Leasing Essay Example | Topics and Well Written Essays - 1250 words

Leasing - Essay Example This is a long term purchase where the price value should be substantially lower than the market value which determines the amount to be recorded. c. During the first year of the lease, Lani is expected to incur expenses that equals or exceeds at least 90 per cent of the fair value of the property that is leased. Basically, these expenses are determined by the value of the property at inception of the lease and this value is agreed by both the lessee and lessor. d. Lani should report the lease transaction on its December 31, 2006, balance sheet as an acquisition of an asset. Virtually, a lease agreement transfers ownership of property to the lessee and this should be reflected on the balance sheet as purchase of assets which adds property value to the company. 2a. The criteria that must be met by Doherty Company to classify it as a capital lease is that it must transfer substantially all of the benefits and risks of the ownership of property to the lessee. If the agreement transfers the property rights to the lessee, then it will be classified as a capital leases given that it will be an acquisition of the property by the lessee. In this particular case, Doherty Company should transfer ownership to the lessee in order for it to classify it as a capital lease. b. In order for Lambert Company to classify the lease as a sales-type, it must be able to realise a profit from the lease or be able to determine if it is making a loss. In actual fact, Lambert Company as the lessor must be better positioned to generate some revenue that can contribute to the profit margins of the organisation. Lambert Company can classify this lease as direct financing lease if it does not record any profit from the lease. It will be widely viewed as a lending institution. c. The main difference between a sales type lease and a direct financing lease is that the main reason behind a sales lease is to realise profits while direct financing is not primarily concerned with profits but just r evenue generation. Therefore, the purpose of the lease and the goals to be achieved are the major factors that make a distinction between the two. However, accounting steps for these two types of leases are just the same. Part 2 During the contemporary period, it can be noted that companies continue to acquire property to improve their operations. Leasing is an alternative means of acquiring long-term assets to be used by business firms (Schroeder, Clark & Cathey, 2005). Leases provide for the right for use of the property by the lessees since they are given the obligation to make a series of payments over a long period of time. As such, leases are similar to long-term debt which enables the lessee to utilise off-balance sheet financing. This paper therefore is mainly concerned with explaining the meaning of debt and equity financing in relation to lease verses purchase options. According to wisegeek, â€Å"debt financing is a way of raising some funds to generate working capital f or the organisation which can be used to fund special projects.† In this regard, the issuer may issue bonds or other debt instruments that can be used as a means of financing the debt associated with the project. Debt financing has a clear start and end

