A Pair Of Star-crossed Lovers, Romeo And Juliet. From The Opening Scen

"A pair of star-crossed lovers", Romeo and Juliet. From the opening scenes of the play these two children of feuding families were destined to fall in love together and eventually die together. How does the reader see this? How do we know it was fate which triggered these events? Coincidence caused the death of these two lovers. For this reason Romeo and Juliet is one of Shakespeare's great tragedies. For coincidence to have caused the death of Romeo and Juliet it must have been evident in the events leading up to their deaths. These events include their meeting and falling in love, their separation, their reunion and finally their suicides. Solving the ancient feud between their families was the only real result of these untimely deaths. How did Romeo and Juliet meet? Was it by fate or could it have been avoided? Romeo and Juliet could not have avoided coming in contact with each other, they were brought together by uncontrollable circumstances. In Romeo and Juliet's time Verona (a city in Italy approximately 100 km west of Venice) was a fair sized city, and "bumping" into an acquaintance was unlikely. During the course of Act I, Scene II, the contrary had happened, and happened by chance. As Romeo and Benvolio were nearing a public area they were stopped by a Capulet servant. After Romeo had read the guest list to the Capulet party and the servant was on his way, Benvolio suggested that to relieve himself of his sadness for Rosaline, Romeo should go to the party and compare Rosaline to the other female guests. Romeo agreed Another example of coincidence is evident here. If Rosaline had not been attending, Benvolio would not have thought anything of the party. During the Capulet's ball Romeo and Juliet had seen each other, once this happened, there was no force that could have stopped them from falling in love. The encounter with the servant in the city set off an unlikely chain of events. Given the information following, none of these events could have been a ltered or avoided . "And for that offense immediately we do exile him hence," (Romeo and Juliet, III, II, 191-192). Romeo's banishment and the fate involved with it is a prime factor in the deaths of Romeo and Juliet. Why banishment? In Act I, Scene I the Prince's words were quite the contrary. Was it intentional that a man of such high standard would go back on his word? Perhaps. Romeo's exile poisons all possibility of happiness for himself and Juliet. His exile causes Juliet great sorrow, greater then if he had been executed, as stated by Juliet in Act III, Scene II, lines 130-131. Juliet's sorrow drives her to obtain a "knockout potion" from Friar Laurence which, in effect causes Romeo to make some important decisions regarding his well being. Romeo's banishment (brought about by the death of Tybalt) initiated the Friar's scheme which eventually leads the two lovers to their deaths. In reuniting the two lovers, timing played the largest role in deciding if they would live or die . Friar Laurence had two chances to deliver the message to Romeo regarding Juliet's present state. The first and most practical method of sending this message was through Romeo's "man", Balthasar. The second method was to send the message with Friar John. Timing was an important factor in both of these events. Friar Laurence had missed his opportunity to send the message with Balthasar and reverted to sending it with Friar John. As fate would have it, Friar John was locked up in a condemned house because of the plague. As a result Romeo received incorrect information. The only information he received from the unsuspecting Balthasar was that Juliet was dead. There are two important points to note in this area of the play. One being the reference to star-crossing made by Romeo when he heard of Juliet's death. "Is it even so? then I defy you, stars." (Romeo and Juliet, V, I, 24). The second being that when Romeo received the poison he states "Come cordial, and not poison, go with thee. " (Romeo and Juliet, V, I, 85). This is coincidental to what Juliet had said earlier, in

Free Essays on Ride Along

I could never imagine how a day in the life of a police officer would be so demanding. My ride along experience with Austin Police Department ended up being exciting and intense at the same time. I was fortunate enough to get to ride the entire shift, which starts at 6:00 p.m. and ends at 4:00 a.m., pending on the paperwork completed at the end of the night. I was to be at the East Substation in Austin at 6:00 p.m. on a Friday evening. The portion of East Austin that was patrolled is District 5, Charlie Sector. I was briefly introduced to the Sergeant and Corporal of the overnight shift. At 6:30 p.m., the two officers conducted a meeting and with four other associate officers. They spoke about problem areas and complaints within East Austin. The meeting had a certain seriousness, but the entirety of the meeting did not last long and ended up on a good note with some officers making fun of one another and telling jokes. The meeting concluded at 6:50 p.m., and I was to be riding with one of the Officers at the meeting. He stood a tall, strong, and serious man with a certain intimidation in his eyes; and when compared to police personality in Chapter Six, he fit the mold. It did not take very long after the Officer and I had gotten situated inside the patrol car that there was a disturbance call. Not too sure if I was allowed to get out of the patrol car, I sat inside while he and other Officers spoke to a man arguing and fighting at a city bus stop. It concluded with the man walking away from the area and myself being told to get out of the car on our next call. Shortly after that, another disturbance call came through the radio. A tenant was being evicted from her apartment and had yet to move out, so as in her lease agreement, the landlord remove the television set as collateral for her to move out and/ or pay the rent. The woman was extremely angered and frustrated so she began to cuss out the landlord. The Officer and I got out of... Free Essays on Ride Along Free Essays on Ride Along I could never imagine how a day in the life of a police officer would be so demanding. My ride along experience with Austin Police Department ended up being exciting and intense at the same time. I was fortunate enough to get to ride the entire shift, which starts at 6:00 p.m. and ends at 4:00 a.m., pending on the paperwork completed at the end of the night. I was to be at the East Substation in Austin at 6:00 p.m. on a Friday evening. The portion of East Austin that was patrolled is District 5, Charlie Sector. I was briefly introduced to the Sergeant and Corporal of the overnight shift. At 6:30 p.m., the two officers conducted a meeting and with four other associate officers. They spoke about problem areas and complaints within East Austin. The meeting had a certain seriousness, but the entirety of the meeting did not last long and ended up on a good note with some officers making fun of one another and telling jokes. The meeting concluded at 6:50 p.m., and I was to be riding with one of the Officers at the meeting. He stood a tall, strong, and serious man with a certain intimidation in his eyes; and when compared to police personality in Chapter Six, he fit the mold. It did not take very long after the Officer and I had gotten situated inside the patrol car that there was a disturbance call. Not too sure if I was allowed to get out of the patrol car, I sat inside while he and other Officers spoke to a man arguing and fighting at a city bus stop. It concluded with the man walking away from the area and myself being told to get out of the car on our next call. Shortly after that, another disturbance call came through the radio. A tenant was being evicted from her apartment and had yet to move out, so as in her lease agreement, the landlord remove the television set as collateral for her to move out and/ or pay the rent. The woman was extremely angered and frustrated so she began to cuss out the landlord. The Officer and I got out of...

