The Baggage I Left Behind

Individuals regularly become joined to the sort of life they are accustomed to living. The diary shows individuals how pushing ahead would mean despair for other people. This journal was composed to remind everybody that the individuals we meet in our lives add to whom we are today.The groundbreaking encounters remembered for this diary have been joined from the life of a remarkable person, who has allowed life another opportunity. In spite of the fact that area once turned into a prevention, the writer had the option to show the perusers that it was never past the point where it is possible to ascend and address the errors in the past.The diary follows a diary style, wherein considerations have been consolidated by how they were seen. Parts were precluded deliberately to give the perusers a light inclination when perusing through the content. Genuine pictures were likewise consolidated in the journal to give the perusers a thought of how the creator lived. This additionally shows an increasingly close to home touch from the writer to the readers.The substance of diary are based from the encounters of the writer at some point in her initial life. These were incorporated to show the perusers that all individuals are brought into the world equivalent. Each reserve the privilege to love, hurt, and acknowledge the things that are going on around us. The Baggage I Left BehindI have consistently accepted that my life was unprecedented. I did things that typical adolescents my age would do and associating with others was never an issue for me either. I had companions in school, and in the area, who added to the superb recollections I had in my youth.I carried on with my life how I would have preferred to. I was allowed to do the things that I needed and I had companions who consistently went to my guide. Scholastics were never an issue for me, for I generally had the drive to try sincerely and some time or another exceed expectations in my picked field. Things were becoming all-good, until my dad broke the news to us.When I was in junior year, my dad informed us concerning his choice to move to the United States. The news was shocking, for this implied I would not be seeing my dad for quite a while. I attempted to keep my feelings flawless, however my dad disclosed to us that it was for the best.He likewise said that he might have the option to give more to our requirements on the off chance that he earned more cash. Despite the fact that we were not for this choice, we permitted our dad to leave. Before long, he was on his trip to the United States.The passionate quandary began when my dad was beginning to settle in the United States. I was nearer to my dad than my sibling was. I was desolate more often than not on the grounds that my dad has consistently been a major bit of my life.We did things together and this was the first occasion when that we were isolated. My dad called now and again, however this was insufficient to cause me to feel that he was protected. All things considered, he was 7,000 miles from me.The opportunity arrived when my dad got engrossed with work. He began to miss calls, until he never called us. We were totally stressed on the grounds that my dad an ailment. We didn't have a clue how he was, and what he was doing. My mom and I would have restless evenings considering how my dad was, and gave various petitions to ensure his safety.Finally, we got news from one of his companions saying that my dad was okay. He was simply occupied with work, so he might have the option to acquire a lot of cash for us. The companion likewise said that my dad needed us to realize that after my secondary school graduation, the remainder of the family was additionally leaving the NAME OF COUNTRY to go along with him in the United States.I was left in wonderment after hearing the news. I had blended feelings that I was unable to contain inside my body. I didn't have the foggiest idea what to feel and how to respond wi th this exceptional change in our lives. Simultaneously, I was energized in light of the fact that it has been a very long time since I last observed my dad, however I was likewise gloomy.I have lived in NAME OF COUNTRY for my entire life, and moving to another condition would be troublesome from my end. I needed to figure out how to adjust another culture and connect and meet new companions. I had blended feelings towards this new undertaking. The hardest part for me was to acknowledge the way that my merry life in NAME OF COUNTRY was going to end.

Blown to Bits Essay Example for Free

Blown to Bits Essay Innovation has quickly progressed, influencing guidelines on protection, media communications, and criminal law. Consistently, we experience sudden outcomes of information streams that couldn't have happened a couple of years back. Because of the bits blast, the world changed out of nowhere. Nearly everything is put away in a PC some place. Court records, staple buys, valuable family photographs, radio programs†¦ It is all being decreased to zeroes and ones †â€Å"bits.† The bits are reserved on circles of home PCs and in the server farms of huge companies and government offices. The circles can hold such a significant number of bits that there is no compelling reason to single out what gets recalled. So much plate stockpiling is being created each year that it could be utilized to record a page of data, consistently or two, about you and each other individual on earth. When something is on a PC, it can repeat and move far and wide instantly. Making a million immaculate duplicates takes however a moment †duplicate of things we need everybody on the planet to see, and furthermore duplicates of things that weren’t intended to be replicated by any stretch of the imagination. Because of momentary exchanges, a few information spill. Visa records should remain secured up an information stockroom, however escape under the control of character criminals. What's more, we once in a while part with data since we get something back for doing as such. An organization will give you free calls to anyplace in the worldâ€if you don’t mind watching advertisements for the items its PCs hear you discussing. The book presents 7 ‘koans’ or standards with respect to the bits and the impact of it on mankind. Koan 1: Even however your PC appears to introduce pictures, writings, tunes, and recordings, they are totally made out of bits. Everything that’s computerized are governed by bits. Indeed, even prese ntly, bits are flying through the wireless transmissions by our telephones. Koan 2: Every duplicate made by a PC is great. The time of booksâ being manually written in many cases coming about to botches, has now been shut by computerized blast. Also, despite the fact that these machines do flop as long as the bits have been conveyed, the likelihood of mistake of the bits is so thin. Koan 3: Vast as overall information stockpiling is today, quite a while from now it will be multiple times as huge. However the data blast implies, incomprehensibly, the loss of data that isn't on the web. Obsolete programming and data not put away in the PC are normally expected as inexistent. Koan 4: The speed of a PC is normally estimated by the quantity of essential tasks, for example, increments, that can be acted in one second. The quickest PCs accessible in the mid 1940s could perform around five activities for each second. The quickest today can perform around a trillion. Koan 5: Exponential development is really smooth and consistent; it just sets aside next to no effort to go from unnoticeable change to exceptionally obvious. In