Bill Womack a trustee first Essay Example For Students

Bill Womack: a trustee first Essay Bill Womack is accustomed to being a first. As a non-white individual in the generally white calling of youngster psychiatry, hes acclimated with kicking off something new. All things considered, he wasnt very arranged for the staggering detachment he felt when he joined the governing body at Seattles A Contemporary Theater in 1987. I had no proper foundation in the theater, he clarifies. I wasnt rich. What's more, I happened to be around then the main board individual from shading. There were commonly I felt extremely, alone. Consistent with his calling, Womack isn't a man who experiences difficulty communicating his feelings. As he relates his five or more long periods of administration at ACT, he inclines intensely on the action word to feel. I felt toward the starting like I didnt recognize what my specialty would be, he reviews. He joined the board at the command of overseeing executive Susan Trapnell Moritz, whom he had met while taking move classes at a nearby studio with his family. Moritz was dazzled with Womacks center and clear-headedness. Womack thus was dazzled with the devotion of his new individual board individuals, however I didnt know them well indeed, and for some time I didnt feel I was doing anything of import. Managing raceâ Womack went to gatherings tirelessly, yet opposed expecting an influential position on the board. Sooner or later, I was starting to think about whether this was the most ideal route for me to invest my energy. I wasnt despondent, yet I didnt feel I was utilizing my own aptitudes and gifts completely. The defining moment came when Moritz inquired as to whether he would seat a yearly croquet competition that ACT supported. I said to my companions: Can you envision a dark man wearing whites going around playing croquet? Its completely senseless. In any case, I did it, and it was fun, Womack describes. At that point, in the spring of 93, Moritz educated him regarding Theater Communications Groups decent variety workshop in Los Angeles, and in Womacks words snookered him into showing up on a board there. That allowed me the chance to consider what my inclination had been in the course of the last four or five years, he says. Thinking back, he understood there were a few things both he and the other board individuals could have done to assist him with changing in accordance with the job of first board individual from shading. To begin with, he could have been increasingly settled about what he needed to contribute and achieve. At the time he was stressed over whether hed have enough cash, regardless of whether he would make companions on the load up and whether others would perceive what he brought to the table. In the event that he needed to do it over now, he says, hed stress less, and be all the more direct about mentioning to individuals what he needed to do. Simultaneously, it would have been useful on the off chance that somebody on the board had inquired. Sheets need to ask possibilities where they think they fit in, not hang tight for them to make some noise, Womack underlines. What's more, a board that is broadening needs to bargain straightforwardly and by and by with the issue of race. Womack concedes that his sentiments about being the principal minority on the load up were confused, at the same time, he says, I never told Susan; I never enlightened another load up part regarding it; and no one at any point asked me. Sheets need to associate with the new individuals they get. Without that association, without a feeling of network, theyre going to lose them. On our board, no one ever discusses these things. No one says, This is the first run through weve done this; how is it working for you? Is it accurate to say that you are doing approve?' .u0f1ce24b360bddbf225ba096e163a28e , .u0f1ce24b360bddbf225ba096e163a28e .postImageUrl , .u0f1ce24b360bddbf225ba096e163a28e .focused content territory { min-stature: 80px; position: relative; } .u0f1ce24b360bddbf225ba096e163a28e , .u0f1ce24b360bddbf225ba096e163a28e:hover , .u0f1ce24b360bddbf225ba096e163a28e:visited , .u0f1ce24b360bddbf225ba096e163a28e:active { border:0!important; } .u0f1ce24b360bddbf225ba096e163a28e .clearfix:after { content: ; show: table; clear: both; } .u0f1ce24b360bddbf225ba096e163a28e { show: square; progress: foundation shading 250ms; webkit-change: foundation shading 250ms; width: 100%; darkness: 1; progress: haziness 250ms; webkit-progress: mistiness 250ms; foundation shading: #95A5A6; } .u0f1ce24b360bddbf225ba096e163a28e:active , .u0f1ce24b360bddbf225ba096e163a28e:hover { obscurity: 1; change: murkiness 250ms; webkit-progress: haziness 250ms; foundation shading: #2C3E50; } .u0f1ce24b360bddbf225ba096e163a28e .focused content zone { width: 100%; position: relat ive; } .u0f1ce24b360bddbf225ba096e163a28e .ctaText { fringe base: 0 strong #fff; shading: #2980B9; text dimension: 16px; textual style weight: intense; edge: 0; cushioning: 0; content design: underline; } .u0f1ce24b360bddbf225ba096e163a28e .postTitle { shading: #FFFFFF; text dimension: 16px; textual style weight: 600; edge: 0; cushioning: 0; width: 100%; } .u0f1ce24b360bddbf225ba096e163a28e .ctaButton { foundation shading: #7F8C8D!important; shading: #2980B9; outskirt: none; fringe span: 3px; box-shadow: none; text dimension: 14px; text style weight: striking; line-tallness: 26px; moz-outskirt sweep: 3px; content adjust: focus; content beautification: none; content shadow: none; width: 80px; min-stature: 80px; foundation: url(https://artscolumbia.org/wp-content/modules/intelly-related-posts/resources/pictures/straightforward arrow.png)no-rehash; position: total; right: 0; top: 0; } .u0f1ce24b360bddbf225ba096e163a28e:hover .ctaButton { foundation shading: #34495E!important; } .u0f1ce 24b360bddbf225ba096e163a28e .focused content { show: table; stature: 80px; cushioning left: 18px; top: 0; } .u0f1ce24b360bddbf225ba096e163a28e-content { show: table-cell; edge: 0; cushioning: 0; cushioning right: 108px; position: relative; vertical-adjust: center; width: 100%; } .u0f1ce24b360bddbf225ba096e163a28e:after { content: ; show: square; clear: both; } READ: Bathsheba and Gabriel-Far from the Madding Crowd EssayNow heading into his 6th year on the board, Womack is certainly doing approve. He has become seat of ACTs assorted variety team, and to some extent, because of his own selecting endeavors, hes not, at this point the performance centers just board individual from shading. Understanding the worldâ Be that as it may, hes despite everything worried about the moderate pace at which theater sheets and staffs change. When multicultural and crosscultural throwing have gotten ordinary in front of an audience, the off camera picture remains determinedly monochromatic. Why? I surmise from an expansive perspective, its bigot, Womack says, yet I dont see it in such unmistakable terms. I consider it to be increasingly close to home: We just know a specific network of individuals and were not so much keen on finding out about others. The majority of us feel that on the off chance that we broaden ourselves in that manner would lose somethingtime or vitality. You truly need to work at having an assorted variety of fellowships, and not very many of us do. All things considered, change occurs, and Womack is eager to be a piece of it at ACT. He has a lot of applause for masterful executive Jeff Steitzer, and for his capacity to express the performance centers aesthetic vision. ACT is exceptionally dedicated to contemporary dramatists and new plays, Womack says. (Undoubtedly, while most Seattle theaters have moved in an opposite direction from new works, ACT introduced one American and two world debuts this season.) Because I like auditorium so much, its horribly energizing to have a chance to have contribution to what the performance center is. Moritz portrays her associate as an awesome performance center fan a portrayal Womack doesnt dismiss. As he clarifies it, Professionally, I do a great deal of work with dream and pictures. Furthermore, Ive consistently appreciated utilizing those as a method of understanding the world. Theater to me like books has consistently been a significant method of understanding the human condition.

The Happiness and Misery of Monsieur Lantin in The Jewels Essay

The Happiness and Misery of Monsieur Lantin      At the start of â€Å"The Jewels†, Lantin meets the lady he had always wanted (and of each different man’s) and promptly experiences passionate feelings for and weds her. Their lives go on in immaculate amicability and satisfaction, and consistently Lantin falls all the more profoundly infatuated with his charming spouse. Lantin has just two grumblings about the character of his significant other: her adoration for the theater and her affection for counterfeit adornments. In the end Lantin quits heading off to the theater, and his significant other goes alone. Subsequent to coming back from the performance center one night, his significant other builds up a hack and bites the dust eight days after the fact. This point denotes the start of Lantin’s wretchedness as he reveals more about his better half than he may have needed to know.      Lantin is joyfully hitched to his better half, and the peruser gets the feeling that every other person in the network feels she is a fine lady to have as a spouse. â€Å"Happy the man who wins her adoration! He was unable to locate a superior wife† (Maupassant 105). The peruser learns exactly that he is so committed to his better half when he admits that following six years of marriage, he adores his significant other considerably more than he did from the outset. Lantin’s life appears to be an ideal image of what a glad marriage ought to be, however then it changes unexpectedly and definitely.      When Lantin’s spouse returns home one night with a chill and bites the dust eight days after the fact, Lantin is crushed. His life is loaded up with distress and despair and even â€Å"time, the...

