Sunday, May 17, 2020

The different objectives of WH Smiths - Free Essay Example

Sample details Pages: 6 Words: 1858 Downloads: 5 Date added: 2017/06/26 Category Finance Essay Type Research paper Did you like this example? Different company have different objective, The WH Smith Company have different objective. This company main objective is to pick up his customer offer and grow the business by renewing existing contact and developing new formats and channels. WH Smith company business focusing things are travel sells a tailored range of Newspaper, Magazines, Books, and impulse products for people on the move and a broader convenience range in hospitals. Don’t waste time! Our writers will create an original "The different objectives of WH Smiths" essay for you Create order The WH Smith Company one of the UKs leading retailers, is made up of two core business presence. The company one of the United Kingdom top retail organisation, is made up two core business which are below (figure no 1) travel business and high street business. Figure: 1 Travel business mainly focusing sells a tailored selection of newspaper; magazines, books, and others fancy products in airports, workplace, motorway service area hospitals, and train station bus station. The High Street sells a wide range of books, stationery, and newspaper and convenience offer of entertainment product according to the customer desire. The WH Smith services are depend on always customer choice on the high street and they are trust convenience retailer for customers at travel locations. Nowadays they have extensive store portfolio operating from 490 travel units and 565 high streets. The WH Smith Companys financial report according to the report base on 2009 the group goes into the year ahea d well-positioned and they are showing us focus on the continued successful execution of them strategic plans. In this year the group argue continued to deliver good performance in the face of challenging economic condition. The company objective was trading environment and reflects the consistent and focused execution of company goal to grow travel business and to build on High Streets positions as Britains most popular stationery, bookseller and newsagent. According to the financial report company continues to have a strong balance sheet and remains highly cash generative. The WH Smith retail group having profitability and cash generation remain priorities in both the travel and high street business. Whsmith directors are responsible for the management of the business of the Company and may exercise all the powers of the Company subject to applicable legislation and regulation, the Companys Memorandum and Articles of Association. The consolidated Group financial statements h ave been prepared in accordance with International Financial Reporting Standards (IFRS) as adopted by the European Union and with those parts of the Companies Act 2006 applicable to companies reporting under IFRS. These are the standards, subsequent amendments and related interpretations issued and adopted by the International Accounting Standards Board (IASB) that have been endorsed by the European Union at the year end. The consolidated Group financial statements have also been prepared in accordance with IFRS adopted for use in the European Union and therefore comply with Article 4 of the EU IAS Regulation. The consolidated financial statements have been prepared on a going concern basis and Business Review. The financial statements are drawn up on the historical cost basis of accounting. The financial information is rounded to the nearest million, except where otherwise indicated. The directors are required by the IAS Regulation to prepare the Group financial statements under International Financial Reporting Standards (IFRSs) as adopted by the European Union. The Group financial statements are also required by law to be properly prepared in accordance with the Companies Act 2006 and Article 4 of the IAS Regulation. International Accounting Standard 1 requires that IFRS financial statements present fairly for each financial year the Companys financial position, financial performance and cash flows. This requires the faithful representation of the effects of transactions, other events and conditions in accordance with the definitions and recognition criteria for assets, liabilities, income and expenses set out in the International Accounting Standards Boards Framework for the preparation and presentation of financial statements. In virtually all circumstances, a fair presentation will be achieved by compliance with all applicable IFRSs. However, directors are also required to properly select and apply accounting policies, present information, including a ccounting policies, in a manner that provides relevant, reliable, comparable and understandable information; and provide additional disclosures