Frazer Group and Caribou Essay Example | Topics and Well Written Essays - 750 words

Frazer Group and Caribou - Essay Example Its pronouncements have been applied in reporting of minority interests (Morgan et al 2009). What auditing standards are used by the external auditors? The independent auditors have applied guidelines forwarded by the Auditing Standards Board (ASB) which issues pronouncements on auditing practice (Dauber, 2009;Rittenberg et al 2011). Analyze and comment on the differences in the annual statements found on the companies' websites. Provide a few specific differences in content and format. The major differences in the two companies’ financial records are evident in the Balance Sheet and Consolidated cash flow statements. To start with the balance sheets, Frazer Group Items are represented under three main classes; Current assets, Current liabilities and Equity. This is different from Caribou’s Balance sheet which has clear entries for, Assets (both current and non-current), Liabilities, Equity, and Minority Interests (Whittington et al 2011). In regard to consolidated cash flow statement, Caribou’s has clear entries for, Cash Flow for Operating Activities, Cash Flow from Investing Activities, from Financing Activities, and Net increase/decrease in cash and cash equivalents. This is quite different from Frazer Group’s which clear entries for, operating activities, investing activities, and financing activities appearing less complex (Whittington et al 2012). Which one of the two companies is the most profitable? Financial records reported in "000,000" CARIBOU COFFEE FAZER GROUP 2010 2009 2008 2010 2009 2008 Tangible assets 101.725 93.727 89.572 378.1 389.6 369.4 Shareholders’ Equity 62.466 50.776 44.008 126.5 120.4 118.8 Stocks 25.931 13.278 10.724 57.2 51.5 46.8 Retained Earnings 12 7 0 310.5 300.9 275.4 Turnover 242.293 283.997 262.539 1513.6 1441.1 1159.7 Personnel costs 105.993 101.169 99.865 508.7 480.9 477.6 Operating profit 15.193 10.107 5.541 58.5 44.5 135 Profit before taxes 14.926 9.721 5.306 58.4 32.9 31.9 Net profit 9. 797 5.138 4.825 58.4 32.9 24.6 Operating profit before WC 7.517 15.594 10.264 148 112.3 102.7 Dividends received 1.1 1.2 1.1 Cash from operating activities 23.092 23.578 22.462 117.7 118 116.5 Fazer Group is by a large extent the most profitable company. Looking at the net profit generated in the three years, 2008-2010, Fazer Group had an increasing profit ranging between $24.6 million to $58.4. The financial year, 2009-2010, was the Group’s most profitable year (Fazer Group 2010). This is unlike Caribou Coffee which in the three years under examination recorded a net profit ranging, $4 million to $9.7 million (Caribou Coffee Financial Records 2005-2011). Financial year 2009-2010, was the company’s most profitable recording a net profit of $9.7 million. Looking at the figures recorded, based on net profit which is a reasonable pointer of a company’s profitability it is clear that there is a marginal difference in profitability in favor of Fazer Group (Weirich et al 2012). Compare growth of revenues versus income over time and between the two companies. In this case, the basis of the revenue growth is sales. Starting with a look at Fazer Group which is by far the bigger of the two entities we realize an irregular growth in revenue in the three years under observation. In 2008, the company’s sales were $369.4 million, in 2009, the sales increased to $389.6 million, later in 2010, the sales declined to $378.1 million. This represents a growth of 5.5% in sales for the year, 2009-2010, and a growth of -2.95% for the year

AIDS is a global enormity Research Paper Example | Topics and Well Written Essays - 1500 words

