Top Ten Countries Research Paper Example | Topics and Well Written Essays - 500 words

Top Ten Countries - Research Paper Example Our management team found that none of the ten most populous countries are included in the list of the top ten countries for population growth. Indeed, China is in 152nd place for population growth, while India takes 86th place. The United States is 114th; Indonesia is 111th; Brazil is 104th; Pakistan is 75th; Bangladesh is 76th; Nigeria is 59th; Russia is 223rd; and Japan is 215th (Central Intelligence Agency, 2002). The top ten countries for population growth are (in descending order): Zimbabwe, Niger, Uganda, Turks and Caicos Islands, Burundi, United Arab Emirates, Gaza Strip, Ethiopia, Western Sahara, Burkina Faso (Central Intelligence Agency, 2002). Zimbabwe is 72nd in population; Niger is 62nd; Uganda is 36th; Turks and Caicos Islands is 209th; Burundi is 81st; United Arab Emirates is 114th; Gaza Strip is 149th; Ethiopia is 13th; Western Sahara is 170th; and Burkina Faso is 61st (Central Intelligence Agency, 2011).

Management accounting system Essay Example | Topics and Well Written Essays - 750 words

Management accounting system - Essay Example A cost management system for Skytop would provide information to make life easier for all involved.Cost accounting system will assign costs (costing) to specific products (meals, room per night, gaming machine round, etc.) and services (cleaning, room service, meal preparation, etc.) and other cost objects as identified by management. This in-turn will satisfy the financial reporting requirements then management decision-making essentials. For example the General Manager gets to know the actual cost of a room to make the pricing decision; the HR Manager is informed of the actual cost of each staff (salary, benefits, etc.) for HR related decisions; the Marketing Manager would be able to find out actual profit (revenue from the campaign minus the actual cost of the campaign) generated by a specific marketing campaign; the respected owners will be informed of the actual cost of keeping a hotel and would be able to make related decisions. Operational control system on the other hand will provide accurate and timely feedback concerning performance; the activities that should be performed and evaluation of those activities (controlling). Furthermore it concentrates on finding scope for improvement and aids in the planning process. In other words helps planning realistic budgets (uses information from cost accounting system as well) and accordingly enables performance control. For instant all managers will be able to compare budgeted costs to actual costs, understand the difference and thereby use the information to find means of improvement e.g. cost cutting, hire new staff, changing the menu policy, etc. The owners too can conduct performance evaluations of the management, measure actual return on investment and assess hotel’s growth in financial and non-financial terms. b) Type of information required For efficient function of the system the management will be required to gather variety of information both fina ncial and non-financial. The sources of this information could be from both internal (within the company) and external sources (external environment for comparison purposes). The internal information from within the company which are financial such as cash flows, labor charges, material costs etc Also non-financial information such as time records (labor hours, meal preparation time), stock levels, quality measures, customer feedback ratings, etc. The external information from the environment would typically include global competition, growth of the hotel industry, advances in information technology, advances in the food preparation, customer orientations, new product development, total quality management, time as a competitive element, and efficiency. Depending on the budgetary control system and the reporting system that is used these information would be required regularly on daily, weekly, monthly and even yearly basis. c) Key cost drivers A cost driver is an activity or factor that originates costs. Activity based costing which is considered to be the most realistic and accurate method of costing requires identification of cost drivers. Thus, ‘Number of rooms’ night’ and ‘number of stays’ is two of the key cost drivers that are widely used in the hotel industry (Pavlatos & Paggios,

