The Arab Conquest As A Divine Prophecy - 880 Words

In the years of the Byzantine Empire, they experienced a stressful shift between the 5th and 7th century. A shift forced unto them by their god, believed to be a divine prophecy, a punishment for their Christian sins. For centuries Christian authors and theologians analyzed and made attempts to make sense of this prophecy. Many patriarchs made connections with events from the Old Testament and not only seeing parallel symbols, but being more self aware of the people and their actions. Questioning the Muslims and their success along with the failures of defense. The early Byzantine authors described the Arab Conquest as a â€Å"divine prophecy†. In a way, a punishing karma for the poorly followed principles of the Byzantine Christians as they explain. At the fore front of confliction, the beginnings of the Arab Conquest, Patriarch Sophronius of Jerusalem gave a sermon on Christmas in the year 634. At this time, the Arabs had occupied much of Palestine and Bethlehem, this prevented the Christian pilgrims from visiting the scene of the Nativity for the first time in ages, this made a deep impact on the Byzantine bishop and theologian Sophronius. For Sophronius sermon, he found many scriptures within the Old Testament paralleling the current situation of Christians further connecting with this â€Å"divinely sent punishment for Christian sins† (139). â€Å"Because of countless sins and very serious faults, we have become unworthy of the sight of Bethlehem.... bound by fear of theShow MoreRelatedSighs of the Day of Judgement According to Islam4010 Words   |  17 Pageslate into the night * When the last ones of the Ummah begin to curse the first ones * People will claim to follow the Quran but will reject hadith amp; sunnah * People will believe in the stars * People will reject al-Qadr the Divine Decree of Destiny * Time will pass rapidly * Good deeds will decrease * Smog will appear over cities because of the evil that they are doing * People will be carrying on with their trade, but their will only be a few trustworthyRead MoreBible 104 Worldview Essay6535 Words   |  27 PagesThe book of Judges introduces us to the long years of Israel’s struggle to maintain control of the Promised Land and serves as the transition from the conquest to the kingdom. It deals with events following Joshua’s death (c. 1380 BC) The main body of the story revolves around six cycles of apostasy, repentance, and deliverance. God intervenes time and again to rescue the struggling Israelites from military oppression, spiritual depression, and ethnic annihilation. The book of Judges derives itsRead Moreghjfg6018 Words   |  25 Pagesbrought unbounded surprise; to others, over wide area, it brought the Schaden Freude of the bitterly hurt; but most of us, I judge, looked on silently and sorrowfully, in sober thought, seeing sadly the prophecy of our own souls. Here is a civilization that has boasted much. Neither Roman nor Arab, Greek nor Egyptian, Persian nor Mongol ever took himself and his own perfectness with such disconcerting seriousness as the modern white man. We whose shame, humiliation, and deep insult his aggrandizementRead Morehistory of philosophy5031 Words   |  21 Pagesstill being pursued today - is  Socrates, who studied under several Sophists. It is said that following a visit to the  Oracle of Delphi  he spent much of his life questioning anyone in Athens who would engage him, in order to disprove the oracular prophecy that there would be no man wiser than Socrates. Through these live dialogues, he examined common but critical concepts that lacked clear or concrete definitions, such as beauty and truth, and the virtues of piety, wisdom, temperance, courage, andRead MoreLogical Reasoning189930 Words   |  760 Pagesits long history of European culture. He brought new technology and new religion that spread throughout the hemisphere. He sent attack dogs to maul naked Indians, seized Caribbean women as sex slaves, and disemboweled other natives who resisted conquest. Many were hanged, some were burned alive. He chopped off the hands of thousands who were slow in producing the gold he wanted. Many Arawak Indians responded by committing a series of mass suicides. He shipped 500 Arawak Indians back on EuropeRead MoreDeveloping Management Skills404131 Words   |  1617 Pagesâ€Å"courageous† were held in the highest esteem by managers from all 12 nations, but signiï ¬ cant national differences were found on 75 percent of the values (Bigoness Blakely, 1996). Another study of 658 Egyptians, 132 Americans, 43 Africans, and 101 Arabs found signiï ¬ cant national differences on both instrumental and terminal values, with Egyptians being least like Americans (Elsayed-Elkhouly Buda, 1997). In a national study of 1,460 American managers, Schmidt and Posner (1982) assessed which of these

Why We Should Have Year-Round Schooling - 771 Words