AIDS is a global enormity - Research Paper Example HIV is a virus that is not able to live exterior to human body, therefore for its transmission no vector comes under need, and it is necessary for humans to have intimate connection with each other. Transfer of human body fluid is the only potential mode for transmission of infection. This means that HIV can come under transmission through sexual intercourse. Through many research conducted by specialist, the fact have been revealed that a critical portion of the female population have contracted HIV infection after a heterosexual contact. If a person has more than one sexual partner, he or she is more likely to enter the risk of HIV infection through the exchange of semen and vaginal fluids. In addition, in the Western world, studies show that both male and female prostitutes are under high risk of suffering from HIV infection as most of them practice unprotected sexual intercourse. The chief cause for contraction of HIV infection is the heterosexual contact throughout the world and the cases are increasing at an unprecedented rate.Another mode of transmission of the AIDS-causing virus is through the usage of intravenous injection that already carries the germs of HIV on it. If the sharing occurs between a HIV positive person and an uninfected person, it can lead to the transfer of the HIV from the infected person to the uninfected one through the contaminated needle. When the same equipment(s) comes under usage for an uninfected person, it may enter into his blood stream through any opening in his skin... In order to prevent the spread of HIV and AIDS it is necessary to take proper measures. It is of high importance to make a barrier between body fluids to curb down the chances of exchange of materials including HIV from them. Male and female condoms are considerable protections that can act as a hurdle between body fluids. Awareness programs and campaigns can work a great deal. People should understand the preventive measures of the spread of this infectious disease. In many countries, people do not discuss about sexual issues openly and consider it unethical. Their mindset can come under alteration through awareness about the nature of the disease. In order to encourage people for using precautions, government of poor nations should provide their citizens with free condoms.Another preventive measure on the part of the medical workers working in the laboratories where blood tests come under performing is that they should cover their bodies properly with lab coats, gloves, goggles, an d masks. This prevents the invasion of HIV into their bodies via any wound. Programs should focus on discouraging the drug users from taking drugs, but as it will take a long time to convince them, meanwhile a scheme should come under offer, which provides the drug users with sterilized needles in exchange of contaminated ones. When a donor donates blood, it should come under high profile testing to check for the presence of HIV so that the recipient can come under protection from getting the infection.Mode of transmission of the AIDS causing virus is through the usage of intravenous injection that already carries the germs of HIV on it. If the sharing occurs between a HIV positive person and an uninfected person, it can lead to the transfer of the HIV from the infected person to the uninfected one.

The Corn Laws in 1846 Essay Example for Free

The Corn Laws in 1846 Essay Peels decision to repeal the Corn Laws in 1846 was arguably influenced by the mass campaigning and debate aroused by the Anti-Corn Law league, however, it must be considered that there were a number of other important factors that contributed to Peels choice. It can be argued that it was rather more down to Peels free trade and other economic principles that the Corn Laws were eventually repealed in 1846. The Anti-Corn Law league was certainly a major force in the years leading to repeal. It was the first National repeal movement, setting it apart from the numerous other Anti-Corn Law associations that had existed in the past. This national concept ensured that the movement had a very large following and was very well funded. Unlike the Chartist movement, the League was decidedly middle-class and in this gained a greater respectability; however, it still faced considerable suspicion from the Aristocracy. They were from the start suspected of wanting to destroy the Aristocracy, and this limited their political impact. Modern historians have suggested that despite outwards appearances of respectability, it was in fact an instrument of class war The league was very well funded; at just one meeting in October 1842, they raised over à ¯Ã‚ ¿Ã‚ ½50,000 and this funding enabled a huge campaign of leafleting and supporting candidates who were sympathetic to their aims at election. Despite this, evidence of their success is limited; at their peak in 1843, they had only managed to get four MPs into commons. This suggests that their influence on Peels decision to repeal the Corn Laws was not very great. However, there was an economic dimension to their campaign, and it is this intellectual argument that could be considered as influential in Peels decision to repeal the Corn Laws. Many members of the Anti Corn Law League were strong supporters of the new economic principles like free trade, and had reasoned that the Corn Laws were responsible for their low profits. The Corn Laws meant that the price of bread was relatively high, as it taxed the staple ingredient, wheat. As bread was a key part of the diet of the time, the factory owners had to pay higher wages to cover workers food costs, which meant that they were unable to maximise their profitability. A further effect of the high food prices was the lack of disposable income; people had to spend such a high proportion of their wages on food that they could not afford much else, so there was very little demand for consumer goods. This coupled with the damage that protection did to Britains export market, meant that the economy was slow, and was not developing and expanding into new areas a worry for Peel, who placed the economy very high on his list of priorities. However, many historians are of the opinion that so compelling was this argument that even without the league, the Corn Laws were already threatened. However, Peel had other influences that could have played a part on his decision to repeal the Corn Laws. The potato famine in Ireland caused a problem for Peel. He already faced opposition from many religious groups over the immorality of keeping prices high; they cited the phrase [he] that witholdeth corn, the people shall curse him from the bible to illustrate their argument. For the government to be seen to be so openly keeping the price high whilst its people were starving was embarrassing for the government. Although the famine would not be affected by the repeal, so cannot be considered the cause, Evans suggests that it provided the occasion for it. There is also the argument that Peel was simply being pragmatic in his decision to repeal the Corn Laws. Although Boyd Hilton suggests that Peel had decided that the Corn Laws had to be repealed as early as 1828, there is no direct evidence to suggest that even before 1844 Peel had made the decision to repeal the Law. In the election of 1841, over half of Tory candidates put forward the maintenance of agricultural protection as the main issue in their manifestos, and, as Evans wrote, the 1841 election was properly a victory for Protectionist Toryism, not Peelite Conservatism. In 1842, Peels public position remained that he was improving the Corn Laws, and was not intending to repeal them. It was not until 1843 that Peel mentioned ideas of removing agricultural protection to close colleagues. Even then, it can be seen merely as a response to the extraordinary economic recovery of Britain following the success 1842 budget, which lead many to believe that complete free trade was the way forward. Following the 1845 budget in which even more tariffs were reduced and eliminated, the Corn Laws increasingly stood out as an anomaly that was unjustifiable. Therefore, we can consider that it was not Peels free trade principles that lead him to his decision. The evidence suggests that although the Anti-Corn Law league was a formidable force in terms of its vast resources and stirring up of argument, it did not in fact have much impact on Peels decision. Peel was more concerned with the economy, and whether it is argued that he was committed to free trade early on or decided that it was a good idea after the experimental 1842 budget we can conclude that it was this preoccupation with the economy that was the main spark for Peels decision to repeal the Corn Laws. However, the issue of Ireland must also be considered, and although repeal would not have an effect on the situation there, it provided an occasion for Peel to complete the development of Britain into a free trading nation.

