Summary of Economics of Strategy Book Essay - 1539 Words

Chapter 1, Basic Microeconomic principles TC function: Represent the relationship between total cost and output, assuming that the firm produces in the most efficient manner possible given its current technological capabilities. Semifixed: fixed over certain ranges of output but variable over other ranges AC(Q): average cost function; describes how the firms average cost function or per unit of output costs vary with the amount of output it produces. ïÆ'   When average costs decreases as output increases, there are economies of scale Margincal cost: refers to the rate of change of total cost with respect to outputïÆ'   the incremental cost of producing exactly one more unit of output. Margincal cost often depeds on the total volume†¦show more content†¦If you produce a lower quantity of output it could be that you should use another technology than someone who produces a large amount of output Short-run economies of scale: reductions in average costs due to increase in capacity utilization in that occur within a plant of a given size Long-run economies of scale: reductions due to adaption of a technology that has high fixed costs but lower variable costs Indivisibilities are more likely when production is capital intensive: Capital intensive: when the costs of productive capital such as factories and assembly lines represent a signifi-cant percentage of total costs. 2)Increased productivity of variable inputs (mainly having to do with specialization) Materials or labor intensive: when most production expenses go to raw materials or labor (are variable, variable costs) â€Å"the division of labor is limited by the extent of the market: division of labor: refers to the specialization of productiveShow MoreRelatedApple Chairman Statement and Reflective Writing Essay1451 Words   |  6 PagesSection 1: A draft Executive Summary Apple Inc. is a multiplier company. 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Comparing The Story Of An Hour And The Cask Of Amontillado...

Death and Murder by Dictation A life lived under someone else’s expectations is no life at all. Many people live their lives allowing others to tell them what to do. They allow others to put them down, and to make them feel less of a person. There have been stories about man versus man, man versus nature and most importantly man versus self. In â€Å"The story of an Hour† by Kate Chopin and â€Å"The Cask of Amontillado† by Edgar Allen Poe we see how each writer uses setting, characterization, and dramatic irony to show how allowing others to dictate ones life can lead to disastrous ends. The story settings of Chopin and Poe help to show how repression alters the mind. In Chopin’s, â€Å"The Story of an Hour,† setting is used to show how Mrs. Mallard’s repressed state of mind begins to flower and grow after she learns of her husband’s death. It is not upon first reading, but second reading, that most start to interpret the settings around Mrs. Mallard while she sits in her bedroom. Chopin writes, â€Å"She could see [†¦Ã¢â‚¬ ¦] tops of trees that were all aquiver with the new spring life.† It is, as she sits at the window, that she becomes aware that she is free of her husband. Spring is the season of new growth and awakening of animal life. Chopin also writes about how patches of blue sky appear out of the â€Å"clouds that had met and piled one above the other.† These two descriptions help the reader see what is, perhaps, going on in her mind. The setting in which Chopin put Ms. Mallard in helps speakShow MoreRelatedAna lysis Of Edgar Allen Poe s `` The Glasses `` And The Cask Of Amontillado ``1545 Words   |  7 PagesMany stories share a common theme, whether it be forbidden love, family events, adventure, or anything in between. One might even find themselves digging for only one particular theme in every story he or she chooses to read; indicating he or she has an obvious favorite. However, believe it or not, many people fail to even realize a common theme between two or more stories. As for Edgar Allen Poe, he is successful in his writings in all realms, however, he is notably creative and extravagant in hisRead MoreTerm Paper Edgar Allan Poes Infatuation with Death1498 Words   |  6 PagesEdgar Allan Poes Infatuation with Death Ralph Emerson once wrote, Talent alone cannot make the writer. There must be a man behind the book. Edgar Allan Poe acquired the ability to write Gothic horror through the tragedies that existed in his life. At three years old Poe lost his mother and father. Grief and sadness overwhelmed Poes childhood and eventually his literary style. By temperament and mournful personal experience, Poe was drawn into the contemporary cult of death (KennedyRead MoreHow Poets of the Eighteenth Century Handled Love2802 Words   |  12 Pagesare infamous for expressing emotions such as pain, love and passions associated with this emotion we call ‘love.’ They allow us an outlet to experience and express love. Eighteenth century poets: Robert Frost, Emily Dickerson, John Keats and Edgar Allen Poe were infamous for their poetic contributions to the literary world; because of their extraordinary gifts of expression we are able to understand different aspects of what it was like to exp erience love in the eighteenth century. The aforementioned

