Financial Information System - Free Essay Example

Sample details Pages: 8 Words: 2349 Downloads: 4 Date added: 2017/06/26 Category Finance Essay Type Analytical essay Level High school Did you like this example? T Financial Information System List of Tables Table No. Description Page 1 Sales figures for the month of October 2013 4 2 Sales figures for the month of November 2013 4 3 Sales figures for the month of December 2013 5 List of Figures Don’t waste time! Our writers will create an original "Financial Information System" essay for you Create order Figure No. Description Page 1 Product Details and Prices 6 2 Monthly Sales Figures 7 3 Sales Bonus Calculation 1 8 4 Sales Bonus Calculation 2 9 5 Sales Bonus Calculation 3 9 6 Profit and Loss Account for October 2013 to December 2013 11 7 More information on Profit and Loss Account 11 Question You are required to develop a financial information system based on a fictional company of your choice. The company will be a small business run as a sole trading enterprise. The company sells three products to its customers using five self-employed sales people. The company only has limited computing resources and you are required to develop the system using Excel 2010. The companyà ¢Ã¢â€š ¬Ã¢â€ž ¢s most urgent need is to have information concerning the profitability of the products they sell; the profitability of the locations where they are selling their products; and the performance of their salespeople. The company would like to use the system for forecasting and analysis purposes and therefore expects it to be constructed in such a way that data can be varied and results calculated automatically. The companyà ¢Ã¢â€š ¬Ã¢â€ž ¢s price list is based on a mark-up of 80%. The sales people receive a small basic monthly salary plus sales bonus of 33% paid one m onth in arrears. Question 1 A) Write a brief description of the company and the business in which it is engaged. (Max 250 words). MATTA Travel MATTA Travel was set-up as a sole-proprietorship since 8th June 2013 and based in Penang, Malaysia. It is engaged in the business of selling black luggage bag in three different sizes 20 inches (lug20), 22 inches (lug22) and 24 inches (lug24). The company marked-up the products by the margin of 80%. MATTA Travel was handled by Mr Lim à ¢Ã¢â€š ¬Ã¢â‚¬Å" the owner and he hired five sales people to sell company products to customer. The sales people are self-employed and implement their own marketing approaches. Each of them market and sell the products to different locations such as Air Itam, Georgetown, Bayan Lepas, Bukit Tambun and Butterworth. The sales people receive a small basic monthly salary plus sales bonus of 33% on the sales value of the products sold. The sales bonus will be paid one month in arrears. Question 1 B) Provide data for three months of trading. October 2013 Markesh/ Air Itam Keith/ Georgetown Chun Keat/ Bayan Lepas Ibrahim/ Bukit Tambun Julia/ Butterworth lug20 5 3 2 3 1 lug22 4 3 3 3 4 lug24 2 3 2 3 2 Table 1: Sales figures for the month of October 2013 November 2013 Markesh/ Air Itam Keith/ Georgetown Chun Keat/ Bayan Lepas Ibrahim/ Bukit Tambun Julia/ Butterworth lug20 6 5 4 3 5 lug22 6 5 6 5 7 lug24 5 6 4 5 6 Table 2: Sales figures for the month of November 2013 Question 1 B (cont..) December 2013 Markesh/ Air Itam Keith/ Georgetown Chun Keat/ Bayan Lepas Ibrahim/ Bukit Tambun Julia/ Butterworth lug20 8 7 6 4 6 lug22 7 6 7 5 8 lug24 7 8 6 5 6 Table 3: Sales figures for the month of December 2013 The above tables show the sales figures of five sales people during the month of October 2013 to December 2013. The data is shown according to luggage bag size and sales people. The code lug20 represent 20 inches luggage bag, lug22 represent 22 inches luggage bag and lug24 represent 24 inches luggage bag. The sales people that employed by MATTA Travel are Markesh who based in Air Itam, Keith who based in Georgetown, Chun Keat who based in Bayan Lepas, Ibrahim who based in Bukit Tambun and Julia who based in Butterworth. Question 1 C) Construct a financial information system, using Excel 2010, which meets the companyà ¢Ã¢â€š ¬Ã¢â€ž ¢s requirements. I have since constructed a financial information system using Excel 2010 to meet the companyà ¢Ã¢â€š ¬Ã¢â€ž ¢s requirements as per figures attached below. I will explain the usage of each sheet below the figure. Products Details and Prices Figure 1: Product Details and Prices The Figure 1 shows Products Details and Prices sheet. In here, the user must first set up the markup margin and the cost price for each luggage bag. Once markup margin set and cost price keyed in, the system will auto calculate the sales price. The formula as follow: (Cost Price * Markup Margin) + Cost Price Question 1 C (cont..) Monthly Sales Figures Figure 2: Monthly Sales Figures Question 1 C (cont..) The Figure 2 shows Monthly Sales Figures sheet. In Figure 2, the user will need to key in the sales figures for the month of October 2013 to December 2013 according to product code. Once the sales figures are keyed in, the system will auto calculate the SUBTOTAL for each product code according to sales people and area. The system will also calculate the TOTAL for each product code according to month and TOTAL for 3 months. From here, we are able to get the information about best-selling item. The best-selling item during the October 2013 to December 2013 is lug22 à ¢Ã¢â€š ¬Ã¢â‚¬Å" 22 inches luggage bag which sold 79 units, follow by lug24 à ¢Ã¢â€š ¬Ã¢â‚¬Å" 24 inches luggage bag which sold 70 units and lug20 à ¢Ã¢â€š ¬Ã¢â‚¬Å" 20 inches luggage bag which sold 68 units. We also can get the information about purchases for the particular product code from the à ¢Ã¢â€š ¬Ã‹Å"Total Cost Price by Products (RM)à ¢Ã¢â€š ¬ â„ ¢. It will auto generate by using the sales figures key in by user and multiply by the cost derived from à ¢Ã¢â€š ¬Ã‹Å"Products Details and Pricesà ¢Ã¢â€š ¬Ã¢â€ž ¢ sheet. Sales Bonus Calculation Figure 3: Sales Bonus Calculation 1 Question 1 C (cont..) Figure 4: Sales Bonus Calculation 2 Figure 5: Sales Bonus Calculation 3 Question 1 C (cont..) The Figure 3 to 5 show Sales Bonus Calculation sheet. In here, the user will need to set the Bonus Margin and the system will auto calculate the TOTAL SALES and BONUS for each sales people, each product code and each month. The Sales (Units) is taken from à ¢Ã¢â€š ¬Ã‹Å"Monthly Sales Figuresà ¢Ã¢â€š ¬Ã¢â€ž ¢ sheet and whenever any changes make to there, the figures will change too. The Value (RM) the cost price of product and is taken from à ¢Ã¢â€š ¬Ã‹Å"Products Details and Pricesà ¢Ã¢â€š ¬Ã¢â€ž ¢, the amount will be changed too if there is any changes make to there. Total Sales (RM) column will show the sales for each product code and the formula is: Sales (Units) * Value (RM) Bonus (RM) column shows the bonus calculation based on the total sales and bonus margin set. The formula is: Total Sales (RM) * Bonus Margin While for the Total for Oct 13, Total for Nov 13 and Total for Dec 13, these three rows will show the total of Sales (Units), total of Sales and Bonus received for each sales people. The above applied to all sales people column and at the second last column à ¢Ã¢â€š ¬Ã‹Å"Total Sales for the month ofà ¢Ã¢â€š ¬Ã¢â€ž ¢ indicates the total sales for three product code for that month i.e. October 2013, November 2013 and December 2013. While for à ¢Ã¢â€š ¬Ã‹Å"Total Bonus Paid for the month ofà ¢Ã¢â€š ¬Ã¢â€ž ¢ indicated the total bonus paid to sales people during the particular month. The last row of the sheet indicates the TOTAL of all columns for three months from October 2013 to December 2013. Those columns calculated for individual sales people are Sales (Units), Total Sales (RM) and Bonus (RM). While for à ¢Ã¢â€š ¬Ã‹Å"Total Sales for the month ofà ¢Ã¢â€š ¬Ã¢â€ž ¢ and à ¢Ã¢â€š ¬Ã‹Å"Total Bonus Paid for the month ofà ¢Ã¢â€š ¬Ã¢â€ž ¢ indicates t he overall figures. Question 1 C (cont..) Financial Information Figure 6: Profit and Loss Account for October 2013 to December 2013 Figure 7: More information on Profit and Loss Account Question 1 C (cont..) The Figure 6 and 7 show the Financial Information sheet. In here, user do not required to key in any information. All the figures are link to previous sheet and calculation is done based on the figures derived. à ¢Ã¢â€š ¬Ã‹Å"Salesà ¢Ã¢â€š ¬Ã¢â€ž ¢ in Figure 6 is taken from TOTAL of à ¢Ã¢â€š ¬Ã‹Å"Total Sales for the month ofà ¢Ã¢â€š ¬Ã¢â€ž ¢ column from à ¢Ã¢â€š ¬Ã‹Å"Sales Bonus Calculationà ¢Ã¢â€š ¬Ã¢â€ž ¢ sheet. While for à ¢Ã¢â€š ¬Ã‹Å"Purchasesà ¢Ã¢â€š ¬Ã¢â€ž ¢, it is taken from à ¢Ã¢â€š ¬Ã‹Å"Total Cost Price by Products (RM)à ¢Ã¢â€š ¬Ã¢â€ž ¢ of à ¢Ã¢â€š ¬Ã‹Å"Monthly Sales Figuresà ¢Ã¢â€š ¬Ã¢â€ž ¢ sheet. Gross Profit = Sales à ¢Ã¢â€š ¬Ã¢â‚¬Å" Purchases, which indicates the profitability of the products before deduct other expenses. à ¢Ã¢â€š ¬Ã‹Å"Sales People Bonusà ¢Ã¢â€š ¬Ã¢â€ž ¢ is referred to à ¢Ã ¢â€š ¬Ã‹Å"Total Bonus Paidà ¢Ã¢â€š ¬Ã¢â€ž ¢ from Sales Bonus Calculation sheet. Net Profit = Gross Profit à ¢Ã¢â€š ¬Ã¢â‚¬Å" Sales People Bonus, which shows the profit after deduct expenses. Figure 7 indicates the information needed by the company such as profitability of the products they sell; the profitability of the locations where they are selling their products; and the performance of their salespeople. Question 2 A) What do you understand by the term à ¢Ã¢â€š ¬Ã‹Å"quality informationà ¢Ã¢â€š ¬Ã¢â€ž ¢? In answering this refer to your system which you have developed in question 1 above (max. 200 words). Quality information describes the standard of the content of information; it is also defined as the fitness for use of the information provided. Information is a product used to support decision-making, and its quality is manageable. The above system meets the company requirement i.e. profitability of the products they sell; the profitability of the locations wher e they are selling their products; and the performance of their salespeople. Thus, I would consider the system provide quality information. The business owner also can make decision with the quality information, for an example, how he can increase the profit; by increase the selling price or have a lower cost price, the profit can be increased. The system will also provide other information such as best selling product, best salesperson, best sales area, best sales month and etc. With these information, the business owner can implement his plan or strategy to allocate more resources to the particular product, area or salesperson. In conclusion, a system that can meet user requirement and allow user to make decision to improve business, it will consider as a quality information system. Question 2 B) How would you ensure your system continued to provide quality information? (max 200 words). The characteristics of quality information are accuracy, completeness, consistency, and timeliness. The information recorded into database must be accurate and reliable. Accuracy of the information can be validated by comparing the sources of data and the motivation for the information is being produced must be unbiased. A database system that is accurate and valid helps to develop business ideas and promoting its objectives. Completeness of data is important to endure high quality information. If the data is incomplete or only contains partial information, it fails to provide full picture. The facts and figures should not be concealed or missed out. Consistency is another aspect of quality information. For example, the column for Post Code entry 5 digits is the expected length of the field; we will set in the database, a number more or less than 5 digits will not be accepted. If the field are not set to a specific limit for the information, the consistency might not meet. Lastly, timeliness is also one of important attribute of information. Real-time information is a fundamental of timeliness. To access accurate information at the right time, the information should be communicated in time by selecting appropriate channel of communication. Question 2 C) Explain how the owner of the business benefits from this information (max 200 words) Possessing high quality information helps to improve business performance in term of financial, operations, marketing metrics and so on. Quality information ensures the data meets the needs of the owner of the business. The managing director doesnà ¢Ã¢â€š ¬Ã¢â€ž ¢t have time to go through all reports; he wants the key facts of the details to make timely decision for company development. Besides, quality information presented using summaries can be communicated effectively to inform decisions about all aspects of business. Clear and concise information keeps workforces in the company and even customer current about companyà ¢Ã¢â€š ¬Ã¢â€ž ¢s