The Current Challenging Global Economic Environment Essay

The United States economy is racing ahead at dangerous speeds, and it may be too late to prevent the return of widespread inflation. Ideally the economy should move ahead gradually and grow at a steady manageable rate. Mae West once stated “Too much of a good thing can be wonderful” and it seems the U.S. Treasury Secretary agrees. The Secretary announced that due to our increasing surplus and booming economy, instead of having an outsized tax cut, we should use the surplus to further pay down the national debt. A tax cut, though most Americans would favor it initially, would prove counter productive. Cutting taxes would over stimulate an already raging economy, and enhance the possibilities of an

In this task I’m going to analyse the figures on cash flow that I created in P3 and justify why you think the business might have problems also provide range of solutions.

As companies compete in a global market, several challenges are prevalent. As the business world becomes globalized, more companies and corporations frequently encounter dilemmas based on differences in world and cultural views. The dynamic of cutting overhead cost for companies is no longer limited to products. It has now evolved over time to

The news mediums, television, radio, print, or social media give information 24-hours a day regarding the economy. Individuals are not so sure about the reports issued on almost an hourly basis that are stating the economy of United States is improving. Many Americans are still without jobs, and do not believe their income can continue to support their families. The cost of purchasing a home is going up in many areas across the country, which is good for the market, but can be bad for the first time homebuyer. Unemployment, expectations, consumer income, interest rates are economic factors that influence individuals behavior and the United States fiscal policy.

Prior to the 1900s the U.S. Economy had just began to rebuild after The Great Depression, one of the worst financial crisis the country has ever seen. America was very fragile at the time, and upon rebuilding their economy, many changes were made to ensure that something like this would never happen again. Therefore, social control changed in the U.S. during the early 1900s to ensure a better economic future, by pioneers overtaking business with a whole new modernized business model, “out with the old, in with the new.”

Rapid cash collections are indicative of high turnover; however, loss of customers to rival firms and tight credit levels arise from extremely high accounts receivable turnover level, (Horngren, 2013, p. 805).The accounts receivable turnover for Harry Jones in 2014 was 7.93 times. This figure decreased to 5.63 times in 2015. Both figures are less than the industry average of 9 times. Low inventory turnover levels might be attributed to reduced accounts receivable turnover levels throughout both 2014 and 2015. Inventory levels can be increased in the future to achieve higher accounts receivable turnover, (Horngren, 2013, p. 805).

The accounts receivable is on part of the revenue cycle within a healthcare organization. Accounts receivable is defined as the revenue that patients and third parties owe the organization for services that have been provided (Nowicki, 2015). Obtaining demographic information, insurance data, verifying insurance coverage, acquiring deductibles and copayments, receiving authorizations, recording charges, printing and submitting bills, following up with patients about payment, and collecting payment are some of the activities within the accounts receivable cycle (Nowicki, 2015). The revenue cycle utilizes a multidisciplinary system to decrease amounts within accounts receivable by managing the payment cycles (Nowicki, 2015). Some of the management

In chapter 4, Singer offers another approach to increase donations that aligns well with the mechanisms of the modern global economy. He states that effective altruists often consider taking a job within a high-paying field, most notably corporate and finance. His reasoning is that the earning more can help you donate more (Singer, 2015, p. 39). By earning money at a faster rate, you can afford to give larger donations to effective charities. It may seem like a simple approach at first, but it is important to consider that the jobs with the highest pay are often found in industries that are worsening the plight of the poor through exploitation and unfair business practices. How much good is actually being done then, if in the process one is actually putting down the people one is attempting to uplift? In other words, earning more to give more might not seem like a moral decision as it drives inequality in the capitalistic society we live in today.

First, the percentage of receivables method, also known as the balance sheet method, will be discussed. This method derives its name from the fact that a balance sheet account is used to estimate the percentage of uncollectible receivables. Even though the estimate comes from the accounts receivable account, two methods are used to establish the estimated amount used. One way is to use a certain percentage of the entire accounts receivable balance based on past experience of what has historically been collected. The second common way to arrive at the estimated amount is to base it on the aging schedule. For example, one percentage amount would be used for current billings, a second percentage amount would be used for amounts that are over 30 days but less

The Global Financial Crisis, also known as The Great Recession, broke out in the United States of America in the middle of 2007 and continued on until 2008. There were many factors that contributed to the cause of The Global Financial Crisis and many effects that emerged, because the impact it had on the financial system. The Global Financial Crisis started because of house market crash in 2007. There were many factors that contributed to the housing market crash in 2007. These factors included: subprime mortgages, the housing bubble, and government policies and regulations. The factors were a result of poor financial investments and high risk gambling, which slumped down interest rates and price of many assets. Government policies and regulations were made in order to attempt to solve the crises that emerged; instead the government policies made backfired and escalated the problem even further.

Another strategy commonly used is 'Discounts for the early payments', This is where a business may offer discounts to account customers for the early payment of their accounts to speed up cash inflow. This discount may be a little as 2-5%, but shows effective in terms of cash inflow as it gives incentive for the customers, Giving both the customer and business a gain in the financial situation. Other incentives for early payment could include small gifts and discounts on future orders that the customers may have. The business then may shorten the credit terms it allows for account customers. Thus Reducing the number of days that a customer can take to pay its invoice, this will speed up cash inflow into the business as it recieves cash from its sales much sooner.

In 2008, the world experienced a tremendous financial crisis which is rooted from the U.S housing market. Moreover, it is considered by many economists as one of the worst recessions since the Great Depression in 1930s. After bringing a huge effect on the U.S economy, the financial crisis expanded to Europe and the rest of the world. It ruined economies, crumble financial corporations and impoverished individual lives. For example, the financial crisis has resulted in the collapse of massive financial institutions such as Fannie Mae, Freddie Mac, Lehman Brothers and AIG. These collapses not only influenced own countries but also international scale. Hence, the intervention of governments by changing and expanding the monetary

Apple Inc. was founded in 1977. To date, this company has continually offered a wide range of products to meet the growing demands of customers all over the world. Apple not only produces and sells computer software and cellphones; they also distribute consumer electronic products around the globe. Increasing the value of shareholder and coming up with new inventive products is a constant process for Apple, and Apple continues to do so with their popularity around the world with about 301 store locations in 10 different countries. Aside from all of

The global economic environment has become more interlinked in the 21st century than ever before because more business enterprises have realized the importance of having trade relations within and outside their countries. Several prevailing factors that have a direct impact on the global economy influence greatly how the world business environment is likely to be at any given time (Harrison, 2010). This paper will examine the influence of factors on world economy. It will also examine how these factors shape global economic environment.

In investigating the flow of goods and services across borders and the international economy as a whole it’s necessary to not only observe the economic factors that drives such flows but also the political aspects as well. Despite the relatively free flow of capital, goods, and services that benefit the global economy today, this has only been a recent development. Prior to the late twentieth century high tariffs and low quotas were prevalent throughout the developed world. Though such policies have changed throughout the centuries the notion that governments are in control of their states economic policies persists to this day. Because governments have the final word on how private entities that are registered within their borders can