Nursing Accountability in Relationship Essay Example for Free

Nursing Accountability in Relationship Essay In this paper, I will review and implement recommendations based on the findings of the Agency for Health Care Research and Quality (AHRQ) regarding the training of hospital staff to respond to a mass casualty incident (MCI). I will give examples and situations that can affect the effectiveness of proper training and responses to a traumatic event in our city, county, state, or country. For years, hospitals have contemplated the possibility of a mass casualty incident (MCI). Federal agencies planning and responding to these events have determined that it would be overwhelming and catastrophic to any community. The resources would not be sufficient to absorb the needs and requirements for help. These events can be naturally occurring or manmade, for example, hurricane season and tornado season in Texas can be predicted with accuracy. In the West coast, we have constant planning and preparation for the next big earthquake even though we do not know with accuracy when it would be. During hurricane Katrina, we had an excellent opportunity to witness how prepared a city is, and how hospitals can easily be overwhelmed by a massive influx of patients. Examples can be given worldwide, but for the purpose of simplicity we will not elaborate further. Never before have we experienced more threats than in the past few years starting from the Oklahoma City bombing and the 911 attacks as the most horrific examples to site. More and more we have seen our fears become our realities and our vulnerabilities, and this is what has made us rethink our strategies and training for proper response to chemical, radiological, or biological threats. Findings The Joint Commission on Accreditation of Healthcare Organizations (JCAHO) requires that hospitals implement and test proper hospital response training twice a year. My hospital, BAMC, a military hospital, has complied with the training and has made significant contributions to the evolution and preparedness in response to a potential or actual event. The military has always been an integral part in training and preparation in regards to logistics and coordination of available resources, but even the best trained or better equipped hospitals cannot compensate for the impact it has on its employees, particularly nurses. Nurses take part and are an important aspect of training and preparation, and they are essential in the response to a crisis or trauma. Working in the emergency department, I often question myself as to how is it that we can train and prepare every year for a mass casualty incident (MCI) when I can see how easily we get overrun and in total disarray. Our hospital is currently capable of taking up to four major traumas all at the same time, but the reality is that even under the best staffed days we get overwhelmed, resourcing quickly to diversion of Emergency Medical Service (EMS) to other hospitals when we have reached maximum capacity. If training then is to prepare us and allow us to be well equipped with the necessary knowledge to perform, why is it that we struggle under small real life case scenarios? The response has to be once again in the level of preparation that each individual nurse takes to be ready to be able to function under very stressful environment. The nurse can be well prepared for future events by performing after action reviews (AAR), which is primordial in determining the stressors and the potential solutions to the problems encountered after each event. Disaster drills are beneficial in the effectiveness of command and control, communication, triage, patient flow, security response, and the roles each practitioner must perform. Recommendations Hospital drills and disaster planning are key and instrumental to make the nurse familiar with his/ her role, as well as the role of all the providers of care and first responders. Proper coordination and adequate allocation of resources are essential. The nurse can be instrumental in his/her flexibility and ability to adapt to different roles under extremely chaotic circumstances. Also, nurses are important for the delegation of tasks and coordination of duties to be taken to stabilize the emergency department for the proper movement of patients arriving and departing. The nurse plays an integral role in the transporting of patient, triage, and treatment of the injured. Properly identifying those who are very critical (expectant, life threatening), and those who are stable and can still function (broken bones, laceration, psychological issues) allows the provider to render the proper and efficient care. The nurse needs to have clear communication with the rest of the staff at every level of the disaster event in order to function and coordinate efficiently. Good documentation needs to be implemented. Nurses need to remain creative in finding ways to document what has been done to a patient with regards of his or her care. In a war zone, we can document key components of patient treatment on the uniforms of soldiers, and the same can be done with civilian population in the absence of computers or charting for short periods of time. Another important aspect is the transport of first