Company's economics Essay Example | Topics and Well Written Essays - 3500 words

Company's economics - Essay Example ntory 60000 Purchases 200000 Advertising Expenses 20000 Rent 7200 Telephone 1200 Utilities 4800 Payroll 112000 Loan-1 (336x12) 4032 Bal C/d 1392 Loan-2 (8000+4160) 12160 Common Stock A/C Interest A/C Bal c/d 60000 Cash 60000 Cash 4160 Profit/Loss A/c 4160 Loan A/C Pickup Truck A/c Cash 4032 Cash 32000 Cash 2000 Cash 8000 Pickup Truck 10000 Loan 10000 Bal c/d 12000 Bal C/d 29968 Display Equipment A/C Debtors A/C Cash 6000 Bal C/d 6000 Sales 60000 Balc/d 60000 Rototiller A/c Rent A/C Cash 400 Bal c/d 400 Cash 7200 Profit/Loss A/c 7200 Cash Register A/C Telephone Expense A/C Cash 3600 Cash 1200 Profit/Loss A/C 1200 Inventory A/C Utilities A/C Cash 60000 Cost of Sales 240000 Cash 4800 Profit/Loss A/C 4800 Cash 200000 Bal c/d 20000 Payroll A/C Sales A/C Cash 112400 Profit/Loss A/C 112400 Cash 340000 Profit/Loss A/c 400000 Debtors 60000 Advertising Expense Cash 20000 Profit/Loss A/C 20000 THE GARDEN PLACE INCOME STATEMENT FOR THE YEAR ENDED MARCH 31 2007 $ $ Sales 400,000 Less: Cost of Goo ds Sold Opening stock 60000 Purchases +200000 Stock available for sale 260000 Less: closing stock (20000) Cost of goods sold (240000) Gross profit 160000 Less: Expenses Interest expense 4160 Advertising expense 20000 Rent 7200 Telephone 1200 Utilities 4800 Payroll 112000 (149360) Net Income 10640 Balance Sheet VERTICAL ANALYSIS COMPANY A BALANCE SHEET 2011 2010 Assets $ % $ % Current Assets Cash 4274 1.58% 1270 1% Trade Accounts Receivables 56504 20.95% 41174 22% Inventories 184113 68.26% 132196 70% Deferred tax payment 3384 1.25% 2611 1% Other current assets 11053 4.10% 8795 5% Total current assets 259328 96.14% 186046 98% Advance to supplier, net of imputed interest 4479 1.66% 0 0% Preferential supply agreement 521 0.19% 0 0% Long term financing cost, net of amortization 1360 0.50% 0 0% Property and equipment, net 4060 1.51% 4078 2% Total assets 269728 100.00% 190124 100% Liabilities and shareholders’ equity Current liabilities Notes payable 154424 57.25% 100447 53% Current maturities 160 0.06% 15131 8% Trade accounts payable 50054 18.56% 31482 17% Income tax payable 4060 1.51% 6143 3% Accrued expense and derivative liabilities 4089 1.52% 10537 6% Dividends payable 231 0.09% 0 0% Total current liabilities 213018 78.98% 148760 78% Mortgage payable 1461 1621 1% Subordinated convertible debt net of unamortized discount 9501 0.54% 0 0% Derivative liability for embedded conversion option 1934 3.52% 0 0% Deferred tax payable 212 0.72% 0 0% Stakeholders Equity Common stock$0.1 par value, 20000000 shares authorized and 11749651 issued Dec31 2011 and 2010 117 0.04% 117 0% Additional paid in capital 11937 4.43% 11937 6% Retained Earnings 35271 13.08% 31235 Accumulated other comprehensive loss (214) -0.08% (96) 0% Treasury stock 2511245 and 2490745 shares at Dec31 2011 and 2010 (3509) -1.30% (3450) -2% Total shareholders’ equity 43602 16.17% 39743 21% Total liabilities and shareholders’ equity 269728 100.00% 190124 100% COMPANY A INCOME STATEMENT V ERTICAL ANALYSIS $ % $ % Net Sales 514633 100.00% 465013 100.00% Cost of goods sold 490102 95.23% 434785 93.50% Gross Profit 24531 4.77% 30228 6.50% Selling, general and administrative expense 13336 2.59% 12031 2.59% Operating income before impairment recovery 11195 2.18% 18197 3.91% Impairment recovery 0 0.00% 346 0.07% Operating income 11195 2.18% 18543 3.99% Other income/expense Change in

Reflections on World's Leadership Research Paper - 1

Reflections on World's Leadership - Research Paper Example Leadership is influential when a good leader is in control, but does not have any effect if a bad leader is in control showing the big difference in leadership and success of organizations, businesses and countries. Leadership has to be the most influential process ever. However, the influence can be ensured by good leaders who have respect, intelligence, inspiration, vision, good listeners and above all have integrity and high self esteem and confidence. There are some bad leaders throughout the world who do not have any of these characteristics. They mostly gain their influence by instilling fear as they do not respect other people. They may be successful but along the way they fail. Leadership, which is very influential, can only be done to perfection by leaders who possess the characteristics Contrary to what some may think, leaders are not born but they are made. They develop all these characteristics as they grow to be leaders. In some cases, there are people who are thought to be leaders and they are in fact given the mandate to rule people. Such leaders do not possess such characteristics and if they do, they only posses a few. This does not make them complete leaders and they are likely to be unable to influence the people in their society or jurisdictions positively. In fact, most people do not like to be associated with such leaders. There are some known leaders who are not really leaders in the world today and have always been there in the past. They are known as bad leaders to most. The above characteristics distinguish the good leaders of the bad leaders. Good leaders: President Barrack Obama Good leaders are known to inspire many people in their respective countries and other countries. They have achieved a lot and became role models to many people across the world. There are many people who can be termed as good leaders. One example of such a leader is the current president of the United States, Barrack Obama considered as a good leader for the following reasons. Integrity Integrity is the state of being whole and having strong moral principles. Barrack Obama has been known to have strong moral principles. The President for example stated that he wanted to decrease the number of abortions across the United States. Though He has not gone to the point of stating that it should be completely banned, President Barrack Obama would like to see abortion cases decreased. According to the Obamacare, the president proposed that no abortions would be allowed after twenty weeks of pregnancy. Though there are many abortions that are done before twenty weeks, this would reduce the number of abortions (Andrews, 2012). The President had appointed a committee that was to find out the best time to abort. The committee was composed of many people including scientists, politicians and other experts. One of the scientists who proposed that the abortion be only allowed for pregnancies before eight weeks stated that unborn children can respond t o pain when they are eight to ten weeks old after conception. This was shocking to most people in the committee. The chairman was astonished and stated that it was unfortunate America was faced with controversy regarding abortion. He wondered that they are unable to provide protection for the unborn children, yet it is possible to offer protection to some animals. Frank lamented that late abortions were like transferred infanticide to Human beings and was very worrisome. He was hopeful that the American Judiciary as well as