Career Opportunities Application Form Essay Example | Topics and Well Written Essays - 500 words

Career Opportunities Application Form - Essay Example Use lots of action-oriented words, such as developing, solving, monitoring, checking, inspecting, controlling, supervising, preparing etc). Furthermore, one of the highlights of my experience would be the evaluation of the current warehouse practices and procedures, as well as the development and implementation of improved warehouse practices and procedures. (describe how you implement the procedures, in which part of the organisation have you implementation taken effect, then describe specifically the objectives met, it is not good enough to say achieve departmental objectives). I am also proficient with WMS, barcode reader, forklifts, word, excel (insert other warehouse systems that you know). (Would be great if you could provide specific examples of working with statistical data and variances, even if you only occasionally use them or so much as to play a tiny role in preparing it. I'm sure you would have helped in the compilation/manual keying of the data when preparing quality a ssurance reports, even though you are not the one who completes it.) (Provide an incident when you took the initiative to do something).

HUMAN ANATOMY AND PHYSIOLOGY Essay Example | Topics and Well Written Essays - 500 words - 3

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Does the internet strengthen social connections Essay

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Finance and Accounting in the Hospitality Industry

Finance and Accounting in the Hospitality Industry Introduction. According to the Barrows Powers (2009, pp. 3-5) hospitality industry has included hotels , restaurants and other related organisations to the food industry and it has given more emphasis on providing customer sensitive products and services in order to gain profitability and customer satisfaction. Hence, the application of finance and accounting has been done a great deal to achieve such requirements for the hospitality industry. The applications of finance in the hospitality industry has been discussed under several ways of this assignment. Further it has focused to understand the sources of funding and income generation for the business and services industries as well as understand the business in terms of the element of cost. In addition that it has given more intention to evaluate the financial statements of the selected businesses which are in the hospitality industry. Apart from that, this has emphasise the analysis of the performance of the business by using ratio analysis techniques. Finally it has focused to apply the marginal costing concept to evaluate the short term management decisions. Task 01. 01.1 Sources of funding available to business and service industries. Sources of funds are very important to decide management decisions as well as long term strategies of any organisation. As per the Sharan (2005, pp. 210-218) following funding methods should be noted. Retain Profits. Increasing the revenue and reducing the cost this can be increased in a systematic manner. Bank Loans. It is advisable to go for a loan under lower interest rate. Because if the loan interest rate is higher than the companys return on investment, then it will cause liquidity problems in the future. Bank Overdraft facility This is subject to higher interest rate and recommended only for a limited time period. Issuing share to the public Ordinary shares less cost to the organisation but more power has been given to them. But preference share has less controls over the company but subject to a higher cost to the organisation since they have to pay pre-determined dividends on time. Franchise option. This is recommended to expand the business chain with an association with medium scale merchants to promote companys products and goodwill. Hire purchase schemes This also important to manage the cash flow situations of the organisation without investing higher capital for equipments plants. Lease Schemes This also important if the company have not greater funds to invest for their assets. But this is subject to higher interest cost. Credit purchases This is important to manage the working capital position of the organisation . Since agreement with many suppliers can be obtained credit period to pay the cost of goods purchased. Debt Factoring This important to get the cash in early by giving commission chargers to the factoring company to collect their debts very quickly. Sponsorship This is ideal by collecting funds from other organisations and giving chance to promote their names. As per the Banjerjee (2010, pp. 47-58) following funding options also to be considerable. Debenture issue to investors Right issues to shareholders Business Amalgamation Mortgages Venture capital strategies to expand the operations. 01.2 Methods of generating income and contribution to business service operations. According to the Hayes Miller (2011, pp. 5-20) generating income and contribution to the hospitality industry can be identified in following way. Sales In the case of hospitality industry is concerned such as hotels, are providing rooms, foods, beverages and other supportive services in order to generate income from that. Commission. This commission income will be received from the third party supplier to the organisation. Sponsorship This will be received from other organisations to promote their names. Grants Grants are receiving from the government , any other authority. Sub letting This can be generated by sub letting the premises to external parties, such as fancy item shops , flower shops , jeweler shops, etc. Task 02. 02.1 Elements of costs, gross profit and selling prices for products services. Element of Costs According to the Davis Davis (2012, pp. 25-34 ), followings can be identified as the elements of cost in the hospitality industry. Materials Material cost is the cost component in the final product or services which incurred mainly to provide particular products and services. Eg : Linen , Cutlery, Glassware , China , Silverware, Consumables Consumables are the main cost component in the final products in the hospitality industry. This requires further processing to deliver the final product to the customers. Eg : Foods and Beverages Labour Labour cost is the cost which are incurred for the main operating functions of providing final product or services of the organisation. Eg : Salary paid to waiters, kitchen staff front office staff Overheads Overheads are costs which incurred for indirect materials , indirect labour and other indirect cost. These costs cannot be identified specifically with the final product or service. Eg : Salary of admin department, electricity, stationery Selling Price and Gross Profit Margin According to the Kotas R. (1999 , pp 99-107) pricing methods used by the hospitality industry can be identified as follows. Pricing in Tourism ( Peak / Peak off trading price ) Selling price on peak seasons prepared by adding a higher markup to the operational cost as selling price. While in peak off seasons it is adjusting by reducing mark up and offering discounts for the selling price while concerning the competition in the market. Conventional Pricing Method. ( Rate of return pricing ) Here, it is emphasised that setting separate contribution margins to the different revenue segments ( such as foods, beverages, room, other operational segments ). After that it has to select the profit maximising contribution rate. Finally, the selling price will be based on the selected profit maximising sales mix. Gross Profit will be computed by deducting cost of sales from sales. Absorption Pricing Method Here, variable cost per unit has to be computed first and after that overhead cost to be absorbed to the unit cost. Finally markup to be added to the total cost to set as the selling price in order to gain required profit. Contribution Pricing Method. ( Marginal Costing) It is required to categorise the cost as variable fixed. Then the variable cost per unit has to be computed and based on the variable cost per unit, required contribution to be decided to arrive selling price. There is no absorption of overheads and fixed cost to the unit cost of the product. The Gross profit margin will compute after deducting the variable cost of the sales. Backward Pricing Method. This is a method of adjusting the operating cost to a fixed rate. In this case local or national trade organisations has decided fixed selling price and other members have to be accepted this price . Once they need to change this rate, meet again and decide the new price. Product and Service Costing. Selling price decided by adding a predetermined percentage of service charge to the unit cost, after adding the profit