Monday, September 30, 2019

History of Accounting

Accounting has a history that is usually discussed in terms of one seminal event- the invention and dissemination of the double entry bookkeeping processes. Paul Garner and Atsuo Tsuji (1995) report that the first printed treatise of bookkeeping in the world is the Summa de Arithemetica, Geometria, Proportioni et Proportionalita written by Luca Pacioli. The treatise was published in Venice in 1494, and was reprinted at Toscolano in 1523. This work is one of the most important books on mathematics and has had an enormous impact on the field of accounting ever since. The Treatise 11 of Section 9 of this book – that is, â€Å"particulars de Coputis et Scripturis,† is a treatise about double entry bookkeeping. The system of bookkeeping that Luca Pacioli described first introduced the practice and theory that had developed in commercial cities in Italy, particularly in Venice. Pacioli wrote in the first chapter of his treatise, â€Å"We will here adopt the method employed in Venice which among others is certainly to be recommended, for with it one can carry with any other method†. Pacioli was born in Borgo San Sepolcro, lived in Venice and became the tutor of the three sons of a rich merchant, Antonio de Rompiasi. It seems that he could have had the chance to see the account books of the Venetian merchants and to study the method of double entry bookkeeping in Venice. The bookkeeping system that Luca Pacioli has several distinct characteristics: 1. Pacioli wrote that there are three things needed by one who wished to carry on business diligently. The most important of these is cash or any other substantial power. The second is a good accountant and a sharp bookkeeper. The third is good order in order to arrange all business to debit and credit. 2. Pacioli explained the opening inventory, but he did not describe the closing inventory. 3. Pacioli’s account book system is three account books- that is, a day book. The day book is the first book, the journal is the second book and the ledger is the third book. Pacioli thought of the day book as the formal account book, because he wrote that the day book must be presented to a certain mercantile office. 4. All things pertaining to a transaction must be written in the day book, without omission. Pacioli wrote that no point must be omitted in the day book. 5. Pacioli described debit and credit- that is, â€Å"per† and â€Å"A† in the journal, and â€Å"die have re† in the ledger. However, any view of accounting history that begins with Luca Pacioli’s contributions will overlook a long evolution of accounting systems in ancient and medieval times. In attempting to explain why double entry bookkeeping developed in 15th century Italy instead of ancient Greece or Rome, accounting scholar A. C. Littleton describes seven â€Å"key ingredients† which led to its creation. -Private Property: The power to change ownership, because bookkeeping is concerned with recording the facts about property rights. -Capital: Wealth productively employed, because otherwise commerce would be trivial and credit would not exist. -Commerce: The interchange of goods on a widespread level, because purely local trading in small volume would not create the sort of press of business needed to spur the creation of an organized system to replace the existing hodgepodge of record-keeping. -Credit: The present use of future goods, because there would have been little impetus to record transactions completed on the spot. – Writing: A mechanism for making a permanent record in a common language, given the limits of human memory. – Money: The â€Å"common denominator† for exchange, since there is no need for bookkeeping except as it reduces transactions to a set of monetary values. – Arithmetic: A method of computing the monetary details of the deal. Many of these factors did not exist in ancient times, but, until the Middle Ages, they were not found together in a form and strength necessary to push man to the innovation of double entry. Writing, for example, is as old as civilization itself, but arithmetic- the systematic manipulation of number symbols- was really not a tool possessed by the ancients. Rather, the persistent use of Roman numerals for financial transactions long after the introduction of Arabic numeration appears to have constrained the earlier creation of double-entry systems.

