Training Vlog: Day 305 of Year 2 of Operation Great Reset - Build Back B...

“Technology is not an exogenous force over which we have no control. We are not constrained by a binary choice between “accept and live with it” and “reject and live without it”. Instead, take dramatic technological change as an invitation to reflect about who we are and how we see the world.” ― Klaus Schwab, The Fourth Industrial Revolution

Catholic Daily Mass - Daily TV Mass - August 31, 2023

Rosary from Lourdes - 31/08/2023

Training Vlog: Day 304 of Year 2 of Operation Great Reset - Build Back B...

“Many of our beliefs and assumptions about what the world could or should look like will be shattered in the process.” ― Klaus Schwab, COVID-19: The Great Reset

Catholic Daily Mass - Daily TV Mass - August 30, 2023

Rosary from Lourdes - 30/08/2023

Ramiro Flores | Vilo Vinilo

Training Vlog: Day 303 of Year 2 of Operation Great Reset - Build Back B...

"It is true that in the post-pandemic era, personal health and well-being will become a much greater priority for society, which is why the genie of tech surveillance will not be put back into the bottle. But it is for those who govern “and each of us personally to control and harness the benefits of technology without sacrificing our individual and collective values and freedoms.”

― Klaus Schwab, COVID-19: The Great Reset

POWERFUL Root Chakra Activation and Balancing (15 minute meditation)

396Hz Root Chakra Meditation with Red Rose Energy: Grounding and Empower...

Rosary from Lourdes - 29/08/2023

Catholic Daily Mass - Daily TV Mass - August 29, 2023

Mon, Aug 28 - Holy Catholic Mass from the National Shrine of The Divine ...

The Hidden Irish History Of Ancient America

Rosary from Lourdes - 28/08/2023

Accounting: The Language of Business - Vol. 2 (Intermediate: Part 96)

And this exclusion of "women's work" continues, despite United Nations data gathered since 1975 (the beginning of the UN Decade for Women) indicating that women globally contribute two-thirds of the world's work hours, for which - given the imbalanced, unjust, and truly peculiar nature of the accounting characteristic of dominator economics - they globally earn only one-tenth of what men do and own a mere one-hundredth of the world's property.

Riane Eisler

Accounting and the Time Value of Money (Part I)

by

Charles Lamson

Annuities

An annuity is a series of periodic payments or receipts of equal amounts that occur at equal time intervals between each cash flow. For example, the monthly payments on a car loan are an annuity. The equal cash flows are referred to as payments (PMT). There are two types of annuities: an ordinary annuity and an annuity due.

An ordinary annuity is an annuity where the cash flows occur at the end of the interest period. An annuity due is an annuity where the cash flows occur at the beginning of the interest period.

Annuity problems can have five variables:

1. Present value (PV)

2. Future value (FV)

3. Interest rate per compounding period (I/Y) 

4. Number of compounding periods (N)

5. Payments (PMT) 

We begin our discussion with the computations of the future value of ordinary annuities. 

Future Value of Ordinary Annuities 

In a future value of an ordinary annuity problem, the payments, the interest rate, and the number of corresponding periods are known and we compute the future value. Again, payments occur at the end of the period for an ordinary annuity. For example, assume that an undergraduate accounting student wants to accumulate a sum of money to pay for a master's program to earn the 150 credit hours required for accounting certification. The student will make $10,000 deposits at the end of each year for 3 years and the interest rate is 10% as depicted by Exhibit 7.8. interest is compounded annually. 

The third payment does not earn any interest. The first payment is on deposit and accumulates interest for two periods, and the second payment accumulates interest for only a single period. The third payment is made at the end and does not accumulate interest. To solve this problem, we can compound each cash flow as three separate single-sum problems as shown in the following table.

The future value of this annuity is therefore $33,100. The difference between the sum of the cash flows ($30,000) and the future value of the cash flows ($33,100) represents the interest earned on the investment, $3,100. 

This approach of turning an annuity into a series of single sum problems is too cumbersome for most annuity problems. Techniques involving a formula, table, spreadsheet, or financial calculator are efficient ways of solving future value of ordinary annuity problems. We will discuss these ways in Parts 97 and 98.

*GORDON, RAEDY, SANNELLA, 2019, INTERMEDIATE ACCOUNTING, 2ND ED., PP. 331-332*

end

Rosary from Lourdes - 27/08/2023

Catholic Daily Mass - Daily TV Mass - August 27, 2023

12. The Inca - Cities in the Cloud (Part 2 of 2)

12. The Inca - Cities in the Cloud (Part 1 of 2)

Catholic Daily Mass - Daily TV Mass - August 26, 2023

Rosary from Lourdes - 26/08/2023

11. Byzantium - Last of the Romans (Part 1 of 2)

Training Vlog: Day 300 of Year 2 of Operation Great Reset - Build Back B...

