Overcoming the Financial Challenge of Going to College Essay

Defeating the Financial Challenge of Going to College - Essay Example This finding is because of the way that the normal expense of an advanced degree is around $23,000 per annum and that implied a great deal of cash for some Americans particularly that the economy is as yet reeling from the budgetary emergency (Reuters). Many selected and compelled to work than seek after a professional education since they essentially can't bear the cost of it and accordingly drop out rate in the United States keep on rising. This instance of understudies dropping out because of monetary trouble isn't confined. This is unavoidable to the point that it very well may be said that the drop out figure in school in the US is as of now disturbing to the point that it could as of now sabotage the country’s seriousness. In an examination directed by Harvard with information from Organization for Economic Cooperation and Development, United States has the most noteworthy dropout rate in the industrialized world. Among the 18 nations overviewed, United States slacked la st with a drop out pace of 46 percent. This figure is a long way from Japan which has a tremendous 89 percent graduation rate and previous Soviet states, for example, Slovakia with 63 percent and Poland with 61 percent (Reuters). These figures are viewed as disturbing in light of the fact that drop out rates are expanding in a contrarily corresponding way whatever is required in the workforce sooner rather than later. Rather than expanding the graduation rate as it is anticipated that 59 % of employments will as of now require a professional education by 2018, it is the drop out rate that is expanding with the nation having the graduation pace of 38.3 percent (O’Connor). It appears that occupations later on particularly the lucrative ones won't be filled by Americans particularly with what the current joblessness insights show that individuals without a professional education has double the opportunity to be jobless. In the territory of Florida, the figure is likewise similar ly alarming. O’Connor revealed that the State isn't creating enough school graduates who might top off future occupation advertise request. It is even underneath the effectively national low national degree pace of 38.3 percent, graduating just 36.5 percent of its enrollees. This equivalent issue was featured was Dr. Eduardo J. Padron, President of Miami Dade where he isn't satisfied with the graduation pace of the individuals who are school prepared enlisting just a 39% graduation rate. He focused on that given this not all that satisfying figures, the concentration to finish school today â€Å"is exceptionally serious and urgent† †â€Å"to have a measures and practice from outside the College, or to characterize fulfillment from inside; to characterize it by our success† (Padron). This worry of Dr. Padron about â€Å"Standards and practice from outside the College, or to characterize consummation from inside; to characterize it by our success† was about the nature of training that understudies get in schools and their suitability in certifiable setting. The issue about low graduation is further assailed by this issue since it suggests that the effectively low alumni in the United States doesn't fulfill the amount and nature of what is required in the workforce. The current instructive arrangement of the United States has been broadly scrutinize as not grounded on the real factors on the work environment as don't showing the understudies how to succeed and turn out to be monetarily autonomous (Kiyosaki). So the genuine issue of the instructive framework in the US isn't just bound to low pace of graduates yet in addition the nature of its alumni. Dr.

Merger and Acquisition of Ford Motor Company Essay

Merger and Acquisition of Ford Motor Company - Essay Example Mergers can happen just when there are solid relations between the two organizations. Mergers additionally rely upon the level of offers procured from the firm. In the event that the organization to be obtained has acceptable remaining in the market, high offer worth and high focuses in the offer market then we can say that an organization is worth to be gained or appropriate for securing. Merger or securing sure has its effect on the representatives and investors who are the unexpected resources of the organization. It is notable that any merger will have its ace's and cons. A few mergers occur for benefit and some not to acquire misfortunes. Workers could conceivably be profited by the merger. The new mangemen6t may not give all the offices, in contrast to the previous proprietor. The new organization will attempt to check incidental costs and cut administration costs. So as to reduce expenses, they may diminish the quantity of representatives working per office. After merger repre sentatives might be approached to change their work day timings, move starting with one division then onto the next and so on representatives need to co-work with the new administration. Portage Motor organization one of the most established vehicle fabricating organizations, if aiming to get a subordinate unit or a merchant's plant, any organization will be more than happy on account of the astounding sums on the arrangement. Portage has the best offices to offer to its employees.â â

How to Finance a Phone with Bad Credit

