Minimum Wage And Reduce Poverty - 1864 Words

Courtney Hilts American Government Chippewa Valley Technical College 10/01/15 Minimum Wage in America Should the federal government raise the minimum wage to reduce poverty, ensure proper pay, and protect younger generations and minorities? That is a common question discussed in recent years. In 1938 during the Great Depression, President Franklin Roosevelt signed a law creating a federal minimum wage. The federal minimum wage is important to Americans and the government because it keeps workers out of poverty and helps increase consumer purchasing power which in turn stimulates the economy. The current federal minimum wage is $7.25 per hour, although certain states have higher minimum wages. (Raise the Minimum Wage) One advantage of raising the minimum wage is the economic stimulus which can lead to an increase in job opportunities. If minimum wage workers can spend more, then businesses can earn more and therefore will need to hire more employees to keep up with the rise in business. Another advantage is the reduced expense for social programs. Many of the people earning the minimum wage are also those relying on the support of government run social programs. With higher wages, many people would be able to support themselves without heavily relying on social programs, which would lead to lower taxes or a reallocation of the funds to support other needs. Many employees who are comfortable and satisfied with their wages are less likely to quit, so an increase in minimumShow MoreRelatedThe Minimum Wage Should Not Reduce Poverty1214 Words   |  5 PagesMillions of Americans live in poverty, unable to find high paying jobs to support themselves and their families. Common belief persists that paying a higher minimum wage would aid in lifting people out of poverty by giving those with low paying jobs a higher income, however the evidence suggests otherwise. As the 2016 race for the White House heats up, the minimum wage battle stands at the forefront of every economic discussion. The rhetoric between candidates within and across party lin es intensifiesRead MoreRaising The Minimum Wage Will Reduce Poverty Essay734 Words   |  3 PagesFurman, Jason, and Sharon Parrot. Raising the Minimum Wage Will Reduce Poverty. Poverty. Ed. Viqi Wagner. Detroit: Greenhaven Press, 2007. Opposing Viewpoints. Rpt. from A $7.25 Minimum Wage Would Be a Useful Step in Helping Working Families Escape Poverty. www.cbpp.org. 2007. Opposing Viewpoints in Context. Web. 9 Nov. 2015 Jason Furman and Parrot Sharon explain why raising minimum wage will help families. The wage has to be elevated to just the point where a family can actually afford allRead MoreShould The Minimum Wage Be Reduce Poverty?1807 Words   |  8 Pages abandoning their jobs, and demanding a minimum wage of fifteen dollars per hour. On the surface, pushing the minimum wage up from $7.70 per hour seems the obvious solution, but is a mere Band-Aid on a deep wound. Creating more job opportunities, expanding business productivity, and most importantly, increasing the education and the skill level of workers will end poverty and boost prosperity. Fundamentally, the government should not raise the minimum wage for workers due to the associated loss ofRead MoreMinimum Wage Should Be Raised?958 Words   |  4 PagesMinimum Wage Louis Montgomery III English Composition 101 Mrs. Blackwell April 23, 2015 Minimum Wage Do minimum wage jobs help pay the bills? Do minimum wage jobs support the family? Should minimum wage be raised? Will raising the minimum wage reduce poverty? The idea of minimum wage jobs is to help people get work experience without having any skills. Most minimum wage jobs include fast food restaurants and grocery stores. Minimum wageRead MoreEffect Of Raising Minimum Wage1215 Words   |  5 PagesEffects of Raising Minimum Wage The minimum wage in this country has been a controversial issue. Many people believe it will help reduce poverty and boost the economy. However, they are not looking at the downfalls this will bring to our country. This could make the unemployment population rise, it will raise prices of other things, and would have little effect on reducing poverty. Raising the minimum wage would have a negative influence on our country. This movement throughout our countryRead MoreEffect Of Raising Minimum Wage1215 Words   |  5 PagesEffects of Raising Minimum Wage The minimum wage in this country has been a controversial issue. Many people believe it will help reduce poverty and boost the economy. However, they are not looking at the downfalls this will bring to our country. This could make the unemployment population rise, it will raise prices of other things, and would have little effect on reducing poverty. Raising the minimum wage would have a negative influence on our country. This movement throughout our country is beingRead MoreThe Minimum Wage Act Of 20071607 Words   |  7 Pages Introduction In 1938, the first national minimum wage laws in the United States were passed as part of the Fair Labor Standards Act, which served as â€Å"a floor below wages,† to reduce poverty and to ensure that economic growth is shared across the workforce. Today, many people who work for companies that pay at or near the minimum wage and remain near or below the poverty level rely on