Financial Management Essay Example | Topics and Well Written Essays - 1500 words

Financial Management - Essay Example 2,000 liabilities and stockholders’ equity liabilities: overdraft $ 1392 Interest payable $ 4032 loan payable $ 24,000 Campbell loan payable $ 8,068 retained earnings $ 6,608 Common Stock $ 60,000 Total $ 100,068 Vertical Analysis PROFIT AND LOSS STATEMENT Company A Company B NET SALES 100% 100% COST OF GOODS SOLD 95.2% 78% GROSS PROFIT 4.8% 22% SELLING, GENERAL AND ADMINISTRATION EXPENSE 2.6% - OPERATING INCOME BEFORE IMPAIRMENT RECOVERY 2.2% - IMPAIRMENT RECOVERY 0 - Intangible asset repairment charges - 0.8% OPERATING INCOME 2.2% 3% OTHER INCOME/(EXPENSE) 0.1% CHANGE IN VALUE OF DERIVATIVE LIABILITY 0.2% - INTEREST EXPENSE 0.8% - INCOME BEFORE INCOME TAXES 1.6% 3.1% Income taxes 0.6% 0.9% Net income 1% 2.3% BALANCE SHEET COMPANY A COMPANY B Current Assets: Cash 1.6% 27.1% Trade accounts receivables 20.94% 17.3% Inventories 68.25% 22.9% Prepaid expenses 2.8% Deferred tax assets 1.25% - Other current assets 4.09% - Property plant and equipment 1.49% 14.5% Intangible assets - 0.8% Cash surrender value of life insurance - 10.9% Advance to suppliers, net of imputed interest 1.66% - Preferential supply agreement 0.19% - Long term financing costs, net of amortization 0.50% - Other assets - 3.7% Total assets 100% 100% Liabilities and stockholders equity: Current liabilities: Accrued salaries, wages and benefits - 2.6% Notes payable-banks 57.25% - Current maturities of mortgage payable 0.05% - Trade accounts payable 18.55% 6.2% Income tax payable 1.51% - Accrued expenses and derivative liabilities 1.51% - Dividends payable 0.008% 0.7% other accrued expenses - 0.5% Total current liabilities 78.9% 10% Deferred compensation - 4.8% Mortgage payable, net of current maturities 0.54% - Subordinated convertible debt net of unamortized discount of $2499 3.52% - Derivative liability for embedded conversion option 0.71% - Deferred taxes payable 0.07% - Stock holders equity: Common stock 0.4% 11.6% Additional paid in capital 4.42% - Retained earnings 13.0% 73.6% Accumulat ed other comprehensive loss (0.7%) 0.07% Treasury stock (1.30%) - Total liabilities and shareholder’s equity 100% 100% Cash flow statements Company A 2011 Cash flow from operating activities Net income 116.07% Adjustments to reconcile net income to net cash in operating activities Depreciation and amortization 10.15% Change in value of derivative liability -20.96% Amortization of convertible note discount 7.72% Impairment recovery 0.00% Provision for doubtful debts 4.84% Deferred income taxes -13.20% Foreign exchange loss, and others -0.26% Changes in: Restricted cash 0.00% Trade account receivable -364.62% Inventories -1225.27% Other current ass

Ancient and Medieval Cultures Essay Example | Topics and Well Written Essays - 500 words

Ancient and Medieval Cultures - Essay Example Also God spoke to man through dreams and visions in the book of Genesis. After the destruction that happened at the time of Noah, God promised himself that he will never bring similar destruction ever to mankind. God and man had a close, clear cut fellowship in the book of Genesis. Man and woman were very innocent when God created them. It is not given anywhere that they had any sexual feelings before committing sin. Sex came into picture only after man committed sin. Adam and Eve could realize their nakedness only after they committed sin. Man lost his naà ¯ve nature only when he displeased God. So the most important consequence of the sin committed by man was that he lost his innocent nature and sexual nature started appearing in him. When God created man, God gave him certain special blessings but woman was not given any special blessings like that. God created woman because man needed a perfect match for him. In short woman was created for the sake of man. Man got life out of the breath of God but woman was created from man. Also man was given the responsibility of taking care of Eden Garden. It was woman not man who committed sin first. Devil knew that it would be easy to influence woman than man. All these reveal the inferior nature of woman. Before committing sin Adam was found to be a complete man with all the blessings of god. God gave him many rights and made him the king of Eden. He had every right over nature and over all living and non-living beings of this world. He was given the responsibility of protecting Eden Garden. He was given full right over all resources of Eden garden. He was the master of the nature and everything it constitutes, and was not a mere part of it. God created everything for man only. He had more rights than the powerful angels who serve God. God punished Cain for killing his brother Abel, and Cain had to be a cursed fugitive roaming all