72 Hours Later

72 Hours Later… Has CPW left you with this? :) So I learned two major things about myself this weekend, courtesy of you guys: 1. I apparently do not look like myself *points at the banner* (perhaps bringing a stuffed penguin with me next CPW would help? =p) and apparently I look a lot taller. 10. Wow, you dont sound like a college professor in real life! Im sure now that you guys start to head back to the four corners of America (and the world!), there will be an opportunity to relive CPW through the various guest blogs that would undoubtedly be popping up over the course of the next few days. But I just want to say something. In a word, you guys are awesome. Meeting so many of you over the course of this weekend at random events seeing how you all hail from OH, PA, VA, MD, HI, NY, MA, CA, NJ, MI, SC, GA, TX, MO, WA (just to name a few) and getting to know your passions in high school, from research (I dont know how many ISEF and Siemens people Ive talked to these few days) to violin to scuba diving to volunteering to a passion for languages to butterfly collectingit all had been wow. I am now convinced of the statement by Admissions that they are excited about this class. You guys are truly one group of accomplished people that blows my mind away. As you undoubtedly now begin to ponder your college choices and attend other colleges admit weekends (I know Princeton is next week, and Stanford the week after), I hope you have a good time exploring other college campuses (though, youre not allowed to have a better time than you did at MIT =p) in making an informed decision about where to spend the next four years of your life. But theres something you should know. One of the questions that kept on popping up over the weekend was, How much of MIT Blogs is real? Why does it always look like you guys are having a good time? MIT Blogs are real. We dont try to give you a sugered version of what MIT is like. This is real stuff. Granted, we dont always blog about our stress during the weekdays when were up tooling all night nor do we blog about the anguish of failing an exam, but hey, thats just something that comes with the rigorous, well-renowned scientific training that MIT offers. Yes, we do get stressed out at times, but we also know how to enjoy life when were not doing coursework (and there are too many blogs to that effect, so Im not going to bother linking them all). :) We hate MIT at times for keeping us up at 4 or 5 in the morning, but we love MIT for all the possibilities it offers diversity, excitement, enthusiasm, research, and a healthy dose of quirkiness, to name a few. This is why IHTFP stands for two things. This is why my EC interviewer reflects nostalgically upon her time at MIT. This is why we come together during CPW and Orientation to show you what MIT has to offer. A lot of people are wary of the statement that CPW is fake you guys are just getting this together for us, but its not like this during the school year. True we might not be having like 600 different events every single weekend, but were trying to give you a cross-section of MIT culture, to attempt to show you everything that you can possibly be involved in at MIT. We might not always be having barbecues, roofdeck parties, and pancakes at 2 in the morning, but theyre all there. Were not trying to bribe you. Were welcoming you to MIT. On Saturday, a prefrosh asked me, If you could pick only one thing that you love about MIT, what is it, and why? I said, The people. Definitely the people. What makes MIT so amazing is the excitement and the enthusiasm thats present across all facets of the Institution. Intellectual curiosity in class aside, the flow of energy in student groups, the passion in student-led initiatives are really things that make MIT students so special. MIT admits passionate and driven individuals, provides them with a place to learn, and lets the students bump into each other, do crazy stuff, and accomplish the things theyve been dreaming to do. I hope you got a taste of that during the weekend. And I hope you enjoyed the liquid nitrogen ice cream. :)

Drugs And Illegal Possession And Trafficking - 1409 Words

Believe it or not, drugs have been around for thousands of years. In the medical field, drugs are any type of medicine (or other substance), which has a physiological effect when it is ingested or otherwise introduced into the body. Drugs can produce both harmful and beneficial effects once it is consumed and, â€Å"decisions about when and how to use them therapeutically always involve balancing the benefits and risks† (Rang 1). Drugs approved for human use are available through prescription and can be bought freely over the counter. Although drugs have been a great addition to the medical world and its advancement, not all drugs are legal and available for use. The government bans certain drugs, and illegal possession and trafficking of these†¦show more content†¦It is an undeniable fact that illegal drugs do more harm than good, which is why Canada should not legalize all drugs. The growing concern in many communities is how easily accessible drugs are to young adu lts. At least 42% of Ontario students surveyed have admitted to consuming an illegal substance in the past year. According to Statistics Canada, 60% of illicit drug users in the country are between 15 and 24 years of age. This is a rising crisis due to the health problems that teens who abuse drugs are likely to develop such as, â€Å"short-term memory loss, anxiety, depression†¦ cardiovascular disease, liver damage and etc.† (Canadian Centre for Addictions). Furthermore, â€Å"Science Daily found that youth in 12th grade who use marijuana, alcohol, and other illegal drugs are likely to drop out of school† (Canadian Centre for Addictions). Supporters of the legalization of drugs â€Å"believe that making drugs legal will take away the temptation to use them† (Novelguide). However, this idea would be far from logical as, if drugs were to be legalized then they will be ultimately available for young adults to consume. This poses a threat to the health of the young drug consumers, as these substances are likely to be mass-produced and mixed with other substances that are not exactly safe for consumption. For example, Levamisole, an anthelmintic drug used to kill parasitic worms â€Å"became a very popular cocaine adulterant† (Gosmer 1). The drug was previously used to deworm both humans

