Financial Statements Essay -- Economy, Financial Distress

Financial Statements basically show the historical performance or record of the company at some previous point of time. By the time when financial statements are made public, changes are many economical areas such as market conditions, currency exchange rate and inflations can change the values of assets and liabilities. In this case there often exist discrepancies between book value of assets and their market values. In above case there might be companies that are healthy and many go through period of financial distress. In particular is the threat of not being able to meet debt obligations. The first Indication of financial distress is when firm does not have enough liquid assets (short-term assets) to cover (pay for) current liabilities (short-term liabilities) when this happen than firm ability to covering long-term liabilities is reduced resulting in creditors taking on more risk than the investment of loaning money to the firm is worth. When company is facing financial distress, book value of company liabilities can become worth more than the market value of the same liabilities. If this happen, than firm is in danger of not meeting its obligations to creditors. In this case creditors may not be paid and in worst of financial distressed time, the creditors may receive nothing in interest or principal, if the firm files for bankruptcy. The importance of financial-decision making goals is to increase shareholders’ value and to keep them away from financial distress. The Predicting of financial distress is an early warning signal to keep investors from being loss. It has been more than 70 years, since Ramser & Foster, and Fitzpatrich in 1931-1932, and 44 years, since Beaver (1966) but still they have not found the theory... ...earches this paper extends the previous research work done on financial distress. We have used modified Altman Z Score as a proxy for the financial distress. After including the financially distressed and financially healthy firms in our sample, we have seen the effect of financial distress on corporate cash flows. Prior to this work hardly any paper can be seen which studies the impact of financial distress on corporate cash flows, especially in Asian context. Our work adds to the literature in a sense that it not only identifies the financially distressed firms but also measures the effect of financial distress on operating cash flows of the firms listed on Karachi Stock Exchange. Our work also contributes to the literature in establishing a fact that whether the model of financial distress developed by Altman is relevant in Pakistan’s Corporate Environment. Financial Statements Essay -- Economy, Financial Distress Financial Statements basically show the historical performance or record of the company at some previous point of time. By the time when financial statements are made public, changes are many economical areas such as market conditions, currency exchange rate and inflations can change the values of assets and liabilities. In this case there often exist discrepancies between book value of assets and their market values. In above case there might be companies that are healthy and many go through period of financial distress. In particular is the threat of not being able to meet debt obligations. The first Indication of financial distress is when firm does not have enough liquid assets (short-term assets) to cover (pay for) current liabilities (short-term liabilities) when this happen than firm ability to covering long-term liabilities is reduced resulting in creditors taking on more risk than the investment of loaning money to the firm is worth. When company is facing financial distress, book value of company liabilities can become worth more than the market value of the same liabilities. If this happen, than firm is in danger of not meeting its obligations to creditors. In this case creditors may not be paid and in worst of financial distressed time, the creditors may receive nothing in interest or principal, if the firm files for bankruptcy. The importance of financial-decision making goals is to increase shareholders’ value and to keep them away from financial distress. The Predicting of financial distress is an early warning signal to keep investors from being loss. It has been more than 70 years, since Ramser & Foster, and Fitzpatrich in 1931-1932, and 44 years, since Beaver (1966) but still they have not found the theory... ...earches this paper extends the previous research work done on financial distress. We have used modified Altman Z Score as a proxy for the financial distress. After including the financially distressed and financially healthy firms in our sample, we have seen the effect of financial distress on corporate cash flows. Prior to this work hardly any paper can be seen which studies the impact of financial distress on corporate cash flows, especially in Asian context. Our work adds to the literature in a sense that it not only identifies the financially distressed firms but also measures the effect of financial distress on operating cash flows of the firms listed on Karachi Stock Exchange. Our work also contributes to the literature in establishing a fact that whether the model of financial distress developed by Altman is relevant in Pakistan’s Corporate Environment.

