MANAGERIAL FINANCE Case Study Example | Topics and Well Written Essays - 2750 words

MANAGERIAL FINANCE - Case Study Example In 2000’s, the airlines inaugurated various Airbus jets and new suites of its products and made various records during this period. In 2004, it made a record of the world’s longest nonstop commercial flight from Singapore to Los Angeles. In 2008, it made a record again by operating an all Business class flight between Asia and USA (Singapore Airlines). The Singapore Airlines operate from Singapore and has 20 flight destinations in Middle East, UK, USA and South East Asia. The range of its products and services is vast starting from exceptional services at ground to different types of cuisines and forms of entertainment in flight. Their cuisine caters to needs of children, old age people and those from various religions. Their in-flight entertainment comprises of movies, TV shows, games and various other entertainment devices. Mileage credits for business and economy class passengers is another unique service provided by the airlines. KrisWorld in-flight entertainment system provides exceptional levels of comfort and entertainment to its first and business class passengers (Singapore Airlines) The operating profit, returns and earnings of the airlines saw a drastic increase in the year 2010-11. The operating profit rose with about 1911.5% and earnings per share with 402.20%. The drastic rise in the profitability of the company was due to the recovery after the slowdown of the global economic crisis in the late 2000’s. There was a rise in demand for the airlines products and services. The current trading period and the latter half of the last trading period year saw an improvement in the profitability of the company which saved it from incurring a loss (Singapore Airlines). The price earnings ratio for Singapore Airlines in the year 2010-11 is $0.15 (share price/ eps = 13.68/91.4). The price earnings ratio for Qantas in the year 2010-11 is $0.18 (1.97/11) (Qantas Airlines). The P/E ratio of Qantas Airlines is more favorable for the

Government, Market Forces and Renewable Energy Systems (RES) Essay

Government, Market Forces and Renewable Energy Systems (RES) - Essay Example To tackle this issue globally there have been recent researches in the line of climate change mitigation, use of renewable resources, and energy economics. Climate mitigation  relates to activities associated with the alleviation of the potentially harmful aftereffects of global warming by â€Å"implementing policies to reduce GHG emissions and enhance sinks† (Verbruggen, A., IPCC Glossary Working Group III, annex I, 818). The UN delineates climate mitigation as a form of â€Å"human intervention to reduce the sources or enhance the sinks of greenhouse gases† (United Nations, Glossary of climate change acronyms, 2011).  Examples for mitigation include using renewable energy resources like wind or solar power, judicious use of fossil fuels in industries or for production of electric power, bettering building  insulation, afforestation  and increasing the number of other sinks that would displace larger amounts of  atmospheric carbon dioxide  from the atmosphe re (ibid). ... However, an April 2011 report shows that the atmospheric volume level of CO2 by itself is 393 ppm, while increasing at an average annual rate of 1-3 ppm (Direct Air Capture of CO2 with Chemicals, 2011, 4). Therefore, to avoid violating the target set at 2  °C target, the levels of CO2 in atmosphere must necessarily be stabilised as soon as possible, though it is unlikely that the set target would be achieved soon (Adam, World will not meet 2oC warming target, climate change experts agree, 2009). However, a majority of the nations consider mitigation strategies for greenhouse gas emissions as expensive, and there is a widespread debate regarding mitigation costs and the nature of costs-distribution of climate change mitigation, amongst the developed, the developing, and the underdeveloped nations. Ensuring climate change and energy supply security are the core concerns for a majority of the world’s policymakers aiming to frame a worldwide energy system that is sustainable in nature. 1 Climate Change To meet the EU target of keeping global temperature rise below 2oC, the volume of atmospheric CO2 equivalents must be kept within volume limits of 445 - 490 ppm, as expressed in the 2007 report of the United Nations Intergovernmental Panelon Climate Change (IPCC, 2007). In 2005, greenhouse gas emission concentration had already reached CO2 equivalents of 450 ppm, owing to which IPCC had appraised in the report that greenhouse gas discharge must reach its highest level latest by 2015 (ibid). The report also suggested that greenhouse gas emissions must be decreased by 50–85% by 2050 (relative to the figures recorded in 2000), and the reductions made must be nearer to 85% to avoid

