Idealism

at
Categories
Tags

 

 

Idealism refers to behavior or thought that is based on a conception of things as they should be or as one would like them to be. Realism is sometimes described as “warts and all,” existing in fact rather than something imagined. What are some contemporary examples that utilize idealism? Are the purposes the same as those of the Classical Greeks? Why do you think Romans developed realistic portraiture? What are some contemporary examples that utilize realism? Which do you prefer, realism or idealism?

 

Sample Solution

Idealism

Idealism is the metaphysical view that associates reality to ideas in the mind rather than to material objects. It lays emphasis on the mental or spiritual components of experience, and renounces the notion of material existence. One example of contemporary art that uses idealism is Jill Harrison Nichol`s painting of the seashore. This painting is intended to be what most would idealize a perfect day at the beach would look like. Realism is a theory that claims to explain the reality of international politics. It emphasizes the constraints on politics that result from humankind`s egoistic nature and the absence of a central authority above the state. The origin of the realism of Roman portraits may be, according to some scholars, because they evolved from wax death masks. These deaths masks were taken from bodies and kept in a home alter. Besides from wax, masks were made from bronze, marble and terracotta.

cost of goods sold, however, the account is also affected by the $10,000,000 decrease in sales. The net retained earnings is $3,000,000 less if 5000 units are sold in the first quarter rather than 10,000 units. The sales reduction is calculated by taking the difference between the 10,000 units sold sales ($20,000,000) from the 5000 units sold sales ($10,000,000). The decrease in sales also decreases the cash and/or accounts receivable balance by $10,000,000.

For Quarter 2, Merrimack Tractors and Mowers sold 20,000 units instead of 10,000 units which causes the inventory on the balance sheet to decrease by $11,500,000. This is calculated through subtracting the $15,000,000 cost of goods sold of the 10,000 units from the $26,500,000 of the 20,000 units. Since the cost of goods sold expense is higher with selling more units, the retained earnings account on the balance sheet will be $11,500,000 less, but $20,000,000 more with higher sales. This creates a $8,500,000 net increase in retained earnings. The $20,000,000 in sales also increases cash and/or accounts receivable.

During Quarter 3, 10,000 units are sold, thus there are no changes to the balance sheet. Inventory, retained earnings, and cash/accounts receivable remain the same.

Quarter 4 has a similar change as in Quarter 1. The inventory increases by $8,500,000 since 500

This question has been answered.

Get Answer