The Baron Coburg Case Once upon a time many‚ many years ago‚ there lived a feudal landlord in a small province of Westerns Europe. The landlord‚ Baron Coburg‚ live in a castle high on a hill. He was responsible for the well-being of many peasants who occupied the lands surrounding his castle. Each spring‚ as the snow began to melt‚ the Baron would decide how to provide for all his peasants during the coming year. One spring‚ the Baron was thinking about the wheat crop of the coming growing
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1. Whose financial statements should we prepare (e.g.‚ the baron‚ vassals‚ farms‚ etc..?) Solution: The financial statements will be prepared for “Vassals” i.e. for Ivan and Frederick and additionally for “Baron”. 2. What financial statements should we prepare? Solution: The financial statements which should be prepared are as following: Income Statement Statement of Retained Earnings Statement of Cash Flows Balance Sheet 3. What period do these statements cover and
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1. Whose financial statements should we prepare (e.g.‚ the baron‚ vassals‚ farms‚ etc..?) In this case I believe the financial statements should be prepared for each Farm (Piece of Land). My reasoning for this is that each section of land is the entity that is generating the ‘product’. The Vassal is acting as the resource that is managing it. In a current context‚ one would produce financial statements for a company (the Farm in our case) and not the individual resource or resources in control of
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Conclusions I am concluding that Frederick is the better farmer/businessman. When comparing the financials of the two farmers‚ Frederick’s consistently demonstrated higher production per acre of land allotted him. Ivan ended up with higher net income and more assets at the end of the year‚ but when calculated into common terms was actually less productive overall. Finding of Facts. Since the two farmers were not given equal plots‚ in order to make them comparable a common factor must be used in
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Baron Coburg (from Anthony‚ Reece‚ and Hertenstein‚ 1995‚ “Accounting: Text and Cases”‚ p. 21) Once upon a time many‚ many years ago‚ there lived a feudal landlord in a small province of Western Europe. The landlord‚ Baron Coburg‚ lived in a castle high on a hill. He was responsible for the well-being of many peasants who occupied the lands surrounding his castle. Each spring‚ as the snow began to melt‚ the Baron would decide how to provide for all his peasants during the coming year.
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The Red-Bearded Baron Once upon a time many‚ many years ago‚ a feudal landlord lived in a small province of Central Europe. The landlord‚ called the Red Bearded Baron‚ lived in a castle high on a hill. This benevolent fellow took responsibility for the well-being of many peasants who occupied the lands surrounding his castle. Each spring‚ as the snow began to melt‚ the Baron would decide how to provide for all his serf dependents during the coming year. One spring‚ the Baron was thinking about
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The Baron and His Baroness Before he left for a visit to his outlying districts‚ the jealous Baron warned his pretty wife‚ “Don’t leave the castle while I am gone‚ or I will punish you severely when I return!” But as the hours passed‚ the young Baroness grew lonely‚ and despite her husband’s warning decided to visit her lover who lived in the countryside nearby. The castle was located on an island in a wide‚ fast-flowing river‚ with a drawbridge linking the island to land at the narrowest point
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Savannah Noss Period 1 3/2/13 APUSH Robber Barons‚ a term used in the late 1800’s and early 1900’s to describe a businessman who made an enormous amount of money‚ today we would call them billionaires. It was not really the fact they made a myriad of wealth‚ it was more the way they made it. In all the cases the acquiring of wealth was done in what was considered a ruthless manor and unscrupulous ways. A robber baron was more interested in acquiring wealth than the safety of his employees
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Baron Haussmann Born on March 27‚ 1809 from a Protestant family with origins from Germany‚ Baron Georges-Eugene Haussmann was a French civic planner who is known for the rebuilding‚ hero‚ and destroyer of Paris‚ France. He gained much of his education from the College Henry IV. From College Henry IV he studied law while simultaneously attending classes at the Paris conservatoire of music. In 1830 Haussmann became what was known as the sous-prefet of Nerac and in 1853 Haussmann was chosen by
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The red baron This is the story of Manfred Von Ritchofen a German 24 year old man‚ which in 1916 goes to war like many thousands of young men. He was a fight pilot that really fasts becomes famous because his victories. He and his friends‚ had their own code of honor characterized by an athletic ambition‚ an obsession with technology and chivalrous respectability. They decorate their airplanes with a variety of motifs. Manfred’s paints his airplane red‚ at first his superior are not happy with
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