Friendships in “Of Mice and Men” Essay

All through life, one builds up companionships to more readily guarantee their future. The tale Of Mice And Men, composed by John Steinbeck, is about a gathering of voyaging work laborers and the difficulties that they survive. The kinship between George, one of the principle characters, and Lenny, an impeded man and of Candy, an injured man, and his old canine, albeit unique, they each offer a significant number of similar sentiments toward one another. Additionally, by building up these fellowships, each accomplice is profited and is given life inspiration. In any case, every single beneficial thing must reach a conclusion, and when each accomplice is isolated from their partner, their critical bonds are broken. On account of their built up fellowships, George, Lenny, Candy and his pooch can live glad lives loaded up with euphoric and energizing occasions. All through the book, numerous sentiments are communicated between the relationship of George and Lenny and of Candy and his canine. Since the time they had lived respectively, George and Lenny adored and thought about one another each holding up day. Since [they] [had] one another, George and Lenny turned out to be all the more adoring and merciful, towards themselves, yet additionally towards others (104). Not at all like the other voyaging laborers who traveled alone, George and Lenny were together, fending off the difficulties of The Great Depression with a caring relationship. This bond kept every others hearts unadulterated and abstained them from turning unpleasant. Since the time Candys hound was a pup, he and Candy had shared a reliable association loaded up with devotion for one another. In Candys more youthful long periods of life, when his accomplice was a decent sheep hound, they had begun a confiding in relationship, which they did all through the remainder of their lives (24). Since Candy had his little guy since the time it was conceived, Candy was its solitary ace. Since canines are incredibly faithful to their lord, this dependable bond had the option to prosper. At long last, on the grounds that Lenny has been with George for his entire life, he feels an obligation of trust among them and is totally faithful to George. During their initial years, when George wasnt so kind to Lenny, he could have advised Lenny to stroll over a bluff and over hed go (40). Despite the fact that George never accomplished something this barbarous, he did some exhausting things. He even got Lenny into battles. Be that as it may, as time went on, he excessively became faithful and a believing relationship developed. Despite the fact that these accomplices are totally different, the y despite everything share a large number of similar sentiments towards one another. In the relationship of George and Lenny and of Candy and his pooch, each accomplice picks up something and this is the inspiration for the fellowship. Due to Lennys mental state, as he goes with, and becomes companions with, George, he benefits by having a gatekeeper to chase after him and protect him. Since the time they were youthful, Lenny simply join George, and from that day forward he profited by Georges security (40). Lenny is impeded and his psyche can't process enough valuable data to permit him to carry on with a fruitful life, adding to society. On the off chance that George had not permitted Lenny to go with him, at that point Lenny would either wind up destitute, in jail, or dead. Furthermore, in light of the fact that Candys hound is presently pointless, he benefits off Candy by accepting a gatekeeper to ensure him and guide him through an amazing remainder. Despite the fact that he had been a magnificent canine in his day, since he aint no decent to anybody now, his life would be vain on the off chance that he didn't have a guide for his residual years. Nonetheless, Candy couldn't have cared less for him totally out of consideration, he also profits by their relationship. Since Candy is a challenged person, he needs to feel like he is required, and having somebody that relies upon him, permits Candy to carry on with a cheerful life. Despite the fact that Lenny doesn't have a lot to give, George despite everything benefits off their fellowship by getting a dependable ally to go with him on his excursions. Since [they] travel together, George doesn't need to be troubled with the forlornness that could make a man crazy. George watches the other voyaging work laborers become hard and forlorn in light of the fact that they have no one to speak with on their excursions. In spite of the fact that he profits by their relationship, George pays t he consequences with his guardianship over Lenny. By setting up these connections, each accomplice is profited and given life inspiration. Both the kinship of George and Lenny and of Candy and his pooch lose their noteworthy securities when the accomplices are isolated. Since Candy and his canine give friendship to one another, when his pooch bites the dust Candy is disregarded and insecure. When his pooch had been set up for capital punishment, Candy was disregarded, contemplating their great recollections together as he lied unbendingly on his bed and gazed at the roof (48). Candys reason in life was currently finished, for he had nobody that relied upon him. Presently the main thing that droveâ him was the expectation that Georges dream would materialize, and that George, Lenny and he would get their own little plot of land. After George slaughters Lenny, despite the fact that this was a demonstration of benevolence, George loses his motivation as a gatekeeper. After he had pulled the trigger, George shuddered and took a gander at the firearm, for he realized that his guardianship was currently more than (106). Geor ge comprehended that it was his duty to slaughter Lenny. In spite of the fact that this demonstration of benevolence will trouble him for a mind-blowing remainder, George despite everything did the noteworthy thing. When Lenny kicked the bucket, George loses his fantasy about having their very own position. At this point, the fantasy had spread to something beyond George and Lenny and when Lenny and their little incredible George gets hopeless and hurt (94). The time that followed this catastrophe was the first run through of Georges grown-up existence with out Lenny. Likewise, up till now Georges reason in life was to think about, and guard Lenny. With Lenny dead, George feels that his life had no reason, for he was unable to keep Lenny from threats handle. At the point when every companionship gets isolated, the as yet living accomplice feels no more reason forever. In view of their set up kinships, George, Lenny, Candy and his pooch can live glad, bliss filled lives as they conquer the difficulties of The Great Depression. In spite of the fact that their critical securities are broken when the accomplices are isolated, when they are together, the accomplices advantage and offer numerous emotions towards one another. Some state opposites are drawn toward each other, and purchase utilizing this logical law to make companionships with various individuals; our general public would be a more amiable and in general better spot. Of Mice and Men by John Steinbeck New York : Covici-Friede, 1937

Procedure Guide to Access Control Essay

†¢Explain the requirement for planning systems for straightforward assignments, for example, making or adjusting access controls Access controls is a significant piece of security in any business setting. This guarantees the assurance of touchy materials from being access from unapproved clients just as keeping in-house materials in-house and not dispersed to unapproved faculty. o When setting systems in the mood for making or changing access controls you need to consider the sort of work force that will execute the techniques. You may need to utilize improved techniques to permit the clients simple access to address, include or erase data. Simultaneously the technique should be unpredictable enough that unapproved clients can't get in and change data all alone. Legitimate strategies safeguard that a framework isn't undermined or decimated dependent on a basic error or miss the board of access. †¢List the means to fulfill every one of the necessities in the assignments directions: 1.Status or setting before change : Start menu, Right snap PC, select deal with This will permit you to perceive what is as of now set up and furthermore carry you to the spot you should be so as to roll out any improvements 2.Reason For Change: The purpose behind change could be as basic as another client should be added to a specific gathering to permit them access to certain data with the goal that they can carry out their responsibility 3.Change to implement: Start, Admin. Instruments, Active direct. Clients and PCs, right snap clients, include client, follow prompts to include client, right snap gathering, click include clients, follow prompts to add client to gathering 4.Scope of the change: Log out of administrator. Sign into client , test access of gathering data and include and change capacities 5.Impact of change: Impact of progress either includes get to or denies get to however over effect is no change. 6.Status or setting after the change :  You back through a similar way you get to data as the administrator and check the data you entered. 7.Process to assess the change: Again you can see through administrator. Or then again you can log out and see by goingâ throught the clients certifications to check and ensure that get to and denies was executed accurately.

Ways of Seeing by John Berger Essay Example | Topics and Well Written Essays - 750 words - 2

Methods for Seeing by John Berger - Essay Example In the endeavor to pass on the uniqueness in view of â€Å"beauty† among people, Berger shows that ladies will in general venerate themselves substantially more than men, while the last spotlight on women’s appearance as opposed to their own. This gives the suggestion that ladies see themselves as being wonderful and they anticipate that men should perceive the equivalent of them. This is a topic that Berger works with the photos depicted hereunder (Berger [b] 35). On the 36th page of â€Å"Ways of seeing†, there are two photos of two unique ladies. The primary photo delineates a woman working at a store, wrapping a container on the table with her head bowed low (Berger [b] 36). Notwithstanding her praiseworthy height, the woman has various pictures of â€Å"beautiful† women holding tight the divider behind her. In the subsequent photo, there is a woman sitting in the back left half of a vehicle. The woman gives off an impression of being getting a great deal of consideration from spectators, who appear to be dumbfounded by her looks. In any case, the lady in the photograph looks so lighthearted, an angle clear from her sitting stance and shut eyes. This is an unmistakable pointer that she sees herself as being wonderful and anticipates total consideration from others, yet she doesn't recognize her admirers. Her discernment is, notwithstanding, because of people’s general meaning of magnificence. The two photos, show ladies yet they keep up very various degrees of â€Å"beauty†. Above all, the delineated â€Å"beauty† is characterized by others. For example, the woman working at the store is endeavoring to accomplish success and become like the lady on the second photo since she additionally maintains a meaning of â€Å"beauty†, like that, which is appreciated by others (Berger [b] 36).

