Essentials of Managerial Finance Essay Example | Topics and Well Written Essays - 500 words

Essentials of Managerial Finance - Essay Example Furthermore, although there is insufficient liquid assets to fulfill present responsibilities, Functional Profits are in plenty and hence sufficient to facilitate the debt. In the airplane industry the debtors that owe Southwest airlines are among the worst with 7.75 days’ worth of unsettled earnings. This suggests that sales need to be dealt with in a more appropriate and effective manner. Last, records appear to be thriving managed as the Inventory Processing Period is characteristic for the business, at 10.08 days. According to Southwest airline’s statement of returned earnings in 2010, they had earnings of $0.74 per share on 01/20/2011. The liquidity ratio which is normally the ratio of the current assets over the current liabilities is used to determine whether Southwest airlines can meet their short term financial responsibilities. Their liquidity ratio was 1 meaning their current assets was equal to their liabilities. The asset management ratio shows whether the assets of southwestern airlines are being utilized appropriately. Their assert management ratio was 0.8 and hence meaning they were slightly below the safe level of asset management ratio. The debt management ratio which is also commonly known as financial leverage ratio will determine the probability of the firm going bankrupt or experiencing financial upheavals in the future. The debt management ratio proved to be at a good level of 58.8. The market value ratio generally looks into the performance of Southwest Airlines in the stock market. Their market value ratio was at 8.99% Financial statements are used by the major shareholders and owners of the firm to be able to make sound decisions regarding investing in corporations and also to be able to see which areas the firm need to be improved. It is also a detailed analysis of the financial health of the corporation and hence investors get a clear view of the fairing of the corporation. Financial statements are also

Great Achievements Essay Example for Free

Great Achievements Essay Every individual has a goal of achieving their own dreams. Just like them, I am an aspirant who wishes to attain success in my career. As an upcoming Entertainment design student, I always look ahead to my goal and use it as my motivator to keep moving forward. Like others, I have also undergone obstacles in my life that I successfully faced and resolved One of the obstacles that I experienced was when I prepared my admission portfolio. It was 3 months before the deadline that I got interested in going to Art Center. Since I wanted to apply immediately, I worked hard to spend the remaining three months creating my portfolio. I knew that a high quality portfolio would give me a greater opportunity to be accepted so I went beyond my limits and used all the available resources to create my best work. My determination and willingness to learn and develop my talents pushed me to produce 30 pages of high quality portfolio in 2 1/2 months. Perhaps, doing such work in a limited time is difficult but for me, any person can do it so long as there is the passion and right attitude towards work. As a person, I believe that perseverance, diligence, open-mindedness and confidence count a lot in achieving success. During the preparation, I knew that the admissions only required a few pages of work but since I wanted to create the best portfolio, I did my best to accomplish the most number of quality work. Of course, it was difficult for me but it was my faith that helped me attained my goal. Furthermore, it was my family and friends who helped me maintain high expectations. There were times when I wanted to give up but it was them who taught me never to say `I can’t` at anything. I focused myself on my work and kept in my mind that there were no limitations so long as it is for my dreams. I also learned that any individual cannot achieve anything without taking any risk. In my case, one of the biggest risks that I have taken is switching my major and transferring to another college. I was a graduating ASU student and scholar back then in my college. Despite my good academic standing, I realized that I was not happy with what I was studying. It was then that I found out about the program taught at Art Center College of Design just 3 months before the application’s deadline. My interest and passion for the career pushed me to make some big sacrifices and worked non stop for two and half months. Fortunately, my work was paid off and I got accepted in the best design school in the US. Now that my dream goal is already within my reach, the only thing that hinders me is my financial restriction. I believe that through your institution I will be able to resolve this problem and continue my journey towards my success.

