Tuesday, November 26, 2019
How Salt Melts Ice and Prevents Water From Freezing
How Salt Melts Ice and Prevents Water From Freezing Salt melts ice essentially because adding salt lowers the freezing point of the water. How does this melt ice? Well, it doesnt, unless there is a little water available with the ice. The good news is you dont need a pool of water to achieve the effect. Ice typically is coated with a thin film of liquid water, which is all it takes. Pure water freezes at 32Ã °F (0Ã °C). Water with salt (or any other substance in it) will freeze at some lower temperature. Just how low this temperature will be depends on the de-icing agent. If you put salt on ice in a situation where the temperature will never get up to the new freezing point of the salt-water solution, you wont see any benefit. For example, tossing table salt (sodium chloride) onto ice when its 0Ã °F wont do anything more than coat the ice with a layer of salt. On the other hand, if you put the same salt on ice at 15Ã °F, the salt will be able to prevent melting ice from re-freezing. Magnesium chloride works down to 5Ã °F while calcium chloride works down to -20Ã °F. Key Takeaways: How Salt Melts Ice Salt melts ice and helps keep water from re-freezing by lowering the freezing point of water. This phenomenon is called freezing point depression.Salt only helps if there is a little bit of liquid water available. The salt has to dissolve into its ions in order to work.Different types of salt are used as de-icing agents. The more particles (ions) formed when a salt dissolves, the more it lowers freezing point. How It Works Salt (NaCl) dissolves into its ions in water, Na and Cl-.Ã The ions diffuse throughout the water and block the water molecules from getting close enough together and in the right orientation to organize into the solid form (ice). Ice absorbs energy from its surroundings to undergo the phase transition from solid to liquid. This could cause pure water to re-freeze, but the salt in the water prevents it from turning into ice. However, the water gets colder than it was. The temperature can drop below the freezing point of pure water. Adding any impurity to a liquid lowers its freezing point. The nature of the compound does not matter, but the number of particles it breaks into in the liquid is important. The more particles that are produced, the greater the freezing point depression. So, dissolving sugar in water also lowers the freezing point of water. Sugar simply dissolves into single sugar molecules, so its effect on freezing point is less than you would get adding an equal amount of salt, which breaks into two particles. Salts that break into more particles, like magnesium chloride (MgCl2) have an even greater effect on freezing point. Magnesium chloride dissolves into three ions one magnesium cation and two chloride anions. On the flip side, adding a tiny amount of insoluble particulates can actually help water freeze at a higher temperature. While there is a bit of freezing point depression, its localized near the particles. The particles act as nucleation sites that allow for ice formation. This is the premise behind the formation of snowflakes in clouds and how ski resorts make snow when its slightly warming than freezing. Use Salt to Melt Ice - Activities You can demonstrate the effect of freezing point depression yourself, even if you dont have an icy sidewalk handy. One way is to make your own ice cream in a baggie, where adding salt to water produces a mixture so cold it can freeze your treat.If you just want to see an example of how cold ice plus salt can get, mix 33 ounces of salt with 100 ounces of crushed ice or snow. Be careful! The mixture will be about -6Ã °F (-21Ã °C), which is cold enough to give you frostbite if you hold it too long.Gain a better understanding of freezing point depression by examining the effect of dissolving different substances in water and noting the temperature required to freeze it. Good examples of substances to compare are table salt (sodium chloride), calcium chloride, and sugar. See if you can dissolve equal masses of each substance in the water in order to get a fair comparison. Sodium chloride breaks into two ions in water. Calcium chloride forms three ions in water. Sugar dissolves in water, but it doesnt break into any ions. All of these substances will lower the freezing point of water. Take the experiment a step further by exploring boiling point elevation, another colligative property of matter. Adding sugar, salt, or calcium chloride will change the temperature at which water boils. Is the effect measurable?