Why Is It So Difficult - 1121 Words

Conclusion Many of the new requirements seem unfair and confusing, as well as downright impossible for the small business owner to navigate due to conflicting advice on the internet. Why is it so difficult, and seemingly against regulations, for the small S corporation to provide additional assistance to the employees, including the shareholders? It seems that as a result of ACA, many employers saw that it made more sense to allow employees to acquire insurance through the marketplace. A win-win since the employee can take advantage of tax credits, and the company saves money. I would venture a guess, that the IRS and DOL would rather the small employer carry the burden of insurance costs through group health plans; which means removing incentives to reimbursement plans through the marketplace. (Weiss, 2014) Instead agencies have succeeded in creating an additional after-tax expense; which is borne by the employees of small businesses. Not so affordable and not really fair either. 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Roller Coaster Ride free essay sample

When I was younger, I used to love going to amusement parks because roller coasters fascinated me. These beastly machines are usually made of steel or wood, can go as fast as 120 miles per hour, and reach the height of 420 feet. It amazes me why average people like me would trade the tranquility of the ground to be high up in the air, being tossed around with such brutality and roughness, like vegetables in a food processor.Even still I enjoyed riding these fast amazing machines, sometimes so fast, that no matter how hard I tried to scream, my cry would not come out, as if it was trapped inside my body. I specifically liked the steel roller coasters with several loops, for they would give me the sensation of being spun around like rotating car wheels. The wooden roller coasters are also very fun because they sway much more than the steel ones, bringing back good childhood memories of when my dad would push me on the swings. We will write a custom essay sample on Roller Coaster Ride or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page What I enjoy the most about these captivating rides, and what makes me want to ride them again, is the thrill and excitement of having survived them. As I became older and gained more responsibilities and duties, going to theme parks became less frequent, but the excitement of riding roller coasters still intrigues and amuses me. Roller coaster rides are thrilling and exhilarating because of their speed, their hills, and their loops. Roller coaster rides are thrilling and exhilarating because of their speed.I used to think these scream rides went much faster than they actually do, but they simply pick up speed very fast, giving the feeling and impression of zooming through the wind. The air will gush at my face, making me believe Im in the middle of a storm, or hurricane, which makes my hair go all over the place, as if I had recently received a really horrible haircut. The air flowing also gives me the chills, tensing me up inside and making me unable to move, just like the last time I had to

