Management report regarding the financial performance of the National Essay

Management report regarding the financial performance of the National Folk Festival Ltd for year ended 30 June 2007 - Essay Example Net Working Capital is therefore the difference between current assets and current liabilities. (Carey and Towers-Clark 2011) Working capital is relevant since it is a measure of the firm’s liquidity and efficiency because it involves all current assets and current liabilities. (Adams 2006) It is a reflection of the results of a number of other company activities like revenue collection, inventory management, payment to suppliers and debt management. A positive working capital in a firm would be an indicator of its ability to pay off its short-term obligations quickly. On the other hand, a negative working capital indicates that the business is struggling to pay off these short-term liabilities fast enough. (Atrill and McLaney 2011) In the case study of National Folk Festival Ltd, its working capital position for both 2007 and 2006 can be evaluated and compared. The comparison is to ascertain how liquid the firm was in these two years. The working capital of the company can be calculated as shown below: The year 2007 had a higher working capital than 2006. This means that in the year 2007, National Folk Festival Ltd was more liquid than in 2006 since it had more money to pay off its short-term liabilities as and when they fell due. A closer look at the current assets and liabilities for both years reveals that in 2007, the company had more current assets and fewer current liabilities compared to 2006. This was what attributed to the higher working capital in 2007 than in 2006. A comparison of the income statement items for the years 2007 and 2006 shows that the company made significant improvements in 2007. In Appendix 1, a variance analysis shows the increase or decrease of incomes and expenses from 2006 to 2007. An increase in income or decrease in expense is a favourable variance while a decrease in income or an increase in expense is an adverse variance. The tickets sales in the year 2007 were higher than

Has the Bush Administration made America more Safe as a Result of Research Paper

Has the Bush Administration made America more Safe as a Result of Exporting Democracy - Research Paper Example Export democracy bears semblance to colonization albeit in an indirect way. In medieval democracy, the Athenians, the French revolutionists, and the Russian Bolsheviks felt that the level of democracy and freedoms in their states was superior to that in the nations around themi. They, therefore, sought to influence and bring changes to the governments that neighbored them. In a way, the principle of export democracy played a role in instigating the process of colonization all over the world. For instance, Europe felt that their system of governance was the best and worth being assimilated world over. As history holds it, America adopted the western system of governance from its colonizers; it adopted its administrative system embedded on democracy with the freedom to vote and be voted for enjoyed by every citizen. With economic developments, the country became a world super power being both an economic power house and an epitome of political democracy. The feeling that the political system in the country had matured enough led the nation’s leader to believe that the system of government in the country was thus the best and could be adopted by other nations. In 1994, at the end of the Second World War, democracy was considered a giving to the Americans from the Europeans. The Italians were the major benefactors of this. When the Italian cities were being literally by the allied forces, a key participant of which was the United States, so did the reign of Nazi rule come to an end. The Nazi regime was an extremely authoritarian system that was led by a dictatorial leader; after its ousting, democracy was adopted in Italy instigated by Americans. The Italians incorporated democracy in their system of governance. It was a period of war it was not easily noticeable that the system of governance was being changed. In addition, the government could not resist the change since it had all its forces on the war front. For a country to completely change or influence the governance of a second nation, conflicts would arise leading to diplomatic ties being revoked. There are two ways through which a country influences the governance of anotherii. The first, which is diplomatic, is the imposition of conditions before giving out aid to the country. A superior economy would demand that certain changes be made in the system of governance before they send aid to the country. This has is used by governments even to date. The only condition that affects the use of this strategy is that the country that is to be changed has to be a weaker economy or in need of aid for these conditions to be met; this has always worked in the developing countries that always need aid the most yet they have the most autocratic systems of governance. The second strategy is the direct attack of a given government in an attempt to deliver the populace from the rule that is considered unfriendly. This would always lead to war and there would always be casualties. However, wit h international bodies at alert to object to such acts, the process would end up facing criticisms as a crime against. Furthermore, after all these, the preferred system would end up not being assimilated as in the long run the people are left to govern themselves. Bush’s Administration and Exercise of Export Democracy Bush was elected to office in 2001. His election was on a republican ticket. His