Managing Finance Essay Example | Topics and Well Written Essays - 3000 words

Managing Finance - Essay Example All costs involved in the manufacture of goods needs to be captured by the costing system adopted by a company. The method of such cost capturing depends on the manufacturer’s industry, and the type(s) of products manufactured. The two major methods of costing are (a) Process Costing, and (b) Job Costing (Martin, 2009?). Process costing is the normal method of capturing the cost in most manufacturing industries especially when the products are produced in large numbers using a sequence of repetitive operations. Typically, the products are usually identical and can not be segregated. Under this method, the cost of product is known at the end of any particular manufacturing operation. The cost of each process (or department) is captured using one of the costing techniques. The direct cost attributable to the product is calculated by department, and indirect costs are allocated to the products. Industries typically include textiles, coal, cigarettes, shoes, gasoline, steel, glass, automobiles, gas, water, electricity, etc. Job costing is used for industries where manufacturing takes place against a specific order. This method is useful for tracking the costs of unique products, which are usually manufactured to a specific order. In this costing process, costs are accumulated by jobs, lots, or batches. Industries that use this costing method include shipbuilding, construction projects, large contracts, job printing, etc. Absorption costing is also known as Full Costing. Under this system, all direct manufacturing costs, and all manufacturing overheads (including fixed and variable overheads) are allocated to the products. This costing concept is recommended for external reporting as per Accounting Standards Committee (SSAP 9). The limitation of this system is that the product costs can not be used for internal decision making as they would tend to

Nutrition Essay Example | Topics and Well Written Essays - 750 words - 1

Nutrition - Essay Example Such factors as body weight and secondary complications can help in understanding effectiveness of bariatric surgery for treating obesity. Type 2 diabetes is a significant health problem among obese patients. Empirical studies have been conducted to establish possible results that bariatric surgery has on prevalence of type 2 diabetes among obese people. One of the studies developed its knowledge from existing literature over a range of 16 years and revealed that more than ten percent of reported cases of bariatric surgery resulted in remission of type 2 diabetes among the patients. More than two percent of the involved participants achieved remission of type 2 diabetes because of the surgery. A consideration of body weight management among the patients also demonstrated success. Almost 90 percent of research participants achieved an average of about 56 percent weight loss (Buchwald, 2009). Different procedures for the bariatric surgery also showed significance in effectiveness of th e treatment measure. Biliopancreatic diversion, for instance, led to higher treatment effectiveness than gastric bypass and banding procedures. Bariatric surgery also reported significant effects in managing insulin level in obese patients. The study identified lower percentages of patients who reported significance of the treatment measure. These results are valid because of the longitudinal approach and the many studies and participants that the study considered. This means that a patient has high chances of treating obesity and its associated complications through bariatric surgery. Biliopancreatic diversion is the best of the surgery options (Buchwald, 2009). Gastric bypass surgery is an effective bariatric approach among patients with critical obese conditions. An empirical approach that employed quasi-experimental design observed remission of diabetes among the participants over the six-year period. Prior to the study’s intervention, the patients had persistent diabetes and traditional insulin treatment offered no remedy. The bypass surgery however ensured remission in up to 88 percent of the considered participants, as observed over the study’s duration. Some of the factors that regulate glucose level did not show a significant relationship with weight loss but the patients’ ability to regulate their glucose level improved. Application of the surgical approach is also safe from complications, as the research did not report such adverse effects as excess weight loss, disability, or even death. The patients’ bodies were also able to manage other conditions such as cardiovascular diseases. The research design and its longitudinal approach offer reliability and validity measures. The high rate of effectiveness of the bariatric approach means that it has a high probability of controlling obesity and its secondary conditions such as hypertension (Cohen et. al, 2012). In another empirical study in which researchers sought to explore potential benefits of gastric bypass surgery, similar effects, as observed under mild obese conditions, was noted. The researchers acknowledged scarcity of knowledge on long-term effects of the surgery on severe obesity cases. An experimental study was conducted among on patients who sought and received the surgery, those who sought but could not receive the surgery, and those who did not seek and did not

