Introduction to Accounting - AAS3 Coursework Example | Topics and Well Written Essays - 1500 words

Introduction to Accounting - AAS3 - Coursework Example (Morrisons Annual Report, 2012) Moreover, it has 475 stores throughout U.K, while the new CEO, Dalton Phillips has quoted to have said to acquire 100 new stores in London and Southeast. (Morby, 2013) According to their latest annual report, Morrisons employ 131 thousand persons who serve 11 million customers every week. (Morrisons Annual Report, 2012) The current year has brought some positives for the chain of stores in form of two major achievements. Firstly, it has been able to strike a very important deal with Ocado to market its food online, and secondly, it has been able to add 200,000 sq feet of space in only 3 months to cop up with the fierce competition that has prevailed within the industry. (The Guardian, 2013) At present, Morrisons is standing tall due to its good practices in supply chain management, which kept it safe from the latest horsemeat scandal that adversely impacted Tesco. (BBC News, 2013) Today, it is growing at a rapid pace as can be seen by their decision to adopt cash management systems, online food business and the opening of new convenient stores. (Neville, 2013) TABLE OF RATIOS Ratio FY2008 FY2009 FY2010 FY2011 FY2012 Industry 2012 Liquidity Quick Ratio 0.25 0.28 0.22 0.21 0.21 0.77 Current Ratio 0.49 0.53 0.51 0.55 0.57 0.95 Efficiency Asset turnover 1.70 1.77 1.76 1.80 1.79 1.49 Inventory turnover 27.43 27.56 24.87 24.03 21.67 17.95 Debtors Collection 5.5 6.1 3.4 4.3 3.9 2.5 Capital Structure Debt to Equity 74.4% 82.0% 77.0% 68.8% 82.7% 100.0% Debt to Asset 42.7% 45.1% 43.5% 40.8% 45.3% TIE 10.2 11.2 18.0 26.0 25.3 Profitability GPM 6.3% 6.3% 6.9% 7.0% 6.9% 29.3% OPM 4.7% 4.6% 5.2% 5.5% 5.6% 6.1% NPM 4.3% 3.2% 3.9% 3.8% 3.9% 3.8% ROCE 10.6% 10.8% 12.2% 12.9% 13.1% RATIO ANALYSIS The very objective of any business is to earn profits, thus financial strength plays a key role in its success. However, profit is not the only measure to assess the strength of the organization as many factors such as its ability to meet its obligations, its growth, its leverage and its efficiency of operations are some important factors in the process. (Brigham, 1998) Thus in order to better understand the Morrisons, not only the trend of the ratios will be considered but its current performance with respect to its industry will be considered as well. Liquidity The ratios of Morrisons indicate its lesser liquid position with a quick ratio that has hovered around 25% only since FY2008. Despite the assumption that Morrisons deals in an industry that prefers keeping large amount of stocks, even then the industrial average of 77% is 3.7 times larger than the 21% of Morrisons. Moreover, the current ratio which ignores the impact of inventory also suggests the same story which increased to 57% from the last year’s 55%, and still has remained considerably below the industry’s average of 95%. However, one may interpret such information in a positive manner as retail sector prefers low amount of cash to ensure minimum cash ly ing idle. Moreover, the size of Morrisons cannot be denied that allows it to stock large amounts of inventory on credit which only depicts the strength of the Morrisons than any liquidity crunch. (Brigham, 1998) Efficiency The efficiency ratios of Morrisons suggest an efficient system of operations. While asset turnover remained stable at 1.8 since last year, the inventory turnover posted a significant decline from 24 to 21.7, which was still better than

Team and Leadership Recommendations Research Paper

Team and Leadership Recommendations - Research Paper Example Nando’s Restaurant has devised the method of improving its leadership and performance as the staff motivation (Hambley & Kline 2007, p. 142). The first team to be considered in the strategy is HR team. This is because they are the immediate people who will influence and change the attitude of the entire employees, as they are the immediate people dealing with other employees direct. HR team should be motivated in various ways. They should be given time to attend frequent leadership seminars and training (Harris, Hopkins & Chapman 2013, p. 63). This will enable them to acquire more skills, which will enable them to lead by example and motivate the other employees. The HR team should be given chance to give their new ideas on how the services can be improved or solve certain problems. This will make the HR team feel comfortable when delivering their duties as they feel they are part of the organization. The shareholders should consult the team before taking any step or making an y decision concerning employees’ performances. (Lumby & Coleman 2007, p. 61). This is a kind of motivation on the HR team, as they feel recognized before any decision is made in the company.HR team should employ the theory of team formation when trying to meet the targets of the organization. HR team together with other managers and supervisors should convince the other employees to form teams. When the employees work in teams it will be easy as they will work together aiming the same target.

