Monday, August 24, 2020

Financial Analysis Of The Wonderland Construction Supplies Company

Question: Talk about the Financial Analysis Of The Wonderland Construction Supplies Company. Answer: Presentation Wonderland Construction Supplies has begun the business in July, 16 with the capital of $70,000 and arranged the budget reports subsequent to finishing all the year-end alterations. In this report money related examination of the organization has been finished utilizing the bookkeeping proportions following with the short translation of the fiscal summaries. This report additionally gave data on devaluation strategies used to accounts the fixed resources, techniques utilized for stock administration and inner control systems. Translation of the fiscal reports Salary Statement: Income explanation gives the measure of income produced and cost of merchandise used to earned that income. Pay proclamation additionally gave the data on the different working costs that are caused to complete various activities in the organization, for example, organization work, lease to the proprietor and so on. At the year end on June 30, Wonderland has earned the income of $69,120.00 yet the costs are more noteworthy than the income earned that transforms into a misfortune in the present year. Explanation of Equity change: This announcement gives detail on the progressions that are made during the year to the capital or value balance. Changes can happen because of expansion or withdrawal of capital and furthermore because of benefit or misfortune brought about in the year. Benefit is viewed as the expansion in capital so it is added to the value as held profit. On other hand misfortune is deducted more assets are utilized to produce a similar degree of income. There has been capital commitment at the beginning of year, $70,000 and $2000 withdrawal has been as drawings. Further value is diminished to misfortune made by the organization. Accounting report: This announcement shows the year-end adjusts of the considerable number of benefits and liabilities that organization possesses at the monetary record date. It contains estimation of various current resources, non-current resources, current liabilities, non-current liabilities and investors value. It shows how offsets of advantages meet with the equalizations of the liabilities and value capital (Bull, 2007). Money related Ratios Current Ratio: Current proportion assists with estimating the liquidity of the organization as it shows current resources partitioned by the present liabilities. It gives times the present resources the organization needs to pay its momentary liabilities. Recipe: Current Assets/Current Liabilities Current proportion of Wonderland: $78,247.20/$18,227.00 = 4.29 occasions Current proportion of contender: 1.5 occasions to 2.7 occasions Current proportion of the Wonderland Company is obviously better than the present proportion of its rivals as organization has multiple occasions the present resources for pay the transient liabilities as contrast with 1.5 to 2.7 occasions of their rivals. Net Profit Ratio: This proportion gauges the level of gross benefit earned by the organization. Net benefit is deals income less expense of merchandise sold. Equation: Gross Profit/Sales Revenue *100 Net benefit of Wonderland: $20,664.00/$69,120.00 = 29.90% Net benefit of contender: 38% to 43% The gross benefit level of the contender is far superior to the gross benefit level of the organization (Drake and Fabozzi, 2012). Devaluation Methods There are for the most part two significant deterioration strategies accessible. They are: Straight line strategy: In this technique, devaluation is charged over the helpful of life of advantages. Any rescue estimation of advantages is deducted from the expense of machine and remaining estimation of benefits is devalued similarly over the valuable existence of advantages. The significant advantage of this technique is that equivalent bit of expostulation must be charged to benefit and misfortune account, along these lines simple to ascertain. Lessening Balance Method: This strategy is otherwise called recorded worth technique as for this situation deterioration is charged on the estimation of benefits that is stayed in the wake of charging the every year devaluation. A fixed level of devaluation is charged to the estimation of advantage until the benefits is auctions or discount from the accounting report. Consistently computation should be done to ascertain the devaluation (Fridson and Alvarez, 2011). Stock Management Method There are two additional techniques used to esteem the stock other than weighted normal strategy: FIFO (First in First out): In this technique merchandise that are first bought will be sold first, etc. Under this strategy estimation of stock at the accounting report date may increment as it is lower esteem stock is sold first as correlation or high worth stock. It is accepted that organization has paid more for purchasing the stock as the business progress. LIFO (Last in Last out): In this strategy merchandise that are last brought will be sold first, etc. It is will diminish the estimation of stock at the parity date (Bull, 2007). Interior control systems Interior control system assists with putting control on the abuse of assets like bank compromise explanation gives the distinction of equalizations in bank passbook and financial balance by and large record. Other inward control systems are insignificant sales register to record the costs made little costs happened on regular schedule (Fridson and Alvarez, 2011). End It can thus reason that Wonderland has done totally fine in first year of business notwithstanding of some misfortune. There is extraordinary expectation that organization will improve in future years. It is prescribed to the organization to take care of the business cost of merchandise and furthermore to diminish the expense through applying different cost decreasing techniques. References Bull, R. 2007. Budgetary Ratios: How to utilize monetary proportions to amplify worth and accomplishment for your business'. Elsevier. Drake, P. P. what's more, Fabozzi, F. J. 2012. Investigation of Financial Statements. John Wiley Sons. Fridson, M. S. what's more, Alvarez, F. 2011. Fiscal report Analysis: A Practitioner's Guide. John Wiley Sons.