direction. Quality information in a useable form i ncreases productivity in the fast-moving business environment. High quality information understands customer needs and provides clear information about the business, products and services, which can attract new potential business and keep existing customers up to date on company improvements. It also presents the business as dynamic and professional. The quality information publicizes the businessà ¢Ã¢â€š ¬Ã¢â€ž ¢ objective accurately and provides verified details that communicate latest messages. Effective database system helps in knowledge management, as it enables managing director to monitor companyà ¢Ã¢â€š ¬Ã¢â€ž ¢s operations and enhances collaboration among workforces. This also ensures better ways to measure performance and manages resources cost effectively. Question 3) The owner of the business realizes that all decisions connected with the future development of the company come from him and him alone. How would you suggest that he organises his workforce so tha t they can freely pass their ideas to him? (max 250 words). An effective way to run a business efficiently is to organise different department. The organisation can be structured to carry out its various activities to ensure that every workforce is well-aware of businessà ¢Ã¢â€š ¬Ã¢â€ž ¢ objectives and communications. The process of organising are division of work, departmentalization according to job specification, linking departments to shape overall organization structure, assigning duties to each departments and lastly, defining hierarchal structure in the department. As each department specialised into smaller assigned tasks according to their qualification, they can propose a quality ideal to the business owner after finalising the discussion among themselves. This is a win-win situation as the ideal of workforce can be heard and the business owner can get a more concrete and beneficial ideal from expert who know what is good for company future development. Beside s, in the organization, the function of every workforce is defined clearly. Each manager in the departments play important role in managing the team and report to the business owner. This ensured that the latest key message from director can be passed through to every workforce and everyone knows where the company is heading to. Whenever the changes happen in company, organizing function helps to communicate these changes to every workforce and hence it can be adopted systematically. In short, departmentalization helps in effective administration and ensures every workforce can work productively in a well-aligned business structure. An effective organization structure will result in increased profitability of the business. References Website Wikipedia, the free encyclopedia. 2014. Information quality Wikipedia, the free encyclopedia. [ONLINE] Available at: https://en.wikipedia.org/wiki/Information_quality. [Accessed 11 March 14]. International Association for Information and Data Quality. 2010. IAIDQpublicationsISO 8000-the Emerging Standard for Data Quality. [ONLINE] Available at: https://iaidq.org/publications/doc/west-2009-07.shtml. [Accessed 13 March 14]. Computer Business Research. 2014. Five characteristics of high quality information Computer Business Research. [ONLINE] Available at: https://www.computerbusinessresearch.com/Home/database/five-characteristics-of-high-quality-information. [Accessed 09 March 14]. ACCA Training Course Notes. 2012. ACCA Training Course Notes: Characteristics of Good Quality Information (ACCURATE).. [ONLINE] Available at: https://accalecturenotes.blogspot.com/2011/03/characteristics-of-good-quality.html. [Accessed 18 March 14]. CD Attachment

Good Vs Evil In Beowulf - 1618 Words

