Accounting (walmart) slp module 3 Essay Example | Topics and Well Written Essays - 500 words

Accounting (walmart) slp module 3 - Essay Example Amounts are in million. EBIT (earnings before interest and taxes); TCE (total capital employed). As could be realized, ROCE is impacted by capital turnover (sales/TCE) and operating profitability (EBIT/sales) which all settles down to ROCE being (EBIT/TCE). Thus, Wal-Mart took decisions which impacted their, capital turnover, making it to decrease every year, from 3.2 in 2004 to 2.84 in 2008. As for her operating profitability of sales, an increase was realized between 2004 and 2005, (5.81% to 6.08%) but it started declining in 2006 (6.0%) and in 2007 and 2008 it was 5.88% and 5.81% respectively. With this trend of events, Wal-Mart’s ROCE kept on declining as she employed more capital. Thus, the question now to answer is; due to the cost decisions taken in Wal-Mart, is her financial health improving or failing? Inventory rose every year but thanks to rising sales between 2004 to 2007, inventories appears to be under control. But this was not the case in 2008 whereby inventory increased with sales declining. But, how many times a year did Wal-Mart sell out her inventory? Here, Wal-Mart had a promising trend as the number keeps on increasing. Account receivables grew 61.7% between 2004 and 2008, which was faster than sales which only grew 31.7% between 2004 and 2008. Thus, money owed to Wal-Mart was increasing faster which was not a decision as her working capital is impacted

Environmental Management Essay Example | Topics and Well Written Essays - 750 words

Environmental Management - Essay Example More over, the water based sports that are part of tourism activities are affected by the presence of waste. Hotels may lose clients as they move to the unpolluted areas. The waste water could be of use to the hotels if it is treated and used for sanitary purposes, thereby lowering the water expenses. On the other hand, hotels can avoid breaking government regulations regarding discharge of waste in to the environment, which may lead to legal action being taken against them. High electrical energy consumption also leads to the depletion of water resources especially where hydro-electric power is used. Other electric generation plants also have an impact on the environment, which may lead to the migration of organisms such as birds due to the emission of toxic gases. Such phenomena adversely affect the hotel and tourism industry. Hotels would on the other hand be at an advantage if they conserved energy in their operations and hotel rooms. The most important is lowering their energy costs, which translates in to reduced operation costs, hence higher profitability (Gibson et al 2003). This can be accomplished through sensitizing the staff and the visitors regarding leaving the lights off when not in use, ensuring that refrigerators and other electrical appliances are not switched on unnecessarily. The wood fuel that is used for cooking leads to the destruction of forests, which serve as an essential carbon sink. The greenhouse gases emitted from burning fuel have been a major contributor to climate change. This has adversely affected the hotel industry as water bodies dry up and land being transformed in to a desert. Wild life is becoming depleted in many countries where tourism is a major economic activity, which has led to the closure of many hotel businesses. It is therefore necessary for hotels to engage in the control of green house gases emission, no matter how little they may be contributing to