Math126 Week 3 Quiz

Date Taken: 3/7/2013 Time Spent: 2 h , 11 min , 30 secs Points Received: 20 / 20 (100%) Question Type: # Of Questions: # Correct: Multiple Choice 20 20 Grade Details – All Questions 1. Question : The difference between the ages of two friends is 37 years. The sum of their ages is 55 years. Find the age of the older friend. Student Answer: 46 9 47 45 Instructor Explanation: See section 8. 2 of the textbook. Points Received: 1 of 1 Comments: 2. Question : Which of the following is not a way to name the angle shown? Student Answer: Instructor Explanation: See section 10. 1 of the textbook. Points Received: 1 of 1Comments: 3. Question : The triangles in the figure below are similar. Use the proportional property of similar triangles to find the measure of x. Student Answer: 34. 2 km 29. 2 km 25. 2 km 19. 2 km Instructor Explanation: See section 10. 2 of the textbook. Points Received: 1 of 1 Comments: 4. Question : Determine whether or not the network is traversable. Student Answer : No, it is not traversable. Yes, it is traversable. Instructor Explanation: See section 10. 7 of the textbook. Points Received: 1 of 1 Comments: 5. Question : Find the slope of the line passing through the points (0, -4) and (-6, 7).Student Answer: 11/6 -11/6 -6/11 6/11 Instructor Explanation: See section 8. 1 of the textbook. Points Received: 1 of 1 Comments: 6. Question : Identify angles 2 and 7 as alternate interior, alternate exterior, corresponding, or vertical. Student Answer: Alternate exterior Vertical Alternate interior Corresponding Instructor Explanation: See section 10. 1 of the textbook. Points Received: 1 of 1 Comments: 7. Question : Classify the triangle according to sides. Student Answer: Scalene Isosceles Equilateral Instructor Explanation: See section 10. 2 of the textbook. Points Received: 1 of 1 Comments: 8.Question : Find the vertex of the parabola. y = -2Ãâ€"2 + 12x – 13 Student Answer: (5, -3) (-3, 5) (3, 5) (5, 3) Instructor Explanation: See section 8. 5 of the textbook. Points Received: 1 of 1 Comments: 9. Question : What is the definition of sin A for the following triangle? Student Answer: Instructor Explanation: See section 10. 6 of the textbook. Points Received: 1 of 1 Comments: 10. Question : A tent is shaped like a pyramid. It has a square base measuring 8 feet on a side and a height of 6 feet. What is the volume of the tent? Student Answer: 512 ft3 128 ft3 16 ft3 32 ft3 Instructor Explanation: See section 10. of the textbook. Points Received: 1 of 1 Comments: 11. Question : Find the measure of the supplement of 58 °. Student Answer: 32 ° 148 ° 302 ° 122 ° Instructor Explanation: See section 10. 1 of the textbook. Points Received: 1 of 1 Comments: 12. Question : Evaluate the function f(x) = -x2 + 5 for x = 4. Student Answer: -9 -10 -12 -11 Instructor Explanation: See section 8. 5 of the textbook. Points Received: 1 of 1 Comments: 13. Question : The difference between the ages of two friends is 2 years. The sum of their ages is 74 years. Find the age of the older friend. Student Answer: 38 36 39 37Instructor Explanation: See section 8. 2 of the textbook. Points Received: 1 of 1 Comments: 14. Question : Find the slope of the line passing through the points (-3, -10) and (4, 5). Student Answer: -15/7 -7/15 15/7 7/15 Instructor Explanation: See section 8. 1 of the textbook. Points Received: 1 of 1 Comments: 15. Question : Classify the angle as acute, right, obtuse, or straight. Student Answer: Obtuse Right Straight Acute Instructor Explanation: See section 10. 1 of the textbook. Points Received: 1 of 1 Comments: 16. Question : Identify angles 4 and 5 as alternate interior, alternate exterior, corresponding, or vertical.Student Answer: Corresponding Alternate interior Vertical Alternate exterior Instructor Explanation: See section 10. 1 of the textbook. Points Received: 1 of 1 Comments: 17. Question : Determine whether or not the network is traversable. Student Answer: No, it is not traversabl e. Yes, it is traversable. Instructor Explanation: See section 10. 7 of the textbook. Points Received: 1 of 1 Comments: 18. Question : Determine whether the system is consistent, inconsistent, or dependent. 3x + 2y = 15 6x + 4y = 30 Student Answer: Consistent Dependent Inconsistent Instructor Explanation: See section 8. of the textbook. Points Received: 1 of 1 Comments: 19. Question : Determine whether or not the relation is a function. {(1, 9), (2, 10), (3, 11), (4, 12)} Student Answer: No Yes Instructor Explanation: See section 8. 5 of the textbook. Points Received: 1 of 1 Comments: 20. Question : Determine whether the system is consistent, inconsistent, or dependent. 3x – 3y = -9 9x – 9y = -27 Student Answer: Consistent Dependent Inconsistant Instructor Explanation: See section 8. 2 of the textbook. Points Received: 1 of 1 Comments: * Times are displayed in (GMT-07:00) Mountain Time (US & Canada)

Funeral Oration of Pericles Essay

In the reading of the Funeral Oration of Pericles, I do not believe what Pericles says about Athens. I believe he made his speech to boost morale for his people and for the soldiers, and to keep the war going. In the Funeral Oration of Pericles, they were there to honor the fallen soldiers and to have a burial for them, but Pericles made it about the war. He used it to boost morale for the soldiers, to get them excited and to give them a reason to keep fighting, he also used it to give a reason behind the war to the citizens. It was a political move on its own. These tactics are still used in the world today, such as the war in Iraq and Afghanistan and as far back as the Gettysburg Address. Pericles believed that personal glory was one of the rare things you could have, and fighting in the war and giving your life for your city was one of the highest glories you could bestow, so therefore he glorified the war not the people that lost their lives fighting in it. Pericles was trying to persuade the people that the war was worth people losing their lives over and that there was a meaning and cause for it. The funeral oration can be seen in the world today with the war in Iraq, where the President gives the speeches about why we are fighting in a war, the reasons and the cause, which is really not known today, such as weapons of mass destruction, it was said that Iraq possessed these and come to find out they had none, so many people lost their lives for what reason? There was hype, and glorification given to the men and women that fought, to boost their morale and for them to know they were doing something that helped the country. The President tried to persuade the citizens with his speeches that it was just and there was a reason for the war. In conclusion, the question asked was do I believe everything Pericles says about Athens in the Funeral Oration. The answer to that would be no. I do not believe that Pericles was there to honor the fallen soldiers. I belie ve he was there to persuade the citizens and the soldiers that what they were doing was right and was just and if they continued then they would be glorified.

Dividend Policy and Share Price Essay Example | Topics and Well Written Essays - 1500 words

Dividend Policy and Share Price - Essay Example Empirical studies however showed mixed evidence, using the data from US, Japan and Singapore markets. A number of studies found that stock price has a significant positive relationship with the dividend payment [Gordon (1959), Stevens and Jose (1989), Ariff and Finn (1986), and Lee (1995)], while others found a negative relationship [Loughlin (1989) and Eastonand Sinclair (1989)].Before we have a look at the factors which affect the dividend of the company, we must give a list of few factors involved with the firm in deciding the dividend policy which are:-1.  Legal Constraints. 2.  Contractual Constraints3.  Owner Consideration4.  Market Consideration5.  Tax ConsiderationsA company can pay dividends in either of the two ways:-1.  Cash Dividend2.  Stock DividendIn both the cases mentioned above, in ideal market, there should be no consequence of the dividend declaration.   The former has been discussed earlier whereas in the case of the latter, the market generally ma kes the requisite correction.   If a company XYZ declares a share dividend of 1:1 (i.e. 1 extra share for every single share held) and the current market price is $10 then after the record date, the share price must ideally come to $5 keeping the market capitalisation as constant.The important factors which specify the dividend policy of a firm are:-1.  Payout – High/Low2.  Whether a formal policy on stable dividend has been drafted3.  Stock dividendsThe primary objective of the dividend policy is to decide upon the excess liquidity.

The Divine Command Theory Essay Example | Topics and Well Written Essays - 500 words

The Divine Command Theory - Essay Example The stronger version holds that moral behavior is good in itself, as such, we should live in a particular manner since God wills it. Similar to the weakest version, this entails the only religious believers need to concern themselves with moral accountability. The strongest version asserts that moral behavior is good because it is willed by God. ("Faithnet") The divine command theory is said to have been disproved by the Euthyphro dilemma, dubbed after Plato's dialogue, which goes: "Are morally good acts willed by God because they are morally good, or are they morally good because they are willed by God" ("Philosophy of Religion") If one accepts the first argument that morally good acts are willed by God because they are morally good, the independence problem arises. This means that the argument itself is inconsistent with the theory since moral value becomes independent of God's will. ("Philosophy of Religion") On the other hand, should one hold the second argument that morally good acts become such because they are willed by God, then problems pertaining to arbitrariness, emptiness, and repugnant commands are contended with? The arbitrariness problem stems from the argument that the divine command theory seems to attribute morality only on God's whims.  Ã‚  

Theoretical Position. Standards for Evaluating Theories Essay

Theoretical Position. Standards for Evaluating Theories - Essay Example On the other hand, epistemology deals with the scope and nature of knowledge. Standards for Evaluating Theories There are five standards for evaluating theories and they include scope, testability, parsimony, utility and heurism. In the assessment of the scope of a theory, one has to determine how much and how good a theory defines and explains. Testability is the second standard for evaluating theories; in this aspect the theory is investigated to know whether it is correct or not, or [if it is incredible such that it does not require to be tested] (Can this be reworded without the word "incredible" and "does not require" to be tested? Our text does not cover the concept of a theory being so incredible it doesn't require testing). A third standard for evaluating theories is parsimony; parsimony can be referred to as simplicity. In this context, the theory does not have to be complex. The fourth standard is utility; many people tend to think that theory as being academic and esoteric (when it can have a functional use). The last standard in evaluating theories is heurism. What is the heuristic value of the theory? In this context, one asks himself if the theory leads to new thinking or its contribution to the knowledge of something and if it offers us with the possibility of further investigation (Wood, 2004). Some of the standards or criteria are more important than others; this is because I think they are more subjective than the others. I believe scope, parsimony, and utility to be more important than the others. In the context of scope, some of the theories claim to define and offer an explanation to almost all features of mass communication (including the medium, the recipient of the media messages, the content and the communicator). There are theories that provide an explanation and a description of only one feature of mass communication. For instance, â€Å"feminist theories which although can cover the whole domain of mass communication, often only foc us on media content and the portrayal of women in media content† (Fourie, 2001, p. 46). When considering how well a theory defines something, one has to distinguish whether the theory offers a full or partial description of all the important aspects of the phenomenon. For instance, a theory can focus on all or partial aspects of mass communications process (medium, messages, communicator and recipient) (Fourie, 2001, p. 43). In regard to parsimony, it is thought that majority of the best theories are simple and they permit sound description and explanation. For example, the Roman Jakobson’s theory of communication functions has been used in many ways by a number of researchers to investigate the components of mass communication (Jakobson, Pomorska & Rudy, 1985, p170). In the context of utility, theories are supposed to possess practical importance in terms of the individual understanding of the phenomenon with the aim of managing the phenomenon and enhancing the phenome non. A theory assisting us in understanding how mass communication operates â€Å"can lead to our control of this phenomenon to the benefit of people and society† (Fourie, 2001, p57). Ontology Ontology can be defined as the division of philosophy that deals with the organization and the nature of being (Maedche, 2002, p56). In other words, it is a branch of philosophy that explains the characteristic and organization of the being. My ontological position is that the characteristics and organization

