The Way to the Future or Path to Financial Ruin free essay sample

After witnessing the TED Neha Narula presently director of research at the Digital Currency Initiative. It is technically, Bitcoin is a fork and Bitcoin Cash is the original blockchain. When the hard fork occurred, people had access to the same amount of coins on Bitcoin and Bitcoin Cash. As I understand Bitcoin is an open-source, peer-to-peer, digital decentralized cryptocurrency. It is powered by the Blockchain technology, its defining characteristic is its decentralization, i.e. the lack of central governing authority, such as a central bank or a ministry of finance. Bitcoins issuance and circulation are ensured by regular users via a process known as Bitcoin mining. Bitcoins price is determined by supply and demand. The specific exchange rates are formed in the process of Bitcoin trading on various online exchanges. Just as with any other currency, Bitcoins price is ever-changing and depends on a multitude of factors, including but not limited to the number and size of businesses which accept bitcoins as payment, general sentiment regarding the cryptocurrencys future and pure speculation. We will write a custom essay sample on The Way to the Future or Path to Financial Ruin? or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page So what about future of money by the regulators around the world are trying to throttle the popularity of cryptocurrencies. But every time they do this, the crypto world bounces back bigger and stronger than ever before.Since, cryptocurrencies are the first step to a world with a global programmable money they can pay anyone else securely without having to sign up or ask permission, or do a conversion or worry about money getting stuck. This is a really amazing thing. Its the idea of permission-less innovation. The Internet caused an explosion of innovation, because it was built upon an open architecture and just like the Internet changed the way we communicate, programmable money is going to change the way we pay, allocate and decide on value.Clearly the future of the money can be used in programmable transaction sometimes not safe and secured. All new technology comes with trade-offs. The Internet brought us a lot of ways to waste time. But it also greatly increased productivity.

