Preparation of accounts and Essay Example | Topics and Well Written Essays - 1000 words

Preparation of accounts and - Essay Example Moreover, the division has attracted a type of consumers that seem to be a niche market, thus creating stable demand for the products Cost of sales has been assumed to follow a pattern from its previous performance. For the home decorating division, cost of sales was pegged at 70 percent, for the household goods at 60 percent, and for the DIY goods at 40 percent. Cost of operations for 2010 also followed the historical pattern based on 2009 and 2008 statements, and assumed the same percentage against gross sales of previous years. Given these assumptions, the gross operating income and the income before tax was derived and computed for the year 2010. Since it was assumed that there was no revaluation occurring in 2010, the net income after tax for Metropole was projected to be at  £193,000. This income, compared to that of 2009 and 2008, is quite better than expected, given the bleak global economic outlook. Since there is an expected economic slowdown, the forecast decreased in sales will leave a bigger inventory of merchandise. Thus compared to 2009, the inventory for 2010 will be higher by about 10 percent. Trade receivables, on the other hand, will suffer a bit since receivables may not be collected on time. As a matter of fact, to push sales and in an effort to curtail inventory from piling up, sales on account are projected to rise giving more trade receivables to account for 2010. Thus, trade receivables account for 2010 ended with 80 percent higher than the previous year 2009. What will save the day for Metropole during the economic downturn in 2010 will be the highly profitable and stable DIY stores. This division is expected to deliver the cash for the company. Thus, it is also forecast that an increase in cash account is expected, and some of them will be treated as short term savings deposit. Given the volatile nature of the economy, investments are forecast to be put on hold, as the company observes the direction

Environmental Pollution Essay Example | Topics and Well Written Essays - 750 words

Environmental Pollution - Essay Example There are four various rank of coal: anthracite, bituminous, lignite and sub-bituminous (Plant et al., 2012). The fuel obtained from coal has several uses in industries and other sectors such as power stations. In power stations, coal is used as a fuel, in generating of electricity. Coal accounts for 39 percent of the world’s electricity. Electricity is essential in promoting economic growth and improving living standards. Coal is also used in the making of cement. It is used as a fuel to give the high temperatures required, approximately 1450 degrees Celsius, in the furnace used in the burning of raw materials used in making cement. The raw materials include calcium carbonate, iron oxide, silica and alumina which are combined and burnt to produce clinker. The clinker is then combined with gypsum to produce cement. Purified coal tar is used in the production of chemicals like naphthalene, benzene, cresol oil. Ammonia gas found in coke furnace is used for making ammonia salts, fertilizers used in agriculture and nitric acid. The manufacture of steel and iron is dependent on coal. Coal is burnt in hot kilns for production coke. The coke is then used for extraction of iron from its ore in order to make steel. Coal is also used to make plastics by the use of methanol and ethylene found in coal. Coal industry has several negative impacts on the environment. The effects include thermal pollution, formation of acid rain, micro plastics, and presence of mercury in fish, acidification of oceans, flourishing of algae, and death of fish. When coal is burnt it releases mercury into the atmosphere, which settles in water bodies with time. When the fish take in the polluted water, mercury accumulates in their body fat. When nitrogen, a byproduct of combustion of coal, finds its way into the rivers or lakes, it increases the nutrient level in the water bodies causing eutrophication. It also results to the bloom of algae. Sulphur (IV) oxide and