Digitally Deprived: A Survival Story Essay -- Personal Narrative Techn

Digitally Deprived: A Survival Story As I sit here and recall my last nineteen long years on this planet and my various interactions with different mediums of technology, it has become very obvious to me that I, like most people where I am from, have had really no major interactions with technology compared to others in my age group. I sit in coffee joints at night and watch people become more introverted than a turtle, ducking into their little shells of technological safety. They look at you through their faux, so-call trendy DKNY knock-off glasses, dressed in their Abercrombie clothes, hiding behind nothing but the glow of a laptop or in the corner talking to someone on their cell phones which just happens to match what they are wearing that day, just like every day. It’s hard to sit here and think about what my past experiences with technology have been. For my area we were pretty well off, upper-middle class I suppose. It’s not common to see people with cell phones, pagers, or anything like that. I am the only kid from my class who left the state for college, out of the ten that actually decided to go. Most people are content running family farms or just becoming a "factory rat" as I refer to them. I shouldn’t be too harsh though, three if my family members work there and are all doing very well for themselves. I just can’t imagine watching pills pass by me all day and calling that a career. I believe there is life beyond the one factory in my town. I think the one difference between rural and urban people is that need to have the newest and biggest thing out there, to get them one foot ahead of the rat race. It seems like everyone is scrambling to find that one thing that will set him or her apart from the crowd.... ...ld agree with that as well. One day without service on their cell phones or high-speed Internet and they wouldn’t know what to do. It would be like their little technological world was collapsing. Knowing what I know now, I don’t plan on letting my children be brought up in a technology-based culture. I think it’s better for people to learn that there is life beyond computers, cells, and the Internet. I think we need to take a giant step back and just take in what little bit of real beauty is left in the world, because before you know it, everything beautiful left in the world will be destroyed, and soon there will even be a McDonald’s at the bottom the Grand Canyon, on the ocean’s bottom, or who knows, even in space. I believe that today’s society is so in love with what it could be, that it is forgetting how beautiful it is, and was, and could be if left alone.

The Possible Mechanisms of Scrapie Contraction Essay -- Biology Medica

The Possible Mechanisms of Scrapie Contraction Scrapie was first discovered in Great Britain in the late 1900’s. The first case of scrapie in the United States was found in Michigan in 1947 when the flock owner had imported sheep of British origin several years prior. Since then scientists have researched to find the cause of the scrapie agent that are classified as transmissible spongiform encephalopathy. At the present, scientists have presented three main theories that explain why the scrapie agent holds a dangerous threat against its host and how it elicits its symptoms. Scientists are finding genetic alternatives to prevent and dampen the spread of scrapie within sheep and goat flocks. They use methods such as tatoing and genetic selection to regulate animals exposure to the pathogen. Scrapie is defined as a fatal, degenerative disease affecting the central nervous system of sheep and goats. It is widely feared because of its uncertain origin and therefore its seemingly incurable status. It is closely related and often associated with bovine spongiform encephalopathy (BSE; also known as â€Å"Mad Cow† disease), as well Chronic Wasting Disease (found in deer and elk) all of which are classified as transmissible spongiform encephalopathy. (Q&A. July 2005 http://www.animalagriculture.org/scrapie/AboutScrapie/QandA.htm) Scrapie is usually transmitted from the mother to her baby sheep or goats, through the placenta or the placental fluids. Animals infected with scrapie experience the symptoms and effects of the disease after two to five years post infection. Scrapie can be transmitted to susceptible sheep and goats through contact with the placenta and placental fluids of infected animals. There has been no evidence of human trans... ...entists alike are trying to make up new procedures of prevention to dampen the further spread of scrapie throughout the population of sheep and goats. Such measures taken to prevent the spread of scrapie include the genetic-based flock clean up plan. Here, genetic selection is used as the primary means of scrapie regulation. The United State s Department of Agriculture’s Animal Plant Health Inspection Service is using genetic testing to determine which exposed animals must be removed or restricted in affected flocks and which are free to move unrestricted. This genetic clean up plan calls for the removal or restriction of all exposed susceptible sheep and goats as well as a five-year cycle of strict monitoring for the breeding of all the livestock (The Genetics of Scrapie Susceptibility. July 26 2005: http://www.aphis.usda/gov/us/nahps/scrapie/scrapie_genetics.pdf).

