Friday, May 22, 2020

The Introduction To Sources Of Finance Finance Essay - Free Essay Example

Sample details Pages: 10 Words: 3113 Downloads: 8 Date added: 2017/06/26 Category Finance Essay Type Research paper Did you like this example? Often the hardest part of starting a business is raising the money to get going. As a newly appointed Finance Manager of Melaleuca Refugee Company distributor in Malaysia with the Head office at Bangsar, Kuala Lumpur, present an idea of how to turn it into a successful business by having other outlets. You need to decide: How much finance is required? When and how long the finance is needed for? What security (if any) can be provided? Don’t waste time! Our writers will create an original "The Introduction To Sources Of Finance Finance Essay" essay for you Create order The finance needs of a start-up should take account of these key areas: Set-up costs (the costs that are incurred before the business starts to trade) Starting investment in capacity (the fixed assets that the business needs before it can begin to trade) Working capital (the stocks needed by the business- e.g. raw materials + allowance for amounts that will be owed by customers once sales begin) Growth and development (e.g. extra investment in capacity) Task 1 Make a thorough research on the above company. Identify and briefly explain the sources of finance available for the expansion in the distribution of its line of products and highlight the implications of such sources of finance. Task 2 From the above, explain the importance of financial planning for Melaleuca Products and describe the impact of finance on the financial statements. Task 3 Obtain a Financial Statements of the company showing its two (2) consecutive latest annual statements. Compute for its profitability and liquidity ratio. Compare and comment on the result of your two (2) years calculations. Task 4 Analyze Melaleucas business environment through its consolidated results as shown in the Financial Statements. Table of Content TITLE PAGE Introduction 3 Task 1 4 6 Task 2 7 Task 3 8 10 Task 4 11 17 Conclusion 18 Bibliography 19 20 Appendix 21 22 Introduction Finance is the study of how and under what terms savings (money) are allocated between lenders and borrowers. Finance is distinct from economics in that it addresses not only how resources are allocated but also under what terms and through what channels. Financial contracts or securities occur whenever funds are transferred from issuer to buyer. Real assets are tangible things owned by persons and businesses such as residential structures and property, major appliances and automobiles, office towers, factories, mines, machinery and equipment. On the other hand, financial assets are what one individual has lent to another such as consumer credit loans and mortgages. The household is the primary provider of funds to businesses and government. Households must accumulate financial resources throughout their working life times to have enough savings (pension) to live on in their retirement years. Besides that, financial intermediaries transform the nature of the securities they i ssue and invest in. These include banks, trust companies, credit unions, insurance firms and mutual funds. On the other hand, market intermediaries simply help make markets work which include investment dealers and brokers. Funds can be channeled from saver to borrower in three ways which are direct intermediation, direct transfer from saver to borrower or a non-market transaction; direct intermediation, a market-based transaction usually through a market intermediary such as a broker; indirect claims through a financial intermediary, where the financial intermediary such as a bank offers deposit-taking services and ultimately lends those deposits out as mortgages or loans. (247 words) Task 1: Make a thorough research on the above company. Identify and briefly explain the sources of finance available for the expansion in the distribution of its line of products and highlight the implications of such sources of finance. 1.0 Introduction to Sources of Finance Sources of finance are ways in which a business can get additional funds in order to finance various things. These include start-up, for example raw materials, machinery and buildings; expansion, for example buying more equipment and larger buildings; and to help with cash flow problems, for example in periods when the business is short of cash. The business will have two main categories to choose from. These are internal sources of finance and external sources of finance. Internal Finance is the money that comes from inside the business itself whereas External Finance is the money comes from outside the business. Examples of internal finance are retained profits, sales of assets and owners savings. On the other hand, bank overdraft, a trade credit, a bank loan, leasing, hire purchase, mortgages, the issue of shares, debentures, and factoring are the examples of external finance. 2.0 Melaleuca Refugee Company Profile Melaleuca Refugee Centre Torture and Trauma Survivors Service of the NT Incorporated is a community-controlled, not-for-profit association operating out of Darwin. The association was first established in 1996 as the Torture and Trauma Survivors Service of the NT Incorporated to cater for the small number of refugees and asylum seekers wanting to settle in the Northern Territory. In 2002, it expanded and became known as the Melaleuca Refugee Centre Torture and Trauma Survivors Service of the NT Incorporated (Melaleuca Refugee Centre). 3.0 Sources of Finance of Melaleuca Refugee Company, Malaysia The company receives significant grant funds from both the Federal and Northern Territory Governments to provide various assistance and support services to refugees and the survivors of torture and trauma and their families. Government Grant is a financial award given by the federal, state or local government to an eligible grantee.