Answer 2 questions Essay Example | Topics and Well Written Essays - 250 words

Answer 2 questions - Essay Example This was contrary to the England’s Protestants where he contended that, once the Irish children (who constituted the biggest population) attain the age of maturity usually resulted to being thieves. Since, they could not beg like their mothers in the streets. Swift groups the entire population in two broad groups, which is according to their nationalities besides their denominations and economic stability. The Irish, which are the Catholics normally in his work, represent the lower class of beggars who should sell their children while young to revive both the state and their economy. He also compares the children of the wealth English people with those of the Irish where the latter are many and mainly languishing in abject poverty. In addition, Swift compares the two denominations where the catholic’s population is exceedingly poor contrary to the Protestants. This is evident from the Swift’s mode of salvaging both the poor and the state’s economy, where he suggests selling of children while at a tender age. Since, at this stage they are fat and can fetch considerable money, hence encouraging intimacy among the Irish couples besides becoming economically stable (Swift). Unexcused absence in learning institutions over the years up to date has become an unsolved issue despite both parents and instructors’ efforts in reporting the truants to the relevant authorities. This is not an effective solution because the truants despite the immense coercion from both the relevant authorities and instructors continue to be absent. Hence, hardening them to the extent of becoming potential criminals where dealing with the law does not scare them. The most effective solution will entail assigning them diverse responsibilities in school where they will not be able to avoid the interaction with the instructors. These responsibilities encompass being student leaders and hold other posts where they will not have

Pacific Precision Financial Situation Essay Example | Topics and Well Written Essays - 750 words

Pacific Precision Financial Situation - Essay Example Pacific Precision's increasing NWC can be examined by looking at the components of this financial measure. Appendix 1 shows how this is computed for the years 2002-2004. What becomes apparent is the increase in days' sales outstanding and days' sales of inventory. The increase in days' sales outstanding indicates the inefficiency of the company in collecting its accounts receivable. Having its sales tied up in accounts receivable for a longer period means that it doesn't have adequate cash to cover its immediate obligations. Meanwhile, the increase in days' sales in inventory shows that Pacific Precision is not very efficient in moving its inventory into sales. This has negative implications-the company incurs holding cost of inventory and its current asset becomes bloated with less liquid resources. These two ratios simply imply that the company's inefficiency makes it less liquid and hindering it from paying its current creditors, and thus, a higher NWC. 2. 2. What is your assessment of Pacific Precision's profitability Keeping in mind that there are many ways to measure profitability (net income, ROS, ROE, ROA, EVA, etc.), what observations would you make about adequacy One of the ultimate measures of Pacific Precision's profitability is its computed return on equity (ROE). It should be noted that the main goal of a business organization is to maximize shareholder value which is, in turn, measured through the ROE. In order to gain an adequate assessment, the company's ROE must be benchmarked with the other players in the industry. Appendices 2 and 3 show the computed ROEs of Pacific Precision and its competitors from 2002-2004. It should be noted that Pacific Precision's ROE is in an uptrend during the period under consideration. During 2002, the company records a 12% ROE which mounts to 13.34% and 18.18% in 2003 and 2004, respectively. This becomes a good indication of the company's performance as it reflects its ability to enhance its profitability. However, in the benchmark analysis, it can be seen that the company is performing worse than its two competitors. In fact, Company #2 even manages to record an ROE of 20.7% during 2004. Even though Pacific Precision's profitability is improving, it should be noted that it lags behind other industry players. 3. It appears that Pacific is increasingly dependent on short-term debt. What is driving this use, and is it in your estimation a relatively minor or a serious issue for management Over the past years, Pacific Precision has been becoming overly dependent on short-term debt. One reason that the case states is the company's previous attraction to the low interest rates on yen short term loans. However, interest rates have increased making these short term debts escalates. The dependence on short term, debt can also be attributed to the company's inefficiency in managing its working capital. As stated