Financial Statement Essay Example | Topics and Well Written Essays - 3000 words

Financial Statement - Essay Example Since it should be goal of he company to benefit its shareholders, it is called bottom-line measure of performance. Accordingly it is 22.5 % as calculated below Return on equity= Net profit after tax/ Total equity =m 467/ 2074 = 22.5 % for 2005-06 = " 392/1397 = 28.06 % for 2004-05 The decline in ROE in 2005-06 is due to abnormal increase in other reserves shown under equity... This is also known as Return on capital employed (ROCE) and also calculated on pretax profit. Liquidity/Solvency Liquidity means the speed and ease with which an asset can be converted into cash. Liquidity has two dimensions. Ease of conversion versus loss of value. Any asset can be converted into cash if its price is cut sufficiently. A highly liquid asset is therefore one that can be sold without significant loss of value. An illiquid asset is one that cannot be quickly converted into cash without a substantial price reduction. Assets are listed on the Balance Sheet in order of liquidity meaning that the least liquid assets are listed first. Current assets are Cash and those assets convertible into cash over the next 12 months. Bills Receivable for instance represents amounts collectible from the customers for sales already made to them. These are therefore expected to be realised in the near future. Inventory that is stock-in-trade is the least liquid of the current assets. Current Ratio is one of the best known and most widely used ratios to ascertain company's solvency/liquidity. It is defined as Current Ratio = Current Assets / Current Liabilities CurrentAssets m 3,666/Current Liabilities m 3,432 = Current Ratio1.07 for 2005-06" " 2,752/ "...Assets are listed on the Balance Sheet in order of liquidity meaning that the least liquid assets are listed first. Current assets are Cash and those assets convertible into cash over the next 12 months. Bills Receivable for instance represents amounts collectible from the customers for sales already made to them. These are therefore expected to be realised in the near future. Inventory that is stock-in-trade is the least liquid of the current assets. The current ratio of 1.07 indicates that company is efficient enough to use all its current assets without keeping them surplus and idle. It has also shown remarkable improvement from the last year's negative current ratio of 0.84. Quick ratio is calculated ignoring the value of inventory included in current assets for its obvious shortcomings of the least liquid of all current assets besides possible overvaluation and inclusion of damaged, obsolete and lost stocks. It can also include over purchased and slow moving items. These will impede liquidity. Quick Ratio or Acid -Test ratio is so named to indicate the current assets sans inventory's quicker liquidity. BA has no stock in trade as mentioned above except for "expendable spares and other inventories" valued m 83 since it is a service industry.

Saudi arabia running dry Essay Example | Topics and Well Written Essays - 1000 words

Saudi arabia running dry - Essay Example The depletion of the earth’s natural resources is due to human activities. Identification of the economic natural resources such as oil has led subsequent depletion of other resources for instance, people clear the forest to create room for mining of oil underground yet forest are rain catchment areas (hindering effective production of hydroelectric energy); hence, leading not only to the exhaustion of oil, but also the emergence of the desert, yet some of these resources are non-renewable (Gonzalez, 4). The author of this book was motivated to do the research in order to understand the extreme shifts in oil prices, future durability of oil, the impact it has on the environment and what should be done. The argument of this book is that economically valuable natural resources such as oil has led to Saudi Arabia running dry. In the process of mining, oil there is interference of other fundamental natural resources such as land, water and forest. There is the use of chemicals on the land, leaving it infertile; cutting down the forest to create more space for extracting the oil these have led to less water availability and food insecurity posing threat in the economy. The book also gives factors to put into consideration, to change the situation. It talks about the population growth-over population puts pressure on the limited natural resources, leading to their over exploitation (Gonzalez, 29). Pollution of the environment should be limited as it is the major cause of desertification, for example, water pollution, land pollution, which leads to food insecurity. Policies should be put in place to govern the management of natural resources. The book covers the natural resources as an economic problem. In this book, he talks about the interdependency of Saudi Arabia as the cause of it running dry. Saudi has got limited underground water to support its wheat plantation and agricultural support leading to their reliance on other states for food supply; hence, food

