Friday, December 6, 2019

Accounting Financial Analysis Report Wesfarmers

Question: Compare current assets and current liabilities as shown on the balance sheet and comment on the short-terms solvency of the company. Compare current assets and current liabilities as shown on the balance sheet and comment on the short-terms solvency of the company. Answer: Wesfarmers is one of the best companies in Australia. To answer this question, the consolidate balance sheet of the company for the year ended 30th June, 2016 has been considered. This balance sheet has the amounts of current liabilities and current assets for the year 2016 and 2015. The comparison is shown under: Current Assets Particulars 2016 ($m) 2015 ($m) Cash and cash equivalent Receivable Trade Others Receivables Finance Advances Loans Inventories Derivatives Others 611 1,628 835 6,260 54 296 711 1463 806 5,497 428 188 Total 9,684 9,093 As per the above list, the total amount indicates that there is an increase in current assets in 2016 than 2015. However, there are increases and decreases in items of the current assets. The amount of cash has increased in 2016. It indicates that the company has cash to pay the daily obligations of the business. Trade receivables and other receivables have also increases in 2016. The increase in receivable is an indicator of increase in sales. There is also increase in the loan and advances as well as in Inventories. However, the amount of derivatives has decreased in 2016. Other current assets have increased by a large margin (Agbada and Osuji 2013). Current Liabilities Particulars 2016 ($m) 2015 ($m) Trade and Other Payable Interest Bearing Loans and Borrowings Income Tax Payable Provisions Derivatives Other 6,491 1,632 29 1,861 160 251 5,761 1,913 64 1,605 142 241 Total 10,424 9,726 According to the latest balance sheet, most of the items in current liabilities have increased. Trade and other payables have increased by a fair amount which indicates that the company use to give a lot of credits to the customers. However, the company has been successful to decrease the amount of loans and borrowings in 2016. This will help to decrease the amount of interest payable in 2016. Income tax payable has decreased in 2016. On the other hand, provisions, derivatives and other current liabilities have increased significantly (www.wesfarmers.com.au 2016). According to Adrian (2015), short term solvency of a company refers to the ability of the company to meet the daily obligations of the business. It means that the amount of current assets should be more than the amount of current liabilities. Only then the company will be able to meet the daily obligations. As per the current balance sheet, both the total of current assets and current liabilities has increased in 2016 than 2015. The matter of concern is that in 2016, current liabilities are more than current assets. However, in 2015, the situation was much better as the total current assets were more than the total current liabilities. This situation indicates that the solvency position was better in 2015 than 2016. It shows that Wesfarmers is not fully able to meet the daily obligations of the business. That means the solvency position of Wesfarmers is not good. Thus, the company needs to take corrective measures to recover from this position (Pierret 2015). References Adrian, T., 2015. Discussion of Systemic Risk and the Solvency-Liquidity Nexus of Banks.FRB of New York Working Paper No. FEDNSR722. Agbada, A.O. and Osuji, C.C., 2013. The efficacy of liquidity management and banking performance in Nigeria.International review of management and business research,2(1), pp.223-233. Pierret, D., 2015. Systemic risk and the solvency-liquidity nexus of banks.Available at SSRN 2346606. wesfarmers.com.au. (2016).docs/default-source/reports/2016-annual-report.pdf. [online] Available at: https://www.wesfarmers.com.au/docs/default-source/reports/2016-annual-report.pdf [Accessed 29 Sep. 2016].

