Wednesday, August 26, 2020

Chemalite Case Study free essay sample

1. Record the impacts of Chemalite’s 1991 occasions on the BSE worksheet Cash Flow type (O, I, F) Event Cash A/R 375,000 F P1 (7,500) I P2 (62,500) I P3 (75,000) O P4 230,000 O I F T1 T2 T3 T4 T5. 1 T5. 2 T6 T7. 1 T7. 2 O1 O2 O3 O4 O5 Total (23,750) 685,000 69,500 (175,000) (22,500) (350,000) (80,000) (150,000) 50,000 (50,750) Inventory 75,000 Patent Cap. Exp. PPE 125,000 7,500 62,500 125,000 7,500 Notes Pay 62,500 Paid in Capital RE 500,000 Balance Sheet 175,000 (22,500) Adv. Cost 350,000 (80,000) Admin Expenses 150,000 F (50,000) O (750) (545,000) (25,000) (10,625) (25,000) (10,625) 69,500 (23,750) RD Expense 754,500 Revenue (545,000) 113,000 RE Explanation 55,000 100,000 7,500 201,875 500,000 Interest Expense Inv. Modification Amort. Cost Depr. Cost 46,875 Balance Sheet 15. 515 Fall 2003 Session 1 Problem Set #2: Chemalite Case 3. Monetary record (6/31/91): Assets Cash Accounts Receivable Inventories Total Current Assets Property, Plant, Equipment Other (Capitalized Start-up Expenses) Patent Total Assets Liabilities and Stockholders Equity Common Stock Retained profit Total Liabilities and SE 230,000 75,000 305,000 62,500 7,500 125,000 500,000 15. 515 Fall 2003 Session 1 Problem Set #2: Chemalite Case 3. Salary Statement (For a half year June 30, 1991): Revenue Costs and Expenses Advertising Administration Manufacturing costs Raw materials RD Interest Depreciation Amortization of patent Net Income 15. We will compose a custom paper test on Chemalite Case Study or on the other hand any comparative point explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page 515 Fall 2003 Session 1 Problem Set #2: Chemalite Case 3. Direct Statement of Cash Flows (a half year finished June 30, 1991): Cash gave (utilized) by working exercises Received from clients Paid for stock Paid for promoting Paid for assembling costs Paid for organization Paid for premium Paid for RD costs (75,000) (75,000) Cash gave (utilized) by contributing exercises Start-up costs Purchase of PPE (7,500) (62,500) (70,000) Cash gave (utilized) by financing exercises Cash from stock issuance 375,000 Increase (decline) in real money balance Beginning money balance Ending money balance 230,000 15. 515 Fall 2003 Session 1 Problem Set #2: Chemalite Case 3. Monetary record (December 31, 1991): Assets Cash Accounts Receivable Inventories Total Current Assets Property, Plant, Equipment Other (Capitalized Start-up Expenses) Patent Total Assets Liabilities and Stockholders Equity Regular Stock Retained income Total Liabilities and SE 113,000 69,500 55,000 237,500 201,875 7,500 100,000 546,875 500,000 46,875 546,875 15. 515 Fall 2003 Session 1 Problem Set #2: Chemalite Case 3. Pay Statement (a half year finished December 31, 1991): Revenue Costs and Expenses Advertising Administration Manufacturing costs Raw materials RD Interest Depreciation Amortization of patent 754,500 22,500 80,000 350,000 195,000 23,750 750 10,625 25,000 707,625 Net Income 46,875 15. 515 Fall 2003 Session 1 Problem Set #2: Chemalite Case 3. Direct Statement of Cash Flows (For a half year finished Dec. 31, 1991): Cash gave (utilized) by working exercises Received from clients Paid for stock Paid for promoting Paid for assembling costs Paid for organization Paid for premium Paid for RD costs 685,000 (175,000) (22,500) (350,000) (80,000) (750) (23,750) 33,000 Cash gave (utilized) by contributing exercises Start-up costs Purchase of PPE (150,000) (150,000) Cash gave (utilized) by financing exercises Cash from stock issuance Increase (decline) in real money balance Beginning money balance Ending money balance (117,000) 230,000 113,000 15. 515 Fall 2003 Session 1

