Drunkard Hard Drinking Life By Neil Steinberg - 1539 Words

The book I read for this assignment was Drunkard: Hard Drinking Life, by Neil Steinberg. This book really surprised me in the way it lays out Steinberg’s journey facing his alcohol addiction. It takes a lot of courage for someone to admit that he or she has a substance abuse problem yet alone publish a book about it. Steinberg gives us in depth looks into his personal life, career, and thought process. It is also captivating to see a successful writer with a family and great career battle alcohol use. Steinberg from an outside perspective is your typical middle to upper class columnist working for a reputable newspaper. He lives in a nice house with his wife and two boys. It is the American dream to be able to live in a nice house, have a family, and work your dream job. He commutes to work on a train into the city which is filled with bars, fancy restaurants, and liquor stores. At first he has a few drinks after work, which seems normal. He is just waiting for the train to ar rive and then has a few more on the train. That doesn’t really raise any red flags at first. It just seems like a normal career orientated guy having a few drinks after work. Then as the drinking starts it doesn’t stop with just a few drinks. It continues with him drinking out of hidden bottles in his office at home. The drinking didn’t affect his work but it was starting to affect his relationship with his wife. The relationship between Steinberg and his wife at first seemed healthy, just a like a

Graduation Speech On The Field Of Education Without Being...

In any society, a family is the corner stone of that society and the more efficient involvement it has in the society’s life the better and more hopeful results they will have. Although, most families in real-life work hard to provide and afford the best for their children and subordinates, sometimes life shocks them back with unexpected unhappy circumstances, and these circumstances will probably last forever if not treated well. Furthermore, families may fail to be happy in a certain circumstance. This situation occurs when this family has a member on its board with special needs. However, the problem is not having a person with special needs, but actually not to be able to deal with that special need kid properly. Researches have reached to the conclusion that teachers enter in the field of education without being prepared for working in partnership with parents (Epstein, 2001; Hiatt Michael, 2001). Therefore, future teachers enroll in education with inappropriate backgrou nd how to properly initiate a proper relationship with parents, thus build bridges for after school communication. Special education is a new field in the kingdom of Saudi Arabia, and people in general lack to the knowledge how to express their feelings toward special-needs kids; how to deal with them; and how much involvement is required between the families of the children with special needs and specialists and schools. As a result, Saudi families with special needs kids are facing tremendousShow MoreRelatedThe True Essence Of Being Great Essay6020 Words   |  25 Pagescom I. INTRODUCTION The true essence of being great is to be the servant of all, as what Jesus shared with his disciples in the story of the parable of the labourers in the vineyard and I quote: Even as the Son of man came not to be ministered unto, but to minister, and give His life a ransom for many. (Matthew 20:28). 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Attractions of the Village to the Tourists-Myassignmenthelp.Com

Question: What Are the Differences between Village City Visit? Answer: Introducation: The aim of the report was to answer three questions; One is why people want to visit a village? The second question was what are the attractions of the village to the tourists? Lastly, how much of each of the item is spent a day? A cross-sectional survey research lasting for 15 minutes was carried out on people who travel to village. Both qualitative and quantitative data was obtained. Questionnaires in form of electronic and copies were used to collect data and online questionnaires were filled by a sample of people who had been selected through probability sampling. It was found out from the research that people liked to visit villages because of the good village atmosphere ("Acknowledgement to Reviewers of Atmosphere in 2016", 2017). Another reason was found to be to escape the city. People go to village to escape from the city. The third reason to explain this is that the special village scenery and environment i.e. local history and heritage building attracted tourists to the vi llage. Answers to the second research question were also found. Three things were found t be the centre of attraction to people to the village, first is the good shopping experience in the village (Zarb, 2012). That is, the sales staff have good attitude that attracts tourists. On rating these factors of attraction, the first one that mostly attracted people to the village was the attitude of the sales staff followed by the neatness and cleanliness shops found in the village. There were also some specific items that a village needed to have in order to be attracting people to the village; the first requirement was availability of easy park and the second item is preserved heritage buildings. There were also findings on the amount item spent per day. The mostly spent ones were food shops and the most expensive items were found out to be food and drinks. People spent about 1227.3 dollars a day on these items. Limitations on the research were note. The first one is that people answered the questions on the questionnaire not on basis of their true natural feelings but on basis of what they believed to be more socially favorable. Their answers were based on societal judgment rather than individual feelings and thinking. The findings could not be equal and fairly true because may be the questions were answered by people from different races and culture that made the answers and feedback vary from an individual to another depending on the race and culture of the respondent (Glerce, 2015) Another alteration of the research could be caused by external factors that could not be controlled neither by the researcher nor the respondent. Time was also found to be a limitation in that if at the time the research is carried out the respondent has personal duties pending, he or she would fill the questionnaire carelessly and faster to create time for personal duties hence uncertainty arises concerning the answers given. The final limiting factor found was ethics. Ethics in res earch dictate that some questions should not be asked as they may mentally harm the respondent and therefore creates a gap on some information (Borrett, Sampson, Cavoukian, 2016). In conclusion, it was found that there are many positive factors whether basic needs, recreational facilities and cultural heritage that is in the village and is not be found in the urban areas. The uniqueness of the village from its scenery, food to people are the main factors that attract visitors to the village, Recommendations are made on how the limitations of the research can be addressed. The implications point out the resources fund in the villages that are not found in urban areas. ("Hygiene in food shops.", 1970) Conclusions The research carried out with an aim of finding out why people liked going o the village and the factors that attracted them tried to bring the distinction between life in town and the village. The findings portrays life in town and the village as two separate worlds and the village coming out as that section of the world that is still calm, organized and there is much embrace of culture and heritage. The first implication from the study shows that most people who visit the village try to find the calm atmosphere and simplicity found in the village unlike in the town where life is ever busy and complicated by many factors. The atmosphere in the village is calm and relaxed hence preferred by the people from urban areas. The second implication is that as much as people have moved to the urban areas ,they still value culture and their heritage and that is the reason as to why they travel to the village to enjoy the special scenery there brought about by local history and heritage buildi ngs .This attract tourists from different backgrounds and races. Another implication of the research is that people in the village are much friendly and caring more than people in the towns where people are busy minding their own businesses. The villagers have a welcoming attitude that attract tourists who prefer going shopping in the villages (Fu, 2008) .On rating the factors that attract the visitors the villages, attitude of sales staff remains to be the most considered factor. This implies that customer care in business matters a lot. The way customers are handled and attended t determines their level of satisfaction and their next visit to the shop. The second factor is neatness and how clean the shops are. In the village, shops are clean thus attract people who mind and value hygiene in shopping premises .Another implications that people prefer to go shopping in a place with ample parking for instance in the villages unlike in towns where there is much congestion due to high p opulation .There is an implication also that most visited places are the shops that sell food and much money is spent on food. This implies that food attracts people to a particular locality apart from other factors like good scenery. Limitations of the study lead to recommendations for future studies. The first limitation being answers given not from a personal perspective but societal view can be avoided by giving out the questionnaires to be filled anonymously gives the respondent the opportunity to express her or himself naturally because of the hidden identity. The uncertainty on the results can be avoided by not generalizing the findings on all people but it should be contextual. That is being specific to a particular culture and race. Time limit can be avoided by visiting the respondents when they are not busy to ensure that they answer the questions while their minds are fully present there. The overall implication o the whole research tries to point out that if action is no t taken; all revenue from tourism may end up being taken to the villages leaving the urban areas undeveloped since here is nothing much that attracts visitors. Therefore, if urban areas need to enjoy the same tourist visits as the village, it should use the above competitive advantages of the village to elevate the city References Zarb, J. (2012). TOURIST SHOPPING VILLAGES: Forms and Functions. Annals Of Tourism Research, 39(3), 1733-1735. https://dx.doi.org/10.1016/j.annals.2012.05.018 Acknowledgement to Reviewers of Atmosphere in 2016. (2017). Atmosphere, 8(1), 8. https://dx.doi.org/10.3390/atmos8010008 Fu, D. (2008). Village people, village music and the theoretical significance of the concept that poetry can harmonize people. Frontiers Of Literary Studies In China, 2(3), 321-348. https://dx.doi.org/10.1007/s11702-008-0013- Glerce, A. (2015). The has emerged. Seeking culture and psychology for Culture Psychology. Culture Psychology, 21(4), 455-468. https://dx.doi.org/10.1177/1354067x15615800 Borrett, D., Sampson, H., Cavoukian, A. (2016). Research ethics by design: A collaborative research design proposal. Research Ethics, 174701611667313. https://dx.doi.org/10.1177/1747016116673135 Hygiene in food shops. (1970). BMJ, 4(5731), 319-320. https://dx.doi.org/10.1136/bmj.4.5731.319 Guo, Z. (2013). Home parking convenience, household car usage, and implications to residential parking policies. Transport Policy, 29, 97-106. https://dx.doi.org/10.1016/j.tranpol.2013.04.005

