Corporate Financial Assignment

Question: Describe about the internal rate of return. Answer: Internal rate of return is superior to the Average rate of return in following ways; Under Internal rate of return, the net percentage of profit is zero or it is almost ignored since the cost of investment is weighted by the benefits that one derives from the investment. Under the Average rate of return, the actual value of the profit is represented in percentage for each of the dollars invested is taken in to the account. It is also noted that under Internal rate of return all gains that one derives are inherent to the value of money that one invests whereas under the average rate of return time factor is not taken account. Comparative study of NPV and IRR: Every organization is faced with the dilemma of making a choice between the projects. Net present value and the internal rate of return are two of the most common parameters which is the most common parameters used in the certain projects as both the criterion give contradictory outcome. This means that if one considers the NPV method but on the other side the same time IRR method favors another project. One of the advantages of NPV is that it is expressed as absolute terms while IRR is expressed in percentage terms. On the other hand, NPV makes the process of decision making easy while IRR does not offer the ease of decision-making. Variation in the outflow of cash will not effect the NPV while under IRR it variation in the cash flow will either show multiple or negative reflections. The purpose of NPV is to determine the surplus from the investment made in the project on the other hand IRR represents the state of neither profit nor loss. Conclusion: The report is prepared in accordance with the accounting principle and therefore, all the figures represent true and fair view of investment in equipment. A comparative study shows that IRR and NPV is more useful tool than the ARR and the pay back period. It is advisable for the management to retain the old equipment rather than investing in new equipment since the profitability index and the sensitivity analysis shows that old equipment is beneficial for the organization than investing in new equipment. Reference List Chen, C., Li, G. and Reynolds, A., 2012. Robust constrained optimization of short-and long-term net present value for closed-loop reservoir management.SPE Journal,17(03), pp.849-864. Guerra, M.L., Magni, C.A. and Stefanini, L., 2014. Interval and fuzzy Average Internal Rate of Return for investment appraisal.Fuzzy Sets and Systems,257, pp.217-241.

The importance of music Essay Example For Students

The importance of music Essay Music first formed in ancient time and continued to develop simultaneously with civilization. It is said that without music, our world would become boring. Why music is so important? Why many people spend a lot of time on listening to music? In fact, music affects us more than we know. Music plays important roles in our life: it connects people, entertains us and has other uses in particular times. First, music connects people. Different ages, different classes of people come closer getting know each other through music. Specifically, many international concerts was held worldwide in a Joint effort to exchange culture and struck up or evolve friendship. The countries, as a result, can lead to a multilateral development agreements. Moreover, the people in those countries can be pleased thanks to the influence of music idols. In addition, music can heal the breach between people. It reduces seriousness among those who are in debates. Familiar melodies bring back their memories, throw them back to their happy time in the past and it reconnects them in spiritual level. We will write a custom essay on The importance of music specifically for you for only $16.38 $13.9/page Order now Besides, music encourages humanitarian actions. People often hold charity concerts and music makes them easy to emphasize with unfortunate lives. In other words, music brings us together. Second, music entertains us in many ways. After long hours working hard, listening to our favorite rhythm can help us relax or even stimulate our brain in order to keep on working efficiency. Furthermore, after a stressful day, music is one of the best ways to entertain. It can be exciting, gentle or soft, depending on the listeners sense. An amazing way to enjoy music is to attend concerts, theaters or Just turn on TV and listen to our favorite songs. Moreover, if you can play musical instruments, it will be the best way to enjoy music. Playing music by ourselves, we understand completely he song and get closer to the singer. Music is an important part of our life. Entertainment is the thing cannot be denied when we talk about music. Finally, music also has many good uses to people. Apparently, with music, we can express ourselves, our feeling, our thought and our emotion. For example, when we are sad, we prefer to listen to sad song like Unchain melody in order to show our sadness. Moreover, music can create particular atmosphere for different situation. For instance, people prefer to open solemn music in some formal occasions. One more use of music is that it builds up nation esteem. Specifically, when listening to nation anthem,we are proud of our country more than ever. In short, music has many incredible uses that strongly affect our thoughts, our emotion and our work. In summary, music plays important roles in our life. Not only are the young people influenced by music but also the old cant help enjoying the rhythm. Music relaxes us, assists us with many good things but its uppermost effect is to bring us together. It is hard for us to imagine a world without music, that would be boring and full of sadness. The importance of music By painlessly 2

