Role of current liabilities and liquidity in accounting Essay Example for Free

Role of current liabilities and liquidity in accounting Essay A liability refers to the present obligation to an organisation following a past transaction and which is expected to be paid from cash or other near cash forms. It is simply put as that which the company owes others. Current liabilities are one of the types of liabilities in an organisation the other being longterm liabilities. Current liabilities refers to those liabilities that are payable within a duration of one year or less. Longterm liabilities can be paid in more than one year. Current liabilities include payables such as salaries, creditors arising from short-term obligations for example purchases of supplies,taxes payable, overdrafts and short-term loans. Liquidity on the other hand refers to the ability of an asset to be converted to cash quickly. The easier the ability, the more liquid the asset is. Cash is considered to be the most liquid asset since it is already in cash form. Liquidity is also used to refer to the ability of debtors to pay their debts when they fall due. Liquidity management therefore means that an organisation should be able to maintain sufficient cash and liquid asstes to pay their expenses. The ability to pay is measured using liquidity ratio. Analysts and creditors use the current ratio which divides current by liabilities or quick ratio which divides current assets minus inventions by current liabilities. The higher the ratio the higher the liquidity and hence the ability to pay obligations when they arise. Liquidity of liabilities is measured according to their due dates. Longterm liabilities are payable in more than one year and therefore do not require fast cash. However, short-term liabilities(current liabilities) require that the organisation maintains ready cash to pay for them when they arise. Role of current liabilities and liquidity Current liabilities and liquidity show the financial position of the business. When a company has many debts, it is not viewed as being in a good financial position. This is because it is expected to draw alot of cash from its account to pay expenses. The lesser the debts that a company has the better its financial position. A slightly high liquidity ratio shows that the organisation is doing well financially. This is according to Diamond,Slice, E. K Slice,J. D. (2000). Similarly, when liquidity is low to a certain extent the business is seen as not being in a position to repay its debts or in financial crisis. In obtaining financing from banks and obtaining goods from creditors, current assets and liquidity play a significant role. Liquidity measures help in ascertaining ability of a firm to repay its loans and debts. Low liquidity measure would indicate poor management or financial problems. Liquidity measure is one of the factors that creditors and bankers consider before lending to a company. A company with a high liquidity ratio is likely to obtain a loan easily because it shows its ability to repay. Attracting potential investors and business partners will require an impressive balance sheet (William et al, 2008). No investor will want to cash in his money in a business with poor financial position. Investors and business partners want to identify the best business with the best return for their money. Liquidity and current liability of the business will give them the details that they need. References Diamond, M. A. ,Slice, E. K. , and Slice,J. D. (2000). Financial Accounting: Reporting and Analysis harriman: House limited. Williams, J. R. , Susan F. H. , Bettner, M. S. , Carcello, J. V (2008). Financial Managerial Accounting. Irwin: McGraw-Hill . es. oxfordjournals. org/cgi/content/full/khn009v1 Similar pages by J Fingard (2008) www. journals. cambridge. org/abstract_S000711450809466X , (2008).

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Costa Rica is a small, democratic country, located in Central America. Nicaragua is to the north of Costa Rica and Panama to the south and it is surrounded by the Pacific Ocean to the west and the Caribbean Sea to the east. The country is very small, only about 32,000 square miles and is slightly smaller than the state of West Virginia (CIA, para. 2 2013). This beautiful country only covers about 0.03% of the earth’s surface, yet contains about 5% of the biodiversity in the world (Visit Costa Rica, para. 2). The climate is tropical and subtropical and has four volcanoes, two of which are still active (CIA, 2013, para. 2). The population of Costa Rica is 4,805,000 (WHO, 2009). The population growth is roughly 1.27% annually (CIA, 2013, para 3). About 64% of the country’s population lives in urban areas (CIA, 2013, para. 3). Although Central America is considered poor by many, Costa Rica’s poverty rate is lower than its neighboring countries – it is about 20% percent (CIA, 2013, para. 3). In 2012, the gross domestic profit (GDP) was $59.79 billion, or $12,800 per capita (CIA, 2013, para 3). A considerable amount of the country’s income comes from agricultural exports and tourism (CIA, 2013, para. 5). Agriculture makes up about 6.2% of the GPD and industry makes up about 2.5% of the (CIA, 2013, para. 5). Costa Rica was first settled in 1522 (Michigan State University (MSU), n.d., para. 1). It was settled as a colony by the Spanish in 1563 (CIA, 2013, para. 1). In 1821 along with the other provinces in Central America, it proclaimed its independence from Spain (MSU, n.d., para. 3). Then in 1838 Costa Rica proclaimed itself sovereign (CIA, 2013, para. 1). In 1899 Costa Rica began its democracy by having the first true e... ...Many poor countries suffer much worse public health problems and disasters than the people of Costa Rica, but they are very fortunate to have the health system that they have in place. In 2011, Costa Rica’s health expenditure on health care was 10.9% of the GDP (CIA, 2013, para. 3). This is one of the highest in the world. The Ministry of Health is able to focus on influencing public policies, create policies to protect the health of the people and provide guidance. They are always investigating new trends in medicine and finding the best way to help the Costa Rican public. It seems that the focus of the Ministry of Health and the CCSS is more about the care and the health of the people, even though the health expenditure is so high compared to most other countries. They do have this money to spend partly because of the lack of any military forces to finance.