mark up to the unit cost. 02.2 Methods of controlling stocks and cash in a business services environment. Stock Controls Proper stock controlling is the way to smooth functioning of daily operations working capital management in an organisation. According to the Ryan B. (2004, pp: 355-361) following inventory controls are recommended. Compute economic order quantity level and re order level of the inventory. Required to avoid the unnecessary stock purchases . Create Just in Time inventory management system. Hospitality industry, mostly dealt with the perishable goods (foods beverages). Therefore it is ideal to maintain a JIT inventory system to eliminate the wastages, losses, and inventory handling cost. Implementation of ERP software programme for the inventory management. This ensures the updated accurate information linkage within the organisation to take proper inventory related decision on time. In other hand Warren et al (2008, pp: 270 271) emphasise important two controls over inventories. Safeguarding the stock from damage and theft. By restricting the store area only to authorised staff members, and it encourages to lock the high value items in a locker while usage of a camera system and security. Reporting the stocks in the financial statements. It is required to conduct a physical stock count at the year end and take the figures into accounts, while identifying any mismatch between system physical figures. Cash Controls Holding considerable cash amount is encouraged to conduct smooth functioning of working capital management. According to the Needles and Powers ( 2011, pp: 399 403) there should be following controls over the cash. Implementation of dual control over the cash. It is important to give authorisation for two persons to verify handle the cash balances to eliminate the cash thefts or manipulations. Preparation of bank reconciliations. Required to identify the reasons for the differences in cash book figure with bank statement balance. Conduct a physical cash count in random basis. This will help to minimise the misconduct by the staff who has handled the cash. Task 03. 03.1 Final accounts analysis of Valentina Hotel Ltd. 03.1.1 Source and structure of the trial balance. Sources of the trial balance are concerned, Kotas and Conlan ( 2007, pp. 101-115) it has been categorised under three ledgers , namely general ledger, sales ledger and the purchase ledger. Purchased ledger consists the personal accounts of suppliers (Creditors). Sales ledger relates to personal accounts of customers (Debtors). While general ledger consists impersonal accounts. Such as nominal accounts and real accounts. Nominal accounts refer to income and expense accounts. While real accounts refer to the assets and equity accounts. The structure of the trial balance is concerned , Jagels (2007, pp. 20-21) it has been categorised under the following way. Current Assets Fixed Assets Contra Assets Current Liability Long Term Liability Owners Capital Contra Capital Contra Revenue Revenue Expenses Therefore the trial balance consists of accounts which having debit credit balances and which all of them are summed up at the end. The trial balance of Valentina Hotel Ltd can be summarised as follows. Current Assets Bank / Cash / Debtors Fixed Assets Contra Assets Building / Equipment / Acc. Depreciation Current Liability Creditors Long Term Liability Long term bank loan / Debentures Owners Capital Ordinary share capital / Retained Profit Contra Revenue Opening Stock Revenue Sales Expenses Salaries / Loan interest / Marketing / Energy / Communication / Rates Insurance / Purchases 03.1.2 Evaluation of final accounts 03.1.2.1 Income Statement. Income Statement of Valentina Hotel Ltd for the year ended 28th February 2010.  £ 000  £000 Sales 2, 040 Less: Cost of Sales Inventory (01/03/2009) 49 Purchases 1, 360 1,409 Less: Inventory ( 28/02/2010) (51) (1,358) Gross Profit 682 Admin Operating Expenses Business rates insurance ( 67 3) 64 Wages salary (262 + 5) 267 Depreciation ( 250 * 25%) 62.5 Communication expenses 36 Energy Cost 49 (478.5) Selling Distribution Expenses Marketing 79 (79) Finance Expenses Debenture interest (200 *6%) 12 Loan interest 4 (16) Profit Before Taxation ( PBT) 108.5 Less: Income Tax (39) Profit After Taxation (PAT) 69.5 Less: Dividend declared ( 100*0.15 ) (15) Retain profit for the period 54.5 03.1.2.1 Balance Sheet. Position Statement of Valentina Hotel Ltd as at 28th February 2010. Assets  £ 000  £ 000  £000 Non Current Assets Cost Acc. Dep. NBV Buildings 400 400 Equipments 250 112.5 137.5 650 112.5 537.5 Current Assets Inventory (28 / 02 / 2010) 51 Debtors 92 Pre -paid Insurance 3 Bank 3 Cash 1 150 Total Assets 687.5 Equity Liability Equity Reserve Stated Capital (  £1 Ordinary shares) 100 Reserves Retained Earnings ( 157 + 54.5 ) 211.5 311.5 Non Current Liabilities 6% Debentures 200 Long Term Bank Loans 60 260 Current Liability Creditors 45 Wages salary payable 5 Debenture interest payable 12 Income tax payable 39 Dividend payable 15 116 Total Equity Liabilities 687.5 03.2 Budget and variance analysis of Valentina Hotel Ltd. 03.2.1 Process and purpose of budgetary controls. According to the Needles et al (2010, pp. 966) budgetary control is the use of a comprehensive system of budgeting to aid the management in carrying out its function such as planning , coordination and controls. Purpose of Budgetary Controls. The purpose of budgetary controls can be recognised, according to the Kotas R. (1999, pp. 177-180) in following manner. Achieving business targets. Delegating responsibilities to the staff. Optimum resource utilisation. To take corrective actions. Well coordination of work. As a basis of future policy Use as a basis of performance measurement Process of Budgetary Controls According to the Needles et al (2010, pp. 966-969) budgetary control process can be identified as follows. Period of Budget. This may be one year or sometimes it can be continuous from previous time to next time. Approach of Budget. Selecting a suitable method to use a budget. Such as zero based budgeting . Implementation of Budget. Implementation should be done after preparing approving the budget for the period. Performance Measurement. Measure the actual performance with budget during the budgetary period. Identification of differences in actual with budgeted performance. By conducting a variance analysis. Take corrective action. Corrective procedures required to produce the performances which are closer to the budgeted performance. 03.2.2 Variance analysis. Computation of RM Variances Raw Material Total Variance = Standard Cost Actual Cost = ( 10,000* $ 10) $ 98, 600 = $ 1,400 F / + Raw Material Price Variance = Qty. Used ( Standard Price Actual Price ) = ( 11,700 * $ 10 ) $ 98,600 = $ 18,400 F / + Raw Material Usage Variance = Std. Price ( Standard Usage Actual Usage ) = $ 10 ( (10* 1,000) 11,700 ) = $ 17,000 (A) / Analysis of variances It has shown $ 1,400 favourable total raw material variance from the budgeted figures. It indicates that actual material cost is less than the budgeted material cost and it is in the, within the controls. Further there is a $ 18,400 favourable raw material price variance from the budgeted figures. This indicates that the actual price is less than the budgeted price. However it has $ 17,000 adverse raw material usage variance from the budgeted figures. This means, RM usage are in out of the controls. Suggestions for appropriate future management actions Take corrective actions to eliminate the over usage of RM. Setting new procedures to reduce the wastage of RM. Implement new controls to monitor the RM usages. Check whether such variance is controllable or not. If it is controllable, then corrective action to be taken. If not a revision of standards is recommended. Task 04. 04.1 Ratio analysis of Audalucia Hotel. Profitability Ratio Gross Profit Ratio of the company has been declined by 15.14% ( Appendix A) compared to the 18.33 % of this year with 21.60 % of last year. Net Profit Ratio also declined by 30.56% ( Appendix A) compared to the 3.59 % of this year with 5.17 % of last year. Apart from that Return On Capital Employed (ROCE) also decreased by 31.73% ( Appendix A) compared to the 8.24 % of this year with 12.07 % of last year. This incurred due to increase in expenses cost of sales. Liquidity Ratios Current Ratio of the company has been increased by 0. 52 times ( Appendix A) compared to the 3.68 : 1 of this year with 3.16 : 1 of last year. Quick Ratio decreased by 0. 