...Punjab College of Commerce Financial Accounting ACCT3013 Prof. Hafiz Imtiaz Reg. No. 2035 – Minahil Raza Reg. No. 2030 - Ahmad Waqas Reg. No. 2001 - Syed Faizan Jaffri December 15, 2013 Difference between Accounting & Finance Accounting is an art of recording, classifying and summarizing the transaction in a significant manner, whereas finance is the management of money and other valuables, which can easily be converted into cash. Functions of Finance Department of an Organization * Preparation of Budget Plans It is duty of finance department of company to make the budget before actual providing money to any department. It helps to fulfill each department with minimum cost. * Financial Management In this function finance department gets money from capital market at very low risk and cost. Finance department analyzes all the resources of funds and create a good financial structure of company. In this structure, finance department analyze whether it will decrease the overall cost of capital on Average basis or not. * Management of Investments of Company After making financial structure, finance department invests debenture holders and shareholders money in best projects for getting highest return on investment. For this finance department takes investment decision. These investment decisions can be taken with the help of capital budgeting and investment analysis techniques. * Management of Financial Risks Financial department takes...
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...Undeveloped recall is to blame. Put a pad of paper next to your bed and record your dream immediately upon waking. Immediately means immediately. If you get dressed first, or even stare at the ceiling for a minute, dream recollection will be nil. Expect that you might not get more than a few lines for the first week or so, but also expect to get to multi-page recall ability within 2-3 weeks. This alone will make you look forward to going to bed. Step 2) Identify dream cues and/or do reality checks - Some people, like Mark, can use their dream log to identify common dream elements that recur from night to night. Water seems to be particularly common. These elements are then used for “reality checks”: asking yourself if you’re dreaming when you see these cues during waking hours, and then testing. Testing entails doing something like trying to fly (not recommended) or looking at your environment for clear indications of dream state. The latter is my preference, and I typically skip the dream log and default to a few simple tests at set action (every time I check the time or walk through a door, for example). Since working memory can only hold around 7 +/- 2 bits of information, and you are constantly creating your dreamscape in real-time, there are a few things that change if you look away and then look back at them: a. Text (e.g., written signs) b. Digital clocks/watches. Fascinatingly, analog clocks appear to keep accurate dream time, which, in my case, also corresponds to real...
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...California- an upscale community located in Los Angeles area. The services offered by the club were personal fitness training and fitness classes of various types including aerobics, spinning, body sculpting, air boxing, kickboxing, hip hop, step and pump, dynamic stretch, Pilates and yoga. Private Fitness LLC Rate for services offered: Services Offered Rate per hour Personal training client’s $ 50/hr Prime Time (5:30-9:00 am & 4:00-9:00 pm) $ 50/hr Lean Time (9:00 am-4:00pm) $ 35/hr Students $ 12/hr Discounts for prepayments Private Fitness LLC established in the motivation and inspiration of Rosemary Worth as a former finalist in Ms. Fitness USA competition and since she was an aerobics instructor she decided to start her own Private Fitness by using her personal savings plus a bank loan in order to renovate the facility of her club and acquire necessary fitness equipments by spending $150,000. Rosemary herself ran most the spinning classes and some aerobics classes. Also she contracted with five instructors. The instructors were paid on commission which ranged, between 20% and 50% of revenue. She also hired Kate Hoffman, one of the instructors and long-time friend. Kate’s primary task included marketing, facility upkeep, scheduling of appointments and record keeping. She was paid a salary plus a commission based on gross revenues. She was proven to be an effective marketing manager since clients was growing. Suddenly, Rosemary distrusts...
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...from the possibility of substituting an already-existing product or service with something better, namely more stable oscillators for a better price. Providing their market with better quality products for a better price therefore became the new company's raison d'être. Over the last 80 years, the crucial key success factor that has made HP successful has been her ability to adapt to new circumstances. For example, after starting out with the production of audio oscillators, HP moved to producing computers in the 1960s. She then moved to PCs and printers, finally evolving in an enterprise in wide information systems and services. This distinguishes her from several of her competitors. Another essential key success factor is HPs track record in product innovation. For example, in June 2014 HP announced a project for a...