Assigment Essay Example | Topics and Well Written Essays - 250 words - 3

Assigment - Essay Example sion for an industry that has spent millions to attract customers in the countrys growing Latino community and among the estimated 12 million illegal immigrants living in the United States. As a business owner, you sell to whoever comes into your store. You sell to whoever buys from you online. Its easy, normally, said Steven Camarota, director of research at the Center for Immigration Studies in Washington. Just in some cases where specific identification is needed, like in financial services, its more complicated. But getting less so Last month, Bank of America said it had started a pilot program in the Los Angeles area late last year that didnt require a Social Security number to sign up for a credit card. The Charlotte-based bank insists the card isnt specifically designed to attract illegal immigrants, and says that so far, it has not. The bank hasnt decided if it will offer the card elsewhere, but it would likely be popular with a population that generally lacks access to something as common in most American wallets as the dollar bill and a drivers license. Its a no brainer. Its a very large market, said Jim Johnson, director of the Urban Investment Strategies Center at the University of North Carolina at Chapel Hill. The bank is just the latest example of a major corporation recognizing the impact of doing business with Hispanics. ‘In 2005, the nations 6.6 million illegal immigrant families had an average annual income of $29,500 and accounted for nearly $200 billion in purchasing power, a figure thats only expected to grow,’ said Pew Hispanic Center demographer Jeff Passel. They are impacting the economy, Passel said. The unauthorized are explicitly coming for an economic basis. While credit card use among the nations 42 million Hispanics is on the rise, a substantial number of Latino households dont have access to credit, according a survey conducted by the National Council of La Raza, which found that 80 percent of American households use credit

Explain The raise and the fall of keynesianism Essay

Explain The raise and the fall of keynesianism - Essay Example This stems from the belief that unemployment is a result of insufficient demand for services and goods. This view was neoclassical and is defined as a ‘demand-side’ theory whose focus is short-run, in which aggregate demand strongly influences economic output especially during economic fluctuations such as recessions. Keynesianism was so much attached to the government policies in its advocacy (Keynes and Krugman, 2007). Keynes asserted that investment is a dynamic factor that determines the height of economic activity by responding to future expectations as well as interest rate variations. In this sense, he maintained that full employment could be fostered through deliberate action by the government. Such direct government influence on goods and services demand could be in terms of changing public expenditures and tax policies. The rise of Keynesian economics took place during later periods of World War II, the Great Depression, as well as the economic expansion after the war that is from around 1945 to 1973. Keynesianism was portrayed as a rational, beneficial, scientific advance in economic management providing a basis for triumphing over the crisis of capitalism and creation of just capitalist societies (Keynes and Krugman, 2007). The theories proposed by Keynes in the course of and after World War II gained worldwide influence and their adoption was an integral part of establishing new patterns of relations between labour and capital. This forms the basis on which the term Keynesianism is used often in broad reference to patterns of economic and political relations, which are associated with those policies and theories. The broad concept of employment, curiosity, and money proved to be a unique contribution that was acceptable to economic and political establishments propagating the spread of Keynes’s policies as well as theoretical ideas. Keynes was keen to oppose his theories to and

Affirmative action and Diversity policies Assignment

Affirmative action and Diversity policies - Assignment Example Cultural diversity is a notion that acknowledges the existence of differences between people of different cultures and suggests that the treatment of these people with inclusivity. Cultural diversity is a framework of social justice and a facilitator in the acquisition of knowledge, attitudes and skills that are pivotal for societal harmony. It does not only acknowledge race and ethnicity as cultural groups, but also sexual orientation, skills and handicaps, class, gender, national origin, age and even the geographic origin. It goes further to welcome the contributions of one culture, as well as those of others for positive social development.Response to Question 2The reason why diversity is encouraged in the student body rests upon various goals of advocacy for cultural diversity. One of the objectives of cultural diversity is to promote harmony and inclusivity. These are assured by the fact that all the cultural groups will feel they are treated fairly. Thus, they will also feel in cluded in the system. Another goal of cultural diversity is that every culture has certain unique strengths, as well as weaknesses that it cannot effectively address certain societal issues independently. Thus, other cultures are needed to bridge the gaps (Kollehlon and Eule, 2003). In the essence, what one culture lacks is compensated by the strength of the other. Response to Question 3In the context of business and education, the value of diversity is can still be explained based on the objectives of cultural diversity.... In the essence, what one culture lacks is compensated by the strength of the other. Response to Question 3 In the context of business and education, the value of diversity is can still be explained based on the objectives of cultural diversity. As earlier mentioned, one of the goals is that cultural diversity fosters harmony and inclusivity. These are assured by the fact that all the cultural groups will feel they are treated fairly (Sowell, 2004). Thus, they will also feel included in the education system, as well as businesses. In this regard, cultural diversity is a depiction of social responsibility, as well as ethics. Another goal of cultural diversity is that every culture has certain unique strengths, as well as weaknesses that it cannot effectively address certain societal issues independently. Thus, other cultures are needed to bridge the gaps. What one culture lacks is compensated by the strength of the other. Different cultures have different ideas and skills that could be integrated to enable institutions and businesses reach great heights of success such as through innovativeness. Response to Question 4 Affirmative action is aimed at addressing various disparities, including those that touch on social differences, economic development and political representation, with respect to various cultural groups. The disparities have various dimensions such as education achievements and social equality. In some cases, affirmative action can be simple considered to address various elements that are attributed as the legacies of past racism and colonial injustices (Kollehlon Eule, 2003). Response to 4A It is worth noting that affirmative action is founded on the notion that economic, political and social systems are not adequately fair and

