Literary Analysis Edgar Allan Poe - 1397 Words

â€Å"Science has not yet taught us if madness is or is not the sublimity of intelligence.† Edgar Allan Poe delineates the events and character development from his short story flawlessly with this quotation, as the narrator of the story transitions from precautious to mentally unhinged. This tale starts with the narrator boasting. As a person, he took immense pride in his preparatory measures and how vigilant he was. Furthermore, his whole life and all his motives were thrown out the window, as a result of this old man’s demonic eye taunting him. This demonic, taunting eye, an eye quoted as one that â€Å"resembled that of a vulture,† (2) instilled dread in the narrator’s heart. He followed up on his distress by making an attempt at removing himself of this eye. He fetched a lantern, and night after night persistently gazed upon this old man, more explicitly his eye, with vast amounts of caution. Each night, biding his time for countless hours, he would r elease a sliver of light upon the man’s eye, hoping to catch it open, and susceptible. However, this event never occurred, as one fateful night he made a tad too much noise. The old man noticed, but alas, it was too dark for him to see, only to suspect. The narrator stood for hours, waiting for his opening to withdraw himself from the scenario, an opening that never presented itself. This eye prompts the narrator to kill the old man in a panicked paroxysm after failing to eradicate solely the eye itself. With the cessation of thisShow MoreRelatedLiterary Analysis : The Raven By Edgar Allan Poe727 Words   |  3 Pagesâ€Å"The raven† by Edgar Allan Poe Example: â€Å"Once upon a midnight dreary while I pondered weak and weary (1); rare and radiant maiden (11); And the silken sad uncertain rustling of each purple curtain (notice the deft use of consonance as well) (13); Deep into that darkness peering, long I stood there wondering, fearing, / Doubting, dreaming dreams no mortal ever dared to dream before (19-20)†. Analysis : â€Å"The raven† is a poem written by Ellan Edgar Poe. The reason why using alliteration is importantRead MoreEssay about Literary Analysis of The Raven by Edgar Allan Poe565 Words   |  3 PagesLiterary Analysis of The Raven by Edgar Allan Poe The life of Edgar Allan Poe was as morbid and melancholy as his works. After the abandonment by his father and the disturbing death of his mother, both prominent traveling actors, Edgar was reluctantly forced into orphanage. He was later taken into the home of John Allan, a wealthy tobacco merchant. Their relationship was shaky, at best, and the contention between the two would last until Allans death, where his willRead MoreLiterary Analysis Of Edgar Allan Poe s The Masque Of The Red Death1409 Words   |  6 PagesA Literary Analysis of Edgar Allan Poe’s â€Å"The Masque of the Red Death† Edgar Allan Poe is popularly known as a Gothic short story writer. He has produced many gruesome stories, including the short story â€Å"The Masque of the Red Death†. In this short tale, Prince Prospero decides to lock himself and his friends of the court into a magnificently decorated abbey to escape becoming ill of a disease which has caused half the people in his land to perish. The Prince provides indulgences and throws partiesRead MoreLiterary Analysis of Annabel Lee by Edgar Allan Poe Essay1313 Words   |  6 PagesAnalyzing of Annabel Lee by Edgar Allan Poe Edgar Allan Poe in this poem â€Å"Annabel Lee† written in 1849, and first published shortly after his death in Sartain’s Union Magazine, is a story of true love and great loss where a man loves a woman so deeply and is devastated when she dies but holds on to that love even after death. No one really knows whom exactly Poe wrote this poem about, whether or not it was actually inspired by someone he truly loved due to his death right after he wrote it. ThereRead MoreEdgar Allan Poe s Life1308 Words   |  6 PagesPoe was born on January 19, 1809. Poe was born into a family that was high respected and very public, so Poe was destined to have a public career (Dameron and Jacobs). When Poe was two, his parents died (â€Å"Edgar Allan Poe†) and his remaining family was split up into three different foster parents/homes. His oldest brother, William, lived with Poe’s grandfather from his father’s side of the family. Poe’s youngest sibling, Rosali e, lived with William Mackenzie. Poe went with John Allan whose wife wasRead MoreEdgar Allan Poe Research Paper931 Words   |  4 PagesEnglish 10 Honors 13 February 2012 Edgar Allan Poe Edgar Allan Poe was a sick man that went through a troubling life full of tragedies. For Poe to deal with this he drank and poured his feelings into his works. Honestly as horrible it is that he had to go through all of that we should be grateful because without his suffering these masterpieces wouldn’t have been