The Black Horn - 1355 Words

The words that Cassandra shouts as she is led toward her death present a curiously incomprehensible riddle. At first, everything seems to make sense: Agamemnon correlates to the bull and Clytemnestra to the cow, but when we look at passage more closely, we see that Cassandra describes the cow as the one having the horn that gores the bull, and, even more curious, the horn isn’t white, but black. I suggest that this passage, or riddle, reveals the conflation and shifting of gender roles as demonstrated the king and his queen, as Agamemnon is often interpreted as effeminate and Clytemnestra masculine. Furthermore, the most bizarre part of the passage is the black horn. I think it represents the crux of Clytemnestra’s power, as a horn is a marker of maleness in cattle, it marks Clytemnestra’s strong masculine power; that the horn is black, though, situates it in the realm of feminine power and control, as black is the color of the feminine earth, where the Furies re side. In order to better understand the metaphors and riddles used in the above passage the audience must have a little more understanding of the characters involved. Cassandra is a prophetess of Apollo and the daughter of King Priam of Troy. She has been taken from Troy and brought as Agamemnon’s concubine. She has the gift of prophecy and the curse that no man will believe the truth she sees and tells. She is able to see, experience and become emotionally involved with her visions. Through her foresights theShow MoreRelatedThe Life Of The Black Horn Route1233 Words   |  5 Pagesopportunities that California had to offer, they had to embark on and endure the onerous journey to California. Through the tough terrains, survival was difficult. Many of the travelers chose the route that took five to seven months through the Cape Horn route, and the Isthmus of Panama which was difficult due to a small boat and mule. Another way of traveling was on land with wagon or on foot, going thr ough deserts and plains with the difficulty of keeping their family safe and free of disease. ManyRead More Dehorning Black Rhinos Essay1094 Words   |  5 PagesDehorning Black Rhinos Dehorning black rhinos helped save them from extinction in the early 1990s from poachers because the armed guards patrolling the National Parks did not prove to be effective. Another way to preserve the rhino is to find substitutes for the horns. Black rhinos, also known as the hooked-lip rhino, were poached mainly for their horns in the early 1990s, which led to the rhinos near extinction. The black rhino once roamed the extent of Africa’s sub-continent. Now theRead MoreEndagerment of the Black Rhino1326 Words   |  5 PagesEndangerment of the Black Rhino The first thought that comes to mind when a person mentions a rhinoceros is that they are huge and nearly indestructible; however, this is not the case at all. The population of the black rhinoceros and other rhinoceros’ in general is quickly diminishing due to poaching and habitat destruction. In Kenya alone, the population has gone from 20,000 to less than 600. Their species is classified overall as critically endangered while the subspecies of Western Black Rhinos hasRead MoreShootings Test Limits Of New Self Defense Law By Ralph Blumenthal946 Words   |  4 PagesLimits of New Self-Defense Law† by Ralph Blumenthal tells the story of Joe Horn, a man in Texas, who shot two men in what he claimed was self-defense under the recently instated â€Å"castle doctrine.† On November 14, 2007, Joe Horn, a sixty-one year old retired man, was at home when he saw two people breaking into his neighbors’ house. Horn then called 911 and retrieved his shotgun. While on the phone with the emergency operator, Horn was told to stay inside and wait for police, but when he saw the two menRead MoreAfricas Western Black Rhino: An Extinct Species692 Words   |  3 Pagesis Africas Western black rhino (Lavina, 2013). The black rhino is the smaller of the two African rhinoceros species and are further divided into four subspecies including the Western Diceros bicornis longipes, Eastern Diceros bicornic michaeli, Southwestern Diceros bicornis bicornis, and the South-Central Diceros bicornis minor (Factfile: black rhino, 2013). Black rhinos stand at approximately 1.6 meters high, can weigh between 900kg (female) to 1,350kg (males), have two horns that vary in shapeRead MoreThe Black Rhinoceros ( Diceros Bicornis )1548 Words   |  7 PagesBlack rhinoceros (Diceros bicornis) Eric Chiaramonte SNHU â€Æ' Literature Review In the 1970’s the Black rhinoceros’ (Diceros bicornis) population could be numbered at around 70,000 (Black rhinoceros, 2016). Today there are fewer than 5,000 of these animals left due to overhunting and poaching (Black rhinoceros, 2016). This literature review to highlights information relevant to conservation efforts with