The American Civil War And Its Impact On American Society...

The modernizing of certain sports was a function of sociopolitical shift in the nation as a whole. Much of the transformation of American sport in the second half of the nineteenth century reflected the articulation and victory of free labor ideology in the American Civil War and its development into the commercial American society which would come to dominate American society. American sport reflected the white middle class values instilled by this ideology. Women continued to be discouraged from participation in physical recreation. In the former slave states, sport was used as a means for asserting white supremacy. The examination of sport in this period provides an example of how sporting culture is shaped by the sociopolitical climate in which it operates. Rising to prominence in the 1850s as the ideological foundation for the Republican Party, the doctrine of free labor celebrated the independent small businessman and farmer of the North. The free society of the North was, to early Republicans, one of unparalleled social mobility; where unique American institutions assured any hardworking man could achieve middle class economic independence for himself and his family. The idea of progress for the individual and the nation as a whole promoted the development of American capitalism, railroad construction, the homestead movement, and public education. Innovation and enterprise were prized characteristics. The ideology provided no place in American society for a permanentShow MoreRelatedPost World War II: Effects and Changes in America1524 Words   |  6 PagesIntroduction World War II brought several changes to the world and specifically America. It not only changed the world map but also set impact on the behaviours. WWII played a major role in building turning points during different periods. Before WWII, African Americans were not offered equal rights in the community. 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Johnson signed the Civil Rights Act of 1964, a law that ended discrimination in the US at all levels of government. Without the Civil Rights Act of 1964, blacks and other people of color would not have the opportunity

Porter Five Forces Assist an Organisation in Their Strategic Planning Free Essays

string(104) " a buyer and supplier relationship between the industry and companies which produces the raw materials\." How does Porters Five Forces Model assist an organisation in their strategic planning? Before understanding â€Å"how† we must know â€Å"what† Porters Five Forces model really is (Michael E. Porter, 2008). Company strive to secure a competitive advantage over their rivals, I mean who doesn’t want to be the best? Although the intensity of rivalry varies within each industry and these differences can be important in the development of strategy, but rather the five forces (Porter, 2008) being a strategy of any sort, it acts a framework in securing a strategy. We will write a custom essay sample on Porter Five Forces Assist an Organisation in Their Strategic Planning or any similar topic only for you Order Now The only time where strategy is irrelevant, would be when you have no competitors where ultimately the environment is a monopoly, or when you have a ton of money to throw around and waste. But having said that, it is not likely at all. Without framework, strategy will inevitably collapse, as they both come hand in hand. Thus a chain arises as the five forces (Porter, 2008) acts as a framework in assisting an organisation in their strategic planning, where strategic planning leads to a competitive advantage over their competitors which then leads to ultimate success of the company. Before proceeding to the question at hand on how Porters Five Forces can assist an organisation in their strategic planning, first we have to know two things, what are the Five Forces that Porter (2008) proposed, and ultimately what strategy really means? To ease this journey, let’s start with the Five Forces (Porter, 2008). Before any company enters a certain market, one must first analyse the competitive nature of the market, and this is exactly what the Five Forces (2008) aids to do, to provide a framework to determine the intensity of competition within an industry where three of the five competitive forces comes from an external sources, and the remainder coming from an internal sources. These external sources includes: Threat of potential entrants, threat of potential substitutes and rivalry of existing firms in the industry. Now these sources are external due to the fact that it is simply impossible to temper with. But what we can control, are the two internal sources: the bargaining power of suppliers, and the bargaining power of buyers. Being aware of the five forces can aid firms into identifying existence and the importance of each of the five forces, as well as the roles that each force plays into the success of the firms. The threat of potential entrants: Although it is possible for any company to enter and exit a market of their choice, each market has their own unique barriers to go in and out of. Therefore the essence of this force deals with the level of difficulty that a company can enter into an industry which will ultimately impact competition within the industry. Whenever a new company enters an industry, the competitive climate changes; it provides more alternatives to consumers, therefore reducing its attractiveness and the competition within the industry increases as each company is trying to come out on top. As each industry have their own unique characteristics it allows them to build a barrier from other industries protecting them from profitability while restraining additional rivals from entering the market. These restraints and characteristics that industries create are referred to as barriers of entry. Barriers of entry are a characteristic acquired uniquely to each industry. It attempts to reduce the rate of entry of new companies which maintains the level of profitability for all current industry competitors, where if new companies enters the industry, the profit is shared amongst the original and the newly developed companies in the industry, ultimately decreasing overall profits of each company, which isn’t ideal. Conversely when profitability of an industry is high, companies will attempt to come into the industry to get a piece of the action, which then will eventually result in reducing profits due to the fact that it is divided up into more quarters. Where there’s an entry, there’s an exit, barriers to exit limits the ability of a firm to leave the market, meanwhile rivalries can worsen. So when barriers for entry and exits are high, it means that companies have a higher potential to make more profit and the opposite occurs when barriers are low. The threat of substitutes: where it refers to substitute product as those that are available in other industry which can also fulfil the need and want of the consumers. It can affect competition in an industry by placing an invisible ceiling on prices which companies within the industry can charge, due to the fact that if the cost of substitute is low then the consumers will tend to purchase substitutes, therefore limiting the prices that a company can place on certain items to gain maximum profit. For example, lemonade can be substituted for a soft drink. Generally, competitive pressures arising from substitute products increase as the relative price of substitute products declines and as consumer’s switching costs decrease. The bargaining power of buyers is affected by the concentration and number of consumers, when buyer power is strong, they gain the power to choose between producers and ultimately equip themselves with bargaining power which then the producers will have to conform to in order to produce profit, under these conditions the buyer has the most influence in determining the price of products. Also when buyers have strong bargaining power in the exchange relationship, competition can be affected in several ways. Powerful buyers can bargain for lower prices, better product distribution, higher-quality products, as well as other factors that can create greater competition among companies. To minimise the power of buyers, companies can develop offers in which strong buyers cannot refuse, also, companies can choose to select buyers with less bargaining power. Similarly, the bargaining power of suppliers affects the intensity of competition in an industry, for a production industry that produces goods, raw materials are needed which creates a buyer and supplier relationship between the industry and companies which produces the raw materials. You read "Porter Five Forces Assist an Organisation in Their Strategic Planning" in category "Essay examples" Suppliers may be able to determine prices especially when there are a large number of suppliers, limited substitute raw materials, or increased switching costs. The bargaining power of suppliers is important to industry competition because suppliers can also affect the quality of exchange relationships. Competition may become more intense as powerful suppliers raise prices, reduce services, or reduce the quality of goods or services. In order to minimise the power of suppliers, industry tend to build win-win relationships with suppliers where both parties benefits from it or arrange to use multiple suppliers so if one supplier chooses to increase their prices, the company doesn’t get affected as much. Competition is also affected by the rivalry among existing firms, which is usually considered as the most powerful of the five competitive forces. In most industries, business organizations are mutually dependent, industries that are concentrated versus fragmented; often display the highest level of rivalry. A competitive move by one company in pursuing an advantage over its rivals can be expected to have a noticeable effect on its competitors, and thus, may cause retaliation of other companies, for example, lowering prices, enhancing quality, adding features, providing services, extending warranties, and increasing advertising, placing themselves in a competitive advantage over the competitors. The nature of competition is often affected by a variety of factors, such as the size and number of competitors, demand changes for the industry’s products, the specificity of assets within the industry, the presence of strong exit barriers, and the variety of competitors. These conditions will lead to a more challenging industry where companies compete in, leading to price wars, advertising battles, and the addition of new products. So after going through the five forces, let’s take a look at what strategic planning really means. If we are going to have a good strategy, we must separate strategy from goals and objectives and other issues that managers often think about. Now most management practitioners make the mistake in defining strategy, a strategy is what unique position that we will be able to achieve, what our advantage is going to be at the end of the day as we take these steps accumulatively over time, how we’re going to be unique? How we’re going to have an advantage? How we’re going to sustain the advantage over time? Schermerhorn, Davidson, Poole, Simon, Woods, Chau, 2011). The steps we take aren’t a strategy, but somehow numerous companies make the mistake of fixating themselves on a particular action that an organisation want to approach, which then inevitably becomes their strategy but that usually leads to the downfall of the company simply because they do not know why they’re doing it and when they should stop doing it. As we all know, every industry is diff erent, therefore, there is no universal strategy that can apply to any business. But before proceeding, a company must understand their position and the industry that they are in and their circumstances in order to find a way of obtaining a competitive advantage over the competitors, where indefinitely delivering a unique value to the consumers which rivals cannot. As the five forces (Porter, 2001) suggests that being at a competitive advantage is the idealistic way of being on top, due to the fact that every industry has their own set of economics, the five forces (Porter, 2001) without a doubt acts as a framework to extract any necessary information needed to develop strategy to gain competitive advantage. The Five forces (Porter, 2001) help you home in on what is really causing profitability, or in fact what is causing the trends of the significance and change of the industry. This powerful framework can prevent an organisation from getting tricked or trapped into the latest trends like the technological sensation, and really allowing organisations to focus solely on the underlying fundamentals. This can be applied to any industry whether if its production or a service, high tech or low tech, emerging or developed industries (Porter, 2001). With the framework at hand, it acts as a guide or even a tick off criteria sheet into strategic planning, how should we begin? The strategy formulating process will be pretty straight forward from here after deeply understanding the five forces which Porter (2001) proposed. The first step should be the analysis of the industry that a company is trying to get into, looking at the environment to tick off all of the 5 boxes one by one, evaluating what the industry looks like, how it’s been changing over time, and what are the drivers of competition (Schermerhorn et al, 2011). After a careful analyse the company is then required to under the dynamics as to where the industry is going, how the buyers and substitute’s entry level are evolving, and lastly how to position the company to gain a good profit. These are all extracted from the framework proposed by Porter (2001), although competition is sometimes looked at too narrowly, with careful analysis of the five forces (Porter, 2001) will ultimately position the company in a competitive advantage. Where a competitive advantage allows an organisation to deal with the market and environmental forces much better than its competitors (Ramon, 2012), to achieve this goal, the company needs to be at its best and better than the competitors who are trying to achieve the same goal in the same industry. Rather than a goal, competitive advantage is a position that a company wants to be in, a goal is to make the competitive advantage sustainable in spite of all the mockery of rivals, although achieving and sustaining it is a challenging task, but it will set concrete roots for the company in years to come. The implementation of strategic planning tools serves a variety of purposes in companies, including the clear definition of an organization’s purpose and mission, and the establishment of a standard base from which progress can be measured and future actions can be planned. I-O psychologist Ramon E, Henson (2012) and Robert E, Ployhart (2012) although having disagreements in some parts of their papers, they ultimately come forward in reinforcing the importance of competitive advantage suggesting that I-O and strategy has been â€Å"joined at hips for years† (Ramon, 2012), also suggesting hat I-O psychology should stray from the focus of individuals and start focusing more on the company as a whole as they have â€Å"much to offer† in the understanding of competitive advantage (Ployhart, 2012). Furthermore, the strategic planning tools should communicate those goals and objectives to the organisation as a whole rather than just the ones involved in the strategic p lanning process (O’Shannassy, 2003) to achieve a more efficient work flow. Throughout the centuries, countless strategic approaches has been formed and used and recycled, so why use Porter’s Five Forces (2008)? For example, strategy as simple rules Kathleen M. Eisenhardt, ; Donald N. Sull, (2001). It illustrates the success story of Yahoo! , along with other successful companies coming from an unattractive market. â€Å"So how they did succeed? More generally, what are the sources of competitive advantage in high-velocity markets? What does strategy mean in the new economy? † (Eisenhardt et al, 2001, p. 108). The key is none-other than strategy as simple rules, it targets market confusion and rides the magic carpet to see where or what it will journey into. Although it is indeed called â€Å"simple rules†, a rule still applies to it, as one Internet executive explained: â€Å"I have a thousand opportunities a day; strategy is deciding which 50 to do. † (Eisenhardt et al, 2001, p. 108). As it summarises and illustrates that simple rules is all about taking risks, its essence is to capture unanticipated opportunities for ultimate success. Although for companies like Yahoo! has gained huge success, simple rules (2001) cannot apply to any industry as the authors suggests (Eisenhardt et al, 2001). If the opportunity presents itself, for anyone to use simple rules (2001) as a stepping stone to success, without a doubt, one should take the opportunity, but an opportunity does not just come without any background knowledge of a particular industry, and this is where Porter’s Five Forces (2008) comes into play, as it provides a framework for careful analysis of the industry, by analysing the industry will allow you to grab hold of the opportunities that might come about. Despite the fact that there are numerous of strategies to obtain competitive advantage, Porters Five Forces (2008) acts as a basis of all these trategies, as it is a tick-off criteria sheet which allows a company to understand their position before even implementing any sort of action. It is important as companies strives for ultimate profitability, thus the importance of a company securing a competitive advantage over their competitors is key, as even I-O psychologists supports the important of competitive advantage and that it should be a â€Å"department on its own† (Ployhart, 2012). How to implement strategy and sustaining it is another question. Although Yahoo! nd some other companies has succeeded without the five forces (Porter, 2008), it is a dangerous and risky step, and for those who doesn’t have the resource to throw around, Porters Five Forces (2008) will not only act as a friend but mentor to the journey of success. Reference John R. Schermerhorn, Paul Davidson, David Poole, Alan Simon, Peter woods ; So Ling Chau (2011). Management 4th Asia-Pacific Edition. Queensland, Australia: John Wiley ; Sons Australia, Ltd. Kathleen M. Eisenhardt, ; Donald N. Sull, (2001). Strategy as Simple Rules. Harvard Business Review,79(1), 106-116. Porter E. Michael. THE FIVE COMPETITIVE FORCES THAT SHAPE STRATEGY. Harvard Business Review, 00178012, Jan2008, Vol. 86, Issue 1. RAMON M. HENSON. Industrial-Organizational and Strategy Are Integrated in Practice! Industrial and Organizational Psychology, 5(2012), pp82-86. Robert E. Ployhart. From Possible to Probable: The Psychology of Competitive Advantage. Industrial and Organizational Psychology, 5 (2012), 120–126. Tim O’Shannassy, (2003). Modern Strategic management: Balancing Strategic Thinking and Strategic Planning for Internal and External Stakeholders. Singapore Management Review, 25(1), 53-67. How to cite Porter Five Forces Assist an Organisation in Their Strategic Planning, Essay examples

