Pro-Forma and Business Cycle Research Paper Essay Example for Free

Pro-Forma and Business Cycle Research Paper Essay This report will compare the pro-forma financial statement of two companies: Bank of America and General Electric also-known as GE. It will describe and summarize the comparison of both organizations and their fiscal stability. It will also detail the typical business cycle of these two companies. Pro-Forma Financial of General Electric and Bank of America General Electric and Bank of America are two companies in the US that are competing to increase their sales, as well as their income in order to increase profits. Both companies are very strong financially: GE is an agglomerates industry with a market capital of $259.56 billion and Bank of America one of the major financial institutions with a market capital of $183.25 billion. Both companies make an effort to improve their bottom figures in each financial year. Bank of America had some merging and restructuring expenses in 2008, but was still showing remarkable earnings. However in the latest first-quarter 2014 report, a net loss of $276 million was published. In 2014, GE decided to acquire the power and Grid business of Alstom. GE expects the deal to be accretive to earnings in the first year. (www.businesswire.com, 2014). Financial Viability and Ratio Analysis of General Electric According to the GE third-quarter 2014 annual report, the organization is performing well and has experienced profit growth since 2013 in the following areas: operating earnings, revenues, industrial segment profits, industrial segment organic revenue, and growth market orders. In addition, new technologies sparked an increase in equipment orders. Likewise, the organization has a strategy in place that has created growth in services business. GE will continue to simplify operations and focus on the needs of its consumers. Furthermore, GE is continuing to gain approval to acquire Alstom Power and Grid businesses. This acquisition is expected to take  place in 2015. The acquisition is expected to increase GE’s cost per share and it will help GE obtain its goal of receiving most of its earnings through industrial businesses. (GE Reports Third-Quarter 2014, 2013) A ratio analysis is a â€Å"quantitative analysis of information contained in a company’s financial statements. (Definition of Ratio Analysis, 2014) It is used to â€Å"evaluate various aspects of a company’s operating and financial performance such as its efficiency, liquidity, profitability and solvency† (Definition of Ratio Analysis, 2014). This is a great tool to calculate how the company is doing over a certain amount of time. GE’s efficiency ratio for day’s inventory, for example, was 54.76, however in 2013, it was 77.36. Receivables turnover was another huge improvement from 2004, at 12.21, to 2013 at 6.81(General Electric Co, 2014). GE’s short term debt has decreased from 21.02% in 2004 to 13.24% in 2013 however the long term debt has increased, with 28.41% in 2004, and 36.97% in 2013. The current ratio has also improved with 2.39 in 2004, and 2.53 in 2013, this is a big win for GE! (General Electric Co, 2014) This shows that the company is more able to pay debts and short term obligations than when it first began (Current Ratio Definition, 2014). Financial Viability and Ratio Analysis of Bank of America In order to know the financial health of an organization, it is imperative to know the organizations financial viability. We have looked at the financial viability for Bank of America and find it to be a viable company. We looked at Bank of Americas Return on Investment (ROI) which is calculated by looking at Bank of Americas yearly return compared to the total investment we need for a project. Bank of Americas Revenue was 98,353 million with Net Income at 5,222 million for the year ending 2013. Total liabilities were 1,884,932 million with 2,123,613 million in total assets (Bank of America, 2014). Bank of Americas working capital ratio is 1.126 which shows us that is able to have enough cash to repay debts. Bank of Americas debt ratio is .8876 which shows that this company can repay long term debt. These few ratios help us see that this business is able to generate enough surpluses in order to meet their recurring payment obligation which also verifies the companys viability (Bank o f America, 2014). Business Cycle A business cycle is the growth or decline in an economy. As of today the economy has grown from the recession in September 2008 that left many people without jobs, the stock market plunges and many companies going bankrupt and closing. Furthermore, the goal of economic policy is to keep the economy in a healthy growth rate that create jobs for people, but slow enough to avoid inflation. Many factors can cause an economy to spin out of control, or settle into depression. The most important, over-riding factor is confidence of investors, consumers, businesses and politicians. The economy grows when there is confidence in the future and in policymakers, and does the opposite when confidence drops (Amadeo, 2014). Recent banking trends offer subtle indications about the business cycle. The financial crisis in 2008 stemmed from explosive monetary policy during the preceding period (Hofschire, 2014). During the financial crisis in 2008 it left a lot of companies wondering if they will ever get back to where they were before the market plunged. Financial institutions, such as Bank of America made it difficult for home buyers to take out loans to purchase properties. Although the housing market dropped, it was harder to qualify for loans because the qualifications were stricter. Furthermore, home owners were in upside loans because they could not afford to pay back the loans. During the financial crisis in 2008 General Electric (GE) was one of the major companies that produced numerous of appliances, such as refrigerators, stoves, microwaves and much more. However, they took a huge financial loss as their earnings started to decrease as sale prices declined (Smith, 2008). General Electric said profits from its money and commercial finance divisions should total $2 billion in the third quarter, down nearly 20 percent from $2.45 billion in the second quarter (Smith, 2008). General Electric Capital is a large contributor to the companys global earnings. Furthermore, General Electric had to give up some assets to raise their capital. As of today GE is one of the largest companies, which generate home appliances and they were able to overcome the financial crisis and regain their financial earnings. Conclusion This report shows that both GE and Bank of America are seeing steady growth and are slowly recovering from the recession. Both GE and Bank of America  seem to be in the expansion part of the business cycle as sales would project. GE has improved in its current ratio between 2004 and 2013, and Bank of American still needs to improve its current ratio. Both companies have seen an increase in many areas of their financials and plan to continue to increase sales and profits. References Alstom Board Chooses GE Offer. (2014, June 21). Retrieved November 29, 2014, from www.businesswire.com: http://www.businesswire.com/news/home/20140621005026/en/Alstom-Board-Chooses-GE-Offer#.VHu2r-8g9es Amadeo, K. (2014). What Is the Business Cycle? Retrieved November 30, 2014, from useconomy.about.com: http://useconomy.about.com/od/glossary/g/business_cycle.htm Bank of America. (2014, May). Retrieved November 30, 2014, from www.forbes.com: http://www.forbes.com/companies/bank-of-america/ Current Ratio. (2014). Retrieved November 30, 2014, from www.investopedia.com: http://www.investopedia.com/terms/c/currentratio.asp GE news. (2014, October 17). Retrieved November 30, 2014, from www.genewsroom.com: www.genewsroom.com/press-releases/ge-reports-3q%E2%80%9914-operating-eps-038-6-3q-industrial-profit-9-operating-margins-90 General Electric. (2014, May). Retrieved November 30, 2014, from www.forbes.com: http://www.forbes.com/companies/general-electric/ General Electric. (2014, November 2 8). Retrieved November 30, 2014, from financials.morningstar.com: http://financials.morningstar.com/ratios/r.html?t=GE Ratio Analysis. (2014). Retrieved November 30, 2014, from www.investopedia.com: http://www.investopedia.com/terms/r/ratioanalysis.asp Schire, D. H. (2014, February 28). March business cycle update. Retrieved November 30, 2014, from www.fidelity.com: https://www.fidelity.com/viewpoints/market-and-economic-insights/economy-update-march-14 Smith, A. (2008, October 9). Wall Street crisis hits GE. Retrieved November 30, 2014, from money.cnn.com: http://money.cnn.com/2008/10/09/news/companies/ge_earnings/ Walker, A., McEntire, L. (2014). Investor Relations. Retrieved November 29, 2014, from www.bankofamerica.com: http://investor.bankofamerica.com/phoenix.zhtml?c=71595p=irol-newsArticleID

