Andrew Grove Free Essays

Intel Corporation is one of the world heads as far as microchip and chip creation. They set out on a crucial remaining in the top and even planned a methodology on investigating different types of business sectors like that of computerized wellbeing and remote applications. They have additionally been known to manufacture tie-ups with pioneers of the imminent markets they are investigating. We will compose a custom article test on Andrew Grove or on the other hand any comparable subject just for you Request Now They have tied up with web crawler Google for the remote application for instance. Essentially, Intel tasks are partitioned into two areas: the interchanges gathering, known as ICG or Intel Communications Group; and the other segment comprises of the Intel Architectural business. The compositional segment is answerable for the creation of â€Å"platform† sheets that comprises of chipsets and microchips, which are utilized in work area processors; including the Intel Pentium 4 processor and the Celeron. Then again, the interchanges area manage the creation and improvement of remote innovation. They are generally worried about blaze memory and cell base-band innovation. Intel is additionally known for huge scope tie-ups with different firms. Case of such is their tie-up with internet searcher Google for improvement of remote advances. They are additionally know to be associated with different firms like Microsoft and Dell. Be that as it may, rivalry has been believed to make up for lost time with the initiative goodness Intel. As of late, a great deal of rackets have been heard in the ongoing choice of present CEO Paul Otellini revealed his arrangement to deliver the smaller scale chip partnership to another industry. While the rest had their issues with it, previous CEO Andrew Grove is all gestures of recognition for it. The present CEO’s vision is to by and large change the picture of Intel beginning from what Andrew Grove for all intents and purposes manufactured. Beginning from the rejecting of the renowned â€Å"e† trademark of the logo, the organization proverb and even the brand, the organization has been imagined to experience a change. A great deal of chiefs appear to be against the changing of such things that made Intel an easily recognized name. Indeed, even the logo has been broadly known in all pieces of the globe. In the interim, Andrew Grove has been vocal about his endorsement of the said changes. As he would like to think, they are of a similar line of reasoning that the current CEO has, that the organization truly needs to experience these adjustments with the goal for the to tell the world that even Intel is acclimating to the quick paced development of the business and that they, as an organization, ought to be at equivalent balance with the remainder of the organizations in the equivalent industry.â He further anxieties that it is a basic for the organization to show that the organization displays a demonstration of hazard taking and result direction, joined additionally by the estimation of order. Previously, under Grove’s oversight and Craig Barrett (Grove’s replacement), the organization concentrated on the creation of chip and started to lead the pack in that industry for a considerable length of time. They helped bring forth the Information Age by creating more microchips and thusly, delivering quicker PCs and completion in the advancement of small scale preparing. Be that as it may, what Otellini had as a primary concern is a long way from the previous picture of Intel, taking into account that he even needed to change the logo and friends image. He needed to wander into unknown districts of computerized wellbeing industry and that of â€Å"platform† innovations. Notwithstanding the negative perspectives about Otellini’s choice, Analysts from outside the organization have refered to different perspectives about the subject, expressing the way that occasionally, change is required for a major organization to keep up strong preferred position. They likewise included that different organizations that endure the progressions kept up industry administration, much the same as what befell Texas Instruments. In any case, the opposite side notes that it isn't generally that prudent to change their objective industry and discover a specialty in different markets, in spite of the fact that they have initiative in the business they would leave. Adding capability to the capability of the pundits, Intel’s contender, AMD (Advanced Micro Devices) Inc., have scored a significant point against Intel as it bested the organization as far as utilization as AMD Inc rose to a higher rate in 2003 and examiners see that it would keep on ascending against Intel except if Intel discharges another serious line of processors later on.. In the remote correspondences field, Texas Instruments and Qualcomm Inc are as yet standing their own ground against Intel’s progresses. Likewise, the two organizations are wanting to discharge their own variants of the stage that they guaranteed, would acquire portions of the market than the new Intel is attempting to fabricate a specialty on. Then again, numerous individuals are acclaiming Otellini’s vision of the new Intel, expressing that they have never observed such a great amount of development in innovation concerning their fields, particularly that of medication. Additionally, individuals have really observed the development of the organization, demonstrating guarantee for an entire assortment of new plans that are in progress. Not exclusively did the plans help organization attaches with different organizations, yet in addition made their accomplice organizations trust in the new adaptability of Intel. They advanced nearer attaches with mobile phone combinations Nokia and Samsung; had present tie-ups with Google; attaches with Sony and Philips; and with those ties, Intel had the option to deliver and discharge various sorts of imaginative items. There various improvements have diverse market responses. Some creating incredible outcomes, others not. In any case, experts are directly in bringing up that different organizations that are industry pioneers likewise experienced changes that appeared as though they are going no place, in spite of the fact that at long last, they have demonstrated that their change would really pay off. Furthermore, presently, Intel took their lead and in the end accepting a few changes in themselves too. The issue would be, on the off chance that they can keep up the constructive outcomes and dispense with the negative impacts of the changes. With respect to their choice of making the organization over, It is. The industry’s response to it appeared to regard the choice as a savvy move also. Opponent AMD Inc made a few arrangements with ATI, and this indicated Intel delivered a greater danger than previously. Additionally, the aftereffect of other promoting methodologies in the arrival of the new items demonstrated that Intel can truly stand its ground against the opponents in the ventures that they have entered. They additionally demonstrated that they can keep up the authority in their industry, and even rebuilt themselves into a more genuine danger than that of previously. Nonetheless, not all choices exclusively produce great impacts. The negative impacts in this manner ought to be managed likewise. Otellini didn't make a terrible move and he guaranteed that he would deliver great outcomes which he did, despite the fact that in the process almost embarrassing the organization as he endured close to misfortunes and keep on being behind Texas Instrument in different fields. Intel settled on a decent choice remotely as well as settled on advancement choices inside, dealing with their workers better and offering opportunities to different fields like medication to be at a similar level as that of the specialists, the capability of Intel previously. May be this was a factor in Otellini’s condition that he concocted for organization development. All things considered, Intel has made a noteworthy move from the manner in which it was thirty seven years prior. It additionally left from the family figure that we perceived. Despite the fact that this an intense move in there part and a somewhat dangerous one considering the old model is one of the principle reasons why Intel made it to the top. In Otellini’s, and now Intel’s conviction, It is one hazardous move that was intended to keep up administration and increase focal points in different fields that they would seek after later on. The market and business world would need to watch out as Intel’s new look will undoubtedly remain, as is their new standpoint in the business fights. Lists of sources Intel Corp. Organization Profile. Hurray! Fund. Recovered October 26, 2006. (http://biz.yahoo.com/ic/13/13787.html) Intel Corporation. PC Business Review Online. Recovered October 26, 2006. (http://www.cbronline.com/companyprofile.asp?guid=E82C088A-0488-4DB5-8953-9E316C2B44D1CType=Background) The most effective method to refer to Andrew Grove, Essay models