Saturday, November 23, 2019
French Expression Etre Dans Son Assiette - French Plate
French Expression Etre Dans Son Assiette - French Plate Lets start with a mistake you hear all the time: be careful to not say une assiette (a plate) instead of un sià ¨ge (a seat). Students get confused because the verb for to seat is sasseoir, so they think une assiette is related. Hence the mistake. A Plate Une Assiette We have different kind of plates used for different courses: Les Assiettes Plates (Flat): une petite assiette (une assiette fromage, une assiette dessert par exemple) - smaller plate used for cheese or dessert for example.une grande assiette (une assiette entremet) - a bigger plate, used for the main course.une assiette pain - a very small plate for the breadNote that a very small plate to put under a cup is called une soucoupe.à Les Assiettes Creuses (Deeper Plate) une assiette soupe: soup plate Les Plats (Serving Dishes) There are too many to list: des plats creux (deeper), des plats plats (yes, flat serving dish), and we often sort them by their shape or use : un plat rond, oval, carrà © (round, oval, square...), un plat poisson (for the fish), un plat tarte (pie)... un plat pour le four (for the oven). Ne Pas ÃÅ tre Dans Son Assietteà This weird idiom means to not feel/look well, to feel/look depressed.à Et bien, Camille, à §a va ? Tu es sure ? Tu nas pas lair dans ton assiette.Well, Camille, are you OK? Are you sure? You dont look well. And it has nothing to do with a plate! Actually, it does come from sasseoir, and has to do with the position one is sitting: Lassiette. Its an old French word, that nowadays is only used for horseback riding. We say: un bon cavalier a une bonne assiette. (a good rider has a good sitting position). Otherwise, the French word une assiette is used for a plate, thats all. Note that for the idiom ne pas à ªtre dans son assiette will always be used in the negative, and the possessive adjective will change to agree with the person you are talking about. Regarde Pierre : il na pas lair dans son assiette.Look at Pierre: he doesnt look well.
Thursday, November 21, 2019
Personal Statement Essay Example | Topics and Well Written Essays - 500 words - 23
Personal Statement - Essay Example While at David Game College I have learned academically and socially. My major subjects include accounting, statistics and economics. I have outstanding marks in all of these courses. I feel that the instructors have done an excellent job preparing me for more in-depth study of Economics and Finance. My minor subjects at this time are maths, statistics and information technology. I believe that this combination of academic subjects has laid a proper foundation for my future studies. I especially feel that my information technology class has been helpful in showing me the possibilities for using technology to apply my knowledge of Economics and Finance. My time at David Game College has helped me to grow and mature as a student and as a friend. I have especially benefited from the opportunities I have been given to work collaboratively with classmates. An important learning experience came when I was assigned to produce a report with two other students that held very little in common with myself. While uncomfortable at first, we soon found that the most important thing we shared in common was the desire to do well on the report. As a result, we began to focus on our common goal instead of differences in culture and belief. We completed the report and received outstanding marks. This was an important learning experience because I realize that working in Economics and Finance will require me to work with all kinds of people from all over the world. I learned that if you focus on a common goal, differences seem to be less important. These are exciting times for the study of Economics and Finance. The global recession and financial meltdown, state debt and trade relations are in the news daily. I believe that when times are bleak, knowledge and understanding are the only things that can help to brighten a situation. Understanding the complexities of a national economy and then being able to apply
Tuesday, November 19, 2019
Code switching between English and other languages Essay
Code switching between English and other languages - Essay Example In bilingual or multilingual communities the use of language occurs in a harmonizing way as the speaker shifts between languages as to execute their function which can be either approaching economic need or developing a friendly relationship. Lets take an example of a dialogue held between two Indian speakers who are code-switching between English, Hindi and Kannada. Jayalakshmi, one of the speakers, before presenting her analysis of the conversation held with her friend with reference to code-switching introduces herself as a multilingual. India, a large part of south Asia, remained under British rule for almost ninety years and during this period English remained an official language so it was widely learnt formally. Even after getting independence English remained there as an official language and Hindi became the national language. According to Hewings and Tagg Language policy is introduced in a country by its politicians when a huge political change takes place e.g. after independence or a war. The official language of a country gets a high status and used at institutional, government and international level whereas the national language is marked for its national identity which possesses social and cultural values (Hewings and Tagg (edds) 2012). From Jayaââ¬â¢s commentary we come to know that she speaks a variety of languages which include Hindi as her national language, Kannada as her mother tongue, Bengali as her neighbours communicated in it and some other regional languages. When we hear Jayaââ¬â¢s conversation with her colleague on her workplace we apprehend that English has been used as an official language. Nitin speaks most of English while discussing an official problem and his switching less to other languages is an outcome of the influence of Jayaââ¬â¢s abode which is England. It is noteworthy that Jaya who is supposed to bring a solution to Nitinââ¬â¢s problem unconsciously switch to
Sunday, November 17, 2019
Labour Party to socialism Essay Example for Free
Labour Party to socialism Essay ââ¬ËExplain the ideas and policies which link the modern Labour Party to socialismââ¬â¢. (10 marks) Socialism is the economic system based on cooperation rather than competition of businesses which utilizes centralized planning and redistribution of wealth. Industry is state owned and therefore companies have government monopolies on them which results in no competition. Industries are redistributed though the state to achieve a fairer society. Traditional Labour values were indeed a form of socialism as some of their core values include a large welfare state, mild redistribution of wealth through taxes and social mobility. Socialism was founded in 1789 if the modern day Labour party had the same ideologies as those of the original socialist politicians then it would be considered a far right party in todayââ¬â¢s political spectrum. Since its origins, the principles of socialism have evolved into many different forms of itself to make it compatible with society. There are many links to many differing forms of socialism both traditional and modern in todayââ¬â¢s Labour party. Democratic socialists i.e. Labour believe in Equality of opportunity this means that everyone has the same opportunities to maximise their potential and accomplish high positions in life no matter what their background or ethnicity, for example a labourerââ¬â¢s child can become a lawyer or politician if he/she desires and they will not be discriminated against. This is still one of Labourââ¬â¢s core values, therefore linking to traditional socialism. Another concept of democratic socialism is the redistribution of wealth an example of ââ¬ËNew Labourââ¬â¢ doing that is increasing the amount in social housing estates, or the introduction of the ââ¬Ëwindfall taxââ¬â¢ which raised ?5billion to set up the ââ¬ËNew Dealââ¬â¢ which helps the long term unemployed back to work through training and employment, thus giving opportunities to those who previously didnt have the skills to generate their own wealth. Traditional socialism wants radical constitutional reform e.g. democratise institutions such as the House of Lords. ââ¬ËNew Labourââ¬â¢ does want constitutional reform such as the de-centralisation of power and mild House of Lords reform e.g. it is elected not inherited. So therefore shows that Labour does still have socialist values.
