Application of Financial Statement Essays - Financial Statements

Assignment #1 ? Application of Financial Statement Select either the balance sheet or income statement and explain how the use of it may be applied to your everyday life. According to Weygandt, Kimmel, and Kieso (2010), ?an income statement presents the revenues and expenses and resulting net income or net loss of a company for a specific period of time? (p. 21). Using an income statement in one?s personal everyday life allows you to document and track monthly or annual income and expenditures for personal budgets. Income statements can be used to gauge your incoming funds and match them to the amount of funds that you?ve limited yourself to use for a determined amount of time. There are many beneficial incentives to using personal income statements. Using income statements is a great way to monitor both monthly and annual expenses. Just as income statements contain the list of expenses for a business (e.g. salaries expense, rent expense, and utilities); income statements can also be used on a personal basis to list one?s car payments, rent/mortgage, groceries, auto fuel and even entertainment. Monitoring monthly expenses, as well as income, income statements permits oversight of one?s financial health. You are able to see where you are spending in excess and where you can cut back on unnecessary expenditures. A well-structured and managed monthly or annual income statement will allow one to budget better and save more for those unexpected emergencies. Utilizing income statements to document and manage personal finances also ensures your records are in order for state and federal tax purposes. According to the Windes and McClaughry Accountancy Corporation (2011), ?Of the 142,823,105 total individual income tax returns with a filing requirement, 1,581,394 were audited. To translate the number into percentage, it is approximately 1.1%, slightly higher than the 1% rate for the previous year. Of the total number of individual income tax returns audited in FY 2010, 473,999 (30%) were for returns with an earned income tax credit (EITC) claim, which decreased from the 35.64% of all audited returns for FY 2009? (p. 1). Maintaining accurate accounts of income and expenditures can ease your tax filing preparations and support you if there is a possibility of being audited by the IRS. Using the same concept selected above, discuss how a business manager may benefit from an understanding of this statement. The income statement provides a business manager with insight into the profitability of the company. It is in the business manager?s best interest to understand the income statements to assist them in monitoring both their monthly and annual expenses. Both private and public companies have a fiduciary duty to use standard income statements and to pay taxes. In order to calculate taxes, you have to determine how much income the company makes. This is done by the use of income statements. Also, using income statements is a good way for a business manager and company owners to ascertain how the business is doing financially and what may need to be improved. Discuss how your understanding of the balance sheet and income statement may be applied to your current or future position. According to Weygandt et al (2010), ?a balance sheet reports the assets, liabilities, and stockholders? equity of a company at a specific date? (p. 21). A balance sheet is similar to a credit report. In my current position as a Contracting Officer?s Representative (COR) for the federal government, I administer contracts for software licensing. Keeping accurate records of my agency?s budget and expenses is vital in my position as a COR. One of my primary roles is to maintain financial management controls and coordinate with resource managers on all actions relating to funding. Relative to the contracts I manage and the balance sheet, the software is the asset and the balance owed to the vendor by the government who supplied the software is the liability. My agency also uses office supplies. The supplies purchased are the asset and of course, the bill owed to the supplier is the liability. I make every effort to maintain an error free ?credit report? when providing management with budg et and contract status. To assist me in managing the contracts and purchases, I maintain a detailed record of the agency?s

