Current liabilities are debts or obligations owed to others outside the business and due within one year. All businesses and organizations incur current liabilities as part of their routine operations. For example, a sporting goods store purchases goods (sports equipment) on account in anticipation of the upcoming season. It also has current liabilities for utility bills, rent, etc. Current liabilities recorded for utilities, rent, etc., are also recorded as expenses. This ensures companies are following the matching principle.

Contingent liabilities are generally not known and are contingent on an event happening.

Over the last decade, arguments have been made on whether contingent liabilities should be recorded, disclosed, or remote. A good example is British Petroleum (BP). BP had a huge oil spill and many liabilities arose from this event. BP had to disclose this event in its  annual report in 2010 because at the time, it could not estimate an amount. However, in 2011, many of these disclosed contingent liabilities were recorded because past transactions were estimable.

Whether it is a known, estimated, or contingent liability, companies incur these liabilities in the course of their operations. It’s inevitable. This is why it’s important to understand the different types of current liabilities and how they are classified.

Scenario

Imagine that you own or work for a business. Create a two- to three- (2–3) page report, not including the reference and cover page, to address the following information:

• Identify and describe the type of business or organization you will be using.
• Present and describe two examples of current liabilities that your business or organization might have. Please be specific and explain why you chose these two examples.
• List one example of an estimated liability and one example of a contingent liability that your business or organization has or might have. Explain why it is estimated or contingent.
• In summary, explain how these liabilities affect the financial statements.

Be sure to support your responses with credible sources. Note: Wikipedia is not a credible source. Cite your sources and format your paper with APA style. You are not required to write an abstract.

After you have reviewed the Assignment Details below, click the Discussion Board link under the My Work heading above to open the Discussion Board and make your post.

Assignment Details

You are trying to decide the best methodology to approach developing your online product ordering system. You have heard that using object-oriented programming will save you time and allow you to reuse many of the functions that you develop for this application. You also recognize that there will be requests for future functionality to be added to this ordering application after you launch the first version.

You have decided to evaluate the similarities and differences between structured procedural programming and object-oriented programming (OOP). You also are looking at how the object-oriented concepts can enhance your overall design and development of this application.

Using the online library, the Internet, and all resources, research at least 2 sources to support your response.

Within the Discussion Board area, write 3 paragraphs that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas:

Given an abstract class A, and an Interface I as shown in the diagram (“Inheritance”), respond to the following questions:

• What are the details of inheritance for the Class B that Extends Abstract Class A? 
• What are the details of inheritance of the Class J that Implements interface I?
• How would these types of inheritance be used in a program to solve a real-world problem? 
• What advantages do these types of inheritance provide?

Discussion Board Reminders: 

I NEED A 2 PAGE PAPER OF 550 WORDS 

INSTRUCTIONS:

This is an opportunity to begin systematically studying an area of interest related to solar policy in an international, national, regional, local, or comparative context.  The first version should be a fery full outline, with an introduction, sections of analysis (such as historical context, and sections for policy, legal, and technological issues),  that is readable, clear, and well supported with evidence. While it may be a review of a topic or area of study, your draft  should have a sound thesis and well articulated argument. Your paper should have an introduction explaining the point and scope of the paper.  It should also show the beginnings of your research,  and have a few appropriate citations from peer-reviewed journals (at least 3 at this point). Do not rely on just media reports!  

Think about the following when organizing your initial draft:

1) What is the topic you are interested in?

2) What are the commonly held positions in relation to this topic? Under what political and economic contexts?  How has this changed over time? 

         For instance, is net metering considered a positive or negative mechanism for increasing the adoption of solar energy?  When was implemented, in what contexts by which states, to achieve what goals? Did they achieve their goals?  Why /why not?  What have policy-makers learned from net metering?

3) who are the major actors, institutions, and/or stakeholders?  Utilities, corporations commissions, policy-makers and politicians, the public?  Who has influence and how is it exercised?  Through what avenues do they make their influence felt?

Good journals to look at for peer-reviewed policy information  are: Energy Policy, Energy Research & Social Science, Current Renewable and Sustainable Energy Reports, and Nature Energy, to begin with.  

THE CHOSEN TOPIC IS:

– How can we implement cheaper solar energy policies in marginalized, overburdened and disadvantaged communities?

HELPFUL NOTES:

-I would like a full paragraph for your intro, including your topic, what you are arguing or exploring, and how you are going to argue or explore that topic.  For instance, based on our initial meeting, it sounds like your thesis would be something like, “this paper will explore the evolution of different policy approaches from the federal government in the U.S. to address access to energy efficiency and innovation for historically marginalized and underserved communities, focusing specifically on (these pieces of legislation).

Then you would have an outline, with the major policies and what you’ve discovered so far. EAch section of the outline should have some text like what I have below, with some citations (at least one for each section). 

The more research you do now, and the more you put in your outline, the better I can help with honing your arguments and helping find articles.  But there is no fixed word count.

Have you done a google scholar search on the different programs I mentioned?  There are three I think you should look at, at least initially: 

1) The Rural Electrification Act (1936) to look at how the U.S. federal government envisioned electrification as a key element of relieving the worst aspects of the Depression. this would be the historical context section of your paper, perhaps.

 2) Low Income Home Energy Assistance Program (LIHEAP, 1981) to see how the fed both recognizes energy as a issue,and how they choose to fund programs like this.