government health and food security and income programs to supplement theirRead MoreThe Minimum Wage Should Not Be Raised1187 Words   |  5 PagesMillions of Americans live in poverty unable to find high paying jobs to support themselves and their families. A common belief is that paying a higher minimum wage would help lift people out of poverty by giving those with low paying jobs a higher income, however the evidence suggests otherwise. The 2016 race to the White House heating up, the minimum wage battle is at the forefront of every economic discussion. The rhetoric between candidates within and acro ss party lines is intensifying. ManyRead MoreThe Minimum Wage Debate1637 Words   |  7 PagesThe minimum wage debate brings about a range of reactions from different people. There are those who believe that there shouldn’t even be a minimum wage and that wages should be determined by the markets. On the other hand, we have those who vigorously argue for increasing the wage minimum citing inflation, the poverty line and worker productivity. Regardless, we do have a federal minimum wage rate in the United States at $7.25 per hour, with some states having a higher minimum wage than the federalRead MoreMinimum Wage Should Be Raised For A Better Standard Of Living1636 Words   |  7 PagesVamsi Sanagala Hannah Manshel Dec 15 2014 English 1 Minimum Wage Almost 3.3 out of 76 million workers in the US receive minimum wage (Source: BLS reports). Activists for raising the minimum wage claim that the federal minimum wage of $7.25 is the reason they are living in poverty, and that the wage must be raised for a better standard of living. Many people who take on minimum wage jobs are young and work in companies that don’t carry much prestige; however, they still

The Public And Political Space Essay - 1514 Words

though I would have preferred to get some ‘native’ perspective on the reasoning behind the controversy, I was unable to not find any academic sources in English or was unable to access them. This could be important since foreign academic can miss an integral part in the analysis whilst an author from Malaysia can add perspective of what happened on the ground. For instance, while reading Malaysian newspaper resources, an article cited how Herald has had previous clashes with the government about the screening of the film Passion of the Christ. This raises question on the newspaper’s relation with the government and if it was targeted for such reasons. 15Yet none of the academic sources explore this. Due to my inability to access and understand Malay sources I cannot pursue an answer. Yet to compensate, the existing literature that are presented in this literature review, draw on a variety of approaches to explain the puzzle. This provides the reader with a better understanding and insights of the public and political space in the course of the seven years. Nevertheless, I think there are two main conceptual gaps and limitation that are found in the three groups presented in the literature review. The first is how some authors assumed that a number of Malaysian organizations and institutions have had an unbiased and continuous stance and only outside pressures were in play. This assumption is unsupported since some of the reading referenced the overall growing number of moreShow MoreRelatedChanging Social And Political Space Of Women Essay1649 Words   |  7 Pages 1 HAIFA ZUBAIR Changing Social and Political Space of Women: Special Reference to Women in Muslim Community of North Kerala Mphil Application: RESEARCH PROPOSAL INTRODUCTION Statistical index shows that the women of Kerala are distinct from that of other states in their outstanding gains in the fields of education and health. This is the one of the few states where mass literacy has been achieved for both men and women even across the different religious communities. Adult Literacy rate in 2011Read MoreIn The Paradise Of Bachelors And The Tartarus Of Maids,1662 Words   |  7 PagesMelville subtly criticizes women in the working or public space, while positively depicting men in a domestic space. Melville’s contrast of the paradise of bachelors and the Tartarus of maids, clearly demonstrates how men were perfectly allowed and able to exist in both spaces without degrading their reputation, questioning their manhood and without consequence made both spaces their own. This is not true for women who step outside the domestic space. Women who crossed the threshold were accused ofRead MoreCosts and Benefits of Humans and Space Technologies, Exploration and Innovation1618 Words   |  7 PagesStates has explored space since as early as 1946 with various space technologies (Van Allen). Space technology has enabled the U.S. to explore the universe and discover much beyond planet Earth. Although we have made many successful launches to space several times, there are trade-offs assumed from utilizing space technology that was beneficial and quite costly. It is in our best interest that we continue to enhance our space technologies and continue our presence in outer space to uphold our leadershipRead MoreThe Public And Private Sphere1387 Words   |  6 PagesThe understanding of the public and private spheres has been part of a number of debates in different areas of academia, particularly in political theory and international