Narrative Essay - Original Writing - 4539 Words

Prologue†¦ So this is my life, some say my name should’ve changed but I think not. My mother as a little girl was named Djeserit and in turn I had gotten Isis. When I was born, life was different as my mother and father were egyptians so in turn, I was egyptian but we were royals, so we were the rulers of Egypt. We could have anything we could imagine, it was nice and fantabulous. Then there was the one evening before my father’s Ka left him and we were rushed in to see him because the news had arrived so late at the palace. We were crying so hard but I hadn’t known what was really happening till much later. My mother didn’t want him to go as she had said something about marrying and death, since I’m now 16 and soon of marrying age, but†¦show more content†¦Soon when I was well, I would walk around, read and then I started back to my studies to learn the ways of a queen, while a boy my age would become my husband, or in a sense, the Pharaoh of Egypt. *2 years past by, Isis has already began to rule as queen and the Pharaoh has risen to power.* â€Å"Hello, my great majesties.† â€Å"Hello Simba, what do you have for us today?† â€Å"Well if it was alright with pharaoh ,I would appreciate it if I was allowed to speak with the queen?† â€Å"Yes, as you may.† â€Å"Thank you sire.† *Pharaoh leaves with servants and his scribe trailing behind him, so that he may give space for his beloved queen and the royal messenger.* Your majesty, I don’t know how I can say this but†¦ this might be hard to understand†¦ his majesty doesn’t love you. He despises you and wants you dead so that he can marry his only beloved Ashka.† â€Å"We still have time to flee for safety, as I had created a spell key that can teleport us to the future.† â€Å"HOW LONG HAVE YOU KNOWN ABOUT THIS?!† â€Å"Please, I beg of you, quiet down, if he knows what I know, i’ll be suffering.† â€Å"Alright, when will we flee?† â€Å"Tonight, we have to, his majes ty is planning a celebration of your death, but he’s saying it’s for the hard work of all our workers. When you are with him, do NOT EVER LEAVE his side. He’s planning on giving you duties, so that he may pour poisonShow MoreRelatedNarrative Essay - Original Writing1733 Words   |  7 Pages When I had laid the last of the bricks I took a step back to admire my handy work. Still silent in the catacombs, I knew I should be leaving before Fortunato awakes. I began my journey through the endless tunnels of corpses and adorning tombs. I could smell the lingering fragrance of death in the damp air as I stumbled along the dark, uneven pathway. I soon became overwhelmed with the feeling of exhaustion. I began to yell, â€Å"Help, can anyone hear me?† The deafening silence reminded me of a fateRead MoreNarrative Essay - Original Writing1643 Words   |  7 PagesNarrative I was about ten years old when this happened. It was in the fall of fifth grade, and I had just gotten settled into the new school year. My dad was deployed to Kuwait, and so for the time being it was just my mom, my brother, and I. He had been deployed previously, so I was used to him being away for months at a time. One thing that helped me get through the times he was deployed was my school who offered a special class called TDY on Friday mornings before the bell rang. TDY (TemporaryRead MoreNarrative Essay - Original Writing1505 Words   |  7 PagesNarrative Essay on different levels. The doctor would meticulously watch our actions then jot it down into his documents. After the exam was completed, we were instructed to stand in two even parallel lines and wait Three summers ago, I proudly graduated from Samuel Fels High School in Philadelphia, Pennsylvania. Graduating from High School was one of the happiest and memorable moments in my life. I was puffed up with pride as I walked down the aisle to accept my high school diploma. I hadRead MoreNarrative Essay - Original Writing1435 Words   |  6 PagesRei, Rei! My little sister shrieks. Her piercing scream reaches me when I get to my house front door. The family room darkens; the air thickens. Without thinking I sprint to her room, but her door is locked. Since when did she get a lock on her door?! Rei! Shelly cries out. Shelly it s okay, I ll save you! I throw my body against the door, but stop when a laugh that always gives me nightmares, rings in my ear. I look to my right, and as I do the house molds into the Hammerhead s menRead MoreNarrative Essay - Original Writing Essay727 Words   |  3 PagesAdrian Box 9/24/2015 Narrative Essay ENGL 1010-09 - Disbelief, fear, and disappointment filled my mind as I sat in the driver s car seat tilted back, the smell of smoke and dirt was all I could comprehend. The drivers floorboard and dashboard met with my feet wedged in between being crushed. It did not hurt, my body was numb. My mind was running wild. What just happened to me? In the distance, on that straight, two-way, narrowed road, I saw cars and trucks driving by completely oblivious of howRead MoreNarrative Essay - Original Writing2052 Words   |  9 Pageswritten in months, making excuses and procrastinating, she finally sat down to end her guilt for ignoring her only current connection with the outside world. Writing had always been a hobby she could count on to help her find serenity, but serenity was all around her these days, so it had been easy to put her writing duties on hold. Now her writing was helping her to put things into perspective, things she wanted to understand but had no clue how to get a grasp on, especially the changes that were occurringRead MoreNarrative Essay - Original Writing1148 Words   |  5 PagesNarrative â€Å"Here Maya, as long as you wear this I’ll always be with you,† my dad said as he clipped a small bow into my hair. â€Å"I can’t believe tomorrow will be your first birthday, and I have to miss it. I love you more than the world baby girl.† He kissed my forehead as he lowered me into the crib. â€Å"Daddy don’t go, please!† I begged him, â€Å"I’m going to miss you so much.† â€Å"Munchkin I have to go, I’ll only be gone 2 days and it’ll fly by so fast that when I come home you’ll think I never left.†He huggedRead MoreNarrative Essay - Original Writing939 Words   |  4 PagesAs the light shines through the window of the wooden cabin, I sit up and stretch my aching back; I the smell of moist wood fills the air, and then I remember that it is time to work on the field. As I walk out of the cabin I see my friends. â€Å"Good morning Amara, good morning Quan,† â€Å"Good morning Yelmima,† they replied. â€Å"Are you ready for your big day today?† Quan winked as he said it. â€Å"Yeah, † â€Å"We’ll miss you,† Amara said. â€Å"I will say my final goodbyes before I leave,† I reassured them. AsRead MoreNarrative Essay - Original Writing1053 Words   |  5 PagesIt waits, concealed behind the fragments of carefree moments that crop up from time to time. It ebbs, the emotional tide before the mind’s storm. It strikes, leaving its victim motionless and defenseless and forever beneath its control. The dread, being stuck in a rut, is difficult to escape from. Perhaps I should settle for what is reality— probably forever impoverished, despondent, or a mindless drone for the man—and continue on the trail. However, when I’m stuck facing the corner, all I noticeRead MoreNarrative Essay - Original Writing889 Words   |  4 PagesBY THE TIME CLIVE finally settled down and stopped his cat screaming, I was thoroughly exhausted and wide awake. I had to get up in one more hour anyway, and I realized I’d already gotten whatever sleep I was going to get. I might as well get up and make some breakfast. â€Å"Stupid meower,† I said, addressing the wall behind my head, and I padded out into the living room. After switching on the TV, I turned on the coffee maker and studied the pre-dawn light just starting to peek in my windows. Clive

A Short Note On The Parenting Responsibilities For Parents...