Saturday, August 22, 2020

Personal goals Essay Example | Topics and Well Written Essays - 1250 words

Individual objectives - Essay Example By calling I am into Nursing. Nursing actually implies crafted by thinking about the wiped out or harmed or weak. This as I would like to think is a respectable calling of satisfying the clinical needs of a patient and giving the best consideration to him to cause him to overlook his torment and anguish. Being a head Nurse, I realize that I need to live by model, so as to persuade all my colleagues to make their best commitment towards understanding consideration. Proficient Short term objective: One expert momentary objective for me is set up my group of submitted nurture in such a way, that we could get the 'best group of attendant's honor' for the year 2008. I comprehend this would involve an assurance on our part, common comprehension and parcel of difficult work. A chain is supposed to be as solid as the most vulnerable connection in it. A group is additionally made out of various individuals with contrasting capacities, and inspiration levels. We do understand that a durable group of profoundly energetic Nurses can in this manner do ponders for the calling, individuals' consideration and development of the association. Fu-Jin Shih et al (2006) expressed that 'mankind as exhibited by empathic and deferential perspectives' is one of the basic beliefs of Nursing. All together that all individual Nurses in my group teach this general concept, I'll be buckling down with the group. One long haul Professional Goal: I see long haul achievement implies satisfying th... In any case, the acknowledgment as a commendable worker of mankind puts forth the attempts worth agreeable. Once, as a group head, I am ready to build up my certifications, I'd prefer to be part the center overseeing group, so I can take some intense activities towards the government assistance of patients just as the Nurses at my working environment. In spite of the fact that it may show up too eager to even consider becoming genuine soon enough, yet I realize it is significant for a group head that she can take all conceivable government assistance measures for her colleagues. This would at last advantage the association. Preparing and improvement of Nurses is one of my objective territories where I'd prefer to concentrate on once I am on the administration board. Various examinations have turned out on the side of the thought that preparation had a positive effect, especially in the degree to which the work practice of representatives, for example, nursing associates can influence the prosperity of clients (Burgio and Burgio, 1990). Individual Short term objective: It is significant that the individual life stays an empowering power in the quest for proficient objectives. On the off chance that once can leave for a considerable length of time's works with a cheerful grin from relatives and kids, it will undoubtedly convert into better client care at the work place. In this manner, for joy of my family I plan to take seven days to fifteen days leave from my office so I could have a pleasant Europe visit with my family. This would most likely welcome grins on the essences of children, which thusly will assist me with foregetting all concerns and invigorate me for a new innings of expert help. I am orchestrating enough cash for the visits and inside next one two months I'll be conversing with make a trip offices to conclude the schedule. Individual Long Term objective: Being into the emergency clinic administrations,

