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

Apple Inc. Financial Analysis Case Study Essay examples -- Firm Strate

Apple Inc.’s Financial Analysis case study will cover the nine-step assessment process to evaluate the company’s future financial health. The nine-step evaluation process will entail the following: 1) Fundamental analysis covers objectives, plan of action, market, competing technology, and governing and operational traits, 2) Fundamental analysis-revenue direction, 3) Investments to support the firm’s entities action plan, 4) Forthcoming profit and competitive accomplishment, 5) Forthcoming external financial requirements, 6) Accessibility to direct at sources of external finance, 7) Sustainability of the 3-5 year plan, 8) Strain examination beneath scenarios of calamity, and 9) Present financial plan (State University, 2013). The fundamental analysis will be explained primarily in the next section. Fundamental Analysis Apple Inc.’s fundamental analysis includes objective, plan of action, market, and competing technology, and its governmental and operational traits which will be discussed in this section. They are as follows: Objective: According to Jonathan Ive, Senior Vice President of Apple’s industrial design, Apple’s goal is to make the employees at Apple excited about creating terrific products. Steve Jobs believed that if Apple made great products the revenue would come automatically (McEntegart, 2012). Plan of Action: Apple’ main philosophy is to continue to have creative ways of thinking, have a business model of direct sales, provide customer services, and provide Apple named products (Jinjin, 2013). The business is dedicated to bringing about the most excellent user involvement to its clients via its ingenious software, hardware, and service delivery. Apple’s plan of action advantage is that it has a par... ...pple-and-its-financial-future-where-will-it-be-in-10-years/ Tyrsina, R. (2013). [Graph illustration of Apple’s revenue from 2007 to 2010]. Apple and its Financial Future: Where Will it be in 10 Years? Retrieved on November 20, 2013 from http://techpp.com/2011/03/29/apple-and-its-financial-future-where-will-it-be-in-10- years/ Wikinvest. (2010). [Apple’s operational, purchasing, assets, and other obligations ranging from one to five years.]. Off-Balance Sheet Arrangements and Contractual Obligations. Retrieved on November 22, 2013 from http://www.wikinvest.com/stock/Apple_ (AAPL)/Offbalance_Sheet_Arrangements_ Contractual_ Obligations Wikinvest. (2010). Off-Balance Sheet Arrangements and Contractual Obligations. Retrieved from http://www.wikinvest.com/stock/Apple_(AAPL)/Offbalance_Sheet_Arrangements_ Contractual_Obligations

