Plastic Pollution in oceans (marine Life) due to human activity Term Paper

Plastic Pollution in oceans (marine Life) due to human activity. Research - Term Paper Example The pollution caused due to plastic is increasing at a very fast pace and that is because the demand for products produced through plastic is increasing day by day. According to Andrady 80 million tons of plastic and plastic waste is found in the marine regions throughout the globe (Andrady 1). There are various causes as well as harmful effects of plastic pollution in marine life, but at the same time several steps can be taken to solve the issue of oceanic regions being polluted due to plastic. There are various causes due to which plastic pollution in oceans is experienced. One of these causes is that plastic enters the oceans and water in an indirect manner. There are many ways through which plastic can enter the water in an indirect manner. One of the most common ways is that plastic based garbage is left on the coastal areas by those individuals who are recognized as beachgoers. The problem is that water reaches the coastal areas and absorbs the plastic waste and travels back into the sea area along with plastic products. Another method through which plastic waste reaches the oceans is recognized as land runoff. This event takes place when huge amount of rain water moves plastic waste from the land area to the sea area. A third method through which plastic debris reaches the ocean is through the route of sewage. This means that plastic waste travels to the oceans when that waste is dumped in sewage and rivers which carries the waste to the sea. A fourth method through which plastic waste reaches oceans is through the heavy winds that blow plastic debris from land area to oceans (Andrady 1). According to Andrady, around 80% of the plastic waste or debris that is found in the oceans is caused due to the plastic waste that enters the oceans through indirect means such as littering of the coastal regions by those who are beachgoers (Andrady 1). Other than indirect transfer of plastic

Peter Enterprises Essay Example | Topics and Well Written Essays - 750 words

Peter Enterprises - Essay Example An income statement represents a company’s activity or performance over a period of time. The income statement is intended to provide investors an accurate depiction of the company’s profitability over the period of time (in this case 1 year). This includes mainly the sales and cost figure of the company over the period of time. Cost which are capitalized are included in the category of either depreciation or amortization expense. The income statement is generally full of accounting assumptions; fundamentally the matching principle. The matching principle dictates that the revenues of the company should be matched with the expenses incurred during the period. Any accrued sales (Credit Sales) or expense is accounted in the income statement. Earnings from the income statement are essential criteria when investors evaluate or opt for a company to buy its share. It is earning power of the company which lifts its value and attracts the investor about the profitability of the company. In the case of Peter enterprise, it has generated a net profit of  £444,400 which is 14.79% of the sales. This implies that the net profit margin is 14.79% which is promising; however the company is profitable but we cannot jump into any conclusion unless we compare it with the industry standards for the particular year or a company which has risk similar to the Peter enterprises. (c) Peter Enterprises Balance Sheet As of 31 December 2009 Assets          Current Assets    Accounts Receivable 294,800 Stock 287,000 Total Current Assets 581,800       Fixed Assets    Machinery 1,480,000 Equipment 163,100 Motor Vans 148,700 Total Fixed Assets 1,791,800       Total Assets ?2,373,600       Liabilities          Short-term Liabilities    Trade Creditors 273,000 Bank Overdraft 54,000       Long Term Liabilities    Loan 1,500,000       Total Liabilities ?1,827,000       Net Assets or Shareholder's Equity ?546,600       Capital 417,200 Add: Net Profit 444,400 Less: Drawings 315,000 ?546,600 (d) A balance sheet shows a company’s financial position at a particular point in time (Krakhmal & Day, 2010). We can determine through balance sheet that how much financially strong and economically efficient a company is. It shows how much the company owns or how much money is owed by it. The assets are financed by either debt or equity and the balance sheet can reveal important information about it. We can compute a lot of ratios using the numbers in balance sheet and compare them with the industry standards. The most common ratios are liquidity, solvency, and profitability and efficiency ratios. A balance sheet can explain how the company is being managed. For instance, a high day on receivable implies that management is not efficient in collecting money. This impacts cash flow cycle and can cause liquidity problems for the organization. Furthermore, Solvency ratios such as the Debt/Equity ratio can provide an important insight to creditors to whether grant a loan to the organization or not. It also gives an insight to shareholders about the current worth of the company. An analysis of Peter’s balance sheet shows that it has a very high Debt/Asset ratio which is equivalent to 70%. Answer 2a) Cash Forecast for the next 6 months    Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Cash Inflows                   Cash Sales* 262000 254000 268000 288000 296000 292000