Essay on Case Analysis 10-3 Kansas City Zephyrs Baseball...

I.Issues Why does net income not equal cash flows? Why do we need accrual accounting? (Why do not we fire all accountants and just publish summary bank statements) Why do the differences between owners’, players’, GAAP and truth number exist?(Can accounting numbers be neutral representations of what happened? What happens if a retired non-roster player (e.g. Joe Portocararo) returns to the active roster while continuing to earn the same money promised him in his guaranteed contract? Of what importance are the periodic net income numbers if the clubs can always be sold for huge profits? How should Bill Ahern resolve the accounting conflict between the owners and players? How much did the Kansas City Zephyrs Baseball Club earn in†¦show more content†¦Because there was a rumor about the owners were hiding profits with some accounting tricks. The burden was heavy on Ahern’s shoulders because his decision would effect the ongoing contracts and negotiations. Major league is consisted of 26 baseball teams. Most of the teams’ annual revenue were between $20 million and $30 million. According to their meeting, these points had been made; Player compensation Roster depreciation Transfer pricing of related operation (stadium costs) One fact that some part of players’ compensation is not paid immediately in cash. For the highest-paid players, the team agreed to defer their salaries for 10 years. Therefore, it helped them to save taxes and income. Some part of players’ compensation came in signing bonuses to be expensed as incurred. The other issue was that the retired players. They were not on the current roster however they were being paid according to the contract. Owners decided to expense the whole amount in 1984 because they were not active players and not serving to bring in their current revenues. Additionally, because of the tax rules, 50% of the purchased price, which is $12 million, was designed as the value of the player roster then. This value was capitalized and depreciated over six years. Besides all these, the stadium rents were set to understate the profits of the club and to move some profits to the stadium corporation. The res t of their accounting is very straightforward. Most ofShow MoreRelatedCase Analysis 10-3 Kansas City Zephyrs Baseball Club, Inc. Essay1719 Words   |  7 Pagesperiodic net income numbers if the clubs can always be sold for huge profits? How should Bill Ahern resolve the accounting conflict between the owners and players? How much did the Kansas City Zephyrs Baseball Club earn in 1983 and 1984? Facts This case shows that how different accounting methods can lead a company to different positions. That is what Bill Ahern was selected on April 9 to focus on reviewing the finances of the Kansas City Zephyrs Baseball Club, Inc., which was bought on NovemberRead MoreDarden Mba Resumes16768 Words   |  68 Pagesscholarship); ï‚ · GMAT: 730; AWA: 5.5 ï‚ · Member of Finance Club, Energy Club and Darden Capital Management Club Charlottesville, VA Nanyang Technological University Singapore Bachelor of Engineering (Computer Engineering) and Minor in Business, June 2006 ï‚ · Awarded full scholarship (among top 50 from over 10,000 candidates) ï‚ · Received First Class Honors (top degree distinction, GPA: 3.95). Dean s list holder (among top 5%) ï‚ · President of NTU Apex Club (premier club for computer programming enthusiasts); spearheaded