Education Environment Essay

1.Access the following policies on the Department of Education & Training WA website, http://www.det.wa.edu.au/education/ Staff Conduct: The purpose of this policy is to outline the Department of Education’s expectation & requirements for the standard of behaviour of staff at work. It provides instruction & direction for the appropriate behaviour in ethical risk situations and areas. It provides information for staff to recognise their rights, where to go for help in resolving breeches or complaints, their legal obligations and expectations within the code of ethics. It also provides a statement of public accountability for staff. Child Protection: The purpose of this policy is to state that all staff employed by the Department of Education is committed to the care, safety and protection of children, including factors such as possible sexual, emotional, physical and/or psychological abuse or neglect of a child. Provides guidelines to aide staff in the correct response to a situation where concern has arisen for the safety & well being of a child or the need for the disclosure of abuse and the actions to take where allegations of child abuse have been made against the staff member. Duty of Care for Students: The purpose is to provide information to staff of the duty of care imposed by law, to take care to minimise the risk of harm to students. It provides an explanation to what the duty of care means & how staff may act to fulfil their duty of care. It also outlines the situations where non-teaching staff, volunteers or external providers must provide a duty of care. The policy also states the need for staff to have a balance between ensuring safety without interfering with a student’s independence and learning opportunities. Occupational Health & Safety: The purpose of this policy is to state the Department of Education is committed to providing and promoting a safe and healthy working environment for staff and students. It provides guidelines to the occupational health & safety requirements within the Department of Education. Contains procedures to identify report & manage hazards, accident or incident investigation and training. It outlines the responsibilities & functions of health & safety representatives & committees. Please see attached printouts of each policy accessed. 2.Visit the Equal Opportunity Commission WA website http://www.equalopportunity.wa.gov.au/ write a summary of the 1984 Equal Opportunity Act. The Equal Opportunity act was set in 1984 and updated in 2002. The Equal Opportunity act is designed to outline the course of action to eliminate discrimination in the work place, accommodation, education or the provision of goods & services or the membership to clubs and to eliminate sexual and/or racial harassment in the workplace, education environments or accommodation. The act promotes the recognition & acceptance of equality of persons of all races & gender. 3.Source a copy of or your job description. Write a summary paragraph of your role and explain how your role will change as you gain more experience. Level 1 Employees are to work under direct supervision of a teacher performing basic routine tasks. They are to assist in the delivery of planned education programs to small groups or individuals. They are to prepare and maintain the learning environment by maintaining resources , displays, equipment and demonstrations, also to assist the teacher with storage of equipment, resources and displays, as well as the management of resources, including inventory lists and stock levels. Assist the teacher with the care and general wellbeing of students both in and out of the classroom. In the Pre-Primary and Pre-School areas, assist with the preparation and distribution of food at morning tea time. Assist with the arrival and departure of students travelling to and from school on busses. Assists students undressing, bathing, dressing, toileting and, where necessary, cleans soiled clothing and areas. Provide administration support in accordance with the school policy and collect monies from s tudents where appropriate. 4.As an Education Assistant, should you have any queries relating to legislation, policies or role, who would you go to for support? The following people can provide information & support in relation to queries regarding legislation, policies or role: Principal, Deputy Principal, Heads of Department, Registrar, Supervising Teacher, Guidance Officers, Teacher Librarian or other Specialist teachers. 5.What is the Industrial Award / Certified Agreement related to Education Assistants / Teachers Assistants? The Teachers Aide’s Award 1979 is a document outlining the the laws in relation to remuneration, working hours & leave for a Teachers Aide. The Education Assistants’ (Government) General Agreement 2010 is a document that outlines core employment conditions and wage increases for employees bound by the general agreement. 6.Source and read a copy of the Industrial Award / Certified Agreement. Submit the first page and a summary paragraph of the award / agreement. The parties bound by the General Agreement are the Director General, Department of Education and the Liquor, Hospitality and Miscellaneous Union, Western Australian Branch. The agreement applies to all employees, who are members or eligible members of the Union. The purpose of the agreement is to provide core employment conditions (general terms of employment, leave of absence, hours of work) and together with the awards (Teachers’ Aides’ Award 1979 for Education Assistants, Miscellaneous Government Conditions and Allowances Award 1992, Western Australian Government/Liquor, Hospitality and Miscellaneous Union Redeployment, Redundancy and Retraining Certified Agreement 2004) to provide wage increases for all employees bound by the agreement. 7.Give an example of when you have adhered to the legislation or policies of the school An example of where I have adhered to legislation or polices of the school would be in the classroom where a student has been repetitively showing disruptive and bad behaviour. Under the guidance of the teacher I have followed through the School Behaviour Management plan and implemented the required steps with the student. 8.Give an example of when you have reviewed your own performance and compliance with legislation / policies and how you got feedback from others. While completing the practical side of the assessment for this module I have had to review my performance in relation to maintaining my duty or care and child protection. I have then sat with my supervising teacher and discussed my rating and received feedback. 9.Give an example of when you have reported an incident or occurrence in line with school policy. An example of when I have reported an incident or occurrence in line with school policy was during a lunchtime break in the Kindy/ Pre-Primary was a duty of care incident. A leak or spillage had occurred in the toilet area. I reported the occurrence to the supervising teacher. I had identified this occurrence as a hazard as the children had the potential to slip in the â€Å"water† and injure themselves. 10. What changes to your personal details should you report to your Principal or line manager? All changes to personal details must be reported to your Principal or Line Manager. My personal details include (but are not limited to): Name, Address, banking details, Criminal History check, Health details, home address, postal address, next of kin. 11. Consider this scenario: You are an Education Assistant working in a Kindergarten, you and your teacher have been advised that in two weeks time, a new student will join the class. The student has a physical disability and requires personal care support. This will require you as the Education Assistant to undertake some manual handling (lifting, reposition of the student, moving the student from the wheelchair to the toilet etc). You currently have no training in manual handling. Consider you role in terms of Duty of Care and Occupational Health and Safety. What actions would you take? I would discuss with the teacher the needed changes in the room to ensure the student felt comfortable and welcome. I would also speak to the teacher about how I have not undergone any manual handling training and would ask the principal if there were any courses available. I would speak to the principal about the possibility of a meeting involving the student’s parents, the teacher, principal and myself. This meeting would then ensure we have a full understanding of the requirements of the student and any necessary changes we may need to make within the classroom to ensure a smooth integration of the student into our class. 12. Describe the curriculum your school uses. The curriculum my school uses is called Years K – 10 Curriculum. It sets out the ‘knowledge, understandings, skills, values and attitudes that students are expected to acquire’ during the students education. These requirements are described as a series of learning outcomes. These learning outcomes consist of the mandatory element of curriculum. They also include overarching outcomes and learning area outcomes. As of 2011 the school will be following the national curriculum.

