Report Would Demonstrate Fact That Online †Myassignmenthelp.Com

Question: Clarify Report Would Demonstrate Fact That Online? Answer: Presentation The innovation has affected a significant way business work in this cutting edge serious world (Deresky 2017). The statistical surveying is some significant rules in advertising work segment. It is significant for realizing the qualities just as shortcoming of the contenders and to remain in front of the solid rivalry. The mechanical headways have gotten increasingly spry and effective with the goal that the associations can effectively make their situation in the market (Deresky 2017). The innovation is answerable for giving endless chances to the cutting edge organizations and for making significant employments of the business insight. This report is focused on the senior administration to show The effect of innovation on the promoting research in todays business condition. Conversation The innovation part has made the statistical surveying task a lot simpler. The online statistical surveying is a shelter to the advertising experts and they have changed the organizations work in present day proficient circle (Kaufman and Horton 2014). ResMarket Pty would have noteworthy points of interest if the organization takes part in the consolidation of mechanical headways in the statistical surveying capacity (Deresky 2017). The organization can embrace a frictionless statistical surveying device which would assist them with engaging every one of their respondents and give genuine bits of knowledge about the market. Coming up next are the key advantages that would be gotten from the execution of innovative highlights in the statistical surveying High caliber and dependable information The organization would have the option to gather high caliber of information by recording the genuine reactions of the representatives. The innovation stages empower the miscreants that give degenerate information and helps assemble just real information. This sort of online statistical surveying helps in social affair of measurably dependable information which has been gathered with the assistance of quantitative examination (Gray 2016). The organization can confide in these information and can structure their promoting programs likewise. Improved information assortment The time taken by online statistical surveying instruments is generally less and these devices have the capacity to steady spilling of new information (Deresky 2017). The online apparatuses are a long ways in front of the conventional information assortment instruments, for example, meetings, studies and center gatherings (Nunan and Di Domenico 2013). They can gauge the snappy criticism information and they can consolidate them to the organization data framework as well. Web-based social networking checking The new innovative part of statistical surveying would be fruitful in tapping the enormous capability of web based life sites (Gray 2016). The online networking have the ability to produce unfiltered criticism, which would assist the organization with knowing the genuine perspectives of the clients (Gray 2016). They would likewise have the option to know the inputs of the items or administrations that are propelled in showcase. The organization can become acquainted with many implied things about the objective market from the web based life information. Comprehend client better The web has improved it conceivable to have correspondence instruments with the clients just as comprehend their prerequisites (Gray 2016). The organization can utilize an assortment of cell phones and web instruments to remove the clients information. This crude information can be utilized to comprehend the necessities of the clients in a superior manner. The client necessity can be utilized to improve items and better administrations, which would be good for the objective markets. The advanced stage would assist the organization with connecting with the purchasers each time with different gadgets, channels and a wide range of touchpoints (Gray 2016). Cooperate with individuals in differing land regions Web has made it conceivable to cooperate with countless crowd who are situated in different geological spaces. ResMarket Pty is situated at Sydney yet it can communicate with an enormous number of clients over the world, which can be gainful for the exploration (Gray 2016). The organization can participate in information assortment from the clients situated in Middle East and South Asian nations too. Secret information insurance The online information of the statistical surveying is secure with the online instruments. There is higher encryption of the gathered information and they can be ensured by passwords just as different types of security (Nunan and Di Domenico 2013). The statistical surveying information can be placed in isolated organizers and they can be secret word secured so as to keep the gatecrashers from getting to them (Nunan and Di Domenico 2013). It likewise shields the information from malware, phishing endeavors and outsider interruption. This makes the online programming an advantageous and safe alternative for statistical surveying purposes. Improved examination of information The online information examination is significantly better and increasingly advanced (Taylor, Schroeder and Meyer 2014). There is better information examination which includes propelled techniques. This would help in the improvement of the drawn out reliability and more client maintenance. There would be all around characterized key execution markers for the propelled information frameworks (Nunan and Di Domenico 2013). This would help in better client relationship the board as there would be unmistakably more information examination. End The report shows that the online intercession in statistical surveying would be exceptionally gainful for the firm. It would not just improve the brand picture of the firm yet it would likewise help in more prominent income age of the organization. It might be with the goal that the organization brings about significant expense from the advertising research online usage however there are more prominent advantages from the equivalent. There are a few advantages of the innovation procedure in statistical surveying, which makes it a feasible choice. The organization ought to proceed in actualizing the innovative procedure in statistical surveying. References Deresky, H., 2017.International administration: Managing across outskirts and societies. Pearson Education India. Dim, S., 2016. The Changing World of Destination Market Research: A Comparison of Methods Utilized in Driving Traffic to an Online Survey. Kaufman, I. what's more, Horton, C., 2014.Digital showcasing: Integrating technique and strategies with values, a manual for administrators, chiefs, and understudies. Routledge. Nunan, D. furthermore, Di Domenico, M., 2013. Statistical surveying the morals of huge data.International Journal of Market Research,55(4), pp.505-520. Taylor, L., Schroeder, R. furthermore, Meyer, E., 2014. Developing practices and points of view on Big Data investigation in financial matters: Bigger and better or a greater amount of the same?.Big Data Society,1(2), p.2053951714536877

Importance Of Environmental Scanning Marketing Essay

Significance Of Environmental Scanning Marketing Essay This examination is with respect to the EMI Music Company, EMI bunch is an overall music library starting with one corner then onto the next corner of the world. This examination is just concentrating on the UK music market to concoct the promoting arranging and the advertising methodology of the organization. In the beginning this data is liberal a compact opening of the natural filtering and its result in specifications of EMI music library. Moreover this examination participate in promoting investigation through acting the full scale, small scale and swot examination. The finish of this report is partake in investigation the Uk music industry and Moreover this examination is playing out the market investigation by means of playing out the large scale, smaller scale and SWOT investigation. In the last piece of this report is examining the UK music market and fortification the matter of music in regard to EMI Music gathering. This examination is delineating the promoting blend 4Ps and PORTERS 5 powers. The report is finishing with some suggestion for EMI Music Company to design their business regarding promoting anticipating the premise of study that is finished. Natural Scanning Each association is liable for the condition that it makes. The associations activity and structure all straightforwardly influenced by the earth. Associations condition impacts on assets and openings that how they can be dealt with? It is essential goal of the association to deal with the companys tasks that how they are influencing nature. For the fruitful development and improvement of business it is imperative to grow such a procedures those can be help work the business tasks. [1] To comprehend the ecological examining it is imperative to distinguish the business and how it can influence the earth business around. The meaning of Environmental checking is Environmental examining is a procedure of social affair, breaking down, and apportioning data for strategic or vital purposes. The ecological examining process involves getting both truthful and emotional data on the business conditions in which an organization is working or thinking about entering. The natural filtering can be accomplished by a few different ways yet three significant methods of checking condition are given underneath: Impromptu Scanning: Very unpredicted and present moment, generally utilized in crises or emergency. Normal Scanning: This examining procedure being done after a specific period yet consistently (e.g once in a quarter