College Admissions Essay Samples - Writing Argumentative Essays for Your College Application

College Admissions Essay Samples - Writing Argumentative Essays for Your College ApplicationCollege admission essay samples have become a very popular tool in writing academic essays. With these types of samples, students are able to get a wide variety of topics to write about and even go beyond what a college admissions writer would typically do with you. If you want to get better grades in college, there are a few important things that you need to know about argumentative essay samples.One of the key factors to consider is that essay writers will be more likely to use their verbal reasoning when writing about controversial topics. So, you may want to carefully consider whether or not your topic actually merits having a good argument. For example, the ACT and SAT have been designed for high school students, so if you have a strong argument based on your research, it should be easier for you to apply to college as a high school student. However, you should also make sure that your es say contains something that will appeal to college admissions.As well, one of the best argumentative essay samples for college applications is an essay that discusses controversial issues or ideas. In general, arguments based on science will be more well received than those that are based on religion or politics. This is because science usually proves to be true by means of scientific proof, and if you don't have any evidence to back up your ideas, they are more likely to be accepted by a university committee.Also, if you are part of a minority group, you will want to avoid expressing an opinion that is considered un-American or against the flow of the times by a college admissions committee. You may even want to write an argumentative essay that is specifically designed to appeal to a college admissions committee of one ethnic background.Other important things to consider when writing an argumentative college application essay include whether or not the writer is sure that he or sh e knows what the reader is expecting to hear. For example, many writing manuals suggest that one of the best arguments is when the writer appeals to the most logical of readers. If you are writing an essay that uses scientific concepts, you will want to write an essay that is clearly labeled as being scientific and gives examples of the latest scientific discoveries and ideas that you are discussing.Finally, you will want to consider the audience for your essay. Many writing tutorials suggest that one of the best arguments is when the writer appeals to the emotional appeal of the reader. If you are writing an essay on the history of someone, you should consider writing an essay that appeals to the emotions and emotional response of your audience by writing an essay that includes things like quotes from books and songs.In general, you will want to have an argumentative essay samples for college admissions submitted to a college admissions committee and then to a university committee. This is because most essays require convincing the reader that the arguments made are valid, but they also want to see that you have an interesting viewpoint to place your opinions.

The Cash Flow Analysis Finance Essay - Free Essay Example

Sample details Pages: 13 Words: 3783 Downloads: 4 Date added: 2017/06/26 Category Finance Essay Type Research paper Did you like this example? A cash flow statement is a statement which explains the various sources from which the funds are raised and the uses to which these funds are put. Complementing the balance sheet and income statement, the cash flow statement (CFS), a mandatory part of a companys financial reports since 1987, records the amounts of cash and cash equivalents entering and leaving a company. The CFS allows investors to understand how a companys operations are running, where its money is coming from, and how it is being spent. Don’t waste time! Our writers will create an original "The Cash Flow Analysis Finance Essay" essay for you Create order Chapter 2.Structure of Cash Flow Statement The cash flow statement is distinct from the income statement and balance sheet because it does not include the amount of future incoming and outgoing cash that has been recorded on credit. Therefore, cash is not the same as net income, which, on the income statement and balance sheet, includes cash sales and sales made on credit. Cash flow is determined by looking at three components by which cash enters and leaves a company: core operations, investing and financing. Operations Measuring the cash inflows and outflows caused by core business operations, the operations component of cash flow reflects how much cash is generated from a companys products or services. Generally, changes made in cash, accounts receivable, depreciation, inventory and accounts payable are reflected in cash from operations. Investing Changes in equipment, assets or investments relate to cash from investing. Usually cash changes from investing are a cash out item, because cash is used to buy new equipment, buildings or short-term assets such as marketable securities. However, when a company divests of an asset, the transaction is considered cash in for calculating cash from investing. Financing Changes in debt, loans or dividends are accounted for in cash from financing. Changes in cash from financing