Case 12-9 Rough Waters Ahead Smooth Sailing is a private company that operates one cruise ship. Smooth Sailing’s purchase of the cruise ship was financed with nonrecourse debt. (Nonrecourse debt is a loan that is secured by a pledge of collateral‚ in this case the cruise ship‚ but for which the borrower is not personally liable. If the borrower defaults‚ the lender can seize the collateral‚ but the lender’s recovery is limited to the collateral.) The cruise ship has its own identifiable cash flows
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student is employed‚ they can take classes online that allows the student to work at their own pace and on their own schedule. Although the online education seems like more freedom and an easier way to obtain a degree‚ the online education world takes far more discipline and the responsibility to thrive in the class work falls solely on the student. It is up to the student to participate and build relationships with the class mates. Traditional education is for the traditional student
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+971.4.457.5800 Fax: +971.4.457.3164 Email: spedub@spe.org Moscow Office Office hours: 0900–1700 (GMT+4) Monday–Friday Perynovsky Per.‚ 3 Bld.2 Moscow‚ Russia‚ 127055 Tel: +7 495 937 42 09 Email: spemos@spe.org VOL. 9 // ISSUE 2 // 2013 What’s Ahead Perspective from TWA’s editor-in-chief‚ Todd Willis. TWA InterAct Responses to TWA content sent via social media. TWA Interview Dueling points of view from Ben Ayliffe‚ head
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“Advertising has gone too far and is now a necessary evil.” This essay will discuss the topic “advertising has gone too far and is now a necessary evil”‚ especially referring to advertising directed at children. For the sake of this essay‚ “advertising” is defined as any public promotion of something‚ mainly products directed at children. “Gone too far” is defined as crossing the line of moral values and is now harming the safety and welfare of society. “Necessary” is defined as needed and inevitable
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Freedom is Slavery. Ignorance is Strength” A Dark Future Ahead a Comparison and Contrast of 1984 and Fahrenheit 451 When discussing the topic of censorship by government in the future‚ one would most likely reference the two novels 1984 by George Orwell and Fahrenheit 451 by Ray Bradbury both portray a similar dystopian theme. Both of these novels center around the same idea of a grim future ahead of society and imply the same plot of the ability to control
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The first poem by Rumi that I read was entitled "An Empty Garlic". The title threw me off at first‚ since it goes into this whole thing about an old woman‚ who the narrator is trying to discourage his friend from going after. "Tasteless fig‚ fold over fold‚ empty as dry-rotten garlic." This line finally made the title ring through the piece‚ which tied up a loose end for me. I kind of agree with Rumi‚ though how could a person desire a woman that is described by this quote? Think about how rancid
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Big Brother Has Gone Too Far ?If you have nothing to hide‚ you have nothing to fear‚? some people claim about the National Security Agency (NSA)(?Surveillance?). The Fourth Amendment protects United States citizens against ?unwarranted searches and seizures? (Jefferson). However‚ a short history of laws‚ including the Patriot Act‚ takes away many of these protections. The government has more freedom to spy on people than ever‚ even people that have no hard evidence linking them to crimes. The
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the motion of an object Formulas used : F=ma 3. Given: the graph Required: a. How far ahead of the police car was the speeding car when the chase began? b. What was the speeding car’s velocity during the first 14 s of the chase? c. How far did the speeding car travel before stopping? d. What was the average velocity of the police car during the pursuit? e. What was the police car’s velocity at t = 10.0 s? f.
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TrueBlood Case – Rough Waters Ahead 1. How should Smooth Sailings’ management perform the recoverability test for the cruise ship as of December 31‚ 2010? In addressing this question‚ consider: The following are the required steps to identify‚ recognize and measure the impairment of a long-lived asset (group) to be held and used: Step 1: Indicators of impairment — FASB ASC 360-10-35-21 “A long-lived asset (asset group) shall be tested for recoverability whenever events or changes in circumstances
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MEMO To: Smooth Sailing From: The consulting group Date: May 6‚ 2012 ------------------------------------------------- Subject: Recoverability/Impairment of cruise ship ------------------------------------------------- Facts: Smooth Sailing is a private company that operates one cruise ship. Smooth Sailing’s purchase of the cruise ship was financed with nonrecourse debt. The cruise ship has its own identifiable cash flows that are largely independent of the cash flows of other asset groups
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