or once in a year) Persistent Scanning: This is a progressing procedure and stays in ceaseless state, have wide scope of range. Crafted by scientist through numerous examinations, overviews and inquires about shows, presently a days the greater part of the business likes to execute the constant checking. The constant filtering permits organizations to take activities rapidly and successfully with continue following the work. Significance of Environmental Scanning Natural checking is significant for the association to step out or locate the specific answer for companys method. Ecological filtering encourages associations to improve or upgrade the capacity of working for changing condition in stable methods. The accompanying featured focuses are given underneath: It empowers association to pick up underwrite of the business in beginning times of the business as contrast with their rival. Natural checking offer alarms to the association a long time before time for the approaching issues. These issues can be dealt with and arrangements can be discovered well before time in the event that they are seen a long time before time. This procedure sharpens the companys specific time of changing in condition procedure to meet the desires and want of their potential clients. This filtering procedure assists with discovering the subjective data concerning nature to help the planner to locate the best reasonable systems for the organization. It serves to technique settling on bodies in their dynamic procedure by giving them the reenactment of the asset and dangers. Give more chances to expand the business and includes additional focuses in the cooperative attitude of the organization by including the capacity of condition examining individual. It gives chance to companys official in proceeding with the wide based investigations. Helps the system designers in finding the most recent and forward-thinking procedures for the association. Full scale Environment Condition examining is most usually done on the full scale level. The large scale level examination may contain the meaning of the market, breaking down the market size, potential market, showcase division, organizing the business, bunch the board, rivalry, finding the market patterns. The Macro examination in the business of music is characterized as: In music hypothesis, full scale investigation is a technique for interpreting, or recording harmonies that might be utilized alongside or rather than traditional melodic examination. Instead of roman numerals and figured bass images frequently utilized, letter names are utilized to demonstrate the foundations of harmonies and are trailed by images which indicate the harmony quality Market division Market division is normal term to distinguish the gathering of individuals or associations those have the some regular qualities and need an equivalent or comparative item for the reason. As indicated by showcase experts the market division may have the measures. The various sections have various needs however it is vital that equivalent portion have a similar need and utilizing a similar item to satisfy their necessities. These gatherings can be further increasingly sorted by the utilization of items by as per their necessities. The market division can be concerned and can be seen in more detail as positive or negative uses of a similar thought. Factors Used for showcase division: When all is said in done phrasing the market can be portioned on Geographical areas, segment qualities, psychographic, conduct of individuals and mechanical division. SWOT Analysis Quality Solid worldwide nearness EMI Group, PLC has an overall market in about 50 nations; among its significant market are North America, Continental Europe, Latin America, UK Ireland, Australia, Japan and Asia. World biggest autonomous music organization In 2002, EMI overall piece of the overall industry is 12.6%. Its enormous size gives numerous advantages, for example, cost decrease through financial of scale. Huge assets and solid piece of the pie likewise give the advantage of having the option to pull in the best staff and specialists to the organization which have a solid situation for what's to come. Money related Performance Despite the fact that EMI Group deals in financial 2003 decay contrasted with 2002, the organization working benefit show magnificent expanded about 33.1% in 2003 contrast with 2002. The improvement in working benefit was because of a far reaching rearrangement of EMI Record Music Division. World class craftsman list EMI discharges in excess of 1000 collections consistently and has a list of more than 1300 craftsmen. Among them are David Bowie, The Beatles, Norah Jones, Queen, Robbie William and some more. Shortcomings Challenges in the US Market EMI has reliably been towards the base of the five majors in the US piece of the overall industry, which is the world biggest recorded music showcase on the planet. In 2003 it just order 9.8 % of US piece of the pie. Dont have aggregate sponsorship EMI is the main top five music organization that exclusively autonomous which not being own by bigger company. This mean EMI needs to produce its own assets with no assistance from other bigger organization. Diminishing in overall piece of the overall industry EMI Group, PLC overall piece of the overall industry dunked from 13.4% in 2002 to 12.6% in 2003. The overall diminishing were come about because of the diminishing of EMI Group piece of the overall industry in a few significant locale in 2003 looked at from 2002 which included North America (- 0.03%), UK Ireland (- 0.01%), Continental Europe (- 1.7%), Latin America (- 2.6%) and Australia (- 0.10%). Openings Joint Venture/coordinated effort With ongoing merger endeavors being halted, EMI union inside the business is getting progressively troublesome. Web deals Web has become the quickest developing media for music dissemination and numerous experts expect that the downloading patterns will keep on developing in a future. Progressively Open MA administrative Progressively open or advancement of MA in music industry may build EMI Group chance to get or converge with other music organization. This will give EMI added piece of the overall industry and assets to rival other significant music organizations. Concentrate on advertise where it has a solid piece of the pie and development Albeit North America particularly US is the greatest market for recorded music, anyway it appear that EMI experiencing difficulty to continue contending to acquire piece of the pie. Possibly EMI needs to give more concentration or increasing more in the market that it has a solid offer, for example, UK Ireland, Australasia and Continental Europe. EMI likewise needs to concentrate more in developing business sector area, for example, Japan and Asia. Dangers Constrained development potential for recorded music The overall recorded music industry posted deals of $32 billion of every 2002. The figure speak to a 7% decrease in Dollar deals and a 8% decline in unit volume from 2001. Contrasted with 2001, deals of CD collections fell all inclusive by 6% and there progressively proceeded with decreases in the deals of CD singles (down 16%) and tapes (down 36%). These show that is extremely hard to track down development openings in the market. Poor financial matters condition and conversion scale change As a worldwide organization working in numerous nations around the world, EMI Group, LTC is effectively be helpless against the decaying financial condition worldwide and change in return rates and loan fees. These can frequently unfavorably influence the two incomes and benefits for the organization. Filling low Toward the beginning of September 2003, RIAA recorded 261 separate claims in US against people occupied with unapproved document sharing. Industry experts expected that prosecution would have a short-run hosing impact on unapproved CD downloading and copying. Anyway it was seen as having a

Send Large Files Using The New Adobe SendNow

Send Large Files Using The New Adobe SendNow Make Money Online Queries? Struggling To Get Traffic To Your Blog? Sign Up On (HBB) Forum Now!Send Large Files Using The New Adobe SendNowUpdated On 09/01/2018Author : Pradeep KumarTopic : AdobeShort URL : https://hbb.me/2CEBbll CONNECT WITH HBB ON SOCIAL MEDIA Follow @HellBoundBlogAdobe SendNow is a new online service that lets you send and receive large files easily for free. Adobe SendNow lets you send, share, and track large files online without the headaches of email size restrictions, multiple email attachments, FTP sites, and costly overnight services. Online file sharing is now easy!Simply upload your files to the Adobe SendNow website and specify the email addresses of the recipients. Then they can download your files to their computers. They dont need an Adobe account for downloading your files.SendNow verifies files you send and download by automatically scanning for viruses. Another cool feature of SendNow is you can decide how long to share a file. Set the time for oth ers being able to download a file at one day, one week, or longer.How To Send Large Files Using Adobe SendNow#1 For this you need an Adobe ID or you can create your free account easily.#2 After logging, it will take you to the Send Files section automatically.#3 Now, you need to upload the file and enter the Email Address of that person. Thats it. Now click Send.Limitations Adobe SendNow#1 Free and Premium : Basic features are available for free while you need to pay a monthly fee to enjoy certain premium features.READTips For Getting Approved By BuySellAds (BSA)Basic features include: 1) Send files up to 100MB 2) Get up to 100 downloads per file 3) Store up to 500MB of files#2 You can only send Office Documents, PDFs, ZIP files, etc. and SendNow won’t support audio files, video files, fonts or EXEs.