20 Financial Accounting Topics for Research Proposal

20 Financial Accounting Topics for Research Proposal Our previous guide emphasized on facts based on Financial Accounting to help you carry out a research in the light of the facts we provided. Our second guide focuses on different topics related to financial accounting to help you pick the best topics for research. Besides having 20 research topics for your proposal, this guide also contains an essay based on one of them. In addition to this, we have also mentioned a few references at the bottom of this guide as well as the previous one to help you search relevant information regarding the topic you choose. Do not forget to go through our last guide, which contains tips on how to write a research proposal.  It includes the patterns and structures on which a research proposal should be written. It is a must read for students preparing a research proposal for the very first time. So, here are our 20 topics to help you make up your mind to come up with a topic for accounting topics for research of your own or selecting one from the list: Can Accounting Software Help Reduce Cost? How Accounting Software Improve Productivity Can Financial Accounting Reduce Risk Management? A Research on How Financial Accounting is Transforming The Impact of Auditing on the Financial Position of a Business What is Causing Financial Instability among Giant Businesses? The Impact of Increasing Number of Accounting Graduates in the World A Study on How Long Term Debts Affect an Organisation Can a Balance Sheet Give a Company’s Financial Standing?   Is Computerized Accounting Better Than Manual Accounting?   Why Should an Organization Have a Separate Finance Department?   How Would Financial Statements Look Like Without Accounting Standards?   How are Accountants Creating Their Names in the Accounting firm   Is Financial Reporting Critical to Ensure Customer’s Confidence?   Is there a Need to Change Accounting Standards With Evolving Technology?   Why Companies Lie in Accounting Books   Are Current Accounting Standards the Ideal Standards?   Why is There a Need For Regulation in Financial Reporting?   Should Companies Keep Their Financial Instruments Safe?   Is Accounting Only For Big Businesses? To help you even further, we have selected one of the topics above and written a proposal and essay for you to understand how it should be done. Here is a sample essay with a proposal. Sample Essay: Can Accounting Software Help Reduce Cost? The proposal will discuss why you chose this topic and what you wish to find out. Proposal: The use of computer software in accounting is on a constant rise. Computers seem to have replaced human accountants in different industries. Many experts believe it is due to cost difference, but is there more to this issue? This research paper will discuss the impact of computer accounting software, and answer if it really helps reduce cost. Essay: The most difficult and frustrating part about running a business is managing its costs. A successful business requires well maintained a monitoring and management system. A good managing and monitoring accounting software will help you reduce cost, as per most experts. An accounting software helps you automate daily routine procedures and save you a lot of precious time and cost. Accounting software has helped small businesses in gaining an upper edge when it comes to saving cost. For instance, Payroll managing software helps in computerizing data and increasing the pace of the operations. Besides speeding up the process, it also keeps a business safe from making blunders which can turn out to be disastrous in the future or cost the business a hefty loss. The concept of recording operations and inventory of business over accounting programs wasn’t much talk among the successful businesses when manual bookkeeping was at a rise. However, within a very short span of time, accounting software took the industry by storm. The business owners were more than happy to have their data automated and operated with such ease and helped them reduce cost in many ways. According to reports, 50% of all businesses are using software to do full or at least partial accounting. It automates the system which helps in reducing the cost. This move has made manual bookkeeping vanish into thin air. Both large and small business owners are turning over towards using an accounting software for their businesses. If we have a look at supermarts, they are running on accounting software which helps them have smooth financial operations. It reduces time and cost! An accounting software helps you maintain the inventory at an accurate state, it keeps on reminding you if your stock is running out and also makes most documents on its own, with just one click. Since computers are doing most of the maths, you do not run the risk of mistakes either. So, where do you save costs? You save it by reducing your financial department. You do not need to hire accountants as all you need is one person to handle the software and feed the required information into the system. The person will also have more time in hand to devote to other tasks that they would otherwise waste in doing calculations. Accounting software reduces cash flow problems. Tracking the sales detail of a particular product or service lets you know which of your items are more demanded. Thus, it gives you the idea of how to manage your stock. Practicing this technique lets you promote a nice running cash flow. A lack of mistakes also saves you penalties and other such problems, resulting in financial benefits. Exactly how much you can save by turning towards an accounting tool is subjective and depends on the size and nature of your business. But, looking at stats, it says that the savings will be good enough to make the jump. The only trouble is training and getting used to a new system, but considering benefits, it is all worth it. There you have it, a precise, informative essay. Let us now move on to our third and final guide which will help you understand the structure of writing a research proposal. But before that, let’s have a look at references mentioned below. References: Elikai, D. Inancevich, and S. Ivancevich, ‘‘Accounting Software Selection and User Satisfaction,’’ The CPA Journal (May 2007), p. 26. Net Suite (2008) The Benefits of Integrated Business Management Software for Wholesale Distributors: Overcoming the Barriers of Stand-alone Business Applications netsuite.com/portal/pdf/integrated-software-for-wd.pdf Top 10 Accounting/Financial Management Software for Mid-sized Businesses, (2009), otaccounting.com/top_10_accounting.pdf Walker Wayland, (2010), Benefits of a computerised accounting system. wwauckland.co.nz/files/docs/benefits%20of%20a%20computerised%20accounting%20system.pdf

