Just Business Report Essay Example for Free

Just Business Report Essay Reading the book â€Å"Just Business† by Alexander Hill, it was very interesting to go through the topic of Christian ethics for business. Looking at different scenarios that managers have to confront and it shows how nerve-wracking, heart wrenching and also guilt producing that it could be. The definition of ethics is the study of â€Å"should† and of doing the â€Å"right thing.† The three main characteristics that were presented and emphasized in the Bible: God is holy. God is just. God is love. Hill also talked about integrity, fairness and compassion that mirror holiness, justice and love. I loved how Hill supports his points by having Bible verses. For example he writes the â€Å"salt and light† of the world (Matthew 5:13-16) is the third force for good. I agree with many of the points Hill says such as â€Å"we cannot serve two masters at the same time† (Matthew 6:24) and it specifies that we cannot serve both God and money. They were also talking about justice procedural rights that focus on fair processes in decision-making. Substantive rights are what procedural rights seek to protect. Merit links the concepts of cause and effect. Contractual justice is limited to three duties; we must not violate a negative injunction by causing harm to others, we must respect procedural justice and we must fulfill our contractual promises (Hill 46). Love is a universal word and many would consider it to be â€Å"the centerpiece of Christian ethics† (Hill 53). Love includes empathy, mercy and self-sacrifice. Empathizing with others would include by celebrating with their triumphs and shouldering their pain. Mercy is quite hard to do because it takes action on their behalf and takes initiative in forgiving. In my experience, there are times when I do have trouble forgiving people, yet God gave me the strength to forgive the person. This will probably come up more often while taking care of business. He also shows visuals such as the tables and drawings that make it easier to get the gist of what he was talking about. Part Two – False Exits This addresses â€Å"Dual Morality†, â€Å"Law†, and â€Å"Agency† which they are known as false exits â€Å"because they deposit ultimate ethical authority in human instrumentalities – business culture, government and corporate government – rather than in God’s character† (Hill 67). Dual morality â€Å"rejects the notion that universal principles of right and wrong exist† (Hill 69). It also helps me have a visual when he shows examples of CEOs and what kind of decisions they have to make and what would be the ethical thing to do. Law is another false exits, when one presumes that if an action is legal, it is still morally acceptable as well. There are times when there are many people just follow the law and assume that the law is right and the ethical way. There are flaws in the system and Hill shows a diagram in page 98, figure 6.1 illustrates the tension. Acts that are both ethical and legal Ethics - Acts that are unethical but legal Law - Acts that are both illegal and unethical Agency is the third false exit that talks about the problems that arises when the values of the employee diverge from those of the employer. It was intriguing to learn about the legalistic purist, the accommodating purist. These few chapters opened my eyes to see what kind of false exits that people use in the business world. Now I am aware of what people could use as false exits. Part Three – Topics Honesty and Deception is more common in the business environment but it is quite difficult concepts to apply. Honesty â€Å"builds trust, establishes community and protects the dignity of the audience† (Hill 125), which allows partners to rely on each other and fosters community and respects each one’s dignity. He also talks about deception and how justice condemns deception and it could lead to disaster and consequences. No right to hear the truth, exaggeration, and ambiguity are more deceptions that people use in the business environment. The other topics that were discussed were: Concealment and disclosure; Employer-Employee Relations; Employee Rights; Discrimination and Affirmative Action; the Environment and Property. The topic that stood out to me was the Environment because I have learned about different ethical views such as the anthropocentric view and the biocentric view 1 and 2. Hill also explains what the Role of Business is that even â€Å"scripture makes it clear that our task is to responsibly steward God’s creation in the hear and now† (228) and there are times that one would have to make difficult decisions. These topics have given me a new perspective towards business. Overall, â€Å"Just Business,† by Alexander Hill, was an outstanding book to read especially when one is planning to go into the field of business. It was interesting to see how business runs with the combination of Christian ethics. I would highly recommend for other students to read this especially if they are looking into business. It was a great opportunity to read what it is like to be ethical in the business world, in comparison, to what it is like to be not ethical in the business world. References Hill, Alexander (2008). Just Business: Christian Ethics for the Marketplace. Downers Grove, IL: InterVarsity Press.