Criminal Justice Essay Example | Topics and Well Written Essays - 1250 words

Criminal Justice - Essay Example Honestly, some of what I’ve seen have met my expectations while some have just not. What I’ve seen in the death row cell like it only accommodates one prison is expected for it is just like what I have viewed in movies. On the one hand, the sight of a secure cell and cell housing unit are also expected. However, when I have seen the open dorm housing unit, it is really something I have not imagined. Well, it is just that I have not visualized that prisoners can be housed as if they are just in a dormitory given that they are prisoned. In this kind of setting, the inmates are privileged to interact normally and closely to an open environment. Being an inmate housed in an open dormitory is really a benefit for being capable to interact to more people and also because they are situated in an open bay. And when you go outside the prison, its compound is really huge enough to see all its other buildings. On the overall, I can say that the Florida prison has an environment be tter than the other prisons and even far better than the slums in the third world countries. Through the virtual tour, I can say that the Florida prison is neat and orderly where prisoners can be treated fine enough as human beings. One among the prisons in Florida is the Main Detention Center. As Palm Beach County Sheriff Office states in its website, it happens to be the biggest building as it comprises a huge land area of 835,000 square feet and it is the most secured among the correctional facilities situated in a headquarter complex in West Palm Beach. This detention center is really huge enough to contain a total of 2,156 bed capacities including the beddings intended for services of infirmary and special management. In terms of population, Main Detention Center is housed with both males and females whose age can be adults or young adults. Majority of its prisoners are adult males who are not yet sentenced and are just about to go a court trial whereas the minority of the inma tes are adult females who are just their first time to be jailed and those who are in need of such particular medical or mental condition assistance. It is important to note that main detention center also accommodates the young female adult as well as the young adult males. Through the website of Palm Beach County Sheriff’s Office, it can be sensed that they have active participation on presenting services to their community through the Community Services Division. This division is further separated into four categories such as the Community Operations Bureau, Countywide Operations, Domestic Violence Unit and the Police Athletic League. Each group is specializing in a particular field in order to serve and protect the community. They all work together for the advantage of the community. In order to cut off the possibility of crime, the division of Community Operations Bureau of Palm Beach County Sheriff’s Office has ensured a number of law enforcement officers to be d elegated in each unit. Their preventive measures are dedicated to guarantee the value life among the citizens and as well as the advancement of its businesses. One among its services called Broken Star Fund is given to its dedicated workers together with their respective

Implementing a taser program into a law enforcement agency Essay

Implementing a taser program into a law enforcement agency - Essay Example Taser stun guns have recently come under close scrutiny and critiscm because of the risks they pose to the public and their intended use. This has also been fuelled by the increased use of these devices, especially in the United States, and their intended use in the United Kingdom (Feakin 2007). Taser stun guns have been touted as the non-lethal alternative to deadly force and guns (Driscoll 2003, ACLU 2005), which has been viewed as an advantage when it comes to apprehending crime suspects, as it avoids needless deaths and injuries. However, there are figures which show that between 1999 and September 2004, approximately 71 individuals died in North America as a result of the use of the Taser stun gun (ACLU 2005). Whilst some may claim that these deaths are still less than those that come about as a result of the use lethal weapons, this still does raise some issues about whether Taser stun guns should be used at all, and if so, should their use be restricted to certain individuals. There are also figures which show that at the end of 2004, the fatalities from Taser stun guns had increased and there is evidence to suggest these deaths are a result of the incorrect or overuse of the device (ACLU 2005). For instance, there was an incident in the US where a young man was stunned for up to 17 times by the Taser stun guns (ACLU 2005) and this is thought to have contributed to the individual's death. Such incidences have most likely to have been the cause of the public concerns about this device, as it seems that the use of the Taser stun gun device is contributing to deaths, instead of preventing them. In addition to this, the manufacturers of the Taser stun gun have denied any claims that their device has directly contributed to the deaths of any individuals (Driscoll 2003, ACLU 2005). Despite these safety concerns, the appeal of the Taser stun gun to law enforcement agencies worldwide is appealing. For instance, law enforcement agencies in the UK, do not carry guns and the purchase and use of Taser stun guns is highly attractive as an alternative to considering lethal devices. In the US, law enforcement agencies already carry lethal devices and Taser stun guns are an attractive option to counter-act concerns regarding the deaths of innocent civilians caught in the cross-fire or in instances of mistaken identity. However, the concerns over the current use of Taser stun guns seem to be related to their application and over-use of the device. This has been acknowledged by the International Association of Chiefs of Policy (IACP) which has recommended the re-evaluation of Taser training and the establishment of policies (ACLU 2005), to minimise the deaths from the use of this device. This acknowledgement from the IACP does recognise that the use of t

Fianancial reporting and analysis Essay Example | Topics and Well Written Essays - 1000 words

