Allan's Repair Services Essay Example | Topics and Well Written Essays - 2250 words

Allans Repair Services - Essay ExampleMitre 10 Metcash sells hardware under this brand name. It overly involves home improvement solutions for the end consumers. Metcash Ltd operates in the areas of distribution, fresh food, liquor, fast moving consumer goods and hardware. 2 a) Sale of goods accounting for $11517.4 million was the main source of revenue for the Metcash group. b) be of sales was the largest expense for Metcash group. It was $10435.3 million in the year 2010. c) The total comprehensive income for the Metcash group was $229.6 million in the year 2010. d) Return on assets= Net income / centre Assets Return on assets for 2009= 203.2/3286.5 =6.18% Return on assets for 2010= 230.3/3639 =6.33% e) Gross good margin= Gross profit /Revenue Gross profit margin for 2009=1116.6/11067.5 =10.09% Gross profit margin for 2010= 1172.8/11608.1 =10.10% f) There has been a very slight improvement in the profitability of Metcash Ltd. The return on assets increased from 6.18% in 2009 to 6.33% in 2010. This can be attributed to the higher sales revenue that Metcash earned in the year 2010 compared to the revenue in the year 2009. Although Metcash purchased more assets to generate the higher revenue, the increase in revenue was more than the proportionate increase in total assets. The gross profit margin of Metcash remained relatively stable at 10.1%. This indicates that costs of Metcash remained relatively stable. Even if in that respect was an increase in the costs, it was matched by a similar increase in the selling price to retain the gross profit margin that was earned by Metcash in 2009. 3. a) The total current assets for the Metcash group were $1974.7 million in the year 2010. b) The total current liabilities for the Metcash group were $1448.4 million in the year 2010. c) Current dimension= Current Assets /Current Liabilities Current Ratio for 2009=1802.4/1309.8 =1.38 time Current Ratio for 2010= 1947.7/1448.4 =1.34 times d) Quick Ratio= Current Assets-Inv entory /Current Liabilities Current Ratio for 2009= (1802.4-680.5)/1309.8 =0.86 times Quick Ratio for 2010= (1947.7-747.2)/1448.4 =0.83 times e) Liquidity ratios measure the ability of a company to pay off its con term debts. The current ratio of Metcash discharge from 1.38 times to 1.34 times. This is due to the increase in the trade payables of Metcash Ltd. The reasons of this increase should be investigated since making timely payments to the creditors is essential to obtain trade discounts. Quick ratio includes solitary(prenominal) the most liquid of the current assets to assess if a company can cover its current liabilities. Metcash Ltds quick ratio also fell moderately from 0.86 times in 2009 to 0.83 times in 2010. A quick ratio of less than 1 indicates that Metcash does not have ample liquid assets to cover its short term obligations. Metcash Ltds most of the cash is tied up in inventory and Metcash Ltd should take measures to improve its liquidity position. f) geezerhoo d inventory= (inventory/cost of sales)*365 Days inventory for 2009= (680.5/9950.9)*365 =24.96 days Days inventory for 2010= (747.2/10435.3)*365 =26.14 days g) Days Debtors= (Account receivables/Revenue)*365 Days Debtors for 2009= (967.7/11067.5)*365 =31.91 days Days Debtors for 2010= (1008/11608.1)*365 =31.70 days h) The days inventory ratio indicate the occur of days it takes to sell the inventory. In the case of Metcash Ltd, the inventory days increased from 24.96 days to

Concentration Indices Research Paper Example | Topics and Well Written Essays - 1250 words

Concentration Indices - Research Paper ExampleThis office also shows the amount of disputation present among the companies. Basically it takes market shares in account and calculates the sum of shares of the market shares of all the companies present in that particular patience. So if there are N firms in an industry, the HHI is calculated asWhere s is the market share of the firm and n represents the number of the firms in the whole industry. If we see a decrease in HHI index we can declare that there is an increase in competition and there has been a loss of pricing power and its vice versa when there is an increase in the value. Other significant variants which typically revolve around the value of HHI are unconcentrated index which is indicated when H index is below 1000. HHI index between 1000 and 1800 indicates mark off concentration value and HHI index above 1800 indicates high concentrationConcentration Ration is delineate as the percentage of market share which is owne d by N braggyst firms in an industry. Usually the value of N is 4 but abouttimes some other larger number is taken. It is expressed as CRn, so a concentration ration for N largest firms in an industry is defined as followsWhere s defines the market share of the firm and n defines the number of the large firms if the value of the index is near zero then we can dictate that the industry is extremely competitive. However as general thumb rule followed by the industry analysts, that if CR value is lower then 40 then it implies that the industry has very stiff competition among the firms present in them and that none of them endure a major chunk of market share in them. While on the other scenario where the value is close to 95 then we can say that one firm which is dominating the whole scenario. It can be called a monopolistic scenario.Lerner Index This index value considers the market positioning of the firm. It talks somewhat the pricing and measures the extent to which a given f irms prices go past marginal costs. Basically it is measured as the difference between the price and the marginal cost of the goods and it is defined asOne thing we need to understand is that a high index value does not indicate the firms exercising market power. Prices may exceed marginal costs Gini CoefficientOne of the most famous indexes is the gini coefficient it is termed as a measure of inequality of a distribution. It is defined as the ratio of areas on the Lorenz persuade If the area between the line of amend equality and Lorenz curve is M, and the area under the Lorenz curve is N, then we can say that the Gini coefficient is M/(M+N). we can say that this index is used as health inequality or finance related inequality metrics. It is termed between 0 and 1 where if it becomes 0 it is termed as perfect income or health equality. And 1 related to perfect inequality. A practical value usually lies in between them.Costs and Benefits of the Indices There are benefits and adva ntages of some of the indices and some issues with others. If we look at HHI index we can say that it is a costly proposition. It considers all the firms in one single industry and if suppose the industry has 10000 firms under its belt then taking the considerations of 10000

