Cash Flow And Liquidity Samples for Students †MyAssignmenthelp.com

Question: Examine about the Cash Flow And Liquidity In Accounting. Answer: Income and liquidity Income from the activity of the organization for the year finished 30th June 2016 was $ 437,691 thousands when contrasted with the $ 340,448 thousand as on 30th June 2015. Nonetheless, the end balance for money diminished to $ 103,631 as on 30th June 2016 when contrasted with $ 153,220 as on 30th June 2015. In this manner, the companys liquidity position is lessening that demonstrated that the companys capacity of paying the momentary liabilities is diminishing (Harveynorman.com.au 2017). On opposite, shutting money parity of Woolworths, companys contender, is $ 956,000 as on 30th June 2016 while as on 30th June 2015 it was $ 133,340. Along these lines, regarding liquidity viewpoint, Woolworths is in better position (Woolworths.com.au 2017). AASB 107 Note 28b that is expressed in the page 112 is not any more required after the revision gave during 2016 March as for AASB 107 with the additional section under 44A to 44E (Carey, Potter and Tanewski 2014) Weakness On the off chance that there is any sign that because of any occasion of misfortune the normal future incomes will be affected and the summed can be dependably evaluated, the advantage will be weakened. Disability sum is controlled by processing the market esteem and conveying estimation of benefit (Amiraslani, Iatridis and Pope 2013). At the point when the conveying sum surpasses the market esteem, the thing that matters is charged as impedance. Weakness of advantage for Harvey Norman as on 30th June 2016 is as per the following Value accounted speculation - $ 72,35,000 PC programming - $ 18,83,000 Data with respect to profit installment Profit related data is expressed in Note 25 of the fiscal summary for the year finished on 30th June 2016 Other far reaching salary Other far reaching earnings are the additions, incomes, misfortunes and costs that are prohibited from the calculation of net gain and they are remembered for the far reaching pay proclamation even before the acknowledgment of those costs, increases, incomes or misfortunes (Babalola and Abiola 2013). As on 30th June 2016 the far reaching pay thing for Harvey Norman were Remote money exchanges Annual assessment impact on incomes supporting development Venture of income supporting Net addition from venture held available to be purchased Offer alternative arrangement of administrators The subtleties of offer alternative arrangement for administrators are as per the following Name of the official No. of vested alternative Worth No. of unvested alternative Worth J. E. Slack-Smith 567,000 $ 159,894 817,000 $ 287,394 D. M. Ackery 567,000 $ 159,894 - - C. Mentis 567,000 $ 159,894 817,000 $ 287,394 Complete 17,01,000 $ 479,682 16,34,000 $ 574,788 Stores Stores related data are expressed in Note 24 and the measure of stores as on 30th June 2016 was $ 155,814,000. Stores of the organization are referenced underneath Securing hold Income supporting store Ready to move hold Resource revaluation hold Remote cash exchange saves Worker value advantage hold Compensation of the evaluator The review charges extent was 45% when contrasted with different expenses like legitimate charges. This is adequate extent as the administrations of review isn't benefited consistently while they legitimate administrations are profited for consistently. Inspectors compensation incorporates the accompanying Audit of budgetary report Entitys charge administrations Different administrations of the organization Fiscal report readiness As per Para 71 of AASB 101, any endorsed position like according to capacity or nature for introduction of budget summary isn't referenced. Be that as it may, Harvey Norman orders the costs by work. Conceded charge risk The impermanent contrasts are recognized as the conceded charge liabilities by the organization (Laux 2013). The organization perceived the accompanying as conceded charge liabilities Innovative work $ 17,053,000 Revaluation of venture properties to the reasonable qualities - $ 116,814,000 Deterioration on the structure inversion for speculation properties - $ 70,085,000 Distinction among theaccounting conveying sum and expense base of PC programming cost - $ 479,000 Land and structures revaluation to its reasonable qualities - $ 30,677,000 Non-admissible devaluation for working for the progressions in administrative of New Zealand - $ 17,798,000 Different things - $ 23,61,000 Personal duty Current personal duty for the year finished on 30th June 2016 is $ 46,92,000 and the expense according to pay proclamation is $ 142,423,000. The thing that matters is there as the adjustments in value show the duty alongside conceded charge and the salary articulation shows the made good on measure of assessment. Norms on bookkeeping AASB that are given or changed during the year yet Harvey Norman has not yet received those are referenced underneath AASB 15 on income from the agreements with the clients AASB 9 on budgetary instruments AASB 16 on leases Reflection report Investigating the yearly report of an organization like Harvey Norman will assist me with analyzing the presentation the organization from the money related angle. Breaking down the yearly report of the organization dated 30th June 2016, I discovered that the yearly report is a basic part to the organization for its clients, banks, investors and financial specialists to express its maintainability, liquidity, dissolvability and benefit position. While experiencing the report, I found that the organization conforms to the structure and rules of IFRS and AASB. I further found that the examiners of the organization are answerable for supporting that the budget reports of the organization are set up according to the necessary gauges and they issue their review report as needs be. The most significant truth with respect to the yearly report that I discovered is that the divulgence notes assumes a significant job and expresses the arrangement premise of the money related statements,account ing treatment, ideas utilized for setting up the announcement and uncovering the itemized separation for every thing. Subsequently, I can express that yearly reports of the organization assume urgent job in expressing its monetary position. References Amiraslani, H., Iatridis, G.E. what's more, Pope, P.F., 2013.Accounting for resource debilitation: a test for IFRS consistence across Europe. Place for Financial Analysis and Reporting Research (CeFARR). Babalola, Y.A. what's more, Abiola, F.R., 2013. Money related proportion examination of firms: A device for choice making.International diary of the executives sciences,1(4), pp.132-137. Carey, P., Potter, B. furthermore, Tanewski, G., 2014. AASB Research Report Harveynorman.com.au. 2017. Harvey Norman | Shop Online for Computers, Electrical, Furniture, Bedding, Bathrooms Flooring | Harvey Norman Australia. [online] Available at: https://www.harveynorman.com.au/[Accessed 23 Oct. 2017]. Laux, R.C., 2013. The relationship between conceded charge resources and liabilities and future expense payments.TheAccounting Review,88(4), pp.1357-1383. Woolworths.com.au. 2017.Woolworths.com.au. [online] Available at: https://www.woolworths.com.au/[Accessed 22 Oct. 2017].