Brand Extension for Reducing Risks Essay Example | Topics and Well Written Essays - 2500 words

Brand Extension for Reducing Risks - Essay Example This dilemma has long stared the food industry in the face, this sector being made up mostly of small and medium-sized companies each with 20 or so employees. (The likes of McDonald's, Kentucky Fried Chicken and Kenny Rogers are the few notable exceptions.) Even so, the food sector is perhaps the most profitable and widely distributed industry in the world with, it is said, one food establishment to be found in every street corner. Economists have come to think of this industry as uniquely recession-proof, catering as it does to the most primal urge of man - the appeasement of hunger. During an economic crisis, people may forego acquisition of cars, appliances and cut back on their expenses for clothes and the like but food establishments will always draw them in. As a gold mine rich in business opportunities, it is said that all the food companies have accomplished at present is scratch the surface of this bottomless industry. Because of the food companies' size, the food sector has been described as a low-tech industry, with the lowest research-and-development to sales ratio. The industry's R&D to sales ratio is pegged at an average of only 1 per cent as against 12 per cent for the drug industry, 8 per cent for electronics and 4 per cent for motor vehicles (MAPP Working Paper 38, EU Concerted Action). This leaves much to be desired since R&D is crucial to achieving success in innovation, which in turn is necessary for making any company competitive. The said European Union study noted that a modern supermarket carries about 10,000 to 15,000 products at any given time with a yearly turnover of 10 per cent. One United Kingdom food retailer alone successfully introduced 1,500 new own-label products in 1993 to place the company ahead of its competitors. The conclusion is that introduction of new products is an "essential element of competition between food companies" and that innovation definitely gives them a competitive edge. Still and all, food companies operating on the economy-of-scale basis simply cannot afford the risks involved in diversification and innovation in the traditional sense. The advent of the brand extension concept gave these companies a way out of their problem by enabling them to develop new products without the attendant risks and extra costs. With brand extension, food companies found an effective strategy to reduce the risks of new product development. Brand extension is the use of an established brand name for a new product that is intended for another product category or class (Keller & Aaker 1992). Simply put, a brand extension is a product that carries the name of a known brand even as the new product fills a market need different from that of the parent brand. The idea is to ride piggyback on the name established by the parent brand so that the new product avoids the extra costs and risks inherent in coming up with a totally new consumer product. An entirely new product without the "symbolic" meaning of brands (i.e., company prestige, status and personality) to prop it up would be difficult to sell otherwise (Czellar 2003). The use of brand extension to good

An essay about Children of a Lesser God film Example | Topics and Well Written Essays - 750 words

An about Children of a Lesser God film - Essay Example A typical example of some of these basic characteristics is the influence of gender in communication. Gamble and Gamble (2007) in their book The Gender Communication Connection bring out some of the very peculiar gender characteristic concepts of communication. Interestingly, some of the core concepts in the books are also reflected in the film Children of Lesser God. Below are some of the discussions on the key concepts discussed in chapter five (5) of the book. One of the major concepts tackled by Gamble and Gamble (2007) is the issue of perception process. It is said that perception generally refers to how we see other people from our own point of view (Huggai, 2009). This is very much application in communication and influences communication greatly because â€Å"the way that you see people will greatly determine how you interact with them and what you will get from them† (Brewster, 2012). This means that perception has the power to start communication, sustain communication, as well as influence the input and outcome of a given communication. NOVA (2005) identifies three major processes in the perception process. These are selection, organization and interpretation. Gamble and Gamble (2007) adds a fourth dimension and this dimension is response. The most important fact however is that Gamble and Gamble (2007) looks at the perception process from a gender point of view, where they make it clear that men and women certainly have di fferent styles and approaches to reacting to the perception process and thus have different ways of listening. Hesper Anderson and Mark Medoff give a well illustrated format in the differences pointed by Gamble and Gamble (2007) are displayed by men and women in the film Children of Lesser God. In the film –as highlighted in the book, we see a very vast difference between how men and women perceive communication. This difference is further consolidated by the fact that even though the female role was being played by

Groups in Organisations Coursework Example | Topics and Well Written Essays - 1750 words

Groups in Organisations - Coursework Example communication skills, planning and management skills etc. Bruce W Tuckman has suggested a model of group development based on four stages. Here, I shall evaluate the process of group development at Sok-Fitness Center where I am a member of the marketing team. Sok-Fitness makes partners in the workforce, so I have a female colleague Sarah with whom I work. She makes the schedules, and I go and discuss the matters with the clients. The first stage of group development is of formation. This is basically the stage of understanding the need to form a group and integrating into it. People form groups in order to have a better understanding of who performs what in the course of achievement of the organizational objective. â€Å"†¦individuals are also gathering information and impressions - about each other, and about the scope of the task and how to approach it† (Chimaera Consulting Limited, 2001). Formation of a group unites people on one platform and they are able to avoid con flicts. Our group was formed by our manager, and the two of us were assigned our respective duties by him, so there were no misunderstandings. The second stage of group development is storming. This is the stage when people feel the need to conflict over issues of mutual interest or concern. Some people enter minor confrontations while others enter into severe kinds of conflicts. The level to which the conflicts storm up varies from one organization to another depending upon the culture and policies of an organization, yet it is never entirely inevitable. People look for rules to guide them on different matters. Sarah was a new employee and needed a bit of training before making the schedules. So in the start, she and I had had some misunderstandings. She referred me to various clients haphazardly. This was causing trouble. We consulted the manager. He told us that I can schedule for myself unless Sarah is sufficiently trained. The company organized one week’s training sessio n for Sarah after which she got skilled in making schedules. The third stage of group development is norming. This is the stage when the rules of engagement are developed. These rules help the people have a better understanding of their respective roles and responsibilities in the group. Once that is achieved, people perceive one another better and can appreciate one another’s skills and differences. However, after this stage, employees may become resistant to change because of their fear that the change might distort the group. We saw this stage after Sarah was trained. We did not have troubles thereafter. The manager asked us if we would like to exchange our roles, but neither of us opted for it. Performing is the fourth stage of group development and is rare to occur. This is a stage whereby every member of the group can emotionally connect with others and change the roles and responsibilities as per the need of the hour. This is a stage in which, the members entire effort is directed towards the achievement of the goal. We were fortunate enough to reach this stage. Q. 2 Some of the most common characteristics of a successful team are mission, empowerment, involvement, willingness to take risk, unity and change (Business Advantage International, 2008). Factors that can negatively affect the team include group think and dysfunctional conflicts. Several personality traits of individuals that make part of a team also have many positive and

Contributing factors to student achievement Essay Example for Free

Contributing factors to student achievement Essay In 2001, the No Child Left Behind Act placed even stronger responsibility on states to raise student performance. As a result of these accountability standards, states must now administer standardized tests to â€Å"measure adequate yearly progress† of all students (2001). They face costly federal mandates and must submit comprehensive plans. The federal law also focuses on narrowing the achievement gap between races. It requires that states monitor the performance of racial and economic subgroups and undertake corrective action in failing schools (Wong, 2004). †¦states are implementing policies that provide incentives to attract and retain teachers and increase student performance. Incentives are helping states recruit new teachers into the work force, attract persons from outside education, retain teachers in the classroom and support accountability programs that focus on school-by-school efforts to boost student achievement (Cornett and Gaines, 2002). Researchers examining student performance consistently find that one of the most important influences on student achievement is socioeconomic status (SES) of students. These findings give little comfort to educators in economically disadvantaged schools who are facing heavy pressure to improve performance and close the gap between minority and white students. Yet Verstegen and King (1998) claim that a growing body of research is using better databases and more sophisticated methodological strategies to provide evidence that school policies can make a positive difference in student outcomes. They also emphasize that resource patterns that optimize performance in one setting do not necessary work in others. Encouraged by this line of thinking, the researcher will investigate factors that may explain the differences in performances in schools that share a common socioeconomic context. Are there choices made by policymakers and administrators in economically disadvantaged schools that spark significant improvements in performance in these schools? In this study, the researcher will assume the significance of SES or â€Å"input† factors in explaining achievement, and the researcher considers the impact of other factors over which schools have some control. Impact of Process Variables Although the statistical models will include measures for SES (percent of economically disadvantaged students and percent white students), the focus will be on process variables. The latter include those variables that school systems more or less control. The researcher categorizes these variables into three general areas: 1) school class size 2) school policies and 3) proven effective programs to increase student reading proficiency. One of the most controversial characteristics of schools is the amount of students per teacher (FTE). Production function research on the effects of school size has been inconclusive, and both sides have their advocates. Supporters of small schools contend that students get more attention, school governance is simpler, and teachers and administrators are more accessible to parents. Noguera (2002) states that in high schools where the majority of low-income students of color are achieving at high levels the one common characteristic is the small size of the schools. Lee and Burkam found that students are less likely to drop out of schools with fewer than 1,500 students (2003). However, others argue that large schools are able to offer students a wider range of educational offerings and services (â€Å"Still Stumped,† 2002). Recent research indicates that the effects of school size may depend on the SES of students. Findings show consistently that the relationship between achievement and socioeconomic status was substantially weaker in smaller schools than larger schools, that is, students from impoverished communities are much more likely to benefit from smaller schools. On the other hand, a positive relationship exists between larger schools and the output measures of affluent students (Lee and Smith, 1996; Howley and Bickel, 1999). Because this study will examine the performance of economically disadvantaged students, the researcher expects to find a negative relationship between school size and achievement scores. That is, the larger the school, the less likely students are to achieve on standardized tests. The relationship between class size and positive student achievement is another relationship that has been closely studied. In 2000, Congress allocated $1. 3 billion for class size reduction as a provision of the Elementary and Secondary Education Act (ESEA) (Johnson, 2002). Most of the studies that examine the effect of class size on student performance have focused on primary schools. One of the largest and most scientifically rigorous experiments was the 1985, Tennessee’s Student Achievement Ratio (STAR) study. The STAR project provides compelling evidence that smaller classes can improve student achievement, especially in primary schools, which could have lasting effects (1985). The four year longitudinal study focused on classes in Tennessee and consisted of grades kindergarten through third. Classes of thirteen to seventeen students were compared to classes of twenty-two to twenty-six students; of the total classes, some had just one teacher and some had a teacher and aid. Phase one included over three hundred classes and a total of 6500 students (1985). The result after four years was positive support for the reduction of classroom sizes which proved to have positive effects on student achievement. Some critics have pointed out the limitations of project STAR (Vinson, 2002). A couple of limitations listed in a report by Tony Vinson in 2002 were: 1) limiting sample of certain cultural groups 2) schools volunteered to participate in the study, suggesting they had motivation to use innovative teaching practices. In 1996, Mostellar, a statistician, reported; â€Å"the Tennessee Class Size study demonstrates convincingly that student achievement is better in small K-3 classes and the effect continues later in regular-sized classes (1996). In a follow-up study, Nye, Hedges and Kontantopoulos (1999) found that students of smaller class size continued showing significant advantages over students of regular-sized classes, throughout school, to graduation. These students demonstrated higher grades, took more challenging classes, had better graduation rates and were more likely to go on to college (Vinson, 2002). Wisconsin’s Student Achievement Guarantee in Education (Vinson, 2002), began in the 1996-1997 school year and was expanded in 1998-1999 and again in 2000-2001 (Wisconsin Dept. of Public Instruction). The objective of the program is to improve student achievement through the implementation of four school improvement strategies: class sizes no more than 15:1 in grades K-3; increased collaboration between schools and their communities; implementation of a rigorous curriculum focusing on academic achievement; and improving professional development and staff evaluation practices. Schools in SAGE have renewable 5-year contracts with the state and get state aid equal to $2,000 for each low-income child in the grades served by the program. During 2005-06 495 schools participated in SAGE (up from 30 when the program began). Just over 93,000 K-3 pupils were served. State funding, which was $4. 5 M in 96-97 will be $98. 6 M in 2006-07. A few districts are also benefiting from a state categorical aid program created in 1999 to help schools pay debt service on the cost of new classrooms built to accommodate SAGE (DPI).