50 times ( Appendix A) comparisons to the 2.43 : 1of this year with 2.93 : 1 of last year. This incurred due to over fund usage on closing stock. Efficiency Ratios Inventory Turnover Ratio of the company has been decreased by 36.25 times ( Appendix A) compared to the 17.37 times of this year with 53.62 times of last year. Inventory Turnover Period has been increased by 14 days ( Appendix A) compared to the 21 days of this year with 7 days of last year. Debtors Turnover Period has been decreased by 7 days ( Appendix A) compared to the 39 days of this year with 46 days of last year. Creditors Turnover Period has been decreased by 5 days ( Appendix A) compared to the 25 days of this year with 30 days of last year. This incurred due to over fund utilisation on stock, increase of debtors creditors. Investors / Financial Ratios Earnings Per Share (EPS) of the company has been decreased by  £ 0.21 ( Appendix A) compared to  £ 0.25of this year with  £ 0.46 of last year. This has incurred due to low profit earned during the period and new share issue. 04.2 Appropriate future management strategies for business and service operation. Following strategies to be taken by the management to eliminate the discrepancies identified in the ratio analysis. Reducing the selling price volume of sale should be increased to gain higher revenue. Unnecessary fund utilisation on the stock should be reduced. The JIT stock system to be implemented to minimise the stock handling cost. Take necessary steps to reduce the expenses in regularly. Negotiate with suppliers to obtain longer credit period while asking lower credit period to the customers. Follow proper cash flow management procedure within the organisation. Implement new procedures to attract the customers to the company to increase the sales while conducting discounts promotions. Non Current Asset should have used in very efficient effective manner to generate income from it. Task 05. 05.1 Categorisation of costs of Leicester Square Hotel. Fixed Cost As per the Horngren et al (2009, pp: 28-29) fixed cost is the cost which remained unchanged in total for a given period regardless of changes in volume or activity. Eg : Fixed Cost of the hotel operation  £ 1,600,000 Variable Cost According to the Drury ( 2008, pp. 32-34) variable cost is the cost which changes in direct proportion to the volume of the activity. Eg : VC of Food sales per room  £ 7 VC of Beverage sales per room  £ 2.4 Semi Variable Cost According to the Kinney Raiborn ( 2011, pp. 28-29) semi- variable cost is the cost which consists both fixed and variable components for a given activity. It remains as fixed up to a certain level and beyond that it will be variable based on the volume or activity. Eg : Variable Cost per occupied room  £ 15 VC of Minor operations departments per room  £ 1.2 05.2 Cost / Profit / Volume analysis of Leicester Square Hotel. Computation of Contribution per product / customer ( in  £ ) Description Room Foods Beverages Minor Dept. Total Selling Price 120 20 8 2 150 Variable Cost (Appendix B) (15) (7) (2.4) (1.2) (25.6) Contribution 105 13 5.6 0.8 124.4 (Per product/customer) Net Profit Computation ( in  £ ) Sales ( 150 * 100 * 365) = 5, 475,000 Less : Variable Cost (25.6 * 100 * 365) = ( 943,400 ) Contribution (124.4 *100* 365 ) = 4, 540,600 Less : Fixed Cost = ( 1,600,000 ) Net Profit = 2,940,600 Break Even Point Computation BEP ( in units ) = Fixed Cost Contribution per customer = 1,600,000 124.4 = 12,861.74 ÃŽÂ © 12, 862 ( Customers ) BEP ( in  £ ) = BEP ( in units ) * Selling Price = 12,862 * 150 = 1,929,300 Cost -Volume -Profit Relationship Value (  £ 000 ) TR Total Revenue ( £ 5,475 ) ( £5,475) Profit ( £ 2,940.6) Profit BEP BEP ( £1,929) VC ( £ 934.4) Loss FC ( £ 1,600 ) (Customers ) 0 BEP ( 12,862 ) (36,500) According to the Blocher et al (2006, pp 238-241) Cost-Volume -Profit analysis is the method of analysing how operating decision and marketing decision affects the net income based on the relationship between cost ( VC FC), volume (output level ) and selling price. The hotel is required to sell 12,862 rooms to the customers to achieve breakeven point of sales. According to the Hansen et al ( 2009, pp. 591-595) Breakeven point is the level at which revenue is equal to the total cost and the profit is zero. Since they can obtain  £ 1,929,300 revenue to cover the total cost and beyond that they can earn profit from every additional customers. If the hotel unable to achieve 12,862 customers per annum, they have to suffer with losses. The Hotel can earn contribution of  £ 124.4 from every customer and if they achieve the expected sales level of 36,500 customers , they can achieve  £ 2,940,600 profit for the period. 05.3 Justification of short term management decisions based on CPV analysis. Margin of Safety ( in units ) = Expected Customers BEP Customers = ( 365 * 100) 12,862 = 36,500 12,862 = 23,638 Margin of Safety ( in  £ ) = Margin of Safety ( in units ) * SP = 23,638 * 150 = 3,545,700 Degree of Operating Leverage = Contribution Margin Net Profit = 4,540,600 2,940,600 = 1. 54 ( low risk ) According to the Blocher et al (2006, pp 249-252) margin of safety is the amount or units of sale above the sales. In that case hotel can generate  £ 3,545,700 turnover by 23, 638 customers. It indicates that this hotel investment is worth. As per the Hansen et al ( 2009, pp. 597-598) degree of operating leverage is the ratio of contribution to the profitability. In this case, it shows a lower leverage of 1.54 since it generates lower risk to the future profitability of the hotel. Therefore it is justifiable that management has been taken an optimized and a worth decision regarding this investment. Conclusion. According to the given cases of this assignment is concerned it is clear that practical application of theories in hospitality management is really essential in order to obtain proper decisions to improve the profitability, avoid control deficiencies and smooth functioning of routine operation of the business. References. Book References Banjerjee, B. (2010), Financial policy and Management Accounting, 7 th ed. Prentice Hall Ltd, pp. 47-58. Barrows, C. W. Powers, T. (2009), Introduction to the hospitality Industry, 7 th ed. John Wiley Sons Inc., pp. 3-5. Blocher, E.J., Chen, D., Cokins, S Lin, F. (2006), Cost Management : a strategic emphasis, 3 rd ed. Tata Mc Grow Hall, pp. 238-252. Davis, C. E. Davis, E. (2012), Managerial Accounting, John Wiley Sons Inc., pp. 25-34. Drury, C. (2008), Management and Cost Accounting, 7 th ed. Cengage Learnings, pp. 32-34 Hansen, D. R., Mowen, M. M. Guan, I. (2009), Cost Management : accounting control, 6 th ed. Cengage Learnings, pp. 591-598. Hayes, D. K. Miller, A. (2011), Revenue Management for the Hospitality Industry, John Wiley Sons Inc., pp. 5-20. Horngren, C. T., Datar, S. M., Foster, G., Rajan, M. V. Ittner, C. (2009), Cost Accounting : a managerial emphasis, 13 th ed. Pearson Prentis Hall Ltd, pp. 28-29. Jagels, M. G. (2007), Hospitality Management Accounting, 9 th ed. John Wiley Sons Inc., pp. 20-21. Kinney, M. R. Raiborn, C. A. ( 2011), Cost Accounting : foundations evolutions, 9 th ed. Cengage Learnings, pp. 28-29. Kotas, R. Conlan, M. (2007), Hospitality Accounting, 5 th ed. Thomson Learning, pp. 101-115. Kotas, R. (1999), Management Accounting in Hospitality Tourism, 3 rd ed. Thomson Learning, pp. 99-180. Needles, B. E., Powers, M. Crosson, S. V. (2010), Financial and Managerial Accounting, 9 th ed. Cengage Learnings, pp. 966-969. Needles, B. E. Powers, M. (2011), Principals of Financial Accounting, 11 th ed. Cengage Learnings, pp. 399- 403. Ryan, B. (2004), Finance and Accounting for Business, Thomson One Business School, pp. 355- 391. Sharan, V. (2005), Fundamentals of Financial Management, 2 nd ed. Pearson Educations Ltd, pp. 210-218. Warren, C. S., Reeve, J. E. Duchac, J. E. (2009), Financial Management Accounting, 11 th ed. Cengage Learnings, pp. 270-271. Web References Accounting Ratio Analysis , [online], Available from: http://http://www.ratioanalysis.net [ Accessed on 25th November 2012 ]. Industry Information, [online], Available from: http://http://www.instituteofhospitality.org/info_services [ Accessed on 25th November 2012 ]. Hospitality Industry News, [online] , Available from: http://www.bha.org.uk/category/news [ Accessed on 24 th November 2012 ]. Bibliography. Brigham, E. F. Houston, J. F. (2009), Fundamentals of Financial Management, 11 th ed. Thomson One Business School, pp. 512-525. Jain, P. K. Khan, M. Y. ( 2008), Management Accounting, 4 th ed. Tata Mc Grow Hall, pp. 18-19. Maher, M. W., Stickney, C. P. Weil, R. L. (2008), Managerial Accounting : an introduction to concepts, methods and uses, 11 th ed. Cengage Learnings, pp. 138-147. OFallon, M. J. Rutherford, D. G. (2011), Hotel Management and Operations, 5 th ed. John Wiley Sons Inc., pp. 1-18. Weil, R. L. Maher, M. W. (2005), Hand Book of Cost management, 2 nd ed. John Wiley Sons Inc., pp. 539-548. Weygant, J. J., Kieeso, D. E., Kimmel, P. D. Franco, A. L. D. ( 2009), Hospitality Financial Accounting, 2 nd ed. John Wiley Sons Inc., pp. 260-280.

