September 11, 2001 Essay Example | Topics and Well Written Essays - 2000 words

September 11, 2001 - Essay Example wo wars, markets to suffer, travel and tourism to decline and led to America adding security measures to attempt to ensure that a similar attack will never again occur on American soil. Stock prices are indicative of how optimistic individuals feel about the future. Terrorism disrupts the stock market by causing panic, and pessimism, as people decide, in droves, that their money is better off in a more secure institution or investment (Chen & Siems, 2004, p. 349). Chen & Siems (2004) researched the impact of 9/11 on world markets, in comparison to other historical terrorists events that have occurred worldwide, including the sinking of the Lusitania, the bombing of Pearl Harbor, the invasion of France, different airline bombings, the invasion of Kuwait, the World Trade Center bombing and the Oklahoma City bombing. 9/11 had the potential for a large impact on world markets, not just because of fear, but because the world trade infrastructure was disrupted because of the destruction of the twin towers (Johnston & Nedelescu, 2005, p. 5). What they found was that, while there was a significant negative impact on the stock market for 9/11, in that it stocks were off almost 8%, compared to almost 3% for Pearl Harbor, less than 2% for the invasion of Kuwait, and an increase of almost 2% for Oklahoma City, the stocks rallied much faster than many of the other events listed. For instance, the stocks did not rally after Pearl Harbor for 232 days, after the invasion of Kuwait there was not a recovery for 134 days, and, after the invasion of France, stocks did not recover for over 2 Â ½ years (Chen & Siems, 2004, p. 354). What they also found was that all 34 world markets that they examined had a negative market impact on the day of the tragedy, with 94% experiencing almost an almost .01% decline, and Helsinki and Austria experiencing a .10% decline (Chen & Siems, 2004, p. 358). However, after 11 days, almost all of the markets had recovered, and that 82% of world

Accounting 2 Essay Example | Topics and Well Written Essays - 1000 words

Accounting 2 - Essay Example In the end we have tried to comment on the possible reasons behind the changes in these ratios. We have also compared these ratios with past years ratios to find out whether or not the company is on the right path. Based on these ratios we have tried to suggest what the company could do to improve its condition. Some of these ratios are Activity Ratios, Profitability Ratios and solvency ratios. These ratios represent a true picture of the company which solitary figures could not exhibit. In the end we have conclude our report with appendices and various interesting findings about the companies under analysis. Berklee Limited is one of the premier companies operating in Australia. The company was formed by Mr. Adrian Van Berkel in 1963. The company was an immediate success and it was converted into a limited company by 1966. Later, the company was converted into a Public Limited company in 1989 and provided secure investment opportunities to thousands of Australians. Since then, this group has never looked backed and is growing in strength every day. The Principal activities of this group include manufacturing of automotive mufflers and various kinds of exhausts. The company manufactures its products in a fully-automated plant located near Victoria. From this plant, the products are dispatched to the distributors upon completion. Berklee has a unique selling point as its products are sold throughout Australia. This is made possible by the use of its strong distribution network, which has an outreach in every singly city of Australia. 2001 – Present: Mr. Edward Van Berkel, with his dynamic leadership and far-sighted vision, diversified the operation of the company to tube-bending and other automotive products. Since his take over as the managing director, the company has also been managed to achieve ISO Quality Standards and other certificates. The