Julian Beever free essay sample

Julian Beever is the best asphalt craftsman Julian Beever is an English craftsman that makes dreamlike chalk drawings on asphalt surfaces. His craft is once in a while so persuading that individuals evade potholes he has drawn on an asphalt. His epithet is the asphalt picasso. His chalk workmanship can take days to make however just keep going for a brief timeframe in the wake of being stepped by people on foot or pulverized by the components. His craft keeps on living, notwithstanding, by photos taken at that point. Julian found his ability as a craftsman during the 1980s. The craft of making a picture that looks genuine is called trompe loeil. He has worked in the UK, Belgium, France, The Netherlands, Germany, Austria, the USA and Australia. There is by all accounts a typical networking email letter delineating his specialty. This in certainty is the thing that propelled me to make this squidoo page. He used to work in Punch Judy appear and that is the place he saw other asphalt craftsmen that roused him to attempt it. We will compose a custom article test on Julian Beever or on the other hand any comparative subject explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page The 3D viewpoint came later: I chose to get into 3D subsequent to seeing the impact of tiles being expelled from the road, and later attempting to reproduce the feeling of profundity in a drawing.How is this radiant workmanship made? His specialty is made with chalk. To begin with, similar to a capable engineer, he first plans his manifestations on paper. When he begins, Julian places a camera a good ways off of the craftsmanship and continues watching it through the perspective of the eye. The explanation is basic: the camera has a wide calculated focal point that can make an optical ilusion that can twist the real size of articles. I think on the grounds that as far as possible what your mind can do, he stated, it restricts the cerebrums capacity to pass judgment on separation, it makes you just utilize one eye.And in this manner you can cause the cerebrum to accept stuff that else it wouldnt accept. This is what is known as anamorphism. When he begins on his creation, he goes to and fro from his craft to the camera two or three hundred times to increase point of view. When its made, the outcomes will seem exceptional as confirm in the photographs on this focal point. it will gradually vanish because of nature. He isn't stressed over it vanishing, since he and a huge number of others can catch photos of his creation that will perpetually live in the web More about his lifeThere isn't significantly more about Julians life, when defied with private inquiries, for example, what amount do you make from this? , he won't react or overlook you, he would prefer to examine inquiries concerning his craft. In general, Julian is exceptionally appreciative to the web on the grounds that else he would not have gotten the opportunity to demonstrate all his craft to a large number of individuals and increase the notariety he well merits. Its that photo that goes on the Internet. At that point a huge number of individuals will see it. It will be there until the end of time. It doesnt disappear, really.The drawing on the ground is only a vehicle. Asphalt Picasso stuns people on foot with 3D magnum opuses In full perspective on spectators in a London road the caped crusaders Batman and Robin scale the side of a consuming structure to protect universal craftsman Julian Beever, who is roosted on the edge of the asphalt. The superhuman scene is crafted by the man named the asphalt Picasso for his ability at making staggering pictures on the walkways of regular areas around the globe. The 46-year-old craftsman, who is situated in Belgium, has burned through a large portion of the previous 20 years painting with chalk to create shocking 3D pictures which blend reality in with dream to trick the eyes and stunt the brains of passers-by. From monster cola containers to swimsuited animation sunbathers, Beever has become well known making figments around the globe, from Australia to the US and the vast majority of the significant European nations that fall in between.When saw from specific points, Beevers unpredictably itemized chalk draws make a persuading impression regarding profundity on the level surface of clearing stones. From different viewpoints, be that as it may, his drawings show up oddly twisted and look to some extent like their expected picture. To build his deceptions Beever, initially from Melton Mowbray in Leicestershire, utilizes a camera focal point to assist him with controlling the picture on the level surface to show up more realistic.By utilizing procedures of viewpoint spearheaded by specialists, for example, Leonardo da Vinci in the fifteenth century and Hans Holbein in the seventeenth century, Beevers anamorphic workmanship mixes reality with craftsmanship to trick the natural eye into seeing a picture that doesnt genuinely exist. The human cerebrum works out 3D pictures dependent on the data it gets from the 2D light examples that fall on to the retina at the rear of the eye. When added to the cerebrums information and experience of how equal lines unite out yonder and articles appear to be bigger the closer they are, Beever adjusts those viewpoints to make his illusions.Beever got intrigued by asphalt workmanship while working with a Punch Judy appear in York during the 1980s, when he previously went over crafted by different experts. I chose to get into 3D in the wake of seeing the impact of tiles being expelled from the road, and later attempting to reproduce the feeling of profundity in a drawing, he once clarified. Every one of his manifestations can take as long as three days to finish and, by their temperament as road craftsmanship, are rarely perpetual. On the off chance that it downpours it implies Ive done a ton of difficult work for little more than, I as a rule figure out how to maintain a strategic distance from that, he said.His most popular works photos of which are broadly accessible on the web incorporate a profound pool so reasonable tha t customers turn to stay away from it, a wellspring in a person on foot walkway and a 3D drawing of the Earth that was utilized to feature the Make Poverty History crusade. Notwithstanding his 3D craftsmanship Beever likewise paints wall paintings, reproductions of old bosses, oil works of art and compositions. He is frequently charged by business associations or gatherings hoping to feature a specific battle or message. My craft is for anyone, its for individuals who wouldnt go into a craftsmanship display. Its specialty for the individuals, he said.