What are the key purposes of using Accounting Ratios in Finance - Free Essay Example

Sample details Pages: 15 Words: 4500 Downloads: 7 Date added: 2017/06/26 Category Finance Essay Type Research paper Did you like this example? What is accounting ratios? Accounting ratios are the ratios which used in calculation and indicate the relationship between figures from the financial statements of a company. The financial statements are the statements that summarized a companys activities either quarterly or annually. It consists of a profit and loss account and a balance sheet. Don’t waste time! Our writers will create an original "What are the key purposes of using Accounting Ratios in Finance" essay for you Create order In accounting, accounting ratios are often used in interpreting and evaluating a companys overall financial condition and business performance. Accounting ratios are classified into 5 categories for measuring 5 different aspects of business performance. The 5 aspects are shown as follow: Profitability of company Liquidity of company Asset management of company Debts management and capital gearing of company Market value of investment to ordinary shareholders / common stockholders 1.1 Profitability of company Gross profit markup Gross profit markup (%) = Gross Profit x 100 Cost of goods sold Gross profit margin Gross profit margin (%) = Gross profit x 100 Net sales value Operating profit margin on sales Operating profit margin (%) = Operating profit before interest and before taxation x 100 Net sales value Profit margin on sales Profit margin on sales (%) = Net income available to common stockholders x 100 Net sales value Basic earning power (BEP) Basic earning power (BEP) = Operating profit before interest and before taxation x 100 Total assets Return on total assets (ROA) Return on total assets (ROA) = Net income available to common stockholders x 100 Total assets Return on total equity (ROE) Return on total equity (ROE) = Net income available to common stockholders x 100 Common equity 1.2 Liquidity of company Current ratio / Working capital ratio Current ratio / Working capital ratio = Current assets Current liabilities Liquid ratio / quick ratio / acid-test ratio Liquid ratio / quick ratio / acid-test ratio = Liquid assets Current liabilities 1.3 Asset management of company Inventory turnover or stock turnover Inventory turnover or stock turnover = Cost of sales Average stock value Fixed asset turnover Fixed asset turnover = Net sales Fixed assets net book value Total assets turnover Total assets turnover = Net sales Total assets Debtor ratio Debtor ratio = Debtor Credit sales Debtor payment period Debtor payment period = Debtor x 365 days/ 52 weeks / 12 months Credit sales Days sales outstanding (DSO) Days sales outstanding (DSO) = Debtor x 365 days Credit sales 1.4 Debts management and capital gearing of company Debts ratio Debts ratio = Total debts Total assets Capital gearing ratio Capital gearing ratio = Prior charge debts capital Total capital Debts equity ratio Debts equity ratio = Total debts Common Equity Times interest earned Times interest earned = Profit before interest and before taxation Interest charges Creditor ratio Creditor ratio = Creditor Credit purchase Creditor payment period Creditor payment period = Creditor x 365 days / 52 weeks / 12 months Credit purchase 1.5 Market value of investment to ordinary shareholders/ common stockholders Earnings per share Earnings per share = Net income available to common stockholders Number of ordinary shares in issue Price / Earnings ratio Price / Earnings ratio = Market price per ordinary share Earnings per share Dividend cover Dividend cover = Earnings per share Net ordinary dividend per share Earning yield Earning yield = Gross earnings per share x 100 Market price per ordinary share Dividend yield Dividend yield = Gross ordinary dividend per share x 100 Market price per ordinary share Price / cash flow ratio Price / cash flow ratio = Market price per ordinary share Net cash inflow per ordinary share Market price / book value ratio Market price / book value ratio = Market price per ordinary share Net book value per ordinary share 1.6 Companys background Gamuda was incorporated on 6 October 1976. It was listed on the main board of the Kuala Lumpur Stock Exchange (KLSE) on 10 August 1992. In Malaysia, Gamuda is a leading infrastructure group. It has a wide range of business activities all over the world. Its core competencies are engineering and construction, infrastructure concessions, and also township development. Besides, they have mega projects such as internationally acclaimed SMART (Stormwater Management and Road Tunnel), intra-urban highways, Kaohsiung Mass Rapid Transit System in Kaohsiung, Taiwan, and so on. On the other hand, WCT was incorporated on 14 January 1981 as WCT Earthworks Building Contractors Sdn Bhd. Then, it went public on 1 April 1994 and listed on the Kuala Lumpur Stock Exchange (KLSE) on 16 February 1995. The business nature of WCT Berhad contains engineering and construction, property development, and also assets management. The business coverage of WCT is in Malaysia and abroad. Its projects and serv ices include F1 international racing circuit, international airport, hydroelectric dam, township planning development and so on. Then, the next step is applying the accounting ratios to calculate the 2 companiess business performance. The companies are Gamuda Berhad and WCT Berhad. In order to compare these 2 companies, the selection is inter-firm which is comparing based on the industry average. It is because they have the same business nature. Before doing comparison, a person must obtain the financial statements of a company. In general, the financial statements are released in annually basis, but some of the companies are quarterly basis. Financial statements are the vital resource for a researcher used to calculate and compare the companies business performance. The financial statements adopted from Gamuda Berhads annual report 2010, whereas WCT Berhad is 2009. Figures inside the income statement and balance sheet are used in apply to the accounting ratio in calculating pu rposes. After done the calculation, there is a standard weigh available in each accounting ratio to interpret the data. Each answer generated is referring to the weigh in comparison and generate a comment. These 2 annual reports of Gamuda and WCT are adopted from their official website in the column of the investor relations. The website address of Gamuda is https://www.gamuda.com.my, whereas website address of WCT is www.wct.com.my. 1.7 Calculation worksheet Types of ratio Calculation of Gamuda Berhad Calculation of WCT Berhad Profitability Gross profit markup (%) = Gross profit x 100 Cost of goods sold = RM 422976000 x 100 RM 2032167000 = 20.81 % = RM 354659000 x 100 RM 4311943000 = 8.23 % Gross profit margin (%) = Gross profit x 100 Net sales value = RM 422976000 x 100 RM 2455143000 = 17.23 % = RM 354659000 x 100 RM 4666602000 = 7.60% Operating profit margin on sales (%) Operating profit before = interest before taxation x100 Net sales value = RM 259852000 x 100 RM 2455143000 = 10.58% = RM 244145000 x 100 RM 4666602000 = 5.23 % Profit margin on sales (%) = Net income available to common stockholders x 100 Net sales value = RM 280693000 x 100 RM 2455143000 = 11.43 % = RM 147098000 x 100 RM 4666602000 = 3.15 % Basic earning power (BEP) = Operating profit before Interest and before taxation x100 Total assets = RM 259852000 x 100 RM 6550910000 =3.97% = RM 244145000 x 100 RM4478484 000 = 5.45 % Return on total assets (ROA) = Net income available to common stockholders x100 Total assets = RM 280693000 x 100 RM 6550910000 = 4.28% = RM 147098000 x 100 RM 4478484000 = 3.28 % Return on total equity (ROE) =Net income available to common stockholders x 100 Common equity = RM 280693000 x 100 RM 325752500 = 8.62 % = RM 147098000 x 100 RM 1250246000 = 11.77 % Liquidity Current ratio = Current assets Current liabilities = RM 4203173000 RM 1930241000 = 2.18 : 1 = RM 2553187000 RM 1807550000 = 1.41 : 1 Acid-test ratio = Liquid assets Current liabilities =RM4123435000 RM1930241000 = 2.14 : 1 = RM 2439478000 RM 1807550000 = 1.35 : 1 Asset Management Inventory turnover = Cost of sales Average stock value = RM 2032167000 RM 