SHEPPARD’S
Accounting game 1:
Deyonne’s assets: 1. 400 sheep 2. 20 acres of land 3. A one-room cabin 4. A plow 5. Two carts 6. An ox
Deyonne’s liabilities and deduction of assets: 1. 35 sheep 2. 3 sheep
Due to the information, 20 acres of land equal 80 sheep according to the exchange rate of last year, a one-room cabin equal 3 acres of land and equal 12 sheep finally, a plow equals 2 goat and equal 2/3 sheep according to last year’s exchange rate and 2 carts which were traded with a poor acre of land equals 8 sheep plus 400 sheep. So Deyonne’s total assets are 500(2/3) sheep. Deyonne’s liabilities and assets deduction are 35 sheep plus 3 sheep, which will come to 38 sheep,
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Therefore, Batonne is wealthier. Accounting game2: Deyonne’s income of current year: 80 sheep Deyonne’s loss of current year: 1 ox (equals 5 sheep) Batonne’s income of current year: 1. 20 sheep 2. 40 sheep (which were traded for 10 acres of land) 3. 5 coats (which worth 25 goats and equal 8(1/3) sheep finally) Explanations: 1. Because it is the comparison of income, the loss of Deyonne cannot be deducted from the total amount of his income. 2. Batonne traded 40 sheep for 10 acres of additional land, but the sheep derived from his income. So the 40 sheep should also be counted as his income. 3. Batonne’s wife received 25 goats due to order of sailing, which should be regarded as part of income. But the other order, which has not been realized, cannot be regarded as income. 4. As for the 18 sheep that Batonne traded for food and clothing items and 7 sheep that Deyonne did similarly, they were part of their original property. So they cannot be regarded as income. Consequently, according to the information, Deyonne’s income of last year was 80 sheep, while Batonne’s income was that 20 sheep plus 40 sheep that were traded for 10 additional land and 5 coats equaling 8(1/3) sheep. Therefore, Deyonne’s income of 80 sheep was versus Batonne’s income of 68(1/3) sheep. Deyonne’s income was greater for the past
farmers who had a difficulty making a living off of the crop because of the work that
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If some research is undertaken that provides evidence that capital markets do not always behave in accordance with the Efficient Market Hypothesis, does this invalidate research that adopts an assumption that capital markets are efficient?
These types of arrangements were quite common at this time between sharecroppers and their landlords. The sharecroppers had little to no money, so the landlords would charge them for items, or take an extra percentage of their crops.
• They worked 4-7 years to pay off landowner for their passage to America. Once debt was paid they received clothes, tools, livestock, crops, and possibly some land. Most did not receive any of this because they died.
A legally binding promise must also always be supported by consideration, a prerequisite defined as “the exchange of promises from each party- from the promisor to the promisee”. There is uncertainty in whether the consideration offered in this situation is sufficient or not. Moral obligations regarding “natural love and affection” are not deemed to be sufficient consideration unless there is a legal obligation involved. Whether Billy’s initial decision to work on the farm creates a sufficient enough legal obligation for
Equestrians Member was based on property qualification of 400 000 sesterces. Their wealth was gained through public office, trade and
their farms going while they were away, but when they got back they were forced to paid money.
across so they began using rice, wheat, soybeans, chickens, and other fowl to pay for
For example, “...many white fur traders immigrated west to earn their living as fur traders (Lambert, 146).” Fur clothing was in high demand and a large profit could be made. Another example is, “It also established a profitable economic base and fostered permanent settlements in the Oregon Country” As can be seen, both fur trapping and fur trading were profitable ventures. A final example is, “...increased European and American presence in the Oregon Country…(Lambert, 163).” Both Americans and Europeans immigrated to the Oregon Country to cash in on the fur trading business. However, the fur trading business was profitable for both individuals and large scale
Waged labour was essential to those fourteen capitalist farmers (listed in Table 4) whose holdings clearly exceeded this threshold. They farmed 3465 acres in aggregate (an average holding of almost 250 acres).
According to the fact of this case, Parent Co. (Parent) wholly owns Poor Son Co. (Poor Son) as a legal subsidiary, and both of them all nonpublic companies. However, in January 2007 Poor Son filed a voluntary bankruptcy under Chapter 11 of the U.S. bankruptcy code because of its inability of meet obligations as they became due. Then, Parent claimed the loss of control of Poor Son and deconsolidated Poor Son from its financial statement. Through the bidding process in May 2009, Poor Son and OtherCo, the winning sponsor, filed a joint plan of reorganization to the bankruptcy court, but the plan was rescinded by OtherCo later due to significant market value shrink of Poor Son. After that, the
Thus for the effort of killing a wolf, a settler could, with the reward money buy one young cow or quite a few tools.
At the end of his adventures in ADA Phuong had decided to purchase a new Standard Diesel Delivery Van. Phuong conservatively estimates the delivery van should provide him benefits for at least the next 5 years at which time he should be able to receive a trade in of $2,000 on an upgraded van. As noted in topic 1 the delivery van was purchased on June 25. The relevant entry Phuong made was June 25 Delivery Van GST Outlays Cash 22,000 2,200 24,200
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