Chapter 4 Solutions Essay - 1016 Words

Question 11. In early 2003 Bristol-Myers Squibb announced that it would have to restate its financial statements as a result of stuffing as much as $3.35 billion worth of products into wholesalers’ warehouses from 1999 through 2001. The company’s sales and cost of sales during this period was as follows: | 2001 | 2000 | 1999 | Net sales | $18,139 | $17,695 | $16,502 | Cost of products sold | 5,454 | 4,729 | 4,458 | The company’s marginal tax rate during the three years was 35 percent. What adjustments are required to correct Bristol-Myers Squibb’s balance sheet for December 31, 2001? What assumptions underlie your adjustments? How would you expect the adjustments to affect Bristol-Myers Squibb’s performance in the coming†¦show more content†¦The decline in both Tax Expense and in Net Profit are reflected in the Balance Sheet by a decline in Deferred Taxes and in Ordinary Shareholders Equity, respectively. Adjustments for Dec.31, 2001 ($billions) Assets Liabilities amp; Equity Balance Sheet Trade Receivables -3.35 Inventories +1.00 Deferred Taxes -.82 Ordinary Shareholders Equity -1.53 Income Statement Adjustments for Dec.31, 2001 Sales -3.35 Cost of Sales -1.00 Tax Expense -.82 Net Profit -1.53 Question 13. On March 31, 2006, Germany’s largest retailer Metro AG reported in its quarterly financial statements that it held inventories for 54 days sales. The inventories had a book value of â‚ ¬6,345 million. How much excess inventory do you estimate Metro is holding in March 2006 if the firm’s optimal Days’ Inventories is 45 days? Calculate the inventory impairment charge for Metro if 50 percent of this excess inventory is deemed worthless? Record the changes to Metro’s financial statements from adjusting for this impairment. Metro’s inventories on March 31, 2006 were â‚ ¬6.345 billion, equivalent to 54 days. If the optimal days’ inventories was 45 days, the value of the optimal inventories would be 45/54*â‚ ¬6.345 billion, or $5.288 billion. If 50% of the gap (50%*(6.345-5.288)=$0.529 billion was impaired, the changes to Metro’sShow MoreRelatedEssay on Chapter 4 Solutions3079 Words   |  13 Pagesï » ¿Chapter 04 Analyzing Investing Activities       Multiple Choice Questions    1.  Which of the following would rarely be classified as a current asset?   A.  Prepaid insurance B.  Goodwill C.  Marketable Securities D.  Work-in-progress    2.  Which of the following would not be classified as a current asset?   A.  Inventory B.  Accounts payable C.  Accounts receivable D.  Prepaid expenses    3.  An asset is considered to be liquid if:   A.  it is readily converted into a current asset. B.  it isRead MoreSolutions to Homework Assignments: Chapter 43192 Words   |  13 PagesSolutions to Homework Assignments: Chapter 4 6. 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A White Man s Burden, And Achebe s Things Fall Apart

In history, colonization was a truly popular tradition practiced by great and powerful empires in order to extract and retrieve all materials necessary to support their homeland. However, in order to achieve such sense of commerce and well-being, those colonists who had the power, had to colonize weaker and far less advanced societies. Great powers such as Britain and France would then travel to these societies and implement their rule in order to gain prosperity. Some, those who benefited from colonization, felt that the practice of colonization was an obligation to better the â€Å"uncivilized,† societies and help them advance, but the emotional and physical hurt that came from colonizing outweighed the positive aspects. The intention was good, but the manner in which colonization was carried out was poor. This topic is immensely controversial that pieces such as Kipling’s poem, â€Å"A White Man’s Burden,† and Achebe’s â€Å"Things Fall Apart,â €  have been written in order to support or go against colonization. But despite much debate, colonization has been a tradition that has caused those regions being colonized much struggle and negativity. The novel Things Fall Apart, speaks of the life of Umuofia2, a fictional Nigerian village, and its traditions before colonization and then the changes it faces at the initiation of colonization. It is based around the life of a man named Okonkwo before the colonists come and the struggles he faces when they arrive. Just as all other regions, UmuofiaShow MoreRelatedThe Book Things Fall Apart Essay986 Words   |  4 PagesThe book ‘Things Fall Apart† highlights many different aspects of African culture and shows us how incredibly bright, beautiful, harsh, violent and mystical the lives of Nigerians were. In this text several concepts will be questioned and analyzed, such as the importance of the character’s daily life and rituals, the language used throughout the writing, comparing how they deal with problems and solving them, determining whether or not the text contains a local or grand narrative, and if thereRead MoreThings Fall Apart and Universal Appeal951 Words   |  