Friday, November 29, 2019

Pillow Angel Ashley free essay sample

Their roles in this controversy were as enablers. The parents felt that because Ashley had brain damage they needed to stop her growth and menstrual cycle. Even though the procedures were controversial the parents were still seeking for a way to make it happen. The so-called â€Å"treatments† that were performed were breast bud removal to discontinue the growth of her breast, a hysterectomy to get rid of her menstrual cycle, and estrogen therapy to weaken her growth. (Peace, 2007, 5) The supporters for the disabled believe that the physicians will never comprehend the true value of their deeds. Dr. Douglas Diekema, who was the chairman of the ethics board of Seattle Children’s Hospital, stated that even he could not believe what the parents were asking he had to take in to consideration as to why they wanted the procedures done. (Gibbs, 2007,4) The treatment was not even tested yet and Ashley was not in any danger if she did not get the treatment. We will write a custom essay sample on Pillow Angel Ashley or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page So was the treatment really beneficial to Ashley or more for her parents? For the sake of convenience, Ashley’s parents were willing to make an unethical request of doctors. They wanted the treatments for the sake of making it being easier for them to move her and the ability to continue to lift Ashley up for baths and being able to dress her. (Gibbs, 2007,5) Ashley was only 6 years old when her parents decided to have all the procedures done. At such a young age her parents took away her identity. (Gibbs, 2007,8) Could they not find a better way to handle this? There could be a chance of Ashley being able to move an electronic wheelchair with her head had they waited to see if she was capable of that. As much as the doctors wanted to help how far would they go to just to benefit the parents with the care of Ashley? â€Å"Turning people into permanent children denies them dignity and whatever subtle therapeutic benefit comes from being seen as adult. † (Gibbs, 2007, ) This is made even more unethical because her parent’s claimed to be college educated professionals and so their decision goes to prove that it was for convenience. The parent’s preference trumps Ashley’s fundamental human rights. Ashley’s parents were stunned at some of the comments that were posted on their chat boards. Some of the remarks were stating that they found the Pillow angel Ashley offensive and stated that it was â€Å"truly a milestone in our convenience society† and some just could not grasp the thought of why the parents chose this route. (Pilikington, 2007, 7) Would this treatment be tolerated if parents would want this for a healthy child? Mary Johnson who is an editor for Ragged Edge an online magazine for disabled activist said, â€Å"People have been horrified by the discrepancy. (Pilikington, 2007,  ¶8) Mary Johnson was frightened at the fact that if another child with a different disease would get the same procedure but not have the same effects as Ashley. The co-writer of Archives of Pediatrics amp; Adolescent Medicine, criticizing treatment for Ashley was an experiment without any research, stated that it was a â€Å"technological solution to a social program. † (Pilikington, 2007, 10) The confidentiality laws in medicine are important especially for cases such as these because of the backlash and controversy it can stir.