Have you ever wondered why teachers take a whole month to review everything from the previous year or why students tend to forget everything? Every year, students are keeping their calendars at hand and counting down the days until summer vacation. It’s the last day of school and when the final bell rings, kids are ready to do nothing for three months. However, is this really a good thing? The possibility of having year-round schools is at hot debate topic right now and it is time for change from traditional calendar schools. Schools should incorporate a system where schooling is year-round instead of having a long summer break because this allows for more learning and would prevent the problem of students forgetting everything they’ve†¦show more content†¦However, some people argue that having a system of a year-round school year is not very beneficial. Although there are many studies that support year-round schooling, there are also many studies that don†™t. Many recent studies have found no significant connection between year-round schooling and improved student achievement. For example, a review of 39 studies found that modified school calendars have very small, insignificant, effect on achievement (Cooper, et al., 2003). Another argument that is made for having a traditional calendar is that despite year-round schooling generating strong feelings, it can also generate negative feelings in that it is disrupt to family life. Having a traditional calendar allows families to spend valuable time together and go on a well needed vacation. The traditional calendar allows students to relax and refresh themselves and get ready for next year. As a student, this issue affects me immensely as I experience the results firsthand. From personal experience, I can say that year-round schooling is much better because after every summer, my peers and I tend to forget most of what we’ve learned, causing teachers to spend valuable teaching time to review with us. I also believe that during the many days that we have summer vacation; we could learn a lot more. Although many people view summer vacation as a time to spend valuable time with family, fromShow MoreRelatedEssay On Year Round School722 Words   |  3 Pages Year round schooling should be a thing. The time we leave school and go back to school is crazy now we get about a month off and when we leave we forget everything we have learned the past year. Its preposterous and repetitive, why forget everything we learned and struggle to relearn it when we could just stay in school. Most kids are against it because they dont want to lose their summer vacation but when it com es down to it, youd get more time off and more breaks if you had year round schoolingRead More Year Round Schooling Speech Essay examples642 Words   |  3 PagesYear Round Schooling Speech Have you ever thought about what life would be like having to go to school year round? Well kids today feel that with all the pressure and work they have during the school year, they need the 3 month break time period in order to regroup themselves and have a change of scenery. Year round schooling in the past few years has become a trend that is sweeping the nation, and I am going to tell you why year round schooling IS NOT a way to send the children of AmericaRead MoreWhy Year Round School Is More Harm Than Good978 Words   |  4 Pagessummer break. They are so excited for the first day of class that they have to get all new school supplies. They wake up extra early and are ready to learn on that first day. If school was all year round, I believe students would never look forward to school and would affect their learning. Therefore, in my opinion, I do not believe school should be year round. Why Year Round School Is More Harm Than Good Year round schooling is a topic that is emerging widely throughout the United States in thisRead MoreGraduation Speech : Year Round Schooling1478 Words   |  6 PagesYear-Round Schooling Why were schools traditionally set up to give students the summer off? When schools started, most of the students came from a farming family and they needed to be out of school to help on the farm. Many people know that there are not as many students coming from farming families today, so why do most schools still operate on this schedule? While some parents believe that year-round schooling decreases family time and causes student burn out, in reality, frequent breaks providedRead MoreThe Traditional School Calendar and The Introduction of a Year-Round Education1309 Words   |  6 Pagesremember, schooling has been based on a ten-month calendar. Although it was established for an agricultural society it is still extremely common in today’s urban society. The introduction of year-round education, though it clearly makes more sense for todays students, is still a relatively new concept and therefore is subject to a lot of speculation. With benefits such as, remediation, better chances for high-risk and ESL students, economic benefits, and more structure/stability it is a mystery why someRead MoreThe Length Of School Calendar1559 Words   |  7 Pageshow developed we are considered to be. Several solutions have been proposed: get rid of standardized tests all together, fire all teachers who students test low, or implement a different school calendar. Clearly action needs to be taken to solve this issue. Unless the government can pick one way to go about fixing this; nothing will change. After doing some intense research, year-round school would be the simplest and most beneficial solution to the