Saturday, July 18, 2020

BlackBerry Company and E-business

BlackBerry Company and E-business BlackBerry Company Nov 15, 2018 in Coursework Introduction BlackBerry Company rebranded since 2003 as Research in Motion Limited is one of the Canadian based wireless and Telecommunication Companies. The company has made several equipments starting from Blackberry smart phones and tablets and it was founded by Mike Lazaridis in 1984. The company worked with several companies such as Sony Erikson in order to develop some Internet Technologies such as Email Network and two-way paging system up to 1998. Since then, the company has introduced several modern technology devices that have hit the market by not only being used by the businessmen but also by government representatices. In our business report, the current and future use of Internet Technologies of the Blackberry company will be discussed and analysed. The E-business background based on various theories and frameworks, e-marketing analysis of the company, Web-design and business to business analysis will be addressed as well. Moreover, the social networking /web 2.0 applications by the company will be discussed before providing conclusion and recommendation remarks to the company. E-business Background Electronic business is the process of doing business electronically and it is more demanding than electronic commerce. In most cases electronic business possesses broader scope of all electronically enabled businesses such as business to business, business to consumer and even business to public sector. The word was coined by the IBM CEO, Mr. Lou Gerstner who began to define and analyze the idea of network based computing. According to the World Wide Web theory, several adverts placed by the company through the web did better than those placed on catalog-based sales boards (Boone Kurtz 2012). The advert promoted new sales level and hence various companies including BlackBerry and IBM decided to develop the E-business website through the website. Other business found that the website was a good site for placing customer service information such as location of products, corporate images and vacancies. As the website expanded, Internet business developed through other companies such as Amazon and eBay.

