Melvin In conclusion the transfer of the boat cannot be handled as a reciprocal transfer; since Melvin does retain control of the building. Therefore, this transaction will be treated as a non-reciprocal transfer, which requires the fair value of the asset received to be recorded. In this case there is not a clear fair value for the boat which means that since, “…the recorded amount of the nonmonetary asset transferred from the entity may be the only available measure of the transaction” ASC 845-10-30-8, the fair value of the recently appraised building will set the value for the transaction. As Melvin has received delivery of the boat, there is now a performance obligation on his side and he must record the transaction as a debit to a
First, when a creditor (ICE) extends credit to a debtor (Top Quality) and takes a security interest in some property of the debtor, Top Qualities inventory in this case, it is called a secured transaction. The inventory is then considered collateral for the financing that ICE provided for Top Quality, which was made clear in the financing statement that ICE filed. Any secured transactions where personal property is used as collateral is governed by Article 9 of the Uniform Commercial Code. The UCC was revised in 2001 to better adhere to modern times, and since this case took place from 2007 to 2009, we will be applying the revised edition. There are many sections of Article 9 that should be considered when examining this case. First, the filing of a financing statement, form UCC-1 in Article 9, should be confirmed as filed with the appropriate state office. Once this has been done, confirming the attachment of Top Quality’s inventory to ICE, we can then look to confirm that the initial sale to Chrisman was paid in full to Top Quality, which it was. If this were not the case, ICE would be entitled to the remaining sale proceeds. Now we move on to the requirements of a buyer in the ordinary course of business, per Article 9 of the UCC. According the textbook, “A buyer in the ordinary course of business who purchases goods from a merchant takes the goods free of any perfected or unperfected security interest in the merchant’s inventory, even if the buyer knows of the existence of the security interest” (Cheeseman). The textbook then continues to explain that this rule is necessary because buyers would be reluctant to purchase goods if the merchant creditors could recover the goods if the merchant defaulted on the loans owed to secured creditors. These statements come from the Revised Article 9, section 320(a). This is based on the idea that the buyer purchases in good faith, meaning that they are
Interview Task 1 | Zachary Geller Research: I did not know exactly what brand of “smart” board we are talking about A google search for “smart boards cbsd” brought up a link about SMART software training for teachers https://www.cbsd.org/Page/21533 [Link 1] This led me to believe that “SMART” is the actual brand of software + equipment that cbsd may be using Googling ‘“SMART” NOTEBOOK SOFTWARE’ brought up https://education.smar So after finding the device manufacturer's website I was able to find troubleshooting links under their support page You can choose which specific model the teacher uses and that provides additional troubleshooting manuals Attempt and Problem Solving: Now the issue here is that the ticket provided to the IT department has minimal helpful information. We only got “it was an emergency.”
All information about the following characters in the case study were retrieved and/or inferred from A Consequence of Testing ALL Students article.
ARB43, Ch.4, Par.9 ?Where evidence indicates that cost will be recovered with an approximately normal profit upon sale in the ordinary course of business, no loss should be recognized...?
On July 11th, 1975 in Milwaukee, Wisconsin a doctor by the name of Lester V. Salinsky, performed a surgery on the plaintiff, James Johnson. The surgery was took place at Misericordia Community Hospital (Misericordia), defendant, by Dr. Salinsky. Dr. Salinsky was scheduled to remove a pin fragment from the plaintiff’s right hip. However, “during the course of this surgery, the plaintiff’s common femoral nerve and artery were damaged causing a permanent paralytic condition of his right thigh muscles with resultant atrophy and weakness and loss of function” (Johnson v. Misericordia Community Hospital, n.d.). The plaintiff filed suit against Dr. Salinksy and Misericorida on October 13th, 1976, fifteen months after his unsuccessful surgery, which
Marvin Pickering was a science high school teacher in Will County, Illinois. Pickering was dismissed from his job after he wrote a letter to the editor of the local paper, Lockport Harold. The letter was sarcastically criticizing the way his superintendent and school board raised and spent funds. The superintendent and school board took offense to the comments within the letter and dismissed Marvin Pickering from his teaching job.