Intertextual Relations Between Pride and Prejudice and Bridget Jones Diary Essay

Each text is not the effort of one person; theme and plot derived from existing texts are present in newer texts through repetition and similarity. Authors compile from pre-existing texts known as intertextuality, the use of prior texts in current texts. Julia Kristeva, a psychoanalyst is the first to introduce the term ‘intertextuality’. She redefines the theories established by Ferdinand de Saussure and Mikhail Bakhtin and suggests a text is not simply interpreted by its words, instead it is a study based on the works it has adapted (lecture). Kristeva mentions that although a writer usually talks to a specific audience, a text exists in time, and it is reprinted and translated with addressing the language of the current time period known as parole and langue. The novel Pride and Prejudice was first published in 1813, but another novel based on the same plot called Bridget Jones Diary, a modern version of Pride and Prejudice was published in 1996. Every text is the absorption and transformation of another, with similar themes and conditions considering the lifestyle in that time period, known as a mimetic orientation. Intertextuality, the relationship to other prior texts is present among Pride and Prejudice, Bridget Jones Diary, and A Dog’s Head through the overarching similarity of characters, value of class and synchronic language. The common element of character development is interacting between Pride and Prejudice, Bridget Jones Diary, and A Dog’s Head. During the 1800’s, the value of high culture and wealth was outstandingly important to the people of that decade. Jane Austen’s Pride and Prejudice is a plot consisting of high culture, and is strongly referenced in connection to Helen Fielding’s Bridget Jones Diary. Fielding’s borrows the plot from Austen and also has some of the same characters and events in her novel. The character of Elizabeth Bennett and Bridget Jones is similarly constructed with the hardships and love crisis they suffer from. First of all, both protagonists fall in love with a man whose last name is Darcy. Both Mr. Darcy are respected and wealthy men. Furthermore, both protagonists share similar feelings, for example, at the ball event Elizabeth is hurt to hear that Mr. Darcy thinks of her to be â€Å"‘tolerable but not handsome enough to tempt’† him (Austen 13). Similarly, Mr. Darcy in Pride and Prejudice hurts Bridget by saying she is ill mannered and does not know how to talk (45). At this time both the protagonists dislike both Mr. Darcy and have severe hatred for him. Secondly, Mr. Wickam in Pride and Prejudice is the same as Daniel Cleaver in Bridget Jones Diary. Both Mr. Wickam and Daniel Cleaver are despised by Mr. Darcy but admired by the heroine at first. Bridget’s mother is a bit like Mrs. Bennett, as they both insist their daughters get married to wealthy men. Bridget believes she is unattractive because she is fat. When things do not work out with Daniel Cleaver, she questions, â€Å"Why does nothing ever work out? It is because I am too fat† (Fielding 181). Bridget is unhappy about her appearance all the time, which is similar to the character of Edmond in A Dog’s Head. The novel A Dog’s Head introduces the unrealistic character of Edmond who is born with the head of a dog, a spaniel in particular. Ovid establishes the theory of metamorphosis emphasizing the transformation of a human to an animal feature in his poem â€Å"metamorphosis†. This theory is present in A Dog’s Head as Edmond is a human but has a dog’s head. Edmond is always troubled in life because people criticize him for having the head of a dog, and to add to that, â€Å"the head of the most ridiculous dog to be found† (2). He has a series of unsuccessful relationships, for which he blames his appearance to be the reason, somewhat like Bridget who also blames her weight for her breakup with Daniel. Although the author does not provide a description of Bridget, we know a bit about her through the writings in her diary. Bridget’s negative image of herself results in a lower self-esteem, as well as Edmond who also has a low self-esteem when he remembers he has the head of a spaniel. At one point, losing his virginity to a prostitute becomes hard because no one wants to sleep with an animal (125). His personal relations with his parents are negative from the day he is born. His parents are happier to be alone so his dad gives him money, â€Å"Edmond stuffed the notes into his pocket, kissed his papa and mama and went away, never to return† (47). This further notifies us that although there are minor matches from Edmond’s personality with Elizabeth and Bridget, there is a similarity between the characters through physical appearance and their lives. The theme of class relates to reputation, the value of money being an ever-long requirement in society. People have been classified into hierarchical sectors according to their financial circumstances. In Pride and Prejudice, Elizabeth Bennett’s mother Mrs. Bennett is astonished at the fact that Mr. Bingley is a wealthy and handsome young man visiting their town. She immediately informs her husband and desires one of her daughters marry him. Mrs. Bennett is portrayed as a shallow