Humorous Best Man Speech - The Groom’s Life Story :: Wedding Toasts Roasts Speeches

Humorous Best Man Speech - The Groom’s Life Story Good afternoon ladies and gentlemen. It’s surprising just how far some people are prepared to travel for a free lunch. It’s a good job the groom didn't choose the menu, otherwise we would have had penut-butter sandwiches washed down with beer. Firstly, I have a feet messages to read out.(read telegrams etc.) As Bill Clinton said to each of his girlfriends, I wont keep you long. I’d like to begin by thanking the groom for asking me to be best man. I would also like to thank the bride for allowing him to ask me. The groom has a splendid set of friends, and to be nominated from such esteemed company is without doubt a great honor. Thanks also to the ushers, friends, and family who have all helped to make this day so special. (To the bride) You make a fine bride and look beautiful and radiant. I couldn't help but notice the groom swell with pride when he saw you walking clown the aisle in that dress. (To the groom) You are indeed a lucky man, you have married someone who is attractive, warm, loving and caring. A wife who will be all you could ever wish for and more. (To the bride) You have married someone who is: handsome, witty, intelligent, charming, good looking... (To the groom) Sorry, I'm having trouble reading your writing. When the groom asked me to be his best man, I consulted the Internet for help. I discovered that the job is essentially comprised of four main tasks: 1. Organize the stag party (bachelor party) - perhaps you could tell us again how you burst the inflatable sheep. 2. Help the groom dress (at last I found out where the G-string from Dublin went.) 3. See that all ex-girlfriends are kept at bay (quite a task as most of them have been released under care in the community.) 4. Make a speech. I thought it was going to be tough following a speech by the groom and I was right, I couldn't understand a single word he said. I did find a lot of other interesting things on the Internet but I wont go into that now. I met the groom over ten years ago, and I often wonder what it would be like if I didn't have him as a friend. Sometimes the smile lasts for days.

The Tipping Point

In the novel, The Tipping Point, by Malcolm Gladwell epidemics are meant to include smoking, crime and even Hush Puppies. People you know can spread social or medical epidemics. Epidemic: Spreading rapidly and extensively by infection and affecting many individuals in an area or a population at the same time. In the novel, The Tipping Point, by Malcolm Gladwell he explains many epidemics that have effected everyone in one way or another. For example, Hush Puppies, teenage smoking, and crime in cities.It is said that there are three people involved in the spread of many epidemics. These people are mavens, salesmen, and connectors. Mavens are people who live to learn. Maven comes from the Yiddish, it means one who accumulates knowledge. (60) It is said that mavens are â€Å"obsessed† with getting the best deal on items. Also involved in spreading an epidemic is a â€Å"salesman. † This person has the skills to persuade other people that are unconvinced of the idea we are hearing. (70) The last and most commonly heard is a connector.A connector is one person who knows a wide range of people. â€Å"Sprinkled amount every walk of life, in other words, are a handful of people with a truly extraordinary knack of making friends and acquaintances. They are Connectors. † (41) Two significant men in the novel are Bernard Goetz, and Roger Horchow. Horchow is described as a Connector, whereas Goetz would be considered a salesman. A Successful business man in the area of Dallas, Roger Horchow is a prime example of a connector. Horchow has backed popular Broadway plays such as Les Miserables and Phantom of the Opera.Horchow had scored a 98 on a list of randomly selected names from a Manhattan phonebook, the average score was not that high. What makes him know so many people? He told Gladwell, that he was not using his range of people as a business strategy, and he did not consider it a collection (43) but for him to know. Horchow has the memory to remembe r the little boys he played with when he young. Remembering every name, and address of the person. (44) When in the business world you meet many different people.If you are a true business man and this person you have met would help you succeed, one would remember them. I know many connectors that are in my life, but when writing this one comes into mind. Phil Marcario, or as me and my friends had come to know him, Uncle Phil. He owns a restaurant that is known by many. Uncle Phil moves around a lot, from Cutchogue, to Wading River, to Rocky Point, and now to Jamesport, and Florida. Holidays and occasions as he talks about the people he knows, I constantly ask him â€Å"How do you know so many people†. He simply answers, â€Å"People owe me a lot of favors. That could be the Italian in him speaking, but after reading the Tipping Point, I often wonder if he is a connector and has started epidemics. â€Å"Perhaps it is best to call the Connector impulse simply that- an impuls e, just one of the many personality traits that distinguish one human being from another. † (46) December, 22 1984, something unthinkable happened on a subway in New York City. Bernard Goetz shot four young boys who were attempting to mug Goetz. (134) Some would say he was asking to be mugged by sitting next to the boys when the car was completely empty.But was he demonstrating something to the other subway goers? This man was considered a hero by many. He had shown people that there is a way to stop being mugged, although it was violent and illegal. Illegal and ungodly, sure, but the city's crime rate reached â€Å"epidemic proportions. † (135) Murders had now seem to drop by two thirds of what they had been. A salesmen is someone who persuades and convinces other people to buy, or believe something. How is Goetz a salesmen? He sold the idea that there is a way of lower the crime in New York City. This shooting open doors for subways. The Graffiti was symbolic of the c ollapse of the system. † (142) Soon enough the subway companies brought in David Gunn to help with this problem. Every night the cars would be painted over covering the fresh graffiti that youths had done. No car that was dirty would be used on the tracks. A salesman makes emotional sense of an idea or an object. (200) A salesman convinces the unconvinced, and teaches the uneducated. Goetz taught New York City officials about the crime in a violent matter, but both my mother and Goetz taught a person, or a while city by doing.Connecters, Mavens, and Salesman fall into one of the three laws that were described in the book The law of the Few. This law says that those three categories of people are the ones responsible for spreading epidemics. So if one were ever thinking of spreading a word-of-mouth epidemic, you would want them to be your prime resource. (256) Roger Horchow and Bernard Goetz two men who had spread or had the ability to spread epidemics make you think that there are many people close to you that can too spread social and public epidemics.