relations. The concept of civil society emerges from this debate in an attempt to understan d the formations of people outside of the private sphere. In this sense, I want to explore the development and expansion of this concept. In order to do that, I will explore the contributions of Jà ¼rgen Habermas and Nancy Fraser to the conceptualizationRead MoreHow Architecture Defines The Nature Of A Public Spaces1440 Words   |  6 PagesPublic spaces are social spaces where social phenomena happens, different activities leading to different social relations and interactions. Spaces with own rhythms of use and regulations that one can discover or rediscover in different cultural context.10 steven To understand how architecture can activate public spaces through play to make social spaces, spaces for public life, this paper first investigates how architecture defines the nature of a public spaces with the possibility of engaging publicRead MorePublic Space And Why Is It Important?1466 Words   |  6 PagesWhat is public space and why is it important? Public space is the physical landscape of the public realm that fosters social interaction and communal life in a city. A city is a combination of public and private spaces that are are defined by each other and have overlapping economic, social, cultural and political dimensions. Public space, as a term and as a concept in design, is ambiguous. What constitutes a public space, what role it plays, and how design should approach and deal with it is aRead MoreThe Space Race 792 Words   |  3 Pagesambition to explore past the realms of his being. The space race marked the first time homo sapiens were able to escape and extend their biosphere. This age is filled with technological advancement. The space race gave the ability for a new age of technological advancements to occur. Almost every technological device that is produced or owned by people in the 21st century world contains technology that was invented or derived from the space race. Technology is the product of modernization andRead MoreThe Modern Age Presents Multiple Channels For Action, Dialogue And Discussion1618 Words   |  7 PagesFurthermore, social and political thought suggests that spaces of remembrance encourage understanding, thought and reflection. Thus, it is thought that memory ho lds vast opportunities to mend the of frailty of human affairs. Good deeds, when reified into memories can be held up to be replicated, or possibly surpassed in the future. Yet the process of memorialisation is often contested, for the formation of memory can only occur in retrospect – on behalf of someone or something. Public commemoration isRead MoreGlobalization And Its Impact On Society Essay1550 Words   |  7 PagesGlobalization defines practically all facets of modern life. The jobs available to the public, the cultures people embody/emulate, the relationships individuals engage in, are all continuously altered by the profound forces of the globalizing process. Capital, people, images, commodities and ideology transcend national borders, and information races around the globe at accelerating speeds (Inda 4). The theme of globalization has emerged generating considerable amounts of controversy in its wake,Read MorePublic Sphere As A Place Open899 Words   |  4 Pages define a public sphere as a place open to all people, where important topics can be discussed, opinions can be heard, and organization of action can take place. Over the last several years the social media phenomenon has led to expansion of the public sphere, with Twitter and Facebook becoming key components of the contemporary public sphere. These expansions of the public sphere still have several advantages but due to barriers, algorithms, and government intervention, the social media public sphere

Nomination Essay Free Essays

â€Å"Educators exist to perpetuate cultures and the human species; to teach young people the qualities they need to perpetuate culture and the human species. To do that, you have to fight apathy, greed and irresponsibility.† This is what Virginia L. We will write a custom essay sample on Nomination Essay or any similar topic only for you Order Now Nikolich firmly believes, and as a teacher, she sees to it that this belief is handed down to her students. Teacher Ginny, as what most of her students call her, is not just an average teacher. She is a devoted instructor that deals with special education, teaching not only the normal K-12 students but also children who have a variety of disabilities. This means that as a Special Education teacher, she must be able to oversee these students’ behavioral, social, and academic development. Being a special education teacher may be considered as a hard and challenging task for most of the people, but that is not all for Teacher Ginny. She does not only teach special children, but she also teaches normal boys and girls. But again, for teacher Ginny, it’s still not all. She teaches both special and special children at the same time, same place, and with the same lessons. As a devoted agent of knowledge, she did not back away from teaching these children at the same time. She is co-teaching with another instructor on the subject of Biology. As Special educators, they are expected to design and teach the appropriate curricula for their students. They have to