and self-centered woman as she constantly persists her daughters marry the richest men. This is evident when Elizabeth announces her engagement to Mr. Darcy and Mrs. Bennett replies â€Å"Mr. Darcy! Who would have thought it†¦Oh! My sweetest Lizzy! How rich and great you will be! What pin-money, what jewels, what carriages you will have! † (Austen 357). Similarly, in Bridget Jones Diary, Bridget’s mother introduces her to a recently divorced, wealthy man. Bridget is certain on her mother’s motives and she claims, â€Å"I don’t know why she didn’t just come out with it and say ‘Darling, do shag Mark Darcy over the turkey curry, won’t you? He’s very rich. † (Fielding 12). Comparatively, Edmond from A Dog’s Head lives in a shallow society, where money can overpower anything, even a man with a dog’s head. Edmond invests some money in the stock market and realizes it is more valuable than anything. â€Å"Wealth brought Edmond great enjoyment. First, it canceled out his head. [†¦ ] Oh, the sublime effect of bank notes! Overnight that hideous or ridiculous object became just anybody’s head. † (85) He makes a lot of money and realizes that money has always been there and supported him more than anything else. A hierarchy of social classes has created the boundaries between families and people historically. The importance of class depicts a social value and worth in society. Lower class people are treated as inferiors while upper class people gain more respect and value. As evident in A Dog’s Head, Edmond is treated better when he has more money and class, and Mrs. Bennett and Mrs. Jones want their daughters to be married to rich men. The language and text of Pride and Prejudice is a lot different from Bridget Jones Diary and A Dog’s Head. In order to understand â€Å"one text as an intertextual representation of another† (Salber) the individual composition of values and attitudes needs to be understood in different contexts. With this said, Pride and Prejudice is a realist text composed in the nineteenth century. What is happening in the real world at the time the author writes the text is incorporated into the text, known as mimetic orientation. The author associates a mimetic version of the reality of everyday life set in the Regency period of England, a time when â€Å"power and marriage within one’s own class was essential† (Salber). The novel Pride and Prejudice also reveals â€Å"aspects of gender, class, identity and marriage as political institution† s a presentation of English history (Art). Language as it exists at any moment of time is referred to as the synchronic system of language (lecture 4). The power of language, synchronically applied suggests that the language in Pride and Prejudice slightly differs from the 20th century language used in Bridget Jones Diary. For example, the word ‘simpleton’ used in Austen’s novel indicates the life of a simple, unmarried girl, whereas in Fielding’s novel, the word ‘singleton’ is used to categorize the career oriented women in search for a perfect male companion. This supports Kristeva’s statement that â€Å"language is read as at least double†, and that the structures of language exist within a certain time period (Salber). As mentioned earlier, Bridget Jones Diary is a modification of Pride and Prejudice and is a more modern approach to the same story. The means of communication are different; for example, Daniel Cleaver and Bridget initiate romance through computer messaging, whereas in Pride and Prejudice communication took the form of letters. The langue, a language viewed as an abstract system used by speech community, is different for every person. In Pride and Prejudice the vocabulary Austen uses is archaic and demonstrates the time period in which it was written. For example, a conversation between Elizabeth and Mrs. Gardiner,â€Å"It was first broken by Mrs. Annesley, a genteel, agreeable looking woman† (Austen 226). The word ‘genteel’ may not be used in today’s novels and speech and represents its time period. Likewise, the words ‘singleton’, ‘smug marrieds† and ‘emotional fuckwittage’ became a part of the British popular culture when used in Bridget Jones Diary. The plot of Pride and Prejudice is the same as Bridget Jones Diary since Bridget Jones Diary is a modification of Pride and Prejudice and is a more modern approach to the same story. The female protagonists both worry about the relationships in their lives. The plot begins with the life of the female protagonists, and continues to their developing lives as the plot moves on. Both Pride and Prejudice and Bridget Jones Diary are the same story, where the first event, the ball in Pride and Prejudice is held with the attempt to find a suitor for Mr.  Bingley who is a young and wealthy man, and similarly a Christmas party is held by Bridget’s mother to introduce Bridget to Mr. Darcy. The events that occur further on in the texts lead to the same conclusion in both novels. The value of class and reputation is an overarching theme similarly applied in the three novels proving money has the value to make anyone happy. Lastly, the use of language and difference in word choice is what makes the novels acceptable in their time periods. These intertextual relations combine the three novels with many similarities.

