Diagram Common Financial Statements Research Paper

Diagram Common Financial Statements - Research Paper Example Organizing financial statements this way lessens the bias that can arise when analyzing companies of different sizes. It also permits for the analysis of a firm over various times, revealing, for instance, what percentage of the sales is the cost of goods sold and how that particular value has changed with time. For example, a common-size balance sheet will report all of the balance sheet amounts as a percentage of the "Total Assets" amount. If Cash was $80,000 and Total Assets were $1,000,000 then Cash will appear as 8% and Total Assets will appear as 100%. If the Current Assets were to be $3,500,000 they will seem to be 35%. If Current Liabilities were given as $1,800,000 then on the common-size statement show it as 18%. By having all of the balance sheet amounts as a percentage of Total Assets, you can compare your company's current asset percentage (and all other line items) to your industry's percentage or to any other company's percentages. It will not matter if the other firm was smaller or larger than your company, since all totals are in percentages of theTotal Assets. This brings the name "common-size." A common-size income statement will display all of the income statement sums as a percentage of net sales. ... Horizontal analysis is a process in fundamental analysis whereby an analyst associates line items or ratios in a company's fiscal statements over a given period of time. In this process, the analyst will use his preference when selecting a particular timeline; nevertheless, the choice is often centered on the investing time horizon under deliberation. In this scenario, when revenues increase by let’s say 10 percent this quarter, horizontal analysis must have been used. Horizontal analysis can be employed in any item that is in the company’s fiscals. This analysis is crucial in relating the performances of several companies (Bragg, 2007). Horizontal analysis is also used when converting the balance sheets and the available income statements the desired change statements. Horizontal analysis bears a resemblance to vertical analysis in the sense that it also converts financial statements balances into percentages. However, instead of computing financial statement amounts i nto percentages of the total assets, or gross sales, it converts the percentage changing income stamen balances and balance sheet numbers from a given period to the next one (Albrecht, 2009). Horizontal analysis can be carried out on ratios such as price earnings ratio, earning per share, dividend payout among others. This analysis can be performed in one of the below methods, that is, Percentage Comparison and Absolute Comparison. Absolute Comparison involves performing horizontal analysis in making comparisons in the the absolute currency aggregates of some pieces over the given period of time. For instance, cash in hand at the closure of an accounting period

Consultancy Report Essay Example | Topics and Well Written Essays - 2000 words

Consultancy Report - Essay Example North Hook Gas is a subsidiary of Exxon Mobil (24%), Qatar Gas (67%) and Elf Petroleum (8.35%) (Nationalgrid, 2014, p. 1). The operations of North Hook Gas are faced with a number of sustainability issues. In order to address these sustainability issues, it is vital to formulate a change management approach for sustainability. This will be achieved through consultancy. The resultant report will identify all the barriers and drivers for change, and provide realistic proposals that will move the firm from a first wave firm to a third wave firm. North Hook Gas faces a number of sustainability issues. The sustainability issues that affect the operations of North Hook Gas can be divided into the external and internal categories. All the sustainability issues faced by North Hook Gas have a bearing on the firm’s external environment. The first external issue that affects the operations of North Hook Gas is the environment in which the firm is located. The terminal is located within the Pembrokshire National Park (BBC News, 2007, p. 1). The location of the park raises a number of environmental issues, particularly within the scope of environmental pollution. The second external sustainability issue is concerned with the risks posed by the firm. The local community is concerned that the pipeline will leak gas, which might cause safety and health issues. The third external issue that affects the firm is waste management. The firm must have a capacity to handle, remove or dispose all hazardous materials coming from the facil ity. Pollution is also a major sustainability issue that affects the operations of North Hook Gas. The internal operations of the firm contribute to carbon dioxide emissions. Additionally, the terminal is the largest in the world, which means that it receives a lot of sea and road traffic. This also contributes to carbon dioxide emissions (Hydrocarbon-Technology, 2014, p. 1). The internal sustainability issues faced by North Hook Gas include the lack

