- Financial Accounting Essay Example | Topics and Well Written Essays - 1500 words

- Financial Accounting - Essay Example See appendix 2 (Clarke 2010, pp. 71). (b): while preparing the cash budget, the sales increase by  £ 3,000 per month has been factored in. On a similar note, the quarterly payment of electricity cost and the reduction of the electricity by  £ 1,000 every month have been factored in. See appendix 3 (Albrecht 2007, pp. 901). (c): Working capital includes cash, inventory, marketable securities and account receivables. It is always advisable for business entities maintain a sufficient amount of cash, since it is the most liquid asset, to enable an entity’s operations to run effectively. Therefore, cash, account receivables and marketable securities are types of working capital that are constantly required to carry out the operations of a business entity. Kawasaki Ltd has two types of working capital under its management. They are the account receivables, the inventories and cash. Though the inventories are not as liquid as compared to cash, they can be converted to cash when the need arises (Bhattacharyya 2004, pp. 29-50). The company has a policy in place to regulate the account receivables. The policy states that the buyers have 30 days after sales to pay their dues. Therefore, the debtors’ payable period is 30 days. The period is short enough to reduce the amount of cash tied up on debts, thus, increases the cash availability for the company. In addition, the policy improves the revenue generated by the company, thus, improves the net income. Second, the company has formulated a policy that would see the inventory levels reduced during the low-demand season. The policy will see the inventory wastage eliminated; thus, eliminate the cost related to such wastage, thus. Improve the revenue. Third, based on the cash budget for Kawasaki Ltd, the cash balance increases every month. From the cash budgets, the cash availability in the company is sufficient enough to support the company’s operations. The cash levels should be

History of Education events Essay Example | Topics and Well Written Essays - 1250 words

History of Education events - Essay Example This had led to suggestions of gathering up all children and forcing them into schools. This history to a large extent influenced the American education system to grow to what it is today. Examining that history gives a glimpse of its achievements so far, and provides a view of the yet to be achieved goals. Among the aspects that influenced this growth include religion, technology, funding and technology, among others (Coulson, 1999). American education and religion Originally, education in America started as a religious affair in the early 1846. The Protestants began it with the sole purpose of teaching their followers on how to study God’s word. This was driven by the belief that every individual had a unique relationship with God. Hence, each person needed to interpret Gods word in their own way. To become closer to God, every individual had to be educated. This was seen in Massachusetts where compulsory schooling was put in place. Initially, Latin academies were put in pla ce later leading to grammar schools, then high schools. This eventually led to the existing system of elementary, middle and high schools. Religion can hence be argued to be the main origin of the American education system (Boers, 2007). Religion also influenced social empowerment and equality in the provision of education. This formed the basis of civil rights activism of the year 1964. It emphasized on the desegregation of schools and treating all men as equals. It also influenced efforts towards eradication of racism. This ensured education for all. American education and students with special needs (disabled and â€Å"gifted†) In the year 1975, education for all handicapped children act was passed into law. It required the provision of quality, fair and appropriate education to all students that were physically challenged. This was supported by the courts and eventually led to a large increase in special education classes. The role of the children with special needs in th e education system was hence appreciated. This is especially because many of these children are gifted in various fields and the education system would greatly help in tapping this resource. The challenge only remained in mainstreaming of children with special needs in schools (Shiber, 1999). American education and funding At around 1826, there was the ‘encouraging era’ whereby the government encouraged the establishment of school districts and went ahead to raise the tax revenues to support them. This trend entailed building government-run elementary schools in districts that agreed to own and operate those public schools. Those districts that did not agree to own such schools were allowed to use public funds to pay for the cost of students who came from the district but schooled in a private, parochial or religious school of their parents choice. This encouraged the development of early education as even those who lacked enough funds would benefit from such an arrange ment. Private investors in the education system would also be encouraged to put more investments in the provision of education The high school movement also had support at the grass root level of local cities and school systems. After the year 1916, the federal government involved itself in vocational education funding. Teacher training colleges were funded by states and religious bodies. These were often called the â€Å"normal schools†