when compliance with the specific requirements in IFRSs is insufficient to enable users to understand the impact of particular transactions, other events and conditions on the entitys financial position and financial performance. The directors have elected to prepare the parent company financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The parent company financials statements are required by law to give a true and fair view of the state of affairs of the Company. In preparing these financial statements, the directors are required select suitable accounting policies and then apply them consistently; make judgements and estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed, su bject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the parent company financial statements comply with the companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities, as described more fully in the Corporate Governance Report . The directors confirm that the above requirements have been complied with in the financial statements. The directors confirm that, to the best of their knowledge: the financial statements, prepared in accordance with the relevant financial reporting framew ork, give a true and fair view of the assets, liabilities, financial position and profit or loss of the company and the undertakings included in the consolidation taken as a whole; and the management report contained in this report includes a fair review of the development and performance of the business and the position of the Company and the Group taken as a whole, together with a description of the principal risks and uncertainties that Annual Report,(2009) Annual Report of WH Smith Retrieved on 10 March ,2010 from www.whsmith.co.uk WH Smith , (2010) Official Website Net Profit Margin = Net profit/Turnover * 100 Year 2009 ( £M) Year 2008 ( £M) = 63/1340*100 = 4.7% = 59/1352*100 = 4.4% Return on capital Employed = Profit for the year/Equity share holders fund * 100 Year 2009 ( £M) Year 2008 ( £M) = 63/35*100 = 180 = 59/35*100 = 168.57 Return on capital Employed = Profit for the year/Equity share holders fund * 100 Year 2009 ( £M) Year 2008 ( £M) = 63/35*100 = 180 = 59/35*100 = 168.57 Efficiency Ratio- Efficiency ratios are the financial statement ratios that measure how effectively a business uses and controls its assets. Debtor Collection Period = Debt Collection Period ratio, is the years sales which were outstanding at the balance sheet date, express in days. A rough measure of the days of credit that a firms offers to its suppliers/clients. The formula is as follows. (FT Prentice Hall, 2003) Debtor Collection Period = Average Debtors / Credit Sales * 365 Year 2009 ( £M) Year 2008 ( £M) = 61/1340*365 = 16.61 days = 66/1352*365 = 17.81 days Creditor payment period-This ratio is similar to the  debtors turnover ratio. It compares  creditors  with the total  credit purchases. It signifies the credit period enjoyed by the firm in paying  creditors.  Accounts payable  include both sundry cr editors  and bills payable. Same as  debtors turnover ratio,  creditors  turnover ratio  can be calculated in two forms,  creditors  turnover ratio and average payment period. Formula for Creditor payment period ratio = Average creditors/credit purchases*365 Year 2009 ( £M) Year 2008 ( £M) = 240.5/689*365 = 127.4days = 239/867*365 = 100.61 days Gearing Ratio A term describing a financial ratio that compares some form of owners equity (or capital) to borrowed funds. Gearing is a measure of financial leverage, demonstrating the degree to which a firms activities are funded by owners funds versus creditors funds. Among gearing ratios I want to present 2 Ratios Formula for Gearing = LONG TERM LIABILITES/ EQUITY SHAREHOLDERS FUND Year 2009 ( £M) Year 2008 ( £M) = 25/35 = 0.71 = 24/35 = 0.69 Interest cover- calculation of a companys  ability  to meet its  interest payments  on  outstanding debt.  Interest coverage  ratio is equal to  earnings before interest and taxes  for a time period, often one year, divided by  interest expenses  for the same time period. The lower the interest  coverage ratio, the lar ger the  debt  burden  is on the  company.  Also called  interest  coverage. Formula of Interest cover = Net profit before Interest/ Interest paid Year 2009 ( £M) Year 2008 ( £M) = 84 / 2 = 42 times = 79 / 3 = 26 times Liquidity Ratio Liquid ratio  is also termed as Liquidity  Ratio,  Acid  Test Ratio or Quick Ratio. It is the ratio of liquid assets to current  liabilities. The true  liquidity  refers to the ability of a firm to pay its short term obligations as and when they become due Acid Test = CURRENT ASSETS- INVENTORIES/CURRENT LIABLITIES Year 2009 ( £M) Year 2008 ( £M) = 262-151/281 = 0.39 = 241-147/303 = 0.31 Current Ratio An indication of a companys  ability  to meet  short-term debt  obligations; the higher the  ratio, the more  liquid the  company  is.  