How to Finance a Phone with Bad Credit How to Finance a Phone with Bad Credit How to Finance a Phone with Bad CreditBad credit means everything costs more, even cell phones. So what are your options?Remember when a cell phone was considered a big luxury, rather than a necessity? Back in the day, high-powered businessmen would pay thousands of dollars to carry around a brick that was slightly more effective than two tin cans tied to a string.Over the years, cell phones have become much more advanced, with internet access and apps for everything. Presumably, the call quality has gotten better, although only robocallers seem to actually make phone calls anymore so who really knows?Regardless, having a smartphone is practically essential these days, as so much of modern society is oriented around it. But how will your credit score impact your ability to get a phone? Is it possible to get a good deal on a phone contract even if you have bad credit?Wait, what’s a credit score again?Before we answer whether your credit score can affect your ability to get a phone, let’s go over what a credit score actually is.Basically, your credit score is a three-digit number that’s compiled from the credit reports created by the three major credit bureaus: Experian, TransUnion, and Equifax. The most common credit score is the FICO score, which is scored on a scale from 300 to 850.  The closer your score is to 850, the better the loans you’ll be able to getâ€"and with better interest rates too.If you have a credit score below about 650, then youre considered to have poor or bad credit. In this range, you wont be able to qualify for many traditional loans or credit cards. Instead, youll have to settle for bad credit loans or no credit check loans, some of which are fine, but many of which come with eye-popping fees and interest rates.But your credit score isnt all about loans. It can also be a necessary factor for getting a car or an insurance plan or, yes, a phone and phone plan.How much will your credit score impact your ability to get a phone?When you try to enter into a cell phone contract, many providers will perform a credit check.It makes sense. The reason for a credit score, generally, is to measure how reliable an applicant has been about paying down their debts and managing their credit. If you’ve generally been paying your bills on time, odds are greater that you’ll also pay your phone bill on time.On the other hand, if you’ve run into trouble paying your bills previously, a provider will likely think that you won’t treat their bills with any greater value and will offer you worse ratesâ€"if they’re willing to offer a contract at all.Obviously, a low credit score doesn’t necessarily mean that a person is irresponsible, but that is often the assumption a lender or service provider will make, at least when it comes to the subject’s likelihood to pay their bills.Hard credit checks will temporarily lower your score.Unfortunately, there’s a good chance this credit check will be a hard credit check. That mea ns it’ll cause temporary damage to your credit score. If you are given the option, a soft credit check is always going to be better, but depending who the provider is, it may not be able to be helped.Improving your credit score by paying off your debts, paying all your bills on time, and using credit cards responsibly, will allow you to get better options when it comes to phone plans.But it can take time to build up a good credit score, and you probably can’t go that long without a phone. So what are your options?You can pay more for your phone upfront.One option you’ll have is to pay more money upfront when purchasing a new phone. Your monthly payments might even be lower than a person with better credit who chooses to pay less upfront.Paying more upfront when you have bad credit is actually quite common. It can help you rent an apartment  and sign up for utilities. With some services, like dental work, you may be able to pay less overall if youre willing to pay for everythin g up front and in cash.Of course, this means you’ll need a larger amount of money saved up, and you’ll want to make sure that the phone you’re getting has a good warranty, as you don’t want to lose that upfront investment if the phone gets damaged.This won’t always be possible, however. If your credit is low enough, you may not be able to qualify for any financing plan at all. At least not with certain providers.Many companies will give you the option to prepay for your phone use, but this tends to be more expensive over time than a traditional phone financing plan.Unfortunately, it’s a recurring reality that the worse your credit, the more you’ll have to pay in the long run. If you do consider a prepayment plan, be sure to shop around at many different providers to see which ones specialize in these kinds of offers.Shop around for phones and  a cosigner.Obviously, it’s always a good idea to look at different providers to find the one whose plan is the most affordabl e for you, but the big providers may be less likely to offer good deals to people with worse credit.Some carriers, like T-Mobile, have started offering plans that don’t require a credit check. As tends to be the case, you may not get the same rates you’d get with good credit, but it’s worth looking into.You can also consider reaching out to friends or family. If you know someone who trusts you and has good credit, see if they are willing to be a cosigner on the account. You can also look into joining a relative’s family plan and just pay them back each month as necessary.Fixing your financial situation can feel like a Catch-22: You need a better job to get more money but you need a phone to get that job and you need more money to get a phone. But hopefully, this advice can help you on your journey to better credit and  a better phone plan!If you want to learn more about living with bad credit, check out these related posts and articles from OppLoans:Shopping for Furniture wi th a Bad Credit Score? Here’s What You Need to KnowHow to Buy an Engagement Ring With Bad CreditIf You Have Bad Credit, Should You Buy or Lease a Car?What are your best tips for buying a phone when you have bad credit?  We want to hear from you!  You can  email us  or you can find us on  Facebook  and  Twitter.

The Burning Bed - 2588 Words

The Burning Bed A turning point in battle against domestic violence Research Paper Department of Criminal Justice Fall 2013 Introduction Beaten, bruised, broken bones and black eyes. Humiliated, discouraged and emotionally damaged. These are just a few of the things that Francine Hughes went through for over 12 years receiving abuse from her husband, James â€Å"Mickey† Hughes. Every nine seconds in the U.S. a women is assaulted or beaten (Schneider, 2000). Her story is a unique one in a sense, which she lived in a time where no one spoke publically about spousal abuse at all. Women were told that what happens in the house stays in the house and no one else should know about it. So for†¦show more content†¦Then he would come back and start it again. It was so bad that Francine lived in paranoia. Some identifiable beliefs and actions of paranoid-related disorders include mistrust, taking offense easily, difficulty with forgiveness, defensive attitude in response to imagined criticism, preoccupation with hidden motives, fear of being deceived or taken advantage of, inability to relax, argumentative, abr upt, and stubbornness (mentalhealthamerica.net) A few days would go by, serene, but she would go to bed at night thinking that she might wake up being abused by her husband. She learned that if she fought back, it would only make matters worse. Francine began to entertain thoughts of suicide. She felt that killing herself was best thing to do to end the inferno of abuse. According to suicide.org, Over 90 percent of people who die by suicide have a mental illness at the time of their death. And the most common mental illness is depression. One of the negative life experiences that may cause depression is physical abuse (Kevin Carso). Francine thought, if she killed herself, who was going to take care of her children? Nobody could love them the way she did. She went with plan B which were schemes about how she would sneak off to the airport with her kids and go somewhere where they couldn’t be found. But she would picture her family homeless, sitting on a park bench with nowhere to go and somehow he would find her. Francine Hughes did not want to kill her husband.Show MoreRelatedThe Burning Bed, By Dr. Maya Angelou Essay2118 Words   |  9 Pagessomeone shows you who they are, believe them (Philosiblog, 2013).† It sheds light on the dark behavior that could’ve eliminated the endurance of abuse, its cycle and pattern in the case of Francine Hughes. Cycle of Violence In the movie â€Å"The Burning Bed†, we get to see the cycle of violence acted out several times by Francine’s husband Mickey. Often times an abuser comes from a home of abuse which conditions them to implement the same behavior in their adult relationship. This is the initiationRead More Comparing Burgess and Drapers Theory of Family Violence and the Film, The Burning Bed2097 Words   |  9 PagesComparing Burgess and Drapers Theory of Family Violence and the Film, The Burning Bed    I.   Introduction   Ã‚  Ã‚  Ã‚   Burgess and Draper argue coercive patterns of family interaction represent the principal causal pathway that connects ecological instability to violence within families.   They maintain this raises the possibility that some of the common correlates of such violence are themselves reactions to sudden or chronic ecological instability.   For example, alcoholism, depression, and anxietyRead MoreCoal Burning Power Plants1697 Words   |  7 Pageselectricity for hundreds of years. While conventional supplies of oil and natural gas are expected to run out in the near future. This has cause a growth in nuclear power. Through out this report one will also learn the disadvantages and advantages to coal burning power plant and how they operate. Coal has played a major role in electricity production ever since the first power plants were built in the world in the 1880s. The earliest power plant used hand feed wood or coal to heat boiler and produce steamRead MoreFoucault s Theory Of Individual Power And Knowledge1596 