Luxury Paradigm Essay Example for Free

Extravagance Paradigm Essay It is commonly recognized that western utilization of extravagance during the 1980s and 1990s was propelled principally by status-chasing and appearance. This implies societal position related with a brand is a significant factor in prominent utilization. The time of increased birth rates age extravagance customer has an energy for guilty pleasure while keeping up a skeptical world view, which is changing the extravagance advertise from its ‘ old ’ obvious utilization model to an absolutely new, individualistic kind of extravagance purchaser one driven by new needs and wants for encounters ’ . The outflow of ‘today’s luxury’ is about a festival of individual innovativeness, expressiveness, insight, ease, or more all, which means. Extravagance AND POSTMODERNISM Recent contentions have been sounded that parts of contemporary extravagance utilization have mirrored the marvel of postmodernism. Postmodernity implies totally different things to a wide range of people’. Postmodernism is basically a western way of thinking that ‘refers to a split in deduction away from the cutting edge, utilitarian and rational’. As far as experiential advertising, two parts of the postmodern talk are generally applicable: hyper-reality and picture. Hyper-reality alludes to ‘the obscuring of differentiation between the genuine and the unbelievable, in which the prefix ‘hyper’ means more genuine than genuine. At the point when the genuine that is the earth, is not, at this point guaranteed, however is repeated by a mimicked domain, it doesn't get unbelievable, yet realer than real’. The case of Bollywood to show the alleged ‘Disneyfication’ of reality inside the setting of contemporary Indian culture: ‘Bollywood catches not just the creative mind as tune, music and move yet fantasy settings, sentimental drama and courageous storylines submerge the watcher in ‘simulated reality’. Customary advertising was created because of the mechanical age, not the data, marking and correspondences unrest we are confronting today. In another age, with new customers, we have to move away from a highlights and-advantages approach, as pushed by customary ways to deal with purchaser encounters. One such methodology is experiential showcasing, a methodology that as opposed to the judicious highlights and-advantages perspective on purchasers takes a progressively postmodern direction, and perspectives them as enthusiastic creatures worried about accomplishing pleasurable encounters. EXPERIENTIAL LUXURY MARKETING When an individual purchases a help, he buys a lot of immaterial exercises did for his sake. In any case, when he purchases an encounter, he pays to invest energy getting a charge out of a progression of significant occasions that an organization stages to connect with him in an individual manner. Experiential promoting is in this way about taking the pith of an item and enhancing it into a lot of substantial, physical and intelligent encounters that strengthen the offer. Experiential showcasing basically portrays promoting activities that give shoppers top to bottom, unmistakable encounters so as to furnish them with adequate data to settle on a buy choice. Plainly the way that numerous extravagance merchandise are quite often experiential places extravagance advertisers in a one of a kind situation to apply the standards of experiential showcasing to their exercises. Measurements of the extravagance experience The term ‘involvement’ alludes to the degree of between action between the provider and the client. Expanded degrees of association on a very basic level change the manner by which administrations are encountered, that is, providers no longer make an encounter and pass it to the client; rather, the provider and client are intelligently co-making the experience. The term ‘intensity’ alludes to the view of the quality of feeling towards the collaboration. The four experiential zones are not planned to be totally unrelated; the wealth of an encounter is, be that as it may, an element of how much every one of the four zones are consolidated. Those encounters we consider as Entertainment, for example, style appears at fashioner boutiques and upmarket retail establishments, as a rule include a low level of client inclusion and escalation. Exercises in the Educational zone include those where members are all the more effectively included, yet the degree of escalation is still low. In this zone, members gain new aptitudes or increment those they as of now have. Numerous extravagance products contributions incorporate instructive measurements. For instance, voyage sends regularly utilize notable specialists to give semi-formal talks about their schedules †an idea ordinarily alluded to as ‘edutainment’. Dreamer exercises are those that include a high level of both association and escalation, and are obviously a focal component of quite a bit of extravagance utilization. This is plainly clear inside the extravagance the travel industry and neighborliness segment, described by the development of particular occasion contributions. The dispatch of the Royal Tented Taj Spa (Taj Hotels Resorts and Palaces) at the Rambagh Palace in Jaipur (India) reproduces the versatile royal residences utilized by the Mughal rulers of the sixteenth and seventeenth hundreds of years, with light fixtures, imperial flags and Indian love swings. At the point when the component of movement is diminished to a progressively inactive association in nature, the occasion gets Esthetic. A high level of seriousness is plainly apparent inside this movement, however has little impact on its condition, for example, respecting the building or inside plan of originator boutiques. The six-story glass gem structure of the Prada store in Tokyo conceptualized by the modelers Herzog and de Meuron has become a grandstand for eccentric contemporary design.