are cash in when capital is raised, and theyre cash out when dividends are paid. Thus, if a company issues a bond to the public, the company receives cash financing; however, when interest is paid to bondholders, the company is reducing its cash. Chapter 3.Cash flow analysis -An Introduction Cash flow analysis is the study of the cycle of your business cash inflows and outflows, with the purpose of maintaining an adequate cash flow for business, and to provide the basis for cash flow management. Cash flow analysis involves examining the components of business that affect cash flow, such as accounts receivable, inventory, accounts payable, and credit terms. By performing a cash flow analysis on these separate components, one is able to more easily identify cash flow problems and find ways to improve your cash flow. When planning the short- or long-term funding requirements of a business, it is more important to forecast the likely cash requirements than to project profitability. Whilst profit, the difference between sales and costs within a specified period, is a vital indicator of the performance of a business, the generation of a profit does not necessarily guarantee its development, or even the survival. Normally, the main sources of cash inflows to a busine ss are receipts from sales, increases in bank loans, proceeds of share issues and asset disposals, and other income such as interest earned. Cash outflows include payments to suppliers and staff, capital and interest repayments for loans, dividends, taxation and capital expenditure, loans given.etc. Net cash flow is the difference between the inflows and outflows within a given period. A projected cumulative positive net cash flow over several periods highlights the capacity of a business to generate surplus cash and, conversely, a cumulative negative cash flow indicates the amount of additional cash required to sustain the business. Cash flow planning entails forecasting and tabulating all significant cash inflows relating to sales, new loans, interest received etc. and then analyzing in detail the timing of expected payments relating to suppliers, wages, other expenses, capital expenditure, loan repayments, dividends, tax, interest payments etc.. When this net cash flow is a dded to or subtracted from opening bank balances, any likely short-term bank funding requirements can be ascertained. Chapter 4.Objectives of Cash Flow Analysis Optimum Utilization of operating cash Implementation of a sound cash flow analysis and management is based on rapid generation, efficient utilisation and effective conversion of its cash resources. Cash flow is a circle. The quantum and the speed of the flow can be regulated through prudent financial planning facilitating the running of business with the optimum cash balance. This can be achieved by making a proper analysis of operative cash cycle along with efficient management of working capital. Cash forecasting Cash forecasting is backbone of cash planning. It forewarns a business regarding expected cash problems, which it may encounter, thus assisting it to regulate further cash flow management. Lack of planning results in spasmodic cash flows. For any organisation, cash is the lifeblood that keeps it the business going .That is why, Cash Flow Analysis and its management has been gaining importance with organisations that view the services as a crucial part of their corporate strategies. Managing the cost of cash There is always an opportunity cost of maintaining excess cash balance.ie. if the firm is maintaining excess cash the it is missing the opportunities of investing these funds in a profitable manner. Similarly if the firm is facing shortage of cash, then it may be required to arrange funds on an emergency basis to appropriate any imbalances in the cash flow. Therefore, cash flow analysis help in determining the appropriate cost of raising cash and the effective deployment of funds. Chapter 5.Uses of Cash Flow Analysis Cash flow analysis is used to evaluate the liquidity of a company, to find out ratios like the net present value and the internal rate of return, to act as a validating input for net income created by accrual accounting methods. A company can use a cash flow statement to predict future cash flow, which helps with matters in budgeting. For investors, the cash flow reflects a companys financial health: basically, the more cash available for business operations, the better. However, this is not a hard and fast rule. Sometimes a negative cash flow results from a companys growth strategy in the form of expanding its operations. By adjusting earnings, revenues, assets and liabilities, the investor can get a very clear picture of what some people consider the most important aspect of a company: how much cash it generates and, particularly, how much of that cash stems from core operations. Chapter 6.Process of Cash Flow Analysis I am working as a summer intern in the finance department of Motilal Oswal Securities Ltd. I am trained for managing the cash flow statement on a daily basis wherein the inflow and outflow of cash was managed and monitored. The different sources of funds with the respective uses are mentioned in brief. The process of cash flow analysis is described below. Initially we obtain the funds position by identification of sources of cash (funds) as follows: Issue of Commercial papers and Non-Convertible debentures Motilal Oswal Financial Services (MOFSL), the parent company as well as Motilal Oswal Securities Ltd, the broking arm, issue Commercial Papers and Non Convertible Debentures during appropriate market timings. These securities assist in the arrangement of funds required for funding the capital and revenue expenditure, working capital requirements and supplementing the growth operations of the company. The process of issuance and the corresponding co-ordination with NSDL , IPA ( Issuing and paying Agent), banks and subscribers is looked after by the respective department and the information of the funds availed is known and communicated while preparing the cash flow statement. We, thus, include the amount as an inflow of funds. Balances in Client Settlement accounts and own accounts with the banks, Fixed Deposits, Loan against shares, ODs, Bank Guarantees, Short Term loans The company maintains different kinds of accounts for different segments like NSE Cash segment, Own and Client Settlement Account and NCDEX Settlement Account for Commodities, NSE Futures and Options Client and Settlement accounts, BSE Client Account and settlement with different banks. These accounts facilitate effective coordination of funds obtained from the clients from the corresponding exchange as well as the companys own funds traded over the exchange. The firms own funds as well as the clients funds are available for optimum utilization at the consent of the client. Thereby these funds are reflected as an inflow in the cash flow statement. Loan facilities are provided by the banks for adequate working capital requirements especially during immediate need of funds when during the days of high market trading considerable requirement of margins in the form of cash needs to be parked in the exchanges. The concept of margins is explained further. Thereby funds available by th ese means are employed for further usage. Banks also provide non fund based facilities in the form of Bank Guarantees: A bank guarantee is an irrevocable commitment by the issuing bank to make a payment, at the request of its client, to the beneficiary specified in the bank guarantee, subject to the beneficiary filing a request with the bank to that end, and the fulfilment of the terms and conditions of such bank guarantee (conditional bank guarantee); before the expiry date of the guarantee and up to the amount specified therein. By issuing an unconditional bank guarantee, a new legal relationship is established, which is independent from the underlying transaction, whereby the issuing banks payment obligation arises subject to the beneficiary requesting such payment, irrespectively of any disagreements the parties may have regarding the fulfilment of the underlying transaction; i.e. the payment obligation arises at the time of the first call and without the need to assess the n ature of the legal relationship. For availing bank guarantee, the banks require authorised letters stamped and delivered with the necessary certificates of creditability as a part of their documentation formalities. Usually the amount of Bank guarantee (BG) is availed against different collaterals like corporate guarantee and /or personal guarantees provided by the promoters to the extent of certain percentage and the remaining in the form of fixed deposits placed with bank, shares pledged of the value after haircut of 50% .Different banks have different specifications. There exists a BG commission for usage of the bank guarantee around 1.5-5% of the amount availed as BG as against the creditability of the company in the industry .BG commission is charged upfront with the issuance, and the charge is amortised over the period of the BG. Also facility of Loan against shares (LAS) is available where loans can be availed against the pledged value of the shares owned by the firm . Overdrafts (OD) are available for working capital requirements and are charged for the period of use of OD amount. They are also availed against fixed deposits placed by the bank and any shares pledged with the bank for the same. Similarly Short Term Loan facility is provided against the collateral of FDs, Shares, and Corporate Guarantee .They are majorly used for furnishing the margin requirements of the exchange. The CASH FLOW STATEMENT also shows the position of the bank accounts with the varied details discussed above .The picture below can give a fair idea about the daily status of funds with the banks. It shows the position of funds with bank on a particular day. It shows the funds in the different accounts along with the interbank and inter account transfers in the form of RTGS, investments and redemptions. The funds obtained or utilised by way of DVP trades, CP/NCD issuance, FDR placement and high value clearing are specified in the bank position statement. Also t he exchange payin /payout for client settlements and collections obtained from the client accounts are shown; thereby the net position of the bank on a daily basis is ascertained. Client funds of Cash, F O and settlement figures are bifurcated to give the exact position of the funds that are held on behalf of clients and the own funds ,that can be further utilised for revenue generation. Funds employed in the form of margins in the exchange in the respective segment are also shown. Similarly, positions for other banks are also prepared and mailed to the banks on a daily basis. Interbank