I Know What You Did Last Summer by Lois Duncan essays

I Know What You Did Last Summer by Lois Duncan essays Although there are a lot more main characters than just two in the book I Know What You Did Last Summer, the two that stood out the most to me are Helen Rivers and Raymond Bronson. Helen Rivers was beautiful. She was the Golden Girl (or in other words, Weather Girl). Helen had brown hair with honey colored highlights, violet eyes with long, blue-black lashes, a nice body, and a good sized bust. Helen figured since her family was poor, and she wasnt the greatest in school either, that she would use her looks to get by. Raymond or Ray on the other hand was also very attractive. He was short; five-foot-eight. He was lean, and light-boned, and not very muscular. He had brown hair which hung over bright green eyes. Ray was also a very smart man. In I Know What You Did Last Summer, Julie James is accepted to Smith College, but when she gets her mail, she receives an anonymous note that has no return address marked. Julie nearly faints when she reads the seven words printed in black ink: I KNOW WHAT YOU DID LAST SUMMER. All of a sudden, strange things started happening to Julie and her friends. Helen Rivers, her best friend, had her house broken into. Luckily, no one was attacked. Helens boyfriend, Barry Cox, was shot in the stomach. All of these things happened because of the one thing they know they did last summer; they killed a kid riding on a bicycle after a picnic in the mountains. They had all been drinking a little and smoking a little weed. They couldnt see him riding his bike in the dark, because the bike had no reflectors. They panicked, and left the boy lying there, dying. They called the police and left. The memory would haunt them forever. The climax of this book is when you find out who the killer is. It explai ns a lot of things that the book told you in the beginning. The book I Know What You Did Last Summer shows the universal theme Man vs. Man, because Julie, Ray, Barry, and ...

Of Pandas, People, and Propaganda Essay Example | Topics and Well Written Essays - 1500 words

Of Pandas, People, and Propaganda - Essay Example This holds that the acquisition of knowledge can be explained by justified true belief. Justified true belief was defined by Plato in his work Theatetus. This says that in order for anyone to truly know a thing, that thing: must be true; we must believe it; and there must be sufficient evidence for it (i.e., it must be justified). "If a belief is justified, there is something which justifies it. The thing which justifies a belief can be called its justifier. If a belief is justified, then it has at least one justifier What sort of thing can be a justifier Three things that have been suggested are: beliefs only; beliefs together with other conscious mental states; and beliefs, conscious mental states, and other facts about us and our environment (which we may not have access to)" (Answers.com, 2005). Gettier posed the question: "Is justified true belief knowledge" In his paper, Gettier set forth conundrums which he believed demonstrated a fallacy with justification of belief into know ledge. d. Jones is the man who will get the job, and Jones has ten coins in his pocket. Smith's evidence for (d) might be that the president of the company assured him that Jones would in the end be selected, and that he, Smith, had counted the coins in Jones's pocket ten minutes ago. Proposition (d) entails: Let us e. The man who will get the job has ten coins in his pocket. Let us suppose that Smith sees the entailment from (d) to (e), and accepts (e) on the grounds of (d), for which he has strong evidence. In this case, Smith is clearly justified in believing that (e) is true. But imagine, further, that unknown to Smith, he himself, not Jones, will get the job. And, also, unknown to Smith, he himself has ten coins in his pocket. Proposition (e) is then true, though proposition (d), from which Smith inferred (e), is false. In our example, then, all of the following are true: (i) (e) is true, (ii) Smith believes that (e) is true, and (iii) Smith is justified in believing that (e) is true. But it is equally clear that Smith does not know that (e) is true; for (e) is true in virtue of the number of coins in Smith's pocket, while Smith does not know how many coins are in Smith's pocket, and bases his belief in (e) on a count of the coins in Jones's pocket, whom he falsely believes to be the man who will get the job" (Gettier, 1963). Gettier demonstrated that knowledge is not acquired as simply or straight-forwardly as philosophers had assumed for over 2000 years. Factual knowledge is not as simple or self-evident as it so often seems to be. Thus, the process of learning cannot be taken for granted. Questions about learning and the acquisition of knowledge need to be posed that can apply to all disciplines, including the natural and social sciences, history, the arts, mathematics, and language. Definitive answers are hard to come by. "'What is Truth' said jesting Pilate, and would not stay for an answer," wrote Francis Bacon in his Of Truth, Essays or Counsels Civil and Moral (Theory of Knowledge, 2005). Philosophers have studied the topic of epistemology ever since the time of Plato. Several different theories of the learning process have gained hold in Western

Persuasion and Public Opinion Assignment Example | Topics and Well Written Essays - 2250 words