Bertha 2 Caroline Bertha Mrs. Morris English 11 28 August 2017 Beowulf The Anglo-Saxon people seemed very spiritual. They seemed to support proper burials of the dead, as seen when Shield passed away at the beginning of the story. They tried to live by peace and only get involved in conflict when necessary. Some similarities between their culture and our culture would be the need to protect what is ours. Everyone in today’s world wants to protect their country, family property, and it was the same way back then. All that they wanted was to protect Heorot and their land. Good vs. Evil is represented through†¦show more content†¦While Demi hasn’t fought physical battles with demons, she has faced her emotional demons and been very open about her battles with depression and eating disorders. The first battle that Beowulf fights is against Grendel, a demon who is destroying the peace in the Danes village. He conquers it with his bare hands and thinks it is over. But, Grendel’s mother wants revenge for the death of his son. So she starts attacking the village. Beowulf then has to go to her home to fight her, and swim into a filthy swamp, which is her home. He uses a sword named Hrunting to kill her, and he brings back pieces of her and Grendel to show his victory. The last battle he faces is against a dragon who is protecting treasure. A thief steals some, causing the dragon to go wild and destroy villages. Beowulf decides to fight him and while he does kill the dragon, he ends up dying from the bite he inflicted on him. They are similar in that Beowulf never gave up in any of them until whatever he was fighting was dead. They differ in the fact that Beowulf died fighting the dragon, but survived fighting the demons. 5. Beowulf lives up to the heroic paradox by dyin g while fighting the dragon. This was considered a battle, because he was fighting to protect his village. This explains Beowulf’s motivation to kill Grendel because he knew either way he would be remembered as a hero, whether he died or not. 6. This poem is put together in stanzas, but it does not rhyme. The details andShow MoreRelatedGood vs. Evil in Beowulf1456 Words   |  6 PagesGood vs. Evil in Beowulf Beowulf is longest and greatest early Anglo-Saxon poem which was composed in England sometime in the eighth century AD by a literate scop. This poem was created in the oral poetic tradition. This poem is considered as an epic because it is a long narrative poem which composed in an elevated style, dealing with the glories of hero (Tolkien 24). The setting of this epic is the six century in Denmark and southern Sweden. The protagonist, Beowulf is a noble warrior representsRead MoreGood vs. Evil Found in Beowulf807 Words   |  3 PagesGood vs. Evil Found in Beowulf In the story of Beowulf, there are many different themes found. Many people argue the main theme found in this story. This has been argued for a very long time and will go on for many more years to come. Although many themes in this story stick out and a main theme will never be accepted, one main theme is very noticeable in the story of Beowulf. The main theme found in Beowulf is good versus evil. Good versus evil is very easy to recognize. â€Å"Some peopleRead MoreEssay on Good vs Evil in Beowulf1568 Words   |  7 PagesIn Beowulf, the clash between good and evil is the poems main and most significant focal point. Although the epic poem Beowulf utilizes many characteristics of Christian themes, the violence in the poem relates to paganism. By exploring the characteristics of â€Å"good vs. evil† such as Cain, Grendel and Beowulf, this paper will explore the elements of Beowulf in such a light. The Anglo-Saxon poem, Beowulf, was originally told orally then later was written down anonymously in the Old English languageRead MoreTheme Of Good Vs Evil In Beowulf753 Words   |  4 Pagespoem of Beowulf, the theme is good vs. evil. But in the movie Hollywood made, everything is different. Beowulf is not honest, women are sexually powerful, and the monsters are Hrothgar and Beowulf’s sons, etc. They added many things that were definitely now in the poem. If you read the poem, then watching the movie you would be confused. You would be asking so many questions. But the current audience thinks good vs. evil is boring. Nobody likes a liar and the Hollywood version of Beowulf makes himRead MoreGood vs. Evil in Beowulf Essay931 Words   |  4 PagesIn the epic poem Beowulf, the struggle between good and evil reveals its omnipresence in even the oldest of tales. The many allusions and symbols throughout the story relate to Christianity and other Pagan beliefs. By looking at them, it becomes apparent that the author of Beowulf believed that the constant war between good and evil is not only fought by the common