ÂÂ  Government grants are not expected to be repaid by the recipient.ÂÂ  Grants do not include technical assistance or other forms of financial assistance such as a loan or loan guarantee, an interest rate subsidy, direct appropriation or revenue sharing.ÂÂ  There is typically a lengthy application process to qualify and be approved for a government grant.ÂÂ  Most recipients are required to provide periodic reports on their grant projects progress. 3.0.1 Australian government (i).Department of Immigration and Citizenship (ii).Department of Health and Ageing (iii).Department of Families, Housing, Community (iv).Services and Indigenous Affairs 3.0.2 Northern Territory Government (i).Department of Children and Families (ii).Department of the Chief Minister, Office of Multicultural Affairs 3.0.3 Foundations (i).Honda Foundation There is gratefully acknowledging the Honda Foundation that generously sponsors a vehicle for use by Melaleuca. The foundation pays for the vehicle and servicing. This support demonstrates the Honda Foundations good corporate citizenship and community support and is very much appreciated by all at Melaleuca. The Melaleuca-owned fleet comprises nine vehicles: five small four-cylinder hatches, one 10-seater bus, one utility and two larger sedans. The average age of the fleet is seven years. Average fuel efficiency per month is approximately 9.4km/ltr. Average distance travelled by a Melaleuca-owned vehicle is 1250km per month. The primary purpose of travel is to support or provide services to our clients. (ii).Deckcahir Cinema (514 words) Task 2: From the above, explain the importance of financial planning for Melaleuca Products and describe the impact of finance on the financial statements. 1.0 Impact of Finance (i). Vision Melaleuca Refugee Centre is recognized as a leader in facilitating the recovery of refugee survivors of torture and trauma. (ii). Mission Melaleuca Refugee Centre provides an environment for resettlement and healing of refugee survivors of torture and trauma, their families and community through confidential, high-quality and holistic services. (iii). Responsibility of Committee of Management for the Financial Report The Finance Manager for this company is Peter Trayte and the Assistant Finance is Emma Cameron. The members of the Committee of the Management are responsible for the preparation of the financial report and have determined that the basis of preparation to meet the requirements of the Associations Act 2003 and is appropriate to meet the needs of the members. The Committee of Managements responsibility also includes such internal control as the Committee determines is necessary to enable the preparation of financial report that is free from material misstatement, whether due to fraud or error. (159 words) Task 3: Obtain Financial Statements of the company showing its two (2) consecutive latest annual statements. Compute for its profitability and liquidity ratio. Compare and comment on the result of your two (2) years calculations. 1.0 Profitability Ratio of Melaleuca Refugee Company Profitability Ratio YEARS 2011 2012 Net Surplus Margin 755,436 $ / 4,375,160 $ = 0.17 :1 937,325 $/ 5,090,820 $ = 0.18 :1 (Net Surplus / Sales) Return on Total Assets 0 / 1,542,283 $ = 0 0 / 2,572,861 $ = 0 ( Surplus Available to Common Shareholders / Total Assets) Return on Equity 0 / 949,745 $ = 0 0 / 1,887,070 $ = 0 ( Surplus Available to Common Shareholders / Equity) Gross Surplus Margin 0 / 4.375,160 $ = 0 0 / 5,090,820 $ = 0 ( Gross Surplus / Sales) Table 1: Comparison of Profitability Ratio (Values extract from Appendix 1 2) 2.0 Liquidity Ratio of Melaleuca Refugee Company Liquidity Ratio YEARS 2011 2012 Current Ratio 1,516,902 $ / 592,638 $ = 2.56 : 1 2,568,059 $ / 685,791 $ = 3.74 : 1 (Current Assets / Current Liabilities) Quick Ratio (1,516,902 $ 0 -0) / 592,638 $ = 2.56 : 1 (2,568,059 $ 0 0) / 685, 791 $ = 3.74 : 1 ((Current Assets Inventories Prepayment) / Current Liabilities ) Table 2: Comparison of Liquidity Ratio (Values extract from Appendix 1 2) 3.0 Explanation of the Comparison of the Profitability Ratios (i). Net Surplus Margin Both the ratio for the years 2011 and 2012 also to 1, which means that if there is 1$ of sales, then there will be 0.17$ surplus and 0.18$ surplus for the two years respectively. There can be seen that the net surplus margin for year 2012 is higher than the year 2012 by 0.01 on the above Table 1. This is because of the difference between the total income for the both years 2011 and 2012. This may due to the funding and donation for the company. (ii). Return on Total Assets There is 0 for the return on total assets for both years 2011 and 2012. This is because there is no shareholder for this company. Therefore, there is no existing for surplus available to common shareholders. (iii). Return on Equity As the same with the return on total assets, there is 0 for return on equity. The reason also like the return on total assets which is there is no shareholder for this company. There will be also no existing for surplus available to common shareholders. (iv). Gross Surplus Margin There is also 0 for the gross surplus margin due to without of gross surplus for this company. This may say that the gross surplus margin is not applicable for this company. 