the quickly changing universe of bits, it pays to see even little changes, and to take care of them. Koan 6: Data put away will all be kept everlastingly, except if there are approaches to dispose of it. The Internet comprises of a huge number of interconnected PCs; when information gets out, there is no getting it back. Casualties of wholesale fraud experience day by day the trouble of expelling falsehood from the record. It appears to be never to leave. Koan 7: In the bits world, where messages stream quickly, it some of the time appears that separation doesn’t matter by any stretch of the imagination. The quick correspondence of huge measures of data has made the misimpression that there is a spot called â€Å"Cyberspace,† a land without wildernesses where all the world’s individuals can be interconnected as if they were occupants of a similar modest community. The book presents two essential ethics. The first is that data innovation is innately neither acceptable nor badâ€it can be utilized for acceptable or sick, to free us or to shackle us. Second, new innovation brings social change, and change accompanies the two dangers and openings. Any innovation can be utilized for acceptable or sick. Atomic responses make electric force and weapons of mass pulverization. A similar encryption innovation that makes it feasible for you to email your companions with certainty that no meddler will have the option to disentangle your message additionally makes it workable for fear based oppressors to design their assaults unfamiliar. The way to dealing with the moral and good results of innovation while feeding monetary development is to manage the utilization of innovation withoutâ banning or confining its creation.

Need Help Writing Your Dissertation? Here Are Some Options

Need Help Writing Your Dissertation? Here Are Some OptionsWhen writing a thesis or dissertation, it is often best to find some help to help write your paper. Whether you have just recently started working on your project or you have had the project for a while, having a specific person to look over your work can make all the difference in the world. When you have someone who has written a lot of papers themselves and who has good ideas about how to do things, they will be able to help you with the formatting and other aspects of the document that will be most helpful to you.There are two main types of people who may be interested in helping you write your thesis paper. The first would be a reader who is going to review your papers and see if there is anything to be added or removed from your paper. While this is usually something that should be done by your advisor, many students feel that it is best to allow a trusted friend or family member to check on their work.Another option is to use a thesis advisor. Many students prefer to have someone looking over their work and giving them feedback on how it looks and how well it is written. If you have an advisor who is looking over your work at least once a week, you can rest assured that you will not have any major errors on your thesis papers.A thesis adviser works with you throughout the process. This means that they will keep an eye on everything as you go. They will listen to what you have to say and they will take the time to discuss it with you and see if there is anything that you may need help with. Since their role is to not only help you write the thesis but also to help you with presenting it, they will be able to see if you might need assistance with the paper's overall layout.It is always a good idea to ask your advisor about any possible changes that you can make. You will want to talk to them about things such as making sure the paper's title or topic matches your curriculum vitae. It may be helpful to read and reread your paper several times to make sure it flows properly and that everything looks the way you would like it to look.There are also times when you may be given the choice between going with a particular option or sticking with what you already have. At times, people get tempted to try and make their paper's unique and different. Even though it is best to stay with what you have, some students will choose to try to fit in something of their own. If you do want to try something unique, ask your advisor whether or not they would be okay with you using something borrowed from them for the paper.Writing an essay is difficult enough, so it is a good idea to try to make your thesis paper as personal as possible. Having someone else look over your paper can give you a lot of peace of mind about the project. As long as you stick to the basics, you should be able to write a good paper that shows off your writing skills and proves that you have taken the time to research your topic.If you have someone who is going to read over your work and comment on it, it will be much easier to get to the point and will also be much easier to get a handle on what to write about. In fact, you may be surprised at how much you end up liking what you end up writing. Just having someone look over your work and look at your work from a neutral point of view can mean the difference between having a great thesis or dissertation and having a mediocre one.

Rare Earth Properties

When you look at the Periodic Table, there is a two-row block of elements located below the main body of the chart. These elements, plus lanthanum (element 57) and actinium (element 89), are known collectively as the rare earth elements or rare earth metals. Actually, they arent particularly rare, but prior to 1945, long and tedious processes were required to purify the metals from their oxides. Ion-exchange and solvent extraction processes are used today to quickly produce highly pure, low-cost rare earths, but the old name is still in use. The rare earth metals are found in group 3 of the periodic table, and the 6th (5d electronic configuration) and 7th (5f electronic configuration) periods. There are some arguments for starting the 3rd and 4th transition series with lutetium and lawrencium rather than lanthanum and actinium. There are two blocks of rare earths, the lanthanide series, and the actinide series. Lanthanum and actinium are both located in group IIIB of the table. When you look at the periodic table, notice that the atomic numbers make a jump from lanthanum (57) to hafnium (72) and from actinium (89) to rutherfordium (104). If you skip down to the bottom of the table, you can follow the atomic numbers from lanthanum to cerium and from actinium to thorium, and then back up to the main body of the table. Some chemists exclude lanthanum and actinium from the rare earths, considering the lanthanides to start following lanthanum and the actinides to start following actinium. In a way, the rare earths are special transition metals, possessing many of the properties of these elements. Common Properties of the Rare Earths These common properties apply to both the lanthanides and actinides. The rare earths are silver, silvery-white, or gray metals.The metals have a high luster but tarnish readily in air.The metals have high electrical conductivity.The rare earths share many common properties. This makes them difficult to separate or even distinguish from each other.There are very small differences in solubility and complex formation between the rare earths.The rare earth metals naturally occur together in minerals (e.g., monazite is a mixed rare earth phosphate).Rare earths are found with non-metals, usually in the 3 oxidation state. There is little tendency to vary the valence. (Europium also has a valence of 2 and cerium also a valence of 4.)

