What does Legacy mean to you Essay Example | Topics and Well Written Essays - 500 words

What does Legacy mean to you - Essay Example The loss of traditional industries has led the urban governments will benefit from this since it promotes a business climate, which in turn stimulates economic growth. Concerning economic growth, measures to strengthen security and flexibility will be put into place. The urban government has a formidable task ahead of deregulation of labor markets that they offer to firm to attract them to London city. Policy enactment is a necessity to control the urban effect that comes along with. This will bring a transformation of the urban environment with the construction of post-modern modern architecture. This architecture is no doubt a spectacle that will make London attractive to tourists and consumer spending. The conversion of the Olympic Village Polyclinic into a long-term training center for the East London community is another legacy of the Olympics. This will lead to the creation of employment opportunities for the East London community (Great Britain: National Audit Office, 14). Socially, London will have an opportunity to convey an affirmative image during the Olympics hence attract non-UK people to live as well as work for some time and even after the Olympics. The Olympics will lead to an increase of commitment to sport. The UK will benefit from social and health benefits, which will become more accessible. Investment in grass roots sport will encourage sport in the UK. Regarding the Autism Awareness Campaign the UK will achieve impressive results in encouraging people with disabilities to take part in sports (publications.parliament.uk). The 2012 Olympics will have a significant political impact. The government at the cabinet-level will be involved in planning and creating the Olympic delivery authority, which will be an oversight to ensure the games are played and continues even after 2012.The minister for the Olympics will be the overall head responsible for the Olympics games (Great Britain: National

Financial Statement for Business Managers Research Paper

Financial Statement for Business Managers - Research Paper Example For example, the "gross margin" is the gross profit from operations divided by the total sales or revenues of a company, expressed in percentage terms. In isolation, a financial ratio is a useless piece of information. In context, however, a financial ratio can give a financial analyst an excellent picture of a company's situation. (www.finpipe.com) Similarly comparison of accounting ratios of different years helps us to indicate the trend of the business and the its various parameters and also indicates the results of various policies and measures taken by the management during the course of the business. 1. ROI ( Return on Investment ) : The most important ratio under the profitability ratio category. It is the comparison of profit earned and the capital employed to earn it. The capital employed is generally taken as the sum of net fixed asset and net working capital. 2. Gross Profit Ratio : This is calculated as Gross Profit / Sales *100. It shows the relationship of Sales Revenue to Cost of Goods Sold and year wise comparison will throw some light on the efficiency of the manufacturing process. 3. 3. Net Profit Ratio : This is calculated as Net Operating Profit/Sales *100.This is a very important ratio as its comparison over years shows the operational efficiency of the business if Gross Profit Ratio remains constant over years. ( Maheshwari , S N , 1994 ). Also a business to remain profitable , the Net Profit Ratio must be greater than the cost of capital. B. Turnover Ratio: Turnover ratios judge how well the facilities at the disposal of the concern are being used .The ratios are known as turnover ratios as they express the rapidity with which a unit of capital invested in fixes assets , stock etc. produces sales. ( Grewal, S T , Shukla , M T , 1997) 1. Capital Turnover Ratio : It is calculated as Sales/ Capital Employed and indicates how efficiently the capital is generating sales. 2. Fixed Asset Turnover Ratio : It is calculated as Sales/ Net Fixed Assets. It is very important in manufacturing concern as an improvement in the ratio over the years indicate prudent investment in Fixes Assets. 3. Working Capital Turnover