The major purpose of the profit and loss account statement

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Write a 4 pages paper on main finanical statments. cash inflows over a certain time duration is the main purpose of the cash flow forecast. The cash includes deposits repayable on demand as well the cash in hand. For our purposes, the overdraft and the drafts will be balanced at with the banks. A cash flow refers to not only an increase but also a decrease in a business.

Profit and Loss account statement: The major purpose of the profit and loss account statement is to bring into light whether the business has made profit or loss in their dealings. The statement reflects the net profit after tax by minimizing the business expenses as well as taxation from the overall operating profit. The profit and loss account statement proves vital for the business because it provides clear figures with regards to what is impacting the business profit and what benefits the business. The profit and loss account is made by the business every 6 months or 1 year. By considering the sales that the company makes it can alter their sales by increasing them or so that they can generate constructive profit for the company and cover all their expenses. The chief advantage that the profit and loss account can bring to the company is that through this account they can improve their business operation. If in the account they observe that the expenses of the company are high and much more than the sales, they can minimize these expenses to bring benefits to the company. Through this, the net profit will increase since the business will not be paying a lot of money.

The Cash flow statement gives an idea to the company regarding from where the money is coming and where the money is being utilized. On the statement the receipts are written in the first column while all the cash flows are written down under the receipts. These statements can be made by the companies for 6 months or for 1 year. Following the writing down of the cash receipts, the payments are also written.

Discuss the dry bulk freight market.

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Create a 8 pages page paper that discusses the dry bulk freight market. The industry has also over the years witnessed some technical changes. Due to the ever-increasing level of world trade from the 1960’s, it became abundantly clear to the industry observers that the traditional “break bulk” shipping will not be able to carry around the world the increasing cargo. This, therefore, led to the palletization and containerization was introduced to resolve these problems.

Another revolution that took place was the increasing use of bigger ships. Over a period from 1945 to 1995, oil tankers increased by the size of almost twenty times while dry bulk vessels became almost some fifteen times bigger. This increase in ship sizes led to a great reduction of shipping costs that industries increasingly preferred using ships than to the old railroad methods. The reduction in cost was of great advantage to industries to carry around their raw materials (e.g. this led to the cost of transporting coal by sea from Virginia to Jacksonville, Florida almost three times cheaper than by rail) (Chrzanowski, 1985).

&nbsp.The dry bulk freight market participants are in the most part price takers in that they accept the ruling freight rate as axiomatic. The market is an open market comprising of numerous individual firms of shippers and similarly large numbers of shipowners offering common carrier bulk transport services. The following assumptions hold true for this kind of market:

The market consists mostly of a large number of small firms of both shippers and shipowners. This means that each firm or player in the market produces or consumes a level of output which is extremely small in relation to the total quantity of the industry’s production, thereby leaving no one player with the power to be able to influence the level of freight rates on the market since no one individual firm is capable of affecting the freight rate by varying their own output levels or their demand for tonnage, since what the individual supplies or demands is insignificant in terms of the industry as a whole.

Discuss Critical Success Factors.

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I will pay for the following article Critical Success Factors. The work is to be 12 pages with three to five sources, with in-text citations and a reference page. In the past, there has been a great focus on various leadership competencies in the organization, but the specific focus on the project manager and its competencies has been less effective and progressive. The general characteristics of project managers are that they are intelligent and above average in comparison to another employee within the organization. These characteristic traits plus others have been summed up together by different researchers and simply put together as leadership competencies. Other traits that have been identified by other researchers are related to behavior, motivation, energy, and communication skills. It is evident that there is a positive correlation between character traits and project success. One of the greatest researcher Hogan claim that, the success of a project is greatly determined by the personality of an individual. Other researchers like Anderson draw the intention of the organization while selecting project managers. In 1998 Pinto and trailer carried out a study to identify the characteristic of a project leader and they came up with the following characteristics. credibility of the leader, problem-solving capability, flexible management style and good communication skills and tolerance. The same researchers deliberate on the most desired qualities of project managers that are, administrative skills, technical skills, and vision and leadership examples. These managers should posse’s adequate technical skills and knowledge in a certain field.

capstone 3 assignment 1

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Submit the SPSS database that contains your program evaluation variables. No data should be entered at this stage; you are only setting up the variables at this time.Your database should contain the following variables:Participant ID numberProgram IDGroup (applicable only if you will be comparing two or more groups for a single program, such as a treatment group and a control group)Demographic variables (such as age, sex, and any other demographic variables that are important for your population).Assessment instrument items for one entire instrument (pre and post).Assessment instrument totals for remaining assessment instruments (pre and post).Be sure that the variables are labeled in a manner that makes sense and that will allow you to identify them as you analyze the data. Each variable should be completely defined and labeled appropriately in the Variable View screen in SPSS. Be sure to select the appropriate measurement scale for each variable.Also attach the instruments that are being used for each program. If you are not able to obtain an actual instrument, provide a description of the instrument that explains the items, measurement scale, and scoring instructions. Provide a full reference for each instrument used in each of the two programs.