Sunday, September 29, 2019

Riath

Owen Marshall uses animal imagery of a camel to describe Mr Thorpe in the short story ‘Requiem in a Town House’. The use of this animal imagery through similes attracts and maintains the readers attention because it makes the reader sympathize for Mr Thorpe. The reader wants to read on to know why he is like an old camel, what has led to this and why he is viewed in this way. ‘Mr Thorpe stood helplessly by, like an old gaunt camel’, ‘like a camel whose wounded expression is above it all’. These examples of animal imagery from the text create an image of Mr Thorpe like an old camel.Camels are known to be large, awkward and slow moving, so the comparison to the elderly Mr Thorpe is a negative one. Camels are also often put on show at Zoos and such places where they live in small enclosures, much smaller than they are used to. The comparison to Mr Thorpe is demoralizing and dehumanizing to elderly people but also makes the reader feel compassion an d sympathy towards him as he is living in a small house much smaller than he is used to and is confined just like an old camel.The authors purpose was to accentuate the entrapment that Mr Thorpe feels in the town house. This draws the readers attention to how elderly people are treated in society, often put to the side and their opinions ignored, decreasing their value of life. Animal imagery is equally used in Disconnections to attract and maintain the reader’s interest through the alienation of old people, especially towards the elderly woman, the main character. The lady has just suffered from a stroke and the older she’s become her memory is fading. The doddery woman cannot support herself as she walks.Ever since the horrific stroke, she has become very sluggish. She is well aware of her family’s opinions of her welfare and it makes her feel self conscious about herself. The woman has to walk into a room where her family sits waiting for her to come in †Å"watch her inching her wayward leg forward, an awkward stick-clutching crab. † This metaphor illustrates how the old woman walks, awkward, and stiffly jointed like that of a crab. It also highlights her difficult daily struggle to do things that we take for granted in our own life.Animal imagery is extended throughout the text describing her movement being similar to that of a crab’s. â€Å" As I crab into the room. † Sue McCauley effectively uses animal imagery to highlight the many struggles that old people have to go through daily and how much we need to appreciate the ability we have compared to that of an elderly person. She raises the issue of alienation many elderly feel as they are excluded from society and their family no longer want to look after them, but only look down at them.Owen Marshall uses the symbolism of the couch to represent Mr Thorpe in the Town House. Symbolism of the couch is used to maintain the readers interest throughout the short tex t. â€Å"In the corner was a heavy couch that had been brought in from the farm, but wouldn't fit in the house. † Like Mr Thorpe the couch doesn't fit in the Town House; there is no place for it, the couch would get in the way just as Mr Thorpe does. â€Å"Mrs Thorpe developed the habit of sending her husband out to wait for the post. It stopped him from blocking doorways†¦ The couch is stored in the garage and is heavy solid and collects dust. Mr Thorpe ends up spending a majority of his time on the couch in his garage, instead of in his town house that his wife has forced upon him in his retirement: â€Å"as his despair deepened, he would go directly to the couch, and stretch out. † On the couch lies an army blanket and an embroidered cushion. The army blanket has been with Mr Thorpe through thick and thin. The couch is full of history and was beloved just like Mr Thorpe.Just like the couch, Mr Thorpe is useless you could say; he too does nothing but collects d ust. The garage is the only place where Mr Thorpe can feel like he isn't being crushed by the tacky Town House. â€Å"As his despair deepened he would go directly to the couch, and stretch out with his head on the old embroidered cushion. † By comparing Mr Thorpe to an old, lumpy couch this maintains interest for the reader drawing curiosity as to why the comparison is being made. The author’s purpose of using this symbol is to represent Mr Thorpe as an outcast from society.Mr Thorpe has been banished into the shadows of the Town House just like the couch is banished into the dark garage. Mr Thorpe represents everyone who feels outcast and just like another old piece of furniture in a modern Town House. McCauley, also uses the symbolism of the buttons in Disconnection as a technique to help attract and maintain the reader in highlighting the effects on how she is slowing losing her dreams on being able to look after herself and she is just yearning to live in her own h ouse.The symbolism of the buttons is helped to uncover how much the buttons mean to her and help her to stay in reality and retain her short memory. ‘The buttons are too small. Too small. They slither away from my fingers, from my clumsy finger and thumb.. ‘ The reader starts to see it’s not the buttons getting smaller, but that she is slowly starting to lose grip of her life and is starting to struggle with the simple things in life like doing up the buttons.The purpose is to show how she is losing control of her co-ordination, but not only that she is starting to lose control of her life, she has no voice and her family will be the ones that choose her future. The symbolism of the title also attracts and maintains reader. On so many levels, the reader sees how the narrator’s life is disconnected. Throughout the story we see that she is having disconnections with her family, her limbs, neurons and her memories.We learn that all she wants is her independenc e and freedom of her own home but when she gets the chance to say what she wants, her mind goes blank and she fails to make any real sense. â€Å"You were my babies’ I announce†¦. I realise I am making no sense†¦ They have no idea what I’m trying to say and even if I went on to explain they wouldn’t understand†. The reader sees that her last chance to get her only hope has been ineffective and she has lost grip of her life, and no one else will be able to have the time and care to be able to help her with her last wish.McCauley shows how the other characters in the story are aware that this not the right thing to be doing, but they are not giving her a choice they are ready to get on with their life. This method is effective as it is a strong way of attracting the reader to read on because they want to understand how old people are alienated from the rest of the world. The purpose is to show how old people in todays world really have no hope in getting their last wishes as the youth want to get on with their own life and don’t have the time to look after them anymore.