Compare two cultures using two sociological...

Joseph Burrows: 17/10/2014 Compare culture and social organisation in any two societies, making reference to at least two different sociological theories and key concepts associated with them. Within every society, and every community or settlement across the globe, there is undoubtedly one thing that they have in common; we identify this as ‘culture’. â€Å"Culture is a design for living† (Clyde Kluckhohn, cited in Halambros et al, 2013: 5), it describes the norms, values, beliefs, and practises of a people. The economic base and division of labour, political structure, religion, and strata of the Nama Tribe†¦show more content†¦In contrast, England is an individualist society promoting self-reliance and independence and was referred to by Edmund Adamus as a; ‘selfish and hedonistic wasteland’ (Telegraph, 2014). This relates to the theory of social mobility, and is again intertwined in capitalism. The political structure is a representative democracy, which in contrast to the Nama communities involves the option for the population voting for a party who’ll make decisions on their behalf; the majority vote will determine who is awarded power for a period of four years. Often the party in power will make decisions that, due to the nature of representative democracy, have not been made on a formed consensus, these decisions can be made in favour of the upper classes or the wealthy, neglecting the needs of the poor, this ties in with Marx’ theory of class struggle and could be seen as Oligarchy. In England social stratification is more complex than that of the Nama, and can be identified by a class system. In the epoch of Queen Victoria (1837-1901) - the times of the industrial revolution and The Communist Manifesto - England was believed to have a ‘functionalist’ (Durkheim) class system operating very much like that of a beehive, where all had their role. The class system arguably still resides, and is simplified to Upper, Middle, and Working class. This social stratum is generally identified by income. The Nama are a homogenous, mono cultural people. Although they have, overShow MoreRelatedBody Ritual Among the Nacirema948 Words   |  4 Pagessatire in his article â€Å"Body Ritual among the Nacirema.† to the culture of the American people. Several ways in which â€Å"Body Ritual among the Nacirema† relate to the core concepts of sociology are through the use of sociological imagination, ethnocentrism and cultural relativism. The American culture is described by Minor in a very unique and humorous way. The author uses satire to examine the rituals that are every day in American culture. The reader thinks at the beginning of the article that theyRead MoreCompare the Functionalist and Marxist Perspective on Society1104 Words   |  5 PagesCOMPARE THE FUNCTIONALIST AND MARXIST PERSPECTIVE ON SOCIETY INTRODUCTION â€Å"Lotto a ticket to your dreams† Vote Lucky Five and give yourself a chance fi step up inna life†. These slogans represent the societal belief of the Jamaican people that there are means by which one individual can move from one stratum of the Jamaican society to another. In some societies ones position in society is ascribed and fixed as in many Asian societies. These systems reinforce the idea of inequality and social changeRead MoreSociological Research On Social And Class Differences1349 Words   |  6 Pages Various statistical techniques are used in sociological research in order to study the social world. These may include measures to describe data dispersion, as well as analytical methods such as latent class analysis. Each technique can provide distinct approaches to answering a research question, as they may emphasize specific factors or lead to different ways to structure results. Consequently, it becomes particularly important to consider one’s ch oice of measures and methods, as depending onRead MoreThe Philosophy of Erich Fromm1123 Words   |  5 Pagesthe culmination of his strive to find and explain the purpose of human life. He perceived our existence as being driven by either the having or the being mode and explained this idea by using psychological finds merged with sociological evidence. To Fromm, the two modes of existence are inherent to our nature. The two conflicting strives – desire to possess and desire to unite with others – are both present in us. Humans do possess some purely biological desires, but at the same time they have theRead MoreCulture and Frog Legs Essay688 Words   |  3 Pagesokay; eating ants is disgusting, and eating dogs, cats, and monkey brains is downright repugnant. How would you apply the concepts of ethnocentrism and cultural relativism to your perception of these customs? Using your textbook and additional resources, write a two - three page paper addressing the issues of cultural diversity and diet. Be certain to use all three major sociological theories - functionalism, conflict theory, and interactionism - in your analysis as well as the terms ethnocentrism andRead MoreThe Sociological Imagination Of Our Everyday Lives1562 Words   |  7 PagesIn order to make sense of the purpose of our everyday lives and our place in society, humans participate in a concept called the sociological imagination. This concept enables a person to â€Å"understand the larger historical scene in terms of its meaning for the inner life and the external career of a variety of individuals†(Mills, The Sociological Imagination). When applying the sociological imagination to my own experiences, I am able to locate myself society, particularly the larger structures ofRead MoreDiscuss Marxism and Functuionalism and Compare1133 Words   |  5 PagesCompare Marxist an d Functionalist Perspectives Compare and Contrast Functionalist and Marxist Perspectives Sociology is a systematic way of studying the social world. It seeks to discover the causes and affects of intercommunication and interaction that arise in social relations. The science