Global Warming And Climate Change - 1124 Words

David Attenborough (an English broadcaster and naturalist) once said, â€Å"[t]here is no question that climate change is happening; the only arguable point is what part humans are playing in it.† Climate change is a pending issue waiting to be addressed and resolved by society as a whole before it is too late. Statistics show that the United States contains only 5 percent of the world s population, but contributes 22 percent of the world s carbon emissions. During the 21st century, global warming is expected to continue and climate changes are likely to increase, including: changes in temperature, precipitation, snow and ice, ocean level, and ocean acidity. The Kyoto Protocol, protocol aiming to reduce the collective greenhouse gas†¦show more content†¦This is a type of greenhouse effect.† Global warming has a negative effect on the planet and its’ occupants. For example, in 2012, the United States had the hottest January to June ever recorded and more t han 22,000 daily high temperature records were tied or broken as stated by the Natural Resources Defense Council (NRDC). NRDC also states, â€Å"[i]f we don t do more to reduce fossil fuel emissions and other heat-trapping greenhouse gases that are making heat waves more intense, more than 150,000 additional Americans could die by the end of this century due to excessive heat.† NRDC continues with climate change risks, Carbon pollution is the main reason our planet is getting hotter, increasing the chances of weather disasters, drought and flood and hurting our health. Climate change will make matters worse: hotter temperatures and longer dry seasons in the summer create conditions that can lead to more frequent wildfires which can lead to serious health problems, such as asthma attacks and pneumonia, and can worsen chronic heart and lung diseases. The very youngest are also at risk: lower birth weights are found among babies born to mothers exposed to wildfire smoke during pregnancy. Even otherwise-healthy people may experience minor symptoms, such as sore throats and itchy eyes. Who wants to live on a planet where their health is in danger every time they step outside? It’d be nice to, one day, go for a walk amongst

My Experience At The Entertainment Industry Essay

Looking back, I never dreamed that one day I would intern in London. However, when I heard about the opportunity to study and work in England, I immediately knew that this was something that I wanted to do. While I am pursuing a degree in Marketing, my passion lies within the Entertainment Industry, and I aspire to one day work for a large production or film studio in a marketing role. So, I was ecstatic when I found out that I would be working for Unanico, an animation and Production Studio. I had no prior experience within the entertainment industry, but I was confident that from my work experience at an advertising agency, as well as through my previous education, I would be well- equipped for the position. Looking back at my experiences over the last three months, I feel that while I learned practical knowledge about the entertainment industry, I also gained relevant life skills. After analysing the company culture, work environment, and my role as an intern, I have learned that I want to work for a larger company that emphasizes relationships, and I have discovered that I still wish to work in a marketing related role within the entertainment industry. Unanico, short for United Animation Company, is a production and animation studio located in London and Shanghai. The company prides itself on its innovative, award winning products and highly talented employees. From the first day of work, I was surprised at the unique company culture at Unanico, which I believe is dueShow MoreRelatedWhy Are You Interested On The Entertainment Industry903 Words   |  4 Pagesthrough Facebook! I saw it on my invites page, and the club looked well suited to my interests, as I have spent the last year and a half starting to work in the industry, and most likely want to end up working in entertainment back in my hometown of LA. 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Accounting for Management Decisions and Analysis

