Preparing a Farm Resource Appraisal Free Essay Example, 2000 words

Farm resource assessment should be accurate in order for the farmers to manage the farm properly. Resource appraisal is a farmer s doorway to the type, quality, and quantity of his resources and the obligations created from these resources. Farming business is generally very liquid but still, the level of liquidity varies. So every farmer must be familiar with all the details of his farm. Therefore, a resource appraisal is an important objective to accomplish. It takes the form of a balance sheet which will be described later. Resource appraisal helps the farmer and other institutions to assess the financial standing of the farm. To prepare a resource appraisal, one must possess adequate knowledge of the assets and liabilities. Assets are simply the property of the farmers from which future economic benefit is expected. Assets can be divided into two categories depending on their liquidity. These two categories are current assets and fixed assets. Fixed assets have a useful life of several years, for example, Land and buildings. Current assets, on the other hand, are short term and have higher liquidity. Cash in hand, livestock and feed are some examples of current assets. We will write a custom essay sample on Preparing a Farm Resource Appraisal or any topic specifically for you Only $17.96 $11.86/pageorder now Liabilities, on the other hand, are the financial obligations created from the assets. Liabilities too can be divided into current and fixed liabilities depending upon the term of their payment. Current liabilities contain obligation that is due within a year such as principal payments of a loan. Liabilities that are due beyond the time frame of one year such as long-term contracts are categorized as fixed or long term liabilities. The basic understanding of assets and liabilities can help in categorizing the items in the resource appraisal. The next step in preparing a resource appraisal is the valuation of assets. All the assets need to be expressed in monetary terms on the balance sheet. Asset valuation depends on the nature and purpose of the asset. Assets with higher liquidity are generally valued at market value while low-liquidity assets are measured by other methods.