The Workplace As An Effective Learning Space Education Essay

The Workplace As An Effective Learning Space Education Essay Presentation These days society, people groups comprehension of learning space is not, at this point simply restricted to customary zones of school training, however stretches out to all parts of society. The working environment as a compelling learning space, and its learning conduct has stimulate broad consideration by instructive hypothesis and practice laborers. Work environment learning as a type of learning, contrasted and customary corporate preparing, not just improve representative aptitudes to finish certain undertakings, improve worker execution, change representative conduct and mentalities, yet additionally to upgrade by and large nature of the worker, to upgrade their insight to adjust to globalization and other outer and inner condition change. Work environment taking in is unique in relation to customary types of learning and preparing, it associated student and laborer, underscoring to prepare the center ability, and get increasingly more consideration. The quick improvement of science and innovation to quicken the change pattern of the knowledge,also makes crafted by the individuals who need to utilize broad information or the primary work is make familiarities representative face gigantic strain to refresh their insight and vocation advancement pressure. Particularly the information laborers retraining and learning become the undertaking exceptionally concerned and consideration issue. During the 1960s, the celebrated American researchers Foster once brought up: the student get the business openings in the work showcase and the advancement possibilities of getting to work, is a key factor in the improvement of professional education.Practical courses ought to be completed inside the venture, As far as conceivable decrease the separation between the standard school and the genuine working situation.If you need to have some expert capacity, it is important to partake in a strong and broad professional preparing; If you need to keep this expert capacity and acquires the achievement later on work, we should keep on building up own capacity. Working environment learning is turning into a significant type of long lasting learning. Numerous delicate aptitudes. For example, the capacity to correspondence with others, strategies capacity, collaboration soul, activity and imaginative soul thus on.Its frequently procurement in crafted by casual adapting instead of in formal instruction and preparing condition. Work environment learning challenge to the conventional instruction and the preparation framework in some inalienable shaped. The idea of working environment learning Billet characterizes working environment learning as: à ¢Ã¢â€š ¬Ã¢ ¦is an approach to take an interest in genuine assignment and individuals from talented direction of the exercises straightforwardly or in a roundabout way, secure information and abilities in manners. (Billet 1993)â [1]â He put the information on the examination were partitioned into three kinds: 1. The definitive information is the response to what it is of the sort of inquiries. That the data on what things is. This sort of information learning is the memory procedure. 2. The procedural information is finished how do it of the sort of assignments. Must be exhibited through useful exercises. Such information is the consequence of rehashed practice and practice. 3. The partisanship information is chosen to do or not do, do what. For instance. An individual not ready to accomplish something is difficult to do it well. Try not to try and do it. Bias information is the result of individual long haul passionate experience. In the work environment learning, procedural information frequently can be legitimately watched, and calculated information on the substance is fairly uncertain. Direction decides the initial two kinds of information while information creation, learning and use. Just three kinds of information with one another so as to turn out to be full feeling of the information, have genuine worth. As indicated by the viewpoint of Mansfield, who characterizes working environment gaining from the edge of aptitude, work environment learning is study technique for students creating working operational limit in workplaces(Mansfield 1991) [2] .He calls attention to that four types of abilities are required in work of students: specialized ability. task the executives aptitude. the limit of arranging. deciding,prioritizing and overseeing crises just as job and natural aptitudes. He additionally focuses on that the expertise is incorporated with significant segments of understanding, feeling, esteem and passionate soundness and so on. A German educator Rauner raised five phases from green bean to master, and each phase which individuals are pushing ahead to requires distinctive information: Think about orientation,general situation,and the substance of fundamental activity also. The information worried to the occupation, in other words ,individuals ought to guarantee how to associate this activity with different employments, and consider the motivation behind why such association is required. Explicit and useful information, which alludes to realizing the substance associated with a specific particular work and ensure how it functions. The profound information dependent on experience remembers the examination for how to clarify the pertinent employments in deliberately and the further turn of events. Continuing from the above stages,the students progress in picking up the expert capacity from green bean to master is close to a procedure from getting data latently to more reflection and interest. In addition, the information turns out to be more disguised over the long haul, which is about near self-development.( Smith,PJ.Smith,ES. 2006)â [3]â Freshmanæ'â personnel with progressæ'â adeptæ'â skilled personnelæ'â expert Billet and Mansfield present the meaning of working environment gaining from the point of learning consequences of information and aptitudes and so on to build up a hypothetical edge to sum up and recognize each type of learning in working environments and consolidate them with work of the representatives. Mixed learning in the work environment Mixed learning in the work environment alludes to the exhaustive learning exercises performed by grown-ups inside the workshops for the arrangement of work issues and the change in accordance with the new workplace, including mixed working exercises, learning exercises, learning advances and learning condition. Mixed learning, the new term comes to fruition on the establishment of e.Learning reflection highlights successful mix of conventional learning strategies and e. Learning, doesn't just stay away from the detriments of customary learning, yet in addition ingest predominance of e.Learning(LeeZhao 2004) [4] .In ongoing years, there is an expanding number of expert chiefs and preparing directors in work environments tolerating the idea of mixed learning and investigating to place its methods into application in big business trainings just as representatives examining. Contrasted and single e.Learning, mixed learning can build preparing effectiveness, diminish specialist cost and lessening preparing periods(RossettFrazee 2006)â [5]â . Embodiment of work environment learning lies in mixing, for example, representatives can pass on working experience through correspondence, learn innovation through tuning in and watching associates and study new working methods by going to trainings. As of late, an expanding number of administrators and coaches in North American working environments begin to acknowledge the origination of mixed learning. As indicated by the review directed by Sparrow in 2004 with the subjects of more than 300 preparing experts from nations, for example, America and Britain, more than 2/3 subjects accept that mixed learning is the best preparing approach with the greatest expense effectiveness. In addition, it is estimated that interest in mixed learning will represent 30% of preparing financial plan in the organizations in 2006. The last objective and trouble of mixed learning, the coordinated procedure of moving learning and advancing execution that implies dynamic joining of numerous methodologies including blend of formal and casual learning, eye to eye and web learning, instructor taught and self-guided learning and the computerized asset helped and aspectant correspondence and conversation learning, lie in improving contemplating and executi on of the association and choosing proper associations of different courses as per explicit circumstances and subjects separately. Numerous American endeavors are directing practice and investigation of mixed learning, IBM, for example, has structured and created Basic Blue mixed learning framework appropriate for the preparation of more than 30,000 new supervisors that are comprehensively dispersed and continually progressing, which comprises of self-assessment of online e-learning, online recreation of business situations, online networks, up close and personal mentor guidance just as workshop conversation, coordinated/nonconcurrent virtual joint effort apparatuses (messages, phones, texting and electronic white board) and expert e-coaches and so on.