Thursday, May 21, 2020

Reducing Workers Compensation Claims - 1964 Words

Reducing Workers Compensation Claims According to an essay published online by CCH Incorporated, the first step in reducing workers’ compensation costs involves ensuring that your company has effective safety and accident prevention programs in place to reduce the amount and severity of workplace illnesses and injuries. In addition to those programs, there are policies and procedures that should be implemented to help supervisors and Human Resources professionals in handling workers’ compensation claims in the most expedient manner possible. Having an active safety program has a number of benefits. Some are obvious. Others are not. A safety program gives employees a sense that their employer cares about them. Issuing personal†¦show more content†¦Ideally, the process would involve some form of transitional return-to-work program in which injured employees are encouraged to return to alternative or light duty work as soon as possible. Each of these steps reduces costs to the employer and helps get the injured employee back to work sooner rather than later. Regardless of how many employees a company has, the employer should provide regular and mandatory training seminars to both current and new managers about tools and techniques for promoting workplace safety, in addition to the critical procedures immediately following an injury. An untrained manager might not understand his or her responsibility to complete an accident report. He or she might forget to interview witnesses. The manager might forget to take photographs of the place where the accident occurred, or might not know what to include in the report, such as facts, and what to exclude from the accident report such as speculation about the cause or causes of the incident. Without in-house training, supervisors and managers will not know the proper procedures for the acceptance and filing of workers’ compensation claims, or the need to ensure that injured workers seek immediate medical treatment. A comprehensive safety training program would also focus on the preventio n of managerial conduct that could later be construed as hostile to workers or unconcerned about workplace safety issues. Both of these common problems in the workplaceShow MoreRelatedMedicare Reimbursement Model Pros And Cons1092 Words   |  5 PagesIn my role with Liberty Mutual, I drove adoption of Medicare reimbursement models through public affairs involvement with multiple state workers compensation committees seeking to update their reimbursement schedules in response to the implementation of ICD-10 coding requirements in October of 2015. With the state workers’ compensation authorities seeking to adopt CMS reimbursement type models, my involvement was directed at securing the inclusion of specific CMS rules governing correct coding andRead MoreCase Management : The And Public Image1606 Words   |  7 PagesClaims management is a vital component of how a business will remain it successful in an ever changing market. Claims management can be simply defined as the tra nsactional handling of a company s insurance claims (Company). Merely understanding how to file a claim with an insurance provider is not what claims managers do. Claims managers go far beyond just filing a claim; companies such as Insurica are protectors of company’s profit and public image. Insurica is an insurance management network thatRead MoreCase Study : Policy Maker Interview Essay1158 Words   |  5 PagesIllinois Workers’ Compensation Commission (IWCC) Medical Fee Advisory Board. D. Alvarez, an employer representative, is one of nine members on the IWCC Medical Fee Advisory Board that equally represents employees, employers, and medical providers (D. Alvarez, personal communication, December 2, 2016). The board’s purpose is to advise the governor on legislation of medical service fees for medical provider services and accessibility to medical treatment for injured workers (Illinois Workers’ CompensationRead MoreCivil Rights