Thursday, December 26, 2019
Qasr Al Hosn Free Essay Example, 2500 words
It is significant to note that during the rule of Sheikh Zayed the Great, stability and peace reigned the Abu Dhabi with the castle becoming an administrative center. Sheikh Shkhbut Bin Sultan used the money from the first oil to construct a significant place in 1940, around the original fort. Later, when Sheikh Zayed ascended to the throne in 1966, he changed the role of the castle from that of a royal residence to a research center and a museum of the Gulf. This marked the Qasr Al Hosn to be todayââ¬â¢s Abu Dhabiââ¬â¢s iconic landmark that symbolizes the cityââ¬â¢s traditions, culture, and origins (Hellyer and Ziolkowski 6). The Qasr Al Hosn have been used for national processions in Abu Dhabu, for instance, the staging of magnificent celebrations to symbolize the journey of Al Nahyan family to Abu Dhabi from Liwa in the Western region in the 250th anniversary celebration. The celebrations are normally marked with display of traditions, culture, and origins of Abu Dhabi s ociety. The Qasr Al Hosn is a significant symbol of heritage due to its architectural example that commands respect across cultures. We will write a custom essay sample on Qasr Al Hosn or any topic specifically for you Only $17.96 $11.86/page The exhibitions displayed in the Qasr Al Hosn reflect on the historical significance on the fort in the history of Abu Dhabi. It is also important to point out that the festival activities in the Qasr Al Hosn Festival involves storytelling, live demonstrations, historic images and footage, and performances that shows the rich historical significance of the Qasr Al Hosn (Hellyer and Ziolkowski 6). It is significant to point out that sea stones and coral stones covered with render from crushed seashells, lime and local sand that were used to construct the fort offered the regionââ¬â¢s merchants a welcoming tool during their navigations. The historic significance of the Qasr Al Hosn called for its conservation. This was initiated five years ago aimed at removing the white render on the walls of the fort that were discovered to cause a corrosive moisture that could getà trapped on the original coral stone bricks.
Wednesday, December 18, 2019
Factors That Affect Population Growth - 1616 Words
Introduction- Tribolium confusum, more commonly known as the confused flour beetle, is frequently used in scientific observations typically regarding population growth with experiments using these beetles dating back decades ago (Medici and Taylor, 1966). The beetles are relatively easy to handle, cheap to feed, and provide a short reproductive cycle allowing for multiple experiments in a short time span (Park, 2013). Tribolium confusumââ¬â¢s dietary habits consist of mainly grain based products such as wheat and flour. Therefore, these fast reproducing beetles embody the type of organism this research project requires. The nature of the experiment is intended to study, analyze, and calculate the differences in population growth betweenâ⬠¦show more contentâ⬠¦Finally, vial four became known as treatment three and acquired both ten grams of the growth medium and two grams of the potting soil. Following this, the vials were capped with a soft cork and were stored in a dark closet. Data was collected on a weekly basis where each group member was responsible for counting one vials worth of beetles and larvae. The vials were dumped out and sifted through a screener so that only the organisms remained. They were then dumped into a petri dish to allow for easier examination. The beetles were counted individually while the larvae dish was divided into quarters, counted in sections, and then multiplied by four to come to an estimated total larvae population. Once the final weekââ¬â¢s information was collected, all data was averaged between six groups showing how each treatment illustrated differences in population growth. Results- Table 1 ââ¬â Group Beetle Population Growth Table 2 ââ¬â Average Class Beetle Population Growth Table 3 ââ¬â Group Larvae Total Table 4 ââ¬â Average Class Larvae Population Table 1 shows the groups beetle population as the experiment progressed. In week one, the control group, (C), started with 22 beetles, Treatment 1, (T1), started with 25 beetles, Treatment 2, (T2), started with 24 beetles, and Treatment 3, (T3), started with 23 beetles. In week four, all vials showed population growth. Group C showed the least amount of growth with a population of 159, while T1 had 141, T2 had 120, and T3 had 78. In week six,Show MoreRelatedEconomic Factors That Affect Population Growth1676 Words à |à 7 Pagesof the Economic Factors that Affect Population Growth in Dubai This essay forms a discussion about the economic factors that affect population growth, in Dubai. According to McGinley (2013), there are two factors that contribute to population growth: high birth rates and immigration into a country. Births add more people to the countryââ¬â¢s total population, thus increasing the total population. Deaths, on the other hand, reduce the population size, thus decreasing the total population. 