Color :: essays research papers

What is Color? You are wondering what it is to be a color? Are you a color if you paint yourself white? Is color just an exterior or is it an interior as well? Is the color you are on the outside, the color you are on the inside? Think about it this way, many people in our culture pretend to be something that they are not, just another white man, or just another black man. The fact of life is that you are what you are, and that you cannot, excluding major reconstructive surgery change what you look like. So basically pull out your box of Crayolas and color yourself whatever color you want to be, because everybody is different in their own way. As Webster’s dictionary explains, color is defined 10 different ways. First color can be defined as: a visual attribute of bodies or substances that depends upon spectral composition of the simulating the retina and its associated neural structures. So basically what I am trying to say is that no one color is exactly the same in anyone’s eye. But is it fair to judge a book by its cover, or is it fair to assume that every Twinkie has a different flavored filling, so to speak. In our school alone it is safe to say that there are roughly seventy-five different cultural backgrounds and probably ten different main sects of religion. But it’s unfortunate that people even today are judged by the color of their skin and not the content of their character as Martin Luther King Jr. has said. Even though this is true I feel that it is equally bad that we as a nation group people together stereotyping one person in a group as all the people in a group. So in order to reach n ew heights as a nation we must come together to show that color isn’t everything, and in fact color isn’t anything at all.

How Technology Affects Library Referencing Essay

It is indeed obvious and true how technology generates most of the things that humans deal with today. The global economy as for example is being controlled by massive computer programs for the sake of considerable advancements for the human society. Alongside with this particular advancement, educational sectors also take advantage of the major innovations made through the use of science and technology. As for this matter, it could be noted that library referencing have also been recreated to be able to support the needs of the present generation from referencing the books that are available through the libraries. How is this possible? The existence of numerous technology-based systems that are primarily made to ease the problems of file-fixing in the field of library-based jobs entirely makes the jobs of the Librarians quite easy to deal with today. As it could be noticed, years before, librarians are expected to type in several details with regards a certain book in card catalogs. Not to mention, alphabetizing them and in tall and long ended cabinets is not that easy to do. The procedure indeed takes time and the filing up takes so much space form the library. Seeing this situation, it could be observed that the technological changes that are appreciated by the libraries of the present generation are now able to increase the capabilities of the libraries to hold more students in terms of space and enhance the skills of the librarian in meeting the issues that concern the students in terms of library-based queries since they already have time for this unlike that of the past years? Furthermore, the question: â€Å"How is this possible† points out to one particular focus of discussion; knowing that technology causes changes to the system of cataloging in the libraries, how do these procedures of filing the book-informations so far helpful both to the students and the librarian as well regardless of the obvious disadvantages mentioned earlier? How are the students able to benefit from the technology-fixed files and informations of books? Does technology really affect the procedures of referencing in the future? These questions are the primary discussions that shall be tackled within the context of this paper. Library and Technology Cataloging is an olden time procedure that is made to arrange the collection of books within libraries. Of course, since libraries are considered to have a large collection of reading materials, arranging them into categories helps in the process of researching for the students or plain readers alone. However, this procedure of arranging the files and taking notes of the information with regards a certain book takes much time and effort from the librarians that they are already incapable of doing the primary responsibility that they should be addressing in their profession, assisting the readers. Today, the development of technology aides in libraries have created a radical change within the systems of arranging the files as well as redefined the role of librarians in completing the tasks appointed for them to finish. Several operating systems are created to be bale to assist the librarians and the readers in browsing the books that are collected by a certain library. What is an operating system, and how does it help in the procedure of making cataloging much easier for librarians? What are Operating Systems? Every computer system is controlled by an operating system. A pre-programmed system controls the operations that the computer system is supposed to perform. This mainly pertains to the responsibilities of the computer and how it is able to complete the tasks that are further addressed to its performance. At present, the operating systems are referred to as computer programs that are supposed to manage both the hardware and software systems of the entire computer facilities. There are . five main tasks that the OS performs as a program: †¢Controlling and Allocating Memory This task mainly focuses on the capability of the computer programs to assimilate the memory priorities of the entire computer system. To allocate the memory means designating the memory priorities on which its performance is most needed. †¢Prioritizing System Requests Most of the time, the system follows a â€Å"first Come First Serve† arrangement. As a result, in multi tasking systems the operations are carried on basing on what request came first, and what has been allocated by the system to come in priority. †¢Controlling Input and Output Devices The input devices are the ones used to enter information within the computer memory while the output devices are the ones used to produce hardcopy of the informations entered within the system. The operating systems that is present within the computer makes it possible for the computer device to perform well and do as it is programmed to. †¢Facilitating Networking To be able to connect to others, networking the systems is needed. Once an operating system is programmed to perform such tasks, it would be able to connect two different systems together to be able to have a connected exchange of information and communication as well. †¢Managing Files To manage files means to arrange them on what part of the memory should be utilized by the files. It also sorts out the files with the necessary section of the computer memory should it be stored in. (Source: Warford, J. Stanley. (2005). Computer Systems. Jones & Bartlett Publishers; 3rd edition.. )