Current  ratio is equal to  current assets divided by  current liabilities. If the current  assets  of a company are more than twice the current  liabilities, then that company is generally considered to have good short  financial  strength. If current liabilities exceed current assets, then the company may have  problems meeting  its short-term obligations. Current Ratio formula is:  Year 2009 ( £M) Year 2008 ( £M) = 262/281 = 0.93 = 241/303 = 0.79 Investment Ratio- A ratio that helps to determine whether an investment in a particular entity is likely to be profitable and safe. Dividend per share The  the sum of  declared  dividend for every ordinary share issued. Dividend per share (DPS) is the total dividends paid out over an entire year (including interim dividends but not including special dividends) divided by the number of outstanding ordinary shares issued. DPS can be calculated by using the following formula: Dividend Paid to Equity share holders/Average number of issued equity shares Year 2009 ( £M) Year 2008 ( £M) = 78/155 = 0.50 = 23/167 = 0.13 Earnings per Share The portion of a companys profit allocated to each outstanding share of common stock.  Earnings per share  serve as an indicator of  a companys profitability. Formula Profit Available to equity share holders/Average no. Of issued equity shares Year 2009 ( £M) Year 2008 ( £M) = 63/155 = 0.40 = 59/167 = 0.35 In my opinion this trading environment, they depend more than ever on the commitment of them management team, staff and suppliers. They could not have achieved these results without their support. It particular thanks go to WHSmith staff in all areas of the Group, who have worked hard to deliver this set of results. The Groups commitment to corporate responsibility (CR) remains just as relevant in difficult economic times, with the CR programme contributing to our risk management and overall business efficiency. I am pleased to write of this WHSmith company report that they have continued to make progress with company CR objectives, whether improving environmental efficiency by reducing energy consumption and waste, improving the forestry standards of company own-brand timber and paper products or maintaining their support for literacy projects. The WHSmith efforts continue to be recognised in the Business in the Community CR Index, where they are proud to have been awarded the highest ranking, Platinum, for the second year running.Whilst they do not anticipate any significant changes to the economic environment in the short-term, At last they believe that group goes into the year ahead well-positioned and they remain focused on the continued successful execution of their strategic plans.

Wednesday, May 6, 2020

Breast Cancer Essay - 642 Words

Breast Cancer Breast Cancer is a cancer that forms in tissues of the breast, usually the ducts (tubes that carry milk to the nipple) and lobules (glands that make milk). It occurs in both men and women, although male breast cancer is rare. Anyone women could be at risk for breast cancer but, there are factors that make some women more susceptible to breast cancer than others. A risk factor is anything that affects your chances of getting a particular disease. Some can be controlled and some can’t. The ones you can control are genetics or family history, and environmental exposures or behaviors that might have happened in the past. The current and future behaviors can be controlled like exercise and a good diet. You also need to watch†¦show more content†¦There have been cases were a man will get breast cancer and it is rare but it has happened. Men do need to check the same areas women do just to make sure that if they would get it that it could be caught soon enough. Exercise will help prevent the chances of getting breast cancer as well, studies show that exercising about 2 hours per week (swimming, walking, jogging, hiking, and riding a bicycle will reduce a women’s chance of getting breast cancer by 20%. Early detection is the key to beating or fighting a chronic disease like breast cancer and any other cancer or disease out there. Finding it early enough makes it easy for your body to fight it off and beat it and it also makes it easier for the doctors to help you beat it. There are also ways to make sure that you keep an eye on things yourself and that is by self-examination and the doctors say that every woman needs to do this at least 2 a month. If there is ever any doubt and you think that something is wrong then make a doctor’s appointment right away. In conclusion, besides skin cancer, breast cancer is the most commonly diagnosed cancer among American women. Just fewer than 30% of cancers in women are breast cancers. T hat is why it is important to do self-examinations and always go to doctors’ visits to make sure you are healthy. We’ve all heard the saying â€Å"your life