Family structure in the United States Essay Example for Free

Family structure in the United States Essay During WII nuclear families were the most common family type. Men were the main breadwinners and the women stayed at home, taking care of the children. This has now shifted to shared and even reversed roles, as dual-earner families are also on the rise. Since WWII, there has been a rise in types of families such as extended, single parent and step. â€Å"Of all the households in 2005, 57% were couple families compared with 70% in 1971. The biggest fall has been in couple families with three or more dependent children† (Fisher Et Al 2012) There are many reasons why family structures have changed since WWll. The biggest factor has been divorced, with a dramatic increase from only 339 divorces in 1971 to 2,360 in 2015 (nisra.gov.uk 14/09/17). There are now approximately 1.7 million lone-parent families in Britain making up about 25% of families. This was due to the Divorce Reform Act of 1969 taking force in 1971. The social stigma of divorce was no longer as big an issue and financial independence is now increasing for women, making it easier on women to leave their husbands (www.theguardian.com). This devalued marriage, with many choosing not to legally marry. 36% of adults in Northern Ireland remain single (NI Census, 2011). Cohabitation is on the increase, with almost 6 in 10 babies being born to either unmarried parents or a single mother. The numbers are greatest in Belfast and Derry (The Belfast Telegraph, 23/9/15). Cohabitation during and after WW2 would have been seen as unforgivable with hardly any couple doing so. Lots of factors have changed to make couples living together out of wedlock more relaxed. There has been a decrease in social stigma and a decreasing church influence, with only 1 in 10 people now regularly attending church (www.bbcnews.co.uk). However, Northern Ireland has the highest level of churchgoers in the UKwww.faithsurvey.co.uk. Only 36% of marriages take place in church comparing to 1960 when all marriages took place in a church (www.stp.pembrokeshire.sch.uk). The introduction and accessibility of contraception have had an influence on family structures. This has had a major effect on couples starting their families, especially if they are concentrating on building their career. According to BBC News (4/12/11) in Britain in the 1960’s, the pill was available only to married women who felt their families were complete. By 1974 all women, including those who were single could have the pill prescribed. When contraception was more widely used it affected the UK by couples having smaller families. They were able to plan if and when to start and family and how many children to have. The NI Census shows a reduction in the average household size from 2.65 in 2001 to 2.54 in 2011. Many couples are now childless. The Sunday Times magazine (Christina Patterson, 20/10/13) backs up this information stating that â€Å"It is estimated that, by 2018, 25% of British women of childbearing age will never have a baby†, and this increases to a th ird of women with degrees. The dependence of women working in WW2 and the suffragette movement meant that the roles of women changed significantly and by the 1960’s, 38% of women were employed (www.bbc.co.uk). The equal pay act was passed in 1970 giving women their rights, however, according to ONS statistics on average, women are paid over 19% less than men. Followed by the Sex Discrimination Act, then shortly after women finally won the right to 14 weeks’ maternity leave in 1993 and more in recent years. These acts allow women to work in within a working environment fairly and being paid the same as men which means that single parents have a better opportunity of coping on their own rather than being having the stress of finding a partner (www.bbc.co.uk). Statistics back this up by stating that there are now approximately 1.7million lone parent families in Britain this makes up about 25% of all families (Fisher et al 2012) There has also been an increase in families based on same-sex civil partners as a result of legislation in 2004. The first same-sex civil partnership took place in Belfast in December 2005. The number of same-sex marriages in Northern Ireland from 2005 to 2015 have gone up and down throughout the years due to media portrayals. In 2005 there were 12 same-sex marriages increasing to the highest number is ever been in 2010 at 116. The numbers have decreased since then to 89 in 2015.