Thursday, November 14, 2019
teenage wasteland Essay -- essays research papers
The Teenage Wasteland, why was it so good? Growing up in the recent generations is very challenging. Children at such young ages, even younger than teens have been faced with such perilous decisions. It is especially hard for teenagers to find acceptance at this point in their lives. Here is an instance that is so common in this day and age, yet this particular case is only fiction. A teenage boy named Donny has been going through a few changes in his appearance. His parents, Matt and Daisy, are somewhat disturbed yet they donââ¬â¢t say much to him. Then one day Daisy gets a call from Donnyââ¬â¢s school administrator and tells her that his grades are attitude are dropping scale. He eventually gets kicked out of private school and does poorly in public school. Daisy was concerned and decided to take advice from the school and psychologist to get help from a highly reputable tutor, Calvin Applebee. Instead of Donnyââ¬â¢s parents talking to their son they hire Cal, which tries to handle Donnyââ¬â¢s lack of emotion an d performance. Donnyââ¬â¢s performance didnââ¬â¢t change with Cal, at least in the school aspect, but Cal kept reassuring Daisy and Matt that it would change and to give it more time. In result, Donny runs away after being sent home because he was expelled for being caught with drugs in his locker and months later he still has not returned home. Who is to blame? Should Daisy and Matt been more disciplined on Donny? Well, in Anne Tylerââ¬â¢s short story the Teenage Wasteland this is just what happened. I really enjoyed this story because I feel it really focused on an issue that is so common in our generation. It was easy to read and was straight to the point. I especially enjoyed the role of the dumbfounded parents, Calââ¬â¢s cynical character, and in result of the all their foolishness, the action Donny resulted in taking. It was really funny to me to see how Donnyââ¬â¢s parents could be so oblivious to all that was happening to Donny. They were very good parents but didnââ¬â¢t but enough discipline on him. They instead let the school, the psychologist, and especially the Cal run the life of Donny. Daisy and Matt should never have given so much control to everyone else over their own son. Daisy tried helping Donny in school, even having to start supper late at times and spending less time around her other daughter. It wasnââ¬â¢t always pleasant because when Matt would come home she would... ...rââ¬â¢s story may not have been happy but it ended as more of a realistic matter. Maybe she decided to conclude the book with the disappearance of Donny to show some parents how important is truly is to communicate and love their children unless they want the same thing to happened to their children that Donny experienced. I really enjoyed ââ¬Å"Teenage Wastelandâ⬠because it displayed a topical issue some parents have actually faced in their lifetime. It was exceptional the way the story was wrapped up. Not that I donââ¬â¢t enjoy happy endings but I am more interested in reading stories that may be written in fiction but that I can actually relate to and imagine it happening. Anne Tyler displayed this real life situation through a fiction tale that has such valuable lessons to be learned. Donnyââ¬â¢s just a teenager who was going through a rough time in his life and just wanted to be loved and to love himself. It isnââ¬â¢t always happy the way children turn out but parents do make the difference and communication is a key to success. I feel Tyler displayed this quite clear in her short story so everyone could learn a lesson worth learning to prevent this astounding situation from happening to others.