A Revised Income Statement, The Contribution Margin Approach Research Paper

A Revised Income Statement, The Contribution Margin Approach - Research Paper Example The per unit fixed manufacturing overhead is computed by dividing the total fixed overhead cost with the budgeted units produced. In the mentioned question, the total fixed overhead cost was calculated by dividing $1.6 million with the production capacity of 400,000 units. Thus, every unit produced has fixed manufactured absorbed at $4 per unit. In the discussed scenario the units produced and budgeted units are assumed to be same thus, the question of over and under absorption of overhead does not arises. As apparent from the above analysis, under the marginal costing method, both the net profit and the contribution margin will increase by $229,000 if the company decides to sell additional 10,000 units. This represents an increase of 4.49% of the current profit. Whereas, in the income statement as per the absorption costing method, the net profit increases by $189,000 and the gross profit shows an increase of $201,000. The following table also highlights the revised net profit percentages. Absorption costing method is usually discouraged due to the fact that in this system of costing a portion of fixed cost is subsequently carried over to the next accounting period as part of the closing stock. This can distort the profitability presentation of the period by including fixed cost of the prior period in the current period. In addition, absorption costing also depends on the on the levels of output and if the output changes, its consequent impact is on the per unit cost of the product. From the managerial perspective, the marginal costing is the more relevant method for the analysis of cost and revenue information. This method of costing significantly assists the management in decision making process. In addition, the presentation of marginal costing is easily understandable by all the managers. Keeping all the above factors into consideration, it is more relevant for the CFO of

Utilitarianism view on a dilemma Essay Example | Topics and Well Written Essays - 1000 words

Utilitarianism view on a dilemma - Essay Example If we have chosen the option A and it has a great number of happy consequences as compare to option B, then the decision will be perfect. That all depends upon the great number of goodness. The ethical dilemma, which we have given, is a critical one. According to this dilemma, if a ship is sinking and there is only one life boat on the ship. The life boat has the capacity of only ten people but there are thirty people stranded in the sinking ship. The captain has two options for the utility of the life boat. One is to kill twenty people and save the rest of ten people in the life boat. On the other hand, he may let all them to die on a natural death and thus no one would be killed. In this situation, the dilemma is not of great number of goodness rather it can be explained using the lesser number of sorrow, pain or sadness while selecting anyone option. In this situation, the captain has no choice of having great number of goodness rather he can select only the option where he may have less sorrow over the consequences. If he selects the option of saving ten people on the utility of the life boat then there will be happiness that at least he has saved some people from the danger of death. In this option, he can fully utilize the opportunity of the utility of life boat. However, the dark side of this decision is the killing of more than ten people. This means that if he is saving ten people from death then on the other he is pushing twenty people to towards the death. Here in this situation the number of happiness is less as compare to the number of sorrow or the number of pain. We can say that under the umbrella of utilitarianism, the captain might not go with this decision that he can save ten people while pushing twenty other people to the death. The captain has another second option to adopt for the people. He may not kill any person in the sinking ship rather they may die their natural death. This means that he does not

A Midsummer Night's Dream Essay Example | Topics and Well Written Essays - 500 words

A Midsummer Night's Dream - Essay Example As these two characters appear in the daylight, including as the sun is rising in the final act, it can be said that they symbolism order and light, in contrast to the instability and darkness that the rest of the play is shrouded in. They are used to begin the play and to end it, again bringing with themselves a sense of order and direction. The love potion is yet another symbol in the play. The fairies become reckless with the love potion, causing many of the characters to become crazy and infatuated with each other. Titania falls for Bottom, while Demetrius and Lysander cannot seem to make up their minds about whether they are in love with Hermia or Helena. Therefore, the love potion symbolizes the erratic, powerful nature of love. Even though the crazy love seen throughout this portion of the play is due to a potion, there really is no difference that can be seen with love that comes naturally. Love causes everyone to act in peculiar, humiliating ways. Nature, though a smaller symbol than others in the play, is still a symbol. It symbolizes the fantasy that the play encompasses. Most fantasy tales, especially those dealing with fairies and the like, take place in a natural setting as this increases the visual appeal of this fantasy world and the situations within it. The nature within this play simply symbolizes the fantastical aspects of the story. The moon is perhaps one of the greatest symbols found within the play. However, the moon is a different symbol to each character of the play, enhancing its purpose to the plot and overall story. At night, when the moon is out, is when the craziness of the play is in full swing. Once the sun rises and the rooster shrills his good mornings, things calm down again. It is in this that the moon symbolizes the erratic changes of human behavior - something that can easily be seen, and has been proven, in real life. When the moon is evident in the play, the characters usually are acting up and in ways that are