The Bridge Of Opportunity Initiative - 778 Words

The Bridges To Opportunity Initiative helps to ready low-income under skilled adult students to obtain workforce ready skills using community and technical colleges to achieve jobs with livable wages and an educational pathway. (Ford Foundation, n.d.) The Integrated Basic Education and Skills Training (I-Best) works with adults who want to better their basic educational skills to increase employability and the opportunity to advance their education in a career development direction. (Wachen, Jenkins, Noy, 2011) There are seventy-five million Americans that do not have higher than a high school education or who have not attain a General Education Development/General Equivalent Diploma (GED) the I-Best programs focus on increasing education, gaining employable skills to earn a livable wages. (Wachen, Jenkins, Noy, 2011) Breaking Through Initiative goal â€Å"is to promote the development of practices and policies that connect low-skilled adults (with reading and math skills testing below the eighth-grade level) with postsecondary occupational or technical education†. (Jobs for the Future, 2010) Completion by Design is a college success program funded by the Gates Foundation to implement student support systems to increase completion and graduation rates for low-income students. (Gates Foundation, n.d.) The states of Florida, North Carolina and Ohio have used this initiative to increase access, contain cost, and create programs. (Completion by Design, 2015) This pathwayShow MoreRelatedWhat I m Highly Motivated And Goal Driven Professional With 8 + Years Of Expertise818 Words   |  4 Pagesestimation, Investment decision making, and multi-unit operations in both Energy and Infrastructure Industries. 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Impairment of Assets Test Free Essays

IMPAIRMENT OF ASSETS The following information relates to Q1 Q2. Information about three assets are given below in the table: Aldo Balbo Casco Value in Use $150,000 $195,000 $105,000 Carrying Amount $90,000 $140,000 $112,000 Net Realizable Value $115,000 $136,000 $85,000 Q1. What are the recoverable amounts of each asset? (MCQ) Aldo ($115,000), Balbo ($136,000), Casco ($105,000) Aldo ($150,000), Balbo ($136,000), Casco ($105,000) Aldo ($150,000), Balbo ($195,000), Casco ($105,000) Aldo ($115,000), Balbo ($195,000), Casco ($85,000) (2 marks) Q2. We will write a custom essay sample on Impairment of Assets Test or any similar topic only for you Order Now What are the impairment losses on each asset? (MCQ) Aldo ($0), Balbo ($0), Casco ($0) Aldo ($0), Balbo ($55,000), Casco ($20,000) Aldo ($25,000), Balbo ($4,000), Casco ($7,000) Aldo ($0), Balbo ($0), Casco ($7,000) (2 marks) Q3. A cash-generating unit has the following assets: Building $600,000 Plant Machinery $100,000 Goodwill $80,000 Inventory $50,000 Total $830,000 One of the machines valued at $60,000 has been damaged will be scrapped. The total recoverable amount estimated from the cash-generating unit is $470,000. What is the recoverable amount of the current assets after the impairment loss? (MCQ) $21,800 $28,000 $33,500 $50,000 (2 marks) Q4. Which of the following correctly defines the recoverable amount of an asset? (MCQ) Current market value of the asset less cost of disposal Higher of fair value less cost of disposal value in use Higher of carrying amount fair value Lower of fair value less cost of disposal value in use (2 marks) Q5. An asset has a carrying amount of $55,000 at the year-end 31st March 2002. Its market value is $47,000 having a disposal cost of $3,500. A new asset will cost $85,000. The company expects that the asset will generate $19,000/per annum of cash flows for the next three years. The cost of capital is 8%. What is the impairment loss to be recognized for the year end 31st March 2002? (FIB) 3613151270000$ (2 marks) Q6. Which of the following are internal indications of impairment? (MRQ) A fall in the market value of a machine due to inflation The management realized that an asset is unable to produce up to its full capacity A report prepared by the warehouse manager than one of the lifter cars has crashed into a wall The development of intention of management to sell the asset during the next 3 months (2 marks) Q7. Moby had purchased an asset on 1st September 2009 at a cost of $500,000 with the useful life of ten years with no cash inflow at the time of disposal. The asset has been depreciated until 31st October 2014. At that date, an accident occurred which resulted in the damage of the asset an impairment test was taken by Moby. On 31st October 2014, the fair value of the asset was $160,000 with $10,000 cost of disposal. The expected future cash flows were $13,000/annum for the next five years. The cost of capital is at 10% with five-year annuity factor of 3.79. Calculate the impairment on 31st October 2014? (MCQ) $0 $100,000 $150,970 $200,730 (2 marks) Q8. A cash-generating unit has the following assets: Property Plant $400,000 Machinery $90,000 Goodwill $75,000 License $5,000 Net Assets (realizable value) $30,000 Total $600,000 The company had breached a government legislation which results in its cash-generating unit value to fall by $200,000. What will be the value of Property Plant after the impairment? (MCQ) $101,010 $126,316 $266,667 $298,990 (2 marks) Q9. Which of the following is not an indicator of impairment? (MCQ) The NRV of inventory