Tuesday, November 12, 2019
Reading Is a Skill Essay
Reading is a necessary skill in your everyday life. We use it to discover new things; books, magazines and internet. It requires the ability to read and understand what is read. It is fundamental to function in todayââ¬â¢s society. If you donââ¬â¢t read well no matter who you are, you have a hard time in life. Reading is a vital skill in finding a job. In order to have a job, you need to know how to read mainly English. Reading is important because it develops the mind. The mind is a muscle, it needs exercise. Reading is necessary for men and women of all ages and it is used in everyday life. Reading is fundamental to function in todayââ¬â¢s society. Reading is used in everyday life; we read signs, instructions on a medicine bottle, and filling out applications. There are many adults who cannot read well enough to understand the instructions on a medicine bottle. Filling out applications becomes impossible without help. Reading road or warning signs is difficult. If you donââ¬â¢t know how to read you probably have a difficult life, you donââ¬â¢t understand things and becomes impossible without help. Itââ¬â¢s a scary thought that a fully grown man or women does not know how to read. Reading is a day-to-day activity; you do it all day, even when you donââ¬â¢t realize it. Reading is a vital skill in finding a good job. All jobs require you to read, it doesnââ¬â¢t matter what field or occupation youââ¬â¢re in, you have to know how to read. Many well-paying jobs require reading as a part of job performance. There are reports and memos which must be read and responded to. Poor reading skills increase the amount of time it takes to absorb the information and do the work. A person is limited in what they can accomplish without good reading and comprehension skills. Reading is important because it develops the mind. The mind is a muscle. It needs exercise. As you read, the written words make the mind grow. Teaching young children to read helps them develop their language skills. It also helps them learn to listen and understand. Reading develops the imagination unlike TVs and computer games can. With reading, a person can go anywhere in the worldâ⬠¦ or even out of it! They can be a king, queen, adventurer, anything! The possibilities are endless. Non-readers never experience these joys to the same extent, they have a harder life. All in all, I believe reading is an educational advancement. You need it to function in todayââ¬â¢s society, it is a vital skill in finding a good job, and it develops the mind. It is a way to broaden our knowledge and spark new ideas. It is a necessary skill and we use it everyday at all times. I donââ¬â¢t read a lot, but I believe that if I read more I would be one of the best . Reading helps you understand things clearer and better. Reading is necessary and is used in everyday life; adolescents, teens, and seniors have and will be using reading until the world is over. It will advance more and someone one day will find a better way to advance the reading field, making everyone shine and understand it better!
Sunday, November 10, 2019
Fedex External Environment
FedEx External Environment Audit 1. How is the industry structured? The industry is defined by NAICS as the logistics, transportation, and related business services. This is a very broad definition because it doesnââ¬â¢t define the main function of the business, which is express delivery and shipping that includes a wide range of services for both businesses and consumers. FedEx offers express delivery, ground, and freight shipping, in domestic and international markets. The most important dominant economic traits of the express delivery and shipping industry are: Market Size and Growth * The express delivery and shipping industry is $189B with a growth rate of 0. 1% globally. Although there has been a -2% decline in the industry in the U. S. , there is a tremendous amount of potential growth in the developing and international markets. The shipping services industry could be classified as being in the mature stage of the industry life cycle since the main focus is increasing mark et share and increasing cash flow. Future growth is dependent on the penetration and development of new markets. -Degree of Product Differentiation Companies within the industry are differentiated by price, the markets they serve, reliability, and speed. Smaller firms who serve local segments are differentiated by the custom and personalized level of service. Larger firms who serve the global segment are differentiated by price, guaranteed delivery, and service. Price is a major factor for e-commerce businesses relying on the price of shipping and delivery times. Prices for shipping smaller individual packages are similar, but companies who ship in high volume get a break. Although there is some loyalty, price is a determining factor for businesses. Scope of competitive rivalry/number of rivals * A few major players in the shipping industry dominate the world market. FedEx, UPS, DHL, and USPS hold 67% of the market share who ship worldwide and within the U. S. Larger firms have an a dvantage based on brand recognition and the wide range of services they offer. Penetrating into international markets with growing economies will create an opportunity for larger firms to grow. -Number of buyers * Demand for express deliveries is dependent upon the health of the global economy and the growth of e-commerce.As the economy grows, so does the demand for shipment of products to consumers and other businesses. As the economy slows down, so do the number of businesses using shipping and freight services to deliver products. During a recession, businesses shut down, and consumers stop spending buying products online, which directly effects the number of items being shipped. -Economies of scale * Larger firms tend to have more ââ¬Å"hubs,â⬠which are local sorting facilities for packages before reaching their final destinations, which creates efficiency in the delivery process, as well as reaching more locations that smaller companies cannot.Economies of scale also hel ps with various costs, such as fuel, which is a major cost in the shipping and freight industries. 