Saturday, September 28, 2019

Case Study of Ms Foley-Free-Samples for Students-

This assignment is about a patient named Ms. Martha Foley, a 35 year old lady who is suffering from acute pulmonary oedema and was admitted in the hospital prior to 5 days because of post multi-trauma caused by a car accident. She is also suffering from multiple fractures in both legs and smoke inhalation as being trapped in car for 15 minutes. This paper has been divided into two parts. Part 1 contains the description of Ms. Foley and her history along with the treatment in the hospital and the analysis of the Observation Chart and Fluid Balance Chart. It also contains a brief description of acute pulmonary oedema, its pathophysiology and the implications of nursing assessment of this situation. Part 2 contains the inter-professional model of care required for Ms Foley while in hospital. Ms. Foley is a full time worker at a supermarket and is a victim of domestic violence from her former partner. She had a good relationship and support from her friends and co-workers. The day of the accident she and her friend Ms. Annie Jones were travelling in the same car. Ms. Jones was also admitted in the same hospital. Ms. Foley was a smoker of 10 cigarettes per day and also intake drugs such as methamphetamines IV and cocaine. But don’t drink alcohol and is a vegetarian. She had suffered from left sided heart failure in the past and is treated by cardiomyopathy. Fluid balance chart describes that Ms. Foley is given compound Sodium acetate was given intravenously from 01:00 am to 08:00 am at 200mls per hour and only 100mls is drained out through urine. It has been shown in appendix 1. Observation chart describes about the general physical conditions of Ms. Foley during the time of her admission in the hospital. The following things were measured: Acute pulmonary oedema is a type of disease in which the alveoli gets filled up with fluid and the person is unable to breathe. As the fluid gets accumulated creates misbalance in exchange of gases and leads to dyspnoea and hypoxia. Acute pulmonary oedema (APO) is caused by two main mechanisms. The first mechanism is elevations in pulmonary pressures due to severe increase in intra-cardiac pressure of chambers and second is severe lung injury causing increase in pulmonary vascular permeability (Liesching et al. 2014). Pulmonary oedema caused due to lung injury is termed as acute respiratory distress syndrome (ARDS) while pulmonary oedema which is due to acute elevations in pulmonary micro vascular pressures is termed acute cardiogenic pulmonary oedema (Lavin et al. 2015). The pathophysiology of these two types of oedema is almost different due to which their treatments are also different. This document relates specifically to acute cardiogenic pulmonary oedema (Zeiss 2016). Acute cardiogenic pulmonary oedema is caused by an intense ischemic occasion bringing about cardiovascular brokenness. Intense diastolic disappointment may likewise be caused from hypertension and atherosclerosis. Less generally the intense sight might be optional to other essential occasions, for example, intense valvular issue or arrhythmia (Elias et al. 2015). The acute cardiac dysfunction that happens from a background marked by myocardial ischemia brings about expanded cardiovascular end diastolic weights which thus result in hoisted pneumonic micro vascular weights and the improvement of intense cardiogenic aspiratory oedema (Vlaar and Juffermans 2013). There is a decrease in cardiovascular yield with ensuing solid enactment of the thoughtful sensory system and the renin-angiotensin framework. This outcomes in lifted blood weights and expanded delayed consequences on the heart starting a gooey cycle of expanded myocardial oxygen request and further lessening in cardiovascular yield (Luks et al. 2014). In the problems of heart failure there are homeostatic systems that prompt liquid maintenance and pneumonic blockage. In APO there might be starting of liquid fill up, however the essential pathophysiology won't be reliant on the benchmark liquid status. It is significant that s number of these patients is hemoconcentrated on introduction because of the gathering of up to 2 litres of liquid in their lungs (Spoletini et al. 2015). They may then show up hemodiluted 24 hours after the fact when they are in the recuperation stage. As it were they give off an impression of being enduring a more prominent plasma volume as of now, which is suggestive that the issue is not fundamentally a liquid over-burden issue. By and large of APO the issue is less liquid abundance; rather it is an instance of liquid in the wrong "compartment", (intra-alveolar, as opposed to intra-vascular) (Duffy et al. 2015). The nursing care plan depends upon the appearance of the patient’s respiratory status. To perform the assessment of nursing care for acute pulmonary oedema the nurse must observe the individual’s responses (Akoumianaki et al. 2014). The following are the therapeutic nursing interventions for  acute pulmonary oedema: The initial management of patients with cardiogenic pulmonary edema (CPE) should address the ABCs of resuscitation, that is, airway, breathing, and circulation. Oxygen should be administered to all patients to keep oxygen saturation at greater than 90%. Any associated arrhythmia or MI should be treated appropriately (Lumb 2016). Methods of oxygen delivery incorporate the utilization of a face covering, non-intrusive pressure support ventilation (which incorporates bi-level positive aviation route weight [BiPAP] and consistent positive airway pressure [CPAP]), and intubation and mechanical ventilation (Stocker et al. 2014). The method that will be utilized relies upon the proximity of hypoxemia and acidosis and on the patient's level of cognizance. For instance, intubation and mechanical ventilation may end up noticeably important in instances of tireless hypoxemia, acidosis, or changed mental status. The utilization of non-intrusive weight bolster ventilation in acidotic patients with serious intense cardiogenic aspiratory oedema does not give off an impression of being related with unfavourable results (early mortality and intubation rates) in these patients (Adam, Osborne and Welch 2017). Initial dose: Frusamide is given intravenously and the dosage is 20-40 mg (slowly for 1 to 2 minutes) or may increase the dosage by 20 mg later by 2 hours after the previous dose until the desired diuretic effect has been obtained. Use: Treatment of oedema associated with congestive heart failure, cirrhosis of the liver, and renal disease, including the nephrotic syndrome, especially when an agent with greater diuretic potential is desired (Soni et al. 2017). Initial dose: 20 to 80 mg orally once; may repeat with the same dose or increase by 20 or 40 mg