Words   |  7 PagesFoucault’s Theory â€Å"The Burning Bed† Foucault’s Theory of Individual Power and Knowledge have allowed one to see the other side of arguments with more posing questions. Domestic Violence is now resulting in a spouse being labeled with the brand of â€Å"battered woman’s syndrome† and it opens the door for a many unanswered questions, and is debatable at best. In the case of Francine Hughes Wilson, â€Å"The Burning Bed† shed new light on the ever growing problems within a domestic abusive relationship andRead MoreCriminal Crime Case Report1445 Words   |  6 Pagesthem from inside a red pickup with a trailer located at 1389 N. Ridge Rd. He said his intention was to return to the pickup later that night and take it without permission. Noah told us we would find his shoe’s and other items belonging to him in the bed of the pickup. Corley asked Noah where was he intending to go, he said out of state, Corley ask him how he planned to do this since he has no money, he said he has stolen from stores before and would do it again. Corley told Noah he was being placedRead MoreChemical Pollutants And Its Effects On Health And Environment1035 Words   |  5 PagesList the major gaseous, liquid and solid pollutants emitted from a large scale coal fired power station plant such as the Drax Plant. The extracting energy from burning coal will lead to major gaseous pollutants. One of these gaseous pollutants is carbon dioxide (CO2) which causes the climate change by causing global warming. Also, the burning coal will emit sulphur dioxide (SO2) and nitrogen oxide (NOx) which both have the negative impact on health and environment. They can cause an acid rain if releasedRead MoreAttaining Food Security For A Growing Population And Alleviating Poverty Essay1486 Words   |  6 Pagescotton, soybean, sugarcane, maize, sorghum, potato, pigeonpea etc. Of these cropping systems, rice-wheat is prominent rotation in IGP of India which is practiced in 10.5 Mha areas, where crop residue burning and intensive tillage is the most common farmers’ practice. It is reported that residue burning has led to a loss of 8.2 t/ha soil organic carbon (SOC) and considerable deterioration in SOC of IGP, although it was considered as one of the most fertile region of the country. Further, in this systemRead MoreThe Night - Original Writing842 Words   |  4 Pages When I woke there was a loud thud. I jump up. The room was pitch black and I couldn t see a thing. I try to find the lamp puting my hand on the desk feeling for it. When I turned it on there was a scream downstairs. I jump out of bed pushing the box off the desk. I nearly trip running to the stairs. I keep my hand on the railing making it halfway there until I hear the familiar noise of ticking. The light downstairs was the only thing I could see besides a dark silhouette of man holding a womanRead MoreNew Advancements Of Renewable Energy1006 Words   |  5 Pagesglobal warming is still hurting the earth. So what do we do in the mean time? Several brilliant minds have been working on this. Instead of looking for entirely new advancements, they are taking what already exists and making it better. For example, burning coal in a cleaner manner. Coal is natural resource commonly used by many nations to support their power needs. Here are a few examples of how much people rely on coal: 93% of South Africa’s energy comes from coal, 81-83% of Poland and China’sRead MoreOcean Acidification And Its Effect On The Oceans1727 Words   |  7 Pagestoday’s world. Basic things like burning less fossil fuels, recycling, and taking measures to prevent deforestation are known by most people. These things are very simple, but most people completely ignore them. Little do they know that these little things can make a massive difference. Ocean acidification is product of there being excess carbon dioxide in the earth’s atmosphere. This excess carbon dioxide is then absorbed into the ocean (What is Ocean, 2015). Burning fossil fuels is a main contributor

Lifestyle Choices Can Help Prevent Or Control...

