Political Risks And Its Effects On Local Activity - 831 Words

Political risks: All companies doing business domestically or internationally are affected by political issues and risks- the likelihood that a society will undergo political changes that negatively affect local activity. In many different ways, politics are a huge factor for the willing of two sides to cooperate and trust one another. (International business book) When comes to technology transfer, companies have to take the risks of politics under consideration before sharing information which can harm them in the future. There are four main risks that have to be observed. The first risk refers to the local conflicts in one of the participating countries. Conflicts can discourage companies to invest in a nation with no local security consistency from the fear of inability to manufacture, regulation changes, recruiting talented personal or obtaining different kinds of materials, equipment and information (book 2). Conflicted countries can arise resentment to the government by the people who will attempt to change the leadership of a country. The conflicts do not apply only on government resemblance but also on disputes among ethnic, religious or racial groups within a country (book3). There are many examples for economies that who lost their stability according to these differences. In 2014, Egypt s persistent political unrest has held back necessary business environment reforms in areas, such as infrastructure, labor market and tax policy. Also, the risk of crime andShow MoreRelatedThe Legal And Poli tical Environment701 Words   |  3 PagesDescription The definition of legal and political environmental base on business dictionary is government actions which affects the operations of a company or business. These actions may be on local, regional, national or international level. (BusinessDictionary.com, 2015) The legal and political environment can impact business organizations in many ways. It could add a risk factor and lead to a major loss. Company should understand that the political factors have the power to change results. ItRead MoreFracking And Fracture Stimulation Techniques Essay1081 Words   |  5 Pagesgas? - NSW Resources and Energy, 2016). The CSIRO suggests the components of fracturing fluid are: guar gum, sodium hypochlorite, sodium hydroxide, ammonium persulphate, ethanol, acetic acid and sodium carbonate. Any chemicals used in fracking activities in NSW must be approved by the NSW Department of Industry, Resources and Energy. This government agency assesses applications to determine the chemical use is safe for both the community and environment. Additives of drilling and fracture stimulationRead MoreInternational Management 7e (Deresky) - Ch.1 : Discussion and Analytical Questions1585 Words   |  7 Pagessuch as energy. 2- Discuss examples of recent macro political risk events and the effect they have or might have on a foreign subsidiary. What are micro political risk events? Give some examples and explain how they affect international business. Answer: An event that affects all foreign firms doing business in a country or region is called a macro political risk event. In many regions, terrorism poses a severe and random political risk to company personnel and assets and can obviously interruptRead MorePolitical Risk948 Words   |  4 PagesPolitical Risk Political risk is a type of risk faced by investors, corporations, and governments. It is a risk that can be understood and managed with reasoned foresight and investment. 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What means can managers use to assess political risk? What do you think is there lative effectiveness of these different methods? At the time you are reading this,what countries or areas do you feel have political risk sufficient to discourage you from doing business there? 6. Can political riskRead MorePolitical Instability And The Decision Making Process Of Foreign Direct Investment Essay1746 Words   |  7 PagesRisky: 1) Political instability: Political factors play a great role in the decision making process of foreign direct investment. A country with high political unrest or instability has more risk and uncertainty, making it less attractive for investment. The fast growing potential economy of Bangladesh has repeatedly faced significant political challenges over the last few years. 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Reflection Of A Discourse Community - 1587 Words

