Finance For Managers Assignment Example | Topics and Well Written Essays - 5000 words

Finance For Managers - Assignment Example1 Profitability Ratios It is impossible to pass judgment do goods or profit growth properly without relating them to the amount of funds (capital) that were employed in making the profits. The most important profitability ratio is therefore go on capital employed (ROCE), which states the profit as a percentage of the amount of capital employed (BPP 2009). Profitability ratios are usually reason in order to perform vertical analysis or to compare one year with another. These ratios take on net profit border and staring(a) profit margin, return on capital employed (ROCE), earning per dowry (EPS) and price earning (P/E) ratio. The net profit margin, gross profit margin and ROCE are the only ones that are pertinent for this exercise. The calculations for the four divisions are shown in Table 1 in the Appendix. Profitability The ROCE may be employ to assess how well the management of the divisions have performed (BPP 2009, p. 306). Two ra tios may be used to help develop ROCE. They are profit margin and plus turnover. These ratios are depict as secondary ratios while ROCE is described as a primary ratio. Profit margin is calculated under profitability while asset turnover has been included with efficiency ratios. ROCE can be used to determine whether the divisions are getting think of for money from borrowings to make it worthwhile. Quality Products member The figures for ROCE suggest that there have been conformable improvements over the triple year period. The figures have increased from a negative 6.9% return to a 7.7% return in 2008 and a 9% increase in 2009. However, management indicates that the division needs to achieve a 10% return on investment (ROI) and it is currently below that level. The figures also indicate that the profit margin of the Quality Products constituent has improved over the past years from a negative 5.7% in 2007 to 5.7% in 2008 and 6.4% in 2009. The gross profit margin has also in creased consistently from 38.9% in 2007 to 40.4% in 2008 and because to 41.4% in 2009. Kitchen character There was a significant descend in the ROCE from 16.9% in 2007 to 11.9% in 2008, followed by and smaller stemma to 11.4% in 2009. This is above the 10% ROI that the division needs to achieve. There have been inconsistencies in the profit margin over the period. The profit margin declined from 5.3% in 2007 to 3.6% in 2008. However, there was a marginal increase to 3.9% in 2009. The gross profit margins for the period declined from 39.2% in 2007 to 36.2% in 2008 and increased to 37.6% in 2009, which is not consistent with the changes in net profit. This was due to a more than proportionate increase in cost of sales. Bedroom Division The ROCE declined from 11.8% in 2007 to 11.2% in 2009. This is above the 10% ROI require by management. However, the profit margin is very small even though it increased from 3.5% in 2007 to 4.1% in 2008 and declined to 4% in 2009. This was in spi te of the consistent decline in turnover. The gross profit margin increased from 26.4% in 2007 to 31.4% in 2008 and a decline to 29.8% in 2009. This was so because the ratio of cost of sales to turnover was proportionately higher in 2007 then in 2008 and 2009. Office Division The ROCE declined for 14.2% in 2007 to 11.2% in 2008. However, it improved during 2009 to 12.5%. These percentages are above the ROI of 10% required by the management. There was a decline in