Benefits Of Genetically Modified Food Essay - 1443 Words

Unless one eats only fresh, unprocessed foods that are marked as non-GMO or certified organic; chances are that one eats food that has been genetically modified. Up to eighty percent of food in stores in America are genetically modified. America pushes these foods and the biotech industry so intensely. But, are these foods truly safe? Many people don’t exactly know what a GMO is. A GMO is a genetically modified food. They are plants or seeds that have been changed genetically by scientist. Scientist do this by adding DNA from another plant, bacteria, or virus to the plant or seed. This makes plants have new qualities. Such as, resistance to disease, bugs, drought, and longer shelf life. GMOs are also usually resistant to chemicals in pesticides. Allowing fields of corn, for example, to be sprayed with pesticides, and letting the crop live while killing just the weeds within the crop field. Another example is RoundUp Ready corn; this corn can be sprayed with weed killer and survive while the weeds die out. Scientist can also create potatoes that don’t get bruises from the farm to the table and apples that don’t brown when you slice them. All the ‘perfect’ food sounds peachy. Monsanto, a GMO food company, even says that GM foods are completely safe. In fact, Monsanto states on their website they state that, â€Å"in the nineteen years since GMO crops were first commercialized we haven’t found any evidence of harm to humans or animals. Since safety was first demonstrated andShow MoreRelatedBenefits Of Genetically Modified Foods1354 Words   |  6 PagesGMO’s Genetically Modified Foods is a new contervserasonal topic on the health on agricultural of the world. It is heavily debated for the reason that it can be seen as a health risk or a major advancement in Agriculture. One on hand, it can be used to increase production, as well has have foods that could be altered to be pest-resistant and greater nutritional values (WHAT ARE THEY). While on the other hand, many consider ‘Safety testing of whole foods is difficult. Generally assessment of ‘safety/toxicity’Read MoreBenefits Of Genetically Modified Food967 Words   |  4 PagesA genetically modified food is food that was made using organisms that were genetically modified as well. What the engineers do is take certain traits that they like from each crop and transfer them to another to get their desired food. There is a company called Arctic Apples which uses biotechnology to identify certain genes that, when mixed with polyphenolics, turns the apples brown. When they identify it, they remove the genes that cause it and the apples don’t go brown. This is one of many geneticallyRead MoreBenefits Of Genetically Modified Food1330 Words   |  6 Pages Everyone has heard of genetically modified food. They have become so prominent in the United States and fill up a majority of our supermarkets. There has been controversy over the past few years on whether genetically modifying animals and crops is ethical and safe. But what a majority of Americans lack is knowledge of genetic engineering (GE). Many Americans hear the term genetically modified organism (GMO) and think it sounds scary or bad. They decide to be against the techniques of GE beforeRead MoreBenefits Of Genetically Modified Foods905 Words   |  4 Pagesthree decades since the discovery of genetically modified foods (foods formed by organisms that have gone through altering DNA using the procedures of genetic engineering.) In the year 1983, the original genetically modified he rb was manufactured with antibiotic-resistant tobacco. A near decade after, the FDA (food and drug administration) had finally approved to put a genetically modified tomato on the market. Countless organizations are proclaiming the benefits of GMO’s, whereas, other believe it’sRead MoreBenefits Of Genetically Modified Foods1647 Words   |  7 Pages What foods are genetically modified? Well, most food that â€Å"contains sugar from sugar beets, soy, or corn,† is genetically modified (Mercola, 2015, p. 4). Most people consume genetically modified, or GM, foods every day without even being aware. While some do avidly monitor their food consumption and avoid GM foods, others simply eat GM foods because, to them, GM foods seem safe to consume. In â€Å"Genetically Modified Foods Are Not Safe to Eat,† osteopath, Joseph Mercola, advocates his concerns of consumingRead MoreBenefits Of Genetically Modified Foods938 Words   |  4 Pages Have you ever thought of what would happen to everyone on Earth if Genetically Modified Foods were allowed? According to the World Health Organization, Genetically Modified Foods or Genetically modified Organisms are organisms where the genetic material has been modified in a way that does not occur naturally by mating and/or natural recombination(World Health Organization). Genetically Modified Foods are foods that are altered to give more portions and cause people to earn more money. They alsoRead MoreBenefits Of Genetically Modified Foods998 Words   |  4 Pagesengineering of foods, scientist, researchers, and farmers have changed the way food is grown. And this has started raising questions about the methods they use and their possible risks and side effects. To understand the risks and benefits of genetically modified foods you must first understand what they are. Genetically modified foods may also be referred to as GM foods, GMO, modified crops, GM organisms, or bio-tech foods. (Wohlers, Anton E, 2013, p73-84) You may see me referring to Genetically ModifiedRead MoreBenefits Of Genetically Modified Foods1203 Words   |  5 PagesGenetically modified organisms, sometimes known as GMO’s, are plants or animals that are created through the process of genetic engineering. Modified foods are often viewed as a valuable solution to ending world hunger, because they take less time to produce into larger crops. The use of gmos have increased in recent years,because they can grow bigger and faster than regular fruits and vegetables in much harsher environments.Also have seem to sustain and fight off many of the pests that have troubledRead MoreBenefits Of Genetically Modified Foods1553 Words   |  7 Pages Genetically Modified foods are made when genetic material from the DNA of one species of a plant’s genes is extracted and forced i nto the genes of different plants in a laboratory. Everything that is living is made of billions of cells. Inside each of these cells there is a nucleus that contains DNA. DNA is what carries the genetic information that the organisms on from one generation to another have to make a new organism and keep it functional. Genes are made of DNA. They make up the partsRead MoreBenefits Of Genetically Modified Foods1350 Words   |  6 PagesAbstract Rise of genetically modified foods that are sold to markets were analysed in the areas around USA, Argentina, Brazil and Canada. The aim of this report is to provide a detailed benefits and disadvantages of genetically modified crops where it was observed that it will be good alternative with the advancing biotechnology on overpopulation feeding requirements. Introduction Foods that are produced from organisms that had modification on their DNA structure using methods of genetic engineering

