Rough Waters Essay

Be Our Guest’s balance sheet shows good signs of liquidity. Current Ratios for the past four years have remained above 1 proving that the company can handle its current liabilities. The current ratios are not extremely high (19941.27, 1995- 2.17, 1996- 1.15 and 1997- 1.16), but they can cover the current liabilities. It is important to note that the company is operating on a thin line because the current assets are barely covering the current liabilities. This is particularly unpleasant because we are dealing with a company operating in a seasonal business. It is a concern that the current ratio slightly eroded after 1995, and this is primarily due to Be Our Guest converting the bank line into long term debt in

As discussed above, if indicators of impairment exist for an asset (group) to be held and used, an entity determines whether the sum of the estimated undiscounted future cash flows attributable to the asset (group) in question is less than its carrying amount. If those undiscounted cash flows are less than

Section 360-10-35-17 of the Code states that an impairment loss shall be recognized if the carrying value of a fixed asset is not recoverable and exceeds its fair value. The carrying value of the fixed asset is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and disposal of the asset. An impairment loss shall be measured by the amount by which the carrying value exceeds the fair value.

ASC 360-10-35-17 provides that, “[a]n impairment loss shall be recognized only if the carrying amount of a long-lived asset (asset group) is not recoverable and exceeds its fair value. The carrying amount of a long-lived asset (asset group) is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset (asset group). That assessment shall be based on the carrying amount of the asset … An impairment loss shall be measured as the amount by which the carrying amount of a long-lived asset (asset group) exceeds its fair value.”

Topic:'Terry says to Charley, "I coulda been a contender. I coulda been somebody instead of a bum. Which is what I am". Does the film support Terry's judgement of himself?

Impairment Loss is the difference between book value and the recoverable cost (the higher of the asset’s value-in-use and fair value less costs

The key to the relationship between politics, commerce, and the media is that they are all linked through violence. Violence is how to ensure the audience will pay attention and support films. It also plays a significant role in how some businesses, both legitimate and illegitimate, running smoothly. Just the threat of violence can create compliance, further launching individuals and groups to success. Politics thrive on violence, usually through trying to stop it from creating corruption within society.

* ASC 320-10-35-33: “An other-than-temporary impairment shall be considered to have occurred if the entity intends to sell the securities at a loss shortly after the balance sheet date.”

Ever since Sea World opened it’s gates in 1959 it has been mistreating aquatic sea life and endangering employees. In the next few months there should be a petition emailed to everyone who is subscribed to any wildlife protection groups encouraging everyone to voice their concern. As of today there are a large number of citizens of the United States and several other countries spreading the word of the awful conduct of Sea World and their mistreatment of endangered wildlife.

This project is ranked second as the possibility of investing in the speedboat with no guarantee of success can lead to massive losses. The possibility of the raceboat being a failure can result in bad publicity for Merbatty.

Their audience of future travelers will remember hearing about the problems on board the Splendor. If they do not believe the ships are safe, and kept in good condition, they will choose a different cruise line, or type of vacation. The travel and vacation industry reflect big money in our personal spending budgets. “A recent Nielsen Global Confidence Survey found that after providing for savings and living expenses, the number one global spending priority is for vacations” (O’Rourke, 2013,

After determining that an investment is impaired, Step 2 requires an entity to evaluate whether the impairment is temporary or other-than-temporary. The process for evaluating impairment is different for equity securities versus debt securities. With regards to equity securities and according to ASC 320-10-35-33, if entity intends to

This improvement is due to a reduction in long-term debts and due to an increase in shareholders’ funds. This is a good result since debt repayments need to be performed under all circumstances, unlike other liabilities namely accounts payable, which can be negotiated and deferred. If debt repayments are not performed according to a specific timetable, the company risks being forced into bankruptcy or debtors may impose covenants. With a low degree of leverage, Carnival should have fewer problems in tough times, like during a recession, and lower risk of being forced to declare bankruptcy.

The cruise-line industry has changed drastically over the past several years. What was once thought of as a luxury to most people, is now affordable and convenient. The industry now focuses on targeting the working middle class, as well as the upper class. One cruise-line in particular, Carnival, has mastered the informal cruise for the mass market. Carnival offers numerous cruises that are inexpensive and exciting. Nevertheless, Carnival operates internationally with shipyards and ports all over the world. Being an international business, Carnival is affected by many global forces, both controllable and uncontrollable. In order to maintain the corporation’s success, Carnival must be aware of all global forces while

of neither intangible nor tangible assets due to a lack of information and thus assume a