( RossettSheldon 2001)â [6]â Clearly mixed learning is a smart thought, however is it reasonable for all associations? It is more confused than conventional homeroom guidance at fixed time and in fixed spots. Regardless of the impressive agreement individuals have reached on originations, specifically, criticalness of learning in working environments merits assertion and its impact can not be disregarded, it remains insufficient to urge endeavor businesses to choose to build speculation financial plan around there with the reasons that it may be a drawn out venture vocation without delivering any impacts in a brief period, in the interim, it calls for enough and an enormous number of capital venture, which is sufficiently just to close some little and medium-sized undertakings out of entryway. As businesses, the perspectives towards instructive speculation will in the long run rely upon what sort of venture can deliver significant yield, which will on normal make the endeavors trapped in a situation. On one hand , significant organizations are persuaded that learning exercises can continually fulfill the associations request f

Significance Of King’s I Have a Dream - Free Essay Example

There is no doubt that Martin Luther King’s â€Å"I Have a Dream† speech is iconic to all Americans. However, did Dr. King’s speech have a profound impact on race relations fifty-six years later? Race relations have not gotten better since Dr. King delivered his memorable speech to a massive group of civil rights marchers gathered around the Lincoln Memorial in 1963. King urged America to â€Å"make real the promises of democracy† (Martin Luther King, page 41) but what has occured since then is far from it. Physical violence towards African Americans is still a natural occurrence, African Americans are being incarcerated in mass numbers, and poverty still exists in their communities. A total lack of will to stop prejudice in America has caused such issues to persist many years later.Physical violence towards African Americans cannot go unnoticed in the years that followed the speech. Dr. King urged Americans to not â€Å"allow our creative protest to degenerate into physical violence†(Martin Luther King, page 42). That wish turned into a fantasy less than three decades later after L.A riots sprung into action. Protests erupted after police officers were caught beating an unarmed African American motorist (History). After the verdict was announced the outraged quickly turned into riots that left many African Americans either dead or badly injured (History). The riots were a great demonstration of violence that Dr. King hoped to avoid. He put great emphasis to rise against injustice through â€Å"soul force† instead of the physical force that many people from both sides of accustomed to (Martin Luther King, page 42). More recently, in 2014 Michael Brown was shot and killed by a police officer in Ferguson, Missouri (Susan McGraugh, 2015). After the grand jury decided to not indict the officer, protests began in major U.S metropolitan cities (Susan McGraugh, 2015). After more cases of police brutality, the black lives matter movement was started to stop the violence against African Americans. The same trends of physical violence with police officers seem to persist throughout American history. Dr. King said in his speech that people should â€Å"never be satisfied as long as the Negro is the victim of the unspeakable horrors of police brutality† (Martin Luther King, page 42). The rise of many movements shows that race relations have not gotten better since Dr. King emphasized the importance of taking action against police brutality. Many African Americans get wrongful convictions; due to the physical confrontation that African Americans are subject to, mass incarceration becomes extremely problematic for the black community because it limits their opportunity to grow as individuals and as a community. Dr. King wished for unalienable rights in his speech. The right to life, liberty, and the pursuit of happiness (Martin Luther King, page 41). His wishes are not granted after the mass incarceration of African Americans. Mass incarceration refers to extreme rates of imprisonment that convicts are subject to. Even though African Americans make up a small portion of the population, they represent nearly half of the U.S prison population (NAACP, Criminal Justice Fact Sheet). That was definitely not Dr. King’s dream, for many people, Dr. Kings dream is only an elusive hope. There is a myriad of reasons to explain this injustice but the one that surfaces is the fact that in the U.S racism still exists and it creates unstable race relations. Similarly, whites and African Americans use drugs at similar rates, but the imprisonment of African Americans is six times that of the white (NAACP, Criminal Justice Fact Sheet). The main takeaways are that prejudice exists in America and it’s deeply woven in legal system. Therefore, the criminal justice system should be questioned for its legitimacy. Since many African Americans are put into prison, they will have criminal records once they leave prison which will make it extremely difficult for them to find a job. According to NAACP, a criminal record reduces the likelihood of a callback or a job offer by 50%. The consequence of not finding a job leaves and will continue to leave many African Americans with poverty-stricken lives. On a more economic side, African Americans are still poverty-stricken more than ever. One of the reasons for this is the fact that African American’s hourly earnings are far less than what white people earned (Mary C. Daly, Bart Hobijn, Joseph H. Pedtke, 2017). An ongoing study found that black men specifically, see substantially less mobility than their white counterparts, even after controlling how long they worked in a day, family structure, and a large group of different factors (Daly, M. C., Hobijn, B., Pedtke, J. H, 2017). That could help clarify how African American laborers remain so behind. Dr. King said in his speech that African Americans live â€Å"on a lonely island of poverty in the midst of a vast ocean of material prosperity†(Martin Luther King, page 41). Dr. King delivered a truthful realization, with that being said, African Americans still fall behind even though the world has progressed economically since then. Historically, unemployment is almost twice as bad for African Americans compared to the white community (Bureau of Labor Statistics, 2019). Racism is likely at play in that situation. In a study it was found that when everything is equal in the job market but the applicant’s name is changed to a stereotypical black as opposed to a stereotypical white name, the whites names were â€Å"50% more likely to elicit positive responses from employers† (Devah Pager, 2007). It goes without saying that poverty is still a crucial issue nowadays for the African American community as it was fifty-six years ago when Dr. King delivered his speech. The wish Martin Luther King Jr. delivered his â€Å" I have a dream† speech for a better tomorrow is yet to be fulfilled. All those years later, race relations still haven’t gotten better because violence between African Americans and the police is a major issue that is leaving many innocent African Americans incarcerated. As a result, it is more difficult for them to find employment to flee poverty and spiral up to financial freedom. History tends to repeat itself and nothing comes closer to the truth as African American’s continues suffering for generations. Most of the conflicts are derived from prejudice towards people of color.