no sooner than 6 to 8 hours after the previous dose until the desired diuretic effect has been obtained. Maintenance dose: Administer the dose that provided the desired diuretic effect once or twice a day. Maximum dose: 600 mg/day in patients with clinically severe oedematous states. -Oedema may be most efficiently and safely mobilized by giving this drug on 2 to 4 consecutive days each week. -When doses greater than 80 mg/day are given for prolonged periods of time, careful clinical observation and laboratory monitoring are particularly advisable. Use: Treatment of oedema associated with congestive heart failure, cirrhosis of the liver and renal disease, including the nephrotic syndrome, especially when an agent with greater diuretic potential is desired. The Inter-Professional Model of Patient Care (IPMPC ©) was introduced in 2006 when inter-professional collaboration started as a priority of policy agenda in Canada. This model causes the experts to enhance better care the patients and their families which likewise can manage the extra issues of human medicinal services. The models speak to a pedantic program, a group based affair and a between proficient recreation encounter. The instructional program stresses between proficient group building abilities, information of callings, tolerant focused care, benefit taking in, the effect of culture on medicinal services conveyance and a between proficient clinical segment (Maggiore et al. 2014). Nurses were ready for Ms Foley to attend her while she was lying flat on her bed, trying to sit up, and gasping for air. She is worried, stating she is ‘scared’, and that she has a weird feeling that she can only describe as ‘a sense of impending doom’. Vital signs taken and are the following: Pulse 120bpm and regular, BP 100/50, RR 34, SaO2 92% on RA. Her lips have started to turn blue and the nail beds on her fingers are cyanotic. She remains dyspnoeic and desperate for air. She is coughing. The integral part of inter-professional care of nursing is quality improvement. ACHS is a handbook which gives information of management of risks and improvement of quality to assist organisations and to manage the risks at the organisational levels and to ensure that quality of care and services are integrated (Powell et al. 2016). PE teams have found their place in health care. Teams do not replace the physician-patient relationship, but rather enhance it—creating a more comprehensive, efficient, and tailored health care experience (Short et al. 2014). The care convention was created by the IP group amid a CPE workshop and encouraged group gatherings. It was utilized as the guide by medical caretakers or doctors associates who gave mind at the visits. Components of the IP mind convention included visual signs, for example, publications on the exam room dividers that represent the body frameworks affected by diabetes, and an envelope with data, worksheets and apparatuses created by the IP group on parts of connecting with relatives for help, eating regimen, exercise and medical administration. Thus through the above discussion it can be concluded that Ms. Martha Foley had an accident and detected by acute pulmonary oedema which is a type of disease in which the lungs is filled up with fluid. At first in this task there had been included clinical assessment tools; pathophysiology and its applications; nursing care plan; nursing interventions; pharmacological uses of frusamide; inter-professional model of care, its risk management and its implications Adam, S., Osborne, S. and Welch, J. eds., 2017. Critical care nursing: science and practice. Oxford University Press. Akoumianaki, E., Maggiore, S.M., Valenza, F., Bellani, G., Jubran, A., Loring, S.H., Pelosi, P., Talmor, D., Grasso, S., Chiumello, D. and Guà ©rin, C., 2014. The application of esophageal pressure measurement in patients with respiratory failure. American journal of respiratory and critical care medicine, 189(5), pp.520-531. Duffy, M., Jain, S., Harrell, N., Kothari, N. and Reddi, A.S., 2015. Albumin and furosemide combination for management of edema in nephrotic syndrome: a review of clinical studies. Cells, 4(4), pp.622-630. Elias, B., Barginere, M., Berry, P.A. and Selleck, C.S., 2015. Implementation of an electronic health records system within an interprofessional model of care. Journal of interprofessional care, 29(6), pp.551-554. Lavin, M., Harper, E. and Barr, N., 2015. Health information technology, patient safety, and professional nursing care documentation in acute care settings. OJIN: The Online Journal of Issues in Nursing, 20(2). Liesching, T., Nelson, D.L., Cormier, K.L., Sucov, A., Short, K., Warburton, R. and Hill, N.S., 2014. Randomized trial of bilevel versus continuous positive airway pressure for acute pulmonary edema. The Journal of emergency medicine, 46(1), pp.130-140. Luks, A.M., McIntosh, S.E., Grissom, C.K., Auerbach, P.S., Rodway, G.W., Schoene, R.B., Zafren, K. and Hackett, P.H., 2014. Wilderness Medical Society practice guidelines for the prevention and treatment of acute altitude illness: 2014 update. Wilderness & environmental medicine, 25(4), pp.S4-S14. Lumb, A.B., 2016. Nunn's Applied Respiratory Physiology eBook. Elsevier Health Sciences. Maggiore, S.M., Idone, F.A., Vaschetto, R., Festa, R., Cataldo, A., Antonicelli, F., Montini, L., De Gaetano, A., Navalesi, P. and Antonelli, M., 2014. Nasal high-flow versus Venturi mask oxygen therapy after extubation. Effects on oxygenation, comfort, and clinical outcome. American journal of respiratory and critical care medicine, 190(3), pp.282-288. Powell, J., Graham, D., O’Reilly, S. and Punton, G., 2016. Acute pulmonary oedema. Nursing Standard, 30(23), pp.51-60. Short, K.R., Kroeze, E.J.V., Fouchier, R.A. and Kuiken, T., 2014. Pathogenesis of influenza-induced acute respiratory distress syndrome. The Lancet infectious diseases, 14(1), pp.57-69. Soni, L., Ansari, M., Thakre, N., Singh, A., Bhowmick, M. and Rathi, J., 2017. Development and in-vitro evaluation of Furosemide Solid Dispersion using different Water Soluble Carriers. International Journal, 6(2), pp.2571-2575. Spoletini, G., Alotaibi, M., Blasi, F. and Hill, N.S., 2015. Heated humidified high-flow nasal oxygen in adults: mechanisms of action and clinical implications. CHEST Journal, 148(1), pp.253-261. Stocker, R., Lenzlinger, P.M. and Stover, J.F., 2014. Contemporary intensive care treatment for patients with severe multiple trauma. In General Trauma Care and Related Aspects (pp. 95-109). Springer Berlin Heidelberg. Vlaar, A.P. and Juffermans, N.P., 2013. Transfusion-related acute lung injury: a clinical review. The Lancet, 382(9896), pp.984-994. Zeiss, A.M., 2016. Cognitive Behavioral Therapy as an Integral Component of Interprofessional Care. Cognitive and Behavioral Practice, 23(4), pp.441-445