And Compensation Pro grams1621 Words   |  7 PagesRecently several rulings have challenged state Workers’ Compensation programs. In August of this year, a Florida 11th Circuit Court Judge Jorge E. Cueto ruled that Florida s Workers Compensation Act is â€Å"facially unconstitutional as long as it contains Section 440.11 (Workers’ Compensation) as an exclusive replacement remedy†, challenging the Constitutionality of the program. Others have called into question the appeals process and the adequacy of compensation. This paper argues that the direction ofRead MoreConstruction Site Accidents1084 Words   |  5 Pagesthrough accidents on construction sites. These sites are rife with danger, but most sites follow strict health and safety rules to ensure that these dangers are not a threat to the workers on the site. However, accidents do happen, and these can result from a variety of causes. While construction sites can be dangerous for workers, even people who don’t work in construction can still be injured on or near work sites.   Some construction site dangers include open manholes, unsafe scaffolding, falling debrisRead MoreImplementing The Equal Employment Provisions Of The Americans With Disabilities Act992 Words   |  4 PagesAct (ACA). The ADA limits the circumstances in which employers may ask employees about their health or require them to undergo medical examinations. It allows such inquiries and exams if they are voluntary and part of an employee health program. Workers, however, cannot be required to participate in such programs, and they cannot be denied health coverage or disciplined if they refuse to participate (Wilkie, 2015). In recent months, the EEOC has filed three lawsuits alleging that employees lost outRead MoreDefensive Medicine And Its Impact On Health Care1657 Words   |  7 Pagessurveys conducted by Jackson Healthcare and Gallup polling indicated that defensive medicine costs the U.S. $650 billion to $850 billion ann ually. Another poll taken in December 2010 cited the American Academy of Orthopedic Surgeons estimating that by reducing defensive medicine, the yearly savings could jump from $54 billion to $650 billion. Medicare and Medicaid are cited at paying up to $221 billion annually for unnecessary tests and procedures such as CT scans after uncomplicated fainting episodesRead MoreEssay Human Resources Case Study 771015 Words   |  5 Pageswith local providers. This for example, gives opportunity for discounted prices in exchange for the directing of these employees to these providers. The self-insurance option main principal is aimed at improving a company’s operating profits by reducing premium costs. By assuming the role of an insurer, costs such as overheads for policy administration, assumption of risk and profit are retained by the self-insuring company. Self Insurance plans also avoid premium taxes and residual market loadingsRead MorePersonal And Commercial Lines Of The Hertz Corporation843 Words   |  4 PagesCPCU 9318 Quarry Drive, Naples FL 34120 (717)798-1066 john.tribble@hotmail.com Senior Insurance Executive with extensive leadership, global claims management, and consulting expertise in commercial lines, personal lines, workers’ compensation, and non-standard claims operations. Superior record of restructuring and realigning multi-jurisdictional claims organizations, elevating them into top performing operations. Expert at capitalizing on opportunities to improve profitability, while leadingRead MoreThe Determinants Of Employee Performance Essay877 Words   |  4 Pages(Hawaini, Gabriel and Viallet 2007). Employee Compensation is the same thing as employee reward. While employee reward is about how people are rewarded in accordance with their value to the organization, employee compensation according to Rynes, S. L., Gerhart, B., Minette, K. A., (2004). consist of pay and other economic and intangible benefits provided to the employees of an organization in return for the services rendered by them. Thus, compensation is the reward given to employees for utilizing

