The North American Free Trade Agreement - 897 Words

Developing countries tend to be located in the global south wile developed countries are located in the global north. In the 1980s neoliberalism took full swing and focused on an open economic market, and the creation of institutions. It created the Bretton Woods institutions in order to spread American values and promote economic growth through privatization of state owned enterprises. â€Å"The last 25 years has seen the most rapid, and most broad-based, growth in developing countries, ever† (Dervis, Kharas). Globalization has facilitated the spread of neoliberal ideology across the globe through an economic international trading system. For example, the North American Free Trade Agreement (NAFTA) with regional partners, such as Mexico, promoted an open approach to the economy and provided important benefits for both countries. Another example, was the creation of the World Trade Organization (WTO) that includes over a hundred countries. Globalization has been accompanied by terrorism and economic inequality. Many critics of globalization argue that the western model for development has failed to anticipate and act on the previously mentioned issues. There have been positive and negative outcomes from globalization and trade agreements. Some of the negative outcomes have been environmental degradation and inequality. There has been unsustainable growth partly because environmental degradation has been coupled with economic growth. The measurements of GDP and growth of incomeShow MoreRelatedNorth American Free Trade Agreement Essay1398 Words   |  6 Pages North American Free Trade Agreement During the most recent race for the White House we heard very little of substance from both parties, but one thing both parties seem to agree on is that free trade has been bad for the U.S. worker. One candidate proclaimed that the North American Free Trade Agreement (NAFTA) has cost the United States hundreds of thousands of jobs and another distanced herself from free trade agreements all together. It has been over twenty years since the implementation ofRead MoreThe North American Free Trade Agreement1711 Words   |  7 PagesThis paper will discuss four components of the North American Free Trade Agreement: Background, events, pros and cons. Upon the research, you will discover four online articles to provide more detail and examples. This research will indicate how it was developed and the reasoning on why it would benefit the nation. Also, it will provide events that occur after the agreement was signed by congress and the recession the countries experience during the e arly 2000s. There will be a chart locatedRead MoreThe North American Free Trade Agreement Essay1420 Words   |  6 Pagessubstance from both parties, but one thing both parties seem to agree on is that free trade has been bad for the U.S. worker. One candidate proclaimed that the North American Free Trade Agreement (NAFTA) has cost the United States hundreds of thousands of jobs and another distanced herself from free trade agreements all together. It has been over twenty years since the implementation of the North American Free Trade Agreement and many have criticized it as a bad deal for the U.S. It can be shown thatRead MoreThe North American Free Trade Agreement1036 Words   |  5 PagesThe North American Free Trade Agreement also referred to as NAFTA produced results on January 1, 1994. A trade agreement was made between each of the three of nations of North America. The United States, Canada, and Mexico. The Canadian Prime Minister, Brian Mulroney, the Mexican Presiden t, Carlos Salinas de Gortari, and previous U.S. President George H. Shrub initiated the agreement. Connections between the nations were at that point on great terms, particularly between The United States and CanadaRead MoreThe North American Free Trade Agreement Essay1863 Words   |  8 PagesThe North American Free Trade Agreement, or NAFTA, is an accordance between the United States, Mexico, and Canada that was put into effect in January 1994. This agreement was unprecedented because it integrated three countries that were at extremely different levels of economic development. It changed the economic relationship between North American countries and encouraged trade and investment among the three countries to grow considerably. The purpose of the creation of the North American FreeRead MoreThe North American Free Trade Agreement Essay1356 Words   |  6 PagesThe North American Free Trade Agreement (NAFTA) is an agreement negotiated by three countries; Canada, Mexico, and the United States. The main purpose of NAFTA is essentially to reduce trade barriers in order to promote international commerce, and open up different industries to trade, in particular textiles, agriculture, and automobile sectors. The introduction of NAFTA completely transformed North American economic relations and led to unparalleled cooperation between the U.S. Canada and MexicoRead MoreThe North American Free Trade