Critical thinking Essay Example for Free

Critical thinking Essay In academic writing, an argument is usually a main idea, often called a â€Å"claim† or â€Å"thesis statement,† backed up with evidence that supports the idea. In most college papers, one needs to make some sort of claim and use evidence to support it. One’s ability to do this will separate a good paper from other papers. We use argument in everyday life to convince somebody of my ideas or opinion, convince our teachers we deserve a better grade. A better argument is accomplished if no emotion is involved. One component of argument is logic. Claims are statements about what is true or good or about what should be done or believed. Claims are potentially arguable. For example, recent tax cuts should be abandoned another is the civil war is caused by slavery. In making an argument one must use reason to support the claim. Reason is a statement that supports a given claim or in other words â€Å"why do you say that claim?† support is the evidence that we use; one example of evidence is statistics. When making an argument we must remember to use warrants which is influences or assumptions that connect the support to the claim. A very important part when making an argument is to come across to the audience as a credible speaker or arguer that has sufficient evidence, that the evidence is based on research or scholarly articles. It is important to also remember that every argument has a counterargument. Which the argument more interesting and also strong its not one that everyone agrees with.

America! - Home of Millionaires and Homeless :: Argumentative Persuasive Argument Essays

America! - Home of Millionaires and Homeless If you've been to San Francisco lately, then you know homelessness is a big problem. It's impossible to go anywhere in the city without being confronted by panhandlers and other people living in exile. More and more common is the frowzy vagabond with the sign "Homeless. Will work for food. God Bless." Even outside urban communities, this has become a common sight at busy intersections and freeway off-ramps. I'm not trying to say homelessness is a newly emerging problem in our society. I'm sure homeless people have been around since the Pilgrims left Europe in search of religious freedom. However, the situation has escalated to such a degree in the last ten years that it's obviously now a chronic problem that our government is trying to write off. Ironically, as the number of homeless families increase across our beloved country, so do corporate profits. Driving right past the beggar on the street corner are sixty thousand dollar automobiles with passengers too busy to stop and throw out a dollar to help feed a hungry American with no place to live. Something is very wrong with that picture. I once had the misfortune of being stranded in San Francisco in the middle of the night. My car was stolen, I had no money and no one to call. I went to an all-night restaurant to escape the cold and sat on a couch in the lobby to think about what I was going to do. After about thirty minutes, I was approached by a squalid gentleman who asked if I needed a place to stay. A little hesitant, I shrugged my shoulders and nodded. We walked a couple blocks to a shelter for homeless people. My guide said his name was Evan, and the place we were going wasn't exactly the Hilton, but it was safe. It was an empty government building in the Civic Center area. The smell was horrendous; a mixture of BO, bad breath and urine. The sleeping area was a bare room, no furniture, with literally hundreds of people sleeping on the floor. I didn't think I was going to be able to stay because of the loud snoring and bad smell of the other occupants. Evan sensed my discomfort and began to tell me a story abou t how he came to be homeless. He had worked as a long distance operator at AT&T for several years.