Monday, November 25, 2019

Rhetorical Speech Analysis- Robert F. Kennedy

Rhetorical Speech Analysis- Robert F. Kennedy Free Online Research Papers The famous Indianapolis speech, given by Robert F. Kennedy, breaking the news of the assassination of Rev. Dr. Martin Luther King (informing a mostly black audience) is a perfect example of the humble, humanistic speech style of former Presidential candidate. Although short, Kennedy’s words in this speech are profound and lasting, a simple approach which was mastered by this great social thinker. Through rhetorical analysis of this somber speech it is clear that Kennedy was a clever, emotional connected public speaker who used his time at the podium to not only commemorate a life, but also build support for his campaign. The speech was given the evening of April 4, 1968 during Kennedy’s campaign tour. Kennedy had just arrived in Indianapolis, Indiana when he heard the tragic news of Kings Assassination. Immediately after his plane landed Kennedy was expected to appear publicly to promote his campaign. While the police highly urged Kennedy to skip this stop on his tour because the area was considered to be a dangerous ghetto, Kennedy insisted he reach out to its inhabitants. The sudden, unexpected, and devastating news was the catalyst for an immediate change of agenda as Kennedy would have the difficult task of speaking to a mostly black, very up-beat audience, none of whom were aware of the recent assassination of King. This set the scene for what would be a memorable, reflective, and impromptu memorial speech that has been preserved as a Kennedy trademark. Because of the spur-of-the-moment nature of this speech, it is hard to categorize. Obviously Kennedy was working on a campaign but the speech, both in content and format, is presented as a special occasion style speech. Kennedy begins by breaking the news of Kings death to his audience (who reaction is horrifying) then quickly brings the attention back to himself by using humanistic, thoughtful language which sets up the rest of his unplanned speech as a tribute of sorts. It was clear that Kennedy was particularly aware of his mostly black audience as he makes every effort to relate to them through sympathy and equality. He never speaks down to them about King but rather speaks as if he were one of them. Throughout the speech Kennedy stayed calm and collected yet never seemed desensitized (as is so often the case with more modern speakers). You could see through the delivery of his speech and the tone of his voice and language that this was a very serious occasion not to be discussed in a sterile manner but rather through respectful commemoration. He constantly reminds the audience of the goals for King and cleverly connects those goals to his own, further gaining audience respect as a leader and equal individual. An example of this is presented toward the beginning of the speech when Kennedy states â€Å"Martin Luther King dedicated his life to love and to justice between fellow human beings. He died in the cause of that effort. In this difficult day, in this difficult time for the United States, its perhaps well to ask what kind of a nation we are and what direction we want to move in.† This is beautifully poet and political as it seamlessly and honestly pays tribute to King and his work, while at the same time build momentum for Kennedy’s own work as a Presidential candidate. While this speech is very eloquent and appears to be crafted, it is important to recognize the atypical circumstances that shape the delivery of the speech. Since it was a unarranged speech the language, while poet and constant, is ultimately informal in terms of a political rally. Kennedy has a very solemn tone of voice that isn’t recognizable as a political quality. This is not at all in appropriate, but rather due to the circumstance very effective as it automatically allows the audience to share these words rather than just receive them. Furthermore Kennedy centers the body of the speech around social injustice, equality, and national division all topics relevant to the life of King, and his own work. It is clear that the audiences fear and devastation quickly turns into a powerful excited energy to continue King’s mission. This displays a certain level of brilliance on the part of Kennedy because it is surely assumed that he new a situation like this could turn to riot and destruction, yet through his smart and personal language he reversed a possible disaster before it could even begin. This genius is displayed when he states â€Å"For those of you who are black and are tempted to be filled with hatred and mistrust of the injustice of such an act, against all white people, I would only say that I can also feel in my own heart the same kind of feeling†¦But we have to make an effort in the United States, we have to make an effort to understand, to get beyond these rather difficult times. Finally Kennedy ends with a reflective quote from Aeschylus, and once again repeats for the third time â€Å"What we need in America† then going on to his quick agenda. This repetition is an affective tool in his speech, especially one as short as this. Again this allows him to stay connected to the theme of a tribute speech while also driving his point into the minds and more importantly the hearts of his audience. Kennedy not only rose to the occasion but rose above it. He was seamlessly able to honor the life of Rev. Dr. Martin Luther King by connecting King’s life’s dreams to his career and campaign goals. His words were simple and clear (specifically being adjusted to his lower economic class audience) but poetic and profound. Robert F. Kennedy was assassinated himself only two months after the night he gave this speech. His words echo through decades and his powerful skills as a social leader and kind nature as a human being as forever sealed within the unforgettable words of this speech. Research Papers on Rhetorical Speech Analysis- Robert F. KennedyHonest Iagos Truth through DeceptionComparison: Letter from Birmingham and CritoBringing Democracy to AfricaAnalysis Of A Cosmetics AdvertisementHip-Hop is ArtCanaanite Influence on the Early Israelite ReligionRelationship between Media Coverage and Social andThe Masque of the Red Death Room meaningsWhere Wild and West Meet19 Century Society: A Deeply Divided Era

Thursday, November 21, 2019

Entrepreneurship - Creative Journal Essay Example | Topics and Well Written Essays - 2000 words

Entrepreneurship - Creative Journal - Essay Example In business, most managers believe that this is the most significant mark of a successful entrepreneur (Mazzarol, 2007). Achievement can also be enhanced by giving rewards, salary increment, bonuses and rises to most successful employees. Employers also play significant roles in developing employees’ skills and talents. They can collude with learning institutions to support and supervise research done by their employees, or through transversal skill development (Mazzarol, 2007). Human resource managers also need to provide clear hiring and exit procedures, but more notable is to retain current employees through a set of institutional benefits like competitive wage, support for international mobility, and supplementary pension schemes (Mazzarol, 2007). Locus of control describes the extent to which a person believes that the outcome results are influenced by their own behaviors, or from their external surrounding. Managers, therefore, need to create an environment that motivate s its employees to work hard towards achieving the organization’s goals (Mazzarol, 2007). Locus of control is usually low when change strategies are being implemented within the organization. In order to solve this problem, managers have to create an effective means of communication that informs the employees on the strategies and processes required for the implementation of that change. As the work environment changes, I realized that I can either contribute to the success or failure of a business. My attitude towards the impacts of external influences on the quality of work and the success of the business is the key factor that influences my contributions to the success of the business. Positive external influences enhance my efficiency and productivity within a short period, as compared to negative external influences that still require consultations and decision making process in order to be resolved. This process involves much time, and this slows down employees’ morale towards achieving the organizational goals and objectives (Mazzarol, 2007). Second Journal Entry Set Small and large firms play ever-increasing roles in innovation. Innovation is mainly driven by market dynamics and technology. Currently, recommendable advancements have been made in several areas that include multimedia, computers and electronic devices. Of all the innovations that have been done, internet is one of the innovations that have significantly influenced my daily life. The internet has changed the way I learn, shop, communicate and conduct my business. In the modern world, internet is the most famous and effective means of spreading information, fact or fiction (Mazzarol, 2007). In the past centuries, people were once limited to news of the local television channels and newspapers. However, anybody can currently search the globe, international markets, foreign products, different cultures, international jobs and so on. Through the internet, it is much easier and c heaper to communicate with friends and relatives more than telephones and letters. The internet has given me an opportunity to meet several friends both locally and internationally. It is possible to directly communicate to distance friends face-to-face, or through chatting. In other words, internet has limited both geographical and political boundaries that earlier

Wednesday, November 20, 2019

The Case Against Affirmative Action Research Paper

The Case Against Affirmative Action - Research Paper Example For instance, since the blacks were treated as slaves once, it is justified that they should be getting some privileges over and above the whites that perhaps had no connection with slavery. The idea is based upon â€Å"Two Wrongs Make a Right Thesis† (Pojman) Despite all, one might argue essentially on the basis of discrimination alone that affirmative action cannot do justice to the society at large an is ethically wrong. 1. Students who begin their career at a disadvantage will need some thrust or support to move forward. Coming from black families put them often at a disadvantage in terms of economic and social status. They often belong to crime-infected families and are place at a disadvantage compared to the whites. 2. Affirmative action will draw the people from minority groups to choose those profession or academic careers, which they would not have thought in other circumstances. For instance, women are entering into fields of technology. It is important to alter the stereotypes in order to prevent future discrimination. 5. Another argument, which is often put forward states, is based upon â€Å"No One Deserves His Talents†. Individuals do not have claims to any particular merit; hence they will not have access to the better ranks or positions in the society. 1. Discrimination of any sort is bad even if it is biased towards the majority groups. In fact this is a case of reverse discrimination. It is pointless to punish the innocent white people for the wrongdoings of their ancestors. 2. The diversity argument is favor of affirmative action has been discussed before. However, in certain cases where a white policeman might be able to arrest a black criminal better and vice versa might be regarded as a case of merit instead of affirmative action. 3. The ‘No One Deserves His Talents’ is based on the ground – ‘If a person does not deserve what produces something, he does not

Monday, November 18, 2019

Single parent families Essay Example | Topics and Well Written Essays - 750 words