Head on Collison Essay

Head on Collison Essay Head on Collison Essay Head-on Collision In football, proper tackling technique is one of the most valuable traits in a defensive player. When executing a proper technique, a player will be able to take down a player of any size. Knowing the steps of how to tackle safely and properly will help you become a better player overall. Becoming a better tackler will encourage the safety of everyone playing the game. Team sports, such as football, can become the building blocks for younger players. First, you will need the proper equipment such as helmets, shoulder pads, cleats, mouth guards, and plenty of water. You will always want to practice your technique on a grass or turf field. Hydration is crucial when playing in warm weather; I recommend always having professional trainers present during lessons. By looking over yourself and others to assure all equipment fits correctly and is not loose or too tight will help reduce safety issues. Now you’re ready to learn. First, you always need to keep your eye on the ball and keep your head up. The angle of pursuit is crucial when determining how wide of an angle you will take. The angle may be determined by how far the ball carrier is to you. When the player is faster than you, take a wider angle so you can stay in between the player and your goal line. You never want to over pursue them with the wrong angle. While approaching the carrier, do not take your eyes off the ball. Before making contact try to lower your shoulder and hips more than the ball carriers. The safest way is to lean your shoulder inward while keeping your back straight and head erect. You will never make lead contact with your head; you could become seriously injured. You may also injure other players and create penalties. Making contact and when the opposing player is within your grasp is the best moment. With a little good technique, you don’t even have to make a hard contact to impress others. If the player is going to your right, when you make contact your head should be on the left of the player. The same goes for if he is running to the left. That will help you stop the player short an extra yard or more. This can change a game on fourth downs. This will also allow an easier grasp of the player better, making it harder to break away from the tackle. You do not want to stop moving your feet until a whistle has been blown. If you can reach a quarterback in