Chapter 5 Case Solutions

CHAPTER 5:ACCOUNTING FOR GENERAL CAPITAL ASSETS AND CAPITAL PROJECTS OUTLINE NumberTopicType/TaskStatus (re: 13/e) Questions: 5-1Distinguishing general capital assets from fund capital assetsDescribeNew 5-2Capital asset disclosuresExplainNew 5-3Modified approach for infrastructureDescribeNew 5-4Capital lease accountingDescribe5-8 revised 5-5Asset impairmentExplainNew 5-6Use of capital projects fundsExplain5-4 revised 5-7EncumbrancesExplainSame 5-8Construction work in progressExplainNew 5-9Multiple capital projectsExplainSame 5-10Special assessment capital projectsExplainNew Cases: 5-1Modified approach for infrastructure assetsEvaluate, write5-2 5-2Options for financing public infrastructureEvaluate, explainNew 5-3Political versus economic factors in financing capital improvementsEvaluate, explain5-1 retitled Exercises/Problems: 5-1Examine the CAFRExamine5-1 revised 5-2VariousMultiple Choice5-2 revised 5-3General capital assetsJournal EntriesSame 5-4Capital asset disclosure statementF inancial Statement5-4 revised 5-5Lease classification and accountingCalculate; JEsNew -6Asset impairmentJEs; ReportingNew 5-7Special assessment financingJEs and Explain5-6 revised 5-8Statement of revenues and expendituresCompute; FS5-5 5-9Construction fundJEs & FS5-7 revised 5-10Capital project transactionsJEs & FS5-8 revised CHAPTER 5:ACCOUNTING FOR GENERAL CAPITAL ASSETS AND CAPITAL PROJECTS Answers to Questions 5-1. General capital assets are those that are acquired with the resources of governmental funds and that are reported only in the Governmental Activities column of the government-wide financial statements.Capital assets acquired with the resources of proprietary or fiduciary funds are reported in the financial statements of those funds, as well as in the Business-type Activities column of the government-wide financial statements for enterprise fund capital assets. 5-2. Capital asset disclosures required by the GASB are quite well illustrated by the City and County of Denv er’s capital asset disclosures shown in Illustration 5-2.In brief, the disclosures should include policies for capitalizing assets and for estimating the useful lives of depreciable assets. In addition, the disclosures should include: (1) beginning-of-year and end-of-year balances showing accumulated depreciation separate from historical cost, (2) capital acquisitions during the year, (3) sales or other dispositions during the year, (4) depreciation expense showing amounts charged to each function in the statement of activities, and (5) disclosures regarding collections of art or historical treasures. -3. The modified approach permits a government an alternative to depreciation of certain eligible infrastructure assets. Eligible assets are parts of major networks of infrastructure assets or subsystems of networks, where a network might be a highway system, for example. If the government meets two requirements it can avoid reporting depreciation on its eligible infrastructure assets.The two requirements are: (1) management of eligible infrastructure assets using a management system that includes an up-to-date inventory of eligible assets, condition assessments and results using a measurement scale, and estimates of annual costs to maintain assets at the established and disclosed condition level, and (2) documentation that the assets are being preserved at or above the established condition level. If the government fails to maintain the assets at or above the established condition level, it must revert to reporting depreciation for its nfrastructure assets and discontinue use of the modified approach. 5-4. If the lease meets one or more of the FASB SFAS 13 criteria for a capital lease, as discussed in this chapter, the lease must be reported as a capital lease. If the lease is deemed to be a capital lease, the governmental fund journal entry on the date of inception will include a debit to Expenditures and a Credit to Other Financing Sources—Capita l Lease Agreements.The journal entry at the government-wide level will be the same as that used in business accounting—a debit to Equipment and a credit to Capital Lease Obligations Payable. Ch. 5, Answers (Cont’d) 5-5. Disagree. GASBS 42 requires the government to assess assets for which value might have become impaired. If impairment is judged to have occurred, then the amount of impairment loss must be estimated using one of the approaches described in GASBS 42. The amount of loss will be recorded as an expense of the appropriate function or program and as a reduction in the carrying value of the asset. -6. The use of a capital projects fund is usually required for major construction projects requiring large amounts of financing. The use of a capital projects fund may also be useful for purchases of high-cost items such as acquisitions of land, buildings, and high-cost equipment. A capital projects fund must also be used whenever required by law or grant provisions. 5-7. To facilitate preparation of financial statements at the end of the fiscal year, all operating and budgetary accounts should be closed, including Encumbrances.However, since the project is still underway and contractual commitments still exist to pay contractors when billed, it is essential that Encumbrances be reestablished at the beginning of the next year in order to maintain budgetary control over outstanding commitments. 5-8. All ordinary and necessary costs to construct the asset are appropriately reported as construction work in progress. This includes all legal costs, engineering and architectural services, site preparation, materials used, and billings from contractors, among other items.Interest incurred during construction is not capitalized for general capital assets, however. Construction Work in Progress is found in the ledger for governmental activities at the government-wide level for general capital assets, and not in the ledger for the capital projects fund. In the capital projects fund, all capitalizable items are debited to Construction Expenditures. 5-9. For a multiple-projects fund, encumbrances and construction expenditures should be identified in a manner that will indicate to which project each applies.This can be accomplished by adding a project identifier to the Encumbrances and Construction Expenditures accounts, such as Encumbrances? Street Project or Construction Expenditures? Project No. 10. Identifying encumbrances and expenditures by project facilitates comparisons to budget for particular projects and presentation of cash and expenditure statements for multi-project operations. For example, the City of Smithville Continuous Computerized Problem that accompanies this text has two capital projects funds named the Springer Street Project and the Alzmann Street Project. 