What is a Balance Sheet? What are assets, liabilities and Owner’s Equity? What is the importance of Balance Sheet for the business.
Sample solution
Dante Alighieri played a critical role in the literature world through his poem Divine Comedy that was written in the 14th century. The poem contains Inferno, Purgatorio, and Paradiso. The Inferno is a description of the nine circles of torment that are found on the earth. It depicts the realms of the people that have gone against the spiritual values and who, instead, have chosen bestial appetite, violence, or fraud and malice. The nine circles of hell are limbo, lust, gluttony, greed and wrath. Others are heresy, violence, fraud, and treachery. The purpose of this paper is to examine the Dante’s Inferno in the perspective of its portrayal of God’s image and the justification of hell.
In this epic poem, God is portrayed as a super being guilty of multiple weaknesses including being egotistic, unjust, and hypocritical. Dante, in this poem, depicts God as being more human than divine by challenging God’s omnipotence. Additionally, the manner in which Dante describes Hell is in full contradiction to the morals of God as written in the Bible. When god arranges Hell to flatter Himself, He commits egotism, a sin that is common among human beings (Cheney, 2016). The weakness is depicted in Limbo and on the Gate of Hell where, for instance, God sends those who do not worship Him to Hell. This implies that failure to worship Him is a sin.
God is also depicted as lacking justice in His actions thus removing the godly image. The injustice is portrayed by the manner in which the sodomites and opportunists are treated. The opportunists are subjected to banner chasing in their lives after death followed by being stung by insects and maggots. They are known to having done neither good nor bad during their lifetimes and, therefore, justice could have demanded that they be granted a neutral punishment having lived a neutral life. The sodomites are also punished unfairly by God when Brunetto Lattini is condemned to hell despite being a good leader (Babor, T. F., McGovern, T., & Robaina, K. (2017). While he commited sodomy, God chooses to ignore all the other good deeds that Brunetto did.
Finally, God is also portrayed as being hypocritical in His actions, a sin that further diminishes His godliness and makes Him more human. A case in point is when God condemns the sin of egotism and goes ahead to commit it repeatedly. Proverbs 29:23 states that “arrogance will bring your downfall, but if you are humble, you will be respected.” When Slattery condemns Dante’s human state as being weak, doubtful, and limited, he is proving God’s hypocrisy because He is also human (Verdicchio, 2015). The actions of God in Hell as portrayed by Dante are inconsistent with the Biblical literature. Both Dante and God are prone to making mistakes, something common among human beings thus making God more human.
To wrap it up, Dante portrays God is more human since He commits the same sins that humans commit: egotism, hypocrisy, and injustice. Hell is justified as being a destination for victims of the mistakes committed by God. The Hell is presented as being a totally different place as compared to what is written about it in the Bible. As a result, reading through the text gives an image of God who is prone to the very mistakes common to humans thus ripping Him off His lofty status of divine and, instead, making Him a mere human. Whether or not Dante did it intentionally is subject to debate but one thing is clear in the poem: the misconstrued notion of God is revealed to future generations.
References
Babor, T. F., McGovern, T., & Robaina, K. (2017). Dante’s inferno: Seven deadly sins in scientific publishing and how to avoid them. Addiction Science: A Guide for the Perplexed, 267.
Cheney, L. D. G. (2016). Illustrations for Dante’s Inferno: A Comparative Study of Sandro Botticelli, Giovanni Stradano, and Federico Zuccaro. Cultural and Religious Studies, 4(8), 487.
Verdicchio, M. (2015). Irony and Desire in Dante’s” Inferno” 27. Italica, 285-297.
Sample Solution
A balance sheet is a financial statement that summarizes a company’s assets, liabilities, and owner’s equity at a specific point in time.
Sample Solution
A balance sheet is a financial statement that summarizes a company’s assets, liabilities, and owner’s equity at a specific point in time.
A balance sheet is a financial statement that summarizes a company’s assets, liabilities, and owner’s equity at a specific point in time. It is one of the three main financial statements, along with the income statement and the statement of cash flows.
- Assets are what a company owns. They can be either tangible assets, such as cash, inventory, and property, or intangible assets, such as patents, trademarks, and goodwill.
- Liabilities are what a company owes to others. They can be either current liabilities, which are due within one year, or long-term liabilities, which are due more than one year from now.
- Owner’s equity is the difference between a company’s assets and liabilities. It represents the amount of money that the owners have invested in the company, plus any profits that the company has earned and not yet distributed to the owners.
The balance sheet equation is:
Assets = Liabilities + Owner’s Equity
This equation means that the total value of a company’s assets must equal the total value of its liabilities plus the total value of its owner’s equity.
The balance sheet is important for businesses because it provides a snapshot of the company’s financial health at a specific point in time. It can be used to assess the company’s liquidity, solvency, and financial flexibility. The balance sheet can also be used to compare the company’s financial performance over time.
Here are some of the key things that can be learned from a balance sheet:
- Liquidity: How easily can the company turn its assets into cash?
- Solvency: Does the company have enough assets to cover its liabilities?
- Financial flexibility: How easily can the company adapt to changes in its financial environment?
- Owner’s equity: How much money have the owners invested in the company?
- Profitability: How much profit has the company earned?
The balance sheet is a valuable tool for businesses of all sizes. By understanding the balance sheet, businesses can make better decisions about their financial future.