Assignment: Fee Setting Essay

The government benefits seminar for children and families was a major success, so Advocates for Children will carry out a similar seminar in a nearby town. The executive director has decided that this second seminar should make the highest possible amount of money. For this reason, they will not offer a reduced fee schedule, and all attendees must pay the entire fee. This seminar will happen in a smaller room than the first one did, which can only leave space for 45 trainees, at most. Here is the seminar’s proposed budget: Proposed Seminar Budget 1. Conference room rental $175.00 $ 175.00 2. Audiovisual equipment Rental $75.00 3. 4 presenters @ $500 $2,000.00 4. 45 workbooks @ $15 $675.00 5. 45 lunches @ $12 $540.00 6. 45 coffees @ $3.50 $158.00 Subtotal $3,623.50 7. Indirect costs @ 25% of $3,622.50 $ 906.00 Subtotal $4,529.00 8. Profit margin @ 5% of $4,528.13 $ 227.00 Subtotal $4,756.00 You are the executive director. Following the checklist in Figure 11.1, perform all the computations necessary to set a fee. What will your fee be? What is your break-even point? What is your go/no-go decision point? Fixed Costs 1. Conference room rental $175.00 $ 175.00 2. Audiovisual equipment Rental 75.00 3. 4 presenters @ $500 2,000.00 4. Indirect costs @ 25% of $3,675.00 $ 906.00 5. Profit margin @ 5% of $4,594.00 $ 227.00 Total Fixed Costs $3,383.00 Variable Costs 6. 45 workbooks @ $15 $15.00 7. 45 lunches @ $12 12.00 8. 45 coffees @ $3.50 3.50 Total Variable Costs $30.50 Breakeven point I would put my breakeven and go/no go point at 30 attendees. I have set it lower to make up for margin or error, and when more than 30 people attend the profits will also increase. This is the revenue maximization strategy that I will use. XP= A+BX 30P= 3,383 + 30.50(30) 30P= 3,383 + 915 30P= 4,298 P= 143 *Fee will still be set within the standard bracket. Exercise 11.2 As the executive director of Advocates for Children, you have had a change of heart. You decide not to attempt to maximize revenues in this second seminar. You decide to exclude a profit margin in the fee computation, but you will include indirect costs. Additionally, the local United Way in the community hosting the seminar has guaranteed 45 participants. If fewer than 45 participants register for the seminar, the United Way will make up the difference. In exchange for this guarantee, the United Way has asked you to set the seminar fee as low as possible. Following the checklist in Figure 11.1, perform all the computations necessary to set a fee. What will your fee be? Fixed Costs 1. Conference room rental $175.00 $ 175.00 2. Audiovisual equipment Rental 75.00 3. 4 presenters @ $500 2,000.00 4. Indirect costs @ 25% of $3,675.00 $ 906.00 Total Fixed Costs $3,156.00 Variable Costs 5. 45 workbooks @ $15 $15.00 6. 45 lunches @ $12 12.00 7. 45 coffees @ $3.50 3.50 Total Variable Costs $30.50 45 participants 45P = 3156 + 30.50(45) 45P = 3,156 + 1373 (rounded-up) 45P = 4549 (rounded-up) (Divide both sides by 45) P = $101.00 (rounded-up) For 45 participants,the fee is $101.00 (100.63 if not rounded-up). * I chose to use the number 45 because the United Way has guaranteed that they will make up the difference if less than 45 people attend. Reference Martin, L. (2001). Financial management for human service administrators. Boston, MA: Allyn and Bacon.