of society was developed as a discipline in the 19th Century by Auguste Compte, a French philosopher. For him, common sense and the obvious would not suffice; he wanted to build scientific theories basedRead MoreCompare and Contrast Functionalist and Marxist Theories of Stratification.1537 Words   |  7 PagesCompare and Contrast Functionalist and Marxist Theories of Stratification Stratification is the separation of society into layers which are distinguished by unequal rewards and life chances and many systems of stratification have been based on slavery, caste and feudalism. Slavery, being the oldest and most extreme form of stratification, involves the enslavement or ownership of others. This ownership came about as a result of conquest, trade, kidnapping, hereditary status or the repayment ofRead MoreSociological Perspectives Of Functionalism, Conflict Theory, And Symbolic Interactionism900 Words   |  4 PagesExplain the three major sociological perspectives of functionalism, conflict theory, and symbolic interactionism. Identify which perspectives use a macro level or a micro level of analysis. Apply each perspective to socialization. Functionalism – Macro Level – This means that each person has a specific function and that each society works together to achieve what is best. For example, my 2 boys attend a public school. The school is funded by taxes I pay as well as neighbors who do not have any childrenRead MoreThe Sociological Approach And The Second Being The Non Psychoanalytical Approach1908 Words   |  8 PagesIntroduction to sociology There are two approaches to studying human behaviour; one is the sociological approach and the second being the non-sociological approach. An example of a non-sociological approach would be to state that all Muslims are terrorists. This approach simply uses common sense and stereotypical assumptions/generalisations which have not been tested to be true and most of the time when tested these turn out to be false. On the other hand there’s a sociological approach which is quite the

I am Alzheimers - Free Essay Example

Sample details Pages: 5 Words: 1604 Downloads: 7 Date added: 2019/04/12 Category Medicine Essay Level High school Tags: Alzheimer's Disease Essay Did you like this example? My name is Alzheimers. I live in Janes brain. She has been dealing with me for a few years now; Ive slowly been growing stronger and stronger as the years have passed. But Ive finally made my presence known, and Janes life is about to change forever. My technical name is Alzheimers Disease. I am a sort of sub-category of an even greater brain disease called dementia. I was named after the famous Alois Alzheimer, a German psychologist. Alois worked alongside fellow psychiatrist Emil Kraeplin back in 1906 to identify different cases of dementia. Eventually with the publishing of his book, Kraeplin officially deemed a type of dementia to be called Alzheimers disease. Don’t waste time! Our writers will create an original "I am Alzheimers" essay for you Create order I do not want to brag or anything, but I am the most common form of dementia. Speaking in scientific terms, dementia is considered a general term for a decline in mental ability severe enough to interfere with daily life, (Alzheimers Association 2017) and I promise you that is extremely true. As I said before, dementia is not one specific mental disease; it refers to an overall term that describes a bunch of different symptoms, the best being me! What do I do you ask? I affect memory and behavior. I am a progressive disease, meaning I significantly get more powerful as the body ages; but please do not mistake me for a disease of old age. Now stick with me here, this is where my power over the brain gets a little confusing. In a body that I have infected, the acetylcholine-releasing neurons within the brain undergo a process called selective degenerating. Acetylcholine is the most widely spread neurotransmitter within both the central and peripheral nervous systems. It is responsible for the stimulation of muscle contractions and behavior. It is also required specifically for memory and cognitive function, including motor control. With that being said, I cause the neurons that release acetylcholine to deteriorate preventing the body from obtaining it. In a brain that I have inhabited, these so called scientists have been able detect the main/prominent abnormalities I cause. Because of me, Janes brain has two abnormalities: plaques and tangles. Plaques are clumps of beta-amyloid which are protein fragments that cause the destruction of the synapses of neurons and lead to nerve cell death. Tangles are basically knots of brain cells that also interfere with the brain tissues ability to transmit nervous messages. I was able to live within her brain undetected for a while, at least up until she started showing very noticeable symptoms; I guess I am just that powerful. I have the power to cause brain cells to lose ability to make connections that transmit information in regards to memory, learning and communication. (Alzheimers Association 2017) I also significantly hinder the bodys ability to undergo glutamatergic neurotransmission. Glutamate is a powerful excitatory neurotransmitter within the brain that is responsible for sending sig nals between nerve cells, and plays an important roll in learning and memory. (Campos-Pea, et al.,2014) These symptoms are mild in my early stages, for example mild memory loss. But again, as time passes, I become stronger and symptoms worsen. Jane is 74 years old, and has finally reached a moderate stage. She has had some memory loss, poor judgment in certain situations, and what I think is the funniest part, continuously loses things which her husband always finds in the strangest places. I dont normally infect-and-tell, but typically in the past when Ive become even stronger, people I have infected become extremely forgetful of their surroundings and lose the ability to carry a