What are Prepaid Expenses

What are Prepaid Expenses Some stories don’t end up the way they were meant to be. If you want things to be as they are, you need to know how to plan ahead. Whether it’s your life or your business, you need to take into account future payments, for instance.Unless you prepare well, you could get into a financial rut, one you would most likely want to avoid.And that’s what prepaid expenses are all about. It helps you stay ahead, and prepare from before.Let’s say you recently bought a car and paid insurance for it.The insurance isn’t going to help you right now. You will benefit if you meet with an accident or any unforeseen incident in the future. Or, you may claim the insurance if you want to replace an expensive part of your car.Insurance, however, is just one of the types of prepaid expenses. Even though they are a liability, in the beginning, they become beneficial over a long period of time.    Businesses will want to have enough prepaid expenses to cover future payments, and have the money rea dy when you need it.You will need to report it on the balance sheet, and only when the asset expires will you need to write it on the expense sheet.Confused as to how that happens?Read on, as we talk about all the prepaid expenses that your company needs to deal with, and the income statement that you need to make.After all, just understanding the management expense ratios isn’t going to help you when it comes to having a successful business.HOW DO PREPAID EXPENSES HELP YOU IN YOUR BUSINESS?  Do you own company vehicles? We are sure you have vehicle insurances for them. The prepaid expense will refer to the yearly insurance payment in advance that you have made for all the vehicles.So, your income statement for the year will actually have one twelfth of the amount you have prepaid at a time, and will be debited to the insurance expense head.These expenses are valid only for a limited amount of it. In the business world, a prepaid expense is considered as an asset. Only when the as set goes unused during its validity period, it is considered as an expense.For example, you paid $1,000 as your car’s insurance premium for two years, but you didn’t use it. You will not get the money back. After the insurance expires, you have to renew it, which is the usually same amount as the previous premium you paid.Here is a look at another example of a prepaid expense. In business terms, a prepaid expense is money you pay in the present for services or products that will be used in the future. You can pay for a prepaid expense in the current financial year and use it in the next financial year until and unless it is valid.Prepaid expenses are subject to time and affect a company’s balance sheet and income statement. They are balanced at the end of the company’s billing period, which can be monthly, quarterly, half-yearly, and yearly.DIFFERENT TYPES OF PREPAID EXPENSESWhen you talk about prepaid expenses, you talk about accounting, which makes it a purely business ter m. Companies use it as a part of their balance sheet to identify its profits and losses.Insurance is just one of the prepaid expenses that you pay. Let’s take a look at the remaining types of prepaid expenses. 1. Legal feesLawyers and companies enter a retainer agreement, which binds them together in a business contract. The companies have to pay retainer fees to the lawyer as a sign of appreciation, which is calculated in terms of the professional services the lawyer will offer in the future.When the business renders a service, the amount is deducted from the prepaid credit tab and added to the legal expenses account.2. RentMany commercial rent agreements ask businesses to pay the first and last month’s rent along with the deposit to make the contract valid. Just like legal fees, when the first month is over, the prepaid rent amount is transferred from the credit tab to the rent expenses account.The same transaction takes place during the last month of the lease period. Rent pa yment of the months in between is typically paid after the month ends.3. TaxCorporate firms pay quarterly estimated tax to reduce the tax liability at the end of the financial year. Even though companies have to pay the amount, it is considered as a prepaid tax until they make the final tax payment.Businesses do this to reduce the work at the end of the year so that they can concentrate on the core business activities. The accounts are cleared quarter-wise and the process is a lot faster.4. Utility billsUtility bills include water, gas, and electricity bills but are usually charged at the end of the month, depending on how much you used each of the resources.However, corporate firms go for prepaid utility bills, wherein they pay for a fixed usage at the beginning of the month or decided period. It like paying for an internet plan, which you have access to only after paying the fees.5. SuppliesCompanies have to pay in advance when they order supplies in bulk quantity. It is recorded as a prepaid expense until the company receives the stock.6. InsuranceInsurance is purchased with the intention of safeguarding the company’s assets. If the company paid $1,200 for one year’s insurance, it is divided into 12 months. In the beginning of the year, the whole amount is put under the prepaid expense tab.After one month, $100 is transferred to the insurance expense tab. As every month passes, $100 keep getting transferred until it is time to renew the insurance.Cash management seems to be the keyword here.WHY DO YOU CONSIDER PREPAID EXPENSES AS ASSETS?Every aspect of business is important, whether it is understanding financial ratios or the money you’ve to incur every year.Like we explained before, a prepaid expense is something you have already paid for either partially or completely and haven’t used yet. It is valid for a limited period of time, during which you can take its benefit. Any expense that hasn’t expired and can be used in the future is termed as an asset on the balance sheet.For example, you want to claim insurance on the electronics used in your office that were damaged because of a rainstorm. The insurance company will pay for the new electronics. You won’t have to take out any money from your pocket. You can consider prepaid expenses as emergency funds that offer relief during times of distress. When the time limit expired, it is moved to the expense section.Let’s talk about something more simple. You have to fly from Miami to Chicago, where your family stays, during Easter weekend and you book an airplane ticket for it. You make the payment and receive an email about it. The booking that you made in advance is an asset. When you go to the airport and show the ticket, you will be directed towards your flight. Your flight booking is a prepaid expense that you made to visit Chicago.If you would have directly gone to the airport on Easter morning and booked a flight, which leaves in two hours, you didn’t make a prepaid expense. You booked at the time of check-in and flew to Chicago.Many people get confused between a liability and an asset. They put a prepaid expense as a liability, but that is a wrong consideration. A liability is an unpaid or outstanding expense, which you pay after you receive the service. One good example of liability is the utility bill that you have to pay after calculating meter readings.RECORDING PREPAID EXPENSES IN YOUR BALANCE SHEETYou can divide the process of recording prepaid expenses into two parts journal entry of the prepaid expense and adjustment.Journal entry of the prepaid expenseStep 1. You, the company, receive an invoice from the supplier and verify it with the concerned team members. They go through the terms of the agreement and judge it against their assets and company requirements.Once approved, you notify the supplier that you are ready to enter the agreement. For example, an insurance company sends you the invoice of $1,000 as a yearly insurance payment .Step 2. Both parties sign the agreement, and you make the payment and receive a receipt of an acknowledgement from the supplier.Step 3. Add it under insurance in the prepaid expense tab, which falls under the assets category. Make sure you match the revenues with prepaid expenses because it becomes convenient to tie back the two in the future.Adjustment of the prepaid expenseAt the end of every accounting period, which can be monthly, quarterly, or annually, settle the prepaid expenses with the expense account. When it comes to insurance, you usually divide it into 12 months and deduct from the prepaid expense and add to the expense account as the time goes by.In this part, you only adjust the expense, so there are no additional costs. Verify all accounts to make sure that is settled and match the expenses and revenue generated.TIPS TO MANAGE PREPAID EXPENSESHandling prepaid expenses can be challenging because they are easy to forget and take a lot of efforts to track over the peri od of time. Here are some tips that will help you while managing prepaid expenses:Don’t record small prepaid expensesIt is best to not mention small prepaid expenses like stationery you order monthly because they are difficult to track. You will have to do a lot of back and forth, which is a huge waste of time.Mention them in the balance sheet when you receive the order under the expense account. If you still want to record the small prepaid expenses, you can create a separate chart when you mention all the payment but don’t add them in the balance sheet until you receive the products or services.Make multiple categoriesPrepaid expenses are put under the asset category. To make sure you maintain a proper record, divide the prepaid expenses into sections and subsections according to their nature.If your company has three insurances, for example electronic insurance, business insurance, high-level management insurance, list them all separately, so you don’t have to worry about what money went where.Other sections you can make under prepaid expenses include prepaid tax, utilities, supplies, and anything major you pay for in advance.Set alarms for transactionsIt is easy to forget the date to make transactions from prepaid expense to expense account. The best way to remember it is by setting the alarm or reminder for it at the very beginning. It takes away the stress and gives you more time to concentrate on ways to improve your company and bring in more business.Set up a recurring journal entryA journal is a document that you use to record all transactions. When you make the transaction from prepaid expense to expense account, mention it as a recurring entry in a journal. It will help you to cross check and settle the accounts at the end of the year.WAYS TO RECORD PREPAID EXPENSESThe type of recording a company goes for, completely depends on the nature of the business and legal advice it received. It directly affects the company’s financial records.Accru al accountingIn accrual accounting, the company records expenses as and when they are utilized. In other words, the company doesn’t add any prepaid expense to their balance sheet when the money is transferred to the service provider. For example, if the company paid an entire year’s rent, which cost it $24,000, the company will add $2,000 under the rent expense tab at the end of a particular lease mThis method aims at reducing the back and forth you have to do if you practice the cash accounting method.Cash accountingThe cash accounting method is the traditional method in which you record the payment under prepaid expenses as soon as transfer the money. Its action doesn’t concern if you received the service or products as promised by the seller.Traditional companies choose to follow the cash accounting method because it helps them remember the expenses incurred. However, startups are often going for the accrual account method. The primary reason remains that it requires less w ork. In such circumstances, the company keeps a journal for all the prepaid expenses.BENEFITS OF A PREPAID EXPENSEPracticing the art of prepaid expense offers only two but crucial benefits. Let’s take a look at the benefits:Tax deductionA tax deduction is the biggest advantage of the prepaid expense practice. When you mention it as an asset on your balance sheet, you pay the tax for it in advance. You also receive certain tax benefits when you invest in an insurance policy.SavingsMany corporate firms prefer to pay the pay an entire year’s rent in advance as it lets them avoid future expenses. The company pays the amount at the current rate and is not subject to future increase in the price. You end up saving a lot of money, which is helpful during times of inflation.SHORT-TERM AND LONG-TERM PREPAID EXPENSES ASSETSA company typically divided prepaid expenses under two categories depending on its duration. All prepaid expenses that have a validity of 12 months or less are consider ed as short-term expenses. On the other hand, long-term prepaid expenses are all expenses that were made for longer than 12 months.Companies only mention 12-month expenses of long-term prepaid expense assets in the net working capital calculation. The remaining amount and months are carried over to the next year.DIFFERENCE BETWEEN PREPAID EXPENSE AND DEFERRED EXPENSEThe deferred expense is a prepaid expense that you use over a year after you make the payment. It is usually mentioned as a long-term asset on the yearly balance sheet.On the other hand, a prepaid expense is something that you use up within a year. If a company doesn’t use the categories short-term and long-term prepaid expenses assets on the balance sheet, they replace it with the prepaid expense and deferred expense.Common deferred expense examples include legal fees and rent paid for over a year. Let’s take an in-depth look into the world of deferred expense.Your company wants to set-up a new cookies manufacturing unit and hires a law firm for looking for the legality. Both parties agree to draw a contract of $250,000 for ten years, which includes the legal consultation fees. You will have to pay the entire amount as soon as you enter the agreement and put it under the deferred expense tab.After a year passes, you only deduct $25,000 from the deferred expense tab and put it under the legal expense tab. The remaining amount, which is $225,000, is still considered as the company’s deferred expenses.Some companies prefer to manage their balance sheet on a half-yearly basis. In such circumstances, the insurance premium that you pay for a year is put under deferred expense. Half of the amount is transferred under the insurance expense chart in the half-yearly balance sheet.Other terms for deferred expenses include non-current expenses and long-lived expenses. Companies use these terms simultaneously to define deferred expenses, but they all mean the same thing. This also means that over time de ferred expenses become prepaid expenses as its timeline shrinks.Deferred expenses are different from deferred revenue as the latter term means payment the business receives for its products or services before the customer receives them. For example, you order a dress online for your daughter and pay using your credit or debit card. The fashion brand sends you the dress only after it receives the payment.DIFFERENCE BETWEEN ACCRUED EXPENSES AND PREPAID EXPENSESAccrued expenses and prepaid expenses are exactly the opposite to each other. While a prepaid expense is something that you pay in advance, an accrued expense is something that you pay for after receiving the products or services. Examples of accrued expenses include salaries, postpaid utility bills, and credit card payments.Accrued expenses are usually a part of the business to business transactions. Accrued means on interest or on loan. Also known as a credit transaction, these type of expenses are done when one business uses products or services of another but doesn’t pay the money immediately. The company doesn’t receive an invoice for it. Accrued expenses are put under current liabilities tab in the balance sheet along with the company’s other short-term liabilities.For example, a company XYZ has 15 employees, and their total monthly salaries account for up to $1,500,000. At the beginning of the month, the company will put Monthly Salaries under Current Liabilities in the balance sheet. After the payments are made on the last day of the month or during the first week of the next month, the company shifts the amount from Current Liabilities to Salary Expense. The account is all clear, and XYZ sends a payslip to the employees as a confirmation of the payment.Other examples of accrued expenses include office supplies bills, interest on a loan, and income tax. Immaterial expenses like audits and inspections don’t come under the accrued expenses category because they are difficult to track and need back and forth journal entries. Accrued expenses are often confused with accrued revenue, which stands for the money earned in one accounting period but paid for in the next period. In other words, the seller recognized the sell but doesn’t raise an invoice until the next period. Accrued revenues are very rare in the manufacturing world as payment is made once the quote is finalized.This type of revenue is common in freelancing. For example, a freelance writer is working on a company’s brochure, which has a deadline of 45 days. Before the work begins, the two parties decide that the freelancer will receive $650 for the work. Only after the services are rendered and the 45 days are over, the freelancer can raise the invoice and receive the payment.CONCLUSIONIn this article, you learned everything about the prepaid expense, which includes what is a prepaid expense, different types, ways to add the expense to the balance sheet, and how to adjust it.A prepaid expense is an old prac tice and is known for its two big benefits, which are tax deductions and savings. You also learned the difference between prepaid expense and deferred expense along with the difference between prepaid expense and accrued expense.

