Tuesday, October 29, 2019

Fair value accounting Coursework Example | Topics and Well Written Essays - 2500 words

Fair value accounting - Coursework Example Fair value accounting has been an important aspect of US GAAP (United States Generally Accepted Accounting Principles) for over five decades yet its implementation increased significantly since issuance of Fair Value Measurement Standard (FAS 157) in 2006 by the Financial Accounting Standards Board (FASB) (Ryan, 2008; Khan, 2010). Fair value accounting, which is also known as mark to market accounting, gained considerable amount of spotlight as a result of its controversial role in the financial crisis of 2007-08. Critics argued that if fair value accounting does not have direct role in the crisis, it at least exacerbated the severity of the crisis. The prominent allegation suggests that fair value accounting results in heightened leverage during the market boom period while market bust resulted in excessive write-downs. The write-downs resulted capital depletion for financial corporations, required them to sell assets, and thereby initiated downward spiral (Ryan, 2008; Laux and Leuz, 2009). The paper scrutinizes the accusation against the accounting approach with respect to various facts. Additionally, the paper assesses benefits and weaknesses of the fair value accounting which has further been compared with traditional accounting for better evaluation. i. In an illiquid market, fair value accounting can be considered as a weakly defined concept that focuses on hypothetical transaction price which cannot be measured in a reliable manner irrespective of any kind of guideline that is provided by the FASB. ii. Studies suggest that when fair value of an asset or a liability is determined from a source that is different from the liquid markets, the scope of engagement of the corporation in certain accounting behaviour such as discretionary income management increases due to unverifiable nature of the information regarding fair value. iv. Under this accounting approach, recognition of

Sunday, October 27, 2019

Consequences Of Passive Listening English Language Essay

Consequences Of Passive Listening English Language Essay Passive listening occurs when a person is fully aware of a lecture, Conversation, or something audio that is going on in his or her presence but the person does not react to it. This essay is going to attempt to explain in details the consequences of passive listening. A passive listener does not interrupt the speaker or perform any action whatsoever at the same time in which the speaker is delivering his or her speech. In most cases, a passive listener does not nod his or her head, make appropriate facial expressions, and make eye contacts with the speaker or any other action that indicates whether a person is paying attention or not. When a person concentrates on making non-verbal cues (nodding, eye contacts and so on), then he or she is probably not paying much attention in other words, listening passively because those actions come naturally to a person who is actively listening i.e. he or she does not have to concentrate on doing them. In some cases, passive listening is associated with students in the class room. A student who is listening passively to a lecture barely pays attention to details but at the end of the lecture, the student tends to remember 10% or less of the information passed through during the lecture session. This is because although the student was not paying much attention to the details, the student will zone in and out of his or her mind at regular intervals and in the process accidentally take in some valuable information. Usually, passive listening in students is caused by a dull lecture or an interruption in which a student is attracted to for example, cell phones. It is not always the fault of the lecturer because some topics are uninteresting by nature. Despite all the reasons and excuses a student might have for his or her lack of interest during lectures, the consequences for this action will have to be put into consideration because it can adversely affect a persons academic participation and result. Listening passively without checking in on a conversation to verify that you have a message correct often leads to communication error. By simply being in a conversation without interjecting questions or active statements that uncover the speakers real message, a persons personal ideas might begin to form about what the message might mean instead of what the message actually means. An example is when an apprentice technician joins the audience in an inaugural lecture. If he listens passively, he will only manage to listen to the sounds, he will not be able to meaningfully identify the spoken signals not to talk of correctly interpreting what is being said. This will result in errors in the persons solutions or answers. If a person is listening passively, then the person is not speaking. Effective communication allows both the message sender and the receiver to express themselves in an even exchange of ideas. A passive listener can be compared to a rock, you can see it and you know it is there, but it does not seem to be absorbing anything that you are saying. The reason why passive listening is mostly associated with students is because it occurs mainly with teenagers. Passive listening requires a lot of focus because a passive listener severely focuses on what he or she is listening to but is not doing anything apart from listening meaning he or she is not absorbing any information. The strain on unmonitored focus affects a persons ability to understand. A person can store information correctly in the brain only when both the mind and brain of the individual are relaxed. Straining the brain to listen without any interest on details therefore results in a persons lack of understanding, wastage of time and possibly head ache or brain clogging. Some other practitioners of passive listening techniques are those attempting to learn a foreign language the audio way that is through an mp3 player or an audio CD player. This is common because when advertising these products, the marketing team make promises of satisfying results to whoever uses them. They include attractive slogans like learn French the easy way just by listening to this audio CD while finishing your chores. If a person is performing a task while listening to something, then the person is listening passively. The shocking truth is that passive listening cannot get a person to fluency in a language because it ever rarely produces any good results. What is even worse is that it will not help the ability of the person to understand the language he or she is attempting to learn. It is a fact that a passive listener is unable to correctly store, interpret and recall information, this fact also applies to a language learner who is listening passively. In plain words, a language learner who is listening passively will not be able to store, interpret and recall what has been said because language learning needs some amount of focus and understanding. In some cases, a person does not deliberately listen passively to a lecture or speech, passive listening can occur due to absent mindedness. In this situation, the source of this action is either the speaker or the listener. The speaker can be the cause of passive listening in an individual if his or her voice volume is too low and the listeners will have to strain their ears to listen. There will come a point in time when the listeners will finally give up on listening to the lecture because they are tired of straining their ears and the rest of the valuable information the speaker has to deliver will pass by the listeners ears and go to waste. There is also the case of complexity. When the speaker is using too many complex words or unnecessary issues and details, the listener tends to zone out and start to imagine all sorts of consequences for the discussion at hand and in the process missing out on some of the important key points. The listeners can also be at fault because at tim es, they focus on passing judgment on the speaker, topic or lecture so much that they forget the currently important speech they are supposed to be actively listening to and as a result they listen passively and miss out on the most important parts of the lecture. In my research I have learnt that the word consequence means outcome. The outcome of an event can be both good and bad since everything that has an advantage has a disadvantage. Everything I have mentioned on passive listening so far has been negative but it also has its own advantages.

