Limitations of Ratios used for analysis: 1. Inflation will distort a firm’s balance sheet and a trend analysis may not give a true picture of the firm’s financial performance. 2. Different fiscal year‚ example‚ a firm may have a fiscal year that ends on June 30‚ whereas another company in the same industry may have a fiscal year ends on 31 . 3. Financial analysis is performed on historical data mainly for the purpose of forecasting future performance. The historical relationships may not continue
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Critically discuss the notion of labour as a “fictitious commodity”. Provide examples where necessary. This paper outlines the argument of labour as a “fictious commodity” using Polanyi’s work. This paper first define what commodity is and what fictitious commodity is before going into deep details of this topic. Conclusions have been drawn base on the main core of the topic and critiques of fictitious commodity by Polanyi. First‚ a commodity is a good or service that is actively produced
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As the result of the ratio analysis. There are 5 limitations of ratio analysis as well. The first limitation of the ratio analysis is Comparing the ratios between two organizations/firms is a smooth path to do it. This is because‚ different organization/firms might have face unequal figures of earnings‚ losses. In addition‚ fact is the two difference organizations/firms might have different economic environment or production technologies even though they produce the same range of the product. For
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EPS Accounting Report: Development and Problems Earnings per share is the portion of a company’s profit allocated to each outstanding share of common stock. The computation of earnings per share is income minus preferred stock dividends divided by weighted average number of shares of common stock outstanding at the end of the period. Earning per share is considered to be the single most important metric to determine a company’s profitability which is crucial to the decision making of potential
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systems like Rationalism and British Empiricism. The advances in science‚ the growth of religious tolerance and the rise of philosophical liberalism also led to a revival in Political Philosophy in general. Along with the Age of Enlightenment of the 18th Century‚ which the Age of Reason gave rise to‚ it is also known as the Early Modern period. He also contributed early Age of Enlightenment. It is an intellectual movement‚ developed mainly in France‚ Britain and Germany‚ which advocated freedom‚ democracy and reason as
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Tourism is one of the biggest and fastest growing global industries. In the 20th Century‚ the tourism industry experienced universal expansion that has obvious economic‚ social and political benefits. The benefits of tourism have been enormous especially for developing poor countries that have limited sources of foreign currency; it has an important source of income and employment. On the other hand however‚ the growth of that sector has been accompanied by negative impacts as well. As tourism market
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2. The Walt Disney Company owns many mass media and entertainment companies. According to Wikipedia‚ it owns several television networks including ESPN Inc.‚ Freeform‚ A+E Networks‚ and the Disney Channel. It also holds several famous entertainment companies such as The Muppets Studio‚ Pixar Animation Studios‚ Marvel Studios‚ and Lucasfilm. Disney owns 14 theme parks including one in Tokyo‚ Paris‚ Hong Kong‚ and Shanghai (sec. 1). 3. In 1923‚ The Walt Disney Company (then known as Disney Brothers
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Provide Reception Services 1 Understand the purpose of reception services in a business environment: 1.1 Explain the purpose of the receptionist role as the first point of contact between the public/client and an organisation: The receptionist that the customer meets/speaks to first needs to give a good impression of the company‚ they need to appear very professional‚ this can be portrayed in many different ways including personal appearance and how you are seen to act towards customers. If on
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Discuss the problems and benefits of privatization of public sector organizations in China Privatization as an important role of economy ‚ has great contribution for all over the world. So what is privatization? Privatization means transfer of assets of economic activity from public sector to private sector‚ it has been seen by many governments as a means of revitalizing inefficient industries and as an opportunity to raise revenues to ease budgetary problems; however‚ privatization in China is
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Sport Policy and Development- Summative 1 Discuss the relationship between sport and crime reduction and critically assess the benefits/limitations that sport presents in achieving positive results. In this piece of literature there will be an in depth discussion of the complicated relationship between sport and crime. There will be a lot of focus on the debate of whether sport plays a positive role in crime reduction in society‚ and in what ways sport can be used as a method to lower crime in
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