problem. Year round education should be mandatoryRead MoreAdvantages And Disadvantages Of Year Round Schooling1067 Words   |  5 PagesProfessor Kluttz English 3 28 July 2017 The Advantages of the Year-Round Schooling Calendar The discussion of the year-round schooling calendar versus the traditional schooling calendar has been ongoing for some time. There have been many discussions and debates about the advantages and disadvantages of both. The amount of school districts across the United States that have switched to year-round calendars has increased drastically. The year-round calendar provides students with more frequent breaks ofRead MoreYear Round Schooling Is Better Than Traditional Schooling1599 Words   |  7 Pages Year Round Schools Versus Traditional Schools By: Shaun Herman Shaun Herman 4/11/2016 Task 2 Year round schooling is better than traditional schooling because, the summer retention is much higher, special education and english language learners benefit much more, end of the year test scores are higher and the year round school calendar fits our culture more now than it used to with the traditional school year. As an education major with a focus in special educationRead MoreYear Round School Essay1252 Words   |  6 PagesYear-round Schools The possibility of year round schools has been a hot debate topic for quite some time. The question is, is the idea of year round schools acceptable considering all the potential drawbacks? Year round schooling can be disruptive to both the family of the students and the teachers themselves, it can be too costly for a large group of people, and year round schools do not provide the same opportunity for learning as the traditional school year does. For several reasons, theRead MoreEssay about Year Round School1235 Words   |  5 Pages Year-round Schools nbsp;nbsp;nbsp;nbsp;nbsp;The possibility of year round schools has been a hot debate topic for quite some time. The question is, is the idea of year round schools acceptable considering all the potential drawbacks? Year round schooling can be disruptive to both the family of the students and the teachers themselves, it can be too costly for a large group of people, and year round schools do not provide the same opportunity for learning as the traditional school year does

Path of Accounting Free Essays

The career field I chose is finance. In a career of finance there are a number of different tasks I would potentially have to do. Accountants and other jobs in the field of finance have to keep track of money and records of companies. We will write a custom essay sample on Path of Accounting or any similar topic only for you Order Now In finance you mainly provide financial services to businesses. It may require one to give advice to executives of businesses on better ways to operate their business. To have a Career in finance it is a must to be good at math and great at dealing with/analyzing numbers and data. If you are not good at math or with numbers then being is good in this career will be nearly impossible because you won’t be able to analyze the data you are presented with, which will probably make everything seem foreign because you lack understanding. Most importantly, a career in finance requires honesty. Having access to other people’s and other businesses’ money is a serious task to be placed with. That responsibility is not one to be lightly or one that allows the chance for mistakes. My career goal is to be a financial accountant. I have wanted to be an accountant as long as I can remember. I’ve always wanted to be an accountant because I am good at math. To be an accountant my career field would have to be finance and I could choose business and management, but I would definitely have to do finance. Finance and accounting is offered at every university, so I wouldn’t really have finding a school. The job requirement of an accountant is all dealing with finance. As an accountant, it is your job to provide financial information to the management you work for. To do this, an accountant researches and analyzes data and has to prepare reports for the company. Keeping track of the financial records on the company is also a part of being an accountant. Another point of emphasize is the importance of interning at a bank or business to gain experience in the field of accounting. I would most likely be an accountant in the states of New York, Ohio, or Wisconsin. I would like to work not too close to Chicago, but not too far away either. According to US News.com the monthly salaries in the states of Wisconsin and Ohio are $4, 052 and $3,812 respectively. In New York the monthly salary is $7,476. The highest salary  for an accountant is in New York at $89,720 followed by New Jersey and San Francisco at $87,120 and $86,230 respectively. Other forms of accountants I am interested in is being a forensic accountant and management accountant. As a forensics accountant it is ones job to analyze and access data to help solve crimes. It also requires you to detect any signs or forms of fraud that could lead to anything. Watching show many crime shows have shed lights on forensic accounting for me, which is why I have become so interested in it. Being a management accountant is much like