Single parent families - Essay Example Usually, pregnancy outside of wedlock means the mother of the child will be raising children alone. While social mores have changed concerning out of wedlock children and divorce, the fact that these negatively impact children cannot be denied. Growing up in a single parent household holds many disadvantages and few advantages. The greatest of these disadvantages is the amount of stress experienced by the children and parents in this family. The stresses experienced in a single parent family have a negative impact on the health, educational success and career opportunities for all members of the family. A recent study suggests that high level of stress for mothers may affect the quality of care they can provide for their children (Bronnemann, 2005). The biggest stress reported by single mothers in this study was the constant need for choosing between earning a living and providing quality childcare. Single mothers are the sole providers for the family. Their occupation often requires them to work when called upon. Single mothers must take care of the children in all ways. They report that often, they need to give up caring for a child so they can keep the job that supports the family. Mothers report that they sometimes need to delay doctor’s visits for themselves or their children when the work schedule must take precedence. This sometimes results in longer illnesses and more missed school and work. Another duty that single parents often feel they cannot fulfill is assisting their children with their education. Single parents often find that their children come home to an empty house or are sent to some sort o f after school care provided by friends or family. These situations are not ideal for getting homework done or being available to help with school assignments. Single parents report that they have a difficult time communicating with teachers when they have concerns because they are working through the school day. Students living in single parent fa milies are often expected to do their work without the guidance of a parent at home. Single mothers report that they often return from work to the many domestic duties such as cooking, cleaning and shopping that would normally be shared with a spouse. They recognize that education is important, but so is providing the necessities of life. When forced to choose, many single mothers find they must work on providing food instead of providing help with schoolwork. This inability to do both limits the educational progress of some children in single parent homes. The same is true for single parents. Educational opportunities are limited due to the inability to attend classes and provide adequate childcare. This creates a stressful situation for the parent. They often find that they are stuck in their current position because the necessary education to move up cannot be obtained. Single parent homes make obtaining education difficult for children and parents. A final result of the stresses single parent families experience is the career possibilities of the children. Children growing-up in single parent families are more likely to live in poverty and suffer from all of the disadvantage that poverty brings. This includes long-term problems such as unemployablility of the attainment of low-level employment that does not provide enough income to escape poverty. Children growing up in the stresses of a single parent home have fewer career opportunities