Importance of Contract Formation Term Paper Example | Topics and Well Written Essays - 1250 words

Importance of Contract Formation - Term Paper Example whatsoever offer, forming these elements, is legally binding. The right of the contracting parties is to get the contract fulfilled in their favor, and to perform only those acts as obligations, which are mentioned in a contract, and not more than or less than that. That is how, the formation of a contract, with its essential elements, becomes very significant.Simply defined in law, a contract is an agreement or a promise, enforceable by law, which has the power and capacity to be legally binding. It is between two or more parties. It could be oral, in writing, through electronic means, or a combination of one or more of these means of a contract. Contract law is based on the principle that is expressed in the Latin phrase, pacta stunt servanda, which means, agreements are to be kept.There could be many kinds of contracts such as a sales contract, a partnership contract, a owe contract, a rental contract or a marriage contract. Business contracts are considered to be in writing, essentially, to be legally valid. Social contracts have yen been characterized as appealing to either actual consent or Ideas for legitimacy. Jean-Jacques Rousseau, however, appeals to both, hence gaining the benefits of two approaches.. Contracts have been used to shape and regularize personal and family matters also, since wide. Contract has long been used to shape and facilitate non-commercial, personal or family relations. Casebooks are replete with examples of bait promises.Intention to create a legal relationship, which means that both or all the parties to contract must have an intention to enter into a legal relationship. This intention could be express or through conduct unless it is considered better if the intention is mentioned expressly in the contract.

The Middle Ground Method of Argumentation Coursework

The Middle Ground Method of Argumentation - Coursework ExampleThe topic in the essay could have been approached in a middle ground argument approach. This would have involved con boldnessring both the advantages and disadvantages of mandatory drug testing and settling on middle ground where no side gets it all but each side gets something (Anonymous). This would have necessitated a change of the claim from mandatory drug testing having adverse effects to there beingness a confidentiality mechanism for the results of drug tests (Anonymous). This middle ground solution would have taken care of stigmatization which is one of the disadvantages of mandatory drug testing and it will allow for testing in favor of the group in support. Additional sources will be needed so as to assist in look of the confidentiality method that can be used to make the middle ground solution a success. Proper application of this middle ground solution would be a success as far as mandatory drug testing is

PERSONAL STATEMENT Example | Topics and Well Written Essays - 250 words

Personal Statement Examplemmunications and social marketing and specifically e-marketing this has me achieve distinctions at the school of Business for Top Athletes in Austria. Further, a degree in +Apprentice for the profession of Retailer as well as a High school Diploma in Business Administration with distinctions. The culmination of my academic qualifications will be later this year at St. Poelten University of utilise Science on acquisition of my Degree in Media Management.With my experience at Bene AG as an intern this year in corporate communications and e-Marketing my heating for marketing programs and campaigns was realized. Crucial skills in the world of technology were archived that incorporated web page optimization, e-newsletters preparation, e-marketing and e-mails. These gave me great impetus with respect to the contemporary world media skills. This was an extension of what I had achieved in my other placements at NXP for Event Management and Communications in 2009, as well as Camp Echo New York PR. The placement at Camp Echo was also a fascinating one that gave me overwhelming exposure with respect to publicizing and event managements for sports. This was realized alongside organization of trip, entry and Moderation of events.To top up on the above, with photography skills incorporating artistic, portrait, commercial and reportage music and its production, as well as writing scripts, I worked for Hobby mental picture for NOEN particularly covering my hobby sports events. I am also a member of the Event, Film and Radio team at the university as well as the Campus Magazine- SUMO.These activities have prepared me for the media activities and heightened my passion for further studies. This will make me realise the dream of my interests in social affairs, media and sports, America, forego languages encounter as well as travelling to experience different cultures. Media is a great part of my academic and career achievement and I truly feel that my Masters will