City on a hill: A new nation is born :: essays papers

City on a hill: A new nation is born The city on a hill idea was first taught by the puritans that came from Europe, that wanted America to be a shining example to all the world. It was to be a place built on new rules and new ideas. Overall, it was supposed to be a nation that rose above all the others so that it could be marveled at and copied. In this paper it will be proven that the federalist approach to how the â€Å"City on a Hill† idea should be put into action was superior to the ways of the anti-federalists because of three things that they did:1. Protected the people from tyranny, 2. Provided opportunity, 3. Insured liberty, 4. Protected individual rights and liberty, and 5. Had a more lasting effect on the methods used for ruling our country. The federalists definantly protected the people of their country from tyranny. Before the federalists, the anti-federalists ruled the states, and they were very tyrannous. For example, they wanted all of the states to each take up a portion of the debt from the revolutionary war. This was easily payable by the larger states that had much industry, but for the smaller or less industrially developed states, this was a debt that they were just not able to handle. The federalists finally decided when they had the power that they would assume the debt as a part of a deal to move the capitol to Washington, D.C. This is just one example of how the anti-federalists tried to control the citizens while the federalists wanted to free the people and give them a chance to lead a free life. The federalist party definantly gave the people of the United States opportunity. The anti-federalists, however, did not. They not only jailed those in debt, but also they never set up a national bank to make loans so that people could cope with their debt. From setting up a national bank to helping people in debt, the federalists were able to lend money and keep people from being imprisoned for owing money. This allowed for the opportunity to grow and to expand to many of the peoples of the U.S. The federalists insured liberty by putting an end to being jailed for debt. While the anti-federalists put the law into effect that allowed people to be jailed for their debts, until the people were so tired that they staged a rebellion, the federalists got rid of this and set up the bank and took over state debts from the war.

Generally Accepted Accounting Principles Essay

A. What is the difference between a contribution income statement and a traditional income statement? Contribution income statement is an income statement that classifies cost by behavior (fixed cost and variable cost). Traditional income statement is sometimes called the functional income statement. It is an income statement prepared in the multiple-step or single –step income statement format which conforms to Generally Accepted Accounting Principles (GAAP) and can be used for external financial reporting. The main difference between the two is that the contribution income statement list variable costs first, followed by fixed costs. Keeping in mind that GAAP and does not permit businesses to use the contribution income statement for financial accounting – it is used only for internal decision making purposes. B. What is the difference between absorption costing and variable costing? Absorption costing is a costing method where product cost includes all the costs to acquire products and get them ready to sell regardless of whether the costs are variable or fixed. Generally Accepted Accounting Principles requires business to use absorption costing for financial accounting. Variable costing is a method of costing where only the costs to acquire products or to get them ready to sell that vary with output are treated as product costs. In other words, only variable product costs are treated as product costs. For manufactures, the difference between absorption costing and variable costing is significant. For example, when Caterpillar uses absorption costing to determine the cost of manufacturing, its product cost includes the direct material, direct labor, variable manufacturing overhead, and fixed manufacturing overhead cost incurred to make the bulldozer. These costs are added to inventory and they are not expensed as cost of goods sold until the bulldozer is sol. However, when Caterpillar uses variable costing, product cost, includes only direct material, direct labor, and variable manufacturing overhead costs. Under variable costing all of Caterpillar’s fixed manufacturing overhead cost is treated as period cost. When Caterpillar uses variable costs are added to inventory (direct material, direct labor, and variable manufacturing overhead). Under variable costing, Caterpillar expenses fixed manufacturing overhead as it is incurred just like it does other period cost such as selling and administrative expense. F. What is the contribution margin ratio and how does it differ from the contribution margin? Contribution margin is the amount remaining after all variable costs have been deducted from sales revenue. It is an important piece of information for managers, because it tells them how much of their company’s original sales dollars remain after deducting variable cost. Contribution margin ratio is the contribution margin expressed as a percentage of sales. Contribution margin ratio can be calculate by dividing the total contribution margin by total sales or by dividing the per unit contribution margin by per unit selling prices.