The Many Ways to Use Spanish Bajo in a Sentence

Bajo is a common Spanish preposition, adjective, and adverb that means being low in some way, either figuratively or literally or under something. Also,  bajo  is used in common idioms  usually as a preposition. Bajo Used as an Adjective As an adjective, common translations include low or short, and bajo can also be used to indicate contemptibility or lack of intensity. Spanish Sentence English Translation Mi prima es baja para su edad. My cousin is short for her age. No es necesario tratar esta enfermedad de bajo riesgo con quimioterapia. It is not necessary to treat this low-risk illness with chemotherapy. El valle bajo es rico en historia. The low valley is rich in history. Tenemos problemas de baja calidad de la seà ±al inalà ¡mbrica. We have problems with poor quality of the wireless signal. Alberto cayà ³ en los mà ¡s bajos pecados durante los dos aà ±os. Alberto fell into the basest sins during the two years. La clase baja sufre las consecuencias de su reforma polà ­tica. The lower class is suffering the consequences of his political reform. Son capaces de los mà ¡s bajos actos de violencia. They are capable of the vilest acts of violence. La presià ³n sanguà ­nea baja puede ser un signo de enfermedad. Low blood pressure can be a sign of sickness. Bajo as an Adverb Although more commonly used as an adjective, bajo can be used as an adverb that means quietly or softly. For example, Si  habla  bajo, es  necesario  elevar  volumen  del  micrà ³fono, which means, If you speak softly, you need to turn up the microphone volume. Another way bajo can be used as an adverb is when describing something falling or flying low as in low to the ground. For example, El pà ¡jaro  volaba  muy  bajo, which means, The bird was flying very low. Bajo as a Preposition Bajo can serve as a preposition and can almost always be translated as under. Spanish Sentence English Sentence El gato està ¡ bajo la cama. The cat is under the bed. La vida bajo el mar es muy difà ­cil. Life undersea is very difficult. Un barco mercante encallà ³ bajo un puente. The merchant ship ran aground under a bridge. Los compresores principales està ¡n bajo el coche. The main compressors are under the car. Correr bajo la lluvia es mà ¡s gratificante que hacerlo en seco. Running in the rain is more rewarding than doing it when it's dry. Bajo Used in Idioms or Borrowed Phrases Bajo can also be a preposition with an indefinite meaning when it is used as an idiom or expression. Many of these figurative expressions correspond to similar ones in English, some of which are likely calques. A  calque or  loan translation  is a  word  or  phrase  borrowed from another  language  by  literal, word-for-word translation. Spanish Expression English Translation bajo arresto under arrest bajo circunstancias normales under normal circumstances bajo condicià ³n de que under condition that bajo construccià ³n under construction bajo control under control bajo cubierto undercover bajo fianza on bail bajo la influencia under the influence bajo investigacià ³n under investigation bajo juramento under oath bajo la mesa under the table bajo ningà ºn concepto in no conceivable way bajo palabra on parole bajo peso underweight bajo presià ³n under pressure bajo protesta under protest Words Related to Bajo Bajar, is a related verb to bajo, which often means to lower or to get down. Related adverbs are abajo and debajo, which often mean underneath, or down there.

Women s Impact On The World War II - 1503 Words

World War II meant a decline in the economy and refraining from luxuries. The demand for supplies was a key factor in helping America win the war. Therefore, civilians were forced to sacrifice their nonessentials, with clothing and beauty products being the most difficult for women to eliminate from their lives. Therefore, women made efforts to keep fashion alive, even if it required endless creativity and thrifty tactics. Looking back on the war and how it sparked innovation and creativity, is shocking. Very few people would have expected the fashion industry to survive through World War II, let alone sky-rocket and change the way women dressed forever. Although women’s fashion was expected to fall along with the economy of World War II, the under-funded industry overcame the economic crisis against all odds. First, the pressure to conserve materials for the war guided women toward a more thrifty wardrobe. Secondly, women who took over the workforce changed their fashion styl es for the sake of safety and practicality. Lastly, Cosmetics were re-designed to boost morale and allow women to express their femininity to counteract the masculine and man-like duties that women fulfilled during the war. During World War II, there was extreme pressure on civilians to conserve materials. Materials such as leather, satin, wool, and silk were â€Å"directed to war-related purposes†¦ [and] requisitioned for the manufacture of millions of uniforms† in addition to other war weapons and toolsShow MoreRelatedWomen s Impact On The World War II1361 Words   |  6 Pagesafter the Second World War, people created uncountable numbers of historiographical research on various topics related to the war, such as military tactics in battles, individual groups of men during their time in service, and other such subjects. Not much surprise exists then, that women’s actions in World War II eventually would also gain interest and publication for the public, though it did not gain an undivided focus until the advent of women’s and social history grew momentum. Women, despite beingRead MoreA Time For Change . William G. Pollard, A Physicists, Had1509 Words   |  7 Pageschange p rovided by the outbreak of WWII. The 1940’s were a difficult time in our nation’s history. The country was still firmly embedded in the economic grips of the Great Depression. â€Å"Some 13 to 15 million Americans were unemployed† during the late 1930’s (History). Due to the large percentage of unemployment, women were discouraged from working. Working women would take jobs away from men. 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Historical Context: In the 1920s there were many events that happened but one of the main events was the 1920s bathing suit arrest. There were multiple arrest made for the look, but no names were giving. The rule for bathing suits back then was thatRead MoreWorld War II : A Brutal And Long War1088 Words   |  5 PagesWorld War II happened during the time that women wanted more rights and wanted to be able to work. So when World War II happened, it created new job opportunities and women were able and willing to work. The war was fought between two alliances that was against each other, â€Å"the opposing alliances are now referred to as ‘The Axis’ and ‘The Allies’. The Axis group consisted of Germany, Italy, and Japan. The Allies group consisted of France, Britain, the U.S., the Soviet Union, and China. World WarRead MoreImpact Of World War I On Women s Roles1517 Words   |  7 PagesAsmeeta Singh Assess the impact of World War I on the role of women in Australian society. 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There were many ways the European and United States women helped theRead MoreThe World Wars Impact On Society893 Words   |  4 PagesThe World Wars Impact on Society Thesis: The aftermath of World War II was the start of a new era. It created the decline of the previous ruling forces and the rise of the two superpowers; Soviet Union and the United States of America, creating a clash between the two bipolar opposite countries. Following World War II and the Suez crisis in 1956, The British Empires status as a superpower was greatly diminished. For the remainder of the Cold War the United States and the Soviet Union came to beRead MoreThe Role the Media Played in Helping the United States Join World War II1142 Words   |  5 Pagesevaluates the significance of the role the media played in helping the United States join World War Two. To be specific, World War Two occurred between the years of 1939 to 1945. A brief synopsis of the developments of media outlets and their importance prior to the war will be investigated. Leaders of all the Allie Forces will be evaluated in this essay. The essay will focus primarily on the rise of media impact on th e citizens of the United States. The Soviet Union will be mentioned but only minorRead MoreThe American Dream and the Post War Era Essay1187 Words   |  5 PagesAfter World War II, America had to take a step back and take a look at their country. The American Dream had been restored upon the atrocities of the war. In the 1930’s the American Dream was primarily focused on working hard, men providing for their families, and trying to rise from the depression. In the 1940’s, post World War II things changed and consumerism and feminism began to play a key role along with many other factors. There are many ways to describe the American dream and what aspects

TED Tallk Free Essays

In my opinion, all of the videos that I watched was very informative and helpful for a person like me who is still not fully confident when speaking in public, engaging in arguments and when presenting a thesis or a report. Honestly, It’s hard to maintain confidence but hearing those strategies on how to face and communicate with people helps me to challenge myself more because I believe that if it doesn’t challenge me, it won’t change me. In other words, if it doesn’t challenge me, it won’t improve me. We will write a custom essay sample on TED Tallk or any similar topic only for you Order Now The TEDtallk videos are very inspiring, most of them helped me realize that every one of us is a teacher. Whoever we meet/met has something to do in our lives that can teach and put a big impact on us, especially with those people who are more experienced, with those people who started as an ordinary people to embracing their uniqueness as an individual. I know I’m not the only one who thinks that people who gives advices are the people who fall all over again, life knocked them down so many times but they decided to get up and believes that they must scare their own fears. Why? Because we are bigger than our fears. Look at them, standing in stage, speaking in front of thousands of people because they carry so much lessons that life taught them. This is not from TEDtalk videos but he is one of the best examples on how to embrace our own identity and individuality, his name is Norman King an aeta who graduated from University of the Philippines Manila. I carry some of his words of wisdom in my daily life because I find it powerful and it enlightens me every day, that when you connect to his words you will feel and find the soul of dedicated and a hard-working man who have nothing to lose and who keeps fighting for their rights even though some of aetas have disregarded their culture. How to cite TED Tallk, Papers

Strategic Information System Accounting Transactions

Question: Discuss about the Strategic Information Systemfor Accounting Transactions. Answer: Introduction The conception of accounting software extensively falls within the domain of Accounting Information System (AIS) and is considered as computer software that can be used for various accounting transactions in modules (Hall 2012). The modern business accounting software additionally provides assistance in functional modules that are related to managerial decision processes intended for bringing competitive edge. In Australia, the accounting software business has gone through an outstanding change over the last few years because of technological advancements (James and Maher 2013). This research paper aims to assess the existing literature on accounting software present in Australia on the foundation of their historical development, uses, hurdles and adaptability. In addition, the literature review would also attempt to investigate the present market size, market leaders and competitive edge that are a result of the adoption these software or packages. The gaps recognized would be utili zed to recommend improvements in the software or packages for future. Literature Review Accounting software has its origin traced back to when 9PAC was developed by IBM in 1959. It allowed its users to amass and access structured data from relational databases with the help of their computers (Scott 2015). To assist the jobs that were done in batches, companies started investing heavily to help develop proprietary accounting systems that can cater to specific requirements. With time computers progressed in their capabilities and with that became feasible the ideas to expand the generalized accounting software and include in them flexible functionalities in the early 1970s. Alongside that developed SAP RF that had the capability to handle an extensive range of business operations in the domain of swifter financial decision processes even with having limited intermediaries. One of the first accounting systems, Peachtree (now Sage), was introduced with the aim of simplifying data stores and on the route enables users to derive more value (Sage.com 2017). Peachtree introduc ed their first developed integrated office suite in 1981 that included spreadsheet and word processor. After two years in 1983, Inuit introduced their Quicken product that brought in a new form of accounting application that boasted of a friendly user interface (Quicken 2017). Teleware joined the bandwagon by introducing a quite striking accounting software in 1993, which caught the eyes of Best Software. After a few years, the official Australian publisher of Teleware product procured the organization and in 1999 changed the name to MYOB Limited (Myob.com 2017). Today, accounting programming handles the greater part of the loose pieces of following the development and employments of cash for basically everybody on the globe. Propels in equipment and the ascent of versatile innovation mean people no longer should be secured to cumbersome and costly boxes to pick up their advantages. Present day UIs are well disposed and open initially, offering everyone more opportunity for the huma n components of their business (Business News Daily 2016). The adoption of accounting software and packages are becoming swifter day by day in Australia. Swan (2014) discussed that Xero, the famous New Zealand accounting Software Company carried out a survey of 1622 small enterprises and found that the Australian businesses have moved far ahead than other countries in adoption of accounting software. Australian businesses have started adopting accounting software consistently to help reduce toiling paperwork and the omission and commission errors that comes with it. The accounting process progresses from different ledgers to trial balance and adjusting of entries, and then finally to financial reports. For manually carrying out all these tasks a lot of paperwork gets involved, along with many bookkeepers. The whole process gets easier and quicker with the help of the accounting software, which asks just inputs for correcting accounts and reports are automatically generated. Because of being so effective and efficient, this accounting softwar e is being largely adopted by businesses, and the numbers are growing. The Accounting Services industry has become in the course of recent years on the back of consistent financial development and expanding interest for industry-particular admonitory administrations. Assessment and review administrations have remained a tried and true wellspring of income for industry firms in the course of recent years, as interest for these administrations does not rely on upon monetary conditions. Furthermore, income got from high-esteem consultative administrations has expanded as customers have hoped to accounting firms for exhortation on trimming costs and turning out to be more aggressive in the midst of testing business conditions. The business has additionally extended its admonitory administrations by joining innovation, for example, information examination and cloud administrations (Ibisworld.com.au 2017). Competition in the Australian accounting software market is growing, and the largest customer segment is the small and medium sized enterprises. Some big p layers in the Australian accounting software market are Xero, Inuit and MYOB (Heber 2015). These major players have transformed the accounting software and taken it to the advanced levels of cloud computing. In Australia, Xero has the biggest market share in the accounting software market. Xero has been critically reviewing markets and has identified some gaps in the processes of the desktop accounting software users (Xero Accounting Software 2017). Organizations were faced up with challenges because of the departments being non-autonomous. Accounting departments mainly took care of collecting, processing and maintenance of accounting books; however, the desktop accounting software were not competent enough to reconcile all the different department accounting reports because of incompatible formats and duplication. Thus, reconciliation of annual accounts turned into being dull, lengthy, and full off errors and inconsistent. The utilization of desktop accounting frameworks and information redundancy was the wellspring of the challenge. Numerous organizations in Australia are utilizing cloud accounting software and packages to its integrative capacities (Growthpath.com.au 2017). Xero software is based on the model of software as a service (SaaS). It offers a free API for third-party providers and clients for integration of other applications onto a single united ledger in the cloud (Xero Accounting Software 2017). SaaS is the capacity to give clients applications working on a cloud framework and worked through a thin UI, for example, simple web browser. Xero has made the entire business tremendously more productive for everybody. It has increased the aggregate number of clients essentially. Numerous private companies that were beforehand utilizing spreadsheets and shoeboxes to maintain their business are presently utilizing Xero's easy to understand offering. Xero's membership based plan of action is boundlessly better than the old model of offering ceaseless licenses on a circle. Under a cloud model, the product is overhauled and enhanced without the client notwithstanding taking note. The circulation cost is near zero. Regardless of Xero's specialized poin ts of interest, the exchanging costs for clients are still high. Most organizations have numerous types of information put away in their current frameworks, making them hesitant to move crosswise over to something new. By offering free movement, Xero has been spending a great deal of cash attempting to conquer this obstacle yet numerous private ventures will even now stay with what they know (Johnson 2017). Cloud computing has changed the scene of IT by putting up improved cost viability, quicker time for sale to the public, advancement, and scale to request. Nevertheless, the absence of security is a crucial issue for the clients on cloud computing software. Indeed, even with the current safety efforts, for example, firewalls, clients are still not feeling secure of non-approved access by remote entities. The explanation behind this issue is that cloud computing needs security principles and cloud suppliers utilize their own restrictive security benchmarks and advancements. There is a danger of digital crimes to data resources connected with cloud computing (Business News Daily 2017). In understanding these difficulties of cloud accounting packages, an Identify Management (IDM) apportions to convey verification of services and clients in light of attributes and qualifications. Data driven security is an approach reached out to control information and security in the cloud. The informat ion should act self-shielding and descriptive, in any computing environment. Through Trusted Computing system, data driven security is conceivable. As indicated by Kumar and Vajpayee (2016), predicate encryption is necessary for computing frameworks to permit programming to run and compute on a situation described by cipher texts. With these safety efforts, future cloud computing software would be the most flexible framework for competitive advantage, productivity, data security, and cost adequacy. Conclusion On a concluding note, accounting software has seen an exceptional history of advancements since the innovation of computer language; from basic programs to complex computing frameworks. Australia has three greatest accounting software suppliers that contend in a market described by steadily developing little and medium sized organizations. Xero, Intuit and MYOB have overwhelmed Australian accounting software market by coordinating accounting software into cloud, as a method for unraveling challenges connected with desktop accounting packages. In any case, there are security risk challenges identified with cloud computing. The procedures to manage security hazards confronting cloud computing incorporate validation measures, data driven security, and predicate cryptography. References Business News Daily. (2017).8 Reasons to Fear Cloud Computing. [online] Available at: https://www.businessnewsdaily.com/5215-dangers-cloud-computing.html [Accessed 16 Jan. 2017]. Business News Daily. (2017).Best Accounting Software for Small Business 2017. [online] Available at: https://www.businessnewsdaily.com/7543-best-accounting-software.html [Accessed 16 Jan. 2017]. Growthpath.com.au. (2017).Review of Cloud Accounting (Xero, Saasu, MYOB Essentials, QuickBooks) | Business IT. [online] Available at: https://www.growthpath.com.au/Business-IT/review-of-myob-liveaccounts-and-xero-accounting-in-the-cloud.html [Accessed 16 Jan. 2017]. Hall, J.A., 2012.Accounting information systems. Cengage Learning. Heber, A. (2017).The cloud accounting supremacy war in Australia. [online] Business Insider Australia. Available at: https://www.businessinsider.com.au/charts-the-battle-for-supremacy-in-australias-cloud-accounting-market-2015-4 [Accessed 16 Jan. 2017]. Ibisworld.com.au. (2017).Accounting Services in Australia Market Research | IBISWorld. [online] Available at: https://www.ibisworld.com.au/industry/accounting-services.html [Accessed 16 Jan. 2017]. James, D. and Maher, W. (2013).7 accounting packages for Australian small businesses compared: including MYOB, QuickBooks Online, Reckon, Xero. [online] BIT. Available at: https://www.bit.com.au/Review/344651,7-accounting-packages-for-australian-small-businesses-compared-including-myob-quickbooks-online-reckon-xero.aspx [Accessed 16 Jan. 2017]. Johnson, S. (2017).The case for investing in accounting software. [online] Financial Review. Available at: https://www.afr.com/personal-finance/the-case-for-investing-in-accounting-software-20160516-govw2q [Accessed 16 Jan. 2017]. Kumar, S.N. and Vajpayee, A., 2016. A Survey on Secure Cloud: Security and Privacy in Cloud Computing.American Journal of Systems and Software,4(1), pp.14-26. Myob.com. (2017).Accounting Software Business Solutions | MYOB. [online] Available at: https://www.myob.com/au [Accessed 16 Jan. 2017]. Quicken. (2017).Intuit launches Quicken 2016. [online] Available at: https://www.quicken.com/about-us/press/intuit-launches-quicken-2016 [Accessed 16 Jan. 2017]. Sage.com. (2017).Accounting Business Management Software Australia | Sage AU. [online] Available at: https://www.sage.com/au [Accessed 16 Jan. 2017]. Scott, B. (2017).The Accounting Journal: 60 years of Accounting Software - The Pulse Australia. [online] The Pulse Australia. Available at: https://www.myob.com/au/blog/60-years-of-accounting-software-introduction/ [Accessed 16 Jan. 2017]. Swan, D. (2017).Australian SMBs ahead of the cloud accounting curve. [online] Theaustralian.com.au. Available at: https://www.theaustralian.com.au/business/business-spectator/australian-smbs-ahead-of-the-cloud-accounting-curve/news-story/2369a42be5910eca02d6215b4d405734 [Accessed 16 Jan. 2017]. Xero Accounting Software. (2017).Online Accounting Software Free Trial, Free Support | Xero. [online] Available at: https://www.xero.com/ [Accessed 16 Jan. 2017].