How to Reload Ammunition with a Progressive Press

How to Reload Ammunition with a Progressive Press Introduction In todays society, hunters and recreational shooters have the ability to reload their own ammunition. By doing this, people save a significant amount of money when compared to continually buying boxes of new ammunition. The cost, at first, for all the equipment is very high, such that it could deter people from reloading. The reward is when people buy the necessary supplies in bulk which is cheaper per round when the remanufacturing process is complete. Figure 1 depicts a multi-stage (progressive) press that is used by avid outdoorsmen. It is the top-shelf press which is more expensive. However, it is more efficient. Figure 1: Multi-Stage (Progressive) Reloading PressSource: Types of Presses. Ultimate Reloader. January 2009. http://ultimatereloader.com/wp-content/uploads/2009/01/progressive_press1.jpg Preparation Contrary to popular belief, the preparation stage begins while at the shooting range or while participating in any event that requires a firearm. While people shoot their guns at the shooting range, all of the expended rounds fall to the ground. The expended rounds are then picked up and assessed for damage by the person that will be reloading them. Cracked and/or bent casings will not be used as it allows for an additional liability when firing the cartridge after reloading. The most important part to collecting expended brass is to ensure that the shooter gathers the right caliber of casing. The stage continues as the shooters get back home. All of the collected used casings are loaded into case feeder with the primer of the casing facing down. The selected Die is loaded onto the top of the press. The gunpowder is measured for precision and accuracy before it is placed into the housing. With all of the components setup and in place, the next step is ready. Ready, Set, Reload! After all of the hard work has been done in preparation, the next step is to reload the rounds. The progressive press is the most desired press due to its ability to multi-task. The casings are dropped down the case feeder primer first onto the shell plate.ÂÂ   The shell plate has five (5) notches cut out of it to hold the casings in various stages of the reloading process. The person reloading pulls the handle down which turns the shell plate. Once the first round enters the shell plate and is turned, it goes to the first stage which is the primer stage. Here, the press punches the old primer out of the casing and prepares the casing for a new primer. While the first round is at this stage, a second casing is in the notch behind it getting ready for the said process. The person then pulls the handle down again and puts the first casing into the second stage which is where the casing gets a new primer. The second casing had the old primer removed from it and there is now an old casing getting ready for primer removal behind it. The person pulls the handle downward again and puts the first casing into the gunpowder stage. Here, the shell plate raises the casing into the die for gunpowder to be dispersed into the casing. The amount of gunpowder that falls into each casing is pre-determined by the user. Once the handle resets in the up position, the shell plate lowers and makes the casings ready for the next stage, whether coming into or leaving the gunpowder stage. The second round now has a new primer. The third round has been stripped of its old primer and an additional old casing has been added to the shell plate. The person will then pull the handle down which initiates the final stage: pressing the bullet into the casing. As the handle goes downward, the plate raises. Before the plate raises all the way up into the caliber die, a bullet must be hand-loaded onto the top of the casing. Once the bullet has been placed, the user then completely lowers the h andle which presses the bullet into the casing. When the handle is in the up position, the shell plate drops. A new bullet has been made. The second casing now has gunpowder in it. The third casing now has a new primer. The fourth casing has been stripped of its primer. An additional casing has been added to the first notch in the shell plate. When the user pulls the handle downward, the entire cycle has been completed. The finished casing falls into a round catch where it can be examined. The second round is getting ready for a bullet to be pressed into it. The third casing has had gunpowder added to it. The fourth round has a new primer. The fifth round has had its old primer punched from its casing. Conclusion Although the process of reloading ammunition appears to be very tedious and difficult, with some experience on the equipment anyone could do it. The equipment is designed such that it allows shooters and hunters to be successful when reloading their own ammunition while also remaining safe both during the reloading process and firing the reloaded ammunition. The different stages of the press as stated above all serve a very crucial part in manufacturing ones own ammunition. As the casings turn, they progress towards something bigger, hints the name progressive press.