Crazy Eddie - Free Essay Example

Sample details Pages: 5 Words: 1591 Downloads: 6 Date added: 2017/09/22 Category Advertising Essay Type Narrative essay Tags: Experience Essay Did you like this example? Crazy Eddie, Inc. Common Size Balance Sheets March 1, 1987March 1, 1986March 1, 1985May 31, 1984 Cash3. 17%10. 47%33. 99%3. 76% Short-term investments41. 36%21. 14%0. 00%0. 00% Receivables3. 68%1. 77%4. 18%7. 12% Merchandise inventories36. 99%47. 16%40. 51%63. 83% Prepaid expenses3. 61%1. 86%0. 98%1. 41% Total current assets88. 81%82. 40%79. 66%76. 12% Restricted cash0. 00%2. 64%10. 77%0. 00% Due from affiliates0. 00%0. 00%0. 00%15. 69% Property, plant and equipment8. 95%5. 65%5. 64%5. 05% Construction in process0. 00%4. 93%1. 76%0. 00% Other assets2. 24%4. 38%2. 7%3. 14% Total assets100. 00%100. 00%100. 00%100. 00% Crazy Eddie, Inc. Common Size Income Statements Year Ended March 1, 1987Year Ended March 1, 1987Year Ended March 1, 1987Year Ended March 1, 1987 Net Sales100. 00%100. 00%100. 00%100. 00% Cost of Goods sold77. 23%74. 11%75. 87%77. 89% Gross profit22. 77%25. 89%24. 13%22. 11% Selling, general and admin expense17. 68%16. 39%15. 04%16. 43% Interest and other income2. 10%1. 22%0. 89%0. 51% Interest expense1. 48%0. 31%0. 32%0. 38% Income before taxes5. 70%10. 41%9. 66%5. 81% Pension contribution0. 14%0. 31%0. 44%0. 00% Income taxes2. 84%5. 06%4. 94%3. 06% Net income2. 72%5. 05%4. 28%2. 75% Net income per share0. 000096%0. 000183%0. 000176%0. 000131% Crazy Eddie, Inc. Key Ratios 1987198619851984 Liquidity Ratios: Current Ratio2. 40621. 39851. 56260. 9287 Quick Ratio1. 40440. 59820. 76800. 1499 Solvency Ratios: Debt to Assets Ratio0. 68370. 66430. 63590. 8298 Times Interest Earned3. 616930. 392728. 287714. 9253 Long-Term Debt to Equity2. 16171. 97861. 74624. 8755 Activity Ratios: Inventory Turnover3. 23204. 38115. 13585. 8812 Accounts Receivable Turnover32. 5026116. 771149. 751552. 208 Collection of Accounts Receivables in Days331175053 Profitability Ratios: Gross Margin0. 22770. 25890. 24130. 2211 Net Income Margin3. 00585. 04984. 27602. 7483 Return on Total Assets0. 03590. 10430. 8900. 0758 Return on Equity0. 11360. 31070. 24430. 6062 Upon anal ysis of Crazy Eddie’s ratios and financial statements there were several red flags that suggested the firm posed a higher-than-normal level of audit risk. Analysis of the financial statements raises several red flags. The first red flag was the shift in the balance of the cash and short-term investment accounts. In 1985 cash represented 33. 99% of total assets and in 1986 cash represented only 10. 47% of total assets. This shift in the cash balance is most attributable to the shift in short-term investments which were 0% and 21. 14% respectively. The drop in cash shows that Crazy Eddie was beginning to experience financial issues and liquidating their cash. Crazy Eddie continued to expand in this toughening market which furthermore liquidated cash. Another red flag is the drop in value of the merchandise inventory account. In 1984 the value of the inventory was 63. 3% and in 1987 had dropped to 36. 99% which shows that they were liquidating their inventory and replacing it with short-term investments. The retail industry is composed largely of merchandise inventory and this downward trend should have been a huge red flag. These red flags show a company who is losing market share because of the expansion of the electronics market in the late 1980’s. Analysis of key ratios continues the trend of red flags for an auditor. The first ratio that looks a bit suspicious to me is the current ratio which increased from . 3 in 1984 to 2. 41 in 1987. A current ratio over 1 generally suggest that if all of the current liabilities came due at one then the company would be able to pay the debt but in this situation for it to increase 150% over a 4 year span. The next red flag concerning ratios is the long-term debt to equity ratio which decreased from 4. 88 to 2. 16. The ratio show how aggressive Crazy Eddie was in financing their debt. The major red flag that I see with the ratios is the collection of accounts receivables in days which well below industry a verage. In 1984 Crazy Eddie was able to collect on account in 53 days and this number skyrockets to 117 in 1986. This show the inability for the company to collect the debt owed to them which is also reflected in the downward trend of cash. Extremely high accounts receivable turnover rates are an indicator of credit and collection policies that are too restrictive. The fact that the Antar family had absolute control over the operations was a red flag as well. Eddie Antar knew that if he kept the company controlled by family members that they would remain loyal. They were able to manipulate all aspects of the company. There were â€Å"major self-dealing transactions and related party transactions by family members† (Antar, S) The audit procedures that an auditor is supposed to perform are there to help protect from fraud that may occur. The falsification of inventory count sheets could have been prevented if the auditor would have verified the information that was on the sheets. Crazy Eddie executives were excellent at staying one step ahead of the auditor because they knew in advance which stores the auditors would visit, then they would ship merchandise to those specific stores. The bogus debit memos should have been authenticated by contacted some of the vendors of Crazy Eddie’s and asking for supporting documentation. â€Å"Unfortunately for the CPA, it is too easy for the client to conceal liabilities† (Wells). The auditors should have confirmed the notes payables with the bank to verify their existence which would have also shown the inflation of the accounts payable account. The recording of transshipping transactions as retail sales should have been authenticated by a review of the total sales at the specific store versus the gross profit and merchandise levels. The auditors should have followed the paper trail in this situation to see where the specific merchandise was coming from all the way to the sale of the merchand ise. If the auditors had performed this necessary step they would have seen that sales were inflated and inventory was overstated with an increase in gross profit from