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Population debates like this are why, in 2011, NationalRead MoreGlobal Environmental Issues Of The World1605 Words à |à 7 Pagesbecomes more intense as the world s populationââ¬âand our use of natural resourcesââ¬âkeeps booming(1). It should be noted that there are 7 continents (Asia, Africa, South America, North America, Europe, Australia and Antarctica) and 196 countries without including sub-nations and unoccupied islands in the world. This is not shocking to people as the world dynamics cannot be completely studied as population trends change from time to time due periodic occurrences. Population debates like this are why, in 2011Read MoreThe Importance Of Saguatus Life853 Words à |à 4 PagesBased on that graph we can also see a drop in frequency of saguaro in age range of 81-90 and then an increase between 91-110 which doesnââ¬â¢t fit with the trend model found on Tumamoc Hill (from Pierson and Turner 1998). This could be due to environment factors. Based on a PDSI reading of climate history in Tucson from Pierson and Turner 1998 we saw that roughly in 1925 a little over 90 years ago there was a severe drought and a harsh winter. This information tells us that the cacti that would be sproutingRead MoreFactors That Affect The Growth Of A Country Essay1108 Words à |à 5 PagesThroughout the world, the growth of a country fluctuate every year. Many factors that affect the growth are population, income, and poverty. These factors can make the different economies to become competitive, especially when each economy want to be on top. With this being said, it leads to inflation. Inflation is an important factor that influences to country to become better or not. Although, inflation can be a scary thought, many countries has to balance inflation with each other in order to
Tuesday, December 10, 2019
Analysis of Financial Statement
Questions: a). Provide a brief outline of the company in terms of the products or services they provide and the industry and market in which they operate. b).Comment on the financial performance of the company for the year ended 31 March 2014. As part of your answer you should make reference to the relevant financial statement and use no fewer than two performance ratios. c).Comment on the capital structure of the company as at 31 March 2014. As part of your answer you should make reference to the relevant financial statement and use no fewer than three ratios. Answers: a. Outline of the company Z Energy is fuel distributor located in New Zealand that has service stations of high class. It consists of former assets of Shell. It has been listed on the ASX since August 2013 and even on the NZX with the code ZEL. The biggest shareholders include Infratil and the Super annuation fund of New Zealand. The main subsidiaries include Mini Fuels Oils Ltd, Harbour City Property Investments Ltd, Z Energy ESPP Trustee Ltd and Z Energy LTI trustee Ltd. It is in a cut throat competition with BP, ExxonMobil and other smaller groups that are independent in nature like Gulf. The former rivals include Caltex that were acquired by Z Ebergy in 2016. Z Energy limited caters to the market of New Zealand and sell fuel over there. The supply of fuel is done to the retail customers and commercial customers like airlines, mining companies, vehicle operators, etc. The company even offers services of Z card so that fuels can be purchased, diesel refuelling can be done with ease and flexibility. It owns, as well as manages around 214 service stations, 92 truck stops, terminals, etc. The company was formed by the name of Greenstone Energy Limited and changed the name to Z energy Limited in 2011. The main challenge is the volatility that is evident in the prices of oil. This has even impacted the regional supply. Moreover, when volatility is present it affects the momentum and brings a lot of uncertainty that the business is unable to face. b. Financial performance As a listed company, Z energy achieved a significant achievement. It earned a Historical cost net profit after tax for the year 2014 and the figure came to be $95 million. The financial results were boosted by the success of the IPO and the listing in NZX and ASX in 2013. The financial performance was in tune with the prediction made by the investors at the initiation of the IPO. The Replacement cost operating EBITDAF appearing at $219 exceeded the forecast of $207 million. The Replacement cost EBITDAF of $218 million was influenced by the strong management of the equity stake in refining company of New Zealand. The gross refining margin appeared to be volatile over the time because it is influenced by the prices of oil and its regional supply. The revival activity in the US because of shale oil production has influenced the margin on a global note. The year 2014 financial result projects the skills to continue the operations in earnings growth and the way in which the company can meet the adverse circumstances in various parts. Year 2014 witnessed growth in fuel, as well as non-fuel gross margin contributions. Even the food, as well as coffee operated in a profitable manner providing revenue growth of 45%. It invested $73 million in capital expenditure in the period and the capital expenditure was less than the forecast. The earnings enhanced by 39% and NPAT enhanced by 51%. Return on Capital Employed ROCE 2014 2013 ROCE PBIT 139.00 169.00 Total assets - current liabilities 1,097.00 1,065.00 ROCE 12.67 15.87 This ratio is even tagged as the primary ratio that connects the income reaped by the company with the resources that the company employs and have under possession. A higher