Food Web Case Study Essay Essay Example

Food Web Case Study Essay Essay Example Food Web Case Study Essay Paper Food Web Case Study Essay Paper A nutrient web is a type of graph that depicts the relationship between the quarry and the marauders. besides known as a system of nutrient ironss and how one another are related. This can be better explained as a connexion in a community. Food webs are of import because it is a direct illustration of the relationships among certain species within a certain community. Right off the graph will uncover the type of species. what they interact with. the construction in which the environment they are located. and demo the dealingss between each species. Because it is called a nutrient web. the name has already shown that the relationship that will be represented will be a relationship refering nutrient. Within any given nutrient web. there can really perchance be more than one nutrient concatenation located inside of the existent nutrient web itself. The different types of nutrient webs will refer specifically to that environment merely. Ecological interactions determine flow of the nutrient web. Food webs will change from simple to complex dependant on the type of nutrient web being viewed. Competition : â€Å"Animals need air to take a breath as a beginning of nutrient. to eat to supply certain minerals to supply some of the body’s demands and to imbibe ( BioTopic. com. 2014 ) . † Because the demands vary from one species to another. there comes the demand to vie for many things for the demand to last. Even if this means that the species themselves are considered portion of the nutrient web as a repast for a larger species. With non merely the competition to last to do it out alive through another twenty-four hours. there is the demand to make a household and besides happen a safe topographic point to populate ( BioTopic. com. 2014 ) . Because these animate beings have couples to take attention of. kids to feed. and the demand to protect what is theirs comes a whole new definition of the word competition. Many rivals within the nutrient concatenation can at times be after the same types of nutrient. seeking for the same type of shelter can do issues between non merely species. but the life organisms that thrive within these eco systems like workss. Plants are besides in demand of resources ( BioTopic. com. 2014 ) . Although their demands will differ from most animate beings. they are invariably in demand of O during daylight hours. Oxygen for workss is a beginning of foods and energy that allow them to turn and boom. Resources that animate beings compete for ( BioTopic. com. 2014 )1. Food2. Water3. Space4. The chance to copulate Resources that workss vie for ( BioTopic. com. 2014 )1. The nutrient that animate beings waste2. Some workss are pollinated by animate beings3. Water. Light. MineralsFood WebsBeginning web is a type of nutrient web in which one or more types of quarry are eaten by their marauders and so forth up the nutrient web. A community web will uncover a connexion of who chows who. Energy flow web is a type of nutrient web that will picture the energy amongst the consumer of the energy. and the beginning in which the energy is coming from. A Sink web is a type of web that illustrates this quarry eating another quarry. and this quarry eating the following quarry. and the following quarry eating the following quarry. Paleecological web will visualise the ecosystem demoing images that depict all the manner back to dodo. A functional web will resemble in expression to that of the community web. It will demo the dealingss between connexions of predator/prey. energy flows. the smaller nutrient web wi thin the web. and a predictable form for what type of species need what types of nutrient and natural resources. The most common of the nutrient web are the community web and the functional web. They are the types of webs that most users are more familiar with in footings of what they are called and what they entail. Boxicity Tropic Status Trophic degrees depict how the manufacturers. carnivores. and the herbivore have similar yet different types of feeding places. The First degree consist of the workss. the 2nd degree consist of the herbivores. carnivores are decidedly in the 3rd degree and sometimes the 4th. When one species or being is located in the nutrient web. they are finally take parting in nutrient transportations. Which is nutrient concatenation traveling from species to species. or being to being. Rose Plant gt ; Aphids gt ; Beetle gt ; Chameleon gt ; Hawk ( Bcb. com. 2014 ) . The illustration listed here is a great illustration to utilize because it shows one being eating another. Real Life Applications Animals that fertilize the grass.Grass that uses sunshine to turnAnimals that eat grass. and in bend produce milk. meat. or their fur coat.I usage myself for my last illustration. I am a human being. located within my ain nutrient web. I eat nutrient that semen animate beings. I need the O that omits from trees and workss to last. I go to work every twenty-four hours to supply for my household so that I can feed them. When I am using for a occupation I am in competition with others that are looking to take attention of their households. therefore we are in competition with each other. I consume the natural resources that my eco system has to offer. I eat animate beings that in bend may eat other animate beings. The image above is besides a existent universe word picture that relates a directed multi graph that is the nutrient web to a existent universe scenario to better understand the dealingss in a mathematical manner. MentionsBcb. com. Tropic degrees. Retrieved on April 14. 2014. Retrieved from:hypertext transfer protocol: //www. bcb. uwc. Ac. za/sci_ed/grade10/ecology/trophics/troph. htm Biotopics. com. Competition. Retrieved on April 14. 2014. Retrieved From:hypertext transfer protocol: //www. biotopics. co. uk/newgcse/Competition. hypertext markup languageFigures Retrieved From:World Wide Web. googleimages. comfile: ///C: /Users/Green/Downloads/mth221_r2_food_webs_case_study. pdf McGuigan.Robert A. 13 Food Webs. Retrieved on April 14. 2014. Retrieved from:hypertext transfer protocol: //highered. mcgraw-hill. com/sites/dl/free/0073383090/299355/Apps_Ch13. pdf