Growing up I didn’t socialize with people so it was hard for me to join a discourse community. But we I was around the age of fifteen I joined the basketball team, and ever since then it became my discourse community. In this paper, I’m going to explain how the team was a discourse community to me. And what roles we did to become a discourse community. Many people say basketball is all about winning games. But its more than that, I’ve learned many concepts in the game of basketball I’m going demonstrate what made my basketball team a discourse community. Definition What is a discourse community? What do John Swales mean by a discourse community? And what are the six steps in a discourse community? â€Å"A discourse community is a group of people that’s trying to reach their goals, and everyone has different functions. These public goals may be formally described as concepts that play a part in a discourse community† (Swales220). Discourse community have six steps. And these steps are â€Å"goals or purpose the group want†, â€Å"has mechanism of intercommunication among its members†, â€Å"uses it participatory mechanisms to provide information and feedback,† â€Å"utilizes and hence possesses one or more genres in the communicative furtherance of its aims,† â€Å"acquired some specific lexis†. â€Å"level of members with a suitable degree of relevant content and discoursal expertise† (220-222). By having these six steps it provides all of the concepts in a discourse community. These six s teps are like theShow MoreRelatedReflection Of A Discourse Community1591 Words   |  7 Pagesknows that his or her achievement depends on a community of persons working together.† We do not often realize how important it is for everybody to work together to achieve a goal. A community is a group of individual people gathered together to form a whole, like a school, local church, government entity, non-profit organization, sport team, etc. This whole can make reference to a discourse community. According to John Swales, discourse communities are unions where individuals have a common purposeRead MoreA Reflection On A Discourse Community999 Words   |  4 PagesA  discourse community  is a group of people who share a set of discourses, understood as basic values and assumptions, and ways of communicating about those goals. John Swales  defines a discourse community  as groups that have goals or purposes, and use communication to achieve these goals. The community I choose to identify with is special education. Special education teachers, or aids, really dedicate themselves and their time to others who need special assistance or treatment. 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Learning about the structures of discourses and how writing is constructed specifically to the context by which the writing is produced in is a very valuable skill which can be transferred to many other situations I may face in my future. The process by which writing is begun, knowing how discourse communities function, and understanding the metacognitiveRead MoreAnalysis Of Anne Beaufort s Words, A Better, Product1599 Words   |  7 Pagesill-prepared writers, incompet ent and limited to one discourse community. i.e. bad â€Å"products.† However, English 3010 is a course for upper-level students, and the emphasis is on conducting research by drawing from the sciences, social sciences, humanities, and professions in preparation for Writing Intensive courses in the majors and beyond. 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Night Creature Crescent Moon Chapter 38 Free Essays