Comparison & Contrast Essay Essay

Christianity and Confucianism are two religions. Although they are not the same in the aspect of their gods, popularity level and roots, they do have similarities, such as their name, derivation and age. The names Christianity and Confucianism both start with a C. However, we can dive deeper into that. Christianity, the name, was born out of the word Christ, part of the name / title Jesus Christ, an important figure to Christianity and its beginning. According to the religion, Jesus was a real person who was a messenger from God. Confucianism has Confucious in it. Confucious was also a real man (philosopher) that had created Confucianism. Both of these religions are not very modern. Some religions, such as Baha’i or Caodaism, came from the 19th and 20th centuries. Christianity and Confucianism, on the other hand, were created around the time of 500 BCE and 33 CE, respectively. Although there is an approximate 500 year gap between their creation dates, Christianity and Confucianism are both old religions. Also, Christianity and Confucianism are both monotheistic religions. In Christianity, followers believe in God, a figure who oversaw everything. Confucianists believe in Ti’en, or heaven. On the contrary, Christianity and Confucianism have their differences, too. Christianity is a religion followed in many parts of the world, including North America, Europe and Asia. Confucianism, though, is mostly used in Asia, or Oriental Asia to be more specific (China, Vietnam, etc). Catholicism has been widely spread, and it has, evidently, been done successfully. Confucianism has remained practised in the same region, and minimally practised outside of Asia. Furthermore, Christianity is the most widely-followed religion in the world, with over 2 billion followers, whereas Confucianism has around 6. 2 million. The difference is huge, with around 325 times more Christians than Confucianists. Another contrast between Christianity and Confucianism is their roots. Even though they were both old religions, as mentioned before, the countries that they were created in were different. Christianity was founded in Israel, more specifically Bethlehem, the birthplace of Jesus (just south of Jerusalem). Confucianism was founded in China by Confucious, who resided in the province of Lu in China. Despite having different gods, numbers of followers and roots, Christianity and Confucianism are similar in their name, derivation and age. They are both interesting religions, and although they do not have the same number of religionists, Christianity and Confucianism are important parts of many people’s lives.

4th Grade Science Experiments

Great 4th-grade science fair projects involve answering a question, solving a problem, or testing a hypothesis. Usually, a teacher or parent helps work out the hypothesis and design the project. Fourth graders have a good understanding of scientific concepts, but they may need help with the scientific method and organizing a poster or presentation. The key to developing a successful project is finding an idea that is interesting to a 4th grader. Experiment Ideas The best experiments usually begin with a question to which you dont know the answer. Once youve formulated a question, you can design a simple experiment to help figure out the answer: Do cockroaches have a preference for direction? Catch and release cockroaches. Which way do they go? Is there a common trend or not? You can try this project with ants or other crawling insects as well.Do colored ice cubes melt at the same rate as clear ice cubes? Add food coloring to an ice cube tray and compare how long the colored cubes take to melt compared to the regular ones.Does magnetism travel through all materials? Put different materials between a magnet and metal. Do they affect how strongly the magnet is attracted to the metal? If so, do they all affect the magnetic field to the same degree?Do all crayon colors last the same? Draw a really long line with one color, then draw the same length of line with another color. Are both crayons the same length?What is the effect of microwaving seeds on their germination rate? Test seeds that sprout quickly, like radish seeds, and different microwave times, such as 5 seconds, 10 seconds, 30 seconds, one minute. Use a control (no mi crowave) treatment for comparison.Will seeds germinate if you soak them in a liquid other than water? You can try milk, juice, vinegar, and other common household liquids. Alternatively, you could see if plants will grow if they are watered with liquids other than water.Make a simple homemade windmill. What is the best number of blades for the windmill?How much salt (or sugar) can a plant tolerate? Water plants with a different solution of salt or sugar. How high of a concentration can the plant tolerate? A related question would be to see if plants can survive if they are watered with soapy water such as leftover dishwater.Do birds have a preference for birdhouse material? In other words, do they seem to care if the birdhouse is made of wood or plastic or metal?Do worms react when they are exposed to light? Do they react differently when they are exposed to different colors of light?Do ants prefer different types of sugar? Test using table sugar, honey, maple syrup, and molasses.Ca n you taste the difference between foods that contain fat and fat-free versions of the same product?Compare the water filtration rate of different brands of coffee filters. Take one cup of liquid and time how long it takes to pass through the filter. Do the different filters affect the flavor of the coffee?Do white candles and colored candles burn at the same rate?Write messages using different types of invisible ink. Which was the most invisible? Which method produced a message that was easy to read after it was revealed?