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

Finance - Essay Example The basic constituents of balance sheet are identified as the net worth of assets, equity of the owners or the stockholders and the liabilities held by the organization for a particular fiscal year. In this similar context, the assets which are taken into concern in the balance sheet of an organization include cash, stock or inventory, bills receivable, tangible properties (e.g. plant, machinery and buildings) and goodwill. In this context, the goodwill is viewed to be a kind of intangible asset and appears in the assets side of the balance sheet. Arguments concerning the calculation of goodwill and its inclusion in the asset side of a balance sheet have consequently given rise to certain questions which also requires to be considered by managers dealing with company finances (Zions Bank, n.d.). The key components of income statement of an organization include revenue, operating expenses (both direct as well as indirect), depreciation, operating profit, net income, earnings per share , gross and its corresponding net profit. In this regard, only the indirect expenses appear in the income statement as the expenditures are indirectly related with the making of goods which again gives rise to certain questions concerning the reasons to avoid including direct expenses. The income statement usually delivers an exact picture of the incomes as well as the expenses incurred by the business and also determines their profitability along with business performance (Wall Street Prep, n.d.). Challenges in Interpreting Financial Statements Managers entitled to perform the financial recording of an organization are often examined to face daunting problems or challenges while interpreting the financial statements in order to make efficient financial decisions. The reasons fundamentally include extremely competitive business conditions, composite business transactions, requirement to comply with composite accounting rules and regulations, inefficient reporting from subordinates a nd huge compliance expenditures. In this regard, one of the most apparent challenges which are frequently faced by the managers in interpreting financial statements is the obligation to follow specified auditor norms which if misrepresented can even necessitate financial restatements. Consequently, the reporting failures as a form of financial restatements pose considerable impact upon the organizations by affecting their financial position to a large extent (DeZoort, n.d.). The other challenge which might be faced by the managers while preparing financial records indicates towards the accurate determination of revenue or capital expenditures. This challenge can lead towards affecting the income statement of the organizations by a large degree. However, this challenge can be addressed by taking into concern the actual items of the revenues along with the expenditures in the income statement for the motive of evaluating profitability as well as flexibility (Wall Street Prep, n.d.). O verview of the Financial Statements of a Healthcare Organization The constituents of financial statements vary according to the business operations from one sector to another. The financial statement of UnitedHealth also reveals unique and immensely valuable information relating to the US healthcare sector. One of the imperative information which has been viewed in the 2011 financial statement of this organization is regarding the total revenue. As can be revealed from the information presented

Introduction To Leviticus Research Paper Example | Topics and Well Written Essays - 1750 words

Introduction To Leviticus - Research Paper Example This has been the subject of controversy over years. To the proponents of documentary hypothesis, the book of Leviticus, which is also one of the Pentateuch books was not written by one person, Moses, but instead was a product of various others. Of course, there exists archeological and historical fabrications and evidence which explicitly supports this line of thought. While the debate about documentary evidence continues, there is also compelling evidence to believe the former. It is the intent of this paper to explore arguments against documentary evidence and to show Moses’ authenticity and single handedness in drafting Leviticus. The Hebrew derives the title of Leviticus from the initial word in it Wayyiqra’, which when translated implies â€Å"and He [the Lord] called† (1:1). The use of the conjunction â€Å"and† describes that Leviticus is a continuation of the previous chapter, Exodus, the flow of thought in this case is continuous and there is no break.1 At the same time, the English title of the book is derived from the word â€Å"Vulgate† which is a Latin version, which referred to this book as Liber Leviticus. This Latin title has been suggested as having the same meaning as Leuitikon, which implies â€Å"of relation to the Levites.† From the above analysis, it therefore seems quite correct that the title used in this book is appropriate, since the book has Mosaic Covenant that again relates to the Levites, or to be precise to the Israelites, delivered to them by Moses. The overriding theme contained in the book of Leviticus is worship. Moses later re-introduced the theme of worship in the later chapters of the bible in Exodus, but this theme was only concretized in Leviticus. The book illustrates how sinful redeemed Israelites could enjoy a new renewed spiritual relationship with their creator. It also shows how the Israelites could maintain this Holy relationship with God through worship. One of the main r evelations that are given in Leviticus is the nature of sin. From the analysis of other chapters, it can be seen that God under estimated man’s ability to commit sin. God first initiated this in Genesis and Exodus, and thus used Leviticus to clarify this sinful nature of man. Additionally, God exposes the theme of atonement in Leviticus. Atonement can be understood as the price of man’s sin. God in Leviticus removed the sins of Israelites until a final sacrifice was paid for sins. God continuously accepted the price of sin through sacrifice until a final atonement was made through Jesus Christ. Through atonement then man could be allowed to enter into a Covenant with God. For this situation, three things had to be given to justify man’s sinful nature. This book has been written by Moses because it contains God revelations to Moses in which he recorded in Leviticus after he renewed the Covenant with Israel (Exod. 34:1-28). This book is solely unique as it contain s God’s instructions to Moses. Andrew A. Bonar in his Commentary on Leviticus thus argues, â€Å"There is no book in the whole compass of that inspired Volume which the Holy Spirit has given us, that contains more of the very words of God than Leviticus. It is God that is the direct speaker in almost all the pages; His gracious words are recorded in the most original manner that they were uttered.†2 As seen in other similar literary analysis, Leviticus