Henri barreled out of the cage and started toward me. Adam hauled back and decked him on the chin. He staggered. We will write a custom essay sample on Night Creature: Crescent Moon Chapter 38 or any similar topic only for you Order Now â€Å"I won’t kill you.† Adam jerked his head toward the tall grass. â€Å"But they will. Get lost.† Henri glared at me, a promise in his eyes, but he went, gliding into the swamp and disappearing. â€Å"I’ll take care of you. I swear.† I wanted Adam’s words to mean something, but they were only words he’d say to anyone who’d helped him protect his son. He owed me, and while I should tell him to stuff his help, I’d looked into Henri’s eyes and I didn’t ever want to run into him again alone. â€Å"Diana?† Adam took one step toward me, hand outstretched. â€Å"Don’t move, asshole.† Adam froze. So did I. Big, muscle-bound men with bandoliers of bullets strung across their impressive chests spilled into the clearing. Each of them had a rifle in his hands, a pistol on his hip, and a knife strapped to his thigh. Another man walked into the clearing carrying Frank Tallient. Frank’s legs hung uselessly over his helper’s arm, revealing why he’d sent me to find the loup-garou instead of coming himself. Frank was placed atop a rotted stump at the edge of the clearing. He pointed a handgun at Adam’s head. â€Å"How did you get here so fast?† I blurted. â€Å"I knew you’d find him this time, Diana.† Frank never took his eyes or his gun off of Adam. â€Å"I came to New Orleans yesterday so I’d be close by when your call came.† â€Å"He-he got away,† I blurted. Frank made a tsking sound. â€Å"He’s right here. Henri, it’s been a long time.† â€Å"No – â€Å"I began. Adam shot me a silencing glare, and I zipped my lip. Then he returned his attention to Frank. â€Å"Do we know each other?† Fury washed over Frank’s face. â€Å"I suppose it’s nothing for you to wipe out an entire family and leave a man crippled.† â€Å"Where was this?† Adam asked. â€Å"You really don’t remember?† Adam shrugged. â€Å"Iron Mountain.† At Adam’s blank expression Frank continued, â€Å"Upper Michigan.† I inched closer to Adam with the vague idea that maybe Frank wouldn’t shoot him if there was a chance of hitting me. With my shoulder pressed to Adam’s, I felt him jerk at the words. Michigan? When had Henri gone there? And if he’d traveled that far, where else had he been? How many others had he killed? How many werewolves had he made? â€Å"When was this?† Adam’s voice was a bit hoarse. Frank didn’t seem to notice. â€Å"Seven years, one month, three days, and five hours ago, you son of a bitch.† Seven years meant Henri had left Louisiana before Adam had taken over his protection. That was irrelevant to Frank. His family was dead and he meant to have his vengeance. I stepped forward and Adam yanked me back. â€Å"No.† One glance at his face and I understood. Adam was going to let Frank riddle him with silver bullets on the off chance the man didn’t know a werewolf would explode. Then Frank would leave, believing his vengeance complete. â€Å"Protect Luc,† Adam whispered. â€Å"Find a way.† My eyes widened. He was putting his son in my care? I didn’t like this plan. However, I didn’t have a better one, except – â€Å"He isn’t Henri.† â€Å"Diana†¦Ã¢â‚¬  I ignored Adam’s plea. Henri had lived this long; he’d no doubt live a lot longer. He was probably halfway to Acapulco by now. Frank hadn’t been able to find him without me, and I wasn’t going to oblige him by locating Henri a second time. â€Å"The one who killed your family and hurt you is out there.† I pointed to the swamp. â€Å"This is Adam. His great – a bunch of times – grandson.† â€Å"Bullshit,† Frank said conversationally. â€Å"I saw Henri maliciously murder everyone I loved. Then he left me alive to remember and mourn.† â€Å"He was a wolf; how do you know it was Henri?† Frank’s eyes glazed over with the memory. â€Å"I’d taken my family to our cabin. We were having dinner in town and Henri was at the bar. He and I struck up a conversation. He was an interesting, intelligent man. I even considered fixing him up with my daughter.† He shuddered. â€Å"You should have seen what he did to her.† No, I shouldn’t. â€Å"He leaped right through our picture window. I tried to stop him, and he knocked me down the steps. Something snapped in my back, and I couldn’t move my legs. I had to watch him kill them all. I’ll never forget his eyes. I see them every night in my sleep.† â€Å"The curse makes all the Ruelle men look alike,† I blurted. I wasn’t certain that was true, but the explanation made sense, especially when combined with the lack of females born into the family since the voodoo queen had done her thing. â€Å"This is Adam,† I insisted, â€Å"not Henri.† â€Å"I don’t believe you.† Frank sighted down the barrel of his gun. I threw myself in front of Adam as the weapon fired. I expected pain; instead all I felt was Adam’s arms close around me. â€Å"He missed,† I breathed in wonder. Adam glanced at his bicep, where blood dripped from a two-inch gash. â€Å"Not exactly.