man but also in the ranks of their highest esteemed rulers and warriors, and even in their dreaded nightmares where monsters lurk andRead MoreGood Vs. Evil In Lord Of The Flies And Beowulf944 Words   |  4 PagesPower in all the wrong places Good v. Evil, it’s way more than just a concept, it’s more of a lifelong struggle inside of you. What more could you do when evil is shown all around you? Many of us may see the struggle between good and evil in the people we come across everyday. Flawed individuals may be perceived as good but are bad in the eyes of someone else; it all comes down to how you see it. The exposure to things and memories you make help impact the good in you. In order to further evaluateRead MoreGood vs Evil in the Epic of Beowulf Essay examples498 Words   |  2 Pagespoem Beowulf, there is an obvious distinction between good and evil. The hero and his foes play roles that are commonly associated with Anglo-Saxon literature. The lines are clearly drawn and expressed in the poem. As the story moves, the reader cannot mistake the roles being played, based on the characterizations in the epic, one recognizes each character for their purpose and place. The epic is named after the hero, Beowulf, who is a man â€Å"with gleaming armor.† (line 130) Because Beowulf is â€Å"theRead MoreGood vs. Evil1659 Words   |  7 Pages Good Vs. Evil In Beowulf, the conflict between good and evil is the poem s main and most important aspect. The poet makes it clear that good and evil doesn’t exist as only opposites, but that both qualities are present in everyone. Beowulf represents the ability to do good or to perform acts selflessly and in help of others. 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Regression Theory Methods and Applications †MyAssignmenthelp.com

Question: Discuss about the Regression Theory Methods and Applications. Answer: Introduction This report shows the relationship between the GDP and the port traffic. To estimate the relation, a regression analysis is conducted to determine the slope coefficient. With the help of a regression equation, it can be determined that to what extent the traffic changes depending upon the increase and decrease in GDP. The report also includes that to what extent traffic will be affected by a 2% increase in GDP. Regression analysis has been performed in order to solve the same. A GDP of a country will adversely affect its port traffic data. An increase in GDP will increase the traffic in the country. It is very important for the government to get its facts clear about GDP in order to determine traffic growth management. A proper method is used to conduct the research and to find out the relationship between GDP and port traffic. Following variables are selected to perform a regression analysis. X: it is an independent variable. As per the data, GDP is taken as an X variable. Y: it is an dependent variable and the given traffic data is considered to be Y because it depends upon the changes in GDP A method of regression analysis is used in order to find the relationship between GDP and port traffic data. A general regression equation is Y=A+Bx (Seber Lee, 2012). Y is the dependent variable, which is to be predicted. A stands for alpha or constant. The value of Y is equal to A, when X is equal to zero. B means beta is the coefficient of X or the slope of regression line. X is the independent variable, on which value of Y depends (Sen Srivastava, 2012). In context to world The relation between GDP and traffic data of the world is identified by using regression analysis. A regression equation is formed on the basis of which results are derived. A general regression equation is Y=A+Bx (Seber Lee, 2012). The below data relates to the GDP of overall world from 2005-2015 including several countries. Although the data for port traffic is given from 1996-2016 but for comparison, traffic data has been taken for the same period as of GDP. Data: Overall World Year GDP Traffic (dependent-Y) 2005 4,68,46,562.58 37,15,31,066.03 2006 5,38,56,933.86 32,30,84,816.18 2007 6,22,87,613.36 32,17,21,995.55 2008 7,16,94,770.04 27,25,28,200.00 2009 5,58,36,300.10 25,70,76,764.50 2010 6,78,44,395.31 29,33,00,431.75 2011 8,13,13,055.71 29,70,19,863.00 2012 8,20,74,909.57 31,74,33,197.00 