Introduction About Angiosperms

Introduction About Angiosperms Anatomy is a study of the internal structure of organs. There are between 200 000 and 300 000 different species of angiosperms (flowering plants) known. In comparison with other organisms, only insects number more species than angiosperms. Although a wide variety of flowering plants occur on earth, all have more or less the same structure and consist of three basic organs: roots, stems and leaves.Angiosperms are divided, according to certain characteristics which you studied in std.7, into two large groups, viz. Dicotyledoneae and Monocotyledoneae. In this section I shall refer to the former group as dicotyledons and the latter group as monocotyledons. In this chapter you will learn more about the anatomyRootsThe root system of a flowering plant begins its development from the hypocotyl of the embryo of the seed which gives rise to the primary root. Roots generally grow downwards into the soil (positively geotropic) and upwards (negatively geotropic).Figure 3Roots do not bear leaves and therefore no nodes are present.Two kinds of root systems can be distinguished in flowering plants: tap root systems andadventitious root systems. Usually dicotyledons posses tap root systems and monocotyledons adventitious root systems.Tap Root System: The primary root grows vertically down into the soil in the tap root system. Later lateral or secondary roots grow from this at an acute angle outwards and downwards, and from these other branches may arise. The main or primary root is known as the tap root; together with its many branch roots it forms a tap root system e.g. the bean.Adventitious Root System: The primary root usually dies at an early stage and is replaced by numerous roots that develop from the stem. These roots, which develop from the stem, are...