Research paper Assignment Example | Topics and Well Written Essays - 1500 words

Research paper - Assignment Example The greatest happiness is fulfilled when acts that produce maximum happiness for those affected-the best results-are considered morally good acts. In utilitarianism, ethical behavior implies acting in the interests of the larger group, even if one must sacrifice one’s own interests to do so. The welfare of the group matters not the individual. Higher pleasures are logical or intellectual while lower pleasures are concerned with the physical needs. The role of pleasure is to provide happiness. Showing compassion for the society helps an individual care for the community in which he or she lives. Compassion is very significant to an individual in that it makes them realize the meaning and purpose of life, which is to be happy. This is because since every person wants to be happy, they will do anything to avoid misery and suffering. Virtues are important because they help human beings to derive pleasure in their actions, have uniformity in the way they act, and act promptly which in turn will result to peaceful co-existence, thus everybody will be happy about the life they live. Posner is following the principle of act utilitarianism in that he desires to die so that he does not cause financial constrain to his family. In the early 1960s, Ford’s market position was being heavily eroded by competition from domestic and foreign manufactures of subcompacts. Lee Iacocca, then President of Ford, was determined to regain Ford’s share of the market by having a new subcompact, the Pinto, in production by 1970. Then Ford engineers crash tested an early model of the Pinto. They found that when the automobile was struck from the rear at 20 miles per hour, the gas tank regularly ruptured. Stray sparks could then ignite the spraying gasoline, engulf the car in flames, and possibly burn the trapped occupants. Nonetheless, Ford management decided for several reasons to go ahead with production of the Pinto as designed. First, the design met all applicable fe deral laws and standards then in effect. Secondly, the Pinto was comparable in safety to other cars being produced by the auto industry. Third, an internal Ford study indicated that the social costs of improving the design outweighed the social benefits. According to the study, it was estimated that a maximum of 180 deaths might result if the Pinto design were not changed. For purposes of cost/benefit analysis, the Federal government at that time put a value of $200,000 on a human life. Consequently, the study reasoned, saving 180 lives was worth about a total of $36 million to society. On the other hand, improving the 11 million Pintos then being planned would cost about $11 per car for a total investment of $121 million. Since the social cost of $121 million outweighed the social benefit of $36 million, the study concluded that improving the Pinto design would not be cost-effective from a societal point of view. 1. Identify the relevant issues for decision-making In early 1960s, F ord’s market position was wearing down due to high competitions from domestic and international manufactures of subcompacts. Therefore, the Ford Motor Company, endorsed by the vice-president Lee Iacocca, came to a decision of manufacturing a new subcompact car called Pinto that was to be produced domestically at an affordable price. The decision of manufacturing Pinto was also aimed at gaining large market share for the company, the designing and development of Pinto car was therefore accelerated in order to

The West Term Paper Example | Topics and Well Written Essays - 750 words

The West - Term Paper Example Western culture also includes social norm’s heritage, political system. People involved in Western culture are very religious and believe in ethical and traditional values. It is also includes a mature political system. People in Western culture mostly use new technologies in their work. Western culture is also rich in art, music, tradition, folkloric, spiritual thinking, moral tradition, literary, philosophy, social values and many more. Their spiritual thinking is powered by Biblical-Christian and the cultures like art, music are introduced by Romanticisms. Many cultural values are developed in Post- Classical Era. Graeco Romans along with Renaissance influence the valuable culture like philosophy, literacy and tradition. It is also rich with heritages of Germanic, Slavic, and many ethical groups and Celtic. Because of its richness in literary, arts, music, philosophy and many other things Western culture is different from other area’s civilization. Most of the traditional knowledge is gained from Western Canon and it is one of the major parts of Western culture. Due to the effect of cold war our earth splits in three worlds. The world on the first position is referred to as West, the second part is given to Warsaw Pact and Soviet Union and the last part is the integration of different countries like Yugoslavia, India, China and many more. The Western part includes members of NATO and many other countries that are associated with united state. Many countries like Switzerland, Ireland, Austria and Sweden are not feeling comfortable because of the happening done during cold war. Finland remains under the control of military sphere of Soviet Union and many other remaining countries remain neutral because these countries were not communalist and they were not the member of Commence. Apart from this these neutral countries were the member of EFTA and follow the culture of Western civilization. Spain joined NATO after 1982 i.e. after the end of cold war

