Net Income is defined as the total income Essay Example for Free

Net Income is defined as the total income Essay Net Income is defined as the total income of the company after all the expenses and other costs from their total revenue. The level of Net Income is very important for the managers since it is the one that will be divided into the shareholders of the company. The higher the net income, the greater would be the capital gains that stockholder would receive. There are instances that even though the company has high revenue, its net income still remains low due to the higher level of spending or costs. Answer B Legally based, White’s plan is acceptable since theoretically his strategy complies with the available accounting principles. Only that, he was able to play these principles on his hands in order to make their company look profitable based from their records. Ethically based, well of course White’s strategy is not ethical since he would trick the bank by virtually making Best Bike complying with their terms and agreement. Best Bike is profitable on the sheets of account but not in reality. Based from the definition of FASB on revenue, I think that the idea of revenue of Mr. White does not comply with the definition of the revenue of FASB. According to the definition of FASB, revenue is recognized when assets are created or liabilities are extinguished (FASB, 2005). Mr. White was not able to seclude the liabilities on their revenue. By allowing his friends and families to make credit purchases and eventually returning the bike to the company after two months would just mean that assets â€Å"virtually† increased by the months November and December and on reality sense it is not the way it is since that raise in the assets of Best Bike was just â€Å"artificial† due to the fact that friends and family of Mr. White do not have the intention of paying the bikes that they purchased on credit. As a consequence, in the long run, Best Bike would suffer on major inventory surplus, and if Mr. White was not able to find long term solution to their problem, probably they would incur large amount of losses due to the sluggish turnover of Best Bike’s inventories. Answer C In order for Best Bike to Increase their net income, first, they should be able to find ways in cutting their costs of producing a unit of bike. With this, they would now subtract fewer expenses on their total revenue. Another way by which Best Bike could improve their net income would be through cutting their average number of days for inventory turns over. With this, sales would eventually increase giving way for the revenue of the company to increase. Lastly, Best Bike’s bad debts in 19X7 as compared to the previous year have decreased. With this, expenses of Best Bike will decrease making the net income of the company to increase since there would be fewer expenses that will be deducted to the total revenue, assuming that the total revenue is constant. Answer D I think Best Bike would face a problem regarding their cash flow since they have a lot of collectible from their customers and to make things worst, the time it take for the company to collect all the collectibles is about 98 days. That’s too long and would decrease the cash in hand that the company could use to finance its other operation. Furthermore, inventory turn over of the company is in not good condition. They inventories have to take 130 days before they were all sold to the market. Being able to sell this inventory on a shorter period would mean that they could easily turn their Bikes easily into cash. It is just tantamount to increasing the sales of the company since there would be no bikes to stock in the warehouses if the sales turnover of the company is high.

Paranoia: Creator of Mental Instability and Isolation :: essays research papers

When Daru, a French schoolteacher, is forced to take in an Arab accused of murder, his mind suffers from paranoiac delusions. Daru’s doubts about the mental soundness of the Arab leave him feeling abnormally isolated and persecuted by unknown enemies. In â€Å"The Teacher† by Arnold Shiller, paranoia forms a self-imposed isolation and creates mental instability. Living in an isolated region of a French colony, possibly Algeria, Daru does not feel alone. As a schoolteacher, his current state of solitude is created by a snowstorm, a force of nature he cannot control. Daru is aware of the people suffering from the snowstorm, such as his students, and constantly mulls over their situation to entertain himself. Though Daru lives in a remote schoolhouse, this harsh region is home to him because â€Å"Everywhere else, he felt exiled† (54). Though physically removed from people, Daru is mentally close and awaiting their return after the snowstorm ends. He cannot be isolated because humanity still envelops his home. Daru’s paranoia emerges when his friend Balducci brings an Arab accused of murder to his schoolhouse. Daru immediately notices the unpleasant aspects of the Arab, such as his huge lips, feverish eyes, and rebellious look, but he still unties the hands of the Arab with some compassion. When Balducci announces that Daru must deliver the Arab to Tinguit, Daru is surprised and reluctant to do so because it violates his principles. But Balducci’s paranoia begins to infect Daru, and when Daru asks â€Å"’Is he against us?’†, Balducci replies with â€Å"’I don’t think so. But you can never be sure’† (56). Daru suddenly feels wrathful towards the Arab and all men for their spite, hates, and lusts, isolating himself from others through this new hatred. Thus, Daru silently accepts the pistol that Balducci hands over to him, realizing that it could be of use in the future, possibly for murder. Daru’s flash of wrath passes qui ckly, though, and he stands fast on his resolution not to hand over the Arab, preferring to insult Balducci rather than violate his beliefs. Once Balducci leaves, Daru feels isolated, though the Arab sits on the floor, because he is afraid of the Arab who, â€Å"without stirring, never took his eyes off him† (58). This paranoiac isolation makes Daru stick the revolver in his pocket as a confirmation of his fear, similar to Oedipa Maas’ useless search for human companionship as a confirmation of her isolation.