Wednesday, May 6, 2020

Why The Drinking Age Should Be Lowered - 908 Words

Why the Drinking Age should be lowered to 18? At the age of 18, American Citizens gain the immense responsibility of becoming an adult. When you turn 18 you gain a sense of adulthood and many things that were illegal for you before are now legal. Object lessons are the right to sign a contract, vote in elections, attend on a jury, make a will, get married without parental permission and the list goes on. For what reason is it that you aren t old enough to purchase and consume alcohol. The passage of the National Minimum Drinking Age Act of 1984 prompted states to enhance their legal age for purchase or public ownership of alcohol to 21 or risk losing millions in federal highway funds (alcohol policy. Noah. NIH. Gov). The presidents of 135 colleges have called for lowering the drinking age from 21. They note that the age restriction hasn t stopped binge drinking on campus and argue, not without reason, that it has turned alcohol into forbidden fruit begging to be picked. Perhaps teach ing young adults how to imbibe in moderation is the safer direction to go (Harrop). Having the drinking age at 21 does not teach young adults who are starting to pledge anyway, how to drink responsibly. It makes them hide away from adult supervision and makes alcohol seem that a great deal more appealing. Office of the trill of drinking underage is hiding and getting away with it, so lowering it to 18 would take the thrill of drinking underage away. Things cannot go on this path. A moreShow MoreRelatedWhy The Drinking Age Should Be Lowered995 Words   |  4 PagesAmericans believe it is appropriate for those under twenty-one to drink alcohol and want the legal drinking age to be lowered to eighteen. In the United States when an individual reaches eighteen, he or she are believed to be an adult. Becoming an adult as the law states that means mature enough to vote, purchase cigarettes, and even sign up for the military. When considering changing the drinking age to eighteen for many reasons to think through when it comes to health complications regards to well-beingRead MoreWhy The Drinking Age Should Be Lowered1237 Words   |  5 Pagesthe drinking age should be lowered to eighteen like most of the world or if it should stay at twenty-one. Underage drinking has been a major controversial issue for years, yet why is it not under control? Teenagers are continuing to buy alcohol with fake identification cards, drink, get into bars, and drink illegally. As a teen I have proof that these things are going on not only in college but in high school as well. There are a lot of factors that come together to why the drinking age should beRead MoreWhy The Drinking Age Should Not Be Lowered997 Words   |  4 PagesWhy the drinking age should not be lowered Alcoholism affects so many people in the United States due to accidents and much more but, many people say once teens turn 18 they should be able to do whatever they want, If they are able to vote, purchase nicotine products and become our troops, etc. So why not be able to drink? The drinking age has become a more controversial issue lately. There are many reasons of why the drinking age should not be lowered but if the drinking age was to be lowered toRead MoreWhy The Legal Drinking Age Should Be Lowered1582 Words   |  7 PagesWhy the Legal Drinking Age should Be Lowered Ever since its creation in ancient times, alcohol has been used for many reasons and purposes. Since then, controversies have risen on the topic of alcohol consumption and production. Among these controversies is that of the legal drinking age. While that age is 21 years, the legal age for smoking and for holding political posts is 18 years, and the legal age for consent for sex is 16 years – two of which are activities that are equally, if not more,Read MoreWhy The Drinking Age During The U.s. Should Be Lowered1300 Words   |  6 PagesInsert name Professor’s name Course/class Date Why the drinking age in the U.S. should be lowered to 18 Getting to 18 years of age is an important milestone for a US resident because it is the legal age for independence, allowing the individual to make his or her decisions regarding tobacco smoking, driving and even joining the armed forces while being treated as an adult by the justice system. While this statement is essentially accurate, it is untrue concerning the ability to purchase and drinkRead MoreEssay about Why the Drinking Age Should Be Lowered to 18872 Words   |  4 PagesLowering the drinking age to 18 would make a lot of sense in the world. Lowering the drinking age to 18 would make more sense. It would be better for the teens that drink on college campus. The drinking age should be lowered to 18 because you can vote at eighteen, buy tobacco, it’ll reduce the thrill of breaking the law, evidence supports that early introduction of drinking is the safest way to reduce juvenile alcohol abuse, and college people that are not 21 drink also. If teenagers that are nowRead MoreLowering Legal Drinking Age Essay1417 Words   |  6 PagesLowering the Drinking Age Half the United States population starts drinking at the age of 14.When you are 18 you have privileges like joining the army. (Mitch Adams Lowering the drinking age page 1) You can go to war and die for your country but you still can not enjoy an ice cold beer. (Mitch Adams Lowering the drinking age page 1) How is being 21 different from being 18? How does three more years of not drinking make you mature enough to drink? The longer you drink the more you start toRead MoreShould The Minimum Drinking Age Be Lowered?1138 Words   |  5 Pagesboredom, sadness, insomnia, and rebellion. These are just a few reason why people may consume alcohol. The category of people also includes teenagers. Many on-going debates have flagged this question whether drinking should be lowered to eighteen or not? Citizens have gave details regarding the affirmative and negative views of the minimum drinking age be lowered to eighteen. Do you think that it is wise to lower the minimum age? Would you loo k at the negative and positive impacts? Is it more importantRead MoreShould the Drinking Age Be Lowered to 18? Essay1236 Words   |  5 Pagesargument amongst Americans is determining that the current legal drinking age which is 21 should be lowered to eighteen or not. Researching the following propaganda made me understand the dangers to the youth and people in America if the drinking age were to lower. Therefore i will argue with whoever disagrees with me that the drinking age should be lowered. Id like to explain six reasons to why the drinking age should not be lowered beginning with the strongest reasons. First reason being is thatRead MoreLowering The Alcohol Drinking Age1602 Words   |  7 Pages Lowering The Alcohol Drinking Age Now a day’s teens that are under the age of twenty-one are out in trouble and drinking. They know that they are not old enough to drink and that is what makes them want to drink even more. Teens drink when they are not suppose to, but they know that when they drink, they must stay out of trouble. Lowering the alcohol drinking age will keep a bunch of teens out of trouble. If teens can stay safe while drinking then they should allow eighteen year olds to drink

