Importance Of Math Skills At An Early Age Essay - 1432 Words

Purpose Statement Math is an important and essential skill used in everyday life and as educators we need to provide the opportunity for young children to experience and learn these skills. As an adult, we use math to tell time, buying food and goods, cooking, and planning for finances and setting a budget. These are important skills and all involve the use of math, even a game as simple as pool involves the use of geometry and angles when planning shots. The program I currently work for scores low in math every year, and even after trainings and interventions it remains low. What do we need to do to improve our scores and what questions do we need to begin to ask ourselves in-order to begin to improve this area of child development? Focus Questions 1. How can an Early Childhood Educator provide activities and strategies to promote lifelong math literacy skills for three to five year olds? 2. What are the benefits of learning math skills at an early age for three to five year olds? 3. How can an Early Childhood Educator incorporate reading literacy skills into everyday math literacy skills with three to five year olds? Thesis Statement Early Childhood Educators must know the benefits of implementing math literacy, have knowledge of activities and strategies to promote math literacy and incorporate reading literacy with every day math concepts for 3 - 5 year old students in an early childhood setting. How can an Early Childhood Educator provide activities andShow MoreRelatedThe Importance of Early Childhood Education1141 Words   |  5 PagesThe Importance of Early Childhood Education It is crucial for a child to receive early education because it is the time for growing, forming, and brain development. Children between the ages of 0 to 6 go through stages of acquiring specific skills like, sensorial, language, math, social, and cognitive. In those stages children have the ability to soak up and retain information, some people say like a sponge. As parents it is our duty to make sure we are stimulating our children’s mind between theRead MoreEarly Childhood Education Of Children1122 Words   |  5 Pagesâ€Å"Early roots of play as a best practice for early learning was documented by Plato, a Greek philosopher, who insisted that play is considered a natural activity of childhood.†(Ingrid Crowther, 2011, Pg. 2) Early Childhood Education is a term that refers to educational programs that are devoted to children from birth to the age of eight. â€Å"Children of this age learn by exploring and investigating; therefore, their environment should support and encourage this process.†(Rebecca Isbell and Betty ExelbyRead MoreTypes Of Learning Disorders And Their Signs Essay1657 Words   |  7 PagesLearning Disabilities and Disorders Types of Learning Disorders and Their Signs Could it be that your child struggles with school? Do you observe he or she avoiding reading out loud, tackling a math problem, or writing an essay? 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Connecting Math and Reading â€Å"I don’t understand math.†, ‘’I hate word problems.†, â€Å"I don’t even know what the problem is asking!† If you are a math teacher, surely you have heard these comments, or some variation, from students more often thanRead MoreThe Education System Of The United States829 Words   |  4 Pagesa child deserves, is far from superior. Given the growing competition in the world it is imperative to provide a solid educational foundation especially in the field of Math, Science and Reading. Being originally born and brought up in India, I believe I know the importance and value that a good education provides. Laying an early foundation in children is extremely essential for their success and continued ability to learn better and strive harder. For example, the education system in India and manyRead MoreReflection Of Writing : My Writing Experience In The Homeroom871 Words   |  4 Pagesperson I met at a young age. She was black with dark straight hair and wore thick framed plastic glasses. Her classroom was bright, full of colors with the ABC’s in cursive writing around the border. Ms. Cologne was the type of english teacher that will take extra time out to walk around and help each student with their classwork. But she was also firm towards reading short articles out of the news papers. At the time I despised this approach of developing better writing skills, because I wanted toRead MoreImpact Of Technology On Children s Learning929 Words   |  4 Pages Technology applications in educational settings positively influence children to communicate, learn, and enhance problem-solving skills. Once technology applications are presented to children, their parents have to adjust to help them with homework, whether it may be in another language or in a certain application online. Technology, an electronic system of knowledge, generates different perspectives for children to comprehend information. Several programs encourage children to work on their homeworkRead MoreMusic Education At A Young Age1194 Words   |  5 Pagesbeen devaluing the importance of music. School districts are forced to cut spending on music education and replace it with other important classes, such as physical education. Music classes were the first to be cut because given a small to budget elementary schools, school officials have seen that music classes were unnecessary to education and believe that it has no benefit. I disagree with this statement because I believe it is crucial to have music education at a young age. Luckily, when I was

Using The Internet For Social Purposes - 1318 Words

With the advent of developing new technology, the way we receive and perceive is drastically changing. Many ‘at-home’ activities, such as watching the news on television, may become transferred onto little, mobile devices, such as an iPhone, which allows mobile device users to essentially bring their home entertainment systems with them, on the go. More than just ‘television-watching’ is losing its old sense of ‘privacy’, in fact our private lives, are becoming not so ‘private’. Everyday, people such as myself, post personal content on social media. The terminology ‘personal content’ can mean many things such as posting a personal address or telephone number online, to even posting about ‘deep’, personal issues that should essentially be†¦show more content†¦My earliest memory of posting content onto a social media website would be when I signed up for a Myspace account. I remember, I never really thought much about what I posted or who potentially could be ‘looking’ at the content I published onto my page. Which, is exactly why I feel lucky that I was never ‘targeted’ for essentially, exploiting myself to the world. As I got older and moved on to other social networking websites, I stumbled upon a site called ‘Tumblr’, which is a blogging website. I never exposed myself to any sort of ‘blogging’ environments, other than posting statuses on Facebook and Myspace (back in the day). Tumblr felt like a new found glory; a space where I could openly talk about my sexuality and life experiences with whomever I wanted to read my content. When I initially joined Tumblr, I was a freshman in high school and was dealing with a lot of excess emotions. During that time period, I was struggling with my sexuality and felt that I needed to tell people before my head blew off, but I also wanted to live a ‘normal’ life and remain ‘under the radar’. Essentially, I came out to the people who read my blog on Tumblr and gained enough advice and courage from the people who read my ‘coming out’ post, to become fully open about my sexuality. I found Tumblr as a safe-haven, a place where I