This case study is about a man, Miller, who has worked at a factory for 27 years. He is a pocket setter and is able to run two machines in an efficient manner. He is happy with his job as well as happily married to his wife who works at the same factory. He has children but they are raised and moved out of the Miller’s home. He wants to work another ten years before retiring but is rethinking this decision due to the company hiring a consultant firm who has recommend a job enrichment program and his job will be the first to be effected by this program. Right now he just uses the machines and sews but under the new program he will also have to get his own materials, get his own needles, perform routine maintenance on his equipment, and deliver his work to the next station. He believes this will be having him to do three jobs instead of two and that he could go elsewhere and not to have to deal with something like this.
The case study of “What should we do with Jim?” has been read and a set amount of questions has been asked about the reading, which will be answered by the following:
Melvin Udall is a successful author who lives in an apartment with Simon, the gay artist and eventually develops a love interest towards Carol, the waitress. He has a strong disliking of any person that is not ‘normal’ in his mind, for example gay people, like Simon, the artist who lives in the same apartment as him. Besides those are people who are not of his race or skin color, which can be seen when a Jewish couple was having a normal conversation, but Melvin constantly talks bad about their culture and religion in front of them and caused them to leave. He also does not like dogs, which is shown when he throws Verdell, Simon’s dog, into the garbage chute of the apartment. Nobody likes him.
The case study on Kevin Miller is very challenging. Kevin Miller is White 5th grade student, and his parent are very supportive. Kevin has a problem with attention span; consequently, he I has been identified as a candidate for Greentree Elementary School Gifted and Talented Program. I will attempt to describe the issues related to Kevin’s moral judgement and self-concept; furthermore, I will make recommendations on his part.
At first glance, McAllen, Texas may seem like just another small town on the map. In fact, it’s one of the “largest” small towns, because it’s named the nation’s most obese metropolitan area. In McAllen, almost 40% of residents have a Body Mass Index of 30 or higher. The obesity rate is accredited to the residents’ poor health; 21% of the city’s population has been diagnosed with diabetes (more than any other metropolitan area in the United States). McAllen has one of the highest poverty rates in the country with 37.7% of the population living below the poverty line (U.S. Census Bureau, 2011). This little, diverse town needs big changes. As a Louisville Cardinal, I will begin my undergraduate studies in Pre-Medicine with a Spanish minor. As
Since the property was a dilapidated building in a bad location and had been vacant for a number of years, Daniel estimated the value to be $1.9 million. less than what the Sub valued it at. Daniel spoke with the managers of the Sub about writing. down the value of the property by what he had estimated, and they refused. Daniel decided to submit his analysis with a “subject-to-opinion” designation since he and the client had a difference of opinion.
...useless car to a junk yard to recover some loss, but the difference of the re-sale of the junk-car would be a significant loss. Though there were no adequate assurances to the contract, anticipatory repudiation is the only probable remedy for Jack. However, the outcome would weigh on the predominant factor test, which is met because Tom is covered as a merchant because he is operating in his usual daily business, and Jack is the buyer. The sole purpose of the contract was for Tom to sell Jack a car, and for Jack to buy a car from Tom. The UCC, though less stringent than the statute of frauds, does effectively regulate commercial transfers allowing the free market to operate without diminishing the integrity of trade.
Dave Armstrong is about to graduate from Harvard Business School and is facing three career options. The decision problem that Armstrong should be considering is not which of these three jobs should he take, but rather what job will satiate his career goals. By asking this, Armstrong can gain a complete perspective of his options instead of being confined to three career options that may not be in his best interests. His objectives are not clearly outlined in the case; however, we can infer from the manner in which he is describing the jobs that he would like to have ownership in a company, enjoys thrilling non-office jobs, and wants to grow his network. Also, he has to take into consideration his wife’s objectives for him of having a job
Select a leader who you feel has exhibited exemplary ethical conduct to do the following: