The development in the new world Essay Example for Free

The development in the new world Essay The 17th century was the colonial era when the British settled in North America. These colonies are categorized into three groups- New England, Middle, and Southern. Although economy and religion had importance, geography was the primary factor in shaping the development of the British colonies. Although the separatists came to North America for religious reasons, it was not the reason for New England’s development and prosperity. Geography is the primary factor because economic activities and trade were all dependent of the environment in which the colonists lived. Its cold climate, thick forest, and poor rocky soil made the land unsuitable for crops. Therefore, they had to rely on the natural resources they had. The towns along the coast made their living off fish, whaling, and shipbuilding. The coast New England settled on is important in showing the precedence of geography because it provided the colonies with a booming cod fishing industry. If they had not settled where they did, they would not have developed such a marketable product. The cod fishing industry along with the triangular trade is the reason economy was the secondary factor. Cod played an important role in developing the economy of colonial New England. In The Wealth of Nations, Adam Smith wrote about New England cod fishing as an example of the successful practice of free enterprise. The triangular trade route, which came to Boston in 17th century, is another example of economy contributing the development of the colonies. Boston carried rum made in New England to Africa to trade for slaves that were brought to Caribbean plantations, where molasses was purchased and brought back to New England to make rum. This is important because this new economic development was a huge growth of rum-making distilleries in Massachusetts and Rhode Island. It also gave a push to other industries, such as shipbuilding to carry goods to longer distances such as Africa. Religion was the last factor in the development of the New England colonies. The famous group of separatists departed to Holland to flee from King James I religious persecution. After twelve years of living in Holland, the English’s children started to become â€Å"Dutchified†, so they secured rights with the Virginia Company to settle under their jurisdiction and ended up in the Massachusetts Bay colony. However, within these religious communities were those that had their own beliefs. This is  important to the development of New England because these people would create their own colonies, i.e. Anne Hotchinson and Roger Williams. Hotchinson challenged Puritan orthodoxy by saying that a holy life was no sure sign of salvation and the truly saved do not need to obey the law of God. She was then exiled and found Rhode Island along with Roger Williams, who was too exiled for he challenged the bay colony for taking Indian land unfairly. Many came to Rhode Island because they granted complete religious freedom, even for Jews and Catholics. Geography was the primary factor in shaping the development of the Middle Colonies. New York was founded at the mouth of the Hudson River and Philadelphia on the Delaware River. This is important because it created the perfect location for trade. It proves geography to be the primary factor because if the colonies were not founded along the coast they would not have been able to create the profitable trading posts that they had, which would then lead to lack of economic success. Pennsylvania had fertile soil and a mild climate well suited for farming and agriculture. They had raw materials such as timbers, fur, and coal, but most importantly, iron ore. This is significant to proving geography as the primary factor because not only could they take advantage of New York and New Jersey’s location at ports to export their agricultural products, but they could also manufacture their own iron products such as plows, locks, and nails, and export them to England. If it were not for the geography of where they settled, they would not have been able to create such a large business, making it the primary factor in the development of the Middle Colonies. The close second is economy. New York, New Jersey, Pennsylvania, and Delaware were developed into profitable trading centers. The excellent harbors along the coasts of the Middle Colonies were ideal sites for cities. This was the perfect place for merchants to export cash crops, especially grain, and imported manufactured goods. This trade was important to the development of the Middle Colonies because it resulted in Philadelphia becoming the fastest growing city in the colonies. The city’s wealth brought public improvements such as Philadelphia’s statehouse (Independence Hall) and streetlights along paved roads. New York also