Nursing image petition and call for action assignment

Nursing image petition and call for action - Assignment Example The name of this character is Vivian Scully; this character appeared in eight episodes of the twelve episode season. Vivian Scully is student of nursing, and she is very ambitious, but her ambitions her limited to have a doctor husband, who is young, good looking, and rich. Throughout the first season the character of Vivian Scully is shown to be indulged into seducing Dr. Ethan Haas, who is young, talented and handsome. In reality â€Å"the nurse sustains a collaborative and respectful relationship with co-workers in nursing and other fields† (International Council of Nurses, 2012 p4). The show has however tied up the whole staff of the Washington University’s Hospital into a market of pleasure, which is quite objectionable, for people who are of a healthcare system, and those who respect these professionals. The purpose of media is to highlight the critical matters, and to make people aware about the truth (Spurr, Berry, & Walker, 2013). However, in entertainment industry there is little leverage that allows the artists to portray the world according to the theme that they have pictured in their minds. With the freedom of expression, there is also some duty on the artists, they must not create fiction that falsify the reality or put it upside down (Hoeve, Jansen, & Roodbol, 2014). Nursing is one of the professions that have suffered at the hands of movie directors, and script writers (Weaver, Salamonson, Koch, & Jackson, 2013). â€Å"The nurse at all times maintains standards of personal conduct which reflect well on the profession and enhance its image and public confidence†( International Council of Nurses, 2012 p 3). In movies and dramas however, nurses are portrayed as shallow creatures; the role Vivian Scully in one of the recent HBO’s productions i.e. The Masters of Sex has not done justice to the profession of nursing. I accept that professionals involved in nursing are not of the same mind set or caliber,

