Advantages of Vegetarianism - Free Essay Example

Sample details Pages: 5 Words: 1617 Downloads: 3 Date added: 2019/07/01 Category Health Essay Level High school Topics: Vegetarian Essay Did you like this example? In todays society, only a small percentage of the worlds population leads a vegan or vegetarian lifestyle. This is largely due to most people not realizing what they are actually doing while simply eating a juicy hamburger or chicken strips. They may not know it, but they are supporting the number one cause of global warming and a major social issue, animal cruelty. Don’t waste time! Our writers will create an original "Advantages of Vegetarianism" essay for you Create order This oblivion only harms society in the end as they are missing out on all the benefits a vegan and vegetarian lifestyle has. When used correctly, vegan and vegetarian lifestyles are healthy for not only humans, but they are also beneficial to planet Earth and its inhabitants. Nowadays, it is not surprising to find from the tiniest of tots to the eldest person scarfing down a Whataburger or a steak with no questions asked, yet we still wonder why obesity levels are at an all-time high in countries like the United States. According to the International Archives of Integrated Medicine, Vol. 2, Issue 3, numerous studies have demonstrated lower Body mass index, also known as BMI, values in people that adopted a vegetarian diet. The mean body mass of males and females was respectively 7.6 kg and 3.3 kg lower compared to those who consumed meat in their diets according to the Sabate and Wien study. A study by Spencer, and others showed that meat-eating subjects, of varying ages, had higher a higher BMI in both men and women. Leading a vegetarian or vegan diet also has a beneficial effect on the cardiovascular system because of the large quantities of vegetable and fruits being consumed. These plant-based foods provide the human body with multiple antioxidants, u nlike people who have a mixed diet who have lower antioxidant levels according to a study done by Somannavar and Kodliwadmath. These antioxidants in turn lead to the increase of cellular insulin, which reduces the risk of diabetes. This in turn can result in a higher life-expectancy rate for vegetarian and vegans compared to meat eaters because of the lower risk they have of getting chronic diseases, such as diabetes, hypertension and even colon cancer (208-9). With so many studies showing just how beneficial vegetarian and vegan diets are, I now know why so many doctors place patients on these diets when diagnosed with such diseases. I personally know this to be true as my father went through an extensive and strict diet and was able to lower his cholesterol and blood pressure by solely doing this. With such results, I am shocked that more people have not become vegetarian because after all, who would not want to reduce the risks of getting chronic diseases? Global warming is only increasing and there have not been many effective ways in lowering it, but there have been many of which only worsen the problem. According to David Nibert, American sociologist, author and professor of Sociology at Wittenburg University, this is in large part due to animal agriculture because as the demand for large-scale cattle ranches rises, global warming rises. Nibert mentions that all throughout Latin America, tropical forests were converted into ranches and pastures for raising cows solely for the purpose of food was the leading cause of deforestation, and that Central America has also been deforested over the past two decades in order to make room for cattle pastures, with the most common method used to clear these forests being to burn the land. This along with the loss of trees and plants that absorb carbon dioxide have been major contributors to global warming. Nibert goes on to mention that the release of methane gas into the Earths atmosphere is al l connected to the growing number of cows on Earth, which creates a greenhouse effect on the planet. This effect not only causes global warming, but it also causes climate change, as this greenhouse effect traps the suns warmth in the lower atmosphere. This is harmful to the worlds population as it exposes it to more radiation from the sun (202-3). With this in mind, I believe that a vegan or vegetarian diet is worth saving the planet. I mean it is just astonishing how much safer our environment would be if we got rid of animal factories. Global warming and climate change would be significantly reduced, thus exposing us to less UV rays from the sun. That sounds pretty good to me in exchange for not eating meat. I just hope that one day we could help stop these major global issues, so we could all live to see a brighter tomorrow in the world with the simple solution of not eating meat, so animal factories like the ones mentioned can stop harming the environment. Animal agriculture also gives way to animal cruelty. According to Erik Marcus, American chef, public speaker and author, there is a lot of animal cruelty that happens in the animal agriculture business, which is driven by non-vegetarians who increase the demand for meat. Since free range and organic dairy and egg farms are so expensive to uphold, its doubtful that a business could make as much profit compared to a non-organic or non-free-range farm because most consumers would buy the eggs that are cheaper. Marcus shares the shocking truth that the only reason free- range eggs are affordable is because most free-range egg farmers buy their female chicks from conventional hatcheries, which sell only females, killing the males. This leads to more than 250 million layer chicks being killed and discarded at hatcheries. Even free- range farms have their flaws, with virtually all free-range farms sending their hens to slaughter at an early age because they have higher shelter costs. Marcus continues on to say that while this this is really bad, the economics of dairy farming are even grimmer, with most dairy cows ending up slaughtered by their sixth birthday, whereas if dairies didnt send older cows to slaughter, most would live 20 years. Not only should this violate moral beliefs, but it should violate animal cruelty laws, but since there are so many loopholes, animal farms get away with such abuse. For example, Marcus mentions that most states exempt factory farms from inhumane-practice laws through a gap in the legal system known as Common Farming Exemptions, which are also known as CFE laws. These laws state that if a farm uses words such as common, customary and accepted, the farm is allowed any method of raising farm animals to continue. The CFE laws leave it to factory farms to decide what is and is not cruel, rather than the state deciding. If the industry adopts a practice, attorney David Wolfson writes, it automatically becomes legal, and farmers cannot be prosecuted for cruelty, no matter how horrific the practice (405-6). I believe this should not be considered fair as it is obvious that farms are only protecting themselves with these laws solely to make more profit. They do not care about the animals and their wellbeing, and in turn, only care about how much money they are getting from the slaughtering of these innocent animals, which is just plain wrong. They are going to biased when deciding what is cruel and what is not cruel since they are going to argue in their favor because they are the owners. This should really show just how much even just the slightest demand for animal products can support the slaughtering and abuse of animals and should make people think twice about eating meat. Although there are many health benefits that come along with having a vegan or vegetarian diet, it may only be healthy when essential vitamins and nutrients are carefully monitored, which can prove to be a great struggle and make it hard to be healthy. According to Natasha Mann, reporter for the London newspaper, The Independent, a diet without meat is unhealthy when not used properly and impractical. Mann mentions, Nigel Denby, a dietician and author, says It can be hard enough bringing up a child to eat healthily, but with a vegan diet you are really making a difficult job for yourself. It is absolutely not something you should try without support from a dietician. Denby shows just how much care has to be put into sustaining a vegan diet as he believes every mealtime has to be an opportunity to eat high-nutrient-based foods or else you are running the risk of not getting the nutrients to be healthy. This could also lead to problems with food selection as options are limited for veg ans and vegetarians. They have to work hard to find alternatives to meat, which has some valuable nutrients in it in order to sustain a healthy diet (87-89). I agree with Denby on this because a person who eats French fries and chips all day can be considered a vegetarian, but it does not mean they are healthy. The way I see it, since they are only sticking to one food, they are missing out on important nutrients they would get if they had a mixed diet, but I believe that these disadvantages are only a small price to pay for all the benefits that come with the vegan and vegetarian lifestyles. Even though it is harder to have a vegan and vegetarian diet, I still believe that the benefits outweigh the disadvantages that come along with it. Leading a vegan or vegetarian lifestyles has not only proven to be beneficial to health by reducing the risk of getting chronic diseases. It has also been proven to help reduce the number one cause of global warming today and helps keep innocent animals alive for a normal life-span they would not get without people having vegetarian and vegan diets and stop supporting the animal agriculture business.

