Background Smooth Sailing is a private company that operates one cruise ship. Recently‚ pirate activity in the area where the cruise ship operates has increased‚ thus affecting the cruise ship’s potential future cash flows. The cash flow decline has directly contributed to a decline in the overall fair value of the cruise ship. Smooth Sailing has determined three possible options for its future‚ along with the probabilities of occurrence and estimated cash flows (ECF): 1. Continue operating
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Memorandum In our recent meeting‚ you told us how Smooth Sailing’s business was affected by the presence of pirates in your area of operation. The pirates caused a decline in the fair market value of the cruise ship and you contacted our firm to determine how to test the ship for recoverability and the amount of impairment loss (if any). We used the Financial Accounting Standards Board’s (FASB) Accounting Standards Codifications (ASC) 360 – Property‚ Plant and Equipment to conduct our tests for
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It starts out rough at first‚ a struggle‚ fighting the thing that is ultimately supposed to help you‚ you’re blinded by a clear force of nature‚ and then‚ all of a sudden‚ everything becomes simple. You’re gliding on top of what once held you down; you’ve conquered your oppressor. You’re riding the “wave” of life‚ controlling everywhere you go‚ you’re on top of the world! But the only problem with being at the top of the world is that there is only one way left to go. Down. You can never tell what
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Teenagers Ahead A difficult problem is happen when teenagers are driving. Driving age should not be lowered because teenagers are irresponsible when they are driving. Teenagers do not worry about the risk that they could suffer while they do no follow the law. Therefore‚ if driving age is lowered‚ teenagers could be expose a danger situations. Even though some believe that driving age should be lowered‚ I believe that it should not be lowered for three reasons. My first reason that I am an
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1. Banking o In finance‚ banking refers to the activities of banks and related organizations. Banking organizations include commercial banks‚ central banks‚ investment banks and any other institution that lends money‚ including credit unions and credit card companies. Good dissertation banking topics examine how banks create and maximize wealth through loans and other financial instruments. Examples include loan risk assessment models‚ money creation and fractional reserve banking. Corporate Finance
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WATER‚ WATER EVERYWHERE Prepared for Prepared by Water makes up almost 70 (seventy) percent of the human body and without it‚ it has been said that the body cannot be sustained and would therefore perish. Every nutrition class or article that I have ever read‚ has always touted water as the “elixir of life”. In my humble opinion that makes water a basic necessity for the sustainment of life and the access to free water a basic right for all people. However‚ if the water was on pre-owned property
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Case Study Analysis Paper (Rough Draft) Case Study Analysis Paper (Rough Draft) How do you make sure that you are prepared early so that you are not running around at the last minute? Many people work at different skill levels and also can handle pressure differently. In order to ease the process it is usually better to keep ahead by preparing the things that are needed in advanced rather than waiting till the last minute. Knowing these types of skills also allows for people to work with less
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Botswana: A Diamond in the Rough The Harvard Business School case study “Botswana: a diamond in the rough” deals with various reasons how Botswana became within 40 years the most successful economy in Sub-Saharan Africa. The case study leads through Botswana’s history before the colonization by the British Empire until today‚ stating several factors which made Botswana more successful compared to it’s neighbour countries in Sub-Sahara Africa. Within only 30 years a very rapid economical growth
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organisational structure is the process of arranging people and other resources to work together to accomplish a goal (Schermerhorn‚ 2011). However‚ what happens when there is no organisational structure? This is the theme of the “Valve Steams Ahead” case study in which this report is assessing. Using peer-reviewed sources and other research‚ an analysis will be made of Valve Software’s operations regarding their flat‚ unstructured organisational structure. This report will examine Valve’s emergent
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a wild ride ahead The energy and resources industry can expect a wild ride in coming years as the standard-setters turn their attention to this sector. Story Debbie Smith CA The energy and resources sector‚ despite its status as a globally important industry‚ has received little specific attention over the years from the standard-setters. Recent proposals from the International Accounting Standards Board (IASB)‚ its interpretations committee (IFRIC)‚ and even the Australian Government
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