Modern Labor Economics Theory and Public Method

Question: Discuss about the Modern Labor Economics for Theory and Public Method. Answer: Introduction Singapore has the highly urbanized trade oriented market economy. It has been ranked as the open economy because it has 7th ranked in the least corrupt country with minimum tax rate and third highest GDP per capita in the globe with respect to Purchasing Power Parity. The Singapore economy is a key foreign direct investment financier at the global level (Index of economic, 2016). This report analyzes the production output performance in Singapore economy and also describes the government measures to achieve the production output performance. It also evaluates the labor market in Singapore economy and defines the government policy to attain full employment. It also analyzes the price level in Singapore economy and exemplifies the government measures to achieve the stable price. Production Output Performance Analysis There are three different ways that are used by Singapore government to measure the GDP named output, expenditure and income approach. Further, income strategy measures income of people while output strategy is used to measures the worth of goods and services and also exploited to gain the income (Economic Caf, 2016). Further, the expenditure approach determines the expenses related to the goods and services. There are three performance indicators that used to measures the economy. It is discussed as below: GDP is important measures to evaluate the performance of Singapore economy over a given period. Further, GDP at the purchasing price is the sum amount of gross value added by every domestic manufacturer within Singapore economy. Further, it adds the tax of product and less the subsidies that do not involve in the products value (Singapore Government Securities, 2016). Moreover, GDP data is based on the current US dollar due to its official exchange rate. The real gross domestic product growth rate is determined by the yearly proportion growth rate of GDP at the market rate which is stand on stable domestic currency. Further, aggregately depends on the stable U.S. $ (Singapore MedTech portal, 2016). GDP per capita is referred to as the GDP that is separated by the population of midyear. It measures average income per person in Singapore country. Performance trend of Singapore economy From the above analysis, it is exhibited that real GDP of Singapore economy has declined from the US$3.6.344 Billion to US$292.739 Billion from 2014 to 2015. Along with this, it is analyzed that real GDP growth rate is declined from 6.0% to 2.0% from 2011 to 2015. Further, it is evaluated that GDP per capita has declined from US$56.124 to US$53.004 from 2014 to 2015 (Focus Economics, 2016). As a result, it can be said that there are several economic factors that affect the GDP of Singapore economies such as increasing interest rate, high unemployment rate, asset prices, wages, consumer confidence, infrastructure investment and high tax rate. Government measures adopted to achieve the production output performance There are different measures which are adopted by the Singapore government to achieve the production output performance includes lower interest rate, lower tax rate, declining exchange rate, and increase expenditure on infrastructure. It is evaluated that Singapore government tries to cut the interest rate in order to boost the aggregate demand. Because, the lower interest rate can decline the cost of borrowing, encouraging investment and spending of consumers in Singapore economy so it will help to increase the GDP of the country (Tan, et al., 2014). Moreover, Singapore government tries to cut down the tax rate and increasing their spending to boost the demand of consumers in Singapore economy. Since, a lower income tax increases the disposable income and increases the spending of the consumers (Rodan, 2016). Further, higher spending creates more jobs and offers the economic incentives. Additionally, Singapore government declines the exchange rate as it will be effective to make cheap the exports, mainly in electronics, chemicals, and services sector to make import expensive (Rodan, 2016). As a result, it will be beneficial to increase the GDP of the Singapore economy. From the above graph, it is illustrated that unemployment rate has declined from 2.0 % to 1.9% from 2011 to 2015 (Focus Economics, 2016). There are different causes of declining unemployment rate named lower interest rate, lower tax rate, improvement in skills of employees and increasing aggregate demand. Define Unemployment and their types in an economy Unemployment is the phenomenon that occurs when people have no work to do and they actively looking for a job. The unemployment rate is the percentage that is determined by separating the amount of jobless person by the amount of all currently working individual in the labor market (Pigou, 2013). Basically, three kinds of unemployment are found in Singapore named frictional, cyclical, and structural unemployment. Cyclical unemployment is one of the kinds of unemployment which arises due to lack of AD in the Singapore economy. Further, there is inadequate employments for each person who wish to job (Economics rush, 2016). In this type of unemployment, amount of jobless workers is larger than the amount of employment posts. Furthermore, frictional unemployment is another type of unemployment in Singapore economy. It defines the time duration between employment when an employee is seeking and switching jobs from one occupation to another (Pissarides, 2013). Besides this, structural unemployment is another type of unemployment within an economy. This type of unemployment arises due to unavailability of jobs for each person who looking for a job in the labor market (Pigou, 2013). Types of unemployment in the Singapore economy In Singapore, there are three main types of employment is available named structural, cyclical, and frictional unemployment. But, cyclical unemployment is a key basis of being without a job in Singapore because Singapore has a great outside division that is largely dependent on outside demand for the development of the economy. Due to the global downturn, global income has declined in Singapore economy consequently it leads to decline purchasing power, consumption, and net exports (Pigou, 2013). Further, demands for goods and services have declined consequently company cut back employees, which called cyclical unemployment. Government measures adopted to achieve full employment There are different measures used by the Singapore government to achieve full employment such as cutting interest rate, cutting taxes to boost the aggregate demand. Another measure is education and training, Employment subsidies, and Improve labor market flexibility. It is identified that government offers education and training to the unemployed person to build their skills and knowledge which enable the unemployed person to find out the employment in developing industries (Beveridge, 2014). For example, retrain the unemployed steel employees to have basic information technology skills so it assists the employees to search the work in the service sector. Moreover, Singapore government facilitates the subsidies for taking on continuing unemployed. It will be beneficial to build confidence and on the job training among the employees (Ehrenberg, and Smith, 2016). Furthermore, Singapore government makes policies to provide the flexible labor market because restricted labor market is the cause of increasing unemployment. Above graph depicted that inflation rate has declined from 5.2 to -0.5 from 2011 to 2015. It indicates that the value of money increases in the Singapore economy. Deflation is not necessarily bad but it can lead to economic stagnation and high unemployment. Further, it is analyzed that negative inflation occurs when the price falls due to a higher supply of goods as compared to the demand for goods (Focus Economics, 2016). Further, negative inflation occurs due to a reduction in money, credit and consumers spending in Singapore economy. Define Inflation and typical causes of inflation Inflation is the rate at which the amount of products and services is rising and the purchasing power of the money is declined. Further, the central bank of Singapore tries to set the limit inflation and avoid the deflation to the growth of the economy (Chand, 2016). There are two main reason of occurring inflation such as inflation caused by demand side is known as demand pull inflation and while it is originated by supply side then, it is known as cost-push inflation. There are different causes of demand pull inflation and cost push inflation. It is discussed as below: The main reason of occurring inflation is an increase in the money supply in the market because it leads to increase in the aggregate demand. Further, it is analyzed that high growth of nominal money supply may increase the rate of inflation in the market. Another cause is disposable income of people because it is identified that while disposable income increases then it increases in national income and decline in taxes and saving of the people. In addition to this, the cheap monetary policy is another cause that leads to rising in the money supply. It also increases aggregate demand of goods and services in the economy (Lim, and Sek, 2015). For example, while credit expands, it increases the money income of the borrowers and consequently increases aggregate demand relative to the supply. As a result, it leads to high inflation due to high monetary contribution. There are several causes of cost push inflation named shortage of factors of production, industrial disputes, and internati onal factor. It is analyzed that inflation arises due to lack of production factors named labor, raw material, power supply and capital. It leads to surplus capacity and decline in the industrial production. Further, industrial disputes such as trade union strike decline the production of firm consequently, reduces the supplies of goods (Chand, 2016). These disputes can be related to increasing in wages, decline labor hours and paid leaves, Causes of inflation in Singapore Economy In Singapore, inflation is caused by both side i.e. demand and supply. But, imported inflation which leads to cost push inflation is an important cause of inflation in Singapore economy. Singapore is an open economy and there are inadequate natural resources i.e. factors of production. Therefore, it has heavily relied on imports from other countries related to consumption goods and raw material (Chand, 2016). Moreover, exporting goods are made from imported raw material. As a result, it is analyzed that Singapore economy faced inflation due to the depreciation of the Singapore Dollar (SGD). Another cause of inflation is a lack of export competitiveness because it declines the demand for the currency of Singapore due to the overflow of Singapore dollars in the foreign exchange market. Government measures to achieve the stable price The central bank of Singapore takes a number of monetary actions to manage the quantity and quality of credit such as increases sell securities in the open market, bank rates; reserve ratio, and increases in margin requirement (Bodea, and Hicks, 2015). Along with this, Singapore government takes several fiscal measures to achieve the stable price such as reduction in unnecessary expenditure, an increase in taxes, and savings, and avoid the repayment of public debt (Wu, and Ramesh, 2014). Singapore government also makes rational wage policy, and makes policy to increase in the production which is beneficial to achieve the stable price in the Singapore economy. Conclusion It is concluded that GDP of Singapore economy has declined in 2015 as compared to previous year so the government takes several measures to achieve the production output performance such as try to cut down the interest rate, tax rate, and exchange rate. Further, it can be summarized that unemployment rate has declined in 2015 as compared to the earlier year. Therefore, Singapore government takes measure to achieve full employment named education and training, employment subsidies, and improve labor market flexibility. Along with this, it is stated that inflation rate has declined in 2015 as compared to past years so the government takes measure to achieve the price stability named control the quantity and quality of credit, reduction in unnecessary expenditure, increase in taxes, and savings, and avoid the repayment of public debt. References Beveridge, W. H. (2014).Full Employment in a Free Society (Works of William H. Beveridge): A Report(Vol. 6). UK: Routledge. Bodea, C., Hicks, R. (2015). Price stability and central bank independence: Discipline, credibility, and democratic institutions.International Organization,69(01), 35-61. Chand, S. (2016). Inflation: Meaning, Causes and Effects of Inflation. Retrieved from: https://www.yourarticlelibrary.com/inflation/inflation-meaning-causes-and-effects-effects-of-inflation/29293/ Economic Caf (2016). Economic Growth. Retrieved from: https://www.economicscafe.com.sg/economics-lecture-notes-chapter-11/ Economics rush (2016). Possible causes of unemployment in Singapore. Retrieved from: https://economicsrush.wordpress.com/2014/02/22/explain-possible-causes-of-unemployment-in-singapore-10m/ Ehrenberg, R. G., Smith, R. S. (2016).Modern labor economics: Theory and public policy. UK: Routledge. Focus Economics (2016). Inflation in Singapore. Retrieved from: https://www.focus-economics.com/country-indicator/singapore/inflation Focus Economics (2016). Singapore-GDP. Retrieved from: https://www.focus-economics.com/country-indicator/singapore/gdp Focus Economics (2016). Unemployment in Singapore. Retrieved from: https://www.focus-economics.com/country-indicator/singapore/unemployment Index of economic (2016). Singapore Economy. Retrieved from: https://www.heritage.org/index/country/singapore Lim, Y. C., Sek, S. K. (2015). An examination on the determinants of inflation.Journal of Economics, Business and Management,3(7), 678-682. Pigou, A. C. (2013).Theory of unemployment. UK: Routledge. Pissarides, C. A. (2013). Unemployment in the great recession.Economica,80(319), 385-403. Rodan, G. (2016).The political economy of Singapore's industrialization: national state and international capital. Berlin: Springer. Singapore Government Securities (2016). The Singapore Economy. Retrieved from: https://www.sgs.gov.sg/The-SGS-Market/The-Singapore-Economy.aspx Singapore MedTech portal (2016). Singapores Economic Policies and Key Government Agencies. Retrieved from: https://www.medtech.sg/singapores-economic-policies-key-government-agencies/ Tan, F., Lean, H. H., Khan, H. (2014). Growth and environmental quality in Singapore: Is there any trade-off?.Ecological Indicators,47, 149-155. The world bank (2016). GDP (current US$). Retrieved from: https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?end=2015locations=SGstart=2011view=chart Wu, X., Ramesh, M. (2014). Market imperfections, government imperfections, and policy mixes: policy innovations in Singapore.Policy sciences,47(3), 305-320.