Ratio Analysis Sportswear Manufacturing Company

Question: Discuss about the Ratio Analysis Sportswear Manufacturing Company. Answer: This report is based on audited consolidated statements financial that have been released about the company as at 30 June 2015. Billabong International Limited has branches in other continents including Asia and America and as such the groups consolidated financial statement must factor in currency valuation in the various countries. The financial performance of the group includes but not limited to fair value adjustment charges and other contingent considerations. The group managed to post a net profit after tax of $ 4.2 million for the full financial year ending 30 June 2015. This is a turnaround compared to a loss of $ 233.6 million that was posted in the PCP previous corresponding period. The results show that the global revenue for the group was up by 2.6 % compared to the previous corresponding period. This was reported to be $ 1.05 billion on the financial year ending 30 June 2015. The positive results is as a result of constant growth in the United states wholesale market which grew by 13.1% on a constant currency basis. In Europe the earnings before interest and tax was up $7.0 million from $5.6 million hence we can see the reason for sales. In Asia pacific earnings before interest and tax dropped by $4.1 million which was impacted by retail and currency which affected input prices. The profitability of a company A company is profitable if it generates enough profit or benefit, that is, when its income is more than its expenses, and the difference between them is acceptable. But it is necessary to do an evaluation of the company's profitability so that we can evaluate the relationship between its profits and the investment or resources it has used to obtain them.And to find this profitability, use is made of indicators, indexes, ratios or reasons of profitability, of which the main ones are the following (Beyersdorff, 2014) The profitability of a company can be measured by ROA.The Return on Asset Index (ROA) is used to calculate a companys profitability over its assets. The efficiency of a company to generate profits using its assets is given by the Return on Asset ratio. ROA = (net income / Assets) x 100 ratio formulae 2015 000 2014 000 Return on assets Net income/total assets 2552/803980=0.32% (239933)/751866=32% Return on Equity Net income/shareholders equity 2552/281584=0.91% (239933)/259039=-92.6% Net profit margin Net profir/revenue*100% 863/1056130*100%= 0.08% (238150)/1027478*100%= =0 Gross profit margin Gross profit/revenue8100% 2552/1056130*100%= 0.24% (233712)/1027478*100%= =0 Analysis of the results Billabong international Ltd is surely struggling. The return on assets or equity ratio is an indication on whether or not the company is making enough profits (Bull, 2005). The companys financial statements indicated that it has been on bear run , and had posted losses from 2013 and year 2014. This explains much why the return on assets ratio and return on equity ratios are way below the recommended figure for a healthy company. The shareholders of this company should be a worried lot since in normal circumstances they cannot expect dividend pay out in the near future (Bull, 2005). Gross p[rofit and net profit ratios indicate that the company has not been doing very well and has not reached the recommended ration in terms of profit margins. The liquidity ratio shows what state your company is in order to pay off short-term debt. It basically serves to determine the economic strength of the enterprise and to evaluate the distribution of the resources with which it accounts (Bull, 2008). It is an accounting criterion that will be very useful to detect eventual problems in the evolution of your business, regardless of the sector in which you act. There are activities in which we work with a lot of liquidity (since the collections and payments are made very short term) while in other companies the terms are longer (Diamond, Stice, Stice, 2000). Thus, although the formula is always the same - a relationship between current assets and liabilities -, the result of the equation will have a different meaning depending on the case, there is no standard value. The liquidity ratio is also known as "liquidity ratio," "available asset ratio" and "cash flow" (Bull, 2008). Interpreting the result In general terms, the closer to 1 is the result of that equation, the better off your company will be to honor short-term commitments even without relying on sales.The further from 1 down, the more problems you will have, because that means you do not have the resources to honor those commitments.But attention, if the result is much higher than 1, this can indicate a low profitability of resources, as it shows the existence of unused assets for the activity (Elliott Elliott, 2005).. Some financial experts indicate as adequate a ratio close to 0.3, but it is a value to be taken with caution, because it will be different according to the entity, sector to which it belongs, dimension, etc. Therefore, it should be analyzed together with other ratios and if possible with the budgets of the company (Fridson Alvarez, 2002). Consider periodically carrying out this calculation of liquidity ratio to evaluate the financial health of your venture so that you can move more safely along the ro ad to success. Ratio Formulae 2015 