normal conversation. While Janes exercise and dieting history are definitely qualities that I look for in a body, there are actually three main reasons why I might inhabit a body. Although I am not a disease of old age, those who are older in age are at greater risk for developing me. I dont want to start any trouble, but you can even blame your family history. The risk of developing me is even greater if family members, especially more than one, has it. This is because heredity and environmental factors play a considerable role in whether I decide to show up. There are two different types of genes that determine whether I can inhabit a body: risk genes and deterministic genes. Risk genes increase the chances of developing any type of disease, but dont actually guarantee that it will happen. The deterministic genes are what gets you. These types of genes guarantee that any person who inherits them will develop some sort of disorder. But those that determine whether or not Im coming are rare, and typicall y cause symptoms to show in a person in their early 40s to mid-50s. As I said before, those scientists can be a real pain in my Alz. Theyve actually found ways to find me through new technological advances, such as the Alzheimers Disease Assessment Scale. This scale quantifies the severity of those with symptoms of Alzheimers, including cognitive and noncognitive behavioral dysfunctions, can you believe that? From what Ive heard, these scale ratings have determined that those that I have infected had more prevalent cognitive and noncognitive dysfunction that those without me. (Rosen Ph.D, Wilma G., et al. 2006) If you thought that was bad, there is a similar scale that has been used in the past called the Clinical Dementia Rating (CRD). Apparently, the CRD is a numerical scale that measures the severity of the symptoms of dementia, with the ability to read people that range from healthy to severely impaired. (Hughes, C. P. et al. 1982) Unfortunately, I cannot be passed along through direct contact which would totally make my life easier. (Kwon 2015) However I can tell you that maternal and or paternal transmission is extremely possible according to certain studies. What most people dont know is that because women typically have longer lifespans than men, we can assume that the amount of women with dementia is way higher than in men; I guess you can call me a ladies man (or disease rather), am I right? (Lindsay, J Anderson, L. 2004) According to the scientists, there have been genetic epidemiological studies that observe whether or not my spread through maternal or paternal transmission is more likely. Oddly enough, while no evidence actually suggests that I can be passed through maternal inheritance, and I swear I was not making all that up before, there is significant evidence indicating increased paternal transmission. (Ehrenkrants et al. 1999) Doctors may think that they have me beat, but I am so much bigger than what they can handle. There is NO way to cure me. Again, I am a progressive disease and continue to get worse as time goes on. They are trying to destroy me though; they have been giving Jane these treatments that slow down my progression. Apparently, this FDA organization has approved two different types of medications which include cholinesterase inhibitors and memantine which are used to treat memory loss, confusion, and other cognitive dysfunctions. Jane has been given the Cholinesterase inhibitor which used against my early to moderate stages. It prevents the deterioration of acetylcholine which again is important for learning and memory. Just when I thought we were moving forward, the doctors go ahead and slow down all my progress! This medication increases the levels of acetylcholine, which is actually the exact opposite pf what I have been trying to do. The other medication, which Jane will eventually have to take, Memantine, is used against moderate to severe stages and regulates glutamate activity which is important for information processing and storage. It will eventually help to improve Jills ability to function normally and participate in average daily activities. Its like I can never win. I will not lie to you; I am very confident in my future. Even with all the bodies that I have inhabited, doctors still have not been able to catch on. They can tell their patients all they want to do all of these preventative things in hopes that they will not develop me. People think that taking anti-aging pills, training your brain with brain games, and even drinking red wine are the keys to prevention. But justice always prevails, and so will I. According so my sources, the National Alzheimers Project Act (2010) was established as a goal to find a cure from Alzheimers disease by the year 2025. But lets be real here. I am just way too high maintenance for researchers to even afford. They will need about $2 billion dollars annually just to meet this goal, which is highly unlikely. Although some may say that even without proper funding the path to finding highly effective treatments is picking up the pace, I dont buy it. Because Jane has been given medication that will slow down the progress I have made, she has been able to improve her ability to function normally and participate in average daily activities. But we know that Jane has a poor exercise and health regime, so she probably will not live for much longer. Jane is now 78 years, old and has reached a more severe stage; the majority of her cognitive function has gone. Her brain will continue to deteriorate, and she will eventually reach an extreme advanced stage where she will have little to no cognitive function and will be unable to function on her own. Jane is far beyond these preventative stages. At this point there is nothing she can do. I am sure she will continue to confide in her doctors, but pretty soon her mind will have completely gone. I am confident that I will not be stopped. I am ultimately, undefeatable.