regards to the black rhino. It looks at relevant articles from four reputable journals andRead MoreThe Battle of the Little Bighorn Essay1532 Words   |  7 Pagesprominent battle of this war was the Battle of Little Big Horn, due to the amount of casualties taken by the U.S. 7TH Cavalry led by General George Armstrong Custer. The Native American tribes that defeated the 7TH Cavalry were led by Sitting Bull of the Hunkpapa Sioux. The battle that occurred at the Black Hills of South Dakota was a result of looking for the prospect of gold in the area2. History: To understand the battle of Little Big Horn and the decisions made on the battlefield, one mustRead MoreAsk Your Mam 12 Moods For Jazz911 Words   |  4 Pagesupbeat feeling during certain points of the poems. In Ask Your Mama: 12 Moods for Jazz, all of the twelve pieces have a connection to each other in various ways. The connections involve the degree of suffering, money, or success. In â€Å"Ode to Dinah† and â€Å"Horn of Plenty,† Hughes exhibits all three of these connections, both in similarities and differences. Suffering is a concept that can be seen through every one of the works in Ask Your Mama: 12 Moods for Jazz. In â€Å"Ode to Dinah,† the suffering componentRead MoreLakota (Sioux) Indians and Creation Essay1549 Words   |  7 Pagesmore. Maka told the people who were doing as they should to come inside her, while she again brought catastrophe, this time the Ice Age. Later the ice melted and the water became the rivers, and lakes (Hollow Horn Bear). More time passed, and one day the trickster Iktomi walked amongst the Black Hills. At this time in history, the world was full of huge creatures. Iktomi, for fear of being trod upon by one of these creatures, hid in the bushes, here he heard a heavy breathing. He did not hear anythingRead MoreRhino Poaching And The Exotic Animal Trade1493 Words   |  6 Pagesbeen using rhino horn medicinally for generations. Would they be willing to change their entire lifestyle to save the existence of a species? I analyzed an image created by the World Wildlife Fund that addresses rhino poaching and the exotic animal trade. There are two subjects in this image, the rhino and those within the rhino. The rhino is being captured by people, but at the same time, its horn is already being removed. I think that this represents the huge market for rhino horn. We are collecting

Questions On Meeting On Monday - 2681 Words

201 Name: Morgan Sharp Exam 4 As discussed in the class meeting on Monday, this is the electronic version of the examination due on Wednesday, December 10, by 4 p.m. (extended from the December 8 date listed on the syllabus). The course meeting on Monday, December 8 will be devoted mainly to questions you may have regarding the development of your answers. Please use this form for answering the questions. Note that you can expand the space available for any answer. Answers must be TYPED. References to your source for information must be included; note that if the question is about Heckenberger s book, page numbers are crucial (although NOT crucial for the other books). Print one-sided and paper clip together. (Do not staple.) The†¦show more content†¦Therefore, the history of the Xinguano is traced back to the starting point of the diaspora of the southern Amazonia, when specifically Arawakan languages was present among early speakers. This spread across the Amazon and contiguous areas, and established f undamental Xinguano culture patterns, â€Å"in terms of economy, technology, spatial organization, and regional distributions.† (Heckenberger, PG 324). Heckenberger makes it clear that despite the diversity of the Xinguanos due to their permeable spatial boundaries, there is a distinct connection that links to the Arawak groups through the regional cultures (Heckenberger, PG 49). The Arawak diaspora ultimately began in the Xingu basin, and as it spread outwards, it culturally shaped the Xinguanos. 2A. According to Heckenberger, how long has the society he is analyzing been in existence and in what manner does archaeology help prove this? (3 points.) Xinguano cultural history can be traced over the past one thousand years in the Upper Xingu region, as shown in the title of Heckenberger’s book. Specifically the term cultural history is vital to this claim, because even though there may have been inhabitants/human occupation in the land that has lasted over 1,000 years, it does not imply that there was society, because society relies on power/a state/government and social class. He also supports this claim of existence when stating, â€Å"This work aims to

Greener Forms of Generating Electricity Free Essays