has reduced due to damages but carrying amount is still lowered it’s than NRV Technological advancement has boomed in a country resulting old machinery becoming obsolete Cost of capital of a company has increased due to increase in market rates The carrying amount of an asset is higher of the recoverable amount of an asset (2 marks) Q10. A company purchased an asset on 1st January 2000 costing $2.1 million and its life was 10 years. On 31st December 2001, the fair value of the assets was $1.9 million. On 31st December 2002, the recoverable amount of the asset was $0.7 million. Calculate the impairment loss to be recorded in Profit ; Loss account on 31st December 2002? (FIB) 3613151270000$ (2 marks) Q11. A cash-generating unit has the following assets: Building $409,050 Plant ; Machinery $311,000 Goodwill $30,500 Inventory $156,000 Total $906,550 One of the plants valued at $91,000 was destroyed ; will be scrapped. The total recoverable amount estimated from the cash-generating unit is $760,050. What is the recoverable amount of the Plant ; Machinery after the impairment loss? (FIB) 3613151270000$ (2 marks) Q12. Meagan had purchased an asset on 1st September 2015 at a cost of $300,000 with the useful life of six years with no residual value. The asset has been depreciated until 31st October 2020. At that date, the asset was damaged ; an impairment test was taken by Moby. On 31st October 2020, the fair value of the asset was $60,000 with a $3,000 cost of disposal. The expected future cash flows were $16,000/annum for the next five years. The cost of capital is at 13% with five-year annuity factor of 3.52. Calculate the impairment on 31st October 2020? (MCQ) $0 $680 $6,320 $7,000 (2 marks) Q13. A delivery van has a carrying amount of $39,000 at the year-end 31st March 2016. Its market value is $33,800 having a disposal cost of $1,250. A new delivery van will cost $46,500. The company expects that the van can generate $9,300/per year of cash flows for the next four years. The cost of capital is 5%. What is the impairment loss to be recognized for the year end 31st March 2016? (MCQ) $1,250 $5,200 $6,022 $6,450 (2 marks) Q14. ZZZ Co purchased a non-current asset on 1st January 2012 costing $3.75 million and its life was eight years. On 31st December 2013, the fair value of the non-current asset was $2.95 million. On 31st December 2014, the recoverable amount of the asset was $1.25 million. Calculate the impairment loss to be recorded in Profit ; Loss account on 31st December 2014 nearest to $000? (FIB) 3613151270000$ 000 (2 marks) IMPAIRMENT OF ASSETS (ANSWERS) Q1. C Recoverable amount is the higher of the Value in Use or the Net Realizable Value. Q2. D Impairment loss = Carrying amount – Recoverable amount = Positive (+) Aldo = $90,000 – $150,000 = (-$60,000) No Impairment Balbo = $140,000 – $195,000 = (-$55,000) No Impairment Casco = $112,000 – $105,000 = $7,000 Impairment Q3. D Assets which have their own impairment criteria do not fall under the scope of IAS 32 -Impairment of asset. Inventory is impaired under IAS 2 – Inventory where it is calculated by choosing lower of Cost or Net Realizable Value. Q4. B Q5. $6,037 Value in Use Cash Flow Discount Factor 8% Present Value 19,000 0.926 $17,594 19,000 0.857 $16,283 19,000 0.794 $15,086 Total PV $48,963 Fair Value less Cost to sell = $47,000 – $3,500 = $43,500 Higher of = $48,963 Impairment Loss = $55,000 – $48,963 = $6,037 Q6. A fall in the market value of a machine due to inflation (External indication) The management realized that an asset is unable to produce up to its full capacity (Internal indication) A report prepared by the warehouse manager than one of the lifter cars has crashed into a wall (Internal indication) The development of intention of management to sell the asset during the next 3 months (Internal indication) Q7. B Carrying Amount = (500,000 Ãâ€" 5/10) = 250,000 Fair value less cost to sell = (160,000 – 10,000) = 150,000 Value in use = (13,000 Ãâ€" 3.79) = 49,270 Recoverable amount $150,000, Impairment = 250,000 – 150,000 = $100,000 Q8. D The total impairment of CGU is $200,000 The goodwill is impaired by $75,000 leaving $125,000 of impairment to be allocated to other assets. Total of assets to be impaired is $495,000 (400 + 90 +5) Impairment = (400,000 à · 495,000) Ãâ€" 125,000 = 101,010 Fair Value after impairment = 400,000 – 101,010 = $298,990 Q9. A The NRV of the inventory is still greater than its carrying amount so no impairment has arisen Q10. $742,500 Calculation done in $000 Cost = 2,100 Depreciation = (2,100 Ãâ€" 2/10) = 420 Carrying amount (After 2 years) = 2,100 – 420 = 1,680 Revaluation of asset = 1,680 1,900 = 220 in Revaluation Reserve New Cost = 1,900 Depreciation = (1,900 Ãâ€" 1/8) = 237.5 Carrying amount (After 1 year) = 1,900 – 237.5 = 1,662.5 Impairment loss = 1,662.5 – 700 = 962.5 Reversal of Revaluation Reserve = $220 Excess recorded in Profit ; Loss account = 962.5 – 220 = $742,500 Q11. $211,257 The total impairment of CGU is $146,500 The goodwill is impaired by $30,500 leaving $116,000 of impairment to be allocated to other assets. The plant is impaired by $91,000 leaving $25,000 of impairment Total of assets to be impaired is $629,050 (409,050 + 311,000 – 91,000) Impairment = (220,000 à · 629,050) Ãâ€" 25,000 = 8,743 Fair Value after impairment = 220,000 – 8,743 = $211,257 Q12. A Carrying Amount = (300,000 Ãâ€" 1/6) = 50,000 Fair value less cost to sell = (60,000 – 3,000) = 57,000 Value in use = (16,000 Ãâ€" 3.52) = 56,320 Recoverable amount $57,000, Impairment = 50,000 – 57,000 = $0 Q13. C Value in Use Cash Flow Annuity Factor 5% (1-4) Present Value 9,300 3.546 $32,978 Total PV $32,978 Fair Value less Cost to sell = $33,800 – $1,250 = $32,550 Higher of = $32,978 Impairment Loss = $39,000 – $32,978 = $6,022 Q14. $1,071,000 Calculation done in $000 Cost = 3,750 Depreciation = (3,750 Ãâ€" 2/8) = 937.5 Carrying amount (After 2 years) = 3,750 – 937.5 = 2,812.5 Revaluation of asset = 2,812.5 2,950 = 137.5 in Revaluation Reserve New Cost = 2,950 Depreciation = (2,950 Ãâ€" 1/6) = 491.67 Carrying amount (After 1 year) = 2,950 – 491.67 = 2,458.33 Impairment loss = 2,458.33 – 1,250 = 1,208.33 Reversal of Revaluation Reserve = $137.5 Excess recorded in Profit ; Loss account = 1,208.33 – 137.5 = $1,070,830 Nearest to $000 = $1,071,000 How to cite Impairment of Assets Test, Papers