ROCE is an indicator of a stronger utilization of the capital and hence favours the organization. In the case of Z Energy, a drop is seen in the ROCE and this is owing to a drop in the PBIT. The revenue dropped and hence, there is a difference in the figure. Return on assets 2014 2013 Net Income 100.00 136.00 Average Assets 1,546.00 1,726.00 Return on Assets [(Net Income/Average Assets)*100] 6.47 7.88 This ratio signifies the profitability of the company in tune to the total assets of the company. The ROA for Z Energy decline as compared to 2013 because there is a fall in the net income. Therefore, the decline is not a good indication for the future prospects of the company. Net Profit Margin Net Profit Margin 2014 2013 Net Income 100 136 Sales Revenue 3371 3547 Net Profit Margin [(Net Profit after tax/Sales Revenue)*100] 2.96647879 3.834226 The net profit margin for Z Energy Ltd has declined as compared to 2013. It is net profit to sales and hence, there is a strong influence of the revenue. The Net profit margin declined in 2014 as the sales revenue declined. The dent in the sales revenue leads to a low net profit margin. Hence, the return in lower in 2014 as compared to 2013. Gross Profit Margin Gross Profit Margin 2014 2013 Gross Income 208.00 164.00 Sales Revenue 3,371.00 3,547.00 Gross Profit Margin [(Gross Profit /Sales Revenue)*100] 6.17 4.62 The ratio is termed as gross profit divided by sales. The gross income of the company enhanced despite the drop in the sales revenue. This indicates that there is a strong arrangement for cost of goods sold and reflected by the GP margin. As per the annual report, it is witnessed that there was a drop in the revenue or sales and contrary to it; there was an increment in the operating expenses. The increment should be supported by the increment in sales that will justify the expenses and will not be a burden for the company. The taxation expense declined and this is due to a drop in the net profit before taxation. The drop in the taxation expenses is justified by the drop in the sales. Taxation contains both current, as well as deferred tax. Deferred tax is considered in lieu of the difference that that arises in the difference between the assets carrying amount and liabilities for financial reporting. Here deferred tax is reduced to the level that is non recurring. The deferred taxation has been deducted from the taxation expense. It is offset on the face of the financial statements and showcased either as a deferred tax asset or liability. c. Capital structure Increment/ Decline in total assets 2014 2013 Total assets 1,546.00 1,906.00 Decline in total assets 44.79 55.21 Increment/ Decline in current assets 2014 2013 Total current assets 887.00 1,563.00 Decline in current assets 36.20 63.80 The total intangible assets increased and this is due to acquisition by the company. The acquisition are done for that intangibles that have indefinite life over a long span of time and measured at cost eliminating the impairment losses that is accumulated. It was $25 million at the beginning of 2013 that ultimately increased to $35 million in 2014. The debt structure of the company contains bank facilities that are secured against specific class of assets of the group. This particular condition needs Z security to maintain specific level of shareholder funds and function with strong performance and gearing ratios. The arrangements also contain limitations over the sale of specific assets without any agreement from the bank. The secured bank debt facilities stood at $400 million. The debt-equity ratio points out that the ratio is over .50 that stress on the fact that the company has a major reliance on debt and hence, it is an alert for the management to look into the matter. Debt to Equity Ratio Debt Equity Ratio 2014 2013 Total liabilities $ 949.00 $ 1,313.00 Total Equity $ 597.00 $ 593.00 Debt Equity Ratio 1.58961474 2.214165261 Debt equity ratio is an important indicator of the debt component of the company. This ratio sheds light on the fact that whether the overall equity of the company is adequate to meet the obligations. Higher proportion of debt more than .50 is risky because a major chunk of the profit will go towards interest payment. Though the dent equity ratio of the company declined in 2014 yet 1.5 debt ratios is high this is an alert for the management. Working capital ratio Working capital ratio 2014 2013 Current asset 887 1,563 Current liabilities 449 841 Working capital ratio 1.975501114 1.858501784 The working capital ratio reflects that whether the company have sufficient assets of short-term nature that will enable to meet the short-term debt. Ratio that is below one is negative while above 2 states the idle nature. Working capital for Z Energy is adequate as it is not above 2 and below 1. It indicates that the needs of the company are meeting with ease and flexibility. Comment From the above computation it can be commented that the companys funding is done by way of debt and have a major reliance on debt. This is indicated by the debt equity ratio. Moreover, for the equity holder it is of major concern as the claims of the creditors will be more and a major chunk will go towards payment of interest. This means the creditors claim s will be entertained initially. The management should look for a policy that will enable to have a balance between equity and debt.