4 PagesThings Fall Apart-Universal Appeal Confronted with a global conscious filled with hazy, negative conception of the African reality, appalled with such one sided works as Heart of Darkness and Mr. Johnson, Chinua Achebe determined in 1958 to inform the outside world about Ibo cultural traditions1. One can appreciate then, Achebe s inclusion of universal themes and concepts in is novel as a means of bridging the cultural gap with his audience and reiterating that Africans are in the end, humanRead MoreChinua Achebe s Things Fall Apart1410 Words   |  6 PagesTeddy Manfre Ms. Blass ENG 209-001 April 24, 2017 Things Fall Apart In 1958, Chinua Achebe a famous Nigerian author publishes one of his most famous novels Things Fall Apart. The novel takes place in a Nigerian village called Umuofia. During the time that this novel is published Nigeria is being criticized by the Europeans for being uncivilized. In response, Achebe uses his brilliance in this novel to express the valued history of his people to his audience. His focus in the novel is on the pre-colonizedRead MoreChinua Achebe’s Things Fall Apart Essay1736 Words   |  7 PagesThe classic African literary tale Things Fall Apart, written by Chinua Achebe, is a brilliant account of historical African culture and the destruction colonialism can cause upon such cultures. As the reader follows the narrative and complexity of the characters through the novel, a sense of pride, trust, and faith in history emerges. Yet, with the introduction of colonialism the characters must learn to embrace and adapt to a new culture and set of beliefs or face ter mination from society. TheRead MoreThe And Its Effects On The Culture1333 Words   |  6 PagesPut yourself in this situation: It s a particularly sunny day, and no cloud in the sky. It s a normal day to you, and your going about your business. Carrying out your everyday deeds, believing in the most precious things that you hold to yourself, and then something strange occurs. A shadow of change swoops over your head. Your everyday priorities don’t matter anymore, and your greatest beliefs and goals become your greatest burden. But this imaginary situation is just a mere reality to thoseRead MoreNegative Effects Of Colonialism1253 Words   |  6 Pageshumanities and eventually stripped every aspect of their originality. Civilizations are intended to have firm foundations based on their own morals and values. This movement of dominant invasion caused culture s firm ground to be shaken, eternally. Colonialism only results in societies being torn apart and stripped because of the diversion of newcomers. They do not realize it at the time but eventually, they will begin to realize the disatisfaction they have obtained because of the changing in their customsRead MoreChinua Achebes Things Fall Apart Essay examples1048 Words   |  5 PagesChinua Achebes Things Fall Apart The last chapter of Chinua Achebes Things Fall Apart concludes with the sentence: He had already chosen the title of the book, after much thought: The Pacification of the Primitive Tribes of the Lower Niger. This refers to the District Commissioners chosen title for a book he has written that would have the African people, the Igbo tribe specifically, as the main subject. From the title itself, one can say that the writer has an unfavorable bias againstRead MoreThings Fall Apart By Chinua Achebe Essay1851 Words   |  8 Pageschoice and styles are critical not only to the reader’s understanding of the text but to his appreciation as well. How language is effectively manipulated in their writings enhances the reader’s valuing of the works. The selected novel Things Fall Apart by Chinua Achebe is a representation of Igbo culture and their language. It explores the life of an Igbo tribe at the time of when colonization hit Africa. It could be considered as a post-colonial text, as the protagonist of the story and the otherRead MoreAnalysis Of Jon Lee Andersons The Distant Shore1215 Words   |  5 Pagestheir existence through the ingenuity of economic advancement. In Things Fall Apart by Chinua Achebe, the Ibo people slowly experience their own cultural deterioration not only through religious burden, but also through the establishment of labor for a purpose of promoting the circulation of currency (Achebe 150). Instead of allowing the persistence of a polytheistic, down-to-earth, and culturally rich aesthetic of humankind, the white man’s triumph ceases the potential of both respected and appreciativeRead MoreImapct of Colonialism on Africa889 Words   |  4 Pagessome conspiracy or intended act that has obscured the will of Africa or maybe it s a view of a time gone by and will pass like all times do. Africa will come into its own as the continent of major commodities, wealth and cultural brilliance. Africa will blossom as its political ship is corrected and steered toward harmony rather than despotism. â€Å"Accidental Empires - NYTimes.com.† Achebe, Chinua. Things Fall Apart: A Novel. 1994th ed. Anchor, 1994. Print.    â€Å"Africa from Colonialism to Cold War:

Manipulation in Macbeth Free Essays

Mac-nipulation In William Shakespeare’s play â€Å"Macbeth†, manipulation is a very effective device. The main character Macbeth is a puppet controlled by the words coming from the three witches and Lady Macbeth. The four troublemakers provide Macbeth with the motivation and confidence he needs to kill Duncan and perform other dark actions. We will write a custom essay sample on Manipulation in Macbeth or any similar topic only for you Order Now Macbeth is very ambitious; there’s no doubt about this. However, there is no sign of him changing from a loyal man to a power hungry man. That is until outside influences begin to interfere with his life. The people with the greatest impact on Macbeth are his wife, Lady Macbeth and the witches. However, he then learns to manipulate others himself. In the end, all the treachery is revealed and he realizes that he has been a pawn in this whole scheme of achieving absolute power. Lady Macbeth manipulates her husband on two occasions. â€Å"Glamis thou art, and Cawdor, and shalt be, what thou art promised: yet do I fear thy nature; it is too full o’ the milk of human kindness, to catch the nearest way: thou woulds’t be great:† (I, v). First she flatters Macbeth and soothes his early fears of committing these dreadful acts. During the party she uses her most powerful persuasion, as she begins to question Macbeth’s honor and manhood by saying that he is less of a man if he fails in killing Duncan. Macbeth feels so much shame that he’s convinced that it is right for him to take action. If it weren’t for Lady Macbeth’s harassment, Macbeth would have never gone down this awful road that has an inevitable dead-end. However, the witches are at the roots of all this manipulation. The witches are the first to raise the possibility of Kingship and persuade Macbeth to act on it. â€Å"All hail Macbeth; hail to thee, Thane of Cawdor! All hail Macbeth; hail to thee, Thane of Glamis! All hail Macbeth; thou shat be King hereafter. †(I, iii) The witches are polite towards Macbeth. They all hail to him, showing respect and flattery. They then offer him a truth, that he is the Thane of Cawdor. When the witches tell Macbeth of the two other prophecies he begins to think to himself of the possibilities of actually becoming King of Scotland. He wonders why the witches said that the prophecies were bad when they are such good news. Once again the witches offer half-truths to Macbeth and he is easily persuaded that he’s invincible and almighty. Be Bloody, bold, and resolute; laugh to scorn/ the power of man, for none of woman born/ shall harm Macbeth. † (IV, i). Macbeth believes that he is unconquerable because of the visions from the witches. The manipulation of the bloody Child gave Macbeth a false sense of security. Macbeth thinks that there is no person that has not been born of a woman, which is what makes him think he is even more unbeatable. This is the second and last time that Macbeth hears from the witches. Just like the first time, he reacts on impulse to them and winds up being murdered by Macduff, who was born from a cesarean section. Macbeth’s first attempt at manipulation was unsuccessful. â€Å"If you shall cleave to my consent, when ‘tis/ it shall make honor for you. † (II, i). Macbeth is trying to get Banquo to join him because he suspects Banquo may know about the murder of Duncan. Banquo is decent and doesn’t trust the witches’ prophecies so he chooses not to join Macbeth. Banquo shows his courage by standing up to Macbeth and doing what is right, not what is easy. Because Macbeth has failed to manipulate Banquo he decides to have him killed by two henchmen. In addition, he tells them to kill Banquo’s son, Fleance because the witches manipulated Macbeth into believing that Banquo’s sons were the next in line to be king. Therefore, he also becomes just as much as a threat to Macbeth as Banquo is to him. Secondly, Macbeth attempts to appeal to the murderer’s sense of honor in the hopes of trying to get them to side with him. â€Å"Do you find your patience so predominant in your nature, that you can let this go? Are you so gospell’d, to pray for this good man and his issue, whose heavy hand hath bow’d you to the grave and beggar’d yours forever? † (III, i). Macbeth explains to the murderers that it has been Banquo that has betrayed them all along and he convinces them that Banquo is the true enemy. Here Macbeth uses the same tactics his wife used on him and he is successful in manipulating the murderer’s to go out and commit this murder for him. Macbeth is offering truth and lies to the murderers, as the witches did to manipulate him into killing Duncan. Although Macbeth does succumb to his wife and the witches’ persuasive methods, he becomes as good at manipulation as they do, maybe even better. However, in the end, manipulation is shown to be, no more than falseness and deception. Jakob Jubert How to cite Manipulation in Macbeth, Essay examples