Persuasion and Public Opinion - Assignment Example However, this time the basic argument revolved around the Obama Care. In order to further understand the real reasons for the shutdown it is important to first analyze the Care Act of President Obama which is primarily responsible to ensure affordable healthcare throughout the nation. As the name indicates the Obama Care is solely based upon providing accessible health opportunities to the American people. It was initiated in 2010 whereas people are required to get their registrations until 2014 (Repeal ObamaCare or Defund ObamaCare?, 2013). Thereafter they would be able to gain extra health benefits including all the preventive services. Additionally it will give the health insurance by simply regulating the existing laws and increasing the rights of the insurers. Obama Care became the main cause of shutdown in October 2013 because the Republicans were aiming to defund it. In fact they insist that the new budget must disrupt the funding for the affordable care act of Obama while in contrast to this the Democrats persist over their position and refuse to accept the bill (Cowan, 2013). Reaction of Republicans and Democrats Although the healthcare law isn’t directly associated with the budget of US government or the financial plans but it has been used as a persuasive technique by the Republicans. For instance, they argued that the President’s domestic policy is going to severely harm the country and its economic position. This was further related with the much deeper ideas of the Affordable Care Act and the Patient Protection which actually requires the American people to go for a health insurance. Consequently, the employers... This essay stresses that on October 1, 2013, America stimulated a fractional shutdown of the government. This primarily happened because the ruling political party was unable to accept the idea of reducing the federal spending. Consequently, the national government had to undergo a shutdown which affected thousands of government officials whereas most of the important government services were delayed. This discussion explores that the healthcare law isn’t directly associated with the budget of US government or the financial plans but it has been used as a persuasive technique by the Republicans. For instance, they argued that the President’s domestic policy is going to severely harm the country and its economic position. This was further related with the much deeper ideas of the Affordable Care Act and the Patient Protection which actually requires the American people to go for a health insurance. Consequently, the employers would be affected and the finances would go beyond the limits of federal government. In addition to this, the Republicans also tried to gain the weightage of public opinion by stating that the burden on employers in form of medical taxes would eventually increase the chances of oversea jobs. Republicans basically tried to persuade the employers so as to gain their consent and support in the entire case. They did so because the medical taxes and i nsurances are largely supposed to increase the expenses of employers.

Traffic Accidents Essay Example for Free

Traffic Accidents Essay Traffic accidents are on the rise these days. Most of the accidents caused injuries or either worse death. Research have found that most of the accidents are caused by inexperienced drivers, for example young drivers. Young drivers tend to be more daring and are unable to avoid a crush when they face one. They tend to be more daring after drinking alcohol at night and this causes them to lose control of the car. Drunk driving will not only risk a person’s own life but may also cause an innivent life to be lost. The government should encourage the driving school to conduct driving lessons foryung drivers for a longer period. This will give them a clear picture about how accidents happen and teach them about the safety of others on the road. Drivers that have been in an accident after drunk driving should be ban from driving for at least two years and be given driving lessons again. However, for the aged drivers, the government should not only lowered the age limit but also check the capability of the aged drivers for instance eyesight, hearing and other related health conditions to ensure safe driving. It does not mean that an aged person are not fit to drive and has a problem with the heart but a young or a middle aged person could also have heart failure these days. To conclude, I feel that to raise the agelimit of young drivers arenot the best solution but to give them more driving lessons about the problems they may encounter on the road and to ban them from driving if they have caused an accident due to carelessness. As for the age drivers, as long as they are capable on the road before a certain age and there are no health issues there shouldn’t be a problem.