Taxation - Theory - Practice & Law Residence and Source

Question: Discuss about theTaxation, Theory, Practice Law for Residence and Source. Answer: Residence and Source The taxability of the income depends upon the residential status of a person, thus, it is crucial for the tax purposes to determine the residential status of a person (Prince, 2013). In Australia, the residential status of an individual is determined by referring to the provisions of Australian tax law and the rules framed by the Australian Taxation Office in this behalf. Although, there is a proper definition of the term Resident in the Australian tax laws but in certain complex situations, one may lead to refer to the judicial case laws. The judicial case laws also provide foundation to resolve the complex issues related to the taxation matters. However, it should be kept in mind that the judicial cases are referred to only in the situations in which the issues could not be resolved by referring to the statutory provisions of taxation law (TaxConnections, 2016). According to the rules framed by the Australian Tax Office, the primary test that is conducted to work out the residential status of an individual is the Resides Test. As per this test, an individual already residing in Australia is deemed as resident for the tax purpose without applying any other provision or rule. This implies that an individual residing permanently in Australia will always be deemed as resident for tax purposes. In case of individuals not already residing in Australia, there are three conditions stipulated by the Australian Tax office, if any of these conditions get satisfied, the individual is regarded as resident for tax purposes. These three conditions are discussed as under: Domicile Test: Prescribed that the individual having permanent place of residence in Australia is deemed as resident (Australia Residency Test, 2016). 183 Day Test: If an individual has stayed in Australia for a period of 183 days or more in the year for which status is sought to be determined, then he/she is deemed as resident of (Residency- 183 day test, 2016). Superannuation Test: As per this test, the Australian government employees posted outside Australia are treated as resident of Australia. However, in regard to the above discussed first two conditions, it is to be noted that if the Australian Tax Office is satisfied that the permanent place of abode of the individual is outside Australia, then these conditions will not apply and the individual may not be regarded as resident of Australia in that case (Australia Residency Test, 2016). In the present case, Fred, who has migrated to Australia from the United Kingdom, satisfies the 183 day test as he has been in Australia for 11 month (Australia Residency Test, 2016). Further, considering the prevailing circumstances in the current case, the permanent place of adobe for Fred could also not said to be outside Australia. This is primarily due to two reasons, first is that he is living in Australia with family (not considering children here because they could not be migrated due to unavoidable reasons) and second is that Fred has rented out his residential property of the United kingdom. Therefore, concluding the discussion, it could be articulated that Fred is resident of Australia for tax purposes and thus, he will be liable to pay taxes to the government on income earned there. Case study 2: Ordinary Income The outcomes in respect of the cases have been discussed as under: Case 1: Californian Copper Syndicate Ltd v Harris (Surveyor of Taxes) (1904) 5 TC 159 The primary issue arose before the court in this case was that whether a single transaction could be regarded as business and tax can be levied under the head business income on the person who carried out that transaction. Addressing this question, the first assertion of the court was that rather than thinking about the size of the transaction, one should consider the source from which that income emanates (Manyam, 2011). Thus, it becomes clear that for taxation purpose, even one single transaction could be brought to tax under the head business income, if the transaction was carried out with the business motive. Further, the court held that if the transaction related to land and property and securities was not with the business motive, rather the land, property or securities were held as investment, the gains can not be taxed as business income. The major outcomes of this case were as under: In case of land, property, and securities which are held as investment, the gains arising on sales or otherwise transfer of such land, property, and securities are not to be taxed as business income (MinterEllison, 2016). However, in cases wherein it is apparently clear that the activities are of business nature, the gains arising on sale or otherwise transfer of the securities, land, or property are to be taxed as business income (MinterEllison, 2016). Further, the court held that whether the transaction was a single transaction and whether or not it was commercial in nature, the gains arising from it shall be regarded as income, however, taxed it may be under any of the heads (MinterEllison, 2016). Further, the court stipulated that each case must be considered separately by going through the exact nature of the transaction (MinterEllison, 2016). Case 2: Scottish Australian Mining Co Ltd v FC of T (1950) 81 CLR 188 Among various key cases on revenues and capital distinction for tax purposes, the Scottish Australian Mining Co Ltd v FC of T (1950) 81 CLR 188 is an important one (Smith, 2003). In this case, the major issue that came up before the court was that whether the sale of land, which was being previously used in the mining operations by Scottish Australian Mining Co Ltd, could be taxed as revenue income merely because that some business nature operations were performed by the company to bring that land in a saleable condition. Addressing this question, the court held that the income arising on sale of such land is not assessable income. The court based this decision on the assertion that business nature activities were taken up only to realize the land in the most advantageous way. Thus, in this case, the sale of land was held to be as not an assessable income (Smith, 2003). Case 3: FC of T v Whitfords Beach Pty Ltd (1982) 150 CLR This case involved a substantial question of law as regards taxation of sale of land. In this case, Whitfords Beach Pty Ltd purchased land in the year 1954, which was sold later on by carrying out some development work. Although, the primary issues in this case was same as that was raised in the case of Scottish Australian Mining Co Ltd but the circumstances were totally different. Court observed that the sale land in this case took place after altering the articles of association of the company so as to include wherein land development and sale as a business activity (Australian Government, 2016). Further, it was observed by the court that there was a change in the ownership that took place after the land was purchased. The court, by clearly making distinction between this case and the case of Scottish Australian Mining Co Ltd, held that the sale of land was assessable as business income. The judiciary observed that in this case, the taxpayer company was involved in more than the me re realization of the asset. Therefore, overriding the decision of the court in the case of Australian Mining Co Ltd, the court held that the sale of land by Whitfords Beach Pty Ltd was chargeable to tax as business income (Wolters Kluwer, 2016). Case 4: Statham Anor v FC of T 89 ATC 4070 In this case also the issue of tax on the sale of land was the reason of dispute between the taxpayer and the tax authorities. The taxpayer sold land, the net proceeds of which were assessed as the income from the business activities by the commissioner of income tax (Statham Anor. 2016). The taxpayer raised objections against the tax treatment given by the commissioner in respect of sale of such land. The taxpayer appealed in the court claiming that the tax treatment given by the commissioner is grossly wrong and the gains arising on the sale of land should not be taxed as business income. The court decided the case in favor of the taxpayer holding that the gains arising on the sale of land could not be regarded as the ordinary income or the income from business activities. The court based its decision on certain crucial grounds; one of them was that the activities of the taxpayer were not of business nature. In this regard, the court observed that the taxpayer was not working on any profit making scheme that could be associated with the sale of that land (Court Cases, 2016). Thus, in the prevailing circumstances, the taxpayer could not be held to be carrying on a business of land development. Further, the court ruled out that the mere fact that the farming business of the taxpayer was closed down, does not make the sale of land taxable as business income. Therefore, referring to the judicially pronouncements of other cases and considering the circumstances of the current case, the court held that the net proceeds of the sale of land can not be taxed as business income. Final order of the court also directed the commissioner to reimburse the expenses incurred by the taxpayer in connection with this appeal (Court Cases, 2016). Case 5: Casimaty v FC of T 97 ATC 5135 The law promulgated through this case was also to assist the taxation of the sale of land. In this case, the taxpayer was gifted a farm by his father. On this farm, the taxpayer was carrying on primary production activities and using a part of it for residential purposes. Later on, after several years, the taxpayer sold a part of the land from that farm (Casimaty's case, 2002). The tax authorities demanded tax on the gains arising on sale of that part of the land. The taxpayer challenged this decision of the tax authorities in the court by appealing that the gains on sale of part of the farm land were not chargeable to tax under section 25 (1) of the income tax assessment act (ITAA) 1936 (Australian Government, 2016). However, the decisions of the administrative appeal tribunal and the federal court came against the taxpayer. The federal court based its decision on the ground that the taxpayer was actively involved in planning and managing the sales of land, which in no case can be s aid to be involvement for mere realization of the asset. Challenging the decisions of the administrative appeal tribunal and the federal court, the taxpayer appealed in the high court. The high court turned down the decisions of the administrative appeal tribunal and the federal court by deciding the case in favor of the taxpayer. The high court held that the activities carried out by the taxpayer in connection with the sale of part of the land were not in the nature of business of land development (Casimaty's case, 2002). Thus, the gains arising from the sale of part of the land could not be taxed in the hands of the taxpayer under section 25 (1) of the ITAA 1936. The high court based its decision on the ground that the taxpayer was not directly involved in advertising the sale of land and other activities that are considered to be indicative of business of land development (Casimaty's case, 2002). Case 6: Moana Sand Pty Ltd v FC of T 88 ATC 4897 The sale of land and the dominant purpose of the taxpayer in selling that land was the primary finding of this case. The court observed that it is a well established law to consider the dominant purpose and intention of the party to use the land in deciding to tax the proceeds of sale of land. At the first stage, the tribunal asserted that the intention of the taxpayer was not to make profits from the sale of property. It was found that the taxpayer was using the land for the use in connection with the business activity such as sale of sand. Thus, the property was being used as the permanent asset in the business by the taxpayer and not as a trading asset. Based on these arguments, the tribunal held the gains on sale of land not chargeable to tax as ordinary business income (Moana Sand Case, 2016). However, on further appeal, the federal court pronounced that the sale of land in this case was chargeable on revenue account as well as capital account. Case 7: Crow v FC of T 88 ATC 4620 In this case, the court held that the activities of the taxpayer were identifiable in the nature of business of land development. Therefore, the court held the transaction of sale of land in this case was on revenues account and thus, liable to tax under section 25(1) of ITAA of 1936. The court observed that the description of the activities that the taxpayer was carrying in relation to the land development showed that these activities were in the nature of business (Crow v FC, 2016). In this regard, the court noted that the taxpayer carried out various land development tasks on such land before disposing that off finally. Further, in the case, the purpose behind purchase of the land was clearly identifiable, which was to carry out land development by subdividing it. Therefore, considering the stated purpose of use of land and the nature of the substantial activities that were being carried out by the taxpayer in relation to development of that land, the court pronounced that the sal e of land need to be brought to tax under section 25 (1) of ITAA 1936 (Crow v FC, 2016). Case 8: McCurry Anor v FC of T 98 ATC 4487 In this case, the court observed that the activities of the taxpayer in relation to land were not merely to assist in realization of the land, but these were more than that and signifying the existence of profit making motive. In this case, two brothers purchased a land and constructed three houses on that land. However, they were not able sale the houses initially and for that reason they decided to use two of the houses as residence. After some time using those houses for own residence, they sold them making huge profits out of that sale. The taxpayers were of the view that the profit earned on the sale of the houses was not chargeable to tax as ordinary income (Webb Martin, 2016). However, the court pronounced its decision based on the inherent intention of the taxpayer, which was to use the land in profit making activities and earn profit. The court based its decision on the finding that the taxpayer did not take required steps to let out the property and further, it was likely that to repay the heavy bank loan, they would be selling the property shortly (Webb Martin, 2016). References Australian Government. 2016. Income tax: whether profits on isolated transactions are income. [Online]. Available at: https://law.ato.gov.au/atolaw/view.htm?DocID=TXR/TR923/NAT/ATO/00001 [Accessed on: 10 August 2016]. Casimaty's case. 2002. Sale of subdivided farm land - Income or capital gain? [Online]. Available at: https://law.ato.gov.au/atolaw/view.htm?docid=AID/AID2002273/00001 [Accessed on: 10 August 2016]. Court Cases. 2016. Statham Anor v. Federal Commissioner of Taxation, Federal Court of Australia, Full Court, 23 December 1988 [Online]. Available at: https://www.iknow.cch.com.au/document/atagUio544343sl16788832/statham-anor-v-federal-commissioner-of-taxation-federal-court-of-australia-full-court-23-december-1988 [Accessed on: 10 August 2016]. Crow v FC, 2016. ATO Interpretative Decision. [Online]. Available at: https://www.ato.gov.au/law/view/document?docid=AID/AID200155/00001 [Accessed on: 10 August 2016]. Australian government. 2016. Federal Register ofLegislation. [Online]. Available at: https://www.legislation.gov.au/Details/C2013C00040 [Accessed on: 10 August 2016]. Manyam, J. 2011. Taxation of Gains from Banking and Insurance Businesses in New Zealand. Revenue Law Journal, 20(1), pp. 1-29. MinterEllison. 2016. Australian tax brief. [Online]. Available at: https://www.minterellison.com/Pub/N/201002_ATB/ [Accessed on: 10 August 2016]. Moana Sand Case. 2016. Moana Sand Pty Ltd v FC. [Online]. Available at: https://www.austlii.edu.au/au/journals/JlATax/1999/13.html [Accessed on: 10 August 2016]. Prince, J.B. 2013. Tax for Australians for dummies. John Wiley Sons. Residency- 183 day test. 2016. [Online]. Available at: https://www.ato.gov.au/Individuals/International-tax-for-individuals/In-detail/Residency/Residency---the-183-day-test/ [Accessed on: 10 August 2016]. Residency Test. 2016. [Online]. Available at: https://www.ato.gov.au/Individuals/International-tax-for-individuals/Work-out-your-tax-residency/Residency-tests/ [Accessed on: 10 August 2016]. Smith, A. 2003. Taxation Institute of Australia. [Online]. Available at: file:///C:/Users/Abasus%20Solution/Downloads/d020520030207_prop_development_smith.pdf [Accessed on: 10 August 2016]. Statham Anor. 2016. Statham Anor v. Federal Commissioner of Taxation. [Online]. Available at: https://law.ato.gov.au/atolaw/view.htm?locid=%27JUD/89ATC4070%27PiT=99991231235958 [Accessed on: 10 August 2016]. Webb Martin. 2016. Complex tax issues taking up time. [Online]. Available at: https://www.webbmartinconsulting.com.au/#!PropertySubdivision/c7zf/551ba1e30cf215f35a2ff93e [Accessed on: 10 August 2016]. Wolters Kluwer. 2016. Federal Commissioner of Taxation v. Whitfords Beach Pty. Ltd., High Court of Australia, 17 March 1982. [Online]. Available at: https://www.iknow.cch.com.au/document/atagUio549860sl16841994/federal-commissioner-of-taxation-v-whitfords-beach-pty-ltd-high-court-of-australia-17-march-1982 [Accessed on: 10 August 2016].