CIA Operation PBSUCCESS Essay Example | Topics and Well Written Essays - 1000 words

CIA Operation PBSUCCESS - Essay Example "PB" here stands for "Presidential Board" while SUCCESS is used to express the general optimism and confidence that this operation would achieve its objectives. Its main objective was overthrowing the popularly-elected Guatemalan President, Jacobo Arbenz Guzman. This was because his government had presented various new policies that the US was of the opinion that they were Communist. The US suspected the influence of the Soviet Union in this. The US clearly hated Communism and all its principles. They could therefore do anything to stop it. Moreover, Communism threatened to oust the US as the world's super power. They had to fight this at all costs to continue with this domination. For Guatemala, Communism posed a threat to the US interests in that country and even neighboring ones. They had to intervene to secure these interests. The US was therefore killing two birds with one stone in Guatemala. The US feared that Guatemala becoming a "Soviet beachhead." Guzman introduced land reform acts were seen as antagonizing United Fruit Company, a US-based multinational. This company had great stakes in the earlier Guatemala administration and urged the US to intervene. The operation took place between 1953 and 1954. ... Later there was another operation known as "Operation PBHISTORY". Its aim was gathering and analyzing Guatemalan government documents. The US would later use these documents to portray Guzman as puppet of the Soviet Communists. During the administration of two of Guzman's predecessors, Jorge Ubico and Manuel Cabrera, Guatemala was open to foreign investment, with Ubico specially favoring the United Fruit Company. The UFC then invested heavily in the country. It bought controlling stocks of the rail, electricity and telegraph utilities. It won control over most of Guatemala's best land. Ubico administration greatly protected the interests of the United Fruit Company. Soon after the inauguration of Dwight Eisenhower as the US President in 1953, scrutiny of CIA covert action operations started. Eisenhower set up an evaluation known as Solarium that comprised three committees that did an analysis to find out which action plans should go on. Later, CIA's covert activities were kept under close check. Questions arose as to whether CIA covert operations were proper and if they served national interests (Cullather, 2006). According to David Bruce, a presidential advisor on foreign intelligence activities, these covert actions were responsible for sparking turmoil and raising doubts about the US in numerous countries worldwide. The US faced political condemnation worldwide because of the role it played in having President Guzman overthrown. The US damaged its reputation in Latin America and also angered its allies. It was heavily criticized even by the United Nations (Kinzer and Schlesinger, 1999). There was strong resentment in the Caribbeans and Latin America. This played a part in damaging the stability of Guatemala and Latin

The Value of Sex in Romeo and Juliet and Measure for Measure Essay

  Ã‚  Ã‚  Ã‚   Renaissance England often treats female sex and virginity as a commodity. Shakespeare recognizes this belief system in Measure for Measure and Romeo and Juliet. In Romeo and Juliet, Juliet's virginity acts as a commodity. However, it is not her commodity; rather, it belongs to her father. Capulet uses it as a bartering tool. In act three, scene four, he makes a marriage agreement with Paris. He says, "Sir Paris, I will make a desperate tender / Of my child's love. I think she will be ruled / In all respects by me. Nay, more, I doubt it not" (12-14). The first definition in the Oxford English Dictionary defines tender as "to offer or advance (a plea, issue, averment; evidence, etc.) in due and formal terms; spec. to offer (money, etc.) in discharge of debt or liability" (def. 1). The OED cites Littleton's Tenures in 1544 as an example of this definition: "The Lorde maye tender a conuenient mariage wythout deperagyng of such an heir female." Subsequent definitions also define tender as "to make (physically) tender, soft, or weak" (def. 2d). These definitions prove the ecconomic value of Juliet's body. Capulet weakens Juliet physica lly in 3.5 by ordering her to marry Paris or "beg, starve, die in the streets" (192). In many productions, Capulet strikes Juliet, emphasizing her "tender" state. He has full control over Juliet's life and consequently, her body. Her virginity is a bartering tool, something he can sell on a whim to the highest bidder. Within this system of arranged marriages, sex functions as a commodity.    Measure for Measure also speaks to the commodification of sex by highlighting female virginity, those who are and those who aren't. In this play, female virginity functions as a... ...odity, desperately sought after by men. Their commodity places them in a double bind: "To be sexually active is to be suspect, to be a virgin is to be desirable and therefore potentially sexually active and potentially suspect. Either way women lose. Either way they are sexualised" (Macfarlane 78).       Works Cited:    Carlson, Susan. "'Fond Fathers' and Sweet Sisters: Alternative Sexualities in Measure for Measure." Essays in Literature 16:1 (1989): 13-31.    MacFarlane, Linda. "Heads You Win Tails I Lose." Critical Survey 5:1 (1993): 77-82.    Riefer, Marcia. "'Instruments of Some More Mightier Member': The Construction of Female Power in Measure for Measure." Shakespeare Quarterly 35:2 (1984): 157-169.    Shakespeare, William. Measure for Measure. Greenblatt 2021-2090. ---. Romeo and Juliet. Greenblatt 865-941.