Spam: Junk Email Essay -- Research Papers E-mail Essays

Spam: Junk Email The fictional story â€Å"The Case of the Spam Stalker† was based on my research and interest in the topic of junk email or spam. I was able to think of this topic because of the unbelievable amount of junk email that I was receiving at my America Online email account. In fact, I received so much junk mail that I decided to switch to another account with Lycos. Because I was having so much of a problem with unwanted mail, I figured that there were many more people with this problem. Hence, I decided to do my research project on junk email, otherwise known as â€Å"spam†. Similarly, my story involves the main character having to switch her email accounts because of the increasing volume of junk mail that she received. Throughout the story, the character presents situations in which she is able to inform the reader of what spam is, where it comes from, how to get rid of it, and what the laws are concerning spam. In order to start this story, I first had to research. The majority of my research came from internet databases that I found through the James Madison University website. However, I also managed to find one book by Geoff Mulligan on the subject of removing spam. The major areas of my story that feature my research results are, I think, obvious. The first occurrence of my research appearing in the story is when the main character, Dorian, complains to her friend Tony about the amount of spam she gets at her AOL account (Dvorak). When Tony proceeds to explain to Dorian that if she upgrades to AOL version 8 then spam wouldn’t be a huge problem (Business Wire); and when he tells her how spam got into her account through message boards and member directories (Mulligan), are other examples... ...ces Using Filters, Other Tactics To Combat Spam.† Internet World. 19 Oct. 1998. Lexis Nexis Academic. James Madison University, Carrier Library. 1 Apr. 2003. . Hill, Steve. â€Å"Unwanted. Unwelcome. Unstoppable?: Lovely spam, wonderful spam!† Internet Magazine. Dec. 2001. Infotrac. James Madison University, Carrier Library. 1 Apr. 2003. Mulligan, Geoff. Removing the Spam: Email Processing and Filtering. Reading: Addison Wesley, 1999. Warner, Janine. â€Å"How much does spam really cost?† The Miami Herald. 10 Mar. 2003. James Madison University, Carrier Library. 1 Apr. 2003. .