Friday, October 25, 2019

Cliques :: essays research papers

Cliques are small groups of between two and twelve people most of the time. Cliques are mall enough that the members feel that they know each other better than do people outside the clique. Members of a clique share common activities and friendships. They are social settings in which adolescents â€Å"hang out†, talk to each other, and form closer friendships. Groups of friends, called cliques can be important for social upgrading, but in most cases the enormous power and effects of these cliques can create alienation, exclusion, and destructive results. In my high school, as well as every other high school in America there are social groups of individuals, called cliques , that effect every individual whether they are an insider or an outsider. Generally there are the cool cliques , the athletic cliques, the punk (goth, freak) clique, the surfer clique, the smart clique, and the average clique. Almost everyone finds their place in one of these cliques, but there are always a few outsiders who go through high school never knowing where they belong. These are the people who are constantly ridiculed, picked on , and talked about day in and day out. The effects can be devastating, even deadly. In Littleton, Colorado two outcast teenagers came into school one day and began shooting, targeting the athletes and other students who had made their lives awful by ridiculing them constantly. â€Å"Seniors Eric Harris and Dylan Klebold stormed their suburban Denver school with guns and bombs on April 20 1999, killing 12 students and a teacher before taking their own lives.† Augustana University education professor Larry Brendtro explained â€Å"kids who feel powerless and rejected are capable of doing horrible things.† A high school student, Jason Sanchez understands why the two outsiders snapped by saying â€Å"If you go to school, and you don’t have friends, it drives you to insanity.† So what do these lonely outcast kids do if everyon e rejects them? Roger Rosenblatt discusses in his article, â€Å"Welcome to the Works of the Trench Coat†, how kids will â€Å"discover self-worth by hating an enemy.† The kids of Columbine for example â€Å"look alike; they conceal differences. People who are attracted to clans and cults seek to lose their individuality and discover power and pride in a group.