Friday, September 27, 2019

Washington As A President Born Abroad Essay Example | Topics and Well Written Essays - 750 words

Washington As A President Born Abroad - Essay Example As per the requirements of the US Constitution, only a citizen by natural birth or an already citizen of the United States during the adoption of the constitution is eligible to election to the Office of the President. Additionally, the Office of the President remains eligible for persons with thirty-five years of age and above, and have been residents within the United States borders for fourteen years. From the amendment; however, all person born or naturalized in the United States are subject to their jurisdiction, citizens of the United States and in the particular state in which they reside. The Constitution clearly states that one's eligibility to run for president of the United States requires that the person be a natural-born citizen, an aspect that is then assumed by many that the president's eligibility refers to individuals physically born in the United States, but is such usually the case? Ideally, the constitution remains vague on the definition of natural born, with a n umber of status defining a natural-born U.S. citizen as an individual entitled to be so "at birth" or "by birth," without regard to the particular place of birth as long as either or both of the parents are United States citizens. Determination of George Washington's United States citizenship and eligibility to run and be elected as president of the United States is an aspect that requires an in-depth analysis. George Washington was a Virginian by birth, though the United States never existed during his birth.

Thursday, September 26, 2019

Global Macroeconomic Imbalances as the cause of the crisis Essay

Global Macroeconomic Imbalances as the cause of the crisis - Essay Example This assignment seeks to present the various views of researchers with regards to the fact whether the micro-economic imbalance account for the main cause behind the crisis. The economic researchers have been increasingly involved in providing the basis and context for the occurring of the global financial crisis. Richard Portes have been particularly active in the media for his research on the origin as well as the implications of the recent credit crunch in the world economy. Richard has identified the main root and origin of the financial crisis as the world’s macro-economic imbalances which were responsible for bringing about huge inflow of capital across borders. This phenomenon was particularly overwhelming for the sophisticated financial systems present in the United States and the United Kingdom which was consequently responsible for the creation of asset price bubbles. This was also responsible for provoking ‘search for yield’ which with the support of th e credit rating agencies resulted in the creation of ‘toxic assets’ in the economy. Moreover during the break of the crisis coordination from the Central Bank was inadequate or not sufficient. This was considered to the main reason behind according to inference of Richard Roberts. He has also proposed a suitable solution to the problem as identified as above. His suggestion to the world economy was to deal with the macro-economic imbalances and also the remove the weaknesses of financial regulatory system. According to him the combined impact of the two solutions simultaneously would be the solution to the financial crisis (London Business School, 2008, p.1). Critical Assessment Following are some of the findings of the London Business School. The Russian Default occurring in August 1998 and the near death experience of LTCM was one of the main causes of imbalance in the financial markets. There were pervasive fears across the global economy during the month of Septembe r in the same year and by the beginning of October the US Treasury became liquid to a certain extent. This resulted in the fall in the dollar by about 15% in relation to the Yen in three

Destination Singapore scenario Assignment Example | Topics and Well Written Essays - 2250 words

Destination Singapore scenario - Assignment Example Tourism is a labour intensive industry and expansions in this business will create immense potential for employment in the host country. Though Singapore is small in size, the country has been a hot favourite for tourists and shoppers from across the globe since a long time. The country currently ranks as the third richest nation in the world and though it does not have much in terms of natural resources, due to tourism and other businesses, Singapore has been able to fare quite well in the economic front in the past. However, in order to make the best use of the future prospects, the country has to harness its resources and align its capabilities for improvement and innovation in the travel and tourism industries so that it can sustain the steady economic growth. This paper develops a fictional tourism strategic policy for Singapore on the premise of a situation where the three nearby airports of Bangkok, Kuala Lumpur and Bali are closed down due to natural disasters, which makes th e country the only gateway to other South East Asian countries. It will dwell on various policies that need to be implemented so that the country can optimise its potential as a tourist destination, to cater to the extra demand, over the next five years, in a sustainable manner. Innovations in Singapore Tourism: Strategic Policies and Planning Framework Introduction: Singapore is one of the top ranking economies in Asia Pacific region, with sophisticated infrastructures both in ground and air transport, which rank respectively â€Å"2nd and 14th† as well as a high quality human resources that ranks â€Å"2nd† in the region (Blanke & Chiesa, 2013, p.xxi). In addition, the country ranks as first among all economies for its â€Å"policy environment† that is most supportive with its rules and regulations encouraging travel and tourism industries (p.xxi). Data relating to visiting tourists shows a rising trend with â€Å"11.6 million in 2010 and 13.2 million in 2011 † with revenue earnings of â€Å"S$ 18.9 billion in 2010† and â€Å"$ 22.4 billion† in 2011 (Annual Report of Tourism Statistics, 2012, p.1). Therefore, it transpires that despite the economic down trend across the world, tourism industry in Singapore has been growing in a fast paced manner. The hotel industry in the country also has remained in a strong position over the years with the rates of occupancy up to â€Å"85%† in 2010 and â€Å"86%† in 2011 (Table-34, p.77). Currently, the country has a total of â€Å"154† gazetted hotels with â€Å"40,759† rooms available for letting out (p.83). The land transport system here comprises road and rail services with Express Ways of 161 km, Arterial Roads of 645 km, Collector Roads of 557 km and Local Access Roads of 2,048 km (Singapore Land Transport Statistics as at End of 2011, p.58). In addition, they have Rapid Transit Systems (RTS) with MRT of 146.5 and LRT of 28.8 km, with 97 MRT statio ns and 34 LRT stations, catering to a resident population of 5,184,000 and 13,171,000 visitors (p.58). Air traffic system in the country has accounted for the arrival of â€Å"150,827† aircrafts during the year 2011, carrying 22,778,000 passengers while sea transport has registered the arrival of â€Å"127,998† vessels in 2011 (Year Book of Statistics Singapore, 2012, p.181). This study envisages the development of a new tourism strategic policy and planning framework for Singapore to cater to an extra demand arising from a