resulting in problems like FM.(f3) The parenting responsibilities for parents of children with disabilities often need a signiï ¬ cant amount of time to complete, can be physically demanding, can interrupt family and social relationships, and can adversely affect caregiver employment (Brannen Heï ¬â€šinger, 2006; Seltzer Heller, 1997). Perhaps as a consequence of these additional influences, family caregivers of children with disabilities can be at increased risk to experience depression, physical health problems, and decreased quality of life causing many insidious health problems like FM (Feldman, et al., 2007; Ones, Yilmaz, Cetinkaya, Calgar, 2002)(f4) STRESS: Stress among parents and other primary caregivers of children with different disabilities is inescapable and linked to lower quality of life, unhealthy family functioning, and negative psychological and health consequences like FM.(f5) A wide network of interconnected factors contributes to caregiver stress: level of child functional ability and behavior, co-existing health challenges, limited social supports, lack of socio-economic resources, poor family functioning, as well as psychological and physical health (Rubin and Crocker 2006). Current interventions provided to parents and caregivers of individuals with different disabilities include respite care and parent support groups. These interventions address certain parts of caregiver stress, such as caregiving demands and social supports, but do not speciï ¬ callyShow MoreRelatedObsessive Compulsion Disorder : Karen Rusa And Her Obsessive Compulsive Disorder1324 Words   |  6 Pagesmarried to a man named Tony, and has four children with him. She is the oldest of four children in her family and was raised by two parents in New York City. Her parents were also Italian immigrants. Being raised to be a devout Roman Catholic was critical to her parents. She went to parochial school from first grade through high school. The traditional rituals were deeply imbedded in Karen’s life as she grew up. If she did not adhere to the rules from her parents and church, she believed and was toldRead MoreUnit 10 Essay1892 Words   |  8 PagesTitle 10 Caring for Children and Young people Level 3 Unit Number 10 Unit Credit 10 Assignment Title Caring for children, young people and their families Part Unit Whole Unit Whole unit Assessor Start Date Submission Date Feedback Date Vocational Context Task 1 (P1) Imagine that you are a researcher for a local radio station and you have been asked to put together a piece on looked after children and young people. Task 2 (P2,M1 M2, D1) Imagine you are a young parent and have recently movedRead MoreStrategies for Promoting Positive Behaviour According with the Policies and Procedures of the Setting17778 Words   |  72 PagesPROMOTE CHILDREN AND YOUNG PEOPLE’S POSITIVE BEHAVIOUR UNDERSTAND POLICIES AND PROCEDURES FOR PRMOTING CHILDEN AND YOUNG PEOPLE’S BEHAVIOR 1.1 SUMMARISE THE POLICIES AND PROCEDURES OF THE SETTING RELEVANT TO PROMOTING CHILDREN AND PEOPLE’S POSITIVE BEHAVIOUR When managing pupil’s behavior, all staff will need to be aware of school policies. The majority of children/young people do not present challenging behavior, and they attend a range of educational settings in environments which areRead MoreA Case Study for Adhd Students4596 Words   |  19 Pagesall parties involved. â€Å"Education For All Handicapped Children Act Passed in 1975 Guaranteed and enforced the right of all children with disabilities to receive free and appropriate education Considered the foundation of special education in the United States; 1990- Law renamed to IDEA. What is an IEP? Individualized Education Plan Written plan that describes the program and special services a student requires to be successful Developed by parents and educators Individualized- plan specifically developedRead MoreAbortion Must be an Option for Parents of Disabled Children Essay4296 Words   |  18 Pagesfactors should allow women carrying children with physical and mental disabilities the choice of abortion with them knowing that they cannot fully provide for their c hildren emotionally, financially and even physically. This report discusses these reasons and their implications; justifies the need for the action that is considered â€Å"murder† in most societies and sheds light on the hard truth for those few who have been dealt with the unfortunate situation of having children with special needs. It is discussedRead MoreUnit 113408 Words   |  14 Pages110 work with parents to meet their children s needs 1.1 explain the evolving and interdependent nature of the relationship between parents and their children The relationship between parents and their children is always changing, starting from as soon as birth takes place – this is when a strong bond of attachments are formed and parents endeavour to meet the needs of their baby. By the time children are two the relationship starts to change as parents start to educate children, guide themRead MoreEssay on Killing Kids2399 Words   |  10 Pagesset by authority figures(3). Moreover, there are usually problems in the home such as divorce, poverty, child abuse, neglect, or parents that carry their own psychiatric diagnoses. In addition, patients with the disorder often carry other diagnoses such as oppositional defiant disorder, mood disorders, anxiety, attention deficit/hyperactivity disorder, learning disabilities and thought disorders(4). There are two subtypes of the disorder: childhood-onset and adolescent-onset. Childhood-onset usuallyRead MoreThe Pros and Cons of Ritalin2456 Words   |  10 PagesShe tried behavior management and parenting courses, to no avail. Eventually, Jason was diagnosed with ADHD and given the stimulant Ritalin, which controlled his outbursts. It was like Dr. Jekyl and Mr. Hyde, Cathy said. Jason flourished for the next six years, even winning his fifth-grade citizenship award. In sixth grade, however, his medication stopped working, and he became aggressive again. But Jasons teachers did not believe he had a disability and refused to allow any special accommodationsRead MoreThe Role of the Practitioner in Providing Play and Learning Opportunities5936 Words   |  24 Pagesothers play and starts to join in. As Marks key person I will support him to become confident in interacting with other children and other adults. It is my role to make sure Mark is developing and learning at the correct rate. Mark has a positive relationship with his mum and dad so as his key person I need to ensure Mark as the opportunity to join in and bond with other children and adults to build positive relationships with more people than his mum and dad. This will help Marks development andRead MoreHow Does Media Affect Children11485 Words   |  46 PagesFamily Viewing A report on parents, children and the media by Lucy McCarraher for the Parenting Education Support Forum in association with the NSPCC, Family Circle magazine and Glasgow Media Group Parenting Education Support Forum The Parenting Education Support Forum brings together those concerned with or working in the field of preparation, education and support for parents. It promotes and maintains a high profile for parenting education and support, where education means learning

Discussion on Hunting Housing and Homeland Security