4.0 Explanation of Comparison of the Liquidity Ratio (i). Current Ratio From Table 2 on above, can be seen that there is both the ratio for the years 2011 and 2012 also to 1, which means that if there is 1$ of current liabilities, then there will be 2.56$ and 3.74$ of current assets for two respective years. It can be show that the current ration of the year 2012 is higher than year 2011. This may caused by the current liabilities of the year 2012 is much higher than the year 2011. (ii). Quick Ratio From Table 2 as shown on above, we can be seen that there is the same quick ratio with the current ratio for the both years which are 2.56: 1 and 3.74: 1 for the years 2011 and 2012 respectively. This occurred is due to the company is no existing of inventories and prepayment. (581 words) Task 4: Analyze Melaleucas business environment through its consolidated results as shown in the Financial Statements. 1.0 Introduction of Business Environment of Melaleuca Melaleuca have successfully reached and implemented a new Enterprise Agreement with staff and their union, which the overwhelming majority of staff supported. This was approved by Fair Work Australia in February 2012.The Committee of Management (COM) also engaged an external and independent consultant to review the structure and operations of the organization. The COM approved the consultants recommendations, and a new operational structure that better suits the current needs of the organization was implemented in July 2012. As part of this restructure, they created a new position of Deputy Director to better support executive management in Melaleuca. Mary Taylor (current Deputy Director) joined Melaleuca at a challenging time during the restructure. COM members participated in a governance training workshop in February 2012 to expand our knowledge on the legal obligations of committee member and good governance practices. The COM is currently working in collaboration with key s takeholders and staff on the next strategic plan for the organization to help organization set its direction for the short to medium term. In the background to all this activity, government policies on refugees and asylum seekers continue to evolve. 2.0 Management Staff of Melaleuca The Committee of Management and staff of Melaleuca have a legal and moral responsibility to manage Melaleuca in the best interests of the community it serves. Committee of Management and staff demonstrate professional ethical behavior at all times in their responsibilities to the organization in their professional relationships with each other, and in their professional service to the community. Staff numbers at Melaleuca vary in relation to the centres program cycles. However, for the day-to-day program implementation 40 staff members are employed. Dr Ali Nur has been the Director of the Melaleuca Refugee Centre since early December 2009. He studied Medicine in Somalia and has a Masters degree in Public Health from the University of Sydney. He worked with refugees from eastern Ethiopia from 1979 to 1982 and came to Australia on a scholarship sponsored by Community Aid Abroad. In 1983 he returned to Australia on a humanitarian visa. He trained health workers in remote Aboriginal communities and worked with the NT Health Department. Melaleuca Refugee Centre has a community-based Committee of Management (COM), which appoints the Director to manage the day-to-day operations of the organization. The role of the Committee of Management is to meet regularly to monitor the performance and management of the organization. The COM is elected from and by Associate Members of the organization and is responsible for setting strategic directions. The COM meets at least 8 times a year. 3.0 Counseling Advocacy The counseling team at Melaleuca Refugee Centre provides support, counseling and advocacy services to individuals and their families from refugee background. People who have experienced torture and trauma before coming to Australia might continue to suffer from effects of the prolonged exposure to human rights abuses, violence, war and physical hardship. Settling into a foreign country can be a very traumatizing experience. Melaleuca recognizes that peoples pre-migration experiences and the process of resettlement are important to psychosocial well being. Melaleuca offers initial counseling upon arrival and long term counseling for those individuals or families in need. The Counseling Advocacy Services are Program of Assistance to Survivors of Torture and Trauma, Newly Arrived Youth Support Services and Youth Program (YOUTH), Intensive Family Support Services (IFS) and Torture and Trauma Counseling (Detention) (TT). Counselors/advocates provide a safe, confidential and non-judgmental environment where people can talk about their experiences, both pre and post migration and can explore their strong feelings, thoughts, and memories. Reactions to trauma may include disturbed sleep, nightmares, panic attacks, feeling anxious, feelings of guilt and shame, feelings of hopeless or helplessness, and too much worry. People may be suffering many physical symptoms, the pain of loss of loved ones and homeland, and feelings relating to displacement and fear of future. 4.0 Forum of Australian Services for Survivors of Torture and Trauma (FASSTT) The Forum of Australian Services for Survivors of Torture and Trauma (FASSTT) is a network of Australias eight specialist rehabilitation agencies that work with survivors of torture and trauma who have come to Australia from overseas. There is one FASSTT member agency in each state and territory of Australia. The eight agencies in the FASSTT network offer direct services to survivors of torture and trauma, their families and communities. These include psychological assessments, individual psycho-therapeutic interventions, group and family therapy, youth activities, natural therapies and community development. FASSTT members also provide innovative and effective services to ensure that the Australian community can play an important role in diminishing the impact of torture on survivors and enhancing their opportunities to rebuild productive and meaningful lives. These services include professional development and capacity building for service providers (such as workers in the hea lth, housing, education and settlement fields), networking, research, volunteer programs and case consultations. 