Saturday, August 22, 2020

Teaching - A Way to Make a Difference :: Education College Admissions Philosophy

Educating - A Way to Make a Difference To me instructing is an approach to have any kind of effect in someone’s life. In the event that it is passionate, information base or physical, we as experts should enable the understudy to be everything they can be. The explanation that I need to turn into an educator is with the goal that I can have any kind of effect. I need to assist understudies with opening numerous ways to their future. I feel that an instructor ought to be the individual that twenty years not far off that we despite everything motivate the understudy. I can't state that I am fundamentally only one of the ways of thinking. I feel that I am a blend of many, of the methods of reasoning. I have confidence in student’s opportunity, utilizing hands on approach, and concentrating on what has occurred in the past to make us study certain things. Educators ought to be nontraditional, yet have conventional qualities. We as experts should continue learning and to make getting the hang of energizing regardless of what reasoning or hypothesis we use. We are there to enhance the students’ life, to make picking up energizing. The study hall will be set up in a manner to make learning pleasant not shocking. I need to have habitats for each sort of student that I have. The release sheets will instructive yet fun learning materials. I feel that a release board ought to have things on it with the goal that it gets the eyes of the understudy. By going into history as an expert I might want to see the understudies to have a wide range of sorts of learning encounters. Understudies would do gathering and individual tasks, so they would figure out how to cooperate and alone. In the study hall, I will set it up with the goal that an understudy can ascend to the sky like an inflatable. With regards to teach in the class the principles and outcomes will be posted and the start of the year. How they are set will be by asking the understudies what they feel the standards ought to be, and what ought to be done on the off chance that they are broken. I feel that on the off chance that they understudies feel they helped make the standards and results they will tail them all the more intently.

Friday, August 14, 2020

How to Take a Break From Work (and Why You Need It)

How to Take a Break From Work (and Why You Need It) Stress Management Management Techniques Print How to Take a Break From Work (and Why You Need It) By Elizabeth Scott, MS twitter Elizabeth Scott, MS, is a wellness coach specializing in stress management and quality of life, and the author of 8 Keys to Stress Management. Learn about our editorial policy Elizabeth Scott, MS Medically reviewed by Medically reviewed by Carly Snyder, MD on November 11, 2019 facebook twitter linkedin Carly Snyder, MD is a reproductive and perinatal psychiatrist who combines traditional psychiatry with integrative medicine-based treatments.   Learn about our Medical Review Board Carly Snyder, MD on November 11, 2019 How Stress Impacts Your Health Overview Signs of Burnout Stress and Weight Gain Benefits of Exercise Stress Reduction Tips Self-Care Practices Mindful Living ULTRA F / Getty Images In This Article Table of Contents Expand Symptoms Benefits of Taking a Break Warning Signs Ideas and Solutions View All We all need to take a break sometimes. Oddly, though, many people leave their vacation time unused.?? Whether you take a vacation, a staycation, or a playcation, its important to take a break from the job, the routine, and the demands of life in order to keep stress levels in check. When we take a break, were not shirking responsibility; were taking care of ourselves so well have the stamina to be our best. Heres why its important to take a break. Symptoms of Chronic Stress Letting stress build up can be unhealthy in several ways. The body is designed to respond to short bursts of stress, but when stress is prolonged and the stress response is triggered repeatedly and on a regular basisâ€"as can happen in a stressful job or a conflict-ridden relationshipâ€"the situation turns into one of chronic stress, where the real health problems set in.?? Those who experience chronic stress are more susceptible to conditions ranging from more frequent headaches and gastrointestinal issues to more serious conditions like high blood pressure, which brings an increased risk of heart disease and stroke. When our allostatic load, or overall level of stress, accumulates to a certain level, stress can just snowball because were constantly in a state of reactivity.?? At this point, even positive events can feel overwhelming if they take energy to enjoy, and were not able to respond from a place of strength and wisdom, but rather from a place of anxiety, or we work on auto-pilot. Management Techniques for Chronic Stress Benefits of Taking a Break Vacations and even shorter breaks where we get some physical and psychological space from the demands of life can bring many rewards. Obviously, we feel less stress when were not in a stressful environment. But vacations bring more than that. They interrupt the cycle of stress that can lead to being  overwhelmed. They give us a break from chronic stress so we can restore ourselves physically and mentally to a healthier place. Because a chronically-triggered stress response can lead to decreased creativity, memory problems, and other issues, this break in the stress cycle can lead to sharper thinking and increased creativity that can spill into all areas of our lives.?? This makes us better at our jobs, more available in our relationships, more energetic with our families, and more able to enjoy life for a prolonged amount of time after we return. Warning Signs Sometimes, its obvious when a vacation is necessary. But other times, the stress we experience can sneak up on us, and we may be less able to recognize when were at risk for overwhelm and burnout.?? Because we all respond to stress in unique ways, our signs of overwhelm may be unique as well. However, there are some general warning signs that apply in most cases. If youre experiencing one or more of the following, its a good idea to start planning some downtime, even if its in the form of a weekend staycation to recharge your batteries. Signs That You Should Take a Break Lack of energyLack of motivationMore frequent frustrationFeeling fuzzy-headedMild health issuesSleep disturbances due to stress In fact, unless you feel energized, motivated, excited, creative and fully engaged at work and in your relationships, youd likely benefit from a vacation because its a good idea to manage stress before it feels overwhelming. Vacations, mental health days, and regular self-care can keep you functioning at your best.?? Ideas and Solutions If you need a break, there are several different options for getting one. You can go for a long and luxurious break, a relaxing and simple one, or short and sweet. You can even have minutes-long breaks that you take throughout the day to keep productivity higher and to keep from feeling overwhelmed. The following are resources for each type of break. Take your pick, and take a break today. Vacation A real break, in the classic sense of the word, taking a vacation is more important than many people realize, which is why many vacation days go unused when they should be enjoyed to the fullest. The key to a restful vacation is to prioritize rest and fun when you go; dont overbook yourself with tourist activities or bring so much work with you that by the time you return you feel you need a vacation from your vacation. Taking Vacations for Stress Relief and Overall Health Staycation The staycation is becoming more and more en vogue, especially as people have a greater need to take a break, but with fewer means to pull off an exotic trip. The staycation is all about rest and relaxation, and enjoying the place you are often too stressed and busy to really enjoy: home sweet home. The key to a refreshing staycation is the same as the key to a restful vacation, though somewhat trickier to pull off: dont overdo it, and dont let work creep in. That means no cleaning, office work, or dealing with regular responsibilities. You can either turn off the phones, ignore email, and make it a point to both rest and play  or go to a nearby hotel to make it easier. How to Relax on Your Staycation Playcation Few people talk about having a playcation, but its a great idea: stay home, but make it fun! The difference between a staycation and a playcation is that staycations tend to focus more on resting and relaxing, while playcations are forâ€"you guessed itâ€"fun! With the hard work and stressful routines that characterize many peoples lifestyles, its important to have some fun (like Billy Crystal did to get his smile back in the classic movie City Slickers) as a way to recharge your batteries and be sure youre enjoying life. You can devote several days to taking a playcation, or just be sure you pepper in some fun on a regular basis. Short Breaks Sometimes we just need to take a break from stress long enough to disrupt the bodys stress response cycle, and then get back into the action. For quicker options, you might want to take a hike or a bike ride, enjoy a movie, or even have a 5-minute meditation session. With these ideas for ?quick breaks, youll have several ideas from which to choose.