a financial accountant. I would just work with the managers of businesses or corporations more often and provide them with information to help them make the right decision to benefit their company. I would just come up with all the strategies to help improve the company than work with the manager to get the right decision made, so my work space would be different. Instead of being at a desk on a computer I would have to make representation of data in charts on boards, computer, poster, and etc. This would also result in me spending time in the meeting rooms with executives and managers than other accountants would. The semester credits I am requires to earn depends on what the college itself requires, although most colleges will require me to have 150 semester credits from a university according to Accounting Coach â€Å"CPA requirements†. After I gain enough credit myself and anyone else striving to become an accountant is required to take the CPA exam and cannot begin working as an accountant until they pass it. The CPA exam is followed by an Ethic Exam and they both really test on if one’s readiness for a career in accounting. After passing these two test which are both advised to take as soon as one can while all the info is still fresh, you can start your career in accounting. An accountant usually work twelve hour shifts in their place of business at an computer analyzing data, consulting with managers, or studying data that is given to them, which can be boring if you don’t enjoy math. One of the colleges I am interested in attending to become an accountant is The Ohio State University located in Columbus, Ohio. According to Forbes Top Collges.com the GPA requirement for is a 3.6 and the ACT requirement is about a 26 with that being the average. Another of their requirements is for incoming students have to at least have taken two years of a foreign language class, preferably the same language, so that they be fluent in one language instead of mediocre in many. The cost of tuition and  fees at The Ohio State University is $26,726 and when you include books, room and things it all adds up to $44,215. Being such a big school Ohio State accepts 64% of its applicants and 93% of freshman return for their second year. The four year graduation rate is 51% and the six year graduation rate is 80%. Graduation rate for African American students is 73%. My second school is Stanford University which is located in Stanford, California. In Stanford University pamphlet the average GPA and ACT scores for people accepted into Stanford is a 3.6 and a 31. Tuition is $43,245 and student population is large at 17, 833 with 52% being males and 10% being African Americans. The big fact is Stanford on accepts about 8% of its applicants and of those they accept 98% return after their first year. The four year graduation rate is 80% and the six year graduation rate is 93% which I didn’t know was higher than Ohio State’s because of how tough a school it is. The graduation rate for males is 94% and 92% for African Americans. The last school I selected is the University of Wisconsin-Madison which is located, exactly where the name of the school says, Madison, Wisconsin. The University of Wisconsin and Ohio State is like I said about the job, I would like to attend school not too far from Chicago, but not too close either. Forbes Top Schools.com shows that the total population is 41,946 with 46% of that being males and 3% being African Americans. The cost for tuition is $40,012. The average GPA is a 3.4 and for my desired major it is 3.5 while the average ACT is a 26. 94 of its students come back for their second year, while the transfer rate is 12%. The four year graduation rate is 52% and the six year graduation rate is 80%. The graduation rate for males at the University of Wisconsin is 82% and the graduation rate for African American students is 78%. My end goal is to become a financial accountant after college. I know attending The Ohio State University will definitely help me achieve this goal because they have one of the better accounting programs in the country. I’ve gotten to visit the school and sit in on an accounting class, so I have first-hand experience of what it’s like. Out of the information and things I learned about all three schools I picked, The Ohio State University is the most appealing to me. Having over 90% graduation rates for males and African Americans is the numbers that really jump out at me, but that doesn’t mean if I go to The Ohio State University that the journey will be easy. It may  be the best fit or my top choice, but there are still obstacles like the size of Ohio State. A school with over 55,000 students will be a big adjustments from anywhere, but I have just have to keep looking ahead to my end goal. The next step I need to take in order to reach my goal is continue to develop my skills not only in math, but also work to improve my ACT score so I can get what I need to be accepted into Ohio State. I already have a lot of skills that I need to pursuit my career like being superb in math, great at analyzing data, and dealing with charts and graphs. I feel I have great self-discipline which I believe everyone must have before they even think of going to