Working capital efficiency of private and public sector enterprises - Free Essay Example

Sample details Pages: 15 Words: 4643 Downloads: 3 Date added: 2017/06/26 Category Business Essay Type Analytical essay Did you like this example? An attempt is made to study the fundamentals of working capital management and these are utilized to compare the working capital efficiency of public private sector enterprises by taking cases of two disparate business firms. Purpose of the study The disclosure of factors which are responsible for formation of a disparity in the management of the current assets and liabilities between the private the public sector business enterprises is a genuinely multifaceted charge. The research is an attempt to compare the working capital management of private sector and public sector business enterprises. Don’t waste time! Our writers will create an original "Working capital efficiency of private and public sector enterprises" essay for you Create order Significance of the study Working capital for any business enterprise is the nervous system for its operations. None of the businesses can efficiently survive in the long run without maintaining a sufficient level of working capital. It is vital for its sole existence in the corporate environment. The management of working capital is one of the most pertinent functions of enterprise. Any business entity having sufficient level of working capital would always be in a better position to get advantages or benefits of any uncertain opportunity either to buy higher levels of raw materials or attain a special sort of a tender offer or to wait for the right moment to get back to the enhanced and improved market circumstances. Working capital can be employed for the lease payment, payroll of an employee of the organization, all the everyday operating costs involved. This working capital is also an essential element when circumstances of unexpected elements arise. The growth of the organization on the whole depends on the efficient effective management and utilization of working element. So, it should be dealt with properly. Working capital also proves to be an essential element to generate revenues, returns dividends for the stakeholders. Inefficient handling and allocation of working capital would lead to poor results and would substantiate the benefits of financials on the short term basis. To attain objectives of profitability and sustained growth for the business enterprise, the efficient and effective management of the working capital becomes the most essential element. The management of this working capital is a tedious task, as it varies across businesses on the basis of elements like actual nature of the enterprise, the kind of raw materials utilized for operations, the technology deployed, finished goods maintained, level of inventory its management, credit policy undertaken by the firm etc. Also, a noteworthy amount of finance is required for the lasting investment in dissimi lar forms of current assets. In this paper, the management of working capital with respect to the private public sector business enterprises will be discussed taking an example case. The sector for the comparison will be the iron steel diligence. Some of the prominent features reflected are the following: The outline of alterations in the actual amount of the current assets is almost similar for both the enterprises. Utilization of short term financing to meet the lack of inventory or cash shortages is almost equal in both the private public sector enterprises. These two sectors classify the sections of the current assets current liabilities in a similar format. The sales revenues are improved by increased efficiency in the management of the working capital. The profitability and retained earnings therefore dividends paid to the companys shareholders are improved by proper management of working capital. Methodology The methodology for this paper is as follows: In review of literature, the theory on working capital management has been analyzed. The analysis of survey data section compares contrasts the working capital ratios of both the public private sector enterprises. In the later part of the paper, conclusion recommendations have been discussed. REVIEW OF LITERATURE Working Capital Management Working capital basically refers to the money value difference between the current assets the current assets of a firm. It is equal to Net Working Capital. Some of the financial analysts like to consider just the current assets which include cash marketable securities, inventory the receivables. The administration enforced deployed by the firm to manage the current assets the actual financing needed by the firm to support the present needs is referred to as Working Capital Management. Working capital is one of the most essential elements of any firms financials. The current assets of a characteristic manufacturing company account for more than half of the total assets. It may even account for more for a distribution company. Excessive disproportionate levels of current assets can easily lead to substandard levels of ROI (return on investment) realization. Also the other way round, maintaining very less current assets may lead to opportunity losses, shortages, would face d ifficulty in maintaining executing smooth operations. The current liabilities are the primary source of financing from external sources, if we consider smaller sized firms. The fast growing large sized companies also include financing based on current liabilities. It is the direct responsibility of the financial manager to manage the cash marketable securities, accounts payables, accounts receivables, other mechanisms to deploy short term financing. But the management of inventories isnt under the discretion of the financial manager. Thus, a good proportion of the financial manager time should be dedicated for the management of the working capital as it is pertinent to a firms profitability. Profitability Risk The two underlying fundamental decisions issues for a sound working capital management of a firm are: The optimum level of investment the current assets The correct blend of short term long term financing which would be used to support this investment in current assets. The lessening in level of investment in current assets, while generating proper sales, would definitely increase the firms return on its assets. To the extent that the explicit costs of short term financing, the greater the proportion of short term debt as compared to total debt, the higher is the profitability of the firm. Although