aid equipment and supplies as soon as the disaster is identified, including body bags, stretchers, wheelchairs, crutches, splints, IV solutions, blood products, antibiotics, and plenty of analgesics and narcotics. Keeping an adequate number of chaplains, counselors, and security is imperative for the emergency department to maintain order under the chaos and stress. Summary In conclusion, the registered nurse needs to be ever vigilant of the realities of our current situations of the world. Today, more than ever with ongoing climate changes and unpredictable massive storms, tornados, earthquakes, and the impending threats created by man, we are always at risk for an (MCI). Keeping a good understanding of the preparation and the steps to take, and knowing his or her role the nurse can be reassured that he/she will be ready for the unpredictable and often unthinkable. References Training of Hospital Staff to Respond to a Mass Casualty Incident Evidence Reports/Technology Assessments, No. 95 Rockville (MD): Agency for Healthcare Research and Quality (US); July 2004 http://angel03. gcu. edu/section/default. asp? id=705202 Mass Casualty Incident (MCI) St. John West Shore Hospital, MCI Overview http://www. emsconedonline. com/pdfs/EMT-Mass%20Casualty%20Incident-an%20overview-Trauma. pdf

How pH Affects the Break Down of Starch by the Enzyme Amylase Essay

How pH Affects the Break Down of Starch by the Enzyme Amylase Hypothesis: The optimum pH for the reaction of starch with amylase is pH 7. PH values lower or higher than this value will result in a slower rate of reaction. Amylase works in the range pH 3 to pH 11. Biological Knowledge ==================== PH changes affect the structure of an enzyme molecule and therefore affect its ability to bind with its substrate molecules. Changes in pH affect the ionic bonds and hydrogen bonds that hold the enzyme together, which naturally affects the rate of reaction of the enzyme with the substrate. On top if this, the hydrogen ions neutralise the negative charges of the R groups in the active site so that the substrate and the active site do not attract and therefore do not react. The optimum pH for most enzymes is pH7. In the body, amylase works mainly in the small intestines, where the acidity from the stomach has been neutralised by the hydrogencarbonate ions in the pancreatic juices secreted by the pancreas. Therefore, it follows that if amylase were adapted well to the surroundings which it is found most commonly at, it would work best in neutral conditions, which is pH 7. To allow for fluctuations in pH, amylase would need to work from around pH 3 to pH 11. Apparatus Apparatus Reason/Reference to pilot study Colorimeter Values can be obtained measuring the breakdown of starch, instead of just the colour when the iodine solution is added. If not much starch is broken down, iodine will colour it blue/black so a low % Transmission will be obtained. If a large volume of starch broken down, iodi... ...ially used 3 cm ³ of distilled water with 3 drops of iodine. It then occurred to me that this was inaccurate, as amylase solution is cloudy. Therefore, I blanked it with 2 cm ³ water, 1 cm ³ amylase and 3 drops of iodine. I decided to experiment with pHs within the range pH 2 to pH7, as I discovered that pH 4 is the optimum pH, instead of my predicted pH7. Risk Assessment  · Wear goggles to protect eyes from iodine solution  · If spilt on clothes or skin, wash with water to prevent harm to the body  · Keep iodine bottle away from edge of table to prevent injury from broken glassware Ethical Implications The amylase solution is taken from an animal. The owner of the animal must permit this act. The animal's body must be paid respect when the enzymes are removed so must therefore be treated carefully.

Ptlls Written Rationale

Preparing to Teach in the Lifelong Learning Sector (PTLLS) Written Rationale My micro-teach is about Accessibility Options, an IT related topic. I choose this subject because I am interested in IT. We are all aware that IT covers a wide range of topics. I have deliberately concentrated on the topic, Accessibility Options in the Control Panel in Windows XP, simply because I want to make my learners aware of the feature available for disabled users and how those types of users could apply it to their daily lives.I also intend to explain the methods in which a normal user can support disabled users. The Accessibility Options will cover 4 categories, which are Sticky Keys, Filter Keys, Toggle Keys and Magnifier. I have re-looked at my previous comments related to the one to one micro-teach, such as practicing before hand and being better prepared, which I currently doing so. I have designed individual handout booklets for the learners to use during the session and refer to after the less on.I want the learners to demonstrate what they have learned. The ideal way would be to get the learners to practice on their own individual computers, to do this I will need a few extra computers which unfortunately do not have. I shall therefore ask my learners to answer a few questions related to the session instead. My teaching delivery is based on lecturing whilst demonstrating my topic by using the computer and smart board to help my learners understand.