Question: Discuss about the Discussion on Hunting Housing and Homeland Security. Answer: Introduction: The first issue raised in the question answer session was by Eliza Gay, who mentioned the rising rate of terrorist attacks all over the globe and how the human society has come to accept it as a inevitable part of modern human society, as stated by the mayor of London. The next issue in the discussion was on the lone wolf attacks happening across the western capitals and whether the emphasis of terror on the Western coalition partners is neutralizing outcome of the loss of countless Islamic lives in Syria and Iraq (Hunting, Housing and Homeland Security | QA | ABC TV, 2017). The third social issue discussed in the program is the rising threat of the Islamic populations attempting to the establishment of a worldwide caliphate. And how the Western citizens are supposed to respond to such a situation that threatens the peace and sovereignty of their homelands. The next issue discussed in the discussion was about some unrealistic policies like the Europe based immigration and refugee policy and if it is in some manner beneficial to the migration situation of Australia. And the questioner also raised the concern about how many more terror attacks will be the collateral damage before the authorities understand the depths of the repercussions of these policies (Hunting, Housing and Homeland Security | QA | ABC TV, 2017). The next set of questions raised by an Islamic Australian resident highlights an interesting albeit odd scenario. The issue addressed in this question is the racial discrimination faced by Australian minorities and how the situation is worsened by the divisive upheaval in different sectors of the society (Hunting, Housing and Homeland Security | QA | ABC TV, 2017). On a similar note the next questioner raised the concern of how the religious minorities like the Jewish being insulted and discriminated in open streets and if the laws that the multicultural hub, like Australia takes pride on its cultural diversity are making life difficult for the minorities (Hunting, Housing and Homeland Security | QA | ABC TV, 2017). The last issue raised by the programme is on the rising number of homeless youngsters in Australia and how the increasing amount of foreign investors and proprietors leading the young generation of Australia homeless (Hunting, Housing and Homeland Security | QA | ABC TV, 2017). The social policy debated in this program was concerned with the immigration policy in place in Australia. The questioner raises a concern over the inclination of the Australian policies towards the Europe based regulations and very rightly questioned Amanda Rishworth on how long the Australian citizens have to cope with terrorist attacks before the authorities discovered that the immigration situation in Australia is much different than the one in Europe. Amanda tackled the situation commendably by agreeing to the initial argument by the questioner. It has to be considered that there is reality in what Amanda tried to explain. Australia deals with a much more diverse and huge group of influx that can outweigh the major part of Europe influx (Hill, 2003). However Stephanie attempted to share her strong believes on how the open field policy in Germany is leading to increasing terrorism and how taking those footsteps can land Australia in the same predicament. However Peter Holmes, a panellist who had the opportunity to stay in Germany for a period pointed it out rightly that the entirety of Europe is facing terrorism and one strict policy cannot be a catalyst here (Hunting, Housing and Homeland Security | QA | ABC TV, 2017). On the other hand the stricter Australian policies on immigration have been saved by the refugee camps on the shores and the fact that Australia is fact is closed off from all ends by the ocean. However Mark Seymour very rightfully stated that the refugee camps sometimes can work like the torture machines regardless of the fact that there can be immigrants who might have come the wrong way and have nothing to do with terrorism. Hence these camps could and should be closed off so that Australian government does not continue to shred layer after layer of humanity while avoiding security breach (Hunting, Housing and Homeland Security | QA | ABC TV, 2017). In the light of the recent global domination of brutality and remorseless terrorism, all the nations are securing their armours to ensure the safety of the nation and the citizens. The immigration policies are a major part of that armour. The Australian policy on immigration, or the white policy as popularly known as has been a protective barrier for the government to diminish the levels of terrorist attacks but there are a lot of arguments about the effectiveness of the policy in the reality (Jamrozik, 2009). It has to be considered that the Australian government has not become anti-immigration all of a sudden; this has been a constant feature of the Australian regulations, however in the light of recent surge in terrorism it has strengthened significantly. However the shoreline refugee camps are doing things none too great with the immigrants. It has to be considered that some of them are truly in the wrong place at the wrong time and they by no means deserve the excessively harsh and inhuman treatment that they receive in the camps (Collins, 2013). However the scenarios at the asylum seekers camp in the shoreline are not changing, according to studies there is no set limit for how long the immigrants are supposed to stay in camp, and their free will is at complete mercy of the Australian government and immigration committee (Carson Kerr, 2014). As mentioned by the Australian immigration minister Peter Dutton, the government will not accept the illegal immigrants at any cost and they will not be given opportunity to settle down the country permanently at any circumstances (Kubrin, Zatz Martinez, 2012). This stand that government has decided to take on immigration has provided the humanitarian part of the society a conundrum. While it is undoubtedly unacceptable to rob human of their free will and force them to stay under the radar of a foreign government for any period of time just because of a mistaken entry, the situation of terrorism deserves equal attention as well (Neumann Tavan, 2013). Although there can be a few amendments that can be incorporated, for instance there should be discretion in the refugee camps that can recognize and validate the immigrants that have come to the Australian Shore by mistake or a foolish attempt to seek the asylum (Wood McAdam, 2012). However we cannot expect the government to not take a strict action on the immigration situation when the safety of the citizens is at stake. However, we can always expect the government to take a more humanitarian frontier without compromising the safety of the nation or its citizens. References: Carson, E., Kerr, L. (2014). Australian Social Policy and the Human Services. Cambridge University Press Collins, J. (2013). Rethinking Australian immigration and immigrant settlement policy.Journal of Intercultural Studies,34(2), 160-177. Hill, M. (2003). Understanding Social Policy, 7th Edition, Blackwell Publishing, Oxford. Hunting, Housing and Homeland Security | QA | ABC TV. (2017). Abc.net.au. Retrieved 18 April 2017, from https://www.abc.net.au/tv/qanda/txt/s4624232.htm Jamrozik, A. (2009). Social Policy in the Post-Welfare State: Australian in a changing world (3rd edition), Pearson Education, NSW. Kubrin, C. E., Zatz, M. S., Martinez, R. (Eds.). (2012). Punishing immigrants: Policy, politics, and injustice. NYU Press. McClelland, A. (2006). Australia: Understanding for Action, Oxford University Press. Neumann, K., Tavan, G. (2013).Does History Matter?: Making and debating citizenship, immigration and refugee policy in Australia and New Zealand(p. 153). ANU Press. Wood, T., McAdam, J. (2012). III. Australian Asylum Policy all at Sea: An analysis of Plaintiff M70/2011 v Minister for Immigration and Citizenship and the AustraliaMalaysia Arrangement.International and Comparative Law Quarterly,61(01), 274-300.

Water Rationing free essay sample

A growing problem in the world today is a shortage of drinking water. Every twenty years, the consumption of water is doubling. The supply of water isn’t renewing at the same rate anymore. The shortage of drinking water is causing a much larger problem. That problem is polluted water. About half of the hospital beds in the world are filled with people with water borne iseases. About three billion people in the world don’t have easy access to a toilet. The result of that is the thousands of kids that die(a day) due to water related problems. I think water shortage and water pollution will be the water problems of the future. In the future, when there will be water shortage( probably because people didn’t find more water resources or a great way to conserve water),people will try some crazy things to find more water. Some people, in areas where there is no easy access to water, go to a beach and dig a hole in the sand to make a place where water will stay. We will write a custom essay sample on Water Rationing? or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page They drink the water that appears and get sick. The sand sort of acts like a filter but it does not get rid of harmful bacteria. In the future, conditions will get way worse than they already are if YOU don’t do something about it. Do you want to die because of your foolish decisions?

