Biography of Ruth Handler, Inventor of Barbie Dolls

Ruth Handler (November 4, 1916–April 27, 2002) was an American inventor who created the iconic Barbie doll in 1959 (the doll was named after Handlers daughter Barbara). Barbie was introduced to the world at the American Toy Fair in New York City. The Ken doll was named after Handlers son and was introduced two years after Barbie debuted. Handler was the co-founder of Mattel, a company that manufactures a variety of popular toys. Fast Facts: Ruth Handler Known For: Handler founded the toy company Mattel and invented the Barbie doll.Born: November 4, 1916 in Denver, ColoradoParents: Jacob and Ida MoskoDied: April 27, 2002 in Los Angeles, CaliforniaSpouse: Elliot Handler (m. 1938-2002)Children: 2 Early Life Handler was born Ruth Marianna Mosko on November 4, 1916, in Denver, Colorado. Her parents were Jacob and Ida Mosko. She married Elliot Handler, her high school boyfriend, in 1938. Mattel With Harold Matt Matson, Elliot created a garage workshop in 1945. Their business name Mattel was a combination of the letters of their last and first names. Matson soon sold his share of the company, so the Handlers, Ruth and Elliot, took full control. Mattels first products were picture frames. However, Elliot eventually started making dollhouse furniture from picture frame scraps. That proved to be such a success that Mattel switched to making nothing but toys. Mattels first big-seller was the Uka-a-doodle, a toy ukulele. It was the first in  the line  of musical toys. In 1948, the Mattel Corporation was formally incorporated in California. In 1955, the company changed toy marketing forever  by acquiring the rights to produce the popular Mickey Mouse Club products. The cross-marketing promotion became common  practice  for future toy companies. In 1955, Mattel released  a  successful patented toy cap gun called the burp gun. Invention of Barbie In 1959, Ruth Handler created  the Barbie doll. Handler would later refer to herself as Barbies mom. Mattell founders Ruth and Elliott Handler with a barbie doll. Courtesy of Mattel   Handler watched her daughter Barbara and friends playing with paper dolls. The children used them to play make-believe, imagining roles as college students,  cheerleaders,  and adults with careers. Handler aspired  to invent a doll that would better facilitate the way young girls were playing with their dolls. Handler and Mattel introduced Barbie, the teenage fashion model, to skeptical toy buyers at the annual Toy Fair in New York on March 9, 1959. The new doll was very unlike the baby and toddler dolls that were popular at the time. This was a doll with an adult body. What was the inspiration? During a family trip to Switzerland, Handler saw the German-made Bild Lilli doll in a Swiss shop and bought one. The Bild Lilli doll was a collectors item  and  not intended for sale to children; however, Handler used it as the basis for her design for Barbie. The Barbie doll’s first boyfriend, the Ken Doll, debuted two years after Barbie in 1961. Handler said Barbie was a symbol of freedom and possibility for young girls and women: â€Å"Barbie has always represented that a woman has choices. Even in her early years, Barbie did not have to settle for only being Ken’s girlfriend or an inveterate shopper. She had the clothes, for example, to launch a career as a nurse, a stewardess, a nightclub singer. I believe the choices Barbie represents helped the doll catch on initially, not just with daughters—who would one day make up the first major wave of women in management and professionals—but also with mothers.† The Story of Barbie Handler created a personal story for the very first Barbie doll. She was named Barbie Millicent Roberts and she was from Willows, Wisconsin. Barbie was a teenage fashion model. Now, however, the doll has been made in many versions connected to over 125 different careers, including president of the United States. Barbie came as either a brunette or blond, and in 1961, a red-headed Barbie was released. In 1980, the first African-American Barbie and Hispanic Barbie were introduced. The first Barbie was sold for $3. Additional clothing based on the latest runway trends from Paris were sold as well for between $1 and $5. In 1959, the year Barbie was released, 300,000 Barbie dolls were sold. Today, a mint condition #1 Barbie doll can fetch as much as $27,000. To date, more than 70 fashion designers have made clothes for Mattel, using in excess of 105 million yards of fabric. There has been some controversy over Barbies figure ever since it was realized that if the doll were a real person, her measurements would be an impossible 36-18-38. Barbies real measurements are 5 inches (bust), 3 1/4 inches (waist), and 5 3/16 inches (hips). Her weight is 7  ¼ ounces, and her height is 11.5 inches. In 1965, Barbie had bendable legs and eyes that opened and shut. In 1967, a Twist N Turn Barbie was released that had a movable body that twisted at the waist. The best-selling Barbie doll of all time was the Totally Hair Barbie of 1992, which had hair from the top of her head to her toes. Other Inventions After fighting breast cancer and undergoing a mastectomy in 1970, Handler surveyed the market for a suitable prosthetic breast. Disappointed by the options available, she set about designing a replacement breast that was more similar to a natural one. In 1975, Handler received a patent for Nearly Me, a prosthesis made of material close in weight and density to that of natural breasts. Death Handler developed colon cancer in her 80s. She died on April 27, 2002, at the age of 85. Handler was survived by her husband, who died on July 21, 2011. Legacy Handler created one of the worlds most successful toy companies, Mattel. Her Barbie doll is one of the most popular and iconic toys in the world. In 2016, the Museum of Decorative Arts in Paris had a Barbie show featuring hundreds of dolls alongside artworks inspired by Barbie. Sources Gerber, Robin.  Barbie and Ruth: the Story of the Worlds Most Famous Doll and the Woman Who Created Her. Harper, 2010.Stone, Tanya.  The Good, the Bad, and the Barbie: a Dolls History and Her Impact on Us. Paw Prints, 2015.