Trend Analysis of Financial Statements †Free Samples to Students

Question: Discuss about the Trend Analysis of Financial Statements. Answer: Introduction This report is presented to demonstrate the reliability and efficiency of accounting and financial reporting over the company. As ASX listed company, Blackmores financial statements are evaluated with reference to financial reporting. Information is presented in reliable and transparent manner to represent the actual financial performance of company. It also includes the financial ratios analysis to support the efficiency of financial statement which creates a clear picture for the performance of business. Slide 1: Accounting and Financial Reporting Slide 2: Table of Content Slide 3: Presentation Introduction Slide 4: Company Background: Blackmores Blackmores limited is the one of the top brands in the category of the natural health in Australia. It deals in various products such as minerals, herbal, vitamin and nutritional supplements. It provides more than 250 varieties of vitamin, herbal, minerals and nutritional supplements. Maurice Blackmore established the Blackmores limited in 1930 (Blackmores (2017). The headquarter of Blackmores limited is in New South Wales, Australia. The Blackmores limited manages its business in various countries such as China, New Zealand, Singapore, Malaysia, Japan, Thailand, Korea, Cambodia, United States, and Macau. Since last 8 years, the Blackmores has been winning most trusted brand in the Australia for vitamins and supplements. Slide 5: Company Background Share price is also indicator for the financial performance of the company based on the trend in the stock price and the management decisions the stake holders decide to stay or exit from an investment. The good profits results to increase in the share price of a company on the other side it can be said that high share price of a company indicated increased profits of the company. From year 2013 to year 2015 the company was performing average due to several takeover decisions. But its profits increased suddenly in 2015-16 due to its entry in Asian market. So the share price is at peak of AUD $217.18 in this period of time and the decisions of the management is having direct impact on the share performance as stakeholders depends on the financial and accounting information of a company (BKL AU, 2017). Slide 6: Financial Performance Evaluation of Blackmores From the observation of balance sheet, it can be stated that there is a huge difference between the asset of 2016 and 2015 as AUS$2,94,624 and AUS$1,87,844 which can influence the decisions of stakeholders. On the other hand, current liabilities of company is measured as AUS$2,53,430 in year 2016 which can also a point that the liabilities over the companies are also increasing that also have adverse impact over the stakeholders to judge the stability of company in perspective market. On the other hand, the liabilities and assets both are increasing with huge turn so, it can be derived that the market capture strategy brought the impact over the financial data of Blackmore. In terms of equity, it can be inferences that reserve funding of business has reduced from AUS$8063 to AUS$5252 M. On the other side it is also assessed that the total equity of company has also increased with reference to year 2015 to 2016. Further, over the income statement observation, it can be said that the sales of company has jumped in turbulent manner. With this, net revenue for the Blackmore has also increased so it shows the satisfactory performance for the stakeholders to take the affirmative decisions. Profit and loss data indicates the good performance of company in year 2016 as compare to 2015. It is also reviewed that the income tax burden over the company has increased as it might taken the loan from the financial institutions; it can affect the position of company adversely. Slide 7: Financial Performance Contd. Over the looking of cash flow, it is captured that good amount of cash has been generated from the operating activities but most of it would be adjusted in the payment of employees and suppliers. On the other hand, the investing and financing activities have generated negative cash flow over the year 2016. It is positively noted that cash and cash equilent has also been generate at lower rate as AUS$2191 and increased up to the AUS$37653. Overall, it has generated $100 million profit for the financial year 2016 and it has stumbled the growth as 115% in relation to last financial year performance. These data are indicating the good financial position left out interest on activities. Along with this the, market cap values for the company has also tapped as AUS$1,757,380,000 which is also experienced the significant market capture at this time. On the basis of above performance, it is reviewed that the shareholders equity has increased with rapid changes. At the same time, the gear ratio has dumped in year 2015 but the year 2016 has experiencing good positive reflection over geared ratio of Blackmore as the figures are indicating. Slide 8: Financial Performance Contd. The above cited graph is indicating the gearing ratio of Blackmore as it had downward in year 2015 where, it was above 40 and it got down by 10 which is not good for the company. As the movement of ratio from the year 2016 it is upward which signs the increasing movement of companys gearing performance ratio. Slide 9: Measurement of Key Factors Impact of Convention over Accounting: Accounting conventions have significant impact over the accounting assessment as it influences by its rules and regulations of standards to follow while creating financial report of performance of business. Assets is influenced by the conventions as the company has shown the higher assets that it can create challenges for the stakeholders to found the actual asset for company as Blackmores has shown huge difference between the asset of 2015 and 2016 which can affect the management also to present the evidence to the financial reporting authority in