^^Glamorous^^

Economy essay

2009-02-08T10:03:00.000-08:00

How does snow effect British economy?

Recently Britain has suffered almost a billion pounds loss. This happened because of the snow. The main point of this essay is to explore the reasons why the problem of snow was greater than expected. We shall look through the problems of the weather change and the effect it made on the economy by going through such aspects as: workers were forced to miss work, additional expenditure on getting the snow out of the streets, financial aid giving to elder people, and other expenditures

Demand of some firms such as cafes, restaurant, shops which sales winter seasonal clothes, cleaning companies which have snow cleaning machines and private doctors was increased because people prefer spending their money in warm cosy atmosphere. There are some positive externalities like children can play snowballs, creating snowman and sledging (fun for children). Also there will be more tourists who want to take pictures.

As I was mention before many workers couldn’t get to their job. Most of the schools were closed, because teachers couldn’t get to work. it causes negative externalities like different diseases/headaches for young/old population. Canceling railways, car, buses and airplane departures, so people couldn't get to their places on time. Snow also causes traffic jams, car crashes. So businesses such as Insurance, Finance and other businesses located in the center of London suffered greatly from problems with transport. The whole stock exchange has faced reduced activity and FTSE(financial times stock exchange) 300 has went down.

Long term effect of school closures might effect overall quality of future labour. This in

turn might slow down potential growth of the economy and make the country uncompetitive.

In conclusion the overall effects of severe weather conditions has further damaged UK's economy already affected by global financial crisis.

Exchange rate in Kazakhstan

2009-02-04T04:37:00.000-08:00

About 2 hours ago I received an important call, from my friend, about exchange rate in Kazakhstan. So 10 hours ago current rate of dollar was:

120 tenge - 1 dollar. but now it's 160 tenge per dollar

For compare I put some more information:

10 hours ago

1 USD - 120 Kzt, where USD - United State dollar, Kzt - kazakhstan tenge

1 Euro - 160 kzt

1 GBP - 179 kzt, where GBP is great Britain pound(who didn't know yet =-./ )

Now:

1 USD - 160 Kzt

1 Euro - 196 Kzt

1 GBP - 170 Kzt

We can see huge difference in numbers.

I hope that I counted correctly:

Change in percentage:

USD grow up by 25%

Euro 18% up

GBP 5% down

Please correct me, if I'm not correct.

Btw(by the way) I'm predicting that this rate of currency exchange will hold for 2 weeks...

Thanks for reading my blog!

Asking for help!

2009-01-28T19:09:00.000-08:00

Every time, when I opening my blog, I'm always thinking about how to switch language on this ... blog.

Who can help me, and show me how to switch it?

I'm still don't know what i have to write about...

2009-01-28T18:14:00.001-08:00

I listened to a http://podcast.ft.com/ podcast. So I don't to write all this down, but I will just wright that is all about job losing insurance)))

2nd statement

2009-01-19T15:00:00.000-08:00

I don't know what i have to write about, so i will wright about something... which connected with business studies:)

So... my business idea is to create and sell special! Unique glasses with different brands for observing the eclipse!! I know it sounds crazy, but imagine, that during eclipse everybody will have a try and look at it, instead of playing computers game or watching porn and masturbating.

price: 1000£

quantity: 10000 items

Yeah! returning!

2009-01-19T13:45:00.000-08:00

I finally returned to blog! I returned even didn't started yet! I'm AuSOME!!!

So it was first statement, wish m good luck in this term, because i will continue blogging everyday... =-/

bla bla bla

2008-11-16T20:28:00.001-08:00

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The Internet is for... business studies:)

2008-11-16T13:55:00.000-08:00

Site

2008-11-09T06:50:00.000-08:00

I CREATED SITE, SO YOU CAN SEE IT ON http://Dinmukhamedalijandos.synthasite.com

gOOd LUCK:P I HOPE YOU WILL LIKE IT

Copied from www.businessdictionary.com

2008-10-15T17:17:00.000-07:00

Budgetary Control (Budjetniy control) – Methodical control of an organization's operations through establishment of standards and targets regarding income and expenditure, and a continuous monitoring and adjustment of performance against them.

Cash flow(Denezhni oborot) – is the balance of the amounts of cash being received and paid by a business during a defined period of time, sometimes tied to a specific project. Measurement of cash flow can be used

Cash flow Forecast (prognoz potoka nalichnosti)Estimate of the timing and amounts of cash inflows and outflows over a specific period (usually one year). A cash flow forecast shows if a firm needs to borrow, how much, when, and how it will repay the loan. Also called cash flow budget or cash flow projection.