Poem of William Caslos William Essay

William Carlos Williams is a pioneer who creates a whole new realm in American poetry. He is regarded as an important and influential poet because of his unique and usually plain style. The poem â€Å"Poem† is one of the most prominent poems reflecting Williams’ style of writing. In this piece of work, Williams discusses a central contrast between the mortality of life and immortality of art through the image of two roses – in nature and in poetry. It can be said that life is symbolized by the rose, the central image and also the main theme of â€Å"Poem†. The real rose and unreal one are skillfully used to represent two factors: the reality and the art. In nature, a rose which cannot avoid the cycle of time undergoes stages of nature rules. First, it germinates from a seed. Then, it grows up and blooms or blossoms. Next, it fades or discolored. Finally, it dies. â€Å"The rose fades – And is renewed again – By its seed naturally† (Williams, 1983). The issue of the rose fading show that life, no matter what forms, follows the nature changing rule and eventually fades away. Meanwhile, Williams uses the image of the rose in poem to respect the art because the real rose will fade naturally but the rose of art keeps an ever-lasting beauty: â€Å"Save in the poem – shall it go – to suffer no diminution – of its splendor† (Williams, 1983). Generally, the whole poem presents the central contrast of nature versus art, death versus life and cycle of time versus perfection that lasts forever. With respect to the highlighted image of the rose in poetry, it can not be touch but lives forever and remains perfect, fresh, young, and beautiful regardless of time. It has the empowerment of splendor, perfection, and immortality. In fact, Williams’ intention after his words of praising the power of the rose in poem is to advocate the power of art in general. It seems that the poet gives prominence to art whose role is to inspire and guide people through curves of life thanks to its beauty and significance of teaching truth, giving beauty and pleasure, shaping moral characters, showing power of language and showing human experience.

