The Hagenbeck-Wallace Circus was the country's third largest circus during the early 1900s, and was considered to be the Midwestern version of PT Barnum's East Coast show. Trains were the transportation method of choice for many circuses, as they could travel faster and more efficiently, and therefore increase their number of shows (and consequently, their profits). However, there were a lot of new risks that came along with traveling by train. The Hagenbeck-Wallace Circus faced a number of devastating accidents in the early part of the 20th ercentury, including a couple of train crashes and a flooded river that wiped out many of their animals and much of their equipment. The disaster in 1918, however, was by far the worst. The video explains many of the specific details of the accident. It's also important to understand that the sleeper cars on trains were generally made of wood, and lighted by oil lamps. Upon impact, the oil lamps started a fire; many of the victims died within the first 30 seconds of the crash. Amazingly, the circus only missed two performances. Other circuses stepped up and provided equipment, performers, and extra crew members to help them finish out their season. Many of the victims were never identified, and there are still dozens who were never accounted for. The train engineer was charged with manslaughter, but the trial ultimately ended in a deadlocked jury and a mistrial. The prosecutor opted not to re-try the case, and all of the charges were dropped.

PROCESS JOURNAL (at least 300 words): What are your thoughts on the charges brought against the train engineer? Should anyone have been held responsible for this accident?

Background: According to museum collections from the early 1900s, the population of one beetle species in California’s central valley used to have individuals with different colors, including red, blue, yellow and brown. The beetles were found feeding on various native plants. 50 years after almond farming became widespread, most beetles were brown-colored and found living on the bark of almond trees. Observations indicate that birds are the primary predators of beetles.

Question: How and why did the population of beetles evolve to be primarily brown in color?

Your answer:

Sentence 1: Describe the variability that was initially present in the population.

Sentence 2: State which individuals in the population had the highest fitness during the event or change (if any), and why.

Sentence 3: Explain what evolutionary force acted on the population, and why and how it acted.

Sentence 4: Describe how the population evolved in response. Be as specific as you can (e.g., say “increased” or “decreased”, rather than just “changed”.)

Using the example of domestic labor in the 1800s and 1900s in England, explain how labor markets reallocated domestic servants to a wider range of industries over time.

1. Which of the following was nota major factor in explaining the decline of death rates in the U.S. in the late 19^thand early 20^thcentury?

a.  urbanization

b.  improvements in sanitation

c.  improvements in medical treatments

d.  Both a and c are correct.

2.

Research by James Smith indicates that the grandsons of Mexican males who immigrated to the U.S. in the early 1900s

a. have higher levels of education and higher salaries than their grandfathers.

b. have lower levels of education, but higher salaries than their grandfathers.

c. have about the same level of education as than grandfathers and similar salaries.

d. have lower levels of education and lower salaries than their grandfathers.

Explain why the principle of conservation of mass is not true for any process that releases energy (or requires energy input). Why didn't anyone predict or observe this until the 1900s?

Give examples of practical and theoretical math from 1700s,1800s,1900s. What was the interaction between the theoretical and the applied. What extent practical considerations at times get ahead of theoretical.

Case 18-1 Coffee Co.

Coffee Co. (the “Company”) is a global distributor of organic coffee beans and teas that is registered with the SEC in the United States. The Company’s operations are primarily located in the United States, Canada, and South America. In March 20X8, Coffee Co., looking to refocus efforts to only produce coffee products, entered into an agreement (the “Agreement”) with Nature’s Beverage, a food distributor in the United States looking to expand its international footprint (the “Transaction”). Nature’s Beverage is registered with the SEC in the United States.

Pursuant to the Agreement, Coffee Co. provided a sublicense to Nature’s Beverage for the distribution rights of Coffee Co.’s South American local tea brand, Herbal T, whereby Nature’s Beverage will distribute Herbal T in South America. Under the Agreement, Coffee Co. transferred the existing customer contracts in South America to Nature’s Beverage and an at-market supply contract with the producer of Herbal T. Coffee Co. retained all of its employees and distribution capabilities.

