A. Firms with lower effective tax rates were found to have a higher proportion of leased debt to total assets than did firms with higher effective tax rates. Some lease agreements are in-substance long-term installment purchases of assets that have been structured to gain tax or other benefits to the parties. Since leases may take different forms, it is necessary to examine the underlying nature of the original transaction to determine the appropriate method of accounting for these agreements. That is, they should be reported in a manner that describes the intent of the lessor and lessee rather than the form of the agreement.…
When the Challenger blew up 73 seconds after launching the Challenger disaster happened on 28, this led to the departure of seven individuals and $3 million worth of gear was dropped. The tragedy happened because of an error using the O rings, as they failed to seal sufficiently, this induced fires in the Solid-Fuel Rocket Boosters (SRB) to burn up straight onto the outside container. The danger had been recognized by the technologist of Thiokol before Opposition had been released, but the…
The sequence of events that led to the bad decision on the part of NASA’s base lie in economic, political, and scheduling backlog pressures. Competition from the European Space Agency put NASA under pressure to come up with a space mission, which would hopefully shed light on the ability of NASA to plan commercialized space departures. NASA also had to prove that its program should continue to be funded; another unforeseen pressure pushing NASA to schedule its record number of Space exploration trips that year than in any other year. Also, the space shuttle mission scheduled before the Challenger had been delayed over and over; a record number of times. The next mission after the Challenger involved a probe being sent into space in order to evaluate Haley’s Comet. If the Challenger and subsequently the next mission were not executed in a timely manner then a doppelganger probe from Russia would beat the U.S. probe to Haley’s Comet. Pressure to launch the challenger, as soon as possible, could have also come from President Reagan’s upcoming State of the Union Address in which he would be mentioning the first teacher astronaut in space. All of these beforehand mentioned pressures led to bad engineering design, and timing, which ultimately led to the failure of the Space Shuttle Challenger mission. In order to evaluate and correct…
Joniya was seen unsupervised walking towards the WIC office in which she had to cross a busy street. Joniya had no shoes on and her family was not aware that she had left the home until notified by DHS staff. DHS staff was informed by another DHS staff member that the child was seen walking from the home. The mother stated that she was asleep and that her other children were supposed to be watching the child. This family has been involved with DHS in the past and has had an open case. The child was unsupervised outside the home and had wandered away from the home.…
Shortly after the disaster, Reagan appointed William P. Rogers (known as the Rogers Commission), to investigate the accident. They wanted to know what or who was responsible for…
Janis points out that a leader may unknowingly constrain group. Group-think is a natural outcome when faced with pressure from above. Is it possible that some of these subtle constraints also existed at NASA resulting in group-think? With the Challenger explosion, one has to look at some of the key reasons that led to the disaster. As documented by the commission, there was not necessarily conflict at NASA or at Morton Thiokol, but more a hesitancy to “raise a red flag.” Questions were raised, but the flag was not waved high enough. During the course of the investigation, it was discovered that NASA and Morton Thiokol had vigorously debated the wisdom of operating the shuttle in the cold temperatures predicted for the next day. The investigation also revealed a NASA culture that gradually began to accept escalating risk, and a safety program that was largely silent and ineffective (CAIB, 2003, p. 25). The argument between Morton Thiokol and NASA regarding launch-time temperatures should have resulted in an investigation. It appears the decision to launch in colder temperatures was brought about by feelings of invulnerability due to the success of the Apollo program, as well as the fact they had flown previously in somewhat similar conditions. NASA management still pushed to meet its schedule, and subconsciously relegated safety and quality to a minor role. During the per flight…
The Chase, Maryland, train wreck occurred at 1:04 p.m. on January 4, 1987, on Amtrak's Northeast Corridor main line in Chase, Maryland, at Gunpow Interlocking, about 18 miles northeast of Baltimore. Amtrak Train 94, the Colonial, from Washington, D.C., to Boston, crashed into a set of Conrail locomotives running light which had fouled the mainline. Train 94's speed at the time of the collision was estimated at about 108 mph. Fourteen passengers on the Amtrak train were killed, as well as the Amtrak engineer and lounge car attendant.…
4. How much additional capital (Debt and/or Equity) will the company have to raise from outside sources in 2012 if it invests in this capital project, and follows a residual dividend policy?…
In the poem "After the Disaster" by Abigail Deutsch she expresses the thought that things could be worse in someoneone's life and that many different things may come up and impact your life. I believe the primary feeling of the poem would be a little depressed and sad just based off of what all she talks about along the story and by the words she uses to describe this "disaster." But throughout the poem the author, Deutsch, uses sound, symbolism, and metaphors to convey the idea that many different things can have a huge impact on your life.…
By examining this further, we will look at the lives of the seven who died in…
On September 11, 2001 there was a terrible attack in United States in New York City and the Washington, D. C., which was launched by the Islamic terrorist group called al- Qaeda. On that Tuesday morning al-Qaeda hijacked four planes which were crashed into the World Trade Center North Tower, South Tower and the pentagon.…
Then, go to www.vision2learn.com and send your completed Assessment to your tutor via your My Study area – make sure it is clearly marked with your name, the course title and the Unit and Assessment number.…
Can you imagine being in one of the most devastating hurricanes ever well that’s what the people in New Orleans went through? In this essay I will talk about hurricane Katrina that took place in the New Orleans. In my three paragraphs in paragraph two I will talk about who, what, when, where, why, how, in paragraph Three I will talk about who it effected who it I going to affect and why it is important, and why it was important and in paragraph four I will talk about facts, and in five I will talk about my opinion about the article.…
The Cold War extended from a period which started at end of the Second World War (1945) until the fall of the Soviet Union in 1989. During this time there was a sustained state of political and military tension between the two different world powers, NATO (Mainly led by the United States and its Western allies), and the Eastern European Block (led by Soviet Union, its mainly communist and socialist allies). It is defined as “a state of tension between states, which behave with great distrust and hostility towards each other, but do not resort to violence” (Lippmann 1947) by the famous Cold War historian, Walter Lippmann. A central question in the historiography of the Cold War is simply, who was to blame for the cold war? This is one of the most controversial debates in world history. There are mainly three differing “schools” of thoughts about the origin of this conflict: “orthodox” explanations, “revisionism,” and “post-revisionism.” The orthodox view mainly blames the Soviet Union for starting the…
In my opinion I believe that both of the doctor’s should be held liable due to the fact that Dr. Cohn gave a…