college, but I still need to greatly improve in lots of things. I must continue to work on my social skills because being at college with thousands of college can be even more difficult than it already will and I will work to be better at not procrastinating because at times I may wait for the last moment to do things because it seems easy or I get too confident with my ability to do work quick, so I put it off until the last minute. I need to continue to stay focused and take advantage of the many opportunities  I have presented to me. This includes ACT prep, college visits, extra-curricular activities, and any other program offered to me. Though, my most important thing to do to help me achieve my goal right now it to just simply focus on what I need to do right now in high school because that is what’s most important right now. I can face my care path and continue to work closer to my end goal when I get to that point, but I still have to get to that step and I must finish high school to do it. While researching for this project I realized all the information I’ve had to research is nothing, but beneficial to me and achieving my goals. I’ve learned things about these colleges I didn’t know and learned of what is required of me to get accepted into the colleges of my choosing and what is required of me to strive in the career of my choosing. The process of doing this paper has helped me to learn of all the things I still need to work on and what I still need to achieve. Before this paper I thought I knew everything of what was required to be an accountant an attend the colleges of my choice, but doing this project has shed light on things I didn’t know and informed me that there are still things I still need to learn more about and continue to work on because I’m not where I need to be yet. There are many obstacles in place that I still  must face and overcome before I can reach my end goal of becoming a financial accountant, but doing this project has made the long journey to achieving my goal that I have ahead a lot easier than it would’ve been. How to cite Path of Accounting, Papers

Management Accounting Various Product Divisions

Question: Describe about the Management Accounting for Various Product Divisions. Answer: Introduction The companies and large business entities with multiple divisions transfer products among various divisions. The products are transferred at a price, which is known as transfer price. The transfer price is useful and serves various important purposes. There are different types of transfer pricing methods. In this report, an attempt is made to discuss the meaning of transfer price, different types of transfer price, use and purpose of transfer price (DRURY 2013). Transfer price Meaning The price at which divisions within the company transacts with each other is known as Transfer price. For example, supply of labor or stock from one department to another at a particular price is an example of transfer price. The transfer prices are mostly used by entities that has large and diverse operating units and each units run as a separate entity. Transfer prices are also known as transfer cost (Weygandt et al. 2015). In case of multi unit entities, each division is responsible for their own profit. In managerial accounting the return on invested capital for each division are calculated so it is important that when divisors transacts with each other a transfer price is established to determine the cost (Ward 2012). A close proximity is maintained between transfer price and market price because huge difference in price will adversely affect the performance of the transferor division whereas transferee division will gain. This will not reflect the actual performance of the divisions. Types of transfer pricing The various types of transfer price that can be used are given below: Transfer price based on Market rate The simplest method of determining transfer price is to use the market rate. The market based transfer price is not suitable in case of product that have unique nature. It is also possible that the division can earn highest possible profits rather than being subject to mandated pricing schemes (Soin and Collier 2013). Adjusted market rate transfer price If the direct application of market rate as transfer price is not appropriate then necessary adjustments should be made in the market price. This adjusted market price then can be used as transfer price. Negotiated transfer price If the market price is not readily available then in such cases the divisions should negotiate the transfer price. This can happen for products that have very small market or the product is highly customized. The price is determined the negotiating skills of the respective divisions (Otley and Emmanuel 2013). Contribution margin transfer pricing If there is no available market price then the transfer price could be determined by based on the contribution margin of the component. Cost plus transfer pricing The transfer price could be determined based on the component of cost that is to transferred. The procedure to determine the transfer price under this method is to add all the component of costs and then a profit is margin is added with the cost. It is useful for