Principles of Ecotourism Free Essays

Introduction Definition of sustainability. Briefly mentions environmental, experiential, socio-cultural and economic sustainability in relation to ecotourism. Environmental sustainability Importance of environmental sustainability in managing ecotourism and examples of impacts Strategies for achieving sustainability and how they are applied Experiential sustainability Importance of experiential sustainability in managing ecotourism and examples of impacts Strategies for achieving sustainability and how they are applied Socio-cultural sustainability Importance of socio-cultural sustainability in managing ecotourism and examples of impacts Strategies for achieving sustainability and how they are applied Economic sustainability Importance of economic sustainability in managing ecotourism and examples of impacts Strategies for achieving sustainability and how they are applied Conclusion Introduction Environmental sustainability Importance of environmental sustainability *Strategies* for achieving environmental sustainability Accommodating for hundreds of visitors has disadvantages for a site if the wildlife or vegetation isn’t capable to withstand an increased level of exposure. We will write a custom essay sample on Principles of Ecotourism or any similar topic only for you Order Now That’s why hardening of a site allows that site’s carrying capacity to be increased e. g. pit toilets, board walks and but still limiting number to ensure minimal impact of that site. The Cradle Mountain-Lake St Clair National Park in Tasmania, Australia, have installed board walks along the track for the concerns of environmental degradation and overcrowding. The boarded sections are established in sensitive areas in the national park with significant importance for an ecosystem. The softening of a site refers to soil replacement and replanting of native vegetation to rehabilitate the site as much as possible. There are many businesses that were built with very low levels of impact, because of the extensive research done before the construction of their building. The Couran Cove Resort in Queensland assessed the area for their resort before construction and removed the native vegetation, planning to replant them after the completion of facilities. A number of environmental measures were put in place during the construction of the resort, such as installation of solar powered cabins, identification and mapping of significant trees, strategies to manage acid sulphate soils, and an integrated water management system. As a result of many of these management strategies, the resort has become an industry leader in environmentally sensitive technologies. Visitation quotas and fees are a clever strategy to maintain a high revenue flow for the protected area and continue appropriate management. Zoning and site hardening influence visitation levels in specified areas, so these factors are considered when implementing fees and quotas. The overall number of visitors can be limited through the imposition of quotas and user fees; quotas are formal restrictions on visitor numbers and user fees (entry fees and other fees) increase the latter until visitor demand falls below the carrying capacity threshold. Mt Buffalo National Park in Victoria, Australia charges entry fees for visitors, whether camping or just visiting. These fees are put towards managing the park, including regular maintenance of provided facilities. There are methods to restricting and allowing appropriate viewing or access of wildlife by providing information and education to tourists; informing users about the recreational resource and current level of use. Making the users more sensitive to the potential impacts their behaviours might have on the environment is an effective way to make them aware. Experiential sustainability Importance of experiential sustainability The experience of the tourist is important to be aware of to evaluate the sustainability in the way it is implemented. People learn better when they are actively involved in the learning process and use as many senses as appropriate. Interpretation is effective way to educate tourists because it works with the visitors rather than against them. Such techniques include; visitor centres, education centres, displays and exhibits, self-guided trails and guided tours. These techniques are strategies to inform tourists of the natural environment to which they participate in, to help understand the importance of sustainably managing activities in a site. Strategies for achieving experiential sustainability Socio-cultural sustainability Importance of socio-cultural sustainability Socio-cultural sustainability of ecotourism relates to the stability of social and cultural systems, including the wellbeing of local and indigenous communities. Their involvement is important for tourism to be successful and unique. It is a significant contribution to ecotourism’s global following. Socio-cultural and economic sustainability are linked together to also facilitate the wellbeing and satisfaction of visitors. Strategies for achieving socio-cultural sustainability Economic sustainability Importance of economic sustainability Economic sustainability is associated with socio-cultural sustainability; relating to the stability of social and cultural systems, including the wellbeing of local communities. The impacts of economics in local communities include start-up expenses (acquisition of land, establishment of protected areas, superstructure, and infrastructure), ongoing expenses (maintenance of infrastructure, promotion, and wages), revenue uncertainties, and revenue leakage due to imports and non-local participation. Examples of positive aspects of economics include direct employment, improvement of transportation and communication systems; negative aspects of economics include no local employment opportunities, and leakages may be high. Establishing a protected area requires lots of expenses to be able to maintain the environment sustainably. The development of buildings and infrastructure such as visitor centres and toilets require regular maintenance, which means there needs to be enough income to retain a standard quality. Employing staff can be limited when money is scarce, maybe even overworking employees. For example, the Cape Otway Centre for Conservation Ecology in the Great Otway National Park is an ecotourism operation that was established in 2004. The owners of the Conservation Centre opened the business to become involved in conservation projects and research biodiversity conservation. When opening the operation, the owner’s budget was limited and was unable to employ enough staff to keep up with the daily routine activities; such as delivering service to guests and running of education programs. Their only choice was to employ enough to manage the business and providing the services themselves. *Strategies for achieving economic *sustainability Economic sustainability relates to the income of an operation or protected area to maintain the natural environment or site. Such income can come from user fees (public’s willingness to pay), taxation (sales tax, accommodation tax) and donations (lack of resources or money for endangered species). Earth Sanctuaries is a company that operates a network of privately-owned sanctuaries, set up with the aim of conserving native wildlife species. The company has eradicated exotic species from all of its properties, and has erected fencing that excludes feral animals from each sanctuary. To fund its conservation efforts, the company offers a mix of ecotourism products including accommodation, tours, and an environmental education program. These products are managed to provide the ongoing profit needed to run the sanctuaries, and to provide dividends to the company’s shareholders. Conclusion Sustainable tourism is important to be properly managed when utilising the natural environment. The four components of sustainability are environmental, experiential, socio-cultural and economic sustainability, each is critical principle for achieving ecotourism. Each component is linked to another and one cannot function well without the others. Ecotourism is difficult to be completely sustainable for the natural environment, but can be managed to minimise low impact. This is done by the four components between each; they interact with one another’s resources to appropriate management the natural environment; linking together to facilitate the wellbeing of local communities. References How to cite Principles of Ecotourism, Essay examples