Tah Xiong Nutrition 10 2 October 2014 Lifestyle Choices Can Help Prevent or Control Cardiovascular Disease Just as people begin to think it is okay to live life without having to go through any health risks, their concern should now raise questions as to if it really is okay to live life without realizing that there are health risks that should be taken into consideration. The consideration should begin with a person’s evaluation on how their health and well being is and what they do on a daily basis. The evaluation should also include understanding the importance of cardiovascular disease and if they are doing enough to prevent the disease such as if they’re exercising enough or how they are eating. Although the amount of physical†¦show more content†¦When the coronary arteries are no longer working, this is call coronary artery disease. The process by which causes the coronary arteries to stop the blood and oxygen flow to the heart is call atherosclerosis. What this process does is collect a ton of unwanted fat and cholesterol known as plaques and stack the unwanted fats and cholesterol alongside the coronary artery walls and with time it will stack up to cause a complete clog, or blood clot, in the coronary arteries restricting blood and oxygen flow to the heart this is known as coronary thrombosis. Once the blood and oxygen flow is restricted, cardiovascular then takes place which will result in heart attack or more commonly known as, the leading cause of death. It is unfortunate that some people are born in a home with history of cardiovascular disease. Although eating and drinking may not seem to be a serious concern, the amount of intake and what they are taking in will then raise concerns otherwise. With that being said without the correct diet intake, cardiovascular disease will increase. Also, if a person does not exercise, it will put the person at a high risk of having this disease as well. Smoking is another key factor to increase of this disease. And even if a p erson does not smoke but is exposed to those who do smoke on a daily basis, also known as secondhand, smoking can also be in danger. Other risk concerns are the amount of sodium intake a person is

Maquiladora Industry in United States Free Essays

In this paper I will discuss the history and practices of the Maquiladora industry. I will discuss its background, its problems, the benefits it offers to United States companies, and the impact the NAFTA has and will have on the industry. In addition, I will make a suggestion on a possible strategy the Maquiladoras can adopt in order to address the challenges brought on by the NAFTA, to ensure it remains a strong force in the future. We will write a custom essay sample on Maquiladora Industry in United States or any similar topic only for you Order Now Mexican agricultural workers had been granted temporary work visas allowing them to work in the United States† agricultural industries through a program called the Bracero Program until 1965 when this program was terminated. As a result of this termination, the unemployment rate had exceeded 70% in certain border cities. In May of 1965 the Border Industrialization Program was established as a replacement for the Bracero program. It was later renamed the Maquiladora Program. The program was established by the Mexican government to provide employment for Mexico†s rapidly growing population along its border with the United States. This program was utilized to keep Mexicans from entering the United States. The idea was that Mexican workers would be kept on the Mexican side of the border if they were given factory jobs on the Mexican side. The Maquiladora program also wanted to attract foreign manufacturing facilities, technology, and know-how by giving a permanent tax holiday to manufacturing companies that would set up â€Å"twin plants† on the Mexican side of the border. In the beginning of the program, all foreign-owned operations had to be located within a 20-kilometer strip along the US-Mexican border. Since 1972 they can be located anywhere in Mexico. In 1996 there were around 2,500 Maquiladoras – 35% of them were located in the interior states of Mexico. Last year there were over 3,000 and more and more of these operations are being located outside of the border regions. Each of Mexico†s 31 states has at least one Maquiladora. Maquiladoras, also referred to as â€Å"in bond† or â€Å"twin† plants, are allowed to temporarily import into Mexico (free of tax) machinery, equipment, replacement parts, raw materials, and just about anything that was used in the assembly or manufacture of semi-finished or finished products. Once assembled or manufactured, the Maquila products must be exported unless special permission is obtained to sell a limited amount of output in the Mexican market. When these products are imported back to the United States, import duties are levied on the foreign value-added only. If Maquila products stay in Mexico, the are subject to applicable Mexican duties. The largest issue surrounding the Maquiladora industry is the exploitation of cheap labor. The working conditions are often unsafe, workers are not compensated adequately for their labor, attempts to unionize are discouraged; and sexual discrimination and harassment are too common. The conditions in and outside the Maquiladoras are terrible. Workers perform tasks such as welding without protective masks, leather gloves, or goggles (in many instances) and industrial accidents and toxic exposures are common. This, along with malnutrition caused by low salaries, produce skin illnesses, cancer, irregularities in menstruation, abortions, tumors, intoxication and birth of undernourished or disabled babies. Of the employees, many are young girls and women ranging from the ages of 14 to 20. They work 6 days a week in 10-hour shifts. The average weekly salary for a Maquiladora worker is US$35 – $45 even though the average monthly rent for a house with public services such as