Essay Examples on Thomas More College of Liberal Arts

Income and cash flow differ as they are Calculated

Income and cash flow differ as they are calculated using a different basis therefore it is inevitable that operating profits for a period will not coincide with net cash flows in the question the term net cash flows net cash flow from operations taken for the same period The differences arise due to the following Non cash expenses such as depreciation or gains losses on the disposal of fixed assets bad debt provisions etc The application of the accruals principle in the income statement in order to include all the revenue and expenses relating to a specific period requires provisions for accrued expenses to be included whilst prepayments are excluded Similarly for deferred income or expenditure Working capital adjustments i e where sales exceed cash receipts it means that receivables are likely to increase and vice versa whilst similar considerations apply for purchases creditors and stocks In the question if one looks at the six month period as a whole the company is projected to incur a loss even though during the sixth month it returns to profitability The loss for the six month period is 576 000 As a result an amount of 576 000 needs to be financed negative cash flow

1 pages | 397 words

Albert Einstein was a German Physicist and Mathematician

Albert Einstein was a German physicist and mathematician who developed many theories and new discoveries throughout his life Albert was born in W├╝rttemberg Germany on March 14 1879 Very soon after Albert was born his entire family decided to move to Munich where he began his education at the Luitpold Gym Later on in his life his family made another move to Italy and Albert continued his studies at Aarau Switzerland In 1896 Albert was enrolled in the Swiss Federal Polytechnic School in Zurich and was trained to be a teacher in physics and mathematics Albert received his diploma in 1901 and in 1905 he obtained his doctor s degree Albert would work on new discoveries in his free time and by 1909 he became Professor Extraordinary at Zurich Many years later Albert became a German citizen in 1914 Albert was living in Berlin until he renounced his citizenship due to the Nazi party targeted his work Albert emigrated to American and became the Professor of Theoretical Physics at Princeton Albert gained his United States citizenship in 1940 and retired in 1945 Albert later died on April 18 1955 due to an abdominal aortic aneurysm Albert is considered one of the most influential physicists of the 20th century due to the way that he revolutionized the way that we look at the world Albert Einstein throughout his life made countless discoveries and theories however his most famously known discoveries include the Special and General Theory of Relativity the concept of mass energy equivalence and his development of the famous equation E mc┬▓ Albert also received the Nobel Peace Prize in 1921 for his contributions to theoretical physics and for his contributions to the early development of quantum physics His best known discovery is his Theory of Relativity His theory changed the way that scientists viewed the world and set a foundation for inventions that include nuclear bombs and nuclear energy This theory is so important because at the time it was a new concept that took the place of the existing and accepted theories by Sir Isaac Newton on he Law of Universal Gravitation His theory shows that acceleration and gravity are indistinguishable and it changed the way that past an modern day scientists view everything This theory also predicted the existence of black holes an expanding universe time dilation length contraction gravitational light bending and finally the curvature of space time

2 pages | 781 words