Sociological interest in the paranormal experiences Essay

Sociological interest in the telepathic experiences - Essay ExampleI find very little co relation between paranormal /anomalous experiences and the sociology of knowledge because it believes in rationalization of what is being experienced. It is very difficult to point out the surmise behind all things related to the paranormal / anomalous.If we try to understand what is really meant by paranormal experiences, ace thing that immediately comes to our mind is that it instills a feeling of global oneness. We just natesnot say that only those who atomic number 18 educated have had paranormal or anomalous experiences. Neither can we conclude that people chase a particular religion have experienced it. Such experiences argon universal across contrastive cultural communities too.Paranormal or anomalous experiences are those that leave a lasting impression on people who have gone through it but on that point are not enough say or logical explanation to prove their authenticity. So me of the phenomenon that can be categorized paranormal or anomalous are experiences of ghosts, UFO, other supernatural powers, spirituality, folie a deux condition, dj vu condition, parapsychology, occult, pseudoscience, protoscience, abduction phenomenon, extra sensory perception, natural human combustion, out of body feelings, near to death experiences etc. Apart from all these there are other phenomenon like astrology, numerology, phrenology, psychometry, psychic surgery, physiognomy, chiropractic, homeopathy, precognition, remote viewing, faith healing, channeling etc. Very few of the above-mentioned phenomena can be explained in a scientific way. Yet they are more interesting and draw some(prenominal) more sociological interest than those phenomena, which can be proved scientifically. The reason for this is that humans tend to set off bored with the tried and tested instances. Dolon rightly states in Coutts that I want people to know that there is more to life than what we call reality, more than what we can see - and it is not as far beyond our reach as we imagine. It is ordinary, everyday, here and now, in this minute. And it is magical, a gift. (2003 p. 291) There is a constant urge in all of us to discover the thrill of coming across the unusual. This common interest binds people unneurotic and make them a part of the group. People from different dimensions become a part of the sociological structure. Their common interest is termed as sociological interest..Chapter 1 Paranormal and the Sociology of ReligionThe sociology of religion has been an integral part of sociology since the very beginning. Davie in Taylor has very beautifully tried to bring out the link between religion and society. In his linguistic process there are two ways of defining religion in terms of its relationship to society. The first is substantive it is concerned with what religion is. Religion involves beliefs and practices, which assume the existence of supernatural bei ngs. The second approach is in operation(p) it is concerned with what religion does and how it affects the society of which it is part For example, religion offers answers to otherwise unanswerable questions (what happens when we die), or

Strategic Marketing Plan Bellway Plc Essay Example | Topics and Well Written Essays - 4500 words

Strategic Marketing externalise Bellway Plc - Essay ExampleThe construction division was even able to showcase an operating profit of 13.7m as well. This indicates that situation might not be as bad as it appears.In fact if we induce a look at the developments of past couple of years, it appears amply clears that the levels of profit margin which used to be the trademark of this industry ar no more available to the industry. Increasing levels of competition, more assertive consumers, increase emphasis on quality, strict norms for deadline adherence, dynamic nature of bloodline proposition etc are some of the factors which bring over led to the shrinking of profit margins in the industry. Pettinger (1998) withal underlined the fact that the industry is now increasingly creation dominated by client groups and peer pressure with too many contractors chasing too little exercise in the industry. The trend coupled with indications of imminent recession has become a cause of worry for the industry. Gilmore and Jordan (2008) also reported that the construction welkin in UK has slumped to new lows with deteriorating conditions in the housing market. As the construction sector comprises of 6 percent of British economy, and if this significant sector is not able to contri excepte its bit towards nations economy, whence the countrys economy will also come under pressure.Therefore under the circumstances the construction companies are supposed to tread a cautions path with well planned strategic moves. This study is an effort to starter out a course of action for Bellway Plc under the prevailing circumstances. Well, the times are indeed kind of uncertain and nobody knows how things are going to shape up in the next 6-12 months, which in turn calls for planning with shortsighted marches moves. Such a move might be suitable for a corner shop or for a small scale enterprise, but for a company with a successful track record of operation for last more than 50 year s, planning exclusively for short term gains might not be a wise move from a long term perspective.While devising a merchandise plan for Bellway Plc for the coming years, we need to think about ii broad strategiesi. How Bellway will take on the competitionii. How the company will remain in business with prevailing recessionary trendsiii. How the day to day operations will be executed to supplement the marketing plan.A marketing plan for Bellway Plc forms an integral part of its broader business plan implying in words and amount how, where and to whom Bellway proposes to offer its services to its existing as well as prospective customer under the exceedingly challenging circumstances. This paper is an effort to outline the companys approach not only in attracting potential customer, but also in convincing the existing customers to remain with the company for their future needs as well. In general the components of a marketing plan may include1. Terms of Reference Bellway requires a chance of the market, particularly after the recessionary trends have started showing signs of serious nature with concern on the overall economy. Though the major area of operation of Bellway Plc is UK only and it doesnt have big stakes in the international arena. But the impact of international markets and economic conditions in other countries will certainly have an impact on the UK economy, which in turn will affect the profitability of the company. Therefore, while analysing the domestic market, analysing the global cues is every bit important.2. Executive Summary