A power station is a facility which is used to generate electric power. iAt the center of nearly all power stations is a generator, a rotating machine that converts mechanical energy into electrical energy by creating relative motion between a magnetic field and a conductor. In Bosnia there is a lot of hydro power plants, the biggest ones are: Grabovica, Jablanica, Salkovac, Visegrad etc. We will write a custom essay sample on Greener Forms of Generating Electricity or any similar topic only for you Order Now There are three different types of power plants, thermal power plants, hydro power plants and solar power plants. In order to make our lives and the lives of our offspring better, we need to investigate and design new greener ways of converting mass amounts of energy into electricity. Solar power plants use an endless power, which is the sun. Beams from the sun hit mirrors which convert the suns energy into electricity. Approximately, every 7. 2 hours, 3. 6kWh electricity is produced. Solar power is clean and green and it can provide enough energy. However, the downside to this type of power is that it isn’t cheap. Building a single mirror of 3. 8 meters by 1. 6 can cost up to $60. 00. These mirrors are state of the art which capture the suns light, and turn it into energy. Thermal power plants are bad for the environment because they contribute to global warming by burning fossil fuels. These power plants are still in use today, because they provide a lot of energy and coal is cheap, so it can be burned in large quantities. Most houses today are supplied either by thermal or hydro. Thermal is very bad for the environment and since the industrial revolution kicked in global temperatures have been rising. Another type of power is wind power. Wind turbines are rotary devices that get provide energy using the air. This type of technology is not to be sniffed at as wind power can sometimes provide more energy than burning coal. There is a downside to this as well. Staying green and using wind powered turbines can cost a lot of money. Staying green and investing in these ideas will matter in the future. By burning excess fossil fuels we are creating green house gasses which are heating up the planet, thus destroying a lot of environments. (2) In Bosnia, the biggest hydro power plant produces around 170. 00 cubic meters of water that reach speeds of 60 km per hour. This is enough water to fill up around 100. 000 Olympic swimming pools every day. Hydroelectric stations have been up and running for about 100 years, and since been scientists have been searching for a way to harvest the energy better. The main idea behind these power stations is to convert the energy of flowing water into the flow of electrons or electricity. Most hydroelectric stations use either water diverted around the natural drop of the river such as a waterfall or rapids. In addition to this a damn is also built across the river to raise the river to create the drop needed to provide a force. Water in the higher level is collected in the reservoir, which flows into the pipe called the pen star which carries it down to a turbine water wheel at the lower water level. The water pressure increases as it flows down the pen star, it is this pressure and flow that drives the turbine which is connected to the generator. Inside the generator is the rotor which is spun by the turbine. Electro magnets are attached to the rotor located within coils of copper wires called a starter. AS the generator rotors spin the magnets, a flow of electrons is created in the coils of the starter. This produces electricity that can be stepped up in voltage through the stations transformers and sent to this transmission lines. The following water the proceeds down the river. Most of our energy comes from the spinning of the rotor of the AC generator in power stations like Nuclear power stations, thermal and hydro power stations. An AC generator is a device which converts mechanical energy into electricity. The working of an AC generator is based on electromagnetic induction which states that whenever the flux passing through a circuit changes, an EMF is induced in it and a current begins to flow. The direction of this is given by Lenz`s law or Flemings right hand rule. Lenz`s law which is more commonly used states that the direction of the induced current is such as to oppose the very cause producing it. (1) In our homes we use open electrical circuits which is very important as with them we do not use direct current. If we were to use direct current many more fires caused by electricity would happen and appliances would not function well and they would simple burn out. We need electric circuits for everything, they are what keeps our appliances running safely. Today using thermal power plants is a big problem as it affects many factors. Countries in the EU have to follow certain conduct when it comes to power plants. For instance Nuclear power plants have to have the right materials, funding etc, thermal power plants have to have filters, can`t produced to many greenhouse gasses etc. the waste that comes out of these plants are often dumped into the rivers or oceans, this kills a lot of marine wildlife which local farmers depend on. These power plants also affect our environment; they can both help and destroy our environment. The waste produced in power plants is often thrown out in the forest, or lakes and seas. On the other hand solar and wind power can help with the environment by providing a clean way to get energy. How to cite Greener Forms of Generating Electricity, Papers