W Ppppp Essay Example

W Ppppp Essay Final Exam Review Note: This hand-out is designed to provide additional review materials for your exam. The practice problems included are not all inclusive and this should be reviewed in conjunction with your practice exam, coursepacket materials and homework problems. Chapter 14 1. On January 1, 2007, Ann Rosen loaned $45,078 to Joe Grant. A zero-interest-bearing note (face amount, $60,000) was exchanged solely for cash; no other rights or privileges were exchanged. The note is to be repaid on December 31, 2009. The prevailing rate of interest for a loan of this type is 10%. The present value of $60,000 at 10% for three years is $45,078. What amount of interest income should Ms. Rosen recognize in 2007? a. $4,508. b. $6,000. c. $18,000. d. $13,524. 2. A company issues $20,000,000, 7. 8%, 20-year bonds to yield 8% on January 1, 2007. Interest is paid on June 30 and December 31. The proceeds from the bonds are $19,604,145. Using effective-interest amortization, how much interest expense will be recognized in 2007? a. $780,000 b. $1,560,000 c. $1,568,498 d. $1,568,332 3. Carr Corporation retires its $100,000 face value bonds at 105 on January 1, following the payment of interest. The carrying value of the bonds at the redemption date is $103,745. The entry to record the redemption will include a a. credit of $3,745 to Loss on Bond Redemption. b. debit of $3,745 to Premium on Bonds Payable. c. credit of $1,255 to Gain on Bond Redemption. d. debit of $5,000 to Premium on Bonds Payable. DR Bonds Payable 100,000 DR Premium 3,745 DR Loss 1,255 CR Cash 105,000 4. The printing costs and legal fees associated with the issuance of bonds should a. e expensed when incurred. b. be reported as a deduction from the face amount of bonds payable. c. be accumulated in a deferred charge account and amortized over the life of the bonds. d. not be reported as an expense until the period the bonds mature or are retired. Page 1 of 10 5. The generally accepted method of accounting for gains or losses from the early extinguishment of debt treats any gain or loss as a. an ad justment to the cost basis of the asset obtained by the debt issue. b. an amount that should be considered a cash adjustment to the cost of any other debt issued ver the remaining life of the old debt instrument. c. an amount received or paid to obtain a new debt instrument and, as such, should be amortized over the life of the new debt. d. a difference between the reacquisition price and the net carrying amount of the debt which should be recognized in the period of redemption as an other expense on the income statement. 6. A corporation called an outstanding bond obligation four years before maturity. At that time there was an unamortized discount of $300,000. To extinguish this debt, the company had to pay a call premium of $100,000. We will write a custom essay sample on W Ppppp specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on W Ppppp specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on W Ppppp specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Ignoring income tax considerations, how should these amounts be treated for accounting purposes? a. Amortize $400,000 over four years. b. Charge $400,000 to a loss in the year of extinguishment. c. Charge $100,000 to a loss in the year of extinguishment and amortize $300,000 over four years. d. Either amortize $400,000 over four years or charge $400,000 to a loss immediately, whichever management selects. 7. On June 1, 2006, Janson Bottle Company sold $400,000 in long-term bonds for $351,040. The bonds will mature in 10 years and have a stated interest rate of 8% and a yield rate of 10%. The bonds pay interest annually on May 31 of each year. The bonds are to be accounted for under the effective-interest method. Instructions (a) Construct a bond amortization table for this problem to indicate the amount of interest expense and discount amortization at each May 31. Include only the first four years. Make sure all columns and rows are properly labeled. (Round to the nearest dollar. ) (b) The sales price of $351,040 was determined from present value tables. Specifically explain how one would determine the price using present value tables. c) Assuming that interest and discount amortization are recorded each May 31, prepare the adjusting entry to be made on December 31, 2008. (Round to the nearest dollar. ) (a) Date 6/1/06 5/31/07 5/31/08 5/31/09 5/31/10 (b) (1) (2) Credit Cash $32,000 32,000 32,000 32,000 Debit Interest Expense $35,104 35,414 35,756 36,131 Credit Carrying Amount Bond Discount of Bonds $351,040 $3,104 354,144 3,414 357,558 3,756 361,314 4,131 365,445 Fin d the present value of $400,000 due in 10 years at 10%. Find the present value of 10 annual payments of $32,000 at 10%. Add (1) and (2) to obtain the present value of the principal and the interest 20,858* 18,667** 2,191 payments. (c) Interest Expense Interest Payable .. Discount on Bonds Payable *7/12 ? $35,756 (from Table) = $20,858 **7/12 ? 8% ? $400,000 = $18,667 Page 2 of 10 Chapter 15: 1. E15-1:Porter Corp. purchased its own par value stock on January 1, 2010 for $20,000 and debited the treasury stock account for the purchase price. The stock was subsequently sold for $12,000. The $8,000 difference between the cost and sales price should be recorded as a deduction from a. additional paid-in capital to the extent that previous net gains from sales of the same class of stock are included therein; otherwise, from retained earnings. b. additional paid-in capital without regard as to whether or not there have been previous net gains from sales of the same class of stock included therein. c. retained earnings. d. net income. 2. Which of the following best describes a possible result of treasury stock transactions by a corporation? . May increase but not decrease retained earnings. b. May increase net income if the cost method is used. c. May decrease but not increase retained earnings. d. May decrease but not increase net income. 3. When a corporation issues its capital stock in payment for services, the least appropriate basis for recording the transaction is the a. market value of the services received. b. par value of the shares issued. c. market value of the shares issued. d. Any of these provides an appropriate basis for recording the transaction. . Direct costs incurred to sell stock such as underwriting costs should be accounted for as 1. a reduction of additional paid-in capital. 2. an expense of the period in which the stock is issued. 3. an intangible asset. a. b. c. d. 1 2 3 1 or 3 5. A feature common to both stock splits and stock dividends is a. a transfer to earned capital of a corporation. b. that there is no effect on total stockholders equity. c. an increase in total liabilities of a corporation. d. a reduction in the contributed capital of a corporation. Stock splits – change in par value and change in number of shares Stock dividend – DR Retained Earnings and CR CS dividend distributable (and APIC if small stock dividend) 6. On September 1, 2010, Valdez Company reacquired 12,000 shares of its $10 par value common stock for $15 per share. Valdez uses the cost method to account for treasury stock. The journal entry to record the reacquisition of the stock should debit a. Treasury Stock for $120,000. b. Common Stock for $120,000. c. Common Stock for $120,000 and Paid-in Capital in Excess of Par for $60,000. . Treasury Stock for $180,000. 