Conditions for Malo-lactic Fermentation With Flavour Profile

Conditions for Malo-lactic Fermentation With Flavour Profile Describe the conditions necessary for the successful completion of a malo-lactic fermentation with a desirable flavour profile. MUGAMBHIKA.M.N ABSTRACT Malolactic fermentation (MLF) is a biological process that is initiated in the winemaking process to produce premium quality of wines. The conversion of L-Malic acid to L-Lactic acid by lactic acid bacteria (LAB) will have a direct effect on the wine produced in terms of quality. MLF increases microbial stabilization, sensory attributes of the wine by reducing the acidity level in the wine(Versari et al., 1999). Desirable attributes such as honey, vanilla and smoother taste in wine has been reported by several studies which is linked to the enzymatic activity of Lactic acid bacteria during Malolactic fermentation (Là ³pez et al., 2011). During alcoholic fermentation, the wine becomes hostile for Lactic Acid Bacteria, due to the presence of high ethanol content, SO2 and other chemical residues released by yeasts. But at a controlled level, they could be made optimum for Malolactic fermentation. The species of Lactic acid bacteria assisting spontaneous fermentation belong to the Oenococcus, Leuconostoc, Lactobacillus genera. Although, Oenococcus oeni are the predominantly used LAB. They are considered to be ideal for Malolactic fermentation due to its specific oenological properties like reduced production of acetic acid, presence of enzymes that enhances the aroma and flavour characteristics, decreased risk of wine spoilage(CHRIS POWELL, 2005, Chalfan et al., 1977). INTRODUCTION: Wine fermentation is an important process carried out by microorganisms like yeasts and lactic acid bacteria. Malolactic Fermentation (MLF) is the enzymatic conversion of L-malic acid to L-lactic acid and Carbon dioxide by lactic acid bacteria. The importance of MLF in commercial winemaking process is due to the biological deacidification reaction by the wine lactic acid bacteria (LAB) (CHRIS POWELL, 2005). Malolactic Fermentation occurs after alcoholic transformation predominantly by Oenococcus oeni species. The bacterial activity during fermentation and its quality depends on the wine. Chemical and physical composition of the wine control the survival and growth lactic acid bacteria in wines(Toit, 2011). Malolactic Fermentation has varied effects on wine flavour and aroma. MLF can either occur spontaneously in wine or by addition of starter cultures that are commercially available. With spontaneous MLF, there are different end results which is due to the native microorganisms that may occur immediately or few months after the completion of alcoholic fermentation. The indigenous microorganisms like lactic acid bacteria may start off from the vines and grape skin in the winery equipment. This leads to risks like increase in volatile acidity, delayed malolactic fermentation and development of unfavourable metabolites like biogenic amines. Biogenic amines affects the quality of wines and affect human health. These are primarily formed due to the decarboxylation of amino acids by Lactic acid bacteria(Solieri et al., 2010). This could be tackled by using a defined starter culture. In order to improve the quality of wine through MLF, wine makers prefer to inoculate grape musts or wine with lactic acid bacteria starter cultures. These are commercially available in freeze dried form or fresh liquid forms. Although few winemakers prefer to use their own starter cultures by growing strains of lactic acid bacteria in diluted grape juice or wine(Bisson, 2004). Inoculated MLF: Inoculated starter culture in Malolactic Fermentation provides better control on the timing of fermentation process and the organisms present. Bacterial starter culture is more difficult to maintain than the yeast starter culture, because the medium needs to be completely sterile and there is a high probability of undesirable lactic acid bacteria occurrence. Fermentation occurs faster under high inocula. The percent inoculum that is needed to be used should be 1-50% depending on the vigour of culture(Semon et al., 2001). Spontaneous MLF: There are a number of risks associated with spontaneous malolactic fermentation. The timing of the process is sometimes uncontrolled and there is a higher threat of undesirable strains that could cause an off flavour in the wine. The timing of process is more certain for alcoholic fermentation than the MLF. This is due to the fastidious nature of bacteria occurring spontaneously in the fermentor(Solieri et al., 2010). The use of starter culture instead of native culture has been a widespread winemaking practice. Inoculated Malolactic fermentation increases the quality and safety of wine produced. On the other hand Spontaneous Malolactic fermentation sometimes increases wine spoilage and produces toxic metabolites like biogenic amines(Solieri et al., 2010). EFFECTS OF MALOLACTIC FERMENTATION: The main effects of Malolactic fermentation are Acidity reduction The deacidification is due to the reduction of net concentration of carboxyl groups. The reduction in acidity is important for high acid wines and may not be desirable in wines already with lower acidity. There is a decrease in titratable acidity by 0.01 to 0.03 g/L because of hydrogen ion fixation(Kurane and Ghosh, 2012). Bacterial stability Flavour changes Various studies have reposted on the specific sensory changes that occurs in wine production due to the malolactic bacterial enzymatic activity. The sensory attributes are strain dependent. In addition to acidity reduction, flavour characteristics of wine after MLF can be buttery, nutty, earthy and fruity. The desired flavour profile in wine can occur in wine after MLF due to the removal of existing flavour compounds and production of new aromatic compounds with better sensory attribute. THE grape and yeast derived secondary metabolites get modified to end products with better desired flavour compounds from metabolism of sugar and amino acids(Bartowsky, 2005). BASIC CONDITIONS NECESSARY FOR SUCCESSFUL MALOLACTIC FERMENTATION pH: MLF strains grow at pH 2.9-3.0. If the wines have a very low pH after the primary fermentation, it is required to consider the reduction of acidity before MLF initiation. It is also important to consider the formation of biogenic amines. MLF cultures grow well even in pH higher than 3.5. Although the risk of off flavour and production of undesirable taste and aroma components increase as the pH increases. Therefore it is needed to adjust the acidity and pH before malolactic fermentation if the pH is more than 3.7. Malate is catabolised at pH 3.2 The enzymatic conversion of L-malic acid to L-lactic acid is faster at a pH 3.5 and the conversion rate is lower at lower pH values. The pH tolerance also relates to the strain variation and viability(Comfort, 2011). Temperature: Temperature is an important factor for initiation or inhibition of Malolactic fermentation. The ambient temperature for the growth of malolactic bacteria is between 20 to 37 °C. At a temperature below 15 °C, the Malolactic bacteria are generally non-viable. Therefore warming down the wines to 18 °C will allow the growth of lactic acid bacteria. Red wines at a higher temperature are suitable for MLF with general recommendations between 18 22 °C. In traditional winemaking regions, MLF is initiated in spring where the wines are monitored for the formation of L-Lactic acid bacteria and thus warming down the fermentor to ensure timely completion of MLF (LOUBSER, 2005). Free SO2 : It is important to maintain Sulfur dioxide levels in malolactic fermentation. Sulfur dioxide is added to prevent formation of undesirable lactic acid bacteria. Most species of Lactic acid bacteria are more sensitive to Sulfur dioxide than Saccharomyces species. The free form of SO2 is responsible for inhibited the undesirable lactic acid bacteria. The free SO2 is dependent on pH. The typical range of sulfite that is required needs to be added for white wines are 20-30 ppm and 30-50 ppm for red wines(LOUBSER, 2005). Nutrient Composition: Lactic acid bacteria are more specific than yeasts and require additional micronutrients and growth factors. Availability of nutrients is essential for the malolactic conversion. Compared to yeast lactic acid bacteria also requires presence of additional amino acids. At the end of alcoholic fermentation, yeasts release amino acids and thus there is no limitation of amino acids during MLF. Autolysis of yeasts also increases micronutrient concentration. It has been reported that malolactic fermentation occurs better during pre-yeast fermentation or after the release of amino acids. However it limits the MLF when the lactic acid bacteria is added during the alcoholic fermentation. There are mixtures of lactic acid nutrients available commercially and it is required to time the addition of nutrients during the fermentation process(Torriani et al., 2011). Oxygen: Oxygen stimulates MLF. It is one of the growth factor for lactic acid bacteria. However, the effect of oxygen varies with different species as few LAB get inhibited by oxygen. Oxygen level needs to be at a controlled level as higher oxygen level may sometimes lead to the production of acetic acid and undesirable end products. There have been occurrence of acetic acid accumulation in the wine when the Malolactic enzymatic activity occurs before the alcoholic fermentation. This is reported to occur alongside the aeration of juice or grape must(Comfort, 2011). CO2 : Carbon dioxide stimulates MLF and helps with better vortex and mixing inside the fermentor. It also affects the buffering capacity of wine(Comfort, 2011). ADDRESSING ISSUES OF HIGHER OR LOWER ACID CONTENT: High level of acidity often occur in grape musts that are derived from grapes grown in cooler regions like France, Germany, cold regions of Australia. The wines made from these cold region vines, have improved flavour, microbial stability due to malolactic fermentation. Although sometimes the MLF may lead to excessive or lower acid content and sensory attributes(Massera et al., 2009). These issues can be addressed by two ways: The initial Malic acid level in the must needs to be estimated which will help choose specific maloalcoholic strains. with higher malic acid levels, maloalcoholic yeast strains works better in controlling the acidity level(Massera et al., 2009). There is another concern of development of excess diacetyl. The level of diacetyl increases by two metabolic pathways. One way they are formed is by metabolism of citric acid. Most wines have citric acid in them and some are produced even during primary fermentation. Hence by the end of Malolactic fermentation, the malic acid depletes and levels of diacetyl increase due to citric acid metabolism(Versari et al., 1999). During the citric acid metabolism, acetic acid is also produced that contributes to volatile acidity. One of the way to tackle excess diacetyl is by using malolactic cultures that have lower citrate metabolism like Lalvin MT01. Another way of which excess diacetyl gets produced is when the malolactic bacteria metabolizes malic acid. For example, in dry wines sugars like pentoses can be metabolized by lactic acid bacteria but cannot be yeast fermentable. Diacetyl is produced when these sugars are metabolized. This can again be prevented with regular monitoring of malic a cid levels and stabilize the process when they are reduced(Massera et al., 2009). During low acid conditions and high pH wines produced from warm climate vine, it is better to acidify the grape musts to favourable levels before primary fermentation. Malolactic fermentation of such low acid wines increases microbial stability and wine quality(LOUBSER, 2005). MLF MONITORING: Acidification of low acid musts is required for grapes and musts that are derived from vines of warm region. Adjusting pH and acidity before alcoholic fermentation is required. When Stronger acids like tartaric acid or DL- malic acid is used when the titratable acidity needs to be adjusted(Miller et al., 2011). Deacidification of musts with higher acid content Using engineered yeasts(Miller et al., 2011) CONCLUSION: To obtain a desirable flavour profile through malolactic bacteria, various factors are needed to be considered and observed. Wine should be present at a temperature of more than 15 °C and nutrients can be supplemented during the fermentation process. Because sometimes high solid content may halt the fermentation of wine. It is better to rely on a Malolactic inoculum rather than spontaneous initiation of Malolactic fermentation(Toit, 2011). The ethanol content should be regulated such that it does not inhibit the malolactic fermentation. It has been found that the lactic acid bacteria that grows in higher ethanol content will produce off flavours and unwanted end products in the wine. To summarise it is known that MLF can be stimulated by low or no use of free sulfur dioxide, warm temperatures, supplementing nutrients to the culture, lowering the ethanol content, adjusting the level of acid and pH range. REFERENCES: BARTOWSKY, E. J. 2005. Oenococcus oeni and malolactic fermentation – moving into the molecular arena. Australian Journal of Grape and Wine Research, 11, 174-187. BISSON, L. F. 2004. The Biotechnology of Wine Yeast. Food Biotechnology, 18, 63-96. CHALFAN, Y., GOLDBERG, I. MATELES, R. I. 1977. ISOLATION AND CHARACTERIZATION OF MALO-LACTIC BACTERIA FROM ISRAELI RED WINES. Journal of Food Science, 42, 939-943. CHRIS POWELL, S. V. Z. A. R. D. 2005. THE MICROBIOLOGY OF MALOLACTIC FERMENTATION. International Journal of Food Microbiology. COMFORT, S. A. J. 2011. Malolactic Fermentation. KURANE, A. B. GHOSH, J. S. 2012. Malolactic fermentation of grape wine by Lactococcus lactis var cremoris NCIM 2402. International Food Research Journal, 19, 1767-1770. LÓPEZ, R., LÓPEZ-ALFARO, I., GUTIÉRREZ, A. R., TENORIO, C., GARIJO, P., GONZà LEZ-ARENZANA, L. SANTAMARà A, P. 2011. Malolactic fermentation of Tempranillo wine: contribution of the lactic acid bacteria inoculation to sensory quality and chemical composition. International Journal of Food Science Technology, 46, 2373-2381. LOUBSER, P. 2005. ENVIRONMENTAL FACTORS AFFECTING MALOLACTIC FERMENTATION. MALOLACTIC FERMENTATION IN WINE UNDERSTANDING THE SCIENCE AND THE PRACTICE. MASSERA, A., SORIA, A., CATANIA, C., KRIEGER, S. COMBINA, M. 2009. Simultaneous Inoculation of Malbec (Vitis vinifera) Musts with Yeast and Bacteria: Effects on Fermentation Performance, Sensory and Sanitary Attributes of Wines. Food Technology Biotechnology, 47, 192-201. MILLER, B. J., FRANZ, C. M. A. P., GYO-SUNG, C. DU TOIT, M. 2011. Expression of the Malolactic Enzyme Gene ( mle) from Lactobacillus plantarum Under Winemaking Conditions. Current Microbiology, 62, 1682-1688. SEMON, M. J., EDWARDS, C. G., FORSYTH, D. DINN, C. O. 2001. Inducing malolactic fermentation in Chardonnay musts and wines using different strains of Oenococcus oeni. Australian Journal of Grape and Wine Research, 7, 52-59. SOLIERI, L., GENOVA, F., DE PAOLA, M. GIUDICI, P. 2010. Characterization and technological properties of Oenococcus oeni strains from wine spontaneous malolactic fermentations: a framework for selection of new starter cultures. Journal of Applied Microbiology, 108, 285-298. TOIT, M. 2011. Lactobacillus: the Next Generation of Malolactic Fermentation Starter Cultures-an Overview. Food and Bioprocess Technology, 4, 876. TORRIANI, S., FELIS, G. E. FRACCHETTI, F. 2011. Selection criteria and tools for malolactic starters development: an update. Annals of Microbiology, 61, 33-39. VERSARI, A., PARPINELLO, G. P. CATTANEO, M. 1999. Leuconostoc oenos and malolactic fermentation in wine: a review. Journal of Industrial Microbiology Biotechnology, 23, 447.

Death Penalty Survey Essay -- Survey Death Penalty Essays

Death Penalty Survey It's my belief that people often lack enough information to have an informed opinion, but go ahead and give their opinions anyway. Given the time, money and desire to complete this survey again I'd change my approach. I'd attempt to educate them more on the subject by providing them some detailed information such as factual statistics on both the pros and cons of the death penalty. Thus providing them with a broader background relating to the subject. I feel that by providing factual statistics and historical data that it would greatly add to the validity of the survey. Of the many questions available to base my survey on, I chose "Are you in favor of the death penalty?". With this question I interviewed twenty-four people. I had to get their name, age, race, sex, marital status, birthplace, religion, and of course the answer to the question. Then with the results of the survey I wrote this composition. Two weeks ago my neighbor received an unfortunate phone call that his sister had been killed in a car crash. While traveling at a high rate of speed, three underage boys had broad-sided her as they proceeded through a red traffic light at eighty-five mile per hour. The boys had previously stolen the car and were being chased by the police. Besides my neighbor's sister, the front passenger in the stolen car was also killed. The driver and another passenger were only slightly injured. Initially my neighbor's father was not going to take any legal action against the boys or their families. That was until he found out there was both alcohol and a high-powered rifle in their vehicle. The driver of the car now faces two counts of murder as well as the death penalty. This event forced me to reflec... ...led I'd have to say "yes", but if it were someone else's "no"." Also two people surveyed were my neighbor and his wife. The neighbor whose sister was killed in the previously mentioned car crash. Without hesitation, they both responded with immediate "yes" answers. My immediate thoughts on their response was I wonder what their answer would have been prior to the accident. These two examples both support the fact that emotions really may play a part in our decision making process. In conclusion of this survey, I was not surprised at all by the outcome because I knew that it was going to come out this way. Doing this survey was a fun and interesting experience. It gave me an opportunity to speak with some people I haven't spoken to in a long time. It also provided me the opportunity to reflect on my decision on the question, "Am I in favor of the death penalty?"