Revenue Recognition Rules and Scenarios

Question: Discuss about the Revenue Recognition for Rules and Scenarios. Answer: Introduction: In the context of business, stakeholder means a person who possesses some sort of interest in the business of a firm. The interest of the stakeholder could be financial or non-financial. In the current case of Big Business Tobacco (BBT) which is a company engaged in the manufacturing and selling the tobacco products, the major stakeholders could be shareholders, management, customers, government, lenders, and the society (Carroll, Brown, and Buchholtz, 2017). The shareholders are directly interested in the success and failure of the company while the government is indirectly interested. The government levies taxes on the income earned by the business, therefore, through indirect, but the interest of government lies. Further, the customers and lenders are also financial interested in the business of the company. However, the society which consumes the products manufactured by the company is indirectly interested in the business of the company. In the current case of BBT, the managemen t of the company is considering the issue of inclusion of health warning on the packet of cigarette. The major stakeholders which are getting affected by this issue could be identified as management, shareholders, and the consumers. Identification of the Ethical Issues The debate in the current case is on the issue of inclusion of health warning on the cigarette packs. The marketing manager contends that inclusion of such a warning would result in a loss of considerable market share which will ultimately affect the bottom line of the company adversely (CTI, 2016). On the other hand, the public relationship manager considers that not putting the health hazard warning on the cigarette pack would be unethical and detrimental to the consumers interest. The cigarette is considered to be one of the most hazardous tobacco products to the human health. Thus, public relationship manager considers that disclosure of warning on the pack is necessary to make the consumers aware of the adverse impact of cigarette consumption on the health (Gore, 2015). The management is in dilemma as to whether the health warning should be included on the cigarette pack or not. The inclusion of health warning potentially affects the profits adversely but at the same time it also safeguards the public interest and meets the corporate social responsibility requirements. On other hand, if the warning is not included, the profits will get boost up, but at the same time it will breach the corporate social responsibility requirements and affect the public interest prejudicially. Thus, the main issue before the management is to find out a way so that proper balance could be struck out between the interest of shareholders and the consumers (Gore, 2015). Randall Hedges is the public relationship manager in BBT. Being a public relationship manager, he talks in the favor of the public interest or the consumers welfare. However, the views of Randall Hedges appear to be meticulous and ethical. In his views, the company would be benefited in the long term if it complies with the corporate social responsibility requirements by conducting its business in public interest. Therefore, if the company gives health warning on the cigarette pack, it would be advantageous for it in the long term. Further, he argues that the demand of the companys products in Australia is unaffected by that disclosure of health warning. This suggests that disclosure of such a warning will not affect revenues of the company adversely by a big margin (Carroll, Brown, and Buchholtz, 2017). The suggestions given by Randall seems to be appropriate and ethical, thus, if I was in the position of Randall, I would have given the same suggestions to the company. Further, it could be noted that though it is not obligatory for the company to make warning disclosure on the cigarette packs in some of the Asian Markets as of now, but it would be made some day. Considering the public interest and consumer awareness concerns, the government in the Asian countries may take steps to make it compulsory to disclose warning in the packs. Thus, the company would have to comply with it not now but at some later point of time. However, if