12,000 ? $15 = $180,000. (Credit is to cash. ) Page 3 of 10 7. Long Co. issued 100,000 shares of $10 par common stock for $1,200,000. Long acquired 8,000 shares of its own common stock at $15 per share. Three months later Long sold 4,000 of these shares at $19 per share. If the cost method is used to record treasury stock transactions, to record the sale of the 4,000 treasury shares, Long should credit a. Treasury Stock for $76,000. b. Treasury Stock for $40,000 and Paid-in Capital from Treasury Stock for $36,000. c. Treasury Stock for $60,000 and Paid-in Capital from Treasury Stock for $16,000. d. Treasury Stock for $60,000 and Paid-in Capital in Excess of Par for $16,000. 4,000 ? $15 = $60,000; 4,000 ? $4 = $16,000. Stock Issue: DR Cash 1,200,000, CR Common Stock $1,000,000, CR APIC $200,000 Repurchase: DR Treasury Stock 120,000, CR Cash 120,000 Sale: DR Cash 76,000, CR Treasury Stock 60,000, CR APIC-TS 16,000 8. Colson Inc. declared a $160,000 cash dividend. It currently has 6,000 shares of 7%, $100 par value cumulative preferred stock outstanding. It is one year in arrears on its preferred stock. How much cash will Colson distribute to the common stockholders? a. $76,000. b. $84,000. c. $118,000. d. None. Note: Assumes that the preferred tock is not participating since it does not say that it is. 6,000 ? $100 ? .07 = $42,000 PS Dividend Total Dividend of $160,000 – ($42,000 ? 2 years since one in arrears and it is cumulative) = $76,000 payable to common stockholders. If it was participating preferred stock, then each would equal dividends and you would need to know the amount of the common stock par to know how to divide it. Refer to example from Ch 15 lecture. . Hernandez Company has 350,000 shares of $10 par value common stock outstanding. During the year, Hernandez declared a 10% stock dividend when the market price of the stock was $30 per share. Four months later Hernandez declared a $. 50 per share cash dividend. As a result of the dividends declared during the year, retained earnings decreased by a. $1,242,500. b. $525,000. c. $192,500. d. $175,000. 350,000 ? .1 0 ? $30 = $1,050,000 Stock dividend: DR RE 1,050,000 and CR CS Dividend Distributable (for par) $50,000 and CR APIC 700,000 $1,050,000 + (350,000 ? 1. 0 (increase for stock dividend) ? $. 50) = $1,242,500. 10. On June 30, 2010, when Ermler Co. s stock was selling at $65 per share, its capital accounts were as follows: Capital stock (par value $50; 60,000 shares issued) Premium on capital stock Retained earnings $3,000,000 600,000 4,200,000 If a 100% stock dividend were declared and distributed, capital stock would be a. $3,000,000. b. $3,600,000. c. $6,000,000. d. $7,800,000. Declaration Date: DR RE 3,000,000 and CR CS Dividend Distributable 3,000,000 Payment Date: DR CS Dividend Distributable 3,000,000 and CR CS 3,000,000 Page 4 of 10 The following data are provided for 11 and 12: 10% Cumulative preferred stock, $50 par Common stock, $10 par Additional paid-in capital Retained earnings (includes current year net income) Net income December 31, 2011 2010 $100,000 $100,000 120,000 90,000 80,000 65,000 240,000 215,000 90,000 Additional information: On May 1, 2011, 3,000 shares of common stock were issued. The preferred dividends were not declared during 2011. The market price of the common stock was $50 at December 31, 2011. 11. The rate a. 90 ? b. 90 ? c. 80 ? d. 80 ? c = $80 ? 400. 12. The book value per share of common stock at 12/31/11 is a. 30 ? 12. b. 200 ? 12. c. 330 ? 12. d. 440 ? 11. $120,000 + $80,000 + (240,000 – $10,000) a ——————————————————— = $430 ? 12. 12,000 Chapter 18: Solve P18-5 b – 1, 2 and 3 using the Completed Contract Method for Practice ER18-1: POC and Completed Contract Methods Toaster Co. entered into the following contract with Oven Inc. to construct a new facility. At the time the contract was negotiated, Toaster was confident that they would be able to complete the contract to Oven’s specifications. Further, Oven had good credit standing and was expected to pay the contract in full in accordance with the billing terms. The contract started on March 1, 2009 and ended on December 15, 2011 when construction was complete. Toaster Co. Contract price: $10,000,000 Costs incurred Estimated costs to complete Progress billings Cash collections 2009 $3,600,000 4,400,000 3,000,000 2,500,000 2010 $3,800,000 1,000,000 3,500,000 3,000,000 2011 $800,000 0 3,500,000 4,500,000 of return on common stock equity for 2011 is 400. 440. 400. 440. 1) What should Toaster Co. consider in deciding between the Completed Contract and the POC methods? Based on these facts, which method is preferable? Toaster must use the POC method for long-term contracts when all three of the following exist: 1) terms are fixed per the contract 2) buyer is expected to pay and 3) contractor is expected to perform. If Toaster does not meet these three requirements, the completed contract method may be used. The completed contract method may also be used if the contract is short-term or Page 5 of 10 there are inherent hazards. Typically inherent hazards mean they cannot estimate the costs reliably for some reason. In this example, the terms are fixed and known as per above and both parties were expected to perform when the contract was negotiated. Since the contract is longterm and there are no inherent hazards mentioned, the POC method is not only preferred but it would be required. 2) What factors might cause Toaster Co. to use the Installment Sales or Cost Recovery methods? Toaster would have to not qualify for the POC method as discussed above. Further, the collectability of the contract price from Oven would have to be uncertain. The choice between installment sales and cost recovery depends on the level of uncertainty that Oven will pay. The more uncertain Toaster is, the more likely they would use the cost recovery method. ) Prepare the entries for all three years using the POC method. See template for ER18-1. Page 6 of 10 ER 18. 1 % Complete Calculations: 1 2 Costs to Year Date Given Given 2009 2010 2011 3,600,000 7,400,000 8,200,000 3 Estimated Total Costs Given 8,000,000 8,400,000 8,200,000 4 % Complete =2/3 45. 0% 88. 1% 100. 0% 5 Conrtract Price Given 10,000,000 10,000,000 10,000,000 6 Revenue Recognizable =4*5 4,5 00,000 8,809,524 10,000,000 7 Less Pys See PY line 4,500,000 8,809,524 8 Current Year =6-7 4,500,000 4,309,524 1,190,476 1 Year Given 2009 2010 2011 Journal Entries: Estimated Profit =5-3 2,000,000 1,600,000 1,800,000 10 % Complete* =4 above 45. 0% 88. 1% 11 Profit Recognizable =9*10 900,000 1,409,524 12 Less Pys See PY Line 900,000 13 Current Year =11-12 900,000 509,524 390,476 COMPLETED CONTRACT: 2009 2010 3,600,000 3,800,000 (3,600,000) (3,800,000) 3,000,000 (3,000,000) 2,500,000 (2,500,000) 3,500,000 (3,500,000) 3,000,000 (3,000,000) 2011 800,000 (800,000) 3,500,000 (3,500,000) 4,500,000 (4,500,000) CIP AP AR Billings Cash AR CIP Const Expense Revenue Billings CIP 100. 0% 1,800,000 1,409,524 *Note assume 100% of the loss if a loss contract!! 