Analysis of Financial Statements of Bogus Limited For the Year-ended Essay

Analysis of Financial Statements of Bogus Limited For the Year-ended 30 June 2004-2005 - Essay Example The firm's inventory turnover also shows net improvements in its efficiency. In terms of stability, although there is marked recovery in the leverage and liquidity ratios, Bogus Limited's debt ratios imply that the firm is still highly leveraged and may possibly encounter liquidity problems in the future as a result of its financial positioning. Given these outcomes, a potential shareholder is recommended to invest in the company and take advantage of the firm's bright earnings prospect. In light of the firm's highly-leveraged position, a potential creditor is recommended to prudently extend credit line to Bogus Limited. Prior to arriving at an investment decision, potential shareholders and creditors must initially analyse the financial position and health of a particular company. This report provides an overview of the financial standing of Bogus Limited as at year-end 30 June 2005. It intends to aid a potential shareholder in assessing the feasibility of investing in the company's stocks by reviewing the overall and per-share performance of the firm in the past two years. Moreover, this report aims to assist a potential creditor in evaluating the company's financial health by looking at the efficiency and stability of Bogus Limited as indicated by the liquidity, leverage and turnover ratios posted in the given period. Body of the Report Performance Based on the income statement of Bogus Limited for year-end 2005 and 2004, the firm's sales increased by 26% or $554.4 million, from $2,124.1 million to $2,678.5 million. This signals that the company has sustained its earnings growth from operations in the last two years. This assertion on the firm's profitability is supported by the net profit margin posted that rose to 13% as at year-end 30 June 2005 from 11% in the previous year. Although the company's cost of goods sold substantially increased resulting in lower gross profit margin, Bogus Limited is

Rome Essay Example | Topics and Well Written Essays - 750 words

Rome - Essay Example Plagues and floods took their toll. More crucially, the aqueducts which had formed the backbone of the efficient and complex water supply system that served most of Rome fell into disrepair after barbarian raids, leading to the population shrinking towards the river Tiber and around the Campus Martius, and falling to less than 50,000 people. Into this situation the popes of Rome stepped in, creating a serviceable network of churches and ecclesiastical institutions in order to govern the city. The city was thus introduced to Christianity and soon laid claims to being the most important Christian spiritual center. But the Church was not alone in wanting to govern Rome. By 552CE, Rome came to be occupied by the Byzantine empire, and thus began a conflict of interest between the church and the Byzantine regime that was to last for the next few centuries. Under the Byzantine rule, trade, commerce and administration deteriorated, and Rome became a shadow of its former self. The Byzantine emperor Constans II visited Rome in 663 CE, only to strip the city of all its metal from buildings and statues in order to make armaments. The Byzantine city of Constantinople soon emerged to usurp all the commercial successes of Rome, and its former influence in trade in Europe and Asia. With the decimation of the aristocratic class of Rome, a huge market of luxurious goods eventually disappeared taking away prosperity from the common people of Rome, many of whom had found jobs in the trade or manufacture of luxury items. A lot of the famous Roman skills in artisanship also disappeared due this lack of market. More and more people began leaving Rome. Trade in Rome also suffered due to insecure road and maritime travel at the mercy of Germanic and barbarian tribes in what was left of the mighty Roman empire. After Pope Gregory I took over in the 6th century and began to exert more influence than the Byzantine imperial exarchs, the populace of Rome got divided into the clergy, nobility, soldiers, and the lowest class, thus introducing a sphere of Christian influence in socio-political scenario in Rome. But the Church and its members that wanted to govern Rome along with the Byzantian empire were more interested in self-aggrandizement than in the benefit of the city itself, having become too used to the luxurious ways of the erstwhile Roman elite. Even before the fall of Rome, the popes had concentrated their energies in developing their own domain at the eastern edge of the city far away from other Roman habitations, called the Lateran. It is to Lateran that the church limited most of its activities in Rome largely ignoring the disrepair to which the city gradually fell. The pilgrimage to the shrine of St. Peter, where the saint's holy remains were supposed to have been interred, became a sort of commercial activity around which a suburb developed after a fashion, but even the visiting pilgrims who came to pay their homage failed to make any difference to the state of Rome and its gradual decline. Even after the suzerainty of Rome to the Byzantine empire was formally over in the 800CE with the crowning of Charlemagne as Holy Roman Emperor by Pope Leo III, the papacy was not able to consolidate its hold over the city, and the Arabs sacked

