Calculating the cash conversion Essay Example | Topics and Well Written Essays - 250 words

Calculating the cash conversion - Essay Example This is why a shorter conversion cycle is better. From the excerpt, it is evident that money is held in the stock up to the time when it is sold. It infers that invested cash, or money that was used to purchase this stock is not available, and cannot be used for any other purpose (Brigham & Houston, 2012). Therefore, business must maintain short cash conversion cycle in order to reduce costs associated with inventory storage and depreciation and maintain business liquidity at a higher point. In a nut shell, the cash conversion cycle measure the time in days that the company takes to convert its input resources into cash flows. That is, it reflects the period of time in days that the company takes to sell its stock, collect all cash receivables, and settle its bills (Whittington, 2012). It is conventionally agreed that a company that takes the shortest time is at its bets operations. This is because the cash becomes free as the cash conversion cycle shortens, and the company can invest it, use it for other activities such as purchasing new equipment, infrastructure to boost the returns. Cash conversion cycle is also significant in assessing the efficiency of the management and competitor comparison (Graham & Smart,

Issues in sports 2 Essay Example | Topics and Well Written Essays - 500 words

Issues in sports 2 - Essay Example 2. The issue of performance-enhancing drugs has been created in medicine and sport to ensure fair-play. It is considered vital that athletes should compete on a level playing field, on equal grounds, with the same advantages and liabilities provided to players from opposing teams. To articulate and enforce the concept of fair-play, there are anti-doping policies which prevent the use of performance-enhancing drugs. The use of these drugs goes against the rules of sports and is viewed as cheating (Kayser et al 2). 3. Management of the issue of performance-enhancing drugs is through the â€Å"physician involved in the athlete’s health supervision† (Kayser et al 9). The established ethics of the medical profession dictates that the physician’s role should be one of preserving the athlete’s autonomy. This is required to be done by maintaining a balance between ensuring the treatment leads to the highest degree of present and future health, while concurrently permitting the athlete to maintain a preferred life style. Principles of good practice for the role of sports physicians is an ethically rigorous need that has to be fulfilled. For this, employing independent physicians with status comparable to other sports officials, is possibly the best strategy for developing good practice. 4. The ways in which the above management action will affect the sport and society at large is an important aspect of the issue of performance-enhancing drugs. In contemporary times sports are increasingly significant for economic and political reasons. Elite sport is a self-sustaining enterprise, with extensive financial returns from â€Å"advertisement, media and audience revenues† (Kayser et al 9). Doping control cannot be considered as an internal matter of the sports community, since considerable public funds as well as governmental resources are provided for sports, for the purpose of health promotion and other sound reasons.

British Petroleume Essay Example | Topics and Well Written Essays - 1250 words

British Petroleume - Essay Example In the United States, BP expanded its operations through the acquisition of US Standard Oil Company (Longhurst, 23-27). BP has made considerable efforts to make sure that it continues to diversify within the energy markets other than the petroleum products. It also has a 50 % stake in the solar energy company it purchased from Enron, the BP Solarex. The company markets its products to about a hundred different countries. Its turnover exceeded over US $ 239 billion in 2009 and it employs a diverse group of over 92,000 individuals. British Petroleum (BP) became Britain’s largest and the world’s third largest oil exploration company, after its acquisition of Amoco. BP focuses on the exploration and production of natural gas and oil products. It has achieved economies of scale in various segments of its business and has vertically integrated over the last two decades. The company is involved in refining oil products, marketing its own products, and handling the transportation of its products to merchandisers. Moreover, the company also markets the by-products of crude oil produced during the refining process. It is involved in the production of acetyl products, aromatics and certain polyester intermediaries. The exploration business conducts research and locates oil and natural gas sites. Once located a cost-benefit analysis determines if drilling is feasible. Once feasibility has been determined, BP engineers work on field development, after which drilling of crude oil commences. Then the crude oil moves to the refining sites. BP performs all these mid-stream and up-stream tasks by itself. Alternative energy business segment focuses on developing new technologies. It is successfully catering energy needs through production of solar and wind energy. Research on bio-fuel products is also underway and other alternative sources of energy are being developed and marketed. A key objective

Cancer (carcinoma or sarcoma) Essay Example | Topics and Well Written Essays - 1250 words

Cancer (carcinoma or sarcoma) - Essay Example In some cases the myeloma cells collect in one bone and form a single tumor known as plasmacytoma. In other cases, myeloma cells collect in many bones resulting in the formation of bone tumors. This condition is known as multiple myeloma. (â€Å"Stanford Cancer Center†) There are some cases, though, when myeloma develops from a harmless condition called monoclonal gammopathy of undetermined significance or MGUS. This condition is indicated by the presence of monoclonal proteins produced by abnormal plasma cells in the blood. (â€Å"Mayo Clinic†) Generally, the balance between proliferation and programmed cell death is maintained by firmly regulating these processes to ensure that organs and tissues are well functioning. However, mutations in DNA that cause cancer disturb these systematized processes by affecting the programming and regulating processes. The normal balance between proliferation and cell death is apparently disrupted. (â€Å"Carcinogenesis†) Particularly for myeloma, the group of abnormal plasma cells multiplies, thus, raising the percentage of plasma cells to more than 10%. Under normal conditions, plasma cells usually make up less than 5% of the bone marrow. (â€Å"Mayo Clinic†) Although the exact cause of myeloma is not known, doctors believe that this sickness begins with a single abnormal cell in the bone marrow. This aberrant cell would then multiply. It should be noted that abnormal cells do not mature and die in the same way as normal cells do. With this, they accumulate and eventually overwhelm the production of healthy cells. (â€Å"Mayo Clinic†) Myeloma cells can also populate the other bone marrow sites in the body since they can travel in low numbers in the blood. If the growth and spread of plasma cells remain uncontrolled, bones and surrounding tissues can be damaged. (â€Å"Mayo Clinic†) Moreover, research proved that there is common abnormality in the DNA of abnormal plasma