Knowledge is power Essay

â€Å"A man without knowledge is like an idol† –Nidhi So knowledge is life and it gives power to human being which makes him different from the other living organism Knowledge according to Oxford dictionary is ‘’Facts, information, and skills acquired through experience or education; the theoretical or practical understanding of a subject’’ â€Å"No thief, however skillful, can rob one of knowledge, and that is why knowledge is the best and safest treasure to acquire.† ― L. Frank Baum. The Lost Princess of Oz, so the greatest treasure of life is knowledge It is only by knowledge we can discern between right and wrong. If an animal kill a human being we say it’s because it has no knowledge but if a human being kills a human being then he or she is punished as human being has the knowledge that he should not kill other human beings Abhimanyu was the son of Arjuna and Subhadra. Subhadra was the sister of Sri Krishna. He use to tell her of the war techniques once when Abhimanyu was still in th e womb. He was telling her of how to break the challenges of chakra-vyuha but she dozed off but While Subhadra dozed off, Abhimanyu continued to carefully follow Sri Krishna’s narrative of the Chakra-vyuha. But, after talking for some time and not receiving any response from Subhadra, Sri Krishna realised that she was savouring a sweet nap. Sri Krishna, who had at that time come up to the seventh step of the Chakra-vyuha, gave up his narration and returned with Subhadra to the palace. The unfortunate Abhimanyu could never obtain the technique of breaking all the circles in the chakra-vyuha, but whatever he had heard Sri Krishna say, he carefully preserved in his memory. He grew up to be a brave, handsome young man. Many years later, during the Mahabharata war at Kurukshetra, the Kauravas set up a Chakra-vyuha and challenged the Pandavas to come forward and break it. However, only Arjuna knew the technique of doing so but he was fighting elsewhere. At that stage, to save the honour of the Pandavas, Abhimanyu came forward and offered his services for the task of breaking the chakra-vyuha. Despite his incomplete knowledge of the technique he entered the grid and overcame one circle after another until he came to the seventh one, the breaking of which he had no knowledge. Brave and ambitious he was but in vain as he had no knowledge. By this we can come to the conclusion that knowledge is power and half  knowledge can be dangerous We have to be careful in this world when we live as we read about Abhimanyu there are many people with this half knowledge and it can be very dangerous that even it can put our life in risk Mahatma Gandhi says of â€Å"Seven Deadly Sins and one among that is Knowledge without character Man has to spend his life to acquire knowledge but it should be to save the world and not to destroy it as for example nuclear energy is good for man use but if it is used for war it can end ruin the whole world in frac tion of seconds, as the dropping of nuclear bomb during second world war has its pain even today in Hiroshima and Nagasaki Knowledge plays an important role in all spheres of human life and activity. It is a powerful factor which helps man to attain success, power and position in life. There is no doubt that physical strength and money are instruments of power. A man who is physically strong or whose purse is full commands power over others but the power of knowledge is still greater. Knowledge directs his actions and enables him to find the difference between right and wrong, good and bad. It helps him overcome his weakness and faults and face dangers and difficulties with courage and confidence. It gives him mental, moral and spiritual advancement. Besides this, it is through knowledge that man has gained mastery over nature. Man is physically weaker than many animals. He cannot run fast as fast as a panther. He cannot see as far as an eagle can. His sense of smell is weaker than that of a dog. He cannot carry as heavy loads as some beasts of burden do. He cannot fight tigers and lions with his bare hands. Yet he has managed to become the most powerful creature on earth. His po wer comes from knowledge. Those who have wide-range of knowledge and experience can capture power and influence. The possession of knowledge gives them a distinct advantage over the semi educated people. Half knowledge is regarded as ‘the curse of god’ and also it is worse than ignorance. He explored land, water and space by virtue of his knowledge. Man has made progress in all fields starting from science, technology to arts etc. Knowledge gave man the feeling of strength and power. Knowledge develops human faculties. It leads to the excellence of the mind. It enables one to give sound judgment. Education and