Billy Bristol Assignment Example | Topics and Well Written Essays - 1000 words

Billy Bristol - Assignment Example There are two examples to support my answer. The profit is generated by deducting the total operating expenses from the gross profit. The gross profit is arrived at by deducting the cost of sales from the net sales. Since collections include revenues from prior or future accounting periods, cash collection is not the best basis for determining current period net income. Current period $10,000 collection for sales generated during the prior accounting period does not affect the current period net income (Berry, 2011). Likewise, expense payments may include expenses for future accounting periods. Consequently, an adjusting entry is made to include only the current (accrued) portion of the total expense payments in the computing the current accounting period’s net income. A payment of $1,200 insurance expense 2 years should adjust to only include $600 for the current period insurance expense. Based on the above financial statement analysis ratios, Brisbane fared financially bette r than Perth. Brisbane’s 38 % Gross profit margin is higher than Perth’s 25 gross profit margin. A higher gross profit ratio indicates a better financial or operations performance. Brisbane’s 7 % profit margin is higher than Perth’s profit margin. A higher profit ratio indicates a better financial or operations output. Brisbane’s 3.65 times current ratio is higher than Perth’s 2.92 times current ratio. This clearly shows that Brisbane’s has more current assets allocated to pay for the currently maturing liabilities.

Risk Assessment Essay Example | Topics and Well Written Essays - 250 words

Risk Assessment - Essay Example Pesticides sprayed on plants are not just sprayed on plants, but soak into the soil on which we walk and get into the underground water supply, contaminating it so that it becomes unsafe to drink. I also do not want to put anything into my body that I cannot read on a label and pronounce and understand, and speaking from the heart, I cannot understand the name of any pesticide, except to tell you that anything ending in â€Å"zine† is bad. Pesticides and herbicides should be tested for their potential to harm humans by putting them into a controlled sample of water and observing changes over time. If the water were to turn an unnatural color, such as brown or gray, the pesticide would then be deemed unsafe. It should also be tested on samples of soil by placing the controlled pesticide sample into the soil and monitoring plant growth throughout the sample. For further testing, we should introduce fish into a larger, yet still controlled sample of water, and if the pesticide sample introduced to that environment caused any harm to the fish, then we would know it would be unsafe for humans. As a consumer, we have a responsibility to not only read labels on the food that we purchase, but to know where our food comes from. Simply choosing to buy organic is not enough. We must know, at all times, if the can of corn or the bag of onions that we are about to pick up in the grocery store came from a place where chemicals are used on the food. This is our responsibility as a consumer, to make sure that we are aware of what is going into our