Physiology and Human Anatomy

Questions: 1. a) Filtration, secretion and excretion b) Clearance , excretion and glomerular filtration rate 2. a) What types of anabolic steroids would they use b) What could be some undesirable effects of taking such steroids? 3. Why is the endocrine system considered one of the integrative systems of the body? Answers: 1. a) Filtration, secretion and excretion Filtration Filtration is the movement of water and solutes from plasma to the renal tubule that occurs in the renal corpuscle. at any given time about 20% of the plasma volume passing through the glomerulus is filtered. In other words, about180 litersof fluid are filtered by the kidneys every day. That means, the entire plasma volume (which is about 3 liters) is filtered almost 60 times a day. Filtration is primarily driven in the capillaries of the glomerulus by fluid pressure (blood pressure). It has to be remember that kidneys filter much more fluid than the actual amount of urine excreted (which about 1.5 liters per day). This is essential for the kidneys to rapidly remove waste and toxins from the plasma efficiently. Secretion After filtration has occurred, secretion of additional substances into the tubular fluid by the tubules continues. This enhances the kidney's ability to eliminate certain wastes and toxins. It is also essential for the regulation of plasma potassium concentrations and pH. Excretion The result of the above processes is excretion, which goes into the urine. Initially the original concentration of a substance in the tubule fluid may be close to that of plasma, subsequent filtration, re-absorption and secretion can dramatically alter the final concentration in the urine. The amount of a particular substance that is excreted is determined can be written in simple formula: E.g. amount filtered - amount reabsorbed + amount secreted= amount excreted b) Clearance , excretion and glomerular filtration rate Renal clearance is a measurement that allows one to analyze the activity of the kidney. The definition for clearance could be defined is thevolume of plasmafrom which a substance is completely removed by the kidney in a minute. As an example if we say, the clearance for urea is 65 ml/min. This means that the kidney removes all of the urea in 65 ml of plasma in one minute. Every minute approximately 625 ml of plasma goes to the kidney. This is called the renal plasma flow. Some of the fluid leaves the kidney in the plasma while some leaves the kidney as urine. There are only two ways for a substance to end up in the urine: the substance either it isnot filtered but issecretedby from theperitubular capillariesinto thetubules or it is filteredat theglomerulusand then notreabsorbedfrom thetubules,. In either instance, the substance ends up in thecollecting ductand has been excreted into the urine (de Souza and Hallak, 2011). Of the 625 ml/min of plasma that goes to theglomerulus, 125 ml/min are filtered intoBowman's Capsuleforming the filtrate (this is known as the glomerular filtration rate). The remaining 500 ml/min remain in the blood and enter into theperitubular capillaries. Of the 125 ml/min which was filtered initally , almost all of the water in this fluid is reabsorbed and put back into the blood. It is important to remember that the composition of the filtrate inBowman's Capsuleisidenticalto the composition of the plasma except that the filtrate has no or very few proteins. It has to be remember that this is not true for the urine. This means, for example, that the concentration of glucose in the filtrate inBowman's Capsuleis the same as that in the plasma. Glomerular filtration rate GFR - glomerular filtration rate is the test to measure ones level of kidney function and which determine if there are any kidney disease is present or not. It can be calculated from the results of age, body size blood, gender, and creatinine test. If the GFR number is low, kidneys are not working properly as they should. The glomerular filtration rate is 125ml/min in a normal person but person with diabetes, high blood pressure or any other cardiovascular diseases shows altered rate of glomerular filtration. 2. a) What types of anabolic steroids would they use Anabolic steroids are synthetic hormones, which mimics the structure and function of male hormone testosterone and androgens (Bowman, 1990). Types of anabolic steroids used by athelets are Testosterone Nandrolone Boldenone Stanozolol Dan azol Mesterolone b) What could be some undesirable effects of taking such steroids? Kidneys are involved in filtration and removal of metabolic byproduct from the body. When steroid compounds cause strains in the renal structure. Because of anabolic steroids blood pressure most likely to rise in the body as well as in the kidney and this high blood pressure glomerular filtration rate are severely hampered. Along with kidney dysfunction prostate enlargement, testicular atrophies, liver dysfunction, hair loss, depression , gyncomastia , cardiovascular disease are also observed because of abuses or misuses of anabolic steroids(de Souza and Hallak, 2011). 3. Why is the endocrine system considered one of the integrative systems of the body? The endocrine system is considered one of the integrative systems of the body because the hormones produced by the system act locally as well as different other parts of the body. Hormones from the endocrine system, they cross talk to the cell and tissues of different organs and systems of the body and maintains integrity throughout the system. As per George P Chrousos Cells communicate with each other through molecular messengers, the hormones. The simple definition of a hormone as an intercellular messenger is much more inclusive than the original one, which limited the hormones to substances produced by specialized multicellular organsthe glandsthat circulated in blood and acted on distant target organs. This simplification allowed single cells to be considered glands or targets of hormones, or both, and eliminated blood circulation as a prerequisite. The concept of endocrine function thus was expanded to paracrine, autocrine, juxtacrine, and intracrine functions, whereas the classic endocrine system, which included the traditional endocrine axes, was expanded to every organ and cell in the body that produced and responded to hormones. (Chrousos, 2007) References: Astor, B., Shaikh, S. and Chaudhry, M. (2013). Associations of endogenous markers of kidney function with outcomes. Current Opinion in Nephrology and Hypertension, 22(3), pp.331-335. BASELINE TOTAL KIDNEY VOLUME IS ASSOCIATED WITH WORSENING OF KIDNEY FUNCTION INDEPENDENTLY OF BASELINE GLOMERULAR FILTRATION RATE IN PATIENTS WITH AUTOSOMAL DOMINANT POLYCYSTIC KIDNEY DISEASE. (2014). American Journal of Kidney Diseases, 63(5), p.B90. Hori, Y., Murayama, T., Fukushima, K. and Takahashi, H. (2011). Relations between Glomerular Filtration Rate of Chronic Kidney Disease with Cardiac Size and Function in Patients with Chronic Atrial Fibrillation. J Arrhythmia, 27(Supplement), pp.PJ3_023. JOHNSON, D. (2005). Use of estimated glomerular filtration rate to assess level of kidney function. Nephrology, 10(s4), pp.S140-S156. Stevens, L., Coresh, J., Greene, T. and Levey, A. (2006). Assessing Kidney Function Measured and Estimated Glomerular Filtration Rate. New England Journal of Medicine, 354(23), pp.2473-2483. Bowman, S. (1990). Anabolic steroids and infarction. BMJ, 300(6726), pp.750-750. de Souza, G. and Hallak, J. (2011). Anabolic steroids and male infertility: a comprehensive review. BJU International, 108(11), pp.1860-1865. Chrousos, G. (2007). Organization and Integration of the Endocrine System: The Arousal and Sleep Perspective. Sleep Medicine Clinics, 2(2), pp.125-145.

Accommodating All Five Types of Web Visitors - The Writers For Hire

ACCOMMODATING ALL FIVE TYPES OF WEB VISITORS There are five different types of online visitors, each with unique reading and learning styles. In order to write effective copy, your website needs to reach each of the different types of readers and give them the information they need in the way they want it. Let’s take a look at each of the types of online personalities, and some best practices to get them hooked, make a sale, and convert them through your online copy. Group 1: Information Gatherers These folks want to know as much as they can before they make a call or place an order. They want to know your pricing, they want to read about your guarantees and warranties, they want to know how your product works, and they want to know your credentials — they want all the information they can get their hands on, really. These are the people that will be reading your copy attentively, so all of the standard copywriting rules apply: Be clear. Be concise. Be specific. Be benefit-oriented. Remember, the golden rule of attracting Information Gatherers is to never make them guess. Group 2: Visual Learners Visual learners hate to read. When they come to your website, they’re looking for a few pictures or charts where they can quickly grab the info they need to make a decision. You can accommodate visual learners by adding graphics — like a flow chart about how your business or service works, or a table comparing your prices to your competitor’s prices. There are also lots of web tools out there that can also accommodate visual learners, including: Test resultsProcess chartsLabeled diagramsInfographics Group 3: Doers Doers don’t want to research your company or read your website. Period. They want to get it done and move on. They want to find your action statement — and they want to find it fast. Doers literally read your headline and then scroll to the bottom of the page to place an order or fill out your contact form. If you want to keep their attention, you’ll need to give this group something to do: Every page of your website needs to have a call to action — whether it’s â€Å"Print this Coupon Now for a 15% discount† or â€Å"Sign Up For Our Newsletter.† And remember: This group doesn’t want to dig around for information. Make sure that your call to action is clear and easy to find. Don’t bury it in a bunch of copy — highlight it, make it bold, make sure it’s in a prominent position on your website. A few other ways you can capture (and keep) doers’ attention: Put contact information on every single pageAllow for multiple methods of contact: phone, email, forms and even chat Group 4: Speed Readers This name is a little deceptive, because â€Å"Speed Readers† don’t actually read your website — they skim it. The opposite of Information Gatherers, Speed Readers figure they can get everything they need by reading the headlines and a few bolded points. To make this group happy, your web copy needs to be broken up and easy to scan. A few other ways to keep skimmers happy? Use bullets, big headlines, and bolding to guide them to the main ideas. Group 5: Listeners These guys would rather see and hear it than read it. They love videos and voice-overs. This is the group that will want to check out your company’s YouTube channel right away; they’re huge fans of things like product demos, unboxing videos, and video testimonials. Unlimited Combinations Most people are some combination of these five basic types. For example, Speed Reader/Information Gatherers skim your content for the important stuff, but if they like what they see, they’ll come back later and scan each page in-depth. Some people are Doers when they’re in a hurry — but when they have enough time on their hands, they’ll go into Listener mode and scour your site for video testimonials and demos.   This is why it’s important to accommodate all types of visitors. By tailoring your content to each type of audience, you’re ensuring that people can interact with your website however they want.Tweet this This is also why redundant content is acceptable — and even desirable — in web writing. People are going to skim, scan, and skip around. By including things like key points and contact info on each page, you’ll ensure that nobody misses the critical information.

Free Essays on Reconstruction Failure Or Success

During Reconstruction America missed the opportunity to meet racial equality. James McPherson's paper "Reconstruction: A Revolution Manquà ©" claims that many things such as the poverty and illiteracy of blacks after the Civil War contributed to the racial inequality during this time period. McPherson believes that for this reason the Reconstruction era was a failure. I believe the other things that were Accomplished in this time period overshadow this failure. According to McPherson, there were quite a few reasons that America failed to achieve racial equality during reconstruction. The reason that contributed most to it was probably that the North was not entirely committed to it. Several Northern states did not pass the laws that would allow Negro suffrage. These laws did not end up getting passed until the Fifteenth Amendment. The North did not want racial equality because they felt it was unfair to treat the blacks in the manner they were. Northerners wanted it because the South was opposed to it and the North still had opposition to the South after the war. Another reason for the failure of racial equality during Reconstruction was the opposition the South had for it. They often reacted with violent organizations such as the Ku Klux Klan which even the government could not fully contain. They would attack the Black families especially the politicians and the ones that were doing well in society. The Republican party also aided to the inequality of Negroes. Blacks wanted more representation in the government councils which Southern whites could not agree with. This made it easier for the Democratic party to take over many of the states. The last reason given for Reconstructions failure is that the Negroes were uneducated. Most of them could not read or write because it was forbidden for the slave masters to teach them. This along with the combination of them being poor from slavery made it very difficu... Free Essays on Reconstruction Failure Or Success Free Essays on Reconstruction Failure Or Success During Reconstruction America missed the opportunity to meet racial equality. James McPherson's paper "Reconstruction: A Revolution Manquà ©" claims that many things such as the poverty and illiteracy of blacks after the Civil War contributed to the racial inequality during this time period. McPherson believes that for this reason the Reconstruction era was a failure. I believe the other things that were Accomplished in this time period overshadow this failure. According to McPherson, there were quite a few reasons that America failed to achieve racial equality during reconstruction. The reason that contributed most to it was probably that the North was not entirely committed to it. Several Northern states did not pass the laws that would allow Negro suffrage. These laws did not end up getting passed until the Fifteenth Amendment. The North did not want racial equality because they felt it was unfair to treat the blacks in the manner they were. Northerners wanted it because the South was opposed to it and the North still had opposition to the South after the war. Another reason for the failure of racial equality during Reconstruction was the opposition the South had for it. They often reacted with violent organizations such as the Ku Klux Klan which even the government could not fully contain. They would attack the Black families especially the politicians and the ones that were doing well in society. The Republican party also aided to the inequality of Negroes. Blacks wanted more representation in the government councils which Southern whites could not agree with. This made it easier for the Democratic party to take over many of the states. The last reason given for Reconstructions failure is that the Negroes were uneducated. Most of them could not read or write because it was forbidden for the slave masters to teach them. This along with the combination of them being poor from slavery made it very difficu...