Chemistry report Essay Example

Chemistry report Essay Example Chemistry report Paper Chemistry report Paper Introduction: In this experiment, it is a redox titration method to standardize a solution of potassium manganate(VII) by an iron(II) salt (ammonium iron(II) sulphate). So, the word of redox is related to the oxidation and reduction. Oxidation numbers describe the number of electrons the atom will gain or lose during a reaction. Each atom in an equation can be assigned an oxidation number according to certain rules. Oxidation occurs when the oxidation number of an atom increases while reduction occurs when the oxidation number decreases. Potassium manganate (VII) (KMnO4) solution is standardised by titration against the ammonium iron(II) sulphate, FeSO4 . (NH4)2SO4. 6H2O. Potassium manganate is widely used as an oxidizing agent in volumetric analysis. While the ammonium iron(II) sulphate is used as a primary standard to standardize the KMnO4 solution. In this experiment, ammonium iron(II) sulphate crystals are the stable compound that remain as solid in room temperature. Hence, the ammonium(II) sulphate solution is obtained by dissolving into the sulphuric acid, preferably oxygen. During the titration process, the ammonium iron(II) sulphate ionises into iron(II), sulphate and ammonium ions. But, only the iron(II) ions (Fe2+) are oxidized by the managanate(VII) ions (MnO4-). The following equation represents the reaction: MnO4- + 8H+ + 5Fe2+ Mn2+ + 5Fe3+ + 4H2O Throughout the experiment, there is no additional of indicator. Manganate(VII) is an intense dark purple colour. But, there is a colour change of manganate(VII) to Mn+2, which is from dark purple to light pink. At the end of the experiment, the colour of the potassium manganate disappears as it reacts with the iron(II) ions. This is because all the Fe2+ ions are fully reacted, whereas the extra drop of potassium manganate solution will make the titration mixture turn pink. Results: Description Mass (g) Mass of weighing bottle + crystals 23. 35 Mass of weighing bottles 13. 65 Mass of ammonium iron(II) sulphate crystals 9. 70 1. 2. Volume of pipette used = 25. 00 cm3 Burette readings: Titration Number Rough Accurate 1 2 Average Final Reading/cm3 40. 6 32. 20 31. 10 34. 63 Initial Reading/cm3 14. 00 5. 70 4. 30 8. 00 Volume of KMnO4 used/ cm3 26. 60 26. 50 26. 80 26. 63 Summary: 25. 00 cm3 of the acidified ammonium iron(II) sulphate required 26. 63 cm3 of the potassium manganate(VII) solution for reaction. Calculation: 1. Calculate the number of moles of ammonium iron(II) sulphate crystals, FeSO4 . (NH4)2SO4. 6H2O in the weighed sample. No. of moles of FeSO4 . (NH4)2SO4. 6H2O = mass of substance in gmolar mass in g = 9. 70 g56+32+416+214+4(1)+32+416+621+16 = 0. 025 mol 2. Calculate the number of moles of Fe2+ ions in 10. 0 or 25. 0 cm3 of the solution pipetted. No. of moles of Fe2+ = No. of moles of FeSO4 . (NH4)2SO4. 6H2O 250. 0 cm3 of FeSO4 . (NH4)2SO4. 6H2O contain 0. 025 mol of Fe2+ ions, Thus, no. of moles of Fe2+ in 25. 0cm3 = 0. 025250 x 25= 0. 0025 mol 3. Calculate the number of moles of MnO4- which reacted during titration. MnO4- + 8H+ + 5Fe2+ Mn2+ + 5Fe3+ + 4H2O 1 mole of MnO4- = 5 moles of Fe2+ Hence, no. of moles of MnO4- = 0. 00255 = 0. 0005 mol 4. Calculate the concentration of the manganate(VII) ions, MnO4-, in mol dm-3 and in g dm-3. ( a ) in mol dm-3 Concentration of MnO4- = 0. 0005 mol0. 02663 dm-3 = 0. 02 mol dm-3 ( b ) in g dm-3 Mass = no. of moles ? molar mass = 0. 0005 ? 55+4(16) = 0. 06 g Concentration of MnO4- = 0. 06 0. 02663 = 2. 25 g dm-3 5. Calculate the mass of the potassium manganate(VII) ions KMnO4 in 1 dm3 of solution. No. of moles of KMnO4 = no. of moles of MnO4 = 0. 0005 mol Mass of KMnO4 = no. of moles of KMnO4 ? molar mass = 0. 0005 ? 39+55+4(16) = 0. 08 g Discussions: Redox reactions are chemical reactions involving oxidation and reduction occurring simultaneously. Therefore, redox reaction is also known as oxidation-reduction reaction. The number of electrons lost and gained in the both half reactions must be equal. The acidified ammonium iron(II) sulphate, ionises into iron(II), sulphate and ammonium ions. Manganate(VII) ions act as the oxidasing agent, accepting the electrons. Therefore, the iron(II) ions, Fe2+, are oxidized by the manganate (VII) ions in acid medium. As a result, it has undergoes reduction to become colourless manganese(II) ions, in which the oxidation number is decreased from +7 to +2. Reduction half equation : MnO4- + 8H+ + 5e- Mn2+ + 4H2O Meanwhile, iron(II) ions act as the reducing agent, releasing the electrons to become iron(III) ions. So, each iron atom has undergone oxidation, in which the oxidation number is increased from +2 to +3. Thus, the colour changes from pale green to yellow. Oxidation half equation: Fe2+ Fe3+ + e-. Since the manganate(VII) ion is dark purple or violet in colour whereas the manganese (II) ion is nearly colorless, the endpoint in this experiment is determined by the appearing of the light pink in the solution. The redox reaction of this experiment is represented by the following overall ionic equation: 5Fe2+ +MnO4- + 8H+ 5Fe3++ Mn2+ + 4H2O In order to obtain the amount of potassium manganate(VII) which is used to fully react with acidified ammonium iron(II) sulphate, the initial and final readings of the burette is recorded and repeated 3 times, includes 1 for rough reading and another 2 for accurate readings. So, the average value of potassium manganate(VII) is calculated to get a more accurate result. In the summary of this experiment, 25. 00 cm3 of the acidified ammonium iron(II) sulphate required 26. 63 cm3 of the potassium manganate(VII) solution for reaction. There are some precaution steps in this experiment in order to obtain the results more accurately and precisely. During the process of the experiment, the pipette is rinsed with a little sulphuric acid to remove water present inside the pipette. This is the way to prevent the water from diluting the acid that is poured inside the pipette. In the same way, burette is also rinsed with a little of potassium manganate(VII) solution. Besides, a piece of white tile that placed below the conical flask is used to enable us to detect the end point clearly, which the colourless solution changes to a light pink solution. Moreover, the eyes must be placed at the same level as the meniscus of the solution inside the burette in order to obtain an accurate of initial and final readings. References: 1. Eng Nguan Hong, Lim Eng Wah and Lim Yean Ching, 2010. Chemistry SPM. Pelangi, pg 217-219 and pg 462-463.2. (n. a), (n. d). Redox Titrations [Online]. Available from: lahc. edu/classes/chemistry/arias/Exp%208%20-%20Redox. pdf [Accessed 13 September 2012]. 3. (n. a), (n. d). Redox Titration of Ferrous Ion with Permanganate [Online]. Available from: http://faculty. ccri. edu/eterezakis/1100%20Exp%205,%20Iron%20Analysis%20by%20Redox%20Titration%20_egt_. pdf [Accessed 13 September 2012]. 4. (n. a), (n. d). Redox Reaction [Online]. Available from: http://voices. yahoo. com/ib-chemistry-lab-report-redox-titration-3884928. html.