attained its rapid growth from trading. Its busy port handled numerous products including flour, bread, furs, and whale oil. Not only did their trade ports create large profit and advancement in cities, it created large diversity. Various immigrant groups arrived in the port cities of the Middle Colonies. This would prove to be helpful because one of the largest immigrant groups was the Germans, who continued to help in the Middle Colonies’ economy. They were known to be advanced in farming and brought over their tradition of artisanship. They built Conestoga wagons that were suitable for carrying produce throughout towns and offered covers to protect the produce from rain. Most of these Germans came as indentured servants searching for religious tolerance. Religion also made a big contribution to the Middle Colonies. William Penn was attracted to the Quaker faith in 1660 at only sixteen years old. Wanting to create an asylum for his people, Penn received a grant from the king in 1681. His Quaker faith demanded Pennsylvania to have no tax-supported church, no demanded allegiance, equality between men and women, no slavery, and most importantly, freedom of worship. As a result, immigrants flooded the colony. Although Penn was against slavery, many of the immigrants were not, thus African slavery began. This proves religion to be of influence to the shaping of development in the Middle Colonies because it provided large population growth and started some of the slavery in the North. Geography is the primary factor for the Southern Colonies’ success and development. The colonists of Jamestown settled in the Chesapeake area, which was largely swampy. In this muggy area, the colonists were subject to an onslaught of diseases such as malaria and yellow fever. This inhibited the development of the colony for after two years they still only had a population of 400. England sent the colonists to the New World in hopes to repeat the success of Spaniards who found gold in South America. However, once they realized the land was incapable of offering gold, they were forced to change their goals, i.e. grow their own food and find a marketable commodity. Virginia, Maryland, and Carolina all found gold in their tobacco, rice, and sugar plantations. Therefore, although economic success was the main reason for the Southern Colonies’ survival, it could not have been possible without the lands’ fertile soil and warm climates, which proves geography to be the primary factor. Therefore, economics, being the savior of the Virginia colony, is secondary in the development of the Southern  Colonies. John Rolfe brought commercial success to Jamestown by introducing tobacco as a colonial export. Colonists now hungered for more land to grow tobacco. Now that they had more tobacco plantations, they needed more workers. This is important because it began African slavery in the colonies. This proves that economy is important because it would dramatically shape the morals and viewpoint of slavery in the rest of the colonies. Maryland had the largest slave population who worked on cotton, tobacco, rice, sugar, and indigo plantations. This is important because it also contributed to the Southern Colonies’ economic success. However, it also unfortunately proves the beginnings of slavery in the south. Religion had little importance in comparison to geography and economics. In 1649, the colony of Maryland passed the Act of Toleration, which guaranteed toleration to all Christians. It decreed the death penalty to any group who denied the divinity of God; therefore, it granted Catholics safety. This is important to religion because after the colonial era ended, Maryland sheltered Roman Catholics more than any other colony. In this way, it proves that religion had albeit little, some importance in shaping the development in the Southern Colonies. As a whole, colonial America’s development was influenced by geography, religion, and economy. However, the most important contribution was made by geography. Without its land and resources, the colonies would not have been able to prosper and develop into the successful colonies they became. Each of the three groups had their own unique aspects such as the coast, ports, and fertility, and that is all they needed to begin their industrious colonies.

Napoleon Bonaparte Essay -- History Biography Biographies Essays