† â€Å"Get out of the way, Diana,† Frank ordered. â€Å"I don’t want to, but I will kill you.† â€Å"I’m not moving,† I said. Adam’s hands tightened on my shoulders. I smiled, thinking the movement was affection, then gasped when he tossed me aside to land with a thud out of the line of fire. â€Å"Adam!† I shouted, scrambling up, tensing in expectation of a gunshot, but there wasn’t one. Detective Sullivan stood behind Frank, pressing his sidearm to the base of Frank’s skull. â€Å"Drop it,† he said. â€Å"And your friends, too.† Frank complied, as did his goons. â€Å"You don’t understand – † Frank began. â€Å"I understand plenty,† Sullivan snapped, the hula dancer on his tie undulating with the force of his anger. â€Å"You’re under arrest You tried to kill that man, and you threatened that woman.† â€Å"But he’s a werewolf.† Sullivan blinked, then glanced at me. I shrugged and made the crazy sign by rolling my index finger next to my ear. â€Å"He asked me to find a wolf in the swamp.† I looked at Adam, who was letting the blood drip down his arm and into the ground, making no attempt to stanch the flow. â€Å"I didn’t realize he was nuts and meant werewolf.† â€Å"This is the guy you work for?† Sullivan asked. â€Å"Not anymore,† Frank muttered. Sullivan put away his weapon as the clearing filled with cops who began to cuff the minions and collect the evidence. â€Å"Do you know who I am?† Frank asked. â€Å"I’ll have your job for this.† Sullivan made a motion and two cops carried a struggling, cursing Frank Tallient away. I hurried across the short space separating me from Adam, tearing a strip off my shirt as I went. He must have been feeling pretty woozy, because he let me bind his arm without arguing. â€Å"Why did you come here?† I asked Sullivan. â€Å"Some guy wanted to know where Charlie died. Since that’s an open case, I got suspicious. I came to your place and saw them head into the swamp. That much guns and ammo, couldn’t be good. So I called for backup and here we are.† â€Å"I appreciate de help.† Adam offered his nonbloody hand. â€Å"I’ve been wanting to talk to you for a while.† Sullivan took it and they shook. â€Å"Talk.† â€Å"You know anything about the man strangled on your property?† â€Å"No.† â€Å"Ever seen any animals behaving oddly? Maybe rabid?† â€Å"No.† Sullivan’s gaze slid to mine. â€Å"A regular fountain, isn’t he?† â€Å"You have no idea.† â€Å"The rabies expert has arrived. He was supposed to meet me at the mansion – † Sullivan glanced at his watch. â€Å"Damn. Thirty minutes ago. I need to get over there.† He disappeared pretty quickly for such a big guy. Within moments, everyone else had followed, and Adam and I were alone. â€Å"There’s something I’ve been meaning to do,† Adam murmured. â€Å"Now?† His lips quirked before he reached out and yanked the gold chain from around my waist, then tossed it into the weeds. â€Å"Hey!† He lifted his hand and another spilled out – interlinking silver fleurs-de-lis. â€Å"I’d put it on for you, but – † He shrugged, then winced when the movement tugged his wounded bicep. I took the gift and looped it around my belly, unreasonably touched. I had to admit, silver flattered my skin much better than gold. â€Å"Thanks.† â€Å"Anytime.† Adam shifted his gaze from my stomach to the trail. â€Å"Sulllivan’s expert will be Henri bait.† â€Å"You don’t think Henri is long gone?† Adam snorted. â€Å"Even if he left, he’ll be back. This place is as much a part of him as his fur.† â€Å"I’ll have to tell the expert there’s no wolf, no rabies. Considering my credentials, maybe he’ll believe me and go away.† Adam nodded but continued to stare into the swamp with a frown. I followed his gaze to a nearby cypress tree where a tall, gaunt, ancient man watched us from the shadows. â€Å"Hello,† I called. â€Å"Are you lost?† He approached slowly, his gait more measured than pained. Despite the heat, he was dressed in black, which only made him appear more skeletal. I figured his age at eighty-plus. His hair might once have been blond but had faded to a dusky white. His blue eyes had faded, too, but they still shone with a fervor that made me want to snap a salute. â€Å"Diana Malone?† The accent was German – less pronounced than if he still lived in the motherland but thick enough to reveal he’d been born there. â€Å"Yes?† â€Å"I am Edward Mandenauer, I was called by Detective Sullivan about a rabies problem.