order to prove the asset management. At the same time, the shareholders and owners equity should be separate from the business transactions. In concern to the convention, management should produce the real and reliable information for the external stakeholders to intake decision while investing in business because the data derives the real picture for the performance of business (Needles, et. al, 2013). At the same time, owners equity should be treated separately from the business to assess the position of business. Along with this, the convention of consistency should be taken into accounting while preparing the financial statements as it essential to follow the principles and procedure to present the accounting information in effective manner. Managerial Judgment: Materiality convention is directly linked to the management judgment that enforces the accountant management to consider the standard while assessing and presenting the information in real manner. Relevance of Information: It is important to consider the relevancy of information with the performance of business as the shown graph indicates about the significant performance of business, it should be related to the exact information because it might dilutes the stakeholders such as sales of business has increased (V. 2011). Faithful Presentation: Faithful presentation of financial performance leads to the reliability of companys presence in perspective market. So, following the accounting standards, it should not make any error and omission to evaluating the viability of company. Slide 10: Financial Ratio Analysis Profitability ratios: These types of ratios indicate the financial performance of company with respect to the sales of company and how much profit is generated by firm. Financial ratio analysis is as follows Gross Profit Margin =Gross Profit/Revenue (Tracy, 2012) = 143411/599485*100 = 23.92% Net Profit Ratio= Net profit/ Revenue = 100020/599485*100 = 16.67% Efficiency ratios: This financial ratio measures the efficiency of company to manage the differentiation ratio that predicts the cost of goods sold and average inventory Inventory Turnover = Cost of Sales/Average Inventory = 272917/47852 = 5.70% Total Asset Turnover = Net Sales Average Total Assets (Brigham and Houston, 2012) = 495468/363715 = 1.36% Liquidity ratios: Liquidity of firm is assessed over the current ratio and quick ratio evaluation. Assess the ability of the firm to manage working capital and its ability to pay its short-term debts without running. Current ratio = Current asset/Current Liability = 294,624 / 192,279 = 1.53% Acid test ratio = Current asset Inventories / Current Liabilities = 294624-116,486/192279 = 0.93% (Drake and Fabozzi, 2012) Gearing ratios: Assess the long-term capital structure of the business Debt ratio = Total debt/Total asset = 17,793/434,023 = 0.041 Equity ratio = Shareholders funds/Total asset = 1,78,263/434023 = 0.41 or 41% In terms of the relative quantities of debt and equity capital Investor ratios: This type of ratio indicates the shareholders about the performance of company to equate the debt to equity and market debt of company within specific time duration. Earnings per share (EPS) = Net income Preferred dividends/Share issued outstanding = 100,020 6285 /17225 = 5.44 Price-Earnings Ratio = Market Price per Share Earnings per Share = 119.57/5.76 =20.72% The above analyzed ratio indicates the good financial position of company over the performance of Blackmores in year 2016 as compare to the year 2015. In concerned to the horizontal analysis of company, it is presented to measure the financial performance of company with reference the Bellamy's Australia Limited which also deals in the consumer staples (Businessinsider, 2017). Over the comparison of horizontal analysis of Blackmore and Bellamy, it can be concluded that the both of companies are growing with rapid growth after year 2016 and triggered the sales above AUS$100 million. Financial statements are comparing in relation to the performance of businesses (Accontingformanagement., 2017). Over the income statement analysis, the Blackmores has shown the historical growth in the year 2016 as compare to Bellamy, it earned AUS$100 million and the net profit of comparative company is very lower for the same year. Conclusion It is concluded that companies needs investments from shareholders and investors. Stakeholders depend upon the financial reporting and financial steps of a company so it becomes vital for the companies to have transparency and full disclosure of information. Following accounting standards and principles will results to build trust and confidence of the all related factors towards the companies. References Accountingformanagement, (2017). Horizontal or trend analysis of financial statements. Available at: https://www.accountingformanagement.org/horizontal-analysis-of-financial-statements/ (Accessed: August 25, 2017). Annualreports, (2016). Annual Report of BELLAMYS 2016. Available at: https://www.annualreports.com/HostedData/AnnualReports/PDF/ASX_BAL_2016.pd (Accessed: August 25, 2017). BKL AU (2017). Bloomberg markets. Retrieved from: https://www.bloomberg.com/quote/BKL:AU Black mores (2016). Annual report 2016. Retrieved From: https://blackmores2016.annual-report.com.au/ Blackmores (2017). About us. Retrieved from: https://www.blackmores.com.au/about-us Brigham, E. and Houston, J. (2012). Fundamentals of Financial Management. USA: Cengage Learning. Businessinsider, (2017) 2 ways to analyze an income statement. Available at: https://www.businessinsider.com/horizontal-and-vertical-analysis-of-income-statements-2017-3?IR=T (Accessed: August 25, 2017). Drake, P. and Fabozzi, F. (2012). Analysis of Financial Statements. UK: John Wiley and Sons. Needles, B., Powers, M. and Crosson, D. (2013). Principles of Accounting. USA: Cengage Learning. Tracy, A. (2012). Ratio Analysis Fundamentals: How 17 Financial Ratios Can Allow You to Analyze Any Business on the Planet. USA: RatioAnalysis.Net. R. (2011). Financial Accounting. India: Pearson Education.