Accounting Hw1 - 1167 Words

15.515: Financial Accounting Fall 2012 Problem Set 2 Question 1. Understanding Walmart’s financial statements In this homework we will ask you a series of questions related to revenue recognition based on Wal-Mart 2012’s Annual Report (posted on Stellar ~/Materials/Financial statements used / discussed in class). The goal is to become familiar with real financial statements. 1. How much net sales did Walmart generate for the fiscal period ending on January 31, 2012? $443,854M 2. What was the balance of Walmart’s accounting receivables as of January 31, 2012? $5,937M 3. What was the balance of Walmart’s allowance for doubtful accounts (ADA) as of January 31, 2012? $323M 4. Assume that Walmart wrote-off†¦show more content†¦Throughout this question, ignore all of Groupon’s costs other than the $150 paid to the merchant. The offer is announced on August 1st and it requires 100 customers to purchase the deal so that the deal goes through. For all of the questions below, if no transaction should be recorded, please explain why. 1. On August 2nd, there are 50 customers that agreed to purchase the deal. Based on Groupon’s revenue recognition policy described above, use the balance sheet equation (BSE) to record the transaction that Groupon would record on that date. No transaction, because the â€Å"gt;100 customer† criteria hasn’t been met. 2. On August 5th, Groupon has sold 200 Rock Climbing packages for cash. Based on Groupon’s revenue recognition policy described above, use the balance sheet equation (BSE) to record the transaction that Groupon would record on that date. In recording this transaction, assume that Groupon does not pay the merchant until a later date. Asset Liability Equity Cash A/P R/E +60k +30k +30k Below is an excerpt from Groupon’s 2011 Annual Report posted on Stellar ~/Materials/Financial statements used / discussed in class)) about its merchant payment policy. ------------------------------------------------- Merchant Payments ------------------------------------------------- Under the redemption payment model, which we utilize in most of our international operations in conformity with local market practice, merchantsShow MoreRelatedInvestment Analysis Course4863 Words   |  20 PagesUNIVERSITY OF MASSACHUSSETS DARTMOUTH College of Business Department of Accounting and Finance Fall 2011 COURSE: Investment Analysis, FIN 383-Section 01, TR 12:30-1:45 Class location: Science Engr 118 PREREQUISITES: FIN 312 and junior standing INSTRUCTOR: Duong Nguyen, Ph.D. Office Room 220, College of Business Phone (508) 999 – 8070 Email dnguyen2@umassd.edu Tuesday 3:30-5:00 pm Thursday 3:30-5:00 pm Wednesday 11:00-12:00 and 1-5pm and also by appointment OFFICE HOURS: COURSE DESCRIPTION

Descriptive Essay about Nature. How to Express Natures Beauty Best

There are so many aspects in the world of flora and fauna that expressing its gorgeousness by means of printed words might take hours, days, weeks, even months and still it wont be enough! Well point out the key elements you should stick to while producing this type of essays. Lets begin! The easiest way to work on an essay is to describe what you already know. The nature stuff is no different. In case youre a big city resident, the museum of natural history or the nearest zoo will be a perfect place to get detailed information on nature. Plenty of possibilities are waiting for you in your own back yard or in the city park! If you have an opportunity to admire springtime in your grandpas farm, watching goats, horses and chickens going through their everyday life it will certainly make your project more alive! If youre offered to observe how the offspring is delivered do not hesitate to describe it within your assignment! Reproduction is what impresses us the most in all living creatures and it will add up more special effects to what you have to say about the world of nature. Farms are perfect to observe the world of greenery, from a tiny seed to abundant harvest! Any time of the year will provide you with a lot of inspiration for a solid essay about natures beauty. Just take a walk along a summer beach and listen to the sounds of the sea. Wander through the woods to observe the life cycle that makes natures so breath-taking. Autumn leaves turn to red and orange, and slowly fall to the ground, making an amazing carpet. Winter takes you to the fantasy world with the first snowflakes, if you know how to look at them! It feels like the current of life stops under the snow blanket to be born once again with the first warmth of the spring sun! Spring will let you display the beauty of nature in the most favorable view! Trees and plants refresh the air with fantastic and wonderfully intoxicating perfumes the likes of which you cannot be found anywhere else. If you prefer to get information from your own impressions your project will always turn to be inspiring and full of life. Nature, after all, is a really intriguing and wonderful topic from the first paragraph to the last dot!