009 2010 2011 3,600,000 3,800,000 800,000 CIP (3,600,000) (3,800,000) (800,000) AP 3,000,000 (3,000,000) 2,500,000 (2,500,000) 900,000 3,600,000 (4,500,000) 3,500,000 (3,500,000) 3,000,000 (3,000,000) 509,524 3,800,000 (4,309,524) 3,500,000 (3,500,000) 4,500,000 (4,500,000) 390,476 800,000 (1,190,476) 10,000,000 (10,000,000) 2011 AR Billings Cash AR Const Expense Revenue Billings CIP (3,000,000) 3,600,000 600,000 (6,500,000) 7,400,000 900,000 8,200,000 (10,000,000) 10,000,000 (8,200,000) 2009 2010 Balance Sheet Presentation: Billings Total (3,000,000) (6,500,000) CIP Total 4,500,000 8,809,524 BS Amount: 1,500,000 2,100,000 Unbilled Unbilled Contract Costs Contract Costs Unbilled Unbilled Contract Costs Contract Costs Inventory Inventory Title: Section: Inventory Inventory 4) Prepare the entries for all three years using the Completed Contract method. See template for ER18-1. Page 7 of 10 5) Now assume the same as above except that in 2010, Toaster ran into some construction delays and actual costs incurred were $2,000,000 higher than stated above. The delays were Toaster’s fault and they were not able to bill Ovens Inc. for these extra costs incurred. Prepare the journal entries for all three years under both the POC and completed contract methods. See template for ER18-1 Part 5). Page 8 of 10 ER 18. 1 Part 5 % Complete Calculations: 1 2 Costs to Year Date Given Given 2009 2010 2011 3,600,000 9,400,000 10,200,000 3 Estimated Total Costs Given 8,000,000 10,400,000 10,200,000 4 % Complete =2/3 45. 0% 90. 4% 100. 0% 5 Conrtract Price Given 10,000,000 10,000,000 10,000,000 6 Revenue Recognizable =4*5 4,500,000 9,038,462 10,000,000 7 Less Pys See PY line 4,500,000 9,038,462 8 Current Year =6-7 4,500,000 4,538,462 961,538 Year Given 2009 2010 2011 Journal Entries: 9 Estimated Profit =5-3 2,000,000 (400,000) (200,000) 10 % Complete* =4 above 45. 0% 100. 0% 11 Profit Recognizable =9*10 900,000 (400,000) 12 Less Pys See PY Line 900,000 13 Current Year 2010 Contrstruction Expense: =11-12 5,838,462 900,000 (1,300,000) 200,000 COMPLETED CONTRACT: 2009 2010 3,600,000 5,800,000 (3,600,000) (5,800,000) 3,000,000 (3,000,000) 2,500,000 (2,500,000) 3,500,000 (3,500,000) 3,000,000 (3,000,000) 2011 800,000 (800,000) 3,500,000 3,500,000) 4,500,000 (4,500,000) 2011 Contruction Expense: 761,538 CIP AP AR Billings Cash AR CIP Const Expense Revenue Billings CIP 100. 0% (200,000) (400,000) *Note assume 100% of the loss if a loss contract!! 2009 2010 2011 3,600,000 5,800,000 800,000 CIP (3,600,000) (5,800,000) (800,000) AP 3,000,000 (3,000,000) 2,500,000 (2,500,000) 900,000 3,600,000 (4,500,000) 3,500,000 (3,500,000) 3,000,000 (3,000,000) (1,300,000) 5,838,462 (4,538,462) 3,500,000 (3,500,000) 4,500,000 (4,500,000) 200,000 761,538 (961,538) 10,000,000 (10,000,000) 2011 AR Billings Cash AR Const Expense Revenue Loss on Contract Billings CIP (3,000,000) 3,600,000 600,000 400,000 (400,000) (6,500,000) 9,000,000 2,500,000 10,000,000 (10,000,000) (200,000) 10,000,000 (9,800,000) 2009 2010 Balance Sheet Presentation: Billings Total (3,000,000) (6,500,000) CIP Total 4,500,000 9,000,000 BS Amount: 1,500,000 2,100,000 Unbilled Unbilled Contract Costs Contract Costs Unbilled Unbilled Contract Costs Contract Costs Inventory Inventory Title: Section: Inventory Inventory ER 18–2: Installment Sales Method Cornick, Inc. appropriately used the installment method of accounting to recognize income in its financial statement. Some pertinent data relating to this method of accounting include: 2010 2011 Installment sales $750,000 $900,000 Cost of sales 450,000 630,000 Gross profit $300,000 $270,000 Collections during year: On 2010 sales 250,000 250,000 On 2011 sales 300,000 Prepare the journal entries for 2010 and 2011 required under the installment sales metho d. Gross Profit Rates: 2010 = 40% (300,000/750,000)/ 2011 = 30% (270,000/900,000) 2010 2011 DR CR DR CR AR – 2010 750,000 0 AR – 2011 0 900,000 Revenue 750,000 900,000 COGS Inventory Revenue COGS Deferred GP–2010 Deferred GP-2011 Cash AR – 2010 AR – 2011 450,000 450,000 750,000 450,000 300,000 0 250,000 250,000 0 100,000* 90,000** 100,000 190,000 550,000 250,000 300,000 900,000 630,000 0 270,000 630,000 630,000 Deferred GP–2010 100,000* Deferred GP-2011 0 Realized GP * 250,000 cash * 40% GP Rate ** 300,000 cash * 30% GP Rate Page 9 of 10 ER 18-3: Completed Contract and Percentage of Completion with Interim Loss Russell Custom Builders manufactures commercial building complexes. The following data is available for an airport construction contract: Amount in thousands Contract price: $10,000 2010 2011 2012 Costs incurred each year $1,900 $1,500 $5,000 Estimated costs to complete 3,100 6,000 0 Progress billings 4,000 4,000 2,000 Cash collections 3,000 4,000 3,000 1. Prepare the required entries for all three years under the percentage of completion method and the completed contract methods. See template for ER18-3. 2. Assume now that the project manager miscalculated the building’s window widths and all of the windows had to be reordered. This resulted in significant cost overruns. The costs were as follows: 2010 2011 2012 Costs incurred each year $1,900 $6,200 $2,900 Estimated costs to complete 3,100 2,800 0 Prepare the required entries for 2011 and 2012 under the percentage of completion method and the completed contract methods. See template for ER18-3 Part 2). Page 10 of 10 % Complete Calculations: 1 2 Costs to Year Date Given Given 2010 2011 2012 1,900,000 3,400,000 8,400,000 ER 18. 3 3 Estimated Total Costs Given 5,000,000 9,400,000 8,400,000 4 % Complete =2/3 38. 0% 36. 2% 100. 0% 5 Conrtract Price Given 10,000,000 10,000,000 10,000,000 6 Revenue Recognizable =4*5 3,800,000 3,617,021 10,000,000 7 Less Pys See PY line 3,800,000 3,617,021 8 Current Year =6-7 3,800,000 (182,979) 6,382,979 1 Year Given 2010 2011 2012 Journal Entries: 9 Estimated Profit =5-3 5,000,000 600,000 1,600,000 10 % Complete* =4 above 38. 0% 36. 2% 11 Profit Recognizable =9*10 1,900,000 217,021 12 Less Pys See PY Line 1,900,000 13 Current Year =11-12 1,900,000 (1,682,979) COMPLETED CONTRACT: 2010 2011 1,900,000 1,500,000 (1,900,000) (1,500,000) 4,000,000 (4,000,000) 3,000,000 (3,000,000) 4,000,000 (4,000,000) 4,000,000 (4,000,000) CIP AP AR Billings Cash AR CIP Const Expense Revenue Billings CIP 100. % 1,600,000 217,021 1,382,979 *Note assume 100% of the loss if a loss contract!! 2010 2011 2012 1,900,000 1,500,000 5,000,000 CIP (1,900,000) (1,500,000) (5,000,000) AP 4,000,000 (4,000,000) 3,000,000 (3,000,000) 1,900,000 1,900,000 (3,800,000) 4,000,000 (4,000,000) 4,000,000 (4,000,000) (1,682,979) 1,500,000 182,979 2,000,000 (2,000,000) 3,000,000 (3,000,000) 1,382,979 5,000,000 (6,382,979) 10,000,000 (10,000,000) 2012 AR Billings Cash AR 2012 5,000,000 (5,000,000) 2,000,000 (2,000,000) 3,000,000 (3,000,000) Const Expense Revenue Billings CIP (4,000,000) 1,900,000 (2,100,000) (8,000,000) 3,400,000 (4,600,000) 8,400,000 (10,000,000) 10,000,000 (8,400,000) 2010 2011 Balance Sheet Presentation: Billings Total (4,000,000) (8,000,000) CIP Total 3,800,000 3,617,021 BS Amount: (200,000) (4,382,979) Billings in excess of Unbilled contract costs Contract Costs Billings in Billings in excess of excess of contract costs contract costs Current Liabilities Current Liabilities Current Liabilities Current Liabilities Title: Section: ER 18. 3 Part 2 % Complete Calculations: 1 2 Costs to Year Date Given Given 2010 2011 2012 1,900,000 8,100,000 11,000,000 3 Estimated Total Costs Given 5,000,000 10,900,000 11,000,000 4 % Complete =2/3 38. 0% 74. 3% 100. 0% 5 Conrtract Price Given 10,000,000 10,000,000 10,000,000 6 Revenue Recognizable =4*5 3,800,000 7,431,193 10,000,000 7 Less Pys See PY line 3,800,000 7,431,193 8 Current Year =6-7 3,800,000 3,631,193 2,568,807 1 Year Given 2010 2011 2012 Journal Entries: Estimated Profit =5-3 5,000,000 (900,000) (1,000,000) 10 % Complete* =4 above 38. 0% 100. 