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...advancements have spawned off from the inventions derived from Ancient China, which spans over thousands of years ago. A lot of the inventions really attest to how more advanced Ancient China was in science and technology. In the world today, they still symbolize excellence to many of the Chinese people of modern day just as much as they did then. People all over the globe have found many of the inventions to be quite useful, fulfilling several purposes and aiding a number of causes. Although Ancient China is credited for the creation of a large number of inventions, there are eight that are I feel are some of the most identifiable. The inventions are paper making, the woodblock printing technique, gun powder, the compass, porcelain, the spinning wheel, the mechanical clock, and the seismograph. Early on in Ancient China, around 2700 B.C., the Chinese had created a written based language. This language was initially composed on strips of wood and bamboo. They would use wooden blocks and flatten out the bamboo so that they could write on them, but wood and bamboo often used up too much space and them difficult to store up. As a result, a better and more economical alternative had to be made. It wasn't until 105 A.D. that the use of paper was introduced by Ts’ ai Lun. He had devised a way of making paper from tree bark, old rags, and fish nets. His method was adapted quickly and many of the Chinese people would use paper making for ornamental uses in homes and temples. By...
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...I. Introduction The experiment is aim to: • Measure the angular velocity of the flywheel ((s) and the precession of the gyroscope system((p). • Using Ws and (p above to calculate Izz (mass moment of inertia of the gyroscope) • Compare this experimental Izz to the theoretical Izz. A gyroscope is a mechanism consisting of a spinning flywheel, mounted on a base so that its axis can turn freely in any direction. The gyroscopic motion occurs whenever the axis about which the body is spinning is itself rotation about another axis. Gyroscope has a wide application in our daily life. The bicycle, for instance, is a good example of gyroscopic motion. The spinning wheel on bicycle act as a gyroscope, when we attempt to rotate the wheel about its axis, due to the procession of a gyroscope, the wheel will attempt to rotate about an axis perpendicular to the wheel axis. This procession keeps the wheel rotating either left or right so that the bicycle can stay upright. A gyrocompass is another example of the application of a gyroscope. The rotation of our earth about its axis gives it the properties of a huge gyroscope. The gyrocompass combines the action of the gyro rotor inside and the earth’s rotation to perform as a direction reference. II. Method 1) Apparatus used: • Gyroscope system(including a flywheel) • Electrical motor • Stroboscope • Stopwatch • Measuring ruler, pencil 2) Measuring...
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...PUBLIC RECORDS Taking a particular state in specific, for example South Carolina, South Carolina’s public record states that a Public record" includes all books, papers, maps, photographs, cards, tapes, recordings, or other documentary materials regardless of physical form or characteristics prepared, owned, used, in the possession of, or retained by a public body. Records such as income tax returns, medical records, hospital medical staff reports, scholastic records, adoption records, records related to registration, and circulation of library materials which contain names or other personally identifying details regarding the users of public, private, school, college, technical college, university, and state institutional libraries and library systems, supported in whole or in part by public funds or expending public funds, or records which reveal the identity of the library patron checking out or requesting an item from the library or using other library services, except nonidentifying administrative and statistical reports of registration. The FOIA does not require a public body to create a record that doesn’t already exist. If part of a document can legally be shielded from release, that doesn’t mean the entire document may be withheld. The agency must separate the exempt data and release the rest of it (this usually means taking a marker and blacking out some information). Re-argument of U.S. supreme court on federal income tax After the World War 1 the secretary of...
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...on PHP Spinning Mils Ltd.”. The PHP Group is a pioneer and acknowledged market leader in spinning sector in Bangladesh and one of the largest spinning manufacturing company of Bangladesh, adopting State-of-the-Art technologies and fulfilling its customers’ requirements through world-class services & products. PHP GROUP Company, PHP Spinning Mills Ltd. has started its production of high quality cotton & melange from January 2006 using latest technology and having production capacity of 466,746 kg per month in which 265,986 kg is cotton & 200,761 kg is melange. The report has been Prepared under direct supervision of Mr. Mohammed Shahedul quader , Assistant Professor , Department of Marketing Studies & international marketing, university of Chittagong. Objectives of the study: The basic or main purpose of industrial tour report is to learn practical knowledge about business world for balancing the gap of our industrial policy in the modern job market. The objectives of this industrial tour are as below: • The prime objective of the study is to know the practical marketing scenario of the company. • To identify an overview of PHP Spinning Mills Ltd. • To perform the SWOT analysis of the company. • To evaluate the performance of the company and generate some policy implication for better performance. • To remove the gap between the theoretical and practical knowledge. • To know the general functional areas of a spinning industry...