depends on it† well this is very true for women when it comes to breastShow MoreRelated Breast Cancer Essay1204 Words   |  5 Pages BREAST CANCER I) Anatomy of the breast nbsp;nbsp;nbsp;nbsp;nbsp;The breast is a gland designed to make milk. nbsp;nbsp;nbsp;nbsp;nbsp; II) What is breast cancer? nbsp;nbsp;nbsp;nbsp;nbsp;Breast cancer is an abnormal growth of cells. nbsp;nbsp;nbsp;nbsp;nbsp;These abnormal growths are called tumors. Not all tumors are cancerous. nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;Non-cancerous tumors – benign nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;CancerousRead More Breast Cancer Essay1235 Words   |  5 PagesBreast Cancer Cancer is one of the leading causes of death in the United States. There are many different types of cancer that are affecting people all over. 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Women are now surviving breast cancer a lot more frequently becauseRead MoreEssay on Breast Cancer1788 Words   |  8 Pages Breast cancer is the most common type of cancer in women, it accounts for one of every three diagnoses in the United States. Breast cancers are malignancies, life threatening tumors that develops in one or both breasts. A female breast consists of fatty and fibrous connective tissues. The interior of the breast is divided into about twenty different sections called lobes. Each of the lobes is further divided in to lobules, which are structures that contain small milk-producing glands. These glandsRead More Breast Cancer Essay2259 Words   |  10 PagesBreast cancer is the second most common cancer in the world (Breast). Every three minutes a woman is diagnosed: one in eight women will have breast cancer (Walgreens, 2011; Chen, 2010). â€Å"I have to admit, like so many women, I always knew there was a chance. But like so many women, I never thought it would be me. I never thought Id hear those devastating words: You have breast cancer. â€Å"- Debbie Wasserman Schultz, a democratic representative of Florida (2011). Mutations turn genes on and offRead More Breast Cancer Essay2949 Words   |  12 PagesBreast Cancer Breast Cancer Prevention Every year for the last fifty years the number of cases of breast cancer in women has steadily increased. The only cancer that claims more womens lives in the United States is Lung Cancer. (http://rex.nci.nih.gov/NCI_Pub_Interface/raterisk/rates42.html) This naturally causes concern among women, and thus the question of prevention is immediately asked. With prevention of lung cancer, the easiest and most effectiveRead More Breast Cancer Essay742 Words   |  3 PagesBreast Cancer The thought of having breast cancer is frightening to every woman, and devastating to some. However, ignoring the possibility that you may get breast cancer, or avoiding the things you should do to detect and avoid cancer, can be even more dangerous. Breast cancer is a devastating disease that may affect one out of nine women in the United States. This year alone, a patient will be diagnosed every three minutes and a woman will die from breast cancer every thirteen minutesRead MoreBreast Cancer Essay1578 Words   |  7 PagesBreast Cancer in The United States: The Role of Diagnostic Imaging in Early Detection and Treatments Breast cancer is the second most common type of cancer among women in the United States. In the early 20th century, radiography was first used to image breast tissue from mastectomy specimens to study breast cancer (BrCa). 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In the US, it is the most common, and the leading cause of cancer related deaths among women between 45 – 64 years of age (Clegg et al., 2002; Ward et al., 2008). Early detection and improved treatment procedures have resulted in gradual decline in the number of deaths caused by the disease since 1990. Nevertheless, in 2009, the estimated death toll for the disease was 40,170 (American Cancer Society, 2009). The gravity

Power Speaking for Obligations and Goals -myassignmenthelp.com

Question: Discuss about thePower Speaking for Obligations and Goals. Answer: No 1. Causes of Self-Consciousness Consciousness is among the philosophical techniques of how different people reason about themselves. It creates a sense of awareness of the surrounding. Self-consciousness is the extension of the state of consciousness to oneself. It strengthens and talks more of whats inside the person. In the case of self-consciousness, one is made aware of their inside part even the small issues other people may not see or understand an adolescent is seen as the most appropriate time for people to realize and exercise their self-consciousness highly (Blanke, O. et al 2015). Self-consciousness is caused by unpreparedness of the speaker and lack of previous knowledge of the subject, which makes them feel guilty and ashamed of wasting their audience time. It is sometimes accompanied