Essay --

Modernization is define as the positive connotation used to changing society through bringing technologies, productions, and better standard of living for the process of development. Modernization theory was first emerged in Europe in the seventeenth century and has more or less influence Most of the countries became modernized through using appropriate and suitable form of modernization theories in their country. An example of countries that have applied well modernization theory and have succeed in achieving modernization is Turkey, however Afghanistan the country that have failed in processing modernization during reign of King Amanullah khan. This paper will intend to provide comparative analysis of state building and modernization in Afghanistan during King Amanullah Khan Regime and Turkey during Mustafa Kamal Ataturk. It will focus on cause and effect relation between different features of both countries such as, societal structure, geo-political position, and socio-economic as cause and political development as an effect that led to failure of modernization in Afghanistan and prosperity and success in turkey. Historical Background of Afghanistan: Afghanistan is a multi-ethnic society within an olden history started from 3000 B.C. It is a landlocked country which has been considered as an entryway or coli door for most of the invaders through history. Afghanistan as a country come to an existence in 1747 by Ahmad Shah Durani who led the foundation of first Durani Empire. Ahmad Shah was able to bring together different people from different ethnic groups to work as a one nation. Afghanistan as a modern state come to existence in the 19th century whereas this was the time when other countries in Asia, Africa, and Middle East w... ...started modernization process he faced opposition from a large number of uneducated people. Since he could not built schools or education institutions due to lack of luxury, people did not have the ability to understand and analyze his processes and became against him. Harrison has mentioned four stages of Barrington Moore’s theory of modernization the book of â€Å"the sociology of modernization and Development†. According to Barrington the first theory is â€Å"Organic Evolutionary mode†, the second is â€Å"conservative modernization†. Third one is â€Å"evolutionary modernization, and the last theory is â€Å"industrialization by formal and informal colonization†. If we apply the mentioned theories inAmanullah’s reforms the second one can be perfectly applicable, since Amanullah khan used led state modernization from top to down which can likely cause the society to upraise against it Essay -- Modernization is define as the positive connotation used to changing society through bringing technologies, productions, and better standard of living for the process of development. Modernization theory was first emerged in Europe in the seventeenth century and has more or less influence Most of the countries became modernized through using appropriate and suitable form of modernization theories in their country. An example of countries that have applied well modernization theory and have succeed in achieving modernization is Turkey, however Afghanistan the country that have failed in processing modernization during reign of King Amanullah khan. This paper will intend to provide comparative analysis of state building and modernization in Afghanistan during King Amanullah Khan Regime and Turkey during Mustafa Kamal Ataturk. It will focus on cause and effect relation between different features of both countries such as, societal structure, geo-political position, and socio-economic as cause and political development as an effect that led to failure of modernization in Afghanistan and prosperity and success in turkey. Historical Background of Afghanistan: Afghanistan is a multi-ethnic society within an olden history started from 3000 B.C. It is a landlocked country which has been considered as an entryway or coli door for most of the invaders through history. Afghanistan as a country come to an existence in 1747 by Ahmad Shah Durani who led the foundation of first Durani Empire. Ahmad Shah was able to bring together different people from different ethnic groups to work as a one nation. Afghanistan as a modern state come to existence in the 19th century whereas this was the time when other countries in Asia, Africa, and Middle East w... ...started modernization process he faced opposition from a large number of uneducated people. Since he could not built schools or education institutions due to lack of luxury, people did not have the ability to understand and analyze his processes and became against him. Harrison has mentioned four stages of Barrington Moore’s theory of modernization the book of â€Å"the sociology of modernization and Development†. According to Barrington the first theory is â€Å"Organic Evolutionary mode†, the second is â€Å"conservative modernization†. Third one is â€Å"evolutionary modernization, and the last theory is â€Å"industrialization by formal and informal colonization†. If we apply the mentioned theories inAmanullah’s reforms the second one can be perfectly applicable, since Amanullah khan used led state modernization from top to down which can likely cause the society to upraise against it

Preferred Learning Style Essay

Preferred Learning Style: Multimodal Grand Canyon University NRS-429V August 22, 2013 Today more adults are returning to school for continuing education. It can be very difficult to juggle a full time job, school work, and still find time to spend with the family. Time management is of the utmost importance in order to be successful in furthering education. A student knowing his or her learning style could be an important first step in being successful. Learning style is the way a person absorbs and processes information to be used at a later time. For a student, knowing his or her learning style will enable them to make the changes needed to improve their study habits. Neil Fleming, an educator, launched VARK in 1987. It is a questionnaire used to assess learning styles. The questionnaire is free for use in schools and universities. VARK is an acronym for Visual, Aural, Read/Write and Kinesthetic. Fleming states that it is not a learning style questionnaire, it provides feedback only on one’s preferred modes of communicating. (. There are critics of learning s tyles. This could be because it is difficult to measure learning. These critics say that knowing your learning style does not improve your way of learning and it is hard to dispute because there is no evidence to support this . However this learner feels that knowing her learning style will better enable her to adjust to the many demands of continuing education. Although there are four categories of learning preferences, there is also a multimodal learning preference. This preference integrates more than one preference of learning. Approximately 60% of any population fits into the category of multimodal learning preference (. This learner is a multimodal learner. Learners with multimodal preferences may adapt their mode of learning to the situation at hand. For example, if this learner is present in a class and the instructor is lecturing without any visual aids to assist in learning, then she may use the read/write learning style. She make take extensive notes in class then go back and read all of the notes later. One down side to this method of learning can be the time restraint. If there is a lot of material to cover over a short period of time, then this method may not be best. According to the questionnaire, this learner is multimodal, with read/write and aural as the stronger learning preferences. On this point she disagrees with the questionnaire, as she feels she is more visual than aural. She scored lower in kinesthetic but feels at times she is definitely a kinesthetic learner. It takes her back to her days in the military when the motto was â€Å"see one, do one, teach one.† This fits her especially when learning a new task, as she is very hands on. It goes along with the kinesthetic learner needing to do things in order to understand them. The questionnaire states that visual learner use pictures, posters, books with diagrams, graphs, and flow charts. They may also use different highlighters to emphasize different points. This learner does like the idea of pictures, slides, and flow charts but feels that graphs may be difficult to understand sometimes because the amount of information can be overwhelming at times. The multimodal learner can be placed in two categories. One category is the context specific learner. This type of learner chooses the mode that best fi ts the need at that specific time. Their scores on the VARK questionnaire are usually between 13 and 26. This learner tends to fall into this category now. The other category is the whole sense approach. This type of learner uses a number of their modes of learning in combination and their scores on the VARK questionnaire are usually above 30. One disadvantage of this may be that the learner may not fully understand new material. Initially when this learner first returned to school for her Associates Degree in Nursing, she was this type of learner. It did not take long for her to adjust her study habits and find a learning style that was better for her. For the online courses of this nursing program, this learner has used more of the read/write mode of learning. This has worked best for her because of the fast pace of the classes and the amount of material covered. She does use more than one mode of learning when the situation requires it, and she feels that will be the case as the school year continues. The VARK questionnaire was very interesting. This learner was surprised the learning styles could be assessed from only a few questions, but the results were fairly accurate. In this fast paced  course of study the learner feels that the results of this questionnaire and good time management will help her to be successful in this and upcoming classes. References Fleming, N. a. (2006). Learning StylesAgain: VARKing up the right tree!, Educational Developments . SEDA Ltd. Issue 7.4, 4-7. Reiner, C. &. (2010). The Myth of Learning Styles. Change. Retrieved from http://library.gcu.edu. VARK a guide to learning styles. (n.d.). Retrieved from http://www.vark-learn.com/english/page.asp?p=multimodal.