M4M4 Monoculture Assignment Example | Topics and Well Written Essays - 750 words

M4M4 Monoculture - Assignment Example Today, many of small nations and communities living along the coast lines are highly threatened as beaches once locked in Arctic permafrost continue to be released by melting ice, shoreline erosion, rise in sea levels and increased storm activity. According to Pilkey, Pilkey and Fraser (2011), Miami has been listed as one of the most threatened cities based on the value of property that could be destroyed by floods caused by a three-foot sea level rise. It is estimated that sea levels in some cities located along the Atlantic and Gulf coasts could rise up to 55 inches. In a particular, the sea levels could rise by 20 inches in Miami Beach while in Boston city the levels could hit the 38 inches mark. The following table represents some of the urban centers likely to be affected by rising sea levels across the globe. The population likely to be affected by rising sea levels in Miami is estimated to be above 5.2 million and is expected to increase due to the growing number of tourism activities in the city (Pilkey, Pilkey & Fraser, 2011). This city is fourth largest and also United States’ lowest city. For this reason, sea levels are expected to increase by 20 inches by 2020. Floods resulting from the rising levels are expected to disrupt water supply systems in the city leading to emergence of waterborne disease including cholera and typhoid among other complications. Floods also form breeding areas for mosquitoes leading to high prevalence of malaria and other conditions whose mosquitoes are the vectors. Boston city is current listed among several U.S coastal areas where more than 4.5 million people living along the coastal line are to be adversely affected by expected rise in sea levels (Green Peace Campaign, n.d). Such populations are likely to be completely displaced leading to public health complications associated with displaced persons

U.S. Congress Research Paper Example | Topics and Well Written Essays - 1250 words

U.S. Congress - Research Paper Example istics, which would range from data on party affiliation, the average age of the members, occupation, education levels, length of congressional service. Other characteristics include; their religious affiliation, gender, ethnicity, foreign births as well as military service (Brownworth). In the congress as at February 2013, the House of Representatives had a maximum of 232 republicans and 206 democrats plus 5 delegates and the resident commissioner. The senate on the other hand had 45 republicans against 53 democrats. There were also 2 independent who caucus with the democrats. At the beginning of the 113th tenure, the average age of the members of the congress was found to be 57.0 years while that of senators was 62.0 years. A majority of the members of the congress have attained at least a college education. The members dominantly possess professions ranging from public service/politics, business and law. The religion affiliation of most of the members is either Christians or Protestants with the largest single religious denomination being Catholics; 31% of the Members (136 in the House, 27 in the Senate) are Catholic. The length of service averagely of the representatives is averagely worked out to be 9.1 years, which is 4.6 terms; the senators’ term is 10 .2 years, which is 1.7 terms. The one hundred and thirteenth house has a record number of women that stands at one hundred; 18.5% of total membership. 80 of this number are found in the House a number that includes 3 delegates while 20 of these women are found in the senate (Brownworth). In terms of ethnicity, we have 43 African American members of the house while 2 are found in the senate. It is worth noting that this number includes two delegates. The same house has 38 Hispanic serving in the congress of which 34 are in the house including 1 delegate and the resident commissioner while 4 are there in the senate. 13 members of the house in the order of 10 who are the representatives, 2 delegates and 1

Cruise industry in India Essay Example | Topics and Well Written Essays - 1000 words

Cruise industry in India - Essay Example the stars. SIMPLICITY: Planning a cruise is simple; you're on board, nearly all expenses are pre- paid so vacation becomes hassle-free. FAMILY : Ideal for family vacation. PAMPERING. Regardless of your budget, all cruise lines pamper their guests with first- class service around the clock. SATISFACTION : It's a fact that cruises have a higher percentage of satisfied customers than any other vacation experience The cruise industry is the most exciting and fastest growing segment of the travel industry throughout the world today. The cruise market is strong throughout the world and particularly in the USA and UK. Currently, the Caribbean holds almost 67% of the market share in the total global cruise industry whilst the Far East (Asian Region) holds only 2%. The cruise companies targeting Indian customers feel that the cruise market segment in India is now coming of age. Not yet into the number game in terms of passengers, cruise liners have demarcated their market segments and clientele. Realising the competition and the objective, these companies have set their targets towards capturing the vast potential.The Indian travel industry can be virtually described as a melting pot of possibilities. India with its vast beautiful coastline and long historical and cultural traditions, theatre and performing art can be developed as a popular tourist destination for cruise tourism. The emerging trends like the rise in the standard of living, Modern lifestyle, enhanced economic standards, competitive work culture and the revelation of internet based technology in tourism and travel has made the planning vacation easier. Indian information technology... Indian information technology prowess lead to more economic stability and young and highly paid generation are looking for some unique experience. Cruise as depicted above have every component which gives a wonderful experience in a isolated ambience with first class facilities. The base price for a cruise from a short haul has suddenly opened up this segment to a seemingly infinite market. Eying this potential, cruise liners globally have drawing special strategies for the Indian market. Cruise companies are offering designer packages for their target audience. The promotional and marketing strategies are meticulously designed to suit the Indian consumer. Although the cruise liners had made their entry in the Indian market a few years ago, the operators are optimistic about the growth. The growth would be possible only by creating awareness about the entire experience of cruising as they realize that as a product, cruising is fairly new to the Indian travelers. The level of awarenes s with regards to cruising as a vacation option has increased considerably over the last few years. Cruising was considered to be either for the retired and the elderly or the rich and famous. Now-a-days honeymooners, entrepreneurs, senior corporate executives, adventure traffic and families are all part of clientele.