Napoleon Bonaparte   Ã‚  Ã‚  Ã‚  Ã‚  Napoleon Bonaparte is considered to be one of the greatest conquers and captains of modern times. In history perhaps no one person has ever aroused so many intense opposite emotions. Perhaps no one had ever claimed as much of the admiration, fear, and hatred of all men as did Napoleon. Napoleon was a man with many sides. He started many of his challenging voyages and defeats as a young child and they continued throughout his life. He had many accomplishments and many defeats that affect the world in which we live. Napoleon plays a very big part in history.   Ã‚  Ã‚  Ã‚  Ã‚  Napoleon Bonaparte was born on August 15, 1769, at Ajaccio, in Corsica. His parents were Charles Marie Bonaparte and Marie-Letizia Ramolino who also lived in Corsica.. Although Corsica was Napoleon's home most of his schooling was conducted in France. On December 15, 1778, at the age of nine, Napoleon left Ajaccio to go and study the French Language at a school in Brienne. Later, at the age of sixteen, Napoleon decided to enter the artillery so that maybe his brains and industry would balance his lack of outward advantages. On October 28, 1785 he joined the LA Fere located in Valence. A little over ten years later he decided to get married to Joshephine de Beauharnais from Martinique in the Indies. After many years of marriage, Napoleon realized that his wife was getting older and he had no heirs, so in 1809 he divorced her to look for a younger bride. In 1810 he met and married Archduchess, Marie Louise the eighteen-year-old daughter of Emperor Francis I of Austr ia. During their marriage Napoleon and his new wife conceived one child, a boy also named Napoleon.   Ã‚  Ã‚  Ã‚  Ã‚  Napoleon was a man known for his greatest powers and successes as a leader. One of the many successful things Napoleon did early in his life was develop a highly successful military strategy. His tragedy consisted of starting a battle with an enemy while holding his forces back. He would then look for the enemies weakest points and throw all his strength against that point. This newly developed strategy helped him to win many of his attacks such as his attack on and defeat in Italy against Austria and his battle and defeat in Egypt against the Turks.   Ã‚  Ã‚  Ã‚  Ã‚  After Napoleon's defeats in Egypt he returned to France where he seized control of the French government in November 1799. After ten years of revolut... ...n hands. However, in the states he created, Napoleon granted constitutions, introduced law codes, abolished feudalism, created efficient governments, and fostered education, science, literature, and arts. Napoleon still remains one of the outstanding figures of his time even though he was selfish in his power and had some occasional defeats.   Ã‚  Ã‚  Ã‚  Ã‚  Today in the world in which we live many people look back at Napoleon as a legend. Although he has many lasting affects on the world and holds a very important part in history, today that kind of aggressive dictatorship would not be tolerated. When people look back at Napoleon's leadership they think of all the needless wars and lives that were lost due to his obsession with power. Today, people would not want to live under the strict control of any form of government like dictatorship. When many people think of this form of government they are very cautious because with dictatorship comes a very restricted life. People do not want any one individual to have all the power because bad decisions are made sometimes and the people have to pay. People would rather have control of their own government instead of it having control of them.

Accounting Users And Characteristics Of Financial Statement Accounting Essay

1.0 IntroductionSai Kim, T. et al. , 2001, pg 1, said that â€Å" accounting is the procedure of recording, coverage, and construing fiscal information pertaining to an organisation. Accounting is frequently baffled with book-keeping, which involves merely the recording of economic events and is hence merely one portion of the accounting procedure † . Undertaking 1 is about the different users and their demands for Continental Limited fiscal statements. Accounting users divided into two users, it is internal users ( people within the organisation ) and besides external users ( people outside the organisation ) who use history to deduce fiscal information for their demands. Besides that, the features of these fiscal statements will supply utile information to the users. Continental Limited has an authorized portion capital of 1 million ordinary portions RM1 each. It operates sweeping and retail concern of selling a consumers merchandise. In undertaking 2, prepare the income statement and balance sheet of Continental Limited for twelvemonth stoping 31 Dec 2010 for the internal usage by company manager or publication. Income statement it is made by company at the terminal of each twelvemonth to cipher the net income and loss incurred in concern during the twelvemonth. While, balance sheet it is made by company at the terminal of each twelvemonth to enter the capital, assets, and liabilities of company at the terminal of the twelvemonth. In undertaking 3, prepare the income statement and balance sheet of Continental Limited for twelvemonth stoping 31 Dec 2010 in the recognized format for external coverage or publication. Distribution cost