sales. The inclusion of consigned merchandise in year-end inventory could have easily been detected had the auditors verified the merchandise records. The auditors should have seen that the merchandise was to be returned to the suppliers. An auditor should be very well educated in the trends of the industry for which they are performing an audit. The industry was booming in the early 1980’s and began to slow as the decade continued. As the 1980’s continued, Crazy Eddie continued to show double digit growth while the other electronic retailers were struggling to break even. If the auditors involved in the case would have examined the industry then they would have taken a closer look at Crazy Eddie. The auditors appeared to have turned a blind eye to Crazy Eddie because of the revenue that was brought t o their company based on non-auditing work from Crazy Eddie’s. The first auditors was a small local firm that needed the revenue Crazy Eddie brought to them so they did as they were asked and in many situations did not ask any questions. The second auditors Main Hurdman had a nationwide practice with several clients in the consumer electronics industry and should have known what the trend was in the industry. They too received only a small portion of the revenue from auditing Crazy Eddie versus the amount they received from computerizing inventory system. Lowballing is an unethical practice that is involved in many industries including the auditing profession. Lowballing is when services are performed below the market price just to keep the business of an existing client or to attract new clients. In this case, Main Hurdman lowballed to obtain Crazy Eddie and knew that they could make up for the lost revenue by selling consulting services. An audit can be affected becau se the audit firm may not use the same resources on the client. The audit firm may be more willing to use interns or less experienced auditors to perform the audit to make up for the lost revenue. The audit may also be compromised because the auditors may not perform the accurate inventory checks as well as verifying other accounts. Crazy Eddie was clearly trying to impede auditors from performing their job by â€Å"misplacing† their invoices. A company with a sound financial system would not misplace 10 invoices. This should have been a huge red flag that Crazy Eddie was being deceptive. Unfortunately the auditors in the case just turned a blind eye and allow the company to continue to have material misstatements on their financial statements. In this situation, the auditor could request invoices from the suppliers to get an accurate count of the merchandise that was delivered to the company. The next step would be to perform and inventory count at some of the Crazy Ed die locations without giving advance notice. I think that companies should be allowed to hire individuals who formerly served as their independent auditors. Companies are facing cost issues and are trying to save money because of our economic situation and training costs will be greatly reduced if the company can hire an individual that is already familiar with the accounting system. In considering a cooling-off period, the Independence Standards Board noted that a mandated cooling-off period for partners and professional staff might create a greater appearance of independence between the accounting firm and the registrant (U. S. Securities and Exchange Commission). The cons of this practice are that the audit firm may encourage this practice in order to keep the client as a customer which created a disadvantage for the competition. There is also the increased risk of fraud because the auditor has first-hand knowledge of how the audit will be performed. The auditor will know h ow to manipulate the numbers because they will know the checks that will be performed. Afterthought While doing research for the case I became intrigued with how detailed and complex the fraud became at Crazy Eddie’s. In the article titled So That’s Why It’s Called a Pyramid Scheme, the author described 5 principle types of financial statement fraud and how Crazy Eddie’s was involved in all 5. While doing research on the case I was surprised by how much information there was on the internet. I also found it interesting that Sam Antar, former CFO has his own blog site where he details the aspects of the fraud and how it was concealed from the auditors. https://www. whitecollarfraud. com/1265851. html. Antar, Sam E. 2010. https://www. journalofaccountancy. com/Issues/2000/Oct/SoThatSWhyItSCalledAPyramidScheme. htm. So That’s Why It’s Called a Pyramid Scheme. Wells, Joseph T. 2000 https://www. sec. gov/rules/final/33-8183. htm. U. S. Securit ies and Exchange Commission. 2003 Don’t waste time! Our writers will create an original "Crazy Eddie" essay for you Create order

Essay about Apocalypse Now - 1649 Words

Apocalypse Now I have always enjoyed movies. But at some point I started to think of movies as more than just entertainment. I began to view them as a movie critic would, rather than just a casual viewer. Because of this perspective, I think of Apocalypse Now as one of the best American made movies I have ever seen. As a student of and an active participant in the late twentieth century media age, I feel justified in making this statement. In my lifetime of observation of American media, including fourteen months of intense movie watching in conjunction with my employment at a local video store, I have had an opportunity to observe a broad sampling of the films, and feel more than qualified to make this statement. By referring to†¦show more content†¦Apocalypse Now is the story of a Green Beret named Willard who journeys through Vietnam by river to confront an officer who left the army in the pursuit of his own private war. Willards journey is not just a trip down a river, it is a metaphor ical journey, and creates the effect of multiple levels of meaning. In addition to a superbly constructed story, Apocalypse Now can be viewed as a social commentary, an exploration of human conscience, or a moral metaphor. I truly enjoy dissecting and analyzing movies, as well as literate, at this level. I try to understand what the author, or film maker is really trying to say. Looking at the movie from one angle, it can be considered a social commentary of the war in Viet Nam. By including such characters as Lance B. Johnson, who clearly represents President Lyndon B. Johnson, we see him lose his personality and conscientiousness to the war, eventually having to be dragged out of the fire by the soldier, Willard. This is also demonstrated by the scene where Coppula, himself, appears as a war commentator attempting to direct the actions of the soldier fighting before him. 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Advantages And Disadvantages Of Cloud Competing - Samples