5-10.Capital projects fund accounting for special assessments is virtually identical in both of these situations. The only difference is that the credit entr y for issuance of special assessment bonds is to Other Financing Sources—Contribution from Property Owners if the government assumes no responsibility for the debt, rather than to Other Financing Sources—Proceeds of Special Assessment Bonds with Governmental Commitment. Solutions to Cases 5-1. a. Discuss with students various methods of obtaining financial statements and getting â€Å"benchmark† data to make comparisons across entities.Professional associations such as the Government Finance Officers Association, National Association of State Auditors, Controllers and Treasurers, and Association of School Business Officials publish â€Å"best practices† for various areas of public finance, accounting, and financial reporting. Since each student will have a different list of cities, ask them to compare their results with other students and look for patterns in which types and sizes of governments make similar choices in accounting methods, particularly, in this case, regarding choice of infrastructure asset accounting methods. . An important communication skill for students to master is to convey technical financial accounting information in an effective way so that decision makers find the information useful for making informed decisions. You may wish to ask students to show their memo or essay to a finance director of a city and get their opinion about whether the student has captured the fundamental issues relating to infrastructure and communicated it in a professional and informative manner. c.During the implementation years of GASBS 34, the GFOA and some state auditors released policy statements indicating to governments that they did not have to capitalize infrastructure assets to meet minimum standards for the GFOA’s Certificate of Achievement for Excellence in Financial Reporting or the states’ reporting compliance regulations. Despite such statements, most governments that sought a â€Å"clean† audit op inion voluntarily developed inventories of infrastructure and followed GAAP for infrastructure reporting.For most general purpose governments, omitting infrastructure assets would cause their statement of net assets to be materially misstated resulting in a qualified or adverse audit opinion—likely the latter. A government receiving an adverse audit opinion may experience a downgrading of its bond rating and thus face considerably higher cost of borrowing. 5-2a. Option (1), the sales tax approach, offers the advantage of spreading the burden for infrastructure improvements across a larger number of taxpayers, including many non-residents who visit or shop in Desert City.From an equity standpoint, the sales tax approach has appeal because infrastructure improvements enhance the city for visitors and shoppers, as well as for residents. Disadvantages of this approach are the necessity of scheduling and conducting a special election and the political risk of advocating for a tax increase. Option (2), the development fee approach, has the advantage of being relatively â€Å"invisible† to the public and efficient to administer since the number of developers will be relatively small.Although real estate developers can be expected to pass the development fee to new homeowners and businesses, property values may be increased by enhanced infrastructure (e. g. , improved streets and highways, adequate storm drainage, and so forth). As a result, taxpayers may recoup a portion of the development fee. The main disadvantage is the potential inequity of the development Ch. 5, Solutions, Case 5-2 (Cont’d) fee since a relatively high financial burden is imposed on new homeowners and new businesses for infrastructure expansion and improvement that may substantially benefit the entire city.A city council member may prefer the development fee approach since it holds less political risk than asking residents to approve a tax increase. The city manager may prefe r the sales tax approach as retail sales may be less volatile than new construction, which can be strongly impacted by the local, regional, and national economies. Since the city manager is responsible for ensuring that infrastructure stays abreast of population and new development, he or she may prefer a more stable source of infrastructure financing.Current homeowners and businesses might be expected to prefer the development fee approach since those fees would not directly impact on their property and would place the incidence of the tax on others. It would be surprising if new homeowners or new businesses favored the development fee approach as they would probably view it as inequitable. b. Accounting and financial reporting would be minimally impacted by which option is ultimately chosen. Either way, there is revenue to be recognized in a capital projects fund (a tax in one case and development fee in the other).Accounting for infrastructure construction would not be affected b y the source of financing. 5-3. a. Regardless of how a student voted, he or she had plenty of company. With a record voter turnout for such an election, the half-cent sales tax was barely approved. Only 51. 7 percent of the voters in Brown County voted for the tax. As expected, 56. 5 percent of the voters in the City of Brownville voted against it. Except for a few precincts in other cities and towns, voters outside Brownville voted overwhelmingly in support of the tax.While there is no â€Å"right† answer to this question, each student should have provided a rationale similar to one of the arguments provided in the case. A few students may develop unique arguments in support of their vote. Generally, the students who voted for the proposed tax must have thought the county-wide benefits of improved roads and bridges were worth the extra tax costs and outweighed the possible detrimental effects on the City's financial flexibility.Those who voted against it presumably did so us ing the rationale expressed by some voters in exit polls, â€Å"why should I pay more for roads that will benefit rural county residents more than me. † b. Although some students may profess an altruistic motivation for their vote, most are expected to reflect economic rationality. That is, they would likely vote for the sales tax increase if they were an owner of a large commercial or manufacturing property, and would therefore realize a net economic benefit from the property tax rollback and sales tax increase.Even then some students may justify the â€Å"yes† vote on the basis of the county-wide benefits of improved infrastructure rather than their financial self-interest. Ch. 5, Solutions, Case 5-3 (Cont’d) c. Again, there is no right answer to this question. Students (Brownville voters) who voted against the tax probably would argue that residents who primarily benefit should pay for the improvements (i. e. , special assessment financing should have been us ed). Those who voted for the tax probably would argue that the broader (county-wide) economic benefits of improved county infrastructure justifies inancial support by all county residents. Some who voted for the tax may have preferred special assessment financing but possibly feared that failure to approve the sales tax would doom the needed improvements altogether. d. The County's procedures for accounting for the financing and the capital projects activities will differ slightly for the option approved by the voters compared with those that would have been used if special assessment financing had been used.But, as explained in Chapter 5, the procedures for accounting for special assessment-financed capital projects are quite similar to those for other capital projects, especially when, as is often the case, the government is committed in some manner for repaying debt issued for the project. Since bond financing is typically used for special assessment capital projects, accounting for both special assessment taxes and debt service would have been required for an extended period, probably ten years or more.Whether these differences would be termed â€Å"significant† accounting issues is a matter of conjecture; they might be considered significant by the financial staff of the County. Solutions to Exercises and Problems 5-1. Each student will have a different annual report, so he or she will have different answers to questions in this exercise. The various kinds of capital assets and capital projects, wide variety of financing mechanisms, and different accounting policies used in and by governments should generate interesting classroom discussions. 5-2. 1. a. 6. c. 2. d. 7. d. 3. c. 8. c. 4. a 9. a. 5. b. 10. c.

