Scenario: BizCon, a consulting firm, has just completed its first year of operations. The company’s sales growth
was explosive. To encourage clients to hire its services, BizCon offered 180-day financing – meaning its largest customers do not pay for nearly 6 months. Because BizCon is a new company, its equipment suppliers insist on being paid cash on delivery. Also, it had to pay upfront for 2 years of insurance. At the end of the year,
BizCon owed employees for one full month of salaries, but due to a cash shortfall, it promised to pay them the first week of next year.
As the senior accountant, the Chief Financial Officer has asked you to prepare a memo to be sent to
management notifying them of the delayed wage payments.
Prepare the memo in a maximum of 500 words using business writing (see week 1) including the following
information to better outline the situation:
• Explain how cash and accrual accounting differ and explain which method Bizcon is using. Be sure to read my posts in class.
• Explain to management how BizCon could have positive net income and yet run out of cash. This entails tying together the accounting method and the timing of payments and receipts.
Instituting Columbus GuidesorSubmit my paper for investigation De Bry paintingTheodore de Bry, conceived in the Prince-Bishopric of Liege in 1528, lived and worked in Strasbourg, Antwerp, and London before he eventually settled in Frankfurt, the focal point of the European book exchange. Prepared as a goldsmith, he had effectively rehashed himself as a visual craftsman during the 1570s and 1580s. In the last decade of the sixteenth century, he would crown this change by presenting the system of including copper etchings into printed books to Germany, in this manner making a specialty in the market for his extravagantly outlined end table books. His most stupendous arrangement of distributions was the 'De Bry assortment of journeys.' Initiated in 1590, it would run until 1634, and include twenty-five folio volumes of European travel records to America, Africa, and Asia. Theodore and his two children made an interpretation of these accounts into German and Latin (periodically changing the writings), and included outlines if the first forms didn't contain any pictures, or on the off chance that they didn't satisfy their high creative guidelines. Both the thirteen-volume America-arrangement and the twelve-volume India Orientalis-arrangement became extravagant gatherers' things practically medium-term, and have remained so right up 'til the present time. De Bry opened his America-arrangement with the acclaimed watercolor drawings by John White and Jacques Le Moyne de Morgues which Richard Hakluyt had given him for this reason during his time in London. Be that as it may, when he needed to discover material all alone, he immediately went to Columbus. De Bry committed Volume IV of the America-arrangement, distributed in 1594, to the record of the Milanese voyager Girolamo Benzoni who described the Genoese pilgrim's first journey of 1492. One of the customized etchings De Bry structured in his workshop in Frankfurt, typically, caught the minute Columbus originally set foot in the New World (presented underneath). The delineation is based on the experience between Columbus, supported by two different hirelings of the Spanish government, and a gathering of Native Americans. The way De Bry delineated the two gatherings accentuates the difference between the Europeans and the Indians. On one side Columbus, perfectly dressed after a long maritime intersection, is bolstered by two men who are vigorously equipped. Obviously they are in charge, both of the circumstance and of themselves. Their erect, sure postures are—allegorically—still a world away from the chaotic way in which the Amerindians of Hispaniola present themselves. They are stripped, and seem, by all accounts, to be uncertain of what the experience will bring. While trying to give the Spaniards what they want, the Indians offer Columbus their valuable metals, advantageously cast in conventional European shapes to guarantee a decent understanding. The foundation of the etching validates that what De Bry is demonstrating us here is basically a move in power, something of which European perusers in the late sixteenth century were very much mindful. Columbus' amazing boats, the Nina, the Pinta, and the Santa Maria, allude to both this preamble to the minute De Bry caught, and the essential disparities of the intercultural relationship that lie ahead. While more Spaniards land to claim the island, the locals escape after evidently having initially moved toward the boats. The force move is made bounteously clear by the planting of the cross on the left-hand side of the arrangement. One of the Spanish officers has even put his weapon to the other side to help build up Christianity in the New World—an incredible emblematic signal that has all the earmarks of being a forerunner to Joe Rosenthal's notorious photo of American warriors raising the banner at Iwo Jima in August 1945. The planting of the cross was especially significant for Theodore de Bry. As per his own declaration, De Bry, a Calvinist, had been driven away from his local Liege as a result of strict mistreatment. In Frankfurt, as well, Calvinists were endured simply because of their business significance to the city. It drove De Bry to build up a clever methodology for his assortment of journeys that would be adequate over the Old World, for perusers of each confession booth foundation. While the Latin interpretations he made were expected for a Catholic readership, his apparently indistinguishable German versions uncover Protestant feelings. When contrasting the two forms one sees contrasts in words, sentences, passages, and