McDonald's Essay Example | Topics and Well Written Essays - 1250 words

McDonald's - Essay Example He played role for the two brothers of purchasing the chain of their company’s production and his efforts oversaw the company’s global growth. The company is currently the largest producer of fast foods in United States and u can find its products in approximately hundred and twenty countries (Mieth 2007, p. 95). The executive organizational departments of McDonald’s are as follows: the top leaders of the company are chief executive officer and chairperson, and COO (Chief Operating Officer). Under these leaders, there several departments, which are broken into: marketing, corporation affairs, human resources, regional managers, national operations, information technology, finance, and strategic planning (Kincheloe 2002, p. 45). There are also other functional departments in the company, which include franchising, customer services, hygiene, security, property and construction, safety, restaurant services, and supply chain. The company has a multi-department organizational structure; the CEO is the leader of the company with board of directors. The company’s board of directors consists of thirteen members, with whom eleven are directors. The CEO is the head of the company and manages the other departments in the company, which include operations, finance, franchising, and human resource departments. McDonald’s serves in the restaurant sector industry and its name is famous in the world. The main products of the company are fries, burgers, as well as soft drinks. The company also offers chicken, desserts, milkshakes, French fries, cheeseburgers, and breakfast foods (Kincheloe 2002, p. 48). In addition, due to the expanding needs of McDonald’s customers, the management has also decide to expand its menu including other items such as fish, smoothies, wraps, fruits,/ and salads. Most customers prefer the company using some big names such as Quarter Pounder, Big Mac, Egg Mc Muffin, Filet

Hamlet the Play and the Movie Essay -- Shakespeare Hamlet Compare Cont

Hamlet the Play and the Movie Hamlet by William Shakespeare is a story about a king that was murdered by his brother and the prince has been asked by his father?s ghost to avenge his murder. The original story line has been altered a few times since it has been written. The original Hamlet the play and the altered Hamlet the movie are shown differently in many different ways. Hamlet the movie with Mel Gibson shows different things than the play, but there are three major differences between the two. The three major differences are in the way both of the productions start out, differences in the scene that the players put on a play, and differences in the way the productions end. The first difference is in the way the play and the movie begins. The play starts out with guards standing guard at the castle with Horatio, Hamlet?s friend. The guards and Horatio are waiting for the ghost of Old Hamlet to arrive so they can find out why he is there. The ghost does arrive twice but does not speak. The scene ends with the guards and Horatio discussing that they should get Hamlet to try to speak to the ghost. Hamlet the movie starts out differently. It starts out with the funeral for King Hamlet with Gertrude standing beside the coffin. Hamlet sprinkles dust over his father?s dead body. The coffin is then covered and Claudius, Old Hamlet?s brother, places his sword over the coffin and Gertrude cries. The second difference is the way the scene is with the player?s putting o...

Intermediate accounting Essay

1. Distinguish between perpetual and periodic inventory system. Why conduct physical inventory? When should, if any a physical inventory count occur? Perpetual inventory system is a system for determining the cost of goods sold by keeping continuous records of the physical inventory as goods are bought and sold. In other words, under the perpetual inventory system – records are kept of the quantity and usually the cost of individual items of inventory throughout the year, as items are bought and sold. The cost of goods sold is recorded as goods are transferred to customers, and the inventory balance is kept current throughout the year, as items are bought and sold. The physical inventory is important because it is an actual amount of all merchandise on hand at the end of an accounting period. The actual physical count of the product must occur after the Pre-Physical Inventory update is run.   It means that no movements of the product can occur until after the actual count is done.   In other words the product is frozen until a physical count is done on the item.   After the actual count the movement of the individual item within the product group can resume while other products are being count. In periodic inventory system, it is a system for determining the cost of goods sold by deducting the ending inventory (based on a physical count of the inventory) from the beginning inventory plus total purchases over the period. 2. Intangible assets have two main characteristics. They lack physical existence and they are not financial instruments. Costs incurred internally to create intangibles are generally expensed as incurred. Explain the procedure for amortizing intangible assets. Intangible assets are a long-term assets that have no physical substance but have a value based on rights or privileges that accrue to the owner. Intangible assets  don’t have the obvious physical value of a  factory or equipment; they can prove very valuable for a firm and can be critical to its long-term success or failure. For example, a company such as Coca-Cola wouldn’t be nearly as  successful was it not for the high value obtained through its brand-name recognition. Although brand recognition is not a physical asset you can see or touch, its positive effects on bottom-line profits can prove extremely valuable to firms such as Coca-Cola, whose brand strength drives global sales year after year. In FASB STATEMENT NO. 142, the useful life of certain intangible assets is difficult to judge, particularly assets that involve contracted or other legally set terms. Companies use the useful life of assets to guide their decisions on whether or not to amortize them on their financial statements. The key factor in determining whether to amortize an â€Å"other† intangible asset is its useful life. If it is indefinite, the asset is not amortized. Although the question of whether an asset’s useful life is definite or indefinite may seem straightforward, certain intangibles—particularly those that are a result of contracted or other legally set terms—are difficult to judge. Prior to the issuance of FASB Statement no. 142, the maximum useful life of an intangible asset was 40 years. Could an asset a company was amortizing over a useful life of less than 40 years now have an indefinite life under Statement no. 142? The answer is â€Å"maybe.† Prior to its implementation companies may not have taken all of the three criteria in Statement no. 142—renewability, costs and modifications—into account in making amortization decisions. Further, it was not an option for an asset to have an indefinite useful life, regardless of how a company evaluated the criteria before Statement no. 142. The limit was 40 years. The bottom line? Even those intangibles that weren’t assigned the full 40-year useful life prior to Statement no. 142 should be evaluated against the statement’s criteria. They may have indefinite useful lives as well. References http://www.sdc.on.ca/sdc6/help/Physical%20Inventory%20Process.htm Jennefer M. Mueller. Journal of Accountancy: Amortization of Certain Intangible Assets. DECEMBER 2004 / Volume 198, Number 6.