it complies with this now, it could help the company build good perception of the consumers, which will positively affect the demand in long term (Carroll, Brown, and Buchholtz, 2017). The primary issue in regard to recognition of revenues relates to timing of recognition. The timing of recognition implies the identification of the point in time when the revenues from the sale of goods or rendition of services can be said to be recognizable in the books of accounts of the entity (Bragg, 2010). There is international accounting standard (IAS) 18 which prescribes the whole procedure in regard to recognition of revenues (IAS 18, 2012). The standard divides revenues into three major categories such as sale of goods, rendition of services, and others. The revenues in the form of interest, royalties, and dividends fall under the other category. Commonly, for all the categories of revenues, the standard lays down that for recognition of revenue two conditions must always exist. The first is flow of future economic benefits and the second is reliable measurement of the amount (IAS 18, 2012). The above two conditions are very basic and requires to be complied with in each and every case, whether the revenues arise from the sale of goods or rendition of services, or from interest, dividend, and royalty. Further, there are certain specific conditions that are to be complied in regard to specific category of revenues. For instance, the IAS 18 prescribes that revenues from the sale of goods should to be recognized when five crucial conditions are satisfied. The first crucial condition requires transfer of all the risks and rewards by the seller to the buyer in relation to the goods subjected to the transaction (IAS 18, 2012). The second condition is that the seller should no longer be holding control of the goods being sold. The third condition stipulates that the amount of the sales consideration of the goods being sold should be measured reliably (IAS 18, 2012). The fourth condition relates to estimation of uncertainty in regard to receipt of the economic benefits by the sale of goods. The last and the fifth condition relates to reliable measurement of the cost incurred in manufacturing and making the goods ready for sale. Thus, when these five conditions are satisfied beyond all doubts, the revenues from sale of goods can be recognized in the books of the entity (IAS 18, 2012). In the current case, Brian Kelly who is engaged in exploration and extraction of minerals (gold) finds out a piece of rock. He gets that piece of rock valued by an expert at an amount of $60,000. However, the revenue does not arise at this stage because Brian Kelly still possesses that piece of rock and assumes all the risks and rewards in this respect. However, two weeks later, Brian Kelly sells that piece of rock a jeweler for an amount of $75,000. This is the point in time when the revenues get accrued for recognition in the books of Brian Kelly. The movement Brain Kelly transfers the rights and obligation in respect of piece of rock and gives possession to the jeweler, the conditions in regard to recognition of revenue gets satisfied. Therefore, Brian Kelly should recognize revenues from sale of piece of rock at $75,000 on the date when the piece of rock is handed over to the jeweler (Bragg, 2010). A plant manager is responsible to administer and supervise the plant operations in an effective and efficient manner. The plant manager is responsible to ensure that the resources such as employees, plant and equipment are used optimally and smoothly. In this regard, the plant manager would be responsible to take decisions as regards deployment of the resources and plant maintenance scheduling etc (Heizer et al., 2009). In order to ma ke such decisions, the plant manager would information which will comprise a mix of non-financial as well as financial data. However, the non financial information which relates to quantitative data is more important for decision making in the areas of plant operations management, but it does not means that financial information is of no use (Crosson and Needles, 2010). The financial information also plays a crucial role in operations management. It could be worthwhile to emphasize here that all the crucial areas of a business such as production, marketing, accounting, and administration are interrelated to each other (Crosson and Needles, 2010). This implies that to make managerial decisions in one area would require information from all other areas. For example, if the plant manager is required to make out a decision regarding repair and maintenance of plant, he would need cost and benefits analysis in addition to the analysis of quantitative data. The cost and benefit analysis would require financial information. Thus, the use of financial information and the role of accounting could not be