The War That Led to Love Essay example - 2008 Words

It wasn’t my fault that England and France decided to go to war. It wasn’t me who decided that stealing King Philippe’s cow was a great idea. I didn’t declare war; I hadn’t even wanted a war. And, so, why was I sitting in a jail cell with a whole bunch of other innocent British? Why was it that I was soon to be sold as a slave for the crimes my country committed? Oh, I’m sure England was doing the same thing, but why me. â€Å"Your number is 1-0-6-4-2.† A guard with a heavy French accent told me as he dragged me out of my cell. â€Å"Remember it.† 1-0-6-2-4. No, 1-0-6-4-2. 1-0-6-4-2. 1-0-6-4—. I gasped as we emerged into a beautiful city. â€Å"Oui, le Paris.† The guard said reverently. He chuckled. â€Å"Enjoy your stay.† He said in farewell as I was†¦show more content†¦Ã¢â‚¬Å"You my slave.† The woman said haltingly in English. â€Å"I have bakery. You learn French.† She then walked f orward dragging me with her. We arrived at a small building from which delicious smells wafted. I soon learned that the woman and I were the only residents. The bakery was fairly successful and we led comfortable lives. I didn’t feel much like a slave; Darlene, the woman, soon learned English after I had tried, and failed, to speak French. I was soon an expert at baking and learned to enjoy it. I was happy with my new life; especially as everyone took the time to speak English for my sake. That day I was making croissants when somebody called out. â€Å"Hello?† â€Å"How may I help you?† I asked as I walked out from the back, but I stopped abruptly when I saw the man at the door. â€Å"Well, what do you know!† The young guard said with a laugh leaning on the counter. â€Å"We meet again.† â€Å"Oh, um. Do you need anything?† I stammered. â€Å"I’ll settle for some of your famous croissants.† He said not taking his eyes off me. I handed him the croissants wordlessly and he tossed a gold coin to me. â€Å"I’m afraid I don’t know your name?† â€Å"Ashley.† I answered cautiously. â€Å"I see, much better than 1-0-6-4-2.† He had remembered my number? â€Å"I’m Kyle Edison, at your service.† I didn’t know what to say; so I just stood there. â€Å"These croissants are delicious by the way.† He said and then he left. Kyle returned many times after that; he brought me news of the war, updated me on the latestShow MoreRelatedDuring the 1960s, a new culture spread throughout the United States, stirring up the Flower Power800 Words   |  4 Pagesterm â€Å"hipster†. It described how the Hippies believed that we should make love, not war, their vocal opposition to the United States’ involvement in the Vietnam War, and the increasingly rocky road to shared civil rights among all Americans led to this new, alternative form of activism. But t he Hippie movement wasn’t just about experimentation. The concept of Flower Power also emerged as a passive resistance to the Vietnam War during the late 1960s. The nineteen sixties were a very noteworthy timeRead MoreTheme Of Love In A Farewell To Arms1066 Words   |  5 PagesLieutenant Frederic Henry retells his gruesome encounters of World War I as a medic serving for the Italian army. In an unprecedented encounter, Henry met Miss.Barkley during a trip to the nurse stations. The two young lovers quickly developed a romantic relationship which revolved around their strength, dedication, and perseverance in times of struggle and discord. The novel provides an understanding of how the strength of love triumphs over arduous matters, and provides solace in times of distressRead MoreAnalysis Of The Book The Trojan War 872 Words   |  4 PagesIn the 13th century, a war like no other took place that shook Heaven and Earth. It was called the Trojan War. The war was cause over the young prince Paris kidnapping the queen of Greek at that time Helen. Dark force dealing with gods and kings that wanted power to ruler over the world. This would gi ve birth to countless legends, heroes, story’s pass on throughout generations. This war would also be the first to show how to use strategy in a war like manner to overcome any odds. While visiting GreeceRead MoreThe Death Of Franz Ferdinand Of Austria1736 Words   |  7 Pagessignaled the beginning of a large-scale war, later referred to as World War I or WWI. Many nations in Europe were involved as they had all signed pacts with each other pledging to go to war should a fellow nation be attacked. Eventually, Italy was dragged into the war, but of all of the Allied Nations, they had one of the most poorly trained and poorly equipped fighting forces (Simkin). Before 1917, Woodrow Wilson had refused to take the United States into the war, insisting the United States remainRead MoreThe 1936 Short Story â€Å"Snows Of Kilimanjaro† Is One Of The1605 Words   |  7 Pagesthe title short story for his 1961 collection The Snows of Kilimanjaro and Other Stories. He depicts many themes throughout his story including love and war. Love is reflected as an anathema to a