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Far East region, including Hong Kong. He is expected to travel extensively in the region but for convenience purposes, he will be sent to and be accommodated in the office of Gateroom Ltd, a wholly owned subsidiary of Gateway Corporation in Hong Kong. No contract is to be signed between Mr. Lee and Gateroom Ltd but it is agreed that Gateroom Ltd will provide all administrative support to Mr. Lee especially when he stayed in Hong Kong to perform his duties. Gateroom Ltd will charge back its administrative costs (including travelling and telephone costs) to the US parent in respect of its support given. Mr. Lee is required to report directly to the US parent in respect of the operation performance of respective companies in the region. His salary will however be paid in Singapore dollars into his bank account in Singapore. Mr. Lee understands that Hong Kong taxation system is limited by territorial ambit and he is concerned about the Hong Kong tax implication of his employment income under the new offer. We will write a custom essay sample on Student or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page He approached you for advice with his expected travelling schedule as below: 15. 5. 2011Hong KongArrived at Hong Kong and reported to Gateroom Ltd 5. 6. 2011 7. 6. 2011SingaporeTo attend meetings and seminars 1. 8. 2011 30. 8. 2011ChinaTo attend meetings and conferences 1. 11. 2011 18. 11. 2011IndonesiaTo attend meetings 30. 12. 2011 23. 1. 2012ThailandTo attend meetings and vacation leave (leave days of 10 days) Required: Explain briefly the Hong Kong tax system in relation to income from employment, and advise Mr. Lee on his Hong Kong salaries tax position in respect of his new employment income. Question 2 Mr Leung, the managing director of one of your clients, Global Trading Limited, came to your office. He was concerned about restructuring his own salaries package, and that of the other employees. He wanted to ensure that all fringe benefits provided by the company were to be provided in a tax efficient manner, i. e. to minimize the salaries tax liabilities of the employees but at minimal costs to the company. Required: a) Explain to Mr Leung the extent to which fringe benefits are subject to salaries tax in Hong Kong with reference to the relevant statutory provisions and general principles. According to Section 8(1A)( c), the income can be excluded from services rendered outside Hong Kong if taxplayer is chargerable to tax in the country in which services are rendered, and tax of substantially the same nature as salaries tax in Hong Kong has been paid in respect of the income attributable to the services rendered in the country. The income is fully exempt if service are rendered in HK during visit not exceeding 60 days and the income on which tax has been levied in the Mainland will be exempt from salaries tax. According to Section 8(2)(j), income fully exempt if present in Hong Kong for not more than 60 days in that Y/A and 120 days in 2 consecutive Y/A. According to Section 8(2), Accrued benefit received under a MPF scheme in respect of employer’s mandatory and voluntary contribution and sum withdrawn from other recognised retirement scheme. And Pension attributable to service rendered outside Hong Kong. (b)Advise him how to provide the following fringe benefits to the employees of the company in a tax efficient manner: (i)a domestic helper (ii)low interest loan (iii)club membership (iv)education fee of child Student free essay sample Homework Assignment (10 points) Question 1 A schematic of the vector p7012 is shown. The restriction enzymes listed cut only where indicated; they do not cut anywhere else in the vector or insert. a) A schematic of gene W is below. You want to clone all of gene W DNA into the p7012 vector. Give three different strategies that you could use to clone gene W into p7012, and obtain colonies that contain a recombinant plasmid. * Strategy 1 uses the restriction enzyme(s) ______Kpnl________ to cut the vector and restriction enzyme(s) ____Kpnl_________ to cut Gene W Strategy 1 uses the restriction enzyme(s) _EcoRL and Sall_ to cut the vector and restriction enzyme(s) __EcoRl and Xhol__ to cut Gene W * Strategy 1 uses the restriction enzyme(s) ___EcoRl and Kpnl___ to cut the vector and restriction enzyme(s) __EcoRl and Kpnl__ to cut Gene W Question 2 You purify a protein from a plant cell that can act as a potential appetite suppressant. We will write a custom essay sample on Student or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Owing to its possible commercial application you decide to clone the gene, Gene A, which encodes this protein. You isolate this gene from the plant cell, clone it into a plasmid vector and amplify it in the bacterial cells. ) You decide to use the following plasmid to clone Gene A. To achieve this you digest both the genomic DNA and plasmid DNA using a restriction enzyme. You then ligate the Gene A DNA into the cut plasmids. Finally, you transform the E. coli bacterial cells with the ligation mix (the recombinant plasmids). Note: The recognition sites for Kpn 1 and Sal1 on plasmid are 1 kb apart. * Which restriction enzyme (Kpn I, Hind III, Sal I or Xho I) did you use to digest Gene A for insertion in to the plasmid? ould not use Sal 1 and Hind III since they cut within gene A. You would also not use Xho 1 since it cuts only on one side of gene A. You would use Kpn 1 since it will give you intact gene A with promoter and has