Sympathy for a Murderer in Richard Wrights Native Son :: Native Son Essays

Sympathy for a Murderer in Richard Wright's Native Son In Native Son, Richard Wright introduces Bigger Thomas, a liar and a thief. Wright evokes sympathy for this man despite the fact that he commits two murders. Through the reactions of others to his actions and through his own reactions to what he has done, the author creates compassion in the reader towards Bigger to help convey the desperate state of Black Americans in the 1930’s. The simplest method Wright uses to produce sympathy is the portrayal of the hatred and intolerance shown toward Thomas as a black criminal. This first occurs when Bigger is immediately suspected as being involved in Mary Dalton’s disappearance. Mr. Britten suspects that Bigger is guilty and only ceases his attacks when Bigger casts enough suspicion on Jan to convince Mr. Dalton. Britten explains, "To me, a nigger’s a nigger" (Wright 154). Because of Bigger’s blackness, it is immediately assumed that he is responsible in some capacity. This assumption causes the reader to sympathize with Bigger. While only a kidnapping or possible murder are being investigated, once Bigger is fingered as the culprit, the newspapers say the incident is "possibly a sex crime" (228). Eleven pages later, Wright depicts bold black headlines proclaiming a "rapist" (239) on the loose. Wright evokes compassion for Bigger, knowing that he is this time unjustly accused. The reader is greatl y moved when Chicago’s citizens direct all their racial hatred directly at Bigger. The shouts "Kill him! Lynch him! That black sonofabitch! Kill that black ape!" (253) immediately after his capture encourage a concern for Bigger’s well-being. Wright intends for the reader to extend this fear for the safety of Bigger toward the entire black community. The reader’s sympathy is further encouraged when the reader remembers that all this hatred has been spurred by an accident. While Bigger Thomas does many evil things, the immorality of his role in Mary Dalton’s death is questionable. His hasty decision to put the pillow over Mary’s face is the climax of a night in which nothing has gone right for Bigger. We feel sympathy because Bigger has been forced into uncomfortable positions all night. With good intentions, Jan and Mary place Bigger in situations that make him feel "a cold, dumb, and inarticulate hate" (68) for them. Wright hopes the reader will share Bigger’s uneasiness. The reader struggles with Bigger’s task of getting Mary into her bed and is relieved when he has safely accomplished his mission. Sympathy for a Murderer in Richard Wright's Native Son :: Native Son Essays Sympathy for a Murderer in Richard Wright's Native Son In Native Son, Richard Wright introduces Bigger Thomas, a liar and a thief. Wright evokes sympathy for this man despite the fact that he commits two murders. Through the reactions of others to his actions and through his own reactions to what he has done, the author creates compassion in the reader towards Bigger to help convey the desperate state of Black Americans in the 1930’s. The simplest method Wright uses to produce sympathy is the portrayal of the hatred and intolerance shown toward Thomas as a black criminal. This first occurs when Bigger is immediately suspected as being involved in Mary Dalton’s disappearance. Mr. Britten suspects that Bigger is guilty and only ceases his attacks when Bigger casts enough suspicion on Jan to convince Mr. Dalton. Britten explains, "To me, a nigger’s a nigger" (Wright 154). Because of Bigger’s blackness, it is immediately assumed that he is responsible in some capacity. This assumption causes the reader to sympathize with Bigger. While only a kidnapping or possible murder are being investigated, once Bigger is fingered as the culprit, the newspapers say the incident is "possibly a sex crime" (228). Eleven pages later, Wright depicts bold black headlines proclaiming a "rapist" (239) on the loose. Wright evokes compassion for Bigger, knowing that he is this time unjustly accused. The reader is greatl y moved when Chicago’s citizens direct all their racial hatred directly at Bigger. The shouts "Kill him! Lynch him! That black sonofabitch! Kill that black ape!" (253) immediately after his capture encourage a concern for Bigger’s well-being. Wright intends for the reader to extend this fear for the safety of Bigger toward the entire black community. The reader’s sympathy is further encouraged when the reader remembers that all this hatred has been spurred by an accident. While Bigger Thomas does many evil things, the immorality of his role in Mary Dalton’s death is questionable. His hasty decision to put the pillow over Mary’s face is the climax of a night in which nothing has gone right for Bigger. We feel sympathy because Bigger has been forced into uncomfortable positions all night. With good intentions, Jan and Mary place Bigger in situations that make him feel "a cold, dumb, and inarticulate hate" (68) for them. Wright hopes the reader will share Bigger’s uneasiness. The reader struggles with Bigger’s task of getting Mary into her bed and is relieved when he has safely accomplished his mission.