fabricated. While intensifying his philosophy for short stories Edgar Allan Poe wrote â€Å"The Fall of the House of Usher† reflecting theRead More A Critical Essay on Edgar Allan Poe’s The Fall of the House of Usher (1839)1221 Words   |  5 PagesAmerican author Edgar Allan Poe’s (1809-1849) macabre and Gothic fictional prose The Fall of the House of Usher (1839) (Poe. 1987: 1). I shall present and argue how the artistic effects deployed in the narrative structure create an atmosphere of tension and suspense, through the exploration of architectural space demonstrated in a close reading and analysis from key passages of the text. The Fall of the House of Usher was written by the American author and poet Edgar Allan Poe, it first featuredRead MoreAnalysis of Edgar Allen Poes The Raven Essay917 Words   |  4 PagesEdgar Allan Poe is one of the most well-known gothic writers around. He has written many form of writing from poems to short stories. One of his most famous narrative poems is â€Å"The Raven.† There are many reasons to read the â€Å"The Raven.† One reason to read the poem is because it is a classic. Secondly, reading â€Å"The Raven† can give sight to Poe’s thoughts and feelings towards his life. Thirdly, the poem is a good example of the mind set of someone who has faced a loss. Another reason would be thatRead MoreLiterary Devices Used By Edgar Allan Poe986 Words   |  4 Pagesunderstand the poem in a much deeper stance. One great poet that uses such intricate writing in his poems is Edgar Allan Poe. Edgar Allan Poe uses several different literary devices in his maj or 1849 poem Annabel Lee. In his text he incorporates theme with imagery, symbolism, and form. These literary devices help lead the audience to the understanding of the overall meaning of the poem. Edgar Allan Poe s use of symbolism allows for the audience to understand how this gentleman feels about Annabel Lee.Read MoreThe Life of Edgar Allan Poe1119 Words   |  5 PagesEdgar Allan Poe In one case out of a hundred a point is excessively discussed because it is obscure; in the ninety-nine remaining it is obscure because it is excessively discussed. This quote by Edgar Allan Poe describes his obscure works which have been discussed and criticized in great detail for many years to come. Some readers believe that his works are too dark and eccentric maybe even deathly. Others believe his works to be masterpieces. However, one thing that is not up for debate is the

Abuse and Proper Discipline Free Essays

I have experienced many things in my life. All of my life experiences have affected me in different ways. Some experiences were good and some were not. We will write a custom essay sample on Abuse and Proper Discipline or any similar topic only for you Order Now The physical abuse I experienced by my father was the most impact experience. A parent is supposed to create a safe, stable, and loving home. Instead my father created a home of fear, instability, and inconsistency. This affected my behavior in school, and how I react to things later in life. I was born in Florida. At the age of two my father moved me and my three brothers to New York. At this time my mother was not in the picture for unknown reasons. My father was avid alcoholic, and drank a lot. During his drunken rages he would abuse me and my three brothers. My father moved us around a lot, and we never really stayed In one place for very long. I was never quite sure why this was, but I would guess that maybe someone or somebody became suspicious of what was taking place In our home. This resulted In us taking off before anyone could find out for sure. My father started beating us while he was drunk, but then eventually started abusing us while he was sober. It became a regular thing for us and almost expected. He would start to hit us based on his moods. If he had a bad day at work, or had a fight with one of his girlfriends. He would choke us, punch us, throw us, and has even gone as far as burn my brother’s arm on the stove. There were times that we did not eat for days. It was not because we did not have any food, but because he wanted to punish us. He also kicked us out of the house, and made us sleep outside. Even In the winter. I was terrified of my father. Instead of Henning 2 growing up feeling love and trust. I grew up feeling fear and pain. I would often watch sitcoms on TV, and wish that I could just jump into the screen. Daydreaming of a better life was something I did often. I wanted to leave, but this was all I knew. This was my life and nothing was going to change it. My father did not only abuse me when I did wrong, but instead he would abuse me when he was in a foul mood. The abuse was inconsistent, and because of this my behavior was impacted. In school I would lash out at teachers, and was defiant. My father was not concerned with proper discipline or punishment. I was more of a