only one recognition site in the plasmid vector. * Which restriction enzyme (Kpn I, Hind III, Sal I or Xho I) did you use to digest the plasmid before insertion of Gene A? Briefly explain why. Kpn 1 as well, ensuring that the vector and insert have complementary ends for ligation. ) You then plate these transformed bacterial cells onto media that will allow you to distinguish between bacterial cells that obtained the plasmid and those that did not. Onto what type of growth medium will you plate your transformation mix? Explain your answer. You will plate the transformation mix in minimal media that contains ampicillin as the selection marker since the bacterial cells have an intact ampr gene. You will not use tetracycline as the selection marker since the tetr gene is disrupted in the recombinant plasmids that have the Gene A insert. Student free essay sample Diversity  refers to the differences between individuals. People differ on all kinds of aspects, both visible and non-visible. Examples of differences are gender, age, skills, tenure, learning styles etc. We find these differences in every workplace, though not all differences are always recognised or seen as relevant. Unity in diversity Unity in diversity  is a concept of unity without uniformity and diversity without fragmentation  that shifts focus from unity based on a mere tolerance of physical, cultural, linguistic, social, religious, political, ideological and/or  psychological  differences towards a more complex unity based on an understanding that difference enriches human interactions. The concept of unity in diversity was used in non-Western cultures such as indigenous peoples in North America and Taoist societies in 400-500 B. C. In premodern Western culture it has been implicit in the organic conceptions of the universe that have been manifest since the ancient Greek and Roman civilizations through medieval Europe and into the Romantic era. We will write a custom essay sample on Student or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Diversity of religion in India Throughout Indias history,There had been many religions which  religion  has been an important part of the countrys culture. Religious diversity andreligious tolerance  are both established in the country by the  law  and  custom. A vast majority of Indians, (over 93%), associate themselves with a religion. According to the 2001 census,[1]  80. 5% of the  population of India  practice  Hinduism. Islam  (13.4%),  Christianity  (2. 3%),  Sikhism  (1. 9%),  Buddhism(0. 8%) and  Jainism  (0. 4%) are the other minor religions followed by the people of India. Languages of India The  Languages of India  belong to several  language families, the major ones being the  Indo-Aryan languages  (a subbranch of Indo-European) spoken by 74% of Indians and the  Dravidian languages  spoken by 23% of Indians. Other languages spoken in India belong to the  Austroasiatic,  Tibeto-Burman, and a few minor language familie s and  isolates. The official language of the Central Government of  Republic of India  is  Standard Hindi, while  English  is the secondary official language. Cuiture of India Indian cultural history spans more than 4,500 years. During the  Vedic period  (c. 1700–500 BCE), the foundations of  Hindu philosophy,  mythology, and  literature  were laid, and many beliefs and practices which still exist today, such as  dharma,  karma,  yoga, and  mok? a, were established. India is notable for its  religious diversity, with Hinduism, Sikhism, Islam, Christianity, and Jainism among the nations major religions. The predominant religion, Hinduism, has been shaped by various historical schools of thought, including those of the  Upanishads,  the  Yoga Sutras, the  Bhaktimovement,  and by  Buddhist philosophy. Indias  languages,  religions,  dance,  music,  architecture,  food, and customs differ from place to place within the country. The Indian culture, often labelled as an amalgamation of several cultures, spans across the  Indian subcontinent  and includes traditions that are several millennia old. Many elements of Indias diverse cultures, such as  Indian religions,  yoga, and Indian cuisine, have had a profound impact across the world. Difference between Andhra Pradesh and Tamil Nadu Andhra Pradesh and Tamil Nadu are two south Indian states. Both are located in the peninsular Deccan plateau, bounded by the Bay of Bengal to the east. Andhra is India’s fourth largest state by area and has the second longest coastline amongst all of the Indian states. AP’s capital is Hyderabad and the official language is Telugu. Tamil Nadu is the southernmost part of Indian peninsula and is the eleventh largest state by area. Since 500 BC it has been the home of the Tamil people with Chennai (Madras) is its capital city. TN is the most urbanized state in India and claims eight UNESCO World Heritage Sites. Economy In comparison to its share of population, Tamil Nadu has the highest number of enterprises in India and is the fifth largest contributor to India’s Gross Domestic Product. It is responsible for the third largest Indian economy in 2008 and is also the most industrialized state in India. TN holds third position on the list of states with the most Foreign Direct Investment (FDI) approvals and has a network of over 100 industrial parks. Andhra Pradesh is called the rice bowl of India and agriculture is its main source of income, however, it is rapidly growing in the fields of Information Technology and biotechnology. In terms of mineral wealth, Andhra Pradesh holds second position and accounts for one third of the total limestone reserves in the country. Tourism Tamil Nadu has the second largest tourism industry in India and it is growing at a rapid rate of around 16%. It is controlled by TTDC- Tamil Nadu Tourism Development Corporation. TTDC promotes tourism with a tagline  Enchanting Tamil Nadu. Botanical gardens in Ooty and Hogenakal Waterfall