Profit and loss account and balance sheet Essay

Profit and loss account and balance sheet - Essay Example This means that the financial status of the organization can be known by simply looking at these accounts. The users of these final accounts include the owners of business, managers, shareholders, government, creditors and the directors amongst other stakeholders of the business. These are mainly the people who are directly affected by the performance of the business, which is a significant factor in regard to credit worthiness of a business. On the other hand, government taxation is usually levied depending on the profitability and size of the organization. These aspects can be known through the final accounts (Dyson 2001 p 45-48). This essay is a critical evaluation of the purpose of the Profit and Loss Account and Balance Sheet to the various users or stake-holders. This is a critical component of an organization's financial report that provides information regarding capital, the long and short term assets as well as long and short term liabilities. This means that the owners of the business can get information regarding the possessions as well as the debts of the business by simply looking at the balance sheet. It is significant in avoidance of losses in the business operations. It indicates whether assets match with the liabilities hence it is useful in setting up the business strategy. This is mainly because a business will try as much as possible to ensure that the liabilities are checked in order for them not to go beyond a certain level whereby the debts may be more than the assets, a situation that may lead to insolvency of the business, which according to Berman (2008 p 11) is referred to as balance sheet insolvency. The wise use of the balance sheet can help in avoiding bankruptcy. The balance sheet is also significant in the evaluation of expenditures as well as the debts incurred by the business. The total spending by the business in a trading period is reflected in detail on the liabilities section. This gives the managers an opportunity to understand the items which significantly reduce the assets of the business. This knowledge is important in helping the managers to develop strategies for reducing the expenditures especially on the needless items. Expenses can be reduced through the use of inexpensive materials as well as the expenses that the business can do without. Strategies can also be developed to leave the assets that are not very necessary to the organization in order to pay the owing debts. (Weekman 2003 p 45- 51). Most of the time a business will be anticipating income which needs to be tracked in order to ensure that it is not lost before it is acquired. The balance sheet helps in tracking these receivables. It gives a detailed list of these receivables which indicates the payments owed to the business by customers. These payments are usually apparent in the balance sheet, which makes it possible for the managers to make a follow up in regard to their clearance. It is also significant in helping the managers to make a critical analysis of the inclination of the receivables and the amounts owing (Dyson 2001 p 56). They are able to identify whether the anticipated income is taking longer than expected and whether there is anything that can be done to facilitate

Nuclear Magnetic Resonance Spectrometry Essay Example | Topics and Well Written Essays - 1500 words

Nuclear Magnetic Resonance Spectrometry - Essay Example A large variety information is obtainable through a nuclear MRS spectrum. Much like the way infrared spectroscopy is used to identify functional groups, the analysis of a 1-dimensional nuclear MRS spectrum provides information on the number and type of chemical entities in a molecule. The impact of MRS on the natural sciences has been substantial. It can, among other things, be used to study complex mixtures of analytes, understand dynamic effects like change in reaction mechanisms, pressure and temperature, and investigate protein and nucleic acid structures and functions. It is a method that can be applied to a wide variety of samples, both in solution and solid state. MRS is a tool used by biochemists for medical research projects, and by doctors to gather useful clinical information which can be helpful in the diagnosis and treatment of various diseases. It applications in the field of medicine are, in general, within the scope of detecting neurological disorders. For instance, it is used to identify Neural Progenitor Cells in the live human brain without any risky surgery of any sort (Manganas, et al., 2007). Neurological infections require immediate identification and treatment. Medical physicists and doctors have always found it difficult to accurately and rapidly diagnose such infections in both children and adults. MRS, however, has opened up new avenues and is now used as a safe, non-surgical method for the identification of brain infections like brain abscess and meningitis. Outside neurology, MRS is used to measure phosphate, phosphocreatine, ATP and phosphodiesters in fibromyalgic muscle tissue (Sprott et al., 2000). Furthermore, this technique is currently being investigated to study a number of other diseases in the human body, most notable of which include cancer, epilepsy and Huntington's Chorea. MRS methods can further be divided on the basis of the specific procedures and principles used during detection and investigation. Correlation spectroscopy is one of the several types of 2-dimensional nuclear MRS techniques. Others types of NMR spectroscopy techniques include Exchange spectroscopy, J-spectroscopy, Protein Nuclear MRS, Total Correlation spectroscopy, Solid-state Nuclear MRS, and Nuclear Overhauser effect spectroscopy (Wuthrich, 1990). Solid-state nuclear MRS is often related to structural investigations of membrane proteins, protein fibrils, polymers, and inorganic chemical analysis. Protein nuclear MRS, on the other hand, has major applications in pure structural biology, where it is used to obtain high resolution 3-dimensional protein structure and dynamics, much like what is produced by X-ray crystallography albeit in a less destructive manner using much lesser energy. The entire phenomenon of magnetic resonance is a result of the fact that a spinning charge generates a magnetic field around it having a magnetic moment proportional to the spin. When an external magnetic field is applied to a sample, two possible spin states exist for any atom- +1/2 and -1/2. The magnetic moment of the lower energy spin state (+1/2) is aligned with the external field, and that of the higher energy spin state (-1/2) is opposed to the external field. The difference in energies of the two spin states is dependent on the external magnetic field strength, and is usually kept very small. Though the spin states have