The Validity of Creationism and Evolution Essay -- Science Creationism

The Validity of Creationism and Evolution Abstract: This paper discusses the validity of both creation and evolution and examines whether they can interact with each other. Besides doing my own research, I have chosen to interview four people extensively involved in either Christianity or biology. I specifically picked interviewees who strongly supported either evolution or creation to get both sides of the issue. Two of the people were from United Christian Fellowship (UCF): Andrew Larratt-Smith, leader of UCF, and Ricardo Dawkins, UCF small group member. I also interviewed two biologists: Paul Matsudaira, MIT Biology professor, and Bettina Bauer, a post-doctoral fellow in the HST department. Paul considers his religious beliefs in between agnosticism and Catholic. He was baptized in the Roman Catholic church but has not thought about God extensively. Bettina is neither religious nor anti-religious. She says that if God really exists, it would not change her life. From these interviews, I hoped to gain a better understandi ng of creation and evolution and examine whether they can co-exist. Creationism is based on the belief that God is the intelligent Designer who created our universe and the natural things in it. It is derived from the two stories of Genesis. The first of the stories (Genesis 1:1-2:3) states that God created the heavens and the earth, light, water, vegetation, animals, and then man in the image of him. In the second account (2:4-2:9), God made the heavens and the earth, water, man from the dust, and then vegeta-tion and animals. Clearly these two accounts differ from each other in terms of order. The response I received from creationists (Andrew) was that the Bible must not always be taken literall... ...onists want to put the hand of God behind various scientific processes, scientists cannot show that they are incorrect. His reasoning is that religion is dogmatic and not scientific in its nature. In conclusion, history has shown that religion and science can interact, and that reli gion has adjusted to the renewing knowledge of science. Therefore, the claim that science and religion are in separate spheres is not solid reasoning to avoid interrelating the two. However, religion as a whole does not need to obey scientific laws, nor can it be proved through repeatable experiments. It may never be disproved by science because its strength is gathered from the faith of its followers. Hence when scientific theories such as evolution extend itself to answer questions of why humans were created and what began life, it will ultimately fail in its attempts.

Financial crisis in Kazakhstan

Introduction The purpose of this paper is to describe 2007-2009 global financial crisis reasons and define its consequences for Kazakhstan economy. From the very beginning of year 2007 global economies faced series major economic and financial problems. Many economists consider events started in 2007 as the worst financial crisis since the Great Depression of the 1930s and the latest phase of the evolution of financial markets under the radical financial deregulation process that began in the late 1970s.Since the Great Depression in 1930s almost everyone believed that financial arkets need to be regulated to be stable, avoid fraud and manipulation. The strict financial regulatory system was created by US government to protect the country from mentioned dangers. It worked effectively through the 1960s. Economic and financial turbulence in the 1970s and early 1980s led to both a paradigm and a policy regime shift.Efficient financial market theory and new classical macro theory replaced the existing system of tight financial regulation. Such developments facilitated the transition to a new globally-integrated deregulated neoliberal capitalism. As a result the world faced the threat of total collapse of large financial institutions, the bailout of banks by national governments, and downturns in stock markets around the world. In many areas, the housing market also suffered, resulting in evictions, foreclosures and prolonged unemployment.The crisis played a significant role in the failure of key businesses, declines in consumer wealth estimated in trillions of US dollars, and a downturn in economic activity leading to the 2008-2012 global recession and contributing to the European sovereign-debt crisis. 2. Reasons Attempting to identify the factors that caused the global financial crisis is a discussion which has been raging over the last few years, with some people pointing to one area, and others looking at other guilty ones for what has been one of the most devas tating and groundbreaking events of the economy in recent memory.The global financial crisis might seems to be that it hasn't affected ordinary people, but this certainly isn't the case, as regular workers in some of the massive companies that have been bankrupted have become unemployed, and cities and towns across he United States have been decimated if a major employer in the area has gone out of business. There are a number of factors which are generally pointed to when looking at the reasons that triggered the global financial crisis.One of the main reasons which is often pointed to as one of the main triggers of the global financial crisis are the mortgage derivative products, where risky mortgages were packaged with more traditionally secure mortgages and sold to corporate investors and other banks as secure investment products. This packaging of mortgages is generally ccepted to have masked the real risks that were linked with such a product, which gradually grew as lending c riteria were loosened in the first five or six years of the twenty first century. Between 1997 and 2006, the price of the typical American house increased by 124%.During the two decades ending in 2001, the national median home price ranged from 2. 9 to 3. 1 times median household income. This ratio rose to 4. 0 in 2004, and 4. 6 in 2006. This housing bubble resulted in quite a few homeowners refinancing their homes at lower interest rates, or financing consumer spending by aking out second mortgages secured by the price appreciation. By September 2008, average U. S. housing prices had declined by over 20% from their mid-2006 peak. Easy credit, and a belief that house prices would continue to appreciate, had encouraged many subprime borrowers to obtain adjustable-rate mortgages.