funds transfer As mentioned earlier, the company has various accounts with different banks for different purpose. As and when the fund requirement arises from one account to another or from one bank account to fund another bank account during the business conducted in the day, the corresponding RTGS( Real Time Gross Settlement ) is undertaken and request are processed through faxing of letters containing the respective instructions. Some Banks also provide the facility of auto sweep wherein the funds are transferred into accounts where there is a shortfall from accounts having surplus funds. This ensures adequate funds for immediate deployment. Money payout of funds invested in NSE and BSE: Capital segment and Futures and Options segment The companys own funds as well as those of the clients, when traded over the exchange into buying or selling of shares and other securities result in money payouts/payins and accordingly the funds available with the company increases or decreases. Particular files of communication of the same are updated from the exchanges on daily basis which assist in giving a true picture of the funds received or to be paid. They are thus updated in the cash flow statement. The settlement of Equities as prescribed by the exchange is on T+2 basis and Futures and Options on T+1 basis. Thereby the next days position of settlement with the clients and the exchanges is shown in the cash flow so as to ascertain the requirements of funds for the coming day .Accordingly the cash provisions can be planned out and money can be arranged on time. It is known as the Provision Payin/Payout for coming settlement day (Ledger Bal) Day after tomorrow and these figures are obtained from the back office systems . They are thus updated in the cash flow statement. Margin releases from the exchanges As a stock broking firm, Motilal Oswal Securities have to arrange for appropriate margins in the exchanges for the dealing of its clients in different segments like equities, derivatives and commodities regularly. These margins can be in the form of Bank Guarantee, Fixed Deposits, Cash, Shares and Mutual Funds pledged with the exchange up to a certain proportion ( limit given by the exchange to any stock broking house).They act as a collateral in the event of any default of the payin of the companys clients or the company itself as against the volume of trade conducted over the exchange. The CASH FLOW STATEMENT includes the average margins parked with the respective exchanges and the corresponding bifurcation of the margins in the form of Bank Guarantees, FDRs and cash. It also depicts the proportion of FDRs (Fixed Deposit Receipts) and shares pledged against the bank guarantees in the different banks. This is reflected in the pictures below. It helps in ascertaining the positio n of the application of the funds and helps in analysing the leverage obtained by way of borrowed funds. As the funds are released from the exchanges, they get available for further use the next day and can be invested or deployed appropriately. The following illustration gives a fair view of the margin statement. The margin report is updated on a daily basis by the concerned department and thus, the margin provisions and releases are updated in the cash flow statement. It gives a fair idea of the percent of total collateral parked with the exchange on a daily basis along with the funds actually utilised. Thus we can accordingly decide about the further deployment of funds in the exchange. Loan availed from the holding company As Motilal Oswal Securities stands as a subsidiary of the parent company, Motilal Oswal Financial Services Ltd, it is facilitated with easier loan provision facilities and funds can be availed from the parent company as and when required. Redemption of Investments in Mutual Funds As the cash flow statement is prepared, the surplus funds are invested in Liquid mutual Funds schemes of huge corpus funds and AUMs (asset under management).Cash is generated when funds that are invested are redeemed and the dividend accumulated thereon. This is generally processed on a daily basis whenever the surplus cash is ascertained. Liquid Mutual Funds enable easy liquidity coupled with less risk, as the risk is mitigated by investment into varied stocks of correlated returns by the asset management company. Arbitrage transactions Motilal Oswal Securities Ltd. has a particular department that analyses the revenues that can be made by way of arbitrage transactions. Different strategies are employed for taking advantage of the arbitrage opportunities in the capital and futures market. Generally the company deals in cash futures .Considerable profits can be booked while the deal involves less risk. The company makes revenues by way of capitalizing on the difference in the value of scrip of equity and futures over the period by employing a combination of different long and short strategies both in the cash market as well as futures market. The amount of revenue generated in the process is informed during the preparation of the cash flow statement. We thus update the amount while preparing the cash flow statement on a daily basis. DVP Institutional releases DVP known as DELIVERY VERSUS PAYMENTS arise when the company, on behalf of it Foreign Institutional Investors (FIIs) undertake the responsibility for provision of funds to the custodian bank of the FIIs when the buy or sell