Health Inequalities And Universal Health Care - 1259 Words

Dawit Zena Soc 125 Professor Uros Petrovic 02 Dec, 2014 Health Inequalities in US and Universal Health Care as a Solution Health inequality is one of the social inequalities that may cost the lives of people unless backed by corrective policies. Universal health care is one of those tools by which we correct disparities in health care utilization and insure the health of the fellow citizens. World health Organization (WHO) defined Universal health care, also universal health coverage as â€Å"a specific type of health care coverage of all people regardless of their income, age, race pre-existing illness, gender or wealth†. In other terms, it is ensuring health care utilization of all legal residents (World Health Organization, 2013). I am a premed student at the University of Kansas and it has always been my passion to care about ill people, especially to those people who cannot afford their own treatment or cannot afford to have a health insurance. I love contributing to the team effort in bringing out the best of myself and my teammates for fulfilling equality in the healthcare provision. This high interest of me to resolve the healthcare inequality problems that is seen explicitly in the US health care system inspired me to choose this specific topic. One potential bias that may affect the paper could be the fact that I am one of those people who doesn’t have insurance and think that the health care insurance system in the United States is just another way of ripping the poorShow MoreRelatedInequality in Healthcare Essay examples1336 Words   |  6 PagesRunning Head: HEALTHCARE Inequality in healthcare One of the major problems facing our country today is the healthcare crisis. The inequality in our current healthcare system has created a huge gap in the difference between the level and the quality of healthcare that different people receive. Having an improved and reliable health care system available for everyone should be a priority that the government must make available. There are countries whose health care system meets the needs ofRead MorePublic Policy Of Globalization On Canada Essay1692 Words   |  7 Pagesworking conditions which shape health. The social determinants of heath shape material, psychosocial, and behavioral routes. However, stages of life like, genetics, early life, and cultural factors are some components that influence health. The Canadian welfare state shape public policies enhance the social determinants in Canada and the low quality and the inequitably distributed throughout the nation. There are several different factors that revolve around i nequality health policy disputes that needsRead MoreThe Complex And Historical Problem Accessibility1306 Words   |  6 Pageshealthcare system. This is exceedingly difficult as each country is unique in their history, culture, population and health needs, all of which require a specialized system. Furthermore, an ideal system addresses equally the three key aspects of healthcare: quality, affordability and availability. A system without even one of these aspects at its full potential is not providing the best care possible for the population. Arguably, accessibility is the most crucial and challenging aspect. This is stillRead MoreAn Individuals Health, And The United States Stands Among The Richest Nations1331 Words   |  6 PagesAffluence determines an individual s health, and the United States stands among the richest nations. But how might the prosperity of a nation affect the entirety of its citizens? And what factors of wealth affect health? Further, the idea that one can advance in society if one works hard—a deep-set American belief—depends on an individual s health. The benefits in health enjoyed by wealthy nations are distributed inequitably. Care is granted only to those that can afford it, limiting the successRead MoreSweden s The Swedish Health System943 Words   |  4 PagesThe country of Sweden has seemed to excel significantly when it comes to health services. An Organisation for Economic Co-operation and Development (OECD) ranking in 2010 placed Sweden in first place for having the best healthcare system out of nineteen industrialized countries (Bernpaintner, 2013). Sweden offers universal health under a bureaucracy, while the United States offers a free market version of health care. Even though the U.S. offers more freedoms to their citizens when it comes to doctorsRead MoreHealth Problems That Are Labeled As Social Problem1286 Words   |  6 PagesHealth problems that are labeled as social problems, affects the physical, mental health, and impact communities and society as a whole. Socioeconomic statue is based on a person’s position in society and the level of educational attainment, occupation, and household income. A person level of education, income and occupation has a great influenced on one’s health and the mean to have a good health insurance. In the United States, low socioeconomic status is associated with lower life expectancyRead MoreInternational Healthcare Comparisons1741 Words   |  7 PagesEven with this large amount of healthc are spending, the U.S. has almost 50 million residents without health insurance and 29 million who are underinsured (The Commonwealth Fund, 2012). Tanner (2008) estimates â€Å"total U.S. healthcare spending exceeds $1.8 trillion dollars, more than Americans