tailor all the works and activities in response for their needs and disabilities, like state and federal standards, grading and paperwork standards, as well as the monitoring of the student’s performance. It is her task to create Individualized Education plan for the special students which serves as her teaching guide. But what makes Virginia L. Nikolich from other teachers in her field of specialty? According to teacher Ginny her personality and professional life are the products of her education. She considers teaching as another learning process, which is why she chose to be in that profession for most of her life. She learned to blend in the day-to-day lessons which she gets from teaching. She continued to grow, not only as a teacher but also as a learner. She learned to blend the subject matter which Biology, to special education, and even computer degrees education. As she continues to teach, the more she learns about the things around her. She wishes to share everything she learned with everyone she teaches. As a small influence, she dreams of having big effects to different people in the feature. One of the aspects in her life, teacher Ginny values the support that her family has never failed to support her in everything she does. The value of the family is a good aspect to start with, and that it is probably the most influential for teacher Ginny. With her family background and experience, she became diligent, persistent, and conscientious flexible, compassionate and kind: the traits which her students greatly valued and appreciated. As a professional educator, Virginia L. Nikolich followed all the rules and has improvised in some, depending on the needs of the student. Teacher Ginny, as most know her, is definitely one of the best teachers in her field. How to cite Nomination Essay, Essay examples

Key Managerial Financial Accounting Skills -Myassignmenthelp.Com

Question: Discuss About The Key Managerial Financial Accounting Skills? Answer: Introducation The intention of the paper was to centre on impairment and supposition criteria implemented with respect to Incitec Pivot Limited for carrying out impairment tests based on assets. The paper has an objective of assorting process of impairment testing as well as related subjectivity in the procedure. In order to elucidate such processes, the annual report of the organization over the year end 30th June, 2015 was considered as this did not offer the annual report over a predefined period. Incitec Pivot Limited is associated with production and distribution of industrial explosives, fertilizers and industrial chemicals along with provision of associated services. The organization has its business segments in America, Asia Pacific and Corporate. The company produces ammonium phosphates and is a distributor of produced fertilized goods to wholesalers within Australia and the export market (Incitecpivot 2018). In addition, an asset is regarded as impaired if it has lesser market value in contrast to the carrying value. The assets which are referred to be impaired are tangible and this encompasses property, plant and equipment and goodwill which serve as an intangible asset. Once adjustments are conducted with impaired asset relied on carrying amount, loss is recorded in the income statement of the organization. At the time impairment is written off, these assets might have lesser carrying cost for some adjustments are recorded to be loss that might lead to reduced asset value (Hoskin, Fizzell and Cherry 2014). In alignment with Incitec Pivot Limited Companys annual report for the year 2015, the impairment testing for certain classes of assets is conducted. Goodwill and the intangible assets was not amortized devoid of the fact that these are evaluated in situations or instances which signifies that impairment of assets can be conducted in a situation where financial statements are examined in annual reports with costs deducted from impaired accumulated loss (Beatty and Liao 2014). These assets encompass plant, equipment and property as well as trade receivables which experiences impairment testing in case where there is an indication on carrying amount of assets which cannot be recovered. Incitec Pivot Limited implemented a two-step process in testing impairment. The initial step greatly centered on fair value that is related with reporting unit as well as carrying value that encompass the goodwill. In a case in which an operating units carrying value is high in comparison to fair value, the second step is related with conducting impairment test for entertaining existence of impairment loss amount (Cortesi et al. 2015). This second step is associated with implied fair value associated with reporting unit in consideration to carrying amount of units. In a condition where there is a decrease in implied fair value in contrast to carrying amount, some impairment charge existed in the amount linked with such excess. Moreover, this realized loss cannot be more than carrying amount of the assets. The organization took into consideration the below mentioned impairment expenses over the period ended on 30th June, 2015. Intangible assets as well as goodwill: With the passing years, the organization presented a total impairment of $61,223,000 ($116,207,000 - $54984000), from which $20,033,000 was mentioned to be