Financial Statements Analysis of Competitors

Financial Statements Analysis of Competitors The two U.S. companies Lowes and Home Depot are two leading competitors on the DYI market who are both listed on the U.S. stock market. You are to carry out a financial statement analysis of these two companies covering the period 2002 to 2006. Specifically, you are to: 1. Analyze and evaluate the balance sheet for assets and liabilities that are not recorded. Kohlbeck (2004) argues that, using the case of banks, few firms disclose the value of their intangible assets, and few provide any information enabling investors to make an informed judgement as to the value of these assets. As such, given that companies will tend to categorise and record the value of all their tangible assets, actually quantifying the value of any assets that are not recorded on the balance sheet is likely to be very difficult. Bodenhorn (1984) argues that non recorded assets can have a value assigned to them from the future value of the cash flows that they will generate. However, again companies rarely assign cash flows to intangible assets, such as branding, further making this difficult. As such, the analysis and evaluation will need to take on a qualitative nature. Both Lowe’s (Shareholder.com, 2008) and Home Depot (SEC, 2008) provide details of cash and cash equivalents, short-term investments, and inventory in their current assets, and land, buildings, equipment, leasehold improvements and construction in progress in their fixed assets. However, Lowe’s does not include any trade receivables in their current assets. This could mean that the company does not have any trade receivables, or it could imply that the company is being prudent, and not recognising these receivables until they have been paid. In addition, Lowe’s does not record any goodwill, which could mean that the company has either not made any acquisitions, that it has only paid market value for them, or that it is not recording the goodwill as it does not see it as a reasonable asset: maybe the value of the goodwill will need to be downgraded. Neither company has recorded any asset value for brand value, employee skills and knowledge, or customer loyalty. Whi lst this is in accordance with international accounting standards, it nevertheless fails to acknowledge what could be a significant source of value for the companies (Quick, 2002). In terms of liabilities that are not recorded, the only potential items which may not have been recorded are pension liabilities, with neither company including them as an item of their annual reports. Whilst the FASB issues Statement No 158 in 2007, which made it a requirement for employers to move pension liabilities onto the balance sheet (Miller and Bahnson, 2007a), this requirement may not yet have impacted on these accounts. Other than this, modern accounting standards generally require that all liabilities be kept on balance sheet, hence there are unlikely to be any other liabilities which are not recorded by the balance sheets. 2. Analyze and evaluate the balance sheet for the current value of assets and liabilities. When determining the current value of assets and liabilities, it is necessary to consider both their balance sheet value and their liquidity (Allen and Carletti, 2006). For example, if inventory has to be sold off quickly, it will rarely achieve its full valuation, and items such as goodwill will have no immediate current value. In contrast, banks can often call in loans and other liabilities at their full value. Applying this to the two balance sheets: Cash and cash equivalents can be counted at full value Short-term investments will be counted at 80% of value, to reflect losses and penalties on disposal Receivables will be counted at 90%, as bad debts will likely increase in the event of a quick sale Merchandise inventories will be counted at 20% to reflect the difficulty in disposing of them Other current assets, deferred income taxes, and goodwill will be excluded, as they have no tangible saleable value. Property and associated fixed assets will be counted at 50%. Long term investments and notes will not be counted, as it may not be possible to recover this money in short order. Lowe’s: ItemBook valueCurrent value Cash and cash equivalents281281 Short-term investments249200 Merchandise inventory7,6111522 Deferred income taxes2470 Other current assets2980 Property, less accumulated depreciation21,36110,681 Long-term investments5090 Other assets3130 Total assets30,86912,684 Total liabilities14,77114,771 Net value16,098(2,087) Home Depot ItemBook valueCurrent value Cash and Cash Equivalents445445 Short-Term Investments129 Receivables, net1,2591,133 Merchandise Inventories11,7312,346 Other Current Assets1,2270 Net Property and Equipment27,47613,738 Notes Receivable3420 Goodwill1,2090 Other Assets6230 Total assets44,32417,671 Total liabilities26,61026,610 Net value17,714(8,939) Whilst this analysis is somewhat basic, and the assumptions contained within it have not been rigorously tested, it demonstrates that, in the event that either company’s full liabilities became payable at short notice, both companies could have difficulty raising enough money to cover them. However, this is unlikely as both companies have a significant amount of their liabilities in the form of long term loans, which are unlikely to become due immediately. 3. Analyze and interpret the effect on financial results and ratios of the companies choices of accounting methods and assumptions made under these accounting methods. In accordance with the US GAAP, both companies declare that they use estimates for determining the carrying value of assets and liabilities which cannot be otherwise determined (Miller and Bahnson, 2007b). As such, both companies acknowledge that the value they have applied to some of their assets and liabilities may be different from their actual value, which would depend on the circumstances in which these items were valued. This has had an effect on the financial results because, if the estimated value is incorrect, it will potentially have an impact on profits and net asset values, and hence affect all ratios which depend on these items. Furthermore, the companies have both declared cash and cash equivalents to be made up of actual cash, cash in deposit accounts, and investments with maturity dates of less than three months from the date of purchase. In addition, they have classified payments made by credit or debit card around the time of preparation of the accounts as being cash equivalents, as they will generally be paid within two or three business days. This has impacted on the value of cash and cash equivalents, and also on the value of trade receivables and short term investments. As such, whilst it will not have affected the value of current assets, choosing different criteria would have led to a different value for cash and cash equivalents, and would thus have affected the quick ratio. When recording merchandise inventory, both companies record the value of their inventory at the lower value of the cost to purchase or the market value, based on the first-in, first-out (FIFO) method of inventory accounting. As such, and as demonstrated by Bruns and Harmeling (1991), the value of inventory recorded in the financial accounts will be different than in another method, such as LIFO, was used to calculate the value of the inventory. This will affect the value of current assets, and also of total and net assets, thus affecting the majority of ratios related to the balance sheet. Lowe’s also records an inventory reserve, which is to be used to cover any loss associated with selling off inventory at less than its book value. This reserve will affect the value of inventory, and will also presumably affect the value of cash and cash equivalents if it is made up of liquid investments which are not held as such. As such, this may further affect several of the company†™s ratios. Finally, both companies use the straight line method to depreciate assets over their useful economic lives. As such, they will produce different values for fixed, total and net assets than they would under different methods of depreciation accounting, which will affect most ratios based on these values. 