Burger King Corporate Social Responsibility

Assignment Corporate Social Responsibility (CSR) refers â€Å"the ethical principle that a person or an organization should be accountable for how Its acts might affect the physical environment and the general public† dobber, D. & Fahy, J. , 2009). Nowadays, CSR programme Is a global trend, which Is encouraged by the government. It also helps the company in partnership and investment opportunities. On the other hand, CSR programme can enhance the company's Image In the consumers' views. It would be very effective In a competitive market.And furthermore, CSR programme can Improve he productivity and reduce the producing cost for the company. For these reasons, all kinds of business have began to focus on their CSR programme as responding to the sociality concerns In various ways. Burger King corporation (BKC) Is a global chain of hamburger fast food restaurants. 3K Is founded In 1954 by James McLamore and David Edgerton. In the end of 2012, It has a total of 12,700 outlets In 7 3 countnes. Recently, BKC has lust arnved to Vietnam. BKC Is located In Hanoi, Da Nang, and Ho Chi Minh City.However, BKC does not seem to provide a good marketing campaign here. BKC has installed several CSR programmes in other countries but not in Vietnam yet. To implement a CSR programme is a way ot marketing it to Vietnamese society. The problem in Vietnam market is Vietnamese people are not used to tast food due to culture differences. They also care a lot about their looks, their healthy, especially obesity problem. People in ages of 16-35 are the main customer target of BKC, However, the rate of obesity of people in these ages is increasing rapidly.