2013 8,44,04,438.30 32,26,20,177.50 2014 8,43,96,763.46 39,83,11,678.00 2015 7,33,62,771.37 40,21,86,242.00 Calculation of regression equation SUMMARY OUTPUT Regression Statistics Multiple R 0.125528054 R Square 0.015757292 Adjusted R Square -0.093603009 Standard Error 49856404.43 Observations 11 ANOVA df SS MS F Significance F Regression 1 3.58149E+14 3.58149E+14 0.144086037 0.713053944 Residual 9 2.23709E+16 2.48566E+15 Total 10 2.27291E+16 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0% Intercept 293844084.2 83871194.23 3.503516158 0.006686437 104114261.8 483573906.6 104114261.8 483573906.6 X Variable 1 0.451002953 1.188142245 0.379586665 0.713053944 -2.236761531 3.138767436 -2.236761531 3.138767436 Regression Equation Y= A+Bx Y=293844084.20+0.45*X Y (dependent variable) Traffic 0.90% 2.900% X (independent) GDP B Slope or beta A Intercept From the given data, a regression equation is formed by using the formula. In this, Y is traffic data which is dependent and X is GDP data which is independent. The relationship between these two is identified using regression analysis. The calculation performed above shows that to what extent traffic data changes as GDP increases or decreases. The equation formed is: Y=293844084.20+0.45*X A= 293844084.20 B=0.45 For example, if the value of GDP (X) is 10,00,00,000 then, what will be the value of traffic data (y). The regression equation for this will be: Y=293844084.20+0.45*10,00,00,000 and the value of Y can be computed. Now addressing the question which is if the GDP increase by 2%, will the traffic data increase or decrease. The answer to this is calculated above and it seems that there is a positive relationship between GDP and port traffic. If value of X increase by 2% then the value of Y will also increase by 2.90%. This implies that rise in the overall GDP of world will lead to an increase in the port traffic. In context to UAE A linear regression is also performed to find out the relation between GDP and port traffic of UAE particular. The below data is exclusively related to the country GDP and traffic. Data: UAE only Year GDP Traffic (dependent-Y) 2005 1,17,287.13 1,34,33,352.38 2006 1,45,587.47 1,29,38,693.75 2007 1,78,630.36 1,44,59,505.50 2008 2,39,212.53 1,39,39,740.00 2009 1,92,000.00 1,38,74,367.00 2010 2,14,000.00 1,45,98,299.00 2011 3,02,000.00 1,58,51,696.00 2012 3,49,000.00 1,76,00,000.00 2013 3,79,000.00 1,76,00,000.00 2014 3,75,000.00 2,08,66,050.50 2015 2,65,000.00 2,15,92,000.00 Calculation of regression equation SUMMARY OUTPUT Regression Statistics Multiple R 0.73927209 R Square 0.546523223 Adjusted R Square 0.496136914 Standard Error 2118818.21 Observations 11 ANOVA df SS MS F Significance F Regression 1 4.86949E+13 4.86949E+13 10.84666129 0.0093272 Residual 9 4.04045E+13 4.48939E+12 Total 10 8.90994E+13 Coefficients Standard Error t Stat P-value Lower 95% Lower 95.0% Upper 95.0% Intercept 10012052.43 1946762.51 5.142924408 0.000608898 5608169.682 5608169.682 14415935.18 X Variable 1 24.16683158 7.337898095 3.293426982 0.0093272 7.567352876 7.567352876 40.76631028 Regression Equation Regression Equation Y= A+Bx Y=10012052.43+24.17*X Y Traffic 48% 50.340 % X GDP B Slope or beta The above calculation is done on the basis of the data given for a particular country which is UAE. Regression equation formed by using formula is: Y=10012052.43+24.17*X A= 10012052.43 B= 24.17 As it is already discussed that putting the value of X (GDP) in the equation will give the value of Y (traffic). So solving the question in context of UAE, if GDP rises by 2% then the port traffic will be 50.340%. Increase in GDP is equal to the 2% of beta. Analysing the relation on the national basis also shows that port traffic is directly and positively related with GDP. Conclusion The report concludes the fluctuations in GDP will have its effects on port traffic of a country. Increase or decrease in traffic is dependent upon the rise or fall in the GDP growth. Both have a positive relationship which is identified by using regression formula. References Seber, G. A., Lee, A. J. (2012).Linear regression analysis(Vol. 936). John Wiley Sons. Sen, A., Srivastava, M. (2012).Regression analysis: theory, methods, and applications. Springer Science Business Media.