Sunday, May 24, 2020

Love in Andrew Marvell in To His Coy Mistress and John...

Love in Andrew Marvell in To His Coy Mistress and John Donnes The Sunne Rising These two poems, To His Coy Mistress and The Sunne Rising are similar poems, they are both metaphysical (metaphysical means more than physical) poems written around Shakespeares time. The main theme of these poems is the same; it is romance and the love of a woman. Yet the two poets have very different opinions on these two things. Within both poems are arguments, in To His Coy Mistress it is with the woman and in The Sunne Rising it is with the sun. The Sunne Rising is about a mans argument with the sun over how important it is compared to his woman. To his Coy Mistress is about a man trying to seduce the†¦show more content†¦These two themes are different yet they are introduced in similar ways, in The Sunne Rising this theme is introduced straight away, as the first line is insults towards the sun. In To his Coy Mistress the theme of time is introduced at the start of the poem, yet it is introduced a bit softer and slower than in The Sunne Rising. The two theme are bot h linked to love because they help the writers describe the mans love for the woman. The poems have some differences as well as similarities, one of these being that The Sunne Rising is about personification of the sun, and how the man describes his love of his woman to the sun. His Coy Mistress is different as it is about a man trying to seduce the woman. This shows how the main themes are slightly different because the type of love for the two women mentioned in the poems is slightly different because, in The Sunne Rising the man is describing the love that he has for his woman is the long lasting and will last forever and in His Coy Mistress the mans love is for a woman he just met, and is trying to seduce. AnotherShow MoreRelated A Comparison of Andrew Marvells To His Coy Mistress and John Donnes The Sunne Rising1925 Words   |  8 PagesA Comparison of Andrew Marvells To His Coy Mistress and John Donnes The Sunne Rising Both poems To His Coy Mistress and The Sunne Rising were written by metaphysical poets, this is one of many similarities in the poems. However, there are also a number of differences between them. In both poems, there is an obvious link to the theme of Carpe Diem which simply means seize the day. The poems relate to time and that of how its running out. They seem to be in

