Financial Management (Determine the year-to-year percentage annual Essay

Financial Management (Determine the year-to-year percentage annual growth in total net sales) - Essay Example From analysing the sales performance trends over the past five years, it is likely that the company will achieve its target of 10% sales growth for the year 2005. From year 2001 to 2003 the company has experienced a total negative growth of 48% , which has been reversed in 2004 with a growth of 36%. This is possibly with the recapturing of lost market shares or customers. The growth of 10% for 2005 will be a sales increase of only $ 834.00, which will take the overall sales of the company to US$ 9,168.00. It is still less than what the company were achieving in 2001 and therefore, the company is likely to recapture its lost sales and reach the 2005 targets. Use the Percentage Sales Method and a 20% increase in sales to forecast Micro Chip's Consolidated Statement of Operations for the period September 26, 2004 through September 25, 2005. Assume a 15% tax rate and restructuring costs of 2% of the new sales figure.

Occupational health and safety Essay Example | Topics and Well Written Essays - 750 words

Occupational health and safety - Essay Example OSH increases workplace productivity. This is because OSH stipulates that all organizations have the duty of care of ensuring that employees and other parties who may be affected by organizations undertaking are safe at all times. Moral obligations in this case involve the protection of the lives and health of employees. Because of measures that are put in place in respect to moral obligations, employees become less susceptible to injuries and harm and thereby making the realization of a more secure, sustainable and healthier workforce. This in turn leads to abated levels of absenteeism, heightened motivation and ultimately, improved productivity. It is against this backdrop for instance that the European Agency for Safety and Health at Work (EASHW) established the finding that for every Euro that is invested in OSH, the Return on Investment (ROI) that is realized falls between 3 and 5 Euros, due to reduced costs that stem from reduction in absenteeism. In the US, the issue of absent eeism is underscored by the data that released to the same effect. Specifically, the United States Bureau of Labor Statistics established that machine-related accidents and injuries alone claimed 64,170 cases that required long sick-offs, in 2008 alone. Similarly, more than a fourth of these injury cases required more than 30 days being spent away from work (Reese, 2008). The fact that following OSH stipulations entails the installation of workplace risk prevention and the enhancement of proper health and safety management means that cases dealing with serious harm and injuries on employees are assuaged. Cases where these injuries are commonly recurrent are concomitant with high employee turnover, as organizations are compelled to look for another source of manpower or skilled labor. Adhering to OSH in turn alleviates cases of terminal injuries and thereby reducing the chances of high employee turnover that would be incurred as an organization tries to replenish the size of its work force. In a closely related wavelength, adhering to the standards and stipulations set by OSH gives organizational productivity the quality of continuity and stability. With the aforementioned abated cases of injuries and harm on employees, a corporate entity is succored from the task of having to retrain and nurture fledgeling personnel to acquire the necessary skills and experiences that an injured team possessed. This is significant, since training and nurturing organizational workforce entails numerous workshop drives and training programs. Reese (2008) points out that an organization also benefits directly when it adheres to OSH regulations and standards. This benefit takes the form of increased security from the ravages of workplace accidents, malfunction and human error. This is because; OSH is broad enough to include interactions with other subject areas such as safety engineering, chemistry and industrial engineering. This is especially more pronounced in industries that ha ve inherently high proclivity to accidents such as mining, construction and crisis management which have over time developed safety procedures and methods as a way of managing physical danger at the workplace. For instance, since 1992, engineering workshops specializing in welding of components are to adhere to the Personal Protective Equipment (PPE) regulations, and thereby curtailing high chances for

Balance Sheet, Income Statement and Objectives of Accounting and Firms Assignment