Business International Law Essay Example | Topics and Well Written Essays - 750 words

Business International Law - Essay Example However, this fund is just made accessible after the country requiring the loan has applied certain structural adjustment program (www.imf.org). Structural Adjustment Programs (also known as SAPs) are economic policies created by each country but having shared common principles. These common principles include the devaluation of currency against the dollar, export-led development, privatization, and improved free market practices. States following SAPs are usually obliged to balance their budgets, release import and export limitations, and lessen or stop state subsidies as well as price controls. While the IMF obliges states to make an effort to balance their budgets, they object to the plan of raising taxes. As an alternative, states practicing SAPs are generally required to cut expenses for education, healthcare and social services (Battikha, 2002). These SAPs are the chief cause of such a quarrel over the International Monetary Fund. However, using a liberal view it can be seen that in 'most' of the cases SAPs hurt the states more than they aid. The execution of SAPs has become the source of riots and disputes. Algeria can be taken as an example of it. In October 1988, riots were caused due to the high prices and increased unemployment caused by the implementation of SAPs. During the riots more than 200 people were killed. In order to support this point some more examples would be helpful. Like during the riots in Jordan, due to the increase in prices brought about by SAPs, five citizens were killed in April 1989. In Venezuela, from February 28th to March 2nd, 1989, approximately 600 inhabitants were killed and more than 1000 injured as riots broke out because of the increase in fuel and public transportation prices, caused by SAPs (www.Whirledbank.org). IMF worked in Thailand during 1980s when the state was facing a depression resulted due to a rise in the price of oil, decrease in the costs of agricultural exports, heavy burden of foreign debts and deficit in the external financial accounts. A stabilization program was designed for Thailand which was supported with a strategic structural adjustment program and was implemented with a joint effort of The World Bank and IMF. This helped Thailand to recover from the financial instability it was going through from. Furthermore it is established that the similar instruments which were used by the IMF in tackling

Construction management Essay Example | Topics and Well Written Essays - 2000 words

Construction management - Essay Example It was also useful in providing our geotechnical engineers with information about the strength, compressibility and hydraulic characteristics of soil strata. Site investigation was also very vital, firstly by allowing us the study of the general suitability of the site for an engineering project. Secondly, it ensured a safe and economic design is prepared. This helped us to save on costs that might be incurred from failure to do so. Thirdly it shed light on possible difficulties that may be encountered by a specific construction method for any this particular civil project. Finally, site investigation allowed for the study of construction materials. The site investigation was carried out fully as lack of proper site investigation or forfeiture of the entire process brings undesired consequences. There might be significant delay and increase in construction costs when the design has to be revised or amended to cater for the unseen disasters that could have been detected if the site investigation was done. In carrying out the site investigation it only cost an extra 5% of the project which disputes the notion that forfeiture of site invest igation saves on costs as this is a very small price to pay. We prepared a document after the site investigation referred to as the Geotechnical Report. In it we put down the summary of the content details. It provided the site description based on the analysis made by the investigators. Other information contained in the geotechnical report included: seismic ground motion data, lab data, and ground water and drainage information. The above information is interpreted by the site engineers. The investigators did not find any reason why the project should not go on and therefore gave a go ahead. This document discussed all of the site investigation findings making their decisions with regard to them. For instance, if the findings showed