running water and electricity is around $200 a month. For the most part, Maquiladoras are unorganized. In those that are organized, state-controlled unions represent the workers. Although some companies are unionized on paper, the unions, for the most part, function to reinforce management policies rather than for the benefit of workers. Then there are what are called â€Å"phantom† unions. These unions do not fight for the worker†s rights. The workers do not even know them and have never seen their union leaders. When a conflict arises in a factory, management informs the worker that their unions have accept these or those conditions. Not only are they not protected by existing unions, those that attempt to unionize and are often threatened or bribed by plant managers and the government. In many companies, discrimination against and harassment of the female employees is very common. Female job applicants are required to produce urine samples to be used for pregnancy test, while some have company doctors and nurses examine the applicants or ask confidential information concerning their contraceptive practices. This is done because pregnant women are refused employment. Sexual harassment is often the rule rather than the exception. Rapes occur frequently and few are reported because women fear being fired or blacklisted. Shame and humiliation also keep them quiet. In Mexico, men and women are equal before the law, but the law does not recognize discrimination as a problem to be solved. The Pollution Brought on by the Maquiladoras The increased pollution, accompanied by the dumping of tons of hazardous wastes, poses a serious health threat to the residents of Mexico as well as the resident of the bordering US states. There are several canals that are â€Å"black† with chemical wastes that have been measured at levels that greatly exceed permissible standards. One factory was caught dumping drums of paint, solvents, and shellac into a drain. In other areas there are abandoned lead smelters and air full of soot and dust from brick-making ovens and smoldering tire dumps. Main Advantages for the United States† Companies For the United States companies this was a great advantage since Maquiladoras operates at very low costs in places where the currency is weaker than the dollar–such as Mexico. The less a currency is worth, the more relative value the dollar has. Since Mexico†s peso is relatively week, companies can trade their dollars for pesos with which they pay workers and expenses. The products they manufacture, however, are sold for dollars, increasing their profits by huge margins whenever the local currency falls. They could enhance competitiveness, reduce their costs, and maintain quality by placing their labor-intensive operations in the less developed Mexico, benefiting from the lower wage rates there. For many US companies, manufacturing in Mexico has become necessary to battle overseas competition. Since many manufacturers are moving to â€Å"just-in-time† inventory systems, the quick delivery possible from Mexico†s border towns offers a substantial advantage over Asian alternatives. The NAFTA†s Impact on the Maquiladora Industry Traditionally, Maquiladoras offered foreign businesses several advantages over other forms of direct foreign investment. Since the signing of NAFTA, however, many of these advantages are either being phased-out or granted to all Mexican companies. The most significant advantages of operating as a Maquiladoras include: 100% foreign investment, operation without ownership of assets, tax sheltering of cost centers, and 100% duty-drawback or waivers for temporary imports. Furthermore, the NAFTA attempted to address the labor exploitation and environmental problems associated with the Maquiladora industry. One of the benefits of the Maquiladora program is 100% foreign investment of Mexican operations, which formerly was not allowed. However, Mexico†s Foreign Investment Law has changed through the years (most significantly in 1989 and 1994)-full investment is now allowed in most business ventures. Operation Without Ownership of Assets Another advantage that Maquiladoras have is that they can receive production materials and capital goods as loans from their parent and client companies. As a result, most Maquiladoras have little of no inventory of fixed assets, eliminating the need to pay the Mexican asset tax of 2% of all assets. In January 1995, the Mexican IRS reported that Maquiladoras would now have to factor the depreciation of â€Å"loaned† assets in price-transfer calculations, which is the first step toward phasing-out this advantage by 2001. When Maquiladoras are structured as cost center (providing manufacturing services for a foreign parent) the foreign corporation has traditionally paid the Mexican company for operating costs plus negligible profit. By doing this they avoid Mexico†s 34% corporate income tax, 10% mandatory profit sharing, and asset taxes. Now the Mexican IRS is changing the way Maquiladoras must declare assets. Over the next few years, Maquiladoras will be forced to raise their declared profit percentage to a rate that is comparable to that of two unrelated companies performing the same transaction at â€Å"arm†s length†. This is the type of transfer pricing procedure that is implemented by most trading blocks, like the EC. It will soon be effect throughout North America. 