Nineteen Eighty - Four TEST RESPONSE TOPIC THREE (3) Essays

"Nineteen Eighty - Four" ? TEST RESPONSE: TOPIC THREE (3) In the appendix of Nineteen Eighty-Four George Orwell warns against the enormous power a regime can hold once it has control of the language. Winston, on the other hand, believes he is free as long as he can hold on the mathematical axiom, 2+2=4. Unfortunately, Winston grossly underestimates the sheer power held be Oceania's totalitarian regime. With the Inner Party at the helm, Oceanian society has been deliberately drawn down to a deep, inescapable socioeconomic morass, with Party exercising its conscious aim of nurturing a state of "unfreedom and inequality". Having learnt a great deal from totalitarian regimes that had failed in the past, the Inner Party became a small ruling group that was determined to create a societal structure that would ensure the Party maintained a permanent stronghold over Oceania and its people. Unlike their predecessors, the Inner Party was comprised of people who were "less avaricious, less tempted by luxury, hungrier for pure power, and above all, more conscious of what they were doing and more intent on crushing opposition. From this steely resolve of the Inner Party to be the eternal guardians of power in Oceania stems the wide and varied sources of truth and power held be the totalitarian regime. Collectively, these sources present a frightening combination that, fundamentally, serves to destroy the essence of the human spirit and to ensure the ruling group an endless reign of power. As Orwell details in the appendix of the novel, control over language is one of the major sources of truth and power held by Oceania's totalitarian regime. The introduction and steady implementation of Newspeak as the language of choice for Party members, meant that the Party effectively assumed control of the boundaries of human expression and thought. The elimination of words and phrases considered unfavourable to the Party and its ideals made it extremely difficult to express conflicting or derogatory views towards the Party. And, with this suppression of free thought through language, the Party is also able to eliminate unwanted ideas, emotions, and ideals associated with those words. The embodiment of the slogan "Ignorance is Strength" is another source of power for the totalitarian regime in Oceania. The Party exploits the basic idea that ignorant people are content people; simply be

Study Distractions You Should Say Yes To

Study Distractions You Should Say Yes To Most students (and their professors) are assured that distractions is something you should avoid - they keep you away from getting your tasks done on time, listening carefully to your tutor in class, and studying for important exams. But you cannot help it! When you have to study for several hours straight, your mind gets tired and trivial little things seem to become incredibly important. You switch your attention to a TV show, updating your software, or flipping through Facebook news. Well, these distractions cannot help you be more productive especially when you have an exam tomorrow. However, there are distractions that can actually boost your energy and help you improve your studying results. There are right distractions, which give you a mental rest. A short rest can strengthen and consolidate your memory and improve later learning. Here are some beneficial distractions for studying you can use for better productivity. You can clean your room and update your Windows later Physical Exercises When the body gets sluggish, so does the mind! Keep up with physical training during midterm exams to stay bright eyed and bushy tailed. Attending gym lets you switch over to another wavelength. It is beneficial since you give your brain a break from studying while refreshing your body. Late Night Time with Friends Make it a routine to have late-night events with your friends. Invite your friends for a movie or get some snacks together. This will help you stay efficient when you have to complete a task late at night because of the burning deadline. Just dont forget to go back to studying when you have to! Naps Short power naps can improve your productivity and memory. Allow yourself to catch small periods of sleep, but keep them to less than half an hour, or else your head will experience something like heaviness and it will be difficult to come back to your work. Long nap will also steal your time, and you need to finish your project before the deadline! Something Funny Do something that will make you laugh: whether it is watching an episode of Friends or your favorite stand-up show. Laughter reduces stress and releases endorphin, your bodys natural hormone of happiness! So take your mind off your textbooks for at least 30 minutes, laugh hard, and then come back to studying. Meal Your body and mind need energy. Take a break for a nice meal to replenish your energy supplies. It is true that most people retain more information if their stomach is full. Also, allow yourself to have some snacks while studying, but make it healthy. Replace biscuits and potato chips with nuts and dried fruits. Music The right kind of music is perfect for studying. It works as a right distraction that cuts down on useless distractions and helps you relax your mind and focus on your homework. Classical music for better concentration is a traditional productivity advice. Teaching Yourself Something Interesting If you are interested in fine arts, cinema or quantum physics - make a pause to read a couple of articles or books on the topics of your interest. This will keep your mind active and efficient while taking a small break from a boring textbook. Its like continuing your studying while taking a rest from your studying! Double win! Games and Puzzles Small games really work for most people. They keep your mind in an active thinking mode so you dont have to go through engage/disengage process. Yet, small games provide refreshing break because they are sufficiently different from studying work. So, from a practical point of view, we suggest that when students are faced with complicated and long tasks, such as large writing projects or midterm exams, it is crucial for them to take small breaks on themselves. Small breaks will help you get more energy and stay focused on the task! Work hard, rest hard and good luck! What other distractions do you find helpful? Share your experience in the comments!