Agreement1486 Words   |  6 PagesThe North American Free Trade Agreement (NAFTA), an agreement signed by three countries in creating rules in trade in North America. NAFTA, when being presented, was described as genuine for helping Mexico and Canada. But was NAFTA really helpings those counties or really just helping N orth America? Initially North America was being genuine about NAFTA when talking to Mexico and Canada but in reality the NAFTA caused some uneven development as the years went by. I have two stories thatRead MoreThe North American Free Trade Agreement1804 Words   |  8 Pagesunderstanding the elements of trade blocs that enable open markets between member nations while also decreasing the cost of conducting business within a country is essential in making strategic logistical decisions. The North American Free Trade Agreement (NAFTA) has provided one such trade bloc that encompasses the countries of the United States, Mexico, and Canada. Since the inception of NAFTA in 1994, significant financial results have been achieved regarding increases in trade revenue and increases inRead MoreThe North American Free Trade Agreement1018 Words   |  5 PagesThe North American Free Trade Agreement, known as NAFTA, is a trilateral trade agreement between Canada, the United States, and Mexico. Signed January 1, 1994, NAFTA’s main purpose was to reduce trading costs, increase business investments, and help the United States be more competitive in the g lobal marketplace. The agreement would eliminate all tariffs on half of all U.S. goods shipping to Mexico and introduce new regulations to encourage cross-border investments. According to President Bush, tradeRead MoreThe North American Free Trade Agreement920 Words   |  4 PagesThe North American Free Trade Agreement (NATFA) shoved the American worker down a flight of stairs in the name of Globalization NAFTA or a bill similar had been floating around Washington since 1979 a year before Reagan took office. NAFTA truly went no where for over a decade. The â€Å"North American Accord† was first proposed by the Reagan and the GOP were always in favor of passage but, it was the Progressive wing, along with many other pro-union members in the Democratic party who held NAFTA at

Lord Of The Flies Bullying Essay - 932 Words

In William Goldings Lord of the Flies, the audience witness multiple acts of bullying. In the beginning of the book, when Ralph and Piggy first met they didnt get along well. Ralph was calling Piggy names and making fun of how he was called Piggy. Piggy of course was hurt by this and didnt appreciate how Ralph did this to him. When kids bully each other over devices, I think that that the parents and teachers should work together and try to figure out what is happening and resolve the problem working as a team. But all together it should be the parents job. They could make sure that they are thoroughly checking their kids phone and to make sure that their kids are open to them and ready to talk about anything they need.†¦show more content†¦Bullies start at a young age and carry on, this helps them feel good about what they are doing and who they are as a person. The only way to make a difference and try to stop bullying and cyberbullying is if the parents are there to hel p. â€Å"Parents of bullies are advised to take the problem seriously, looking for the causes of anger or frustration, letting them know that hurtful behavior will not be tolerated, supervising their behavior more closely, â€Å"punishing†bullying with positive acts toward others and teaching nonviolent ways of solving problems.† (PERSONAL HEALTH pg. 3) This illustrates that not only the school and parents but the community to must collaborate to control bullying. Parents need to supervise their children on social media and all places in their life, until the children can understand that this is not okay and that we can stand up to bullying. Bullying and cyberbullying can lead to serious causes to the victims and everyone around them. â€Å"It is found that children who bully are at risk for engaging in more serious violent acts, like fighting frequently and carrying weapons.† (PERSONAL HEALTH pg.) This proves that the actions of the bullies are long term effe cts. If someone is to hurt themselves or one another because of how someone made them feel not only will those certain people be hurting inside but the other family and friends in their lives. All of this combined shows that people do bully andShow MoreRelatedLord of the Flies: Bullying Essay1536 Words   |  7 PagesSimilarities of Bullying How long has bullying been around? Bullying has lasted for decades now. It takes no effort to see that in the timeless novel Lord of the Flies, by William Golding, bullying is expressed throughout the book in many different ways. The three forms of bullying readers witness throughout the book consist of verbal bullying, physical bullying, and relational bullying. Although Lord of the Flies takes place nearly sixty years ago, from Golding shows readers