Sunday, February 23, 2020

Royal Exchange Theatre, St Anns Square Assignment

Royal Exchange Theatre, St Anns Square - Assignment Example The place where the Royal Exchange is housed is one of the most visited places in Manchester and is dotted with shopping centres and malls. Therefore, it gives the people every chance of entertainment and the people are too happy to take the chance. The architectural beauty of the theatre has been revered by all sectors of the society and it holds a place of pride for the people of the society. (Royal Exchange Theatre, Manchester, n.d.; Background information, n.d.; Welcome, n.d.) The Royal Theatre of Manchester was made in 1968. The theatre was constructed in a house, which was the place for the cotton trading of the world. The hall of the house was one of the largest places of trading in the world. The largeness of the hall raised the interests of the group of men and they conceived the idea of the theatre. The Theatre was damaged considerably in the bombing of the Manchester City Center in 1996. However, the management of the theatre was quick to reciprocate and the theatre came into being in a completely new shape and style. The new theatre had malls and eating centres attached to the theatre. This gave the people more reasons to visit the theatre. The theatre had become one of the favourite pastimes of the people in Manchester. The modern-day theatre consists of three parts - the theatre, the studio and the corporate lounge. The theatre is where the performances or the theatres take place. The studio is the place where the performances of the small groups or the visiting theatre companies take place. The companies and the organizations for their private functions take the corporate lounge. Therefore, the theatre has encompassed itself in all types of activities. The theatre has become an absolute package for entertainment purposes. The theatre caters to the different sectors of the society-the common man, art lover, and the corporates.  Ã‚  

Friday, February 7, 2020

Ways To Increase Return On Assets Essay Example | Topics and Well Written Essays - 2000 words

Ways To Increase Return On Assets - Essay Example Since both sets of figures show similarity in the total expenses at  £15,400 each, although Set B fails to present the break down of the expenses, then using the said expenses as criterion could not be deemed to indicate a material difference for purposes of inferring which of the two would or would not show a true and fair value. It is, therefore, the matter of the closing stock that will settle the issue of which set does or does not present a true and fair view since it is in the value of the closing where the two sets of figures materially differ. By taking the difference of  £14,000 and  £10,000, one will get a difference of  £4,000 which represents about 40% and which could be now considered by auditors as material misstatement in the financial statement. As to why it affects materially the financial statements will be seen in the income statement and the balance sheet. The income statement is affected because closing stock or inventory takes the nature of revenues in t he income statement as will be explained later. The balance sheet is also affected because the closing stock is part of the current assets and total assets which are parts the computation of liquidity using current ratio and the profitability using the return on assets. Since it affects the net income, the other ratios where net income is used will also be affected.  As to how the material misstatement will affect the profitability ratios may be illustrated as follows: First, the closing stock is important in the computation of gross profit ratio (GPR) which is computed by dividing gross profit by the total sales. It must be noted that the closing stock affects the value of the cost of sales to be deducted from total sales to arrive at the gross profit.