normally defined as the costs incurred to present the merchandise from the production unit to the terminal user. Besides that, administrative disbursals is refer to the costs of runing a concern that are non straight attributable to the production of goods or services. In undertaking 4, must establish on the income statement and balance sheet made in undertaking 2 and 3. Then, cipher the appropriate accounting rations for twelvemonth stoping 31 Dec 2010 and besides necessitate to compare them with the industry norms provided to measure the profitableness and liquidness of Continental Limited.2.0 Accounting users and Features of fiscal statementAccounting information helps users to do better fiscal determinations in the organisation. There have two different types of users in the fiscal information, there are internal users ( people within the organisation such as direction, employees, and proprietors ) and besides external users ( people outside the organisation such as creditor, revenue enhancement governments, investors, and clients ) who use history to deduce fiscal information for their demands. There besides have five regulative features of fiscal statement that will supply utile information to the users. These standards must be fulfilled to do the fiscal statements and histories that are utile to the users. Therefore, company should seek to fulfill the undermentioned standards when choosing and following the accounting constructs in fixing concern fiscal histories.2.1 Accounting usersThere have five different users and their demand for Continental Limited fiscal statements. The fiscal histories supply a wealth of information that is utile to assorted users of fiscal information. Investor is worried about hazard and return in relation to their investings. They need accounting information to cognize whether it is deserving for them to put in a concern or purchasing portions of the company. In add-on, client and debitor are the people who purchase goods and services provided by the company. They need accounting information about the company ‘s fiscal stableness to guarantee that the company is a unafraid beginning of supply and no danger of holding to shut down. As a clients of the company ‘s merchandises, they have a long-run concentration in the company ‘s scope of the merchandises and services. They may even hold to depend on the concern for certain merchandises and services. Besides that, a director is the individual appointed by the company proprietors to responsible for planning and directing the work of a group of persons, supervising the daily work of the company. They need accounting information about the company ‘s fiscal state of affairs as it is presently and as it is expected to be the hereafter to enable them to pull off the concern expeditiously and to do effectual control and planning determinations. Another accounting user is providers or creditor, the people who provide merchandising goods and services to the company on recognition. So, they need accounting information about the company ‘s ability to pay its debts for guaranting their aggregation from the company. The creditors include providers every bit good as loaners of the finance such as Bankss. Furthermore, employee of the company is people employed by the company to transport out concern activities. Therefore, they need accounting information about the company ‘s fiscal state of affairs. This is because, their future callings and the size of their rewards and wages depend on it. Therefore, employees need information refering the stableness and go oning profitableness of the organisation. In the decision, accounting users is of import to the organisation. This is because, the fiscal histories supply information that is utile to assorted users of fiscal information.2.2 Features of fiscal statementFirst is understandability, it means that the fiscal statements must easy to comprehensible. Users of fiscal statements are assumed to hold adequate cognition of concern, economic activities and accounting to analyze the information decently. Harmonizing to Helium.com ( 2010 ) , said that â€Å" understandability ensures that a user equipped with the basic cognition can spot information refering to the public presentation and fiscal place of an endeavor † . Besides that, the feature of the fiscal statement is comparison. The fiscal histories made based on accounting constructs should be comparable within the entity and across entities. Comparability within the entity is means that the fiscal statements can be compared with the old twelvemonth fiscal statements of the same company. While, comparison across entities is means the fiscal statement can be comparable with the history of other company. Another feature of the fiscal statement is relevancy. The fiscal histories prepared based on accounting constructs and policies should show relevant