Analysis of the Bioethical Issues in Gattaca Essay Example For Students

Analysis of the Bioethical Issues in Gattaca Essay Biology is the science of life. Technology uses science to solve problems. Our society has progressed in its understanding of life to the point that we are able to manipulate it on a fundamental level through technology. This has led to profound ethical dilemmas. The movie Gattaca explores some important bioethical issues that are currently the focus of much dispute. The underlying thematic issue presented is the question of the extent to which biologically inherent human potential determines the true potential of a person. Perhaps the most controversial issue in Gattaca is the use of genetic engineering technology in humans to create a more perfect society; this is, essentially, a new method of Eugenics. Another related issue seen in the movie is that of pre-natal selection. Through the use of the same or similar technologies, parents are able to choose the characteristics with which their children will be born. The controversy of these issues stems from the immense potential in genetic sciences for both positive use and harmful misuse. Though the questions and fears of critics reflect the wisdom of caution, the potentially unlimited benefits mandate that we pursue these technologies. The central subject of Gattacas plot is human potential. This is an important bioethical issue and is basically an example of the classic argument: Nature v. Nurture. The debate is of the role of nature compared to the role of environment in the shaping of personalities and other mental and physical characteristics. Psychologists have argued on this issue extensively. In the context of genetics and the movie Gattaca, the debate is of the respective roles of original genetic makeup and environment in determining the true potential of a person. The movies theme is There is no gene for the human spirit. The main point asserted by the movie is that determination, human spirit, and other factors not genetically inherited substantially affect a persons abilities and potential for excellence. This is shown through the accomplishments of the genetically inferior main character, Vincent. Vincent was naturally conceived and born, leaving flaws in his genetic code that could have been eliminated through engineering. Notwithstanding, he is able to outperform his genetically engineered colleagues in the Gattaca space program. The movie is primarily about the difficulties he faces because of discrimination that results from judging a persons worth based only on their genetic profiles. Many fear that this sort of discrimination could become a reality in our future. Legislation has already been passed to prevent discrimination based on genetic testing. In the movie this sort of legislation existed but was ignored. Obviously, the plot would have been much different if such legislation were adequately enforced. Eugenics is the name given by Francis Galton to a theory for improving humanity through judicious matings.. . to give the more suitable races or strains of blood a better chance of prevailing speedily over the less suitable. However, this process for bettering society through biological improvement is an indirect method. Through advanced technology, the step of selective breeding could possibly be bypassed. With these technologies it may be possible to directly and dynamically manipulate genetic code. The change of this code is the direct cause of change in the genetic product: people. But what is the desired product? What kind of people do we want, and with what characteristics? These questions exemplify the ethical quandaries raised by these procedures. Worried critics point to the extreme application of eugenic ideas in Nazi Germany. Others are simply opposed to any tampering with nature by the inadequate hands of humankind. In the movies time period of the not too distant future, genetic engineering technology is far progressed from todays capabilities. The predicted abilities to eliminate genetic propensity for disease and instill high intellectual faculties are presented as routine for the characters in Gattaca. Still, many experts believe that those days and procedures are near indeed. .u767661ea8108cc7fc8f99d57f5fee65f , .u767661ea8108cc7fc8f99d57f5fee65f .postImageUrl , .u767661ea8108cc7fc8f99d57f5fee65f .centered-text-area { min-height: 80px; position: relative; } .u767661ea8108cc7fc8f99d57f5fee65f , .u767661ea8108cc7fc8f99d57f5fee65f:hover , .u767661ea8108cc7fc8f99d57f5fee65f:visited , .u767661ea8108cc7fc8f99d57f5fee65f:active { border:0!important; } .u767661ea8108cc7fc8f99d57f5fee65f .clearfix:after { content: ""; display: table; clear: both; } .u767661ea8108cc7fc8f99d57f5fee65f { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u767661ea8108cc7fc8f99d57f5fee65f:active , .u767661ea8108cc7fc8f99d57f5fee65f:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u767661ea8108cc7fc8f99d57f5fee65f .centered-text-area { width: 100%; position: relative ; } .u767661ea8108cc7fc8f99d57f5fee65f .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u767661ea8108cc7fc8f99d57f5fee65f .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u767661ea8108cc7fc8f99d57f5fee65f .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u767661ea8108cc7fc8f99d57f5fee65f:hover .ctaButton { background-color: #34495E!important; } .u767661ea8108cc7fc8f99d57f5fee65f .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u767661ea8108cc7fc8f99d57f5fee65f .u767661ea8108cc7fc8f99d57f5fee65f-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u767661ea8108cc7fc8f99d57f5fee65f:after { content: ""; display: block; clear: both; } READ: Drunk Driving as a Social Issue Essay Many would call the technological predictions expressed by the movie conservative. No one knows what unimaginable feats these technologies may enable in the future. For many people, though, this only compounds the moral concerns involved with these studies. Obviously, these developments need to be pursued in a prudent manner. In Gattaca, pre-natal .