fruitful romantic relationship with relationships based on lies flourishing as the ones based on love collapse. Further, war is shown as a vain slaughter of men, led by incompetence and causing great suffering for nothing (Hemingway). A contemporary reader can however not fail to notice that although inadvertentlyRead MoreFarah Ahmedi Character Analysis787 Words   |  4 PagesAnd Above All, Determination Farah Ahmedi wanted a life free of war. Aengus was desperate to find his true love and Walt Masters was motivated to save a mans claim. Whether if it was ones determination to find love or determination to save one from danger, Farah, Aengus, and Walt all worked hard to succeed at their own goals. To begin with, Farah Ahmedi worked hard to get her and her mother to a land free of war. For example, Ahmedi stated how â€Å"[...]her father and brothers [were] dead from a rocketRead MoreThe United States Civil War918 Words   |  4 PagesThe United States civil war is thought of as what determined what kind of country we would be today. The U.S. civil war, otherwise known as the war of the states, began on April 12, 1861, and lasted until 1865. It consisted of the North (the Union) or the â€Å"free states†, against the South (the confederates) the slave states. When Abraham Lincoln became president in 1860 he made promises of free territories, which caused a division between men who owned slaves and men who agreed with Lincoln. SlavesRead MoreHow Is Hawkeye A Romantic Hero1111 Words   |  5 PagesTito Agbesanwa English 1302 Allie Faden 21 June 2017 Hawkeye the Romantic Hero The French and Indian war also known as the Seven Years War, started in 1764 and ended in 1764. I it was about Great Britain and France had conflict with the North American colonies which led to a war. In the Last of the Mohicans romance and war play a major throughout all the characters while the French and Indian war is going on. Hawkeye is considered the hero because he showed so much courage to save his people althoughRead MoreThe Great Gatsby By F. Scott Fitzgerald995 Words   |  4 Pageswater. The separation between new and old money plays a role in the way the characters managed relationships that led to corruption and selfishness in The Great Gatsby. Tom and Daisy’s relationship is held together by the power of wealth in the old money social class. Tom and Daisy both come from an elite society, in which their families are both wealthy. Daisy genuinely fell in love with Tom during their marriage, but as time passed Tom begin to have an affair with Myrtle that has fully worn onRead MoreThe Movie The Warlords Essay1634 Words   |  7 Pagescourse were very helpful in understanding Asian history. In my opinion, these movies were helpful in the way that they introduced the fundamental basic history about how the wars shaped the outcome of Korea and China. These movies were helpful because they provided an overall consideration of the different perspectives of the wars. In the movie The Warlords, we gained knowledge about the Manchu government’s perspective and in the movie The Front Line, we gained knowledge from both the north’s and south’s

Auto Finance Company (AFC) Definition and Meaning Free Solution

Question: An Auto Finance Company (AFC) is doing business since last 20 years and deals in various financial products including finance lease, hire purchase and operating lease. AFC takes postdated cheques from customers in advance and deposits with banks on due dates. AFC enters the realization date of cheques in system on daily basis. Average numbers of daily deposited cheques are 700. Around 10% of deposited cheques gets returned unpaid. The unpaid cheques are deposited next day into bank. The AFC is following IFRS for accounting but its holding company follows US GAAPs for accounting. The company is required to do accounting under both IFRS and US GAAPs for reporting purposes. The company follows the policy to round rental amount to zero decimal places. The rentals are amortized using annuity method. The company books income on daily basis. The AFC has extended a lease facility to a Ltd company, the extracts of which are as under: Asset cost = 100,000 Contract terms = 48 months Annual interest rate = 12% Re-payment frequency = Quarterly in Arrear RV = 10,000 Down payment = 8,000 Security deposit = 50,000 Start day of the contract = 15th February, 2013 Asset useful life = 60 months You are required to: 1. Determine the lease type according to IFRS definitions 2. Calculate periodic lease rentals when lease rental for 10th and 11th quarter is zero 3. Prepare amortization schedules for AFC 4. Work out per day income for the first three months 5. Calculate AFCs monthly income for March 2013 6. Calculate the AFCs achieved rate of return from the contract 7. Prepare accounting entries for AFC at the time of lease contract signing under IRFS 8. Prepare accounting entries at the time of receipt of first rental 9. The AFC customer has defaulted after paying 2nd rental and now 5th rental is due, customer has requested and AFC agreed to restructure the lease facility to by increasing interest rate 1 % p.a. and recovering the interest overdue and penalty amount. The company charges 20% p.a. penalty for overdue on actual days basis. Please workout the restructured rental amount and the accounting treatment at Restructuring this contract. Answers: 1. Lease type as per IFRS Lease is a contract which explains an agreement between two or more persons that creates enforceable rights and obligations for right to use an asset for the fixed period of time in exchange for the interest. There are mainly 2 types of lease as per the IFRS norms such as operating lease and finance lease (Brigham and Houston, 2009). An operating lease is particularly attractive to those companies that consistently replace its machinery and need to use the equipment without buying the full amount. It is less costly and helpful for the company for the long term benefits without investing bulk of money (Harrison, 2008). Finance lease is full payouts; it is non cancellable agreements in which the lessee is responsible for the maintenance, taxes and insurance (Cadle and Paul, 2010). Financial lease is very much attracting those lenders who are looking for the tax benefits. For capital lease amortization is must be applied to pay both interest and principal (Berry, 2009). There are some other types of lease such as capital lease, direct financing lease, first amendment lease full payout lease and net lease (Chandra, 2009). 2. Calculate the periodic lease Rentals for 10th and 11th quarter Quarter Payment Principal Paid Interest Paid Remaining Balance 1 $7,341.06 $4,581.06 $2,760.00 $87,418.94 2 $7,341.06 $4,718.49 $2,622.57 $82,700.45 3 $7,341.06 $4,860.05 $2,481.01 $77,840.40 4 $7,341.06 $5,005.85 $2,335.21 $72,834.55 5 $7,341.06 $5,156.02 $2,185.04 $67,678.53 6 $7,341.06 $5,310.70 $2,030.36 $62,367.83 7 $7,341.06 $5,470.03 $1,871.03 $56,897.80 8 $7,341.06 $5,634.13 $1,706.93 $51,263.67 9 $7,341.06 $5,803.15 $1,537.91 $45,460.52 10 $7,341.06 $5,977.24 $1,363.82 $39,483.28 11 $7,341.06 $6,156.56 $1,184.50 $33,326.72 12 $14682.12 $6,341.26 $999.80 $26,985.46 13 $14682.12 $6,531.50 $809.56 $20,453.96 14 $7,341.06 $6,727.44 $613.62 $13,726.52 15 $7,341.06 $6,929.26 $411.80 $6,797.26 16 $7,001.18 $6,797.26 $203.92 $0 Totals $117,117.08 $92,000.00 $25,117.08 Table 1 : periodic lease Rentals for 10th and 11th quarter (Source: Campbell and Shiller, 2008, pp-174) From the above, it has been found that, AFC has not been able to receive the 10th quarter and the 11th quarter money which has been adjusted in the 12 and 13th quarter by the lessee (Elmaleh, 2009). The total amount paid during the 12 and 13 the shows the double amount b paid by the company for managing the their fixed payment details (Gowthorpe, 2007). 3. Prepare Amortizations schedules for AFC DATE PAYMENT PRINCIPAL INTEREST TOTAL INTEREST BALANCE Mar. 2013 $2,633.38 $1,633.38 $1,000.00 $1,000.00 $98,366.62 Apr-13 $2,633.38 $1,649.72 $983.67 $1,983.67 $96,716.90 May-13 $2,633.38 $1,666.21 $967.17 $2,950.84 $95,050.68 Jun-13 $2,633.38 $1,682.88 $950.51 $3,901.34 $93,367.81 Jul-13 $2,633.38 $1,699.71 $933.68 $4,835.02 $91,668.10 Aug. 2013 $2,633.38 $1,716.70 $916.68 $5,751.70 $89,951.40 Sept. 2013 $2,633.38 $1,733.87 $899.51 $6,651.22 $88,217.53 Oct. 2013 $2,633.38 $1,751.21 $882.18 $7,533.39 $86,466.32 Nov. 2013 $2,633.38 $1,768.72 $864.66 $8,398.05 $84,697.60 Dec. 2013 $2,633.38 $1,786.41 $846.98 $9,245.03 $82,911.19 Jan. 2014 $2,633.38 $1,804.27 $829.11 $10,074.14 $81,106.92 Feb. 2014 $2,633.38 $1,822.31 $811.07 $10,885.21 $79,284.61 Mar. 2014 $2,633.38 $1,840.54 $792.85 $11,678.06 $77,444.07 Apr-14 $2,633.38 $1,858.94 $774.44 $12,452.50 $75,585.13 May-14 $2,633.38 $1,877.53 $755.85 $13,208.35 $73,707.60 Jun-14 $2,633.38 $1,896.31 $737.08 $13,945.42 $71,811.29 Jul-14 $2,633.38 $1,915.27 $718.11 $14,663.54 $69,896.02 Aug. 2014 $2,633.38 $1,934.42 $698.96 $15,362.50 $67,961.59 Sept. 2014 $2,633.38 $1,953.77 $679.62 $16,042.11 $66,007.83 Oct. 2014 $2,633.38 $1,973.31 $660.08 $16,702.19 $64,034.52 Nov. 2014 $2,633.38 $1,993.04 $640.35 $17,342.54 $62,041.48 Dec. 2014 $2,633.38 $2,012.97 $620.41 $17,962.95 $60,028.51 Jan. 2015 $2,633.38 $2,033.10 $600.29 $18,563.24 $57,995.42 Feb. 2015 $2,633.38 $2,053.43 $579.95 $19,143.19 $55,941.99 Mar. 2015 $2,633.38 $2,073.96 $559.42 $19,702.61 $53,868.02 Apr-15 $2,633.38 $2,094.70 $538.68 $20,241.29 $51,773.32 May-15 $2,633.38 $2,115.65 $517.73 $20,759.02 $49,657.67 Jun-15 $2,633.38 $2,136.81 $496.58 $21,255.60 $47,520.86 Jul-15 $2,633.38 $2,158.17 $475.21 $21,730.81 $45,362.69 Aug. 2015 $2,633.38 $2,179.76 $453.63 $22,184.44 $43,182.93 Sept. 2015 $2,633.38 $2,201.55 $431.83 $22,616.27 $40,981.38 Oct. 2015 $2,633.38 $2,223.57 $409.81 $23,026.08 $38,757.81 Nov. 2015 $2,633.38 $2,245.81 $387.58 $23,413.66 $36,512.00 Dec. 2015 $2,633.38 $2,268.26 $365.12 $23,778.78 $34,243.74 Jan. 2016 $2,633.38 $2,290.95 $342.44 $24,121.22 $31,952.79 Feb. 2016 $2,633.38 $2,313.86 $319.53 $24,440.74 $29,638.94 Mar. 2016 $2,633.38 $2,336.99 $296.39 $24,737.13 $27,301.94 Apr-16 $2,633.38 $2,360.36 $273.02 $25,010.15 $24,941.58 May-16 $2,633.38 $2,383.97 $249.42 $25,259.57 $22,557.61 Jun-16 $2,633.38 $2,407.81 $225.58 $25,485.14 $20,149.80 Jul-16 $2,633.38 $2,431.89 $201.50 $25,686.64 $17,717.92 Aug. 2016 $2,633.38 $2,456.20 $177.18 $25,863.82 $15,261.71 Sept. 2016 $2,633.38 $2,480.77 $152.62 $26,016.44 $12,780.95 Oct. 2016 $2,633.38 $2,505.57 $127.81 $26,144.25 $10,275.37 Nov. 2016 $2,633.38 $2,530.63 $102.75 $26,247.00 $7,744.74 Dec. 2016 $2,633.38 $2,555.94 $77.45 $26,324.45 $5,188.81 Jan. 2017 $2,633.38 $2,581.50 $51.89 $26,376.34 $2,607.31 Feb. 2017 $2,633.38 $2,607.31 $26.07 $26,402.41 $0.00 Table 2: Amortizations schedules for AFC (Source: Hashemi, 2008, pp-22) 4. Income for the three months Quarter Payment Principal Paid Interest Paid Remaining Balance 1 $7,341.06 $4,581.06 $2,760.00 $87,418.94 2 $7,341.06 $4,718.49 $2,622.57 $82,700.45 3 $7,341.06 $4,860.05 $2,481.01 $77,840.40 77840.40/90 days =864.89 From the above, it has been found that, quarterly income earned by the AFC is 864.89 per month for the 3 month. (Fleming and Vasigh, 2010). 5. Calculate the AFC monthly income for March 2013 15 February 15 march 2013 = 73416/2 =$36708 The income earned in March 15 2013 is 36708. 6. Rate of returns from the contract Price of car =1000,00 Residual income= 10,000 Lease term= 48 months Interest rate= 12% Equals = 12000 Money factors is =0.0029 Depreciations = net cap cost residual / term = 1000,00-10,000/48 =1875 Lease Options given by AFC Ltd Amount$ Asset Cost 100,000 residual value 10,000 total residual value 90,000 depreciation 48 Monthly Depreciation 1875 net capitalization cost 1000,00 Plus residual income 10,000 total residual value 110,000 time money factors 0.00125 equals money factors 137.5 monthly depreciation payment 1875 plus money factor 41 equals bottom line lease payments 1916 7. Accounting Entries for AFC lease constructing Particulars Debit Credit Fixed asset 100,000 Lease liability 92000 Cash 8000 8. Prepare accounting entries at the time of receipt of firsts rentals For AFC Particulars Debit Credit Lease liability $7,341.06 Interest $2,760.00 Cash 10101.06 9. AFC default in payments The AFC defaults 2nd defaults $7,341.06 $4,718.49 $2,622.57 $82,700.45 3rd defaults $7,341.06 $4,860.05 $2,481.01 $77,840.40 $82,700.450*17%=14059.07 $77,840.40*17%=13232.86 = 27291.93 Quarter Payment Principal Paid Interest Paid Remaining Balance Interest penalty 20% 1 $7,341.06 $4,581.06 $2,760.00 $87,418.94 2 $7,341.06 $4,718.49 $2,622.57 $82,700.45 3 $7,341.06 $4,860.05 $2,481.01 $77,840.40 4 $7,341.06 $5,005.85 $2,335.21 $72,834.55 14566.91 5 $7,341.06 $5,156.02 $2,185.04 $67,678.53 6 $7,341.06 $5,310.70 $2,030.36 $62,367.83 7 $7,341.06 $5,470.03 $1,871.03 $56,897.80 8 $7,341.06 $5,634.13 $1,706.93 $51,263.67 10252.73 9 $7,341.06 $5,803.15 $1,537.91 $45,460.52 10 $7,341.06 $5,977.24 $1,363.82 $39,483.28 11 $7,341.06 $6,156.56 $1,184.50 $33,326.72 12 $14682.12 $6,341.26 $999.80 $26,985.46 5397.092 13 $14682.12 $6,531.50 $809.56 $20,453.96 14 $7,341.06 $6,727.44 $613.62 $13,726.52 15 $7,341.06 $6,929.26 $411.80 $6,797.26 16 $7,001.18 $6,797.26 $203.92 $0 Total penalty paid 30216.732 Reference list Books Brigham, E., and Houston, J., (2009) Fundamentals of Financial Management. 5th ed. London: McGraw-Hill Cadle, J., and Paul, D., (2010). Business Analysis Techniques: 72 Essential Tools for Success. 4th ed. London: Kogan Page Limited Carlberg, C. (2011) Excel Sales Forecasting For Dummies, 4th ed. London: McGra-Hill Higher Education. Chandra, P., (2009). Financial Management. 4th ed. Boston: Unwin-Everyman. Elmaleh, M., (2009). Financial Accounting: A Mercifully Brief Introduction. 7th ed. Princeton, NJ: Princeton University Press. Fleming, K., and Vasigh, B., (2010). Foundations of Airline Finance: Methodology and Practice. 5th ed. USA: Douglas Brooks. Gowthorpe, C., (2007). Financial Accounting: for non specialists. 5th ed. London: Routledge. Harrison, W., (2008). Financial Accounting. 5th ed. Heidelberg, New York: Springer Verlag. Journals Berry, A., (2009). Financial Accounting: an introduction. 4th ed. California: Random House. Brigham, E., and Houston, J., (2009) Fundamentals of Financial Management. 5th ed. London: McGraw-Hill Campbell, J. and Shiller, R. (2008) The dividend-price ratio and expectations of future dividends and discount factors. Review of Financial Studies 1, 195228. Garcia-Teruel, P. J. and Martnez-Solono, P. (2009) Effects of Working Capital Management on SME Profitability, International Journal of Managerial Finance, 3(2), pp. 174-177 Gowthorpe, C., (2007). Financial Accounting: for non specialists. 5th ed. London: Routledge. Hashemi, S. A. (2008) Analyze the relationship between operating cash flows and accruals, operating cash flow forecasting model, according and Auditing Review, 38, 1-24.

The rise and fall of Krispy Kreme doughnuts

Table of Contents Introduction Failures that hurt Krispy Kreme Aggressive Growth Rapacity Fudging the numbers A Fresh Start Reference List Introduction Krispy Kreme refers to an intercontinental string of donut shops that was established by Vernon Rudolph in North Carolina in 1937. The parent corporation of Krispy Kreme is Krispy Kreme Doughnuts, Inc. While vending various sorts of doughnuts, Krispy Kreme’s theme detail is a candy doughnut that is customarily served warm.Advertising We will write a custom term paper sample on The rise and fall of Krispy Kreme doughnuts specifically for you for only $16.05 $11/page Learn More Alongside their own Krispy Kreme trademark shop locations their commodities are put up for sale in superstores, foodstuff shops, corner shops, petrol stations, Wal-Mart and Target stores in the United States (Krispy Kreme Doughnuts, 2008). Globally, Loblaws superstores and Petro-Canada petrol stations in Canada do sell the se commodities. In Australia they can be found in BP service stations and tour centers. Tesco superstores and Moto service stations deal in Krispy Kreme products in the United Kingdom. The corporation’s expansion was stable before its first public offer but gains have dropped off in latest times. Growth began in the 50s decade, taking into account an early on shop in Savannah, GA and elsewhere in the south of the United States. By the 60s, Krispy Kreme was well-known all the way through the south east of the US. Growth into other regions then began. The year 1976 marked a significant time in the corporation’s history as this was the time when it became an entirely owned ancillary of Beatrice Foods of Chicago, Illinois. In 1982 a cluster of franchisees bought the firm back from Beatrice Foods. Sometime in 2003 a test venture was carried out in California to vend donuts through car windows and sunroofs at a full of activity junction. Payments were to be made through wire less technology. Unfortunately the venture turned out to be unsuccessful. In the early 2007 Krispy Kreme started vending whole glazed doughnuts in a bid to attract the health mindful. These ones contain 20 kilocalories and more fiber. The United States Food and Drug Administration authorized firms to truncate to 0 grams in nutrition contents marker even when the commodity hold as much as 0.5 grams or less. The corporation gained from this authorization in its marketing ventures, publicizing their products as having no trans fat. After mid 2010 Krispy Kreme launched a doughnut that comprised the soft drink Cheerwine, which was to be vended in foodstuff shops in the larger Carolina in the month of July. The product was well-accepted. Failures that hurt Krispy Kreme What could be more ideal as compared to a Krispy Kreme donut? Straight from the pullet and sugared, the products are virtually alluring. In a period, Krispy Kreme’s stock appeared alluring as well. The time when the firm went public in 2000, at the height of the World Wide Web whirlwind, capitalists gathered to purchase into a venture they could identify with (The rise and fall of Krispy Kreme in New England, 2006). The firm had concrete basics, adjoining stores at a fast rate and exhibiting bit by bit rising vending and income.Advertising Looking for term paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More However Krispy Kreme as well had an air of mystery. Its commodities, available for several years only in the Southeast, had caught the attention of a dedicated, even passionate client base. When the corporation decided to go national, it put up franchises in regions assured to spawn buzz. Some of these areas were Manhattan, Los Angeles, Las Vegas, among others. Figures showed that Krispy Kreme was dealing almost $50 on the New York Stock Exchange by August 2003. This represented a 235 % growth from the first public offering v alue. The Fortune magazine is remembered for its categorization of the corporation as the hottest trademark in the land at the time. For the financial year ending early 2004 the firm had a staggering $94.7 million in operating turnover from its near 400 locations. And then, just as speedily as its status grew, the firm set on an abrupt downhill spiral that may eventually end in insolvency. The corporation’s problems came out in May of 2004. This was when the Chief Executive Officer Scott Livengood put fault on low-carbohydrate diet inclinations for the corporation’s first-ever missed quarter and first deprivation as a business (The rise and fall of Krispy Kreme in – Boston.com, 2009). That did not go down well with the analysts, as it came out that the CEO’s faulting of the Atkins diet for below par income implied that desperation was to an all high. The Securities and Exchange Commission looked into the activities of the corporation later that year in Ju ly, focusing on the buybacks of a number of dealerships. As the stock value went down, stockholders filed suit. Franchisees claimed direct filling, alleging that some shops were receiving double their normal consignments in the closing weeks of a quarter so that headquarters could make its numbers. Mean weekly sales, a vital trading gauge, went down even as the firm kept on totting stores. At the beginning of 2005, the company decided to reaffirm its financials for the larger part of 2004. Stephen Cooper took the CEO’s job from Livengood. In February of the same year the corporation stated that the US Attorney’s Office was to also get involved. This move strongly implied a probable unlawful delinquency. In April of the same year the new CEO propped up the enterprise by securing $225 million in new funding. The firm publicized that it anticipated a loss for its most-up-to-date quarter, and cautioned shareholders against depending upon its put out financials for years 20 01, 2002, 2003, and the first three quarters of 2004 and those of 2005. In the following month of May the firm still had not filed its reaffirmed financials, with its stocks trading at an all time low of $6. There are drawbacks in the franchise set up, and for this firm, by way of a blend of aspiration, insatiability, and ingenuousness managed to slip into a majority of them.Advertising We will write a custom term paper sample on The rise and fall of Krispy Kreme doughnuts specifically for you for only $16.05 $11/page Learn More Aggressive Growth From its modest initial stages in 1937 as a family-owned enterprise, Krispy Kreme bit by bit expanded its paw marks in the Southeast. The firm was sold to Beatrice Foods three years later after its founder passed away, as illustrated earlier in the introduction. Later on a collection of franchisees bought it back and in the more recent 90s, it began to project itself as a nationwide franchise. When Krispy Kreme went public it experienced the usual huge demands, as is the case for all corporations that develop very rapidly and uphold expansion quarter after another. Sorry to say, this was not the form of venture that was going to uphold such form of incessant expansion (Krispy Kreme: Rise and fall of a doughnut empire – The Patriot, 2008). These are sentiments form Steven P. Clark who is a subordinate professor of economics at the University of North