Financial Assignment (Breeze House) Essay Example | Topics and Well Written Essays - 2500 words

Financial Assignment (Breeze House) - Essay Example As a business, the accounts receivables are one the company’s sources of cash. Accounts receivable is like cash in the bank. It shows up as an asset on the balance sheet because it means value in the business. (Muckain, 1998) When looking at the budgeted profit and loss statement of the company (see Table 1), the net income of the company is not stable. This means that revenues and expenses that are incurred for the month are actually revenues and expenses that should have been incurred on a different month. As mentioned, this situation happens because of the long turnover of accounts receivable while the accounts payable are settled within the month. However, the practice of the company of maintaining inventory stocks with a lead time of half of the next month’s demand is commendable, since it is enough to satisfy the demand of the market while preventing over-stocking or under-stocking of inventory. Effective credit control is one way of improving the cash flow of the company. A good credit control system increases sales, reduces bad debts and increases profits. The credit control can also increase the creditworthiness of the company and build confidence in the banks. An effective control system focuses on the accounts receivable of the company. (Brealey, Myers, & Marcus, 2001) It is a practice of companies to allow a delay in payment if it cannot demand cash on delivery. However, the customer’s promise to pay for their purchases constitutes a valuable asset (Tracy, 2002). As a valuable asset, credit must be managed properly and promptly. At Breeze House, the company has overlooked the importance of managing its accounts receivable such that they incurred losses in the long run and acquired problems with the cash flow. This paper recommends implementing a credit control system for Breeze House. The implementation program starts by using control points

An Argument for the Rights of Chimpanzees Essay

An Argument for the Rights of Chimpanzees - Essay Example Women, ethnic and sexual minorities lobby for recognition of their rights as individuals of no lesser stature than any other. Indeed, very few of us would consider them unjust arguments: the days in which women were not allowed to vote, or when ethnic groups were segregated from one another are remembered with a sense of regret. Thus, that men, and women, have sacrosanct and equal rights is rarely disputed, even though in practice work remains to be done to see that these rights are respected. However, the argument for equal rights is limited entirely to the realms of one species of the animal kingdom: Homo sapiens. A review of the scientific evidence regarding the ape, pan troglodytes, known more popularly as chimpanzee, provides a compelling argument for the extension of a number of rights to those apes and demonstrates that past and contemporary ethical discussions of rights have been severely limited and need to be revised. Ethical philosophy draws a distinction between 'animals' and 'man', excluding all other life forms on this planet from its discussions. An example of this can be found in John Rawls' 'A Theory of Justice', where Rawls states that "we should recall here the limits of a theory of justice. Not only are many aspects of morality left aside, but no account is given of right conduct in regard to animals and the rest of nature" (488). Thus Rawls considers 'rights' to be limited in their application to human beings, distinguishing humans as something entirely distinct from the animal kingdom. Rawls does not just exclude other animals from a discussion of rights, but considers any arguments related to the duties of man towards animals to be "outside the scope of the theory of justice" (448). However, as Copernicus removed the earth from the center of the universe, knocking man off his pedestal for the further enrichment of the science of astronomy, so must ethical philosophy abandon all thoug ht of man as occupying a reserved and elitist place above the animal kingdom. Ethical philosophy is still grounded in concepts from the Enlightenment era, before the discoveries of Charles Darwin which revealed that human beings and all other animals shared a common ancestor. Rather than man being something distinct from, and overlord to, other species, humans are in fact close relatives to all other life on the planet. Rawls thus commits a fallacy in distinguishing humans from animals and limiting his discussion of rights to humans. Professor Richard Dawkins, a leading evolutionary biologist, observes that "legal and moral systems are deeply species-bound" (262). Unjustly and irrationally so, considering our evolutionary history. Chimpanzees have the greatest claim to enjoying equal rights to the rest of humanity due to their close evolutionary proximity to Homo sapiens. Dawkins notes that "the last common ancestor of humans and chimps lived perhaps as recently as five million years ago" and that "chimpanzees and we share more than 99 per cent of our genes" (263). In the preceding five million years a number of intermediates between ourselves and chimpanzees have lived, some closer to the chimpanzee, some closer to the human (Dawkins, 263). The chimpanzee is just a short step away along the evolutionary tree of life from human beings. Thus, they surely have the rights to enjoy freedom, security and