The Customers Revenge - 1138 Words

‘The Customer’s Revenge’ We have all been somewhere in a store or dealership when there was an irate and unhappy customer looming in our presence. They were obviously upset about something and generally draw a lot of negative attention to themselves and to the company. Luckily for companies, just a few short years ago only a few customers out of hundreds, thousands, or millions would have seen the negative effects of the incident, but in current times almost everyone has a camera phone that records videos and it only takes a matter of seconds for videos like that to go viral on some social-media network. Because of today’s technology, everyone has free access to various social-media channels such as YouTube, Twitter, or Facebook that†¦show more content†¦When a company treats its customers with respect the products and brands tend to sell themselves because customer satisfaction and trust in the brand rises. When customers shop where they can trust they will be taken care of they tend to be r epeat customers and give positive word-of-mouth. To accompany new policy changes, the company needs to have workshops or employee meetings on the changes for everyone involved in every aspect of customer service. These employees must know how to handle individual customer’s problems and learn that each case is different and that there can never be one generalized way to solve someone’s problem. Customer service representatives must learn to handle each case individually and treat the customer as fairly as possible. The three main focuses of a changed policy is to, first, make sure that the implemented policy was just and fair to both customers and the company, secondly, notify customers of the changes and provide them with a way to have any questions answered, and lastly, set a deadline to re-evaluate the policy and make changes as needed. If I were the Vice President of Customer Service for Atida motors I would push for a new customer compensation policy that is more reasonable for both the company and the customers. To implement this policy we would need to follow the three basic steps of policy making, suchShow MoreRelatedThe Customers Revenge1415 Words   |  6 PagesCustomer Relationship Management Assignment 1 The Customers Revenge The cases of Jessica and Tom In both cases there is a problem with the Andromeda XL. Jessica had problems all over the place. From a failing air-conditioning to a jammed CD-player. In the case of Jessica she even got a new Andromeda XL. After 3 months the problems happened again. Tom’s failing Andromeda almost ended up in a deadly accident. It begins to be very clear that we are simply dealingRead MoreThe Customer Revenge Case Study970 Words   |  4 PagesBusiness Review Case Study : The Customers’ Revenge by Dan Ariely (December 2007) As an introduction of this case, a little recall of the facts may not harm anyone. Atida is a 70 year old motor company, producing and selling stylish and innovative cars and they have just launched a new one on the market : the Andromeda XL. The brand has many loyal customers and devoted fans among various clubs and communities. Jim MacIntire and his colleagues from the customer service department have tried toRead More Comparing Hamlet by William Shakespeare and The Killings by Andre Dubus858 Words   |  4 Pagescarefully planned acts of revenge will plow themselves into your brain. It is how we react to these situations that can and will forever define that man, his life, and his actions. In these two stories, Hamlets father and Matt Fowlers son are murdered with jealous motives of romance, ambition, betrayal and rage. Revenge captures the hearts of both characters, but in different forms. Hamlet sees his fathers ghost and is told if he ever loved his father he is to ?[revenge his foul and most unnaturalRead MoreThe Cask Of Amontillado By Edgar Allan Poe907 Words   |  4 PagesMontresor decides murder is the way, Sammy quits his job to be noticed. One way that Montresor and Sammy are similar is that they are both extremely sarcastic. While Montresor’s sarcasm tends to be on the ironic side and Sammy’s is making fun of the customers it is very apparent that they think they are better. Montresor clearly believes that he is better than Fortunato and deserves a better life than he. He points out that Fortunato is wearing a fools hat which merrily jingles as Fortunato is lead toRead MoreWhy People Commit Crimes?933 Words   |  4 Pagesera. The three Bondurant brothers and their illegal bootlegging business are the main focus of the story, with the middle child, Forest, as the main ring leader. The story starts out with the brothers just delivering to their some regular loyal customers, many of which include the police. Then, a new deputy moves into town and is determined to shut down all the bootlegging in the area. In the name of the law, the new deputy effectively shuts down all of the bootleggers except for the Bondurant brothersRead MoreTypes of Justice as Outlined in the Ralsian Theory1671 Words   |  7 Pagesemphasis on revenge. Vengeance is a matter of retaliation, of getting even with those who have hurt us. It can also serve to teach wrongdoers how it feels to be treated in certain ways. Like retribution, revenge is a response to wrongs committed against innocent victims and reflects the proportionality of the balance of justice. But revenge focuses on the personal hurt involved and typically involves anger, hatred, bitterness, and resentment. In addition, punishments dictated by revenge do not satisfyRead MoreEssay on How Social Tensions Led To Wit925 Words   |  4 Pages The history of witchcraft during seventeenth century New England is inherently a history of direct confrontations within communities where relationships become tainted with suspicion, revenge and anger. The documents in Witch-Hunting in Seventeenth Century New England