Carolina. Krispy Kreme laid emphasis on expanding proceeds and gains at the primary-firm stage, at the same time as its outlets went through harsh times. Business experts argue that one can make a set up to expand really great even when given outlets are not gainful in actuality. They say that franchises are majorly affected by aspiration conflict. At the same time as the franchisor endeavors to get the most out of sales, and consequently enhance royalty gains, the franchise requires to capitalize on profits. When a franchisor sets a ma rket with ventures to augment its own expansion, the way Krispy Kreme did, it harms the set up in the long-term through compelling units to contend with one another. Experts give an example that can be followed in McDonald’s Corp, which has over time set the standard in franchising. Productivity has been expanded to individual units and new entrants are enthusiastic to get into the system and adhere to the firm’s strict working regulations. The management failed to realize that one may add an extra unit in a market and grow their sales by 50 %, while at the same time he or she will have turned dealers in that investment from money-making to loss-making (The rise and fall of Krispy Kreme – Digg, 2008). Analysts cite that Krispy Kreme had a close to 15% growth in second quarter proceeds from 2003 to 2004 financial period, however same-store sales grew a mere tenth of a percent in the same time. The proceeds went down as the additive quest of each new retail shop f ell upon market saturation. Rapacity Sharing of markets with other units is just one of the letdowns for franchisees. Far and above the normal franchise charges and royalty fees, Krispy Kreme calls for franchisees to purchase paraphernalia and ingredients from center of operations at fixed costs. This tactic, while not new, has the possibility of hurting franchisees in the long-term. This has been one of the corporation’s pitfalls.Advertising Looking for term paper on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Opportunely, management experts have a way of dealing with such kind of a set up. Steve Hockett, an expert in pairing probable franchisees with franchisors, states that most flourishing franchise firms build their enterprise just about the royalty payment, as opposed to equipment sales. With time, the mother company is more expected to triumph by bringing up cost-effective franchisees that can make royalty recompenses. Illustrations have been given from challengers in the same business as Krispy Kreme on how this has turned out to be successful. For instance, at Dunkin’ Donuts, they have a firm royalty flow that is founded exclusively on store sales (Krispy Kreme Doughnuts, 2008). The corporation’s CEO asserts that this maintains the firm and franchisee sakes aligned. Krispy Kreme might have made a whopping $152.7 million from sales in 2003, which was 31 % of total sales that year. However, what is favorable for the franchisor is not necessarily the case for the franch isee. The elevated margin at which ingredients and paraphernalia are sold to franchisees has to go down for operations across the board to run smoothly. Fudging the numbers At the same time as Krispy Kreme chased its expansion policy, it was making bloopers in the finance section also. With the exception of the firm’s arrangement to fund a $35 million shuffling factory in Illinois with an off-balance-sheet synthetic let out, the firm’s bookkeeping appeared unremarkable until late 2003 (Krispy Kreme: Rise and fall of a doughnut empire – The Patriot, 2008). The firm did away with the Illinois plan in early 2002 as a result of the post-Enron distrusts. A Fresh Start Observers and management experts insist that the firm can recapture momentum and remain on an upward motion. It still holds much worth in its name and in its commodities. At the end of the day, the firm needs to go back to what inspired its remarkable expansion in the first place; truly first-rate donut s. Reference List Krispy Kreme Doughnuts. (2008). Retrieved from https://www.slideshare.net Krispy Kreme: Rise and fall of a doughnut empire – The Patriot. (2008). Web. The rise and fall of Krispy Kreme in – Boston.com. (2009). Retrieved from https://www.boston.com The rise and fall of Krispy Kreme – Digg. (2008). Retrieved from http://digg.com/channel/news The rise and fall of Krispy Kreme in New England (2006). Retrieved from https://www.boston.com/ This term paper on The rise and fall of Krispy Kreme doughnuts was written and submitted by user Josie Mayo to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

El Salvador Essays

El Salvador Essays El Salvador Paper El Salvador Paper The typical foods in El Salvador are probably one of the best foods anyone can taste! The food that most identifies Salvadoran people are pupusas. You can find them anywhere you go. There are other typical foods from El Salvador, like chilate, nuegados, yucca, atol de elote, tamales (from pork, chicken, beef) and shuco. Except in large cities, which have supermarkets, most Salvadorans shop daily for groceries at an open air market. Beans, rice, tortillas and tamales (a type of corn dumpling wrapped in banana leaves) are the basic staples of the Salvadoran diet, as common as bread and butter are to North Americans. Traditional Salvadoran cuisine combines the foods of Spain and the American Indians. Many of the dishes are made with maize. The corn Hojuelas with honey is a food eaten during the celebration of All Saints Day, this means, the day dedicated to bring flowers to the cemetery to the deceased. Coyoles with honey and Torrejas (French toast) with syrup are seasonal dishes eaten during Holy Week or Easter. Here are some favorite foods and recipes Pupusas A favorite fast food unique to El Salvador. Pupusas are basically cornmeal tortillas filled with beans, cheese, or pork and most often a combination of any of the three. Pupusas originated a long time ago. They were created by the Pipiles, the native Indians from El Salvador. They are then fried and served with a tomato sauce and pickled cabbage called curtido. Curtido (Salvadoran cabbage salad) Casamiento Standard daily fare. A great way to serve leftovers. Casamiento is a mix of beans and rice, usually left over from the previous day. They are fried together and often served for breakfast or dinner. You cant believe how much flavor the Salvadorans can pack into basic rice and beans. Arroz con leche commonly known as rice pudding. It is another great way to reuse yesterdays rice. Heat up some milk with sugar and cinnamon and reboil the rice for a few minutes. Makes a great breakfast or dessert. Horchata When its made well this traditional drink made with rice, cinnamon, sesame, allspice, and a native seed called moro is delicious. In El Salvador, people may make their own horchata, but there are many commercial varieties and horchata powder available in Latin grocery stores. There is some debate about whether horchata should be prepared using milk instead of water. Some say the oldest forms of recipes likely did not include milk since it would not have kept well. Whether or not milk is used, horchata has a milky texture and consistency and is preferable when served ice cold. Be