the interest rates for short term financing are higher than those involved in the long term financing. Nevertheless, the short term debt are going result in much higher returns as compared to long term debts as debts will be paid during the period when it is not required. These assumptions for profitability suggest us for maintaining a lower level of current assets a greate r proportion of current liabilities. This will result in negative level of the net working capital. Profitability means more risk. Risk here means threat to the firm for improper management to maintain sufficient current assets to Meet the cash obligations that the firm incurs Sustain the proper levels of sales for example running out of the inventory The two most basic principles involved in management of working capital can be listed as: Profitability varies inversely with liquidity Profitability moves together with risk. Permanent working capital may be defined as the amount of current assets required in order to meet a firms long term need on a minimum level. Temporary working capital may be defined as the sum of current assets that differ with seasonal needs. If a firm decides to adopt a hedging i.e. maturity matching approach to financing, each asset would be an offset, to a similar financial instrument of almost the same maturity levels. The seasonal v ariations short term in current assets should be financed with short term debts. The permanent component of the current assets, also the set of fixed assets should be financed with long term debt. If we try to generalise the facts, the longer the composite maturity schedule of the financials utilised by the firm, the less risk is associated with it. Nevertheless, the longer this maturity schedule, the costlier the finance is ought to be. Thus, there is a trade-off existing between profitability risk. The working capital requirements of a firm are dependent on a number of factors. Some of the important ones are the following: Nature of the business enterprise The nature of the business enterprise the working capital requirements of the firm are interlinked. The manufacturing sectors have a longer cycle of operation, the services sectors have a comparatively shorter cycle of working capital. This amount varies as business engaged in production activities would require more amount of working capital. Manufacturing Policies Every firm will have different set of manufacturing principles. For example, some of the firms would like to continuing to follow uniform policies even if there are fluctuations is demand, some would prefer to follow principle based on the varying demand. Thus, the working capital requirements for both the firms would be dissimilar. Market Conditions Market conditions like higher competition, need for faster delivery of goods services, need for credit etc., the requirements of working capital would be higher. If there is lesser competition in the market, the requirements of working capital will be lesser. Availability of raw materials If there is constant ready availability of raw material, concept of JIT may be implemented, and the need to maintain inventory warehouses diminishes. On the other way round, inventory has to be maintained thereby increasing the working capital requirements. Growth Expansion Wh en growths expansions take place for an organization, the enhanced requirements of working capital arises. There is a need for larger set of working capital to fund the business activities. Price level changes If there is a trend of increasing price levels, a requirement of higher investment in the working capital arises. There is a need to enhance the investments in the current assets, thereby altering the working capital requirements. Manufacturing Cycle The manufacturing cycle basically may be defined as the period from the purchase of raw material to the fabrication of finished products. Longer the manufacturing cycle, the need for working capital increases. Some of the consequences of under-assessment of Working Capital are the following: The growth of the business firm may get stunted. Due to non-availability of adequate amount of working capital, undertaking of opportunistic profitable projects on the part of the firm becomes difficult. The implementatio n of strategic, tactical operational plans becomes difficult, resulting in lower profitability. A crisis in cash may emerge because of scarcity of working capital. The fixed assets may not be utilised to optimum level capacity due to lower availability of funds. Te credibility of the business enterprise may be adversely affected as it would fail to tribute to its prior commitments. This may lead to future business relations closure. To obtain cash, the firm may be forced to purchase raw materials on credit sell its finished products on cash. These quick actions may increase the purchase costs reduce the selling costs because of possibility of discounts to be offered. These situations greatly hamper the profitability of the business enterprise. It may lead to stoppage or slow down of production process because of non-availability of working capital funds. Some of the consequences of over-assessment of Working Capital are the following: It may lead to pointless building up of inventory, thereby increasing carrying costs. The firm may become tolerant enough to provide liberal credit terms to the buyers, may result in a poor management of cash recovery mechanism. The management may become complacent over satisfied, resulting in inefficient operations. The capital gets less productive it may lead to reduction in ROI (return on investment). METHODOLOGY Procedures The research methodology used for collecting the data was primarily of secondary nature. The data was collected from the annual reports of the two companies provided by various web sites like moneycontrol.com were studied comprehensively and analysed to arrive at a result. Calculations for the regression analysis have been performed using the Microsoft Excel spreadsheets, by putting the values in the appropriate formulae. Participants The research has been conducted solely by the author. No other participants were involved in the research no surveys were conducted. The data have been collected from the internet analysis has been performed based on the results arising from the calculations performed. Instrumentation The data collected have been depicted in relational format. Graphs and pie-charts have also been included to demonstrate the trends in market conditions and comparison of the same over the past years. ANALYSIS OF DATA The following