Principles and Practices of Leadership and Management Essay

Principles and Practices of Leadership and Management - Essay ExampleOther nicetys seek a more bare-ass leader with empathetic and charismatic personalities and strategies. Not just related to cultural dynamics, I must understand the state of employees (as well as myself) if I am go pass water boldness and confidence in my decision-making processes. This is why I felt to discuss my posture as a leader in congenator to cultural sensitivity and awareness. I understand that most organizations study diverse populations of workers that hail from different ethnic, regional and just general lifestyle cultures. All of these individuals have differing beliefs, determine and attitudes that must somehow find harmony when working with some others in group settings. Fairholm (2009) describes the transformational leadership model, one in which a shared vision and perpetration must be established, where the leader role models desired behaviours, and also opens effective lines of communica tion. In order to provide any meaningful feedback or direction, others have to trust in my judgment. As a transformational leader, I must get the whole organisation on board with a singular vision. Having an understanding of the foundational concepts of long-term orientation, individualism, collectivism, and other important characteristics of diverse employees is highly valuable in understanding how to approach certain cultures. In a collectivist organisation, which is the goal of the transformational leadership model, people calculate and find personal identity through group membership and social belonging (Hofstede, Hofstede and Minkov 2010 Hofstede and Hofstede 2005 Hofstede 2001). I realise it will be necessary for this type of culture to focus on group rewards, establishing collective rewards, and also promoting better socialisation among tacit and explicit knowledge holders. Understanding both the emotional states of others and their cultural values will assist in develop coh esive vision direction and promoting better work group outcomes. Whilst also providing strengths, I must be unfavorable of my weaknesses. One of these is an inherent ethnocentrism, a belief in the superiority of my take in cultural values. Even though I understand the considers of others, I am sometimes frustrated when what I view as over inter-dependency occurs between organisational members. I do not personally have much of a need for the social condition and belonging within the organisation since I trust in my own competencies and maintain very positive self-esteem. I have reached the self-actualisation phase angle of development, one that is highly motivated to succeed and do not require the affiliation nearly as strongly as others. Now, achievement is considered a pregnant strength in leadership. An achievement-minded leader gets intrinsic self-satisfaction from excellence in a task and reaching a standard of excellence (Kirkpatrick and Locke 1991). However, this over-con fidence in my own abilities sometimes translates into frustration or disappointment for those who have not yet achieved the type of confidence that I have earned through experience. This is apparent in my body language, if not my words. It is something I must work on finding balance between ethnocentrism, self-confidence and finding empathy for others that require more social approvals to build their self-esteem. A quality-focused leader must appeal to the needs of employees by first motivating and then inspiring followers (Kotter 2001). I have another strength which is excellent communication skills,

Latin American transitions Essay Example for Free

Latin American transitions EssayBesides, scholars regard existence of effective multi-party judicatureal system in the country as a necessary portion for ensuring efficient control of the society over authorities (Randall Svasand, 2001, p. 77). For example, party development is regarded among scholars as an essential element of democratization in Eastern Europe, the development of governmental parties was an omnipresent topic especially with regard to the new democracies in Africa, Asia and Latin America (Penna, 1998, p. 108).While definitions of democracy abound and there is little agreement on which factors contribute to bringing democracy about or to its consolidation, a recurrent refrain is the vital role that is played by parties. Surveying prospects for consolidation in sub-Saharan Africa, scholars suggests the key indicator is the capacity to develop a political party system which is both integrative betwixt different communities, and competitive between different p arties (cited in Randall Svasand, 2001, p.75).Similar conclusions about the importance of parties are being expressed by many experts in the field. Moreover, the role of parties has received especial oversight in the literature on Latin American transitions. Scholars argue that in assessing prospects for democratic survival and consolidation in this region much may cipher on political parties (Armijo, 2005, p. 2024).Scholars noted one more important aspect of political activities that the extent to which political democracy and equality can be achieved in any society is a function of the distribution of access to political resources. They describe political resources as anything that can be used to influence government decisions money, wealth, social standing, honor, reputation, legal status, knowledge, cognitive abilities, information, coercive capacity, organizations, etc. (Penna, 1998, p. 105).It seems, then, that to democratize, access to these political resources must be di stributed to a wider and wider circle of the population. This allows more and more people not only to participate in the political process, but to have influence over decisions. In this situation not only high art of political authorities is in demand, but in fact democratic structure of the parties and their ability to carry out effective dialogue with other parties functioning in the developing country to achieve consensus.