Financial Statement Essay Example | Topics and Well Written Essays - 500 words

Financial Statement - Essay Example The vehicles are not a part of the operations for the next three years. The furniture and fixtures are depreciated at a useful life of five years. Equipments are depreciated at four years of useful life and building is also the part of the balance sheet for the first 3 years. The company will invest in buildings once the brand is known to the consumers. The account of reserves of bad debts are to be increased at the rate of five percent of the reserves of bad debt accounts of the previous year. The increase in the cash in hand, cash at bank and accounts receivable is estimated to increase with an average rate of five percent that are subjected to the projected estimates for the revenues. The projections of the sales of the company vary according to the seasonal changes due to which there is a fluctuation in the sales volume of the company on the basis of its monthly accounts. Looking at the cash flow of the company it can be noted that the company does not announced to pay off any of dividends or any additional cash against its current assets, borrowings or long-term assets. It can also be noted that the inflow of the cash relies on the sales of the company. Hence, it can be noted that the cash from the operations of the company and the outflow of the cash is mainly focused to the payments of the utilities, bills and cash spending (AASB 139 Financial instruments: recognition and measurement. 2014).   The company does not intend to create reserves for earnings or dividends to its shareholder.

Nelson and Mr. Head in 20 years Essay Example | Topics and Well Written Essays - 1000 words

Nelson and Mr. Head in 20 years - Essay Example Nelson knows that Mr. Head is really old now and he doesn’t want him to leave this world without seeing other continents. Nelson knew that Mr. Head is old and old people create very strong associations with objects and surroundings. However, he was determined to show him Africa, the way he showed him the city and the Artificial Nigger. Nelson owns a clothing store near his house and is in good business, owns a fat bank account and has contacts that can safely ship them to Africa. The only problem is Mr. Head’s stubbornness. But Nelson is also the grandson of the same stubborn man. He is determined to drag him to another continent and show him around. One fine Tuesday morning, Mr. Head is up earlier than usual and decides to go for a little walk around his house. He grabs his stick, puts on his slippers glances over to Nelson’s room where he’s sound asleep and walks out the door. It’s winters and the morning breeze is chilling. Mr. Head buttons up his shirt to the neck and wraps his free arm around him in an unsuccessful attempt to cover him from the wind. He turns around and takes a look back at his house which is 20 odd yards away from him now and in a moment of perplexity decides to continue his morning walk. All the time he suppresses the voice in his head that it is a bad idea to leave the house in such a cold weather, but there is strange spirit within him that is pulling him forward. Maybe he wants to prove to himself that he is still a man and can take care of himself. He doesn’t want Nelson to escort him to the bathroom, to the breakfast table or to tie his shoelaces. He is feeling tired now, and very cold. His determination is giving up. He is trembling now as he frequently wipes of the mist from his glass with the sleeve of his sweater. Mr. Head is panting and the walking stick is wildly shaking now and he realizes his mistake of leaving home. He shouldn’t have left the house in