Wednesday, September 25, 2019

The Fallacy of the American Dream. The Reservation Cab Driver and Essay

The Fallacy of the American Dream. The Reservation Cab Driver and Mexicans Begin Jogging - Essay Example Of the 300 million American citizens, close to 50 million of them do not have basic health insurance. This is such a travesty in a country that is the sole superpower and the most prosperous. With the onset of the latest episode of economic recession, the unemployment rate has touched an alarming 10 percent. The main characters in the two poems have highly insecure jobs and barely scrap-by for a living. Living hand-to-mouth on a perennial basis, the attainment of American Dream is a distant and implausible reality for these people. The Reservation Cab Driver is a man of Native Indian origin, whose rickety Malibu 65 also doubles up as his house. His rights for a basic social security blanket are taken away by the same government agencies such as Bureau of Indian Affairs and HUD, that were meant to provide benefits. Living a nomadic life as a Reservation Cab Driver and working 24 hours a day he cannot yet earn a subsistence wage. His condition typifies the status of Native Indians as a whole. Once the rightful inhabitants of the vast American continent, the arrival of European colonizers put an end to their peaceful existence. Ever since, nearly the entire population of Native Indians have been wiped out, with few remaining descendants such as the Reservation Cab Driver still struggling for survival. (Alexie, 2011, p.173)

Tuesday, September 24, 2019

Case Study Example | Topics and Well Written Essays - 1500 words - 15

Case Study Example In order to attain the objectives of the study, the presentation has been divided into two major parts. The first part is the identification of the triggering effect of the current supply chain management scheme and the consequences faced by this structured platform. The second part is a number of recommendations that should be done to attain the goals set by the board of directors. From the study done on the current ORUN managing supply chain scheme, observations show that there are several identifiable operational and management problems and most of them are triggered by a wide communications gap between the headquarters and the subsidiary plants of the firm. ORUN Company, just as a number of manufacturing enterprises, is structured to be among networks of manufacturing and distribution sites that acquire raw materials and transform them into similar finished goods as well as distribute them to customers. However, despite the process seeming simple, it is evident that the fact that the rates at which ORUN’s subsidiary plants have become so self-regulating from the headquarters in conducting their operations, the company ceases to support its initial ideology of a structured value added supply chain. Evidentially, ORUN supply chain management faces numerous consequences because of the lack of a redesigned supply chain scheme that integrates the independence of the subsidiary plants to their headquarter operations. It has continuously been supposed that the supply chain general performance depends on the different sites combined performance though, typically, each site is managed by autonomous management conditions. This has been the case at ORUN since it is well documented that, the company’s remote operations have become very independent in their local procedures. However, these self-made objectives may have very influence to do with the supply

Monday, September 23, 2019

Anecdotal Stories of Feedback and Feedforward Coaching Techniques Assignment

Anecdotal Stories of Feedback and Feedforward Coaching Techniques - Assignment Example This includes illustrations of the adverse effects of not setting the temperatures to the required or standard levels. From this scenario, the protagonist had the opportunity of planning for the future of the election. This includes formulation of measures that needs to be taken in order to ensure that suspicious ballot papers are not delivered during the day of election. Further, the protagonist had a chance of attaining success in hand recount of the election process. Moreover, the protagonist was fully focused on the attainment of better results during the day of election. Thus, a solution for any form of suspicious ballots was developed to ensure that the entire process is not characterized of illegalities (Roeden et al., 2012, p. 590). From experience, the coaching process could have been improved by active listening and the adoption of literal techniques, which ensures that business success is attained at all times. Such entails demonstration of how to identify a real and suspicious