College Athletes Deserve Compensation Essay - 861 Words

Thousands of devoted fans eagerly watch their favorite sports players and teams year round. Some people watch professional sports, while others prefer college. The only difference between professional and college athletics is the lack of payment to student athletes. The National Collegiate Athletics Association (NCAA) receives millions of dollars in revenue from college mens basketball and football, and college coaches of top schools are paid the same amount as professional coaches. Fans of both college and professional athletes can proudly show their commitment by purchasing jerseys or other merchandise. College basketball and football are commonly discussed topics on television and radio. College and professional sports are†¦show more content†¦Also, athletes would not have enough time between their sports and education to hold jobs. College athletes usually dedicate about 50 hours per week to their sport (Nocera 2). Because athletes do not have enough time for jobs , 86% of college athletes that are covered by full scholarships live below the poverty line (College 1). Shabazz Napier, the star point guard of Connecticut, complained of hunger after leading his team to win the March Madness men’s basketball tournament. â€Å"I just feel like a student-athlete, and sometimes, like I said, there’s hungry nights and I’m not able to eat and I still got to play up to my capabilities. †¦ When you see your jersey getting sold — it may not have your last name on it — but when you see your jersey getting sold and things like that, you feel like you want something in return.† (Phillips 1). The NCAA and the colleges earn enough money made by college athletes, to get the athletes out of poverty. The NCAA’s greatest fear about paying student athletes is the money itself. They worry it will be spread thin between all the sports departments, but with all the money circulating around the college sports indu stry, they should not have any concerns. The two most popular college sports, football and men’s basketball, generate over $6 billion in annual revenue combined; more than the amount the NationalShow MoreRelatedwhy college athletes should be paid1388 Words   |  6 Pagesï » ¿ Why Collegiate Athletes Should be Paid In our world, people who bring in money with their talents are usually compensated for their efforts. It makes complete sense right? Well for college athletes, they bring in billions of dollars worth of revenue for their school, but do not get compensated for their talents whatsoever. Most people argue that only professional athletes should be paid because it is their profession, but people do not take in account for all the hard work and effort these studentRead MoreShould Student Athletes Be Paid?1270 Words   |  6 PagesIn the United States, college athletics are growing larger by the minute. College athletics contribute not only to the recognition of colleges and the National Collegiate Athletic Association (NCAA), it also contributes to the income of colleges and the NCAA. Without student athletes, these colleges and the NCAA would not reap the benefits of college athletics, such as: increased awareness of colleges, higher application rates, and of course the revenue brought in from game and event tickets, apparelRead MoreCollege Athletes : Patrons For The Ncaa1088 Words   |  5 Pages College Athletes: Patrons for the NCAA The NCAA is a money-generating monster that disregards college athletes’ financial well being. How can we stand back and let the NCAA steal money from the hard working athletes that provide it? Take this for example: Philip is a landscaper that works hard day in and day out mowing yards. He is not always perfect, and makes the occasional mistake. Even though he make mistakes, he is good at what he does. Now imagine if Philip earned a very small amount ofRead MoreCollege Economics: And Why College Athletes Need to Be Paid 1021 Words   |  5 PagesAthletic Association (NCAA) rules and regulations no college athlete is able to receive any compensation or endorsement while participating in college athletics. These rules have long been challenged, however, the NCAA does not make any changes. With universities grossing close to $200 million a year, college athletics has turned into one of the top industries in the world. The NCAA, a governing body of college athletics, currently holds all power in college athletics. Without people questioning the NCAARead MoreThe Ethics Of Amateurism And College Athletes1645 Words   |  7 PagesSalaries, wages, and compensations have always been major and generally controversial topics in democratic America. And, with the rising popularity of college athletics, particularly football, compensation (or lack thereof) for college athletes has recently been a hot topic in American sports. While some of the debate stems from the similarity between responsibilities college athletes have to their programs and those of professionals, most of the issue involves the principles of amateurism. RecentRead MoreShould College Athletes Be Paid?986 Words   |  4 PagesPaying the College Athlete The college athlete has steadily grown in popularity in the United States over the span of the past decades. Monetarily speaking, this increased publicity has been extremely beneficial for National Athletic Association (NCAA) and all the colleges involved in athletics which has sparked the dispute of whether or not the athlete should be paid for their hard work and dedication on the field and to their school or if the athletic scholarship is more than enough. College athletesRead MoreCollege athletes sould be paid to play1364 Words   |  6 PagesBy: College athletes should be paid to play! In this essay you’re being persuaded, you are being persuaded to agree that college athletes should be played to play. Here there is some information that will help change your mind if you don’t agree with this already. This essay will talk about the athletes not being able to pay for many of the things they need, they haven’t got any time for a job, the athletes bring in money to there schools, and more. The college athletesRead MoreDo Athletes Deserve For Get Paid?1459 Words   |  6 PagesDo Athletes Deserve to Get Paid? There seems to have been a rise in scandals in collegiate athletics over the past few years. Many athletes get a notice from the NCAA that they have been suspended from their sports’ season or several games of the season. This may shock some people to know that these athletes are being suspended for getting free food, rides, money for clothing, etc. There have been several court cases involving student-athlete scandals and many are wondering how to get to the bottomRead MoreShould College Athletes Be Paid?1500 Words   |  6 Pagesteams and athletes bring forth millions of viewers to see what a sports team is made up of. College is where a student gets the opportunity to shine. If a college athlete possesses a significant amount of talent they have the potential to become a professional. At a college level, students don’t receive payment; regardless of what level an athlete is on, when an individual has a natural talent the individual should be paid for doing what he is good at. This idea of not paying student athletes needsRead MoreThe Ban On Student Athlete Compensation1426 Words   |  6 PagesRight now the ban on student-athlete compensation is insufficient and is not doing the student-athlete any good. Student-athletes should be paid for their efforts no matter what the rule has always been. These athletes hard work is being taken advantage of by the people around them. A change to a competitive labor market with less restrictions on student-athlete compensation might be a necessity (Sanderson and Siegfried). In 2013 a man by the name of Jay Bilas, an ESPN basketball analyst, logged