Balance Sheet, Income Statement and Objectives of Accounting and Firms - Assignment Example Contra Asset accounts are accounts that are offsetting accounts for certain asset accounts which are often called valuation allowances. Credits increase contra asset accounts, and debits decrease these accounts. Accounts such as doubtful accounts, and accumulated depreciation. Liability accounts are accounts that increase credits and decrease with debits. The examples of the liability accounts are accounts payable, long-term debt (loan), taxes payable and wages payable. Contra liability accounts are accounts that are offsetting accounts for certain liability accounts which are often called valuation allowances. Debits increase contra liability accounts, and credits decrease these accounts. The short-term portion of the mortgage payable is an example of a contra liability account. The accounts in the income statement are closed out every ending period and transferred to Retained Earnings and entered into the Income Statement. The two types of accounts used in the Income Statement are called Revenue and Expense accounts. Assumption: Cash would increase thus increasing the Cash account in the Balance Sheet, and Equity would increase thus increasing the Equity account in the Balance Sheet. Both sides of the Balance Sheet increase by $5000. The primary objectives of accounting are to fairly present the financial information in the financial statements with necessary disclosures in accordance with Generally Accepted Accounting Principles (GAAP) so that users of the financial statements can use them to make informative decisions. This fulfills one of the main objectives which is to give assurance to the public about financial statements. The main objective of the firm producing financial statements is to monitor business performance throughout the year and possibly compare with past results. When comparative financial statements are compiled, a better understanding of the level of consistency can be obtained.

In Defense of Masks by Kenneth Gergen Essay Example | Topics and Well Written Essays - 1000 words

In Defense of Masks by Kenneth Gergen - Essay Example It is evidently clear from the discussion that  it is impossible to live through life without putting on or developing masks. Masks are a vital part of human society. Masks act as a source of fostering relationships and understandability between various groups in society.  People portray different forms of their real selves. They adorn masks to masks to achieve various objectives in their lives, but it is a fake characterization of their true beliefs and attitudes of a person. Everybody has a motivation towards hiding their identities. Whether it is to get accepted, loved, ignored, inflict fear or hide from shame. This urge to wear masks is true to human form. The urge for survival in a tough and competitive world makes people act in a manner that is not true to self. For example, it is common for an employee to appear subtle in front of his/her boss just to appease them and look well-mannered or cultured. The employee may in the actual sense not be cultured or well-mannered. He or she may be a loudmouth or someone that ridicules fellow coworkers at the workplace. But because the employee is in the presence of their boss and he or she hopes to get noticed for a promotion or favor, they hide their true identity in front of the boss. The boss would thus pick up a fake attitude or behavior from the employee. The motivation to get promoted or noticed makes the employee wear a mask that hides their real identity.  Society has also forced human beings to wear masks. Societal pressures make people act in ways that are not true to their selves. In a world that is full of standards and demands, people act to please others and not themselves (Gergen 138). Friends, enemies, and relatives may force individuals to behave in certain ways.  

Noble Energy Inc Essay Example | Topics and Well Written Essays - 2250 words

Noble Energy Inc - Essay Example Throughout the years of its existence, the company has managed to overcome a lot of economic challenges which have encouraged and promoted them to have a strong financial cash flow system. Some of the operations that have enhanced their financial status include: their on-shore and off-shore operations that are located in different parts of the world. The company has been planning to expand its operations strategically by promoting partnerships that will allow it to save on costs and leverage on the expertise of the company. As a result, the company has ventured into fulfilling partnerships with several energy companies worldwide. It is without doubt that strategic partnerships and alliances always ensure that a company has a strong business foundation for years to come. The company’s oil drilling technology is up to par with the current standards. With that, they have an added advantage over energy companies that have not yet acquired the latest drilling technologies. In addition to that, their leadership and management can be termed as solemn since they have driven the company to the level that they are in currently. The market that is available is open for more energy options to be realized by the different energy companies. It is without doubt that if the company invests in natural gas plants they will have a variety of energy solutions to offer to their customers.

Working with and leading people Essay Example | Topics and Well Written Essays - 1250 words