of the shares take place. Fund parked in with the custodian banks are released after the confirmation and are available with the company for utilisation. DVP is further elaborated in the outflow segment. Client Collections Information about the value of the trade conducted over the day and the amount accumulated is conveyed by way of collections obtained from the clients. Consolidated figures of each segment .i.e. NSE and BSE: Cash and FO is electronically communicated by the respective department and the amount is updated in the cash flow as an inflow of funds available for further utilisation. This includes the brokerage earned. After obtaining the Funds availability position, the deployment of the cash is decided. For efficient and cost effective utilisation of the cash resources, the application sources are effectively analysed and the different requirements taken into consideration are as follows: Provisions for salary, bonus, TDS, Advance Tax, Dividends, Operating Expenses Salary and bonus, TDS, Advance Tax provisions, Dividends to the shareholders and the operating expenses for every month is calculated by the accounts section and the total figure is communicated for making the appropriate provisions as and when required. Thereby funds are provided for these revenue expenditure items. Investments in Mutual funds ,fixed deposits, securities and derivatives Funds available have to be put to best possible use .Most cost effective alternatives combined with least exposure to risks result in the majority of the investments in liquid mutual funds with no entry and exit load and a diversified risk approach. Easy liquidity supports daily investments and redemptions and thereby surplus funds in good proportions are invested in the liquid mutual fund of well rated firms like Reliance, ICICI, UTI and FORTIS Mutual Funds having huge corpus funds and considerable Assets under Management. Funds not needed daily can be locked in for a longer period with the banks in the form of fixed deposits with a better rate of return and can be further utilised in for availing bank guarantees and overdrafts against the fixed deposit receipts. As per the direction from senior authorities regarding investments in securities and derivatives, appropriate provisions are made in the cash flow statement and the funds are provided accordingly. Loan Repayment Loans availed from the holding company are repaid with the surplus funds available with the subsidiary company. Accordingly the provisions are made and the position of the net available funds is prepared with the cash flow statement. Margin funding Margin funding refers to the funding of the clients portfolio by the stock broking firm upto a certain percentage .It depends on the segment as to whether the client wants to deal in equity or derivatives .The amount of Margin funding depends on the creditability of the client and their relationship with the company over the period. A certain percentage of interest is charged for the purpose of margin funding. It facilitates easier availability of funds during bullish markets when the clients indulge in vast amount of trading and require funds in excess of their portfolio value. In order to provide for margin funding, appropriate provisions are made and accordingly the transfer of funds are processed by electronic funds transfer on a daily basis. DVP funding Funds are provided for the Deliver Versus Payment (DVP) transaction entered into, by the companys trading unit. This comes under the institutional broking and distribution segment of the company. Thereby appropriate funds are reserved for funding DVP trades. DVP can be elaborated as follows: Monitored by RBI FII Governed by SEBI Guidelines CUSTODIAN BANK Indian Stock Exchange Stock Broker MOSL The above sketch represents the Indian context where a FII is required to be registered with SEBI, RBI and also needs to have an agreement with a Local Custodian as per RBI, SEBI requirements. As per RBI the amounts brought in by FII and maintained in designated account is fully-repatriable outside India including the sales proceeds. It is also important to note that an FII cannot deal in any activity directly without a Custodian to honour its trades. FII registration and monitoring is one of the most cumbersome processes in the capital market today as the FD I cap is highly regulated in our country. In spite of such constraints too the business from this segment is the highest today as compared to historical statistics. Therefore Working capital requirements are visible for funding FII orders in the form of Exchange Margins and Pay-in towards stock exchanges. Payments towards overdrafts, loans, BG commission Provisions are made for payments of overdrafts availed through the banks and the repayment of loan against the shares pledged .Payments are effected through electronic transfer BG commission towards the bank guarantee facilities provided are paid on an average monthly basis. Accordingly provisions are made for the same in the cash flow statement and the outflow is reflected. Client Payouts Funds available with the company include the deposits of the clients in their respective trading and settlement accounts with the company .As and when the net settlement takes place with the clients, the payouts are reflected and fund credited to the clients accounts. This is reflected as the outflow of funds in the cash flow statement.