Question: Discuss about the Accounting for Management Decisions and Analysis. Answer: Computation of financial ratios Return on Assets: It depicts how profitable the venture is in comparison to its total assets. It shows how productively an organization is using its assets to create profits. Table 1: Statement showing Computation of Return on Assets of Tom Ltd. and Jerry Ltd Particulars Tom Ltd. Jerry Ltd. Return on Assets Total Assets 410,000 310,000 Net Profit 55,000 65,000 Return on Assets = Net Profit/ Total Assets 13.41% 20.96% Return on Equity: It means the amount of return generated or available for shareholders for distribution in name of dividend. Table 2: Statement showing Computation of Return on Equity of Tom Ltd. and Jerry Ltd. Particulars Tom Ltd. Jerry Ltd. Return on equity Net Profit available for Equity Shareholders 55,000 65,000 Share Capital Reserves 330,000 230,000 Return on Equity = Net Profit available for Equity Shareholders/ Share Capital Reserves 16.66% 28.26% Profit Margin: It refers to proportion of net profit in relation to sales. In other words it reveals how much out of every dollar of sales of a company actually keeps in earning. Table 3: Statement showing Computation of Profit Margin of Tom Ltd. and Jerry Ltd Particulars Tom Ltd. Jerry Ltd. Profit Margin Total Sales 300,000 300,000 Net Profit 55,000 65,000 Profit Margin = Net Profit/ Total Sales or Revenue 18.33% 21.66% Current Ratio: It depicts the liquidity position of an organization. It shows whether the company is able to pay their short term and liabilities or not. Current ratio is proportion of Current Assets to Current Liabilities. Table 4: Statement showing Computation of Current Ratio of Tom Ltd. and Jerry Ltd. Particulars Tom Ltd. Jerry Ltd. Current Ratio Current Assets 110,000 110,000 Current Liabilities 30,000 30,000 Current Ratio: (Current Assets/ Current Liabilities) 3.66 times 3.66 times Asset Turnover Ratio: It is a financial ratio which calculates proficiency of a companys use of its assets in generating sales revenue of the company. In simple words it indicates how company has deployed its assets to generate the revenue. Table 5: Statement showing Computation of Asset Turnover Ratio of Tom Ltd. and Jerry Ltd Particulars Tom Ltd. Jerry Ltd. Asset Turnover Ratio Total Assets 410,000 310,000 Total Sales 300,000 300,000 Asset Turnover Ratio = Total Sales/ Total Assets 0.73 times 0.97 times Debt Ratio: It indicates organizations liability to pay off its liabilities with is assets. It compares total debts with total assets, which is used to gain idea as the amount of leverage being used by the company. Table 6: Statement showing Computation of Debt Ratio of Tom Ltd. and Jerry Ltd Particulars Tom Ltd. Jerry Ltd. Debt Ratio Total Assets 410,000 310,000 Total Liabilities 80,000 80,000 Debt Ratio = Total Debt/ Total Assets 19.51% 25.80% Comments on the performance of Tom Ltd. and Jerry Ltd Return on Assets: Tom Ltd. is generating 13.41% return on assets, while on the other hand, Jerry Ltd. is generating is 20.96% on assets (Helfert, 2013). Jerry Ltd has deployed its assets efficiently as compared to Tom Ltd. because this ratio indicates how a company is utilising their assets in order to create profits. Return on Equity: Return on Equity indicates how much a company is earning profits for their shareholders against their investment. Higher Ratio indicates that the company is generating a higher return for their shareholders and vice versa. Potential shareholders generally seek this ratio prior to investing money in any company (Delen, Kuzey and Uyar, 2013). Here, in this case, Tom Ltd is generating 16.66% for their shareholders. On the contrary, Jerry Ltd. is fetching 28.26% return for their shareholders. This states that Jerry Ltd. will lure potential shareholders if they are planning for a public issue. This will be the case when the investor is comparing Tom Ltd. against Jerry Ltd. Profit Margin In this analysis also Tom Ltd lacks behind Jerry Ltd. Tom Ltd fetch 18.33% on sales and on the contrary Jerry Ltd. is earning 21.66% on sales. This shows that trading efficiency of Jerry is better than Tom Ltd as they are managing their expenses effective to generate better returns for the business. Current Ratio Current ratio shows liquidity position of an organisation. It is proportionate of Current Assets and Current Liabilities. In this scenario, both the company i.e. Tom Ltd. and Jerry Ltd. has a same current ratio (Healy and Palepu, 2012). Both the company have 3.66 times of current assets in comparison of their liabilities. However, this ratio is significantly higher as it is blocking funds unnecessarily. Asset Turnover Ratio It reveals how the efficient company is using its resources in generating revenue (Lawal, 2007). Tom Ltd. has 0.73 times of sales in relation to their assets and on the other side Jerry Ltd has .97 times of sales. Debt Ratio Debt ratio shows total debts of the company in proportionate to its assets. Tom Ltd. has a debt ratio of 19.51%. It means that they have equity of 4 times as compared to their debt. On the other hand, Jerry Ltd. has 25.80% of debt in relation to its Equity. Table 7: Summary statement of financial ratios of Tom Ltd and Jerry Ltd Particulars Tom Ltd. Jerry Ltd. Return on Assets 13.41% 20.96% Return on Equity 16.66% 28.26% Profit Margin 18.33% 21.66% Current Ratio 3.66 times 3.66 times Asset Turnover Ratio 0.73 times 0.97 times Debt Ratio 19.51% 25.80% Importance of identifying accounting policy choices for inter and intra comparison Accounting policies can be termed as specific norms and procedures used by corporate entities for the preparation of financial statements of business. These are also inclusive of methods, measurement systems used for presentation of financial information in prepared statements. These policies are significant for making interpretation of financial statements. Thus, business organisations are required to state these policies for providing a better understanding to users clearly (Gibson, 2012). Further, inter and intra comparison will not be possible if accounting policies are not clearly outlined. For example, IAS 2 provides an alternative to choose between FIFO and weighted-average method. Thus, in a situation, if the policy is not disclosed properly then the basis of standard or interpretation which is applicable to the particular situation (Ehrhardt and Brigham, 2008). However, in the situation there is standard or interpretation related to transaction they specific and relevant policy should be applied to assist users in decision making by making information in a financial statement more reliable. References Ehrhardt, M. and Brigham, E., 2008. Corporate Finance: A Focused Approach. Cengage Learning. Gibson, H. C., 2012. Financial Reporting and Analysis. Cengage Learning. Helfert,E.A., 2013.Techniques of financial analysis. Homewood, IL: Irwin. Lawal, A., 2007. Interpreting financial statement for decision making. Business day. Healy, P.M. and Palepu, K.G., 2012. Business Analysis Valuation: Using Financial Statements. Cengage Learning. Delen, D., Kuzey, C. and Uyar, A., 2013. Measuring firm performance using financial ratios: A decision tree approach. Expert Systems with Applications. 40(10). Pp.3970-3983.