Analysis Of Paul Lisicky s A Little Murder And Bunny

Paul Lisicky is an American author who bases many of his stories on human struggles, death, and anger. He is known for his fiction and his memoirs. Lisicky was born and raised in Cherry Hill, New Jersey. He earned his master’s degree in English from Rutgers. He has taught creative writing at several universities, such as New York University, Sarah Lawrence College, and Cornell University. Lisicky has received many awards from the National Endowment for the Arts, the James Michener/Copernicus Society and the Fine Arts Work Center in Provincetown. Lisicky stories have become quite popular, such as â€Å"Beachtown†, â€Å"A Little Murder†, and â€Å"BUNNY†. They are all completely different stories, which do not relate to one another, but they are all equally good stories to read. Lisicky focuses on stories that have a very dark and complicated life. Character One of Lisicky writing piece who has a strong connection to character development was â€Å"Beachtown† talks about a lady named, Ruby. Ruby is the main character and according to the story, there is evidence that she might be someone who thinks negatively about everything in the world. An example of her thoughts would be in the first few sentences, â€Å"The birds can go elsewhere. The maritime forest? Let it burn to the ground. The palms along the causeway can go up with it. The spiders, the fleas, the rats, the snakes: any living creature that lives in the leaves. They can burn up too.†( At the end of her thinking process, Lisicky