Martin Luther King, Jr.: Dreaming a Reality

Thesis:Martin Luther King was a leader that was born in a segregated world but was determine to change it so everyone live in a equal nation. And he did this by his words and action that don’t need any bloodshed. He used brain over bronze to accomplish what he set out to do. Martin Luther King jr. was as born as a middle child in Atlanta Georgia in January 15th 1929 into a family which was actively involved in the civil right movement. Martin father and grandfather was lead preacher at Ebenezer Baptist Church. Martin Luther King mother was a teacher and thought him how to read, she also try to taught Martin about prejudice and the Jim Crow law that separated Black and White . Martin father was preacher , and was strong Blackman who help black get job and black teacher that same pay as white teacher. Martin got married to Coretta Scott in Alabama in June 18, 1953. Martin Luther King Jr. had four children Yolanda Denise, Martin Luther III, Dexter Scott, and Bernice Albertine. Martin Luther King began his education at Yong Street Elementary School in Atlanta, Georgia he attended Booker-T Washington High and later on graduated and went to Morehouse College with a scholarship from his high because he got an high school entrance examination he even skip ninth and twelve grade he entered at age fifteen. He graduated collage with a Bachelor of Divinity in sociology King then began doctoral studies in systematic theology at Boston University and received his Doctor of Philosophy on June 5, 1955. Martin inspiration was a civil rights leader, theologian, and educator Howard Thurman who was actually Martin father friend use to mentor The Kings and his friend. King played a big role in the founding of Southern Christian Leadership Conference in 1957; this organization was created so non-violent black people to protect. King also organized and led marches for the right to vote, desegregation, and labor rights in addition to basic civil rights. One of Martin most famous rallies(marches) was the March On Washington where lack people from all over the nation came together to fight for their God given right at that event their were many speeches given one of them was the famous â€Å"I Have A Dream Speech† all this was held August 28, 1963. Other things you might find interesting about that event was that their wasn’t only black people their even white that had the same mind set as black were their trying to fight along with them for civil right and what they believe in . There were performance by Gospel legend Mahalia Jackson who sang â€Å"How I Got Over†, also musician Bob Dylan performed several songs, including â€Å"Only a Pawn in Their Game. Their criticism from many people and this might even surprise that â€Å"black nationalist Malcolm X, in his Message to the Grass Roots speech, criticized the march, describing it as â€Å"a picnic† and â€Å"a circus†. The March on Washington isn’t the only event that happen for the civil right of the black, another event that happen was a Boy Cott which Martin Luther was still a pastor back then, well by now you are asking what really happen to cause that Boy Cott?. And the answer was that a African-American amed Rosa Park who was an seamstress came from a hard day of work and went to the back of the bus and a white told her to get up so he can sit there and she refuse for doing that she arrested for this anger was spark in the Alabama community. And so a meeting was called by the black community and an overflow crowd came to Ebenezer Baptist church for a meeting concerning Rosa Park situation and so Dr. King told them the only way that they could them was to Boy Cott the bus company. So on Dec. 5, the African-American residents of the city refused to use the buses. Most walked, those few with cars arranged rides for friends and strangers, some even result to even riding mules. Only a very few numbers of African-Americans rode the bus that day. Martin Luther king gave a lot of speeches such as the famous â€Å"I Have a Dream†, â€Å"The Purpose of Education† speech, and his other famous â€Å"Nobel Prize Acceptance Speech† and I See the Promised Land (a. k. a. I've been to the Mountain Top) which was his last speech. The â€Å"I Have a Dream† speech was famous because King talk about the dream he has for the nation and the peech goes like this I have a dream that one day this nation will rise up and live out the true meaning of its creed: â€Å"We hold these truths to be self-evident: that all men are created equal. † I have a dream that one day on the red hills of Georgia the sons of former slaves and the sons of former slave owners will be able to sit down together at a table of brotherhood. I have a dream th at one day even the state of Mississippi, a desert state, sweltering with the heat of injustice and oppression, will be transformed into an oasis of freedom and justice. I have a dream that my four children will one day live in a nation where they will not be judged by the color of their skin but by the content of their character. I have a dream today. I have a dream that one day the state of Alabama, whose governor's lips are presently dripping with the words of interposition and nullification, will be transformed into a situation where little black boys and black girls will be able to join hands with little white boys and white girls and walk together as sisters and brothers. I have a dream today. I have a dream that one day every valley shall be exalted, every hill and mountain shall be made low, the rough places will be made plain, and the crooked places will be made straight, and the glory of the Lord shall be revealed, and all flesh shall see it together. This is our hope. This is the faith with which I return to the South. With this faith we will be able to hew out of the mountain of despair a stone of hope. With this faith we will be able to transform the jangling discords of our nation into a beautiful symphony of brotherhood. With this faith we will be able to work together, to pray together, to struggle together, to go to jail together, to stand up for freedom together, knowing that we will be free one day. This will be the day when all of God's children will be able to sing with a new meaning, â€Å"My country, 'tis of thee, sweet land of liberty, of thee I sing. Land where my father’s died, land of the pilgrim's pride, from every mountainside, let freedom ring. † And if America is to be a great nation this must become true. So let freedom ring from the prodigious hilltops of New Hampshire. Let freedom ring from the mighty mountains of New York. Let freedom ring from the heightening Alleghenies of Pennsylvania! Let freedom ring from the snowcapped Rockies of Colorado! Let freedom ring from the curvaceous peaks of California! But not only that; let freedom ring from Stone Mountain of Georgia! Let freedom ring from Lookout Mountain of Tennessee! Let freedom ring from every hill and every molehill of Mississippi. From every mountainside, let freedom ring. When we let freedom ring, when we let it ring from every village and every hamlet, from every state and every city, we will be able to speed up that day when all of God's children, black men and white men, Jews and Gentiles, Protestants and Catholics, will be able to join hands and sing in the words of the old Negro spiritual, â€Å"Free at last! Free at last! Thank God Almighty, we are free at last! † This speech was the captivate the nation because of the words behind that it meant behind it. Martin Luther King Jr. as such a hard worker and a strong believer of equality and worked so hard on his nonviolence protect for civil right that he was even recognize as a modern prophet and even a modern day Moses. For all his hard work he was given the most honorable reward of all time which was the Noble Peace Prize on December 10, 1964 this prize which is only given to a person that done the most or the best work for fraternity between nations, for the abolition or reduction of sta nding armies and for the holding and promotion of peace congresses when Martin receive his prize he gave a very good acceptation speech. Unfortunately on April 4, 1968 while Dr. King stood on a Memphis motel balcony probably taking a fresh breath of air was shot with a sniper bullet and died on the spot the shooter James Earl Ray was opposite of Martin Luther King’s Jr. motel where it was easy to aim and shoot at king . James Earl Ray was arrest in London at a airport, on March 10, 1969, Ray entered a plea of guilty and was sentenced to 99 years in the Tennessee state penitentiary. Even though the killer was found and punished it wasn’t even to filled the sadness in people hearts. Dr. King’s death wasn’t only a family issue it was a nationwide issue because he was a Great man who was trying to make the world a better place for every race. Conclusion: Dr. Martin Luther King Jr. was black man who was born into unequal world but tired his all best to change it without bloodshed he was willing to die for his believes. He was even critics by many people that don’t have the same mind set as him; his life and family life were put in danger but No that didn’t stop him he kept moving on. Like the old saying goes â€Å"Every charitable act is a stepping stone toward heaven† and Martin did a lot for us and gave us a big push toward equality so he probably in his grave or in heaven smiling down at the nation because his dream finally came to pass.