negated in the plant operation management (Crosson and Needles, 2010). In the current case, the plant manager contends that there is no need to maintain financial data to take day to day decisions pertaining to plant operations. This contention of the plant manager is not valid because the financial information plays a crucial role in every sphere of decision making whether it is related to plant operations or marketing. The information on cost, prices, and historical trend is generated by the accounting and finance department of the company (Grabski, Leech, and Sangster, 2009). In order to make decision making process less time consuming and effective it is of paramount importance to integrate different functions across the entity. This implies that there must be proper integration between accounting, finance, production, marketing, and administration functions of the company (Grabski, Leech, and Sangster, 2009). In order to achieve this integration among different functions of the company, it becomes essential to implement the enterprise resource planning system. The enterprise resource planning system integrates different functions of the company on a real time basis. The crucial information for decision making is shared among different function on a real time basis resulting in reduction in the time (Grabski, Leech, and Sangster, 2009). Therefore, overall it may be concluded that the accounting and finance function plays a critical role in all domains of decision making in an entity and hence the importance of maintaining daily records can not be undermined. Whether it is plant manager or marketing manager, everyone requires accounting information in their decision making process (Grabski, Leech, and Sangster, 2009). Management accounting refers to the process of analyzing the accounting and costing data to assist the top management in formulation of the plans and strategies. The scope of management accounting is very wide as it covers the knowledge of principles of accounting, finance, and costing (Chapman, Hopwood, and Shields, 2011). There are numerous handy tasks which a management accountant has to perform in an organization. For example, resource allocation, testing optimality, and conducting cost benefit analysis. Traditionally, these tasks were used to be performed by manual computations, but in the present scenario, the use of information technology has increased to a lot extent. Now, the computations for these tasks are performed using highly customized computer softwares (Chapman, Hopwood, and Shields, 2011). The unprecedented benefits of the use of information technology have made it compulsory for the firms to opt for automation of the entire process through the use of softwares and computer programs (Chapman, Hopwood, and Shields, 2011). Thus, since the process of managerial decision making have been automated, therefore, it is pertinent for the management accountant to be well versed with the knowledge of information technology. The management accountant should be acquainted with the knowledge on how to use the software to analyze the data and prepare reports. However, the in-depth knowledge to fix the technical issues in the computer technology is not crucial for the management accountant. It is essential that he has technical knowledge to use the IT resources in day to day functioning (Chapman, Hopwood, and Shields, 2011). Stratum Ltd Horizontal Analysis of Statement of Profit and Loss 2016 ($'000) 2017 ($'000) Variance ($'000) Variance (%) Revenues 13,750.00 16,000.00 2,250.00 16.36% Expense, excluding finance cost 11,965.00 13,705.00 1,740.00 14.54% Finance cost - - - 0.00% Profit before income tax 1,785.00 2,295.00 510.00 28.57% Income tax expense 535.00 878.00 343.00 64.11% Profit 1,250.00 1,417.00 167.00 13.36% Stratum Ltd Horizontal Analysis of Statement of Financial Position 2016 ($'000) 2017 ($'000) Variance ($'000) Variance (%) Current assets Cash and cash equivalent 100.00 80.00 (20.00) -20.00% Trade and other receivables 335.00 380.00 45.00 13.43% Inventories 720.00 770.00 50.00 6.94% Total Current assets 1,155.00 1,230.00 75.00 6.49% Non-Current assets Other financial assets 160.00 140.00 (20.00) -12.50% Property, plant, and equipment 2,785.00 3,400.00 615.00 22.08% Total Non-Current assets 2,945.00 3,540.00 595.00 20.20% Total assets 4,100.00 4,770.00 670.00 16.34% Current liabilities Trade and other payable 500.00 505.00 5.00 1.00% Total Current liabilities 500.00 505.00 5.00 1.00% Non-Current liabilities Long-term borrowings 1,750.00 1,750.00 - 0.00% Total Non-Current liabilities 1,750.00 1,750.00 - 0.00% Total liabilities 2,250.00 2,255.00 5.00 0.22% Net assets 1,850.00 2,515.00 665.00 35.95% Share capital 1,500.00 1,600.00 100.00 6.67% Retained earnings 350.00 915.00 565.00 161.43% Total equity 1,850.00 2,515.00 665.00 35.95% Stratum Ltd Horizontal Analysis