000 2014 000 Current ratio Current assets/current liabilities 523753/239045=2.19 times 495801/225671=2.19 times Quick ratio (cash+cash equivalent+short term investments+current receivables)/current liabilities (153334+7202)/239045= 0.67 times (145070+10275)/225671= 0.68times Interpreting the results For this case, the company has a current ratio of 2.19 in 2015 which is the same as that of the year 2014. This indicates that the company is in a position to honor its short term liabilities. The recommended ideal ratio for a company to manage its current liabilities in a better way is 2 hence Billabong has managed to control its current assets and liabilities to the level that is recommended (Harrison Horngren, 2001). On the other hand, the quick ratio that is at 0.72 in the year 2014 and 0.77 in the year 2015 portrays a picture that the company could be struggling to honor its short term debt. The rate recommended for this type of ratio is 1, and hence the company could do much better. This analysis completes the impact assessment since it allows to know: If the impact was achieved (effectiveness), If the impact generated justifies the cost of the action (efficiency), Whether there can be more effective and efficient alternatives to achieve the same impact. Efficiency ratios are used to determine whether the companys asdsets can manage the liabilities of the company (Harrison Horngren, 2001).The effectiveness of an action is given by the degree to which the expected objectives in its design were fulfilled. Usually a form of planning is used as the logical framework, in which the hierarchy of objectives is established: general, immediate, specific, goals and activities For each of the objectives envisaged, the effectiveness of the action being evaluated is analyzed, obtaining a general index of effectiveness through a weighting59 of each of the indexes by evaluated objective (Hove, 2006). The impact during the four years of operation is different and in the fourth year, it is zero. It is possible that there have been other training actions and that other companies have developed and competences to achieve better results (Kieso, Weygandt, Warfield, n.d.). Ratio Formulae 2015 000 2014 000 Inventory turnover Cost of goods sold/average inventory 495308/(180222+187125)/2 =0.81 491040/(179662+180222)/2 =2.73 Fixed asset turn over Sales turnover/average fixed asset 1137367/(256065+280227)/2 =4.2 1356946/(202103+256065)/2 =5.92 Creditors turnover Net recivable sales/average sales net receivable*100 207185/(207185/365)*100 =365 185687/(167890/365)*100 =508 Analysis of results The inventory turnover shows that the company has not been managing its inventory well. As indicated in the ratios in 2014, inventory turn over was 2.73 which reduced to 0.81 in 2015. This shows that the company is not managing its assets well enough to generate revenue. This also can be said of the fixed asset turnover ratio, Billabong is not maximizing its fixed assets well enough to generate revenue (Libby, Libby, Short, 2004). The practical interpretation of this result is that for each peso that the company must pay no later than a year, in its short-term asset, discounted inventories, has 70 cents. That is to say, in immediate terms the business no longer looks as good as the solvency ration suggests: it has little liquidity and could (although not necessarily, as it would have to analyze its case more thoroughly) to have problems to pay its debts (Melville, 2011) . On the other hand, too high liquidity is not necessarily good because it would indicate that the company is not investing in the generation of the product or service it offers. It maintains resources available but these practically do not generate yields. It measures the ability of the company to generate profits based on the invested resources. And it is calculated as follows:Ebitda is an indicator of what a business is gaining or losing through its core business, by eliminating distortions brought about by financial and accounting deci sions. It is obtained from the income statement and serves to measure the profitability, however not the cash flow.. It does not factor in the cost to fund working capital and old equipment replacement ( and this may be significant).Its calculation is made by adding again the depreciation and amortization to the operating profit, which is the profit that a company has to operate. Depreciation and amortization is a reserve that reduces the taxable tax base and represents the annual decline in the value of certain assets such as real estate, computers and patents (Weygandt, Kieso, Kimmel, 2003). In order to obtain operating income, which represents the tax base of the Treasury, depreciation and amorti zation, as well as expenses that include salaries and commissions of sales agents, are subtracted from gross profit; publicity and promotion; Per diems; Executive salaries, payroll and office expenses Gearing ratios Financial leverage is simply using debt as a means to finance a certain project. As simple as that may sound there are ratios for measuring the leverage of a company. That is, instead of carrying out its operations and projects with own funds, it will be done with the companys funds and or credit. The advantage it is possible to multiply profitability and the main disadvantage is that the projects being financed or operations do not go well it may end up being insolvent (Wild, Bernstein, Subramanyam, 2001). This huge data load can be overwhelming. Fortunately, there are many well-proven relationships that ensure that the task a little less daunting. Analyzing comparative relationships ( i.e from one year to another) enables to quantify and identify the company's weaknesses as well as stregnths, assess the