Reflection Substance And Family - 1410 Words

Reflection: Substance and Family Tracy Collins Wilmington University In physical science, the term substance simply refers to a pure form of matter that contains molecules, where a combination of different molecules forms a mixture. In the context of this paper, the term substance relates to drugs and alcohol, which, when misused, bring about undesirable consequences. Drugs can be of varied categories. Addictive drugs such as marijuana, cocaine, and heroine are usually harmful to one’s health as their consumption brings about health complications. Others such as prescription drugs are helpful to people’s health because they cure diseases, but if abused, they can equally harm an individual’s health. The present paper focuses on†¦show more content†¦From my personal observation in my community, people may abuse drug for several reasons. I examine one of the main reasons for one to abuse drugs, which is the failure to socialize with other people around them in the right way. Such people believe that the further they are from the rest of the world, the better their life becomes. For this cause, a person separates himself/herself and quits socializing with others. Eventually, solitude takes its place in such a person, leaving them overwhelmed by loneliness and a feeling of being left out. Being emotionally distant from friends and loved ones erodes the self-confidence of that person. As time goes by, he/she resorts to drug and substance abuse as a substitute of the missing socialization. This occurs when they become confounded by the belief that smoking, drinking or sniffing drugs will set their minds free from isolation and solitude. This habit creates the wrong impression that the more they purchase drugs from their addicted peers, the more they make new friends, and hence the more they are engaging in socialization. Unfortunately, they fail to recognize that this is the wrong way of socializing. In this manner, substance abuse damages both an individual’s life and the community at large with it s deleterious effects. I have to state clearly that I have never abused substances either as a child or young adult in my entire life, implying that I am not a direct victim of the effects of substance abuse.Show MoreRelatedSubstance Abuse In America Case Study780 Words   |  4 PagesSubstance abuse in America has gone to lengths such as reaching the rural Appalachian culture in West Virginia. Despite the Nationwide crisis and epidemic of 23 million individuals using, misusing and abusing substances West Virginia is currently unable to say that they are safe and that they have not been affected by this epidemic (Carpenter, Mcclellan, Rees, 2016). All types of drugs ranging from medication prescribed substances to street drugs have been reported in just about all areas ofRead MoreEating Disorders And Anorexia Nervosa951 Words   |  4 Pagescome from having been sexually abused or having family that are too controlling over what they do. â€Å"Most often diagnosed in females (up to 90%), Anorexia is characterized by failure to maintain body weight of at least 85% of what is expected, fear of losing control over your weight or of becoming fat.† The person with the disorder often visualizes themselves in a mirror and seeing an overweight person staring back at them which is their reflection. Treatment for anorexia nervosa involve restoringRead MoreCulturally Adapted Family Treatment Paper1130 Words   |  5 PagesCULTURALLY ADAPTED FAMILY TREATMENT PAPER Culturally Adapted Family Treatment Paper Launita J. 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It is this chronic disease that is a significant and growing issue, especially among family units where either one or two parents and/or parental guardians suffer from. Despite the various and complex reasons that cause the parents or parental guardians to abuse substances, it is their children who suffer thus, significantly affecting the parent/parental guardian and child bonding relationshipRead MoreAddiction Models988 Words   |  4 Pages Effective Components in Determining Substance Use Behavior Crystal Ramsey Liberty University Effective Components in Determining Substance Use Behavior Addiction is regarded as having a multitude of causations and contributing factors. No single specific component or model can accurately predict a person’s substance use behavior (Clinton amp; Scalise, 2013). Substance use disorders are a reflection of the impact of person-specific biological, psychological, and social influences. UnderstandingRead MoreLife Core A Facility For Adults With Substance Addiction901 Words   |  4 PagesThe names of the speaker was Stephanie Stout, which included Madison Nabors, and Dale Nabors, they all share employment at Life Core a facility for adults with substance addiction. Stephanie is a Peer Specialists that help clients recover from their addiction. I know a little something about how person acts after a drug overdose. The hospital that I work at drug overdose is common. I sit with a lot these patients because when they come out their comatose state, their first actions are to get outRead MoreMaternal Substance Abuse During Pregnancy Care Managers1186 Words   |  5 PagesMaternal substance abuse accounts for problematic health concerns in infants, according Forray (2016), â€Å"5.9% of pregnant women use illicit drugs, with usage age ranging from 15-44 years of age† (p.3).   Types of illicit substances used during pregnancy consist of Cocaine, Marijuana, Methamphetamine, Heroin, and an array of other illicit substances.   Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚ ¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. For my immersion experience I choose to focus on the population of women