Effect of the American Revolution on Native American groups Research Paper

Effect of the American Revolution on Native American groups - Research Paper Example The Native Americans had no centralized governance that can unite the whole country. In addition, they also had no laws. With this, Europeans described the Native Americans as barbaric or savage. Although the Native Americans had their own civilization, the Europeans still considered it as something backward as compared to their own civilization. This perspective became the reason of the Europeans to colonize America.2 Parts of America became a colony of the Spanish a year after Columbus’ discovery of it. There had been major changes in America. Since the reasons of Spanish in colonizing other territories included â€Å"glory, gold and God†, the major changes in the American Indians’ lives happened in these areas. In this era, Native Americans first acquired their religion, Catholicism.3 America was rich in resources and this attracted more colonizers, which included French and Dutch people. Also, the colonizers started mixing or forming marriage with the Native Americans.4 All colonizers of America contributed to the development of the nation. Each colonizer has its own perspective of living that has been imparted to the Native Americans. Also, one of the major contributors in civilization of the Americans was the English nation. The English nationals brought Protestantism in America. They also introduced the notion of â€Å"conqueror† to the Americans. Also, they started the slavery of the â€Å"blacks†. The English brought Africans to America and treated them as slaves working in the agricultural sector.5 It can be seen that colonialism greatly affected Americans. From being â€Å"behind† and â€Å"savage†, the Americans acquired religion, improved food system and governance from their colonizers which shaped the identity of the Americans. However, they did not settle as a colony only. America acquired freedom from their colonizers and became a nation. The Americans revolted against their colonizers and strugg led to achieve independence.6 From the revolution, Americans developed their definition of freedom. Americans worked to improve the view of the nation in terms of slavery. America became United States of America after the revolution.7 The development of country was soon observed. There were issues concerning the nation that the leaders started to encounter such as the establishment of the government and different social issues (e.g. gender issues) that started to rise and affect the development of the country. The Americans applied what they learned from the past years of being a colony to their newfound freedom. The building of the nation was much improved, laws were made and disputed. Slavery was reformed and people became more educated. After being colonized, America enlarged the nation’s territory also. Although the slavery had been reformed, it was not enough to eliminate slavery especially in the non-white settlers of United States of America. The people’s belief on their race heightened and expanded outward their territory. The US expanded their territory to the West. The Americans viewed their own race to be more important than that of the people with different skin color. They felt that it was a Divine right to extend their territory and the other

Strategic Management Analysis Essay Example | Topics and Well Written Essays - 1250 words