5.0 Youth Supports Services Melaleucas youth program provides a multi-function program, offering a holistic, timely and culturally appropriate service to young people of refugee and migration background aged 12 to 21 years. The youth program under RECONNECT supports young people who are at risk of homelessness and enhances refugee youth engagement with family, education, training and community. The youth team collaborates with other agencies to facilitate new networks for young people and provide them with important social connections and extra support. Melaleucas youth team provides individual support, focused group work, school-based support, community development activities, capacity-building initiatives, and action-based research and holiday program activities. 6.0 Community Development of Melaleuca Melaleuca delivers a range of community development programs underpinned by the key principles and values of Community Development: education, participation, democracy, advocacy and strategies of community empowerment and strengthening that build social capital and community capacity. In the case of survivors of torture and trauma, community development rebuilds resilience which may have been eroded by past experiences. Community Development accepts that the impact of torture and state-sanctioned violence may result in distrust and conflict, and aims to build social cohesion and strength. It identifies and builds on individual and community assets. It links the community with others in collaborative partnerships, and empowers individuals and communities who are particularly disadvantaged within the resettlement country. Community Development Programs are Families in Cultural Transition (FICT), Alternatives to Violence (AVP), Tips Ideas on Parenting Skills (TIPS), Community L iaison, Training and Education and Refugee Support Network (RSN). Community engagement is strengthened through World Refugee Week, Annual Deckchair Fundraiser, Harmony Day, International Womens Day and Sea-Breeze Festival. 7.0 Past Events of Melaleuca In the celebration of World Refugee Week, Melaleuca Refugee Centre hosted a community festival on 16 June 2012 with the theme of Restoring Hope. The day highlighted messages that champion human rights locally and globally in a fun, sharing, relaxed atmosphere, and brought together the varied and vibrant cultures within their community. Highlights included a cultural village setting of world music and dance performances, traditional costumes, crafts, interactive stalls, food tasting from around the globe, and activities for youth and children. Vibrant with community pride and spirit sums up the atmosphere of the day. The festival truly showcased to the wider population what community and being part of community means to people from a refugee background, and what refugees have to offer their adopted home in the richness of their experience and culture. (1224 words) Conclusion As a conclusion, the objective of financial statements analysis is to show how to rearrange information from financial statements into financial ratios that provide information about five areas of financial performance which are short-term solvency, activity, financial leverage, profitability and value. Accounting statements provide important information about the value of the firm. Financial analysis learns how to rearrange financial statements to squeeze out the maximum amount of information. Business finance has three main areas of concern which are capital budgeting, capital structure and working capital management. The goal of financial management in a for-profit business is to make decisions that increase the value of the stock, or, more generally, increase the market value of the equity. The corporate form of organization is superior to other forms when it comes to raising money and transferring ownership interests, but it has the significant disadvantage of double taxati on. There is the possibility of conflicts between stockholders and management in a large corporation. (160 words)

Thursday, May 7, 2020

News Commentary On Crime And The Media - 924 Words

Lastly, the dramatization by news programs today produces a glamorization of crime. News stories on crimes are extremely popular due to the fact that audiences’ remember bad news much easier than good news. Take history for example, much of history is filled with recounts of gruesome murders, wars, and scandals. An estimated 71 million viewers across the country tune in to their local news station’s broadcast (Yanich, 2004, p. 537). It can easily be assumed then that an estimated 71 million people will know the basic details of a crime that their news station is broadcasting. Crimes and their corresponding cases are exceedingly well known by viewers at the time when they are broadcasted; people know the names of the suspects, victims, and the main details of the crime itself. As posited in Yanich’s article (2004) on crime and the media, â€Å"The media’s treatment of and its relationship to crime and justice policy has received much attention.†(p. 5 35). With all of this attention on crimes in the news it is not surprising that in many instances alleged or even convicted criminals are seen as celebrities. These criminals receive ample airtime, and in many situations crimes and criminals that are highly broadcasted in the news are often later turned into big blockbuster movies. Movies such as Psycho, Bonnie and Clyde, and Zodiac are all based upon real life criminals and crimes. Some serial killers even have secret admirers that are obsessed with them. These admirers send theseShow MoreRelatedCrime, Deviance, And Deviance899 Words   |  4 Pageswe as a people so drawn to crime and deviance in the news? What is it about human nature that has a secret sense of interest or even some excitement when we turn on the television and see something major going on like a high speed chase or the like? 