punching bag for his anger. Therefore I did not understand how to act or behave properly. I was uncontrollable in school. I would Jump on desks, and crawl underneath tables In the lunch room. I even threw chairs at the teacher when I did not want to do something she asked. I was violent with my classmates, and disruptive. The bus ride to school was also a problem. I would Jeopardize the safety of the other children by jumping over the seats, and disrupting the bus driver. It got would get letters and phone calls from the school, he did not seem to care. My father was more worried about what was going on in his world to care what was happening at my school. After a while the school decided I needed to be enrolled in a special school that was more equipped to handle my behavior issues. No one in the school system even thought twice about the discipline at home. If they had investigated our home they would have found out my father never disciplined us, but abused us instead. To this day I feel that proper discipline is needed for a child to grow up and become successful in life. The abuse started to get worse as we got older. He became a lot more aggressive. He even ended up sending me to the hospital for bashing my head on the bathroom floor. The reason for the more intense abuse was because of the increase in size of my older brother. My brother was getting older, and was able to fight back. Unfortunately my dad was still Henning 3 a lot bigger than my brother. My dad would often punch holes in the walls when he was mad. One day I was picking at one of the holes in the wall that my father punched in. He walked by and saw me doing this. Out of nowhere he punched me right in the eye, and I went to school the next day with a black eye. This started causing a scene with my teachers and nurses. I went to school plenty of times with black eyes, and bruises. I could not understand why this one was any different. The ruse must have gotten sick and tired of seeing it, and finally acted. This caused an investigation, and at the age of eight years old I was removed from the hell that I called home. When I was being removed from my home I remember seeing my neighbor with an unsurprised look on her face. This made me wonder if she had suspected the abuse all along. It also made me wonder how many others knew or suspected what was taken place in my home. After being removed from the house I called home. I was placed with a foster family. The first few months were great. I was not scared and looking over my shoulder anymore. I was happy and felt love for the first time. My foster mom made pancakes and sausages for breakfast in the mornings. I have never had anyone make breakfast for me before, and it was like heaven. I had warm bed to sleep in, and I even had a TV in my room. It might have seemed that my story was over. However the effects of the abuse were still there, and my behaviors still caused many problems. Throughout my life I had to go through therapy to undo the damage my father caused. I had to relearn how to act and behave properly. Today I am a pretty optimistic person, and I do not like to use my past as a crutch. However I will not deny hat there are some lasting effects that the abuse still holds. Therapy was very successful for me. It help me deal with what happened, and encouraged me to move on with my life. However therapy cannot remove the memories and the experience. I will forever remember the abuse I endured. Henning 4 The abuse from my father affected me in many ways. I had to struggle, and was not able to have a normal childhood. I grew up in a home full of fear, and lacked the to relearn how to behave properly. I do not regret what happened in the past, for my past is part of who I am. What I have been through and what I endured has only made me stronger. How to cite Abuse and Proper Discipline, Papers

Managing Financials Resources and Decisions

Question: Write an essay on "Managing Financial Resources and Decisions". Answer: Budget is anticipation and preparation of statements in order to plan and control the revenues and costs of products so that the business can achieve is desired goals. Master budget is a set of forecasted and planned financial statements and schedules prepared for the entire company (Ahmad 2015). On the other hand, functional budget is a statement of incomes and expenditures plan for the operating department of an organization. Sales budget of an organization is an evaluation and measurement of the sales forecasted in terms of price and units that are considered by the products, geographical region, sales period and marketing channels (Lawson et al. 2015). Selling and distribution expenses budget is a statement that presents the expected, forecasted expenditures related to salaries and commission to the sales department of the organization, and other marketing and sales related