tables show the various working capital ratios and other important functionalities for the financial years 2006-2010. The regression analysis is conducted the results are presented in the 3rd table. TISCO Working Capital Management Ratios Ratios Financial Years 2007 2008 2009 2010 Liquidity Ratios Current Ratio It measures the ability of the firm to meet the current liabilities with current assets. Current Assets Current Liabilities 1.203 1.113 2.513 5.461 Quick ratio It measure the ability of the firm to meet the current liabilities with the highly liquid current assets Current Assets less inventories Current Liabilities 0.597 0.542 2.085 5.075 Cash Proportion ratio It identifies the measured proportion of cash included in the assets 0.07 0.067 0.571 0.023 Working Capital Efficiency Working Capital Turnover It measure the usage of working capital to generate sales revenue over a given period of time. Sales Working Capital 41.41 39.33 2.394 0.735 Inventory Turnover It measures how many times the inventory has been turned over into cash during the year. Cost of Goods sold Inventory 6.094 4. 94 2.385 4.896 Debtors Turnover It measures the no. of times the receivables have been turned over to cash during the year. Annual net credit sales Receivables 25.67 30.67 33.65 37.81 Creditors Turnover It measures the actual rate at which the firm pays off to its suppliers. Total Supplier Purchases Average Accounts Payable 3.61 2.97 2.85 2.42 Asset Turnover It is the amount of revenue created for unit worth of the assets. Revenue Assets 3.89 4.05 1.45 0.7 Working Capital Structure Ratios Current Assets to Total Net Assets Current Assets Total Net Assets 0.337 0.287 0.54 0.79 Current Liabilities to Total Liabilities Currents Liabilities Total Liabilities 0.305 0.273 0.231 0.146 Working Capital Leverage Current Assets/Total Assets ÃÆ'Ã… ½Ãƒ ¢Ã¢â€š ¬Ã‚  Current Assets 0.365 0.287 0.858 1.571 RINL Working Capital Management Ratios Ratios Financial Years 2007 2008 2009 2010 Liquidity Ratios Current Ratio It measures the ability of the firm to meet the current liabilities with current assets. Current Assets Current Liabilities 6.171 5.182 4.85 3.712 Quick ratio It measure the ability of the firm to meet the current liabilities with the highly liquid current assets Current Assets less inventories Current Liabilities 4.891 4.45 4.45 3.245 Cash Proportion ratio It identifies the measured proportion of cash included in the assets 0.67 0.682 0.823 0.78 Working Capital Efficiency Working Capital Turnover It measure the usage of working capital to generate sales revenue over a given period of time. Sales Working Capital 1.64 1.22 1.08 1.23 Inventory Turnover It measures how many times the inventory has been turned over into cash during the year. Cost of Goods sold Inventory 4.67 4.55 5.0 9 4.64 Debtors Turnover It measures the no. of times the receivables have been turned over to cash during the year. Annual net credit sales Receivables 121.2 78.23 47.84 61.04 Creditors Turnover It measures the actual rate at which the firm pays off to its suppliers. Total Supplier Purchases Average Accounts Payable Asset Turnover It is the amount of revenue created for unit worth of the assets. Revenue Assets 1.23 1.07 0.83 0.84 Working Capital Structure Ratios Current Assets to Total Net Assets Current Assets Total Net Assets 0.72 0.923 0.97 0.98 Current Liabilities to Total Liabilities Currents Liabilities Total Liabilities 0.123 0.17 0.19 0.27 Working Capital Leverage Current Assets/Total Assets ÃÆ'Ã… ½Ãƒ ¢Ã¢â€š ¬Ã‚  Current Assets 1.65 1.23 1.25 1.11 D/P Ratio, DPS EPS data Financial Details TISCO RINL FY 1 FY 2 FY 3 FY 4 FY 1 FY 2 FY 3 FY 4 EPS 62.76 410.8 410.8 410.8 410.8 10.79 4.36 3.72 D/P 23.46 DPS 14.84 Regression Analysis Company Regression equation y = c + dx, where x = sales, y = debtors Sales Turnover (in cr. Rs.) Debtors (in cr. Rs.) Debtors turnover ratio (in times) TISCO y = 713.945 0.0075x 20,000 570.768 35.05 RINL y = 22.446 + 0.0117x 22,000 25.467 785.8 Discussions on the basis of management of cash TISCO has the range of composition of the cash balance as compared to the total current assets is between 1% 54%. RINL has the range of composition between 66% and 70%. In 2008-09, the cash balances of TISCO gets to it maximum value it tries to maintain the consistent level of operation. In case of RINL, the cash balances have increased at a fast rate. In case of TISCO, the current ratios and the quick ratios demonstrate a pattern trend in the upward direction. The cash proportion ratios initially increase for the period of 2008-09, but then demonstrate a decreasing pattern. The possible reason in this case can be that the inflow of funds is higher and the loans advances have been created in a greater proportion. In case of RINL, if we leave the cash proportion ratio, the liquidity ratios have tended to fall. The decrement is highest in the financial year 2009-10, as can be seen from the tables. In case of TISCO, the inflow of funds in the initial years of the research ha s been primarily through the operating activities. In the next couple of years, the inflow of funds is from both the operating and financing activities. The inflow of funds from the financing activities has increased through in the later part of this period. If we observe carefully, it can be seen that the outflow of cash in the initial couple of years has been primarily through the financing activities. There has been increase in the investment activities, thereby increasing the cash outflows. In case of RINL, the cash inflow is all the way by the operating activities but there is a decrease till 2008-09. The company had its inflow of cash through investing financing activities for two years out of the 4 years. Cash outflows were also observed for the two years. In case of TISCO, there is an observable difference between the cash obtained from operations before and after the working capital changes because of adjustments. The rate of growth for TISCO has been slow steady in th e domain of depreciation. In case of RINL, the cash obtained from operations before there are alterations in working capital decrease till FY 2007-08 and then the values improve after that. In case of TISCO, the loans advances remain at a higher level than the cash balances for the initial couple of years. The third year comes with an increase in cash balance. In the fourth year again the loans advances exceed the cash balances as it declines with a greater rate. In case of RINL, the cash balances grow with a high rate, but decline in FY 2009-10. The cash balances increase steadily throughout