79738000 = 25.49 times = RM 4311943000 RM 113709000 = 37.92 times Total assets turnover = Net sales Total assets = RM 2455143000 RM 6550910000 = 0.37 times = RM 4666602000 RM 4478484000 = 1.04 times Debtor ratio =Debtor Credit sales = RM 1607772000 RM 2455143000 = 0.65 : 1 = RM 1472655000 RM 4666602000 = 0.32 : 1 Day sales outstanding (DSO) =Debtor x 365 days Credit sales = 0.65 x 365 days = 237.52 days = 0.32 x 365 days = 116.8 days Debts management and capital gearing of company Debts ratio = Total debts Total assets = RM 3243187000 RM 6550910000 = 0.50 : 1 = RM 2991508000 RM 4478484000 = 0.67 : 1 Debts equity ratio = Total debts Common equity = RM 3243187000 RM 3257525000 = 1 : 1 = RM 2991508000 RM 1250246000 = 2.39 : 1 Times interest earned = Profit before interest and before taxation Interest charges = RM 259852000 RM 43813000 = 5.93 times = RM 24414500 RM 50308000 = 4.85 times Market value of investment to ordinary shareholders / common stockholders Earnings per share = Net income available to common stockholders Number of ordinary shares in issues = RM 280693000 2025888000 shares = RM 0.14 = RM 147098000 777712000 shares = RM 0.19 Price earnings ratio = Market price per ordinary share Earnings per share = RM 3.20 per share RM 0.14 per share = 22.86 times = RM 2.60 per share RM 0.19 per share = 13.68 times Earnings yield = Gross earnings per share x 100 Market price per ordinary share = (100/75 x RM 0.14) x 100 RM 3.20 = 5.83 % = (100/75 x RM 0.19)x 100 RM 2.60 = 9.74 % Market price per book value = Market price per ordinary share Net book value per ordinary share = RM 3.20 per share (RM 325752500 / 2025888000 shares) = RM 3.20 RM 1.61 = 1.99 : 1 = RM 2.60 per share (RM 1250246000 / 777712000 shares) = RM 2.60 RM 1.61 = 1.61 : 1 1.8 Ratios comparison between Gamuda and WCT 1.81 Profitability Gross profit markup and gross profit margin Based on the profitability ratios calculations result generated above, Gamuda Company is generating higher profit compared to WCT Company. The both gross profit markup and gross profit margin of Gamuda is higher than WCT. High gross profit earned by Gamuda shows that it has effective and efficient control in lowering its purchasing cost and production cost. Lower gross profit earned by WCT indicates it does not effective and efficient control in lowering its purchasing cost and production cost. Besides, both operating profit margin and profit margin on sales of Gamuda is higher than WCT. Higher profit margin earned by Gamuda shows it has an effective control in lowering its expenditures and interest cost. Whereas it indicates WCT is ineffective in controlling its expenditures and interest cost. Basic earning power, return on total assets, and return on common equity However, in basic earning power and return on common equity, Gam uda is lower than WCT. Return of asset of Gamuda is slightly higher 1 % than WCT only, which is 4.28 % and 3.28 % respectively. It shows that WCT is generating higher profit regarding to its effective and efficient in using its assets and capital in the business. In contrast, Gamuda is ineffective and inefficient in employing its assets and capital. 1.82 Liquidity Current ratio In liquidity aspect, the current ratio of Gamuda and WCT is 2.18: 1 and 1.41: 1 respectively. If the current ratio is higher than average of industry, it means a company has a larger amount of current assets to pay its current liabilities. Besides, it proves that a company has a stable financial condition. In contrast, when current ratio is lower than average of industry, it shows the companys financial condition is unstable. The company has lower amount of current assets to pay its current liabilities. Acid test ratio On the other hand, acid test ratio of Gamuda is 2.14: 1, whereas WCT is 1.35: 1. When a companys acid test ratio is higher than average of industry, it shows that it has larger amount of liquid assets to pay its current liabilities. In contrast, lower acid test ratio shows a company has lower amount of liquid assets to pay its current liabilities. 1.83 Asset management Inventory turnover In asset management aspect, the inventory turnover of Gamuda is 25.49 times and WCT is 37.92 times. Higher inventory turnover shows that a company experiences fast stock turnover, so stocks are not accumulated, and no money to be tied up. WCT has a higher inventory turnover than Gamuda. It means that WCT has fast turnover, less stocks to be accumulated, and less money to be tied up compared to Gamuda. Total assets turnover Besides, total assets turnover of Gamuda is 0.37 times, and WCT is 1.04 times. Total assets turnover of WCT is higher than Gamuda. WCT has higher sales generated from its business due to its effective asset usage which increases the production volume. Debtor ratio days sales outstanding Debtor ratio of Gamuda is 0.65: 1, and WCT is 0.32: 1. Besides, the day sales outstanding of Gamuda are 237.5 days, and WCT is 116.8 days. Higher debtor ratio and day sales outstanding shows that Gamuda gives a longer credit time to its debtors w hich cause a longer time to collect back the money. Gamuda may accumulate the debts balance and experiences shortage of money which unable to finance its current liabilities. In contrast, WCT has a lower debtor ratio and day sales outstanding. It has shorter debtor payment period, experience less debts balance, and less money to be tied up from its debtors. 1.84 Debts management and capital gearing Debtor ratio In debts management and capital gearing aspect, WCT has a higher debts ratio compared to Gamuda. The higher debts ratio shows that a company experiences heavy debts and high interest cost. It may cause a company unable to pay back the debts, and forced to sell its assets to pay. Debts equity ratio Debts equity ratio is used to measure the proportion of company debts with its common equity. Both Gamuda and WCT debts equity ratio is higher than 0.5:1, but WCT is higher than Gamuda which are 2.39:1 and 1;1 respectively. It means these 2 companies operate at a high gear with larger proportion of prior charge debts capital. It views as unstable capital structure and bearing the high interest cost financed by larger proportion of profit. Time interest earned / Interest cover Both companies experience high capital gearing ratio, but WCT is higher than Gamuda. It means WCT experiences low times interest earned and indicates it is bearing the high interest charge s in relation to its profit. 1.85 Market value of investment to ordinary shareholders / common stockholders Earnings per share Lastly, in market value of investment to ordinary shareholders / common stockholders, WCT has a higher earnings per share compared to Gamuda. It shows that WCT has a higher business growth and higher profit earnings. In converse, lower earnings per share shows that a company experiences a low business growth and low profit earnings. Price earnings per share Besides, WCT has a lower price earnings ratio compared to Gamuda. Lower price earnings ratio shows that Gamudas earnings per share is very high which influenced the common stockholders have to take shorter period use their profit earning to recover back their share investment amount. If the earnings ratio is high, it shows that a companys earnings per share are very low and the common stockholders spend longer period use their profit earning to recover their share investment amount. Earning yield The earning yield of WCT is higher than Gamuda. If the earning yield higher than the average of indu stry, it shows that a company has high net income and very attractive to the common stockholders. However, when the earning yield is lower than average of industry, it shows that a company has low net income and not attractive to the common stockholders. Market price per book value Besides, the market price per book value of WCT is lower than Gamuda. If market price per book values is lower than the average of industry, it means the share market price decreases below its real asset value and becomes attractive to common stockholders. In converse, if the market price per book value is higher than the average of industry, it means its share market price increases over its real asset value and become not attractive to the common stockholders. 