Good Instructor :: essays research papers

Whether a good or bad instruction can affect the learning of students. A lot of instructors had been teaching me through out my years in school. No doubt some of the instructors are good and some of them are bad. Whether the instructor is bad or good cannot be judge by his or her education background. It is also important that they have a good way and method of treating and teaching their student. Teaching individually will be very effective, however, it will not happen in a classroom. In order to be affecting in the classroom, I think the instructor should be patient to the students, understand how people learn, be familiar with the difficulties people have with learning, then recognize these difficulties when they occur in class and know how to overcome these difficulties, and finally plan and be prepared to teach.   Ã‚  Ã‚  Ã‚  Ã‚  It is hard for an instructor to teach a lot of student with different learning ability at the same time; therefore, the primary factor to teach is patient. Patient is a primary thing to be an instructor. There are a lot of student in a classroom. The instructor should know that different person has different learning ability. Some Student may learn very fast but some learn very slowly. The instructor should not expect all students get the knowledge right after he taught. Student may ask a lot of questions or need to be explained a lot of time to understand the material. The instructor should be patient to the student when dealing with different students. Knowing that there are a lot of materials from the book to cover in a school year, a well skilled instructor should always plan ahead for the lecture. Remember there are poorly skilled instructors too - most of us have had inexperienced or poor teachers. Good Instructor :: essays research papers Whether a good or bad instruction can affect the learning of students. A lot of instructors had been teaching me through out my years in school. No doubt some of the instructors are good and some of them are bad. Whether the instructor is bad or good cannot be judge by his or her education background. It is also important that they have a good way and method of treating and teaching their student. Teaching individually will be very effective, however, it will not happen in a classroom. In order to be affecting in the classroom, I think the instructor should be patient to the students, understand how people learn, be familiar with the difficulties people have with learning, then recognize these difficulties when they occur in class and know how to overcome these difficulties, and finally plan and be prepared to teach.   Ã‚  Ã‚  Ã‚  Ã‚  It is hard for an instructor to teach a lot of student with different learning ability at the same time; therefore, the primary factor to teach is patient. Patient is a primary thing to be an instructor. There are a lot of student in a classroom. The instructor should know that different person has different learning ability. Some Student may learn very fast but some learn very slowly. The instructor should not expect all students get the knowledge right after he taught. Student may ask a lot of questions or need to be explained a lot of time to understand the material. The instructor should be patient to the student when dealing with different students. Knowing that there are a lot of materials from the book to cover in a school year, a well skilled instructor should always plan ahead for the lecture. Remember there are poorly skilled instructors too - most of us have had inexperienced or poor teachers.