How Veal Crates Are Used in Factory Farms

How Veal Crates Are Used in Factory Farms One of the biggest arguments made by non-vegetarians is that dairy is not harmful to the animals since the animal does not need to be killed for dairy products. But to animal-rights activists, stealing milk right from the mothers breasts from a baby anything is despicable. Should we deny a baby the nutrition he needs to grow just so humans can drink it and get fat and laden with cholesterol? Veal in the Dairy Industry Thats not the worst of it. Veal is a by-product of the dairy industry. Like all mammals, female cows must be kept constantly pregnant in order to lactate. In a process called freshening, female cows, called wet cows after giving birth, are kept unnaturally lactating to maximize their milk production. Male calves are taken from their mothers at birth because they are not useful for milk production. These calves are turned into veal. Some female calves are also turned into veal because they are not needed for dairy production. The excess dairy calves are the wrong breed to be useful for beef production, so they are usually slaughtered for veal when they are between 8 and 16 weeks old.   Why Veal Production and Crates Are Controversial Veal crates are used in factory farming to confine dairy calves. The calves are chained and do not have enough room to move or turn around in a crate that measures 22 by 54 inches. Veal production is controversial because many people regard the extreme confinement as excessively cruel. The crates are so small, the animals cannot turn around. This keeps their muscles soft and unused which produces the pale, anemic meat consumers demand. Also, the calves are fed a synthetic formula instead of their mothers’ milk, this formula lacks iron, and causes a variety of health problems. Water is withheld so the calves will crave the formula. The formula has a laxative effect, so the calves are plagued with diarrhea which not only causes painful cramping, but also serious rashes down their legs where the fecal matter, which contains stomach acid in it, burns their skin. Their rectums are also painful, burning and swollen. The method whereby veal is created is so cruel, that many enlightened non-vegetarians have sworn off veal completely because they know they could never enjoy a meal when the animal on their plates suffered intensely.   To add insult to injury, cows are associated with motherhood because they are more doting on their babies than a Jewish mom with her son. Cows have been spotted with tears running down their faces when they hear their calves crying for their mothers.   While some animal advocates work to ban the use of veal crates, the slaughter of any animal for food is antithetical to animal rights, regardless of how much room the animals have when they are alive. Examples of Anti-Veal Crate Initiatives Californias Prop 2, a ballot initiative that was approved by California voters in 2008, banned the use of veal crates and took effect in 2015. The Animal Law Resource Center proposed a model bill and presents a history of legislation addressing veal crates. Edited by  Michelle A. Rivera, Animal Expert

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

Hypercapitalism - Essay Example Moreover, the total production is normally given guidance and the interests distributed through market operation. It dominated the western world after mercantilism was called to a stop. In addition to that, this system enlarges production capacity by putting in use the excess production over consumption (Colker 111). The initial goals were to allow private ownership of property, provision of capital to the firms, freedom of competition for economic gain and profit motive. Hypercapitalism is a society in which the values of capitalism are given more consideration than the other existing values (Maaasik & Solomon 522).The given essay by pulling information from various reliable resources is going to dwell mostly on hypercapitalism. In the contemporary society, market forces have penetrated almost all aspects of life (Graham 58). Not forgetting, all the companies have emerged into one. We are forced to pay for most intangible things (Perelman 87). This issue drives me to another thing a ltogether; the elements of hypercapitalism. Basically, we have gotten two. That is, excess capitalism and payments of unreal things (Perelman 50). They say that the only way to make your dream come true is by waking up. I totally agree with that. It is high time we all come to our senses and deal with the emerging issue. We should be like the cactus as opposed to the ostriches. Why do I say so? It is only the cactus that raises its head in the desert. With the ostrich, it tries to hide the head in the ground and imagine that the danger is gone. Hypercapitalism is taking stand. This is why we even find companies e.g. the Diesel advising its audience consisting of children that the best way to show their creativity is by having sex (Maasik & Solomon 522). In the recent future, most firms are bigger than what they initially used to be. Also, they are found in many countries at once. They only major on advancing their profit. Barbie’s breast for instance, is out of proportion tha t if she were to be a human woman, she would probably fall on her face (Maasik & Solomon 375). They have indeed prioritized on that rather than anything else. Single world currency has become a cliche to most of them. Moreover, money is considered to be what matters most (Maasik & Solomon 522). Formerly, in the classical duration of the political economy, production of commodities majorly depended on labor (Graham 90). In that case, the level of unemployment was quite low as compared to today. Most firms lay emphasis on the commodities which have been turned into ‘exchange values’. They are then transformed into money and try their level best to ensure that they have maximized on the profit without having a look at the quality of their products (Perelman 69). Taking for instance, United States, the issue of poor parental care is normally attributed to the negative effects of capitalism. It has also made no steps to improve or to help parents to provide parental care. Ho w is this possible? The free market together with the self-government principles that gyrate around Americans capitalism does not allow us to have consideration for social problems. In most cases, the society tries offering assistance by paying leave, insurance and maybe by offering accommodation away from the workplace. All these do not help in that they only take care of the parents and not the infants. The role of capitalism is founded on the basis that goods are meant to be exchanged in the markets. With time, the role of property is changing gradually. When a child is growing up for instance, he or she believes that the status quo of an individual is determined by what they own. We tend to be bound up that the only way human affairs are structured is through selling and buying.