Internet as a Form of Communication and Its Misconception

One of the most talked, known and controversial issues today is the Internet. Internet is a large network made up of a number of smaller networks. Almost every computer in an educational facility and in home and small office use is connected to some type of a network. People spent a lot of time on the Internet, which may make them seem isolated. However, the Internet does not foster isolation, because it may be used for many different things like communication, education, problem solving and etc. The concept for the Internet was to make a link in to a new world, a world that has many different opportunities within its self. To gives the people options to go to China, Italy, and Egypt without spending a lot of money on the trip. To open new experiences and ideas that are just a click of a button away. The idea of going on to the internet for almost every thing may make the person seem isolated. Isolated from people, form culture, from education, from communication to other people, but in reality they are not isolated. The internet gives variety. It might not give physical opportunity to visit Japan or Russia, but it gives almost the same emotional and cultural experiences. A person does not have to read a newspaper on the train or go to an art gallery to be cultured and not seem isolated; a person just has to do what feels right at a certain time. The Internet also gives a misconception about communication. Internet is a different world that has the idea of communication in a different perspective. To communicate people don†t have to see one another, or hear one another they just have to be able to understand one another. The Internet provides just that. This may seem like isolation because no physical contact is present, and some or all of the things that are said might not be true. This is a misconception. People that are talking face to face with one another might be lying or might not be; the same is said for the Internet conversations. â€Å"People whose physical handicaps make it difficult to form new friendships find that virtual communities treat them as they always wanted to be treated† (Rheingold 206). Equality and understanding is the key, and the virtual community provides that and much more. Advice is also one of the keys for equality and understanding. As we all know advice in today†s world is not free, and most of the time you need to make an appointment to get that expansive help. The internet provides advice that is free and at the same time on the spot. In Urbana, Illinois, the Federal Department of Education has set up a network for parents, teachers, community workers, and etc. that have questions concerning children, financial assistance, educational assistance, and etc (Thomas). The Internet is not only for fun and games, but it is also for problem solving of all types. This is not the only site of this sort; Howard Reingold logged onto the Well, when he needed an answer in a matter of seconds. What amazed him when he logged on â€Å"wasn†t just the speed with which we obtained precisely the information we needed†¦it was also the immense inner sense of security that comes with discovering that real people†¦are available, around the clock, if you need them† (Rheingold 202). The idea of Internet advice may seem like isolation, but it is not. It helps people with real problems to get real advice. The ones giving advice once were getting some type of advice. The idea behind these help links are for real people to talk to real people not necessarily professionals, but with people who had real life experiences, and who see it on a more personal level. This gives emotional support to those who need it and trust that just comes along. Although the internet brings communication to different communities as well as different individuals, it also plays as an educational source. Many educational facilities are starting to conduct courses on the Internet. They are also using â€Å"Web pages to post class materials and other resources† (Mendels) for student on the Internet for faster and easier access by the students. Some educators are also requesting and requiring for their students to have an e-mail address. An e-mail address gives less paper work for the professor, and an easier access of the professor for questions and faster responses. Since the demand of computer knowledge has increased, this is a perfect way to start learning. The Internet also provides a wide variety of encyclopedias, newspapers, magazines, etc, for educational reasons, and the more people will use the Internet the more they will learn. Education does not have to be the old fashion way, it has to provide and teach different experiences th at may not otherwise be available. The Internet is a world that is available to each and every person, but how that person uses it, is how the opinion of isolation forms. If each and every person would use the Interne for education, than there would be too many educated people. We are all very lucky that we have so much opportunity in our access, but a lot of us don†t know how to use it, and for what. That†s where education plays a big role, it does two things at once gives general and computer knowledge. The more we learn the more we know, and isolation is not one of the thing that the Internet provides.

Evolution of Kino essays

Evolution of Kino essays In John Steinbecks novel The Pearl, Kino, the main character, went through a series of complicated changes due to money. He was greatly affected by the hunger for wealth and overall his life is destroyed because of lust and greed. This destruction is symbolized through the many forms that Kino portrays. At first a simple rabbit-like persona takes shape. When the greed spreads through society he becomes what readers see as a small mouse being circled by fierce predators in the sky. The final form of Kino is that of a wild dog. He seems to go to any length to protect his territory from intruders. Readers can compare the introduction of Kino to a rabbit. Like Kino, a rabbit seems peaceful, simply hopping about on a spring-like day with no worries at all. A kind and gentle creature with respect towards all walks of life. At the beginning Kino is seen as a loving father and husband. He has a mental connection with his wife, that shows his love and devotion to her. Also a timid dog befriends him which justifies his caring and general kindness for all. The Song of the Family plays through his head while Kino happily looks at his life and can think this is safety, this is warmth, this is the Whole." In the beginning his existence seems tranquil and completely safe. Kino transformed into a threatened mouse-like figure once the safety of his picture-perfect life was disturbed. After Coyotito is stung by the scorpion, the security of life as it had been before is gone. The Song of the Family is interrupted. Steinbeck foreshadows the change in the main character when Kino smashes his fist on the doctor's gate, after the doctors refusal to treat Coyotito. This event shows that Kino turns to violence and anger when confronted with a problem, yet when he does so he hurts only himself. At first the purpose of his great pearl of the world i ...