Analyzing Value Net for Omni Hotel & Resort Essay

Analyzing Value Net for Omni Hotel & Resort - Essay Example Customers that are satisfied with their experience are highly likely to tell their friends about it. A second way customers could add value to the firm is by becoming recurrent customers of the company. Rivals – The company faces competition from direct and indirect rivals. All four and five star hotels in Texas are direct competition of Omni Hotels. Homes that rent their facilities for short monthly contracts are an indirect competitor of the firm as well as condos. Three direct competitors of Omni Hotels in the Corpus Christ marketplace are Days Inn Beach, Radisson Hotel, and Knights Inn. The rivals of the company represent a threat to the business organization. Omni has over 50 hotels across the United States (Omnihotels, 2011). The Corpus Christi hotel can add value and turn this threat into an opportunity by forming marketing alliances with other competitors. All the registered hotels in Corpus Christi can form a cash pool to advertise the region to tourist inside and outside of the United States. Such an initiative would increase the total tourism money that the region receives which would benefit the entire hospitality industry. Suppliers – In the hospitality industry suppliers have little power over hotels. Hotel chains such as Omni enjoy several competitive advantages including power to buy in bulk and take advantage of economies of scale, high variety of supplier options, and greater brand value than their suppliers. Several key suppliers that Omni Hotel must emphasize include food suppliers, cleaning suppliers, and bathroom supplies. The food suppliers are instrumental toward the success of hotel operated restaurants. Tourists are willing to pay a premium prices as long as they receive superb service and quality food. The organization can add value in its supply acquisition by advertising to the customers that they can take for free any supplies in from the room such as

Importance of the Parliament Acts of 1911 and 1949 Assignment - 1

Importance of the Parliament Acts of 1911 and 1949 - Assignment Example The two acts are important legislations, in that they limited the powers and the privileges wielded by the House of Lords, and sought to give the common person more powers through the empowerment of the House of Commons. The legislations are however not without issues, as demonstrated in the Jackson v Attorney General [2005] case regarding the legality of the application of Parliament Acts of 1911 and 1949 to pass the Hunting Act, making it illegal to hunt wild animals using dogs, except in very limited circumstances. 6The case was heard by a Divisional court and later passed on the court of appeal. The court of appeal decision was that constitutional changes could not be passed under the parliament act of 1911. 2The legal issues raised in this case is that any legislation done under the parliament Act of 1911 was not primary, but a subordinate one. The legislative power wielded by the Act was not limited, and thus was open to statutory interpretation. Upon reaching the decision, the judges raised the issue that the Act did not authorize the House of Commons to change or remove any conditions on which the law-making power is based. 6 The judges observed that the 1911 Act was wide to authorize some amendments of the commons law making power, contrary to the 1949 Act, which was observed to be substantial and significant. 6The discussion by the judges was that it was highly unlikely that the House of Commons could contemplate to use the Act to enact a legislation that the House of Lords had not consented to or to abolish the House of Lords completely. 2 If however, the House of Commons had such intentions, then it would be seen as contrary to the intentions of the parliament, when it was enacting such legislations.