I Am Interested At The University Of Florida - 1497 Words

1. Here at the University of Florida I am majoring in Economics. This field interests me because I have always had an analytical mind which is needed in the economic field. A main component of the field is to be able to problem solve as well as to use analytical skills in order to make decisions. This aspect has always interested me because I find myself able to think clearly when analyzing and interpreting data. Though, I enjoy challenging myself which occurs often in the process of problem solving. I also am interested in the field due to the many job opportunities that the major presents because I value having options. There are a variety of jobs ranging from corporate to small business and even government based where titles include analyst, consultant, economist and research assistant. 2. Five years from now in my professional future I will just be beginning my career in the business field hopefully with an economic specialty. I hope to be starting a job where I can begin to obtain credibility through my work ethic and interpersonal skills. Through this job I hope to achieve upward mobility in the company I am working for and not be threatened by a glass ceiling. The company I see myself working for is the Central Intelligence Agency as an economic analyst. Yet, I always have a backup plan, so in five years I could also ideally see myself working for Boeing as an economic analyst sales support. 3. Before I graduate I need to gain a substantial amount of experience toShow MoreRelatedI Am Born With Multiple Birth Defects, Including A Cleft Palate1670 Words   |  7 PagesI was born with multiple birth defects, including a cleft palate. These defects required me to need several surgeries throughout my childhood. This experience introduced me to the medical field early on and started my passion for pursuing a career in the discipline. 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