of Statement of Changes in Equity 2016 ($'000) 2017 ($'000) Variance ($'000) Variance (%) Share capital Ordinary: Balance at the start of period 1,500.00 1,500.00 - 0.00% Issue of share capital - 100.00 100.00 0.00% Balance at the end of period 1,500.00 1,600.00 100.00 6.67% Retained earnings Balance at the start of period 200.00 350.00 150.00 75.00% Total recognized profit for the period 1,250.00 1,417.00 167.00 13.36% Dividend paid-Ordinary (1,100.00) (852.00) 248.00 -22.55% Balance at the end of period 350.00 915.00 565.00 161.43% Stratum Ltd Common Size Analysis of Statement of Profit and Loss 2016 ($'000) % to revenues 2017 ($'000) % to revenues Revenues 13,750.00 100.00% 16,000.00 100.00% Expense, excluding finance cost 11,965.00 87.02% 13,705.00 85.66% Finance cost - 0.00% - 0.00% Profit before income tax 1,785.00 12.98% 2,295.00 14.34% Income tax expense 535.00 3.89% 878.00 5.49% Profit 1,250.00 9.09% 1,417.00 8.86% Stratum Ltd Common Size Analysis of Statement of Financial Position 2016 ($'000) % to revenues 2017 ($'000) % to revenues Current assets Cash and cash equivalent 100.00 2.44% 80.00 1.68% Trade and other receivables 335.00 8.17% 380.00 7.97% Inventories 720.00 17.56% 770.00 16.14% Total Current assets 1,155.00 28.17% 1,230.00 25.79% Non-Current assets 0.00% 0.00% Other financial assets 160.00 3.90% 140.00 2.94% Property, plant, and equipment 2,785.00 67.93% 3,400.00 71.28% Total Non-Current assets 2,945.00 71.83% 3,540.00 74.21% Total assets 4,100.00 100.00% 4,770.00 100.00% Current liabilities Trade and other payable 500.00 27.03% 505.00 20.08% Total Current liabilities 500.00 27.03% 505.00 20.08% Non-Current liabilities 0.00% 0.00% Long-term borrowings 1,750.00 94.59% 1,750.00 69.58% Total Non-Current liabilities 1,750.00 94.59% 1,750.00 69.58% Total liabilities 2,250.00 121.62% 2,255.00 89.66% Net assets 1,850.00 100.00% 2,515.00 100.00% Share capital 1,500.00 81.08% 1,600.00 63.62% Retained earnings 350.00 18.92% 915.00 36.38% Total equity 1,850.00 100.00% 2,515.00 100.00% The results of the horizontal analysis conducted on the profit and loss statement show that the revenues increased by 16.36% in the year 2017 over the figure of 2016. Further, the expenses also increased by 14.54%. There was observed an overall increase of 13.36% in the net profit of the company in the current year as compared to the previous year. Further, the statement of financial position shows a reduction of 20% in the cash and cash equivalent while an increase by 13.43% and 6.94% in the trade receivables and the inventories. Overall current assets increased by 6.49% in the year 2017 as compared to 2016. The other financial assets have decreased by 12.50% while the plant and machinery went up by 22.08%. Overall, the total assets are up by 16.34% and the total liabilities are up by 0.22%. This shows that the company is performing well in the market. Further, the total equity is up by 35.95%. The primary reason for this increase in the total equity is sharp increase in retained earnings. The ending balance of the retained earnings was increased by 161.43% in 2017 as compared to 2016. The results of the vertical analysis show that the expenses were 87.02% of the revenues in the year 2016 which reduced to 85.66% in the year 2017. Due to the decrease in expenses, the profit before tax increased from 12.98% to 14.34%. However, there was observed a reduction in the net profit from 9.09% to 8.86% in the current year which seems mainly due to increase in income tax expense. As regard the statement of financial position, it was observed that total current assets reduced as a percentage to total assets in the year 2017 to 25.79% from 28.17%. However, there was a slight increase in the non-current assets from 71.83% to 74.21% in the year 2017. The total liabilities as a percent of total equity reduced significantly in the year 2017 to 89.66% from 121.62% in 2016. References Bragg, S.M. 2010. Wiley Revenue Recognition: Rules and Scenarios. John Wiley Sons. Carroll, A., Brown, J., and Buchholtz, A. 2017. Business and Society: Ethics, Sustainability and Stakeholder Management. Cengage Learning. Chapman, S.C., Hopwood, A.G., Shields, M.D. 2011. Handbook of Management Accounting Research. Elsevier. Crosson, S.V. and Needles, B.E. 2010. Managerial Accounting. Cengage Learning. CTI. 2016. Business and Society, Stakeholders, Ethics, Public Policy: Business, Business. Cram101 Textbook Reviews. Gore, J. 2015. Ethical Issues. American Journal of Nursing,115(3), pp. 13-13. Grabski, S., Leech, S., and Sangster, A. 2009. Management Accounting in Enterprise Resource Planning Systems. Butterworth-Heinemann. Heizer, Jay, Render, Barry, and Rajashekhar. 2009. Operations Management. Pearson Education India. IAS 18. 2012. Revenue. [Online]. Available at: https://www.ifrs.org/Documents/IAS18.pdf [Accessed on: 27 January 2017].