4. Interpret indicators and determine the companies earnings quality. According to Richardson (2003) some of the primary indicators of a poor earnings quality include an increase in trade receivables; a link between growth in earnings and a reduction in the effective tax rate; capitalising interest payments; and a large number of significant one off items. In addition, an positive correlation between cash flow and earnings, as well as a higher gross margin, indicate a high quality of earnings (Bao and Bao, 2004). Applying this to Lowe’s, there are no figures given for trade receivables in either of the past years. This can be taken to indicate that the company is not owed any significant receivables, thus implying a high quality of earnings. Over the past three years, there has been no noticeable change in the tax rate experienced, however, whilst post tax earnings grew from 2006 to 2007, they fell from 2007 to 2008, which may indicate further future falls in earnings. There is no evidence of a capitalisation in interest payments by the company, and nor are there any major one off items, with the profit and loss account remaining fairly consistent from year to year. Gross margin has also consistently increased, going from 34.2% to 34.64%. However, there has been a larger increase in general expenses, which has caused a fall in overall earnings. There has also been an increase in cash flow over the three years, further indicating high earnings quality. Home Depot has experienced a significant fall in trade receivables over the past two years, and has had no significant change in its tax rate. However, its revenues have decreased over the past three years to a much greater degree than Lowe’s. Whilst part of this can be attributed to a fall in sales over the past two years, it is also due to a significant increase in selling and general expenses, which may also threaten earnings quality. Again, there is no evidence of capitalisation of interest payments or of major one off items. However, whilst Lowe’s has grown its gross margin, Home Depot has experienced no changes in margins, and its cash flows from operating have fallen more significantly than its earnings over the past two years. As such, Home Depot appears to have a much lower quality of earnings when compared to Lowe’s. 5. Discuss which of the two companies think produce more reliable financial reporting and discuss which of them you would choose to invest in. You have to use many ratios (the most common ratios), you have not a limited number of ratios to use in your analysis. From the examination of the financial statements discussed above, there does not appear to be much difference between the reliability of the financial reporting methods of both companies. Both companies follow US GAAP regulations and standards, and both appear to interpret the rules in the same way. Both are publicly listed companies, and both sets of accounts include statements that they have followed accounting standards, been audited, and are Sarbanes-Oxley compliant. As such, the main differentiator between the two companies will need to be the ratio analysis of their financial accounts. The ratio analysis, detailed in the appendix below, reveals that both of the companies are very similar in their financial performance, which is probably largely due to the fact that they operate in the same industry and very similar markets. In terms of liquidity, Home Depot has a better current ratio and quick ratio, due to its trade payables. However, Lowe’s has a better operating cash flow, a fact which was commented on in the previous section regarding earnings quality. Home Depot has a higher rate of turnover for all five ratios, indicating that it is better at using its inventory and assets to generate sales, however Lowe’s higher gross margin and net margin (return on sales) indicates that Lowe’s is better at generating profits from these sales. In addition, Lowe’s has a lower debt to equity and debt ratio, as well as higher interest cover, which indicates that Lowe’s is better placed to withstand any falls in revenue and profit, which were also remarked on in the earnings quality section. As such, in conclusion, I would avoid investing in either of these companies based on the current falls in their earnings and the concerns about the wider performance of the US economy (Emerging Markets Monitor, 2008). However, if I were forced to choose between the two companies I would choose to invest in Lowe’s. This is because Lowe’s has shown itself to have better quality earnings, higher margins and lower debt ratios that Home Depot. As such, Lowe’s looks better placed to withstand any earnings shocks or economic issues in the US market and provide sustained long term value. In addition, Lowe’s is not carrying any goodwill or trade receivables on its balance sheet, which makes it less vulnerable to defaults from its debtors and enforced goodwill writedowns. References Allen, F. and Carletti, E. (2006) Mark-to-Market Accounting and Liquidity Pricing. Working Papers Financial Institutions Center at The Wharton School; Preceding p. 1-31. Bao, B. H. and Bao, D. H. (2004) Income Smoothing, Earnings Quality and Firm Valuation. Journal of Business Finance Accounting; Vol. 31, Issue 9/10, p. 1525-1557. Bodenhorn, D. (1984) Balance Sheet Items As The Present Value Of Future Cash Flows. Journal of Business Finance Accounting; Vol. 11, Issue 4, p. 493-510. Bruns, Jr., W. J. and Harmeling, S. S. (1991) LIFO or FIFO? That Is the Question. Harvard Business School Cases; p. 1. Emerging Markets Monitor (2008) US: A Recession In All But Name. Datamonitor Emerging Markets Monitor; Vol. 14, Issue 5, p. 1-2. Higgins, R. C. (1997) Analysis for Financial Management: 5th Edition. Irwin / McGraw Hill. Kohlbeck, M. (2004) Investor Valuations and Measuring Bank Intangible Assets. Journal of Accounting, Auditing Finance; Vol. 19, Issue 1, p. 29-60. Miller, P. B. W. and Bahnson, P. R. (2007a) Pension Accounting. Journal of Accountancy; Vol. 203, Issue 5, p. 36-42. Miller, P. B. W. and Bahnson, P. R. (2007b) Refining Fair Value Measurement. Journal of Accountancy; Vol. 204, Issue 5, p. 30-36. Quick, C. (2002) Can You See The Value? Accountancy; Vol. 130, Issue 1308, p. 47-48. Richardson, S. (2003) Earnings Quality and Short Sellers. Accounting Horizons; 2003 Supplement, Vol. 17, p. 49-61. Shareholder.com (2008) Lowe’s Investor Relations. http://www.shareholder.com/lowes/edgar.cfm?DocType=AnnualYear= Accessed 15th June 2008. SEC (2008) Home Depot Incorporated: HD. http://secure.secfilings.com/company/checkout.php?step=2_offer_id=1CIK=354950fid=50002 Accessed 15th June 2008. Appendix Ratio Analysis (Higgins, 1997) RatioCalculation methodLowe’sHome Depot Current RatioCurrent Assets1.121.15 Current Liabilities Quick RatioCash + S/T Inv + Receivables0.070.14 Current Liabilities Operating Cash FlowCash Flows from Operations0.560.45 Current Liabilities Inventory TurnoverCost of Goods Sold / Inventory4.154.38 Receivables Turnover Sales / Accounts ReceivablesN/A61.44 Payables TurnoverSales / Accounts Payables13.0014.40 Fixed Asset TurnoverSales / Fixed Assets2.172.61 Total Asset TurnoverSales / Total Assets1.561.75 Debt to EquityTotal Liabilities0.921.50 Shareholders’ Equity Debt RatioTotal Liabilities / Total Assets0.480.60 Interest CoverageProfit before income and tax63.9710.41 Interest Expense Gross Margin(Sales – COGS) / Sales34.64%33.61% Return on SalesNet Income / Sales5.82%5.68% Return on AssetsNet Income / Total Assets9.10%9.92%