deterring transfer price where there is no available market price (Taipaleenmki and Ikheimo 2013). Cost based transfer pricing When one division transfers product to another division at costs then it is referred to as cost based transfer pricing. Under this method, the final division that sells the goods to the customer will recognize the entire profit (Bessis and O'Kelly 2015). Use of different types of transfer price The above discussion shows that there are different types of transfer pricing methods. In order to determine the most appropriate method the following criteria is used: The transfer price should be determined objectively; The transfer price should appropriately reflect the value of the transferred product; The transferring division should be appropriately compensated; The transfer should be compatible with the overall company goals and policy; There are different types of transfer price that are used so that the company can choose the appropriate method by fulfilling the above criteria. Use/ Function of transfer price The most essential functions and use of transfer price are: The transfer price is useful in profit allocation among various divisions. This helps to assess the performance of the various departments. The transfer price is useful for coordination and guidance if the division. The transfer pricing is useful in determining cost that is used for decision-making and justification of price. The transfer price is also useful for external regulatory purpose especially for income statement and balance sheet. The transfer price because of its simplification is used for determining budget. Purpose of transfer price The transfer price serves various purposes as given below: The transfer prices are necessary for determining divisional profits when the product are transferred from one division to another in a decentralized entity. The transfer price helps to evaluate the performance of the divisions. In case of companies where the managers have the authority to purchase product externally or internally then in such cases the transfer price helps to evaluate the performance of the managers. It also helps to determine whether the performance incentives of the managers are in line with that of the company (Collier 2015). The transfer price becomes relevant in calculating income tax if multinational companies transfer the products across international borders. Conclusion The discussion above has highlighted the importance of transfer price. It can be concluded that transfer-pricing system serves an important purpose in the multi divisional entities and multinational corporations. Part B. a The Transfer prices are the prices charged by one division for transferring product to another division of the same organization. There are various methods for determining transfer price and one of such method is to base the transfer price on actual costs. It is not appropriate to use the actual cost as transfer price because the inefficiencies of the production department might be transferred to receiving departments (Braun et al. 2013). As the products are transferred at cost, so the production department will not have any incentives to reduce such inefficiencies. The goals of an organization are to achieve efficiency in operation and the use of transfer price based on actual costs does not helps the organization to achieve this objective. The cost based transfer price does not motivate management, as there are no incentives for controlling costs. The cost-based transfer pricing does not help in maintaining sub unit autonomy as the transfer price are rule based (Warren et al. 2013) . Therefore based on the above discussion it can be concluded that total actual cost, as transfer price is not appropriate because the performance of the divisions cannot be evaluated effectively. b. Statement showing Contribution Margin Particulars Cleaning Scraping Division Processing Division Units 400000 400000 Market Price $ 95.00 $ 160.00 Sales $ 38,000,000.00 $ 64,000,000.00 Less: Variable costs Direct Material $ (7,200,000.00) $ (2,000,000.00) Inter Divisional Transfer $ (38,000,000.00) Direct labor $ (4,800,000.00) $ (4,000,000.00) selling cost $ (2,000,000.00) $ - Manufacturing Overhead $ (12,000,000.00) $ (4,000,000.00) contribution $ 12,000,000.00 $ 16,000,000.00 Less: Fixed Costs manufacturing overhead $ (4,000,000.00) $ (6,000,000.00) Net profit $ 8,000,000.00 $ 10,000,000.00 Contribution Per unit $ 30.00 $ 40.00 Net profit per unit $ 20.00 $ 25.00 c. In the negotiated transfer price, the price is determined by informed bargaining by the divisions. The negotiated transfer price provides autonomy to the divisions. This system provides better information about the costs and benefits. In order to determine the transfer price under this method it is important to ascertain the acceptable transfer price of both the selling and buying division (Seuring and Goldbach 2013). If the transfer price is below the costs incurred by the selling division then the selling division will incur loss. In such case the selling division will not agree to transfer product and if the transferring division is required to transfer product at such price in accordance with the company policy (Demski 2013). Then