Post operative care Essay

Whilst the patient is in PACU, identify and discuss airway management (and rationales) as related to the case study (400 words) The post-operative patient is at risk for respiratory problems due to ineffective airway clearance related to changes in pulmonary physiology and function caused by anaesthetics, narcotics, mechanical ventilation, hypothermia and surgery. With increased tracheobronchial secretions secondary to the effects of anaesthesia, combined with ineffective coughing, and decreased functions of the mucociliary clearance mechanism. (Monahan, Neighbors, & Green, 2011) Oxygen is commonly in place as it supports the elimination of anaesthetic gases and helps meet the increased metabolic demand for oxygen caused by the surgery (deWit, 2009). The sedation and muscle relaxation drugs used often cause the tongue to occlude the airway and for that reason endotracheal tubes or artificial airways are not removed until clients are awake and able to maintain their own airway (Berman & et.al, 2012). During the immediate post anaesthetic stage an unconscious client is positioned on the side, with the face slightly down, without the support of a pillow. In this position gravity keeps the tongue forward, preventing obstruction of the pharynx and allows the drainage of any mucous or vomitus out of the mouth rather than down the respiratory tract (Berman & et.al, 2012). Suction should always be readily available to clear secretions. Alternatively if the patient cannot be positioned on their sides the airway can be opened by moving the jaw forward (the nurse’s fingers are placed behind the angle of the jaw, lifting it forward. As the Jaw moves, the tongue comes forward, opening the airway. (deWit, 2009) An artificial airway is maintained in place and the client is suctioned as needed until cough and swallowing reflexes have returned. Generally the client will spit out the oropharyngeal airway when coughing returns and the swallowing or gag reflex it intact (Berman & et.al, 2012) Auscultate the lungs carefully for abnormal sounds as this can indicate retained secretions. Encourage deep breathing and coughing every 2 hours or more for the first 72 hours post operatively. (Monahan, Neighbors, & Green, 2011) Assess the rate and depth of respirations as Hypostatic pneumonia occurs when lack of movement causes stasis of secretions encouraging bacteria  growth. Be certain to turn the patient every 2 hours as this changes the distribution of gas and blood flow in the lungs and helps move secretions. (deWit, 2009) Facilitate deep breathing and coughing by demonstrating how to splint abdominal and thoracic incisions with hands or a pillow. If indicated medicate  ½ hour before deep breathing, coughing or ambulation to promote adherence (Monahan, Neighbors, & Green, 2011) In order of priority, using evidence based literature, identify and discuss the nursing interventions (and rationales) required to care for the chosen patient in the first 24 hours upon returning to the ward. Nursing intervention/care presented needs to be accurate, relevant and Specific to the chosen case study. During the initial hours after returning to the ward the primary concerns for the nursing staff are that the patient has adequate ventilation, haemodynamic stability, no incisional pain, surgical site integrity, Post anaesthesia nausea and vomiting are under control, stable neurological status and that the patient is spontaneously voiding. (Smeltzer & Bare, 2011) Pulse rate, blood pressure and respiratory rates are recorded at least every 15 minutes for the first hour and then every 30 minutes for the next 2 hours. Temperature is monitored every 4 hours for the following 24 hours (Smeltzer & Bare, 2011). Assessments of the patient are to be done at frequent intervals during the first 24 hours postoperatively looking for indications of internal haemorrhage and impending shock. This includes pallor, diaphoresis, cool extremities, delayed capillary refill, restlessness, agitation, mental status changes and disorientations or an impending sense of doom (Monahan, Neighbors, & Green, 2011) . During the initial postoperative period it is important to orientate and reorientate the patient to person, place and time. Informing the client that the surgery is over and that everything went well. Repeating this information until the patient is fully awake and orientated helps to reduce anxiety and confusion (Monahan, Neighbors, & Green, 2011) Margaret is placed in a semi Fowlers position after she recovers from anaesthesia. Aside from being more  comfortable and having less strain on the sutures, the patient will also be able to take deep breaths and cough more easily in this position. (deWit , 2009) Pain assessments should be conducted during each observation for behavioural and physiologic indicators such as facial tension, grimacing, moaning, diaphoresis, increased BP, increased pulse and respiratory rates. (Monahan, Neighbors, & Green, 2011) Use any PRN doses of pain relief medications before pain becomes severe as well as before painful procedures, ambulation and bedtime ask the patient to describe the pain including description, location, and intensity and aggravating and alleviating factors (Monahan, Neighbors, & Green, 2011) Administer pain relief according to the World Health Organisations three step analgesic ladder. If the patient is still in pain some non-pharmacological pain control such as heat or cold packs, tens machines, massage, or distraction techniques may be helpful (Monahan, Neighbors, & Green, 2011) An assessment of the abdomen every 4-8 hours by inspection, auscultation, palpation and percussion for looking for any indications of distention and listening for signs of bowel sounds in all 4 quadrants of the abdomen (Berman & et.al, 2012). Monitor vital signs every 4-8 hours be alert to changes consistent with dehydration including decreasing blood pressure, increasing heart rate and slightly increased body temperature, dry skin and mucous membranes, skin turgor, diminished intensity of peripheral pulses and any alterations in mental status. Monitor the patients urine