† His gaze Sicked to Adam. â€Å"Would he be you?† Adam merely shook his head. â€Å"This is Adam Ruelle.† I spared Adam a â€Å"don’t be rude† glare. â€Å"He owns this land. Detective Sullivan returned to the mansion to meet you.† â€Å"Ah, I must have missed him. His men directed me here.† Mandenauer strode to the cage, inspected the lock, the moss, the bars, then lifted a yellowed brow in my direction. â€Å"You have caught nothing?† I met his gaze squarely. â€Å"No.† He presented us with his back, then looked into the nearest cypress, where my tree stand remained. â€Å"Hmmm,† was all he said – until he turned with a pistol in his hand. â€Å"Where are the werewolves?† How to cite Night Creature: Crescent Moon Chapter 38, Essay examples

Financial Year Assessment Wildwood Creations Ltd

Question: Describe about the Financial Year Assessment for Wildwood Creations Ltd. Answer: Executive Summary Wildwood is a small shop and factory that has specialized in makings, repairing and restoration of wooden outdoor entertainment furniture. The firm lowered the cost of minor repairs after a long period of time. The firm also decreased the price actual price of major repair in the current year of operation. All these price decrease are as a result of increased competition that is threatening Wildwood performance. Sam Dekkan who is a part owner and sets prices for the services and product has requested a review in order to understand the portion of profit that is as a result of price decrease and the other portion as a result of other related factors. The report is an analysis of budgeted and actual Operating Profit statements of Wildwood Creations Limited for the year starting July 2015 and ending June 2016. The report aims to answer with support of analysis the disparity in proportionate of the planned budget and the actual outcome for the year. The disparity has caused a general decrease of profits by $2917 despite the company receiving increased revenues by $55390. Comparison of the differences between the planned and actual outcome, flexed budget and compensation analysis has been used to offer explanation about the Wildwood Creation limited situation. From the analysis, the difference in estimated budget and actual outcome is evident in the direct materials used. The business planned budget underestimated labour and material use by $ 54607 less than the actual used in the year. Decrease in prices of actual major repairs increased the number of jobs from the projected 390 to 450 jobs. Reduction in price charges on minor repairs did not reciprocate the projected number of 1830 jobs and turned to be 1740 jobs. There were a gross decreased number of jobs from the budget of 3330jobs to 3295 actual jobs. It is noted from this analysis that despite the gross decreased jobs as in planned budget, there was no decrease in the amount of cost incurred in the actual outcome. The compensation to profit ratio for the company show that there was an estimation of $26.36 for every $1 of profit to be earned. The actual ratio turned to be $34.26 to every $1 in profit earned in the year 2015-2016. This showed that there was underestimation of the costs of labour to yield one dollar profit for the company. Also, the planned percentage for compensation to total revenue was 2.21% less than the actual percentage. This analysis showed that the company is labour intensive and was increasingly having much of it return dependent on the labour input. Using a flexible budget to analyze outcome when actual jobs are accounted for resulted to estimated losses. Revising the planned budget showed losses on the budget. There is a deficit of $32536 on the flexible budget of Wildwood Limited. This indicated that cor respondent costs and revenues have to be matched to yield profits to the company. Therefore, it can be said that flexible budget analysis established that there was other disparities in the planned budget other than in the estimation number of jobs. From the analysis, profits of Wildwood depend on the efficiency of the labour employed and compensation of employees. Therefore, the margins of profits can be increased by managing direct labour input and offering competitive prices. It recommended that allocation is accurately and proportionally indicated by the accounting department to allow the following Overestimate of expenses and underestimate of income. Overestimating