Entries by Student

write my assignment 5118

You land a job at an online marketing/consulting firm after attaining a business degree with an emphasis in statistics. You walk into your office on the first day and there is an assignment sitting upon your desk.

The firm was recently hired by ImpulseBuyNow.com (a famous online clearing house for as-seen-on-TV junk items). ImpulseBuyNow wanted to know if the amount of time spent browsing by a customer at their online site associates to how many items the customer purchased.

You must figure out what to tell ImpulseBuyNow about their question.

Here is the data provided by ImpulseBuyNow:

extremely small

  • Attachment 1
  • Attachment 2

Items PurchasedBrowse Time minZEROOneTWOto 101090DATE10310 to 2015002500509More than 205092500490

 

"Not answered?"


Get the Answer

write my assignment 29966

Hello, I am looking for someone to write an article on Superior’s balance sheet Report. It needs to be at least 500 words. Superior Living’s Balance sheet highlights the financial health of the company over the last three years. The main aim of this report is to analyze the balance sheet and to concentrate on the working capital, current ration, short terms and long term debts. This will help identify the issues and concerns of the company.

Working Capital:

Working capital is the difference between the current assets and the current liabilities of any firm. This could also be explained as the assets that are set aside for the day – to –day operations of the business (Samuels et al, 2000). The working capitals for Superior Living for the three years are computed as follows:

Year/ ($ 000s)

Current Assets

Current Liabilities

Working Capital

2001

73,700

34,200

39,500

2002

79,200

37,100

42,100

2003

83,900

41,950

41,950

The above calculations clearly highlights that Superior Living has had a steady working capital which is adequately higher than the current liabilities of the company. However, if the company aims at entering into newer projects and investments, the company would require to have a higher working capital.

Liquidity (Current and Quick Ratios):

The ration of the current assets and current liabilities is referred to current ratio. The current ratio highlights the liquidity position of the firm and this also highlights the ability of the firm to cover the current liabilities with the help of the current assets. The ratio between the ready cash assets and the current liabilities is referred to as the quick ratio. This is calculated as current assets – inventories – prepaid expenses. The liquidity ratios for Superior Living are computed as follows:

Year/

($ 000s)

Current Assets

Current Liabilities

Current Ratio

Quick Ratio

2001

73,700

34,200

2.15

0.59

2002

79,200

37,100

2.13

0.58

2003

83,900

41,950

2

0.55

Superior Living’s ratio has been at a steady around 2 for the three years. This is a strong indication of good liquidity within the company. It is interesting to note that the inventories form a large portion of the current assets and they cannot be readily liquefied. The ideal quick ration is 1:1 however the company has a much lower ratio and accounts to 0.55. This highlights the fact that the short term cash needs and solvency of the company can be hard to meet (Burks and Wilks, 2007). Hence the company needs to improve the cash assets.

Short-Term and Long-Term Debts:

Superior living’s short term debts and long term debts are as in the table below. Short term debts refers to the ones which are due within a year which the long term debts refers to the ones due in more than one year (Samuels et al, 2000).

Year/ ($ 000s)

2001

2002

2003

Short-Term Debts

1,200

1,300

1,450

Long-Term Debts

3,000

3,100

3,400

Equity

121,500

127,500

132,550

Debt-Equity Ratio

0.02

0.02

0.03

Superior highlights a very low gearing ratio and is as low as 2% – 3% for the three years. It is essential to note that despite the increase in the long term debt, there is no evident change in the debt equity ratio. The company is not utilizing its borrowing abilities as an optimum gearing ratio would be around 50%.

Summary:

From the above discussion and the analysis of the Superior Living’s balance sheet it is essential to note the following issues and potential areas of concern.

a) Superior living has a high current ratio however the company needs to improve the ready assets and the inventories needs to be rethought.

b) Superior Living has not been utilising the various options that it possess like the borrowing ability, and this will enable the company to have a better balanced debt –equity ratio.

c) The steady working capital is a benefit for the company, however it is essential to understand that the company will need to increase this in case the company plans to bring in new projects and investments.

Bibliography

Burke, L. and Wilks, C., (2007), Management Accounting – Decision Management, 4th edn, CIMA Publishing

Samuels, J. M., Wilkes, F. M. and Brayshaw, R. E.

 

"Not answered?"


Get the Answer

write my assignment 6921

For a literary analysis, what are the elements of romanticism in this passage and how does it develop the plot?

“The pleasant showers and genial warmth of spring greatly

altered the aspect of the earth. Men who before this change

seemed to have been hid in caves dispersed themselves and

were employed in various arts of cultivation. The birds sang in

more cheerful notes, and the leaves began to bud forth on the

trees. Happy, happy earth! Fit habitation for gods, which, so

short a time before, was bleak, damp, and unwholesome. My

spirits were elevated by the enchanting appearance of nature;

the past was blotted from my memory, the present was tran-

quil, and the future gilded by bright rays of hope and anticipa-

tions of joy.”

99

Mary Shelly’s Frankenstein or The Modern Prometheus

 

"Not answered?"


Get the Answer

write my assignment 24768

Hi, need to submit a 1250 words essay on the topic The influence of Marxist theory in ‘The Devil and Commodity Fetishism in South America’ by Michael Taussig.

aussig sets out the premise of his work as an attempt to interpret what are “to us in the industrialized world the exotic ideas of some rural people in Colombia and Bolivia concerning the meaning of the capitalist relations of production and exchange into which they are daily being drawn.” (Taussig,1983, p 3). Therefore, he sets up the critical vantage point that people in peripheral civilizations have on capitalism and suggests that they may offer valuable insight into western culture. On this basis therefore, it may be noted that Taussig appears to place the primitive people of these peripheral tribes of Bolivia and Colombia in a superior position to observe the western cultures, which in reality are the more primitive because they are based upon the system of capitalism.

Marx introduces the concept of commodity fetishism in the introductory chapters of his work “Das Kapital” as a state of social relations which arise in complex capitalist market systems, where such relations are centered upon the value placed by people on commodities. The significance of Marx’s use of the term fetishism in the context of commodities lies in the fact that in Marx’s day, the word was primarily used in the context of primitive religions, therefore Marx’s relegation of commodities to fetishism signifies the primitive nature of the belief system which lies at the heart of modern society. Therefore, it is akin to an illusory role that Marx ascribes to private property which is often at the centre of capitalist systems.

Applying this, Marx argues that the work of social relations among people appears to be conditioned not by their interactions, but largely by commodities in the marketplace, since it is the market that appears to decide who should do what for whom. As a result, human relations conditioned by the market become so commercial that people become unaware of their social relations and become alienated from their own social activity, because they are so lost in

 

"Not answered?"


Get the Answer