Accounting Equation Paper Essay Example for Free

Accounting Equation Paper Essay ? The basic accounting equation is: Assets = Liabilities + Stockholders’ Equity. When looking at the balance sheet one can assume that assets must balance out each transaction and balance the claims to the assets (Kimmel, 2010). A balance sheet provides Assets of the company first and foremost, then Liabilities and Stockholders’ Equity and last retained earnings. This shows the companies incoming money, outgoing payments, and the money left or retained at the end of each time period being documented on the balance sheet. The components of the accounting equation affect each other in many ways. For example, when cash assets are received the company is making profit only as long as it is making more revenue than the liabilities owed. So, when using the Sierra Corporation on pg. 14 from the text the company has to pay the Liabilities: Notes payable, Accounts payable, Salaries payable, Unearned Service revenue, and Interest prior to ever turning a profit above the black. When looking at a balance sheet one needs to know all incoming as well as outgoing money to determine profitability and sustainability of a corporation. Next, when looking at a balance sheet the liabilities + the stockholder’s Equity have to ALWAYS balance out to amount of assets to ensure all things are accounted for and there are no accounting errors. When done properly the balance sheet can be used to verify the company’s revenue and the financial stability of a company based upon debt to stockholders’ equity. References: Kimmel, P. D., Weygandt, J. J., & Kieso, D. E. ( 2010). Financial accounting: Tools for business decision making (6th ed.). Hoboken, NJ: John Wiley & Sons. Accounting Equation Paper. (2016, Dec 10).

Organizational Communication of Toyota Essay Example | Topics and Well Written Essays - 500 words

Organizational Communication of Toyota - Essay Example The real essence of leadership according to Toyota is embodied in two apparently simple, but potent concepts – respect for people and continuous development. For people in Toyota, respect means viewing them as long-term associates in the business that realize in value over time and challenging them to stretch themselves and grow (Liker, 2). Toyota made a "heart-breaking" broadcast that it had stopped making cars in Australia in 2017, bringing to a stop to the nations car production sector. They told their employees that they did everything that they could to change their business, but the truth is that there were too many factors beyond their control that made it unviable to build cars in Australia. In addition, that even though the company had made profits in the past, manufacturing operations had continually led to loss hence leading to closure (Wimmer, Engelbert & Arun, 4). Toyota’s present problem is a result of inadequately designed practices and weak implementation of operations on the part of the human resource department. Some of the HR processes that must have contributed to Toyota’s downfall include rewards, training, performance management, and the hiring processes. The reason of any corporate reward process is to persuade the right behaviors and to dishearten the negative. However, it may be that the rewards for signifying error-free results were so high that clear errors were swept underneath the table. As a result, the employees were not willing to put the effort on growth and hence collapse of the company (Magee, 5). Secondly, the purpose of training is to guarantee that employees have the right skills and capabilities to handle all situations they may come across including negative information which it seems management did not focus on. Moreover, the HR department of Toyota had a poorly designed hiring process that allowed hiring of individuals

Is rationalism best understood as a rational phenomenon Essay

Is rationalism best understood as a rational phenomenon - Essay Example tion of the earth and the stars (the earth is the centre of the universe; the stars are fixed to a crystalline sphere and are unchanging and eternal) went on for about one thousand years. Even though scientific quests existed, it was not till the 16th century that our worldview actually began to change. A host of new thinkers made radical changes in the world by ushering in rational and scientific investigation. Let us take a look at the important path breaking events in the development of modern and scientific and rational view of the world: Thus with the new dawn of Rationalism in the 16th century came a new spirit. The Rationalists held the view that one could arrive at knowledge, not by religious faith and revelation, but by reason. Their faith in the human reason brought in a new phenomenon in the thinking trends of the world. Their basic principle as given by Leibniz’s Principle of Sufficient Reason was that everything taking place in this world can be explained rationally and that knowledge (truth) can be gained by deduction. This new phenomenon is also evident in the Rationalists’ implicit faith in human intellect and understanding power, which can also be termed as intuition. If a man throws a ball into the air, what can we expect? The ball will come back to the earth. I know that this incident is only confirming the truth about the laws of the world. But there are two ways to come to this ultimate truth. The man can throw the ball a number of times and comes to a conclusion that the ball does not stay up but comes back to earth, or he can understand that some basic principle or law makes the ball come back to earth. The thinkers belonging to the first school of thought are called Empiricists, who believe that law of gravity can be established by observation. Throwing the ball up countless times will give the same result. So, we see that the empiricists’ point of view is dependent upon experience. If experience changes in this regard, the