software charges, $23,461,000 was mentioned for the consumer contracts and $6,829,000 is the record made in contrast to IRU in a situation where brands and goodwill is not associated with impairment (Hemmer and Labro 2016). Trade receivables: For the year 2015, the company focused on impairment loss allowance recording of around $17,487,000 in 2015 that happened to be $18,740,000 in 2014. Incitec Pivot Limited is involved in developing certain estimations and suppositions for the company was concerned for the upcoming years. The results from accounting estimations by definition can be recognized based on linked related results. Some anticipations and suppositions leads to emergence of risks which might lead to misstatements of material in carrying value of assets in the upcoming financial year (Horton 2018). This is elucidated through the accounts notes within which such type of opinions are needed. With the continuity of constant poor condition and market performance, evaluation based on recoverable amount focused on intangible assets and goodwill for cash generating units is carried out with calculations on vale in use. Additionally, such computations enable cash flow estimations through relying on financial forecast that is prepared by the management over the past five years. For calculations on value for use, some estimation is taken into account: Discount rates Growth rates by employing extrapolate cash flows rather than the forecasted period EBITDA/ Sales margin In adherence to IAS 36 Impairment of Assets, it is observed that this particular IFRS standard needs some subjective analysis based on which it can be implemented as per the requirements of the management. Additionally, this did not support restriction of creative accounting (Hoskin, Fizzell and Cherry 2014). This has been found out that the annual report of Incitec Pivot Limited which has significant subjectivity related with management time case conducted the process of impairment test. This is because of the reason that an organizations management might be used while initiating opportunistic goodwill impairment test. This can be supported through goodwill allocation within all cash generating units with the calculation of recoverable amount in a situation where there is no active goodwill prices associated with discretion subject. With an elaborated evaluation it is considered that some complex or confessing factor associated with impairment is linked with indication of impairment. Other than this situation indications rely on internal along with external considerations in account for asset impairment, continuity of implementing (Hoskin, Fizzell and Cherry 2014). In such case, these tests for goodwill and the tangible assets is deemed to rely in managements discretion. For such factors there is an increased opportunity for the management to conduct an opportunistic test in a situation where there are variations in value. This was gathered that impairment loss serves as a difference between recoverable amounts of specific assets along with carrying amount of these assets. The recoverable asset is observed to remain increased among fair value asset disposal cost and value in use (Weygandt, Kimmel and Kieso 2015). Fair value is elaborated through taking an instance of asset in active market or sales agreement in which trading of asset is carried out. Moreover, existence of vital information within an organization through disclosure of amount can experience asset sales. On the contrary, the value in use can be recognised as upcoming cash flows present value which is observed to be attained from asset or CGU in adherence to IAS 36. IFRS 13 accounting standard, fair value is elucidated through the points mentioned under: In active market, there exist asset value within asset trading which is conducted Sales agreement Presence of effective information for disclosure of amount within which organizations can support the asset sales. For such reasons, fair value can be denoted as selling price which is considered from the part of the seller along with acquirer by making sure that every party is associated with the free transactions. Numerous investments achieved fair value that is ensured from the part of the market in which security trading is accomplished. Moreover, fair value elucidates a businesss assets and liabilities value in comparison to financial statements of a subsidiary firm which is consolidated with a big organization (Weygandt, Kimmel and Kieso 2015). For instance, in a situation where there is an organizations stock trading in the exchange, all the market players provides a bid by asking price of the same share. In this scenario, the investors carry out stock selling to the market leader in a bidding price along with attaining shares from the market players at an ask price. In account of this, it can be inferred that exchange might serve as a dependable technique of ensuring shares fair value con sideration. Approximately 50% of business firms those consider using IFRS or US GAAP gets affected because of certain changes in accounting. Based on such status, the businesses aligning with IFRS or US GAAP standards attain leased commitments along with $2.3 million assets based on which 85% are positioned in annual report (Macve 2015). They are also deemed as a part of operating lease. For