Strategic Management Analysis - Essay Example With the company being driven towards revolutionizing the locomotive industry by 2020, the company made a difference through offering alternative mechanisms of powering locomotives by use of electricity, which is seen to be less hazardous while compared to the fossil fuels commonly used. Despite the fact that the electricity technology for locomotive propulsion existed even prior to the combustion engine technology, the Better Place organization is celebrated for improving on these ideas and designing improved systems for revolutionizing the industry. This therefore imply that the absence of the organization would imply that no solution to the problem of green gas emissions highly contributed by the locomotive industry would have been found and no efforts would be pursued to make the world a better places as the organization envisions. Better Place’s Visions: the organization’s main vision had been to link together the main players within the locomotive industry globall y for a more unified system in production and improvement of the locomotives produced. This meant that unification of customers, car companies, utilities as well as battery companies would ensure that the electric vehicles would be widely adopted. Besides, owing to the major hurdle that the EVs faced in reduced mobility, the company has a vision to improve on mobility of the EVs (Etzion and Struben, 2011, p. 5). Better Place’s stakeholders: The main stakeholders in the Better Place organization were the various governments that were supportive to the initiative and which are affiliated through registration and financial support, as well as general auto manufacturers interested into such a promising venture. Despite the governments contributing on financial resources, they also aided through policy frameworks to create an enabling environment in respective countries. Ideas and general infrastructure of manufacture of such vehicles was offered by the auto manufacturing companie s affiliated to the ideology of better place on the planet. Scenarios and industry analysis: The locomotive industry has undergone great and notable steps over generations since the initial era when transportation was through animal driven locomotives. Technological advancement brought about the discovery of the steam engine, which was initially developed for farm mechanization but later it was adopted for personalized mobility. However, with basic notable shortcomings in use of steam engines for personalized movement, the electric vehicle was designed in the early years of 19th century. Preference of electric vehicles to steam vehicles was on cleanliness, little noise and general ease of use. It is worth noting that the EVs were more expensive to the steam ones but by the close of the 19th century, more EVs were sold. Henry Ford later invented the ‘assembly line’, which is equally celebrated as a remarkable step in revolutionizing the locomotive industry by reducing ma nufacture time as well as the related costs of labor. The Ford, Chrysler as well as the General motor companies was the dominant companies in the time, which specialized in manufacture of the ICE vehicles though others slowly came in. It is to be noted however that the effects of use of the fossil fuels by the ICE are adverse to human health and the

Choosing the Right School Essay Example | Topics and Well Written Essays - 1000 words

Choosing the Right School - Essay Example Therefore, the selection of a school is one of the most important decisions in the life of an individual. This paper discusses some of the factors that need to be taken into consideration while selecting for studying in up to a certain level. the paper addresses the concerns of adolescents, so they are primarily the audience for this paper. There are several factors that need to be considered while evaluating the choices available. An individual can not always decide to join a particular school of its quality of education is good because he/she might not be able to afford the expenses of the school. Schools that have a good reputation among the public and are known for their quality of education are generally quite expensive. An individual needs to select a school that has a good reputation and is also affordable. Affordability and quality are difficult to achieve in the same school, though the school that offers optimum benefits should be selected. The first and foremost trait one l ooks for in a school is the quality of education. The quality of education depends upon the level of commitment of the school administration and the whole staff of the school with their duties and responsibilities in the school. The quality is not merely an outcome of the selection of curriculum. In many schools, the curriculum is quite rich and thoughtfully designed, yet it does little to improve the intellect of the children. The real determinants of the quality of education are the tutors. Some teachers are so committed to their job that they encourage the students to approach them out of the regular duty hours if they have any problems, in education or otherwise. They do not even mind if the students come up with personal problems that have no educational significance. They are the spiritual guides and counselors of students in addition to being their teachers. In the company and under supervision of such a teacher, students tend to build strong ties with the education and take interest in the studies. This essentially speaks of the quality of education. In addition to the teachers, the school administration also plays a fundamental role in determining the quality of education. They may or may not participate directly in the education, but they have an important duty of establishing the educational setup, which has both direct and indirect impacts on the education. An individual should consult the students and their parents regarding these factors in a school before deciding to join it. Another factor that has a lot of weight in the consideration of a school for joining is the distance of the school from an individual’s home. The expenses of a school can significantly increase if the school is far away from the home because of the additional charges of transport to the school. Some people tend to live in a hostel in order to study in a particular school of their choice which has its own repercussions. Life in a hostel can be very unsuitable for some people. Living in a hostel is totally different from living in the home while studying. There are so many distractions in the culture of a hostel that an individual may find it very difficult to concentrate upon the studies while living in the hostel. In a hostel, the individual may have to share his/her room with others which can have negative impact on the individual’s tendency to gain education. Quite often, people acquire negative habits when they start to live in the hostel like smoking and drinking under the