have retold the events and stories of Puritan New England to give the modern reader an understanding of the repressive social institutions of religion and family structure which were controlling factors that lay behind the particularRead MoreBook Thief Macbeth Comparison1656 Words   |  7 Pagesunpredictable way. The full potential of spite and revenge driven by ambition is witnessed after a family and father are murdered in cold blood. If you want something you will go after it, however if you add spite and revenge to the mix you will desire the outcome of your goal even more. After Macbeth kills Duncan and on top of that orders the brutal slaughter of Macduff’s wife and kid, there are two men stricken with grief and vow revenge. Malcolm has raised an army in England and he along withRead MoreList Nine Elements That Directly Impact The Work Environment : Excessive Workload Essay1237 Words   |  5 PagesPsychological Manners In some of my readings, the psychological mindset has been identified as a driving agent of actions in the work environment and are just as important as the workplace factors. The mindsets of particular interest are frustration, revenge, and aggression. Events such as not getting a raise, not getting promoted, not achieving stability in one’s job in an effort to adequately support a family that inhibits advancement lead to frustration. Paul Spector (1997) developed a model of theRead MoreSocio Political Allegory Of Park Chan Wook s Oldboy1698 Words   |  7 Pageshistorical context is important to understand as it contributes to the understanding of Oh Dae-su’s plight. The disappointment felt by the Korean people is reflective of the way Dae-su’s story carries out (Seth) while the ease of Woo-jin carrying out his revenge is reflective of the privilege of chaebols in Korea and the cons of a capitalistic society (Kim). Historical Allegory With a history spanning over centuries, Koreans have seen many different types of government and leadership (Seth). Unfortunately

The Assassination of John Fitzgerald Kennedy - 1689 Words

In 1961 John Fitzgerald Kennedy would be sworn in as the 35th President of the United States. He was a young, Catholic, democrat. Needless to say, many people were wary of whether or not his religion would influence his decision or if he would become an advocate for Catholic beliefs. Unlike many of the past Presidents, the first lady will play a major role for the duration Kennedy was President. Being the leader of the United States was very important and many precautions were required to keep the first family safe. The secret service is in charge of making sure the President and his family are safe. Clint Hill, a Secret Service agent on President Eisenhower’s detail, continues his service, this time assigned to the first lady, Jacqueline†¦show more content†¦Kennedy preferred to operate. Spontaneity is what she thrived on† (Hill and McCubbin 41). I imagine that some people were under the impression that Mrs. Kennedy may not be thankful for all she had experienc ed, but she was always described as very shy, which I think served as a barrier to deal with the overwhelming attention she was given.Hill, although reluctant to be on the first lady’s detail, came to have a deep respect and loyalty her. Hill assumed that life would be dull with Mrs. Kennedy, but he was completely wrong. This proved to be true during a trip to Greece. Mrs. Kennedy tried her best to stay away from the White House as much as possible. Clint said on numerous occasions that, â€Å"†¦she could have anything she wanted, but what she craved most was privacy† (Hill and McCubbin 226). She even confided in Hill, mentioning that she was scared of losing her privacy. As a way of avoiding the White House, Mrs. Kennedy had a plan of where their family would spend Winters, Christmases, Thanksgivings, and Summers in a variety of places. She kept busy and was always involved in some type of athletic activity as some sort of way to distract herself from the ubiqu itous paparazzi. Mrs. Kennedy also liked to travel out of the country to visit her sister or toShow MoreRelatedThe Assassination Of John Fitzgerald Kennedy873 Words   |  4 PagesThe assassination of John Fitzgerald Kennedy, also known as JFK, is one of the most infamous and tragic events in American history. JFK was one of the United States’ most influential politicians, and in the year 1961 he was appointed to be president. Less than a thousand days later, JFK was assassinated in Dallas, Texas, by gunman Lee Harvey Oswald. JFK was beloved both by many Americans and those abroad, and thus his death came as a terrible shock to many across the globe. JFK was a great and stalwartRead MoreThe Assassination Of John Fitzgerald Kennedy1632 Words   |  7 PagesMorgan Oates Professor Holland United States History II 3 March 2015 The Assassination of John Fitzgerald Kennedy John Fitzgerald Kennedy, formally known as JFK, was born on May 29th, 1917 in Brookline, Massachusetts. He successfully attended Choate Boarding School and his Alma Mater was Harvard University, After completing his education he decided he wanted to help society somehow. As a result of that, he enlisted in the United States Army the night before World War two began. After his Navy daysRead MoreThe Assassination Of John Fitzgerald Kennedy1719 Words   |  7 Pagesdeath of John Fitzgerald Kennedy. On the day of November 22, 1963 the history of the United States was changed forever. This event was the assassination of President John Fitzgerald Kennedy and is one of the most interesting topics in American history because there are conspiracy theories surrounding the event despite no actual evidence behind a cover up of the assassination. Looking back on Kennedy’s and Oswald’s (his killer) lives and deaths, the reasons why there was an assassination, and theRead MoreThe As sassination Of John Fitzgerald Kennedy Essay1556 