Contribution(vklad) - Distinctly identifiable department, division, or unit of firm whose managers are responsible for its all associated costs and for ensuring adherence to its cost-budgets. Also called cost pool. See also profit center and revenue center

Factoring (factoring)- Short-term, non-bank financing of accounts-receivable. It is of four main types: (1) In maturity factoring (also called service factoring), the factor maintains the seller's sales ledger, controls credit, follows up on the payments, and pays the amount (after deducting a commission) of each invoice as it falls due, whether or not the payment was collected. (2) In finance factoring, the factor (called the financing factor) advances funds to a producer or a manufacturing firm, on the security of produce or goods that will be produced or manufactured utilizing those funds. (3) In discount factoring (also called service plus finance factoring) the factor advances a percentage (usually between 70 to 85 percent of the value of accounts receivable) to the seller on a non-recourse basis and assumes the full responsibility of collecting the debts. (4) In undisclosed factoring, a factor buys the goods from a primary party (producer, manufacturer, or seller) and then appoints the same party as its agent to resell those goods and to collect the payments. This arrangement prevents the disclosure that goods are being sold under a factoring agreement. The undisclosed factor, as in all other types of factoring, remains liable for uncollectible payments. Factoring is a type of 'off balance sheet financing.' See also discounting of accounts receivable and forfaiting.

Fixed costs(fixirovanaya cena) - Periodic cost that remains (more or less) unchanged irrespective of the output level or sales revenue of a firm, such as depreciation, insurance, interest, rent, salaries, and wages.

Ordinary share capital(obichnaya dola capitala) - Invested money that, in contrast to debt capital, is not repaid to the investors in the normal course of business. It represents the risk capital staked by the owners through purchase of the firm's common stock (ordinary shares). Its value is computed by estimating the current market value of everything owned by the firm from which the total of all liabilities is subtracted. On the balance sheet of the firm, equity capital is listed as stockholders' equity or owners' equity. Also called equity financing or share capital.

Overdraft(kredit po tekushemu shetu) - Loan arrangement under which a bank extends credit up to a maximum amount (called overdraft limit) against which a current (checking) account customer can write checks or make withdrawals. The most common form of business borrowing, an overdraft is a type of revolving loan where deposits (credits) are available for re-borrowing, and interest is charged only on the daily overdraft (debit) balance. It is, however, also a demand loan: the facility can be cancelled (and entire outstanding amount 'called') at any time by the lender at its discretion, without any warning notice or explanation. If the overdraft is secured by an asset or property, the lender has the right to foreclose on the collateral in case the account holder does not pay. Calls happen usually where the (1) borrower's credit rating falls, (2) lender has reason to believe the borrower may go into default, or (3) borrower has not 'revolved' the overdraft in a satisfactory manner and has turned it into a hardcore debt. An overdraft is approved only for a fixed period (usually one year) after which it is must be renegotiated. In the US practice (where it is called line of credit or credit Line), the borrower is often required to maintain 10 to 20 percent of the approved overdraft limit as cash balance in the account, and must demonstrate its continuing financial health by managing without the overdraft for a one or two-month period (called cleanup period).

Profit(vigoda) - Best known measure of the success of an enterprise, it is the surplus remaining after total costs are deducted from total revenue, and the basis on which tax is computed and dividend is paid. Profit is reflected in reduction in liabilities, increase in assets, and/or increase in owners' equity. It furnishes resources for investing in future operations, and its absence may result in the extinction of the firm. As an indicator of comparative performance, however, it is less valuable than return on investment (ROI). In economics, total costs must include a cost to cover the normal profit for the firm. Also called earnings, gain, or income.

Profit centre(center pribili) - Distinctly identifiable department or unit that contributes to the overall financial results of a firm. Where adequate cost accounting systems are in place, profit centers are given responsibility to target certain percentages of the total revenue and are given adequate authority to control their costs to achieve those targets. See also cost center and revenue center.

Safet margin(zapas prochnosti)

Eh. it my first blog!

2008-10-14T11:57:00.000-07:00

In my first blog i want to type ''something' a lot of ''something''!!!
''something''''something''''something''''something''''something''''something''''something''''something''''something''''something''''something''''something''''something''''something''''something''''something''''something''''something''''something''''something''''something''''something''''something''''something''''something''''something''''something''''something''''something''