Saturday, September 21, 2019

Napoleon Exiled to Elba Essay Example for Free

Napoleon Exiled to Elba Essay * 1812 Napoleon launches an invasion against the Russians * 1814, Napoleon forces surrendered and he offered to step down in favor of his son * His offer was rejected and he signed the Treaty of Fontainebleau, he agreed to abdicate in exchange for which he was given the tiny Kingdom of Ebla, a small island in the Mediterranean Sea * May 3, 1814 Napoleon arrives on the island of Elba   He brought ambitious plans to reform government and a personal escorts of 1000 men, and a household of staff * An island of 12,000 inhabitants in the Mediterranean, 20 km off the Tuscan coast * Napoleon attempted suicide with a pill he had carried since a near-capture by Russians on the retreat from Moscow however, its potency had weakened with age, and he survived to be exiled while his wife and son took refuge in Austria * Evening of February 26 , 1815 Napoleon takes advantage of temporary absence of the English custodian, Colonel Campbell * Under the cover of night, he silently slipped away with a from the island and returned to the mainland * He traveled through areas where he knew he had support and about 500,000 volunteers joined him * Escapes with a small army and headed to Paris, proclaimed the renewal of his empire * The French may have found Louis XVIII reasonable, however, they feared the royalists and clergy who were attacking the reforms that had come into effect since 1789 * Also the magic of Napoleon’s name and the glory of his rule been forgotten Battle of Waterloo   Return of Napoleon united the powers at Vienna, and agreed to raise and army under the Duke of Wellington * June 8, 1815 near the town of Waterloo, Belgium the 100 days campaign starts * June 8, 1815 near the town of Waterloo, Belgium 100 days campaign starts * June 18, 1815 Duke of Wellington occupied the ridge of Mont St. Jean (south of Waterloo) and Napoleon was at La Belle Alliance across the valley * Duke of Wellington had inexperienced infantry, cavalry and had 156 cannon and standard gun for infantry * Napoleon built his army on short notice with veterans, peasants and conscripts * The French army under fire from the garrisons at LA Haye Sainte and despite heavy casualties at 11:30am the French launched diversionary attack on Hougoumont * An allied line that hid behind the ridge

