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Accounting Concepts and Calculations: A Comprehensive Guide

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Accounting Concepts and Calculations

1. Income Statement

  • Gross Sales: Total sales before any deductions.
  • Returns: Deducted from gross sales to calculate net sales.
  • Cash Discounts: Deducted from gross sales to calculate net sales.
  • Net Sales: Gross sales minus returns and cash discounts.
  • Cost of Goods Sold (COGS): The cost of the goods sold during the period.
  • Other Expenses: Expenses not related to COGS.
  • Profit Before Tax: Net sales minus COGS and other expenses.
  • Tax Expense: Taxes owed on profit before tax.
  • Net Income: Profit before tax minus tax expense.

2. Balance Sheet

  • Accounts Receivable: Money owed to the company by customers for goods or services sold on credit.
  • Allowance for Doubtful Accounts (ADA): An estimate of the amount of accounts receivable
... Continue reading "Accounting Concepts and Calculations: A Comprehensive Guide" »

T.S. Eliot's Critical Theories and Literary Impact

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T.S. Eliot's Influence on Literary Criticism

T.S. Eliot was an influential figure in literature. While the literary canon naturally changes with society, Eliot managed single-handedly to modify the canon of English literature through his criticism.

Revitalizing and Reshaping the Canon

He revitalized whole periods of English literature that were almost forgotten, including:

  • The Jacobean drama
  • Metaphysical poets
  • John Dryden
  • The poetry of Dante
  • Symbolist poetry

However, he also criticized Romantic poetry, managing to impose a dislike for it because he felt it descended into sentimentalism.

Eliot's Critical Concepts

He introduced a series of critical concepts that have exerted an enormous influence on how criticism was conducted in the 20th century. For Eliot,... Continue reading "T.S. Eliot's Critical Theories and Literary Impact" »

Connecting Words and Phrases in Spanish - A Comprehensive Guide

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ADDITION

Moreover, beside, furthermore, in addition (además), and also (y también), likewise (asimismo), as well as (como también), not only...but also (no solo...sino que también), further (mas aun), another (otro), still another (aun otro), last but not least (ultimo pero no menos importante).

RESULT

so (asi que, entonces), therefore (por lo tanto), hence (de ahí que), thus (asi), consequently, as a consequence (como consecuencia), for this reason (por esta razón), as a result (como resultado), so that (de manera que), that’s why (por eso es que), accordingly (por consiguiente), so...that (tan...que), such (a)...tan (tan...que), nevertheless (no obstante).

PURPOSE

in order to (con el fin de), in order that (con el fin de que), for the... Continue reading "Connecting Words and Phrases in Spanish - A Comprehensive Guide" »

Vocabulary Definitions: Enhance Your Word Power

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Vocabulary Definitions

  • Annular - (adj) ring-shaped
  • Apiary - (n) a place where bees are kept and tended
  • Apocalyptic - (adj) relating to a revelation
  • Apostasy - (n) abandonment of faith or dedication to basic beliefs
  • Append - (v) to attach, add
  • Auspices - (n) patronage, sponsorship
  • Brusque - (adj) abrupt, rough in speech or manner
  • Bucolic - (adj) of the countryside
  • Cabal - (n) a group of people engaged in intrigue
  • Cache - (n) a secret place for hiding supplies, food, etc.
  • Cairn - (n) a heap of stones marking a special site
  • Codicil - (n) a supplementary statement, especially as in a will
  • Dissimulate - (v) to mask or confuse by false appearance
  • Dissipate - (v) to cause to disappear; to scatter
  • Eclectic - (adj) chosen or selected from various sources
  • Ecumenical
... Continue reading "Vocabulary Definitions: Enhance Your Word Power" »

Objective Literary Criticism: Theory, History, and Race

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Theory of Criticism

He believes that criticism should be descriptive (tries to describe), interpretative (tries to give the meaning), and objective. A criticism that engages the text directly without personal or historical influences, trying not to add anything of your own personality.

If I form the subject, it will be subjective. So it has to form itself. The critic has not to form the judgment, but it can’t form itself. So knowing that the critic, at the end, is the one able to form the judgment, he has to do it objectively, giving the appearance that it was formed itself.