100% Duty-Drawback or Waivers for Temporary Imports Maquiladoras have always allowed Mexican companies 100% duty drawback or waivers in imported components that are exported as final goods. Since 1994, this has provided many Maquiladora programs a way to use non-NAFTA materials within products without the need to pay the corresponding duties over those materials when importing or exporting goods to other NAFTA nations. On January 1, 2001, Maquiladoras that manufacture goods for export to NAFTA partner countries will no longer be allowed to take the waiver. The waiver will still be available for goods that are going to non-NAFTA countries. In 1995 the NAFTA†s of Labor created the National Administrative Office (NAO) as well as the North American Agreement on Labor Cooperation (NAALC). Both were intended to stop labor abuses. The NOA was established to monitor labor complaints that NAFTA critic†s voice regarding unfair labor practices. The NAO can recommend â€Å"ministerial consultations† as well as imposed heavy sanctions against Mexico. Unfortunately, the side agreements proved useless. The NOA cannot force Maquiladoras to allow unions-the most they can do is recommend â€Å"ministerial consultations.† Sexual harassment and discrimination continues as well. The NAFTA has also created side agreements covering the environment. One of them is the North American Development Bank (NAD Bank). Its purpose was to finance wastewater treatment projects along the border in the poorer communities. However, the most important criteria that needed to be met in order to receive funds were meeting certain market considerations. With this program NAFTA â€Å"encouraged† growth without regard for the environment through its practice of placing market consideration above environmental protection. Another is the Commission for Economic Cooperation (CEC). The CEC was established to investigate governmental non-enforcement of environmental laws. Unfortunately it has no power to enforce ,they can only investigate-and they can†t even do that until Mexico collects the data on the pollution for them. Possible Strategy for the Maquiladora Industry As long as the Mexican currency is weaker than the US dollar I don†t think that the changes are going to dramatically effect the flow of US companies to the south. However, the Maquiladora industry cannot count on this for continued growth. By the year 2001 the Maquiladora industry as we know it now will have significantly changed when the phasing out is complete. Maquiladoras will no longer be â€Å"tax break† establishments; they will be just like other foreign investments. In order for them to fully compete in the near future they must become more efficient and leaner. The impact of globalization is forcing manufacturers to produce more rapidly and cheaply than ever before and to continuously improve. Because there will be no differentiation between the non-Maquiladora and Maquiladora industries I feel the inefficient producers will be wiped out. Therefor, Maquiladora employees will need better training, education, incentives as well improved working conditions and higher wages. Operations will also have to be streamlined in order to reap the benefits of economies of scale and scope. In addition, Mexicans as well as US citizens will start to demand more accountability from the Mexican government and the Maquiladora industry. They need to be more responsible for their actions. What will the U.S. corporations do when human rights activists and environmentalists start lobbying and protesting on their US sites? Do they want to risk losing their shareholders to this type of negative attention? How to cite Maquiladora Industry in United States, Essay examples

Accounting Standards for Financial Reporting - myassignmenthelp

Question: Discuss about theAccounting Standards for Financial Reporting Quality. Answer: Objectives and general purpose of financial reporting The chief purpose of financial reporting is to develop a framework on which the various measurements are going to be done. The financial statement is going to provide key information regarding the business of the entity depending on which the various stakeholders can decide on conducting business with the company especially regarding investing or providing credit to the company. Other functions like buying of the shares of a company selling of the shares of a company or holding the shares until the right period also depends on the information that is provided by the financial statement of the company(Barth and Landsman, 2010). It is important for potential lenders or investors in a company to have a concept regarding the business of the company and the possible gains or risks that the investor faces by investing in the company. They are generally the purpose of formation of the financial reporting. As much as it is true that the financial reports are meant for the creditors, lenders and investors in a company it can be stated that there are various other information that need to be checked before investing in a company and a financial report doesnt provide all those information. The management of a company is also interested in checking the financial information but they can gather information regarding the financial information from other sources as well. The financial reports are checked by the auditors both internal and external to check the transparency of the organisation though the auditors have access to all sorts of information apart from the financial statement. The financial is not always dependent on the exact information rather they are dependent on estimation and possible judgements (Chen et al. 2011). But still the financial report of a company has a strong impact on the image of the company in the market and in turn impacts the rate of investment. Disclosure requirement There are certain disclosure requirements for the financial statement for plant property and equipment. The disclosure requirements have been reduced according the Australian accounting system in the recent times. The method used for determining the carrying amount, methods used for the calculation of depreciation and rate of the same has to be disclosed in the financial statement, impairment losses in regards to profit and loss, the restriction on PPE that is pledged by the company, the amount of money that is promised in any sort of contract, the cost for dismantling or restoring or removing on any of the PPE are to be disclosed in the financial statement etc (Cheng et al. 2013). There are certain new relaxations on the disclosure in the PPE. The