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Essay1593 Words   |  7 Pagescenturies, the presence of this bias changed significantly but not disappeared. In an age of media at every turn, the can influence so much and be so powerful. Unfortunately, one of the most apparent outlets of systemic racial bias is this proclaimed media, which tends to reflect and produce social perceptions of Americans and results in impacts on all Americans. A well studied and common example of racial bias in media would be sports and their coverage. Many of the mainstream sports have disproportionateRead MoreThe Crime Is An Act Essay1394 Words   |  6 Pagesbehaviour and the concept of crime itself, wither it is known through personal experience or daily conversations or more accurately through the media e.g. from films, newspapers and books etc. Media production goes through a process of mediation in which professional producers select and reject which stories are news worthy or not. 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An example of t his is the Society of Professional Journalists Code of Ethics(1), a standardized list of items that members of the SPJ use as a guide in their strides to be effective journalists. In a similar manner, media professionals sometimes use theirRead MoreViolence in Television, Movies, and Video Games Should Not Be Censored1653 Words   |  7 Pagesthese media have on todays youth. Many people, including government officials, have singled out these three media sources as the cause of some types of violence simply because it is an easy target for laying the blame. The truth is that television, movies, and video games are nowhere near the actual causes for acts of violence and other crimes. Studies on the issue are, at best, inconclusive on the issue. Many people believe that television, movies, and video games are the cause of crime because

Wednesday, May 6, 2020

Social Darwinism Free Essays

This began in the nineteenth century as a way of supporting natural selection and the basis that the species best suited to survive any given situation would prevail over the lesser beings. The actual concept of Social Darwinism was not the idea Charles Darwin presented, but the confirmation people needed. The main issues relevant to this theory are business, sexism and racism. We will write a custom essay sample on Social Darwinism or any similar topic only for you Order Now From generation to generation, all species change slightly over time. Organisms of very type share similarities with their ancestors. Sometimes children will show similarities from their grandparents, great-grandparents or ever further back. If a certain individual has a superior trait which will help them survive more effectively, that individual’s offspring is more likely to also show that trait. Variations in the traits are on a genetic level and these variations happen randomly at different intervals in time. These beneficial traits will prosper but most mutations don’t show up in offspring and will not be passed to future generations. Social Darwinism pass the philosophical beliefs into business practices in modern day. The survival of the fittest concept is proven if one takes a look in Fortune magazine. The best businesses will move on through monetary success and popularity and those businesses who fail will not be passed on. Each generation produces new and better ideas. As business progresses, people will have more information available to them whenever, wherever they need it. Andrew Carnegie states, â€Å"The law of competition may be sometimes hard for the individual, [but] it is best for the race in every department. The Gospel of Wealth, 1889) The adaptation theory in Social Darwinism encourages those in business to work harder to be on top to show greater success. When we think about business and success, many people think of males. In our history, the woman’s role is mainly in the home, providing for their husbands and being a fertile ground. Social Darwinism shows that men are the more fit sex and women are weak. Although physically women as a whole are generally weaker than men, this theory has some imperfections. But, what this theory does not show is the ntelligence of women. More recently, success is defined regarding intelligence as opposed to physical strength, so the survival of the fittest theory does not exclude women. Looking deeper, the sexist theory does not always ring true. The greatest influence in the sudden development of racism in the 19th century Europe was the replacement of the Christian belief that â€Å"God created all people equal† by â€Å"Darwinism†. By suggesting that man had evolved from more primitive creatures, and that some races had evolved further than others, it provided racism ith a scientific side. The element of Darwinism which appeared most appliable to the development of society was the belief that the excess of population over the means of support was a constant struggle for survival in which it was the strongest or think that some races were morally better than others In conclusion, people can take parts of the Social Darwinism theory to apply to modern day ideas such as business. sexism and racism. Charles Darwin’s ideas may not always be seen as true but for now, it shows many possibilities. How to cite Social Darwinism, Papers social darwinism Free Essays