Roll of Thunder, Hear My Cry Essay Example for Free

Roll of Thunder, Hear My Cry Essay White makes right means that the whites are never wronged for their actions whenever a white does something clearly wrong to a black while the black has done right. In fact, the blame is pushed to the blacks instead, simply because whites are perceived to be the superior race. What is counted as morally right or morally wrong depends on how society perceives it, when what is usually right or wrong should not be determined by how the majority feels towards another race, especially when they are biased. As such, this has resulted in a lot of unjust treatment towards the blacks. This can be clearly seen through three incidents: Mr Morrisons loss of a job, the burning of the Berrys and Cassies encounter with Lillian Jean in Strawberry. Firstly, an incident that illustrates White makes right is Mr Morrisons loss of a job, since he is depicted as being in the wrong although he was provoked into the fight, and he is made to bear the consequences although there are no consequences for the others, simply because of their race. Mr Morrison lost his job as he got in a fight with some men whose fault was theirs. However, the other men did not get fired because they was white. This shows that one’s actions’ consequences differs based on race. Starting a fight is clearly wrong, and as the whites were the ones who started it, it is only fair if they got fired. However, even though Mr Morrison did not start the fight, he got fired instead of the other men just because they were white and deemed superior to blacks. This shows that blacks are not allowed to start a fight without being punished regardless of the injustice targeted at them. However, whites are allowed to because of underlying reasons and they will not be punished as they have justifiable reasons. Thus, white makes right is clearly shown in this case, where we see that regardless of whether the whites do the wrong things towards the blacks, the main detrimental consequences will still be for the blacks and not the whites, simply because of racism. Also, this shows us that when whites do something which is wrong, it is simply brushed aside and they do not really suffer many consequences, however the blacks suffer the consequences instead once they decide to respond. Secondly, an incident that illustrates White makes right is the burning of the Berrys. White men accused John Henry of flirtin' with a white woman and began rammin the back of they car and lit him afire with them boys. When Henrietta, a relative of the Berrys, reported it to the police, he called her a liar and aint a thing gonna be done bout it. Attacking and killing somebody is clearing wrong and illegal. However, the white men go unpunished. This clearly shows that white men can get away with abusing and killing black men. To justify their actions, they find an excuse, which in this case John Henry had been flirting with a white woman, while probably all he did was smile in the wrong place at the wrong time. The blacks clearly did not do anything wrong, but Henriettas testimony is powerless to make the police investigate. This shows that the blacks are denied justice despite the fact they are being victimised. It also shows that the truth is meaningless in white society. Thus, white makes right as the power of language is determined by race rather than validity, so they can come up with an excuse to justify their actions easily and accuse blacks of doing and result in them being punished. It is also extremely difficult for blacks to prove their innoncence, since people are generally biased against them, whereas the words spoken by whites are considered credible and believable. This also shows that white makes right, since the whites are deemed to be reliable and their statements the truth, as opposed to the blacks who are labelled as lying even if they tell the truth, so what the blacks say would naturally be labelled as wrong while the whites would be labelled as right. Thirdly, an incident that illustrates White makes right is Cassies encounter with Lillian Jean in Strawberry. When Cassie bumped into Lillian Jean, she demanded Cassie to get down in the road and apologize by addressing her as Miz Lillian Jean. As whites are deemed to be superior to blacks in white society, when a black collides into a white, blacks should apologise to the whites and never the other way round as they are always perceived as correct. However, if a black were to demand fair, equal treatment, it is stated that this is not necessary as it is considered demeaning for the whites to apologise to blacks, or even to address them normally. This shows us that regardless of blacks’ intentions, and whether they do something out of accident or not, it really depends on the whites’ perception of their actions. The moment whites decide that their actions are wrong, such as bumping into Lillian jean accidentally, we see that the Cassie is automatically labelled as wrong based on her actions. However, if Lillian Jean were to engage in the same action, she would not be forced to apologise to Cassie, neither would she be forced to call Cassie with the honorific of â€Å"Miss. † Thus, white makes right since the whites are able to state whether the blacks’ actions have wronged them or not, even when the blacks did it unintentionally, and we see that if the whites do the same actions on the blacks, they do not need to apologise, whereas the blacks not only need to apologise, but also have to address them with respectful terms. To conclude, the three incidents that illustrate White makes right are Mr Morrisons loss of a job, the burning of the Berrys and Cassies encounter with Lillian Jean in Strawberry. Mr Morrisons loss of job shows that regardless of what the blacks do, as long as they respond to the whites when provoked, then they are considered to be at fault and are made to bear the consequences. The burning of the Berrys show that the power of language is determined by race rather than validity, making whatever the whites say reliable and making it difficult for the blacks to prove their innocence. Cassies encounter with Lillian Jean in Strawberry shows how the blacks’ actions, even when unintentional, can be construed as bad just because the whites perceive them to be so, and the blacks are made to apologise to the whites with honorific terms of respect even though they may not have intentionally done anything to harm them. Thus, this clearly shows how â€Å"white makes right.

A Brief History of Aesthetics Essay -- essays papers

A Brief History of Aesthetics Aesthetics is the theoretical study of the arts and related types of behavior and experience. It is traditionally regarded as a branch of philosophy, concerned with the understanding of beauty and its manifestations in art and nature. However, in the latter 20th century there developed a tendency to treat it as an independent science, concerned with investigating the phenomena of art and its place in human life. Yet, what in a field with a hazy line in between being classified as a science or study of beliefs is considered data for determining what can be studied? It can simply be drawn to the only three things involved in the process of art : The creator, the person experiencing, and the art itself. Now this leads us to understand what exactly, is art. studies all the typical â€Å"arts†. This includes music, literature, theatre, dance, film, as well as painting, sculpture, and architecture. This directs the student towards a very broad field. For example, architecture may involve the Sistine Chapel, considered one of the world’s most loved works of art. However, it may also include the landscaping in a small town square. So then, art is defined as something that deals with both the â€Å"useful† and â€Å"fine† arts, insofar as they appeal to aesthetic taste, or as long as they are created with the specific intent to cause a reaction, whether it be positive or negative. Some disagreement about the proper definition of survives from the conflict of rival schools of thought in philosophy and art criticism during the 18th ad 19th centuries, when first achieved recognition as a distinct field of knowledge and examination. The turning point which influenced most scholars to believe that leaned toward the sciences, rather than towards philosophy began with Immanuel Kant’s Critique of Aesthetic Judgment. The approach to beauty and art became more metaphysical and transcendental. A leader in the renewed attempt of art as science was Hippolyte Taine, who proposed that styles of art should be studied in the same way as plants are studied by botanists, and are subject to the same evolutionary development. At the same time in Germany, the name Kunstwissenschaft was applied to the historical writings of Semper, Fiedler, Burckhardt, and Riegl. In their writings, they strove for neutrality in comparative analysis i... ...took place. Through , an area of its own had been set aside for man’s artistic creativity. Now independence turned into domination, and the tendency towards differentiation gave way to desire for total inclusiveness. Art, after liberating itself from service under alien powers, (namely the repression of artists and their art, or the lack of education in the arts) aspired in its turn to embrace life in its entirety. In everything, there is art, and in art, there is everything. Or so it was in German romantic thought. Throughout the history of , which is arguably the length of time held within the universe, not much has been distorted. Art, along with is an incredibly difficult subject to comprehend, due to the varying nature of themes, opinions, and judgments. Not to cite all the societies, time periods, ethnicities, age and gender biased opinions. It is neither a science, nor a philosophy. It is both. within itself is a beauty, which will forever perplex the minds of the world. Art, placed in the neighborhood of philosophy and science reveals its innate inclination, (although undefined) to forever intrigue and perplex both the scientific and philosophical minds.