by pride and shyness such that the person cannot stand and say something formally in front of an audience (Roerink et al 2015). This can result to disappointments among the presenters which may discourage them from participating again. On the other hand, self-consciousness can positively transform ones self-esteem and develop their identity hence give them courage since they get a good test of their abilities and understanding. Self-consciousness is also caused by how we understand our responsibilities and obligations, goals and standards for completing a certain task before us. It normally comes into ones mind whenever they have a certain role to play, which may involve audience or their friends. Whenever they imagine on how to undertake it, now the question burns in their heads asking them who they are and how they would look like in front of people. With this feeling of oneself, a sense of self-consciousness is developed. It is proved beyond doubt that high levels of self-conscious are mostly developed among the youth at the adolescent stage as this is the time they realize who they are and start experiencing high levels of pressure, especially from the social dimension. No. 2: Effects of Moderate Excitement Another feature that always affects presenters whenever they are on the stage is the excitement. This may be referred to as the mental arousal of ones feelings which extends the conditions to the whole body to such a point where it cant be controlled. It is also compared to the butterflies in the stomach as there is always an unsettled condition among the participants. Excitement may generally be defined as that state of physiological arousal. Moderate excitement is always temporary and has a great impact on both the speaker and the audience since an excited speaker will automatically excite the audience and generally make them lively. This drives them to a state of stability such that everyone feels comfortable. Excitement also affects both the presenter and the audience in making them more likely to take actions due to the provision of perfect conditions in the body and this applies most in the case of marketing where customers get convinced to make purchases from the feeling and pleasure given to them (Oda, S., Shirakawa, K. (2014). This type of physical arousal increases the heartbeat, resulting in increased activity of the overall nervous system, which enables the brain to send signals for the production of body hormones. Excitement affects peoples emotions making them powerful and granting some authority which mostly affects their decision making process and mechanisms applied in judging issues. Those under the influence of excitement are likely to make decisions even without much thinking and thus they sometimes end up making the wrong decisions. It can take up to 20 minutes for the excitement spirit to pass (Burza et al 2016). No. 3: Fundamental Requisites of Acquiring Self Confidence Self-confidence cannot be achieved just by a single day but it takes a process to be attained. There are two fundamental requirements which are very vital in acquiring self-confidence in order to be in a position to stand and give a speech in front of people, May it be motivational or for marketing purposes. Before going before the audience, one must be prepared psychologically and physically in a recommendable attire as well as having full knowledge of the previous topic/subject which will not portray bad reputation to the listeners (Epstein, S. (2013). The first fundamental requirement for acquiring self-confidence is expecting success after preparing for it. Actually after thorough preparation, one should not be afraid of anything rather than expecting good results from the overall performance. One should have hope and automatically erase the feeling of failure from their minds, practicing the highest level of humility before the audience. Over-confidence leads to destruction and the audience may get annoyed to the extent of not answering questions as asked to them by the speaker. The second requirement is the assumption of mastery over ones audience where the speaker will assume that what they are talking about is very positive and benefiting all the audience even if it is not the case. This strengthens the capacity of argument by the speaker and the direction of the speech in general. In this case, the speaker should always put into consideration speaking the truth so as not to lead the audience astray. Make sure that your courage cant be confronted by the audience under whichever circumstances. Self-confidence requires one to enhance pauses in between the speech to give listeners room for meditation. Most Important Requisite The most important requirements between the two discussed above is that of confidently expecting to be successful as this increases the excitement and enables the speaker fell relaxed