Question: Discuss about the Advantages And Disadvantages Of Cloud Competing. Answer: Introduction The concept of cloud computing is becoming an important topic for businesses these days. The report will discuss in detail about different advantages and disadvantages of cloud competing. This is why, during the process of discovering the power of this concept, it is also crucial to have more understanding related to streamlining the procedure of IT that make this process more helpful (Oliveira et al, 2014). Literature Review Following are the list of advantages of cloud computing: - Cost effective: the concept of cloud computing is actually considered as one of the most cost effective methods that helps in maintain and also upgrading the system to next level. The conventional form of software based costs is huge in term of money. In addition the licensing fees for different number of users can further prove to be very costly for the organization (Kumar et al, 2015). Unlimited storage: the storage of data in this system provides an unlimited amount of storage ability and this is why, it is important to understand that people do not worry about the storage space or rise in the present storage space presence (Rittinghouse et al., 2016). Software integration: the concept of cloud computing along with software integration is normally related to something that happens automatically. This further means that one does not require taking some additional efforts to change as well as integrate the application as per the preference of the people (Fernndez et al, 2014). Rapid deployment: in the end, the concept of cloud computing provides number of advantages of rapid deployment. Here it is crucial to actually opt for the method of operations for the complete system and can be completely functional in sometime (Sultan, 2014). Disadvantages Following is detailed discussion: - Issues related to technicalities: it is important to understand here that information on the concept of cloud computing can also be accessed at any point of time and from any place at all (Almorsy et al., 2016). There are also multiple times when the current system can have some serious problems. The company must always be preparing of technical issues that can come up at any point of time (Nkhoma et al, 2013). Attacks: confidential information can actually create vulnerability in the companys existence to any kind of hack and threats. It is important to be well prepared and aware of the fact that there is nothing online which is secure and there is always a change of stealth of any kind of sensitive data (Hameed, et al 2016) Research Questions and Hypothesis Research Questions Primary research question What are the advantages and disadvantages of cloud computing in business? Secondary research question What are some of the best measures that have been taken to improve the security of the system? Why do business use cloud computing? How does cloud computing reduces the risk for the business? Hypothesis Cloud computing is becoming an integral part of organization in todays time and the concept comes with advantages and disadvantages which are equally important to understand. The scope of the report goes from different organizations and using the cloud computing model (Liu et al, 2014). The concept of cloud computing actually means internet based computing of the information. This is why it is important for the organizations to never have data put up on this system if they are not very sure or comfortable about the sensitivity of data (Subramanian et al, 2014). Recovery and backup: all the information is actually stored in the cloud and this is why back up along with restoring that is actually much simpler than storing it as a physical machine. In addition many cloud based functions are normally very competent to deal with the recovery of data (Garrison et al, 2015). Security: the other important problem while present in the cloud is various security based challenges (Hwang et al., 2016). Right before selecting the base for technology, one must also understand that the company can surrender all the sensitive and confidential data to a third party. This is actually a huge amount of risk for the company (Chang et al, 2014). Operational Definitions Setting the concept of cloud computing, their vendors have gone to an extra mile to promote the concept in organizations (Yadav et al., 2016). There are definitely some security issues and security of data is prime concerns but the credibility here has also suffered a lot. There are so many kinds of elements in the research that can be categorized as dependent as well as independent elements like the cloud computing, security, vulnerability, threats, SaaS etc. Research Methodologies: Data Collection Analysis Sampling Techniques The case will have different organizations that are using cloud computing in their system. This further will be done to make sure that the opinion of social media and companies will be covered through all small to larger organizations. The study will be based on a simple random based sampling method that will help in conducting interviews as well as answering the research question and also evaluate the stated hypothesis. Method of Analysis There are two sides of the arguments and the concept means different for different people this is why the debate on using qualitative or quantitative methods for study concludes that both the methods must be adopted and there should be mix usage (Mezgr Rauschecker, 2014). Qualitative research The qualitative aspect of collecting data will further make it possible to gain clarity on the complicated nature of the features that has to be