1.9 Conclusion Based on the result of 5 aspects of accounting ratio above, WCT Company has a better overall business performance than Gamuda Company. Firstly, WCT has higher BEP and ROE which shows WCT is generating higher profit regarding to its effective and efficient in using its assets and capital in the business activities. Secondly, WCT has a higher inventory turnover than Gamuda. It indicates that WCT has fast turnover, more liquid, less stocks to be accumulated, and less money to be tied up compared to Gamuda. Thirdly, total assets turnover of WCT is higher than Gamuda. WCT has higher sales generated from its business due to its effective asset usage which increases the production volume. Fourthly, WCT experiences a lower debtor ratio and day sales outstanding than Gamuda Company. WCT has shorter debtor payment period, experience less debts balance, more liquid and less money to be tied up from its debtors. Fifthly, WCT has higher earnings per share compared to Gamuda. WCT has a higher bu siness growth and higher profit earnings. Sixthly, WCT experiences lower price earning ratio compared to Gamuda. Lower price earnings ratio shows that WCTs earnings per share are very high. It enables the common stockholders have to take shorter period use their profit earning to recover back their share investment amount. Seventhly, the earning yield of WCT is higher than Gamuda. When the earning yield higher than the average of industry, it shows that a company has high net income and very attractive to the common stockholders. Lastly, the market price per book value of WCT is lower than Gamuda. When market price per book values is lower than the average of industry, it means the share market price decreases below its real asset value and becomes attractive to common stockholders. Thus, WCT is more attractive than Gamuda. On the other hand, while doing inter-firm comparison, there are several limitations in applying the ratio and trend analysis. The first limitation must select the same industry norms and compare based on the industry average. The second limitation is each firm experiences a different financial and business risk profile. It also affected by the analysis differently. The third limitation is accounting policies. Each firm applies different accounting policies. For example, in small firm, it groups its stationery in current assets. However, in large firm, it groups it into expenses. The fourth limitation is the size of the firm would experience different level of risk from its competitors, structure, and returns. The fourth limitation is the area and environment of a firm. Home-based firm and multinational firm operate differently in different countries. 2.0 Introduction What is financial market? Financial market is a mechanism where surplus funds are gathered from the people who intended to lend out their money. Furthermore, it acts like a platform where provides the opportunities for the organizations and individuals who are short of money to borrow funds. Financial markets have different categories. Each financial market deals with a different type of financial instrument of its maturity and the asset backing it. Different financial markets serve different types of customers, and operate in different parts of the country. Financial markets are different from physical asset markets. Physical asset markets also called as tangible asset markets or commodities market which deal with the physical products like gold, crude oil, real estate, and machinery. Whereas the financial markets deal with the financial instruments like shares, bonds, notes, mortgages, and so on. Besides, these 2 markets can operate as the spot market or future market. Spot marke rs can be defined as goods are being traded on the spot and delivery within several days. Conversely, the goods that are being traded in future market are for future and delivery on future date. It could be six months or a year in future. 2.1 Types of financial markets 2.11 Primary markets There are various financial markets in each country. The first type is primary markets. It is the market for corporations to raise capital by issuing new securities or shares. The corporations collect the funds by selling off the new issued stocks in the primary market transaction. 2.12 Secondary markets The second type is secondary markets. Secondary markets are the markets in which existing and already outstanding securities or other financial assets that are traded among the investors after they have been issued by the corporations. 2.13 Initial public offering market The third type is initial public offering (IPO) market. It is a market that provides the company or corporations go public by offering new securities or shares to the public for the first time. Once the corporation or company went public, it will be listed on the stock exchange. These companies or corporations are usually newly established and go public to collect capital. 2.14 Private markets The fourth type is private markets. It is a financial market where the transactions are worked out directly between 2 parties. Private markets are different from the public markets where standardized contracts are traded on organized exchanges, but private market could perform privately without going to public where the transaction may be structured in any manner that appeals to the 2 parties. Bank loans and placement of debts with insurance are the examples of the private market transaction. 2.15 Consumer credit markets The fifth type is consumer credit markets. Generally, it deals with the loans on autos and appliances, loans for education, vacations, and so on. 2.16 Mortgage markets The sixth type is mortgage markets. Mortgage markets deal with the loans for the purposes of residential, commercial, industrial real estate, and also farmland. 2.17 capital markets The seventh type is capital market. Capital markets deal with the stocks or shares, intermediate or long-term debts in which funds to be loaned and borrowed for long periods. It usually more offered in one year or more than one year. 2.18 Money market The eighth type is money market. Money market deals with short-term, highly debt securities in which funds to be loaned and borrowed for a short period which usually less than one year. 2.2 Three ways for transferring capital or fund between savers and borrowers 2.21 Direct transfer from savers to borrowers The first way is direct transfer from savers to borrowers. It usually happens when a corporation (borrower) wants to collect funds by issuing and selling new securities or bonds to the savers (money lender). In this selling process, it does not pass through any financial institution which the corporations directly deliver the securities to the savers who in return pay money to the corporation. Therefore, it is a direct flow where the funds are directly transferred from the savers to the corporations. The following diagram can fully explain the process between corporations and savers. Issue corporations securities or bonds to Corporations (Borrowers) Savers (Money lenders) Receive capital or fund from Diagram 2.21.1- Direct transfer from savers to borrowers 2.22 Indirect transfer from the savers to the borrowers through investment banking house The second way is indirect transfer from the savers to the borrowers through investment banking house. It normally happens when an investment bank underwrites the issuance of a corporations securities where the investment bank acts as a middleman to facilitate the issuance of corporations securities. Indeed, investment bank purchases the corporations securities and then resell it to the savers. It means the money paid by the savers in purchasing corporations securities is passed to the investment bank and to be received by the corporation (borrower). Thus, money of savers and securities of company is only passing through the investment banking house. As a result, the fund is indirectly transferred through the investment banking house from the saver (money lender) to the corporation (borrower). The below diagram can fully explain the process among the investment banking house, corporation, and saver. Investment Banking House (Middle man) ( Corporations (Borrower) Savers (Money lender) Issue corporations Resell corporations securities to securities to Receive fund from Receive fund