Cielo Caldelas. Mrs. Gallos. English Iii Honors. 6 April

Cielo Caldelas Mrs. Gallos English III Honors 6 April 2017 Prevention of Child Hunger Many children in this world suffer everyday in very different ways. Suffering ways could be the loss of shelter or having a very chronic disease. â€Å"We could start with hunger and malnutrition, which kill 3.1 million children under the age of five every year† (McGowan 8). Hunger is considered one of those ways and also causes other suffering barriers. Hunger is the craving and want of food. At times hunger causes a person to become very weak. Hunger has caused many child deaths throughout the centuries. Hunger is thought to only occur in underdeveloped countries, but that thought is wrong. There are a lot of children going through hunger in developed†¦show more content†¦Natural disasters are known for destroying pretty much everything on land. When natural disasters occur it may leave a lot of people without homes, and the places that may provide people with food may also be destroyed, â€Å"Natural disasters, big or small, can cause enormous damage and can suddenly prevent people from having access to food, shelter, electricity and water† (The Issue 1). It is hard for children to get provided with food and shelter. Since children are left without food and shelter for days or months they are experiencing hunger. War has been a really big problem for centuries. War is used to make peace, end conflicts, gain land or lose land, and to gain more power. How does war cause hunger among children? Well war is the act of fighting among people of different countries in order to gain more power or land, as said in the beginning. During the fight among the countries destructive weapons are used. There is destruction among land where people live, or man made destruction and damage. Land where people grow crops may be destroyed as well as stores where people buy food. Since the land is destroyed there is no possible way for people to cultivate and grow crops, and there is also no way for them to buy food because they ar e left with nothing. People are watching out for their lives and their children’s life everyday facing danger, fear, and hunger because of war. There are countries that have a small population, but there are also those countries that

The Benefits Of A Small Business - 737 Words

Although, the market that offers goods and services is over-saturated at the moment, there is always the opportunity of a business, speculating the opportune moment when to enter the market, by zoning, by location or by the category of consumers to whom the offer of services is addressed. Personally, I believe that the biggest scarcity what I meet at this moment is the time, being very busy, sometimes I have the impression that it needs 48 hours to have a full day, but if I were to think of a business opportunity, the first example comes from my neighborhood. At this time on my street can count about six to ten houses inhabited by senior citizens, all retirees and the vast majority of them living alone. In a conversation with one of†¦show more content†¦On Sundays at the church, I met a lot of these people along with their life stories, forgotten by closest ones and most of them with limited travel possibilities. By making a short calculation, 30% of them could be secure cli ents and another 20% potential customers. Obviously, their older age makes the number of customers diminishing over time, but at the same time they are being replaced by the following customers who are coming out. I honestly say that it is not the kind of business that I want to start, not very profitable in the short term, but I would have liked it because I wish so much to help my fellows in the community, to do something good for them , with a minimum profit to justify my opportunity costs. After a few years of activity, the expenses for the purchased car will be amortized, having the opportunity to hire the first worker to handle this activity, leaving me with satisfaction and at the same time the ambition to prove that we can do something for our needy, without a fantastic effort but with some enormous benefits. There is the possibility that because of the lack of customers, the business does not work, the exit from the market can be done without losses or not very high, at the same time it can be applied and vice versa. There is a possibility that the business grows, with the possibility of buying the second car, expanding the circular flowShow MoreRelatedBenefits Of A Small Business967 Words   |  4 PagesSmall-Business Preference Service-Disabled Veterans have earned the right to receive certain preferences for government contracting because they volunteered to serve their country. Congress established programs to benefit Service-Disabled Veterans, choose three programs and describe these programs. Explain how these programs benefit a small business over a large business. 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Asset Revaluations and Earnings Management