Indian Luxury Consumer Essay

The Indian Luxury Consumer: Rapidly maturing and looking for more Any study of the luxury market needs to conclusively address core questions around the luxury customer – Who, What and Where. To fully understand answers to these questions, we interviewed existing and prospective customers across various locations, income and age groups. We also interviewed industry leaders across all luxury categories on the Indian consumer and the changes that they have observed over the last few years. In this section, we shall provide answers to three basic questions: 1. What constitutes luxury in India? 2. Who is the luxury consumer? What has changed in the last 2-3 years? 3. How is the behavior of the luxury consumer changing? 4. What are their specific tastes and preferences? 5. Where do they make their purchase? Luxury in India – more aspirational luxury than ultimate luxury Industry leaders across categories believe that luxury is not only determined by price. Exclusivity is a far more important parameter for a product or service to be called luxury. As such customization, uniqueness, and even understatement is important. Design, use of exquisite materials, presentation and personalized service all contribute to luxury. Consumers also talk about exclusivity, uniqueness and appeal to personal taste. This is not as yet corroborated by increased sales of â€Å"ultimate and subtle† luxury products. The majority of the market is still far away from this definition and brand/logo/badge value drive luxury purchases very clearly. Size, flashiness, clearly visible logos, well known brand are the key considerations in the purchase. That said, traditional attributes such as high quality, heritage, longevity, the â€Å"stories† associated with brands are beginning to emerge as drivers of purchase. Bulk of the Indian market is still dominated by the more accessible and aspirational luxury products. Status – announcing your arrival into the elite segment of the society – is the biggest motivation still. The mindset is still that of an â€Å"aspirer† not that of a â€Å"connoisseur†. The Indian luxury consumer – new insights The Indian luxury consumer has been studied a few times now. Various segments have been identiofied by earlier studies. The old money/new money/gold cuffs/.. (Luxury Brands) and Industrialist/Corporate/Professional/ (Economic Times – A. T. Kearney India Luxury Review 2007). The focus of our consumer research was to find out how the consumer has evolved in the last 3-4 years. The accepted wisdom is that industrialists and traditionally wealthy families is the largest segment, senior corporate executives are a smaller but emerging segment and young professionals are entering the market. Our research has shown that by and large the consumer segments that constitute the bulk of the market have not changed significantly, although finer sub-segments are now more apparent: Medium size enterprise owners: This is the largest segment in terms of number – these are typically the medium enterprise owners – industrialists and traders who run businesses with revenues upwards of 50 cr. The source of their spending is the surpluses generated by the business. Many of these have grown as the economy grew rapidly in the last twenty years. Their wealth is their passport to the elite segment of the society and conspicuous consumption is their way of announcing it to the society. The children who tend to be second or third generation are the bigger spenders, having been educated abroad and hence familiar with brands and the luxury way of living. They are now educating and enticing their more conservative elder generation into spending. Interviews also reveal that those who generate cash need to necessarily spend it and luxury goods are a good avenue for spending. These are very frequent luxury consumers and consume the entire gamut of products and services and some assets like cars and real estate. These consumers shop around for deals and bargains, including international travel. Traditionally wealthy families / large industrialists: This group comprises two sub-segments – the first is the traditionally wealthy families – who have been consuming luxury for several decades and go for the finer things in life. The largest business houses in the country and historically wealthy Marwari, Gujarati, Parsi, Punjabi families epitomize this class. The other sub segment comprises the promoters of some very large businesses which have come up in the last two decades and have created disproportionate wealth very quickly. Builders, miners, diamond merchants, stock brokers, new age enterprise owners fall in this category. Many of them have migrated to the highest ladder of luxury consumption very quickly by acquiring yachts, jets, houses and really expensive cars. Corporate executives: Senior executives of corporate India who are paid in excess of Rs. 1 crore and bankers who earn big bonuses epitomize this category. These executives are well traveled and are aware of brands. Most of these are in their mid-late forties and represent some of the brightest minds in the country. Many of them though have come from middle class backgrounds and hence have a conservative approach on conspicuous spending. While they can well afford to spend, their propensity to spend is low. A gradual change is being seen as they see more and more of their compatriots spend. These consumers spend on some luxury products such as watches, accessories, select apparel, fine dining, international and domestic travel and high end cars. They also tend to shop on their frequent international trips to get the best deals. Self employed professionals: These comprise of professionals such as lawyers, doctors and architects: A small but niche segment, comprising the top stars in their profession, who have made it big. While many of these come from middle class backgrounds, they use their new found wealth to live a good life. They shop for the entire range of products and services although are found less often at the absolute top end of the ladder. Young professionals: Working in service industries – these earn the least compared to the others, but since they don’t have family responsibilities, the disposable part of the income is high. They are in tune with the latest fashion trends, travel abroad once in a while and believe in spending on what they fancy. They tend to consume entry level products and are infrequent consumers. Other segments: Expatriates: Expatriates in the country are growing and they are staying for longer periods: These are on expatriate packages and are accustomed to luxury consumption in other parts of the world. However most of these fly back very frequently and stack up on their luxury products need on these trips. Luxury services and assets (mostly cars) are influenced in a small way by this segment. The segment is definitely driving the increasing awareness and need for luxury products Politicians and bureaucrats: Interviews reveal that politicians and bureaucrats are a large segment for all luxury products, but have a much more pronounced preference for jewellery, watches, cars and real estate. Contrary to the popular perception that is generated by the flashy lifestyles of film and television actors, they are not large spenders by themselves and collectively it is still not a large segment. Luxury consumption of film and TV stars is paid for by the producers. They alsoi shop abroad a lot. Many celebrities belong to rich business families and owe their luxury consumption to their family wealth or get a lot of luxury products as gifts. Citywise sub-segments: There are sub-segments in each city that drive most of the purchases: * Mumbai – stock brokers, diamond merchants/exporters * Delhi – industrialists, traditionally wealthy, politicians, bureaucrats * Chennai – traditionally rich, industrialists * Bangalore – builders, IT top brass * Kolkata – traditionally wealthy Marwari businessmen, traders Age profile. The average consumer is still young – between 30-45. This is in line with the overall demographics and is expected to stay that way for some time. It is thus a young luxury market in contrast with some of the mature markets like Europe and the USA where the average consumer is much older (need some data here). Consumer Behavior We found that while the average Indian luxury customer values High Quality, Exclusivity and Social Appeal as key drivers of luxury purchase, they are also very Price Conscious and often straddled with a â€Å"middle-class mindset†. Corporate Professionals in particular tend to be more price sensitive than the Traditionally Wealthy and Business Owners. This is also due to the fact that the average â€Å"fashion consciousness† of Indian consumers is still quite low – most consumers prefer â€Å"well known† brands and make luxury purchases for â€Å"brand value† and not â€Å"fashion value†. The table below summarises the typical behavior patterns of the consumers in each of the segments | Medium Size Enterprise Owners| Traditionally Wealthy Families & Large Industrialists| Corporate Executives| Self Employed Professionals| Young Professionals| Average Age| | | | | |. Awareness| Low| High| High| Medium| High| Fashion consciousness ( apparel and accessories)| Low| High| Low| Low| High| Price Consciousness| High| Low| High| Very High| Very High| Badge Consciousness| High| Medium-Low| High| High| Very High| Propensity to buy overseas| High| High| High| High| High| Greater awareness – rapidly increasing and the entry of brands, development of malls and magazines has helped. Compared to three-four years ago, the number of people who can correctly pronounce Chanel and Gucci correctly has increased dramatically, although there is still a long way to go. What is interesting to note is that the Indian luxury customer is maturing rapidly and brand awareness has increased significantly over the past 3-5 years. Brands are beginning to see loyal customers who have their preferred set of brands. Among brands, the pedigree of a brand is very important. There is a heritage value with luxury brands – customer typically put more value on brands that have been around for many years. When it came to Indian brands, there is clearly a mixed perception. While most customers were willing to purchase luxury services from Indian players, the luxury products market still has a long way to go. Specifically in services, Indian service quality is considered to be at par with the best in the world. Within products, the categories that customer preferred have a high class value attached to it. Hence very select categories like jewellery and Indian designer apparel products are considered ‘luxury’. Fashion consciousness – changing very fast, dressing for a look increasing in the metros – still a long way to go – in the words of one of the luxury fashion CEOs – Indians are â€Å"sartorially challenged†. The younger members of the rich families and the young professionals are leading are leading the pack. Badge consciousness – continuing, no doubt. A logo is probably the most important thing about a product. It is easier to sell a pair of sunglasses or a polo shirt where the logo is clearly visible than a shirt where it is not so obvious. Price consciousness – here to stay. The entire industry acknowledges this and both the principals and the Indian parties strive hard to match prices to make it price neutral for the Indian consumer who would not mind taking a flight to Singapore or Dubai or ask someone to get it, if the difference is more than 3-5%. The economics is simple – its costs 15-20,000 for a return trip (economy of course! ) to Dubai or Singapore. On a product costing upwards of Rs. 200,000, this is less than 10% of the product price. That puts a limit on the amount of premium that anyone will be willing to pay for products that can be easily purchased overseas and carried back. The grey market will willingly carry products for a fraction of the cost of a return trip. The only exception is cars – where it is not possible to bring it in – either legitimately or smuggled. Propensity to buy overseas – reducing but still very significant. One interesting observation is that Indian luxury customers are not averse to buying from India, just that they feel there are better avenues abroad. One of the key challenges is to provide luxury shopping destinations that offer a variety of brands under one roof. While most of them purchased from boutiques in New York or Malls in Dubai, in India there are not many avenues for luxury purchase. While most consumers also make luxury purchases in India, shopping abroad is still by far the preferred option. Consumers have certain perceptions about luxury shopping in India, that have held them back making large scale and frequent purchases in the local market. Interviews with industry leaders reveals that the consumer wants the same package here – merchandise (range, freshness), convenience (location), price and experience (ambience, service) – with an extra expectation of service, given that this is India, where labor is cheap. The development of the Indian duty free has meant that Indians have an option of buying duty free products in India when they arrive rather than carting it all the way from popular shopping destinations overseas. Consumers still believe that the widest, most recent range is not available here and that prices are more expensive here, though at least two of these clearly are myths that need to be broken. In fashion, collections are designed for the whole world once, no one creates separate collections for India and old collections are not available. Width of range is a trade-off that has to be made depending on the depth of the market, so that is a possibility. Converting the overseas market is a big challenge for retailers. Propensity to buy from the grey market – by all accounts, this is reducing in established brands. Concerted efforts by players to bring in the latest merchandise, efforts by brands to supply products at lower prices to India and Indian retailers willing to work on thin margins has meant that the consumer now gets a good bargain. New brands which consumers want and are not available find their way through this channel. Driver of Luxury consumption: Number of HNIs, HNI Wealth or Household Income? It is generally accepted that luxury market size is positively correlated to household income (GDP/capita), the number of high networth individuals and/or their wealth. Discussions on luxury are never complete without a reference to these parameters. A correlation between the size of the luxury market, the GDP/capita, number of HNIs and HNI wealth over the years 2004-2009 shows that in terms of importance the number of high networth individuals is the most important driver, followed closely by GDP/capita and HNI wealth. Interviews with leading luxury brands in India points to the fact that family wealth is a very strong determinant of spending than household income. Consumer interviews with traditionally wealthy families indicates a very interesting pattern – they are habitual consumers of luxury and less price conscious. Some of the segments mentioned above would fall in the HNI category. However luxury consumption in India is not limited to only the HNIs. The masstige phenomenon can be observed very clearly in India. Luxury products in India are appealing to, and purchased by, middle-class consumers that do not fit the typical profile of an elite consumer segment. For these shoppers, luxury represents status and prestige, a place in society that they fit into as a result of their purchase of high-end products. This phenomenon is observed even in the large mature markets such as UK, where a large number of individual consumers buy very small volumes. Luxury goods companies develop products that re-enforce the â€Å"masstige† and drive volumes. As such it is very important to look at the other indicator of the market – the GDP/capita. In India given the fact that wealth is being created due to the rapid growth, growing household incomes are converting the middle class into emerging luxury consumers. As such there is a large segment (below the 1 cr income category) where while the wealth might be low, it is the incomes that are driving the consumption. Measured in PPP terms, 25 -100 lakhs in India is equal to $ XX-YY,000 of income in the US or EUR AA-BB,000 in Europe, which is definitely a luxury consumer. The above two factors combine to make the consumer spectrum in India very broad. Our research shows that sporadic/ infrequent luxury consumption for products and services begins when annual household income goes upwards of Rs. 20 lakhs, becomes frequent when annual household income crosses the Rs. 1 crore mark and becomes habitual when the wealth crosses the HNI milestone ($1 mn in liquid assets). For luxury assets, the markers are understandably much higher and even within assets, the ladder become quite steep as one goes higher. For example, consumer for private jets would be the top 200-400 richest families in the country – the billionaires, super rich families (the HNIs) – anywhere around 200-400 families – such as the private jets, yachts and the largest houses – earning anywhere upwards of 50 cr per annum or with family wealth in excess of 100 cr. The spectrum thus begins at rupee millionaires and goes all the way to real billionaires. While the small traditionally super wealthy families who know what absolute or real exclusive luxury means, and can be called connoisseurs, bulk of the incremental wealth generation in India has been the the handiwork of new age businessmen/industrialists – who were not so wealthy a couple of generations ago. As the â€Å"new money† matures, one can expect that the tastes and preferences will also evolve. | | Rupee Millionaires| Near Millionaires| Real Millionaires| Category| Household Income| 10-25 lakhs| 25 lakhs – 1 cr| 1-5 cr| 5 cr+| | Networth/Wealth| | | | |. Estimated number of households| 2,373,000| 1,292,000| 141,000| Typical Occupations| Service Industry professionals| Corporate Executives, Self Employed Professionals| Medium Enterprise OwnersTraditionally wealthyCompany CEOs, top bankers| Large IndustrialistsTraditionally wealthy| Luxury products| Low ticket value items such as leather accessories ties, cuff-links,Wines and spirits, personal care| Watches, some apparel, accessories| All| All| Luxury Services| Spas, Infrequent fine dining| Travel, frequent fine dining, hotels, spas| All| Luxury Assets| | | Cars, YachtsReal estate, Paintings| Private jets|. Geographical distribution of consumers Luxury consumption in the country has so far been concentrated in Delhi and Mumbai with Bangalore being a distant third. Brands have been thinking of expanding their footprint beyond these cities and have been wondering about where their next store should be opened. We now believe that the distribution of the rupee millionaires is a good indicator of the luxury consumer distribution in the country. We also believe that for luxury consumption to take off a minimum critical mass is needed in a city. While Delhi and Mumbai continue to be the mainstay markets for luxury consumption, there are several other cities with a large base of potential luxury consumers. A look at the figure below suggests that while Mumbai, Delhi and Bangalore are the top three cities, other cities also have significant potential for luxury consumption. Show a chart between the number of families (X-axis) and the growth 2006-2009 (Y-axis) and number of such households as the bubble size. Use the data below. Year| 2006-07| 2009-10| | Income Category| Annual income >Rs. 10,00,000/-| CAGR| Top 20 Cities ranked on the basis of Annual Market Size| Number of Households| Number of Households| | Delhi| 132,258 | 348,000| 38%| Mumbai| 98,164 | 347,000| 52%| Bangalore| 101,550 | 126,000| 7%| Thane| 69,658 | 137,000| 25%| Pune| 57,130 | 106,000| 23%| Chennai| 28,025 | 109,000| 57%| Ahmadabad| 45,224 | 91,000| 26%| Hyderabad| 26,670 | 69,000| 37%| Surat| 34,457 | 60,000| 20%| Coimbatore| 18,076 | 37,000| 27%| Salt Lake (Urban Areas in â€Å"North 24 Parganas† district)| 14,373 | 65,000| 65%| Kolkata| 15,790 | 94,000| 81%| Thiruvallur| 17,837 | 22,000| 7%| Lucknow| 20,654 | 29,000| 12%|. Jaipur| 27,011 | 21,000| -8%| Vadodara| 22,911 | 53,000| 32%| Nagpur| 23,637 | 46,000| 25%| Kancheepuram| 13,920 | 24,000| 20%| | 767,345 | 1,784,000 | 32%| Source: Indicus Analytics| | | | Extrapolating the growth rates seen in these cities, over the next 3 years implies that several new cities will become potential centres of luxury consumption. Kolkata, Chennai, Hyderabad, Pune, Vadodara are high potential destinations to watch out for. A quick comparison with China shows that there are atleast 20 cities/towns where luxury brands are present. Comparison between luxury stores in India and China. | LV| Burberry| Chanel| Hugo Boss| Beijing| 3| 2| 2| 9| Shanghai| 3| 2| 5| 5| Other Tier I| 6| 6| 0| 8| Tier II| 12| 10| 1| 22| Others| 11| 13| 0| 43| | LV| Burberry| Chanel| Hugo Boss| Mumbai| 2| 1| -| 1| Delhi| 2| 1| 1| 1| Bangalore| 1| 1| -| 1| Others| -| 1| -| -| We believe in the next 5-7 years, atleast 5-7 new towns will get added on the luxury map of India. We also believe that the potential in Delhi and Mumbai has not been fully exploited and that there exist a few more micro markets within these cities that need to be tapped. Pockets of wealth and good infrastructure could be the next big destinations. In Mumbai, South Mumbai, Central Mumbai, Bandra/Juhu, Powai and Thane are micro markets which are far enough from each other, have concentration of wealthy families and decent infrastructure. In Delhi, similar micro markets could be South Delhi, Gurgaon, Saket, †¦.. In summary, while the Indian luxury market is evolving, so is the luxury customer. Understanding the nuances of the customer is extremely critical to succeed in this dynamic industry.

Advanced Accounting by Guerrero Essay

Chapter 1 Multiple choice answers and solutions 1-1: a Jose’s capital should be credited for the market value of the computer contributed by him. 1-2: b(40,000 + 80,000) ï‚ ¸ 2/3 = 180,000 x 1/3 = 60,000. 1-2: c 1-3: a CashP100,000 Land300,000 Mortgage payable( 50,000) Net assets (Julio, capital)P350,000 1-4: b Total Capital (P300,000/60%)P500,000 Perla’s interest ______40% Perla’s capitalP200,000 Less:Non-cash asset contributed at market value LandP 70,000 Building90,000 Mortgage Payable( 40,000)_120,000 Cash contributionP 80,000 1-5: d- Zero, because under the bonus method, a transfer of capital is only required. 1-6: b ReyesSantos CashP200,000P300,000 Inventory–150,000 Building–400,000 Equipment150,000 Mortgage payable________( 100,000) Net asset (capital)P350,000P750,000 1-7: c AABBCC CashP 50,000 Property at Market ValueP 80,000 Mortgage payable( 35,000) Equipment at Market Value______________P55,000 CapitalP 50,000P 45,000P55,000 2Chapter 1 1-8: a PPRRSS CashP 50,000P 80,000P 25,000 Computer at Market Value__25,000_______ ­Ã‚ ­__60,000 CapitalP 75,000P 80,000P 85,000 1-9: c MariaNora CashP 30,000 Merchandise inventoryP 90,000 Computer equipment160,000 Liability( 60,000) Furniture and Fixtures 200,000________ Total contributionP230,000P190,000 Total agreed capital (P230,000/40%)P575,000 Nora’s interest______60% Nora’s agreed capitalP345,000 Less: investment190,000 Cash to be investedP155,000 1-10: d Roy Sam Tim CashP140,000–– Office Equipment–P220,000– Note payable_________( 60,000) ______ Net asset investedP140,000P160,000 P – Agreed capitals, equally (P300,000/3) =P100,000 1-11: a LaraMitra CashP130,000P200,000 Computer equipment–50,000 Note payable________ ­_( 10,000) Net asset investedP130,000P240,000 Goodwill (P240,000 – P130,000) =P110,000 1-12: a PerezReyes CashP 50,000P 70,000 Office Equipment30,000– Merchandise–110,000 Furniture100,000 Notes payable_______( 50,000) Net asset investedP 80,000P230,000 Partnership – Basic Considerations and Formation3 Bonus Method: Total capital (net asset invested)P310,000 Goodwill Method: Net assets investedP310,000 Add: Goodwill (P230,000-P80,000)_150,000 Net capitalP460,000 1-13: b Required capital of each partner (P300,000/2)P150,000 Contributed capital of Ruiz: Total assetsP105,000 Less Liabilities__15,000__90,000 Cash to be contributed by RuizP 60,000 1-14: d Total assets: CashP 70,000 Machinery75,000 Building_225,000P370,000 Less: Liabilities (Mortgage payable)__90,000 Net assets (equal to Ferrer’s capital account)P280,000 Divide by Ferrer’s P & L share percentage____70% Total partnership capitalP400,000 Required capital of Cruz (P400,000 X 30%)P120,000 Less Assets already contributed: CashP 30,000 Machinery and equipment25,000 Furniture and fixtures__10,000__65,000 Cash to be invested by CruzP 55,000 1-15: d Adjusted assets of C Borja CashP 2,500 Accounts Receivable (P10,000-P500)9,500 Merchandise inventory (P15,000-P3,000)12,000 Fixtures__20,000P 44,000 Asset contributed by D. Arce: CashP 20,000 Merchandise__10,000__30,000 Total assets of the partnershipP 74,000 4 Chapter 1 1-16: a Cash to be invested by Mendez: Adjusted capital of Lopez (2/3) Unadjusted capitalP158,400 Adjustments: Prepaid expenses17,500 Accrued expenses( 5,000) Allowance for bad debts (5% X P100,000)_( 5,000) Adjusted capitalP165,900 Total partnership capital (P165,900/2/3)P248,850 Multiply by Mendez’s interest â…“ Mendez’s capitalP 82,950 Less Merchandise contributed ­Ã‚ ­Ã‚ ­__50,000 Cash to be invested by MendezP 32,950 Total Capital: Adjusted capital of LopezP165,900 Contributed capital of Mendez__82,950 Total capitalP248,850 1-17: d Moran, capital (40%) CashP 15,000 Furniture and Fixtures_100,000P115,000 Divide by Moran’s P & L share percentage______40% Total partnership capitalP287,500 Multiply by Nakar’s P & L share percentage______60% Required capital of credit of Nakar:P172,500 Contributed capital of Nakar: Merchandise inventoryP 45,000 Land15,000 Building__65,000 Total assetsP125,000 Less Liabilities__30,000P 95,000 Required cash investment by NakarP 77,500 1-18: c Garcia’s adjusted capital (see schedule 1)P40,500 Divide by Garcia’s P & L share percentage ­Ã‚ ­Ã‚ ­______40% Total partnership capitalP101,250 Flores’ P & L share percentage______60% Flores’ capital creditP 60,750 Flores’ contributed capital (see schedule 2)__43,500 Additional cash to be invested by FloresP 17,250 Partnership – Basic Considerations and Formation 5 Schedule 1: Garcia, capital: Unadjusted balanceP 49,500 Adjustments: Accumulated depreciation( 4,500) Allowance for doubtful account( 4,500) Adjusted balanceP 40,500 Schedule 2: Flores capital: Unadjusted balanceP 57,000 Adjustments: Accumulated depreciation ( 1,500) Allowance for doubtful accounts( 12,000) Adjusted balanceP 43,500 1-19: d OrtizPonceTotal ( 60%)( 40%) Unadjusted capital balancesP133,000P108,000P241,000 Adjustments: Allowance for bad debts( 2,700)( 1,800)( 4,500) Inventories3,0002,0005,000 Accrued expenses_( 2,400)( 1,600)( 4,000) Adjusted capital balancesP130,900 P106,000 P237,500 Total capital before the formation of the new partnership (see above)P237,500 Divide by the total percentage share of Ortiz and Ponce (50% + 30%)______80% Total capital of the partnership before the admission of RoxasP296,875 Multiply by Roxas’ interest______20% Cash to be invested by RoxasP 59,375 1-20: d Merchandise to be invested by Gomez: Total partnership capital (P180,000/60%)P300,000 Gomez’s capital (P300,000 X 40%)P120,000 Less Cash investment__30,000 Merchandise to be invested by GomezP 90,000 Cash to be invested by Jocson: Adjusted capital of Jocson: Total assets (at agreed valuations)P180,000 Less Accounts payable__48,000P132,000 Required capital of Jocson_180,000 Cash to be invested by JocsonP 48,000 6Chapter 1 1-21: b Unadjusted Ell, capital (P75,000 – P5,000)P 70,000 Allowance for doubtful accounts( 1,000) Accounts payable( 4,000) Adjusted Ell, capitalP 65,000 1-22: c Total partnership capital (P113,640/1/3)P340,920 Less David’s capital_113,640 Cortez’s capital after adjustmentsP227,280 Adjustments made: Allowance for doubtful account (2% X P96,000)1,920 Merchandise inventory( 16,000) Prepaid expenses( 5,200) Accrued expenses___3,200 Cortez’s capital before adjustmentsP211,200 1-23: a Total assets at fair value P4,625,000 Liabilities (1,125,000) Capital balance of FlorP3,500,000 1-24: c Total capital of the partnership (P3,500,000 à · 70%)P5,000,000 Eden agreed profit & loss ratio30% Eden agreed capital 1,500,000 Eden contributed capital at fair value 812,000 Allocated cash to be invested by EdenP 688,000 1-25: c __Rey __Sam_ __Tim __Total_ Contributed capital (assets-liabilities)P471,000 P291,000 P195,000 P957,000Agreed capital (profit and loss ratio) 382,800 382,800 191,400 957,000 Capital transfer (Bonus)P 88,200 P(91,800) P 3,600 – 1-26: d Total agreed capital (P90,000 à · 40%)P225,000 Contributed capital of Candy (P126,000+P36,000-P12,000) 150,000 Total agreed capital (P90,000 à · 40%) 225,000 Candy, agreed capital interest 60% Agreed capital of Candy 135,000 Contributed capital of Candy 150,000 WithdrawalP 15,000 Partnership – Basic Considerations and Formation 7 1-27: a Total agreed capital (210,000 à · 70%) P300,000 Nora’s interest 30% Agreed capital of NoraP 90,000 Cash invested 42,000 Cash to be invested by NoraP 48,000 1-28: a Contributed capital of May (P194,000 – P56,000)P138,000 Agreed capital of May (P300,000 x 70%) 210,000 Cash to be invested by May P 72,000 1-29: c __Alex__Carlos___Total__ Contributed capitalP100,000P84,000P184,000 Agreed capital 92,000 92,000 184,000 Capital investedP( 8,000)P 8,000 – 8Chapter 1 SOLUTIONS TO PROBLEMS Problem 1 – 1 1.a.Books of Pedro Castro will be retained by the partnership To adjust the assets and liabilities of Pedro Castro. 