fiscal information which is capable of act uponing the economic determination of the users. Therefore, fiscal statements are for users to do economic determinations, the information must be relevant to the determinations that those users have to do. In add-on, relevant fiscal statements are seasonably, if the histories are prepared to supply required information in clip, it is relevant to the determination devising of the user. Contrary, if the histories are no prepared to supply information in clip, it is non relevant to the determination devising of the user. Furthermore, the feature of fiscal statement is dependability. Fiscal history must show dependable information to the users for determination devising. Harmonizing to SpiffyD ( 2012 ) , reference that â€Å" harmonizing to ACCA, â€Å" dependable † information does non incorporate mistakes that affect the economic determinations of users, nor is it biased or partial. This property is linked to faithful representation, since users should be able to handle with it as such. Users have assurance in dependable fiscal statements. Such statements are non misdirecting or intentionally constructed in a mode that could skew determinations or perceptual experience of the fiscal place or public presentation of an entity. It is deserving observing that the importance of auditing is increasing because it reinforces dependability † . In add-on, the feature of the fiscal statement is accuracy. The fiscal history must supply accurate fiscal information to the users for determination devising. The ground is, the inaccurate history information will take to inaccurate determination made by the user.3.0 Income Statement and Balance SheetIncome statement it is made by company at the terminal of each twelvemonth to cipher the net income and loss incurred in concern during the twelvemonth. Harmonizing to Steven Mark, L. , 2003, pg 25, he said that â€Å" the income statement besides referred to as a profit-and-loss statement, summarizes the company ‘s grosss, disbursals, additions, and losingss for a period of clip, such as three months or one twelvemonth † . While balance sheet it is made by company at the terminal of each twelvemonth to enter the capital, assets, and liabilities of company at the terminal of the twelvemonth.3.1 Working for note inquiry a to hClosing stock should be recorded at cost or net r esale value which one is lower. Since cost RM65000 & lt ; net resale value RM70000, the cost RM65000 should be shuting stock value put in the trading history of income statement and under the current plus in balance sheet. Cash Account RM RM Gross saless 5000 Purchase 4000 Stationery 700 Electricity 300 5000 5000 Gross saless in trading history of income statement = RM360000 from TB + RM5000 = RM365000 Purchase in merchandising history of income statement = RM200000 from TB + RM 4000 = RM 204000 Stationery as disbursal put in P/L history of income statement = RM7000 from TB + RM300 = RM7300 Gross saless committee as disbursal put in P/L history of income statement = RM18000 paid from TB + RM1500 accrued at terminal of twelvemonth = RM 19500 Then, accrued gross revenues committee RM1500 is recorded under the current liability in balance sheet Office wages as disbursal put in P/L history of income statement = RM28000 paid from TB – RM 2000 prepaid at terminal of twelvemonth = RM26000 Then, prepaid office wage RM2000 is recorded under the current plus in balance sheet Debtor Account RM RM Balance b/d 75000 ( – ) Bad debts 5000 Balance c/d 70000 75000 75000 Balance b/d 70000 Bad Debts Account RM RM Debtor 5000 P/L history 5000 ( Bad debts as disbursal put in P/L history ) Provision for bad debts shuting balance = 10 % ten Debtor shutting balance RM70000 = RM7000 Provision for Bad Debts Account RM RM 31 Dec 2010 Closing balance c/d 7000 1 Jan 2010 Opening balance b/d 5000 Increase different 2000 ( As disbursal put in P/L history ) 7000 7000 1 Jan 2010 Balance b/d 7000 and degree Fahrenheit ) Vehicles Account RM RM Balance b/d 300000 Vehicles Account a/c ( cost sold ) 50000 Balance c/d 250000 300000 300000 Balance b/d 250000 Provision for Depreciation on Vehicle Account RM RM Vehicle disposal history 12500 1 Jan 2010 Opening balance b/d 60000 ( Cost sold RM50000 x 5 % x 5 twelvemonth from 1 Jan 2005 to 1 Jan 2010 ) 31 Dec 2010 Balance c/d 60000 Depreciation as disbursal put in P/L 12500 history ( Vehicles shuting balance RM250000 x 5 % ) 72500 72500 1 Jan 2011 Balance b/d 60000 Vehicle Disposal Account RM RM Vehicle cost sold 50000 Provision for depreciation on 12500 vehicle sold Returns from disposal of vehicle 35000 Difference for Loss on disposal of 2500 vehicle ( As disbursal put in P/L history ) 50000 50000 Provision for Depreciation on Premises Account RM RM Balance c/d 5400 1 Jan 2010 Opening balance b/d 40000 Depreciation as disbursal put in 14000 P/L history ( Premisess