Human: Atmosphere and Earth

Human have been damaging on the Earth for thousands of years. In fact, human activity has big influence on the Earth. Some people believe that the Earth is being damaged by human activity. In my opinion, I really believe that the human is damaging the Earth. There are three main ways to damages the Earth from human activity are deforestation , poisonous gases , and it makes pollute the environment. First, a human activity that damages the Earth is deforestation. Deforestation destroys a huge area of forest every year.The world forests could completely disappear in a hundred years by human activities. Furthermore , deforestation also cause the loss of plants and animals then lead some of them to extinction. This activity have made many negative effects to the environment and our the Earth.. Second, People living has produced a huge of poisonous gases. These gases are released by cars, factories , industrial , and etc. They cloud destroy ozone layer ,which could create a phenomenon cal led â€Å"the green house effect†.The green house effect cause the temperature of the Earth increases . As a result, the ice in the North and South thaw and cause the water level becomes higher. This is one of the worst effects of human activities that damage the Earth. Third, human activities have polluted the environment very much on the Earth. People have built many factories to develop modern industry. These factories have released many toxic materials into the rivers, the soil, and the sea. The industry have killed many of plants, animals, and fishes.This activities have damaged the Earth too much. In conclusion, the human activities have made many negative effects on the Earth. There are three ways that I show to damages the Earth by human activities ; deforestation could decrease many types of plants and animals , poisonous gases could destroy ozone layer and could create the green house effect , and human activities have polluted the environment by industries . People could make the Earth become a better place to live in the future by themselves. Human: Atmosphere and Earth Human have been damaging on the Earth for thousands of years. In fact, human activity has big influence on the Earth. Some people believe that the Earth is being damaged by human activity. In my opinion, I really believe that the human is damaging the Earth. There are three main ways to damages the Earth from human activity are deforestation , poisonous gases , and it makes pollute the environment. First, a human activity that damages the Earth is deforestation. Deforestation destroys a huge area of forest every year.The world forests could completely disappear in a hundred years by human activities. Furthermore , deforestation also cause the loss of plants and animals then lead some of them to extinction. This activity have made many negative effects to the environment and our the Earth.. Second, People living has produced a huge of poisonous gases. These gases are released by cars, factories , industrial , and etc. They cloud destroy ozone layer ,which could create a phenomenon cal led â€Å"the green house effect†.The green house effect cause the temperature of the Earth increases . As a result, the ice in the North and South thaw and cause the water level becomes higher. This is one of the worst effects of human activities that damage the Earth. Third, human activities have polluted the environment very much on the Earth. People have built many factories to develop modern industry. These factories have released many toxic materials into the rivers, the soil, and the sea. The industry have killed many of plants, animals, and fishes.This activities have damaged the Earth too much. In conclusion, the human activities have made many negative effects on the Earth. There are three ways that I show to damages the Earth by human activities ; deforestation could decrease many types of plants and animals , poisonous gases could destroy ozone layer and could create the green house effect , and human activities have polluted the environment by industries . People could make the Earth become a better place to live in the future by themselves.

Alcoholism And Drug Abuse And Alcoholism - 1231 Words

Alcoholism and drug abuse are a plague ailing this country and the world at large. Many people think that an alcoholic or an addict is a weak individual, they are often not. They are suffering from a medical condition that hinges on various risk factors. Over 125,000 Americans die yearly due to drug addiction and alcoholism. Genetics, personality and environment contribute majorly in the risk of alcoholism and drug abuse. Genetically if a member of your family had a problem with substance abuse or alcoholism then there is a high probability that you too will experience the same. Most often than not if a parent suffers from substance abuse the offspring are likely to engage in the same practice. The drugs and alcohol in this†¦show more content†¦If a child grows in a house hold where the parents smoke or deal marijuana they grow up not seeing anything wrong with using it and are thus more inclined to use the drugs when they get a chance. We can try to reduce or eradicate alcoholism and drug abuse by curbing the abuse by the younger generations. The young are impressionable; if they are molded to despise drugs and alcohol then we as a country could have a promising future. Since for teenager a lot of drug abuse is due to seeking social acceptance through peer pressure then the best way to curb drug abuse and alcoholism is to cancel overnight parties. When alone that is when they experiment with drugs etc. Also setting enormous penalties for those who are found selling booze or controlled substances to minors. (Health Promotion and Prevention Service) The purpose of medicine is to address the constant need for people to enjoy emotional and physical healing. In light of that urge to seek great health some have started to apply a new aspect of medical practice based on factors and religious beliefs and social approach of indigenous people through the exploration of natural products of their environment. These methods include several grips characterized mainly into alternative medical systems, mind-body medication and energy medicine. Yoga and meditation are the most well known and practiced forms of mind-body medication. They are solely based on the belief that the mind is the most