Accounting :: GCSE Business Marketing Coursework

Accounting Accounting Project BAC 3AA Profile of an Accounting Department My interview with the accountant of Robin Hood Multifoods Inc. was one of the greatest interviews I have ever experienced. The person whom I interviewed was Mr. Jeff R. Scott. Jeff was a really nice person when I asked him questions. His desk was not as organized as I thought, because accountants are really organized. The reason is because he just got promoted from assistant controller to controller. As I asked him more and more questions, the answers that came back at me were pretty interesting. Jeff R. Scott is a Chartered Accountant acquired at the University of Western Ontario. His requirements of completing C.A. were a business degree, he had to join a C.A. firm – also know as an â€Å"article†, and completing the C.A. exam. Skills included aptitude with numbers, relationships between numbers, algebra, and high-level thinking e.g. summarized data, interpreting what 3-4 pages means in 5-6 years. What might this job lead to? This job will most likely lead onto intern al audit, managerial, and vice president of finance. How much influence does Jeff R. Scott have in the department/company? In his own words, â€Å"I’m in full control. I tell people what to do, whom to fire, whom to hire, what their salary should be. Why? Because I’m the controller†. He has leadership, teamwork. Does not really have a routine set for his staff, as long as the work is done. The working hours what the company refers to as â€Å"flex-time†. Hours of work for Jeff R. Scott is 7 a.m. – 6 p.m. For the staff, it is 7  ½ hours. The salary for Jeff R. Scott is between $90,000 - $120,000. Here are some extra information that I fount out. There are a total of 54  ½ employees working in the