Transition to High School Research Proposal Example | Topics and Well Written Essays - 3000 words

Transition to High School - Research Proposal Example According to the initial study that has been conducted, which was the collection of secondary data for the initial literature review, the author has gained an overall knowledge of the different aspects that pose challenges to students as well as teachers and parents when teenagers transition from primary to high school. And this knowledge has the author to design the framework for the study and the give the reader an overview of what can be expected throughout the entirerity of the research study. . In this document the author has given a brief description of the methods that will be used to carry out the main research study, the objectives of the research study, the structure of the dissertation, the timetable for the entire research study as well as the resources that will be needed to carry out the research study and finally the limitations of the research study. THE DIFFICULTIES FACED BY STUDENTS WHEN TRANSITIONING TO HIGH SCHOOL IN THE BRITISH VIRGIN ISLANDS, THEIR EXPECTATIONS AND SUBSEQUENT ACADEMIC PERFORMANCE AND THE SIGNIFICANT ROLE THAT CAN BE FULFILLED BY PARENTS AND TEACHERS ALIKE TO HELP MITIGATE THE DIFFICULTIES AND HELP EASE AND SMOOTHEN THE TRANSITION Introduction This is a research proposal that the author is completing in part fulfillment of her degree requirement. The area that the author would like to study is the difficulties faced by students when they transition into high school. Therefore in this research proposal the author will give an overview of the research objectives, the research topic, the resources needed for the research study, a brief literature review, the methodology for the research study, the limitations of the study, the timeline needed for the study and finally the structure of the dissertation when the entire research study is completed. In this document the author also gives the reader a basic knowledge of the manner in which the primary data will be gathered and the different sources that will be used to gather the primary data as well as a justification for the methods that will be used. Research Objectives Here the author will give a brief overview of the objectives of the research study that she will evaluate for completion at the end of the research. Gain an in-depth understanding of difficulties faced by students transitioning into high school in the British Virgin Islands To gain an understanding of the root causes of the difficulties faced by students when transitioning to the high school from the point of view of teachers and parents To understand how to make the transition from primary school to high school a smooth and easy transition. To gain an

Role of the FBI in the United States Criminal Justice System Research Paper

Role of the FBI in the United States Criminal Justice System - Research Paper Example Moreover, the FBI may also conduct investigations abroad but only if possible and if permitted by the government of the country in which it will conduct its investigation. The main concern of the FBI and the core of its mission is providing â€Å"criminal justice services to federal, state, municipal, and international agencies and partners† (â€Å"Overview,† 2012). This means that the role of the FBI encompasses and overlaps that of any law enforcement agency of the United States provided such a case is of a federal or national concern. The history of FBI began in July 1908 when then Attorney General Charles Bonaparte called for a small group of investigators that will report directly to the Department of Justice. This small group became known as the Bureau of Investigation or the BOI, and the first types of cases handled by the BOI included land fraud, copyright violations, prostitution, auto theft and other less serious crimes. In World War I, President Woodrow Wilson ordered the BOI to include among its tasks he investigations of possible espionage, sedition and sabotage. In 1924, when the BOI was under Director John Edgar Hoover, there was intensive demand for strict professionalism within the organization and this system of discipline has been implemented until now. In 1935, the BOI was renamed as the Federal Bureau of Investigation or FBI, and it was then that its tasks included the investigation of kidnapping cases and the new provision provided for FBI officials to carry weapons and make arrests. In the 195 0s, the FBI became very active in the suppression and control of riots and organized crimes during the Civil Rights Movement. However, it was only in 1995, after the 1993 bombing of the World Trade Center, that the FBI began its work against domestic and international terrorism for the purpose of national security of the United States. In December 2004, the DI or Directorate