the period. In TISCO, the cash outflows can be observed in the first the fourth year, while cash inflows can be observed in the 2 years which are in between. The interest paid by the company has remained higher than the amount of dividends paid to the shareholders, the amount continuously gradually improves over time. In case of RINL, the cash inflow can be observed in all the 4 year s. Nevertheless, there is decrease in the amount of cash inflow. The firm hasnt declared dividends in these observed financial years. As the dividends havent been paid, the cash outflow because of this has been removed. Other measures of cash outflow such as the financial costs against the long term costs have gradually increased over the 4 years. Discussions on the basis of management of inventory TISCO has maintained a proper level of inventory for the observed period. When we observe the inventory composition, the raw materials the inventory for finished goods have the highest proportion, the values can be seen to be increasing for the complete period. The materials in store can be observed to systematically increase but the values remain below the raw materials finished products. The inventory composition of work in progress has remained lowest for the observed period. In case of RINL, the highest composition is for the work in progress finished products inventory. The raw materials composition comes next the lowest composition is for the materials in store. If we compare the annual revenues sales for TISCO, these have increased gradually for the period span. The annual cost of sales has a larger portion. The annual cost of production has remained low, but an increase can be observed in the year 2009-10. The annual cost of raw materials has remained lower as comp ared with the annual purchases if we leave the year 2006-07. In case of RINL, the annual sales have continuously increased for the period. A substantial difference can be observed between annual revenues and costs. The costs have also increased for the period. The cost of production has remained lower than the cost of production. The cost of raw materials has increased with a certain rate. The working capital to sales ratio for TISCO has remained high for the initial period, but has declined substantially in the next time span. The inventory turnover has remained steady for the period. The assets turnover ratio has the lowest value, and has decreased from the 2nd year. In case of RINL, inventory turnover has remained low. The working capital turnover ratio the assets turnover ratio doesnt show any noteworthy alterations. Discussions on the basis of management of receivables TISCO hasnt been relying on customer advances in order to meet its short term obligations. The values of sundry debtors have increased over the period, but with a gradual degree, as some constancy can been seen. The sundry debtors have remained lower as when compared to the advances from customers. For RINL, sundry debtors decrease in the year 2009-10, other than that there has been a gradual increase. The debtors turnover in case of TISCO has gone down, which symbolises growth prosperity for the company. As the years have passed by, the asset turnover ratio the payables turnover have increased. The creditors turnover has remained under the assets turnover ratio for the period of time. In case of RINL, the debtors turnover ratio has reached its peak value in 2006-07, but has reduced after that year. Based on regression analysis, receivables turnover ratio estimated calculated for TISCO is around 35.04 times. The receivables turnover ratio based on regression analysis for RINL is around 785.8 times is quite high. COMPARATIVE CHARTS: TREND IN WORKING CAPITAL TO SALES RATIO Chart demonstrating the Working Capital to Sales ratio for both companies: CURRENT ASSET COMPOSITION Current assets composition for TISCO over the 4 years: FY 2006-07 FY 2007-08 FY 2008-09 FY 2009-10 Current assets composition for RINL over the 4 years: FY 2006-07 FY 2007-08 FY 2008-09 FY 2009-10 CASH FLOWS Cash flows from diverse activities for RINL Cash flows from diverse activities for TISCO Some of the inferences that can be drawn are: RINL has been a lot conservative regarding the liquidity, as compared to TISCO. The cash producing ability for RINL declines for its operating activities. Therefore, the dependence on other sources for cash requirements is higher. RINL didnt go for any king of acquisition or other action during the period of 4 years. RINL hasnt engaged in payment of dividends to its shareholders. Thus, it can be seen that working capital for any commerce enterprise is the nervous system for its processes. None of the businesses can resourcefully continue to exist in the long run without maintaining a adequate level of working capital. It is vital for its only continuation in the corporate atmosphere. The organization of working capital is one of the most important functions of enterprise. Any business unit having adequate level of working capital would always be in a improved situation to get advantages or remuneration of any uncertain pr ospect either to buy superior levels of raw materials or achieve a special sort of a tender offer or to wait for the right second to get back to the enhanced and improved market conditions. Working capital can be engaged for the lease imbursement, payroll of an member of staff of the organization, all the everyday operating expenses concerned. This working capital is also an essential constituent when circumstances of unforeseen fundamentals arise. The growth of the business on the entire level depends on the efficient effective administration and deployment of working component. So, it should be dealt with appropriately. Working capital also establishes to be an vital element to produce revenues, returns dividends for the stakeholders. Unproductive treatment and allotment of working capital would lead to reduced results and would authenticate the profits of financials on the short term basis. To attain goals of profitability and continued development for the business enter prise, the efficient and valuable management of the working capital becomes the most vital element. The management of this working capital is a dull task, as it varies athwart businesses on the basis of elements like real nature of the enterprise, the kind of raw materials utilized for operations, the expertise deployed, finished commodities maintained, level of inventory its supervision, credit policy undertaken by the firm etc. Also, a noteworthy amount of investment is required for the lasting