In Praise of Margins “In Praise of Margin” by Ian Frazier, Frazier reflects on his childhood to manifest the importance of margins, which involve any type of activity having no certain purpose to. In his case, it is the woods. He concludes that these activities are very important to our ordinary lives, providing some sort of comfort. He continues to argue that marginal activities should continue to be done; he provides an amount of examples of the wonders these marginal activities provide to…
Introduction Corporations acknowledge that the application of sustainability practices is essential for their long term business viability. Sustainability practices promote efficiency by reducing waste, keeping and improving human capital, and delivering reasonable profits to shareholders. Wal-Mart and Starbucks implemented comprehensive sustainability practices that are shared across all the areas of these organizations. One way to analyze Wal-Mart 's and Starbucks ' sustainability approaches…
Financial Statement Fraud Investigation Frisbey (2015) indicated that forensic accountants should be able to effectively communicate with the management and involved personnel as to the factors of the existence of fraud indicators, to be able to perform essential analytics and independent testing such as horizontal and vertical testing techniques to detect fraud or to examine the validity of evidence being investigated (p.8-9). Frisbey mentioned that forensic accountants should, for example,…
RCCL In 2013, RCCL doubled their operating margin from 5% in 2012 to 10%. Royal Carribean’s operating margin was driven by higher yield and occupancy, which shows a demand for the company’s cruises despite higher prices. Carnival Corporation’s operating margin is usually higher than RCCL’s, but there was a drop in occupancy and a fall in yield in 2013. Combined with higher unit costs, the Carnival Corporation’s operating margin dropped from 11% to 9% in 2013 (Overview: Royal Caribbean Cruises,…
In Ian Frazier’s essay “In Praise of Margins,” he sees marginal places and activates valuable. The very word marginal to Ian Frazier has a simple meaning of a “negative tinge” (Frazier) where it is defined as actions and decisions that are non-goal oriented, or without purpose. In Frazier’s Own life, a marginal activity and a place for him and his friends were out in the woods as it was there “part-time address, destination, purpose, and excuse” (Frazier). However, growing up Frazier and his…
demands in societies. With stress becoming an issue certain marginal activities such as going camping, getting away, and disconnecting from the laws and rules of societies turn into the greatest stress relievers. Ian Frazier’s article “In Praise of Margins”, introduces the values and importance of marginal things and defines it as an act with no significant purpose. For Frazier marginal spaces as well as places are where one can be true to oneself and free, where it does not account for any…
Within Ian Frazier's essay, "In Praise of Margins," he defines "marginal" as a negative tinge. He introduces the essay with his past childhood experience where he roamed "the woods" and now that he is an adult, he feels goals should have a purpose. The woods were his marginal space where he played with his friends aimlessly. Thus, his perspective has changed; seeing his children get distracted from their original plans to fish, a sense of unstructured play is quite valuable. He also states that…
When preparing the cash flow analysis of a medical network, revenue, expenses, and profits must be considered. Revenue is generated by treating patients and rendering services such as an MRI. Costs are created by expenses in the network that include salaries for employees, purchase of medications and supplies, and payment of obligations incurred. Revenue does not necessarily mean that an enterprise is gaining profits and disregard for this detail may result in the network inadvertently,…
In Kimberle Crenshaw’s Mapping the Margins: Intersectionality, Identity Politics, and Violence Against Women of Color, she discusses a few things that really left an impact on me. Her views on violence against women of colour, structural intersectionality, and domestic violence and anti – racial politics; leads me to believe that feminism has helped me in ways I do not fully know. One of Crenshaw’s theme within her writing is that women of colour are subjected to an inferior position which is…
account for those travel expenses. Net profit We anticipate that, despite a small loss in year one, Roatán Leather Works will be profitable in year two. Net profit will grow to more than $610,000 by year five. During that same timeframe, net profit margin is expected to grow from -11.5% to 40.4%. This increase acknowledges greater efficiency of operating expenses over time and reflects the relatively lean structure of RLW. We also benefit from the design of our business model, which keeps…