How to Explore the Great Barrier Reef 4 Best Bases

How to Explore the Great Barrier Reef 4 Best Bases SAT / ACT Prep Online Guides and Tips Swimming through coral forests, coming face-to-face with a sea turtle, relaxing on powdery white beaches, being surrounded by schools of neon-colored fish: you can do all of these at the Great Barrier Reef, one of the great natural sites of the world. The awe-inspiring reef stretches roughly 1,250 miles from north to south, contains nearly 3,000 individual reefs and hundreds of islands, is home to thousands of species of coral, plants, and animals, and covers an area roughly the size of Italy. With so much to see, where should you base yourself? There are numerous cities and towns along Australia’s northeastern coast that serve as jumping-off points for exploring the Great Barrier Reef, and each offers something different. This guide explains the pros and cons of four of the reef's best bases. For each base, tour prices, marine life, and options for other activities in the area are ranked from 1-3 stars. Tour Prices refer to what you can expect to pay for a reef tour, with three stars indicating the cheapest tours and one star indicating the most expensive (all prices mentioned below are in Australian dollars). Marine Life refers to how much coral and aquatic life you can expect to see under the water and how diverse it'll be. Bases with three stars generally have the most pristine and abundant marine life, while lower rankings indicate some degradation and/or sparseness of marine species. Don't think a low ranking means you'll be swimming through an underwater desert though; you'll see interesting things on any tour. Finally, it's also important to enjoy yourself before and after your reef tours, so Options for Other Activities are also ranked. More stars in this category means you have a wider variety of things to do nearby when you're not on the reef. Below the star rankings, the base itself, what reef tours generally offer and where they go, and options for nearby activities are explained in more detail. Knowing this information will help you choose a base that fits your interests and budget, helping you have the best Great Barrier Reef trip possible. At the end of this guide is additional logistical information to help you plan your trip after you've decided on a base. Cairns Tour Prices: Marine Life: Options for Other Activities: The Base The most popular base for visiting the Great Barrier Reef is the city of Cairns, and, as such, it’s here that you’ll find the widest variety of reef tours and tour operators. Cairns is a lively city that has decades of experience as a top tourist destination. Some visitors will appreciate all the amenities and activities Cairns has to offer, while others might be turned off by the proliferation of backpacker bars, tattoo parlors, and souvenir shops. Cairns is definitely a place that knows how to make the most out of its popularity with tourists. There’s a wide variety of accommodation here, ranging from hostels to exclusive resorts, but most places are moderately-priced hotels. Despite its commercialism, Cairns is still an enjoyable place to visit and offers travelers plenty to do both in and out of the water. The Reef and Reef Tours Cairns is the city closest to the reef, so trips out to the reef here are shorter than those from many other bases. Tours go to a variety of spots, but two of the reefs closest to Cairns are Arlington Reef and Sudbury Reef. Because Cairns is the most popular base for the Great Barrier Reef, many of the reefs around it are heavily visited, and some of the reefs, particularly those closest to the mainland, have suffered significant degradation as a result. There will still be things to see, but the coral may be sparse, and there may not be as much marine life as in other places. However, this depends significantly on which reef or reefs your tour visits. Because Cairns is the main jumping-off point for the Great Barrier Reef, there are tours catering to all budgets, and if you’re willing to spend the money, you can get high-end tour experiences similar to those at other bases in this guide. However, the majority of the Great Barrier Reef tours in Cairns cater to budget travelers and backpackers. This means you’ll find the cheapest reef tours here, starting at about $100. These tours often have larger groups and visit 1-2 reef sites during the day. Additional Activities As one of Australia’s top tourist destinations, there are lots of things to do in Cairns. The Cairns Lagoon, a pool and artificial beach close to the ocean, is a popular spot for all travelers, as are the lush Cairns Botanic Gardens and the Esplanade Boardwalk winding along the edge of the water. For families with children, Cairns has playgrounds, water parks, and nearby Trinity Beach to keep them occupied. You’ll also find bike tours, hiking, whale watching tours, jetskiing, waterfalls, rafting tours, markets and several museums and galleries nearby. Cairns has probably the best nightlife scene on the coast and numerous bars and restaurants that cater to all tastes and budgets. A popular day trip from Cairns is traveling to Kuranda. Visitors can take the spectacular Kuranda Scenic Railway over treetops and past waterfalls to reach Kuranda, a cute village in the rainforest. At Kuranda there are several animal parks, a butterfly sanctuary, hiking trails, shopping opportunities, riverboat tours, and numerous restaurants and ice cream shops. Port Douglas Tour Prices: Marine Life: Options for Other Activities: The Base Another popular base for the Great Barrier Reef, Port Douglas is like Cairn’s richer and more sophisticated cousin. There’s still fun both day and night to be had, but, in general, Port Douglas caters to a somewhat older and wealthier crowd than Cairns does, and it’s a favorite destination for celebrities. As a result, accommodation and dining prices are about 25%-50% higher than what you'll find in other areas. The vibe in Port Douglas is quieter and more relaxed than many other towns along the coast. The town has a few small museums and buildings of interest, an excellent market on Sunday mornings with homemade food and handicrafts, and is home to Wildlife Habitat Port Douglas where visitors can witness an alligator feeding show, view numerous Australian animals, and take a photo cuddling a koala. Four Mile Beach is the major beach in town, and it’ll do the job if you just need a place to splash around, but it’s definitely not one of the standout beaches in the area. The waves are often rough, the water is not very clear, and the sand is somewhat rocky and strewn with seaweed. The Reef and Reef Tours Day tours in Port Douglas tend to be more expensive than those in Cairns, Airlie Beach, and Townsville, but they are often higher-quality, going to the outer reef, visiting several reef sites, and having smaller boats with fewer people on board. Expect to pay over $200 for snorkeling and at least $300 for diving. Prices can be twice these amounts for the highest-end companies. A few of the biggest tour companies basing themselves in Port Douglas are Quicksilver, Wavelength, and Poseidon. Popular reef spots tours visit from Port Douglas include Agincourt Ribbon Reef, Opal Reef, St. Crispin Reef, and Tongue Reef, all located in the outer reef. While there is coral bleaching in this area, the coral is, generally still vibrant and diverse. Swimmers will often find themselves exploring massive coral forests while parrotfish, clownfish, damselfish swim nearby. This part of the reef also has some of the best opportunities for spotting mega fauna like sharks, rays, and sea turtles. Additional Activities While people who like to keep active may not find enough to do within Port Douglas, a short drive from town are some of Queensland’s most popular attractions including the Daintree Rainforest, Cape Tribulation, and Mossman Gorge. These three sites are within Daintree National Park and can all be visited in a day (with a guide or on your own), although many people enjoy the seclusion and nature they offer and choose to stay longer. The Daintree Rainforest is one of the last homes of the massive cassowary, an endangered Australian bird related to the ostrich and emu. There’s a boardwalk through the forest and other walking trails. Cape Tribulation is a remote and attractive beach where Captain Cook once ran aground, while Mossman Gorge is an important Aboriginal site where visitors can explore the rainforest and wade in the Mossman River. There’s a huge amount of biodiversity in this part of Queensland, and spending the day in some of the area’s top natural spots on land can be a good change of pace from all the time you’ve spent in the water. Townsville Tour Prices: Marine Life: Options for Other Activities: The Base Townsville is one of the largest cities in the area, and it’s often considered the unofficial capital of North Queensland. Due to its size and the number of administrative buildings located within it, Townsville lacks a lot of the charm and atmosphere of other towns along the coast, and it can often feel like you're in any generic large city. However, Townsville’s not all business, and visitors to the city can still find hiking trails, animal sanctuaries, and museums to enjoy. These are discussed in more detail in the â€Å"Additional Activities† section. Also, Townsville’s size means it has numerous amenities for travelers, although the city is more focused on local business than catering to tourists. The Reef and Reef Tours While the other bases in this guide are equally suitable for both snorkelers and divers, Townsville is most popular for its Great Barrier Reef diving opportunities. The main reason people do reef tours from here is because of the wreck of the SS Yongala, a large passenger ship which sank off the coast in 19. Today the site, a three-hour boat ride from Townsville, is often described as the best wreck dive site in the world, and it is visited by over 10,000 divers each year. As one of the largest historic shipwrecks, there is a lot to explore here. Large species often frequent the site, including sharks, grouper, sea snakes, and barracuda. Because of potential dangers associated with wreck diving, only experienced divers can visit the Yongala site. However, Townsville has options novice divers and Great Barrier Reef snorkeling as well. Nearby are several reefs, including Lodestone Reef, Wheeler Reef, and Kelso Reef. These areas typically have numerous coral species and good visibility. Be aware that Townsville is farther from the Great Barrier Reef than both Cairns and Port Douglas, so it will take longer to get to the reefs, even those closest to shore. Magnetic Island is another popular place for diving from Townsville. There are day trips available, or you can choose to spend several days on the island. There are multiple dive sites around Magnetic Island, and because its waters are generally calm