2. What is competition like? What forces are at work? According to Porterââ¬â¢s 5-forces model, express delivery and shipping industry is very competitive. The five forces are listed in order from strongest to weakest. -Intensity of rivalry => Very Strong Intensity of rivalry among current competitors is extremely high to increase market share. The large firms, such as FedEx and UPS, must consistently compete in price, service, reliability, and implement new technologies to improve the efficiency of shipment.Cost of fuel has risen 6. 8% from 2011 which is the main operating expense in the industry and is difficult for firms to pass on the cost to the customers due to low switching costs. Margins remain low making it very competitive to maintain the volume of shipment and avoiding price wars. -Bargaining Power of Suppliers => Strong The main suppliers would be the oil companies who s upply fuel and the suppliers of human resources, which are the employees. Although these are not direct suppliers in the conventional sense, they do have a significant impact on the day-to-day functions.Global supplies and demands of fuel directly impact its cost, which is the main variable effecting margin of the industry. The human capital of its workforce directly affects the efficiency of its daily functions and the reliability that consumers depend on. Employees have power bargaining power by possibly going on strike which could bring deliveries to a halt. In that sense it, employees have a strong bargaining power and could demand higher pay, increase in benefits, and better working conditions. -Bargaining Power of Buyers => StrongLarge shipping companies depend more on businesses that use who ship products in high volume. The switching costs can be very little to practically nothing, causing the industry to lack brand loyalty. Customers can easily switch over to a competitor w ho offers service thatââ¬â¢s slightly cheaper or at a faster speed. Firms rely on businesses and e-commerce for their own industry to be profitable. -Threat of New Entrants => Weak Threat of new entrants is low. The cost of fixed assets to be competing in the industry is extremely high. It would cost billions of dollars to obtain the proper number of airplanes, trucks, and software.This would also require billions of dollars in fuel cost, maintenance, and human capital to operate properly. It would also be difficult for a new entrant to gain market share due to the high brand recognition of the industry leaders making it difficult to differentiate them in a substantial way. Even with economies of scale, profit margins are very narrow making it difficult to gain a profit. Distribution and number of ââ¬Å"hubsâ⬠would be difficult to match. -Threat of Substitutes => Weak There isnââ¬â¢t really a substitute that can take the place of physically moving products from one plac e to another.In the past, the internet has replaced mail and delivery for the transfer of documents and funds. Value- net analysis reveals various complements could help differentiate firms from one another. Additional services for businesses with marketing materials and packaging would help firms to increase business for their customers. In conclusion, this is an extremely competitive industry. Although there is no threat of substitutes for this type of service, it is a very difficult industry to profit and compete in. 3. What trends are driving changes in the industry? Trends that are causing changes in the industry are: Increased globalization of the industry (+) * Businesses are becoming more globalized and penetrating into international markets will be key to the growth of the industry. There is an increase of businesses in developing countries and there is an increase in e-commerce. -Increasing fuel cost (-) * Fuel is the biggest cost in the express delivery industry and many recent global supply problems have increased the costs. Political uprisings in the Middle East, and threats of war across the region affect supply. Major price fluctuations cut into profits. -Going green (+) Many countries and industries have been pushing the green efforts. Car and truck companies have been producing electric and hybrid vehicles that can significantly reduce the cost of fuel. The long-term savings will outweigh the short-term cost of replacing and updating vehicles to hybrids. -Increased competition and regulation in new markets (-) * Government owned express delivery service providers usually monopolize the industry in the country and can impose regulations to prevent private and foreign companies to do business, or even impose strict customs processes. -Businesses switching to online models (+) More businesses are switching to online models to reduce inventory and overhead costs. With the increase of the number of people with access to computers and the Internet, new markets are appearing with the ability to purchase online. Businesses have increased their online presence, and offer online purchasing and even mobile apps for convenience. This increases the number of shipments direct from warehouses to customers, and creates a dependence on shipping services. The trends are mostly positive suggesting that the future of the expressing shipping services industry is likely to increase, yet will be very competitive.