Reasons Why Projects Fail - 710 Words

Reasons Why Projects Fail By Tom Carlos PMP In a perfect world, every project would be on time and within budget. But reality (especially the proven statistics) tells a very different story. It s not uncommon for projects to fail. Even if the budget and schedule are met, one must ask did the project deliver the results and quality we expected? True project success must be evaluated on all three components. Otherwise, a project could be considered a failure. Have you ever seen a situation where projects begin to show signs of disorganisation, appear out of control, and have a sense of doom and failure? Have you witnessed settings where everyone works in a silo and no one seems to know what the other team member is doing? What about†¦show more content†¦All too often, mishaps can occur (and usually do). This is when the project manager must recognise a warning sign and take action. If you understand the difference between symptoms and problems and can spot warning signs of project failure, your trainin g will help you take steps to right the ship before it keels over. Yes, it s the project manager s responsibility to correct the listing no one else. In addition to applying the processes and principles tau ght in Reasons Why Projects Fail 1 project management class, you can also use your personal work skills of communication, management, leadership, conflict resolution, and diplomacy to take corrective action. During the course of managing a project, the project manager must monitor ac tivities (and distractions) from many sources and directions. Complacency can easily set in. When this happens, the process of monitoring breaks down. This is why the project manager must remain in control of aShow MoreRelatedThe 7 Common Reasons Why Projects Fail1241 Words   |  5 PagesThe 7 common reasons why projects fail are 1) Poor Requirements Quality Issue Practically speaking, the real nature of numerous predefined necessities is poor. Poor necessities quality can mean numerous things, yet here are the absolute most self-evident Characteristics: equivocal, fragmented, conflicting, wrong, obsolete, not obligatory, immaterial to the framework being manufactured, untraced, and in a structure that is remote to a considerable lot of the partners. Ordinarily this issue emergesRead MoreWhy It Projects Fail For The Success Rate Of These Projects1565 Words   |  7 PagesA#: A00375672 Whenever an IT project is planned to take place, the probability of a problem occurring is very common. Therefore, one of the challenges management will face is to improve the success rate of these projects. IT project failure can cost the economy nearly billions of dollars or more depending on the extent of the failure. Not only does it affect the economy, but it puts pressure on the organization executing the project and may become stressful for the team members involved. With thisRead MoreSoftware development methodology to improve planning and scheduling in web development.800 Words   |  4 Pagesinformation system projects frequently fail because of the failure to meet the user requirements, insufficient budget, poor communication, poor planning and scheduling, lack of quality assurance and do not have a standard project management methodology etc. According to the project management Solution (2011) survey shows that â€Å"$74 million in projects are at risk each year in the average firm surveyed (37% of the total value of projects closed)†. And 22% software projects do not use standard project managementRead MoreFailures Of The Project Management System1456 Words   |  6 Pagesto garner support of IT Project Management, a rather clear picture has been presented. A staggering number of organizations do not properly employ IT project management, and, as a result, their projects tend to fail. On the opposite end of the spectrum, successful organizations utilize an IT project management system and their projects enjoy a much higher success rate. Based off of the findings, one can conclude that in most organizations the track record for IT projects has been more than lacklusterRead MoreEven With The Greatest Attempts, Projects Can Fail. Projects1561 Words   |  7 Pagesattempts, projects can fail. Projects can be measured in terms of failures. When looking at the project failures, if the project objectives are not met it then affect the scope, time, cost, quality, and resources of the project. When these items are not met and not approved by senior management of the project team the project is considered a failure. There are several reasons for failures that will be examined. The first reason of project failure is poor planning. This is a very common reason becauseRead MoreQuestions On The Management System1504 Words   |  7 PagesIntroduction â€Å"Companies fail to make the change they intend approximately 70 percent of the time† [1] You have probably read about PPARS (Personnel, Payroll and Related system) which cost an estimated 131 m according to the Comptroller and Auditor General Report on Value for Money Examination that took place for PPARS. PPARS is one of Ireland’s most talked about IT failures of all times and is ranked among other high profile IT failures such as the Credit union IT system and the e-voting systemRead MoreThe Implementation Of The Prub Model1738 Words   |  7 Pagesleadership is at the center of the dynamic of project management practice. This analysis bases itself on examples taken from an organization that has a well structured and clear defined program and project management process. Despite being well structured well but has its bits of bureaucracy, can be very complicated to understand and extremely difficult to be followed. In the context it had been conceived and implemented, i.e., to manage the IT Projects that for the majority are developed in-houseRead MorePlanning Methods And Methods Of Planning1692 Words   |  7 Pages-â€Å"Planning is the thinking process, the organized foresight, the vision based on fact and experience that is required for intelligent action† as said by Alford and Beatt. -â€Å"Planning is deciding in advance what is to be done. When a manager plans, he projects a course of action for further attempting to achieve consistent co-ordinate structure of operations aimed at the desired results† as per Theo Haimann. -â€Å"Planning is fundamentally choosing and a planning problem arises when an alternative courseRead MoreThe Ethics Of The Integrity Objection1336 Words   |  6 Pagesvery principles and goals – which Williams calls ‘projects’, as shall I henceforth – that compromise human identity. Opponents of consequentialism use the problem of integrity to argue that consequentialism is unacceptable as a moral philosophy and is not livable for human beings. In this essay, I will demonstrate that utilitarian objections to the problem of integrity fall short, in particular Samuel Scheffler’s response. Scheffler’s attempt fails because in trying to make consequentialism a practicableRead MoreQuality Issues in System Development1687 Words   |  7 Pagesthe information storage and processing needs of every other industry and that of the entire world. However, it was also during this period when the shortcomings of implementing such technology became apparent. A significant number of development projects failed which resulted with disastrous consequences, not only of an economic nature, but social as well . Seemingly, although hardware technolgy was readily available and ever improving, what was inhibiting the industry was in the methods of implementing

Consumer Decision Making Supply And Demand - 3065 Words

Consumer Decision Making: Supply and Demand Demand in the wireless industry is determined by the aggregation of individual mobile carriers through the number of wireless subscriptions. Economists all agree that price for a service is an important factor in the decision making for consumers, however it is definitely not the only factor and may not always result in the deciding outcome. Based on pricing, microeconomics can estimate and forecast with plausible accuracy what a consumer may pay for and how much of that service will be purchased. While we do not have available information regarding the pricing to determine the consumer demand in the wireless communication industry, we can represent the demand curve based on the number of†¦show more content†¦This may become important to keep in mind when deciding whether to invest in Wind Mobile and its profitability. A new entrant like Wind Mobile may not be profitable given the data due to the decreasing rate of new subscriber growth i.e. lack of main revenue source via selling handset as well as monthly stream of revenue from services. In order for Wind Mobile to be sustainable in the long run, it needs to make a profit where its price is greater than its average cost (including fixed capital infrastructure as well as user’s variable mobility cost.) The population in Canada provided by Statistics Canada demonstrates a healthy positive linear growth over the period of 2005 and 2012. After doing statistical analysis, I can conclude my finding that as population increase; the demand for wireless subscribers also increases while at a very slow rate. Furthermore, my regression findings can help forecast the demand for wireless subscribers over time based on an estimate of population for a given year. In order to do so, we must first estimate the population for a given year based on this equation: Population (in millions) = - 676.5029 + 0.3535 * Year After, we substitute our estimated population value for a given year into another equation to determine the number of wireless subscribers: Wireless Subscribers (in millions) = - 131.5938 + 4.6155 * Population (in millions) The demand curve for Wind Mobile