Baby Boomer Generation Essay Example | Topics and Well Written Essays - 1250 words

Baby Boomer Generation - Essay Example Furthermore, this paper aims to elaborate on the impact of the generation on American culture and future prospects for baby boomers. The baby boomer generation is defined as a legion composed of those who were born between the years of 1946 and 1964. The term "baby boom" was coined as this period is characterized by the dramatic escalation of population in the United States (US) and in other countries as well (Gianoulis). To illustrate this, the chart below exhibits how the number of infants born skyrocketed within this era. The escalation in birth rate is attributed to economic prosperity experienced after World War II as the US became a major exporter of goods required for rebuilding war-torn countries. As such, the US posted robust economic growth within the period (Gillon). Aside from this, the rise in population is also ascribed to the uncertainties resulting from the war that impelled many young couples to take advantage of the opportunity to get married and build families (Gianoulis). The baby boomer stereotype is depicted as someone white belonging to the middle-class, who grew up in the suburbs (Gianoulis). Given the suburban life led by these white, middle-class baby boomers, which is labeled as dull, conventional and secure, many resorted to rebellion. This attitude that stems from the secure predictability of suburban life and hypocrisy of the perfect family myth painted by society became a trademark of the baby boomers. They have been taught to think critically by questioning. In line with this, they perceived themselves as the generation built not to obey the rules of society, instead they exist to justify and push for change on prevailing socio-political structures. ("Boomer Generation") This led to the flourishing of movements aiming for improvements. For instance, the civil rights movement of African Americans Headed by Dr Martin Luther King, Jr. gained ground in the early 1960s as baby boomers regardless of race rallied for justice and equal rights for black minority. This resulted in the enactment of the Civil Rights Act, as proposed by President John F. Kennedy before his assassination, which prohibited segregation in public accommodations and discrimination in education and employment. ("Boomer Generation") To further prove their rebellious nature, the baby boomers also protested against the Vietnam War. Similarly, thousands of baby boomers passionately rallied against the war since it was them who were of draft age. Many of them refused to go to battle in an unknown land for an ambiguous cause. With this, students held demonstrations and took over buildings at school campuses to protest the unjustness of the war. Draft cards were also burned to express rage over forced conscription. (Gianoulis) Due to the prevailing gender discrimination in the society then, women's liberation movement was also launched. In the same way, gay liberation movements were organized to protest the social stigma homosexuals are subjected to. (Gianoulis) It should be highlighted that although there is a common characteristic binding the generation, there are also myriad differences among them that render making generalizations about this generation very difficult. To account for the difference, the baby boomer population is divided into two groups, namely the Boomers and Shadow Boomers. The former

Financial Reporting and Analysis Essay Example | Topics and Well Written Essays - 1000 words - 1

Financial Reporting and Analysis - Essay Example These spreadsheets should be common-sized and the figures compared to the company. The Balance Sheet helps to plot company's next year's profitability and what company's future business wealth will be by evaluating company's present year's Balance Sheet, and comparing with last year. To improve company's financial performance, the company needs to evaluate the major Balance Sheet components - Assets, Liabilities, and Equity. The company owns assets, such as cash, equipment, and property, to increase the company 's business profitability and future wealth. Return on Assets (ROA) compares Net Income and Total Assets to show how much income has been generated worth of the company's assets. The company's assets can be improved by evaluating each asset category to identify room for improvement and to manage company's inventory and collect accounts receivable better and faster. The important thing to remember for loan consideration is that if company's business experiences large variances in assets during last two year, ROA is to be calculated using an average of the assets over the period being evaluated When purchased, inventory is an asset recorded on the Balance Sheet. ... Managing Inventory Company's business manages inventory has an impact on both profits and cash flow. When purchased, inventory is an asset recorded on the Balance Sheet. At any given time, assuming a customer wants it, company can sell inventory to regain cash. One way to evaluate how well inventory is being managed is to look at the Inventory Turnover ratio. This ratio tells how many times the average level of inventory is sold, or turns over, during the year. The ratio should be used to compare company's own trends and to compare to the industry's averages. High turnover is generally good. High turnover, however, may also indicate that there is not enough merchandise, and sales are being lost. The important thing to remember is that if companion's business experiences large variances in inventory during the year, calculate Inventory Turnover using an average of the inventory over the period being evaluated Collecting Accounts Receivable Accounts Receivable describes money due from customers for products or services already sold.Liabilities Liabilities have an important supporting role that is vital to the creation of a healthy cash flow. The more cash a company has and the longer it can hold on to it, the better. One way to secure more cash and other assets is through the proper use of Liabilities. Liabilities are categorized as either short-term or long-term debts, called Current or Long-Term Liabilities Current Liabilities Current Liabilities are bills or loan payments due within the next business cycle, usually a year. The primary Current Liabilities are Accounts Payable, Accrued Expenses, and Short-Term Notes Payable. Several ratios, called Liquidity ratios, are used to measure a company's ability to pay its short-term bills, also called