Wednesday, May 13, 2020

It Is Possible To Put A Value Or Price On Almost Anything,

It is possible to put a value or price on almost anything, from a friendship to a box of cereal; but what about life? Some people may attempt to value life by recognizing the good deeds done in a lifetime while others determine life’s value by highlighting the wrongs. Of course it is possible for individuals to value life based on their own moral or logistical standpoints, but this does not account for the other billions of people that inhabit this planet. Although it may never cross the average person’s mind, everyone values life differently despite similarities or differences in character, morals, or religion, making it impossible to universally value life morally, but possible to place a monetary value on life through a series of†¦show more content†¦Point being, it is impossible to come up with a value for a life that everyone will agree with, leaving it to personal opinion to determine how much one’s life is really worth. As an individual, it is possible to follow your moral codes in order to determine the value of a life, but it is most likely not going to affect other’s perceptions because everyone has their own point of view on this matter. Most people tend to value a life based on how close it parallels their beliefs and moral standpoints, making it an educated opinion rather than something that can be considered a fact. On the pessimistic side of this, some also look towards all the bad things that have happened in life in order to determine its value, which is seen in the extremely well-known play Hamlet, by William Shakespeare. In the play, Hamlet struggles to find the true meaning of his existence, and is confronted with the issue of having to determine the value of life before he kills his uncle. This is evident when looking at lines five through eight where Hamlet states, â€Å"To die, to sleep, No more, and by a sleep to say we end, The heartache, and the thousand natural shocks, Th at flesh is heir to.† It is apparent that Hamlet is having trouble evaluating the value of his life until he reaches a point where he begins to asses all of the wrongs that have plagued him, and whether not hisShow MoreRelatedApple - Needs, Wants, Demands, Utility Value1212 Words   |  5 Pagescame to the conclusion that the need for mobility, flexibility and reliability are key to satisfying everyone involved in the marketing process. The customer has to be able to use the iPhone everywhere and always have a connection, it needs to be possible to use it the way you want it to use, and you have to be able to rely on your iPhone to work at all times. There are a couple of types of needs, but the need for an iPhone is a social one. The need to be in touch and to receive belonging and affectionRead More`` The Total Economy `` By Wendell Berry1719 Words   |  7 PagesThe interconnected world in which we live today is absolutely amazing. It is possible to drink a cup of coffe e grown in Uganda with a chocolate bar sourced from Brazilian cacao beans while ordering a sweater made in Bangladesh. This entanglement with the rest of the world is not without its shadows, however. The items that we so easily buy and throw out exploit laborers and resources from the farthest corners of the world. Even deeds that we feel are good for the disadvantaged people in the US andRead MoreJohn Lewis customer service case study1710 Words   |  7 Pagesas individuals; each customer has their own needs and preferences. Therefore, they always find opportunities to listen to the customers, being open to feedback, and take action quickly on what the customers tell in order to provide the best possible choice, value and service to customers. Customers go to John Lewis not only to buy products, but also to experience their excellent services. As John Lewis sees them, there are 4 key elements that have created success of them in keeping customer satisfactionRead MoreMarketing Analysis Of Radiohead, An English Rock Band From Abingdon1607 Words   |  7 PagesOxfordshire. The aim of this briefing report is to discuss, using the case study as a source, about pricing strategy in the music industry, which includes defining and talking about the online value chain of Radiohead, to compare online value chain and the traditional value chain, to critically analyze the online value chain’s impact on Radiohead pricing strategy and its implications for customers. Furthermore, the report will talk about ethical access to free online content and also will give a recommendationRead MoreThe Five Concepts of Marketing1841 Words   |  7 PagesMarketing according to Philip Kotler involves the creation, bargains and the trading of products with certain values within groups and individuals. The goods and services that are exchanged i n this economical process have their own monetary value. These goods and services that are marketed flows along a chain of activities; initially from the manufacturer or producer which then is consumed by intended customers. Products or services that are marketed should satisfy potential consumer’s need or wantRead MoreEnron : The Conspiracy Of Fools Essay1650 Words   |  7 PagesThe word â€Å"fraud† was magnified in the business world around the end of 2001 and the beginning of 2002. No one had seen anything like it. Enron, one of the country’s largest energy companies, went bankrupt and took down with it Arthur Andersen, one of the five largest audit and accounting firms in the world. Enron was followed by other accounting scandals such as WorldCom, Tyco, Freddie Mac, and HealthSouth, yet Enron will always be remembered as one of the worst corporate accounting scandals of allRead MoreBeowulf And The Anglo Saxon Values Heroism1154 Words   |  5 PagesAltho ugh cultural heroes ultimately serve the purpose of solidifying the values of a particular culture , the ever-changing, dynamic nature of heroism identifies itself as religious or a natural trait. Heroism is considered putting yourself at risk when in danger, helping those in need, and being the first one to step up and help, In the read Beowulf, he does just that. â€Å"A hero is an ordinary individual who finds the strength to persevere and endure in spite of overwhelming obstacles† This quoteRead MoreAnalyzing Online Shopping Essay1421 Words   |  6 Pagesto the consumers is the convenience of being able to shop anywhere and anytime. Online stores can be easily accessed by any device which can connect to the internet. With online shopping, it is entirely possible to shop in the wee hours of the morning, while still on bed as online stores almost never close. An individual only has to log onto a particular website, add the items they want to purchase into their shopping carts and checkout to pay for said item. They don’t need to even leave the comfortsRead MoreEssay1633 Words   |  7 Pagesanother chance. Never happened but I was taken into my mothers bed and slept with her until I was thirteen years of age. Looking back I wonder if I was fondled but my mind blacks this out but the following I remember for sure. Fourteen years old, almost fifteen, my mothers nineteen year old maid came in my room and raped me. I knew nothing about sex and was devastated and felt ashamed. She kept using me on a regular basis and her demands increased to the point that I was frightened of her. She wouldRead MoreThinking, Fast And Slow By Daniel Kahneman1286 Words   |  6 Pagesplays a larger role in success rather than skill. Therefore we cannot only look at the â€Å"quality of leadership and management practices† as the leading objectives for success. One of the repetitive themes of this book is luck being a key component in almost every success story. Luck is an important factor because it has the power to turn the future of any business from achieving extraordinary accomplishments to just ordinary outcomes. Possessing luck, or dispossessing luck, will define every individuals