The Social and Cultural Costs and Benefits of Entering a Sport Not Trad

The Social and Cultural Costs and Benefits of Entering a Sport Not Traditional to Your Sex/Gender Throughout time, sports have been thought of as feminine sports or masculine sports. Some sports that are thought of as feminine are gymnastics, swimming, tennis, riding, and ice-skating. These tend to be sports that emphasize beauty and grace. Men's sports tend to emphasize strength and power, like football, basketball, or bodybuilding. The social and cultural stereotypes that are placed on men and especially women in the sports world can be hard for an athlete to deal with. Men are expected to be masculine and strong in their sports, while females are expected not to overexert themselves and still keep their feminine appeal. Who is to say what sports are okay for men and women to participate in? Is it fair to place stereotypes on people who are just doing what they love to do? Will these stereotypes diminish over time? In history, women have been given a hard time for coming into sports. Since at least the late 1800s there have been myths about women in sports, some of which we are still working on debunking to this day. Some include the notion that sport masculinizes women, sports are medically risky for women, the female body was not made for sports performance, women are not interested in sports, and women cannot psychologically take the pressure of sports (Oglesby & Shelton, 9). Women were seen as fragile and unable to compete on the same level as men could in sports. Women of this time who played softball, basketball, or track were considered "unladylike" and were questioned of their femininity (Spears, 13). Public recognition of individual female athletes deals more with their feminine beauty and status than to athlet... ...ting could become a role model for a young boy who thought that people would think that he was gay if he skated. Although there are cultural and social costs associated with a person entering a sport that is not traditional for his or her gender, there are also some benefits. The question that only the athlete can answer is whether the benefits out weigh the costs enough to stick with it. I have hope that stereotypes in sports will become less observed. Sports have changed so much in the last century. Women were barely allowed to play certain sports like basketball at the turn of the last century and now we have professional woman's basketball. More changes are coming, slowly but surely they are coming. Just the fact that we are now questioning the costs and benefits of being in a sport that is not necessarily for your gender/sex is a step in the right direction.

On the Sidewalk Bleeding: Newspaper Article Essay

Last night at approximately 11:30 pm, Andy Anderson had become the latest victim of gang violence in the borough of Queens. Andy was stabbed when he darted through a back alley on his way to buy a package of cigarettes at Alfredo’s on the next block. At that exact time, he was ambushed and later stabbed by a member of the GUARDIANS. A rival gang of the Royals. The ROYALS being that of which Andy was a part of. According to police officers that arrived on the scene about 45 minutes after the ambush occurred. â€Å"Andy Anderson was wearing a bright, purple, silk jacket with The ROYALS stitched across the back of the jacket and Andy delicately stitched in black lettering over the heart.† Police also knew that when they saw ROYALS on his jacket that this wasn ‘t a random act of violence, and that this was a planned attack. This attack shows the extreme dangers of Gang violence in the borough of Queens.† When police found Andy â€Å"On The Sidewalk Bleeding†, they had known that he had already died. This was because of three reasons: the location of the stab wound, the location of the wound, and how long it tom for EMS personnel to arrive on the scene. Police were also able to find him on the sidewalk with his girlfriend Laura who had this to say: â€Å"When I didn’t see Andy for a long period of time, I knew something wasn’t right and by the time I left the school and got to him it was too late†¦ he was dead. Police officers have just commenced their investigation and an autopsy will be conducted in the coming days to find out the time of death. Police would like anyone with any kind of information to contact 69 Division or to leave an anonymous tip for Crime Stoppers.