3) Weatherization Assistance Program  (WAP): https://www.energy.gov/eere/wap/weatherization-assistance-program

Writing Assignment 2 Parameters and Standards Summary: Most religions have “rites of passage” or “life-cycle rituals” associated with the various stages in the human life. These rituals are most commonly associated with birth, adolescence, adulthood, marriage, and death (or some variation of these). For this essay, explore one life-cycle ritual as expressed in two (2) different religions studied in the second half of this course: Zoroastrianism, Judaism, Christianity, Islam, Sikhism, or a specific New Religious Movement discussed in Chapter 13. There is more information about all of this below, so be sure to pay attention to all of the details in this document. Quick View Checklist (all of this is discussed in greater depth in the Parameters section that follows): □ Select 1 (and only 1) specific religious life-cycle ritual. □ Select 2 (and only 2) different religions from the second half of the course for the analysis of your life-cycle ritual: Zoroastrianism, Judaism, Christianity, Islam, Sikhism, or a specific New Religious Movement discussed in Chapter 13. □ The life-cycle ritual is discussed in terms of activities, events, observances, and beliefs for each religion. □ The structure is that of a standard college essay. □ Research sources are academic, scholarly, or primary sources (scriptures or doctrines of the religion). □ Include an MLA formatted bibliography of at least 3 sources. □ Quotes are limited to religious scriptures or doctrines only and can be no more than 10% of the paper content. □ Submission is at least 600 words (bibliographies are not a part of the word count). □ Contains appropriate sentence and paragraph formats, proper grammar, and correct spelling and punctuation. □ Demonstrates original writing skills. □ Upload completed essay in the Writing Assignment 2 dropbox by the due date posted in the Time Schedule. Parameters: Here are the complete parameters of this research assignment: LIFE-CYCLE RITUALS – You will discuss one life-cycle ritual. The most prominent examples to choose from include birth rituals, coming-of-age rituals, weddings, and funerals. The choice is yours; just make sure it is a life-cycle ritual and not another type of religious ritual. Remember, life-cycle rituals are associated with the transitional periods in a person’s life. RELIGIONS – The life-cycle ritual chosen will be discussed in the context of two (and only two) different religions studied in the second half of the course: Zoroastrianism, Judaism, Christianity, Islam, Sikhism or a specific New Religious Movement discussed in Chapter 13. For example, you could present the birth rituals of Islam and Sikhism, or perhaps the coming-of-age rituals of Judaism and Baha’i. The point here is that your selected life-cycle ritual is discussed in the context of two of the religions from the second half of the course. The choice of these religions is yours, but make sure the religions you choose actually participate in that life-cycle ritual. Allow your research to guide you to your choice of religions for this analysis. CONTENT – For this analysis, you should describe the various activities, events, observances, and beliefs associated with the life-cycle ritual for each of your two chosen religions. For example, are there specific activities, props, and/or dietary aspects associated with the event? Does the person receive anything as a part of the ritual? Is there anything done to the physical body as a sign of the ritual? To what extent does the religious community participate? Have the events secularized in modern times? Are the celebrations publicly observed or isolated in the religious communities? Are there variations of activities, events, observances, and beliefs based on geographical or divisional/denominational differences? You will find in your research that there are a variety of different practices associated with life-cycle rituals that will be geographically or divisionally specific. In other words, what Zoroastrians do in India is different from what they do in Iran; or the practices of Sunni Muslims differ from that of Shi’a Muslims. In these situations, you should isolate your conversation to one specific group (identifying in your essay the group and/or location you are focusing on for each religion). Not everything above applies in all situations; these are just some ideas of what to consider as you prepare to write this essay. Deductions of up to 30 points will be made for errors related to the LifeCycle Rituals, Religions, and Content categories (outlined above). STRUCTURE – This paper should be done in a traditional essay format that includes: an introductory paragraph that discusses the religious concept of life-cycle rituals and what you intend to explore (the life-cycle ritual you have chosen and the religions you intend to explore); two or three paragraphs presenting what is outlined in the “Content” category above; a conclusion paragraph summarizing the content and/or noting the primary similarities and difference between the religions explored; and then a bibliography of sources consulted (see below). RESEARCH – You are expected to do academic research for this assignment. This is not an opinion paper, it is a research paper. To that end, consult and cite multiple sources (at least 3, but you really should have more) to illustrate depth of research. These academic or scholarly sources should be peer-reviewed journal articles or books (library resources), primary sources (sacred literature and official religious documents), or authorized publications of recognized religious organizations. The research sources consulted should be provided in a Bibliography conforming to the MLA (Modern Language Association) format. For more information about the MLA format visit: https://spcollege.libguides.com/MLA_8th. For useful research information, see: spcollege.libguides.com/world_religions. There will be deductions of up to 10 points for errors in this category. QUOTING – Quotes are limited to only the sacred literature or official doctrines of a specific religion and should constitute no more than 10% of the paper content. In other words, you are not permitted to quote from your research articles. You need to develop the ability to take the information that you would quote and express it in your own words as this is how to demonstrate understanding. The quoted material from religious scriptures or documents is only to support your conversation and should be used sparingly. Any quotes will need to have internal documentation done according to Modern Language Association (MLA) standards: https://spcollege.libguides.com/MLA_8th. Deductions will be assessed based upon the severity of the errors, with the points coming out of the “subject and content” section above. WORD COUNT – Your submission is required to be a minimum of 600 words, but no more than 1200 words (Bibliographies do not count as a part of the word count). Submissions larger than 1200 words or fewer than 600 words will receive no points. A college paper needs to demonstrate the skill of being thorough, yet concise. ACADEMIC WRITING – Your submission is expected to conform to academic writing standards (i.e., demonstrate the use of proper sentence and paragraph formats, proper grammar, and correct spelling and punctuation). Up to 15 points can be deducted for writing errors based upon their frequency and severity. Please note that the allowed file types are MS Word, WordPerfect, Postscript, Acrobat PDF, HTML, RTF, and plain text. No other file types are accepted.