Wednesday, May 6, 2020

Four Stages of Change Free Essays

The first act of change is denial. For most people in this stage, change is not easy to accept, and they react to it with a sense of denial or inability to see a problem. People in this stage do not believe that change is happening realistically. We will write a custom essay sample on Four Stages of Change or any similar topic only for you Order Now To avoid showing denial, people try to focus their attention on other things. In Jamie Oliver’s episodes, the citizens of Huntington focused their attention on things, such as, the amount of money it costs to buy healthier food and how much more time it would take to prepare it. The lunch ladies were very close-minded and seemed to always have an argument of denial against what Jamie was trying to preach to them. At one point in an episode, the head lunch lady even stated, â€Å"why fix something that isn’t broken. † But, the reality is, that the food and overweight issues in the small town of Huntington is an issue. They just do not want to come to terms with facing it. Change is often interpreted as foreign and uncertain feelings, so people shift their attention to past customs and what makes them feel secure. Jamie’s role in this stage is to help the people of Huntington understand what is happening and how it affects them. The second act of change is resistance. People begin to resist change when they realize that the change is taking place whether they want it to or not. Feelings of anger, doubt, fear, and anxiety begin to develop, which can hinder the process of change. In Jamie Oliver’s episodes, the lunch ladies of the elementary school exemplified a great deal of resistance in the change Jamie was trying to put forth. They constantly spoke about how they didn’t think that what Jamie was doing would work, and constantly complained about the new roles and strategies outlined for them. These things happen because people get pushed out of their comfort zone, and arguments and non-cooperation are ways in which team members show their resistance to change. In this stage, Jamie lends an ear to the team members concerns surrounding the change, and tries to encourage them that everything will work out. The third stage of change is consideration. Here, team members give up on arguments and begin to become a â€Å"team player. † People start acting and learning the new ways to contribute towards the changing process. They understand the rationality of the change, and how they are an important aspect in making that change happen. Rhonda began to consider the change process when she saw how the young children reacted to the healthier food that Jamie provided for them. She gave Jamie more time to allow his process to take place. Also, the parents started â€Å"jumping on board† when they watched the demonstration that Jamie put on for them about what their kids are really eating, and how much nutrition they are really getting. People in this stage begin to start contributing towards the change to find out what is really in store for them. Jamie does a great job of helping the team members participate actively and providing them with the knowledge and training that will make them more comfortable in their new roles. The final stage of change is acceptance. In this stage, productivity and emotions are completely restored. Members of the change process begin to accept their new roles and begin to settle in, as they gain more control in whats happening. An example of this taking place is when the high school lunch ladies committed to cooking the food from scratch, as they gave their support to Jamie’s cause. Jamie rewards and acknowledges the ladies for their dedication and contributions as he continues to motivate them to stay committed. It is going through this final stage of change that allows the process to actually take place within itself. How to cite Four Stages of Change, Essay examples