Friday, September 20, 2019

Problems Facing Campagnie Du Froid Economics Essay

Problems Facing Campagnie Du Froid Economics Essay The aim of this report is to analyse the problems faces by Jacques Trumen, the CEO of Campagnie du Froid S.A., by reviewing the performance of the 3 regional managers. The report is based on the financial analysis and the evaluation of the facts and figures provided in the case study. This report ends with recommendations for a fair compensation system. In this case, Jacques has to evaluate the performance of the 3 regional businesses in France, Italy and Spain and decide regarding the compensation of the managers according to that. Until recently, he was giving the bonus of 2% of the corporate profit to each one of the managers. However, in 2009 the performance of Spain region was very poor and had affected the overall profit of the company. This has forced Jacques to rethink about the fairness of the evaluation system. The report answers Jacques problem in deciding the strategic changes in the compensation system by evaluating the performance of each region. The Italian Region Taking into consideration all the facts and figures in the case study given, it can be said that Peirre Giraux, the regional manager of Italy, performed good in 2009. He could get 12.6% more profit than was estimated the profit plan. The negative variance of his cost of goods sold (COGS) is expected as he has increased the sales volume. The COGS increased at a lower rate in comparison to the sales which resulted in a positive variance in his contribution margin which increased by 1.65% higher than the budgeted figure. His performance is admirable because although the production is ice cream increased, he could reduce other costs like supervision, electricity, and maintenance by 7.000 Euros, this result in increasing the operating margin by 2.45%. The overall SA expense variance is unfavourable but some of it is contributed due to the increase in sales volume. Pierre needs to have a better control on some costs like the administrative salaries and expenses as it should not have increased by the current rate. The selling expenses increased by close to 10% whereas total sales grew by only 1.2%. he is not accountable for the unfavourable variance in the allocated central office expenses as it is the same for all regions and it is fixed by the companys central office. The overall outcome of Pierre performance was good. The Ice Cream Transfer After analysing Exhibit 5, it is clear that Jean, the manger of the French region, has considered COGS, other costs, depreciation and SA expenses with a profit margin of 5% for calculating the selling price of the ice cream. Adding COGS and other costs was fair on Jeans part as these are variable costs and are bound to increase with the increase in production. Jean added 0.04 Euros per litre under SA expenses which corresponds to allocated central office expenses. It is unjustified to add it because this cost is fixed by the companys central office and is equally incurred by all the divisions. In addition, Jean could have added the depreciation cost because it would have remained the same even if Spain had not imported ice cream from French region. By adding the depreciation cost to the cost of ice cream transferred, Jeans depreciation cost went down and his profit was increased considerably. So this way worked somewhat in favour of the French region. France benefited from it by incr easing sales volume at a lower fixed cost (depreciation and central office expense added to the selling price) and Spain enjoyed the advantage by satisfying its volume deficit at a cost lower than its own selling price in the Spanish market even after a price cut. That is why it can be said that the ice cream transfer was a win-win situation for Spain and France regions. The Spanish Region 2009 was a problematic year for the Spanish region for many reasons. The following points specify the main 3 factors that worked against Spain and how much did it cost Andres. 1- Too low temperature: according exhibit 6, for the first time Spain had encountered such low temperature in the last 7 years. Last time the temperature had gone below 28 C, Spain had experienced only 3.5% volume growth. Moreover, in 2001, when Spain had experienced 28 C, the volume growth rate had dropped down -2.1%. If we follow Jacques thumb rule, then predicted volume growth should be only 4.9% instead of the planned 10%. However, it was better than that as it comes out to be 6.8% (see table 1). So it can be said that Andres performed well against the natures odds by maintaining a higher volume growth than that predicted by Jacques thumb rule. Table 1 (The Spanish Region) Expected sales for 2009 4.094 Proposed increase 10% Sales for 2008 *3.722 Actual sales for 2009 3.975 Rise in 2009 253 % Rise in 2009 6.80% * Sales for 2008= expected sales for 2009/ (1+propesed % increase) 2- Machinery problem: Spanish division faced the machinery problem. Due to which, it had to import ice cream from France at a higher variable cost. Andres also had to swallow the surplus cost of supervision, energy, and maintenance due to the continuous repair and adjustment work in the machines. This increased his cost of production by 21.000 Euros which normally should have gone down because of lower production in his manufacturing unit. 3- Price cut by competitor: the problem for Spain did not stop here. Due to price reduction by competitor, the company had to cut its price by 1.5% and lost some of sales revenue in this process. But, Andress decision to import ice cream from France came out to be fruitful as he was able to satisfy its volume deficit. In spite of the fact that he had to buy ice cream at a higher variable cost, but still it was cheaper than his own selling price (after price cut). This contributed 178.000 Euros to his profit (see table 2). Table 2 (The Spanish Division) Per unit cost Total in 000 Euros Notes Cost charged by France 3.53 2.126 Subcontracted transportation *0.13 77 Incurred due to import from France Delivery expenses **0.19 115 These are not completely fixed costs and depend on sales volume. Higher the sales higher the expense Selling expenses ***0.20 119 These are not completely fixed costs and depend on sales volume. Higher the sales higher the expense Total cost 4.05 2.437 Selling price 4.34 2.616 Profit 0.29 178 *subcontracted transportation cost per unit = total subcontracted transportation cost / total volume transferred **delivery expense per unit = actual delivery expense / actual volume *** selling expense per unit = actual selling expense / actual volume Overall, it can be said that due to few unavoidable circumstances, Andres had to face losses which ruined the performance of his division. The French Region France seems to be the best performer but by a close look at exhibit 2, it is evident that Jeans performance was poor because of 3 major reasons. First, Jean employed a major workforce on an hourly basis to supervise the production and maintain the machines. This increased the supervision, energy, and maintenance costs by 118.000 Euros which reduced his operating margin significantly. Secondly, Jean added the depreciation and central office expenses to his selling price for ice cream transfer to Spain. This is unjustified as these expenses are fixed costs and would have remained the same even if Spain had not imported from France. However, including these expenses worked well for Jean as his fixed costs was distributed by a higher sales volume and increased his profit by 79.000 Euros (Depreciation + SA, from exhibit 5). Thirdly, it should not be forgotten that 603.000 litres of his sales volume came from transferring ice cream to Spain and 79.000 Euros of sales revenue from distribut ion business. Therefore, his actual total sales revenue from the companys core business was only 21.256.000 Euros (from exhibit 2). This is 1.36% less than the estimated sales revenue in the profit plan, and that is why Jean was not able to meet his projected target. In addition, if we remove the profit earned from export i.e. 180.000 Euros and distribution business 29.000 Euros, then his actual profit comes down to 1.033.000 Euros which is just 0.58% above budget (see table 3). However, Jeans decision to invest in distribution business was profitable to the company because he increased the revenue by 79.000 Euros. Assuming that the negative variance of 3.000 Euros as truck depreciation and 47.000 Euros as delivery expenses is due to the new business yet Jean managed to account a profit of 29.000 Euros in the first year itself. Table 3 (The French Region) Estimated profit in 2009 1.027 Total actual profit in 2009 1.242 Profit from ice cream export *180 Profit from distribution export **29 Profit from ice cream business excluding export and distribution 1.033 Profit above estimated 6 % profit above estimated 0.58% *profit from ice cream transfer = total actual profit **profit from distribution export = revenue from distribution (variance in delivery expense + variance in depreciation of trucks). Conclusion and Recommendations After investigating the case, it is evident that Andres can not be blamed totally for the depressing performance of Spain. Spain suffered from multiple bad circumstances in 2009, and Andres applied every trick to overcome it. In spite of Jeans decision of the distribution business was profitable to the company but his overall performance was below the expectations. Consequently, Pierre comes out to be the best performer out of the 3 regional managers. So, it is significant to keep certain factors in mind when deciding the compensation of a manager. In order to keep employees motivated to perform better, their compensation bonus should be directly linked to their own divisions profit. Jacques should decide a ratio of percentage of corporate and regional profits depending on his companys budget for bonus. For example, he should give 1% of corporate profits plus 3% of regional profits. In this way even if the companys overall profit went down due to poor performance of a particular regi on, a mangers bonus would be affected only by the percentage allocated to corporate profit. He can still enjoy the percentage of his divisions profit which is normally should have performed well. Another factor to determine the compensation would be the companys strategic goals and managers performance in achieving these goals. In order to motivate employees to exceed the expected revenues in profit plan, Jacques should give a higher percentage of the value by which the manager surpasses the expected profit. This would keep the manager motivated in undertaking the challenging opportunities to contribute to the companys growth.