such method will promote inefficiency among the selling division as there as there will be no incentive for controlling costs. Further, as the product can be sold in the open market if the buying department does not give the market price or higher then transferor division will sell the product in the open market. The acceptable transfer price for selling division will be the price that includes all the variable costs, fixed costs and opportunity costs. In this case, the acceptable transfer price for cleaning and scraping division will be market price less the selling cost of the product (Maher et al. 2012). The selling price of the product is $95.00 and variable sell ing expenses is $5.00 so $90.00 will be appropriate transfer for selling division. Therefore, the acceptable price range for selling division is $90.00 to $95.00. If the transfer price is set too high by the selling division then for the buying division earning profit will be difficult. The buying division will always look for purchasing at lower price so that it can increase its profitability. If the transfer set by the selling department is more than the market price then the buying department will purchase it from the market (Maher et al. 2012). Therefore, the acceptable transfer price range for the buying division will be market price of $95.00 or less. d. The company that has multiple divisions and transfers product from one division to another is required to establish a transfer price. The objective of the management is to set a transfer price that encourages goal congruence among all the mangers of the divisions that are involved in the transfer. In order to maximize the overall profit of the company the guideline for each divisions are provided in the general transfer-pricing rule. The general transfer-pricing rule is to add opportunity cost with the variable cost of the product. Two scenarios are possible with the general transfer-pricing rule this are when there is excess capacity and when there is no excess capacity (Gray 2014). In case where there is excess capacity there is no opportunity cost so the transfer price will be variable cost of the division. Where there is no excess capacity in that scenario opportunity cost is added with the variable cost in order to determine the transfer price. The opportunity costs are revenue that is for gone for internal transfer of the product. The general transfer price rule is applicable when there is available market price. The calculation of transfer under two scenarios is given below: Calculation of Transfer price Particular Excess capacity No excess Capacity Total variable Costs $ 60.00 $ 60.00 opportunity Costs $ 30.00 Transfer price $ 95.00 $ 60.00 The minimum transfer price that is acceptable is $60.00. The management of the Cleaning and scraping division will not prefer this as the transfer price as the company will lose an opportunity cost of $30.00. The management will prefer the market price or the price of $90.00 after deducting variable costs on sales. The management will prefer higher price because it will affect the profitability of the division. The performance and the cost control measure that are undertaken by the company in order to compete in the market will not be reflected in the transfer price (Kinney et al. 2012). This will adversely affect the performance of the division as they will be not be motivated to reduce costs. As a result, the management will not prefer the transfer price that is below market price. Reference Bessis, J. and O'Kelly, B., 2015.Risk management in banking. John Wiley Sons. Braun, K.W., Tietz, W.M. and Harrison, W.T., 2013.Managerial accounting. Pearson. Collier, P.M., 2015.Accounting for managers: Interpreting accounting information for decision making. John Wiley Sons. Demski, J., 2013.Managerial uses of accounting information. Springer Science Business Media. DRURY, C.M., 2013.Management and cost accounting. Springer. Gray, S.J. ed., 2014.International accounting and transnational decisions. Butterworth-Heinemann. Kinney, M.R. and Raiborn, C.A., 2012.Cost accounting: Foundations and evolutions. Cengage Learning. Maher, M.W., Stickney, C.P. and Weil, R.L., 2012.Managerial accounting: An introduction to concepts, methods and uses. Cengage Learning. Maher, M.W., Stickney, C.P. and Weil, R.L., 2012.Managerial accounting: An introduction to concepts, methods and uses. Cengage Learning. Otley, D. and Emmanuel, K.M.C., 2013.Readings in accounting for management control. Springer. Seuring, S. and Goldbach, M. eds., 2013.Cost management in supply chains. Springer Science Business Media. Soin, K. and Collier, P., 2013. Risk and risk management in management accounting and control.Management Accounting Research,24(2), pp.82-87. Taipaleenmki, J. and Ikheimo, S., 2013. On the convergence of management accounting and financial accountingthe role of information technology in accounting change.International Journal of Accounting Information Systems,14(4), pp.321-348. Ward, K., 2012.Strategic management accounting. Routledge. Warren, C.S., Reeve, J.M. and Duchac, J., 2013.Financial managerial accounting. Cengage Learning. Weygandt, J.J., Kimmel, P.D. and Kieso, D.E., 2015.Financial Managerial Accounting. John Wiley Sons.