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Understanding the Concepts - Essay Example

I was moved by his ambition because it would require him to be able to adapt to multiple cultures that exist across the world or he would be in for a culture shock. From the looks of it, listening to him would make you think he was ready to for the challenge but unfortunately, he fell at the first hurdle.
My new friend, Omar asked me if I could loan him some money as he was in a slight financial trouble. I told him I am just a student and I could not be able to help in the way that he wanted me to. He was disappointed because according to him, people from my country are all rich and a few thousand dollars would be like spare change to us. This came as a shock to me because my family is not rich and my parents work really hard to be able to pay my tuition fees and the other family bills. It was late in the night and I totally lost the interest I had in his ‘project’ as he was only looking for people from my country with the notion that they would give him money without having to work for it. He was on the internet to look for money and not friends as he had indicated earlier. The misunderstanding was not resolved because when I tried to explain to Omar that not everybody in my country is rich, he refused to believe me and got angry so I had leave him alone to avoid further conflict with him. He assumed that I was lying and that due to the power of the dollar against their local currency, there must be a lot of money in my country and that I am just stingy and unwilling to help.

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Understanding the Concepts
Hence without understanding the different concepts of financing and their results, it would become difficult to realize and come to proper financial decisions. The present study focuses on the understanding of different concepts of finance that a small business owner would require in his/her decisions and include topics like NPV, debt financing, risk-return relationships, concept of beta, and systematic and unsystematic risk.
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Understanding the Concepts
Financial ratios serve to help a business monitor its progress, noticing all the trends and the factors inhibiting its desired performance. There are various financial ratios that are key to the running of a small business. These ratios include the current ratios, which are applied to measure the liquidity of a business, thus determining how well the business is placed to undertake business activities, such as investments, which may call for immediate liquid cash (Horcher, 2005).
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Understanding the Concepts
As a small business an important ratio category to consider is the liquidity of the business. A company that is liquid has sufficient cash to pay for all the expenses of the firm during a period. The current ratio is calculated by dividing current assets by current liabilities.
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Assignment: Understanding the Concepts
Financial ratios are tools used in large, medium and small size businesses to evaluate their financial performance and progress by looking on their income statements, as well as statement of financial position in comparing current and previous performance (New South Wales Government, 2012).The most common financial ratios used by small business include: solvency ratios, profitability ratios and liquidity ratios to name just but a few.
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Assignment: Understanding the Concepts
The ratios can be divided into various categories such as profitability, gearing and liquidity, each focusing on a different area of the financial outlook of the organization and highlighting the company’s performance. These analysis form an integral part of the financial statement analysis, especially from the investors point of view, who always strive to invest in companies having strengthened and stabilized financial ratios representing an upward trend.
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Understanding the concepts
As compared to concepts like time value of the money, present and future value, inflation and other financing factors the NPV method is more suitable for making good financial decisions since the payback method does not take those aspects into account.
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Understanding the Concepts
Hence financial ratios that are the basic to the need of an understanding of the financial status are applied in smaller organizations that present an analysis of the profits and
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Understanding the Concepts
Some of its objectives include making maximum profits while offering quality products and services to its consumers. Due to the stiff competition in the market, the company was forced to offer cheap products at relatively
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The most effective way for owners of small businesses to utilize financial ratios is by conducting a ratio analysis on regular intervals. Ratios
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One major reason for employee training is the rapid changes in the work environment that limits performance within the organization. Each day, the working conditions change and the employees have to adjust to these changes if they have to
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event shows that the cultures and imaginations of people around the world especially in the developing countries are way different to most of the cultures in the developed nations (Staib lecture 9/9).
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I was browsing through a random Facebook page and met new people who had similar interests to mine or so I thought. I added one into my friends list hoping that we would be able to share a lot due to the impression he had given me. …
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