Words   |  7 Pagesyears is the assassination of John Fitzgerald Kennedy. Friday on November 22, 1963, the 35th President of the United States, JFK, was shot at 12:30 PM while traveling in Dallas, Texas to appear in the next presidential campaign. Thousands of Americans whom was present at Dallas, Texas just witness the murder of the United States president. Many Americans believed that the United States government was behind the JFK assassination. Thousands of important evidence about the JFK assassination has been lockedRead MoreThe Assassination of John Fitzgerald Kennedy2042 Words   |  9 Pages1963, John Fitzgerald Kennedy had five days tour in Taxes. He planned to make a speech in commercial business center in Dallas. President Kennedy was sitting in an open top limousine. The motorcade drove a very slow speed in the streets of Dallas. Many residents watched and welcomed John F. Kennedy and his wife. After making a turn in the main street, a sniper hided in the sixth floor window in the City Library, shot President Kennedy by two bullets, one on the head one on the neck. Kennedy was declaredRead MoreThe Assassination Of John Fitzgerald Kennedy2088 Words   |  9 PagesJohn Fitzgerald Kennedy was not the first US president to be murdered, three presidents before him had died after being shot by an assassin. They were Abraham Lincoln in 1865, James Garfield in 1881, and William McKinley in 1901. Kennedy’s death seemed particularly shocking because he was still young and seemed to have so much still to do as a President, there seemed to be no motive for his killing. The Kennedys came from Boston, Massachusetts. John was born 29th May 1917, the second of nine childrenRead MoreThe Assassination Of President John Fitzgerald Kennedy Assassination865 Words   |  4 Pageswere not born, for one reason. The assassination of President John Fitzgerald Kennedy transpired in Dallas, Texas. His assassination became a topic of controversy as the idea of a lone sniper committing the act was hard to accept. The assassin would go on to die a few days later. Media outlets around the nation were in shock. The local Metroplex stations panicked like everyone else. As a native Texan, correction native Dallasite, I view the Kennedy assassination differently than most Americans. IRead MoreWas The Assassination of John Fitzgerald Kennedy a Conspiracy?794 Words   |  4 Pages Was The Assassination of John Fitzgerald Kennedy a Conspiracy? On November 22nd, 1963 at 12:30 p.m in Dallas, Texas, one of the most horrific events in American History took place. The assassination of John F. Kennedy. Crowds were cheering as JFK was on a ten mile route that would pass through Dallas, Texas. John Kennedy was in the back seat of a 1961 four door Lincoln Continental convertible when this tragic event occurred. The driver took a left off of Main street passing by the Texas SchoolRead More Conspiracy Behind The Assassination of John Fitzgerald Kennedy3295 Words   |  14 Pages John Fitzgerald Kennedy, 46, President for 1,026 days, was assassinated on November 22, 1963 in Dallas Texas. He, his wife, Jackie, the Vice President and many others were in Dallas for a reelection campaign for the upcoming election in 1964 when the horrible incident happened. Sadly, there is no decent explanation of the assassination from the government – The Warren Report is a 26 Volume Report that claims that Lee Harvey Oswald is the lone assassin – I do not agree with this. The CIA wasRead MoreThe Assassination Of The War And Formation Of Civil Rights1550 Words   |  7 Pages Political Assassination Danielle Ferreira U.S Government Date Introduction Political assassination is defined as the act of killing a political figure mainly for political reasons. In most cases, the motive behind political assassinations is beyond the person who is killed. Assassinations have been rampant across the globe for ages and these assassinations do cause lots of political instabilities in a country especially when key personalities such as heads of states are the victims

My Experience With My Life - 933 Words

In an incredibly glamorized and vibrant world, I feel fortunate and lucky to be able to learn from my experiences and grow stronger as a human being living, discovering new ideas, and learning from my own mistakes. Walking through the hallway on a cold winter breeze I remember reflecting and thinking about the bad decisions that I was making. Grade point average of 1.8, not being able to graduate from high school, and missing credits were some of the hardest obstacles that I faced. I remember walking with my head down, feeling an emptiness in my heart. Suddenly, my academic counselor walks by next to me and asks me Daniela, how are you today? Are you feeling okay? He noticed and saw my sad face expression and invited me into his office to have a conversation. After talking and discussing my hard situation with a motivational tone he told me Do not worry, I am going to do the best that I can in order to help you because I believe in you, you are brilliant and you will succeed. The mom ent I opened up my eyes I saw a light of hope and I automatically knew that things were going to change. I come from a migrant hardworking family that has given me more than I could possibly imagine. Love, support, and motivation. I am the anchor and the leader of my family. I have the honor to say that I am the first generation college student of my family to be able to go to college and pursue a higher education. I am the ship and my youngest sister is the sailor. With my success andShow MoreRelatedMy Experience In My Life742 Words   |  3 Pagesone has a perfect life or even a perfect family. At times I have experienced what losing someone or something that meant so much to me. I always wondered to myself about why these situations happen to me, which also led me to put myself in a depression stage. My father was