speculation in disparate forms of current assets. Thus, the management of working capital with respect to the private public sector business enterprises has been discussed taking the example cases of RINL TISCO. The sector for the comparison is the iron steel diligence as it can be observed from the companies taken into consideration. Some of the important characteristics established are the following: The summarization of variations in the actual quantity of the current assets is almost parallel for both the firms. Deployment of short term financing to meet the need of inventory or cash deficiency is almost alike in both the private public sector firms. These two sectors categorize the classes of the current assets current liabilities in a analogous arrangement. The sales revenues are enhanced by increased effectiveness in the organization of the working capital. The profitability and retained earnings consequently dividends rewarded to the companys shareholders are enhanced by proper administration of working capital. Based on the above inferences, it can said strongly that the working capital management policies of private sector enterprises are different than that of the public sector enterprises. SUMMARY, RECOMMENDATIONS CONCLUSION Working capital basically refers to the money value difference between the current assets the current assets of a firm. It is equal to Net Working Capital. Some of the financial analysts like to consider just the current assets which include cash marketable securities, inventory the receivables. The administration enforced deployed by the firm to manage the current assets the actual financing needed by the firm to support the present needs is referred to as Working Capital Management. The research was an attempt to compare the working capital management of private sector and public sector business enterprises. The disclosure of factors which are responsible for formation of a disparity in the management of the current assets and liabilities between the private the public sector business enterprises is a genuinely multifaceted charge. The decision making prototypes at the various stages are quite different for the two. Also, the organisational culture, the working environme nt and atmosphere vary to a great degree when the two enterprise segments are compared. Thus, these impacts can be studied from the operational activities. The actual model of deployment of the current assets and the management of current liabilities varies when the two sector enterprises are simultaneously compared. The analysis is limited to the iron steel industry segment in India. TISCO (Tata Iron Steel Company) and RINL (Rashtriya Ispat Nigam Limited) correspond to the private sector and the public sector enterprises respectively. The financial data was extorted from the annual reports published by the companies and through various financial portals like moneycontrol.com between the years 2006-07 and 2009-10. From the analysis conducted, it can be inferred that the management of working capital of both the private public sector firms is almost similar in the iron steel industry. Based on the above inferences, it can said strongly that the working capital management po licies of private sector enterprises are different than that of the public sector enterprises.

The Importance of Determining a Students Learning Style...

What does learning style mean in general? Learning style is simply the different ways a person perceives and process information. Knowing your learning style helps you to understand why you look at certain things the way you do. It also helps you to figure out when and how to use your learning style effectively as well as incorporating other learning styles as well. The way people perceive information typically range from a concrete experience to an abstract experience. People who perceive concrete information are more hands on versus the people who perceive abstract information who are more of the people who take time to analyze and break down the situation. The way people process information by active experiment prefer to jump in and†¦show more content†¦It also helps to write down material that has been taught orally on paper because it is easier for me to process what I have heard well if I see it on paper. I benefit from different handouts as well as illustrations becau se it helps me to actually see a clear picture. I prefer to read alone, take notes and do hands-on activities in class to help me better understand the material. I had discovered some learning tips that have been helpful to increase my learning experience in other classes as well. In math, I find it helpful to take a lot of notes as well as write down many examples. This helps me because I can take a problem and find an example similar to the problem and figure out how to work it out because I have something guiding me in the right direction. I also find that pictures can be helpful as well because now I have a visual idea of how to better work a problem. In reading I find it easier to record my lectures. I have to hear the topic over and over again as see it to get a clear understanding of what it is asking me to do. Also pictures are very helpful as well because I am able to see exactly what is going on. Since I have been in college I’ve had to change some of my personal st udy habits to maintain good grades in school. I’ve learned to actually schedule study time instead of just picking a random time to study. I find this helpful because I get moreShow MoreRelatedMulticultural Education : Issues And Perspectives1422 Words   |  6 Pagesof a student. Researchers from various studies have determined that students vary in learning performance and academic achievement. One factor that was determined to affect academic achievement was ethnicity. The question we will be trying to answer is: Is a Student’s Ethnicity the only factor to affect success or failure in school? We will look at research from articles that will provide data on a student’s academic performance determined through ethnicity and other factors. These other factorsRead MoreGesture and Its Role in Classroom Communication1661 Words   |  7 Pagesits role in classroom communication: an issue for the personalized learning agenda, Wall (2006) argues that even though there has been much research regarding interpersonal communication in the classroom, it has primarily focused on verbal interactions between students and teachers. He contends that further research is needed in the area of nonverbal communication, specifically the use of gestures. For true per