on Kaveri River are quite famous. Andhra Pradesh is famous for its religious sites and pilgrimages. Triumala Venkateswara Temple, Birla Mandir, Buddha Statue on Hussain Sagar Lake and Ramappa Temple are some of its most famous tourist spots. castes THE FOUR CASTES OR JATIs in Hinduism are Brahman Kshatriya Vaishya Shudra Favourite Indian Cuisine, Popular Foods of the People #1: Andhra Pradesh  You will love Andhra Pradesh especially if you like spices and chillies. This food is consumed in regions where most people are vegetarians. They had to invent delicious foods to be able to cope with their self imposed condition. eg- Hyderabadi Biryani, Mirchi salan, Ghongura pickle, Korikoora. #2: Goa  Goan cuisine comes from the region of Goa. The actual region is located on the Arabian Sea coast. Its main influences are Hindu, Portuguese and certain contemporary techniques. The cuisine is intensely sea food based. The Kingfish is the symbol of the Goan cuisine. Student free essay sample This paper will compare and contrast two of the most leading psychologists who paved the way we understand the small details of your life to the greater choices in your life; Sigmund Freud and Erik Erikson. The paper will focus on the similarities and differences between Freud’s and Erickson’s Psychoanalytical theory. Freud was one of the very first influential psychologists who changed the way we study humans. Erikson recognized Freud’s contributions, and although he felt Freud misjudged some important dimensions of human development, he was still influenced by Freud, which caused some similarities in their theories. When it comes to Freud and Erikson, they both shared similarities within their views on psychoanalytical theories. Even though Freud believed in the six stage model, Erikson eight stage model is similar with different thoughts. The first similarity that both psychologists’ theories is based on the same age bracket. The first stage is from birth to one year. We will write a custom essay sample on Student or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The second stage is about one year to age three. The third stage is age three until approximately age six. The fourth stage is from age six to approximately eleven years old. The fifth and sixth stage is adolescence and adulthood. After Freud adulthood stage, Erikson continue onto two more stages and this is where they draw a farther difference in Freud Psychosexual theory and Erikson Psychosexual. The next similarity between Freud and Erikson is that they both theorized that bad experiences in early childhood can produce negative effects which may trigger bad decisions by an adult and inadequate progress through later stages in life. According to an interpretation of Freud’s theory, adults may be stuck in unconscious struggles rooted in a childhood stage if they smoke cigarettes (stuck in oral stage) or keep careful track of money (anal) or are romantically attracted too much older partners (phallic). (Berger, 2008, p. 35) A good example is that my brother was disciplined greatly by mother and father as a child for bedwetting and now as an adult he possesses an anal personality towards his children from bedwetting. This idea is replicated in Erikson’s Autonomy vs. Shame and Doubt stage. Erikson felt during this stage that children would become a self-sufficient human being or doubt anything that can do. For example, some children at this age will crawl, walk, run with no hiccups or doubt themselves and stand up to walk, but immediately fall down after one step. Even though, the stages between Freud and Erikson are different they do agree that if parents are too strict with their children, it can lead to an unhealthy feelings as they grow older. Even though Freud and Erikson’s theories were similar, there were many differences. One of the distinct differences between Freud psychosexual theory and Erikson psychosocial theory is that Freud leans toward the development in the first six years occurs in three stages, each characterized by sexual pleasure centered on a particular part of the body. (p. 35) Erikson’s psychosocial theory differentiates from the Freud’s six stage psychosexual theory. Erikson theory associates eight stages of development throughout life. Erikson stages focus purely on significant social interactions, each stage the individual is confronted with a new social demand they must overcome. For example in stage one (trust vs. mistrust), Erikson proclaims that during the first year the babies either trust that others (parents or caregivers) will care for their basic needs. Unlike Freud first stage (oral stage), the lips, tongue, and gums are the focus of pleasurable sensations in the baby’s body, and sucking and feeding are the most stimulating activities. (p. 36) Another important difference between the two theories is the different number of stages and how each believes development ends at different ages. As mentioned earlier, Freud’s theory is only six stages, and he feels important help shape development happens earlier in life. The final stage (Genital Stage) of Freud theory happens at the start of puberty, and ends when the individual is finished the same time as puberty. Erikson believed something totally different. Erikson felt that development occurs throughout life, from birth to old age. Erikson stages begin with Trust vs. Mistrust, which helps the baby develop to trust the caregiver. The final stage is Integrity vs. Despair, which occurs during old age which is when the individual begins to assess how they lived their life. Through their theories, accomplishments and lives we can notice many differences and similarities between them both. From Freud’s psychosexual stages to Erikson eight psychosocial stages, it is easy to see that these two psychoanalytic theorists have made a launching pad for all psychologists and people to study and reflect as we develop in our lives as we grow.