Is Google a True Monopoly - 777 Words

Is Google a true monopoly? Abstract Google is arguably the most popular search engine used on the internet. The company offers superior search results and clearly employs workers with innovative ideas that can keep the company ahead of the competition. However Google’s own mission statement requires that it â€Å"Do no evil,† meaning that it has made readily available the tools that have made the company successful. The Justice Department would like to categorize Google as a monopoly, but due to its open book reporting and its development of additional services, proving monopolistic status would be difficult and perhaps ineffective. A monopoly is defined as â€Å"a firm that is the sole seller of a product without close substitutes†Ã¢â‚¬ ¦show more content†¦It was estimated that 1 in every 65 dollars in the economy belonged to Rockefeller. Based on this and other high profile examples, a case can be made against any government regulation. As mentioned before, Google maintains that it does not meet the requirements of a monopoly. It is more likely that they could themselves to be involved in monopolistic competition. In a monopolistic competition, there are many firms that offer similar products or services that are similar but not identical. Google has conducted business in a smart way. When Google entered the internet market, companies such as Yahoo and MSN had been in widespread use. Google began in direct competition with the search engines of these companies. The company gained near immediate popularity due to its simple design and later its more helpful and accurate search results. Over time, Google added email, image searches, You Tube, and most recently its own web browser to compete with Internet Explorer called Chrome. Had Google not chosen to develop these other avenues, the share they hold in the internet search industry could easily be classified as a monopoly. This is because of the way Google of fers search results. The methods used are innovative and while readily available to the competition, according to Google itself, are unique toShow MoreRelatedGoogles Dominance Of The Digital World1096 Words   |  5 PagesGoogle is undoubtedly one of the biggest companies of our time. The company’s search engine has become so popular that we don’t look up things on the Internet anymore, we ‘google’ them. The company’s conquest of the digital business world has led some to argue it’s not just an ordinary company anymore, but rather a monopoly. But what are monopolies and is Google a digital monopoly? If so, should regulators try to find a way to limit them? This guide will look at whether we should be worried aboutRead MoreEssay about Economics of a Monopoly1506 Words   |  7 PagesEconomics of a Monopoly Introduction  ¡Ã‚ §Monopoly ¡Ã‚ ¨ is defined by its market power. Monopolies are always known to possess an exclusive control over its particular market and that gives them the sovereign authority to control the prices for its goods or services (Dictionary.com Unabridged (v1.1), 2006). Hence, they represent the market. They indeed have detrimental effects on consumer and social welfare. In this paper, section 1 will focus on the theory and economics of a monopoly. Section 2 willRead MoreThe Impact Of Microsoft On The Mobile World1189 Words   |  5 Pagesexact pricing or availability has been announced stated. A fundamental economic theory is that a monopoly is a bad thing. When one company, website, or brand dominates the market, consumers are left with unfair pricing, mediocre to poor quality products, and an inability to choose an alternative. In order to prevent this, the U.S. government has a myriad of laws to protect us. Unfortunately, natural monopolies tend to form no matter what, and for much of the technology boom of the past century, that companyRead MoreElectronic Colonialism And Its Impact On The World Essay1197 Words   |  5 Pagesthat is happening this very second in every country of the world. The media (all forms) has a monopoly on our minds; we are influenced by commercials, magazine ads, news stations, and hegemonic search engines. How many times a day do you use Google? Do you know how the search results are organized, and who controls which results you are allowed to view? This is an example of electronic colonialism as Google is the main provider of easy to fin info rmation all over the globe. The first lesson I wasRead MoreGoogle vs. Monopoly1857 Words   |  8 Pages Google vs. Monopoly Content Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.............................................2 Long Journey To Victory .†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦..2 Evil Monopoly †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..3 Conclusion†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦............................................................4 References†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...........................................................6 Google vs. Monopoly Introduction Read MoreThe Neoclassical School Of Influencing Policy Makers Essay1487 Words   |  6 Pagescompetitive markets, the case can be made that monopolies can provide great consumer satisfaction, despite the neoclassical assumptions. The assumption that absence of a competitor indicates firms won’t have a goal is a mistake (Kohn, 1992). First monopolies have the benefit of having supernormal profits unlike those in perfect competitive market scenarios; and these profits can be used for research leading to improved goods. Examples include Google, contrary to the neoclassic curriculum, it hasRead MoreThe Benefits Of Drug Research741 Words   |  3 Pagesaccess the necessary treatment and medicine? After all, the true purpose of your lifetime effort is to cure every cancer patient. In a simple explanation, a patent is â€Å"a document that defines the scope of patent right to exclude others from making, using or selling an invention that is the subject of the patent† (Pienkos, 2004, p. 1). In other words, it is a legal monopoly for a certain product, process or method. When there is monopoly in a market, that market can easily go out of control ifRead MoreGrowth of the Computer Industry Essay1377 Words   |  6 Pagescomputers/laptops in recent times. From 1936 to 1980, computers weren’t mainly used by the public. The very first system was not even considered a computer, but a mere 30 ton numerical calculator that worked through 18, 000 vacuum tubes. â€Å"The first true computers were developed in the US to perform the complex calculations required for the building of the atomic and hydrogen bombs (WSW).† In the ‘60s and ‘70s, the computer was still very similar; it was very large in size and not useful to the normalRea d MoreYou Have Invented A Drug Essay1138 Words   |  5 Pagesaccess the necessary treatment and medicine? After all, the true purpose of your lifetime effort is to cure every cancer patient. In a simple explanation, a patent is â€Å"a document that defines the scope of patent right to exclude others from making, using or selling an invention that is the subject of the patent† (Pienkos, 2004, p. 1). In other words, it is a legal monopoly for a certain product, process or method. When there is monopoly in a market, that market can easily go out of control ifRead MoreECO 365 week 4 Differentiating Between Market structures1186 Words   |  5 Pagesof market structures, Monopoly, Perfect Competition, Monopolistic Competition, and Oligopoly. They are differentiated by the number of firms in the industry, barriers to entry, pricing power of the firm, output decisions interdependence, and whether products are homogeneous (Colander, 2013). Monopoly A monopoly is a situation in which there is a single producer or seller of a product for which there are not close substitutes. The most common example of a natural monopoly would be an Electric (power)