Why a Coffee Power Nap Works

Youre tired, but you dont have time to really sleep. Rather than taking a power nap or grabbing a cup of coffee, try taking a coffee power nap. Heres what a coffee power nap is and why it actually leaves you feeling more refreshed and awake than either a power nap or a cup of coffee or even a nap followed by coffee. What Is a Coffee Power Nap? You know what coffee is, but it might be helpful to review the power nap concept. A power nap is a short nap (15-20 minutes) that takes you into stage 2 sleep. Its just long enough to stave off some of the worst effects of sleep deprivation or exhaustion, but not so long that it drags you into slow wave sleep (SLS) or deep sleep, which would leave you feeling groggy if you ended it too soon (sleep inertia). Research has shown that even a 6-10 minute nap helps improve concentration, alertness, motor performance, and learning, while a 30 minute nap confers the benefits of a full sleep cycle, markedly reducing fatigue and reversing much of the physiological damage of sleep deprivation. A coffee power nap or caffeine power nap is when you drink coffee or a caffeinated beverage right before settling down for your nap. How a Coffee Power Nap Works The short explanation is that it takes about 20 minutes for caffeine to jolt your system and 45 minutes before it reaches maximum effect. So, the caffeine doesnt keep you from falling asleep, but its there to boost your performance the minute you wake up. Heres the longer explanation: When you drink coffee or tea or your favorite energy drink, the caffeine is absorbed into your blood stream through the walls of the small intestine. From there, the molecule travels to your brain, binding to the receptors that would accept adenosine, a molecule that accumulates when you are tired and causes you to feel sleepy. So, about 20 minutes after taking it, caffeine helps you feel more awake because additional adensoine cant find a binding location. When you sleep, even if its just a quick nap, your body naturally clears the adenosine from the neural receptors. This is why you feel more awake after a nap. When you drink coffee and take a nap, the sleep clears the adenosine so you wake up feeling refreshed, and then the caffeine kicks in and blocks the receptors so you wont get tired again as quickly. Plus, caffeine boosts your metabolism and gives you all those other great stimulant side effects. Its a win-win situation. How Do We Know It Works? Scientists cant get into your brain to see the neural receptors and measure binding rates, but the effects of the coffee power naps have been observed. One study conducted by scientists  at Loughborough University in the UK found that tired study participants made fewer mistakes in a driving simulator following a 15-minute coffee power nap. They got the benefits of the nap even if they reported having trouble falling asleep. Japanese researchers found test subjects performed better on memory tests and felt more rested following caffeine naps. The Japanese study also indicated exposure to bright light following a nap or washing your face could help wake you up.Of course, I advise you to conduct your own experiment to test out the coffee nap for yourself! How To Take a Coffee Nap Drink coffee or tea containing 100-200 mg of caffeine. Dont add sugar or milk. If you choose an energy drink, go sugar-free or else the surge in blood glucose levels may keep you from falling asleep. Alternatively, you could take a caffeine pill.Set your alarm for 20 minutes. Dont go past 30 minutes because the coffee nap works best if youre awake when the caffeine hits your system.Relax. Sleep. Enjoy. It helps to wear an eye mask or turn out the lights. Its okay if you cant fall all the way asleep. Research indicates even deep relaxation, such as meditation, makes a big difference.Wake up feeling refreshed! References Anahad OConnor, October 31, 2011, The New York Times, Really? The Claim: For a More Restful Nap, Avoid Caffeine, Retrieved Aug. 21, 2015. Rose Eveleth, Smithsonian magazine, October 24, 2013, What Is the Exactly Perfect Time to Drink Your Coffee?, Retrieved Aug. 21, 2015. Corrie Pikul, September 27, 2012, Oprah magazine, 6 More Health Myths—Busted!, Retrieved Aug. 21, 2015. Like this? You may also be interested in whether coffee can really sober up a drunk.