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...CASE STUDY - I PRATHAMESH STEEL (PVT.) LTD. Prathamesh Steel (Pvt.) Ltd. founded 15 years before by Mr. A.M. Bapat was having booming time. At that time, Mr. Bapat, worked both in the office and in the factory and knew his men and they knew him. Production standard were always maintained and labour turnover was practically non-existing. As the business mushroomed, the number of employees has progressively increased. Thus, Mr. Bapat's greetings and conversation with his workers became less frequent. In fact, he had so many things to do, that he could no longer supervise the factory. Thus, he hired another man, Mr. Godse as a plant supervisor. As this time though the number of workers increased to about 500, labour turnover and absenteeism increased along with the labour cases. The only thing that decreased was productivity. In order to meet the situations, Mr. Bapat granted substantial increase in wages which were already high and made some arrangements for increment earnings based on merit rating on seniority. Yet labour turnover and absenteeism continue at a high rate. On investigation, it was found that the new plant supervisor lacked the patience and understanding which is necessary for dealing with the employees. When something was found wrong, he was scolding the employees but no attempt was made to find the case of faulty work. Meanwhile, labour unrest developed. The ,Worker began to complain about working on Saturdays and not having either time or facilities change...
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...Week 5 – Individual Assignment Fundamentals of Macroeconomics Phillip Alfonso ECO-372 August 5, 2013 Professor: Joshua Long University of Phoenix – Online PART 1 Gross domestic product (GDP) Gross Domestic Product (GDP) is the total amount of goods and services that were produced in an economy and is represented in dollars. In the US, we record what the GDP was for the entire year, however, GDP does not always have to be in the span of one year Real GDP Real GDP is a way calculate the GDP without the inflation included so that it can be easily compared to previous years, and nominal GDP would be with the inflation included. Nominal GDP Nominal GDP is the GDP for any given year that has not been modified to reflect the inflation of the US dollar. Unemployment rate Unemployment rate is the amount of people who do not have a job but are looking for one. Inflation rate This is the speed of which prices increase or decrease over time. Generally it is calculated annually or monthly. Interest rate This is the percentage of a certain amount of money that is charged to a borrower of money. When someone borrows money, they have to pay it back plus the interest. PART 2 Whenever goods or services are purchased or sold, the economy is impacted. Obviously if one person comes into a coffee shop and buys a cup of coffee, the US economy will not change, but what if one million people purchase a cup of coffee every day? Or what if those people who usually purchase coffee...
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...Adidas' long relationship with hip hop culture. It was the birth of the acknowledgement of hip hop style, sneaker culture and product endorsements by artists. Hip hop looked entirely different before the group popularised the sports wear, jewellery wearing and loud sneakers style. They also changed the marketability and public appeal of rap music. Rap music before Run-DMC was not consistently "hard-core" or edgy. The "gangster" rap style was ushered by Run-DMC with their heavy beats and harsh vocal delivery. The Recording Industry Association of America also officially made Run-DMC's self titled album the first rap album to go gold after selling more than 500,000 copies. The bar was set by this group as a measurement of how successful a rap record was. Run-DMC was the first rap group to do many things, beside their endorsements and amazing sales, they were the first rap act to have a video on MTV, first rap act to appear of Saturday Night live, the first rap act to play at a Live Aid Concert and the first rap act to appear on the cover of the Rolling Stones magazine. The fact that rap acts are now so common place can be credited to the path that Run-DMC...