Accounting System - Special Journal & Subsidiary Ledger

Question: What is accounting systems? Describe about special journals subsidiary ledgers. Answer: The company under review is the JB Hi Fi and is the leading retailer of the consumer electronics. The company manufactures the video games and also the blu-rays, DVDs and the CDs. The company is the leading chain store which is headquartered in Melbourne. In the smaller accounting treatment, the book keeper may go on to record the various journal entries. In a company, the general leader accountant is duty bound to record the journal entry and ensure the control over the manner in which the journal entries have been recorded. In respect of the format of the journal entry, at a minimum, the accounting journal entry must include the following: Each account has one credit and one debit The date on which the journal entry has been passed The period of accounting during which the journal entry was prepared The name of the person which is making that entry is present The managerial authorisations are present Journal Entry Fraud: It is very much common for the accountants to commit frauds by the use of various journal entries than through the use of the common transactions that exists. This could include the supplier invoices and the creation of the customer invoices. The main reason behind the same is that there are many of the common transactions that would have the controls of the systems built around them and this is designed for many of the different reasons. There are a very lesser number of controls over the journal entries that makes the creation of the fraudulent transactions easier. These are the transactions that are very difficult for the recording of the amounts that are not material and these are not likely to spot the transgressions. The following are the accounting journals prepared by the company: Cash and bank Accounts receivables Plant and equipment Land and building Accumulated depreciation Depreciation expense Office supplies expense Expense accounts Accounts payables Loans and borrowings Short term investments Long term investments Shareholders equity Retained earnings Provisions Revenue Cost of sales Income tax expense Other assets Other liabilities The following is the statement of the cash flows provided in the annual report of the company: Particulars (Amounts in $ in thousands) Receipts from customers 40,12,130 38,32,979 Payment to suppliers and employees -37,67,211 -37,23,982 Interest and bill discounts received 552 402 Interest and other finance costs paid -5,689 -7,496 Income taxes paid -59,886 -60,577 Net cash inflow from operating activities 1,79,896 41,326 Acquisition of non-controlling interests -2,400 -3,000 Payments for plant and equipment -42,466 -35,914 Proceeds from sale of plant and equipment 496 674 Net cash (outflow) from investing activities -44,370 -38,240 Proceeds from issues of equity securities 3,125 21,523 Proceeds / (repayment) of borrowings -40,113 54,063 Payments for debt issue costs -484 -64 Payment for shares bought back -4,970 -25,830 Share issue and buy-back costs -24 -118 Dividends paid to owners of the Company -87,174 -77,183 Net cash (outflow) from financing activities -1,29,640 -27,609 Net increase / (decrease) in cash and cash equivalents 5,886 -24,523 Cash and cash equivalents at the beginning of the financial year 43,445 67,368 Effects of exchange rate changes on cash and cash equivalents -200 600 Cash and cash equivalents at end of year 49,131 43,445 1. Depreciation expense: this is found in the statement of profit or loss. 2. Amortisation expense: this is found in the statement of profit or loss. 3. Employee benefit expense: this is found in the statement of profit or loss. 4. Financial service fees revenue: this is found in the statement of profit or loss. 5. Lease and occupancy expenses: this is found in the statement of profit or loss. The