Sunday, May 3, 2020

Determine Evaluate and Business Intelligence MyAssignmenthelp.com

Question: Discuss about the Determine Evaluate and Business Intelligence. Answer: Introduction: The financial analysis helps to determine and evaluate the performance of a company during a specific period of time. The financial ratios estimate the liquidity, efficiency, and profitability of the company. The financial information is important for the stakeholders as it helps them to make appropriate decisions (Qu, Yang, 2012). The growth of an organization depends on the quality of products and services provided to the customers. The growth also depends on the management of all the resources and keeping the production cost low. Ratio Actual 2016 Budget 2016 Actual 2015 Industry Benchmark Return on equity % 12.9 16.6 14.8 15.5 Return on total assets % 10.7 14.2 13.1 14.5 Gross margin % 8.5 9.0 9.5 9.0 Marketing expenses/sales % 2.6 1.8 2.0 2.2 Admin expenses/sales % 1.6 1.6 1.8 2.0 Interest coverage ratio 5.4 8.1 6.4 6.0 Days in inventory 33.1 30.4 31.1 30.0 Days in accounts receivable 50.0 48.0 49.7 45.0 Current ratio 1.3 1.2 1.2 1.5 Quick asset ratio 0.81 0.77 0.77 1.0 Debt to equity ratio 0.51 0.33 0.41 .40 The return on equity ratio shows that amount of money generated from the shareholders funds. It shows the ability of the organization to generate returns from the funds of the shareholders. The actual return on equity ratio in the year 2016 is less than the budgeted figure. In the year 2015, the actual return on equity is also less than the industry benchmark. The ratio shows that the ability to generate returns has decreased in both the year. The return on asset shows the ability of the management to generate return from the utilization of the funds. The actual return on total assets in the year 2016 is less than the budgeted figure (Jones, 2013). In the year 2015, the actual return on total assets value is less than the budgeted figure. The ratio shows that the ability of the management to generate returns from the assets has decreased. The returns for the company in both the year has decreased. The gross profit margin estimates the profit that is left after deducting the sales rev enue from the cost of goods sold. The actual gross profit margin of the company in the year 2016 is less than the budgeted figure. In the year 2015, the actual gross profit margin is more than the industry benchmark industry. In the year 2016, the gross profit margin is high which means the overhead cost of the company is high. The actual marketing/sales ratio of the company in the year 2016 is more than the budgeted figure. The ratio in the year 2015 is less than the industry average (Horngren, 2014). The marketing expense in the year 2016 is more than the 2015. The actual administration expense/sales ratio in the year 2016 is equal to budgeted figure and in the year 2015 is less than the industry average. The administration expense in the year 2016 is higher than the year 2015. The interest coverage ratio shows the interest expenses paid by the company or the amount of due interest covered by the company. In the year 2016, the actual interest expense is less than the budgeted figu re and in the year 2015 it is more than the industry average. The company is paying the interest expense in the year 2016. The actual days in inventory of the company in the year 2016 is more than the budgeted figure. The actual day inventory in the year 2015 is also more than the industry average. The actual days in the accounts receivable is more than the budgeted figure in the year 2016 and it is less than the industry average in the year 2015. The ratio shows that the company is taking time to collect all the due amounts from the debtors (Bragg, 2009). The current ratio reveals the ability of the firm to pay all the obligations. The actual current ratio of the company in the year 2016 is more than the budgeted figure and it is less than the industry average in the year 2015. The current ratio above one means the company would be able to pay all the liabilities. The ratio of the company is above one in both the year (Pickett, 2005). The actual quick ratio in the year 2016 is more than the budgeted figure and it is less than the industry average in the year 2015 The company will be able to convert current assets into cash. The debt to equity ratios reveals the debt of the company. The actual debt to equity ratio in the year 2016 is more than the budgeted figure and it is also more than the industry average in the year 2015. Thus, the ratio clearly shows that the debt level of the company is high. The financial ratios clearly show that the organization is not able to achieve the budgeted figure in many cases. The ratios show fall in t he financial performance of the company. The auditors play a significant role in providing fair and accurate financial statement report of the company. The process of audit ensures fair representation of the financial statement of the organization. The audit control procedure and internal audit function effect the process of preparing the financial reporting. The company's internal auditors can help the external auditors as well as the management team of the organization (Powers, Needles, 2012). The internal control system ensures management of all the processes and carrying out all the processes. The risk of the company can be decreased with the implementation of the effective control system and follow all the rules and regulations. The stakeholders of the organization get significant information from the financial report that helps them to make financial decisions. Thus, the representation of the fair of the organization is very much important. The auditors also examined whether the company has followed the accounting ru les and procedures. Thus, the financial report shows clear picture and performance of the firm. Thus, the external auditors and internal auditors ensure fair representation of the statements within a period of time. Audit steps to decrease risk The auditors are responsible to analyse the financial statements and present it fairly in front of the stakeholders. The auditors of the organization can decrease the risk level by determining omission, errors, and fraud in the financial statements. The internal auditors can determine help to determine the issues in the following ways: Roles and responsibilities: The management team faces many difficulties in segregating the duties between the staff members of the organization. In the small business enterprises, the risk of errors or frauds is less than the larger companies where complex functions or processed are carried out by different people (Scott, 2015). The internal auditors determine the fraud or errors that may exist in the process and can provide suggestion to overcome the risk. The auditors keep an eye on the internal control processes and systems that help to decrease the level of risk. The internal control increases work quality processes and decrease the fraud risk. The fair representation of the financial statements can be done with the implementation of the effective control system (Spiceland, 2010). Security concerns: The weak IT security system and control can affect the