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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Re: Impairment Testing We are writing to you regarding the inquiry we received over the possible impairment of your cruise ship. Our response was formulated using our extensive knowledge of the U.S. Generally Accepted Accounting Principles and referring to ASC 360-10 over the testing of impairment. After preforming recoverability tests‚ we have concluded that your cruise ship is impaired‚ and an impairment loss of $1.6 million should be recorded on December 31‚ 2010. In the second scenario‚ the
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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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Diamond in the rough Why Master P is set apart from all the other hard-core rappers? He owns his own music company and built his empire around No Limit (the hottest in the business). He was almost a NBA player‚ and he owns his own line of dolls (the Master P doll). His company makes a net worth each year of $361 million. His record company sold 26 million records in 1998‚ more then any other rap company. He also has made a lot of money in staring and directing in movies that profit at
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An 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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Corey MacDougall Eng. 300 Research paper 11/8/06 Rough "Draft" The constant threat of a military draft has been plaguing in the back of young peoples ’ minds since the terrorist attacks of 9-11. Now with the increased tension of North Korea‚ prolonged war in Iraq‚ and the all volunteer military struggling to make recruitment numbers‚ the draft seems almost inevitable. But is that a bad thing? In order to create equality in our military‚ save tax payers ’ money‚ and end the war in Iraq
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Spring Days Ahead Spring is a magical season for me. I love the sound of birds chirping‚ the smell of rain in the air‚ and the vibrant colors of the flowers starting to bloom. It awakens the senses. The winter cold is gone‚ yet the unbearable heat and humidity of summer in the south has yet to arrive. I love that daylight savings time puts an end to the long dark evening hours of winter. The phrase "spring forward" is a reminder to set our clocks ahead one hour during spring. Springing
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Go ahead- NOTES FOR ROLE PLAY Recession The transport group behind nearly a third of UK rail journeys suffered a profits fall as the double-dip recession hit demand for one of its key commuter lines. Go-Ahead said operating profits at its rail arm fell 17 per cent to £40 million in the year to June 30‚ with its Southern franchise‚ which connects Brighton and much of Sussex with London‚ seeing revenues at the end of the period 2 per cent weaker than it forecast when it bid for the franchise in
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