knowledge are desirable for democracy. We should try to spread the knowledge base in all fields in the masses. In Indian rural scene, the knowledge levels about family, school education, problems of woman. child rearing and other social issues are very  poor. Illiteracy and social backwardness combine to put the rural masses at the receiving end. Lack of knowledge leads to poverty and absence of methods of productivity and economic prosperity. This vicious cycle continues. Restraint, tolerance, understanding and capacity to manage affairs come with knowledge. If knowledge is imparted to our rural children, youth, women and men, they would emerge as the major social power. There is no end to the gaining of knowledge, It is only the foolish man who thinks he knows everything. Modern knowledge is very intricate and wide is scope The soldier, the man of the sword, thought he was the master; but he was really in the hands of the priest, the man of the pen. The pen was mightier than the sword. It was the same in ancient India. The learned Brahmins were for ages the real rulers of Indian States. They dominated the lower, ignorant castes; and their knowledge enabled them to manage the Rajas and Maharajas. Knowledge is not the property of the rich. No class has its monopoly over it. Anyone who perseveres in this endeavour may excel the others. It is not a thing to be bought with riches. Like wealth or beauty, it does not drop in value by time. Knowledge is power because all the power in the world owes to it. The power of knowledge has proved its supremacy over everything. As a whole, nothing benefited the mankind more than knowledge. A giant ship engine failed. The ship’s owners tried one expert after another, but none of them could figure but how to fix the engine. Then they brought in an old man who had been fixing ships since he was a young. He carried a large bag of tools with him, and when he arrived, he immediately went to work. He inspected the engine very carefully, top to bottom. Two of the ship’s owners were there, watching this man, hoping he would know what to do. After looking things over, the old man reached into his bag and pulled out a small hammer. He gently tapped something. Instantly, the engine lurched into life. He carefully put his hammer away. The engine was fixed! A week later, the owners received a bill from the old man for ten thousand dollars. â€Å"What?!† the owners exclaimed. â€Å"He hardly did anything!† So they wrote the old man a note saying, â€Å"Please send us an itemized bill.† The man sent a bill that read: Tapping with a hammer†¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦.. $ 2.00 Knowing where to tap†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦.. $ 9,998.00 Effort is important, but knowing where to make an effort makes all the difference!

Divided government essays

Divided government essays In the 20th century, political theorists, professors and old men who sit in barbershops have all debated whether a divided government hinders or helps the continued prosperity of our country. There is no definitive answer to this debate and it will, therefore, continue because it is an enduring reality of our time. As I sit for my haircut, the argument persists around me, with one very old barber arguing that before World War II, our system of a consolidated government was more conducive to passing substantive legislation. Plain and simple, things got done. My agenda for government, the peoples agenda, was accounted for, and thats just not happening these days, the man argued. The other really old barber shot back, I disagree, because a divided government creates gridlock in the legislative process, leading to compromise and a final bill that better represents my interests. The divided government these men spoke of refers to the situation when the presidency is controlled by on e party with its own ideologies and policy positions and the congress is controlled by another party with some competing ideologies and policy positions. Since the framers of the constitution had lived through governmental abuse before, the thought of divided government surely would have pleased them, because it creates a situation where the powers are split to an even greater degree, thus further lessening the chance for abuse. It wasnt until after World War II that divided government became a factor in this country. However, since 1946, thirty-four of the fifty-four years were years of divided government. One of the best explanations for divided government lies in the fundamental political desires of the people of this country, the electorate. The majority of the people in this country arent split to either the extreme left or right, but lie somewhere in the middle. They have some beliefs that are st...