Research Paper on Womens Rights Essay Example | Topics and Well Written Essays - 2000 words

Research Paper on Womens Rights - Essay Example However they overlooked the fact that raising children, milking cows, washing clothes and all the other household chores require heavy intensive labor. And recent experiments and tests have shown that women are more pain tolerant than men. The biological implication of the women as the child bearer has also played a pivotal role in incarcerating them in the house. The common view, that a woman's place is in the house basically stem more from that than any other reason. Even after the invention of contraceptives and abortions, due to which they have a greater control over child birth, societal pressures force them to take up the position of a dedicated wife and mother. Due to this pressure the world fails to see and benefit from the intellect of talented women. Most of them fail to finish college and even if they do a little percentage pursue careers. Traditionally, females are expected to learn skills from their mothers. More emphasis is given on developing instincts for running houses rather than a profession. During the 1960s many studies revealed that girls tended to achieve higher in early school years rather than in high schools. A major reason was that girls themselves were never aware that they can have more prospects than just being a house wife. The concept did not exist in their minds. They accepted whatever was ingrained in them. However this trend has been changing over the years. (Eisenberg & Ruthsdotte, 1998) General History Taking a trip down the lane of history it can be seen that the formal education of girls has always been given less importance than that of boys. When America was a colony, the girls used to study in dame schools. They did not have any master school of their own and they could only attend the school for boys if there was any room available for them. This was mainly in the summers when all the boys were out working. However the number of women students started increasing gradually and by the end of the 19th century it had reached great levels. This was due to the fact that more and more women colleges and universities were opened and these women could even apply in regular institutes. In 1870 it was recorded that one fifth of the students studying in the colleges and universities were females. Another survey held in 1900 showed that this proportion had increased to more than one third. As for degrees, women were found to be obtaining 19 % of all the undergraduate college degrees around the start of the 20th century. By the end of the 20th century, this figure had dramatically risen to about 49 %. Even in graduate studies these women were seen to increase in number. Around the mid 1980's they were earning 49 % of all masters degrees and 33 % of all doctoral degrees. Also around the same period it was recorded that 53% of all college students were women from which more than a quarter were above the age of 29. Political History of Women Liberation First Wave The women rights movement began on the 13th of July 1848 when 6 women met for tea. Their conversation drifted towards the situation of women and feeling discontented with it they decided to take action. Today we are living the legacy of the conversation between these women. After two days of the

The Last Mountain Movie (Mountain top removal) Essay

The Last Mountain Movie (Mountain top removal) - Essay Example The process results in both air and water pollution, which is not just local but also has the potential to spread across states. Huge amounts of coal sludge is generated, which when spilled, pollute local rivers. Local wells and springs are contaminated with heavy metals. Moreover, freshwater fish from water bodies around such locations are unsafe for consumption due to the risk of mercury poising. The process also damages the homes of local residents by causing floods as the natural drains such as waterways and streams have been buried in the process. The process also results in the depletion of forest cover, which would have otherwise existed on the mountains. The use of explosives for blasting the mountain tops leaves behind vast amounts of toxic wastes, and the resultant rubble along with silica dust or fly ash often finds its way into people’s homes as the wastes are dumped down the valley. Thus, the ecological balance and safety of the local environment is affected in a very adverse way. The local people have been affected in terms of both health and economy. The pollution caused during the process of mountain top removal and coal mining results in innumerable adverse effects on human health. Common health complications include brain damage, breathing disorders and cancers. As pointed out in Bill Haney’s The Last Mountain, every year in the US, emissions from the coal plants result in more than 10 million cases of asthma, 600,000 cases of brain damage in newborn children, apart from 43,000 premature deaths. Brain tumors and autism are common in such localities. The homes of the local residents undergo destruction because of flooding and rubble dumped into the valley. A large number of people lose their jobs due to increasing mechanization of coal mining. As big coal companies have replaced manual labor and jobs with machines, the number of local jobs has been brought down significantly.

Current Event Paper Assignment Example | Topics and Well Written Essays - 250 words - 5

Current Event Paper - Assignment Example Repairs and maintenance, raw materials, merchandise, finished goods are various examples of inventory. A medical centre in the University of Maryland has initiation on the use of fingerprint scanners and pseudo codes for drug delivery by mobile controlled robot. This comes after a risk of drug and narcotics theft and mishandling cases in the world hospitals has become a topic of discussion. High-tech solution has a consideration of radio frequency on tag identification and password initiation in the dispensing machines. Robotic prescription delivery software is in the application that monitors any suspicions. This helps the medics, nurses and patients as it has a tracking for errant medications and can make full calculations and corrections (Landro, 2014). This medication programme has a close relation to the inventory management. It has full reflection of inventory management function, in helping and decoupling operations in hospitals, and protection against medical thefts. Encompassing of list is on point in this article, and password- protected operation and robotics signify full inventory control. Article URL:

Effect of WCM on Firm Profitability in Pakistan Textiles

Effect of WCM on Firm Profitability in Pakistan Textiles This research examines the effect of Working Capital Management (WCM) on profitability of firms in the textile sector of Pakistan. I also used cost of production and fixed assets cost as control variable to investigate their effect on profitability of textile companies. I have selected a sample size of 55 textile companies of Pakistan for a period of six years from 2003 to 2008. Regression and coefficient of correlation are used for analysis. The SPSS result R=0.77 shows the strong correlation between the model which helps me understand the relationship between working capital, cost of production, fixed assets and profitability. OBJECTIVES This research is focusing on working capital management and its effects on profitability of textile companies in Pakistan. The main objectives are: To determine the relationship between the efficiency of Working Capital Management (WCM) and Profitability over a period of 6 years for 55 Textile firms of Pakistan. To analyze the relationship between cost of production and profitability of textile companies. To find out the effect of fixed assets cost on profitability of textile companies. To draw conclusion about the relationship between efficiency of working capital management and profitability of textile firms in Pakistan. To suggest some measures for improvement in working capital management of textile sector in Pakistan. LIMITATIONS Due to the time frame and choice of the subject there were number of limitation faced by the researcher during the thesis. The first and the foremost limitation to this research is the shortage of time which created many hurdles in collecting data and completion of report; Researcher was unable to find many research on his topic within the scenario of Pakistan. So therefore researches were unable to compare its finding with other researches; Very few studies have been made in relation to Working Capital Management (WCM) especially in the textile sector in Pakistan. Therefore, the present study is a maiden attempt to analyze the relationship between WCM efficiency, cost of production, fixed assets cost and Profit in the textile sector in Pakistan. Its was very difficult for research to collect financial data of 55 textile companies in a very short span of time allotted to complete the research. Chapter 1: INTRODUCTION 1.1 Textile Sector: Textile products are a basic human requirement next only to food. Backbone of industrial sector which plays a vital role in the national economy it give support to GDP, exports, employment, foreign exchange earnings, investment and contribution to value added industry by providing employment to largely utilized workforce. So to boost the economy and to reduce the poverty in the country the performance of all industrial sectors is very important and textile sector is one of the major sectors of all developing countries. 1.2 Performance of Textile Sector in Pakistan: The performance of textile sector has strong relationship with the cost incurred by textile sector and effective management of net working capital. Pakistan is a developing country which lack in most of the industrial resources same as the case with textile sector in Pakistan we have to import most of the technical machinery used in textile sector from other developed countries which increases the overall cost of textile sector in Pakistan as well as lack of working capital, increase in fuel prices, electricity shortage, high import duties, high cost of debt, taxation and all other factors together bring negativity in the performance of textile sector. However, Pakistans textile industry has again started to invest in the textile machinery and the imports of textile machinery for the month of February, 2010 were $23.1 million, an increase of 190% as compared to the imports of machinery in February, 2009 of $7.99 million. From July 09 to February 10 the total imports of machinery reco rded 3.1% increase, from $158.89 million to $163.844 million for the same period last year. Although the textiles sector cost has increased by purchase of these new machineries but this technology placed the positive impact on performance of textile industries because this not only increase productivity ultimately profit but also it helps to compete in the international market. The increased in labor cost is also one of factor effecting the textile sector in Pakistan because the major portion of textile production depends upon the labor used for production purposes due to the lack of technology. As the enhancement of minimum wages for textile sector is announced which proposed increase in minimum wages from Rs.4, 600/= to Rs.6, 000/= per Month (over 30%) for unskilled workers will have a devastating effect on industry. Besides the financial impact will also have to be borne towards payment of gratuity, provident fund, EOBI, social security excluding overtime etc. which if worked out will come to Rs.8, 322. In addition to the above, proportionate increase will also have to be given to the skilled cadre of workers as for instance; an operator will refuse to work at the same rate of salary being paid to a doffer. This will make textile sector survival more difficult in current scenario. The growth of textile sector depends on its productivity and mainly depend s on the cost and profitability. The textile sector is the largest sector of Pakistans economy which has the major shares in exports of the country but the major financing of this industry depends upon the bank loan. To purchase heavy machineries on cash or to lease them, the textile sector required huge amount of investment and to meet daily expenditures they need net working capital and for all that they have to borrow from bank by paying interest (i.e. cost debt) which increases the overall cost of textile sector in Pakistan. The textile sector of Pakistan is divided in many small firms which have small capital structure most of them are mainly dependent on loans due to unavailability of funds, continuous increase in cost of production. All these factors have a cumulative effect on the cost and profitability of textile sector as the increase in double digit inflation the survival of textile sector become more difficult. Although the textile sector of Pakistan is backed by the government with their greatest intere st in textile sector. They have arrange different types of investment policies and funds for textile sector but the improvement in textile sector due to other factors is still less then the requirement. Importance Of Textile Industry In Pakistans Economy 1.3 Effect of Working Capital and Other Factors on Textile Sector: Working capital management is a very important component of finance because it directly affects the profitability and liquidity of any organization especially in developing countries like Pakistan. It comprises funds invested in Current Assets, which in the ordinary course of business can be turned into cash within a short period without undergoing diminishing in value and without interruption of the organization. Current Liabilities are those which are projected to be paid in the ordinary course of business within a short time. Every company has to make arrangements for adequate funds to meet the day-to-day expenditure apart from investment in Fixed Assets. However, Pakistan textile sector is on decline just because of the additional cost due to lack of working capital which can have impact of profitability and liquidity and increase in inflation also effect textiles production badly. In this research, I have discussed and analyzed the relationship between the efficiency level of working capital management and profitability of textile sector in Pakistan as it is the major sector which contribute in Pakistan economy and generate foreign revenue by exporting textile products to international markets but the increase in cost, debt and improper management of working capital in this sector make its a declining sector in terms of profitability and liquidity. The textile industries come under the SMEs (Small Medium Enterprises) which does not bear the continuous increase of cost. According to APTMA, textile exports of Pakistan have declined by about 20% in 2008. The industry is bracing for more trouble ahead with continuing crises of electrici ty and gas, international market access, global economic slowdown, lack of capital and adverse travel advisories. Chapter 2: LITERATURE REVIEW 2.1 Concept of Working Capital: Gross Working Capital: It represents the total current assets and is also referred to as circulating capital because current capital as current assets, are circulating in nature. Net Working Capital: It is a measure of liquidity and it can be defined in two ways. The most usually implied definition of net working capital is that it represents the difference between current assets and current liabilities. Some people also define it as excess of current assets over the current liabilities. It is that portion of the firms current assets, which is financed by long-term funds. 2.2 Objectives of Working Capital Management: The main objective is to ensure the maintenance of satisfactory level of working capital in such a way that it is neither inadequate nor excessive. It should not only be sufficient to cover the current liabilities but ensure a reasonable margin of safety also. To minimize the amount of capital employed in financing the current assets. This also leads to an improvement in the à ¢Ã¢â€š ¬Ã…“Return of Capital Employedà ¢Ã¢â€š ¬?. To manage the current assets in such a way that the marginal return on investment in these assets is not less than the cost of capital acquired to finance them. This will ensure the maximization of the value of the business unit. To maintain the proper balance between the amount of current assets and the current liabilities in such a way that the firm is always able to meet its financial obligations, whenever due. This will ensure the smooth working of the unit without any production held ups due to paucity of funds. 2.3 Nature Importance of Working Capital: Working capital is the most important concepts that a company should understand as how working capital and financing helps them to survive and competitive in business world. Working capital fulfills the short-term financial requirements of any business organization including textile companies especially in developing countries like Pakistan. It is regarded as operating capital needed to meets daily cash requirement of the organization and can not be retained in the business for a longer period of time in a particular form. The money invested in working capital changes its form and substance during the normal course of any business operations and the need and importance for maintaining an adequate working capital in any industry including textile sector can not be neglected in any way. Just as human body can not survive without the circulation of blood in the body, the organization also requires sufficient flow of funds within the organization. If it becomes weak, the business can har dly survive, prosper and generate profit. In developing countries like Pakistan, working capital starvation is generally accredited as one of the most important reason which causes the decline of any industry. According to Rafuse, (1996), Working capital starvation is generally credited as a major cause if not the major cause of small business failure in many developed and developing countries. There are several problems that create starvation of cash in any business which include poor financial management and improper planning of cash management. Jarvis et al, (1996) said that the cash flow problems of many small businesses are exacerbated by poor financial management and in particular the lack of planning cash requirements. For the financial strength of the business, a company should have and will prefer to have a positive working capital rather than a negative working capital. Some of the best ways to acquire short-term working capital financing are equity, trade credit and short-term loans. 2.4 Determinants of Working Capital: Working capital management is an indispensable functional area of management. However the large number of factors influences the total working capital requirements of the firm. It may however be added that these factors affect differently to the different units and these keep varying from time to time. In general, the determinants of working capital, which are common to all organizations, can be summarized as under: Nature and Size of Business Production Cycle Business Cycle Production Policy Credit Policy Growth Expansion Proper availability of raw materials Profit level Inflation Operating Efficiency 2.5 Sources of Working Capital: The working capital necessary and what constitutes working capital have been analyzed in depth. Now we look out what are the ways we can generate working capital. Trade Credits Bank Credit Current provisions and non-bank short term borrowings: and Long term sources i.e., equity share capital, preference share capital and other long term borrowings. 2.6 The Management of Working Capital According to Van Horne (1977), working capital management is the management of current assets such as cash, marketable securities, receivables, and inventories. Osisioma (1997) described working capital management as the regulation, adjustment, and management of balance between current assets and current liabilities of a firm such that maturing obligations are met, and the fixed assets are properly serviced. In order to manage working capital efficiently, two elements must exist as necessary components and desirable quantities. Osisioma (1997) explained that efficient working capital management must guarantee an adequate relationship between the different components of a organizations working capital so as to make an efficient mix, which will guarantee capital adequacy. Thus, working capital management should ensure that the desirable quantities of each component of the working capital are available for organization. However, the question arises that à ¢Ã¢â€š ¬Ã…“What determines n ecessary components of an organizations working capital and how much of such necessary components can be considered as adequate or desirable?