and free when giving the speech. They are very sure that what they are doing is benefiting every listener in the audience group. They also have total faith that the decisions they make are always good and not externally altered (Seyfarth, S. (2014). No. 4: Effects of Confidence on Part of the Speaker to the Audience Confidence on the part of the speaker enables the audience to believe what is being spoken about by the speaker. The audience needs all the focus, maintenance of eye speaker-audience contact playing a major role during the transmission of ideas from the speaker to the audience. A confident and presentable speaker before the audience will initially capture the attention of the audience even before saying anything. They will, therefore, expect much even before it is spoken to them from the way they see the courageous speaker who is fully prepared with the message in front of them. Speakers confidence enables the audience to easily believe what is being taught to them even if its not true and they are easily convinced and persuaded by the decisions made by the speaker without hesitation (Jiang Pell, 2015). No. 5: Speech on Confidence and cowardice There are two basic aspects which determine the success or failure of a speaker in different ways. The speaker may be a coward such that they fear or are unable to stand in front of people and say something of substance to them, or be very confident in such a way whenever they go before the audience they are fully composed and able to deliver as per their audience expectations. Confidence simply means the feeling of self-assurance that what someone does is good and beneficial to them as well as their audience. It is accompanied by a feeling of certainty where fear is not the portion of the speaker (Mathew Boyd, 2014). Both confidence and cowardice are experienced and witnessed in public speaking for they portray themselves interchangeably, meaning that where there no confidence, cowardice is prevailing. They are directly opposite words which signify the condition of the speaker while in front of the audience. Coward people stand in front of an audience to discuss lies that even an old person will realize that they are lies and vow not to listen to such kind of speakers again whereas, for the case of confident people, they stand to testify the truth of the matter, justifying through various solid examples. (Wadlington, 2015). Cowardice limits the speaker from sharing what they have to the audience and this leads to the reduction of the audience attention and after all they term the speech as boring. They normally come to give speeches they have not practiced, even without the knowledge of the previous business. Most of the coward leaders always claim that they are not ready and did not know whether they will be expected to give a speech or even they pretend to have forgotten about the event. References Blanke, O., Slater, M., Serino, A. (2015). Behavioral, neural, and computational principles of bodily self-consciousness. Neuron, 88(1), 145-166. Burza, S., Mahajan, R., Marino, E., Sunyoto, T., Shandilya, C., Tabrez, M., Casademont, C. (2016). Seasonal effect and long-term nutritional status following exit from a community-based management of severe acute malnutrition program in Bihar, India. European journal of clinical nutrition, 70(4), 437 Centers for Disease Control. (2013). Make a difference at your school. Epstein, S. (2013). Self-Esteem from the Perspective of Cognitive-Experiential Self-Theory. Self-esteem issues and answers: A sourcebook of current perspectives, 69 Jiang, X., Pell, M. D. (2015). On how the brain decodes vocal cues about speaker confidence. cortex, 66, 9-34. Mathew, S., Boyd, R. (2014). The cost of cowardice: punitive sentiments towards free riders in Turkana raids. Evolution and Human Behavior, 35(1), 58-64. Oda, S., Shirakawa, K. (2014). Sleep onset is disrupted following pre-sleep exercise that causes large physiological excitement at bedtime. European journal of applied physiology, 114(9), 1789-1799. Roerink, S. H. P. P., Wagenmakers, M. A. E. M., Wessels, J. F., Sterenborg, R. B. T. M., Smit, J. W., Hermus, A. R. M. M., Netea-Maier, R. T. (2015). Persistent self-consciousness about facial appearance, measured with the Derriford appearance scale 59, in patients after long-term biochemical remission of acromegaly. Pituitary, 18(3), 366-375. Schultheis, K. J. (2016). A betrayal of confidence. Skeptic (Altadena, CA), 21(4), 62-64. Seyfarth, S. (2014). Word informativity influences acoustic duration: Effects of contextual predictability on lexical representation. Cognition, 133(1), 140-155. Wadlington, W. (2015). The Confidence Game in American Literature. Princeton University Press. Yilmaz, S. B. (2014). The feminist ideology of an academic woman in Margaret Drabble's The Millstone. Journal of Research in Gender Studies, 4(2), 495.