Accounting and Society Research Paper Example | Topics and Well Written Essays - 3500 words

Accounting and Society - Research Paper Example Each business has its own industry and it has its own operational style. And, in each industry, various and numerous products and their diversified versions are available for the purpose of sale or for the purpose of subsequent processing. With the passage of time, and due to the boom and increase of diversity in the business world, it becomes more relevant and practical to introduce and implement new accounting theories and accounting standards for the purpose of harmonizing the business structure in the most appropriate and relevant structure. Thanks to this sort of thinking and approach, today, we have different specializations in the field of accounting than ever before. On the one hand, financial accounting serves the purposes and objectives of the external shareholders and stakeholders; on the other hand, management accounting helps internally; providing the best possible combination of accounting information that can be used for the purpose of making most appropriate and relev ant budget, cost, and management-related decisions. Financial accounting users prefer to see the aggregate performance of a company; for instance, they prefer to see whether the company has performed well in comparison with the financial statements of the previous year. And to what extent, the company has been successful in ensuring the achievement of its financial corporate goals and objectives. On the basis of comparative analysis, the shareholders decide and take their financial decisions. The users of financial information can be creditors, suppliers, shareholders, regulatory and government bodies and so on. It is the role of regulatory bodies like, International Accounting Standards Board, and other government bodies to ensure that whether a particular company has applied and complied with all the basic and fundamental regulations and standards. This compliance is necessary for companies and society as well. The compliance of standards ensures that the company understands the n eeds of all the relevant stakeholders and shareholders. Compliance of relevant accounting standards and legal requirements ensures shareholders that their financial investment is not at stake; rather, it is being used according to the relevant and applicable standards. In order to ensure that a company has fully or partially applied standards while preparing its annual or bi-annual financial statements, the public limited companies are required to publish their annual financial and non-financial information for the purpose of informing the general public. This explains the concept of free market, where the accounting and relevant

EU Law Fundamental Principles of EU Law Essay Example | Topics and Well Written Essays - 1500 words

EU Law Fundamental Principles of EU Law - Essay Example Therefore, the best way to describe what the decision in the Ratti case is principally about is option b); namely, that the Ratti decision is concerned with when EC Directives can be enforced in national courts. As highlighted above, the ECJ took it as given that Directives are enforceable in national courts as highlighted by the summary of the preliminary ruling in paragraph 1 where the ECJ asserted that â€Å"in cases in which the community authorities have, by means of Directive, placed members states under a duty to adopt a certain course of action, the effectiveness of such an act would be weakened if persons were prevented from relying on it in legal proceedings and national courts prevented from taking it into consideration†. However, in the Ratti decision, the ECJ were concerned with when EC directives can be enforced in national courts as the case involved two directives, with the deadline date for one of the directives not having passed for implementation. This case involved prosecution of Mr Ratti by the Italian Authorities for breaches of national law concerning product labelling and whilst Mr Ratti had complied with two Directives, the expiry for implementation of one had not passed and the court asserted he could only rely the Directive for which the implementation time period had expired provided it was unconditional and sufficiently precise, but not for the Directive whose time period hadn’t expired. In highlighting the right to rely on Directives in national courts, the ECJ asserted in the paragraph 1 summary that â€Å"consequently, a member state which has not adopted the implementing measures required by the Directive in the prescribed periods may not rely, as against individuals on its own failure to perform the obligations which the Directive entails†. Nevertheless, the ECJ highlight in the summary and in the grounds section (paragraphs 20-24) that to be relied on, the Directive must be sufficiently precise and unconditional. Moreover,

Religion Essay Example | Topics and Well Written Essays - 1250 words

Religion - Essay Example Perceptive on theism, philosophy, spirituality, and other beliefs are similar and dissimilar from what one considers of ‘religion’, can assist a lot in understanding the religion. Few points out where the outer borders of religion exist, whereas some assist to identify with what religion essentially comprises. This essay undertakes comparisons between the Jewish Religion and the Catholic Christian religion. Judaism is based on the principles and ethics incarnated in the Hebrew Bible and the Talmud and is a religion of jews. Even though Judaism has rarly been monolithic in practice, it has always been monotheistic in theology. Its central authority is not fixed in a person or group, but in sacred texts and traditions. Judaism adhered to a number of religious principles, the most significant of which is the faith in a single, omniscient, omnipotent, benevolent, supreme God, who created the universe and continues to administer it. It is the traditional Jewish belief that the God who created the world made a promise with the Israelites, and disclosed his laws and commandments to Moses on Mount Sinai in the form of the Torah, and the Jewish people are the descendants of the Israelites. The practice of Judaism turns around study and the complying of Gods laws and commandments as written in the Torah and set forth in the Talmud. Judaism is the 11th largest religious group in the world (Wikipe dia). According to Catholic belief, God, boundless and holy in himself, in a plan of total kindness generously created man to make him share in his own sacred life. Because of this, always and in every place, God get closer to man. He asks man to look for him, to know him, to love him with full of his heart and strength. He welcomes all men, scattered and alienated because of sin, into the unity of his Church. For accomplishing this goal, God sent his only Son as Redeemer and Savior of mankind. Through him and in the Holy Spirit, he asks men to turn