à ¢Ã¢â€š ¬? Each organization working capitals necessary components depend on the type of business and industry. Cash, accounts payables, accounts receivables, marketable securities, inventories, and redeemable futures can be recognized as the common components of firms working capital. However, the question is to recognize the factors that determine the adequacy of working capital based on growth, size, operating cash flow, etc. The inability to understand the determining factors and measurement of adequate amounts of working capital will lead an organization to bankruptcy. The altitude of performance levels businesses have traditionally been attributed to many general managerial factors such as manufacturing cost, marketing strategies and operations. Working capital management may have a consequent impact on business survival and growth (Kargar and Blumenthal, 1994). The proper management of working capital is very vital for the financial health of businesses of all sizes. It is often observed that the amounts invested in working capital are high in percentage to the total assets employed. Therefore, it is imperative that these amounts should be used in an efficient and effective manner. However, there is substantiation that manufacturing sector which include textile industry as well are not very good at managing their working capital. Reasons for that are many small businesses suffer from undercapitalization, increase cost of production, increase fixed asset cost and lots of other factors. According to V MARIAPPAN, K CHIDAMBARAM) (2003), Productivity does not only mean the increase in production but it relates to the cost reduction and efficiency in the process of production. Therefore, the importance of exerting tight control over working capital investment, cost of production and cost of fixed assets can not be neglected. An organization can be highly profitable, but if it fails to translate this into cash from operations within the same operating period, the organization would require borrowing to support its continued working capital requirements. Hence, the dual objectives of profitability and liquidity must be synchronized and one should not impinge on the other for long. Investments by any business in current assets are inevitable to ensure delivery of goods or services to the ultimate customers and a proper management of same should create the desired impact on either profitability or liquidity. If different resources are blocked at the various phases of the supply chain, this will lengthen the cash operating cycle. However, profitability might increase due to increase sales but it may also adversely affect the profitability if the costs tied up in working capital surpass the benefits of carrying more inventories and/or allowing more trade credit to customers. (Padachi, Kesseven, Oct 2006) 2.7 Production Cost Profit: Production cost is the cost of materials and labor necessary to produce goods and there are two types of profit that is generated from a business. The first is gross profit which is the difference of the total revenue generated after the sale of each item by the production cost for that item. Second is net profit which is calculated once the company pays taxes, rent, and other expenses that might come with running and owning the business. However lack of technology, increase labor and material cost, higher cost of debt and other factors increases production cost and decrease profit but if production increases, businesses are able to purchase more materials at a discounted rate, which can help them to reduce the production cost. 2.8 Textile Sector Cost of Production: The relationship of cost of production with profit of any sector is the key element used to evaluate the productivity of that particular sector including textile sector. Productivity is often mixed with increased production. However, higher production does not always mean higher productivity. Higher productivity can be achieved only by better utilization of resources and reduction of cost. So the importance of production cost can not be neglected and is closely related to the increase productivity of industrial sector on any economy. According to the Michael porter of the Harvard University says the competitiveness of any sector is totally depend on the productivity of its industrial sector. Productivity does not only mean the increase in production but it relates to the cost reduction and efficiency in the process of production (V MARIAPPAN, K CHIDAMBARAM) (2003). The competition from international market has been increased due to the continuous innovation on technology used in the industrial sector of textile which ultimately increases the cost. The protection from international competition of the earlier semi-insular phase has given rise to high cost manufacturing, which is inhibiting both the expansion of the domestic market and more rapid development of exports [India, 1985:16].(Aug 29 1989). However, the intense competition in international market leads to the high domestic growth with increased in the level of exports. Productivity is getting drained mainly due to under- utilization of machines, inefficient working, poor machinery maintenance, over- spinning, lack of modernization, power shortage and unhealthy labor and management relations [Gulrajani 1982]. (2003) with reference to above saying the same situation is related to the Pakistans textile sector the machines used in the textile sector is either underutilized or very old which became the hurdle in productivity of the sector and the labor related with this textile sector is also effected due to strong labor unions in the country which increase cost and decrease productivity and eventually profit of the textile sector. The government policies related to the investment on technological innovation also effect textile sector Government policies in these sectors, it is argued, have been biased against fresh investments; and import restrictions on capital goods and advanced technology have condemned entire industries to obsolete technologies (1989). The restriction on the imports and other obligations imposed by the Government on the purchase of machinery from outside country force the entire industry to obsolete technologies as well the continuous capital requirement for the expansion of production and other raw material cost force the textile sector to borrow money from bank to inject working capital. One of the most important concepts that a new business owner should know is how working capital and financing helps them survive and grow in a competitive world. The difference between current assets and current liabilities is known as à ¢Ã¢â€š ¬Ã…“net working capital (Jonathan Keith Gober). The data of textile sector used in this research shows that most of the companies have negative working capital which means the current liabilities of the textile sector is more than the asset which again increase the cost of the textile sector of Pakistan. 2.9 Textile Sector Cost of Fixed Assets: With increasing global competition, the survival of any industry is getting difficult day by day especially in developing countries like Pakistan. Textile sector or any other sector of all developing countries used machineries and fixed assets which are obsolete and outmoded which increases their cost of production and decline productivity, efficiency and profitability. According to V. Mariappan and K. Chidambaram (2003), proper machine utilizations, the effective cost management and quality of material supplies are the three vital factors that determine the operating efficiency of a textile mill. Developing countries lack in most of the industrial resources same as the case with textile sector in Pakistan we have to import most of the technical machinery and equipment used in textile sector from other developed countries and this increases the overall cost of textile sector in Pakistan. Although the cost of textile sector increases with purchase of new machineries and equipment but this advancement in technology create the positive impact on performance of textile sector because this not only increase productivity, efficiency and profitability but also it helps textile firms to compete in the global market. Increase productivity of the textile sector is not only the outcome of advancement in the level technological development but other factors such as relative cost of labour and equipment, the cost of material, effective management of working capital and other resources also create an impact on it. Thus, higher productivity is not an accident. It is the result of effective p lanning and the judicious use of resources, V. Mariappan and K. Chidambaram (2003). Chapter 3: METHODOLOGY 3.1 Statement of Problem: What is the impact of working capital, cost of production and fixed assets cost on profitability of textile sector in Pakistan? 3.2 Hypotheses: H1: Increase in working capital negatively affect the profitability of textile sector by increase in short term liabilities. H2: Investment in technological instruments (Fixed Assets) has the positive impact on the profitability of textile sector: H3: High production cost has a negative impact on the development of textile sector. 3.3 Data Collection: There are two major sources of data collection use by the researchers for research purposes. They are: Primary Data: Primary data is used for the first through questionnaires, interviews and service and this is not published anywhere before. Secondary data: Secondary data is used for the researches which are based on already published in different newspapers, research journals and yearly companies reports. Chapter 4: STATISTICAL ANALYSIS In the model summary table he capital à ¢Ã¢â€š ¬Ã…“Rà ¢Ã¢â€š ¬? in this table is coefficient of correlation which is .775 which shows that there is high correlation(relationship) between dependent (net income) and independent variables (fixed assets, working capital and cost of good sold) the second column which shows R Square (coefficient of determination or regression coefficient) which shows that 60% Of variation in net income amount is caused by predictors third column is Adjusted R square 59.7% variation is caused by predictors considering number of observations and the number of predicted variables. The ANOVA table tests the model acceptability and how model fits the first row which shows regression displays information about the variation accounted for by your model and the second row of Residual shows information about the variation is not accounted by your model the significance value of F is .000 which is less than 0.05 so it means than model is acceptable and the variation explained by the model is not due to chance. The coefficients table the first row shows constant which is second column of first row -38.373 shows that when all predictors (cogs, working capital and fixed assets) are held to zero the amount of net income is -38.373 and the constant is also significant P0.05, p=0.641 which means that change in fixed assets will not bring any change in net income On the basis of correlation matrix fixed assets is again rejected of being related to net income R=0.309 which is very low correlation it is also insignificant as shown in coefficient table. Chapter 5: CONCLUSION RECOMMENDATIONS: 5.1 Conclusion: After evaluating the whole textile sector I reached to a point that cost is greatly affect the productivity, efficiency and profitability of every sector same as the case with textile sector. In Pakistan, the textile sector is considered the most important investment sector which greatly push Gross Domestic Product (GDP) and National Income (NI) of the country. So to study such an important sector these variables help me in evaluating the relationship of cost with the performance of textile sector. The hypothesis used in conducting this research shows the impact of fixed assets, working capital, cost of production with the net income of the sector my finding shows that there is no impact of fixed asset cost on net income of the textile sector so my hypothesis is rejected which shows that increase in the investment of technology and equipment improve the efficiency and productivity of textile sector. Secondly, the research contain other variable relationship with the development of textile sector in which the working capital plays an important role my research results clearly shows the impact of working capital with net income because the increase in current assets help this sector to better maintain its current liabilities which ultimately reduces the addition cost incurred by the sector. In Pakistan textile sector needs continuous short term investment which forced the sector to increase it short term debt by borrowing from bank to meet its short term expenses. So the sample size taken in the research shows that both of them are highly correlated but they have inverse relationship increase in working capital decreases the net income as vise a versa. So my hypothesis for the working capital is accepted and it is proved that independent variable is explained by dependent variable. The third and last variable is the cost of production which incorporate all costs incurred while production of the textile items. It include the prices for all raw materials which are essential for the production process fuel, oil inventories, transportation, cotton prices, yarn prices which bring significant changes in the profitability of textile sector . The hypothesis used for the cost of production shows that there is inverse relationship on cost of production and profitability as cost for producing the textile items is increasing the profitability becomes falling and in result the development of textile sector faced hurdles in growing. The overall analysis shows that we cannot considered the increase in production only until or unless the cost structure is not clearly defined although the production of textile sector is increased in last few years but simultaneously the cost is increased with greater extend which reduces the profit margins with very less proportion which does not support the economy of Pakistan which has the major share in growth of the Pakistans economy. 5.2 Recommendations: Pakistan is a one of the leading country producing raw yarn, cotton, and fabrics. If we focus on the value added products like garments, hosiery, knitwear and other textile products, the production volume of textiles can be enhanced by tremendously. In this respect top priority should be given to cost reduction, easy availability of working capital and employment creation. The Government of Pakistan has created a special Textile Board for the promotion of Textile Industry as predicted in Textile Vision 2005 but unfortunately its performance and productivity is still below expectation of the government of Pakistan. So the guess is that government should establish a Ministry of Textile to meet the demand of private sector.   