Thursday, November 7, 2019
Security Manager - Working with and leading people The WritePass Journal
Security Manager - Working with and leading people Task 1: Teamwork mini project Security Manager Working with and leading people ). I demonstrated a proper knowledge of the job role as well as presented specific skills in organising important job roles and responsibilities. Moreover, I illustrated adequate communication and teamwork skills that have contributed to the successful completion of the project. I was able to work with culturally diverse individuals and lead them accordingly (Sohmen, 2013). However, I could have done better in improving my knowledge of specific aspects of security policies, rules and regulations pertaining to the job position. I could have taken my time to explore each of these aspects in detail in order to provide a better understanding of the specificity of the profession, which could have helped me focus on selecting the right candidates (Adams et al., 2012). Although I believe I have good skills in assessing peopleââ¬â¢s potential in a particular field, I need to do more research on this topic to improve my own capacity of working with and leading culturally diverse individuals (Tiffan, 2014). I could have also improved my cultural awareness considering the highly diverse workforce of the educational institution. In conclusion, this task has been completed successfully because of the focus on teamwork at all stage of the process. Task 4: Discussion of the main financial statements of a company There are three key components involved in the financial statements of a company, which are a profit and loss statement, balance sheet, and cash flow statement. All the key components are used as a whole, to provide a clear picture of the financial position and financial results of a company (Parker, 2009). A structure designed for each of the financial statements is considered the most important element, though the influential decision depends on the requirements of the user. The key point supporting the importance of the profit and loss statement is that it is one of the most important financial statements and users like to observe the financial statements of a company, since it has the capability to help users or businesses generate profit by examining the over financial report (Buffett and Clark, 2008). In addition, the information inserted in the profit/loss statement is mostly released in the applicable currency, so it can provide a reasonable level of accuracy. Though, profit/ loss does not show the amount of assets and liabilities required by a company to generate a profit (Parker, 2009). Moreover, its financial results are not necessarily associated with the total cash flows generated by a company. The accuracy of this statement can be suspected when theà cash basicà of the accounting method is used. It is important to focus on ensuring accuracy as part of the broad purpose of accounting. Thus, the profit/loss statement, when utilised, can be fairly misleading. Balance sheet is expected to be positioned at a second place by many users, since it does not provide the financial results of business operations, and some of the information provided in it may be based on past business costs (Kalsyte and Verikas, 2013). This makes the balance sheet report less instructive or informative. However, the balance sheet is considered to have importance when compared with the profit/loss statement, since this sheet provides the amount of investment requirement to maintain the sales and profits shown on the profit/loss statement (Buffett and Clark, 2008). The third most important component of financial statement is cash flow, because it mainly focuses on recording cash inflows and outflows (Parker, 2009). This financial report provides a clearer analysis of a companys cash flows than the profit/loss statement, which can sometimes present unbiased results, particularly when accruals are authorised under theà growth basisà of accounting (Palea, 2014). It is essential to understand the concept of theà balance sheet, as it provides a companyââ¬â¢s financial situationà at any period of time, while aà profit/loss statementà provides a companyââ¬â¢s overall financial performanceà within a set period of time. The profit/loss statement normally shows a companyââ¬â¢s financial performance over a period, such as being released every year or after six months (Parker, 2009). On the other hand, the balance sheet gives a snap shot of the financial position accurately at the year-end or month-end.à Finance managers rely on the balance sheet statements to examine whether purchasing certain equipment on debt is the right choice for a company at that time (Palea, 2014). The balance sheet also provides the owners equity; for instance, it indicates the total value of the inventory and the number of a companyââ¬â¢s shares identified as outstanding. The profit/loss statement is one of the most important documents because it plays a significant role in a companyââ¬â¢sà decision making process. The profit/loss statement is an end result of the financial information that is provided in theà journals and ledgers,à and then changedà into brief, summarised, compiledà revenue and expenseà structures (Bao, Li, Wu, Zhu et al., 2014). This statement shows the overall revenues and expenses of a company for a set period of time. Senior managers and shareholders can find prosperity