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Showing posts from August, 2020

Systems of Internal Control

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      Bermuda Six Pence From Coin Encyclopedia     Cash can be defined as many things. Currency,  Coins , Money orders, and bank drafts are all considered forms of cash. Cash in banks may be in the form of checking and savings accounts, while cash in business may be in the form of postage stamps and promissory notes. Nevertheless, cash is the currency of trade. For a business to perform either in terms of profit or on the stock market, the amount of cash it has on hand is called business  liquidity . In the  stock  market, rising  interest   rates  can jeopardize a company's  stock . Rising interest means accumulating debt. If the company does not have  liquid   assets  on hand, this debt becomes worse and may be easily reflected on the stock charts. Not being able to meet the cash requirements also means bankruptcy, even though a company might have a high net worth of long-term  assets ! With liquidi...

Recycling & Its Economic Impact

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       A Recycling center is a place where things that do not work anymore are trashed. It is a sort of resource center and a "key component to the American Economy ".   Generally, Recycling centres are classified into Junkyards,  Scrapyards and boneyards.        First of all , junkyards are places where recycled materials are sorted, packaged and shipped to their final destination. It is where household goods and consumables are gathered, organized and sent to mills for the material breakdown. About a hundred and eighty tonnes of paper, cans, and bottles are brought to some of these yards in North America.  Then, the material is run through a conveyor belt system where trash and cardboard, as well as cans and bottles, are separated. "More than two hundred billion pounds of recycling material passes through the recycling center as a first step". But it all contributes to the environment, energy, and economy. It i...