amount of money that is considered as carrying during the time of the construction of the PPE is not mandatory for the company to disclose in the financial statement. There has to be no separate mention of comprehensive income in case there is compensation form a third party for impairment or loss of a PPE. Quanta airway is one of the airline companies in Australia. The company is one of the renowned chains of airlines in Australia. The quanta airways in enlisted in the Australian stock exchange. The total valuation of the company is a$2 billion. The necessity for disclosure or the following of the disclosure requirement of PPE as per AASB 116 is a requirement of this company. The annual report of the financial year 2016 represents the scope of asset management of the company. the disclosure of the annual report of quanta airways doesnt discloses the asset that are being repaired or maintained by the company as per the new relaxation criteria. It holds the quarter of the total airline market in Australia. The annual report mentions the total amount of assets held by the company to be of 2914034 million dollar and shows the total liability to be 1357193 which gives a positive impact of the company as it has more assets than liability (www.qantas.com.au). More asset than liability means t he company has the capacity to pay back its debts quicker. Depreciation rate of the plant and machinery of the airliners are dependent on the life of the asset. Most of the assets of the airlines have a life of 10 to 12 years. The depreciation rate of the plants and machinery of the quanta airways has been mentioned as 20 per cent. The amount of total asset has been mentioned but no separate information regarding properties has been mentioned in the annual report. Qualitative characteristics of financial information There are various qualitative aspects of financial information. This qualitative characteristic gives importance to each of the products according to their value or hierarchical status. The most important part of the qualitative characteristic is the use of the data. The usefulness of the data is dependent on the ability to understand the information that is conveyed through the financial statement. This includes two chief aspects that are the reliability of the information and the relevance of the information in the financial statement. The relevance of data is dependent on certain aspects like the predictive quality of the data, the feedback value of the data and the line. The reliability on the other hand is dependent on the aspects like the ability to verify the data, the neutrality of the data, and the proper representation of the data. These are the primary qualities of the data and the secondary quality of the data involves the comparability and the consistency of the data. Th ere are basically. One of the qualitative characteristics of the financial statement is the predictive value. Predictive value is relevant information for the investors of the company. The company in its annual report mentions the total amount of asset owned by the company as well as the total amount of plant and machinery owned by the company (Lennard, 2007). The total amount of asset gives an assurance to the company regarding the financial status of the company. The prediction regarding the investment on the shares of the company or a decision regarding a purchase of a general share or a preference share can be impacted by the disclosure of the total asset. PPE and general purpose financial reporting As mentioned before one of the chief function of the financial statement disclosed in the annual report is to help the investors or creditors regarding taking decision regarding the financial status of the entity on which an investors is planning to invest. The amount of asset of the company that is disclosed in the annual report of the company suggested that there are numerous assets of the company and thus a investor can easily decide in making investment as companies with high amount of assets can be considered as a safe option to invest. The financial report states the reliability of the company. The financial report and its indication regarding its property, plants and machinery can also sends an indication regarding the financial health of the company. The total asset of the company and the total liability and its balance if in positive makes the company a sound investment option (Christensen and Nikolaev 2013). The financial conditions of the quanta airways makes it a great op tion to make investment as it has more assets than ratio and has a capacity to pay back its investors. The property plant and equipment contributes in the total asset of the company which is a deciding factor in making financial decision. Reference List Barth, M.E. and Landsman, W.R., 2010. How did financial reporting contribute to the financial crisis?.European accounting review,19(3), pp.399-423. Chen, F., Hope, O.K., Li, Q. and Wang, X., 2011. Financial reporting quality and investment efficiency of private firms in emerging markets.The accounting review,86(4), pp.1255-1288. Cheng, M., Dhaliwal, D. and Zhang, Y., 2013. Does investment efficiency improve after the disclosure of material weaknesses in internal control over financial reporting?.Journal of Accounting and Economics,56(1), pp.1-18. Christensen, H.B. and Nikolaev, V.V., 2013. Does fair value accounting for non-financial assets pass the market test?.Review of Accounting Studies,18(3), pp.734-775. Lennard, A., 2007. Stewardship and the objectives of financial statements: a comment on IASB's preliminary views on an improved conceptual framework for financial reporting: the objective of financial reporting and qualitative characteristics of decision-useful financial reporting information.Accounting in Europe,4(1), pp.51-66. www.qantas.com.au (2017) Anon, (2017). [online] Available at: https://www.qantas.com.au/infodetail/about/corporateGovernance/2016AnnualReport.pdf [Accessed 14 Sep. 2017].