Whole economy of Pakistan is suffering due to energy crisis. Therefore, the increase in double digit inflation causes great discrepancy in the production of textile industry which forces most of the textile firms to wind up their business and to set up their business in other countries in our region. Therefore, my suggestion for government is that the government should take concrete steps on priority basis to resolve energy crisis and control inflation in Pakistan. The government of Pakistan has recently imposed tax of the import of thread from other countries which is severely affecting the productivity and profitability of the textile sector and tremendously increases the cost of production of textile industry. To resolve this issue, the government needs to seriously look into this matter and try to find a solution to it to boost the textile industry in Pakistan. Government should either set up joint ventures in textile related areas or should provide subsidized credit to textile manufacturers to upgrade their technology and capacity building through à ¢Ã¢â€š ¬Ã‹Å"Technology Upgradation Fund. (TUF). It is also suggested that smaller units of power looms (up to 50 looms) should be upgraded to auto looms and power loom units larger than 50 looms into air jet looms. At present cost of doing business in Pakistan is higher as compared to the regional countries, which has resulted in bitter competitiveness to Pakistani Products in Foreign Markets. China and India are the bigger co Effect of WCM on Firm Profitability in Pakistan Textiles Effect of WCM on Firm Profitability in Pakistan Textiles This research examines the effect of Working Capital Management (WCM) on profitability of firms in the textile sector of Pakistan. I also used cost of production and fixed assets cost as control variable to investigate their effect on profitability of textile companies. I have selected a sample size of 55 textile companies of Pakistan for a period of six years from 2003 to 2008. Regression and coefficient of correlation are used for analysis. The SPSS result R=0.77 shows the strong correlation between the model which helps me understand the relationship between working capital, cost of production, fixed assets and profitability. OBJECTIVES This research is focusing on working capital management and its effects on profitability of textile companies in Pakistan. The main objectives are: To determine the relationship between the efficiency of Working Capital Management (WCM) and Profitability over a period of 6 years for 55 Textile firms of Pakistan. To analyze the relationship between cost of production and profitability of textile companies. To find out the effect of fixed assets cost on profitability of textile companies. To draw conclusion about the relationship between efficiency of working capital management and profitability of textile firms in Pakistan. To suggest some measures for improvement in working capital management of textile sector in Pakistan. LIMITATIONS Due to the time frame and choice of the subject there were number of limitation faced by the researcher during the thesis. The first and the foremost limitation to this research is the shortage of time which created many hurdles in collecting data and completion of report; Researcher was unable to find many research on his topic within the scenario of Pakistan. So therefore researches were unable to compare its finding with other researches; Very few studies have been made in relation to Working Capital Management (WCM) especially in the textile sector in Pakistan. Therefore, the present study is a maiden attempt to analyze the relationship between WCM efficiency, cost of production, fixed assets cost and Profit in the textile sector in Pakistan. Its was very difficult for research to collect financial data of 55 textile companies in a very short span of time allotted to complete the research. Chapter 1: INTRODUCTION 1.1 Textile Sector: Textile products are a basic human requirement next only to food. Backbone of industrial sector which plays a vital role in the national economy it give support to GDP, exports, employment, foreign exchange earnings, investment and contribution to value added industry by providing employment to largely utilized workforce. So to boost the economy and to reduce the poverty in the country the performance of all industrial sectors is very important and textile sector is one of the major sectors of all developing countries. 1.2 Performance of Textile Sector in Pakistan: The performance of textile sector has strong relationship with the cost incurred by textile sector and effective management of net working capital. Pakistan is a developing country which lack in most of the industrial resources same as the case with textile sector in Pakistan we have to import most of the technical machinery used in textile sector from other developed countries which increases the overall cost of textile sector in Pakistan as well as lack of working capital, increase in fuel prices, electricity shortage, high import duties, high cost of debt, taxation and all other factors together bring negativity in the performance of textile sector. However, Pakistans textile industry has again started to invest in the textile machinery and the imports of textile machinery for the month of February, 2010 were $23.1 million, an increase of 190% as compared to the imports of machinery in February, 2009 of $7.99 million. From July 09 to February 10 the total imports of machinery reco rded 3.1% increase, from $158.89 million to $163.844 million for the same period last year. Although the textiles sector cost has increased by purchase of these new machineries but this technology placed the positive impact on performance of textile industries because this not only increase productivity ultimately profit but also it helps to compete in the international market. The increased in labor cost is also one of factor effecting the textile sector in Pakistan because the major portion of textile production depends upon the labor used for production purposes due to the lack of technology. As the enhancement of minimum wages for textile sector is announced which proposed increase in minimum wages from Rs.4, 600/= to Rs.6, 000/= per Month (over 30%) for unskilled workers will have a devastating effect on industry. Besides the financial impact will also have to be borne towards payment of gratuity, provident fund, EOBI, social security excluding overtime etc. which if worked out will come to Rs.8, 322. In addition to the above, proportionate increase will also have to be given to the skilled cadre of workers as for instance; an operator will refuse to work at the same rate of salary being paid to a doffer. This will make textile sector survival more difficult in current scenario. The growth of textile sector depends on its productivity and mainly depend s on the cost and profitability. The textile sector is the largest sector of Pakistans economy which has the major shares in exports of the country but the major financing of this industry depends upon the bank loan. To purchase heavy machineries on cash or to lease them, the textile sector required huge amount of investment and to meet daily expenditures they need net working capital and for all that they have to borrow from bank by paying interest (i.e. cost debt) which increases the overall cost of textile sector in Pakistan. The textile sector of Pakistan is divided in many small firms which have small capital structure most of them are mainly dependent on loans due to unavailability of funds, continuous increase in cost of production. All these factors have a cumulative effect on the cost and profitability of textile sector as the increase in double digit inflation the survival of textile sector become more difficult. Although the textile sector of Pakistan is backed by the government with their greatest intere st in textile sector. They have arrange different types of investment policies and funds for textile sector but the improvement in textile sector due to other factors is still less then the requirement. Importance Of Textile Industry In Pakistans Economy 1.3 Effect of Working Capital and Other Factors on Textile Sector: Working capital management is a very important component of finance because it directly affects the profitability and liquidity of any organization especially in developing countries like Pakistan. It comprises funds invested in Current Assets, which in the ordinary course of business can be turned into cash within a short period without undergoing diminishing in value and without interruption of the organization. Current Liabilities are those which are projected to be paid in the ordinary course of business within a short time. Every company has to make arrangements for adequate funds to meet the day-to-day expenditure apart from investment in Fixed Assets. However, Pakistan textile sector is on decline just because of the additional cost due to lack of working capital which can have impact of profitability and liquidity and increase in inflation also effect textiles production badly. In this research, I have discussed and analyzed the relationship between the efficiency level of working capital management and profitability of textile sector in Pakistan as it is the major sector which contribute in Pakistan economy and generate foreign revenue by exporting textile products to international markets but the increase in cost, debt and improper management of working capital in this sector make its a declining sector in terms of profitability and liquidity. The textile industries come under the SMEs (Small Medium Enterprises) which does not bear the continuous increase of cost. According to APTMA, textile exports of Pakistan have declined by about 20% in 2008. The industry is bracing for more trouble ahead with continuing crises of electrici ty and gas, international market access, global economic slowdown, lack of capital and adverse travel advisories. Chapter 2: LITERATURE REVIEW 2.1 Concept of Working Capital: Gross Working Capital: It represents the total current assets and is also referred to as circulating capital because current capital as current assets, are circulating in nature. Net Working Capital: It is a measure of liquidity and it can be defined in two ways. The most usually implied definition of net working capital is that it represents the difference between current assets and current liabilities. Some people also define it as excess of current assets over the current liabilities. It is that portion of the firms current assets, which is financed by long-term funds. 2.2 Objectives of Working Capital Management: The main objective is to ensure the maintenance of satisfactory level of working capital in such a way that it is neither inadequate nor excessive. It should not only be sufficient to cover the current liabilities but ensure a reasonable margin of safety also. To minimize the amount of capital employed in financing the current assets. This also leads to an improvement in the à ¢Ã¢â€š ¬Ã…“Return of Capital Employedà ¢Ã¢â€š ¬?. To manage the current assets in such a way that the marginal return on investment in these assets is not less than the cost of capital acquired to finance them. This will ensure the maximization of the value of the business unit. To maintain the proper balance between the amount of current assets and the current liabilities in such a way that the firm is always able to meet its financial obligations, whenever due. This will ensure the smooth working of the unit without any production held ups due to paucity of funds. 2.3 Nature Importance of Working Capital: Working capital is the most important concepts that a company should understand as how working capital and financing helps them to survive and competitive in business world. Working capital fulfills the short-term financial requirements of any business organization including textile companies especially in developing countries like Pakistan. It is regarded as operating capital needed to meets daily cash requirement of the organization and can not be retained in the business for a longer period of time in a particular form. The money invested in working capital changes its form and substance during the normal course of any business operations and the need and importance for maintaining an adequate working capital in any industry including textile sector can not be neglected in any way. Just as human body can not survive without the circulation of blood in the body, the organization also requires sufficient flow of funds within the organization. If it becomes weak, the business can har dly survive, prosper and generate profit. In developing countries like Pakistan, working capital starvation is generally accredited as one of the most important reason which causes the decline of any industry. According to Rafuse, (1996), Working capital starvation is generally credited as a major cause if not the major cause of small business failure in many developed and developing countries. There are several problems that create starvation of cash in any business which include poor financial management and improper planning of cash management. Jarvis et al, (1996) said that the cash flow problems of many small businesses are exacerbated by poor financial management and in particular the lack of planning cash requirements. For the financial strength of the business, a company should have and will prefer to have a positive working capital rather than a negative working capital. Some of the best ways to acquire short-term working capital financing are equity, trade credit and short-term loans. 2.4 Determinants of Working Capital: Working capital management is an indispensable functional area of management. However the large number of factors influences the total working capital requirements of the firm. It may however be added that these factors affect differently to the different units and these keep varying from time to time. In general, the determinants of working capital, which are common to all organizations, can be summarized as under: Nature and Size of Business Production Cycle Business Cycle Production Policy Credit Policy Growth Expansion Proper availability of raw materials Profit level Inflation Operating Efficiency 2.5 Sources of Working Capital: The working capital necessary and what constitutes working capital have been analyzed in depth. Now we look out what are the ways we can generate working capital. Trade Credits Bank Credit Current provisions and non-bank short term borrowings: and Long term sources i.e., equity share capital, preference share capital and other long term borrowings. 2.6 The Management of Working Capital According to Van Horne (1977), working capital management is the management of current assets such as cash, marketable securities, receivables, and inventories. Osisioma (1997) described working capital management as the regulation, adjustment, and management of balance between current assets and current liabilities of a firm such that maturing obligations are met, and the fixed assets are properly serviced. In order to manage working capital efficiently, two elements must exist as necessary components and desirable quantities. Osisioma (1997) explained that efficient working capital management must guarantee an adequate relationship between the different components of a organizations working capital so as to make an efficient mix, which will guarantee capital adequacy. Thus, working capital management should ensure that the desirable quantities of each component of the working capital are available for organization. However, the question arises that à ¢Ã¢â€š ¬Ã…“What determines n ecessary components of an organizations working capital and how much of such necessary components can be considered as adequate or desirable?