History vs. Hollywood Cleopatra VII Term Paper Example | Topics and Well Written Essays - 1000 words

History vs. Hollywood Cleopatra VII - Term Paper Example Hence, Hollywood’s version of history is a combination of both fact and fiction. The substance of this prose will focus on Cleopatra, one of the most celebrated personalities both in the ‘real world’ and the silver screen. The latter was portrayed by Elizabeth Taylor in the 1963 adaptation titled â€Å"Cleopatra†. The movie closely follows the actual events but as is expected, there are some aspects that are spiced up, exaggerated or simply omitted due to the lack of appeal. Contrary to eminent historians, Cleopatra’s flawless beauty is the prime theme of the movie that is actually why men were drawn towards her. However, in reality Cleopatra’s beauty was neither jaw-dropping nor capable of driving men insane. In truth, Cleopatra wasn’t the beautiful lass that Elizabeth Taylor depicted her to be; in fact, she was a physically unattractive woman, who used her wit and wisdom as her primary tools of seduction (Grout 2012). The characterization of Caesar was also erroneous as he had never wished to be made emperor or dictator; it had been one of the fears held by the senate that eventually lead to his assassination. Furthermore, the movie also depicted how Caesar and Cleopatra’s affair had become increasingly public and the fact that Cleopatra bore him a son named Caes arion. In the movie, it is shown that Caesar publicly accepts his illegitimate son, Caesarion. Whereas in reality, Caesarion was never acknowledged by Caesar and much to Cleopatra’s ire, Octavian; Caesar’s nephew was proclaimed his heir. Caesar and Cleopatra had never married each other unlike the movie depiction. Historians have stated that Cleopatra’s and Caesar’s relationship was more of a political alliance than a romantic one that suited both individuals; their relationship is greatly dramatized in the movie. Nevertheless, the movie plot still followed the actual events closely and it did incorporate some very interesting details of history. The method through

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

Object - Essay Example The cup seemed to follow three geometrical figures, of a cone, a circle and a triangle. The main portion of the cup reminded me of an inverted cone though unfinished towards the cup’s base, thanks to the circular shape that is needed to balance its weight. The handle of the cup stood out from usual designs, by its triangular shape. The size of the cup made me apprehensive of its practical use, of holding it filled with tea, as it was just 10 centimeters tall and 7 centimeters in diameter. However, I was willing to buy it even as a showpiece, and the prize was not exorbitant. I just made sure in the shop that my two fingers can be inserted in the handle and that the cup does not tilt when I hold it. When I reached home, I tried using it as a teacup and was glad to find out that even with tea filled to its rim, the cup does not tilt, and the shape of the handle distanced my fingers from direct contact with the surface of the cup immediately near the hot content inside. The design is proportionate and pragmatic. The small base and expanding mouth of the cup is complemented by its triangular handle, expanding with the shape of the cup towards the tip. The color design is also in accordance with the shape of the cup. The predominant color, yellow, makes the cup look bigger than it is and the circles among the yellow surface and the border at the top in bright red color gives it the grand look that can be achieved only with the judicious bland of colors and shapes. To emphasize the handle, the yellow and red combination does not apply to its base and is instead painted white. The outer portion of the handle is yellow in color, while its inner portion is white. The bright red border extends to a very small portion of the inner surface of the cup, decorating its rim. The inner portion is a pure, spotless white. One functional aspect that I discovered about the extension of the red border

The strategic partnership for the delivery of Excellent Waste services Essay

The strategic partnership for the delivery of Excellent Waste services for the Somerset County Council (SCC) - Essay Example Wyvem needs to adhere to correct business procedures and procedures as failure to do so may lead to cancellation of the contract. Of much importance is the nature of the contract as it touches on a key service delivery area of the Somerset County Council. In the event Wyvem fails to observe the set standard in executing its duties in cycling of waste, environmental degradation in the form of pollution will occur. This can be a barrier to the success of the partnership. Customer focus is important in this contract because the customer is the final consumer. Wyvem cannot realise profits with out maximizing on sales from its products. The Household waste recycling centres will need proper and professional management, which will ensure customer satisfaction. Customer satisfaction largely depends on how customers are treated when they visit the centres, how their views and concerns are responded and acted upon and whether they perceive the management of the centres to value them. For the partnership to succeed Wyvem will need to restrict its operations and practice within the standard limits set in the contract. For instance, it can only obtain waste with in the rules set by Somerset County Council. The incentives offered by Wyvem must fall within the agreement just as the penalties Wyvem introduces to defaulters in the process of execution of its tasks must be within acceptable limits. The payment mechanism between the parties will hold as stipulated for in the contract / agreement and no matter the amount of profit Wyvem realises from recycling business, Somerset County Council is not entitled to claim extra benefits from Wyvem. Therefore adherence to the rules and regulations entered in the contract is necessary for the success of the partnership contract. The future of the contract largely depends on how keenly senior compliance officer plays his/ her role. As a senior compliance