International marketing Essay

International marketing Essay International marketing Essay Abstract What is Developing Country, it will be good to give you an idea in what it is: A country having a standard of living or level of industrial production well below that possible with financial or technical aid; a country that is not yet highly industrialized. It is a poor country that is trying to develop its resources by industrialization. Imports and Exports are two opposite methods of international trading. An Import is described in trade as being ‘a service or goods brought into a country from abroad for sale or trade’. An Export is described as being ‘a service or goods produced in one country that are sent to another for sale or trade’. Kenya is located in Africa, on the East; just below the "horn" that is Somalia. It's bordered by the Indian Ocean on the South East, Tanzania on the South, Uganda on the West, Sudan on the North West, Ethiopia on the North and Somalia on the North East. In Kenya is the second highest mountain in Africa after the Kilimanjaro. The product that I choose to market in Kenya is the cotton, Kenya has the most labor for textile factory, and they import 30,000 containers of clothes annually, so I think will be a good product to market, because that is the most income that Kenya have, beside the labor are not to expenses and that will help their own business man in Kenya. Kenya is sovereign republic. At independence the government was modeled around the U.S Presidency and British Legislature but later, other amendments were introduced to the structure and nature of the government. With the new constitution the Kenya government structure will change fundamentally. Kenya will adopt a fully presidential system of government, with county government, county assemblies, governors and senators. The Executive and the Legislature will be delinked, unlike in the past where Cabinet ministers were drawn from Parliament. In Kenya, the powers of government are traditionally divided into three main organs the Executive, the Legislature and the Judiciary. The separation of powers here makes the judiciary more independent however, the legislature, which makes the laws, contains members of the executive (President and the Cabinet Ministers) who are responsible for carrying out the laws. The Kenya Revenue Authority was established in 1995 by an Act of Parliament, under Cap 469 of the Laws of Kenya. The Authority has the responsibility of assessing, collecting and accounting for the taxes. It collects revenue and administers the revenue Acts for the purpose of facilitating trade. The Authority collects four main taxes: Customs and Excise, Income Tax, Value Added Tax (VAT) and motor vehicle road licenses and driving licenses. It may collect any other tax assigned it by the government. The Authority is headed by a Commissioner General. There is a board of directors headed by a chairman. There are three Revenue Commissioners, the Register of Motor Vehicles and heads of various service departments. The KRA has introduced remarkable efficiency and professionalism in tax administration and operations. In the period of about eight years it has been in existence, its impact is clearly felt in the society. The headquarters, revenue and support departments are all housed at Times Tower building in Nairobi. Taxes collected in Kenya are: 1. Import duty 2. Excise duty 3. Income Tax 4. Value Added Tax (VAT) 5. Registration and transfer fee of motor vehicles and road and driving licenses. Other government revenues collected by the authority on agency basis include: 1. Petroleum Development Fund 2. Import Declaration and Fund (IDF) 3. Foreign Motor Vehicle Inspection Fee 4. Road Maintenance Levy 5. Road Transit Toll Levy 6. Aviation Revenue 7. Revenue Stamps 8. Kenya Bureau of Standards (KEBS) Levy 9. Widows, Children and Parliamentary Pension Fund, Betting Tax 10. Gaming (casino) Tax. Income Tax in Kenya income tax is almost as old as the customs duty in Kenya. Both taxes were International Marketing Essay International Marketing Essay I- INTRODUCTION: This report will help us understand four main different points between the Saudi Arabia and New Zealanders in term of culture. They have the differences between gender, and social position attitude. Each country still have different opinion about working together and do it yourself. Moreover, the upgrading their social position is hard in Saudi Arabia. The final point in the first cultural difference part will mention about the vital element that make them become unique compare with others. There is religion. And the final part of this report, some recommendation about how Australian firms should do advertising effectively in Saudi Arabia will be make. II- CULTURAL DIFFERENCES: Generally, Saudi Arabia and New Zealand can be represented for two big cultural clusters. The former can be seen as Arab culture, and over millions of people in this culture are influenced by religion, especially Islam. The latter represents for the Anglo culture that we often call Western culture in general. Therefore, they have many significant differences in their religion, decision making style, organizational structure, norms as well as special rituals. Thus, using some studies of Hofstede and Trompenaars will help to measure the cultural differences on a global basis. 2.1 Power distance: The power distance shows the degree to which the level of acceptance by a society of the unequal distribution of powering in institution. According to the chart on an Appendix A, the Saudi Arabia (95) is higher than New Zealand (22) considerably in term of Power Distance dimension. It points out that there is a gap in gender as well as the social position in this country. The men have more power for making decision in the family. The women in this culture have â€Å"no voice†, and they must follow the men’s command. In business, the organizational structure is centralized. The leaders are often man, and there is unfair in working between men and women. That is a reason why the business environment in Saudi Arabia is stressful, and the law system is extremely strict. For example, if a Saudi Arabian woman hug, shake hand or greet with the person who do not know. They will be treated by the Islamic laws. However, the men have a right to shakes hands or kiss on each cheer o f their friends as greeting. By contrast, New Zealanders consider as friendly people. They are easy to say â€Å"hello† to strangers and willing to assist someone without being asking. Moreover, they have a free thought in greeting, and gender as well. That culture make New Zealand organizational structure is low hierarchy, and the employees feel free when they give their comment or ideas with their boss. Gender is no matter in working environment. They depend on their achievement, knowledge, or talent to step up to the higher position regardless who they are, and what is their gender. As the impact of culture, the law systems is fair, and the government of the country is follow the democracy. As the evidence, New Zealand has â€Å"the case law† that depends on each situation; the court will have different verdict after deeply investigation. Otherwise, the law system of Saudi Arabia is based on the â€Å"Koran book† and Prophet Muhammad, so the breaking law will lead the offender to be punis hed by the severe rule without considering for individual circumstance. 2.2 Individualism and collectivism: This cultural dimension refers the degree to which a people in a society follow the individualism, or collectivism (Deresky, 2011, p.112). According to the chart in Appendix, the New Zealand has higher score in this dimension. Therefore, New Zealand pay more attention to the self-reliance, and â€Å"can do attitude†. It is one of the most remarkable points in New Zealand culture. In reality, New Zealander try to develop their children by let them free to discover the world around them. So, New Zealander is quite active, and creative in studying, and working as well. As regards the society, an