Recruitment, Training, and Compensation at Coca-Cola

Coca-Cola: Recruitment, Training, and Compensation 6 March 2013 Coca-Cola: Recruitment, Training, and Compensation Introduction: Company History and Information This paper will discuss the Coca-Cola company. The Coca-Cola Company was founded in 1892 (Giebelhaus, 2008). It is currently a multi-national enterprise (MNE), and has built a lot of its base through acquisitions and mergers of other companies and soft drink brands. More than 200 countries have Coca-Cola products on their shelves, and the company has also expanded into other avenues (Giebelhaus, 2008). In 1982, Coca-Cola purchased Columbia Pictures, which it eventually sold to Sony for a hefty profit in 1989 (Giebelhaus, 2008). Since that time, the company has been focused only on beverages and not on other endeavors. Despite the fact that Coca-Cola is rather specialized in that it only focuses on beverages, there are still a multitude of jobs within the company and there are still many issues that the company faces when it comes to ensuring that employees are properly recruited, trained, and compensated. Without addressing all three of those areas, even the best company can find that it is struggling in some way, because it failed to bring in the right people and treat them correctly. With hundreds of thousands of employees around the globe, The Coca-Cola Company has to be very careful about recruitment, training, and compensation so that it can continue to attract the best and the brightest people.Show MoreRelatedCoca Cola s Human Resource Management1452 Words   |  6 PagesHMR Strategy Coca Cola Introduction This report will cover the major aspects and the role of human resource management in Coca Cola. 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