1-3 Concept of Working capital management Working capital management according to Smith (1987) is significant and affects mutually liquidity and profitability of the business. It includes forecasting and monitoring current assets and current liabilities in a way that reduces the risk of lack of ability to meet due short term debts on the one hand and prevent extreme investment in these assets on the other hand (Eljelly, 2004). Lamberson (1995) said that working capital management has become one…
In history classes, we often teach children that those who do not learn from their past are doomed to repeat it in their future. Simply logging on to Facebook, picking up a newspaper or having lunch with friends will tune you into the problems of today that look very similar to what previous generations were facing from the 20s to 80s. As Michelle Alexander, author of The New Jim Crow, said, black men are more likely to be discriminated against in employment, housing, public benefits, jury duty,…
The Articles of Confederation and the US Constitution helped shape the debate between the states, the federal government, and their citizens. The Articles of Confederation were designed primarily to divest power from the national government and protect state interests. The US Constitution set up the framework for a strong national government capable of collecting taxes and raising armies. The debate between these two documents led to compromises between the states to ensure that neither general…
Okonkwo, the protagonist of Things Fall Apart by Chinua Achebe, is the epitome of the self-made man. He starts from humble beginnings and turns himself into a successful farmer, wrestler, and warrior, propelled by a fear of seeming weak and womanish like his father, Unoko. At first, Okonkwo makes conscious behavioral choices as a reaction against Unoko, but over time, his desire for strength and masculinity becomes a subconscious personality trait and manifests itself in the way he reacts…
Prisons are designed to house convicted, adult felons serving a sentence of one year or more. Without prisons there would be chaos throughout the streets. Prisons are mostly new to criminal justice and corrections. Without prison systems there would be capital punishment and public humiliation. There needed to be a more humane and efficient way to punish and reform criminals. Over the next hundred years prison systems evolved with more and more policies and practices. Over years the public help…
In what sense are all men created equal according to the Declaration of Independence? The majority of the Declaration of Independence is a listing of all the injustices that the King of England has committed against the colonies. However, it is important to understand why these injustices are deemed unjust by Jefferson and the other writers of the Declaration of Independence. All the reasons can be boiled down to the statement that Jefferson makes proclaiming that “all men are created equal.”…
The slasher film to some viewers has been written off and categorized as a film not worth watching. Typically viewers decide that this genre may be too violent, graphic, or misogynistic. However, slasher films, like many horror movies, may offer a commentary on society or the human condition. An approach to understanding such films is through the concept of the ‘abject’. It is the disturbance of boundaries that threaten things such as an individual’s identity or societal order Abjection…
1. Introduction The purpose of this report is to analyse Japheth Enterprises finances and provide information obtained through the analysis regarding the liquidity, short-term debt-paying ability and management of inventory for the year end 31 March 2016. This was done by calculating the financial ratios and analysing the income statement and balance sheet. All calculations can be found in the appendix. The report will pay particular attention to the liquidity, short-term debt-paying ability and…
debt caused a severe depression that spurred Shays’ Rebellion. When new farmers couldn’t afford to pay high taxes, local sheriffs seized farms and throw farmers in prison ("Shays ' Rebellion"). Massachusetts could have prevented this by passing pro-debtor laws, and printed more paper money for more forgiving debt, but they…
United Kingdom began colonizing a majority of the Western World until the colonies revolted with the help of England’s greatest rival, France. This freedom gave birth to a government that was strictly American, a nation of immigrants, colonists, debtors, slaves, misfits, and religious outcasts, all alike. In this Brave New World, social status became a melting pot of equality, and thus, the idea of an American Dream was born. To quote Historian James Truslow Adams in 1931, "The American Dream is…