cost forecast like transportation charges, fright and carrier charges, warehousing or storage costs etc is presented in this statement (Weygandt, Kimmel and Kieso 2015). Research and development cost budget is presentation of the costs related to the research and development of products of the company. This expenditure is a non-recurring expenditure and is incurred before the start of manufacturing process for the design and development of the products (Ahmad 2015). This statement presents costs related to the cost of manufacturing, designing of products, labor costs, executive compensations etc are determined. Production or manufacturing costs budget presents the planned and anticipated costs and quantities related to the production and manufacture of products in order to meet the supply and market demand in the industry so that the company can achieve its targeted goals. The statement also presents the units and costs of raw materials, work in progress limitations, labour costs in relation to production, cost of manufacturing machines and equipments are also presented (Lawson et al. 2015). Capital budgets is an important functional budget statement as the entire operation of the business primarily depends on the capital structure employed or to be employed by the company (BoyabatlÄÂ ±, Leng and Toktay 2015). This statement presents the mode and structure of capital components that the company plans to employ for the operation of its business. Apart from the above tools, administrative budget, labor budget, cash budget are also important tools that help in the decision making process in an enterprise. Hence, it can be said that the master budget helps the owner or entrepreneur in the decision-making process if the above stated parts of the financial and production budget is prepared and determined properly. Example of a sales budget is present as under: Company XYZ limited Sales budget Third quarter 2016 Partiulars Budgeted units to be sold Budgeted sales price per unit ($) Budgeted Total sales price June 2016, Actual (assumed) 600 150.00 90,000.00 July 2016 750 150.00 112,500.00 August 2016 1050 150.00 157,500.00 September 2016 1000 150.00 150,000.00 Total for third quarter 2,800 420,000.00 From the above example it is observed that the forecasted sales budget for the third quarter month July is the lowest compared to other months hence the management can take steps to increase the sales units. Unit cost is the cost of one product produced and sold by the organization when it produces the huge number of same and identical units. The unit cost is determined from the variable and fixed costs of the products involved in manufacturing process (Javid et al. 2015). The fixed cost is a non-recurring cost that comprises of the cost of manufacturing equipments, plant or factory rent, research and development costs etc. whereas the variable cost comprises of direct materials, direct labor cost, and direct expenses in relation to production process. The following formula can be used for the computation of unit cost: (Total fixed cost+ total variable cost)/ Total unit produced For example, company XYZ has direct material costs $1,000, direct labour costs $1,050, equipment cost $10,000, direct expenses $2,000 and units produced 2,000. Total variable cost: Direct material $1,000 Direct Labour $1,050 Direct Expenses $2,000 Total variable cost $4,050 Total Fixed cost $10,000 Units produced 2,000 Therefore, unit cost is ($4050 + $10,000)/ 2,000 = $7.025 Different types of pricing strategy are used by the organizations in order to sell the goods and services so that the revenue generation and profitability of the business can be maximized. The pricing strategies are also used to obtain the market share of the industry in terms of consumers demands and supply of the products (Chandar and Tchamkerten 2015). The different types of pricing strategy use in the business are as follows: Premium Pricing is a strategy in which the owner fix the price of the product more than the price of competitors that can be used if the product is new in the market or unique to the consumers or it has some distinctive features (Crott et al. 2016). The entrepreneur uses Penetration Pricing for the products by establishing low price in compared to the competitors in order to capture the market share and to attract the buyers. This strategy is used to make the products more saleable with lower sale price so that the business can sustain in the market and maximize its revenue in the long run (Javid et al. 2015). Price Skimming is a process that is used by the owner as a competitive advantage to earn maximum turnover before the competitors offer similar or identical products. Under this strategy the pricing is fixed for the new and varieties of products by constant change in the design and technology to attract the consumers (Crott et al. 2016). Psychological