Question: Discuss about the Asset Revaluations and Earnings Management. Answer: Introduction: The revaluations of the fixed assets are done to depict the true value of the assets and the company decides to revalue their non-current assets because they provide relevant information to the users of the financial statements. The company revaluing their assets needs to ensure that the revaluation is been done with sufficient regularity so that there is not nay material difference between the carrying value and the fair value. The company considers the frequency of changes in the fair value of the non-current assets when deciding to revalue those (Cho et al., 2015). If there is a volatile change in the fair value of the non-current assets then the revaluation is done on the annual basis. Several other factors forms the basis of the revaluation is when the non-current assets have appreciated considerably and is shown the fair market value of the assets. The company needs to revalue its non-current assets when it is planning to take loan from the financial institution by mortgaging them. The company is able to solve the difficulties of generating cash flows by revaluating the assets. The company seeking the capital does the true rate of return on the capital generated by revaluing the assets and this and this information would be vital to the investors (Derun, 2013). In addition to this, the company is able to negotiate the true and fair value of the non-current assets in the case of merger or acquisitions by revaluation. The two organizations selected form the ASX is the BHP Billiton and Rio Tinto Limited. The BHP Billiton Ltd revalues its non-current assets after carrying out formal impairment tests for all the assets that is non-current and this is done when there is an indication of such impairment. The company monitors several external factors before revaluing the assets. The factors such as the changes in the expected future prices, market factors and other related costs are monitored in order to assess the indication of the revaluation. The company conducts the internal reviews of the assets annually. The information generated by this is used to assess the revaluation of the assets. The recoverable amount is asset is estimated if there is an existence of such indications. If there is an existence of any existence of the revaluation of the assets then the recoverable amount of assets is calculated and this is calculated by taking the higher of the fair value and the then deducting the direct cost of disposal and the value of asset in use. If the recoverable amount of assets is mor e than the value of the asset in use, then the assets are revalued. If there is any loss arising from the revaluation then that is charged in the income of statement so that the carrying amount is reduced to the recoverable amount to be treated in the balance sheet (Hu, et al., 2015). The assessments of the revaluation of the non-current assets are based on assumptions and few ranges of estimates. There is an estimate of the future production and the basis of the future production is based on the probable and proved reserves, expansion of any projects, and estimates of the resources. The commodity prices are estimated on the basis of the contract prices and the forward market and estimates of the price protocol of the longer term. The revaluation is also based on the discount rate to be estimated from the cost of capital which is adjusted to the resources and on the exchange rates that is base on the forward and the current market exchange rates (Wali, 2015). The company determines the fair value of the assets by estimating the amount of the sale of the assets. The mineral assets of the company are determined by estimating the present value of the future cash flow that would arise from the continuous use of the assets. This would involve any disposal of assets, prospects of the future expansion. The company arrives at the net present value of the assets by discounting at the appropriate rate. When the calculations for the revaluation of the assets are performed then the assets are referred to as the cash generating units and are considered as the collective groups. These units, which generate cash, are the identifiable group of liabilities, assets and it also include goodwill that would generate the cash flows, and these are independent of any other group of assets (BHP Billiton.com, 2016). The revaluation of the non-current assets of the Rio Tinto limited is independent from the cash generated from any other current assets. The company revalues its goodwill and other intangible assets regardless of any need of being revalued. If the company has an indication that the carrying value or the amount of the non-current assets such as plant and equipment are not recoverable then the internal review of the value of these assets are conducted which acts as a source of information for the revaluation of these assets (Annual report 2015 - Rio Tinto, 2016). The company when revaluing the assets considers several other factors. The market price of the mineral assets, costs and the future price of the commodities are considered so as to monitor the need for impairment. The forecasting of the price of the ore reserves is generally consistent with the forecasting done for the assessment of the revaluation. The observable input is used to measure the recoverable amount. The mine plan of the company takes into account all the characteristics of the ore body such as haul distances, waste to ore ratios, chemical properties of ore, which would affect the process of the amount to be recovered. The long term plan of production and the life of mine would form the basis of the forecasting of the prices which is also one of the factors leading to the revaluation of the non-current assets (Yao et al., 2015). The two companies have based their revaluation of their non-current assets using several factors, which are internal as well as external to their operation. The internal factors indicating the need of revaluation comes from the reviewing of the need for the impairment. The review of the value of the non-current assets are done annually and this is used as the information source to revalue. However, the factors which are external to the company and indicating the need for revaluation is assessed by forecasting about the future prices and by considering the costs and the market factors. All the external factors are analyzed by the company which form the basis of revaluation Reference: Bhpbilliton.com. (2016). Retrieved 11 September 2016, from https://www.bhpbilliton.com/~/media/bhp/documents/investors/annual-reports/2015/bhpbillitonannualreport2015.pdf. Annual report 2015 - Rio Tinto. (2016).Riotinto.com. Retrieved 11 September 2016, from https://www.riotinto.com/investors/annual-report-2015-16577.aspx Cho, H., Chung, J. R., Kim, Y. J. (2015). Asset Revaluation and External Financing: Evidence from Australia.Available at SSRN 2557978. Choi, T. H., Pae, J., Park, S., Song, Y. (2013). Asset revaluations: motives and choice of items to revalue.Asia-Pacific Journal of Accounting Economics,20(2), 144-171. Derun, I. (2013). Ways for Accounting Policy Improvement of Non-current Assets at Industrial Enterprises (by Ferroconcrete Structures Plant Example).Accounting and Finance, (4), 24-31. Hu, F., Percy, M., Yao, D. (2015). Asset revaluations and earnings management: Evidence from Australian companies.Corporate Ownership and Control,13(1), 930-939. Wali, S. (2015). Mechanisms fixed asset revaluation.International Journal of Accounting and Finance,5(1), 82-97. Yao, D. F. T., Percy, M., Hu, F. (2015). Fair value accounting for non-current assets and audit fees: evidence from Australian companies.Journal of Contemporary Accounting Economics,11(1), 31-45.