Thursday, October 24, 2019

Current Market Conditions Competitive Analysis Essay

Before investing time, money, and resources into new product development, every company must fully understand the existing market competition. Analyzing competitors in depth will help a company determine future potential success of the new product segment. Though Keurig is the industry leader in coffeemakers and coffee portions, they too experience factors affecting supply and demand. In addition, Keurig often sees many attempts to compete with their product. However, it is important to note that even the competition has great potential. The critical points of researching the current market include knowledge of any issues that may affect long-term profitability as well as how the company can compete in the market. With successful research and analysis, the company can consider ways in which they can maximize their success and profit-making potential in their new market. Keurig Products Founded in 1992 by John Sylvan and Peter Dragone, the Keurig leads today’s market with a single brew technology that revolutionized the way many people drank morning coffee (McGinn, 2014). The chosen name â€Å"Keurig† means a form of excellence and is a name Sylvan found in a Danish-English dictionary (McGinn, 2014). The company took years to develop with minimal success and changed hands in 2006 (McGinn, 2014). Green Mountain Coffee Roasters, Inc. purchased Keurig in 2006 and turned the company into a multi-billion dollar company (Keurig Green Mountain, Inc., 2014). In the 2010 fiscal year, Keurig sold more than $330 million worth of single-cup brewers and more than $800 million worth of the single K-Cups (McGinn, 2014). What began as an office-based machine is now available in more than 9,000 retail stores for the home (Keurig Green Mountain, Inc., 2014). The Keurig is a single-portion machine that brews a consistent single cup of coffee every time the machine runs a cycle. Through patented technology, the Kuerig system includes three components unique to the company (Keurig Green Mountain, Inc., 2014). The three components include their unique single-cup brewer, the patented K-Cup, and one of the largest selections of gourmet  teas, coffees, and hot cocoas (Keurig Green Mountain, Inc., 2014). First, the brewer combines the precise amount of water with temperature and water pressure for consistent flavor every brew time (Keurig Green Mountain, Inc., 2014). Second, the K-Cups combine roaster specifications with filters and barriers to produce the most flavorful and consistent cup of coffee with every brew (Keurig Green Mountain, Inc., 2014). Last, the Keurig system offers more than 170 varieties with blends from 12 brands (Keurig Green Mountain, Inc., 2014). Defining the Market According to Mifflin (2014), the Keurig system offers something that many of the competitors do not. Keurig offers the ability to brew fresh cups and blends for less than ten cents per cup (Mifflin, 2014). The savings with this system is significant in that competitors cost around $.45 to $.50 each with similar types of single coffee pods and capsules (Mifflin, 2014). Because of this cost saving, yet advanced technology, Keurig’s target market includes both employees of the corporate world and households. The methods and strategies of their market include not focusing solely on the commercial office segment, but including the household as well as the home office segments. The Keurig plans included a successful rollout into the commercial and home office segments, which then can provide a springboard for the launch into the household segment. Keurig has many competitors but Starbucks seems to be the biggest threat. Starbucks is known for their gourmet coffee. Starbucks provides up scaled fresh vanilla bean coffee along with other wonderful brands. With this economic state Starbucks prices has caught up with them which caused the demand to decrease. Starbucks was forced to face reality and lower there price and even close a couple of stores along with reducing staff. This proves that the cost of the coffee is elastic and if the price is too high then the demand will decrease. Even with success there are factors that affect demand such as availability, competition, developments and costs. Due to the increasing demand for the Keurig system, consumer prices continue to rise. Many consumers argue that a case of 15 K-Cups cost an inexpensive $9.99, while others argue that one can purchase a 31.5oz of Colombian ground coffee for the same price. To stay ahead of the competition and attempt to fight some of the arguments, Keurig also produced the My K-Cup product. The My K-Cup product allows the consumer  to use the machine without purchasing standard K-Cups and instead use store-bought grounds to brew a single cup of coffee. In addition to the factors affecting demand are the factors affecting the supply. Neejan (2014) speaks of economics in general in that when the supply will increase if and when foreign producers enter the market. Just as well, Nee jan (2104) speaks of technology in that with the improvement of technology, productivity will rise because production can become robotic. Neejan (2104) concludes that for the same amount of costs it is possible to supply more of the product, thus the supply curve will shift to the right. This effect Keurig because if the supply decrease then the demand will increase. It the product is not present the consumers will shop where the supply is this means a lost in revenue. According to â€Å"Market Equilibrium† (N.A), â€Å"graphically, changes in the underlying factors that affect demand and supply will cause shifts in the position of the demand or supply curve at every price. Whenever this happens, the original equilibrium price will no longer equate demand with supply, and price will adjust to bring about a return to equilibrium.† This relates to Keurig given the scenario the outcome could be the same .Keurig has a lot of competition everything about the product Keurig has to be aligned. The competition lies with the store who can prepare the coffee and have it readily available. Also, the machine is not portable, and the competition could have an advantage for convenience when it comes to outside the home workers. Issues and Opportunities That Affect its Competitiveness and Long-Term Profitability Price elasticity of demand is an important factor for any firm’s profitability. It measures the responsiveness of consumers to a change in the product’s price (Colander, 2013). If consumers are very responsive to a change in price demand is elastic, while demand is inelastic if consumers are relatively unresponsive to a change in price (Colander, 2103). The more inelastic the demand is, the higher prices companies can charge for the product with higher profits. A key factor in determining the price elasticity of demand is the availability of substitutes. Some available substitutes include Mr. Coffee, Bunn, and Bloomfield Because of multiple  substitutes, technological innovation is critical. Through technological innovation, Keurig can differentiate its product from substitute products. By differentiating with new technology, Keurig can reduce the price elasticity of demand and make demand inelastic. Doing so allows for an increase in profits and works in direct relat ion to the creation of the K-Cup technology. With the cost effectiveness and reliability of the Kuerig, issues can arise that will affect the long-term profitability of the product. For example, in 2009 alone, the Kuerig coffee maker sold well over 2,000,000 units, equaling to significant labor costs associated with the product (CITATION). The amount of physical labor required to build the units, coupled with the multiple variations of models, proves high capital costs within manufacturing. For example, in initial years temporary workers constructed the K-Cups (CITATION). After Green Mountain Brewing Coffee Brewers acquired the company, a top priority became hiring full time employees to produce K-Cups at a much faster rate (CITATION). Additional issues with the Keurig product include the waste of K-Cups and an increase in competition. According to one consumer, the K-Cup is producing a significant amount of waste for landfills (Gordon, 2014). The products are not biodegradable or recyclable and any means of trying to do so comes with a price from Keurig (Gordon, 2014). Though the company is addressing some of the economic concerns, many consumers feel that the company focuses more on profits than sustainability (Gordon, 2014). Also, as new Keurig systems enter the market with an attempt to address specific issues, consumer prices only continue to rise. Simple and basic competitive systems such as the Mr. Coffee brewing system range around $75 to $100 (CITATION). Howeve r, competitive Keurig models can cost as much as $250.00 (CITATION). When considering future challenges of Keurig, there is an issue of cost in comparison with competitive models, but also with the concept that kitchen appliances come and go as a fad product (McGinn, 2014). The real strength of the Keurig system in terms of revenues is in fact not the brewing system, but instead the continued sales of the K-Cup (McGinn, 2014). Factors Affecting Variable and Fixed Costs Variable costs are those costs that change as the output changes (Colander, 2013). In contrast, fixed costs are those costs that remain constant and are  not affected by production volume. As the total cost of brewing a Keurig cup of coffee can range from ten to fifty cents, this cost is a fixed cost that remains constant in total. This cost is not affected by volume of production, but vary on a unit basis. The base unit saves ten cents by one brewing their own grounds (Mifflin, 2014). As consumers consider costs, one can calculate that with brewing 200 cups per day, the consumer will save $20 per day, $140 per week, totaling $7,280 per year. By using individual blends, Keurig provides a significant savings to the consumer. Labor costs are variable depending on a number of factors, including the number of brewers and number of K-Cups. Labor costs may increase to meet supply and demand of the units. To offset some of the labor costs, Keurig introduced the My K-Cup to the market, the refore decreasing the labor costs for standard K-Cups on the market. Controlling some of the labor cost will have to be born at the market and choosing to use your own blend as shown above will save a significant a lot in return to offset labor cost (THIS REDUCES CONSUMER COSTS, NOT THEIR LABOR COSTS). Supply and demand comes into play when you sent wages, just as it does when companies determining the price of products. If there is a shortage of workers unfortunately, wages will have to go up to attract a good worker, but if there is not the shortage wages, labor will be reasonable, and the cost of productivity will go down. (twist, 2010) (THIS SITE DOES NOT LOAD PROPERLY AND RELATES TO THE HOUSING MARKET) Recommendations on Maximizing Profit-Making Potential Perfect competition refers to markets that do not have participants large enough to have the market power to set the price of a homogenous product (Colander, 2013). There is always room for growth and changes to increase the profit making potential for companies and still stay competitive in the market. In order to compete successfully and remain profitable, a company must have a competitive strategy. A critical step in the strategy is having a lower cost producer, meaning that the company will produce or manufacture their product for the lowest possible cost without losing any of its value. This type of strategy will provide the company with a cost advantage that is comparable or relative to its competitors. The results of Keruig utilizing these recommendations will provide the Keurig with two options. First, they can undercut their competitors, thus resulting in the increase of their  share on the market. Second, they can continue selling their products at a price that is similar to their competitors, which would result in them having a higher profit margin. Keurig does not need to limit or sacrifice the quality of their product which may lead to a decrease in sales. Rather, Keurig can reduce their costs with a few options. Keurig can purchase more efficient production equipment, purchase other fixed or capital assets to increase efficiency, or do away with one or more of their cost producing activities. In addition, Keurig can source less expensive raw material suppliers, reduce employee overtime costs, or reduce the amount of waste in their products. Conclusion References Colander, D. C. (2013). Microeconomics (9th ed.). New York, NY: McGraw-Hill. Gordon, A. (2014). Opinion: Keurig needs to brew up solutions for wasteful K-Cups. Retrieved from http://thelantern.com/2014/02/opinion-keurig-needs-brew-solutions-wasteful-k- cups/ Keurig Green Mountain, Inc.. (2014). Corporate profile. Keurig. Retrieved from http://www.keurig.com/in-the-news/2010/~/media/Files/News%20And%20Media %20PDFs/keurig_CoProfile.ashx McGinn, D. (2014). The buzz machine. Boston.com. Retrieved from http://www.boston.com/ business/articles/2011/08/07/the_inside_story_of_keurigs_rise_to_a_billion_dollar_coffe e_empire/ Mifflin, M. (2014). Single serve brewer buying tips and Keurig brewer features. About.com. Retrieved from http://housewares.about.com/od/coffeemakers/qt/Keurig-Brewers-and-Single-Serve-Buying-Tips.htm Neejan, S. (2014) What are the factors affecting demand and supply? Answers. Retrieved from http://www.answers.com/Q/What_are_the_factors_affecting_demand_and_supply