Pricing is commonly used by the producers and manufacturers that provides a small incentives to the consumers but makes huge psychological impact on their minds in order to purchasing the products for example, price of product at $199 will attract customers instead of pricing at $200 (Chandar and Tchamkerten 2015). Payback is a period that is required to retrieve the cost of investment that is considered in the business operation so that the determination of profitability can be done. The payback period should not be longer as the longer recovery period implies the less or slow recovery of cost of investment that is not fruitful for the companys growth and is computed by dividing cost of project by annual cash inflows (Orioli and Di Gangi 2015). Whereas net present value is determined as the difference between the project outflows in the first year and the present value of cash inflows projected for a particular period (Winkler 2015). Calculation of payback period for the data provided in the assignment: $1,850,000/ $(250000+ 350000+ 500000+ 500000+ 450000) =$1,850,000/ $2,050,000 = $0.902 year i.e. 1 year approximately Calculation of NPV Year SG $ Discounting factor @15% Present value 0 (1,850,000.00) 1 (1,850,000.00) 1 250,000.00 0.869 217,250.00 2 350,000.00 0.756 264,600.00 3 500,000.00 0.658 329,000.00 4 500,000.00 0.572 286,000.00 5 450,000.00 0.497 223,650.00 NPV (529,500.00) From the above calculation, it can be interpreted that the payback period of the project as per finance assistant of Spring ltd. is around 1 year that is the expected period to recover the cost of companys investment. While NPV determination shows that, the project is incurring negative NPV and the project should not be considered. However, in case of payback period, only the cost recovery period is measured and not the profitability hence, if the profitability is ignored then the company can go ahead with the project because the period of cost retrieving is quite decent that is one year. However, if the company is more inclined for profit earning then it should not take up the project as it is showing loss with the five years of cash inflows. Trading Account is an initial part of the financial statements for an organization that discloses the gross profits or losses of goods and services incurred. Trading account is comprised of direct incomes, expenditures, and inventory for trading profit and loss determination during the period of accounting and transferred to the profit and loss account. The main purpose of the trading account is to measure the sales turnover of the products with the cost of goods sold including inventories (Brown 2016). Profit and Loss Account is the second step of the financial statements that represents the net profit or net loss of the business in an accounting period and the balance of the profit and loss is transferred to the balance sheet statement of the company (Biddle 2015). Profit and loss account is prepared by considering all the indirect expenses and incomes on accrual basis of accounting along with recording the trading gross profit or loss and is prepared in two parts- above the line items and below the line items. Above the line items of profit and loss account consists of the incomes and expenses that are directly related to the business while below the line items are the appropriation of profits (Minnis and Sutherland 2015). In the context of accounting, profit and loss accounting is also known as Income Statement that measures the financial performance of the enterprise at the end of the financial year. The income statement is prepared by recognizing the operating and non- operating incomes and expenditures for the determination of net incomes and losses (Bostwick, Lambert and Donelan 2015). Another difference is that the profit and loss account is prepared for the organizations involved in trading and manufacturing sector while income statement is prepared for the service sector and individuals. Balance Sheet is a statement of financial accounting that represents the financial position of the enterprise at the end of the accounting period in order to measure the balance of assets and liabilities the company is employing. The purpose of the balance sheet is to disclose and obtain the information about the companys total capital balance at the end of the accounting period and the values the company owns and owes which is a statutory requirement for the benefit of investors, shareholders and government (Yeh et al. 2016). A. In the books of Famous Travels Financial statement for the year ended 31st December 2015 Account Number Particulars Amount SGD Amount SGD Profit Loss Account/ Income Statement 410 Ticket Sales 3,500.00 401 Client Fees 100.00 Total Income (A) 3,600.00 Less: Expenditures: 501 Advertisement Expenses 1,000.00 510 Maintenance Expenses 350.00 520 Rent Expense 2,000.00 530 