cost from TB RM350000 x 4 % ) 54000 54000 Balance b/d 54000 g ) Taxation charge RM15300 is deducted from net net income at the underside of income statement. It is besides recorded as accumulated revenue enhancement RM15300 under current liability in balance sheet H ) Proposed divided to be deducted from net net income at the underside of income statement = 2 % x RM500000 Share capital from TB = RM 10000 Then, the proposed divided RM10000 is recorded under current liability in balance sheet.3.2 Income statement of Continental Limited for twelvemonth stoping 31 Dec 2010 for internal usageIncome Statement of Continental Limited for Year Ending 31 Dec 2010 for Internal Use RM RM RM Gross saless 365000 Less Return inwards 10000 Net gross revenues 355000 Less Cost of gross revenues: Opening stock 50000 + Purchases 204000 – Tax return outwards 15000 + Carriage inwards 5000 194000 Less Closing stock 65000 179000 Gross net income 176000 Add Income: Dividend received 5000 181000 Less Expense: Stationery 700 Office electricity & A ; H2O 7300 Office salaries 26000 Gross saless committee 19500 Bad debts 5000 Addition in proviso for bad debts 2000 Loss on disposal of vehicle 2500 Depreciation on vehicles 12500 Depreciation on premises 14000 Vehicle expense 12000 Interest charges 3000 104500 Net net income 76500 Less Taxation charge 15300 Less Proposed dividend 10000 Net income for the twelvemonth 51200 Add Retained net incomes brought frontward 100000 Retained net incomes carried frontward 1512003.3 Balance sheet of Continental Limited as at 31 Dec 2010 for internal usageBalance Sheet of Continental Limited as at 31 Dec 2010 for Internal Use RM RM Fixed assets / Non-current assets Office premises at cost 350000 ( – ) Provision for depreciation on premises 54000 296000 Vehicle at cost 250000 ( – ) Provision for depreciation on vehicle 60000 190000 Long-run investings 100000 586000 Current assets Closing stock 65000 Debtors 70000 ( – ) Provision for bad debts 7000 63000 Bank 42000 Prepaid office wage 2000 172000 758000 Issued portion capital Share capital 500000 Add Reserve Retained net incomes carried frontward 151200 Stockholders ‘ equity 6512000 Add Long-term liabilities / Non-current liability Loan 55000 Add Current liabilities Creditors 25000 Accrued gross revenues committee 1500 Accrued revenue enhancement 15300 Proposed divided 10000 51800 7580004.0 Distribution costs and Administrative disbursalsDistribution costs besides known as distribution disbursals. Distribution cost normally defined as the costs incurred to present the merchandise from the production unit to the terminal user. The distribution cost is points such as gross revenues staff ‘s wages and committee, passenger car outwards, depreciation of bringing new waves, advertisement and show disbursals. Harmonizing to Readyratios.com ( 2011 ) , reference that â€Å" administrative disbursals refer to the costs of runing a concern that are non straight attributable to the production of goods or services. Administrative disbursals are related to the organisation as a whole as opposed to the single sections † . Administrative disbursals consist of such points as wages, legal and accounting charges, the depreciation of accounting machinery, public-service corporations, rent, and housework charges.4.1 Classify the disbursals into distribution cost and administrative disbursalsDistribution costs Administrative disbursals RM RM Stationery – 700 Office electricity – 7300 Office salaries – 26000 Gross saless committee 19500 – Bad debts 5000 – Addition in proviso for bad debts 2000 – Loss on disposal of vehicle 2500 – Depreciation on vehicle 12500 – Depreciation on premises – 14000 Vehicle disbursals 12000 – Entire 53500 480004.2 Income statement of Continental Limited for twelvemonth stoping 31 Dec 2010 for external coverageIncome Statement of Continental Limited for Year Ending 31 Dec 2010 for External Reporting RM RM Employee turnover 355000 Cost of gross revenues 179000 Gross net income 176000 Distribution cost 53500 Administrative disbursals 48000 101500 Operating net income 74500 Dividend received 5000 79500 Interest charges 3000 Net income on ordinary activities before revenue enhancement 76500 Taxation charge 15300 Net income on ordinary activities after revenue enhancement for the twelvemonth 61200 Proposed dividend 10000 Retained net income for the twelvemonth 51200 Retained net income bought frontward 100000 Retained net income carried frontward 1512004.3 Balance sheet of Continental Limited for the twelvemonth stoping 31 Dec 2010 for external coverageBalance Sheet of Continental Limited for the Year Ending 31 Dec 2010 for External Reporting RM RM RM Fixed Assetss Tangible Assetss: Premisess 296000 Vehicle 190000 486000 Investing: Long term investing 100000 586000 Current Assetss Stock 65000 Debtors 63000 Prepaid office wage 2000 130000 Cash at bank 42000 