The Transaction closed on March 1, 20X8 (the “Closing”).

Additional Facts:

• Nature’s Beverage incurred certain costs to acquire the sublicense of the distribution rights and a license to use the Herbal T brand. The costs included legal, accounting, and other professional or consulting fees totaling $50,000.

• Nature’s Beverage agreed to transfer to Coffee Co. $3 million for the sublicense of the distribution rights of Herbal T.

• Assume both companies have adopted FASB Accounting Standards Update No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business.

  Required:

  1. Does the acquisition of the sublicense by Nature’s Beverage to distribute Herbal T meet the definition of a business?

  2. How should Nature’s Beverage account for the acquisition, including the treatment of the transaction costs? (Note that the response will be dependent on the response to Question 1.)

Case 18-1 Coffee Co. Coffee Co. (the “Company”) is a global distributor of organic coffee beans and teas that is registered with the SEC in the United States. The Company’s operations are primarily located in the United States, Canada, and South America. In March 20X8, Coffee Co., looking to refocus efforts to only produce coffee products, entered into an agreement (the “Agreement”) with Nature’s Beverage, a food distributor in the United States looking to expand its international footprint (the “Transaction”). Nature’s Beverage is registered with the SEC in the United States. Pursuant to the Agreement, Coffee Co. provided a sublicense to Nature’s Beverage for the distribution rights of Coffee Co.’s South American local tea brand, Herbal T, whereby Nature’s Beverage will distribute Herbal T in South America. Under the Agreement, Coffee Co. transferred the existing customer contracts in South America to Nature’s Beverage and an at-market supply contract with the producer of Herbal T. Coffee Co. retained all of its employees and distribution capabilities. The Transaction closed on March 1, 20X8 (the “Closing”). Additional Facts: • Nature’s Beverage incurred certain costs to acquire the sublicense of the distribution rights and a license to use the Herbal T brand. The costs included legal, accounting, and other professional or consulting fees totaling $50,000. • Nature’s Beverage agreed to transfer to Coffee Co. $3 million for the sublicense of the distribution rights of Herbal T. • Assume both companies have adopted FASB Accounting Standards Update No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business.

Required:

1. Does the acquisition of the sublicense by Nature’s Beverage to distribute Herbal T meet the definition of a business?

2. How should Nature’s Beverage account for the acquisition, including the treatment of the transaction costs? (Note that the response will be dependent on the response to Question 1.)

Coffee Co. (the “Company”) is a global distributor of organic coffee beans and teas that is registered with the SEC in the United States. The Company’s operations are primarily located in the United States, Canada, and South America. In March 20X8, Coffee Co., looking to refocus efforts to only produce coffee products, entered into an agreement (the “Agreement”) with Nature’s Beverage, a food distributor in the United States looking to expand its international footprint (the “Transaction”). Nature’s Beverage is registered with the SEC in the United States. Pursuant to the Agreement, Coffee Co. provided a sublicense to Nature’s Beverage for the distribution rights of Coffee Co.’s South American local tea brand, Herbal T, whereby Nature’s Beverage will distribute Herbal T in South America. Under the Agreement, Coffee Co. transferred the existing customer contracts in South America to Nature’s Beverage and an at-market supply contract with the producer of Herbal T. Coffee Co. retained all of its employees and distribution capabilities. The Transaction closed on March 1, 20X8 (the “Closing”).

Additional Facts:

• Nature’s Beverage incurred certain costs to acquire the sublicense of the distribution rights and a license to use the Herbal T brand. The costs included legal, accounting, and other professional or consulting fees totaling $50,000. • Nature’s Beverage agreed to transfer to Coffee Co. $3 million for the sublicense of the distribution rights of Herbal T. • Assume both companies have adopted FASB Accounting Standards Update No. 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business.

Required:

1. Does the acquisition of the sublicense by Nature’s Beverage to distribute Herbal T meet the definition of a business?

1. Identify the issue (s).

2. List the alternatives in response to the issue (s) if there are any.

3. Identify and summarize the relevant professional pronouncements (ASC 805-10-55)

4. Explain how these pronouncements apply or relate