Fianancial reporting and analysis - Essay Example In 2011, the international accounting standard board revised the existing financial standards, and issued a new set of standard for purposes of reflecting the changes in global business practices, economies of the world, and markets. The new rules are, consolidated financial statement (IFRS 10), joint arrangements (IFRS 11), disclosure of interests other entities (IFRS 12), separate financial statements (IAS 27), and revised associates and joint ventures (IAS 28). The consolidated financial statement (IFRS 10) was created for purposes of outlining the presentations of a consolidated financial statement. This rule requires business organizations to consolidate the entities that are under their control, and this includes giving them the rights of variable returns, and the capability of affecting the returns acquired over an investee (ACCA, 2012). On this basis therefore, the rule was created to institute the values that will guide the preparation of consolidated financial statements wh en one business organization controls one or more business organizations (ACCA study text, 2011). This rule was created for purposes of defining the concept of control of a business entity, and as a basis of consolidation. It establishes the principles of identifying whether an investor has some level of control over an investee, and therefore consolidating the investee (ACCA, 2012). This standard has the following key requirements; 1. It requires business organizations that have an interest in other business organizations to conduct an assessment in order to determine whether control exists or not. 2. In order for a business organization to control another business organization, the following characteristics must be present, rights to the benefits of variable returns because of the involvement of the business entity with the investee, authority over the investee, the ability to influence the investee for purposes of benefiting the investor. 3. An investor must have substantive righ ts for purposes of giving him control of an investee and legitimacy to control some affairs of the organization. Joint arrangements on the other hand outline the accounting procedures that business organization that jointly control an entity ought to follow. There must be a contractual agreement that denotes the control of an entity by the business organizations in question. Media (2011) denotes that joint arrangements are of two types, namely joint operations, and ventures. In a joint venture, net assets and equity are accounted for, while in a joint operation, accountant’s factor in the obligation of liability, and right to access the assets by the business organization under collaboration (ACCA study text, 2011). On this basis therefore, the International Accounting Board established this standards for purposes of determining the nature of a joint arrangement business organizations engage in. This is to enable stakeholders gain the capability of analyzing the rights and ob ligations of these business entities under the joint arrangement. For a joint arrangement to exist, the following are the main requirements (Gray and Manson, 2012); 1. There must be prove of control of the organization by the business entity involved. 2. The concept of unanimous consent must be present, and this

Breaking cultural boundaries with art works Dissertation

Breaking cultural boundaries with art works - Dissertation Example The intention of this study is the concept of identity as one which continues to transform according to the definitions placed on artists, society and individual experiences which many have. When looking at identity, there is a question of the divisions which are made as well as how this associates with others that are looking at the identity which one carries. The identity is one which begins with labels and divisions that are associated with an individual and is inclusive of everything from cultural ideals to belief systems and expectations which occur. The result is boundaries which are created and conflicts that are associated with the identity in which many believe in. The result is the pushing of boundaries between the other, or marginalized identity, as opposed to the popular identity which one lives in. Understanding the cultural differences, divisions which are made and how this affects the concept of identity is one of the ideologies which continues to evolve, dependent on the beliefs which one holds. The concept of cultural differences and identity which occurs is not only based on the several associations with identity, such as society, culture and belief systems. There is also an exploration of how this affects the statements and beliefs of many in society, specifically with the association in culture, politics and overall belief systems. The divisions which are made are not only associated with the boundaries that are created between identities. There are reflections of this which are noted in artistic works. ... Specifically, the paper will create an understanding of how the current boundaries within society are questioned in artistic works and how this relates to the changing of identity such as through language, culture, politics, language, expression or experience in Alys, Minh Ta and Piper. There will be an examination of artistic works in relation to the current development of cultural differences and boundaries which are created. The overall understanding will then relate to the belief of division by culture and identity while showing how these statements continue to change according to the identity which one holds and which creates a boundary between the popular and marginalized identity which one has. The objectives of this research paper are as follows: Examine the overall concepts of identity and how this relates to society and politics Examine the changes being made according to cultural differences Develop an understanding of cultural identity and how this relates to art Examine the cultural identity and how this pushes or creates boundaries in contemporary culture Define the concepts of expression and artistic works according to different artists and how this relates to the idea of cultural identity The overall examination of artistic works will relate specifically to the understanding of cultural differences and identity as well as how this defines the boundaries that are created. There will be a further examination that shows artistic works that question the ideas of identity and how this relates to the effects of those within society. Literary Theory The concept of cultural differences and identity is one which is associated with a variety of theories and concepts. The current theories and beliefs will be examined to

CCTV Research Paper Example | Topics and Well Written Essays - 2000 words - 2

CCTV - Research Paper Example es will be analyzed, such as whether hidden CCTV cameras reduce security breaches based on people’s perception, the specific perceptions these people have with regards to the importance of CCTV to security, reactions of these people when in establishments that have CCTV cameras, their level of confidence regarding their security in these places, and how their attitudes have changed since the introduction of CCTV. This research report will seek to show that CCTV systems increase productivity in terms of controlling security breaches, as well as providing psychological benefits to civilians by allowing them to feel secure in places with CCTV. While CCTV systems are not physical barriers that limit access to some places or make it more difficult to commit a crime, it is a highly situational crime prevention tool (Guagnin 89). In the right situations, most people believe that they have some capacity to reduce security breaches. Although the CCTV is multi-functional, its primary utility is to arouse in the potential offender a perceptual mechanism. The perception of the offender can be changed so that if he/she commits a crime, he believes that he will be traced down. In other words, there is evidence that the majority of civilians believe that CCTV can increase the potential offender’s perceived capture risk. Assuming that the offender is behaving in a rational manner, this may de-motivate them. However, most people believe that in order for CCTV to reduce security breaches, the offender needs to be aware that there is a camera in the vicinity and that the offender needs to believe that the presence of the cameras a re enough of a risk to negate any rewards for the crime they intend to carry out (Guagnin 90). Most people interviewed did not believe that hidden cameras were any deterrent to the offenders to reduce security breaches. In fact, evidence is suggestive of the fact that, even with the installation of cameras, there is no guarantee that people will be