paying compensation on this, the investors basically consider that evaluation is inconsistent, incomparable and inaccurate. In account for this, it has been revealed that the past standards of accounting failed to explain economic reality. Majority of businesses took into consideration all prior accounting standard and specified that 85% of leases amount to the operating leases. Conversely, it also did not represent the aspects those are explained within the financial statement position. In case the operating leases are not recorded within the companys financial statement there will be drastic generation of real liabilities (Weygandt, Kimmel and Kieso 2015). Due to such fact, at the time financial crisis took place most of the renowned retail businesses experienced heavy loss for they were not capable to address new economic reality in a better way. In addition, these businesses have a good fraction of commitments focussing on areas of long term operating leases as well as having lean annual reports. For this reason, the companies lease liabilities in off balance sheet arrangements is depicted to be higher than 66 times in contrast to debt values in the balance sheet statement. Previous accounting process which takes into account lease can lead to loss of comparability. The industry has observed most of its leases to be a fraction of operating lease and this record is not sustained in the annual report of the firm. Conversely, the firm linked with leasing is not observed to be identical for its business rivals having some financial obligations in two kings of these companies are not similar (Weygandt, Kimmel and Kieso 2015). Such situation denotes that there is an increased deficiency of level playing field in such organizations. After commencement of a new standard, every lease can be mentioned in the form of asset and these leases can function as a liability factor. However, it is estimated that dealing with such concerns is achievable. Some variations in accounting standard are deemed to have a drastic effect on most of the listed organizations and these are well established in all the organizations. The reason behind this is that some variations might cause numerous controversies. Moreover, this can result in warning effects along with negative economic effects as well as expenses related with alterations in the system. Additionally, some changes might pose drastic commercial purposes effects (Kim and Schmidgall 2017). For example, alterations in banking covenants in addition to contractual agreements associated with annual report of a business that encompasses profit targets in the direction of arranging bonus payment to staff. Gearing ration might be necessary for achieving revisions before the initiation of a new standard. However, every department in the firm needs achieving an opinion concerning changes effect. This takes into account human resource, finance, and information technology and investor relations department having asset procurement. These considerations might result in popularity ad they are deemed as aspects causing adverse impact on new accounting standards reputation. In alignment with innovative standard of accounting, this has been explained that most of the businesses are deemed as operating leases and as a fraction of the companys off balance sheet. Due to the same, users of financial statement and investors might not achieve a better viewpoint on financial situation of the business (Kahng 2015). This does not enable them to differentiate between leasing of the business assets along with purchasing assets of the business. Moreover, such new standard is focussed on developing IFRS 16 and it is also forecasted that this can result offering of expenses. In addition, it can result in increasingly well-versed decisions related with investment. It can be signified that the leases that do not consider purchase decisions in a better way can be a part of the management. References Beatty, A. and Liao, S., 2014. Financial accounting in the banking industry: A review of the empirical literature.Journal of Accounting and Economics,58(2), pp.339-383. Cortesi, A., Tettamanzi, P., Scaccabarozzi, U., Spertini, I. and Castoldi, S., 2015.Advanced Financial Accounting: Financial Statement AnalysisAccounting IssuesGroup Accounts. EGEA spa. Hemmer, T. and Labro, E., 2016. Productions and Operations Management Management Accounting. Horton, J., 2018.Advanced Financial Accounting and Reporting: Theory, Practice and Evidence. Routledge. Hoskin, R.E., Fizzell, M.R. and Cherry, D.C., 2014.Financial Accounting: a user perspective. Wiley Global Education. Incitecpivot, 2018. [online] Available at: https://www.incitecpivot.com.au/~/media/Files/IPL/Sustainability/2016%20Sustainability%20Report/IPL_2016_Annual%20Report.pdf [Accessed 23 Jan. 2018]. Kahng, L., 2015. Perspectives on the Relationship between Tax and Financial Accounting. Kim, M. and Schmidgall, R.S., 2017. Key managerial and financial accounting skills for private club managers: Comparison to lodging managers.International Journal of Hospitality Tourism Administration, pp.1-21. Macve, R., 2015.A Conceptual Framework for Financial Accounting and Reporting: Vision, Tool, Or Threat?. Routledge. Weygandt, J.J., Kimmel, P.D. and Kieso, D.E., 2015.Financial Managerial Accounting. John Wiley Sons.