from Diagram 2.22.1- Indirect transfer from the savers to the borrowers through investment banking house 2.23 Indirect transfer from the savers to borrowers through a financial intermediary The third way is indirect transfer from the savers to borrowers through a financial intermediary. It usually happens when a financial intermediary like bank or a mutual fund collects the funds from the savers by issuing its own securities or certificate of deposit to the savers. After that, the financial intermediary uses the collected funds from the savers to buy and keeps the other corporations securities as its investments. It means that the money paid by the savers to purchase the securities or certificate of deposit issued by the financial intermediary. Then, the money passed to the financial intermediary, and then the financial intermediary paid the money for purchasing the other corporations securities. In fact, there are many people prefer holding the certificate of deposit and the securities issued by the financial intermediary. The reason is they are safer and more liquid than the mortgages and loans. Thus, financial intermediaries are greatly increasing the efficiency of money and capital markets. The below diagram can fully explain the process among the financial intermediary, saver, and corporation. Savers (Money lender) Corporations (Borrower) Financial Intermediary (Money lender to corporation) / (Borrower from saver) Issue corporations Issue intermediarys securities to owns securities to Receive fund from Receive fund from Diagram 2.23.1- Indirect transfer from the savers to borrowers through a financial intermediary 2.3 Types of financial intermediaries and its role Investment banking house is an organization that underwrites and distributes the new securities issued by the corporations which helps the corporation in obtaining the funds for financing. In Malaysia, examples of investment banking house are CIMB bank, Affin bank, and Maybank. Financial intermediary are the specialized financial organization that facilitate the transfer of funds from the savers to the borrowers. There are several types of financial intermediaries. 2.31 Commercial bank The first type is commercial bank. It is a traditional departmental store of finance which serves a huge population of savers and borrowers. Besides, commercial banks are the major institutions that handled checking accounts and through which Federal Reserve System increased or decreased the money supply. Furthermore, it provides stock brokerage services and insurance. 2.32 Mutual savings fund The second type is mutual savings fund. It is similar to savings and loan associations which accepts the funds from savers and lend the money for a long term basis to house buyers and consumers. 2.33 Savings and loan association The third type is savings and loan association. This organization serves individual savers, residential and commercial mortgage borrowers by collecting the funds from small savers. Then, it lends the money to house buyers and other types of borrowers. 2.34 Credit unions The fourth type is credit unions. They are cooperative associations whose members are supposed having a common bond to enable the unions collect funds from the members. Then, the unions lend the funds to other members who need funds in vehicle purchases, house improvement, and house mortgage. It is the cheapest source of funds for the individual borrowers. 2.35 Pension funds The fifth type is pension funds. It is a retirement plan funded by the corporation or government agencies for their staffs. Pension funds are administered primarily by the trust departments of commercial banks or by life insurance companies. It normally used in investing in bonds, stocks, mortgages, and real estate. 2.36 Life insurance companies The sixth type is life insurance companies. These companies collect the savings in the form of annual premiums and invest the funds in purchasing stocks, bonds, real estate, and so on. They make payments for the beneficiaries who are injured. Life insurance companies also offered a variety of tax-deferred savings plans to provide benefits to the applicants when they retire. 2.37 Mutual funds The seventh type is mutual funds. They collect the fund from savers and use it in purchasing stocks, long-term bonds, and short-term debt instruments issued by businesses or government units. They pool the funds in diversifying the investment to reduce the risk. 2.4 Conclusion After finished this question, it provides a clear picture and more understanding in financial markets and its categories. Financial market is a mechanism where surplus funds are gathered from the people who intended to lend out their money. Furthermore, it acts like a platform where provides the opportunities for the organizations and individuals who are short of money to borrow funds. Financial markets have different categories. There are primary market, secondary market, initial public offering (IPO) market, private market, consumer credit markets, mortgage market, capital market, and also money market. Besides, it also indicates 3 different ways in transferring capital or fund between savers and borrowers. The first way is direct transfer from savers to borrowers. The second way is indirect transfer from the savers to the borrowers through investment banking house. The third way is indirect transfer from the savers to borrowers through a financial intermediary. On the other hand , it also indicated the roles of investment banking house and financial intermediaries. Financial intermediaries consist of 7 types. They are commercial banks, mutual saving funds, savings and loan association, credit unions, pension funds, life insurance companies, and also mutual funds. 2.5 Appendix

Art of Msnsgement Accounting - 2995 Words

Pushing the art of management accounting Despite the many strides the profession has made over the years, some still believe that management accounting practices haven’t taken as strong a hold in organizations as they should. FCMA Alexander Mersereau describes the challenges that are slowing the adoption of critical management accounting tools in broader business By Alexander Mersereau, CMA, FCMA M anagement accounting practice has developed substantially over the past century, but recent studies suggest that the practice is no longer making the strides that it once did. Unless management accountants take a hard look at the effectiveness of current practice, this situation isn’t likely to improve. In some companies, radical†¦show more content†¦A similar study by Accenture/Economist Intelligence Unit reported a significant gap between potential and actual practice.3 These indications of a slowing pace of management accounting change may be due to a range of factors. In some cases, new management accounting tools aren’t adapted to organizational strategy or structure and can’t be used. And in some cases, innovation has failed due to implementation-related factors. However, the main problems aren’t technical or structural; they lie in the need for a better management of the management accounting process itself. Getting involved At the heart of the management accounting process is a communications system, or a set of communications systems, that provide information to managers. The ability of management accountants to improve the scope, timeliness or quality of the information they provide depends on how well they understand and manage these systems. There are three main areas in management accounting systems in which communication problems can occur, which are illustrated here using the tale of The Three Monkeys. The three monkeys that most people know are Speak No Evil, Hear No Evil and See No Evil. In this medieval Japanese illustration, a trio of monkeys is depicted with one having his hands over his mouth, another covering his ears and a third his eyes. The original use of this image seems to have been to illustrate wisdom. The three wise monkeys, as they were referred to, counselled

Benefits of Military Service - 956 Words