following is the statement of profit or loss: (Amounts in $ in thousands) Particulars 2015 2014 Revenue 36,52,136 34,83,775 Cost of sales -28,53,883 -27,27,794 Gross profit 7,98,253 7,55,981 Other income 631 520 Sales and marketing expenses -3,74,084 -3,55,694 Occupancy expenses -1,60,216 -1,48,969 Administration expenses -27,711 -27,600 Other expenses -35,414 -32,716 Finance costs -5,927 -8,845 Profit before tax 1,95,532 1,82,677 Income tax expense -59,021 -54,230 Profit for the year 1,36,511 1,28,447 Attributable to: Owners of the Company 1,36,511 1,28,359.00 Non-controlling interests 88.00 Earnings per share Basic (cents per share) 137.91 128.39 Diluted (cents per share) 136.46 126.89 The following is the Balance sheet of the company: (Amounts in $ in thousands) Assets 2,015.00 2,014.00 Current assets: Cash and cash equivalents 49,131.00 43,445.00 Trade and other receivables 81,480.00 70,745.00 Inventories 4,78,871.00 4,58,625.00 Other current assets 7,416.00 5,332.00 Total current assets 6,16,898.00 5,78,147.00 Non-current assets: Plant and equipment 1,76,208.00 1,81,564.00 Deferred tax assets 17,363.00 14,909.00 Intangible assets 84,541.00 85,218.00 Other financial assets 3.00 3.00 Total non-current assets 2,78,115.00 2,81,694.00 Total assets 8,95,013.00 8,59,841.00 Liabilities Current liabilities: Trade and other payables 3,25,604.00 3,02,979.00 Provisions 40,585.00 36,840.00 Other current liabilities 4,566.00 4,111.00 Current tax liabilities 9,474.00 8,184.00 Other financial liabilities 107.00 79.00 Total current liabilities 3,80,336.00 3,52,193.00 Non-current liabilities: Borrowings 1,39,461.00 1,79,653.00 Provisions 6,073.00 8,699.00 Other non-current liabilities 25,664.00 24,638.00 Other financial liabilities - 25.00 Total non-current liabilities 1,71,198.00 2,13,015.00 Total liabilities 5,51,534.00 5,65,208.00 Net assets 3,43,479.00 2,94,633.00 Equity: Contributed equity 56,521.00 58,383.00 Reserves 17,636.00 16,265.00 Retained earnings 2,69,322.00 2,19,985.00 Total equity 3,43,479.00 2,94,633.00 The following are the required journal entries: Transaction Particulars Debit Credit Cash receipt from customers Cash Sales Cash paid to suppliers Accounts payable Cash Dividend paid Dividend expense Cash Payment for plant and equipment Plant and equipment Cash Depreciation expense Depreciation expense Accumulated depreciation Amortisation expense Amortisation expense Asset Employee benefit expense Employee benefit expense Profit and loss account Financial service fees revenue Cash/Accounts receivables Financial service fees revenue Lease and occupancy expenses Lease and occupancy expenses Profit and loss References: Accounting Basics for Students. (2016).Basic Accounting Journal Entries. Accountingtools.com. (2016).Accounting Journal Entries Accounting Tools.

Voltaire Essays (190 words) - Age Of Enlightenment, Philosophes

Voltaire Francois Marie Arouet was born on November 21, 1694 in Paris. Voltaire was a nickname given to him and he became one of the greatest writers and philosophers b/c of his style, intelligence, and keen sense of justice. At the age of 16 he left school and made new friends. The Paris society enjoyed his company b/c of his cleverness, humor, and his ability to write verses. In 1717, Voltaire was arrested for writing a series of satirical verses ridiculing the French government, and was sent to the Bastille. He spent 11 months in prison and while he was there he wrote his first major play. Then Voltaire made the mistake of making fun of a powerful nobleman and he was given the choice of exile or imprisonment for a punishment. Voltaire chose exile and he moved to England. After his return to Paris he wrote a book about English customs and institution. The book was said to criticize the French government and he was forced to leave Paris again. He then moved to French-Swiss border where hr li ved until he died at he age of 83 in 1778.