that bullying hasn’t changedRead MoreTheme Themes In Lord Of The Flies716 Words   |  3 Pages Golding Theme Essay The author of the book Lord of the Flies, William Golding published this loss of innocence fiction novel post World War II. During this time, the Nazi’s were being heavily criticized by the public for supporting Hitler’s evil ways. In this allegory Golding’s central theme is depicted in this excerpt, â€Å"It was simply what seemed sensible for me to write after the war when everyone was thanking God we weren’t Nazis† (Golding). This theme is an accurate representation of the storyRead MoreRalph, Jack, Piggy -Lord of the Flies1560 Words   |  7 PagesRalph, Jack and Piggy, the three main characters in the Lord of the flies encounter with each of their different personalities. Despite their similar ages, they take distinct reaction towards their situation because of their different growing environment. In this isolated and uncivilized island especially with no grown-ups, the development of their characteristics varies in different directions. When the events burst out one by one in chapter one to three, we can discover the contrast between RalphRead MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 PagesDeveloping an OB Model 23 An Overview 23 †¢ Inputs 24 †¢ Processes 25 †¢ Outcomes 25 Summary and Implications for Managers 30 S A L Self-Assessment Library How Much Do I Know About Organizational Behavior? 4 Myth or Science? â€Å"Most Acts of Workplace Bullying Are Men Attacking Women† 12 An Ethical Choice Can You Learn from Failure? 24 glOBalization! Does National Culture Affect Organizational Practices? 30 Point/Counterpoint Lost in Translation? 31 Questions for Review 32 Experiential Exercise WorkforceRead MoreFundamentals of Hrm263904 Words   |  1056 Pagesif you live in Frostburg, Maryland, and decide to go to a Florida beach for two weeks in the summer, you need to decide specifically what beach—Daytona or Fort Lauderdale—you want to go to and the best route you can take. Will you drive or will you fly? Will you rent a hotel room or stay with a friend? In an elementary form, this is what planning is all about—knowing where you are going and how you are going to get there. The same holds true for human resource management. Whenever an organization

Information Systems and Accounting Processes Different Transactions

Question: Describe about the Information Systems and Accounting Processes for Different Transactions. Answer: Introduction This report is based on accounting and financial management of Adelaide ltd. This report is divided into two parts and each part has different concern. In this report discussion related to revenue recognition and cash flow statement has been conducted. In this report, different transactions have been stated and whether they will be recognized or not were discussed. On the other hand, cash flow statement has been prepared in the part B of this report. Cash flow statement shows inflow and outflow of cash in the business organization. Operating activity, financing activities and investing activities are important aspects of cash flow statement. Revenue Recognition: Revenue recognition is the process of recording revenue earned by the business organization during the reporting period. There is dedicated accounting standard for that deals with revenue recognition. Australian Accounting Standard Board has made standard for recognizing revenue in the financial statements of the business organization. Australian Accounting Standard Board 118 is the revenue recognition accounting standard under which related rules and regulation has been provided. It deals with all term and conditions that shall be fulfilled for recognizing revenue in the financial statement or in income statement (Wagenhofer, 2014). Therefore business entity wants to record revenue (sales revenue, revenue from sale of assets, lease revenue, etc) has to fulfill certain conditions. Following are some case in which revenue recognition is tested: This is the case of revenue recognition of sale of goods during the reporting period. Business entity cannot recognize revenue from sales as and when sale takes place. But there are certain conditions that shall be fulfilled in order to recognize sales revenue. Following are conditions to be satisfied: All the risk and rewards related to ownership of good has been transferred to its buyer Amount of sales made can be measured reliably Business organization will be receiving all the economic benefits related to transaction of sale on probable basis Cost related to transaction of sales can be reliably measured Business entity does not possess with any control over product and does not has managerial involvement related to product that is sold (Wagenhofer, 2014). In present case of Adelaide Ltd, sale of $ 600,000 has been affected during the year. Out of $ 600,000, 75 % i.e. $ 450,000 has been received and remaining sales will on credit. On the other hand, past experience suggests that it is probable that 96 % of the