Early Renaissance Essay Example For Students

Early Renaissance Essay Early Renaissance Early Renaissance: Music, Architecture, Paint! The Early Renaissance followed the middle ages and was from 1400 to 1600 time period. The Early Renaissances were mainly located in Italy, but they are also located in most of Europe. In this area Music, architecture, and painting became very huge ideas. The literal meaning of the word Renaissance is rebirth. The idea of rebirth applies to the music of this period. A main characteristic was the rebirth of humanism, which is a way of looking at our world, emphasizing the importance of human beings, their nature, and their place in the world. We will write a custom essay on Early Renaissance specifically for you for only $16.38 $13.9/page Order now During the Early Renaissance vocal music was more important than instrumental music, and composers during that period wrote music to enhance the meaning and emotion of the work. Renaissance composers often used word painting, a musical representation of specific human emotions. Word painting was used in madrigals, which is a piece that matches the word of the song with a musical setting. (Early Renaissance 2) For example if the text had words like Rising, flying or soaring then the music would be fast upward scales. (Stockade, Marilyn and Michael W. Scooter) The Protestant Reformation actually helped the Catholic Church begin to let the Mass become more active with polyphonic hymns. The musical boundaries were expanded because the invention of printing led to a larger distribution of the text. Even though the church grew towards easier hymns music still gradually move to a secular way of creating music. . Music is an ever-evolving genre and the Renaissance showed that in a matter of 200 years one could create new volumes of the Mass and still come to understanding that secular songs can be a part of worshiping. From plainchant to polyphony then to homophony are very big steps in the way of Just rhythm and flow. The Renaissance had many artists that provided visual motivation for many composers to write great pieces of art. One of the most influential artists was Leonardo dad Vinci who is still famous 500 years later. He helped to create three- dimensional representation and started to work with oils that showed off the lighting and shades of great art. The talent was so large that he could create a self-portrait with such detail, that many thought that he couldnt have painted it himself. One of Leonardo dad Vines great works of art is the Mona Lisa. The Mona Lisa is one of the most iconic paintings in our world today; even though t was painted in the sixteenth century. The painting is a half-length portrait painting and depicts a woman whose facial expression is frequently described as enigmatic. Some also believe that the slight smile is an indication that the figure is hiding a Through the paintings of the Early Renaissance time period; you could see many great things beginning. They showed how they used the skill of color. To make things more detailed. They also began to use textures, shapes, space to enhance their pieces of art. Some areas of the Renaissance; when painting would express the tartar world, as well as the spiritual and social systems in the world at their time. As the time of the Renaissance went on they began to enhance their work by making them more lifelike, and using greater detail in the living things in their work. During this time is when the painting style of Flemish began. Flemish style of painting is expressing meticulous detail, as well as spiritual power. One of the most famous Flemish paintings is the Emerged Altarpiece. The piece is 2 feet tall by 3 feet wide, which is quite small piece of work. The annunciation of the painting shows aspects of a normal household, that many feel are religious meanings as well. An example of the religious values in the painting is the lilies on the table, this represent Marry virginity. Another example is the hanging water pot. The pot represents Marry purity as well as her role in the incarnation of god in Christ. (Stockade, Marilyn, and Michael W. .u9f88df7da24a9a79a5a31534e3af3660 , .u9f88df7da24a9a79a5a31534e3af3660 .postImageUrl , .u9f88df7da24a9a79a5a31534e3af3660 .centered-text-area { min-height: 80px; position: relative; } .u9f88df7da24a9a79a5a31534e3af3660 , .u9f88df7da24a9a79a5a31534e3af3660:hover , .u9f88df7da24a9a79a5a31534e3af3660:visited , .u9f88df7da24a9a79a5a31534e3af3660:active { border:0!important; } .u9f88df7da24a9a79a5a31534e3af3660 .clearfix:after { content: ""; display: table; clear: both; } .u9f88df7da24a9a79a5a31534e3af3660 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u9f88df7da24a9a79a5a31534e3af3660:active , .u9f88df7da24a9a79a5a31534e3af3660:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u9f88df7da24a9a79a5a31534e3af3660 .centered-text-area { width: 100%; position: relative ; } .u9f88df7da24a9a79a5a31534e3af3660 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u9f88df7da24a9a79a5a31534e3af3660 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u9f88df7da24a9a79a5a31534e3af3660 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u9f88df7da24a9a79a5a31534e3af3660:hover .ctaButton { background-color: #34495E!important; } .u9f88df7da24a9a79a5a31534e3af3660 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u9f88df7da24a9a79a5a31534e3af3660 .u9f88df7da24a9a79a5a31534e3af3660-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u9f88df7da24a9a79a5a31534e3af3660:after { content: ""; display: block; clear: both; } READ: Renaissance and Baroque comparisonScooter pig. 294-295) The painting also have numerous other symbolizing ideas. Most painters in this time would disguise their symbols. The meaning of the symbols to the person looking at the painting would always be obvious; due to the religious aspect of the painting. (Stockade, Marilyn, and Michael W. Scooter pig. 97) Although painting was a huge aspect of the renaissance it wasnt the only. Architecture was also a huge aspect in their time period. One of the most famous works of architecture is the Dome of Florence Cathedral. The original plans for the dome were approved in 1294, but they ran into some political view issues. The issues stopped the work on the dome until 1357, what is there today is what was mostly constructed in 1357. (Stockade, Marilyn, and Michael W. Scooter pig. 307) The dome represents a gothic construction based on the pointed arch. The dome uses internal ribs to support the vault. It has an octagonal outer shell and lower inner shell, which are connected through a series of horizontal sandstone rings. (Stockade, Marilyn, and Michael W. Scooter pig. 306) When they were constructing the dome they built it layer by layer, because each section of the dome reinforces another part. To this day the dome has no external support keeping it up; this Just goes to show how great the interior structure of the dome is. Also to this day, the dome still is the source of tremendous local pride for the many people. Although music, painting, and architecture were huge for the Early Renaissance it wasnt the only thing. Tapestries were also huge during the time of the Early Renaissance. A tapestry is a textile fabric with pictures or designs formed by weaving colored weft threads or by embroidering on canvas. They were used for wall insulation as well as for decoration. You would find them mostly on castle, church, or municipal building walls. Tapestries were much more expensive than a painting; so this would also show how wealthy a person was. Very few times were tapestries made from Just wool; they were often made from gold and silver colored silk that metals back. That is why to this day not many tapestries are around. Throughout many different tapestries were numerous amounts of symbols for things. The Early Renaissance had many great tapestries, but one of their greatest is the series of Hunt for the Unicorn. The best example is Unicorn is Found. Due to the great condition the tapestry was kept, we are able to see the great color fabrics and the foliage of it. The unicorn is seen as a horse like figure that is very fast. It was also only to be captured by a virgin. The unicorns horn was believed to be an anecdote for poison. For example in the tapestry the unicorn dips his horn into the stream to riff the water that is in the fountain. The animal symbol in this tapestry became a symbol of incarnation and a symbol for romantic love. (Stockade, Marilyn, and Michael W. Scooter pig. 303) Throughout the Early Renaissance time period were many great ideas from, tapestry, music, painting, to Architecture. Just look at our world today; we still have all of these things. They may not be quite the same as they were back then, but the Early Renaissance set the structure for all those ideas. All of those ideas even today are evolving, and they will forever be evolving. The Early Renaissance time was where it had all began.