“In 2016, two academics from Oxford University came to the conclusion that up to 86% of jobs in restaurants, 75% of jobs in retail and 59% of jobs in entertainment could be automatized by 2035.” ― Klaus Schwab, COVID-19: The Great Reset

Catholic Daily Mass - Daily TV Mass - August 25, 2023

Accounting: The Language of Business - Vol. 2 (Intermediate: Part 95)

Now, that’s my boy you’re talking about, and I don’t want to get crossed up with you, Sasha. But you keep that tone and attitude about him, and we will.” – Sundown “Sorry. I forget you and Ash are weird enough to actually like him. No accounting for taste.” – Sasha

Sherrilyn Kenyon

Accounting and the Time Value of Money (Part H)

by

Charles Lamson

Other Single-Sum Problems

As we have discussed in Part 91, there are four variables in the single-sum problems. Typically, problems either solve for the present value or future value. However, at times the present and future values are known factors and solutions require solving for either the interest rate for the compounding period or the number of compounding periods.

Solving for the Interest Rate. We illustrate solving for the interest rate when we have the other three variables—FV, PV, N.

To solve for the interest rate with a formula, we rearranged the variables in equation 7.2 (from Part 92 and reintroduced below) to arrive at equation 7.6:

 

EXAMPLE 7.11 Solving for the Interest Rate in a Single-Sum Problem

To use the factor tables, start on the inside cells of the table. Referring to Table 7A.1 (from Part 92 and reintroduced below), we know from Equation 7.3 that the FV equals the PV times the table 7A.1 factor.

TABLE 7A.1 Future Value of $1

Click to enlarge. 

Thus, solving for the interest rate involves:

1. Computing the left-hand side of the equation by dividing future value by present value.

2. Searching for the interest rate in the row corresponding to the number of compounding periods (finding a factor in the table will depend on interest rates and the number of periods presented. If a factor is not found in a table, use another approach such as the formula or spreadsheet.

EXAMPLE 7.12 Solving for the Interest Rate in a Single-Sum Problem

We solve for the interest rate variable, I/Y, using the rate function in a spreadsheet cell as follows:

= RATE(N,PMT,PV,type)

All variables are previously defined. To solve the problem in Example 7.12, enter the following amounts in each cell.

The spreadsheet provides the solution, 4.00%.

We can solve interest rate problems using a financial calculator. To solve the problem in example of 7.12, enter the following keystrokes.

 The calculator shows the interest rate is 4%. 

*GORDON, RAEDY, SANNELLA, 2019, INTERMEDIATE ACCOUNTING, 2ND ED., PP. 327-329*

end

Rosary from Lourdes - 25/08/2023

Training Vlog: Day 300 of Year 2 of Operation Great Reset - Build Back B...

“Imagine North Korea in 2030, when every citizen has to wear a biometric bracelet 24 hours a day. If you listen to a speech by the Great Leader and the bracelet picks up the tell-tale signs of anger, you are done for.” ― Klaus Schwab, COVID-19: The Great Reset

Catholic Daily Mass - Daily TV Mass - August 24, 2023

Rosary from Lourdes - 24/08/2023

ROSARY NOVENA FROM LOURDES - 2023-08-23 - Rosary Novena from Lourdes - 2...

Catholic Daily Mass - Daily TV Mass - August 23, 2023

Training Vlog: Day 298 of Year 2 of Operation Great Reset - Build Back B...

“The sobering truth is that the heroes of the immediate COVID-19 crisis, those who (at personal risk) took care of the sick and kept the economy ticking, are among the worst paid professionals – the nurses, the cleaners, the delivery drivers, the workers in food factories, care homes and warehouses, among others.” ― Klaus Schwab, COVID-19: The Great Reset It was very hot today.

🌍 GROUNDING: Pure Tone | Root Chakra 228 Hz, Earth 194.18 Hz & Liberatio...

Seven Wonders of the Buddhist World | BBC

Rosary from Lourdes - 22/08/2023

Catholic Daily Mass - Daily TV Mass - August 22, 2023

ROSARY NOVENA FROM LOURDES - 2023-08-21 - Rosary Novena from Lourdes - 2...

Catholic Daily Mass - Daily TV Mass - August 21, 2023

Catholic Daily Mass - Daily TV Mass - August 20, 2023

Accounting: The Language of Business - Vol. 2 (Intermediate: Part 94)

Philosophy and science have not always been friendly toward the idea of God, the reason being they are dedicated to the task of accounting for things and are impatient with anything that refuses to give an account of itself. The philosopher and the scientist will admit that there is much that they do not know; but that is quite another thing from admitting there is something which they can never know, which indeed they have no technique for discovering.

Aiden Wilson Tozer

 Accounting and the Time Value of Money (Part G)

by

Charles Lamson 

Factor Table Solution. Table 7A.2 presents the factors for solving present value problems. Similar to table 7A.1 from Part 93, the number of compounding periods is found in rows of the table. Columns have the interest rate per period. The amount presented in the cell for each row and column is computed from the interest component of Equation 7.4 from Part 93 and reintroduced below. It is the factor for the present value of $1 for the given interest rate and number of periods. Equation 7.5 solves single-sum present value problems using the factors in Table 7A.2. 

(7.4)

Click to enlarge.

Refer to the factor that is in the row for the number of compounding periods and the column for the interest rate per compounding period. For example, the factor for a 3% interest rate and 10 periods is 0.74409.