Biological Rhythms essays

Biological Rhythms essays All plants and animals have endogeous cycles that, in response to an outside rhythm (zeitgeber), will cue various actions. For example, bears know they must hibernate, poinsettias know they must flower and humans know they need sleep. In correspondence with a particular season, length of day, and light intensity respectively, these events will occur. In the example with the poinsettia, the vegetative/flower cycle is synchronized with a day length cycle that has longer hours of darkness, resulting in a chemical reaction that releases florigen and signals to the poinsettia to flower. Similarly, a chemical reaction takes place in humans with their sleep/wake cycle. This will be discussed in the essay along with disorders associated with this cycle. Humans possess many biological clocks. Depending on the cycle it could be an infradian (longer than a day), ultradian (shorter than a day), circadian (about a day), or circannual (about a year) rhythm. In the case of the humans internal sleep/wake cycle, its a circadian rhythm. The human sleep/wake cycle is a bit longer than 24 hours (closer to 25 hours), therefore it needs an entraining agent or zeitgeber. This is an external environmental rhythm which will keep it in sync with the 24 hour day. The most dominant cycle is the light/dark cycle. However, its necessary to transmit the external information to the internal cycle so that synchronization is achieved. As infants, our sleep/wake cycle was initially random compared to that of our parents or guardian. Eventually, over the course of 6 weeks, we began to adapt the circadian cycle and after approximately 4 months, we were entrained to the 24-hour cycle. This is due to the external cues of our parents/guardian. The human clock is found in the suprachiasmatic nucleus (SCN), which is a group of distinct cells in the hypothalamus, which is located in the brain. Light from the outsid ...

Free Essays on Donnes “Flea“

Wit and Religious Imagery in â€Å"The Flea† In his funny little poem â€Å"The Flea,† John Donne merges wit with religious imagery in an attempt to convince a woman to sleep with him. In the first stanza Donne cleverly uses the humorous image of an insignificant flea that has just sucked the blood of both Donne and his intended lover as he tries to convince his beloved that the mingling of bodily fluids during intercourse would be just as innocent as their blood mingling inside the body of the flea. The first and second stanzas take on quite a whimsical tone as Donne elucidates to his beloved how innocuous premarital sex would be compared to what the flea has done. The way Donne implicitly hints at the erotic without explicitly stating anything, yet leaving no doubt in the reader’s mind as to what he means, is as much a source of the poem’s humor as is the silly image of the flea. In the second stanza Donne supports his argument and attempts to stop his beloved from killing the flea by calling the fle a â€Å"Our marriage bed and temple† (line 13). By spilling the blood of the flea, she would also be spilling the blood of Donne and herself, thereby practically committing murder: â€Å"Three lives in one flea spare† (line 10). This line equates the flea with a significant sacred ideal, the holy trinity. It would not only be murder though, Donne adds â€Å"And sacrilege, three sins in killing three†(line 18), which makes the flea all the more significant by again calling to mind the holy trinity. However, the unfortunate flea meets his match between stanzas two and three as Donne’s beloved puts an end to his nonsense and kills the symbol of their love. Donne chastises her by saying she has â€Å"Purpled thy nail in blood of innocence† (line 20), which brings up images of Christ’s crucifixion. Donne’s solution is to change tactics and assert to his beloved that since killing the flea was so easy and harmless, yielding to hi... Free Essays on Donne's â€Å"Fleaâ€Å" Free Essays on Donne's â€Å"Fleaâ€Å" Wit and Religious Imagery in â€Å"The Flea† In his funny little poem â€Å"The Flea,† John Donne merges wit with religious imagery in an attempt to convince a woman to sleep with him. In the first stanza Donne cleverly uses the humorous image of an insignificant flea that has just sucked the blood of both Donne and his intended lover as he tries to convince his beloved that the mingling of bodily fluids during intercourse would be just as innocent as their blood mingling inside the body of the flea. The first and second stanzas take on quite a whimsical tone as Donne elucidates to his beloved how innocuous premarital sex would be compared to what the flea has done. The way Donne implicitly hints at the erotic without explicitly stating anything, yet leaving no doubt in the reader’s mind as to what he means, is as much a source of the poem’s humor as is the silly image of the flea. In the second stanza Donne supports his argument and attempts to stop his beloved from killing the flea by calling the fle a â€Å"Our marriage bed and temple† (line 13). By spilling the blood of the flea, she would also be spilling the blood of Donne and herself, thereby practically committing murder: â€Å"Three lives in one flea spare† (line 10). This line equates the flea with a significant sacred ideal, the holy trinity. It would not only be murder though, Donne adds â€Å"And sacrilege, three sins in killing three†(line 18), which makes the flea all the more significant by again calling to mind the holy trinity. However, the unfortunate flea meets his match between stanzas two and three as Donne’s beloved puts an end to his nonsense and kills the symbol of their love. Donne chastises her by saying she has â€Å"Purpled thy nail in blood of innocence† (line 20), which brings up images of Christ’s crucifixion. Donne’s solution is to change tactics and assert to his beloved that since killing the flea was so easy and harmless, yielding to hi...