Tuesday, December 3, 2019
Letter to Congressman Vito .J .Fossilla an Example of the Topic Economics Essays by
Letter to Congressman Vito .J .Fossilla Dear Congressman Vito J. Fossella, Need essay sample on "Letter to Congressman Vito .J .Fossilla" topic? We will write a custom essay sample specifically for you Proceed I am congratulating you for your major achievements in representing the 13th Congressional District Staten Island and Brooklyn and the American people at large in the 110th US congress. You have successfully opposed plans to eliminate federal tax deductions for mortgage interest and state and local tax payers, defeated the Brooklyn Veterans Affairs Hospital recommendation of its closure, saving the Fort Hamilton military base from its closure by BRAC and helping secure $21 billion in rebuilding and securing lower Manhattan in the wake of 9/11 terrorist attacks. This is a show that you have effectively accomplished your legislation priorities which were on reduced taxes, improved national and social security. However, there are many issues that need to be put forth as legislative proposals that will further contribute to the betterment of our country. The economic performance of our country is particularly vital. According to some recent polls, majority of us view the current economic crisis as a serious matter that broadly needs stimulation. Economic development is essential as it will bring forth improved social services, education, infrastructure and availability of quality jobs but recently a surprisingly high number of Americans have lost their jobs. The collapse of major banks such as Wachovia Bank which is one of the biggest banks shows there is need for congressional Act. Dexia and Fortis banks had to be also rescued from bankruptcy. This economic crisis is even affecting the stock market. Dow Jones Industrial plunged an average record of 777.68 points in one of the worst drops in one day in the history of this country. More bail outs aimed at securing the economy need to be put in place. (Telegraph Media Group Ltd (2008). In a report by the Worlds Economic Forum on latest Global Competitiveness Report on October 7, 2008, the US economy still remains the most competitive in the world. To hold this superiority, the congress needs to come up with unique measures. Some developing economies like Qatar, Saudi Arabia, China and India are posing a major threat with their rise as more preferred destination for global investors. The government requires regulating the legal environment to attract these investors. The major worry slowing this countries economy is the publics debt that the government owes. It may limit the fiscal policy in the near future. Just like Klaus Schwab, the executive chairman of the World Economy Forum said, it is more important than ever for countries including US, to put into place the fundamentals underpinning economic growth on development at this wake of uncertainty in the global economic environment. (Werdigier. J, 2008) The issue of a weakening US dollar against the Euro and other currencies of emerging economies is scaring. Growth in this country has been projected to 1.9% in 2007-2008 which is below potential. Root causes like the housing market needs attention. (Hemispher. W, 2007). Arising issues affecting this countries economy like energy crisis should be focused. Regulations should be made and long time solutions arrived at. Issues like foreign policy should be restricted from affecting the economy. In recent polls, majority of Americans want the next leadership to be in place to respond to the economic issue. They feel the vying leaders should prioritize this issue to win the November elections. (Chicago Tribune, 2008). UBSs Magnus felt that this economic crisis will continue for months generating new problems until a new man occupies the white House (Telegraph Media Group Ltd, 2008) You should put forth legislative proposals aimed at ensuring that the economic supremacy of US is maintained. Bail out that will offer financial security to global investors in our banks would be important. Other bails aimed at lifting security of the economy in times of crisis should be lifted. Insurance policies should be reached at for the compensation of the laid off worker in collapsing financial institutions. The government should impose measures on its public debts which is causing a major threat on our economy. It is unfortunate that the intervention through our public servants is badly needed for us to have any hope of returning to our once active economy. Please take a moment to review my proposal. Thank you very sincerely for your consideration and support. References Telegraph Media Group Limited (2008) financial crisis in America. Retrieved on Thursday, October 09, 2008 from http://www.telegraph.co.uk/finance/financetopics/financialcrisis/3136744/Financi al-crisis-America-and-Europe-attempt-to-stave-off-financial-meltdown.html Werdigerier, J. (2008) International Herald Tribune. Economy remains the most competitive: Retrieved on Thursday, October 09, 2008 from http://www.iht.com/articles/2008/10/08/business/compete.php Chicago Tribune. (2008) CT Conventional centre Hartford. Retrieved on Thursday, October 09, 2008 from http://www.courant.com/news/nationworld/hc- campaign1009.artoct09,0,1715750.story Hemispher, W. (2007), International Monetary Fund Regional. Economic Outlook: International Monetary Fund.
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