International labor standards Essay Example | Topics and Well Written Essays - 1000 words

International labor standards - Essay Example The ILO is perhaps the only institution of its kind in the world which has the capability and credibility to ensure that international labor standards are implemented and this has lent credence to its continued existence. This agency’s recommendations tend to mainly provide guidance to its 183 member states but while this may be the case, its various conventions tend to be given the status of treaties, which are often binding on its members. Despite this being the case, it is a fact that these conventions do not go into force in the ILO member countries until such a time as they are ratified by individual governments. It is through the establishment of labor standards among ILO member states that it is possible to promulgate and enforce those national laws that are in line with its conventions (Warnecke & De Ruyter, 2010). Thus, it is through these means that the ILO work towards ensuring that international labor standard are enforced in order to protect the labor resources of the world from abuse. The ILO was established in 1919 during the Paris Peace Conference, the aim of the latter being an attempt to ensure that there was a lessening of public support for communist ideals. It is because of this that the allies chose to insert clauses into the peace treaty which would ensure that there would be the protection of labor unions as well as the rights of workers in the diverse industries of the world at the time. It was agreed that an international body, whose main purpose was to help in the guidance of international labor relations, would be established in the future. The first annual conference of the newly created organization was took place on October 1919 i Washington D.C. and it is during this conference that there was the adoption of the first six international labor conventions. These conventions dealt with the working hours in industry, how to define and handle unemployment, maternity protection, the minimum age to work,