Sunday, April 26, 2020

International Scholarship free essay sample

International Scholarship As I sit in my bed, I think back to past. I remember the different experiences I had in each of the places I lived in. The red-colored house in Aguascalientes, Mexico, was the only house I could have ever called my own. It was the smallest house I’ve lived in. It had one bedroom, one living room, the kitchen, and the bathroom. Of course it was not necessary for it to be big since only my mom, my dad, and I lived in it. As a little girl, I would say proudly, â€Å"My dad built it with his bare hands.† But where is that house now? It is gone. Emptied, with such sadness, loneliness, and almost abandoned, for the remaining resident is my father. Many couples divorce. My parents divorced when I was at the age of seven. Before this, all three of us occupied a small apartment in Oklahoma City. We will write a custom essay sample on International Scholarship or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page It contained as much as the house did, but it was even smaller. We lasted there one year, until the divorce. I stayed with my mom. We traveled north to Denver, Colorado, where we were taken in by my aunt. It was the third time I had moved, but this is when things got complicated for my mother and me. My mom felt like we were taking space from my aunt’s life. I enjoyed living there because the house had a descent size and it was decorated amazingly. Our part of the house was the basement, and it was all to ourselves, but two years later another move occurred. â€Å"Back to Mexico,† my mom said. â€Å"That is where we will go.† So we did. After getting used to living in one country for three years, starting from zero in another one was definitely tough. This move included a new school, new friends, a new community, and a new house. Surprisingly, I adopted extremely well. The house was my grandparents. Without doubt, it was beautiful. Small trees in front of the house made it more recognizable from the surrounding houses. The bancas made of cement were used to spend the evenings sitting in front of the house watching the little kids play hide and seek, kick ball, tag, or even jump rope as the sunset came in. I was one of the many kids who participated in these games. I loved it there. I felt free. My life; however, was still not how I wanted it. Four years passed. These were years full of excitement and childhood. In spite of this, I was no longer a kid. At that time I was twelve years old, and education for me was coming to an end. In Mexico, education is harder to obtain. For that reason my mom made the decision of once again relocate. â€Å"Moving, again,† I said. It was ultimately the best move of my life. The house I moved in belongs to my uncle and his wife with their two kids. It is undeniably the biggest house I have lived in. From the outside it looked some what small, but as I entered, the view changed. I counted five bedrooms, two bathrooms, two living rooms, the garage, the laundry room, and closets everywhere. This has been the fifth time I changed houses and so far, it is the last. My mom and I are still settled there. Still, something about knowing that four out of the five places I have lived in are not places we owned but rather have just been borrowed as a temporary settlement, makes me want to reach for whatever is out there in the world that I can obtain to change this situation. I have constantly heard my mom say she wants to be able to decorate her own house, have her own ways of running the house, and simply have her own house. She has not been able to obtain this because her allowance does not permit her to do so. I came to this country for one reason: to expand my education. The only way to do it is by attending college, but in order to do that, money is needed; the kind of money that I do not have a hold of. Ever since I started attending high school, I began hearing the word scholarship. I questioned where I would be able to receive a scholarship. I know I have what it takes to go to college, the education, the readiness, and preparation, but what I do not have is the money. The lack of money is really a big issue for me. I picture myself in a college classroom, listening to the professor teach the lesson for the day. I see the stack of books lying on top of my bed while I study, but most importantly, I see myself as a successful person after college. I want to earn enough money to look out for myself, and what matters most is looking out for my mom. I can finally buy her a house. I want to make sure, however, that it is better than the one she has been wanting. I wish to attend college to better my life, to find a settlement and not move around like I have previously. Through scholarships is practically the only way I will be able to make my drams reality; therefore, my education depe nds on the scholarships.