Introduction to Accounting and finance -- Economics, Finance and Assignment - 1

Introduction to Accounting and finance -- Economics, Finance and Management - Assignment Example The expenses of the company increases and company may not have enough cash available to meet its expenses. Therefore, the cash deficit is met by bank overdraft which affects company’s liquidity position. Company should not make all the sales and purchases on credit. It should choose a fair combination of cash and credit sales/purchases so that, company’s receivables and payables don’t reach peak levels. It is probably not possible to collect the total amount of credit sales. Some amount of credit sales turns into bad debt expense which can’t be recovered. Company should allocate small percentage of sales to bad debts. Cash is what keeps the business functioning. Company requires cash on hand to pay for its operating, investing and financing expenses. The amount of cash available/deficit is calculated by cash flow statement. Hisrich, Peter & Shepherd states that â€Å"Cash flow results from the difference between actual cash receipts and cash payments† (1998:p.297). The difference between cash flow statement and profit statement is that cash flow doesn’t consider payment of non-cash expenses, payment of loan principal and withdrawals. (Rosemary, 2010) Profits are generated by subtracting operating expenses from sales and it is calculated through income statement. Income statement tells about the total sales made during the year whether or not sales receipts are collected or not. In June, Hidetoseek Ltd. is incurring profit but its cash flow is negative which shows that company’s expenses are greater than receipts. Therefore, it should use bank overdraft to meet its expenses. If retained earnings are used, the liquidity position of the company is badly affected. The cash reserves of company decreases which means that if the company wants to pay for its debts or incur some capital expenses, it will not be able to raise significant funds through its reserves. An overdraft occurs when

Find an article about plate tectonics(within the last 2 years Assignment

Find an article about plate tectonics(within the last 2 years 2012-2014) and summary the article - Assignment Example Behind this discovery is Yin who was a well known UCLA professor specialized in Earth space science and the author who was responsible for the research. During the analysis that was done on the images captured by the NASA satellites using its spacecraft called THEMIS (Time History of Events and Macroscale Interactions during Substorms) together with the HIRISE (High Resolution Imaging Science Experiment) powerful cameras. The professor took a total of about 100 satellite images and analyzed them which revealed plate tectonic activities, with his experience in conducting a lot of geological research in area like Himalayas and Tibet which hold world major plates divide, he took keen study on the images from Mars and discovered that a lot of features looked similar to those on earth especially those that were found Himalayas, Tibet, California as well as geomorphology. For instance, the professor discovered very smooth and at the same time flat canyon wall which can only develop due to the effect of a fault. There was also a steep cliff that looked the same as that found around California’s Death Valley developed due to the fault. Yin also discovered linear volcanic zone which draw a conclusion of plate tectonic activities. â€Å"These are features that are very rear to be seen in our solar system apart from planet earth and Mars† said Yin, a professor whose work is respected by many and become the cover story in August 9, 2012 issue of the common journal lithosphere Mars surface has some of the longest and deepest ever system that contains canyons that has never been seen in our solar system which is called Vallies Marineries. It is estimated to be about 2,500 miles in length approximately nine times more compare to the earth’s Grand Canyon. Many scientists up to now are left wondering how this was formed, whether it was a big crack that happened on Mars’s shell forcing it to open