Category: Writing

Pete’s Petroleum, Inc., an SEC registrant with a calendar year-end, is in the business of constructing and operating offshore oil platforms. Pete’s Petroleum is required legally to dismantle and remove the platforms at the end of their useful lives, which is estimated to be 10 years. On January 1, 2016, Pete constructed and began operating an offshore oil platform off the coast of Brazil. The total capitalized cost to construct the platform was $ 3,700,000. In addition, while the future cost of dismantling the oil platform is difficult to estimate, Pete believes there is a 40% chance that the future cost will be $ 1,425,000, a 40% chance it will be $ 1,650,000, and a 20% chance that it will cost $ 2,125,000. The appropriate discount rate is 12%, and Pete uses the straight- line method of depreciation. Required: 1. Prepare the journal entries that Pete should record in 2016 related to the oil platform. 2. Prepare an amortization schedule for the asset retirement obligation. 3. Next Level Prepare a table showing the effect of accounting for the asset retirement obligation on assets, liabilities, shareholders’ equity, and net income relative to accounting for the associated costs at the end of the asset’s service life when the expenditure is made.

Visit the Web site of the Qualitative Research Consultants Association (www.qrca.org). Write a report about the current state of the art in qualitative research.

“One need not be concerned with reliability and validity in applied marketing research.” Discuss this statement as a small group.

Using these sources, and your own knowledge, consider the extent to which global economic governance is effective. Source A The remarkable growth in the extent of international economic integration in recent decades has far outpaced the existing capacity for global economic governance. The intensification of globalization has increased the inadequacy of the institutions of global economic governance and their policies. This became especially apparent during the Global Financial Crisis, also known as the Great Recession, which began in 2008 and the destructive effects of which still continue. The crisis showed that contemporary national and international economic institutions could not achieve stability let alone other goals. In fact, some of the policies multilateral economic institutions have been commending during the last thirty years contributed to the contagion which spread globally from the US where the crisis began. Source B Key objections have been raised in national parliaments to the fiscal disciplines that the new, and spectacularly mis-named, “stability union” imposes on members of the eurozone, while the beefed-up financial backstop to halt further market contagion already looks pretty much dead in the water. Nor is it just within the narrow confines of the eurozone that the financial crisis is testing multilateral solutions close to destruction. Who could in any case regard the vicious program of austerity measures prescribed by multilateral arrangem

Observe Mr. John Oakhurst Case and answer the following 1. Who is the most admirable character in the story? And why? 2. Identify why each character is an outcast. Why are they, morally and physically, “cast out”? Think about the issues of societal and personal morality. 3. This story is an example of the American literary movement Realism and Regionalism. Thinking about what both of these words mean, and without looking up their literary definitions, what are some aspects of each movement? Give examples from the story. AS Mr. John Oakhurst, gambler, stepped into the main street of Poker Flat on the morning of the twenty-third of November, 1850, he was conscious of a change in its moral atmosphere since the preceding night. Two or three men, conversing earnestly together, ceased as he approached, and exchanged significant glances. There was a Sabbath lull in the air, which, in a settlement unused to Sabbath influences, looked ominous. Mr. Oakhurst s calm, handsome face betrayed small concern in these indications. Whether he was conscious of any predisposing cause, was another question. “I reckon they re after somebody,” he reflected; “likely it s me.” He returned to his pocket the handkerchief with which he had been whipping away the red dust of Poker Flat from his neat boots, and quietly discharged his mind of any further conjecture. In point of fact, Poker Flat was “after somebody.” It had lately suffered the loss of several thousand dollars, two valuable

Name and explain the seven qualities of counselors considered to be the most influential by leading authorities as identified by Okun.

Morgan Photography’s markup on its antique picture frames is 35% of selling price. Its cost on the medium-size antique frame is $115.70. For portrait photos shot by Morgan’s, this frame’s price is reduced to $133.50. What is Morgan’s operating profit or loss at this price if overhead expenses are 20% of the regular selling price?