Sleeping Bags Essays - Camping Equipment, Insulators, Bags, Bedding

Sleeping Bags Essays - Camping Equipment, Insulators, Bags, Bedding Sleeping Bags Choosing a Sleeping Bag Listed below are descriptions of the key characteristics differentiating Sleeping Bags. Price We list the Average Street Price (ASP) for a sleeping bag. Although ASP may be higher than the best retail price you can find, it is a good indication of what you may pay at a typical retailer. When an ASP is not available we list the Manufacturer Suggested Retail Price. (MSRP). The price listed is for the standard size sleeping bag. Often there are long (and occaisonally short) versions of the bag as well. The long version typically adds an extra 10 to 20 dollars to the price tag, while the short version is either the same price or a few dollars less. Range: $20 to almost $800. 80% of sleeping bags are between $80 and $450, with a median price of $180. Brand Brand is usually the name of the company that makes the particular sleeping bag, although sometimes companies will produce several brands. Shape Have you ever had the desire to be wrapped up tight just like King Tut? Then look at the mummy shaped sleeping bag, which is specially designed to form fit the body. The mummy is the most popular shape for sleeping bags, with the advantage of being very compact and warm. Still, some people get a little claustrophobic with no room to toss and turn, in which case the semi-rectangular bag is a good choice. It gives you space to store a few things in the bag and move about, without sacrificing the tapered foot area or the mummy-style hood. However remember it is less heat-efficient and a bit heavier than the mummy shape. Rectangular bags are the bulkiest and heaviest of the bags, but they are cheap, roomy, and easy to zip together to form two-person bags. Range: Mummy, Semi-Rectangular, Rectangular Temperature Rating Temperature rating is a hotly debated subject in the outdoor world. It is the indicator of the lowest temperatures (in Fahrenheit) you can use the bag in and still be comfortable. There are no standardized ratings and so each manufacturer provides an estimate. In any case, this number may be different for you personally, according to whether you are a hot or cold sleeper. Use this number as a guideline, but keep in mind your own sleeping habits and choose conservatively according to the coldest weather you think you will encounter when camping. Range: -65 to 60 degrees Fahrenheit. Fill Type Do you prefer down or synthetic insulation? This is the big choice that everyone faces when buying a sleeping bag. Down fanatics will tell you there's absolutely no replacement for a sleeping bag filled with the down from a goose. Down bags are generally warmer, lighter, more durable and more compactible than synthetic bags. They mold to your body to fill the voids that steal heat and compress down to a little pouch at the bottom of your backpack. However, down bags are cold when they get wet, don't dry as quickly as synthetic bags, and can only be dry-cleaned. They are also more expensive. Synthetic bags are cheaper, machine washable, and more water resistant (it's even said they're comfortable when wet, although no bag is comfortable if soaked through). They dry quickly, resist mold and are non-allergenic. If you do a lot of camping in rainy conditions, a synthetic might be the way to go. However if money is no option and you want a high quality sleeping bag that will last three times longer than a synthetic bag, take a good look at down. Range: Down or Synthetic. Water Resistant Shell A wet sleeping bag is a miserable experiencecold and clammy to sleep in and sometimes difficult to dry. Some shells are made of a water resistant material that helps keep moisture out (blocking the wind as well). This is great in difficult weather. However, water resistant shells have their negatives as well. They are not as breathable as non-resistant shells, which means that you may be protected from the elements on the outside, but soaking your sleeping bag with sweat from the inside. They are also more expensive than the non-resistant shells, particularly the DryLoft shell, which can add over $100 to the price of the bag. When deciding if a water resistant shell is important to you, consider the weather you plan to be camping in to help you decide if the investment is worth it. Range: Yes or No. Insulated Draft

How Might Corporate Social Responsibility Impact on an Organisation Term Paper

How Might Corporate Social Responsibility Impact on an Organisation - Term Paper Example Corporate Social Responsibility is the responsible relationship borne by business entities towards their stakeholders, community, and the environment. The stakeholders include customers, suppliers, employees, investors, and the communities. CSR is the realization of business contributions to sustainable development goals (World Bank, 2007), through the alignment of business operations with social values (Coors and Winegarden, 2005). Broadly, CSR can be measured by its contribution to society through its core business activity, social investment, and philanthropic activities. In business parlance, CSR is often termed as Corporate Citizenship. Corporate Social Responsibility emerged as a field of management studies in the 1950s (Banerjee, 2007). It is increasingly being accorded importance worldwide. CSR is important because an enterprise uses public money and survives on public money. As such, it has to invest a measure of its profits in the public. This investment in physical infrast ructure and social capital has become a necessary part of doing business. CSR promotes fairness and justice in society. Corporate Social Responsibility promotes sustainable development by bearing greater accountability towards issues of environmental and societal importance. CSR has come to be adopted as a sound business practice for small and large organizations. A company’s social responsibility and the activities carried out thereof are well-documented in the CSR reports that are often released along with Annual Reports. Nourick and OECD (2001) point out that socially responsible behavior is not limited to multinational organization alone, but is as relevant to SMEs (Nourick and OECD, 2001). Corporate Social Responsibility is different from other philanthropic activities like charity, making donations, employee welfare, etc. Corporate Social Responsibility far transcends the traditional methods of doling out donations and making charities used to carry a more public savvy image.

The impact of the emergence of China and India on the world economy Essay

The impact of the emergence of China and India on the world economy - Essay Example The concept of "emerging markets" was suggested by the International Finance Corporation to describe the developing economies with the extraordinary potential for rapid growth. According to statistics, majority of the emerging markets have transformed and improved their economic performance over the last two years. Moreover, the total output of the emerging markets (led by China) represents more than half of the global gross domestic product (Siddiqi 2006, p. 48). In 2005, the emerging markets combined GDP by $1.6 trillion outpacing the $1.4 trillion of advanced economies! China and India account for 20 percent of the total increase and have the share of 42% in total merchandise exports. United States, Eurozone and Japan are exporting more than 50 percent of total exports to developing countries. There are three factors which prompted the emerging markets on the higher growth: export-led growth fuelled by increasing American import demand, increased commodity prices and low interest rates (Siddiqi 2006, p. 49). ... India and China have contributed 30 percent of the global growth between 2000-2005 and their share in the world trade has increased from 7 percent to 15 percent. They have doubled their contribution to world economy in only five years. International corporations are increasing their operations in China and India. Moreover, India and China are also increasing their activity on the international business arena. For example, India's Vedanta Resources invested in Zambia's Konkola Copper Mines and China National Petroleum Corporation has actively invested in African oil-production countries (Siddiqi 2006, p. 51). The stable commodity markets, reflecting the demand for energy and natural resources, have enabled China to overtake Japan as the second largest oil importer after United States. BRIC countries account for 20 percent of world oil demand, while Indian intellectual property second has ensured that its government takes the lead in the negotiations within World Trade Organization. India's annual growth rate is at least 6 percent and even before 1991 when India's finance minister began to dismantle the post-colonial license Raj of state regulation of the economy, the national growth was above 3.5 percent a year (Luce 2006, p. 23). Despite of the rapid growth, more than one-third of global poor population lives in India. Even with a such a high number of poor people, India might capture the large share of the global software, manufacturing, pharmaceutical, and automobile components markets. India's growth derives from the service sector: information technology, back office processing, outsourcing, finances, medical services, media services and consumer industry. China's growth, on the contrary is based on manufacturing