A Brief Note On Journalism And Technology On Our Lives

Kevin Koeshartono Professor Benoit Elements of Journalism 2 November 2014 Journalism and Technology Every year technology is continuing to advance further and further. The way we live our lives ten years ago compared to how we live our lives today is vastly different. In this day and age, everything is so instant. If we want information, we don’t have to wait to get to a library to read a book about it. We don’t even have to wait to go home to use our computers to google something anymore. Anything we need or want to know, we have access to in the palm of our hands. Smartphones have allowed people to have access to the internet as fast as they can unlock their phones and open up an application. Everything has become about instant gratification. There idea of waiting to do anything anymore is obsolete. With this advancement of technology, there is a rise in the use of social media sites such as Facebook, Myspace, Twitter, Google+, etc. Everyone now has instant connections with everyone. Communication has never been easier. With the combination of smartphones and social media sites, a majority of the population spends a startling amount of time staring at their phones. The idea of staying â€Å"connected† to everyone has consumed the population. With the introduction of social media sites, everyone is constantly updating their â€Å"status† or â€Å"tweeting† what they are doing. So how does this connect to news? More and more people are spending time on these sites thanShow MoreRelatedOnline Marketing993 Words   |  4 Pagesother material such as graphics or video. Mostly, it contains commentaries and humorous content. How can a company utilize blogs? Google ads are the most effective ways to utilize the medium of blogs. (htt6). 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On the other hand, they are businesses that produce commodities – information and entertainment – for a market. At the same time, because their products are descriptions of reality that influence our perceptions of the world around us, news media wield influence that extends far beyond the marketplace. Who controls the media is of significance to every member of society. As figures like Rupert Murdoch, Silvio Berlusconi and the new Russian mediaRead MoreJournalistic and Commercial News Value: News Organizations as Patrons of an Institution and Market Actors 9276 Words   |  38 Pagespolitical values as freedom of expression and democracy. On the other hand, they are businesses that produce commodities – information and entertainment – for a market. At the same time, because their products are descriptions of reality that influence our perceptions of the world around us, news media wield influence that extends far beyond the marketplace. Who controls the media is of significance to every member of society. As figures like Rupert Murdoch, Silvio Berlusconi and the new Russian mediaRead MoreThe Globalization/Consumption of Digital Media3696 Words   |  15 Pages-------------Body-----------Globalization of Digital Media-------------------- I would like to base my final project on a very simple article that –if read in depth and understood correctly, –publically announces the influence that digital media has on our modern world. My topic on the other hand –not the article, more like the idea behind the article –focuses on global digital media. It focuses on humanity’s horizons, expanding through digital media. Subtopics discussed include: education, brickRead MoreLiberal Bias in the Media Essay2027 Words   |  9 Pagesgovernment was more worried about the terrorism from 9/11 and our economic crisis. 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I first chose examine Daniel Lerners development continuum, and this as a reference point, to discuss the role mass media plays in globalRead MoreBusiness Journalism in India26104 Words   |  105 PagesBusiness and Magazine Journalism (combination of Niche I and II) 1 Growing importance of business journalism, a brief history (2) 2 The structure of financial management in the country starting with the Finance Minister, (5) rest of the bureaucracy, RBI governor, Planning Commission, SEBI, Banking sector 3 The Budget preparation and presentation, factors influencing the annual budget, role of (5) subsidies and foreign exchange reserves 4 Companies, balance sheets, AGMs window dressing