Maximazing Profit Essay Example

Maximazing Profit Paper Assignment: Maximizing Profits in Market Structures Paper XECO/212 University of Phoenix The structure of a market is defined by the number of firms in the market, the existence or otherwise of barriers to entry of new firms, and the interdependence among firms in determining pricing and output to maximize profits. This paper covers the following: the advantages and limitation of supply and demand, the characteristics of each market structure, the barriers to entry and how organizations in each market structure maximize profits. Markets are the heart and soul of a capitalist economy, and varying degrees of competition lead to different market structures, with differing implications for the outcomes of the market place. The goal of a firm is to maximize profits, to get as much for the firm as possible. In the perfect competition, each firm maximizes profits where marginal revenue (MR) equals marginal cost (MC). That is, the additional revenue from producing additional quantity equals the additional cost incurred in producing that quantity. At an output where MR is greater than MC, increasing production increases profits. If MR is less than MC, decreasing production increases profits. Therefore, MR=MC is the profit-maximization condition. In perfect completion, the price is a given for each firm, P=MR. This is because the fixed price per unit is the additional revenue the firm can expect to earn by selling additional quantity. The firm’s profit- maximization condition becomes P=MR=MC. In the long run, however, all costs are variable. We will write a custom essay sample on Maximazing Profit specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Maximazing Profit specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Maximazing Profit specifically for you FOR ONLY $16.38 $13.9/page Hire Writer All firms in a perfectly competitive market make zero economic profit in the long run, because if profit was being made, more firms would enter the market and market prices would decline until all firms made zero profit. These elements are perfect competition, monopolistic competition, oligopoly,  and monopoly. Based on the differing outcomes of different market structures, economists consider some market structures more desirable, from the point of view of the society, than others. Each of these market structures describe a particular organization of a market in which ertain key characteristics differ. The characteristics are: (a) number of firms in the market, (b) control over the price of the relevant product, (c) type of the product sold in the market, (d) barriers to new firms entering the market, and (e) existence of non-price competition in the market. The number of firms in the market supplying the particular product under consideration forms an important basis for classify ing market structures. The number of firms in an industry, according to economists, determines the extent of competition in the industry. Both in perfect competition and monopolistic competition, there are large numbers of firms or suppliers. Each of these firms supplies only a small portion of the total output for the industry. In oligopoly, there are only a few (presumably more than two) suppliers of the product. When there are only two sellers of the product, the market structure is often called duopoly. Monopoly is the extreme case where there is only one seller of the product in the market. The extent to which an individual firm exercises control over the price of the product it sells is another important characteristic of a market structure. Under perfect competition, an individual firm has no control over the price of the product it sells. A firm under monopolistic competition or oligopoly has some control over the price of the product it sells. Finally, a monopoly firm is deemed to have considerable control over the price of its product. The type of products sold in the market is also a key characteristic. The extent to which products of different firms in the industry can be differentiated is also a characteristic that is used in classifying market structures. Under perfect competition, all firms in the industry sell identical products. In other words, no firm can differentiate its product from those of other firms in the industry. There is some product differentiation under monopolistic competition—the firms in the industry are assumed to produce somewhat different products. Under an oligopolistic market structure, firms may produce differentiated or identical products. Finally, in the case of a monopoly, product differentiation is not truly an issue, as there is only one firm—there are no other firms from whom it should differentiate its product. The barriers to entry need to be accounted for while classifying the characteristics of a market structure. The difficulty or ease with which new firms can enter the market for a product is also a characteristic of market structures. New firms can enter market structures classified as perfect competition or monopolistic competition relatively easily. In these cases, barriers to entry are considered low, as only a small investment may be required to enter the market. In oligopoly, barriers to entry is considered very high—huge amounts of investment, determined by the very nature of the product and the production process, are needed to enter these markets. Once again, monopoly constitutes the extreme case where the entry of new firms is blocked, usually by law. If for whatever reasons, new firms are allowed to enter a monopolistic market structure, it can no longer be termed a monopoly. Market structures also differ to the extent that firms in industry compete with each other on the basis of non-price factors, such as, differences in product characteristics and advertising. There is no non-price competition under perfect competition. Firms under monopolistic competition make considerable use of instruments of non-price competition. Oligopolistic firms also make heavy use of non-price competition. Finally, while a monopolist also utilizes instruments of non-price competition, such as advertising, these are not designed to compete with other firms, as there are no other firms in the monopolists industry. Perfect competition is an idealized version of market structure that provides a foundation for understanding how markets work in a capitalist economy. The other market structures can also be understood better when perfect competition is used as a standard of reference. Even so, perfect competition is not ordinarily well understood by the general public. For example, when business people speak of intense competition in the market for a product, they are, in all likelihood, referring to rival suppliers, about whom they have quite a bit of information. However, when economists refer to perfect competition, they are particularly referring to the impersonal nature of this market structure. The impersonality of the market organization is due to the existence of a large number of suppliers of the product—there are so many suppliers in the industry that no firm views another supplier as a competitor. Thus, the competition under perfect competition is impersonal. Perfect competition is considered desirable for society for at least two reasons. First, the price charged to individuals equals the marginal cost of production to each firm. In other words, one can say sellers charge buyers a reasonable or fair price. Second, in general, output produced under a perfectly competitive market structure is larger than other market organizations. Thus, perfect competition becomes desirable also for the amount of the product supplied to consumers as a whole. Monopoly can be considered the opposite of perfect competition. In the monopoly, there are no price takers a monopolist sets the price for the product or service to maximize profits. The profit-maximizing price and output is at the point where MC=MR. The output is less than what it is in the perfect competition. In the long run, it is possible for a monopolist to earn some economic profits, if to entry of new firms exist. The concept of monopoly arises when one firm is the sole producer and marketer of a product or service. Monopolies come in being when a single firm is the sole producer of a product that has no close substitutes. Monopolies are characterized by a single seller, no close substitutes, price maker, blocked entry and non price competition. In the oligopoly, there are few firms, pricing and output decisions are strategic; that is each firm considers the reaction of the other firms while taking any decision. An important characteristic of an oligopolistic market structure is the interdependence of firms in the industry. The interdependence, actual or perceived, arises from the small number of firms in the industry. If an oligopolistic firm changes its price or output, it has perceptible effects on the sales and profits of its competitors in the industry. Thus, an oligopolist firm always considers the reactions of its rivals in formulating its pricing or output decisions. The prices set by all firms are nearly identical, because any effort to change the price by one firm will induce other firms to follow suit. For this reason, prices, once fixed, tend to change very little in oligopoly. Firms in oligopoly can expect to make some profit in the long run. An oligopolistic industry is also typically characterized by economies of scale. Economies of scale in production imply that as the level of production rises, the cost per unit of product falls for the use of any plant. Thus, economies of scale lead to an obvious advantage for a large producer. In the monopolistic competition, there are many buyers and sellers, and there are few barriers to the entry of new firms. Each firm, however, sells differentiated products, and invests considerably in differentiating it products from the competition. The profits of each are maximized at the point where MR=MC. In the long run, however, the free entry and exit of firms means that all firms earn zero economic profit. As in the case of perfect competition, a firm under monopolistic competition decides about the quantity of the product produced on the basis of the profit maximization principle—it produces the quantity that maximizes the firms profit. Also, conditions of profit maximization remain the same—the firm stops production where marginal revenue equals marginal cost of production. But unlike perfect competition, a firm under monopolistic competition has some control over the price it charges, as the firm differentiates its products from those of others. However, this price making power of a monopolistically competitive firm is rather small, since there are a large number of other firms in the industry with somewhat similar products. REFERENCE Colander, D. C. , (2004). Economics, 5th edition. Irwin/McGraw-Hill, Burr Ridge, Il. Chapter 13. Retrieved November 23, 2009. Forgang, William G. , Einolf, Karl W. (2006). Management Economics: An Accelerated Approach. M. E. Sharpe Competition (2007). Encyclopedia of Business, 2nd Edition. Retrieved on November 23, 2009 from Encyclopedia of Business, Clo-con website: http://www. referenceforbusiness. com/encyclopedia/Clo-Con/Competition. html