The Third Largest Publicly Traded Technology American Multi-National Corporation Free Essay Example, 2000 words

To enable this, the company has adopted an electronic procurement system, which is more effective and allows real-time communication with the stakeholders in the supply chain (David, 2007). However, there are challenges faced by the company in dealing with on-time delivery. This aspect seeks to ensure that customers are served with the desired products and services just when the demand arises for them. To enhance its customer service, the company needs to improve in this area. There are some strategies that the company has adopted that allow it has a competitive edge over the others in the global IT market. Patenting is one of these strategies, where the company holds more patents than any other US-based IT company (Benjamin, 2010). This strategy serves to ensure that the company is always in a position to undertake the production and provision of goods and service that are limited from other companies. The possession of a patent gives the company an exclusive right to specialize in some areas of product and service provision. This way, the company has always had an upper hand over the others operating in the same industry. We will write a custom essay sample on The Third Largest Publicly Traded Technology American Multi-National Corporation or any topic specifically for you Only $17.96 $11.86/pageorder now Innovation is another strategy that the company has adopted, which serves to enable the company to be in a position to keep abreast with the current technological advances. The company has established nine research laboratories worldwide (Doug, 2008). This way, the company guarantees the provision of advanced products and services to its customers. It is also a strategy meant to ensure that the company is not outdone by the others in new product development and launch in the market. Such are the strategies that have served to propel the company to rank among the most profitable companies in the world. The aspect of innovation has been integrated into the mission of the company, serving as one of the bases of organizational culture that the company upholds. Innovation allows the company to launch new products and services consistently into the market.

Functional Safety, Fire Protection And Radiation Protection

Functional Safety Student: Ken Kaufmann S14004464 Lecturer/Tutor: Fatima Mansour Table of contents 1 Introduction 1 2 Standard definitions 1 2.1 IEC 61508 1 2.2 IEC 61511 1 3 Case study 2 4 Conclusion 2 5 List of references 2 6 List of Figures 3 1 Introduction The increasingly extensive automation of complex system, presents completely new challenges to the development of technical solutions. The complexity of systems, whose malfunctions cause’s significant damages, are able to cause of most errors. In work areas such as aerospace or in power stations, there has always been ahead of awareness. There are international standard and guidelines available, which defines the requirements for safety-related equipment in different depths and classifications. 2 Functional Safety Functional safety refers to the part of the security of a system, which depends on the correct function of the safety related system and other risk mitigation techniques. Functional safety does not include electrical safety, fire protection and radiation protection. Systems which are consisting out of electrical and electronic components are used since many years to perform safety functions within the most application areas. Programmable electronic systems or also called computer based systems, are used in every application area, to perform non-safety functions and recently safety functions. [1] Within every industry sector, functional safety is applicable as concept. For SafetyShow MoreRelatedSmoke Alarms1556 Words   |  7 PagesEach year most people are in disbelief and doubt that something as critical as a fire could happen to them, this skepticism has led to more deaths and property damage than should have occurred. In the current generation smoke alarms are mandatory and advancements to the technology have been occurring rapidly. With the use of smoke detectors, firefighters have been more successful in the saving of lives and the protection of property. Even with smoke detectors getting more technologically advanced, researchersRead MoreThe Effects Of Radiation On Public Health2064 Words   |  9 PagesThe Effects of Radiation in the Environment on Public Health Introduction Radiation in the environment is widespread and a necessary process for the existence of life. We encounter it from natural sources like the sun or from modern technology such as computed tomography better known as CT scan, and nuclear power plants. Radiation from sunlight is essential but too much of it can be harmful, just as the use of radiation in CT scans. Computed tomography can provide lifesaving information aboutRead MoreThe Disaster Preparedness Cycle Of Chernobyl1345 Words   |  6 Pageshistory of the disaster, preparedness, and will be discussed, as well as the disaster preparedness cycle. The disaster at Unit 4 at Chernobyl occurred at 0124 on April 26, 1986 (Smith and Beresford, 2005). At this time, there were four functional units for generating electricity, with two more being built (Smith and Beresford, 2005). On April 25, these RBMK-1000 reactors were having supply failure testing performed at the time of the disaster (Smith and Beresford, 2005). To do this, theRead MoreThe Effects Of Radioactive Wastes On The Environment2165 Words   |  9 PagesIntroduction Radiation in the environment is widespread and a necessary process for the existence of life. We encounter it from natural sources like rocks, soils and the sun1,2 and from modern technology such as computed tomography better known as CT scan, and nuclear power plants. Radiation from sunlight is essential but too much of it can be harmful, just as the use of radiation in CT scans. Computed tomography can provide lifesaving information about disease but in high doses can also causeRead MoreThe Nuclear Of Nuclear Power2618 Words   |  11 Pagesfission because fusion is almost impossible to achieve due the conditions needed to have the reaction occur. One place where it is known that fusion can take place is the sun. When one thinks of nuclear power, they think radiation, however not all nuclear reactions emit radiation. The reason why all nuclear power is radioactive is due to the fact that radioactive elements, especially uranium, is used because of it is the easiest to produce a nuclear fission reaction because it is a large element andRead MoreThe Nuclear Of Nuclear Power2545 Words   |  11 Pagesfission because fusion is almost impossible to achieve due the conditions needed to have the reaction occur. One place where it is known that fusion can take place is the sun. When one thinks of nuclear power, they think radiation, however not all nuclear reactions emit radiation. The reason why all nuclear power is radioactive is due to the fact that radioactive elements, especially uranium, is used because of it is the easiest to produce a nuclear fission reaction because it is a large element andRead MoreArmy Safety Essay3672 Words   |  15 PagesAppendix A References Section I Required Publications AR 385–10 The Army Safety Program AR 385–40 Accident Reporting and Records DA PAM 385–10 The Army Safety Program DA PAM 385–40 Army Accident Investigation and DA PAM 385–64 Ammunition and Explosives Safety Standards DA PAM 385–90 Army Aviation Accident Prevention Program FM 5–19 Composite Risk Management Section II Related Publications A related publication is a source of additional information. The userRead MoreNanotechnology in Aviation2303 Words   |  10 Pagesthe next 20 years by an average growth rate of about 5%. Main reasons are GDP growth, increased globalization, and population growth. To satisfy these expectations aircraft companies are looking for new technologies. They are looking for increased safety, reduced emissions, reduced noise, increased capacity, increased range, enhanced payload, higher speed, lower operating and maintenance costs, better overall management of the aircraft and its use. II. Properties Of Nanomaterials The main drivingRead MoreWhy Teach Industrial Controls Without Being Brand Specific?1942 Words   |  8 PagesHISTORY OF THE UNDERWRITERS LABORATORY AND THE NFPA History Technology works with society and grows over time. A historic perspective aids in understanding where we come from and why we do what we do. The engineering codes known as the National Fire Protection (NFPA) Codes are a large part of devices and buildings today. This is a history of the NFPA. The Birth of NFPA Significant Codes for this Text This text will specifically discuss sections of NFPA 79: Electrical Standard for Industrial MachineryRead MorePaper on Work Place Safety10014 Words   |  41 PagesEMP 5103 RELIABILITY, QUALITY AND SAFETY ENGINEERING EMP 5103 TERM PROJECT ON: WORKPLACE SAFETY SUMMARY In this paper, workplace safety is discussed. Analysis of historical data on workplace accidents were used to establish the need and importance of workplace safety. Relationship between Safety and Reliability Engineering was established to show how reliability engineering techniques