processes of the organization. The internal auditors can bring new systematic and disciplined approach to manage the business operation and mitigating the risks with the organization. Staff members: The employees or managers can take help from the information provided by the auditors. The staff members would be able to determine the risks and mitigate it. Senior management: the management team can make significant decisions on how to deal with the future challenges and risks with the help of the information provided by the internal auditors (Rahman, 2015). Internal control weaknesses are important for the auditing tax as these can reduce the accurateness of the auditing. Therefore, it is deemed that the internal control weakness ought to be decreased to perform any audit task with a business organization. There is various internal control weakness that may be the cause for the loss or spoil of the asset, resources and it may decrease the revenue of the business organization (Weil, 2017). These internal control weaknesses can be handled easily or may be rectified in the easy process by slightly changing in the present process or introduce the basic internal control. The documentation provides proof of the underlying transactions. It is deemed as the input to establish accurate financial records. The financial document should be pre-numbered for ensuring that the whole transaction is stored or recorded and account for. This will help in stopping to record the exact transaction in multiple places and in multiple time. The reason behind this is that there should not be any duplicity in the numbering system in the computer system (Spiceland, 2010). With the help of accurate numbering system, the tracking of the documents can be easy. Tracking the documents for linking the follow-up queries of the customers from their past transaction can be easier by effective numbering system in the document. Appropriate documentation provides efficiency and make the financial record and tax calculation easier. Main business cycles not appropriately defined It is important for the business organization to recognize and define its main business cycle as it supports in understanding the pros and cons of the business, the peak time of the business as well as bad time for the business. Furthermore, it supports in making effective strategies that help in business growth and development. The auditing help in recognizing the key business cycle of the business organization. Moreover, for the auditors, it is important to detect the main business cycle of the business organization as it helps them in delivering effective auditing job for an organization (Ricchiute, 2006). The business organizations have different crucial areas thus diverse business cycle can be present for the business. Moreover, the auditors have to recognize the business cycle of the business organization. The sales figure, accounts receivable, banking procedure, cash management, account payable, and purchase. For the business organization the selling products, as well as inven tory control is deemed as one of the most crucial cycles. While the development and change are brought into the process, the entire employees must be informed in quick basis for the training as well as keep pace. The authorization of the procuring should happen before the commitment of the resources. Trust on the size of the business organization, the rate of power can be introducing better decrease for the threat or risk of wrong expenses. For example: with a certain amount of order the fluctuation of the dollar rate can be decreased the entire expenditure value (Parrino, 2015). The companies use to be so involved with the day to day activities and business operations so that the companies use to forget to re-examine the business processes of the company. The owner of the business or the management should take few time and must take an interest in the review of the whole business process and has to verify the business record of the company. The frequency of the financial data re-examination is hugely dependent on the volume of the transaction as well as types of the business; however, the review of the financial data should be conducted on a monthly basis. Lack of physical and logical security Lacking the physical security of the property of the business as well as the resources of the business possibly result in damage and severe loss to the assets as well as the property of the business. The access to the petty cash, valuable equipment, and stock must be limited access to the limited person in a business organization. These should be handled by the proper staffs and placed in the secure area (Kieso, 2007). The aforementioned internal control needs to be addressed appropriately. Besides this, there are other important measurements that impede the audit job and the auditor may perform error due to these measurements. The business organization should maintain the ethical policies as it helps the business organization to establish the requisite ethics within the organization and by this way the employees of the organization are also acting ethically. The help in reducing the legal threats for the business and as a result the business can provide much more emphasis on the core business activities that support in improving the efficiency of the business. There are significant impacts can be seen in the auditing task if the internal control weaknesses are not addressed properly prior to the beginning of the auditing task. The internal control weaknesses have a significant amount of impact on the auditing task of the business organization and the internal auditors as well as the external auditors have to detect the internal control weaknesses within an organization before starting any auditing task for the company. The for wrong documentation of the records regarding the financial transactions can heavily misguide the auditors, and they can assess the wrong financial position of the business organization that is undertaken the auditing task. The wrong or erroneous documentation of the financial record may lead the company to make improper balance sheet, or income statement or cash flow stamen that drop severe impact on the auditing task (Helbk, Lindset, McLellan, 2010). Moreover, it increases the chance for the wrong audit. The financ ial statement can be of three types: the balance sheet or position statement that help in providing the information about the assets and liabilities of the company and provide actual knowledge about the financial position of the company. In any manipulation in this balance sheet can provide entirely wrong information to the users of the financial statements like the shareholders and investors of the company. The error in balance sheet records the financial position of the undertaken company can be indifferent that lead the investor to take an improper decision. The income statement is also an important document that provides important knowledge about the income of the company. The income statement often stated as the profit and loss statement as it provides the necessary information about the profit and loss of the business organization. The income statement helps in knowing the income of the