Working with and leading people - Essay Example Hiring the right person, for the right position, and at the right time is important as far as the success of an organization is concerned. Making mistakes during the recruitment and selection process might be extremely costly for the organization i.e. might destroy its reputation. Selection and recruitment documentation During the selection and recruitment of an employee, an organization must prepare some documentation and follow some procedures. The first step would involve preparation of a timetable. This entails allocating reasonable time to activities within the recruitment process i.e. advertisement for the position, short listing, and interviews among other activities. The second step would involve putting together the applicant’s park with some documents including a copy of the job description, the person’s specifications copy, an application form, as well as, the monitoring form. The third step would involve ensuring that the internal preparations are in place. For example, the recruiting personnel must ensure that there is a trained panel, as well as, making sure that there is an effective system for the short listing activity. The third step would involve advertising the post. The advertisement document must be effective in terms of attracting the best talents in the labor market to apply for the position. After the advertisement, the recruitment team should shortlist the qualified candidates. After short listing, the recruitment team should conduct the interviews and then select the best candidate for the position (Arthur, 2005). Legal, ethical, and regulatory implications in the recruitment and selection process In the recruitment and selection process, there are both legal and ethical implications that the recruitment team must put into consideration. Failure to comply with the legal requirements could be too costly for an organization, for example, it might result to litigations. Unethical practices, on the other hand, entails action s or activities that are morally wrong during the recruitment process. The recruitment team must implement key laws to ensure that the recruitment and selection process is equal and fair, absence of discrimination based on sex, age and ethnicity, and every applicant has the right to work in the country. For example, when the recruitment team is placing job adverts, it must ensure that it does not discriminate any applicant based on color or sex. There are sex discrimination laws, as well as, race relations laws. Other key laws include disability discrimination laws. On the other hand, there are unethical practices during the recruitment and selection process. For example, child labor is not only illegal, but also unethical. Some organizations utilize child labor because of the fact that it is less costly. This may hurt the organization i.e. destroying the reputation and legal penalties (Martin, 2010). The selection process The selection process entails choosing the best candidate fr om a pool of applicants. An effective selection process helps in the selection of the most suitable individual from the applicants’ list. The recruitment team must comply with all legal, as well as, ethical requirements. Screening during the selection process is critical as far as identifying the best applicants based on the job requirements. During the screening process, the recruitment team goes through the applicant’s documents i.e. the curriculum vitae to identify the academic and working history of a specific individual. If the recruitment team is convinced that a candidate is qualified it shortlists him or her for the assessment tests or for the oral interviews. At the assessment centers,

Establishing a Teen Court Program Essay Example for Free

Establishing a Teen Court Program Essay Inspired on discussions with the parents-teachers associations, the Teen Court Program has been established to allow the young to deal with issues that bother them. With this program, the school initiates an establishment of a court where teenagers are the judges, prosecutors, and defendants handling cases of fellow teenagers. This court shall handle minor offenses, usually those which are done inside the school premises. Thus, the teen court will affect the school as a whole. The students who are taking part and those for which the teen court will be imposed upon as well as the officials and parents of the students will be involved in the program. The Teen Court Program will be established with the student council. The participants will be required to attend a one-day seminar with the Juvenile Division Parole and Probation Center to familiarize themselves with court procedures. After the seminar, a selection will be done as to who shall be jurors, court clerks and bailiffs. Others will be given assignments as attorneys from which cases can be ascribed and consulted with. They will be manning case proceedings in such a way that adults do them. The only difference here is the age. The Teen Court Program will take of next year, beginning with the seminar slated at the Juvenile Division Parole and Probation Center on January 15, 2008. It will be followed by a series of qualifying tests and interviews to divide responsibilities among the members of the group. Primarily, the members of the teen court will come from the student council. However, non-members of the student council can likewise serve as volunteers. Should they aspire for positions, they will be asked to attend a pre-set seminar and go through he same tests and interviews. If they are volunteering as support assistants, all they need to do is be a bona fide student of the institution to be able to apply and qualify. Adults such as parents may also volunteer for administrative functions such as billing, management, and planning. The Teen Court Program is expected to improve the juvenile justice system in the school. It will also upgrade the treatment on minor offenders in the community. With it, minors are arrested and tried on the court in front of a teenage representation. Ultimately, it allows minors to be the leaders and defendants of justice in their own right. The school decided to create the Teen Court Program to allow teenagers to deal with their own issues. Believing that adults may lack or have no understanding of the issues surrounding teenagers given the difference in age and activities, the school has taken this step. It also creates leaders, and allows teenagers to take part in such important activities. The juvenile court program will proceed on offenses that are considered minor to be taken to the non-juvenile courts. These offenses include minor fights where there are no casualties, stealing, all forms of cheating, and other misbehaviors. The program is beneficial at that it allows offenders to be tried according to a due process instead of being confined with the judgments of the local school board (made up of adults); the peers of offenders will be able to testify and give their sides, and learn lessons as well. School officials will also be less burdened by these minor offenses, and in general the community benefits because the minors being tried in these juvenile courts are handled accordingly and receives no exposure to real criminals. It has also been found that juvenile courts are cheaper to operate.