Paraphrase Essay Example | Topics and Well Written Essays - 1000 words - 5

Paraphrase - Essay ExampleEven more(prenominal) interesting, mundane tasks like cooking were governed by cultural guidelines, where, for example, yams were said to be manly crops because they were complicated to domesticise and harvest while staple foods like cassava had minimal significance.In this community, breaking of the kola crackpot was synonymous with receiving visitors at home. The Ibo religion with its reverence of many gods dictated the raising of children, ruling of the society and delight and communication with others. The community believed in ones personal god, chi. According to Achebe, being in sympathy with something causes chi to also agree (27). This divinity would therefore ensure the protection and success of such(prenominal) an individual.The Igbo had the legal opinion of god being the overshadowr over the affairs of people. To support this, Achebe uses the character of Unoka, Okonwkos father, being told that the broadness of the harvest of man who is a t peace with the gods and ancestors would be determined by the strength of his arm (17). In seeking to bond the community together, the Igbo culture upholds hospitality and observes religious principles. Nonetheless, the community is not under the rule of religion interpretation by spiritual or political community leaders. Regardless of gender, everyone makes individual decisions regarding their lives. This has more freedom than was the case with the society where Okonwko lived in.2-This book depicts Achebes criticism of the insensitivity towards the helpless in the traditional Igbo community. Achebe uses various events and characters to show the misgivings of the traditional life of the Igbo. For example, the author uses Obierika, Okonwkos best friend to appeal to Okonkwo to residue his emotions. Unlike Okonkwo, Obierika is a responsible father, husband, friend and member of the Igbo community. This character appeals to Okonkwo to think of more critical issues such as universal mo rality and truths. He

Equity and trusts Essay Example | Topics and Well Written Essays - 2000 words

Equity and trusts - Essay Examplepective of property relations such that even if matrimonial couples lived together in a property owned by one of them prior to the marriage and employ the same as family home after the marriage the law does not deem the newcomer as a part owner of such property. Albeit the courts enjoy wide discretion under the Matrimonial Causes fiddle of 1973 to distribute the properties in the midst of divorced husband and wife, a declaration dividing the matrimonial home equally between the ex-spouses cannot be made ipso facto because courts usually take into account legalities and legal requirements in adjudicating such property.Thus, in Pettitt v Pettitt 1970 AC 777 HL, the Court declared that the husband has no equitable engage in the couples family home notwithstanding the fact that he contributed labour and money in the improvement of the property. The Court held that the wife is the legal and equitable owner of the property because she used her own mo ney in its purchase. This decision was held despite the fact that the husband relied on the provision of s 17 of the Married Womens Property coif 1882, which allowed the Court discretion to distribute properties between contending husbands and wives.In another interesting case, Lloyds Bank v Rosset 1991 1 AC 107, 1991 All ER 1111, a married couple purchased a farmhouse out of family funds. The sellers, however, insisted that the purchase should be made in the name of the husband alone but the wife had a significant map in supervising the extensive repairs over the property. The family funds, however, were not enough to pay for the entire purchase damage of the property and the husband, without the knowledge of the wife, sought loan from a bank and secured the same with a legal fault over the property. When the payments for the loans defaulted, the bank moved to foreclose the property over the objection of the wife who claimed beneficial interest over it. The Court disagreed hold ing that the wife had no beneficial interest over it

Tower of Hercules and Las Medulas Mines Essay Example | Topics and Well Written Essays - 2250 words