Hedda Gabler by Henrik Ibsen Essay Example for Free

Hedda Gabler by Henrik Ibsen Essay Henrik Ibsen writes realistically, meaning that he writes in a way which is relatable and constant to the time period and characters. He doesnt get overly dramatic. There are multiple themes in Hedda Gabler such as Manipulation, Wealth, Reputation, and Death. Since it is a play, it does not have a point of view. Summary Hedda Gabler is a play that takes place entirely in the living room and another room off to the side in the fashionable side of Christiana, Norway, in 1890 or earlier. The newlywed couple of Jurgen and Hedda Tesman come back from their 6 month honeymoon and wake to find that Jurgan Tesmans aunt Julle has come for a visit. This scene establishes Heddas disinterest in Tesman, as she is rude to his aunt and him. A woman named Mrs. Elvested arrives and informs the crowd that Tesmans rival, Ejlert, is back in town and she is concerned that being back in town will cause him to fall back into old alcoholic habits. Later, Judge Brack arrives and brings gossip from the town. He tells Tesman that Ejlert is a candidate for the professor position that he wants stirring up worry between Tesman and Hedda. Judge Brack and Hedda have a private conversation and decide to become confidants and Hedda confesses that she is bored with Tesman and unpleased with the house he bought her. Tesman arrives back and drinks with Brack while Hedda and Ejlert make conversation. Hedda is bored and decides to pit Ejlert and Mrs. Elvested against each other, causing Ejlert to start drinking again and upset Mrs. Elvested. Tesman, Brack, and Ejlert leave for a party that Brack is throwing. Mrs. Elvested is concerned but Ejlert promises to return to escort her home. Mrs. Elvested goes in another room to sleep when Tesman comes home. He announces to Hedda that he has Ejlerts manuscript that he dropped when he was walking home and he intends to return in. Brack arrives and informs them that Ejlert got arrested. Brack leaves and then Ejlert gets there and tells Mrs. Elvested that he destroyed the manuscript, unaware that Tesman is in possession of it. He later confesses to Hedda that he lost it and is now suicidal. Hedda gives him a pistol and tells him to die beautifully. She burns his manuscript. Act four begins with everyone dressed in black for Tesmans Aunt Rinas death. Mrs. Elvested arrives and tells everyone that Ejlert is in the hospital. Then, Brack arrives and tells them that he is dead, a gunshot wound to the chest. Tesman and Mrs. Elvested try to reconstruct Ejlerts manuscript and Brack tells Hedda that his death was messy and an accident. He also tells her that scandal will probably befall her. She goes into a side room and plays the piano for a bit before shooting herself. Conflict, Climax, Resolution The conflicts in the story are that Mrs. Elvsted is distraught and has left her husband, Ejlert could start drinking again, the Judge wants Hedda in one way or another, and Tesman has to compete for his professorship. The climax is when Hedda burns Ejlert’s manuscript and then aides in his suicide. The denouement is when the judge explains everything and Mrs. Elvested and Tesman work on reconstructing the manuscript. Character Analysis Hedda Gabler is the antagonist of the story, causing most of the conflicts. She was raised in a wealthy family and when she married Tesman she had to accommodate to much less fortune than she is used to. She is manipulative and cruel to most of the characters in the play. Jurgan Tesman is Hedda’s husband. Although he is vastly intelligent, he is oblivious to her cruelty. He tries very hard to please her and went to great lengths to buy her a house a support her and provide everything she needs. He was raised by his Aunt Julle. Judge Brack is essential to the story because he is Hedda’s closest confidant. He also brings news to the story; he serves as sort of a gossip source. He visits the Tesman residence often, as he is close with both Tesman and Hedda. Ejlert Lovberg is Tesman’s long-time academic rival. He is Tesman’s only competitor for a professorship. He is back in town and has a published novel with good reviews. He also has a manuscript for another novel. He once shared a close relationship with Hedda. Mrs. Elvested hired Ejlert as a tutor for her children but grew attached and now acts as his assistant/secretary and travels with him for his writing. She is concerned about his drinking problem. Mrs. Elvested also went to school with Hedda where she was bullied by her.