and shallow, it’s a popular place to take diving classes. Tour prices in Townsville are slightly higher than those in Cairns and about what you’d pay in Port Douglas. Additional Activities When you’re not on the water, Townsville has multiple attractions to fill your time. For those who want to see wildlife, the Reef HQ Great Barrier Reef Aquarium and the Billabong Sanctuary are two top places to get up-close with animals. Townsville is home to numerous museums, including the Museum of Tropical Queensland, the Army Museum of North Queensland, and the Perc Tucker Regional Gallery. Townsville also has great walking and hiking opportunities, many of which include viewpoints over the town and coast. The Strand, Castle Hill, and Mount Stuart are some of the most popular. Airlie Beach Tour Prices: Marine Life: Options for Other Activities: The Base Little Airlie Beach, with a population of less than 10,00, is the most southerly base listed in this guide, about a seven-hour drive or a one-hour flight from Cairns. Airlie Beach has primarily been a backpackers’ destination with little more than a few hostels and beach bungalows. However, as its fame increases, the town has become home to more upscale cafes, shops, and hotels. Because it is not as heavily visited as Cairns or Port Douglas, Airlie Beach has a more laid-back atmosphere, with many people content to relax on the beach when they’re not touring the reef. The Reef and Reef Tours It’s possible to do traditional day tours to the reef from Airlie Beach, but most people who visit the Great Barrier Reef from here do so on a several day live-aboard tour of the gorgeous Whitsunday Islands. This collection of over 70 islands is covered with powdery sand and palm trees, and it has some of the most pristine coral in the Great Barrier Reef. The reefs surrounding the islands are called fringing reefs, and they are particularly known for their vibrant soft coral species. Turtles and whales are also frequent visitors to the reefs surrounding the islands. The best spots for diving are in the outer islands of the Whitsundays, particularly Hook, Hayman, and Langford islands. During these live-aboard trips, which are often 2-3 days but can be longer, guests will overnight in boat cabins or a room on one of the islands (you can also travel directly to the islands and stay there). During the day, there are typically several dives as well as time for exploring the islands. Some tours also include additional activities like sailing, which is a popular activity in the Whitsundays. Live-aboards also offer the chance for night dives. These dives can give you the chance to see a lot of marine life that isn’t active the day, including many types of sharks and other large fish species. However, be aware that, although you’ll have headlights, some people find swimming in near darkness to be disorienting and unsettling. Live-aboards are generally the most expensive reef tours; expect to pay at least $500 for a two-day trip, with some tours costing significantly more. Additional Activities Beyond reef tours you’ll find a couple other things to do in Airlie, such as helicopter tours, hiking (the town is close to jungly Conway National Park), and a water park, but, in general, Airlie is famous for one thing: the gorgeous beaches, considered some of the best in Australia. In town, manmade Airlie Beach Lagoon is a pretty stretch of sand, dotted with palm trees and grassy spots perfect for picnics or relaxing. On Whitsunday Island, Whitehaven Beach is a standout in a country known for its beaches. Almost all tours to the Whitsunday Islands visit this stunner, with gleaming white sand mingling with swirls of tropical blue water. Additionally, because Airlie Beach is still a popular spot for young backpackers, there’s always something going on in the evenings at the local bars and pubs. When's the Best Time to Visit the Great Barrier Reef? The Great Barrier Reef can be visited any time of the year. However, the weather is best between June and August, when it’s Australia’s winter. During these months the water is clearest and the chance of rain is lowest. Try to avoid Queensland’s rainy season from January to March when visibility is lower, the days can be gloomy, and the chances of cyclones are highest. Stinger season, when large numbers of jellyfish come to the waters around the reef, is typically from November through May. During this time, you’ll often have to wear a stinger suit to protect yourself from jellyfish tentacles. This is not a big deal, though; the stinger suit is a lot like a wetsuit and wearing it won’t be too cumbersome or uncomfortable. It’s also important to keep in mind that, even during the height of stinger season, the chances of getting stung are still low, and your tour operator will have supplies on board to treat any stings. How Do You Get to These Bases? Cairns and Port Douglas are closest to Cairns Airport. The city of Cairns is a short drive away, and Port Douglas can be reached by frequent buses and taxis that make the one-hour drive throughout the day. Townsville is served by Townsville Airport, a few miles from the city. Airlie Beach can be reached by Proserpine Airport or Hamilton Airport. From Proserpine, there are regular bus and taxi connections to Airlie Beach. From Hamilton Airport, which is on Hamilton Island in the Whitsundays, it’s a 50-minute ferry ride to Airlie. Because these are both smaller airports, flights can be less frequent and more expensive, so many people opt to drive or take a long-haul bus from Cairns or Brisbane to Airlie. Buses run daily, and the trip takes about hours from Cairns or 20 hours from Brisbane. Driving will likely get you there a few hours sooner because you won't be making as many stops as the buses. Once you get to your base, there are numerous buses and ferries to help you get around the area. Many tour companies offer hotel-pickup and drop-off on the day of your reef tour, although some charge extra for this service. How Can You Choose the Best Great Barrier Reef Tour? The Great Barrier Reef tourism market is saturated with tours, each of them claiming to be the best on the reef. Even after you’ve winnowed down your choice for a base, you’ll still have to choose between a multitude of tour operators. Ask these questions before you book a trip: What’s the Cost of the Tour? What Does That Include? For many Great Barrier Reef tours, you get what you pay for. Higher-priced tours will typically have fewer people and go to more distant parts of the reef, but it’s always smart to compare the cost of different tours with what you’ll be getting. Also make sure to ask what the price includes. Many things, like snorkel or dive gear, should be included, but you may have to pay extra for the Great Barrier Reef Tax ($6.50), extra food and beverages, seasickness pills, and photos from the day. How Many People Will Be on the Tour? How many people will you be sharing the boat and that part of the reef with? Great Barrier Reef tours typically range from 10 to over 100 people, but some especially large operators have a couple hundred people in the water at a time. Having a lot of people in the water with you can make it difficult to swim and scare away the marine life. Which Parts of the Reef Will You Visit? Tourism, development, and climate change have all taken a toll on the Great Barrier Reef, and some parts are in much better shape than others. The outer reef sites (those farthest from the coast) are often healthier, larger, and more vibrant because they see fewer tourists. Some heavily-visited reefs close to shore have suffered serious coral bleaching and death, and, unfortunately, aren’t very interesting to view. Many operators wait until the day of the tour to choose which exact sites they’ll be visiting based on the weather, but you should still be able to find out which reefs the company visits most often and where those reefs are. Additionally, if you’re prone to seasickness, you may want to visit a reef closer to shore to minimize travel time. There are numerous inner reef sites in good condition, so just make sure to do some online research on the health of the reefs after you get this information from the tour operator. How Many Other Tours Will Be There? Some of the higher-end operators have exclusive access to certain parts of the reef, while others share spots with many other tours. Ask how many other tours and people you can expect at the sites that tour will be visiting. How Many Dive Sites Will There Be? Many Great Barrier Reef tours will visit one site on the reef and spend the entire day there, while others will visit two or three sites, or even more if you’re doing an overnight tour. Some parts of the reef are large enough to justify spending an entire day at them, and you may prefer this option if you want to minimize travel time. However, if you want to see diverse parts of the reef, a tour that stops at several different places may be more enjoyable. How Long Will You Spend in the Water? The tour departure and return times may make it seem like you’re out on the water all day, but a lot of your time could be eaten up by traveling to the reef, going over safety information, getting people organized, and breaking for meals. Get specifics on how long you can expect to actually be in the water. 5 Things to Know Before You Visit the Great Barrier Reef While it’s possible to sign up for a reef tour heading out the next day, you’ll have more options and peace of mind if you book several weeks beforehand. The most popular operators can get booked well in advance, especially during Australian school holidays when Great Barrier Reef holidays are extremely popular. If you’re prone to seasickness (or think you might be), take sea sickness pills several hours before you get on the water. You can purchase medication before you leave for Australia, or you can purchase prescription or over-the-counter seasickness pills at any major pharmacy in Queensland. If you’d like pictures from your reef trip, you may want to purchase a disposable underwater camera. These are available at many tourist shops. There are also companies, mostly in Cairns, that rent underwater digital cameras by the day. Renting one costs about twice as much as buying a disposable camera, but they have higher image quality. You can also rent or buy a waterproof case for your own digital camera from many of these shops. If you don’t want to take pictures but still want some memories of what you saw in the reef, many reef companies have an employee taking pictures throughout the day. You can purchase a digital collection of these photos at the end of your trip. Always be aware of where your body is in relation to the reef. This is particularly true when you’re swimming in shallow water because the reef can be within a few inches (or less) of your kicking feet. Hitting the reef not only damages it, it can also be very painful and leave nasty cuts and bruises.