company as well as the incidents when the company acquires losses. Moreover, any erroneous documentation will provide the wrong record that changes the income statements and provide wrong information to the users. The cash flow statement is also important for auditing task it provides the information about the cash flow within the business organization (Welch, 2014). The cash flow can be of two types: inflow of cash, and outflow of cash. The cash inflow happens when the company trade something then the clients make a payment that inflow into the company's account. On the other hand, when the company pays for the raw materials, employees salary and wages, equipment and machinery as well as many other types of expenses it shows that the outflow of the cash (Dassen, Schilder, Wallage, 2005). In the case of wrong documentation, the cash flow statement is also changed and provide wrong information to the user of the financial statements that misguide them and lead to the wrong financial decision. Audit steps to reduce risk The person or entity which perform the auditing task has to take few steps that help in reducing the auditing risk. The individual auditors should verify the entire document of the organization related to the financial record of the organization. The reason behind this is that it can be possible that the accountant may provide wrong information or record of the financial transaction of the company (Cosserat, Rodda, 2009). In the case of any wrong information the auditing task will be affected, and the financial position of the business organization can be assessed wrongly. Therefore, it is recommended that the auditors must check all the documents of the company where any financial related data exist. The journal entries are important for the checking as these use to be the fast entry of the transaction. Besides this, receipt, invoice and bills also must be checked in a proper way that helps in recognizing the error in the financial statements. The inventory is another risk so the au ditors should verify the inventory minutely that help in proving an efficient audit of the business organization. As business intelligence system is being used by the help of the electronic utilities, the enhancement of the various form of the work can be easily depicted by showing the increment of the auditors interest in the form of the real-time information and also the qualitative production of the production of the system can be easily considered by showing the appropriate structure of the work and also the internal management system can be easily constructed by showing the importance of the financial system (Britton, Waterston, 2013). The Computer-assisted Auditing techniques are developed for the management of the risk which is being used for defining the instruments that are designed for the construction of the analysis by the help of the certain instruments. The formation of the information technology is showing the growth and the structure by showing the increment in the performance and the efficiency of the audit process. Therefore, the techniques seem to be increasing the appropriat e assessment of the work which is being used for showing the appropriate expansion of the work and also it enables the establishment of the formation of the work process. It can be clearly shown that the advancement of the techniques is being used as the form of the business tools that are approved for the betterment of the smart system and also the performance can be measured by the help of the statistical analysis. The specialized audit software program can be illustrated in the form of the enhancement of the work which is being conducted for the betterment of describing the practical situation of the entity. The CAAT is identified as the important step which is being used for showing the analysis of the financial statements and the other customer confirmation procedures (Brealey, Myers, Marcus, 2018). Therefore, the classical techniques are depicted to be based on the small transaction and also it is identified to be not reflecting the original situation of the entity. The auditors are using the CAAT process for the purpose of improving the auditing processes which is explained to be a part of the software program. This software is also identified to be used for extracting and analysing the data which is being influenced by showing the analysis of the data, and also it contains the spreadsheets which are referred to as the databases and the statistical analysis. Therefore, the construction of the process is being used by showing the enhancement of the research and construction work can be made in a simpler way by showing the improvement of the work and also the explanation of the development of the work (Besley, 2016). The extraction, analysis of the data and the explanation of the work are being constructed by showing the enhancement of the research. The expansion of the research is being used by showing the following advantages that can be easily achieved which is identified as follows: - Independence from the audited system is being shown in this case which is showing the appropriate read-only copy, and also it cannot be influenced by showing the proper construction of the work. Thus the appropriate structure is being discussed by showing the positive patterns for the explanation of the tests performed. The ability for generating the electronic sources is also identified as the ability to show the auditor's coordination, and also the expansion of the business is being shown by considering the standardized audit limit. The report format is being explained by showing the working of the auditor which is being used by showing the unexplained patterns in the audited data (Beechy, Conrod, 2008). The possibility of detecting the fraud through the use of the tools are shown to be identified by showing the unexplained patterns in the audited forms of the data and also the simple or the complicated techniques can be easily used for the purpose of computation. The continuous monitoring processes are easily involved in this case which shows the accumulation of the objectives that are depicted to be showing the appropriate formation of the structure. It also clearly explains the structure regarding the identification of the monitoring activities which is crucial for gathering the data (Appannaiah, Reddy, Putty, 2010). Therefore the forms enable the auditor to establish an appropriate atmosphere which is being used by showing the necessary changes in the systems as undertaken for the study. The variation of the system is being constructed by showing the complication in the system techniques which is being used by showing the enhancement of the application. Thus the operational risks can be easily mitigated that shows the strengthening of the structure and also the formation of the study can be made by explaining the monitoring activities (Alexander, Nobes, Ullathorne, 2016). References Alexander, D., Nobes, C., Ullathorne, A. (2016).Financial accounting. Harlow, England: Pearson. Appannaiah, H., Reddy, P., Putty, R. (2010).Financial accounting. Mumbai [India]: Himalaya Pub. House. Beechy, T., Conrod, J. 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