Course Requirements for Homeschooling High School

Course Requirements for Homeschooling High School One of the most significant benefits of homeschooling is the ability to customize your student’s education, tailoring it to fit his interests and aptitudes. However, when it comes to high school, many parents feel that they need some guidance on which subjects to teach and when to teach them. Having graduated one homeschool student with two still in high school, I am a firm believer (after some trial and error) in maintaining an interest-led homeschool environment through the high school years as much as possible. After all, the benefits of a customized education don’t end in middle school. However, depending on your state’s homeschool laws and your student’s post-graduation plans, other entities (such as perspective colleges or state graduation requirements) may play a role in determining your teen’s high school course options. With that in mind, let’s take a look at the courses you may wish to have your homeschooled high school student pursue. What are the course requirements for 9th grade? Most colleges will expect that, following a typical course of study for 9th grade, students will have received one credit each in English, math, science, and social studies (or history).   English:  English for a 9th-grade student will usually include grammar, vocabulary, literature (including literary analysis), and composition. Many 9th-grade English courses will cover myths, drama, novels, short stories, and poetry. They will also include public speaking and honing composition skills, including reference and report-writing. Social studies:  It is common to cover United States history  in 9th grade. Families following a classical style of home education will likely cover ancient history as part of the four-year history cycle for high school. Other standard  options include world history, U.S. government, and geography. Math:  Algebra I is the most commonly taught mathematics course for 9th-grade students. Some student may cover pre-algebra Science:  Common courses for 9th-grade science include  physical science, general science,  or biology. Most colleges will expect a student to have 2-3 lab sciences, making biology a good choice, though students often complete it in 10th grade, rather than 9th. In keeping with customizing our teens educations, my 9th grader is taking an astronomy course this year. Other alternatives may include  marine biology, botany, animal science, Earth science, or zoology.    What are the course requirements for 10th grade? A typical course of study for 10th-grade students will include one credit each for the following: English:  A 10th grade English course will consist of the same general components as that of 9th grade (grammar, vocabulary, literature, and composition). It may also include a world, modern, or  American  literature course. If your student chooses world literature, it can be fun to tie in social studies with a world geography and/or world history  course. American literature would be an excellent tie-in to American history if your student didn’t cover it in 9th grade. Social studies:  World history is typical for 10th grade. Classical homeschooling families will likely cover the Middle Ages.  Some students prefer topical studies such as World War I and II. Math:  Algebra II or geometry are common math classes for 10th grade. The order they are taught may depend on the curriculum you’re using. Some math texts go straight into Algebra II from Algebra I. There is debate over the order the courses should be taught. Some  say  geometry should be taught  in 10th grade so that students have exposure to it for college entrance exams in 11th grade. Some say that some Algebra II concepts rely on geometry. Finally, some proponents of the Algebra I/Geometry/Algebra II sequence say it helps prepare students for pre-calculus. Science:  Biology is commonly taught in 10th grade unless it was covered in 9th grade. Alternatives include the same as those listed for 9th grade. What are the course requirements for 11th grade? An 11th-grade typical course of study includes the following core classes: English:  Grammar, vocabulary, and composition continue to be reinforced and built upon in 11th grade. Additionally, 11th-grade students may also begin learning the mechanics of a research paper. (Sometimes this is covered in 12th grade). Literature options include American and British literature. Social studies:  History for 11th grade may include modern or European history. It might also include civics, U.S. Government, or economics (micro- or macro-). For classical homeschoolers, high school juniors will typically cover the Renaissance and Reformation. Math:   Algebra II or geometry are typically covered in 11th grade  Ã¢â‚¬â€œ whichever the student didn’t study in 10th. Other alternatives may include accounting, consumer math, or business math. These alternatives are typically not for college-bound students. Students may also be taking dual-enrollment courses. Science:  High school juniors generally take chemistry or physics in 11th grade since the necessary math pre-requisites have been met. What are the course requirements for 12th grade? Finally, the typical course of study for 12th grade includes: English:  Again, the basics are the same  Ã¢â‚¬â€œ covering age-appropriate grammar, mechanics, vocabulary, literature, and composition. Students in 12th   grade will hone their  skills  writing research papers. Literature will likely be British Lit, including Shakespeare. Social studies:  Many high school seniors will have completed all the required courses for social studies. Additional courses may be taken as electives and could include psychology,  sociology, or philosophy. Classical homeschoolers will likely finish their high school years with  modern history. Math:  Senior math may include options such as pre-calculus, calculus, trigonometry, or statistics. Students may also be taking dual-enrollment courses. Science:  Many high school seniors will have completed all the required course for science. Some may choose to take courses such as physics,  advanced biology, or advanced chemistry. Others may choose to take non-traditional courses such as marine biology. Addition Courses of Study for 9th  Ã¢â‚¬â€œ 12th Grade In addition to the core classes, your high school student will need to take some miscellaneous required courses (as determined by potential colleges, your state’s homeschool requirements, or your own graduation requirements), along with some electives.Other required classes may include: HealthPhysical educationForeign language (typically two years of the same language)Government and/or civicsEconomicsPersonal financeElectives (6 or more credits are usually expected.) Electives can be almost anything, which makes them an excellent option for continuing interest-led learning. My teens have completed courses such as art, photography, computer programming, drama, speech, writing, and home economics. These course requirements are intended as a guideline only. Your chosen curriculum may follow a different course outline, your state’s requirements may vary, or your student’s post-graduation plans may dictate a different course of study.