à ¢Ã¢â€š ¬? Each organization working capitals necessary components depend on the type of business and industry. Cash, accounts payables, accounts receivables, marketable securities, inventories, and redeemable futures can be recognized as the common components of firms working capital. However, the question is to recognize the factors that determine the adequacy of working capital based on growth, size, operating cash flow, etc. The inability to understand the determining factors and measurement of adequate amounts of working capital will lead an organization to bankruptcy. The altitude of performance levels businesses have traditionally been attributed to many general managerial factors such as manufacturing cost, marketing strategies and operations. Working capital management may have a consequent impact on business survival and growth (Kargar and Blumenthal, 1994). The proper management of working capital is very vital for the financial health of businesses of all sizes. It is often observed that the amounts invested in working capital are high in percentage to the total assets employed. Therefore, it is imperative that these amounts should be used in an efficient and effective manner. However, there is substantiation that manufacturing sector which include textile industry as well are not very good at managing their working capital. Reasons for that are many small businesses suffer from undercapitalization, increase cost of production, increase fixed asset cost and lots of other factors. According to V MARIAPPAN, K CHIDAMBARAM) (2003), Productivity does not only mean the increase in production but it relates to the cost reduction and efficiency in the process of production. Therefore, the importance of exerting tight control over working capital investment, cost of production and cost of fixed assets can not be neglected. An organization can be highly profitable, but if it fails to translate this into cash from operations within the same operating period, the organization would require borrowing to support its continued working capital requirements. Hence, the dual objectives of profitability and liquidity must be synchronized and one should not impinge on the other for long. Investments by any business in current assets are inevitable to ensure delivery of goods or services to the ultimate customers and a proper management of same should create the desired impact on either profitability or liquidity. If different resources are blocked at the various phases of the supply chain, this will lengthen the cash operating cycle. However, profitability might increase due to increase sales but it may also adversely affect the profitability if the costs tied up in working capital surpass the benefits of carrying more inventories and/or allowing more trade credit to customers. (Padachi, Kesseven, Oct 2006) 2.7 Production Cost Profit: Production cost is the cost of materials and labor necessary to produce goods and there are two types of profit that is generated from a business. The first is gross profit which is the difference of the total revenue generated after the sale of each item by the production cost for that item. Second is net profit which is calculated once the company pays taxes, rent, and other expenses that might come with running and owning the business. However lack of technology, increase labor and material cost, higher cost of debt and other factors increases production cost and decrease profit but if production increases, businesses are able to purchase more materials at a discounted rate, which can help them to reduce the production cost. 2.8 Textile Sector Cost of Production: The relationship of cost of production with profit of any sector is the key element used to evaluate the productivity of that particular sector including textile sector. Productivity is often mixed with increased production. However, higher production does not always mean higher productivity. Higher productivity can be achieved only by better utilization of resources and reduction of cost. So the importance of production cost can not be neglected and is closely related to the increase productivity of industrial sector on any economy. According to the Michael porter of the Harvard University says the competitiveness of any sector is totally depend on the productivity of its industrial sector. Productivity does not only mean the increase in production but it relates to the cost reduction and efficiency in the process of production (V MARIAPPAN, K CHIDAMBARAM) (2003). The competition from international market has been increased due to the continuous innovation on technology used in the industrial sector of textile which ultimately increases the cost. The protection from international competition of the earlier semi-insular phase has given rise to high cost manufacturing, which is inhibiting both the expansion of the domestic market and more rapid development of exports [India, 1985:16].(Aug 29 1989). However, the intense competition in international market leads to the high domestic growth with increased in the level of exports. Productivity is getting drained mainly due to under- utilization of machines, inefficient working, poor machinery maintenance, over- spinning, lack of modernization, power shortage and unhealthy labor and management relations [Gulrajani 1982]. (2003) with reference to above saying the same situation is related to the Pakistans textile sector the machines used in the textile sector is either underutilized or very old which became the hurdle in productivity of the sector and the labor related with this textile sector is also effected due to strong labor unions in the country which increase cost and decrease productivity and eventually profit of the textile sector. The government policies related to the investment on technological innovation also effect textile sector Government policies in these sectors, it is argued, have been biased against fresh investments; and import restrictions on capital goods and advanced technology have condemned entire industries to obsolete technologies (1989). The restriction on the imports and other obligations imposed by the Government on the purchase of machinery from outside country force the entire industry to obsolete technologies as well the continuous capital requirement for the expansion of production and other raw material cost force the textile sector to borrow money from bank to inject working capital. One of the most important concepts that a new business owner should know is how working capital and financing helps them survive and grow in a competitive world. The difference between current assets and current liabilities is known as à ¢Ã¢â€š ¬Ã…“net working capital (Jonathan Keith Gober). The data of textile sector used in this research shows that most of the companies have negative working capital which means the current liabilities of the textile sector is more than the asset which again increase the cost of the textile sector of Pakistan. 2.9 Textile Sector Cost of Fixed Assets: With increasing global competition, the survival of any industry is getting difficult day by day especially in developing countries like Pakistan. Textile sector or any other sector of all developing countries used machineries and fixed assets which are obsolete and outmoded which increases their cost of production and decline productivity, efficiency and profitability. According to V. Mariappan and K. Chidambaram (2003), proper machine utilizations, the effective cost management and quality of material supplies are the three vital factors that determine the operating efficiency of a textile mill. Developing countries lack in most of the industrial resources same as the case with textile sector in Pakistan we have to import most of the technical machinery and equipment used in textile sector from other developed countries and this increases the overall cost of textile sector in Pakistan. Although the cost of textile sector increases with purchase of new machineries and equipment but this advancement in technology create the positive impact on performance of textile sector because this not only increase productivity, efficiency and profitability but also it helps textile firms to compete in the global market. Increase productivity of the textile sector is not only the outcome of advancement in the level technological development but other factors such as relative cost of labour and equipment, the cost of material, effective management of working capital and other resources also create an impact on it. Thus, higher productivity is not an accident. It is the result of effective p lanning and the judicious use of resources, V. Mariappan and K. Chidambaram (2003). Chapter 3: METHODOLOGY 3.1 Statement of Problem: What is the impact of working capital, cost of production and fixed assets cost on profitability of textile sector in Pakistan? 3.2 Hypotheses: H1: Increase in working capital negatively affect the profitability of textile sector by increase in short term liabilities. H2: Investment in technological instruments (Fixed Assets) has the positive impact on the profitability of textile sector: H3: High production cost has a negative impact on the development of textile sector. 3.3 Data Collection: There are two major sources of data collection use by the researchers for research purposes. They are: Primary Data: Primary data is used for the first through questionnaires, interviews and service and this is not published anywhere before. Secondary data: Secondary data is used for the researches which are based on already published in different newspapers, research journals and yearly companies reports. Chapter 4: STATISTICAL ANALYSIS In the model summary table he capital à ¢Ã¢â€š ¬Ã…“Rà ¢Ã¢â€š ¬? in this table is coefficient of correlation which is .775 which shows that there is high correlation(relationship) between dependent (net income) and independent variables (fixed assets, working capital and cost of good sold) the second column which shows R Square (coefficient of determination or regression coefficient) which shows that 60% Of variation in net income amount is caused by predictors third column is Adjusted R square 59.7% variation is caused by predictors considering number of observations and the number of predicted variables. The ANOVA table tests the model acceptability and how model fits the first row which shows regression displays information about the variation accounted for by your model and the second row of Residual shows information about the variation is not accounted by your model the significance value of F is .000 which is less than 0.05 so it means than model is acceptable and the variation explained by the model is not due to chance. The coefficients table the first row shows constant which is second column of first row -38.373 shows that when all predictors (cogs, working capital and fixed assets) are held to zero the amount of net income is -38.373 and the constant is also significant P0.05, p=0.641 which means that change in fixed assets will not bring any change in net income On the basis of correlation matrix fixed assets is again rejected of being related to net income R=0.309 which is very low correlation it is also insignificant as shown in coefficient table. Chapter 5: CONCLUSION RECOMMENDATIONS: 5.1 Conclusion: After evaluating the whole textile sector I reached to a point that cost is greatly affect the productivity, efficiency and profitability of every sector same as the case with textile sector. In Pakistan, the textile sector is considered the most important investment sector which greatly push Gross Domestic Product (GDP) and National Income (NI) of the country. So to study such an important sector these variables help me in evaluating the relationship of cost with the performance of textile sector. The hypothesis used in conducting this research shows the impact of fixed assets, working capital, cost of production with the net income of the sector my finding shows that there is no impact of fixed asset cost on net income of the textile sector so my hypothesis is rejected which shows that increase in the investment of technology and equipment improve the efficiency and productivity of textile sector. Secondly, the research contain other variable relationship with the development of textile sector in which the working capital plays an important role my research results clearly shows the impact of working capital with net income because the increase in current assets help this sector to better maintain its current liabilities which ultimately reduces the addition cost incurred by the sector. In Pakistan textile sector needs continuous short term investment which forced the sector to increase it short term debt by borrowing from bank to meet its short term expenses. So the sample size taken in the research shows that both of them are highly correlated but they have inverse relationship increase in working capital decreases the net income as vise a versa. So my hypothesis for the working capital is accepted and it is proved that independent variable is explained by dependent variable. The third and last variable is the cost of production which incorporate all costs incurred while production of the textile items. It include the prices for all raw materials which are essential for the production process fuel, oil inventories, transportation, cotton prices, yarn prices which bring significant changes in the profitability of textile sector . The hypothesis used for the cost of production shows that there is inverse relationship on cost of production and profitability as cost for producing the textile items is increasing the profitability becomes falling and in result the development of textile sector faced hurdles in growing. The overall analysis shows that we cannot considered the increase in production only until or unless the cost structure is not clearly defined although the production of textile sector is increased in last few years but simultaneously the cost is increased with greater extend which reduces the profit margins with very less proportion which does not support the economy of Pakistan which has the major share in growth of the Pakistans economy. 5.2 Recommendations: Pakistan is a one of the leading country producing raw yarn, cotton, and fabrics. If we focus on the value added products like garments, hosiery, knitwear and other textile products, the production volume of textiles can be enhanced by tremendously. In this respect top priority should be given to cost reduction, easy availability of working capital and employment creation. The Government of Pakistan has created a special Textile Board for the promotion of Textile Industry as predicted in Textile Vision 2005 but unfortunately its performance and productivity is still below expectation of the government of Pakistan. So the guess is that government should establish a Ministry of Textile to meet the demand of private sector.   Whole economy of Pakistan is suffering due to energy crisis. Therefore, the increase in double digit inflation causes great discrepancy in the production of textile industry which forces most of the textile firms to wind up their business and to set up their business in other countries in our region. Therefore, my suggestion for government is that the government should take concrete steps on priority basis to resolve energy crisis and control inflation in Pakistan. The government of Pakistan has recently imposed tax of the import of thread from other countries which is severely affecting the productivity and profitability of the textile sector and tremendously increases the cost of production of textile industry. To resolve this issue, the government needs to seriously look into this matter and try to find a solution to it to boost the textile industry in Pakistan. Government should either set up joint ventures in textile related areas or should provide subsidized credit to textile manufacturers to upgrade their technology and capacity building through à ¢Ã¢â€š ¬Ã‹Å"Technology Upgradation Fund. (TUF). It is also suggested that smaller units of power looms (up to 50 looms) should be upgraded to auto looms and power loom units larger than 50 looms into air jet looms. At present cost of doing business in Pakistan is higher as compared to the regional countries, which has resulted in bitter competitiveness to Pakistani Products in Foreign Markets. China and India are the bigger co