The factors in Table 78.2 indicate that the PV is inversely related to N and I/Y. Example 7.9 illustrates the table approach.

Spreadsheet Solution. Spreadsheet applications such as Microsoft Excel provide a present value function in a spreadsheet cell as follows:

 = PV(I/Y,,N,PMT,FV,type)

For the present value of a single sum, we put a 0 in the third position because there are no periodic payments. Because the type defaults to zero, we do not need to include the last variable because this is not an annuity problem.

EXAMPLE 7.10 Present Value of a Single Sum: Spreadsheet Approach

Financial Calculator Solution. Finally, present value problems can be solved using a financial calculator. To solve the problem in Example 7.10, enter the following keystrokes.

These key strokes correspond to an inflow of $175,000 in 5 years at a 1% interest rate per compounding period and 60 compounding periods. The calculator shows the present value is $(96,328.68).

*GORDON, RAEDY, SANNELLA,, 2019, INTERMEDIATE ACCOUNTING, 2ND ED., PP. 324-326*

end

Rosary from Lourdes - 20/08/2023

Sat, Aug 19 - Holy Catholic Mass from the National Shrine of The Divine ...

Rosary from Lourdes - 19/08/2023

Catholic Daily Mass - Daily TV Mass - August 18, 2023

Rosary from Lourdes - 18/08/2023

Training Vlog: Day 293 of Year 2 of Operation Great Reset - Build Back B...

“Put in simple terms, in a post-pandemic world beset by unemployment, insufferable inequalities and angst about the environment, the ostentatious display of wealth will no longer be acceptable.” ― Klaus Schwab, COVID-19: The Great Reset

Catholic Daily Mass - Daily TV Mass - August 17, 2023

Rosary from Lourdes - 17/08/2023

Rosary from Lourdes - 16/08/2023

EWTN Norge Daily TV Mass – August 16, 2023

My Wheelchair Roadwork Training through the Fox Hill Neighborhood in St. Charles, Missouri, USA

This was a good day of wheelchair roadwork training for me. I started by getting in my manual wheelchair and pushing myself out into the Fox Hill Apts. bldg. 1 parking lot.

I ascended the hill leading out of the parking lot and turned left on to this sidewalk. But it was just to take a brief rest. I didn't really want to head in this direction. I wanted to turn around and ascend the rest of the way up to the very top of Fox Hill, and so I did.

Lo and behold. There it is. The very summit of Fox Hill in St. Charles, Missoouri, USA. I pushed onward in my ascent.

I turned right out of Fox Hill Apts. onto the sidewalk at the very top of Fox Hill Rd. This is a good shot from the sidewalk of the parking lot I ascended out of behind the Fox Hill Apartments sign. And in that building behind the sign is where I have lived for the last 21 years. 

I turned left and continued to head down the sidewalk that slowly descends Fox Hill at this point, but then gets much steeper further on. However, I didn't plan to go down that far this time out, since I am now just trying to build back strength, and I don't want to overdo it. 

So here I am slowly approaching the small neighborhood of villas, the entrance of which is up ahead and to the right, where that fence is.

This is a photo of the entrance of the villa neighborhood that borders Fox Hill Apts. on that side.

So, as mentioned above, I didn't want to wear myself out because overtraining has been an issue for me in the past and I did not want to injure my shoulder again with a tear or sprain, and because I also I wanted to save some strength for the final part of my journey, where I descend down into the Fox Hill Apts. bldg. 1 parking lot, because it is a rather steep decline down into the apartment complex from Fox Hill Rd., and I wrecked several times in the past going down that hill because I didn't save up enough strength for a slow, steady, controlled descent.

So, here I am slowly making my way up to the top of Fox Hill, yet again, with the neighborhood of villas down to the left.

This is a photo of the corner of North Randolf, heading off to the left and entering into Fox Hill Apts., and Fox Hill Rd. to the right, where the sidewalk crosses into the residential neighborhood on that side of the apartment complex.

I crossed the street and headed down the sidewalk a little of the way into that part of the Fox Hill neighborhood. At this point, my arms were starting to feel wobbly and weakened, so I just went up to that corner, and turned around and headed back home.

end

Training Vlog: Day 292 of Year 2 of Operation Great Reset - Build Back B...

“This could be one of the unexpected upsides of COVID-19 and the lockdowns. It made us more aware and sensitive about the great markers of time: the precious moments spent with friends and our families, the seasons and nature, the myriads of small things that require a bit of time (like talking to a stranger, listening to a bird or admiring a piece of art) but that contribute to well-being. The reset: in the post-pandemic era, we might have a different appreciation of time, pursuing it for greater happiness.” ― Klaus Schwab, COVID-19: The Great Reset Today was a great training day. The weather was overcast and the temperature was only in the upper 70s, which is great for the middle of August in Missouri. Awesome training weather. So I was able to ascend straight up the hill leading out of Fox Hill Apts. and explore a little bit of the Fox Hill neighborhood on both sides of the apartment complex, which is the furthest I've been able to go in months.