0% 11 Profit Recognizable =9*10 1,900,000 (900,000) 12 Less Pys See PY Line 1,900,000 13 Current Year 2010 Contrstruction Expense: =11-12 6,431,193 1,900,000 (2,800,000) (100,000) COMPLETED CONTRACT: 2010 2011 1,900,000 6,200,000 (1,900,000) (6,200,000) 4,000,000 (4,000,000) 3,000,000 (3,000,000) 4,000,000 (4,000,000) 4,000,000 (4,000,000) 2012 2,900,000 (2,900,000) 2,000,000 (2,000,000) 3,000,000 (3,000,000) 2011 Contruction Expense: 2,668,807 CIP AP AR Billings Cash AR CIP Const Expense Revenue Billings CIP 100. 0% (1,000,000) (900,000) *Note assume 100% of the loss if a loss contract!! 2010 2011 2012 1,900,000 6,200,000 2,900,000 CIP (1,900,000) (6,200,000) (2,900,000) AP 4,000,000 (4,000,000) 3,000,000 (3,000,000) 1,900,000 1,900,000 (3,800,000) 4,000,000 (4,000,000) 4,000,000 (4,000,000) (2,800,000) 6,431,193 (3,631,193) 2,000,000 (2,000,000) 3,000,000 (3,000,000) (100,000) 2,668,807 (2,568,807) 10,000,000 (10,000,000) 2012 AR Billings Cash AR Const Expense Revenue Loss from contract Billings CIP (4,000,000) 1,900,000 (2,100,000) Billings in excess of contract costs Current Liabilities 900,000 (900,000) (8,000,000) 7,200,000 (800,000) Billings in excess of contract costs Current Liabilities 10,000,000 (10,000,000) 100,000 10,000,000 (10,100,000) 2010 Balance Sheet Presentation: Billings Total (4,000,000) CIP Total 3,800,000 BS Amount: (200,000) 2011 (8,000,000) 7,200,000 (800,000) Title: Billings in Billings in excess of excess of contract costs contract costs Current Liabilities Current Liabilities Section:

The role business can play in protecting the environment

The role business can play in protecting the environment Free Online Research Papers The role business can play in protecting the environment â€Å"†¦shall be likened unto a foolish man, which built his house upon the sand.† (Matthew 7:26, King James Bible) There can be little doubt that mankind and indeed the whole planet is facing an environmental crisis. Whether that crisis is brought to a head by global warming, ozone depletion, acid rain, tropical deforestation or top soil erosion, remains to be seen. In this essay we will examine the role business is playing in creating this crisis and what it can do to help protect the environment in the future. Business produces the goods and services that meet our needs, wants and desires. It is this process that has lead to much of the destruction of the environment that has taken place. This damage continues on a daily basis. However, business is not solely to blame for this; governments and consumers must take some of the responsibility. It is governments who regulate the business community both legally and economically and have allowed this environmental destruction to take place. Consumers must accept their share of the blame as it is they who have consented to consume goods and services produced in an environmentally damaging way. That said it is the unique and close relationship between the production process and the environment that places the burden of environmental protection squarely on the shoulders of business. The manufacture of products and delivery of services for consumption involve necessarily the usage and conversion of raw materials. This process unavoidably produces waste. Indeed the processed product itself is destined to become waste as well. That is the nature of consumer goods; they are purchased, used and replaced. The production of the product will consume most of the resources, but even its utilization and eventual disposal consumes more. There is no escaping the fact that what goes in, must (inevitably) come out as waste. The fact is that resource scarcity and pollution are two sides of the same coin. It is clear; that our current methods of production are having a seriously adverse affect on the environment. If these processes remain un-checked, the eco-systems, which we all rely on, will eventually be seriously damaged. The message is clear; we must seek out more environmentally sustainable methods of production. Since the Rio Earth Summit in 1992 it has been internationally accepted that the ultimate goal of the UN environmental policy is sustainable production, which is production in harmony with the maintaining of global life support systems. In other words, sustainable production is the process where the consumption of materials and energy are reduced to a level where the ability of the environment to regenerate and assimilate the waste is maintained. This will have to be achieved in the face of a global demand for goods and services by a population which is likely to double in size before it stabilizes. Achieving sustainable production in the light of this demand is a n enormous challenge. What needs to be done is clear. Business has to reduce the environmental cost of production. However, we have not yet seen any radical shift in business practices which will bring about such a reduction. It is difficult for business to deny the need for environmental protection; however its response to the problem seems hap-hazard. At first the business community adopted programs which would simply fine tune their then existing practices. More recently they have been modifying their management techniques more drastically with a view to meeting the challenge head on. It seems to be recognized now that meeting these challenges requires a complete re-think of how business is conducted. The investments and innovations of business have driven economic growth and satisfied consumer demand but, because of the resources consumed and the side effects of waste and pollution, they have become unfortunately the main contributors to environmental destruction. New techniques and more efficient methods of production need to be found. It is clear now that economic growth without heed to the environmental cost can no longer be the main objective of business; growth without recognition of the environmental cost is unjustifiable. We know that new technologies and processes are not sufficient to meet the demands of the issues at hand. It would also be foolish for us to rely solely or even heavily on the possibility that science and technology will cure the ills of the past and provide us with new streams of growth for the future. Fundamentally there is a need for a change of attitude towards production and consumption, but more importantly there is a need to become ethically a ware of the total, comprehensive cost of business, that is not just its economic cost but also its social and environmental costs. We must discover new and innovative ways to organize the business culture within the existing free market economy, under governmental and social regulation while promoting sustainable production and growth for the future. On a global scale there are conflicts in business as to how this might be achieved. There are those in the emerging economies who protest that the environmental destruction to date has been caused by the developed world. The developed world has been careless and reckless in its treatment of the planet and has benefitted significantly from this negligence, but now that impending disaster has been detected they insist that all economies, including the underdeveloped, must bear the burden for its rectification. Emerging economies argue that they did not cause this problem and as such it is the responsibility of developed economies to take the initial and principal corrective action. This position was recognized by the UN during the Kyoto summit on climate change in 