Assignment of Priciples and practices of management Essay

Assignment of Priciples and practices of management - Essay Example (A) Organizational behavior 2 5 During his first year of working at a law firm, Danny earned the respect of his supervisors by consistently producing very high quality work. Though the quality of Dannys work declined in his second year of employment, his supervisors continued to view his work very positively. This is an example of the (B) primacy affect. 6 A celebrity has fired several of her personal assistants because each time she asks them a question about her appearance or how her performance was, they always tell her how great and wonderful she is. She is looking for a more honest personal assistant. What should be a quality she looks for in her next employee? (D) Low on self monitoring 7 Revlon was once the worlds biggest cosmetics company. But over the past few years, its brands have lost sales and struggled through a series of management setbacks, but still it was reluctant to give up divisions that were no longer profitable. Which grand strategy does Revlon need to implement if it is to stay in business? (C) Retrenchment3 8 Players in the cosmetics industry include Procter & Gamble, which owns Cover Girl and Max Factor brands, LOreal, which owns LOreal and Maybelline brands, Revlon, which owns Revlon and Almay brands, and Està ©e Lauder. According to Porter, (C) threat of substitute products4 has the most influence on these companys profits. 10 Herman is the coach of the city football team. As a successful coach, he has to schedule structured practices, emphasize careful planning, and assign tasks. He also has to show the players that he genuinely cares about them as people. According to the Blake and Mouton’s managerial grid, Herman would be characterized as: D team management a Planning is one of the four management functions, and it is often called the primary management function because it establishes the basis for all the other things that managers do. What types

2. Critically examine the benefits that effective HR practices can Coursework

2. Critically examine the benefits that effective HR practices can bring to an organisation - Coursework Example all of them is human resource, that provides the organisation with continued competitive advantage (Inyang,2011).Thus there is a rising consensus that efficient management of an organisation’s human resources is important to its success (Inyang, 2011).Effective management of individuals as organisational assets as well as the adoption of suitable HR practices, strategies and policies greatly enhance the profitability and performance of an organisation. A rising number of researchers have studied the effect of particular HR practices on organizational performance .Even though there exists several HR best practices capable of affecting both collectively or independently on the performance of an organization; results are usually difficult to interpret. For the purposes of this paper we shall discuss 7 HR practices that were originally put forth by Pfeffer in 1998 and which can be anticipated to greatly benefit the performance of any organisation. In his influential research, Pfeffer compiled the following 7 HR best practices; firstly, employment security, secondly selective hiring, thirdly teams that are self-managed and decentralization in making of decisions, fourthly moderately high compensation subject to organizational performance, fifthly extensive training, sixthly minimised status barriers and distinctions including language, dress, office arrangements, differences in wages across ranks and finally widespread sharing of both performance and financial information through the entire organisation(Pfeffer,1998). The above HR best practices will be discussed below in detail together with the benefits that they can bring to the organisation. Through compensation policy as HR practice, the employees efforts will be evaluated and rewarded which will in turn impact positively both employee as well as organizational performance(Cardon & Stevens,2004).Employee incentives usually differentiates the rapid-growth firms from the slow growth ones. Organisations that are