Whelk Facts and Information

Whelk Facts and Information Whelks are snails with beautiful shells. If you see something on the beach that looks like a seashell, its probably the shell of a whelk. There are over 50 species of whelks. Here you can learn about characteristics common to these species. What Does a Whelk Look Like? Whelks have a spiraled shell which varies in size and shape. These animals can vary in size from under an inch in length (shell length) to more than 2 feet. The largest whelk is the trumpet whelk, which grows to over 2 feet. Whelk shells vary in color. Whelks have a muscular foot that they use to move and hold prey. They also have a hard operculum that closes the shells opening and is used for protection. To breathe, whelks have a siphon, a long tube-like organ which is used to bring in oxygenated water. This siphon allows the whelk to burrow in the sand while still getting oxygen. Whelks feed using an organ called the proboscis. The proboscis is made up of the radula, esophagus, and mouth. Classification Kingdom: AnimaliaPhylum: MolluscaClass: GastropodaOrder: NeogastropodaSuperfamily: BuccinodeaFamily: Buccinidae (true whelks) There are additional species of animals that are called whelks but are in other families. Feeding Whelks are carnivores, and eat crustaceans, mollusks, and worms- they will even eat other whelks. They can drill a hole into the shell of their prey with their radula, or may wrap their foot around the hinged shells of their prey and use their own shell as a wedge to force the shells open, then insert their proboscis into the shell and consume the animal inside. Reproduction Whelks reproduce by sexual reproduction with internal fertilization. Some, like the channeled and knobbed whelks, produce a string of egg capsules that maybe 2-3 feet long, and each capsule has 20-100 eggs inside which hatch into miniature whelks. Waved whelks produce a mass of egg capsules which look like a pile of egg cases. The egg capsule allows the young whelk embryos to develop and provides protection. Once they have developed, the eggs hatch inside the capsule, and the juvenile whelks leave via an opening. Habitat and Distribution The question of where to find a whelk depends upon what species youre looking for. In general, whelks may be found in many parts of the world, and are usually found on sandy or muddy bottoms, from shallow tide pools out to waters several hundred feet deep. Human Uses Whelks are a popular food. People eat the mollusks muscular foot- an example is the Italian dish scungilli, which is made from a whelks foot. These animals are also collected for the seashell trade. They may be caught as bycatch (e.g., in lobster traps), and they may be used as bait to catch other marine life, such as cod. Whelk egg cases may be used as a fishermens soap. The veined rapa whelk is a non-indigenous species that have been introduced into the U.S. The native habitat of these whelks includes waters in the western Pacific Ocean including the Sea of Japan, Yellow Sea, East China Sea, and the Bohai Sea. These whelks were introduced into the Chesapeake Bay and may cause damage to native species. Sources Conley, C. Whelks. Edible Vineyard. Issue 6, Early Summer 2010.Whelks. Maine Department of Marine Resources.Save the Bay. Whelks.Shimek, R. L. Whelks. Reefkeeping, Vol. 4, No. 10. Nov. 2005.Smithsonian Marine Station at Fort Pierce. Knobbed Whelk.Wilcox, S. The Unknown Life History Characteristics of the Channeled Whelk.

Negotations for a home Research Paper Example | Topics and Well Written Essays - 2500 words

Negotations for a home - Research Paper Example Different criticisms have emerged on different participants in the allowing of such risky trading, but a nearly unanimous indictment of the authorities and commercial interests raises concerns on the safety of the industry into the future. These historic factors alongside other economic considerations that the majority of Americans continue to experience in the housing sector expose home ownership negotiations to a unique and challenging setting. According to economic times in the US and around the world today, households increasingly find it difficult to support capital expenditure that was the case slightly before the mortgage-precipitated volatility. Levels of employment continue to hit record month-to-month lows since the origin of economic crisis. Disposable income among the young generations in need of housing seems to fluctuate with the developments in the market and economic performance figures. Austerity measures embarked by the government illustrate the levels of economic volatility, which raises fears of the future of the economy and the implications that huge expenditures would have on economic stability at the household level. The low rate of economic recovery makes it unpredictable for jobholders to estimate how long they can remain in a job. Fears of mass layoffs within the austerity provisions therefore make it difficult for house buyers to make the correct timing when they are most stable in such expenditure . World economy performance as analyzed by observers still remain unpredictable, with reliable data sighting further recovery difficulty in the months ahead (Hirshleifer and Siew, 2009). With the developments of the economic struggles in Europe, world economy remains an issue of consideration by important expenditure decisions. When such domestic and international economic profiles indicate troublesome business environment, it implies that the real estate and the housing

Personal Application Paper Essay Example | Topics and Well Written Essays - 500 words

Personal Application Paper - Essay Example I felt that the ineffective communication in the company was one of the causes of the strike. During the strike employees formed groups where they were being updated by their representative on the decision made by the top management team regarding their grievances. In addition, officials from the workers union attended the meeting where they promised the employees on their roles to ensure that their grievances are addressed. Lack of availability of the top managers in the meeting indicated lack of commitment to amicably solve the problems facing the employees. In the day to day running of a company, it is prudent for managers to effectively manage their human force in order to avoid labor turn over and regular strikes. One of the major theories that employers should use in order to motivate their employees is theory X-Y. This theory that was developed by Douglas McGregor constitutes rules that managers must adopt to manage the workers (Ulrich 23). The adoption of theory X that depicts use authority in management, was one of the major causes of the employee’s strike in our company. This resulted to employees avoiding responsibility. In order to avoid future strikes it is essential to emulate theory Y. The adoption of theory Y will make the employees to be focused at attaining the objectives of the company and their own goals. This results to employee’s motivation and increased productivity. As a department manager, I have a duty to motivate other employees in order to improve their productivity. Due to the losses and the reduced sales that our company made during the strike, I will emulate three strategies to avoid strikes in future. First, I will engage other workers in making of decision that is related to their rate of commissions. Secondly, I will hold regular meetings with workers where they will be allowed to air all their grievances and ideas. Thirdly, I will ensure equal treatment of employees regardless of their cultural background or race. Proper