Saturday, November 16, 2019

Debate on Guns on School Campus

Debate on Guns on School Campus To carry or not to carry: aiming at safety on campus On March 10, 2017 when I was in my English class, my phone vibrated as messages from the school warned student to stay away from an evacuated area on the campus. The evacuation was then lifted after a suspicious item was found and determined to be safe. This was the first time I had encountered such security activities which raised my awareness of firearms on campus. In the wake of several campus shootings, the heated controversy surrounding the permit of guns on campus has circulated the nation for years. Even though people should have rights to protect themselves, it is not enough reason to allow guns within learning institutions, therefore, I believe guns should be banned on campus. First, presence of guns on campus will have negative impacts on the dynamics of learning environment. College campuses are the living and learning community of students and staff from different backgrounds, where freedom and openness in academic debate and intellectual exchange are encouraged. If guns are allowed in campus, the entire campus community will be in fear of their life, wondering if other fellow students or staff are carrying any guns and can pull them out if a dispute arises. Lecturers could fear that the students with poor grades may threaten them for better grades. An example is the notorious campus shooting at the University of Arizona in 2002: a failing nursing student shot three professors to death due to his anger and depression (Holguin). Campus will become emotionally threatening and crime-oriented environment. Dangerous weapons should never be carried around, even in concealed form, in such open learning environment. Another argument for why guns should be banned on campus is young adults brains does not fully mature despite their physically mature appearance. Darby Dickerson, former dean of Texas Tech University School of Law, is an expert in higher education law and policy and is an elected member of the American Law Institute. She states that researchers have discovered that human brain change significantly during adolescences, and are not fully developed until about 24, with regard to thinking ability and judgment. Also, high-risk alcohol and other drug use among student population have long-term negative effects on brain development, which leads to poor decision making. According to the National Survey on Drug Use and Health (2015), 58 percent of full-time college students ages 18 to 22 drank alcohol in the past month compared with 48.2 percent of other persons of the same age. Researchers also estimated that each year, 1825 college students between the ages of 18 and 24 die from alcohol-rel ated unintentional injuries; 696000 students between the ages of 18 and 24 are assaulted by another student who has been drinking (NIAAA). Therefore, granting college students access to guns will pose increased risks of incidents of self-injury, accidental shootings and even murders. Furthermore, multiple individuals with firearms will negatively affect law enforcement officers response during emergency situations. It will lead to confusion over identifying attackers among many people who are carrying guns which they claim to protect themselves. Also, without training, armed individuals may harm innocents in an attempt to halt a bloodshed. ÂÂ  Advocates for guns permit on campus claim that licensing of guns will increase their safety. They believe one should carry a gun in self-defense. Especially when newspapers splash headlines of campus shootings across the country, giving an impression that American college campuses are not safe, in response, there is an increasing urge for self-protection. Supporters for concealed carry on campus argue that armed students and staff will deter any aggressive acts toward the school, rather than becoming victims of violence. They claim that it will reduce crime. In contrast, the International Association of Campus Law Enforcement Administrators, Inc., (IACLEA), in its position statement, points out that: There is no credible statistical evidence demonstrating that laws allowing the carrying of concealed firearms reduce crime. In fact, the evidence suggests that permissive concealed carry laws generally will increase crime. Ian Ayres John J. Donohue III, Shooting Down the More Guns, Less Crime Hypothesis, 55 Stan. L. Rev. 1193, 1285, 1296 (Apr. 2003); and Ian Ayres John J. Donohue III, The Latest Misfires in Support of the More Guns, Less Crime Hypothesis, 55 Stan. L. Rev. 1371, 1397 (Apr. 2003). The organization also insists that use of a gun in self-defense appears to be a rare occurrence. As explained, there is not enough evidence to prove that campus carry would reduce crime rate or guns would be used in self-defense solely. Another argument gun right activists make to call for guns on campus is to protect women from sexual assaults. They argue perpetrators would less likely to attack women if they knew women around them might also be armed. Also, victims could have a chance to shoot attackers, assuming they would be able to use it effectively to protect themselves. However, reliable social science research indicates that based on the way victims typically react to these experiences, solving campus sexual assaults by arming women with firearms will not work. Studies show that 89 percent of campus sexual assaults involve drugs and/or alcohol (Krebs, Lindquist and Warner) and 90 percent of college sexual assaults are committed by someone the victim knows (Sampson 6). In such situations, victims would likely have a difficult time pulling out the gun to someone they associate with or when they are in frozen state due to drugs, alcohol or tonic immobility. Even after looking at all the evidence there are still people who believe that firearms should be allowed on campus. Their argument could be valid if we consider the broader legal rights to carry guns if one has gone through mental health screenings, had extensive trainings and passed all the tests before obtaining the license. It would be ideal if every gun license holder had gone through many difficult exams to determine if he/ she is qualified to use guns. However, it is easier than before to obtain a license in many states these days, raising the question if those license holders are well-trained and mentally stable or not. Allowing everyone to carry a gun cannot solve the crimes; indeed, it may have the potential to dramatically increase violence on college campuses. Campus security must be left to well-trained professionals. They have proficient techniques to defend campuses against violent attacks without harming innocent students. Instead of granting permission to carry guns on campus, preventive and preparative measurers should be taken and well developed to improve school safety. References Dickerson, Darby. White Paper-Guns on Campus. 17 February 2011. The National Behavioral Intervention Team Association (NaBITA) Web site. White Paper. 19 March 2017. . Holguin, Jaime. Eerie Letter From University Killer. 31 October 2002. Web. 19 March 2017. IACLEA. IACLEA Position Statement: Concealed Carrying of Firearms Proposals on College Campuses . 12 Agust 2008. 24 March 2017. . Krebs, C. P., et al. College womens experiences with physically forced, alcohol- or other drug-enabled, and drug-facilitated sexual assault before and since entering college. Journal of American College Health (2009): 639-649. Print. NIAAA. Alcohol Facts and Statistics. December 2015. 22 March 2017. . SAMHSA. 2015 National Survey on Drug Use and Health (NSDUH). Table 6.84B-Tobacco Product and Alcohol Use in Past Month among Persons Aged 18 to 22, by College Enrollment Status: Percentages, 2014 and 2015. 2015. SAMHSA Website. 22 March 2017. . Sampson, Rana. Acquaintance rape of college students. Problem-Oriented Guides for Police. n.d.