Who Moved My Cheese an Example by

Who Moved My Cheese? In this fast changing world, life is really a matter of chance. Every decision made by a person will not work out without determination and hard work. The characterization made in the book Who Moved My Cheese by Spencer Johnson is a clear manifestation of how human beings behave in the society. Need essay sample on "Who Moved My Cheese?" topic? We will write a custom essay sample specifically for you Proceed The animals in the story bear different characteristics that can be attributed to different personalities among humans. The four main characters in the novel show different actions and reactions towards the problem at hand. Students Usually Tell EssayLab writers: How much do I have to pay someone to write my paper online? Essay writers recommend: Ask Us To Write My Paper And Get Professional Help Just like people who have diverse attitudes and behaviors, they have to face the challenges in the novel so that they can achieve their dream cheese. It is not peculiar to relate animals with human beings because it has a close resemblance. Juts like a mouse, a person tends to work hard in order to get some cheese. The cheese in the story is not any ordinary cheese; it symbolizes the goals and aspirations of the mice in the story which possess different personalities. The symbolisms and themes used in the book played a great job in exposing the point of view of the other in the best possible way. The book in general is about success and people. The cheese in the book symbolizes success and the 2 mice and 2 little people symbolize different people. The readers can see themselves from the characters that mirror their personality when it comes to decision making and learning about the idea of success. Book Summary Four characters were presented in the book. These are the little people Hem and Haw and the mice Sniff and Scurry. Lets characterize them one by one: Sniff is simple minded and uncomplicated, he anticipates changes early by sniffing it which is also his way in finding cheese everyday. Scurry is also like Sniff, simple minded and uncomplicated, he quickly scurries into action and adapt to the environment which in fact made him bump into walls when finding cheese on dark places. As they continue their everyday quest in finding cheese, when they found out that their cheese supply is nearly out of hand, Sniff and Scurry were prepared for the inevitable and knew instinctively what to do. The 2 mice did not over analyze things and were not burdened by many complex beliefs. They just accepted the fact that their cheese supply is nearly out of hand and so they were quickly off in search of New Cheese. Their trial and error method works though sometimes this will put their lives at risk like scurry being bumped on walls. On the other hand Hem and Haw are both full of complexities and they are complicated. But since the same scenario happened to hem and haw when they find out that their cheese is gone they find it hard to accept it and continuously hem and haw to the incident. Hem was yelling and complains that life is unfair for them since they worked hard for those cheeses, Hem denies the change that has happened with their cheese and Haw wants to ignore what he hears because he didn't want to deal with what was facing him so he just turned everything out. Haw easily give up and panicked when the cheese was moved. Haw had learned to adapt in time when he sees something better, as he observed from the 2 mice's activity and this made him learn a very important lesson about change, productivity and activity. Personal Work Experience My work as a (insert your profession here) demands alertness and hard work in everything. A slight change in my decision can lead to my downfall. It is the event that I never want to happen. I also value other people like my co-workers and I cannot afford loosing them too. Everyday gives us new and challenging experiences. Our company is like a big room full of cheese. There are many possibilities at hand and we should be careful enough in choosing which the best cheese is. Part of my profession is having the same work everyday, although at some points I feel a little boredom, I need to see things in a different perspective. Change is inevitable and I should always deal with it with optimism. I can say that my personality is more of a Haw, where at times i tend to be at ease with what I already have. And i also make things complicated once change occurs. I sometimes want to ignore what is already happening but later on i began to realize and adapt in due time those better reasons why certain things had happen and change is really unavoidable in this world. Lessons on productivity and activity are also one key term for me. We have to move everyday and live like there's no tomorrow. Conclusion The challenge in this book is how willing people are to accept changes in their everyday lives. Basically we always take things for granted and be confided with the stereotypical days of our lives. Are we going to be stuck like Hem,Haw, Sniff and Scurry rising up every morning outs on their jogging suits and running shoes leaves their homes and race around the maze looking for their favorite cheese? Don't wait for someone to move your cheese first before you do something. You have to seek for wider horizons and greater possibilities. There are many realizations and lessons that we can adopt from the book and apply in our lives especially for managers who play an important role in every organization. Managers should anticipate change and be ready to handle them. At the same time adaptation to these changes is really a must. Everyone have to enjoy these changes because everything happens for a reason struggles makes people stronger and well prepared for the future. Reference Johnson. Spencer (2002) Who Moved My Cheese? Vermilion Publishing