The Creative Innovation and Vast Influence of Merce Cunningham Essay

The Creative Innovation and Vast Influence of Merce Cunningham - Essay Example If I was one who did not know his background, I would just see him as an old, shriveled, slow-speaking senior citizen dispensing wisdom on dance and life from his wheelchair and regaling his glory days when he had his share of the limelight as the star of the show. Yet, upon listening to his words, one can be enamored by his passion for the arts, notwithstanding his age and disability. In his advanced age, when most of his contemporaries are long dead or shoved in nursing homes rendering them useless to society, Cunningham remained vigilant in his post as guard of the dance, issuing instructions for his company of dancers as he envisions the dance in his still brilliant mind. He may sit immobile in his wheelchair, but his spirit and ideas joined the nubile movements of his dancers on the floor. That vision alone encapsulates how innovative and influential he was in the world of dance. This paper will explore how he came to be such. Travelling back in time to his origins as a young da ncer, Merce Cunningham started training in all-round theatrical dance at the tender age of twelve under the supervision of Mrs. J.W. Barrett. He went on to further his studies at the Cornish School in Seattle, Washington and became a mentee of the eminent dance diva, Martha Graham. This grand dame had a great influence on the young Cunningham, as she prodded him to pursue professional dancing and choreography as a career. In 1944, he first collaborated with long-time art and life partner, John Cage in a dance concert where he choreographed his dances as the dance soloist to the original music composed and performed by John Cage. The resulting performance was something new for everyone to see and it elicited a gamut of reactions from all sectors. The resounding critique was made by Edwin Denby who noted that he had ‘never seen a first recital that combined such taste, such technical finish, such originality of dance material, and so sure a manner of presentation’ (Gresko vic, 1999, p. 72). Indeed, Cunningham has lived up to that compliment all throughout his dance career. In 1953, Cunningham had his own company of 5 dancers, including himself. He preferred to maintain a small group that even in 1994, there were only 17 including the choreographer. His fortunate dancer-trainees eventually went on to develop their own careers as dancer-choreographers and made names for themselves. Some of these were Paul Taylor, Remy Charlip, Viola Farber, Margaret Jenkins, Douglas Dunn, Gus Solomons, Jr., Karole Armitage and Ulysses Dove (Greskovic, 1999). The prominence these mentees of Cunningham gained was a reflection of his great influence in their dance philosophies. Cunningham’s dance innovations never ceased to amaze the audience. Asked if he was out to shock people with his dances, he claimed he was not, but was out to bring poetry in their lives. He brought a twist to ballet, which was so much part of the modern dance innovations but somehow put an e dge to the classic dance. He combined what he learned from ballet such as the pronounced use of the legs, with the strong emphasis on the upper body in modern dance methods. Greskovic (1999) identifies one of Cunningham’s technical advancement in relation to ballet’s five positions of the feet that he referred to as the Five Positions of the Back – upright, curve, arch, twist and tilt. A meticulous artist, Cunningham did not stop at designing details of his choreography but also dabbled with the music that accompanied the dance. The unconventional sound elements used may be disturbing to the audience simply because it is unfamiliar and therefore, uncomfortable.

Operation Menu - a covert bombing conducted in eastern Cambodia Research Paper - 1

Operation Menu - a covert bombing conducted in eastern Cambodia - Research Paper Example In my own opinion, I feel that this was a show of the US government’s unwillingness to accept diplomacy in conflict resolution. According to the VVAW (Para. 1), the Cambodia bombing continued despite a peace treaty â€Å"bombing halt† that required that the US stop its attack in Indo-China. The US launched over 500 thousand tons of bombs. The main targets of the bombs were the people’s army of Vietnam (PAVN) and forces of the Viet Cong and their air bases that were used to as the supply and training areas. The US persisted bombing despite the countries uncooperativeness to the diplomatic missions launched to end their conflict with Vietnam. According toTucker (740), this was a war whose intentions were personal and did not rhyme with the international strategies of resolving conflicts. This is the reason why the US kept the mission secret because they did not have any good reason to attack this country. From a critic’s point of view, Tucker states that the US government was undiplomatic in launching such a covert attack against Cambodia at a time when there was hope for a peaceful resolu tion. Other scholars have provided that the US president Nixon depicted the highest level of imperialism in their attack of the Cambodia. Owen and Kiernan (1) focused on the revelation of the Cambodia bomb attack after Bill Clinton, the US president released information that the US had concealed about the bombing. The purpose of Bill Clinton was to show the US’s accountability and its commitment to establish honesty in its history. From this report, it is clear that the magnitude of the bomb attack was much higher than what the people had approximated. It also reveals that most of the bomb targets were unclear and they remained undocumented even after the covert war. However, it is clear that there was catastrophic damage and the civilians in Cambodia suffered a great deal during this attack. According to Owen

Smartphones Annotated Bibliography Example | Topics and Well Written Essays - 500 words