sales made will be collected. Therefore by applying able conditions on Adelaide Ltd case, it can be said that it is estimated that that only 96 % sales will be received and all other conditions remains fulfilled. Adelaide Ltd can recognize $ 576,000 ($ 600,000 * 96 %) of sales revenue in its books of accounts. In this case Adelaide Ltd had received $ 200,000 from a customer for the manufacturing of special purpose machinery. In order to recognize revenue all five conditions mentioned above shall be fulfilled and if any one or more conditions not fulfilled then business entity cannot book revenue. In this case of Adelaide Ltd, following two conditions are not fulfilled in this transaction and they are as follows: In this transaction all the risk and rewards related to product (in this case is special purpose machinery) is not transferred to buyer or customer in this case. At this point of time product is not in existence. Another reason of not recognizing this as revenue of the Adelaide Ltd is that at this point of time Adelaide Ltd holds control over product that they produce for customer and has been involved with product that is to be produced. Other conditions may get fulfilled but these two conditions are not attracted (Savage et al., 2013). Therefore advance received customer cannot be recognized as revenue for the reporting period. In this case Adelaide Ltd has rented spare space of warehouse and has received advance payment of $ 24,000 on 1st April, 2016 for next six months period. In this case it can be analyzed that this transaction cannot be treated as sale of goods and above mentioned five conditions cannot be used to comment on revenue recognition. As renting of spare space in warehouse is not ordinary activity of Adelaide Ltd. This case can be treated as revenue arises from use of assets of the company by others during the year. Following conditions should be fulfilled to recognized revenue from rendering warehouse: Amount of sales made can be measured reliably Business organization will be receiving all the economic benefits related to transaction of sale on probable basis Therefore applying above two conditions on Adelaide Ltd, amount of renting service is certain and Adelaide Ltd will be receiving such amount from customer. Therefore rent received can be recognized in the financial statement in income statement as income from other sources with $ 12,000 (for 3 months) and in balance sheet as advance rent with $ 12,000 amount (for 3 months). In this case, Adelaide Ltd had received shares from and of Melbourne ltd (client of Adelaide ltd) as a gift. Now question arises whether this transaction will be recorded in books of accounts or not. For this purpose, if gift received is tangible and resalable in the market then it should be recorded in the books of accounts. In case of Adelaide ltd they are in receipt of shares which is tangible and can be sold in the market. Therefore theses shares received shall be recorded in the books of accounts at fair market value at the point when it is received. Under this case of Adelaide Ltd, they had received equipment in exchange of creditor account. Under this transaction Adelaide Ltd has gained equipment i.e. asset and loose creditor account balance of $ 3,000. In this case, exchange asst (i.e. equipment) will be recorded on fair value of asset and if any loss or profit will be transferred to profit and loss account or income statement prepared during the year (Savage et al., 2013). Therefore following is the transaction and different heads of financial statements of Adelaide Ltd will be affected with this transaction: In balance sheet equipment (asset) received in the transaction will be recorded with fair value of asset i.e. $ 3,200. Debtor account or customer account will be credited with its balance sheet amount i.e. $ 3,000. At last profit made on exchange transaction shall be recorded in profit and loss account as profit made on exchange on transaction. Following is the journal entry Particulars Dr. / Cr. Amount Equipment (Asset) account Dr. $ 3,200 Debtor or Customer account Cr. $ 3,000 Profit on exchange of accounts Cr. $ 200 Statement of cash flow A: Prepare a cash flow statement using the direct method Cash flow statement As at 30 June PARTICULARS AMOUNT Cash flow from operating activities Cash received from customers or collection $272,000 Calculation of cash payment to supplier ($219,000) Selling expenses ($20,000) Administrative expenses ($9,000) Interest expenses ($7,000) Income tax payments ($1,000) Net cash flow from operating activities $16,000 Cash flow from Investing Activities Sale of equipment Purchase of new equipments ($7,000) Net cash flow from investing activities ($7,000) Cash flow from Financing Activities Issue of bonds $10,000 Dividend paid ($26,000) Net cash flow from Financing activities ($16,000) Net Increase or decrease in cash and cash equivalents ($7,000) Cash and cash equivalents at beginning of period $33,000 Cash and cash equivalents at end of period $26,000 (Alin-Eliodor