A Common Question About My Parent s Nationality - 855 Words

A common question people like to ask is â€Å"Where are you from?† I’ve always wrestled with how to properly answer this question. I didn’t know if I should answer with my birth place, my parent’s nationality or the area I spent most of premature life at. My family have moved a lot over our life time, so much that people started to question if my parents where in the military moving from base to base. But they weren’t, my parents emigrated from Nigeria to America in the mid 1980’s. Their first stop in America was Dallas, Texas. In Dallas my mother gave birth to both of my older sisters. My family struggled for a well before I was born. My mother worked as a cleaning lady in a hotel and my father was an ice-cream man driver. After 7 years of the hot state which is Texas, my parents decide to go north and move to Minneapolis, Minnesota in pursuit of having better education and career options, so they could properly take care of the family. On September, 24, 1994 I was born in Children’s Hospital of Minneapolis, Minnesota, but nearly a year later my family was the road again. After I turned 1 years old, I and my family move to Tulsa, Oklahoma. We came to Tulsa because both my parents once again found better career jobs as Nurses. I spent a short amount of time in Tulsa. I started preschool at key elementary. I made good friends in my preschool but those friendships where short loved because after I turned about 4 years old, me and my family where back on the road again. This timeShow MoreRelatedThe Identity Of A Country Like The United States Of America1258 Words   |  6 Pagesidentifies you in many different ways like your nationality, culture, and your level of education.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  The real question is, whether there’s a connection between language and identity. Others may disagree, but I feel that there may be a strong connection between the two. 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Li Fung free essay sample

2. Intermediaries such as Li Fung need to be paid. Why, after paying Li Fung a fee, buyers and suppliers still find it valuable to deal through an intermediary? In other words, why don’t they trade directly? Li Fung provides an interface between multiple buyers and suppliers by linking larger retailers in the developed world to a network of suppliers and factories throughout Asia.Buyers still find it valuable to deal through an intermediary because the experience and connection of Li Fung in Asia could reduce the transaction costs associated with the haggling, uncertainties and headaches as compared to buyers and suppliers bargain directly. Due to strong bargaining power over small suppliers in Asia, Li Fung has the abilities to provide both low-cost and quick, responsive sourcing. For firms that emphasize brand reputation, Li Fung strongly enforces the policy to prevent substandard quality and labour abuses. We will write a custom essay sample on Li Fung or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Suppliers pay intermediary for the access to global market because Li Fung has over 70 offices in more than 40 countries. When Li Fung encourage buyers to enter into long-term sourcing arrangements with them, it has pooled the sourcing needs of different buyers and using the pooled demands it is better positioned than individual buyers at incentivizing suppliers and also encouraging suppliers to enter into long-term arrangement. Essentially, sourcing for multiple buyers provides Li Fung with a certain flexibility in meeting the commitment to provide future business to a supplier.Why is Li Fung able to emerge stronger during the 2008-09 global economic crisis? Global financial crisis had lead to cost cutting in all industries, most multinationals, big brands and retailers. In order to slash cost, having a department in the organisation just for procurement has become unnecessary as outsourcing could well perform similar task at lower cost and better outcomes. By leveraging local k nowledge and relationship with wide range of suppliers, Li Fung able to manage supply chain of high-volume, time-sensitive consumer goods produced throughout Asia. Li Fung specializing in product sourcing could also assist retailers to manage their inbound logistics while buyers can focus more effort on their outbound logistics such as distribution channels to reach end consumers. Multinationals who set up their own buying office tend to rely on floating tenders and other competitive rituals that ensured low prices with acceptable quality. However, in a fast changing world, it is evident that there is disadvantage where by in natural a long term sourcing arrangement would restricts firms to employ new suppliers in case of a need arise.Eventually this will cause firms to become less responsive. Alternatively, Li Fung able to exploit the relational advantage of intermediation that simultaneously provide flexibility of competitive sourcing and the confidence of long-term relationship. Li Fung posses the triple As in its supply chain management competency that is considered as a competitive capability against competitors; Agility, Adaptability, and Alignment. Under external shocks, an agile supply chain can quickly react to unexpected shifts in supply and demand. Assume that, if there is any sensitive disruptions caused by a wide range of different causes such as natural disasters in one of the city in Asia which affect production of certain components. Li Fung’s complex supply chain could easily shift to any one of its other 8300 suppliers and ensure no interruption in meeting its customers’ demands. Adaptability, refers to the ability to reconfigure supply chain in response to longer term external changes. Surely, this requires regular monitoring of global trends in politics, social and technology.Providing that Li Fung owns neither factories nor is it in any business of directly retailing the vast majority of the products it sources, it has the flexibility of choosing which buyer to match to which supplier. To illustrate, if a buyer is unsatisfied with the existing suppliers’ pricing, Li Fung could provide the service to seek for more appropriate suppliers who fit buyer’s requirement. Alignment refers to the balancing both suppliers and buyers’ interests in the supply chain. Conceptually, power and trust are the two key elements to achieve alignment. Due to unequal power between firms and suppliers, a recognized and reputable intermediary like Li Fung definitely possess high bargaining power to facilitate legitimacy and efficiency of the whole supply chain. Given that it is possible that either buyers or suppliers can come from a bigger firm, Li Fung plays an important role as a neutral intermediary or third-party logistics provider to effectively balance the interests in the supply chain.