1 Mandatory military service is a course to make a fit and capable citizen. First of all, military service can help ones character . More specifically it gives good tools so that people can work well in a team, be more organized in everyday event and good discipline. Secondly, it can offer education to people in need. Furthermore it will help people in bad neighbourhoods or is living trough a thought time and give those without the means to be in a home and have a job. Thirdly but not least mandatory military service could be looked at as a dept owed to ones country, loved ones who are protected if ever needed and most important to our right to democracy. Firstly a good work ethic is important in any job, in the military they teach†¦show more content†¦being a very important part of life the military also show you how to own this skill and use it in everyday situation. 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Commercial Law Assessment for Battery - MyAssignmenthelp.com

Question: Discuss about theCommercial Law Assessmentfor Battery and Nuisance. Answer: Issue Can the manufacturer and distributor of Samsung Galaxy Note 7, be held liable as per the tort of negligence, towards the Australian consumers? Rule A tort depicts that something has been done wrong, which attracts civil liability, instead of a criminal liability. Under the common law of tort, are different liabilities, arising from defamation, battery, nuisance, negligence, etc (Statsky, 2011). The provisions regarding negligence are contained not only under the common law, but also under the statutory legislation, i.e., under the Wrongs Act, 1958 (Vic). As per section 18 of this act, in order to establish that an individual had been indulged in a negligent act, certain points have to be established. These include, the failure in adopting the precautions which were necessary to deal with the risk of harm, the risk to be foreseeable in a reasonable manner and the same not being insignificant, and lastly, that in similar situation, similar precautions would have been applied by a prudent person (Legislation, 2010). Under the common law, negligence is considered as a failure of duty, which an individual owes to the other, due to the work being done by them, and which results in a loss or harm to the other person. In order to establish that an incident of negligence did take place, three basic elements have to be there, and these comprise of the duty of care, breach of this duty and the resultant injury, loss or harm (Gibson Fraser, 2014). Apart from these three basic elements, there are some additional elements, which also need to be there, to establish a case of negligence in a successful manner. These include that there has to be a presence of direct causation. This causation has to be between the loss incurred by the other person, and the breach of duty on part of the negligent person (Legal Services Commission, 2016). Apart from this, the loss has to be substantial and cannot be too remote. And the last aspect is that the risk of injury, or the loss, was foreseeable or predictable in a reas onable manner. Once, all these elements are present in an incident, a successful claim for negligence can be made by the party who was injured (Bailey, 2016). The first requirement is to show that a duty of care was indeed present. For the duty of care owed by the manufacturers to their consumers, was established in the issue of Donoghue v Stevenson [1932] UKHL 100. In this case, the plaintiff was Mrs. Donoghue, who drank the ginger beer bottle which was manufacturer by Stevenson, the manufacturer. In this bottle, a dead snail was found, due to which, when Donoghue consumed the bottle, she fell sick. The manufacturer in this case, claimed that he did not owe any duty to a consumer, when the same was being consumed whilst the consumer was in a caf. However, the Court was of the view that there was a clear breach of duty on part of Stevenson, as he failed to ensure that the bottle was safe for the consumption of his consumer. And as a result of this, the negligence of the manufacturer attracted damages for him (Latimer, 2012). To further clarify on the presence of duty of care, the threefold test given in the case of Caparo Industries plc v Dickman [1990] 2 AC 605, 618, given by the Court of Appeal, is helpful. The judges held that the duty of care is present when there is proximity between the party who has been injured and the breach of duty by the individual who owed duty of care; the imposed penalty to be reasonable, just and fair; and lastly, the loss to be reasonably foreseeable (Lunney Oliphant, 2013). In the issue of Bolton v. Stone [1951] AC 850, [1951] 1 All ER 1078 is one of such cases, where due to the absence of reasonable foreseeability in the defendants conduct, the damages were not awarded by the court to the defendant, as he was not held to have committed the tort of negligence (Swarb, 2016). Followed by an establishment of duty of care, the violation of the duty of care needs to be established. In Vaughan v Menlove (1837) 132 ER 490 (CP), the defendant was warned over and again regarding the poor ventilation in his building, which could result in a possible fire to the haystack. Due to the lack of the defendant in considering these warnings, he was held to have violated his duty of care and hence, negligent (Commonwealth Legal Information Institute, 2017). In the case of Paris v Stepney Borough Council [1951] AC 367, the Council was aware of the fact that Paris had one bad eye. And even then they did not provide him with any sort of protective gear. So, when a rusted bolt flew and hit his working eye, Paris was completely blinded. This was held to be a breach on Councils part and hence, they were held as negligent by the court (Martin Lancer, 2013). After establishing these two elements, the loss has to be shown, along with the other three elements highlighted above. So, the foreseeability, loss being not too remote and direct causation has to be present. In the Wagon Mound Case, which is otherwise known as the Overseas Tankship (UK) Ltd v Morts Dock and Engineering Co Ltd [1961] UKPC 2, the relief in form of damages were not ordered, as the loss was held to be too remote (H2O, 2016). In Wyong Shire Council v. Shirt (1980) 146 CLR 4, the view of a reasonable individual, to judge the risk of injury taking place was taken and it was held that the particular risk was indeed reasonably foreseeable and hence, a claim for negligence was held to be successful (Jade, 2017a). Application The number of cases highlighted in the previous segment highlight certain elements for establishing a case of negligence. In the given case study, the manufacturer and distributor owed a duty of care towards the Australian Consumers, which was breached when the phone exploded and people were injured in a significant manner, due to the malfunctioning of the product. Hence, all the elements were present. Also, as per Donoghue v Stevenson, a claim of negligence is further strengthened. Overheating is a common problem in devices which makes the loss foreseeable. Conclusion As all of the elements are present, for establishing the case of negligence, the manufacturer and distributor of Samsung Galaxy Note 7, can be held successfully liable under the tort of negligence, towards the Australian consumers. Issue Can the manufacturer and distributor of the product be held liable under the ACL, as per the rights which are available to the Australian Consumers? Rule The Competition and Consumer Act 2010 (CCA) is a key legislation in Australia for ensuring the fairness in competition. Schedule 2 of the CCA, contains the provisions regarding the Australian Consumer Law (ACL), which presents the need for carrying the business in a fair manner and making certain that the consumers are protected (Coorey, 2015). Due to the applicability of ACL, the consumers are protected from unfair contractual terms, false representations, misleading or deceptive conduct, unconscionable conduct, unfair contractual terms, and the like (Corones, 2012). For establishing a claim against the manufacturer or distributor, the requirement of being a manufacturer as per section 7 of this act has to be fulfilled. As per this section a manufacturer includes a person who holds himself as being in this position, who extracts, grows, assembles, produces or processes the goods, along with certain other requirements. The requirement of being a supplied, as per section 2, also has to be fulfilled. However, it is not required