studied here and therefore there will be more clarity on the topic (Gupta et al, 2013). The qualitative research will be used to form questionnaires which have some open as well as close ended doubts. Quantitative research For the sake of quantitative methods, there are number of properly structure interviews that must be conducted to similar number of respondents on phone along direct meeting. This further will make sure that every interview will have similar set of queries (He Da Xu, 2014). Data Collection While selecting the sample for the study, it is important to have informed consent and must be sent to the study candidates participating in electrical as well as hand based delivery (Sajid Raza, 2013). The main motive of the study will be further explained to the candidates and there are responses that will promise to be sensitive by nature and also compile at one place with an opinion of other candidates to make normal conclusion. Research Processes The number of responses achieved from the questionnaires will be assessed by entering it into an excel file and later it will also be edited in the right manner. The information will later will be send into SPS based version of seventeen data analysis software and also evaluate the data shown in using the statistics as a means along with model based percentages and scales and standard amount of deviations (Sadiku et al, 2014). Work Start Date End Date Project Objective 30th July 3rd August Scope of the project 4th August 15th August Literature Review 15th August 25th August Research Questions 25th August 30th August Research Design Methodology 30th August 3rd Sept Limitations 3rd Sept 8th Sept Expected Outcomes It is without question that organization these days are getting a lot of advantages from cloud computing. But with number of advantages, there are some disadvantages also. It is important to understand these aspects of cloud computing before taking it up so that maximum benefit from it can be gained (Hsu, Li-Hsieh, 2014). Reliability and validity The overall usage of mixed techniques of research can be related with number of threats for the validity as well as level of trust of the outcomes that are obtained here. For the sake of primary base of data, primary information tests the data for the sake of reliability and validity and also based on finding out the same outcome (Hsu, Li-Hsieh, 2014). Conclusion The kind of limitations using discussed methods in research will also be related to long amount of time as well as efforts needed here. In addition, the research also requires more amounts of resources to collect important data to also answer the discussed research questions. References Almorsy, M., Grundy, J., Mller, I. (2016). An analysis of the cloud computing security problem.arXiv preprint arXiv:1609.01107. Chang, V., Walters, R. J., Wills, G. (2014). Review of Cloud Computing and existing Frameworks for Cloud adoption. Fernndez, A., del Ro, S., Lpez, V., Bawakid, A., del Jesus, M. J., Bentez, J. M., Herrera, F. (2014). Big Data with Cloud Computing: an insight on the computing environment, MapReduce, and programming frameworks.Wiley Interdisciplinary Reviews: Data Mining and Knowledge Discovery,4(5), 380-409. Garrison, G., Wakefield, R. L., Kim, S. (2015). The effects of IT capabilities and delivery model on cloud computing success and firm performance for cloud supported processes and operations.International Journal of Information Management,35(4), 377-393. Gupta, P., Seetharaman, A., Raj, J. R. (2013). The usage and adoption of cloud computing by small and medium businesses.International Journal of Information Management,33(5), 861-874. Hameed, A., Khoshkbarforoushha, A., Ranjan, R., Jayaraman, P. P., Kolodziej, J., Balaji, P., ... Khan, S. U. (2016). A survey and taxonomy on energy efficient resource allocation techniques for cloud computing systems.Computing,98(7), 751-774. He, W., Da Xu, L. (2014). Integration of distributed enterprise applications: A survey.IEEE Transactions on Industrial Informatics,10(1), 35-42. Hsu, P. F., Ray, S., Li-Hsieh, Y. Y. (2014). Examining cloud computing adoption intention, pricing mechanism, and deployment model.International Journal of Information Management,34(4), 474-488. Hwang, K. (2017).Cloud and Cognitive Computing: Principles, Architecture, Programming. MIT Press. Kumar, N. S., Lakshmi, G. R., Balamurugan, B. (2015). Enhanced attribute based encryption for cloud computing.Procedia Computer Science,46, 689-696. Liu, C. Y., Zou, C. M., Wu, P. (2014, November). A task scheduling algorithm based on genetic algorithm and ant colony optimization in cloud computing. InDistributed Computing and Applications to Business, Engineering and Science (DCABES), 2014 13th International Symposium on(pp. 68-72). IEEE. Mezgr, I., Rauschecker, U. (2014). The challenge of networked enterprises for cloud computing interoperability.Computers in Industry,65(4), 657-674. Nkhoma, M. Z., Dang, D. P., De Souza-Daw, A. (2013, May). Contributing factors of cloud computing adoption: a technology-organisation-environment framework approach. InProceedings of the European Conference on Information Management Evaluation(pp. 180-189). Oliveira, T., Thomas, M., Espadanal, M. (2014). Assessing the determinants of cloud computing adoption: An analysis of the manufacturing and services sectors.Information Management,51(5), 497-510. Rittinghouse, J. W., Ransome, J. F. (2016).Cloud computing: implementation, management, and security. CRC press. Sadiku, M. N., Musa, S. M., Momoh, O. D. (2014). Cloud computing: opportunities and challenges.IEEE potentials,33(1), 34-36. Sajid, M., Raza, Z. (2013, November). Cloud computing: Issues challenges. InInternational Conference on Cloud, Big Data and Trust(Vol. 20, No. 13, pp. 13-15). Subramanian, N., Abdulrahman, M. D., Zhou, X. (2014). Integration of logistics and cloud computing service providers: Cost and green benefits in the Chinese context.Transportation Research Part E: Logistics and Transportation Review,70, 86-98. Sultan, N. (2014). Making use of cloud computing for healthcare provision: Opportunities and challenges.International Journal of Information Management,34(2), 177-184. Yadav, D. S., Doke, K. (2016). Mobile Cloud Computing Issues and Solution Framework.