1997. Under Kyoto, industrialized countries agreed to reduce their collective green house gas emissions by approximately five percent compared to the year nineteen ninety. The main contributors to this reduction will be the European Union together with the United States and Japan. The United Nations agreed to a set of â€Å"common but differentiated responsibilities. The parties agreed that the largest share of historical and current global emissions of greenhouse gases has originated in developed countries. Per capita, emissions in developing countries are still relatively low and the share of global emissions originating in developing countries will grow to meet their social and development needs. Failure to adhere to the protocol will result in a financial fine for the country in breach. (United Nations Framework Convention on Climate Change) Every developed country attending the conference has ratified this protocol with the exception of the United States of America. They argue that the United States should not be a signatory to the protocol because it did not include binding targets and timetables for developing as well as industrialized nations or would result in serious harm to the economy of the United States(U.S. Senate Byrd-Hagel Resolution). The United States President George W. Bush has indicated that he does not intend to ask congress to ratify the protocol, not because he does not support the principles, but because of the exemption granted to China. China is now the world’s largest gross emitter of green house gas and would be able to continue to adopt a â€Å"†¦business as usual† approach if not regulated. He further argues that â€Å" Americas unwillingness to embrace a flawed treaty should not be read by our friends and allies as any abdication of responsibility. To the contrary, my administration is committed to a leadership role on the issue of climate change Our approach must be consistent with the long-term goal of stabilizing greenhouse gas concentrations in the atmosphere. (President Bush Discusses Global Climate Change 11th June 2001) Some argue that the United States failure to ratify the protocol has more to do with the economic cost of ratification rather than with fairness. Conservative estimates indicate a reduction of approximately four percent in the Gross Domestic Product of the United States economy should they ratify and abide by the protocol. Essentially the argument is this, if the treaty is ratified, the pollution intensive jobs in the developed economies will be relocated to emerging economies because the cost of doing business there will be less. It is essential that the problem of climate change is addressed on a global scale by business. When the Kyoto protocol is analyzed objectively, it can be seen to have many far reaching implications for the businesses of developed countries. As long as consumers demand cheap, affordable goods, business will endeavor to provide them. If this requires the relocation of production to emerging economies then business will do that, as they have responsibilities to their share holders to optimize profits and dividends. Unless society demands that business be responsible for environmentally friendly, sustainable production and is willing to accept the extra cost, then, disregarding the social and environmental costs, production will be relocated to the lowest economic cost countries. One can conclude that it is up to business to sort out the problem of pollution, but that business is anchored by consumer demand. Research Papers on The role business can play in protecting the environmentPETSTEL analysis of IndiaRelationship between Media Coverage and Social andBionic Assembly System: A New Concept of SelfGenetic EngineeringOpen Architechture a white paperMarketing of Lifeboy Soap A Unilever ProductDefinition of Export QuotasInfluences of Socio-Economic Status of Married MalesThe Project Managment Office SystemTwilight of the UAW

Narrative of the life of Fredric Douglass Essay

Narrative of the life of Fredric Douglass - Essay Example Douglass remembers how Aunt Hester was whipped without remorse until blood flowed from her back. This incident terrified Douglass who hid in a closet to avoid the horrible sight. Douglass had lived with his grandmother before coming to work here and now he realized how grisly life was on the plantation. The plantation owned by Colonel Lloyd as Douglass describes was a â€Å"great business place† (20). Colonel Lloyd was extremely powerful and authoritative in the area mainly because he kept a large number of slaves ranging between 200 and 300, and he also owned the surrounding farms. Two of the surrounding farms were Wye Town and New Design. These two farms were overseen by Noah Willis and Mr. Townsend respectively but were ultimately under the control of Colonel Lloyd who advised and managed these farms. This was a place where arguments regarding slaves were resolved and it was also the place where the salves received their quota of food and clothing. A fixed quota of food and clothing was given. The monthly food allowance consisted of 8 pounds of pork or fish and a bushel of corn meal (Douglass, 20). For clothing, the yearly allowance consisted of 2 linen shirts, 1 pair of trousers and another pair for winters, a jacket, a pair of stockings and shoes. Children’s allowance was paid to their mothers or caregivers. Those children who worked on the farm often got clothes that faded before the year ended. So, most children often had clothes that hardly covered their bodies. Colonel Lloyd replaced Mr. Hopkins with Mr. Austin Gore as the overseer of the farm where Douglass worked. Mr. Gore was a very cruel man which earned him the position of an overseer at Colonel Lloyd’s farms. Douglass remembers a time when Mr. Gore was punishing a slave named Demby when only after a few lashes, Demby ran into a creek in order to avoid the whipping. Demby was given a warning by Mr. Gore who said that he would be shot if he did not come out in 3 calls. Demby di d not and so he was shot by Mr. Gore without a second chance. Douglass was soon sent from the plantation to Baltimore. He describes the moment of freedom as a very happy moment of his life. Douglass no longer had to work for his cruel old master and now he was sent to work for Mr. and Mrs. Hugh Auld who were the in-laws of Colonel Lloyd's son-in-law, Mr. Thomas Auld. Douglass had to take care of their son, little Thomas. Douglass describes Mrs. Auld as being a very kind and pleasant lady. She was â€Å"was entirely unlike any other white woman† Douglass had seen (Douglass, 28). After Douglass arrived at Baltimore to work for them, Mrs. Auld began giving him reading classes. She taught him the alphabets A, B, C, and how to spell a few words. However, Mr. Auld soon found out and stopped her from teaching Douglass. This acted as a cue for Douglass for his journey from slavery to freedom and he appreciated that. Soon after his arrival in Baltimore, Colonel Lloyd's son, Richard di ed. Douglass' old master Captain Andrew also died leaving behind only Master Andrew and his sister, Lucretia. Thus, it became extremely important to get a valuation of the property so that the land could be equally divided between the remaining offspring. Douglass was also sent to be valued as a property which stimulated a feeling of dislike within Douglass. All slaves including men, women, and children were valued along with other properties including far