diagnosed with liver cancer and infection in his stomach area in March 2015. As he was in and out of the hospital. First, Growing up I never had a good life but I was lucky to have both of my parents in my life. It was a bond withRead MoreMy Experience In My Life1013 Words   |  5 Pages At this point in my life , if i review my previous experiences i would say that i am fairly pleased. Ive been able to gain numerous life and academic skills through hard work and determination. Though many of my experiences havent been pleasant ,in a way it has helped me grow and build my character as a person. As individuals we all go through many harsh obstacles , obstacles we sometimes think we will never overcome . but eventually we do . right ? think about it evenRead MoreMy Experience With My Life1356 Words   |  6 Pagesdo not have an abundant number of passions myself. In fact, as I think about it there are really only two subjects of interest that I feel rise to the level of passion for me; my God and sports. These two areas have been integral parts of my life for as long as I can remember. I grew up in the church and much of my young life was spent either there or on a sports field of some sort. These two institutions, I feel have shaped me into the adult that I have become and the career I feel myself called toRead MoreMy Experience On My Life1202 Words   |  5 PagesAll I could think of sitting at my desk at work was about the conversation me and my husband had the night before. I sat there staring at my computer screen wondering if it was the right thing to do, or was I just wasting my time on a hope long forgotten. The hours slowly ticked by, and everything I was working on with my customers and their loans were a blur. I couldn’t get that thought out of my head. It was eating away at me. This is something that I have wanted for a long time. I put it on holdRead MoreMy Experience In My Life942 Words   |  4 PagesThroughout a person’s life, there can be many things, such as friends and family, education, or sports, that help them develop skills to turn them into the person they are today. Without these different skills, it can possibly lead to a lower standard of living, which is not what we strive for. The thing that helped me develop my unique skill set that I can use through the rest of my life, which is also my cultural artifact, is a football. Football has taught many different things that I am ableRead MoreMy Experience Of My Life703 Words   |  3 PagesFor the majority of my life, I had been shy, even thoug h it didn’t seem like it most of the time, I was scared to death when I met new people. I know that it sounds extremely trivial, but I feel that when you first meet someone, you’re ultimately giving them their first impression of yourself and that is a lot of pressure. It seemed almost certain that I would lead a life of being a social wallflower until March 2017, more specifically, March 28th, 2017. This day was and still is important to meRead MoreMy Experience In My Life905 Words   |  4 Pagesmajority of my life I have belonged in the little world, stretching from Chicago to Cleveland and South Bend to Nashville. The boundaries of my known world have always felt like a limiting factor in my life. While my friends ventured to far away lands every year, I would spend the night at my grandparents house or we would make a day-trip to a city. With spring break approaching my family and I were going to change that, we were going to South Carolina. One dreary cold Indiana morning my family andRead MoreMy Personal Experience : My Experience In My Life1003 Words   |  5 Pagesdifficult to write about my life—not because I do not know what to say, but because I am often fearful of sharing my experiences and having them impact how people view me. My identity and upbringing are not necessarily unique, but I have been in situations that society tends to be uncomfortable with. Repeated sexual assaults, psychological abuse, neglect, and financial hardships are factors in my life that I tried to forget when I started college. Now that I am at the end of my undergraduate educationRead MoreMy Writing Experience : My Experience In My Life921 Words   |  4 PagesAs a Human, throughout life there are many skills that are critical to acquire, during childhood and as you become older. One of the most important and useful skill you will need is writing. From first, learning to write words and sentences, to more advanced writing like essays. Everyone learns to write a little differently, some ways are learning from your parents or learning words and letters in kindergarten. As you get further down the path of life you develop higher skills of writing. As peopleRead MoreMy Experience On My Life953 Words   |  4 PagesThe wind was slicing through my hair as my sweat was dripping off my metallic purple frames. I placed each foot on each of the pedals and took off. My whole world was filled with the rattling sounds coming from the dreaded training wheels. Everything would always come to a stop whenever I would hit each bump. â€Å"I need to get these thing off!† I thought constantly. The training wheels were such a nuisance because they gave me a wobble that kept me off balance, and they provided no extra speed. There

Beximco Textile’s Working Capital Management Free Essays