Decision Making in End of Life of Newborn Care

Decision Making in End of Life of Newborn Care Shared decision making at the end of life of newborn care Introduction: Neonatal intensive care for extremely low birth weight infant is expensive and most of the time there is disagreement between the Neonatologist and the family to make the best decision in the best interest of the patient. There is a reported incidence of pre-term delivery of low-birth-weight (PLBW) babies of 37% of all live births in Pakistan To resuscitate the extremely low birth weight (ELBW) baby or withhold treatment is an ethical issue is frequently faced by health professionals. Situation: A baby boy with 22 weeks gestational age, weighing 0.7 kg was shifted from labor room to Neonatal Intensive Care Unit (NICU). The baby was the fourth preterm newborn of her mother and was breathing spontaneously. The Neonatologist decided not to resuscitate the baby as there is minimum chance of survival. The parents were not involved in the process while the decision is made. Within one hour, the infant started gasping and his condition deteriorated, he could not maintain his struggle to breathe spontaneously and eventually expired. Analysis In the scenario the doctor decided not to resuscitate the infant because of gestational age that is 22 weeks and weight 7kg. In- fact the doctor decided based on risk and benefits of the treatment and probability of morbidity and mortality of the child. Singh (2003) claims that when the death of an infant is unavoidable or probability to live with neuromotor disabilities is more, the decision to withhold treatment is justified. Akhtar (2010) stated that use of advance technology results in prolonging death of patients rather than giving them comfort. The doctor also used paternalism approach to protect the infant from possible suffering that is prolonging death process. Moreover, the doctor also perceived since the parents are emotionally involved with the infant therefore, they cannot take appropriate decision. In addition, the intention of the doctor was the appropriate utilization of scarce resources that are medicine, technology and employee. In public sector hospital all these r esources are limited. Ahmed and Shaikh (2008) stated that health budget has always been low and remains around 0.6% of the total GDP of the country. However, to ignore the legitimate autonomy of the parents was ignored, and they were not granted discretion in decision making. As the baby was precious and if the parents can afford the treatment, their wish should be respected. Ethical principle beneficence is in conflict Beneficence. Health care professionals have an obligation to promote health and avoid harm. This principle involves these elements: (1) one ought not to harm; (2) one ought to prevent harm; (3) one ought to remove harm; (4) one ought to promote good. The most important and easiest to practice is doing not harm. Harm to be prevented is discomfort, suffering, disease and its interventions. The good to be promoted is health. The principle of beneficence implies an obligation to assess benefits against harm. If any treatment cause more harm to infant compare to benefit than comfort of the infant should be priority based on this principle. Decision makers are also obligated to assess benefits of the treatment to infant and cost of the treatment and consequences In this paper my stance is Neonatologist can make better decision for ELBW infants as they are more knowledgeable and experienced. Argument Resuscitating ELBW infants is less beneficial compared with harm In general the treatment outcomes of ELBW infants are very poor therefore, the expenditure of valuable resources must be utilized wisely. Stolz (1998) study findings revealed that median age of ELBW at death was 2 days and 60% of the infants died at the age of 4 days. Moreover, mean charges to produce one survivor were estimated for infant weighing Beauchamp and Childress (2001) suggested that the decision should be make based on principle of utility that produce maximum positive value for maximum people. The action chosen by the doctor was that maximum infants can be benefitted within the available resources. Therefore, the cost of care can be better spend on larger pool of infants who have better chances of survival. It can be saved by setting standards and denying care to ELBW infants whose survival is uncertain. Guideline for the responsible utilization of intensive care as cited in Lorenz (2005) proposed that providing intensive care treatment to infants whose gestational age is below 23 weeks would not be beneficial. Hack et al. (2000) study revealed the result that Very-low-birth-weight participants had a lower mean IQ and higher rates of neurosensory impairments. Thus, the quality of life of ELBW infants who survived after treatment is not good. Counterargument Parents are legitimate decision maker and they should be involved in making decision It is careless and irrational to ignore or exclude the parents, they should be taken in confidence while making medical decision making. It is also important to consider special protection of the infant who don’t has the capacity to express his wishes. Therefore, the parent’s interest should be honored but importantly assisted. Autonomy of the parents are not respected beside the fact that they have the capacity to decide and make own plan of action. According to Burkhardt and Nathaniel (2008) autonomy denotes liberty to make personal decision. It is also claimed that health professionals violate the autonomy when they believe the right and rational course of action is the one that is match with their standards otherwise they are labeled as incompetence. Theory of justice implies fairness in treatment. In most of the health care ethics, the most focus principle is distributive justice that is distribution of goods and services. Nathaniel n Burkhardt (2008) Parents argued that their ELBW infants should be treated as other human being. Their small baby also has the equal rights to attain health services as other normal infants have. It is the responsibility of health professionals to make fair decision for infants who have never attained decision making capacity. Moreover, the wish of the parents to treat may be considered based on libertarian theory. Burkhardt and Nathaniel (2008) maintains that it is the right of the parents to ask for treatment for the infant based on the material principal capacity to pay for treatment to improve health. Recommendations Care of ELBW is quite expensive and their survival is uncertain therefore, policies regarding care of the preterm related to gestational age and weight should be formulated and implemented on priority. Moreover, to improve antenatal service is a better and cost effective option to solve the problem. In addition, pregnant women who are at risk of preterm delivery should be counseled and taken in confidence for the possible consequences of the treatment. Boyle (2014) Suggested that during counseling parents should be provided information regarding risk of death and disabilities as consequences of the treatment, so that the can make better decision in the best interest of the infant and family. Health care professionals are decision makers can help the family to make adequate decision making References Ahmed, J., Shaikh, B. T. (2008). An all time low budget for healthcare in Pakistan.Journal of the College of Physicians and Surgeons Pakistan,18(6), 388. Akhtar, J. (2010). Living wills in health care: A way of empowering individuals.JPMA. The Journal of the Pakistan Medical Association,60(3), 240-242. Beauchamp, T. L., Childress, J. F. (2001). Principles of biomedical ethics. (5th ed.). New York: Oxford University Press. Burkhardt, M. Nathaniel, A. (2008). Ethics and Issues in Contemporary Nursing (3rd ed.) Australia: Delmar. Hack, M., Flannery, D. J., Schluchter, M., Cartar, L., Borawski, E., Klein, N. (2002). Outcomes in young adulthood for very-low-birth-weight infants.New England Journal of Medicine,346(3), 149-157. Joy Catlin, A. (2000). Physicians neonatal resuscitation of extremely low-birth-weight preterm infants.Neonatal Network: The Journal of Neonatal Nursing,19(3), 25-32. Singh, M. (2003). Ethical and social issues in the care of the newborn.The Indian Journal of Pediatrics,70(5), 417-420. Stolz, J. W., McCormick, M. C. (1998). Restricting access to neonatal intensive care: effect on mortality and economic savings.Pediatrics,101(3), 344-348.

H.G. Wells The Time Traveler Essay -- Wells Time Traveler Essays

H.G. Wells' The Time Traveler H.G. Wells lived at the turn of the century. During this time, there was a huge gulf between the rich and poor. â€Å"The Time Traveller’s† socialist tone highlights the injustices of the British class system. Well’s protagonist, imagines the future to consist of a perfect society, where everyone is equal and technology is extremely advanced. This view is based on mankind’s continual advances during his lifetime, so he assumes we will continue to advance in the future. â€Å"The Time Traveller† reflects H.G Well’s opinions about mankind, and acts as a warning for what could happen in the future if society does not embrace equality and humanity. When the Time Traveller arrives in the future, he notices the â€Å"little people† which are later known as the â€Å"Eloi.† They are all extremely alike in appearance. They all wear tunics of the same material, have â€Å"the same hairless visage† and the same curly shoulder length hair. The men have the same physic as the women as there is no need to carry out any physical work. He immediately thinks that this is communist society especially as they all live, eat and sleep together in one large building. They are all equal in every aspect of their lives. He believes that the Eloi are living off the work of others and are therefore, part of an â€Å"automatic organisation.† The Eloi profiting from the success of previous generations when humans learnt to control and harness nature. However, as now there is no-one left to control it, nature is slowly taking back the world and turning it wild again. Wells obviously believes communism is the best solution for the whole world. Therefore, when the Time Traveller arrives in the future he sees what he wants to see.... ... â€Å"Can you return imagine a crab as large as yonder table!† There is still life but absolutely no intelligence, this is the descent back to the sea: there appears to be no life away from the water on the land. The further forward in time he travels, the more obvious life forms decrease, until there is absolutely nothing he can see, this is the final stage of mans descent back to the sea. The Time Traveller has many theories throughout his journey, he wants to believe that the future will be socialist and more technologically advanced but he finds the human race to be in a severe decline. He also realises that the class distinction present in his society has exacerbated and humans have evolved into two separate sub-species. â€Å"The Time Traveller† is Well’s warning for the future; if society is to continue in its present vein it will eventually self-destruct.

High Protein Diet and Gastric Bypass Surgery Essay

There are two very common approaches to weight loss management. Gastric bypass surgery is a trend many are opting for. A high protein diet has similar results; however, it takes more willpower to achieve desired results. This essay will provide the pros and cons to each choice. Diets higher in protein and moderate in carbohydrates along with diet and exercise are thought by experts to reduce blood fats. * Can cause health problems, such as pre diabetes and diabetes. * Decrease blood glucose for pre diabetics and diabetics. Researchers concluded that a 15 percent increase in protein ( a caloric ratio of 30% protein, 20% fat, and 50% carbohydrate); with a constant carbohydrate intake can result in significant weight loss. * Participates in the study ate 441 fewer calories. * Reported greater satisfaction, less hunger, and lost weight. The high protein diet also helps lean tissue while burning fat for fuel. * Reported feeling less hungry and increased energy. * You will be changing your focus toward protein and limiting your carbohydrates. Gastric bypass surgery makes changes to your digestive system to help you lose weight. * You will have to follow a strict diet for about 12 weeks beginning with liquids, then progressing to solid foods. * Frequent medical checkups to monitor your weight loss e.g. ( blood tests and various exams). Gastric bypass surgery is very expensive. * Can cost anywhere from $15,000.00 to $25,000.00 * There are many options available to people who do not have insurance to pay for this surgery. This method of weight loss can improve or resolve conditions with the guidance from your medical treatment team. * Increase probability of all needs for medications in a diagnosed type 2 diabetes patient. * Loss of high blood pressure and high cholesterol 70-80% in patients. In conclusion, both high protein diet and gastric bypass require lifelong changes. A strong support system will increase your ability to maintain your desired results.

Dogs Encourage Better Health Essay - 1334 Words

The young royals, Prince William and Duchess of Cambridge Kate Middleton, created headlines last week by revealing the name of their new puppy. Not mentioned in the multitude of stories is how the dog’s presence can affect the health of the future King and Queen. The latest addition to the Royal family, Lupo a four-month-old black cocker spaniel, is an ideal choice of pet for more than his inability to inherit the throne. Medical studies around the world have concluded dogs encourage better health, and adopting a dog statistically boosts the life expectancy of the monarchial pair. Not only is a dog man’s best friend, but Rover’s presence could be better than an apple a day for you. Dog owners worldwide enjoy longer lifespans on average,†¦show more content†¦The ownership of a dog can also lead to increases in physical activity and facilitate the development of social contacts, which may enhance both physiological and psychological human health in a more indirect manner. Studies in Germany, Australia, and China point to dog ownership as sound public policy. An examination of Chinese women (men were excluded) reported increased exercise, fewer doctor visits, and diminished use of sick days at work when a dog is present in the home. Australian and German dog owners were found to use free governmental health services less than the general populace. Pet owners in those countries made approximately 12 to 15% fewer annual doctor visits than their petless peers. German pet owners spent 32% fewer nights in a hospital. The benefits appeared particularly strong for elderly people, the population group with the worst constitutions and heaviest use of health services. The economic benefit was substantial, approximating savings in health expenditure of $5.59 billion for Germany and $3.86 billion for Australia annually. As with everything in life, age can be a relevant or limiting factor to owning a dog. 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