Digital Multimeter User'd Guide Essay Example | Topics and Well Written Essays - 3000 words

Digital Multimeter User'd Guide - Essay Example Digital Multimeter User Guide Name: Institution: Table of contents Abstract†¦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‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..13 Fig 5: Series measurement †¦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‚¬ ¦.13 Fig 6: Range view switch of a DMM†¦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‚¬ ¦.14 Fig 7: Direct current †¦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‚¬ ¦..16 Fig 8: Alternating current †¦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‚¬ ¦..16 Fig 9: Lead test placement ...†¦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‚¬ ¦..16 Fig 10: Dry cell voltage measurement †¦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‚¬ ¦17 Fig 11: Wall outlet voltage measurement †¦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‚¬ ¦..18 Fig 12: Resistance connectivity†¦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‚¬ ¦..18 Fig 13: Connection between a resistor and a multimeter†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦....19 List of tables Table 1: Common signs used in multimeters †¦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‚¬ ¦8 Table 2: Abbreviatio ns used in multimeters ..........................................................................9 Abstract Digital multimeters are devices that are commonly used in the study of electricity and construction (Bernard, 1988). These devices are designed and produced in large numbers for electrical engineers and other electrical experts. Usually, these devices have supplementary features that are mostly, not of use. Digital meters portray their output in a numeric form on an LCD (Liquid Crystal Display) or a LED (Light Emitting Diode) screen. Considering the current setting of the world, one has to be technologically conversant with these resourceful and dominant tools used in electronics

Milk Pasteurization Unit Research Proposal Example | Topics and Well Written Essays - 4500 words

Milk Pasteurization Unit - Research Proposal Example UHT treated milk is beyond the reach of ordinary consumers due to exorbitant prices charged by the UHT milk producers. Additionally, UHT treated milk is heated up to 135'C, due to which all the lactobacillus in milk are killed: this has a perverse effect on the milk in that, once contaminated; it spoils much more rapidly than pasteurized milk which caused increased wastage of milk. Most importantly, however, Milk dairy is an economically and financially viable project in the Pakistani market. According to Remy Montavon, in his book "Nestle in Pakistan", Pakistanis have been big milk drinkers with a per capita milk consumption of 200 kg per capita in 2004. Therefore, we believe that setting up a milk-pasteurization unit would be a viable and profitable option, as the consumption of milk is enormous in the Pakistani market, and all the customers in the milk market want to consume high quality and hygienic milk at reasonable prices. The project would be a small scale milk pasteurization unit with facilities for plastic pouch packaging. Our intended dairy unit would constitute a 3000 litres milk intake capacity per hour which is a distinctly economical size for setting up a milk processing business. However, due to the time required for installation and running of the unit, it is expected that the plant would achieve 100 percent efficiency in the 2nd / 3rd year of operations. Horizontal growth in the market is initially considered the next step in the project, as the demand for milk is expected to rise with time; increasing capacity or increased number of pasteurization units are considered the immediate growth steps. However, horizontal or vertical integration are not ruled out, and all favorable partnership and/or merger deals shall be given due consideration. INDUSRTY ANALYSIS The demand for processed milk industry depends on these factors: GDP growth and increase in per capita income. Population. Degree of Rural-Urban Migration. Degree of dissatisfaction with local milk men or gowallas During the last three years, Pakistan's economy has witnessed an average real GDP growth rate of almost 7.5 percent (See Exhibit 1 for real GDP growth rate). This had made Pakistan one of the fastest growing economies in the Asian region. This massive growth is backed by massive progress in the industrial and agricultural sector. Moreover, there has been this emergence of a new investment cycle with investment rate reaching new height at 20.0 percent of GDP. Thus time is ripe for investing in the country. GDP shows the total purchasing power of consumers. The higher the GDP, the greater would be the demand of goods and services; thus a greater demand for pasteurized milk that our company would be producing. Furthermore, the per capita income of the people in Pakistan has undergone a 13.6 percent increase (See Exhibit 2). This has led to an increase in the spending of the people. A factor which may hamper consumer spending in light of increasing GDP Growth is inflation. Inflation pres ented an increasing trend during the fiscal year 2004-05 and reached a high of 11.1 percent April 2005. However the state