Acc 422 final exams Essay Example for Free

Acc 422 final exams Essay 1) Which of the following is NOT considered cash for financial reporting purposes? 2) What is the preferable presentation of accounts receivable from officers, employees, or affiliated companies on a balance sheet? 3) Which of the following is considered cash? 4) If a company employs the gross method of recording accounts receivable from customers, then sales discounts taken should be reported as 5) Assuming that the ideal measure of short-term receivables in the balance sheet is the discounted value of the cash to be received in the future, failure to follow this practice usually does NOT make the balance sheet misleading because 6) Which of the following methods of determining annual bad debt expense best achieves the matching concept? 7) The accountant for the Orion Sales Company is preparing the income statement for 2007 and the balance sheet at December 31, 2007. Orion uses the periodic inventory system. The January 1, 2007 merchandise inventory balance will appear 8) Eller Co. received merchandise on consignment. As of January 31, Eller included the goods in inventory, but did NOT record the transaction. The effect of this on its financial statements for January 31 would be 9. If the beginning inventory for 2006 is overstated, the effects of this error on cost of goods sold for 2006, net income for 2006, and assets at December 31, 2007, respectively, are 10) Assuming no beginning inventory, what can be said about the trend of inventory prices if cost of goods sold computed when inventory is valued using the FIFO method exceeds cost of goods sold when inventory is valued using the LIFO method? 11) Which method of inventory pricing best approximates specific identification of the actual flow of costs and units in most manufacturing situations? 12) All of the following costs should be charged against revenue in the period in which costs are incurred EXCEPT for 13) In no case can market in the lower-of-cost-or-market rule be more than 14) When the direct method is used to record inventory at market 15) An item of inventory purchased this period for $15.00 has been incorrectly written down to its current replacement cost of $10.00. It sells during the following period for $30.00, its normal selling price, with disposal costs of $3.00 and normal profit of $12.00. Which of the following statements is NOT true? 16) The retail inventory method is based on the assumption that the 17) A major advantage of the retail inventory method is that it 18) In 2006, Lucas Manufacturing signed a contract with a supplier to purchase raw materials in 2007 for $700,000. Before the December 31, 2006 balance sheet date, the market price for these materials dropped to $510,000. The journal entry to record this situation at December 31, 2006 will result in a credit that should be reported 19) The cost of land typically includes the purchase price and all of the following costs EXCEPT 20) Cotton Hotel Corporation recently purchased Holiday Hotel and the land on which it is located with the plan to tear down the Holiday Hotel and build a new luxury hotel on the site. The cost of the Holiday Hotel should be 21) If a corporation purchases a lot and building and subsequently tears down the building and uses the property as a parking lot, the proper accounting treatment of the cost of the building would depend on 22) The period of time during which interest must be capitalized ends w hen 23) Which of the following assets do NOT qualify for capitalization of interest costs incurred during construction of the assets? 24) When computing the amount of interest cost to be capitalized, the concept of avoidable interest refers to 25) The King-Kong Corporation exchanges one plant asset for a similar plant asset and gives cash in the exchange. The exchange is NOT expected to cause a material change in the future cash flows for either entity. If a gain on the disposal of the old asset is indicated, the gain will 26) When a plant asset is acquired by issuance of common stock, the cost of the plant asset is properly measured by the 27) The cost of a nonmonetary asset acquired in exchange for another nonmonetary asset and the exchange has commercial substance is usually recorded at 28) Which of the following principles best describes the conceptual rationale for the methods of matching depreciation expense with revenues? 29) If an industrial firm uses the units-of-production method for computing depreciation on its only plant asset, factory machinery, the credit to accumulated depreciation from period to pe riod during the life of the firm will 30) Which of the following most accurately reflects the concept of depreciation as used in accounting? 31) Prentice Company purchased a depreciable asset for $200,000. The estimated salvage value is $20,000, and the estimated useful life is 10 years. The straight-line method will be used for depreciation. What is the depreciation base of this asset? 32) Harrison Company purchased a depreciable asset for $100,000. The estimated salvage value is $10,000, and the estimated useful life is 10 years. The straight-line method will be used for depreciation. What is the depreciation base of this asset? 33) Starr Company purchased a depreciable asset for $150,000. The estimated salvage value is $10,000, and the estimated useful life is 8 years. The double-declining balance method will be used for depreciation. What is the depreciation expense for the second year on this asset? 34) Costs incurred internally to create intangibles are 35) Factors considered in determining an intangible asset’s useful life include all of the following EXCEPT 36) The cost of purchasing patent rights for a product that might otherwise have seriously competed with one of the purchasers patented products should be 37) Malrom Manufacturing Company acquired a patent on a manufacturing process on January 1, 2006 for $10,000,000. It was expected to have a 10 year life and no residual value. Malrom uses straight-line amortization for patents. On December 31, 2007, the expected future cash flows expected from the patent were expected to be $800,000 per year for the next eight years. The present value of these cash flows, discounted at Malrom’s market interest rate, is $4,800,000. At what amount should the patent be carried on the December 31, 2007 balance sheet? 38) Mining Company acquired a patent on an oil extraction technique on January 1, 2006 for $5,000,000. It was expected to have a 10 year life and no residual value. Min ing uses straight-line amortization for patents. On December 31, 2007, the expected future cash flows expected from the patent were expected to be $600,000 per year for the next eight years. The present value of these cash flows, discounted at Mining’s market interest rate, is $2,800,000. At what amount should the patent be carried on the December 31, 2007 balance sheet? 39) General Products Company bought Special Products Division in 2006 and appropriately booked $250,000 of goodwill related to the purchase. On December 31, 2007, the fair value of Special Products Division is $2,000,000 and it is carried on General Product’s books for a total of $1,700,000, including the goodwill. An analysis of Special Products Division’s assets indicates that goodwill of $200,000 exists on December 31, 2007. What goodwill impairment should be recognized by General Products in 2007? 40) The intangible asset goodwill may be 41) The reason goodwill is sometimes referred to as a master valuation account is because 42) Goodwill 43) If a short-term obligation is excluded from current liabilities because of refinancing, the footnote to the financial statements describing this event should include all of the following information EXCEPT 44) Stock dividends distributable should be classified on the 45) Which of the following items is a current liability? 46) A company offers a cash rebate of $1 on each $4 package of light bulbs sold during 2007. Historically, 10% of customers mail in the rebate form. During 2007, 4,000,000 packages of light bulbs are sold, and 140,000 $1 rebates are mailed to customers. What is the rebate expense and liability, respectively, shown on the 2007 financial statements dated December 31? 47) A company offers a cash rebate of $1 on each $4 package of batteries sold during 2007. Historically, 10% of customers mail in the rebate form. During 2007, 6,000,000 packages of batteries are sold, and 210,000 $1 rebates are mailed to customers. What is the rebate expense and liability, respectively, shown on the 2007 financial statements dated December 31? 48) A company buys an oil rig for $1,000,000 on January 1, 2007. The life of the rig is 10 years and the expected cost to dismantle the rig at the end of 10 years is $200,000 (present value at 10% is $77,110). 10% is an appropriate interest rate for this company. What expense should be recorded for 2007 as a result of these events? 49) A contingency can be accrued when 50) Mark Ward is a farmer who owns land which borders on the right-of-way of the Northern Railroad. On August 10, 2007, due to the admitted negligence of the Railroad, hay on the farm was set on fire and burned. Ward had had a dispute with the Railroad for several years concerning the ownership of a small parcel of land. The representative of the Railroad has offered to assign any rights which the Railroad may have in the land to Ward in exchange for a release of his right to reimbursement for the loss he has sustained from the fire. Ward appears inclined to accept the Railroads offer. The Railroads 2007 financial statements should include the following related to the incident: 51) Which of the following contingencies need NOT be disclosed in the financial statements or the notes thereto? 52) The covenants and other terms of the agreement between the issuer of bonds and the lender are set forth in the 53) If bonds are issued initially at a premium and the effective-interest method of amortization is used, interest expense in the earlier years will be 54) Bonds that pay no interest unless the issuing company is profitable are called 55) Minimum lease payments may include a 56) An essential element of a lease conveyance is that the 57) While only certain leases are currently accounted for as a sale or purchase, there is theoretic justification for considering all leases to be sales or purchases. The principal reason that supports this idea is that 58) In the earlier years of a lease, from the lessees perspective, the use of the 59) In a lease that is appropriately recorded as a direct-financing lease by the lessor, unearned income 60) In order to properly record a direct-financing lease, the lessor needs to know how to calculate the lease receivable. The lease receivable in a direct-financing lease is best defined as

A Solution to E-Waste Essays -- Recycling Electronics

Over the past decade there was a profound development achieved in the sphere of high technologies production. Now the scale of electronics market becomes wider and spins up day by day with a cyclic launch of new electronic appliances with enhanced features. â€Å"According to the Consumer Electronics Association (CEA), consumers were expected to purchase 500 million units of consumer electronics in the US in 2008.† (Electronics Takeback coalition, 2010) Consequently, a clear tendency toward rapid substitution of electronic appliances can be observed. A high rate in electronics upgrading shortens their lifespan and results in following stockpiling of needless gadgets, which become a part of municipal waste. These end-of-life electronic devices are often called â€Å"electronic waste, or e-waste†. As Brett H. Robinson (2009) claims, now worldwide production of e-waste reaches approximately 20-25 million tons being discarded every year with the largest proportion in Europ e, the United States and Australasia. Hence, the problem of e-waste disposal management grows into a serious global challenge. As it was reported by the U.S. Environmental Protection Agency (EPA) 2.6 million tons of electronic waste were generated in 2005 and only estimated 330,000 tons were recycled. (Kim A. O'Connell, 2007) Thereby a very small percentage of electronic waste undergoes recycling process, as a considerable part is stockpiled in landfills or incinerated with the rest of solid municipal waste. This essay will present main points of e-waste management issue, analyze possible approaches to the problem, such as export to developing countries for re-use, takeback and recycling programs, or so-called extended producer responsibility. Finally, the essay will sum up w... ... Waste Age 88-92 Robinson, B.H. 2009. E-waste: an assessment of global production and environmental impacts. Science for the total environment 408(2): 183-191. http://www.kiwiscience.com/JournalArticles/STOTEN2009.pdf (accessed January 4, 2011) Stephenson, J.B. 2008. Electronic Waste: Harmful U.S. exports flow virtually unrestricted because of minimal EPA enforcement and narrow regulation. United States Government Accountability Office, http://www.gao.gov/new.items/d081166t.pdf (accessed October 28, 2010) Umesi, N.O. and S. Onyia. 2008. Disposal of –ewastes in Nigeria: an appraisal of regulations and current practices. International Journal of Sustainable Development & World Ecology 15(6): 565-573. http://web.ebscohost.com/ehost/pdfviewer/pdfviewer?hid=22&sid=33791215-436d-410f-a19b-47492b147141%40sessionmgr14&vid=7 (accessed January 4, 2011)

Prefect Letter

I am writing to yourslef to express my enthusiasm for the position of a year 11 prefect. The role as prefect as i can see, is an (essential) part of representing the school which acts to help the schools community and becoming a model of the school’s junior pupils, but more over, I can see the role of prefect as a leading demonstration of the school to the outside world as prefects are thee best pupils in the school, therefore, a prefect has to be an all-round friendly person.Being an ell-round friendly prefect, would mean prefects would have to have great communication skills in which they wouldn’t loose their temper whilst discussing a certain matter and would be able to listen to what other prefects might want them to do. Being a good listener is vital because prefects need to listen to teachers who set them tasks, and they must always follow it. Prefects would have to listen to any concerns by pupils or teachers that are put forward when in the role as a prefect. Al so, prefects need to be a good all-round representative.This would mean having emaculkate unform and have manners when addressing teacher, pupils and visiors. Being a prefect would mean always addressing in a graceful manner. I have represented the school many of times duing my five years that i have attended St. Thomas Aquinas. I have helped at Open Evenings where i have had to represent a subject. I remember reprsenting science and i had to show children the experiment that i was in charge of and i had to be friendly towards them and approach them with an informative manner.I was once in the school dance club that takes place after school on Fridays and i have been able to show pupils and counsillors in our school that we have an excellent dance group. One dance i was involved in was, Chicago which featured ex-teachers Miss Garner and Miss Barnet. With an input from all dancers, the show turned out to be a success. I ahve also been in the school choir which involved performing in masses, performing in a place where old people meet regularly and i have sung alongside Mr Weekes at the Atrix Theatre in which i had to wear school uniform to represent the school.I was on my best behaviour and feel that i represented the school well. When ever i had to perform and represent the school, i always helped people out and i always co-operated with enthusiasm. There are many other ways i have been part of a team, for instance: doing group work is lessons in which i have had to co-operate and having to put forward any opinions which i would discuss further with my group. I feel that i would make a good refect because my communication skills have developed since working with BPM Media for my work experience. I’ve learnt to be independent and to try everything that is put in front of me and to never say ‘I CANT. ’ I am also a very good listener because i am able to follow the rules at school and i have used my skill in my work experience placement and it has gone down as a great skill to have, especially in being a prefect.I have been classed as an ‘ambassador’ of the school which is featurd in a praise log i got for ebglish for completing coursework before the deadline because i was able to knuckle down to the work. I think it is important to uphold school rules because school rules are important to all of us because they tell us how to act, give us directions, set stabdards for everyone and provide a safe climate. Every rule has a reason for being and should be followed consistently.For instance, all pupils have to have emaculate unform, with emaculate unform, it means out school is well represented and shows everyone outside of school the expectations of all pupils who attend. By applying for the position of prefect, i am looking to acquire responsibilities of level which i have never had, and so to constantly challenge myself to a higher level is what brings one true joy. I am, as you can see, raring to go, ready t o offer my service to the school with the utmost of my abilities and in order awards that i will treasure.