output and concentration. Checking the NPO status and in the absence of post anaesthesia nausea or vomiting introduce oral foods and fluids cautiously (Monahan, Neighbors, & Green, 2011) As Margaret has a BMI of 30 she is considered obese. Obesity is known to increase morbidity and mortality in the general population and thus is perceived as a risk factor contributing to postoperative complications such as pneumonia, wound infections and wound separations. (Doyle, Lysaght, & Reynolds, 2009) From a surgical perspective, obesity has long been considered a risk factor for adverse post- surgical outcomes as it is associated with pulmonary disorders including obesity hypoventilation syndrome, atelectasis and pulmonary embolism, as well as a possibility of cardiovascular, and wound healing complications. (Doyle, Lysaght, & Reynolds, 2009) Overweight patients are  also vulnerable to pressure ulcer formation due to positioning required for surgery therefore the perioperative nurse must provide adequate padding and other measures to protect the client’s skin. (Berman & et.al, 2012). Obesity can increase the risk of wound dehiscence both directly by increasing tension on the fascial edges at the time of wound closure, a nd indirectly, by increasing the risk of wound infection which is also a risk factor for wound break downs. (Doyle, Lysaght, & Reynolds, 2009) Margaret is placed in a semi Fowlers position after she recovers from anaesthesia. Aside from being more comfortable and having less strain on the sutures, the patient will also be able to take deep breaths and cough more easily in this position. (deWit, 2009) The use of incentive spirometer and other respiratory devices (Monahan, Neighbors, & Green, 2011) can also help to reduce the incidences of respiratory issues. Drainage must be checked frequently for signs of fresh bleeding, the drain is left in place as long as necessary and is then removed by the surgeon (deWit, 2009) The nurse needs to determine the colour, consistency and amount of drainage for all tubes and document accordingly (Berman & et.al, 2012). Evaluate patency of all surgically placed tubes or drains. Monitor insertion sites for indications of infection. Warmth, swelling, tenderness and unusual drainage. (Monahan, Neighbors, & Green, 2011). The wearing of compression bandages and the promotion of calf pumping, ankle circling, and foot board- pressing exercises to encourage circulation and prevent thrombophlebitis in the lower extremities (Monahan, Neighbors, & Green, 2011) Constipation can all be related to immobility, the use of opioid analgesics, dehydration and disruption of abdominal musculature. Auscultate each abdominal quadrant for at least 1 minute to determine presence of bowel sounds. Treatment is usually through stool softeners, high fibre diets and hydration (Monahan, Neighbors, & Green, 2011). Encouraging early and frequent ambulation can also help to improve gastrointestinal motility and to reduce abdominal distention by the accumulation of gases. (Monahan, Neighbors, & Green, 2011) As part of your role as a primary nurse for your patient, you are required to initiate discharge planning. Identify the allied health professional/s you would refer your case study patient to and discuss the rationale behind your referral, what treatment may this health professional/s provide. (300 Words) For Margaret’s discharge I would refer her to the following allied health professionals. Dietician- Would work with Margaret with the intention to assist her to reach optimal health and weight loss through food and nutrition. Providing expert nutritional advice for people of all ages and can prescribe dietary treatments for conditions such as obesity, diabetes and gastrointestinal diseases (Nutrition Australia, 2014) Post-acute care- Is a program that ensures a safe discharge for hospital by providing people with community based supports to help them recover in their home or community and to reduce the risk of readmission to hospital. Assessments of the persons needs are performed and includes the person’s healthcare and psychological needs. It includes community nursing, personal care, home care and allied health such as physiotherapy. (Monash Health, 2014) Wound care nurses or District nurses to help with: Client education for self-care †¢ Appropriate dressings/bandaging based on diagnosis and patient lifestyle preferences †¢ Cleansing and debridement of wound †¢ Hygiene (cleansing self and wound waterproofing as required) †¢ Diet (the importance of essential vitamins and minerals as required) †¢ Signs and symptoms of complications †¢ Bandaging/dressing techniques †¢ Exercise regimes †¢ Lifestyle factors/changes †¢ Disease process and health maintenance †¢ Prevention of recurrence (Fremantle Hospital and Health Service, 2012) †¢ Pain management †¢ Medications †¢ Analgesics †¢ Topical antimicrobials/antifungals †¢ Local anaesthetics †¢ Topical corticosteroids †¢ Oral antibiotics Follow up GP appoint to discuss any further issues and to remove any sutures if not done by the district nurses. References Berman, & et.al. (2012). Kozier and Erbs Fundamentals of Nursing. Frenchs Forest: Pearson. deWit, S. C. (2009). Medical- Surgical Nursing Concepts and Practice. Missouri: Saunders Elsevier. Doyle, S. L., Lysaght, J., & Reynolds, J. V. (2009). Diagonositc in Obesity and Complications. Obesity and post- operative complication undergoing non-bariatric surgery. Obesity Reviews, 875-886. Fremantle Hospital and Health Service. (2012). Nurse Practitioner Wound Management- Clinical Protocol Minor Surgical Procedures. Fremantle: Department of Health. Monahan, F. D., Neighbors, M., & Green, C. J. (2011). Swearingen’s Manual of Medical-Surgical Nursing: A Care Planning Resource. Maryland Heights: Elesevier Mosby. Monash Health. (2014). A world of healthcare. Retrieved August 29, 2014, from Monash Health: https://www.monashhealth.org/page/Services/Services_O_-_Z/Post_acute_care/ Smeltzer, S. C., & Bare, B. G. (2011). Textbook of Medical-Surgical Nursing (2nd Australian And New Zealand ed. ed.). (M. Farrell, & J. Dempsey, Eds.) Sydney: Lippincott Williams & Wilkins Pty Ltd.