Smartphones - Annotated Bibliography Example There are a thousand parts of the smartphones that cause a range of concerns. Such issues range from freezing to the force closing of application and booting attached problems just like computer or tablet problems. The warranty coverages halt after some years and hence the customer remains responsible for the hardware or software replacement. In addition, cost a chief setback to smartphones with respect to owning and operating smartphones (Perlow 34). It is interesting to uncover that one’s monthly cell phone bill for the smartphone is higher as compared to ordinary cellphones. Chief Cellphone carriers like Verizon, AT&T, and T-Mobile and Sprint users pay up to 75 and 120 dollars monthly for Smartphones excluding taxes and fees. The initial costs of acquiring smartphones are also high with a minimum $600. However, it is beneficial to signing on with carriers to due to discounts after signing a contract service. Smartphones provide capabilities such as those of Blackberry, iPhone, Windows Phone and Android that far much compared to basic clamshell and flip-style phones. Smartphones presents users with ability to check for social media sites, email conversation and transaction performance like read books and instant messages. As the smartphones provide capabilities that ordinary cellphones, a sense of convenience crops in those basic cells cannot provide. The GPS application capabilities offer users turn-by-turn directions to anywhere from all location. Bank account balance can be accessed; social networking further helps users keep close ties with relatives, friends and families (Perlow 52). The used smartphones will cost less relative to new ones but still perform the functionality required. They are purchased on auction sites such as eBay as well as when advertised in local newspapers classifieds sections and Craigslist. However, one must assess the smartphone for any past

Market Economics Essay Example | Topics and Well Written Essays - 1500 words

Market Economics - Essay Example Economists basically realize 4 kinds of markets i.e. perfect competition, monopoly, oligopoly and monopolistic competition. Under perfect competition the firms are numerous and the buyers have perfect knowledge of the current market situation and hence the sellers are known as price takers because no one buyer or seller can influence the market to charge their desired market price and hence have to sell products at the price where the market tends to clear. In this form of competition there are only short term profits because there are virtually no barriers to entry and hence when the demand increases there are supernormal profits to be earned for a short period of time because when other suppliers see that the industry is earning super normal profits they tend to move into the market to get their share of the market, this tends to increase the supply of the industry and the profit levels tend to decrease as more and more suppliers move into the industry. This type of earning of a sh are of the super normal profit is known as hit and run competition because suppliers move in when the industry is earning super normal profits and leave as soon as the super normal profits are not earned any more due to increased supply. In conclusion a firm in perfect competition is a price taker because of the perfect knowledge and the number of firms and the output decisions are influenced by the demand of the goods and the number of suppliers. Monopolies consist of only one firm in the industry which is the sole supplier of the goods for that particular industry. Such a situation emerges when the firm has total control over the resources that are needed to produce that particular good in this case it is known as a 'natural monopoly'. The other scenario could be that the firm could have set very high or very rigid barriers to entry and hence no other firm can break through these barriers to gain entry into the industry. The monopolistic firm can control either of the two things at a time a) the price of the good b) the quantity that they wish to sell The monopolist cannot control both because he cannot control demand, if he wishes to sell the product at a certain price then the demand curve for that industry or that good would determine what quantity of goods are sold at that particular price and if he wishes to sell of a particular quantity then the demand for that good would establish the price at which the good would clear the market. The monopolist power to influence price depends upon two factors: a) the number of substitutes b) the power to restrict the entry of the firms into that particular industry Monopolistic competition is one where there are a large number of firms in the industry producing similar products but no two products are the same hence the concept of brand image and quality is catered to in this market structure and hence products are differentiated, the firms are price makers. In order to change the price firms will have to tinker with the level of quantity. The monopolistic competition market earns normal profits in the long run because there are very few barriers to entry into the in

Business Systems Analysis and Decision Support Essay

Business Systems Analysis and Decision Support - Essay Example following three ways will go a long way in ensuring the development of a satisfactory MIS; Business System Planning (BSP), Critical success factor (CSF) and then we have the End/Means (E/M) Analysis (Lotfi & Pegels 1986 pg. 86-102). This is one and the most vital way of determining the requirements of an MIS in MagiCo operations and in any other multinational organization. This methodology is pre-formulated by IBM itself and therefore it is standard for any form of organization that intends to use its applications. This methodology goes a long way in first establishing and listing down all the priorities in terms of Information System of the organization. One of the ways it does this is by identifying the way data is maintained in the system. To arrive at this important requirement, the relevant parties will use data architecture supporting applications (Lotfi & Pegels 1986 pg. 86-102). This will go a long way in defining the classes of data by employing the use of different matrices. As a result, relationship is established within the organization and its processes as well as the data requirements. Because of this approach, MagiCo will be able to find and establish the requirements of its system in the broad c ategorical approaches. The approach as developed by John Rockart takes the dimension of identifying the key business goals and the strategies as are planned to be applied by each manager. These are combined with those of the overall business and a comparison is thereafter made. The business and the management goals are then evaluated and this results into the establishment of the Critical Success Factors that underlie these broad goals and objectives. The identification of the CSFs will mean that the irrelevant factors are eliminated forthwith leaving the analyst with the next step of the CSF analysis (Lotfi & Pegels 1986 pg. 86-102). This is the measure of the effectiveness of CSF an activity which will go ahead in defining the requirements of the