Why Shift Attention To Second Generation Biofuels Environmental Sciences Essay

Second coevals biofuels are made from biomass-to-liquid engineerings, specifically cellulosic ethyl alcohol and Fischer-Tropsch gasification, and are intended to utilize lignocellulosic biomass. These engineerings are non by now commercially accessible. A figure of companies submit to some agro-fuel engineerings utilizing already bing provender stocks like palm oil or rapeseed oil as ‘second coevals ‘ like Neste Oil ‘s NExBTL Diesel, that consumes hard-hitting hydrogenation of fatty acids.Shift FROM FIRST GENERATION TO SECOND GENERATION BIO FUELSMany of the issues linked with 1st-generation biofuels can be sought out by the devising of biofuels which are manufactured from agricultural and forest left over ‘s and besides from non-food harvest provender stocks. Ligno-cellulosic feedstock is formed from specializer energy harvests grown on cultivable land, and at that place rather a few apprehensivenesss remain over viing land usage, although energy end products are expected to be high than if harvests grown for 1st-generation biofuels are produced on the same dirt. Additionally hapless quality land could besides possibly be utilized by the usage of 2nd coevals bio fuels.FEED STOCK YIELD AND ESTIMATION OF LAND AREA NEEDED[ 3 ] As we can see the tabular array gives us informations of the output of provender stock that is used for the production of 2nd coevals bio fuels, and besides the land that might be required for the sum of output. These 2nd-generation biofuels are relatively immature so they must hold all right potency for cost decreases and greater than before production efficiency degrees as more clip is base on ballss and research is done. Having an influence slightly from the future oil monetary values, they are likely to go an component of the solution to the job of traveling conveyance sector to the side of more sustainable energy resources. However, cardinal proficient and economic obstructions have still to come before they can be widely deployed. [ 4 ] Feedstock used by 2nd coevals engineerings include and their output is besides shown in the undermentioned tabular array: Dedicated agricultural production ( miscanthus, grass, etc. ) Agricultural production wastes ( straw, leaves, chaffs, etc. ) Dedicated forestry production ( wood ) A forestry and wood industry wastes ( subdivisions, sawdust, etc. ) Other wood residues, green wastes, portion of family waste, etc. Low-cost harvests, forest residues, wood procedure wastes, and organic fraction of the municipal solid wastes may all be utilized as ligno-cellulosic provender stocks. In the topographic points where these stuffs are gettable, production of biofuels should be made possible with practically no auxiliary land demands or consequence on nutrient and fibre harvest production. Though in a batch of parts these sorts of remains and waste provender stocks might hold unequal handiness, and therefore turning of vegetive grasses will be indispensable as options.BIO FUEL PRODUCTION AND CHARACTERISTICSHarvesting, treating, and presenting large volumes of biomass feedstock, with a needful quality, for whole of the twelvemonth, to a biofuels production works needs cautious logistical survey predating the investing in the works and its building. The program must be to cut down production cost, the cost of reaping and the cost of conveyance. Besides it should guarantee the economic feasibleness of the undertaking. This job is often insufficiently thought of when sing 2nd-generation options. The devising of biofuels utilizing ligno-cellulosic provender stocks may be done through 2 wholly separate fabrication paths. They include the undermentioned. biochemical – where enzymes and other micro-organisms convert cellulose and hemicelluloses mechanism of the provender stocks to sugars earlier to their agitation to do ethyl alcohol Thermo-chemical – for which gasification engineerings result in a synthesis gas ( CO + H2 ) through which a immense assortment of long C concatenation biofuels can be made. For illustration man-made Diesel The mentioned are non merely types or waies to the production of 2nd coevals biofuels, assorted researches are traveling on for others and betterments. They can do biofuels points like those which are produced via the cardinal waies or others which include di-methyl quintessence, methyl alcohol, etc.ECONIMICS OF BIO FUELSOn the footing of programs of assorted organisations the development of 2nd coevals biofuels initial full commercial-scale operation will likely get down by 2012. A little piece of informations demoing figures related to production of 2nd coevals can be seen in table 1. [ 1 ] Another major difference among biochemical and thermo-chemical paths comes to be that lignin constituent is a remnant of the enzymatic hydrolysis and therefore may be utilized for power coevals or possibly warming every bit good.BIO FUEL ENERGY BALANCENormally enzyme hydrolysis can be predictable to do up to 300 cubic decimeter ethyl alcohol / dry metric ton of biomass whereas the other path could bring forth like 200 cubic decimeter of man-made Diesel as shown in Table 2 [ 1 ] . There is an about same output in footings of the energy which is approx 6.5 GJ/t biofuels is since man-made Diesel has a larger value of energy denseness in comparative to volume than ethyl alcohol. Another chief thing that is different comes to be that biochemical waies produce ethyl alcohol in comparing to the thermo-chemical way which may be used to do a assortment of longer-chain hydrocarbons utilizing the synthesis gas.Technologies USEDCellulosic ethyl alcohol: This technique uses more energy than it really intends to do. Thus, sing usage and the end product consequences of energy it performs worse than 1st coevals maize ethyl alcohol. The undermentioned diagram gives the schematic of such a production [ 5 ] . A PRACTICAL PROCESS BY WHICH CELLULOSE ETHANOL IS PRODUCED Fischer-Tropsch gasification: Fischer-Tropsch gasification is utilized largely to bring forth Diesel from coal. It is a highly energy thorough process that is at the minute non at all commercially executable. It is of inquiry that use of Fischer-Tropsch gasification on a bigger graduated table may raise dodo fuel emanations. Following is an image of first bio-refinery ( a ) that was setup [ 6 ] and a Fischer Tropsch Section in China ( B ) [ 6 ] . ( a ) Image of the 1st Bio-Refinery ( B ) Fischer Tropsch Section in China [ 7 ] Above is shown the schematic of a Fischer-Tropsch gasification procedure. This is non a concluding version of the procedure as new betterments are being done to this new engineering every twenty-four hours. But however a basic thought can be interpreted from this scheme.Outputs of Bio Fuel in FutureTo bring forth 2nd coevals biofuels a broad scope of feedstock might be utilized. In add-on, the energy required for the intent of agribusiness and feedstock production can be reduced to a great extent. In immense transition services 2nd coevals provender stocks are predictable to be aptly transformed to biofuels. But, even though a high hereafter prospective may be present, at the minute it is non up till now confirmed that 2nd coevals biofuels will be improved in public presentation energy-wise, economically and with regard to carbon. Following is an extract from the European enchiridion to which presents the use of 2nd coevals bio fuels over the coming old ages as expected [ 2 ] . SOCIAL AND ENVIRONMENTAL EFFECTS AND CO2 EMISSIONSAlternatively of utilizing dearly-won nutrient harvests to do the bio-crude, second-generation biofuels for illustration agricultural waste are used. Second-generation biofuels processs do n't hold any consequence on supplies of nutrients. But one positive point is that they are decidedly environmentally much better and sustainable than the 1st coevals biofuels. If they are wholly made commercial, these advanced biofuels engineering can easy reconstruct fossil fuels with locally made biofuels which can in bend have positive effects like: Decreasing the demand for crude oil that is imported Lowering the emanation of nursery gases therefore diminishing of CO2A content per twelvemonth Opening new occupations, countries of research and skills peculiarly on rural sides Second coevalss biofuels are non at the minute commercial because of their production engineerings being in the research and development stairss. Assortment of feed stocks may be utilized to bring forth biofuels including lignocelluloses. Second coevals biofuels are for illustration bioethanol coming from cellulosic stuff. The ‘Technology Roadmap ‘ given in the ‘Vision Report ‘ explains coming up of these biofuels in 3 stairss which are, bettering the engineerings that exist, research and development of 2nd coevals biofuels and research and development of bio-refinery thoughts.REFRENCES[ 1 ] hypertext transfer protocol: //www.iea.org/papers/2008/2nd_Biofuel_Gen_Exec_Sum.pdf [ 2 ] hypertext transfer protocol: //www.compete-bioafrica.net/publications/publ/Biofuel_Technology_Handbook_version2_D5.pdf [ 3 ] hypertext transfer protocol: //ucanr.org/repository/cao/landingpage.cfm? article=ca.v063n04p191 & A ; fulltext=yes [ 4 ] hypertext transfer protocol: //www.etha-plus.ch/en/technique.html [ 5 ] hypertext transfer protocol: //www.frost.com/prod/servlet/market-insight-top.pag? docid=145254590 [ 6 ] hypertext transfer protocol: //newenergyandfuel.com/http: /newenergyandfuel/com/2009/04/16/exploring-a-new-gasification-process/ [ 7 ] hypertext transfer protocol: //coalgasificationnews.com/tag/sasol/