Wednesday, October 23, 2019

Hesitation of Managed Care to Use Data Mining Essay

One of the biggest hesitations would have to be cost to build an implement such a system. The technique depends on an organization having â€Å"clean† data to analyze, which requires data being scrubbed and moved to data warehouses. Many payers lack the money and manpower to build and maintain these warehouses. (Kongstvedt, P., Capagemini). In addition, internal politics and the numerous constituencies within a managed care organization can make it difficult to focus data mining efforts, says Scott Kozicki. What has changed in this industry to adopt data mining? The demand for more organizations to become more efficient, customers are demanding more and better services in shorter amounts of time. Another change would have to be HIPAA, which stands for Healthcare Information Portability and Accountability Act of 1996, it was a law that has many different facets to it one of which protects your private health information. The standards mandated by HIPAA have made the data â€Å"cleaner† and streamlines the analysis efforts. What complexities arise when data mining is used in health care organizations? One thing that makes data mining in health care organizations complex is just the same as what has helped get it going, HIPAA. Even though it has created standard rules for cleaning data, it requires that you encrypt information being transmitted over the internet, which adds costs to doing so. Some organizations only require it on certain transactions, but some want it done on every transaction. Doing this can increase the cost significantly causing it to raise the costs back up, making it not as feasible to use this practice. Assume you are an employer and that your managed care organization raises your rate based on the results of data mining and predictive modeling software. What are your opinions? What would help make up your mind in regards to adopting these rate changes? My opinion would vary depending on what type of data they were using and where they got the data from, was it from our employees or a group similar to ours. I would be okay with the rate change as long as they could prove they used data from my specific employees and they had significant data supporting their reasons for the increase in rates.