sonalized learning to be effective, the teacher must be able to assess whether or not eachRead MoreLearning Styles Of Students Are Experienced Nurses For A Leadership Course1008 Words   |  5 PagesLearning is a process of retention of knowledge either by repetition, recitation, and demonstration. There are multiple theories related with the learning process. â€Å"Learning theories explain the complex nature of the interaction of students with their faculty, the learning environment and the subject matter† (Billings Halstead, 2016, p. 211). Every student has different ways that they learn things. Some students are auditory learners while others will be visual and tactile learners. It is the primeRead MoreMy I Decided For A Teacher891 Words   |  4 Pagesstudents based on their ability to learn. When you understand that this is what teaching is about, you try practices that will make your instruction stronger. Differentiation is one way to make sure that all learners gai n the education they deserve. Learning Plan When planning any lesson, I always consult the standards to determine what students must know and be able to do. The standard for this lesson states, â€Å"Students analyze, make inferences and draw conclusions about persuasive text and provideRead MoreHow Mathematics Has Changed My Life934 Words   |  4 PagesMaths is ubiquitous in our lives, but depending on the learning received as a child it could inspire or frighten. If a child has a negative experience in mathematics, that experience has the ability to affect his/her attitude toward mathematics as an adult. Solso (2009) explains that math has the ability to confuse, frighten, and frustrate learners of all ages; Math also has the ability to inspire, encourage and achieve. Almost all daily activities include some form of mathematical procedure, whetherRead MoreSchool Uniforms And Its Placebo Effect Essay1458 Words   |  6 Pagesmay not otherwise have clothing (Jenny Scott BBC News Online) Even today most of the schools req uiring uniforms are located in low-income neighborhoods. The uses of uniforms in today’s public schools are a placebo under the guise to provide a safe learning environment. This is done so by eliminating the competition of dress and creating a feeling of equalization and sense of security among students. There are many school officials who agree with the use of uniforms stating that it greatly reducesRead MoreMy Professional Responsibility Of Being A Teacher1445 Words   |  6 Pagesfor change and instil a love of learning into all of my students. I will endeavour to constantly be committed to my professional responsibility of being a teacher, combining my knowledge, skills and passion to create lifelong learners and impact positively on students’ lives. As a teacher, I aim to ensure I teach inclusively, believe in my students’ ability to learn and ensure each student’s learning needs are my main focus. I will ensure I influence the learning environment by being prepared,Read MoreA Stable Home Background With Parents Essay1499 Words   |  6 Pagesthe most important factors that is necessary for a child’s academic success. Parents are perhaps the biggest influences on a child or student’s life. When it comes to education, parents are able to positively and negatively encourage a child in school. Parents who positively support their children generally will have students who enjoy and understand the importance of school. Children who had negative parental influence generally become students who are less likely to appreciate school and more likelyRead MoreUsing Simulated Patients And The Health Care Professionals Are Breaking Bad News1358 Words   |  6 Pagesthe patient Breaking bad news using simulated patients SP in undergraduate medical curricula: The traditional way of teaching in medical education â€Å"see one, do one, teach one â€Å"is proven to be limited. Role modelling and imitation are emphasised, learning is clinically oriented, and the feedback is minimal. The biggest disadvantage is that the learners are faced with situations in the future which they find themselves to be underprepared for .(Jacques et al. 2011) Nature of the problem: One of theRead MoreThe Perspectives Of Albert Banduras Social Learning Theory1237 Words   |  5 PagesBandura leans towards the behaviourist learning theories when discussing the Social Learning Theory, he adds that learning occurs through observation and the observing of ‘models’, these can be parents, teachers, mentors or even characters on a TV show (McLeod, 2016). J L (2015) however, disagrees and views this learning theory as a bridge between behaviourist and cognitive learning due to its inclusion of motivation, memory and attention. This style of learning was depicted clearly through the 1961

Issues Affecting U.S. Economy free essay sample

It is obvious that our economy is in turmoil, probably the worst it has been since the great depression. There is no specific reason that has led to the horrible state our economy is in, there are many reasons. Although our economy is slowly on the rise agai, there is still a lot to be done to get us back on track. We, as a country, are no longer producing enough goods. We are importing way more than we are exporting and this causes a huge problem. This is a major cause of why we are in debt and it also makes less American owned companies exist. This causes us to â€Å"produce less wealth and generate taxes. † This is also a reason why we have to borrow money, causing more debt. Now, our government must continue to borrow money to pay these debts. Another example of why we are in such a great debt is the war in Iraq. We will write a custom essay sample on Issues Affecting U.S. Economy or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page America has spent hundreds of billions of dollars already in the war with Iraq. â€Å"Conservatively estimated, the war bills already paid and obligated to be paid are $3. 2 trillion in constant dollars. A more reasonable estimate puts the number at nearly $4 trillion† To most people, this has been dubbed, â€Å"the endless war,† which means all we are going to continue to do is spend more money money, which is putting us in even more debt. Oil and gas are also a big reason our economy is suffering. â€Å"Oil has topped $108 a barrel, the highest price since 2008, and regular unleaded gasoline now goes for an average $3. 69 a gallon. † This causes the prices of gas to skyrocket and this limits the amount of drivers. It restricts us to spend money on gas as we did before because it is so expensive and doesn’t fit into our budget.