How are fashion and appearance central to the construction of social Essay - 1

How are fashion and appearance central to the construction of social identities Discuss, with reference to specific examples - Essay Example Fashion has always directed humans to create a self-identity and is craved according to the geographical location and cultural or religious discourse. Dress is not just mere apparel; it is symbolic of social, cultural and economic identity. It is a very poignant determining factor for social status and cultural block. Looking at the fashion of a gentleman or lady, one can determine the respective class, society or his geographical belonging. Thus, dress is a medium to hide many lacunas of human life and characteristics with gleaming shine or brightness. Since the inception of fashion in human civilization, it had been quite instrumental in designing and determining socio-cultural identity transcended sometime beyond the mere periphery of ethnic identity. The greatest instance in this regard is the subculture that evolved from the Lolita culture in Japan. A fashion statement which becomes so popular in the Asian province of Japan, actually originated from the Victorian style of clothing. With this the fashion trend from the Rocco period also influenced the Lolita fashion. Lolita fashion attained its unique stature by mingling gothic elements into the pertaining fashion statement to its context. Through the passage of time, Lolita fashion has evolved into myriad of sub styles which gave birth to a devoted subculture in Japan. The Lolita look essentially consists of a skirt or dress up to knee-length along with a few other kinds of dress elements such as headdress, blouse, petticoat, knee high shocks along with shoes that are of rocki ng horse kind or high heel or platform shoes (Yoshinaga & Ishikawa, 2007). The exact origination of Lolita fashion is not clear but it gained its popularity and started reaching many parts of the world during the movement that started during the period of late 1970s when famous brands and labels namely Pink House, Milk and Angelic Pretty began to sell clothes that was about to be considered as

Literature Review on Digital Economy Essay Example | Topics and Well Written Essays - 2250 words

Literature Review on Digital Economy - Essay Example Experts report that during the time of introduction of this tool to the world, policymakers explored the possibility of IT making a large impact, but in vain. This failure of IT became reinforced again in the 1990s, when IT began to revolutionize the world economy but again plunged into disaster with the â€Å"dot-bomb† implosion, the 2001 recession, and the NASDAQ collapse. These disasters have led to experts and policymakers forfeit confidence in the concept of IT and digital revolution. Nicholas Carr (2003, pp. 10) evaluated this technological tool by claiming that the improvements that it had the potential to bring about had either already been introduced, or were in the process. This statement represented the prevailing view of IT at that time, as people had started considering it insignificant for individual firms as well as the overall economy. This conclusion was a premature and incorrect one; as the technology went on to completely revolutionize the economy much more than initial prediction. This literature review aims to analyze the reasons behind this faltering confidence during these times. As one can observe in the world today, digital development in the economy is at a level that far exceeds earlier forecasts. However, contrary to predictions, this revolution has not come about due to a rise in e-commerce and other internet-related phenomenon. Instead, the main factor behind this revolution was the way people have managed to adopt IT in almost every aspect of life, inside as well as outside work. This digitally enabled economy was then able to achieve immense growth and prosperity in every aspect: education, business, trade, as well as monetary policy. One large factor behind this accelerated growth was the investment that firms made in software, hardware, as well as services related to IT and communications. It boosted productivity up to five times more than other capital such as buildings and plants could. The large role of IT in this major economic development i s apparent in the fact that sixty-seven percent of total factor productivity growth during the period of 1995 and 2002 was due to IT implementation in the US (Jorgenson et al, 2005). It also boosted the labor productivity in developing nations, and it is considered the main driver behind innovation and productivity growth in the recent years. Despite the major contributions of IT to the economy, not much research has gone into exploring the depths of this contribution. Through this literature review, we attempt to carry out this exploration. More specifically, we will be looking into the contributions of IT in ‘improving the quality of goods and services. A common misconception is that the scope of digital economy is limited to e-commerce. Its actual scope includes all applications of technology in the economy, including that of hardware, applications, and telecommunications. Each of these tools of IT has important applications in areas such as intercompany transactions, data management, internal processes in organizations and vendor-customer relations. These benefits apply to firms regardless of whether they belong to the public sector or the private sector. The revolution to the economy that information technology has brought about is comparable to the revolution that hardened steel brought to the industries a century ago, when it taught them how to construct steel tools that helped boost productivity immensely. Furthermore, it is difficult to grasp the true pervasiveness of IT in the world. It not only exists in technological