Utilities Expenses 450.00 Total Expenditures (B) 3,800.00 Net Income/ Loss (A-B) (200.00) Statement of Financial Position Assets Non- Current Assets: 120 Computer Equipment 1,250.00 130 Office Equipment 300.00 Total non- current assets (A) 1,550.00 Current Assets: 105 Account Receivable Hague's Market 250.00 110 Account Receivable Yopp Co. 750.00 101 Cash 17,500.00 Total current assets (B) 18,500.00 Total Assets (A+B) 20,050.00 Capital and Liabilities: 301 Matt William, Capital 20,000.00 305 Less: Matt William, Drawings (500.00) Add: Net Income/ Loss (200.00) Total Capital (A) 19,300.00 Liabilities: 201 Account Payable First City Press 500.00 205 Account Payable Kens Office Supplies 250.00 Total liabilities (B) 750.00 Total Capital and Liabilities (A+ B) 20,050.00 Reasons and evidence: The financial statement for Matt William has been prepared in accordance with the Singapore Financial Reporting Standards and consisted of income statement/ profit and loss account and statement of financial position (Bostwick, Lambert and Donelan 2015). The above financial statement prepared for the travel agency owner who is a single shareholder of his company, therefore capital is measured by considering the investment by Matt William, drawings and net loss incurred during the year (Yeh et al. 2016). B. In the books of M/s Zara Textiles Financial Statement for the year ended 31st December 2015 Particulars Amount SGD Amount SGD Trading Account Sales (A) 3,686,000.00 Less: Cost of goods sold Opening Stock 63,650.00 Textile Purchases 2,256,000.00 Carriage Inwards 178,200.00 Wages 325,000.00 Total cost (B) 2,822,850.00 Gross Profit/ (Loss) (A-B) 863,150.00 Profit and Loss Account Gross Profit b/d (A) 863,150.00 Less: Indirect Costs during the year Salaries 104,000.00 Rent 126,000.00 Printing and Stationery 74,650.00 Advertisements 86,000.00 Total Indirect Costs (B) 390,650.00 Net Profit/ (Loss) (A-B) 472,500.00 Statement of Financial Position Assets Non- Current Assets: Office Building 423,450.00 Machinery 569,000.00 Motor Vehicles 210,000.00 Total Non- Current Assets (A) 1,202,450.00 Current Assets: Trade Debtors 208,000.00 Cash 26,000.00 Bank 119,000.00 Total Current Assets (B) 353,000.00 Total Assets (A+B) 1,555,450.00 Capital and Liabilities Total Capital: Capital 250,000.00 Retained Profit 652,950.00 Add: Net Profit 472,500.00 1,125,450.00 Total capital employed (A) 1,375,450.00 Liabilities: Trade Creditors (B) 180,000.00 Total Capital and Liabilities (A+ B) 1,555,450.00 The above financial statement has been prepared in accordance with the Singapore Financial Reporting Standards and on accrual basis of accounting. The format of financial statement differs in both the task (A) and (B), because the financial statement in first task has been prepared for a sole proprietorship business engaged in providing travelling services, hence trading account for the same cannot be prepared. Whereas in case of second task the financial statement prepared is for a company engaged in textile manufacturing business that involves in manufacturing and trading business and therefore trading account is a first step of financial statement that is to be prepared. Computation and analysis of ratios based on the financial statements of Xylo Pte Limited for the financial years ended on 31st December, 2013 and 2014: Calculation of ratios Financial statements of Xylo Pte Ltd For the year ended 31st December 2014 2013 1 Gross Profit Ratio: Gross Profit (A) 208,000.00 180,000.00 Net sales (B) 836,000.00 784,000.00 Ratio = A/B*100 24.88 22.96 Analysis: This states that the company is earning a gross margin of 24.88% in 2014 and 22.96 in the year 2013. It implies that the company can decline its sales price by 24.88% and 22.96% respectively. 2 Net Profit Ratio: Net Profit after tax (A) 68,000.00 52,000.00 Net sales (B) 836,000.00 784,000.00 Ratio = A/B*100 8.13 6.63 Analysis: Net profit ratio interprets the total profit earned by the company in terms of percentage. High percentage of net profit indicates the efficiency of company to generate total profit. 3 Return on Capital Employed: Earnings before interest and tax (A) 116,000.00 100,000.00 Capital Employed (Total assets- total current liabilities) (B) 632,000.00 636,000.00 Ratio = A/B*100 18.35 15.72 Analysis: Return on capital employed states the efficiency of earning on the cost of capital invested by the company. In the given case, return on capital shows the efficiency of earning on capital, as return on both the years is high. 4 Current Assets Ratio: Current Assets (A) 296,000.00 340,000.00 Current Liabilities (B) 184,000.00 260,000.00 Ratio = A/B 1.61 1.31 Analysis: Current ratio of a company states the availability of working capital funds in order to meet the obligations and it should be more than one. In case of Xylo ltd., the current ratio is above the industrial standards and hence it is efficient in paying off the current liabilities. 