financial position, and comprehend the risks you are taking. As with any other form of financial statement analysis, These comparative techniques are not definitive and their results should not be taken as an absolute truth. Many factors that are not on the balance sheet can be decisive in the failure or success of a company. However, when combined with other evaluation processes, comparative relationships are invaluable. This text includes descriptions and analysis of Billabong International Ltd and the eight most important types of relationships used in financial analysis: profitability, working capital, income, liquidity, long-term analysis, leverage,hedging and bankruptcy. We understand by financial leverage, or leverage effect, the use of debt to increase the profitability of own capital. It is the measure of the relationship between debt and profitability. When the cost of debt (interest rate) is lower than the yield offered by the investment, it is advisable to finance it from outside resources. In this way, the excess yield on the interest rate implies a higher return on own funds. Ratio Formulae 2015 000 2014 000 Debt to equity ratio (Long term debt+short term debt+bank overdraft)/shareholders equity (239045+283351)/281584 =1.86 (225671+267159+0)/259036 =1.9 Earnings to equity ratio Earnings before interest and tax/interest payable 2552/0 239933/(962012) = Investment ratios Ratio Formulae 2015 000 2014 000 Price/earnings ratio Stock price per share/earnings per share 0.59/0.09 =6.55 0.5/-0.09 =-5.55 Earnings per share Earnings/ no. of shares 0.5 (24.0) Dividend per share Dividend /no. of share 0 0 The stock is doing badly as can be seen above. The company has not given out dividends for the year ending 30 june 2014 and 2015. This is because it posted losses in 2014 and the profits that was registered in 2015 was to be ploughed back into the business. Conclusion The group has been facing financial challenges as shown by the ratios.One of the findingsis that the companys earnings have sometimes been affected by lack of appeal in the market for its products. This might be due to loss of image in the groups brand that made the company to register a loss in two years consecutively from 2013 to 2014. The company is trying to make a turn around and hence it has posted a profit of $2 million in 2015. However, this kind of profit is not enough to pay share shareholders dividends. The financial performance of billabong group is affected by among other factors interest rates, macro economic conditions, consumer sentiment , inflation , foreign currency exchange among others. There was an economic down turn in Europe as the dollar strengthened against the Euros. Billabong receives its revenues in more than ten currencies. Therefore when other currencies have fluctuated, then they will affect the overall performance of the group. This explains why the group has been experiencing dwindling income over the last few years. When the groups assets, profits and liabilities are denominated in other currencies then the profits might appear to be lesser than they are. Secondly, the groups products do not have the market appeal in the face of stiff competition from the superior sports gear companies. This explains why the group has all its ratios below the required threshold. Loss of market appeal to the image or the groups brand positioning is key to its turnaround strategy. Recommendations First, the company should seek to reduce the cost of production which consequently increases the profits. One of the ways of reducing production cost is through outsourcing of materials and labor from cheaper countries. This strategy should be the starting point of its turn around. Secondly, Billabong should consider hedging to mitigate the risk of currency fluctuation that is in turn affecting the results of the company. Hedging makes the makers of financial statement to exactly know the value of the currencies. Thirdly, the companys management should seek to improve efficiency in production References Beyersdorff, M. (2014). International GAAP 2014. Chichester, West Sussex: Wiley. Bull, R. (2005). Financial ratios. London: Spiro Press. Bull, R. (2008). Financial ratios. Oxford: CIMA. Diamond, M., Stice, E., Stice, J. (2000). Financial accounting. [Cincinnati, OH]: Southwestern College Pub. Elliott, B. Elliott, J. (2005). Financial accounting and reporting. Harlow, England: Prentice Hall/Financial Times. Fridson, M. Alvarez, F. (2002). Financial statement analysis. New York: John Wiley Sons. Harrison, W. Horngren, C. (2001). Financial accounting. Upper Saddle River, NJ: Prentice Hall. Harrison, W. Horngren, C. (2001). Financial accounting. Upper Saddle River, NJ: Prentice Hall. Hove, M. (2006). Consolidated financial statements. Cape Town, South Africa: Juta Academic. Kieso, D., Weygandt, J., Warfield, T. Intermediate accounting. Libby, R., Libby, P., Short, D. (2004). Financial accounting. Boston: McGraw-Hill/Irwin. Melville, A. (2011). International financial reporting. Harlow, England: Financial Times/Prentice Hall. Robinson, T. (2009). International financial statement analysis. Hoboken, N.J.: John Wiley Sons. Tan, L. (2011). Consolidated financial statements. Singapore: CCH Asia. Temple, P. (2002). Magic numbers. Singapore: Wiley. Temte, A. (2004). Financial statement analysis. La Cross, WI: Schweser Study Program. Warren, C., Reeve, J., Fess, P. (2002). Financial managerial accounting. Cincinnati, Ohio: South-Western. Weygandt, J., Kieso, D., Kimmel, P. (2003). Financial accounting. New York, NY: Wiley. Wild, J., Bernstein, L., Subramanyam, K. (2001). Financial statement analysis. Boston, Mass.: McGraw-Hill. Wink, G. Corradino, L. (2011). Intermediate accounting demystified. New York, NY: McGraw-Hill.