of valuable information on the profit/loss statement including the companyââ¬â¢s overall sales,à profits, retained earnings, net profits, and operating earnings. From this information, finance experts can determine and distinguish vital information about a companyââ¬â¢s performance. Profit/loss statements usually give information for more than one period, for example two successive years (Buffett and Clark, 2008). It is simple to compare the financial results from one period to the next and conclude trends in earnings and expenditures. Whereas, cash flow statement is considered to be the most crucial element for any enterpriseââ¬â¢s financial performance. It calculates the amount of capital that enters into a company and out of it over a specified time period. In this way, an enterprise is able to analyse and control how much capital it has in inflow to pay expenses and purchase assets. There is a difference existing in the structure of financial statements (profit/loss statement and balance sheet) for different types of business, such as sole trader, partnership and private/public limited company. Each company has different financial and economical positions so they use different financial statements with different structures that satisfy their financial positions (Bao et al., 2014). The financial statements gather the financial information from the sales and services provided and include the net taxable profit or loss for each month. Different types of business use different structures. For a sole proprietor, the financial statement is easy and simple because the financial report is just provided for the proprietor of the company. This means that it does not have to provide any balance sheet and profit/loss statement (Parker, 2009).à The report just needs to provide or to show profit and loss financial information, whereas a private limited and public limited c ompany, which has to organise itsââ¬â¢ report based on accounting standards. There are two types mostly used by companies: international financial reporting standard (IFRS) and generally accepted accounting principle (GAAP). If financial statements are not structured based on standards it is complicated to evaluate and compare performance with that of other companies. For a partnership, the financial structure is focused on providing the profit/dividend and total contribution by partners in the investment capital of a company (Ronen, 2006). The objective of the financial statement is revealed in the balance sheet, profit/loss, cash flow and loss statement. When creating financial statements, the profit/loss statement would typically be structured first because the net profit or loss becomes a part of the statement in the balance sheet, or in a partnersââ¬â¢ capital. Moreover, the end of a partnerââ¬â¢s capital statement becomes a part of the balance sheet (Parker, 2009). The financial statement is focused on examining the total capital and profits of a company that are distributed inside its structure. For a public and private limited company, the financial statement must provide the following components: current assets, non-current assets, current liabilities, total sales, total profits, payable, dividends, and share prices (Ronen, 2006). References Adams, B. L., Cain, H. R. and Giraud, V. (2012). ââ¬ËLeadership, Motivation, and Teamwork Behaviors of Principal Investigatorââ¬â¢s in Interdisciplinary Teams: A Synthesis of Researchââ¬â¢. Journal of Leadership Education, vol. 11(2), pp. 176-191.Bao, C., Li, J., Wu, D., Zhu, X., Liang, C. and Liu, C. (2014). ââ¬ËOptimization of Integrated Risk in Commercial Banking Based on Financial Statementsââ¬â¢. Procedia Computer Science, vol. 31, pp. 501-510.Buffett, M. and Clark, D. (2008). Warren Buffett and the Interpretation of Financial Statements: The Search for the Company with a Durable Competitive Advantage. New York: Scribner. Kalsyte, Z. And Verikas, A. (2013). ââ¬ËA Novel Approach to Exploring Companyââ¬â¢s Financial Soundness: Investorââ¬â¢s Perspectiveââ¬â¢. Expert Systems with Applications, vol. 40(13), pp. 5085-5092. Pacios, A. R. and de la Fuente, G. (2013). ââ¬ËTeamwork and Leadership in a Virtual Learning Environmentââ¬â¢. RUSC: Revista de Universidad y Sociedad del Conocimiento, vol. 10(2), pp. 358-374. Palea, V. (2014). ââ¬ËAre IFRS Value-Relevant for Separate Financial Statements? Evidence from the Italian Stock Marketââ¬â¢. Journal of International Accounting, Auditing and Taxation, vol. 23(1), pp. 1-17. Parker, R. H. (2009). Understanding Company Financial Statements. New York: Penguin Books. Reevy, G. M., Chamberlain, C. J. and Stein, J. (2013). ââ¬ËIdentifying Collaboration, Teamwork, and Leadership Practices on Campusââ¬â¢. Currents in Teaching Learning, vol. 6(1), pp. 4-17. Ronen, J. (2006). ââ¬ËA Proposed Corporate Governance Reform: Financial Statements Insuranceââ¬â¢. Journal of Engineering and Technology Management, vol. 23, pp. 130-146. Sohmen, V. S. (2013). ââ¬ËLeadership and Teamwork: Two Sides of the Same Coinââ¬â¢. Journal of Information Technology Economic Development, vol. 4(2), pp. 1-18. Stupans, I. (2013). ââ¬ËDevelopment of Contemporary Leadership Capacity through Teamwork in an Online Environment: A Pilot Studyââ¬â¢. International Journal of Teaching Learning in Higher Education, vol. 25(2), pp. 262-268. Tiffan, B. (2014). ââ¬ËThe Art of Team Leadershipââ¬â¢. Journal of Health-System Pharmacy, vol. 15, pp. 799-801.