The critic should “communicate first knowledge and let his own judgment pass along with it”. He assumes it is impossible that your judgment is not yours, but don’t... Continue reading "Objective Literary Criticism: Theory, History, and Race" »

Laurence Sterne's Tristram Shandy: Satire and Narrative Form

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The Distinctive Title of Tristram Shandy

A Parody of Traditional Novel Titling

The title of Tristram Shandy parodies the tradition of titling novels like ‘Of Lives and Adventures’. The novel’s title, in which a romance given name is undercut by a commonplace, even comic or satirical, surname, had other kinds of precedent in recent fiction.

The Oxymoronic Nature of the Title

The title itself is an oxymoron: a rough summary, in its satirical incongruity, of the mode of writing known as anti-romance or comic romance.

Sterne's Experimental Prose and Comic Romance

Instability of 18th-Century Narrative Terminology

The instability of terminology for long fictions during Sterne’s lifetime was one symptom of the experimentalism of prose narrative during... Continue reading "Laurence Sterne's Tristram Shandy: Satire and Narrative Form" »

The Historical Significance of Troy in Greek Mythology

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Troy was a city situated in the far northwest of the region known as Asia Minor, now known as Anatolia in modern Turkey, near the southwest mouth of the Dardanelles Strait and northwest of Mount Ida. There were up to 20 cities around Troy. The present-day location is known as Hissarlik. It was the setting of the Trojan War described in the Greek Epic Cycle, in particular in The Iliad, one of the two epic poems attributed to Homer. Homer is a master of narrative. He is the greatest author that has ever lived. His work is classical, but he had some things that are incredibly modern.

The Troy of Homer is Troy 7. It came to a violent end around 1270 BC; houses were burnt, and the city was sacked. The king of Troy was Priam (non-Greek). He was the... Continue reading "The Historical Significance of Troy in Greek Mythology" »

Homer's Enduring Legacy: Unraveling the Epic Poet

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Homer: Author of Ancient Epics

Homer is the name ascribed by the Ancient Greeks to the semi-legendary author of the two epic poems, The Iliad and The Odyssey, central works of Greek literature. Many accounts of Homer’s life circulated in classical antiquity, the most widespread being that he was a blind bard from Ionia, a region of modern-day Turkey. However, modern scholarly consensus holds that these traditions lack historical value.

The Homeric Question & Authorship

The Homeric Question—by whom, when, where, and under what circumstances The Iliad and The Odyssey were composed—continues to be debated. Broadly speaking, modern scholarly opinion on the authorship issue falls into two main camps. One group holds that most of The Iliad... Continue reading "Homer's Enduring Legacy: Unraveling the Epic Poet" »

Beowulf: Epic Poem Analysis & Plot Summary

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Literary Elements Defined

Key Literary Terms

  • Plot: The main events and sequence of a story.
  • Setting: The time and place in which the action of a story occurs.
  • Foreshadowing: Hints or clues about what is going to happen later in the story.
  • Outcome: The resolution or ending of the story.
  • Tone: The author's attitude toward the subject or audience, influencing how the reader perceives the story.
  • Imagery: Descriptive language that appeals to the senses, creating mental images for the reader.

Beowulf: An Epic Poem Analysis

Beowulf Overview

  • Original Language: Written in Old English (Anglo-Saxon language).
  • Notable Translation: Translated by Francis Gummere in 1910.
  • Author: Unknown.

Literary Elements in Beowulf

  • Tone in Beowulf

    The poet is generally enthusiastic about

... Continue reading "Beowulf: Epic Poem Analysis & Plot Summary" »

Gulliver's Travels: Publication and Satirical Frame

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Gulliver's Travels: Publication History

  • Swift most probably had a transcribed copy of the text by the end of 1725. To keep the holograph safe (and perhaps to obscure his authorship) Swift had an additional copy made.
  • This latter manuscript copy (made by an amanuensis) was sent to the printer in 1726 and was used to set the text of Gulliver's Travels.
  • Swift set out for London from Dublin on 6 March 1726, bringing with him the copy for the printer. Shortly afterwards, Charles Ford arrived with the holograph.
  • An approach to the publisher Benjamin Motte seems to have been made around 8 August by means of a letter from “Richard Sympson.”
  • The letter was accompanied by ‘about a fourth part’ of the text of Gulliver's Travels as a sample.
  • All materials
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