Buad 310 Case Analysis Instruction - 1395 Words

BUAD 310 Spring 2013 Case Due by 4PM on Friday, May 3rd (in BRI 400C) In this case you will apply statistical techniques learned in the Regression part of BUAD 310. Please read the following instructions carefully before you start: †¢ This assignment uses data from the file MagAds13S.XLS, which you can download from Blackboard. After you download the file go to Data → Load data → from file in StatCrunch to open it (you don’t need to change any of the options when loading this data.) †¢ The entire report should be typed and clearly presented without typos and grammatical errors. Copy and paste the relevant (explained further in more detail) regression output into your document. Do not attach any graphs.†¦show more content†¦b. Evaluate the regression assumptions by assessing the residual plot. c. Examine each of the explanatory variables individually to determine which are contributing significantly to the model. (Use the significance level of 5 %. Do NOT actually eliminate any variables from the regression at this stage.) d. Using the same model with all the variables, provide an appropriate 95%-level interval to the retail clothing company for the amount that they would pay for a full-page ad in a magazine with a projected audience of 2,000,000 readers, 55 percent of which are male, with a median income of $30,000. Explain in one sentence and in simple terms what this interval means. 3. Rerun the regression in part 2 with circ replaced by LN_circ (the natural logarithm of the variable circ), keeping all the other variables the same. Include the relevant regression output (only the coefficient and ANOVA tables). [Stat ( Regression ( Multiple Linear, then fill in the proper Response and Predictor variables, then click Next twice and under Save options select Residuals and Predicted values. Produce a residual plot the same way as in question 2]. a. How does this model compare to the previous model using R-squared? Explain what this difference in the R-squared values means in simple terms. b. Evaluate the regression assumptions by assessing the residual