spend on housing, food, national defense, or automobiles† (p.2). The Patient Protection and Affordable Care Act (PPACA) was passed in the U.S. in 2010, and is projected to decrease the number of uninsured by 30Read MoreSingapore And Nigeria s Health Care System Essay1625 Words   |  7 Pagesboth poor and wealthy, access to care is crucial to one’s health. Throughout this paper both Singapore and Nigeria will be compared to each other based their access to care for the entire population and the impact on the society the countries make. Singapore is known to have the most cost effective health care systems, whereas Nigeria is known to have very little to no advancements in their health care system. â€Å"Singapor e is one of the most cost effective health care systems due to the fact that â€Å"TheRead MoreThe South East Asian Country Of Bangladesh1237 Words   |  5 Pages160,996,000 (Bangladesh). When Bangladesh is compared with India, it is evident that considerable progress is being made to improve the health of the people of Bangladesh. Nevertheless, there remain many areas of concern. Some of these concerns are the countries health development and provisions for healthcare delivery. There are differences in the overall health of the citizens of Bangladesh and those of India. In Bangladesh, the annual population growth rate and the adolescent fertility rate areRead MoreAchieving Universal Health Care : Evaluation Of Seguro Popular1475 Words   |  6 PagesEcon 111 Assignment Achieving Universal Health Care – Evaluation of Seguro Popular in Mexico Part I: Context Mexico is a Latin American country. With GDP of $1.295 trillion, the economy of Mexico ranks the 15th largest in the world. With population of 125.4 million, Mexico is a upper middle income country. The GNI per capita is $9870, which is significantly higher than the average of the Latin America and Caribbean countries (The World Bank, 2016). The annual GDP of Mexico grows steadily in recent

Accounting Equation Chambers on Accounting

Question: Discuss about the Accounting Equation for Chambers on Accounting. Answer: Part A (I) Table showing calculation in case if new plant is employed: Calculation of Cash Flow Year Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Widgets Required 50000 50000 52000 55000 55000 Cost of Machine 930100 0 0 0 0 Sale of old machine 1500 Depreciation 310033 310033 310033 0 0 Cost of Widgets 1550000 1550000 1612000 1705000 1705000 Scrap value of new machine 12000 Cash Outflow -1500 2480100 1550000 1612000 1705000 1693000 Tax saving on depreciation 124013 124013 124013 0 0 Total cash outflow -1500 2356087 1425987 1487987 1705000 1693000 Present Value Factor (after tax discount rate) 1 0.893 0.797 0.712 0.635 0.567 Present Value of cash flows -1500 2103985 1136511 1059447 1082675 959931 Total net present value 6341049.3 Working Notes Calculation of Cost of Machine Amount in $ Cost 945000 Discount 37800 Freight Installation 22900 Total 930100 Calculation of Depreciation Amount in $ Total cost 930100 Scrap value 16853.933 Value to be written off 913246.07 Depreciation 304415.36 Calculation of Cost per unit Amount in $ Direct Material 8 Direct Labour 7.5 Variable Overhead 4.5 Fixed Overhead 11 Total Manufacturing cost 31 Table showing calculation in case the widgets are purchased: II nd Option Year Year 1 Year 2 Year 3 Year 4 Year 5 Widgets Required 50000 50000 52000 55000 55000 Purchasing cost 27 27 27 27 27 Total cash outflow 1350000 1350000 1404000 1485000 1485000 Cost of Widgets 1550000 1550000 1612000 1705000 1705000 Cash Outflow 1550027 1550027 1612027 1705027 1705027 Present Value Factor 0.893 0.797 0.712 0.635 0.567 Net Present Value 1384174.1 1235372 1147763 1082692 966750.309 Total Net Present Value 5816751.3 Saving in fixed overhead after deducting tax benefit 27000 Net cash outflow 5789751.3 (II) It can be concluded from above calculations that as net present value of cash outflow after tax in case if widgets are purchased is less. Hence this option is more appropriate for the company. Part B Comparative Balance Sheet Comparative Balance Sheet of Ariel Snowy Ltd. as at 30 June 2016 Amount in $ Notes Ariel Snowy ASSETS Financial Assets Cash and cash equivalents 1,60,000 4,40,000 Short Term Investment 16,000 3,80,000 Trade and other receivables 2,00,000 2,60,000 Inventory 11,20,000 6,00,000 Total financial assets 14,96,000 16,80,000 Non-Financial Assets Property, plant and equipment 24,00,000 25,60,000 Patent 12,000 90,000 Total non-financial assets 24,12,000 26,50,000 Total Assets 39,08,000 43,30,000 Equity Liabilities EQUITY Paid Up Capital 2600000 2600000 Retained Profit 2,68,000 3,60,000 Total Equity 28,68,000 29,60,000 LIABILITIES Non-Current Liabilities Bank Loan 6,80,000 6,60,000 Other - - Total 6,80,000 6,60,000 Current Liabilities Accounts Payable 3,60,000 6,20,000 Others - - Total 3,60,000 6,20,000 Total Liabilities 39,08,000 42,40,000 Table showing financial ratio of Ariel Ltd, Snowy Ltd. Financial Ratios Aerial Ltd. Snowy Ltd. Current 2.20 2.55 Acid Test 0.55 1.64 Debt to Asset 0.17 0.15 Receivable Turnover 11.00 11.54 Inventory Turnover 2.14 3.67 Profit Margin 0.16 0.21 Asset Turnover 1.00 0.88 Return on Assets 0.16 0.18 Return on Equity 0.22 0.27 Working note for calculating financial ratios: Working Note for calculation of financial ratios: Particular Aerial Snowy Current Ratio 1496000/680000 1680000/660000 (Total Current Assets /Total Current Liabilities) Acid Test Ratio (Total current assets - inventory / Total current liabilities) 1496000-1120000/680000 1680000-600000/660000 Debt to Asset Ratio 680000/3908000 660000/4240000 Total Non -current liabilities/ Total Assets Receivable Turnover Ratio 2200000/200000 3000000/260000 (Credit Sales/ Trade Receivable) Inventory Turnover Ratio 2400000/1120000 2200000/600000 (Cost of goods sold/ Inventory Profit Margin Ratio (Net Income / Sales) 620000/3904000 800000/3800000 Asset Turnover Ratio (Total sales / Total assets) 3904000/3908000 3800000/4240000 Return on Assets Ratio (Net Income / Total Assets) 620000/3908000 800000/4242000 Return on Equity Ratio 620000/2868000 800000/2960000 (Net Profit / Total Equity) Income Statement Particular Aerial Ltd. Snowy Ltd. Cash Sales 1704000 800000 Credit Sales 2200000 3000000 Sales 3904000 3800000 Cost of Goods Sold 2400000 2200000 Gross Profit 1504000 1600000 Interest Expense 120000 80000 Net Income 620000 800000 (c) The company with greater acid ratio will be deemed as the company is better liquidity position. According to above-stated statement of the financial ratios acid ratio of Snowy Ltd. is greater. Hence it has better liquidity position. (d) As debt asset ratio i.e. .15 of Snowy Ltd. which is better from Ariel Ltd.; it could be said that this company is using leverage effectively to increase the return of shareholder. (e) Additional information was useful in preparing an income statement. The data of income statement was used in preparing a statement of financial ratios. Hence it was useful in calculating ratios and taking a decision regarding the company as well. Part C Inventory budget Inventory budget (in units) April May June July August September Units in closing inventory 550 610 730 875 900 900 Sales of next month is closing inventory of current month. Company is planning to sell 550 in month of May so 550 will be closing inventory of April. Raw materials inventory budget Raw materials inventory budget (in units and amount) April May June July August September Raw material units (A) 550 610 730 875 900 900 Per unit cost (B) $45.00 $45.00 $45.00 $45.00 $45.00 $45.00 Raw material in amount (A*B) $24,750.00 $27,450.00 $32,850.00 $39,375.00 $40,500.00 $40,500.00 Trade creditors budget Trade creditors budget (in amount $) April May June July August September Op. Balance (A) 0 24750 27450 32850 39375 40500 Purchase (B) 24750 27450 32850 39375 40500 40500 Paid to creditors (C) 0 24750 27450 32850 39375 40500 Cl. Balance (A+B-C) 24750 27450 32850 39375 40500 40500 Trade debtors budget Trade debtors budget (in amount $) April May June July August September Op. Balance (A) 0 0 60500 67100 80300 96250 Sales (B) 0 60500 67100 80300 96250 99000 Received from debtors (C) 0 0 60500 67100 80300 96250 Cl. Balance (A+B-C) 0 60500 67100 80300 96250 99000 Working note Sales April May June July August September Unit (A) 0 550 610 730 875 900 Per unit sale (B) 0 $110 $110 $110 $110 $110 Amount (A*B) 0 $60500 $67100 $80300 $96250 $99000 Cash budget Cash budget (in amount $) Inflow Opening balance 36625 -27850 -37225 -48662.5 -53987.5 Share capital issued 350000 Amount received from debtors 0 60500 67100 80300 96250 Total inflow (A) 350000 36625 32650 29875 31637.5 42262.5 Amount paid to creditors 0 24750 27450 32850 39375 40500 Labor cost 12375 13725 16425 19687.5 20250 20250 Production overhead 15000 15000 15000 15000 15000 15000 Non production overhead 11000 11000 11000 11000 11000 11000 Fixed asset purchased 275000 Total outflow (B) 313375 64475 69875 78537.5 85625 86750 Net cash flow or Closing balance (A-B) 36625 -27850 -37225 -48662.5 -53987.5 -44487.5 Part D Floccinaucinihilipilification can be said as act or instance of judging something to be useless and trivial. It is a combination of four Latin words (flocci, nauci, nihili, pilifi) which means an action or habit of estimating as worthless (Butterfield, 2013). In accounting it is related to matter like dated facts which are determinable only on similar dates and balance sheet which represent past facts and guesses about the future (Chambers and Dean, 2013). In the case of dated periodicals accounts which are based on judgements but are also open to conceal speculation and misuse of property and favourable and unfavourable drifts in financial affairs (Raymond, Logic, Law, and Ethics, 2013). According to this concept the one of major condition of business survival which is solvency, but the same cannot be assured through balance sheet that how much quantity worth the money, he is able to pay. It has an effect of accounting as it affects the base on which accounting is being done (Rhodes and De Jager, 2014). References Butterfield, J.2013. Oxford AZ of English Usage. Oxford University Press. Chambers, R.J. and Dean, G.W.2013. Chambers on Accounting: Logic, Law and Ethics (Vol. 6). Routledge. Raymond J. Chambers. Logic, Law, and Ethics. (2013). [Online]. Available through https://books.google.com.au/books?id=Ei03tgPKEKcCpg=PP8lpg=PP8dq=Floccinaucinihilipilification+in+accountingsource=blots=7SEeed7xcSsig=4hlrAp251LDYlZuPol-0KYapdrIhl=ensa=Xved=0ahUKEwiU8ZeJs6DPAhVHpY8KHTGpDvQQ6AEINTAG#v=onepageq=Floccinaucinihilipilification%20in%20accountingf=false . [Accessed on 21st September 2016] Rhodes, P. and De Jager, A.2014. Narrative studies of recovery: a critical resource for clinicians. Clinical Psychologist. 18(3). Pp.99-107.