Discuss the importance of dreams Essay Example for Free

Discuss the importance of dreams Essay He compares them with other people who had dreams of owning a farm. I see hundred of men come by on the road an on the ranches ; an every damn one of em got a little piece of land in his head. An never God damn one of em ever gets it. He believes Lennie is crazy. Notice that unlike the other workers, Crooks job is stable and secure. When Candy comes in and starts talking about the dream and how they have most of the money for the dream, he changes his mind and wants to be a part of it want a hand to work for nothing-just his keep, why Id come an lend a hand. I aint so crippled I cant work like a son-of-a-bitch if I want to. And because of this, his confidence has built up and feels he can do anything. Curleys wife comes in into the scene and reduces Crooks confidence by saying she is going to put him into trouble. She feels she is better than him because of his colour. Well, you keep your place then, Nigger. I could get you strung up on the tree so easy it aint even funny And this makes Crooks lose all hope of becoming a part of the dream because he thinks that is the way George and Lennie will possibly treat him when he works on the farm. well jus forget it, I didnt mean it. Jus foolin. I wouldnt want to go no place like that. Notice what Crooks says about people having dreams but not being able to fulfil them, he knows that people have other priorities and problems and the dream only remains a dream. This reflects on what Lennie does and how the dream is destroyed. Curleys wife also had a dream but her dream was unlike the other characters that had dreams. Her dream was to become a famous actress and be in the cinemas, and she believes everything other people tell her about her talent Coulda been in the movies, an had nice clothes an had pitchers taken of me She confessed to Lennie that she did not like her husband Curley and that she just married him to get away from her boring life because she thought getting married would provide new experiences for her So I married Curley. Met him out to the Riverside Dance Palace that same night. She has this dream because the people in the movies had a life of glamour and she wanted to live like that. She also has this dream because she is not treated fairly on the ranch and has no-one to talk to (apart from Curley) Aint I got a right to talk to nobody? Whatta they think I am, anyways? So because of this, she is always seeking attention in the wrong places which eventually lead to her death. Her dream was shattered when she let Lennie stroke her hair. In death, she look very peaceful unlike when she was alive and had problems. The characters of the book Of Mice and Men have dreams at some time of their life. They have these dreams so as to escape the hardship of life in the 1930s. They also had dreams for the urge for something good that could make them feel very good about themselves. Some of the dreams maybe were not meant to come true (Curleys wifes dream) but we come to see how close George and Lennie come to achieving theirs. If Curleys wife didnt seek for attention and Lennie did not have the fascination for soft things, they would have had the chance to have another way of life. Show preview only The above preview is unformatted text This student written piece of work is one of many that can be found in our GCSE John Steinbeck section.