every so often even whole records. Making elective inscriptions, notwithstanding, was unreasonably exorbitant for De Bry's publication methodology of confession booth separation. Various representations for various readerships, in addition, would not upgrade the authority of his leader distribution that was essential to the business prosperity of his distributing house. So for his inscriptions, De Bry's technique was to improve the differentiation between humanized Christian explorers and the unseemly rapscallion people groups of the non-European world, subsequently making an iconography that could be acknowledged in all sides of the partitioned landmass. Consequently, for reasons altogether random to his own experiences, Columbus was delineated right now hundred years after the fact. However De Bry's picture, as opposed to a tardy end to Columbus' undertaking, is just the start of the story. The De Bry assortment was the absolute most persuasive European arrangement of pictures to abridge what has generally been known as 'the Age of Discovery.' Altogether it contained up to 600 top notch copper inscriptions, around 40% of which were concocted without any preparation by the De Bry family in Frankfurt. The blend of these excellent structures, printed at the center point of early present day European book culture by a profoundly dexterous etcher from the Low Countries, and the expanding significance of pilgrim undertakings for the European level of influence all through the seventeenth and eighteenth hundreds of years, implied that the De Bry pictures—particularly those of America for which there had been no past iconographic custom—were replicated over and over. Duplicates and inferences showed up in different settings with each possible recently joined significance (they despite everything do today, for the most part as book covers for considers on a bunch of various themes). For Columbus, by and large, we can build up that he was at long last consecrated—outwardly—in 1592 by Theodore de Bry. The picture has since been changed so as to meet new expressive shows, however a few components have demonstrated very diligent. In 1732, the Amsterdam-based Huguenot author Bernard Picart, for his book entitled Ceremonies et Coutumes Religieuses de Tous les Peuples du Monde, made a comparable representation of Columbus' landfall, which, in the event that anything, just improved the complexity previously demanded by De Bry. Picart's Columbus, encompassed by an all the more consoling number of troops this time, was by and by in evident order of the circumstance. His own men unmistakably adored him for his accomplishments, maybe demonstrating to the Native Americans the personality of their pioneer. The standard with the ensign of the Spanish government is another expansion, perhaps out of line for a Protestant like Theodore de Bry during a time of broadly shared enemy of Spanish slant, yet an advantageous methods for Picart to underscore the expanding significance of national power. In the interim, the contribution of gold, an inherent part of the sixteenth-century Leyenda Negra of Spanish eagerness, is no more. The Amerindians Columbus experiences here show up much more astonished than their indigenous ancestors in the De Bry etching. The Indians in the frontal area were likely given a darker appearance so as to place the experience behind them in a more full light, yet the way that skin shading turned into a measuring stick to quantify class in the eighteenth century could have been an extra motivation. At last, and intriguingly, despite the fact that Picart's motivation was one of strict toleration, the raising of the cross held its place in the plan. Towards the finish of the eighteenth century, the Amsterdam designer Reinier Vinkeles was another craftsman to utilize the format Theodore de Bry had made right around two centuries sooner. In 1788, Vinkeles made a drawing of Columbus' appearance in the New World that disposed of Picart's option of extra Spaniards, and reestablished Columbus as the solitary legend of the endeavor, much like De Bry had done before him. The sword despite everything passed on the consoling message that the Europeans were in charge, in spite of the fierce improvements in North America promptly before Vinkeles' structure. The point of view of Vinkeles' picture is indistinguishable from that of De Bry, with ships in the inaccessible foundation and sloops with extra pioneers moving toward the shore. Behind Columbus, the cross is planted in a way that dependably looks like the De Bry sythesis, viewed with inquisitive enthusiasm by the Native Americans who show the comparable blend of dread and regard that portrayed De Bry's exposed Indians. Vinkeles, as Picart before him, didn't portray the giving of New World gold and silver, however rather seems to have adorned the picture by including a delegated head among the Amerindians (with seemingly the most dreadful appearance of the whole gathering). Indeed, despite the fact that this time intentionally, the skin shade of the Amerindians has been altered to underline the racial contrasts between the two gatherings. The nineteenth and twentieth hundreds of years delivered a lot more plans that were legitimately or by implication got from the De Bry etching, as any individual who does a Google search on 'Columbus' and '1492' can build up. They are on the whole extraordinary, yet not many of them are new. All demand the juxtapositions among innovation and handiwork, affability and blamelessness, religion and obliviousness, and, above all, force and reliance. A portion of these 'advanced' portrayals of the appearance of the main European armada in America will undoubtedly make most twenty-first century watchers wince>GET ANSWER