172000 Less Creditors: Sums Falling Due Within One Year Creditor 25000 Accrued gross revenues committee 1500 Accrued revenue enhancement 15300 Proposed dividend 10000 ( 51800 ) Net current Assetss 120200 Entire Assets Less Current Liabilities 706200 Less Creditor: Sums Falling Due After More Than One Year Loan ( 55000 ) 651200 Capital and Reserve Called up portion capital 500000 Net income and Loss history 151200 6512005.0 Accounting ratiosAccounting ratios is used to specify of import relationship between the figures shown on a balance sheet, in a net income and loss history or in any other portion of accounting organisation. Therefore, accounting ratios shows the relationship between accounting informations.5.1 Table of ratio computationRatio with expression Ratio computation for twelvemonth 2010 Industry norm Percentage of gross net income on gross revenues = Gross net income x 100 176000 ten 100 = 49.58 % 30 % Net gross revenues 355000 Percentage of operating net income on gross revenues = Operating net income x 100 74500 ten 100 = 20.99 % 18 % Net gross revenues 355000 Capital employed = Closing capital + Long-term liabilities = ( Fixed assets + Current assets ) -Current liabilities = ( RM586000+RM172000 ) -RM51800 = RM758000-RM51800 = RM706200 Tax return on capital employed ( ROCE ) = ( Net net income + Interest charges ) x 100 76500 + 3000 x 100 9 % Entire assets – Current liabilities 758000 – 51800 = 79500 tens 100 706200 = 11.26 % Current ratio = Current assets = 172000 2: 1 Current liabilities 51800 = 3.32: 1 Stock turnover = Cost of gross revenues Average stock value = Cost of gross revenues = 179000 ( Opening stock + Closing stock ) / 2 ( 50000 + 65000 ) / 2 = 179000 57500 =3.11times Stock turnover period 365 yearss = 365 yearss 90 yearss Stock turnover 3.11 times = 117.36 yearss Debtor aggregation period = Debtor = RM63000 Net recognition gross revenues RM365000 – RM 10000 = Debtor = RM63000 Gross saless – return inwards RM355000 = 0.1777: 1 Debtors collection period = Debtor ratio x 365 yearss =0.177 x 365 yearss 45 yearss =64.6 yearss Creditor ratio = Creditor = 25000 Net recognition purchase 204000 – 15000 = Credit = 25000 Purchase – Tax return outwards 189000 = 0.132: 1 Creditors payment period = Creditor ratio x 365 yearss = 0.132 ten 365 yearss 60 yearss = 48.18 yearss5.2 Profitableness of Continental LimitedThe per centums of gross net income on gross revenues is 49.58 % is higher than industry norm is 30 % because the company is uneffective and inefficient in buying goods and services from the providers doing higher purchase cost and besides uneffective usage of stuff and labor causation higher production cost to diminish gross net income. In add-on, per centum of operating net income on gross revenues is 20.99 % and industry norm is 18 % . Higher per centum of operating net income on gross revenues indicates that company is uneffective in its outgo control. Besides that, ROCE besides higher than industry norm is 20.99 % and 18 % . This is because, it is bespeaking the lower net net income generated in relation to the capital employed.5.3 Liquid of Continental LimitedCurrent ratio of company is higher than industry norm is 3.32: 1 and 2: 1which is much that the thought ratio of 2: 1, the current ratio is higher or equal to 2: 1, th e larger sum of current assets can be used to finance current liabilities, bespeaking that company is financially stable and able to finance its short-run debts. Furthermore, the stock turnover period is higher than the industry norm is 117.36 yearss and 90 yearss. The higher stock turnover period indicate fast stock turnover in concern where the goods and services purchased are kept in stock for a short clip and the fast stock for short clip and so fast taken out from stock for resale. In add-on, debitor aggregation period is higher than industry norm is 64.6 yearss and 45 yearss. Higher of debitor aggregation period indicate that company has given longer recognition clip to let debitor ‘s owing, causation, longer clip taken by company to roll up money. While, the creditor payment period is lower than industry norm is 48.18 yearss and 60 yearss. The lower creditor payment period show that company has obtained shorter recognition clip for having and paying creditors.6.0 Conclu sion and RecommendationIn the decision, making this rule of accounting assignment I have learnt a batch of cognition about the rule of history. I already know the different types of accounting users and besides the features of the fiscal statement. Besides that, making this assignment besides has larn how to fix the income statement and balance sheet. The benefit I get from this assignment is larning accounting will assist us to makes concern or personal fiscal determinations. Another benefit is accounting cognition will assist us to understand the significance of the fiscal information.