5 Quick Assets Ratio: Current Assets- Inventory (A) 128,000.00 192,000.00 Current Liabilities (B) 184,000.00 260,000.00 Ratio = A/B 0.70 0.74 Analysis: Quick Assets Ratio states the efficiency of an organization in meeting its liabilities excluding inventories and this ratio should also be more than one. In the given case, the ratio is less than one in both the years 2013 and 2014; therefore, the company is required to improve its working capital funds. 6 Trade Receivable Period: Average Accounts Receivable (A) 150,000.00 92,000.00 Total sales per day (B) 2,290.41 2,147.95 Period in days(A/B) 65.49 42.83 Analysis: Trade Receivable Period is the period that indicates the length of the credit period a company can allow in terms of credit sales. From the given calculation, it can be observed that the company can allow around 65 days of credit in 2014 and 42 days in 2013. 7 Trade Payable Period: Total Purchases (A) 648,000.00 636,000.00 Average Accounts Payable (B) 332,000.00 260,000.00 Period in days(A/B) 1.95 2.45 Analysis: Trade payable period determines the "number of days" a company is paying off its purchasers or creditors. The above calculation shows that the company was paying off its creditors in 2 days in the year 2014 and 2.5 days in 2013 (approximately). The information that are required by different decision makers are the elements of financial statements, that is profit and loss account elements, cash flow information, capital structure, profit earned, assets and liabilities and other relevant information (Im and Choi 2015). Ratio analysis helps in decision-making process as it involves different types of components in the calculations. The ratio analysis implies the results and comparisons in terms of percentage and therefore it becomes easy to make decision for the investors and users of annual report (Bhatia 2015). Reference List: Ahmad, M.A., 2015. An Exploratory Study of Management Accounting Practices in Industrial Companies in Jordan (Case StudyIndustrial CompaniesASE).Journal of Economics Theory,9(1), pp.1-7. Bhatia, M., 2015. Insights into Financial Ratios Communication by NSE 100 Companies.The MA Journal,50(6), pp.108-113. Biddle, G.C., 2015. The Role of Financial Statements in Reporting Financial Performance. InAccounting Finance/IASB Research Forum. Bostwick, E.D., Lambert, S.L. and Donelan, J.G., 2015. A Wrench in the COGS: An Analysis of the Differences between Cost of Goods Sold as Reported in Compustat and on the Financial Statements.Accounting Horizons. BoyabatlÄÂ ±, O., Leng, T. and Toktay, L.B., 2015. The impact of budget constraints on flexible vs. dedicated technology choice.Management Science,62(1), pp.225-244. Brown, P.J., 2016. Calculation of Environmentally Sustainable Residual Income (eSRI) from IFRS Financial Statements: An Extension of Richard (2012). InIFRS in a Global World(pp. 141-157). Springer International Publishing. Chandar, V. and Tchamkerten, A., 2015, June. Asynchronous capacity per unit cost under a receiver sampling constraint. InInformation Theory (ISIT), 2015 IEEE International Symposium on(pp. 511-515). IEEE. Crott, R., Lawson, G., Nollevaux, M.C., Castiaux, A. and Krug, B., 2016. Comprehensive cost analysis of sentinel node biopsy in solid head and neck tumors using a time-driven activity-based costing approach.European Archives of Oto-Rhino-Laryngology, pp.1-8. Im, H. and Choi, J., 2015. Identifying the Key Financial Ratios to Evaluate Korean Construction Firms' Soundness.Journal of the Architectural Institute of Korea Structure Construction,31(7), pp.117-126. Javid, M., Hadian, M., Ghaderi, H., Ghaffari, S. and Salehi, M., 2015. Application of the Activity-Based Costing Method for Unit-Cost Calculation in a Hospital.Global journal of health science,8(1), p.165. Lawson, R.A., Blocher, E.J., Brewer, P.C., Morris, J.T., Stocks, K.D., Sorensen, J.E., Stout, D.E. and Wouters, M.J., 2015. Thoughts on competency integration in accounting education.Issues in Accounting Education,30(3), pp.149-171. Minnis, M. and Sutherland, A., 2015. Financial statements as monitoring mechanisms: Evidence from small commercial loans.Chicago Booth Research Paper, (13-75). Orioli, A. and Di Gangi, A., 2015. The recent change in the Italian policies for photovoltaics: Effects on the payback period and levelized cost of electricity of grid-connected photovoltaic systems installed in urban contexts.Energy,93, pp.1989-2005. Weygandt, J.J., Kimmel, P.D. and Kieso, D.E., 2015.Financial Managerial Accounting. John Wiley Sons. Winkler, S.C., 2015. Small-Scale Solar Photovoltaic Investment: Payback Periods, Net Present Value, and the Impact of EPA 111 (D). Yeh, C.C., Chi, D.J., Lin, T.Y. and Chiu, S.H., 2016. A Hybrid Detecting Fraudulent Financial Statements Model Using Rough Set Theory and Support Vector Machines.Cybernetics and Systems, pp.1-16.