that the individual is a consumer as per section 3 of ACL. The safety defect, which attracts the provisions under this act, has to be as per section 9 of the Australian Consumer Law (Australasian Legal Information Institute, 2017). The provisions contained under the Part 3-5 of the ACL, make the manufacturer liable for the safety defect found in the products manufactured by such manufacturer. Under section 138 off ACL, the liability for the loss or harm which another person had to bear, has to be borne by the manufacturer, when the goods manufactured by the manufacturer, contains some kind of safety defect, and which led to the injury to the person. Under this section, the liability on the manufacturer is also imposed for the resulting death of such an injured person. Section 139 of ACL provides that the manufacturer is liable to such an individual for their loss, who incurs such loss, due to the injury of another person or such another persons death, owing to the safety defect in the manufactured product of the manufacturer. Section 140 fixes the liability for the safety defect over the manufacturer due to the goods being destroyed, or them being damaged. And for the liability for the damages to building, land or fixtures, the liability arising due to safety defect is covered under section 141 of the Australian Consumer Law (Australasian Legal Information Institute, 2017). The liability of the manufacturer can be established through the case of Glendale Chemical Products Pty Ltd v Australian Competition Consumer Commission Anor [1998] FCA 1571. Boiling water was put down the slower pipe by P and after this he put in the dry Glendale Caustic Soda through this very pipe. Consequently, P eyes and face was burnt. When the case was made under Part 3-5 of the ACL, P was held to be successful against D. The raison d'tre behind holding D liable was his responsibility of labeling and repackaging the bulk caustic soda, as a result of which, he was considered as a manufacturer under the provisions of ACL (Jade, 2017b). The manufacturers also have been protected under this act, through the defenses available to them, under section 142 of the ACL. In case a manufacturer can show that the product did not have any defect when the same was supplied, than the section 142(a)(iii) protects them from any liability raised by the consumer. A defense can also be established by showing compliance with the applicable standards. Similarly, section 142(c) of the ACL protects the manufacturer when they can show that the defect could not be established as per the technical and scientific knowledge available to them. Under section 142(d), the defense of a defect or careless assembly, as a result of the omission or an act of the manufacturer of the finished goods, can also be made by the manufacturer of the product (Australasian Legal Information Institute, 2017). Application The present case study reveals different consumers who can initiate a claim against the manufacturer and distributor of the device. The manufacturer is liable as they created and formed the product and the distributor is liable in accordance with the case of Glendale Chemical Products Pty Ltd v Australian Competition Consumer Commission Anor. As, for different consumers, different sections highlighted above were breached, the claims made against the manufacturer and distributor of the device, would result in attraction of damages to be payable to the individuals making the claim. Even though the manufacturer and distributor can make defense under section 142, the same would not be much successful, due to the large-scale failure of the product. Conclusion So, manufacturer and distributor can be held liable under the ACL, as per the rights which are available to the Australian Consumers. Issue Are there any applicable caps over the personal injuries damages, in the present case, for the claims highlighted in the previous parts? Rule In 2015, the Wrongs Act, 1958 (Vic) was amended through the Wrongs Act, 2015, which resulted in changes to the provisions pertaining to the claims raised for personal injuries in the jurisdiction of Victoria. Through this amendment act, there has been a reduction in the threshold for the impairment for psychiatric and spinal injuries. Hence, an individual who suffers from is equal to or at 10% impairment for psychiatric injuries and at or equal to 5%, for the spinal injuries, can claim damages for non-economic losses, when the same were not available previously. Under section 28G of the Wrongs Act, 1958, the cap has been increased to a value of $577,050 (Thomas, 2015). Though, some restrictions have been placed for recovering non-economic losses, in terms of suffering or pain. Moreover, for a claim to be made under this act, it has to be shown that a significant injury did take place (Law Handbook, 2015). The economic loss related provisions, as contained in section 28F(2) have also been modified. The maximum amount of damages, which can be awarded after the amendment, is the amount equal to three times the average minimum weekly earnings of the person. Before the cap is applied for the claims raised by dependent of a deceased person, a deduction for the personal living expenses of such a deceased person have to be made. Under section 28ID, the damages owing to the loss of capacity of some other person have now been allowed (Thomas, 2015). Application The individual, who have been affected due to the explosion of device, along with the hotel, where the furniture was damaged, can make claim in this case (Griffith, 2016). Plus, they can seek both economic and non-economic damages, as per the limits prescribed above. Conclusion Hence, there are certain applicable caps over the personal injuries damages, in the present case, for the claims highlighted in the previous parts. References Australasian Legal Information Institute. (2017). Competition and Consumer Act 2010 - Schedule 2. Retrieved from: https://www.austlii.edu.au/au/legis/cth/consol_act/caca2010265/sch2.html Bailey, J. (2016). Construction Law (2nd ed.). Oxon: Routledge. Commonwealth Legal Information Institute. (2017). Vaughan v Menlove. Retrieved from: https://www.commonlii.org/uk/cases/EngR/1837/424.pdf Coorey, A. (2015). Australian Consumer Law. London, United Kingdom: LexisNexis Butterworths. Corones, S.G. (2012). The Australian Consumer Law. New South Wales: Lawbook Company. Gibson, A., Fraser, D. (2014). Business Law 2014 (8th ed.). Melbourne: Pearson Education Australia. Griffith, C. (2016). Exploding Samsung Note7 ruins Australian hotel room. Retrieved from: https://www.theaustralian.com.au/business/technology/exploding-samsung-note7-ruins-australian-hotel-room/news-story/093d67da670f8c1ed20df88aafbb2f66 H2O. (2016). Wagon Mound (No. 1) -- "The Oil in the Wharf Case". [Online] Retrieved from: https://h2o.law.harvard.edu/collages/4919 Jade. (2017a). Wyong Shire Council v. Shirt. Retrieved from: https://jade.io/article/66842 Jade. (2017b). Glendale Chemical Products Pty Ltd v Australian Competition Consumer Commission Anor[1998] FCA 1571; 90 FCR 40. Retrieved from: https://jade.io/j/?a=outlineid=116054 Latimer, P. (2012). Australian Business Law 2012 (31st ed.). Sydney, NSW: CCH Australia Limited. Law Handbook. (2015). Key legislation: the Wrongs Act. Retrieved from: https://www.lawhandbook.org.au/10_01_02_key_legislation_the_wrongs_act/ Legal Services Commission. (2016). Negligence. Retrieved from: https://www.lawhandbook.sa.gov.au/ch01s05.php Legislation. (2010). Wrongs Act 1958. Retrieved from: https://www.legislation.vic.gov.au/Domino/Web_Notes/LDMS/LTObject_Store/LTObjSt5.nsf/DDE300B846EED9C7CA257616000A3571/F1F5385B484503F3CA2577C1001B5BE4/$FILE/58-6420a103.pdf Lunney, M., Oliphant, K. (2013). Tort Law: Text and Materials (5th ed.). Oxford: Oxford University Press. Martin, J., Lancer, D. (2013). AQA Law for AS Fifth Edition (5th ed.). Oxon: Hachette UK. Statsky, W.P. (2011). Essentials of Torts (3rd ed.). New York: Cengage Learning. Swarb. (2016). Bolton v Stone: HL 10 May 1951. Retrieved from: https://swarb.co.uk/bolton-v-stone-hl-10-may-1951/ Thomas, K. (2015). Significant changes to personal injuries legislation in Victoria. Retrieved from: https://www.sparke.com.au/insights/significant-changes-to-personal-injuries-legislation-in-victoria/