Hw assignment revised Essay Example for Free

Hw assignment revised Essay Culture includes everything about a particular groups way of life; from high art to the most ordinary behavior (what we eat for breakfast, for example). It is defined as the manner of life for a whole society and the sum of socially transmitted behavioral patterns and can be classified into values, norms, institutions and artifacts. The set of distinctive features of a society or a social group, which includes emotional, spiritual and intellectual, can be called as culture. It encompasses the community’s ways of existing together, its value systems, customs and ideals. Everything we do, from our food to our behavior can be considered as culture. From the essay, â€Å"From Culture to Hegemony, culture is defined as the norm of life. Barthes who used the model of linguist de Saussure, sought to uncover the latent meanings of the norms. He tried it from boxing to little things. Transmission of culture is done through language, material objects, customs, institutions, and art, passed from one generation to another generation. Usually, this transmission remains intact and â€Å"pure†; however, when foreign influences set in either through cultural diffusion and/or assimilation, naturally, the native culture will have become irreparably modified. In â€Å"From a Native Daughter†, Haunaini-Kay Trask, bemoans the rape of her native lands culture. How the haole invaded their land and proceeded to change their history. For her historians like the missionaries from whom she had her education, were a part of then colonizing horde, one part colonized the spirit and the other the mind. She believed that any outsider were to understand them, one should first know their language, their songs, their chants, their customs, and their bond with the aina (the land). She said, â€Å"This bond is cultural, it can only be understood culturally†¦Ã¢â‚¬  IDEOLOGY: Ideology includes the underlying ideas that shape culture. These ideas are often what we take for granted, i. e. they are unconscious. For example, the idea that success is gained through going to college and getting a high paying job seems so obvious as to be truth. However, it is part of an ideology. A trick in identifying ideologies is to look for undefined terms in a statement. What does success mean and where did that meaning come from? Ideology is the organized collection of underlying ideas that shape the culture. Being unconscious, they are often taken for granted. They are abstract thoughts applied to reality and every society has an ideology on which they base their actions on. From Marx’s Ideology as quoted in Subculture: the meaning of Style by Dick Hebdidge, ideology is defined as a set of common beliefs that lie beneath the awareness commonly known as â€Å"common sense†. This common sense, although transparently, validates ideas. These taken for granted phenomena can function as signs, which in turn, will reflect the reality of the culture and can be analyzed through mapping them on a range of potential meanings. Power and class are parameters which extends and vary ideology thus making it achievable to have different levels of divided labor. Our education system is the one who is responsible in instilling the ideology into the individuals of the society. In other words, the ideologies are maps of probable meanings which serve to have persons think their way into positions of power or subordination. HEGEMONY: A form of power usually built on ideologies. Instead of bullying (i. e. using coercion) to get your way, its easier and more sustainable to make your victim believe that your way is the right way. For example, car makers dont have to force us to buy new cars at gunpoint; its easier to make us think that getting a new car every couple of years is simply what one does. The underlying ideology might be that newness equals human progress. Hegemony is the subtle almost undetected authority of one individual over another and/or one group of people over another group. This dominance however doesn’t use threats or force. Naturally, the dominant party in our society has their advantages. For example, a dominant party can dictate the terms of trade to its advantage. Moreover, our cultural perspectives became in favor of the dominant group. It controls the way ideas are discarded or neutralized. It happens in a process where hegemony alters our notions of common sense of a given society. According to the Gramsci, hegemony is the association of social groups exerting total social authority through coercion, imposition of thought or shaping consent. Familiar examples of this include the selling of cars where you coerce your buyers to buy because it is only right that you get yourself a car and thinking that it is simply what one does after a few years of using an old car. It may also because of the ideology that’s behind it is that a new car means an improvement in your lifestyle. Hall is also quoted in Subculture: the meaning of style, in the chapter, From Culture to Hegemony, Hall (1977) was cited saying, â€Å"hegemony refers to the situation in which a provisional alliance of a certain social group exerts total social authority over other subordinate groups not only through coercion or by the direct imposition of ruling ideas but by winning and shaping consent so that the power of the dominating class appears to be legitimate and natural†¦ â€Å" DEFAMILIARIZATION: Lastly, defamiliarization, also called â€Å"ostanenie† is a method of forcing the audience to see common things in an unfamiliar way. It is done in order to improve the insight of the familiar. Religion is a tried and tested way of bringing order to a world of chaotic events. In the article, World View and the Analysis of Sacred Symbols, from the Antioch Review by Clifford Geertz wherein he describes how religion is composed of sets of symbols that are in turn composed of meanings that can only be stored in the symbols. He says that a people’s ethos is the way they dress or their movements and the way they talk. In general it is the quality of their lives while the world view is the cognitive aspect reflects how the people view the natural order of things as they are found in their world. All of these things are in some way or another affected by the religion of the people. Geertz considers the wajang as the clearest illustration of the relationship between the metaphysical (i. e. religion, belief etc†¦) and the people of Java’s actual values. The wajang is the ritual shadow play using puppets that usually lasts all night and well into the early morning. The gamelan is the director musician and storyteller all in one. The most famous characters in the wajang are the Pendawas and the Korawas, and their endless wars. The Pendawas represent the five senses that must always work together to come up with just and good decisions. They represent calm detachment from the everyday events of life which is the way these myths are interpreted and translated into the actual culture that is in the peoples of Java. The Korawas on the other hand represent passion and indiscretion. They are the representative icons that depict the capacity of religion not only to set the standards of ideal living but also delineate the workings of evil and destruction. Just like the Navajo looks at everything that is good and productive as in the form of a circle and thus evokes the circle in everything they do, so does the Javanese in their quest to detach themselves from the passions of everyday life to transcend into inner serenity and peace. Their world views affect their ethos and in turn dictate how they view their reality and consequently how they react to it. The concept of defamiliarization as defined above is also effectively illustrated in the article by George Orwell, Shooting an Elephant. In this article he tells the readers how he had to kill the elephant not because he had to do it to save the people, or because it is truly a danger, in spite of it having killed a â€Å"coolie†, he says that he killed the animal to save himself from looking like a fool it is expected of him to not be afraid, to be consistent (and thus consistent in his initial impulse to kill the elephant). His nationality and the empire he represents have created such a concept that as a member of the empire he is expected to conform to. Thus his actions no matter how mundane and ordinary they are will not have correspondingly simple interpretations at least as far as the natives are concerned.