Executive Summary This report is presenting the overall working capital management of BeximcoTextiles Limited. In this report all of the information is collected from secondary data. As, Primary data was too much confidential, the company didn’t disclose it to us. We will write a custom essay sample on Beximco Textile’s Working Capital Management or any similar topic only for you Order Now In this report the terms and conditions that we have learned in FIN 406 has implemented. In this report financial analysis and recommendations are given. Introduction part Company overview The Beximco Textiles Ltd. was incorporated in Bangladesh as a Public Ltd. Company with limited liability on 1994 commenced commercial operation in 1995. The project was set up as a state of the art fabric weaving, dyeing finishing facilities for production of high quality shirting fabric, unique wrinkle free fabric (Cortex-2000, cotra DP 3. 5 +) other fabrics. BTL has an installed capacity of 288 high-speed air-jet looms in its weaving section a high-tech dyeing finishing section with a capacity of 100,000 yards of finished fabric per day. It is a member enterprise of the Beximco conglomerate. During the year the company produced and sold high quality shirting and other fabric and bringing forth all the latest in hard and soft technologies in weaving and finishing of fabric. It is the most modern composite mill in the region. They have leveraged Bangladesh’s labor cost advantage ; export competitiveness to the maximum. Beximco Textiles Limited engages in manufacturing and marketing yarn, woven, knit, and denim fabrics in Bangladesh. The company offers yarn products, such as count, fiber, CVC, and TC yarn products; fabric products comprising solid dyed, yarn dyed, finishing, dobby designs, and yarn count products; and denim products. It also provides special yarn products consisting of plied yarn, fancy yarn, slub yarn, core spun, multi count, and multi twist products, as well as wrinkle-free products. The company was formerly known as Padma Textile Mills Limited and changed its name to Beximco Textiles Limited in 2006. Mission Each of our activities must benefit and add value to the common wealth of our society. We firmly believe that, in the final analysis we are accountable to each of the constituents with whom we interact; namely: our employees, our customers, our business associates, our fellow citizens and our shareholders. Purpose of this Study: This study has been designed in such a way that students are going to learn the in-depth knowledge about a company’s financial condition. The main purpose of this report is to reinforce the concept of financial policy of Beximco Textiles ltd. along with its all working capital ratios, short-term financing and long-term financing. etc. Overall, this study will help a finance student to familiar with the practical scenario. Limitation: The report is limited to the data that are available in the annual reports and in the website related to Beximco textiles. Primary data was not available as they didn’t disclose. Finally, we have used our own judgments in many ways from our Business Finance courses in order to simplify the research, evaluate, calculation and advising. Financial Analysis Working Capital of Beximco Textiles ltd. : Working capital is defined as current (expected to be consumed or converted into cash within one year) assets minus current liabilities. Working capital turnover indicates how efficiently the company generates revenue with its working capital. Year| Current Assets| Current Liabilities| Working Capital of particular year| 2006| 7572906611| 5961381357| 1605525254| 2007| 7881489387| 8058498925| -177009538| 2008| 7230982538| 7906937639| -675955101| 2009| 8677166758| 4834823994| 3842342764| 2010| 9031547621| 6944110703| 2087436918| Inventory: Inventories are carried at the lower of cost and net realizable value as prescribed by IAS 2:Inventories, cost is determined on weighted average cost basis. The cost of inventories comprises of expenditure incurred in the normal course of business in bringing the inventories to their present location and condition. Net realizable value is based on estimated selling price less any further costs expected to be incurred to make the sale. Beximco textile ltd. Holds 5 types of inventory: * Raw material inventory (Fibre, yarn, gray fabric, dyes ; chemicals) * Work in process inventory * Finished goods inventory * Packing materials * Stores and Spares Amount of inventory in five years: Year| Amount of inventory| 006| 3414768025| 2007| 3688016341| 2008| 2733063864| 2009| 2742675600| 2010| 2994596746| Accounts Receivable: Their accounts receivable are recognized at cost which is fair value of the consideration given for them. 5 years accounts receivable of Beximco Textile: Year| Amount of Accounts receivable| 2006| 3407687731| 2007| 3451582241| 2008| 3765912622| 2009| 4986086053| 2010| 5040220480| Current ratio: Year| Ratio| 2006| 1. 27| 2007| . 97| 2008| . 91| 2009| 1. 79| 2010| 1. 3| Illustration: Quick Ratio: Year| Ratio| 2006| . 69| 2007| . 52| 2008| . 56| 009| 1. 22| 2010| . 86| Illustration: Activity ratios: Working capital turnover: Year| ratio| 2006| 3. 23| 2007| -24. 11| 2008| -7. 04| 2009| 2. 04| 2010| 6. 98| Illustration: Working Capital Turnover Inventory Turnover: year| ratio| 2006| . 92| 2007| . 81| 2008| 1. 13| 2009| 1. 79| 2010| 3. 15| Illustration: Days of inventory on hand (DOH): Assuming that, Beximco Textile’s number of days in period is 360. Then the DOH would be: Year| DOH| 2006| 391. 30| 2007| 444. 44| 2008| 318. 58| 2009| 201. 11| 2010| 114. 29| | | | | Illustration: Receivable turnover: Year| ratio| 2006| 1. 52| 2007| 1. 23| 2008| 1. 26| 2009| 1. 57| 2010| 2. 89| Illustration: Days sales outstanding(DSO): Year| Ratio| 2006| 235. 85| 2007| 291. 20| 2008| 284. 80| 2009| 228. 19| 2010| 124. 51| | | Illustration: Cash conversion cycle: (Inventory conversion period+ Receivables conversion period)-Payables conversion period Year| CCC| 2006| 523. 12| 2007| 594. 16| 2008| 417. 5| 2009| 387. 17| 2010| 143. 36| | | Collection ; Disbursement Cash Inflow and Cash Outflow by Operating Activities (in tk. ): | 2010| 2009| 2008| 2007| 2006| Cash received from customers ; others| 145187023| 664608431| 3190602600| 4223133089| 4887688455| Cash paid to suppliers ; Employees| 898661193| 535932698| 3043303205| 3788738872| 3703613507| Cash Generated from Operations| 5532091050| 1286757473| 147299395| 434394217| 1184074948| Interest Paid| 1445098454| 2006166127| 1261679027| 766830156| 906788267| Income Tax Paid| 43025787| 56338512| 20396366| 74934103| 8084912| Net Cash Generated from Operating Activitie| 4043966809| 775747166| 1134775998| 407370042| 269201769| Daily Cash Generated from Operating Activities| 11233241. 