Cyber Bullying And Its Effect On Our Youth - 930 Words

Cyber-bulling â€Å"Cyber-bullying and its Effect on our Youth,† has released some useful information to American Osteopathic Association directed by unknown author and Dr. Jennifer N. Caudle, certified family physician. Dr. Caudle approaches to parents while she breaks down some statistics that could potentially prevent cyber bullying. Although, the author of the article along with Dr. Caudle does not reveal sufficient information of cyber bullying, the information given can be wisely incorporated as a lead into cyber bullying conversation. The author begins the article acknowledging different devices youths regularly operate. This type of introduction includes the impact of technology among young children, which implies the technique of author’s smooth and clever way to earn parents attention. After listing the latest and most popular devices author surely maintains readers engaged, while most of the individuals can easily relate to its points due to usage of those de vices in their family. With argue that cyber bulling is well mental and psychological destructive just as a physical and verbal bullying, author insist that parents must consider all tactics and strategies to prevent cyber bullying on their children. Author does not provide any background or knowledge of this argument. However, including myself as a parent, the author persuades a valid point that all parents should take serious precautions when it comes to children and media. Moving along, author appeals to theShow MoreRelatedThe Problem of Cyber Bullying1323 Words   |  6 Pages(â€Å"An Old Problem with a New Face†). Since the rapid growth of technology, cyber bullying has become life-threatening for too many teenagers. 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MoreRead MoreThe Spreading of Cyber Bullying1599 Words   |  6 Pages Cyber bullying is a growing problem and has moved to the forefront of public concern in recent years due to a large number of incidents that have received media attention (Tokunaga, 2009). Most recently, a case involving a 12-year old girl who committed suicide as a result from cyber bullying received national attention. This case occurred in Polk County, Fl., and has been described as one of the most tragic cyber bullying stories of our time (Hellmich, 2013). Rebecca Sedwick of Lakeland, Fla Read MoreCyber-bullying Powered by Technology869 Words   |  4 PagesCyber-bullying has become a huge issue recently not only in high school but in the middle schools as well. For awhile there it seemed that just about every time you turned on the news there was another story of bullying or a suicide related to bullying incident being reported. â€Å"Love is louder† has become a popular phrase among celebrities and other influential figures lately. They’re trying to send out a message to anyone listening saying that bullying is wrong and it shouldn’t be tolerated. WithRead MoreHow Social Media Improved Communication? Essay876 Words   |  4 Pagesgrowing very rapidly. It changes and affects each person in a different way, or ways. Some may argue that social media has a bad influence on children and young adults, and that it negatively effects their brains, character, or personalities, while most people see that the social media has a more positive effect on t hem than a negative one. Moreover, social media has helped many people around the world to connect, or re-connect, with each other, easily. Social media is basically the new way of keepingRead MoreCyber Bullying : Experienced Cyber Threats Online And On Social Media1439 Words   |  6 PagesDevereux 9/15/14 Cyber Bullying More than one in three young teens has experienced cyber threats online and on social media. Specifically 83% of teenagers use a cell phone regularly, making it the most popular form of technology and an easier way to access the internet. Being tormented, threatened, harassed, humiliated, embarrassed and otherwise targeted by another teen is known as cyber bullying. With statistics this alarmingly high, bullying has become the largest issue facing general youth society inRead MoreCyber Bullying And The Internet1324 Words   |  6 Pagesmost powerful form of bullying, called cyber bullying. Unfortunately, no one is exempt from cyber bullying. The Internet is a tool that gives anyone a voice, including bullies. It is a marvelous element that has become an operating tool in our daily lives. We learn from it, communicate with it, and are entertained by it. However, there are people who use it to mistreat others. We hear on the news, more often than we should, of young people committing suicide due to cyber bullying. While there are bulliesRead MoreAn Analysis of Cyber-Bullying in a Multiethnic Sample Essays974 Words   |  4 Pagestoday’s youth, affecting not just students but adults and teachers alike in combating what is popularly known as cyber-bullying. Cyber-bullying emerged from the anonymity technology provides bullies, the victims’ would receive repeated taunts, flames, in the form of emails, text messages, messages lefts on the victims’ social networking sites up to exclusion from those media sites. Goebert, D., Else, I., Matsu, C., Chung-Do, J., and Chang, J.Y., (2011) looked into the effects of cyber bullying on theRead MoreBullying: A Repetitious Epidemic Essay1606 Words   |  7 Pagesâ€Å"New bullying statistics for 2010 revealed about one in seven students in grades kindergarten through 12th grade is either a bully or has been a victim of bullying† (â€Å"Bullying Statistics 2010†). How does a person detect whether someone is being bullied? â€Å"A person is bullied when he or she is exposed, repeatedly over time, to negative actions on the part of one or more other persons, and he or she has difficulty defending himself or herself† (Olweus). Bullying takes place more in middle school becauseRead MoreThe Social Problem Of Peer Pressure1659 Words   |  7 Pagesin Los Angeles, California who are peer pressured into bullying by their peers and conforming to peer pressure that leads to Cyber-bullying and Cyber-crimes. Bullies are misinterpreted as per petrators; however, they were at some point victims too and created due to lack of social intervention and significantly affected by the victimization by their peers. Cyberbullying: Through the eyes of children and young people, it acknowledges how bullying has entered a â€Å"digital era† and the need for professionals