and Traian-Ovidiu 2013) WORKING NOTE Calculation of cash receipt from customers Net sales + beginning accounts receivable Closing accounts receivable $ 286,000 + $ 14,000 $ 28,000 = $ 272,000 Calculation of cash payment to supplier Purchase + closing stock of inventories beginning stock of inventories + beginning accounts payables Closing accounts payables COGS = Purchase + beginning stock of inventories closing stock of inventories $ 194,000 = Purchase + $ 25,000 $ 38,000 Purchase = $ 194,000 - $ 25,000 + $ 38,000 = $ 207,000 Cash payment to supplier = $ 207,000 + $ 38,000 - $ 25,000 + 43,000 - $ 31,000 Cash payment to supplier = $ 232,000 Calculation of selling expenses Selling expenses depreciation expenses Selling expenses = $ 28,000 - $ 8,000 = $ 20,000 Interest expenses for the year = $ 7,000 Administrative expenses for the year = $ 9,000 Income tax payments = Beginning income tax payable ending income tax payable + income tax expenses Income tax payments = $ 20,000 - $ 26,000 + 7,000 Income tax payments = $ 1,000 B: Prepare reconciliation between profit and cash provided by operating activities. Particulars Amount Net profit $ 41,000 Depreciation $ 8,000 Change in working capital ($ 33,000) $ 16,000 (Bhandari and Iyer, 2013) Working note: Calculation of change in working capital Particulars Amount Increase in accounts receivable ($ 14,000) Increase in inventory ($ 13,000) Decrease in accounts payable ($ 12,000) Increase in income tax payable $ 6,000 Change in working capital ($ 33,000) Conclusion It can be concluded that management of organisation shall be aware about revenue recognition so that financial statements of business organisation shall reflect true and fair information. There are different conditions that shall be fulfilled by business transaction for the recognition as revenue in books of accounts. From this report it can be analysed that cash flow statement presents flow of cash in the business organisation. Every business undertakes three major activities and cash flow statement analyses flow of cash from these activities. These activities are operating, investing and financing. References Bhandari, S.B. Iyer, R. 2013, "Predicting business failure using cash flow statement based measures", Managerial Finance, vol. 39, no. 7, pp. 667-676. Alin-Eliodor, T. Traian-Ovidiu, C. 2013, "Presentation of Consolidated Statement of Cash Flows under IAS 7, Statement of Cash Flows", Journal of Knowledge Management, vol. 3, no. 1, pp. 118-133. Wagenhofer, A. 2014, "The role of revenue recognition in performance reporting", Accounting and Business Research, vol. 44, no. 4, pp. 349-379. Savage, A., Cerf, D. Barra, R.A. 2013, "Accounting for the Public Interest: A Revenue Recognition Dilemma", Issues in Accounting Education, vol. 28, no. 3, pp. 691.

The feeling of Dead Society Poets Essay Example For Students

The feeling of Dead Society Poets Essay It Is a good movie for many stereotype teachers and parents to think about themselves. Although the final result of this movie is an unexpected tragedy, I believe that Mr.. Keating got a perfect success when most of the students stood on the desk; the respectful teacher is their captain In their whole life. He makes the students know what life is, to help more young people to find his own. Students set up Dead Poets Society to release themselves. Also, I believe that most of the students Like the teacher such as Mr.. Keating In nowadays. He encouraged confidence and enthusiasm, I hope that I can find myself, and do the best of myself with his Inspiration, and suck out all the marrow of life. However, he forgot to teach his students how to become brave enough to fight for their dreams or beautiful things. He should say: Never give up, just stand up and always keep smiling. You can become a fighter. Seeing the students named Neil dying for his dreams, I was reminded that my arenas seldom asked me to do things I had no interested in my past. We will write a custom essay on The feeling of Dead Society Poets specifically for you for only $16.38 $13.9/page Order now When I saw Nils father, a stubborn man, never allow Neil to act in the play which Neil like most. He is a man, not a product. How cans he stands being made into shapes as products? He has his own life and interested. No one is born to make another happy, we are born to make ourselves happy and enjoy the sweetie of the dreams we have in our heart. However, One of his classmates called Carbon said the teacher encouraged Neil should seek for his dream. Mr.. Keating should be blamed; actually I think not his fault but Nils father, his father arranged Nils life and his future, I think he was the person should be responsible for the Nils died. At last, I like this words I went to the woods because I wished to live deliberately. I wanted to live deep and suck out all the morrow of life, and not when I had come to die, discovered that I had not lived. I seize all the students can find out the meaning of life and do what they Interested in, what they like.