Tuesday, November 5, 2019
The Number of Countries in the World
The Number of Countries in the World The answer to the seemingly simple geographical question of How many countries are there? is that it depends on whos doing the counting. The United Nations, for example, recognizes 241 countries and territories. The United States, however, officially recognizes fewer than 200 nations. Ultimately, the best answer is that there are 196 countries in the world. Heres why. United Nations Member States There are 193 member states in the United Nations. This total is often cited inaccurately as the actual number of countries in the world; its inaccurate because there are two other members with limited status. Both the Vatican (officially known as the Holy See), which is an independent nation, and the Palestinian Authority, which is a quasi-governmental body, have been granted permanent observer status at the United Nations. These two entities can take part in all official UN activities but cannot cast votes in the General Assembly. Likewise, some nations or regions of the world have declared their independence and are recognized by a majority of UN member states yet are not part of the United Nations. Kosovo, a region of Serbia that declared independence in 2008, is one such example.à Nations Recognized by the United States The United States officially recognizes other nations through the State Department. As of May 2018, the State Department recognizedà 195 independent countries around the world. This list reflects the political agenda of the United States of America and its allies. Unlike the United Nations, the United States maintains full diplomatic relations with Kosovo and the Vatican. However, one nation is missing from the State Departments list that should be on it. The Nation That Isnt The island of Taiwan, formally known as the Republic of China, meets the requirements for an independent country or state status. However, all but a handful of nations refuse to recognize Taiwan as an independent nation. The political reasons for this date back to the late 1940s, when the Republic of China was ousted from mainland China by Mao Tse Tungs communist rebels and ROC leaders fled to Taiwan. The communist Peoples Republic of China maintains that it has authority over Taiwan, and relations between the island and mainland have been strained. Taiwan was actually a member of the United Nations (and even the Security Council) until 1971 when mainland China replaced Taiwan in the organization. Taiwan, which has the worlds 29th-largest economy, continues to press for full recognition by others. But China, with its growing economic, military, and political clout, has largely been able to shape the dialogue on this issue. As a result, Taiwan cannot fly its flag at international events such as the Olympics and must be referred to as Chinese Taipei in some diplomatic situations. Territories, Colonies, and Other Non-Nations Dozens of territories and colonies are sometimes erroneously called countries but dont count because theyre governed by other countries. Places commonly confused as being countries include Puerto Rico, Bermuda, Greenland, Palestine, and Western Sahara. The components of the United Kingdom (Northern Ireland, Scotland, Wales, and England) areà not fully independent countries, either, though they do enjoy a degree of autonomy. When dependent territories are included, the United Nations recognizes a total of 241 countries and territories.à So How Many Countries Are There? If you use the U.S. State Departments list of recognized nations and also include Taiwan, there areà 196 countries in the world. The same number is reached if you count the UN voting members, its two permanent observers, and Taiwan. This is why 196 is probably the best current answer to the question.
Sunday, November 3, 2019
Management of the Natural Resources by the Government of Botswana Dissertation
Management of the Natural Resources by the Government of Botswana - Dissertation Example This research will begin with the statement that despite initial success, that took place just when the post-colonial era started in African continent during the 1960ââ¬â¢s and 1970ââ¬â¢s, in the modern context, Africa is on an on economic downslope where poverty and hunger is persistently increasing in many of its States, with a universally accepted pessimism regarding its future economic prospects Various reports show that the general Sub-Saharan countries are turning poorer at a faster rate, than any low-income country worldwide. The average economic growth rate has been persistently in the negative from round 1965, with an average 35-times difference in the US and the African per-capita income level. However, amidst this depressing picture of low economic growth one African country has performed better than any other nation in the world, in the span of the last 35 years, which is Botswana. Botswana ââ¬Å"had a PPP-adjusted income per capita of $5,796 in 1998, almost four t imes the African average, and between 1965 and 1998, it grew at an annual rate of 7.7 percentâ⬠. In 2002, we find that Botswana ââ¬Å"exported some US$ 2 billion of diamonds, nickel, copper, gold, and other resourcesââ¬âover 80 percent of its total exportsâ⬠. The presence of diamonds had significantly backed Botswanaââ¬â¢s strong economic growth, until the late 1990s, after which the average growth rate has fallen slightly owing to the recent diversification of the economy, where we find Botswana is now not dependent purely on the revenues that are earned from its natural resources.It is a general belief that economies that are wholly dependent on natural resources, tend to have a slow economic growth, which is often referred to as the ââ¬Å"resource curse.â⬠Botswana, however, did not have a favorable start right after its independence and was considered a poor country with little chances of elevation in their economic conditions. It is here that diamonds ha ve played an important role and currently account for almost 40 % of the country's natural resource output. Even though we find that Botswana had in the past experienced strong growth owing to its rich natural resources, however such growth, as predicted by many economists, is not sustainable on a long-term basis. This is owing to the fact that the mining industry does not offer too many job opportunities. Figures show that in Botswana while the mining sector contributed almost 40 % to the total national GDP, it created only around 4 % employment opportunities. The present economic diversification has already started showing a negative impact on the national economy, and it is as Iimi framed it ââ¬Å"specific and intensified capital investment in the primary sector has restrained Botswana from benefiting from forward and backward linkages and labor market externalitiesâ⬠. Besides this factor, it has been contended by many experts that geographical location where a country is f ar from the sea, makes it difficult to create the strong economy that is based only on the abundant natural resources. Products from the natural resources are generally exported to other countries by the sea route, thus leading to very high shipping charges. A look at the African resource-rich countries will show us many of them are landlocked, including Botswana. Almost all experts universally acknowledge the fact that Botswana achieved this unprecedented economic growth and development by adopting effective management policies, and with a stable basic legal system that functioned reasonably well.ââ¬Å"
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