Tower of Hercules and Las Medulas Mines - Essay ExampleThis render Tower of Hercules and Les Madulas Mine investigates the history of Spain. It is unique in the sense that some(prenominal) of the historical buildings survived the turmoil of divergent invaders. The Tower of Hercules is one such monument, which stands erect on the Spanish soil since the first century. The architectural grandness of the tower is the achievement of Gaius Sevius Lupus, a famous imperial architect of that era. Tower of Hercules originally stood thirty-four mebibyte high, with three levels. The first level has the structure of a typical Roman lighthouse, just near to the tooth root of the tower is a rectangular roman building which provides for the purpose of a fortress. The final level contains a magnificent sculpture park, with several rock carvings surrounding it on all sides. These rock carvings are from weightlift Age as known through architectural excavations. This tower signifies such glory th at during the Muslim era, many aristocrats had a desire to rest in its protection when they die. A small Muslim cemetery exists in its pavilion, which certainly relates to the historical diversity of Spain.Sculpture Park consists of many interesting curvatures. These include a coarse structure of a snail, tall enough to dwarf the existence of the humans, the park also includes small doors pave for entry into the park, and these doors include symbols of strength such as two lions guarding the door. The park extends to the central structure and provides a nice picnic spot for modern day tourists.

Juvenile Justice and Policing Essay Example | Topics and Well Written Essays - 1250 words

Juvenile referee and Policing - Essay Example. However, the types of cases and age of criminals are straightforward factors in all systems. Despite the fact that juvenile cases include dependency, neglect, status offences, and delinquency, today, cases of neglect, dependency, and status offences are treat by family courts, while the juvenile courts process cases of delinquency. The juvenile rightness system therefore comprises of the police subsystem, the juridic subsystem, the corrections subsystem, and the community-based subsystem, each with its own roles and personnel. To ensure fair legal handling of youth offenders the juvenile justice process is used. It comprises of four phases namely custody, intake, adjudication, and disposition, each of which has its own roles to play in the juvenile justice process. This report gives a detailed discussion of the juvenile justice system and the juvenile justice process. Keywords Juvenile, Youth, Cases, Juvenile Justice System, Crime, Offender, Delinquency, Juvenile Court, Juvenile Justice Process, Police, Judiciary, Corrections, Community-based Institutions, Custody, Intake, Adjudication, Disposition Introduction Juvenile crimes and wrong treatment of children have a profound impact on the well-being of the society (Martin, 2005). Juvenile crimes in the United States are a major cause of national concern. In recent years, juvenile crimes have been on the rise, with about a quarter of the crimes in America being committed by suspects whose age is less than eighteen years. bedraggled behavior has been noticed to occur as youths go through the difficulties of adolescent flavor. It is during this time that they engage in relationships, dating, drinking, working, and learn to drive. For all children in the United States, the risks of growing up are increased by favorable developments. The chances of adolescents taking risks are increased by economic, social, and political problems in America. These include the ine qualities of race, ethnicity, age, and class, individualism, the uncertainties of modern social life such as lack of jobs, prominence of consumerism, and lack of real opportunities for people of low social standing. Siegel and welsh point out that about 1.5 million youths are now arrested each year for crimes ranging in sincerity from loitering to murder (2011, p. 10). The juvenile justice system was established in order to handle crimes committed by young offenders. Despite the fact that they are interrelated, the system is different from the adult criminal justice system, in particular in the way juvenile crimes are handled, and the legal and political actions taken. How the Juvenile Justice System Functions gibe to Martin, the juvenile justice system is composed of institutions that have been organized to manage established procedures as a way to achieve justice for all juveniles (2005, p. 4). Juvenile justice procedures in the United States differ gibe to states and even co unties (Burfeind & Bartusch, 2011). Burfeind and Bartusch mention that each state has a separate juvenile justice system, and they are systems unaccompanied in a limited sense (2011, p. 295). The federal government has very minor involvement in the system of juvenile justice, due to the fact that juvenile crimes are usually violations of the laws of the states (Burfeind & Bartusch, 2011). However, the types of cases and age of criminals are pellucid factors in all systems. The age of a