expenses will enable the business to deal with contingent expenses while underestimating income will build a safety factor in the business. This will reduce business frustrations of being over optimistic. Also the management should work on the efficiency of resources in the business. Wildwood being a labour intensive business, control and monitoring mechanisms should be put in place to ensure optimal utilization of the labour to increase profit earned by a unit of labour. Finally, it important for the business to try to minimize it cost on services, products and expenses in order to offer competitive prices relative to its competitors. Lowering the price charge of product or service has a high yield on profits than increased advertisements. Appendix 1 Schedule 1: showing the differences between the planned outcomes and Actual outcomes for the year 2015-2016 WILDWOOD CREATIONS Ltd Differences in Budgeted and Actual Outcomes (Based on 2015-2016 financial year) Particulars Planned outcomes Percentage cost allocation of Budgeted cost Actual outcomes Percentage cost allocation of actual cost Differences (planned-Actual) in $ Total revenues $ 947800 $ 1003190 -55390 Owner salaries-bonus $ 47390 5.1% $50160 5.1% -2770 Owners salaries-base $ 180000 19.4% $180000 18.2% 0 Major repairs, salaries $172000 18.5% $ 172000 17.4% 0 Minor repairs, wages employees $102480 11.0% $151032 15.3% -48552 Rush Jobs, Wages $4050 0.4% $4455 0.5% -405 Materials for new tables $ 72800 7.8% $75600 7.7% -2800 Replacement parts $ 224400 24.2% $224945 22.8% -545 Transportation $44289 4.7% $43824 4.4% 465 Total Direct cost $847409 $902016 -54607 Contribution $100391 $101174 -783 Advertising $15000 1.6% $17000 1.7% -2000 Depreciation $6000 0.6% $6000 0.6% 0 Office rent $52000 5.6% $54000 5.5% -2000 Miscellaneous $8200 0.9% $7300 0.7% 900 Total percentage 100% 100% Total overhead $81200 $84900 -3700 Operating profit $19191 $16274 2917 (Appendix continued) Schedules of Differences between the planned Volumes of number of jobs and hour and Actual numbers of Jobs and Hours used per job for the year 2015-2016 Job type Budgeted Volume -No. of jobs Budgeted Hours-Per Jobs Actual Volume No of Jobs Actual Hours Per Jobs Differences in Volume of jobs(Budgeted-Actual) Differences in Hours per Job Major repairs (salary) 390.00 7.00 450.00 7.00 -60 0 Minor Repairs (wages employees) 1,830.00 2.00 1,740.00 3.10 90 -1.1 Restoration jobs -salary 540.00 6.00 510.00 7.50 30 -1.5 Making of new Furniture -salary 520.00 14.00 540.00 13.00 -20 1 Rush-jobs minor repair outsourced 50.00 3.00 55.00 2.80 -5 0.20 Total 3330 3292 35 Appendix 2 Schedule 2: Compensations and income comparison for Wildwood Creations Ltd for the year 2015-2016 Wildwood Creations Ltd For the 2015-2016 financial year Revenues $947800 $ 1003190 Owners Salaries 180000 180000 Owners bonus 47390 50160 Major repairs- salaries $172000 $172000 Minor repairs- wages $102480 $151032 Rush jobs-wages $4050 $4455 TR-TLC $441880 $445543 Compensation to profit ratio = Total labour cost /profits Estimated compensation to profit ratio= 505920/19,191 = $26.36 Actual compensation to profit ratio= 557647/16,274 = $34.26 Estimated percentage of total labour to total revenue= 100*505920/947800=53.38% Actual percentage of total labour to total revenues= 100*557647/1003190=55.59% Appendix 3 Schedule 3: Revised Budget Wildwood Creations Ltd Revised Budget For the year July 2015 to June 2016. Total Revenue $947,800 Costs: Owner Salaries - base $180,000 Owner Salaries - bonus $50,160 Major repairs: salaries $151,032 Minor Repairs: wages employees $172,000 Rush Jobs: wages $4,455 Materials for new tables $72,800 Replacement parts $224,400 Transportation $44,289 $899136 Contribution $48664 Advertising $15,000 Depreciation $6,000 Office Rent $52,000 Miscellaneous $8,200 $81,200 Operating Profit $(32536) References Bamber, L., Braun, K., Harrison, W. (2008). Managerial accounting. Upper Saddle River, N.J.: Pearson Prentice Hall. Davis, C. Davis, E. (2012). Managerial accounting. Hoboken, N.J.: John Wiley Sons. Porter, P. Gallagher, M. (2004). Revised RD Budgets for Funding Postponements. The Journal Of Cost Analysis Management, 6(2), 58-78. https://dx.doi.org/10.1080/15411656.2004.10462423 Winters, D. (2008). Introduction and executive summary. Managerial Finance, 34(2). https://dx.doi.org/10.1108/mf.2008.00934baa.001