forewarned, however, that there are some vile versions of this drink and getting it down can be a challenge! Elote fresh corn. This is very different from maiz, which is dried, mature, elote. The elote is in season from about August through October. The Salvadorans use the fresh corn to make corn fritters, fresh corn tamales, riguas corn dough mixed with fresh cheese and beans and cooked on a hot skillet in banana leaves delicious), sweet corn soup, corn on the cob, and crazy corn or elotes locos. Pollo Encebollado (Salvadoran chicken simmered with onions). Platanos Fritos (Fried ripe plantains) Fruits and Vegetables A wide variety of fruits and vegetables find their way onto the Salvadoran table: potatoes, yuca (cassava root), squashes, cabbage, carrots, onions, chipilin (a leafy green), tomatoes, peppers, plantains, bananas, pineapple, coconut, mangos, guavas, nance (a cherry-like fruit), and pacalla (palm flowers). Ground pumpkin seeds (alguashte) and sesame seeds thicken stews. Desserts and Beverages Pastries hold a special place in the Salvadoran heart. The semita is a coffeecake-like pastry often filled with a variety of jams and preserves. Salvadoran quesadilla unlike the Mexican snack with the same name is a sweet pound cake flavored with parmesan cheese and sour cream. Pastelitos are small baked turnovers filled with custard or fruit preserves. Children find an easy sweet chewing on small pieces of sugarcane. Salvadorans’ preferred drinks are coffee and hot chocolate. Licuados and refrescos (fruit drinks) are also popular. Many beverages in El Salvador are based on corn. For atoles, corn flour is mixed with water or milk, sweetened and served hot or cold. Atol shuco, made with purple corn, is particularly popular. Chicha is a mildly alcoholic beverage made with fermented ground corn. Cafe de maiz is made by brewing toasted corn kernels with hot water. Other popular beverages are hot chocolate, coffee and fruit milkshakes called batidos. The names of the favorite Salvadoran beers are Regia, Bahia and Pilsener.

Consequences of the WW essays

Consequences of the WW essays What are the consequences of The Second World War? What are the most important results of the Second World War? What vital lessons can be derived from its history? The utter defeat of fascist Germany and militarist Japan in which the Soviet Union took the decisive role, was the result of joint efforts by the international front of national liberation, democratic and other progressive forces. The reasons for Victory's impact on world history are to be found in the course and character of the war itself. This is obvious because the Second World War affected the whole system of international relations and, together with these, the interests of all nations and countries far more than the First World War. Its origins, course and consequences are a reflection of the essence and contradictions of the epoch. The main source of wars, as before, is imperialism whose inherent contradictions have become exacerbated in the ever-deepening general crisis of capitalism. War is rooted in the lengthy struggle between rival imperialist blocs, on the one hand, and in their common striving to destroy the Soviet Union and all forces of socialism and progress, on the other. The fomenters of the Second World War were the German imperialists, with the tacit approval of the ruling circles of Britain, France and the United States, who banked on exploiting the armed might of fascist Germany, and her partners in the fight against the USSR, the communist and working-class movement. History has shown that a policy of appeasement is pernicious to its pursuers. The Soviet Union and the other peace loving forces failed in their efforts to prevent war. It began in 1939 with a conflict within the capitalist system. When fascist Germany treacherously attacked this country in the summer of 1941, Britain, France and a number of other countries depended for their very existence on the Soviet Union's capacity to breast the tide and win the war. That is the expre...

Human Anatomy Term Paper Example | Topics and Well Written Essays - 750 words

Human Anatomy - Term Paper Example The primary thing that needs to be considered is the basal metabolic rate that regulates the amount of calorie expended by the body for existence. Definitely as the net body mass becomes low on shrinkage with lowered bone density and body fat, the lowered calorie intake induces the body to burn lesser energy. Lowering of BMR is somewhat a self induced adjustment due to the metabolic changes associated with shrinkage helping the body to function as an efficient energy saver, thereby burning lesser calories. (United Nations University, 2008) The next important adaptation related to the shrinkage must be a lower cardiac output due to the lower aerobic capacity. The lowered cardiac output that is the extent of oxygen transport from the heart to the cells of the body is related to the overall cardiovascular requirements of the body. A low cardiac output is definitely coupled with the lowered tidal volume of respiration in a reduced body with a decrease in the cardiac tissue mass. There is a formidable relationship between body mass, body size and blood pressure level. In fact blood pressure has been found to vary directly to the body height. The body being smaller in size hardly requires much pumping pressure to transmit blood to the rest of the body. Hence, lowered blood pressure is an essential physiological adjustment the body makes in order to go with the small stature after the shrinkage. Heartbeat Rate Due to the lowered blood pressure and cardiac output proper blood circulation demands more heart beats for a smaller sized body as compared to a larger one. This is, in fact, seen in case of smaller animals that have a faster heartbeat rate than humans. As a matter of fact the heartbeat rate in mammals varies inversely to the fourth root of the body weight measured in kilograms. Amino Acid Metabolism The protein - energy relationship is a significant parameter that adjusts itself with the other physiologic conditions during phenomenon of shrinkage. Amino acids required as essential substrates for protein synthesis are necessary for energy production along with increased body weight and stature. Therefore shrinkage essentially involves an adaptable lowered rate of amino acid metabolism, thereby curbing the extent of fat production leading to protein synthesis at a lower profile than in regular sized individuals. Ammonia and Urea Metabolism With a smaller stature the dietary requirements become lower and result in lowered amino acid intake thereby reducing the production of ammonia and urea in the liver. Moreover due to a lowered extent of protein synthesis, the essential enzymes like urease and protease are synthesized accordingly in sparse quantities compared to the normal sized individuals decreasing the production of ammonia to perfectly go with the smaller stature after shrinkage. References 1. "Low BMIs, BMRs and Energy Requirements", 2008, United Nations University, retrieved from: http://www.unu.edu/unupress/food2/UID10E/uid10e08.htm#changes%20in%20body%20weights%20and%20stature%20and%20their%20influence%20on%20bmi%20and%20energy%20requir