1.Pedro Castro, Capital600 Merchandise Inventory600 2.Pedro Castro, Capital200 Allowance for Bad Debts200 3.Accrued Interest Receivable35 Pedro Castro, Capital35 Computation: P1,000 x 6% x 3/12=P15 P2,000 x 6% x 2/12=_20 TotalP35 4.Pedro Castro, Capital100 Accrued Interest Payable100 (P4,000 x 5% x 6/12 = P100) 5.Pedro Castro, Capital800 Accumulated Depreciation – Furniture and Fixtures800 6.Office Supplies400 Pedro Castro, Capital400 To record the investment of Jose Bunag. Cash15,067.50 Jose Bunag, Capital15,067.50 Computation: Pedro Castro, Capital (1)P600P31,400 (2)20035(3) (4)100400(6) (5)___800 P1,700P31,835 P30,135 Jose Bunag, Capital:1/2 x P30,135 = P15,067.50 Partnership – Basic Considerations and Formation 9 b.A new set of books will be used Books of Pedro Castro To adjust the assets and liabilities. See Requirement (a). To close the books. Notes Payable4,000 Accounts Payable10,000 Accrued Interest Payable100 Allowance for Bad Debts1,200 Accumulated Depreciation – Furniture and Fixtures1,400 Pedro Castro, Capital30,135 Cash6,000 Notes Receivable3,000 Accounts Receivable24,000 Accrued Interest Receivable35 Merchandise Inventory7,400 Office Supplies400 Furniture and Fixtures6,000 New Partnership Books To record the investment of Pedro Castro. Cash6,000 Notes Receivable3,000 Accounts Receivable24,000 Accrued Interest Receivable35 Merchandise Inventory7,400 Office Supplies400 Furniture and Fixtures6,000 Notes Payable4,000 Accounts Payable10,000 Accrued Interest Payable100 Allowance for Bad Debts1,200 Accumulated Depreciation – Furniture and Fixtures1,400 Pedro Castro, Capital30,135 To record the investment of Jose Bunag. Cash15,067.50 Jose Bunag, Capital15,067.50 10Chapter 1 2. Castro and Bunag Partnership Balance Sheet October 1, 2008 A s s e t s CashP21,067.50 Notes receivable3,000.00 Accounts receivableP 24,000 Less Allowance for bad debts___1,20022,800.00 Accrued interest receivable35.00 Merchandise inventory7,400.00 Office supplies400.00 Furniture and fixtures6,000 Less Accumulated depreciation___1,400__4,600.00 Total AssetsP59,302.50 Liabilities and Capital Notes payableP 4,000.00 Accounts payable10,000.00 Accrued interest payable100.00 Pedro Castro, Capital30,135.00 Jose Bunag, Capital_15,067.50 Total Liabilities and CapitalP59,302.50 Problem 1 – 2 Contributed Capitals: Jose:Capital before adjustmentP 85,000 Notes Payable62,000 Undervaluation of inventory13,000 Underdepreciation( 25,000)P 135,000 Pedro:Cash28,000 Pablo:Cash11,000 Marketable securities_57,500 ­___68,500 Total contributed capitalP 231,500 Agreed Capitals: Bonus Method: Jose (P231,500 x 50%)P115,750 Pedro (P231,500 x 25%)57,875 Pablo (P231,500 x 25%)__57,875 TotalP231,500 Partnership – Basic Considerations and Formation 11 Goodwill Method. To have a goodwill, the only possible base is the capital of Pablo. The computation is: ContributedAgreed CapitalCapitalGoodwill JoseP135,000P137,000 (50%)2,000 Pedro28,00068,500 (25%)40,500 Pablo__68,500__68,500 (25%)_____– TotalP231,500274,00042,500 Total agreed capital (P68,500 ï‚ ¸ 25%) = 274,000 Jose, Pedro and Pablo Partnership Balance Sheet June 30, 2008 Bonus MethodGoodwill Method Assets: CashP 49,000P 49,000 Accounts receivable (net)48,00048,000 Marketable securities57,50057,500 Inventory85,00085,000 Equipment (net)45,00045,000 Goodwill______–__42,500 TotalP284,500P327,000 Liabilities and Capital: Accounts payableP 53,000P 53,000 Jose, capital (50%)115,750137,000 Pedro, capital (25%)57,87568,500 Pablo, capital (25%)__57,875__68,500 TotalP284,500P327,000 Problem 1 – 3 1.Books of Pepe Basco To adjust the assets. a.Pepe Basco, Capital3,200 Estimated Uncollectible Account3,200 b.Pepe Basco, Capital500 Accumulated Depreciation – Furniture and Fixtures500 12Chapter 1 To close the books. Estimated Uncollectible Account4,800 Accumulated Depreciation – Furniture and Fixtures1,500 Accounts Payable3,600 Pepe Basco, Capital31,500 Cash400 Accounts Receivable16,000 Merchandise Inventory20,000 Furniture and Fixtures5,000 2.Books of the Partnership To record the investment of Pepe Basco. Cash400 Accounts Receivable16,000 Merchandise Inventory20,000 Furniture and Fixtures5,000 Estimated Uncollectible account4,800 Accumulated Depreciation – Furniture and Fixtures1,500 Accounts Payable3,600 Pepe Basco, Capital31,500 To record the investment of Carlo Torre. Cash47,250 Carlo Torre, Capital47,250 Computation: Pepe Basco, capital (Base)P31,500 Divide by Pepe Basco’s P & L ratio___40% Total agreed capitalP78,750 Multiply by Carlo Torre’s P & L ratio___60% Cash to be invested by Carlo TorreP47,250 Problem 1 – 4 a.Roces’ books will be used by the partnership Books of Sales 1.Adjusting Entries (a)Sales, Capital3,200 Accumulated Depreciation – Fixtures3,200 (b)Goodwill32,000 Sales, Capital32,000 Partnership – Basic Considerations and Formation 13 2.Closing Entry Allowance for Bad Debts12,800 Accumulated Depreciation – Delivery Equipment8,000 Accumulated Depreciation – Fixtures91,200 Accounts Payable64,000 Notes Payable40,000 Accrued Taxes8,000 Sales, Capital224,000 Cash4,800 Accounts Inventory72,000 Merchandise Inventory192,000 Prepaid Insurance3,200 Delivery Equipment48,000 Fixtures96,000 Goodwill32,000 Books of Roces (Books of the Partnership) 1.Adjusting Entries (a)Roces, Capital1,600 Allowance for Bad Debts1,600 (b)Accumulated Depreciation – Fixtures16,000 Roces, Capital16,000 (c)Merchandise Inventory8,000 Roces, Capital8,000 (d)Goodwill40,000 Roces, Capital40,000 2.To record the investment of Sales. Cash4,800 Accounts Receivable72,000 Merchandise Inventory192,000 Prepaid Insurance3,200 Delivery Equipment48,000 Fixtures96,000 Goodwill32,000 Allowance for Bad Debts12,800 Accumulated Depreciation – Delivery Equipment8,000 Accumulated Depreciation – Fixtures91,200 Accounts Payable64,000 Notes Payable40,000 Accrued Taxes8,000 Sales, Capital224,000 14Chapter 1 b.Sales’ books will be used by the partnership Books of Roces 1.Adjusting Entries See Requirement (a). 2.Closing Entry Allowance for Bad Debts1,600 Accumulated Depreciation – Delivery Equipment12,800 Accumulated Depreciation – Fixtures64,000 Accounts Payable104,000 Accrued Taxes6,400 Roces, Capital224,000 Cash14,400 Accounts Receivable57,600 Merchandise Inventory132,800 Prepaid Insurance4,800 Delivery Equipment19,200 Fixtures144,000 Goodwill40,000 Books of Sales (Books of the Partnership) 1.Adjusting Entries See Requirement (a). 2.To record the investment of Roces. Cash14,400 Accounts Receivable57,600 Merchandise Inventory132,800 Prepaid Insurance4,800 Delivery Equipment19,200 Fixtures144,000 Goodwill40,000 Allowance for Bad Debts1,600 Accumulated Depreciation – Delivery Equipment12,800 Accumulated Depreciation – Fixtures64,000 Accounts Payable104,000 Accrued Taxes6,400 Roces, Capital224,000 Partnership – Basic Considerations and Formation 15 c.A new set of books will be opened by the partnership Books of Roces 1.Adjusting Entries See Requirement (a). 2.Closing Entry See Requirement (b). Books of Sales 1.Adjusting Entries See Requirement (a). 2.Closing Entry See Requirement (a). New Partnership Books To record the investment of Roces and Sales. Cash19,200 Accounts Receivable129,600 Merchandise Inventory324,800 Prepaid Insurance8,000 Delivery Equipment (net)46,400 Fixtures (net)84,800 Goodwill72,000 Allowance for Bad Debts14,400 Accounts Payable168,000 Notes Payable40,000 Accrued Taxes14,000 Roces, Capital224,000 Sales, Capital224,000 16Chapter 1 Problem 1 – 5 1.To close Magno’s books. Allowance for Bad Debts1,000 Accounts Payable6,000 Notes Payable10,000 Accrued Interest Payable300 R. Magno, Capital24,700 Cash5,000 Accounts Receivable13,000 Merchandise Inventory12,000 Equipment3,000 Other Assets9,000 2.To adjust the books of Lagman. Goodwill8,000 Allowance for Bad Debts210 J. Lagman, Capital7,790 3.To record the investment of Magno. Cash5,000 Accounts Receivable13,000 Merchandise Inventory12,000 Equipment3,000 Other Assets9,000 Allowance for Bad Debts1,000 Accounts Payable6,000 Notes Payable10,000 Accrued Interest Payable300 R. Magno, Capital24,700 To adjust the investments of the partners. Cash10,300 R. Magno, Capital10,300 (P35,000 – P24,700 = P10,300) J. Lagman, Capital35,790 Cash23,300 Accounts Payable to J. Lagman12,490 (P63,000 + P7,790 = P70,790 – P35,000 = P35,790) Partnership – Basic Considerations and Formation 17 4. Lagman and Magno Balance Sheet December 31, 2008 A s s e t s CashP – Accounts receivableP34,000 Less Allowance for bad debts1,21032,790 Merchandise inventory21,000 Equipment8,000 Other assets46,000 Goodwill___8,000 Total AssetsP115,790 Liabilities and Capital Accounts payableP 18,000 Notes payable15,000 Accrued interest payable300 Accounts payable to J. Lagman12,490 J. Lagman, capital35,000 R. Magno, capital__35,000 Total Liabilities and CapitalP115,790 Problem 1 – 6 1.Books of Toledo Toledo, Capital4,800 Allowance for Bad Debts (15% x P32,000)4,800 Books of Ureta Ureta, Capital2,400 Allowance for Bad Debts (10% x P24,000)2,400 Cash (90% x P12,000)10,800 Loss from Sale of Office Equipment1,200 Office Equipment12,000 Toledo, Capital (1/4 x P1,200)300 Ureta, Capital900 Loss from Sale of Office Equipment1,200 18Chapter 1 2.New Partnership Books Cash3,200 Accounts Receivable32,000 Merchandise40,000 Office Equipment10,000 Allowance for Bad Debts4,800 Accounts Payable10,000 Notes Payable2,000 Toledo, Capital68,400 To record the investment of Toledo. Cash22,800 Accounts Receivable24,000 Merchandise36,000 Toledo, Capital300 Allowable for Bad Debts2,400 Accounts Payable16,000 Ureta, Capital64,700 To record the investment of Ureta. 3.Cash3,400 Ureta, Capital3,400 To record Ureta’s cash contribution. Computation: Toledo, capital (P68,400 – P300)P 68,100 Divide by Toledo’s profit share percentage____50% Total agreed capital of the partnershipP136,200 Multiply by Ureta’s profit share percentage____50% Agreed capital of UretaP 68,100 Ureta, capital__64,700 Cash contribution of UretaP 3,400 or Toledo, capital (P68,400 – P300)P 68,100 Less Ureta, capital__64,700 Cash contribution of UretaP 3,400 Partnership – Basic Considerations and Formation 19 4. Toledo and Ureta Partnership Balance Sheet July 1, 2008 A s s e t s CashP 29,400 Accounts receivableP56,000 Less Allowance for bad debts__7,20048,800 Merchandise76,000 Office equipment__10,000 Total AssetsP164,200 Liabilities and Capital Accounts payableP 26,000 Notes payable2,000 Toledo, capital68,100 Ureta, capital__68,100 Total Liabilities and CapitalP164,200