4| 2154853. 24| 3152155. 55| 1131583. 45| 747782. 6917| Cash Flows from Investing Activities (in tk. ): | 2010| 2009| 2008| 2007| 2006| Acquisition of Property, Plant ; Equipment| 3231593528| 2381789851| 986841760| 39250045| 205811905| Long-term security deposit| -| -| -| -| 46064| Net Cash Used in Investing Activities| 3231593528| 2381789851| 986841760| 39250045| 205857969| Daily Cash Used in Investing Activities| 8976648. 69| 6616082. 92| 2741227. 1| 1090279028| 571827. 917| Cash Flows from Financing Activities (in tk. ): 2010| 2009| 2008| 2007| 2006| Allotment of shares| -| 6351789302| -| -| 1050000000| (Decrease)/Increase in Long Term Borrowings| 594878760| 1605294361| 1945272911| 74392816| 1273417109| (Decrease)/Increase in Short Term Borrowings| 201830690| 1578840462| 181255969| 511187488| 118194147| Dividend Paid| -| -| -| -| 30405375| Net cash Generated from Financing Activities| 796709450| 3167654479| 2126528880| 436794672| 135628337| Daily Net cash Generated from Financing Activities| 2213081. 81| 8799040. 22| 5907024. 67| 1213318. 3| 376745. 3806| Increase or decrease in cash and cash equivalents| 15663831| 10117462| 4911122| 9825415| 72284537| Cash and Cash Equivalents at Beginning of Year| 27249672| 1713221o| 12221088| 22046503| 94331040| Cash and Cash Equivalents at End of Year| 42913503| 27249672| 17132210| 12221088| 22046503| Interpretations: 1. Working capital: In 2007 and 20 08 working capital of Bextex ltd. was negative. That means; current assets have been lower than the current liabilities. So, the company was in a risky position in terms of liquidity. But from 2009, it started to be positive and the company is in a stable position. 2. Current ratio: This ratio expresses current assets in relation to current liabilities. Current Ratio of bextex ltd. is highest in 2009 which indicates that the company has higher level of liquidity and it can meet short term obligations. But during 2007 and 2008 the ratio had a smaller value than one, indicating that Bextex ltd. had lower liquidity to meet its short term obligations. However, over the following years; Beximco Textiles managed to solve this issue. 3. Quick ratio: The quick ratio is more conservative than current ratio, because it only includes the more liquid current assets in relation to current liabilities. Beximco Textiles Ltd. reached its peak in 2009 in terms of quick ratio but yet again it dropped in 2010. Apart from that, there has been a steady improvement in this aspect. 4. Activity Ratios: a. Working capital Turnover: working capital turnover indicates how efficiently the company generates revenue with its working capital. Bextex ltd. was in the worst situation in 2007, that the ratio was -24. 11; this ratio was negative in 2008 as well. The main reason behind it was that the current asset remained lower than the current liabilities. The negativity in this aspect simply depicts that the company took a very high amount of loans during those years. Yet, the operations were efficient enough to improve that risky position over the years. b. Inventory Turnover Ratio: Inventory turnover ratio shows the times  a company’s  inventory is sold and replaced over a financial period. A low turnover implies poor sales and, therefore, excess inventory. A high ratio implies either strong sales or ineffective buying. During 2006 and 2007; the annual inventory on hand was way higher than the following years. Consequently, the turnover was high as well. During the following years; the management took new measures and managed to reduce the excess the inventory. However, the total amount of inventory in 2010 was higher than that of 2009. Yet, the inventory turnover almost doubled during 2010; which is a strong indication that the sales is increasing in number. c. Days Sales Outstanding Ratio: It indicates the elapsed time between a sale and cash collection. Bextex ltd. ad the lowest DSO in 2010, which indicates a better situation than that of the previous years. In 2007, the ratio was the highest indicating the efficiency lapse in cash collection during that period. 5. Cash Conversion cycle: This metric indicates the amount of time that elapses from the point when a company invests in working capital until the point at which the company collects cash. Bextex ltd. had 523. 12 CCC in 2006 which indicat es poor position and in 2010; they have decreased it from 523. 12 to 143. 36. So, it is a good indication for the company. Basic reason behind this positive trend is that; Beximco Textiles has improved the Inventory conversion and receivables Collection operations dramatically. Both the Inventory conversion period and the Receivable conversion period has been halved from the year 2006 to 2010. 6. Cash-Flow: Cash flow activities show that both the income from operational activities and the return from investments have been increasing over the years. The Payables are being paid out and the retained earnings are being reinvested heavily to increase the efficiency to a higher level. This can be a reason why Beximco Textiles have refrained from giving out dividends since 2007. References 1. BEXIMCO TEXTILES Ltd. (2007). Auditors’ Report 2. BEXIMCO TEXTILES Ltd. (2009). Auditors’ Report 3. BEXIMCO TEXTILES Ltd. (2010). Auditors’ Report 4. Fredric C. Scherr, Modern Working Capital Management, Prentice Hall International Editions. 5. Ross, S. A, Westerfield, R. W Jaffe, J. (2005). Corporate Finance 7th Edition. New Delhi: McGraw Hill Publishing Company Limited. 6. Financial Reporting and Analysis CFA (level-1) 2011 How to cite Beximco Textile’s Working Capital Management, Papers