery becomes a sustained motif. The speaker draws on the image of the Ã¢â¬Å"floodÃ¢â¬ on which Ã¢â¬Å"memories of early childhood are bornÃ¢â¬ through a contemplative tone of spiritual replenishment as she Ã¢â¬Å"stands among avenues of the dead,Ã¢â¬ engaging the reader through the poetic treatment of both loss and consolation. In accordance with the Romantic tradition, the speaker acknowledges the restorative capabilities of the natural elements conveyed in the image of a Ã¢â¬Å"pitcher of waterÃ¢â¬ which becomes a metaphor for replenishment and revitalisation. As the poem shifts to the present tense, the reader is further engaged as the persona finds herself in a graveyard and coming to terms with the death and loss of a loved one. The persona comes to a peaceful acceptance of lifeÃ¢â¬â¢s transience and her own mortality as she acknowledges the inevitable passage of time Ã¢â¬Å"that brings us to that time of our lives where our bones wear usÃ¢â¬ offering her a sense of consolation. The poem concludes with a projection into the future, with the existential tone Ã¢â¬Å"no hand will save meÃ¢â¬ evoking the realisation that death and loss is one inevitable end of the cycle. HarwoodÃ¢â¬â¢s poem Ã¢â¬ËAt MorningtonÃ¢â¬â¢ engages readers through its poetic treatment of loss and consolation and the way in which these themes recur throughout the cycle of life. HarwoodÃ¢â¬â¢s poems elucidate themes of memory and recollection, highlighting the way these transcend time, death and loss and eventually offer consolation. In one nostalgic poem Ã¢â¬ËThe VioletsÃ¢â¬â¢ the speaker revisits a seminal childhood experience that affirms adult perspectives and engages the reader by identifying the importance of memories of filial love in sustaining the adult self, providing consolation. The childÃ¢â¬â¢s naÃ ¯ve question Ã¢â¬Å"Where has morning gone?Ã¢â¬ emphasises the power of dreams to distort time and evokes the speakerÃ¢â¬â¢s sense of loss. The childÃ¢â¬â¢s loss is countered by the memory of her parentsÃ¢â¬â¢ unconditional love. The use of enjambment creates a sense of continuity as the violets transport the speaker back to a time when she was lovingly comforted, thus continually engaging the reader. The maternal image of the mother who Ã¢â¬Å"dried my tearful faceÃ¢â¬ and the visual image of Ã¢â¬Å"stroking, golden brown hairÃ¢â¬ conveys the tenderness of this memory. Through theÃ recurring motif of the Ã¢â¬Å"violets in our loamy bedÃ¢â¬ Harwood shifts between past and present experiences of loss and consolation. Literary critic Elizabeth Lawson suggests Ã¢â¬Å"identifying its ability to control moment s in time by transforming consciousness of the present.Ã¢â¬â¢ The speaker realises that although memories are Ã¢â¬Å"ambiguousÃ¢â¬ and time can be Ã¢â¬Å"stolenÃ¢â¬ , ultimately, as is portrayed in the personification Ã¢â¬Å"Years cannot move the lamplit presencesÃ¢â¬ of her childhood. The poem concludes with a final natural image of Ã¢â¬Å"the faint scent of violets drifts in the airÃ¢â¬ conveying the personaÃ¢â¬â¢s awareness that the memories of her parentsÃ¢â¬â¢ love transcends the power of death. In Ã¢â¬ËThe VioletsÃ¢â¬â¢ HarwoodÃ¢â¬â¢s poetic treatment of loss and consolation through the motif of the violets engages the reader on an emotional level. The theme of love and its permanent, passionate nature resonates within HarwoodÃ¢â¬â¢s poetry, engaging readers through its poetic treatment of the experiences of loss and consolation associated with love. Similar to Ã¢â¬ËAt MorningtonÃ¢â¬â¢ which expresses one cycle of life and the acceptance of its inevitable processes, Ã¢â¬ËA ValedictionÃ¢â¬â¢ expresses the journey of maturation through reflection that leads the speaker from adolescent sentimentality to an appreciation of the enduring nature of love. The intertextual reference to John Donne in the poems title foreshadows the exploration and poetic treatment of the experience parting from a loved one and the emotional repercussions of this loss. The personaÃ¢â¬â¢s adolescent sentimentality is evoked through her ritual of seeking solace in her anthology of DonneÃ¢â¬â¢s poetry. The memories of her youth are metaphorically Ã¢â¬Å"inked in with aches from adolescence.Ã¢â¬ Harwood explores the nature of love in her representation of two significant female figures and it is from their contrasting reactions to their experiences of love that informs the personaÃ¢â¬â¢s more mature perception of love and loss. One the one hand, Harwood gives representation Salome, whose indifference to the grand passion of love is conveyed in the flippant tone of her comment Ã¢â¬Å"whether I kissed Nietzche on Monte Sacro I find I do not now remember.Ã¢â¬ On the other hand, Harwood depicts Saint Therese, a nun who dedicated her life to selfless love as conveyed in the sentimental tone of her comment Ã¢â¬Å"when I love it is forever.Ã¢â¬ HarwoodÃ¢â¬â¢s juxtaposition of these womenÃ¢â¬â¢s perspectives on love highlights the folly of both ideals and consolidates the personaÃ¢â¬â¢s understanding that it isÃ rationalism and moderation that offer the most valued appreciation of love. The personaÃ¢â¬â¢s direct address Ã¢â¬Å"dear ladies shall we meet half way between sanctity and liberation?Ã¢â¬ conveys her awareness that there should be a balance between disinterest oversentimentality. The poem concludes with an idyllic scene that encapsulates the personaÃ¢â¬â¢s sense of contentment and maturity beyond her emotional angst. Ã¢â¬Å"let me walk at sunset in the pasture feeding my geeseÃ¢â¬ engages the reader through the poetic treatment of loss and consolation as it is associated with the theme of love. Modernist poet Gwen Harwood adheres to the literary conventions of the Romantics in her anthology of poems, employing poetical devices and form to give expression to the themes of loss and consolation as well as other timeless themes. Harwood continues to engage readers through her exploration of universal themes of human existence evident in Ã¢â¬ËAt MorningtonÃ¢â¬â¢, Ã¢â¬ËThe VioletsÃ¢â¬â¢ and Ã¢â¬ËA Valediction.Ã¢â¬â¢