Lifelong learning Essay Example | Topics and Well Written Essays - 4000 words

Lifelong learning - Essay Example Evaluation of Aspects of Inclusive Learning 13 B. An Analysis of Inclusive Approaches to Learning and Teaching 14 C. An Explanation of How to Motivate and Engage Learners in an Inclusive Learning Environment 15 D. An Explanation on How to Establish Ground Rules With Learners in an Inclusive Learning Environment 16 E. A Review of How to Give Constructive Feedback to Motivate Learners 16 F. A Review of How to Provide Opportunities for Learners to Practice their Literacy, Numeracy and ICT Skills 17 Task B: Professional Journal Entry 17 A) An Analysis: 17 B) An Explanation of How the Assessment Opportunity Was Made to Meet the Needs of the Learners 18 C) An Evaluation of the Effectiveness of Your Approaches to Learning and Teaching in Meeting the Needs of Learners 19 References 20 Task A: Research Report A) An Analysis of Initial, Formative and Summative Assessment: Lifelong learning has emerged in recent years to be regarded as one of the key constituents for individuals to build up the ir value within the society. In order to develop the skills and diversified competencies within the entire life, it is necessary to pursue lifelong learning on account of surrounding factors. Knowledge, competencies and effective skills frame the basic requirements for fostering innovation and productivity within an organisation. With the advent of globalization, the need for change to keep up with the rapid pace of global adversaries has also accelerated, which has initiated the essence of lifelong learning for the individuals. A detailed analysis of the assessment tools have been discussed hereunder: Initial Assessment Analysis In accordance with the initial assessment methodology, it is observed that this method of application has been mainly created to be implemented in the beginning of the assessment process. It fundamentally derives knowledge about the learners’ strengths along with weaknesses and the gradual prospects for the development. Correspondingly, it has also b een ascertained that the assessment procedure mainly focuses on a particular aptitude or skill for evaluating the learners’ position. Furthermore, initial assessment methodology is also applied to detect the prior general areas, which require attention. This type of methodology is primarily adapted in order to provide the learners the appropriate courses, complying with the inherit skills and aptitudes. Considering the initial assessment tool, it basically is applied at times to determine the right learner for the right course, which will ultimately assist the learner to grow in the concerned field. Formative Assessment Tool Formative assessment is usually determined as a tool, which is applied to give continuous feedbacks to the learners for the particular duration of the course. In this context, it is generally known as the ‘assessment for learning’. The prior elements being indulged in the formative assessment reflect that the learning intentions must be made clear to the learner. Furthermore, during the planning process, the course is designed accordingly and is shared among the learners. Correspondingly, in this particular technique, the learners are directed to carry out their own evaluation process in compliance with the learning intentions. In the formative assessment technology, the learners’ usually receive their result by means of the written test or in a form of the oral test. Summative Assessment In case of the summative