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...By expanding trade globally. They viewed the old trade routes not very productive so they changed them into intergraded circuits. Sugar and silver were known as pioneer products. There was more products that had more value such as, tea. Tea was made from the sugar which came from the Caribbean, thus taking away the bitterness the leaves came from China which was harvested in Africa. Also slaves were never just in Africa. Trade was a big part of have a good industry and market. They also create new professions. So accountants and lawyers were created, they were created because traders needed new services, better insurance, and way to record and keep legal documents. Germany had also been a part of the industrial period. The first German industry was built in 1784. It was called Cromford, whited produced silk, thread, and saxony. The first spinning machine was built in a town called Chemnitz, due to the building of machine they were known as the pioneer in engineering. In Upper Silesia was very strong at the beginning of...
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...A MongoDB White Paper Performance Best Practices for MongoDB MongoDB 3.2 December 2015 Table of Contents Introduction 1 Pluggable Storage Engines 1 Hardware 2 Application Patterns 4 Schema Design & Indexes 5 Disk I/O 6 Considerations for Amazon EC2 7 Considerations for Benchmarks 7 We Can Help 9 Resources 9 Introduction MongoDB is a high-performance, scalable database designed for a broad array of modern applications. It is used by organizations of all sizes to power on-line, operational applications where low latency, high throughput and continuous availability are critical requirements of the system. For a discussion on the architecture of MongoDB and some of its underlying assumptions, see the MongoDB Architecture Guide. For a discussion on operating a MongoDB system, see the MongoDB Operations Best Practices. This guide outlines considerations for achieving performance at scale in a MongoDB system across a number of key dimensions, including hardware, application MongoDB Pluggable Storage Engines patterns, schema design and indexing, disk I/O, Amazon EC2, and designing for benchmarks. While this guide is broad in scope, it is not exhaustive. Following the recommendations in this guide will reduce the likelihood of encountering common performance limitations, but it does not guarantee good performance in your application. MongoDB 3.0 exposed a new storage engine API, enabling...
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...Kenneth Jost’s article on gun control discusses the tragic Virginia Tech incident, as well as other gun-related instances. Precautions that should be considered in hopes of preventing other unfortunate incidents are also found throughout the article. It explains how the Virgin Tech shooting could have been avoided if shooter, Seung-Hui Cho, was unable to purchase the gun if his record of mental illness had been fed into the federal background check system. Jost also disputes the opinions of many gun advocates that want to ease weapon laws (Jost). “One hundred percent safety is a fallacy for all of us – not just colleges and universities, but for general society” (Jost). Although everyone is subject to danger of some kind, the United States has experienced a large number killings and injuries due to gun violence. Sadly, gun violence claims about 30,000 lives a year. A number of precautionary procedures should be set in place to help combat gun violence, but Congress has failed to act. Felons, terrorists, domestic abusers, and the extremely violent mentally ill remain to have easy access to firearms and ammunition due to weak gun laws (States United to Prevent Gun Violence). Stronger measures needed to protect society against gun violence are intensive screening and background checks, synchronized licensing and registration systems in all states and territories, and elimination of the trafficking of illegal guns. Society and families are safer when negligent gun sales and...
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...2008, Lehman Brothers filed for bankruptcy. With $639 billion in assets and $619 billion in debt, Lehman's bankruptcy filing was the largest in history, as its assets far surpassed those of previous bankrupt giants such as WorldCom and Enron. Lehman was the fourth-largest U.S. investment bank at the time of its collapse, with 25,000 employees worldwide. Lehman's demise also made it the largest victim, of the U.S.subprime mortgage-induced financial crisis that swept through global financial markets in 2008. Lehman's collapse was a seminal event that greatly intensified the 2008 crisis and contributed to the erosion of close to $10 trillion in market capitalization from global equity markets in October 2008, the biggest monthly decline on record at the time. (For more information on the subprime meltdown, read Who Is To Blame For The Subprime Crisis?) The History of Lehman Brothers Lehman Brothers had humble origins, tracing its roots back to a small general store that was founded by German immigrant Henry Lehman in Montgomery, Alabama, in 1844. In 1850, Henry Lehman and his brothers, Emanuel and Mayer, founded Lehman Brothers. While the firm prospered over the following decades as the U.S. economy grew into an international powerhouse, Lehman had to contend with plenty of challenges over the years. Lehman survived them all – the railroad bankruptcies of the 1800s, the Great Depression of the 1930s, two world wars, a capital shortage when it was spun off by American Express in...
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