Diploma in Business Management Production Supplies

Question: Discuss about theDiploma in Business Managementfor Production Supplies. Answer: Examples of Pricing Variables There are number variable costs that are associated with the businesses such as cost of direct materials, production supplies, piece rate labor, billable staff wages, commission, credit card fees, freight out and others (Kaplan and Atkinson 2015). Need for Pricing Variables It is important to review the pricing policy of an organization. It helps the company to determine the marketing strategy, formulate marketing mix decisions, and estimate the demand curve, calculation of fixed as well as variable costs, understanding the environmental factors and others (Kaplan and Atkinson 2015). It is an important part of the financial planning of the organization. Identification of Customer Needs It is important for the organizations to understand the needs as well as preferences of the customers. This would make the company to formulate products as well as services which would meet its requirements. There are various ways which can help the company determine the needs as well as requirements of the customer. The company must try to think from the customer point of view and observe the preferences of the customers. A data should be used for the purpose of understanding customer needs such as customer relationship management (CRM) (Neslin 2014). It provides customer analytics regarding their needs. A market research helps the company to understand the needs of customers. Effect of Customer Behavior on the Marketing Mix There are several factors that influence the consumer buying behavior such as cultural, social, psychological and personal. The four elements of marketing such as product, price, place and the promotion are being affected by the behavior of the customers. The consumer behavior determines the quality of the products and the related product attributes. The income of the customers determines the price of the products of the brand (Anselmsson et al. 2014). The accessibility of the customers determines the distribution pattern of the customers. The promotion tool involves the selection of various tools which should be based on the level of exposure of the customers. Statistical Tools There are various statistical tools that are utilized by the company to gather market intelligence data such as click stream data, corporate websites, data mining, data warehousing, dashboards, search engines, trade shows, suppliers and others (Segarra et al. 2016). Use of Statistical Data The statistical data is used by the company to assess the consumer attitude as well as consumer behavior. The channels of distribution can be identified based on type, availability and the effectiveness of the medium. The company would be able to decide the technological advancements that can be utilized and the concerned trade partners. The company can also help to identify the location of the target audience and specific geographic locations that are lucrative for the company. References Anselmsson, J., Vestman Bondesson, N. and Johansson, U., 2014. Brand image and customers' willingness to pay a price premium for food brands.Journal of Product Brand Management,23(2), pp.90-102. Kaplan, R.S. and Atkinson, A.A., 2015.Advanced management accounting. PHI Learning. Neslin, S.A., 2014. Customer Relationship Management (CRM). InThe History of Marketing Science(pp. 289-317). Segarra, L.L., Almalki, H., Elabd, J., Gonzalez, J., Marczewski, M., Alrasheed, M. and Rabelo, L., 2016. A Framework for Boosting Revenue Incorporating Big Data.Journal of Innovation Management,4(1), pp.39-68.

Iono Essay Example For Students

Iono Essay The Metis were partly french and partly indian. Their leader wascalled Louis riel. Following the Union of the Hudsons Bay Company and the North West Company in 1821, trading had been reorganized in order to reduce expenses. Since there was no longer competition in the fur trade, it was unnecessary to have two or more posts serving a single trading district. For this reason, some posts had been closed and the number of brigades reduced. This reorganization had led to some unemployment amoung Metis who for years had been working in the fur trade. The Hudson Bay Company had attempted to assist these these men by encouraging them to engage in farming in what is now South Manitoba. A few families take to agriculture, but most of the metis found it difficult. To them, the excitement and the adventure of the buffalo hunt held more appeal than farming. Hundreds of Metis were content to earn a living by hunting buffalo, making pemmican or finding employment as freight drivers. After a while Canada bought Rupertsland from Hudson Bay Company. When the Metis herd this they were alarmed. They feared their religion,their language, their lands and their old, free way of* life. They had known for some time that Canada was busy constructing a colonists highway from Lake Superior to the Red River. The situation became tense surveyors were sent into the flow of settlers, and it was considered a wise move to have the surveying well under way before settlement began in earnest. It was decided to use a system or land survey similar to that used in the western part of the United States. Townships were to be divided into thirty-six sections, each containing one square mile or 640 acres. The sections were then to be divided into, the quarter-section was thought to be enough land for each family settling in the North West. (An interesting aspect of the survey system was the plan of the setting asside two sections in each township for the future support of education. The id ea to sell these sections at a later date and use the money for the construction of schools.)When the survey began, friction occured in those areas where the french specking Metis had settled along the river, occupying long narrow strips in the manner common in New France. Attempts were made by the surveyors to avoid disturbing the pattern, but in some cases the survey lines crossed the narrow holdings, leading the Metis to believe the their land was being taken away from them. Louis Riel, Mon April 5, 92Louis Riel was the leader of the Metis. He was a black-bearded, handsome young man, the son of the leader of a minor Metis revolt in 1849 against the Hudsons Bay Company. Born in the red River region in 1944, Riel had been chosen as a possible candidate for the priesthood and had stidied at the Jesuit College de Montreal. However, he failed to complete his religious studies and returned to the Red River in 1868, looking for employment. His powers of eloquence and his hot-tempered nature soon made him an outspoken defenter of the Metis.