Hellenic Community Trust Investment Proposal

Hellenic Community Trust Investment Proposal Context Hellenic Community Trust was incorporated in 1991. It is a charitable company whose main activity is providing a community center with recreational and leisure facilities. In addition, the company also provides public education on the traditions, culture, religion and history of the Hellenic community. The company is also involved in numerous activities to generate income.Advertising We will write a custom proposal sample on Hellenic Community Trust: Investment Proposal specifically for you for only $16.05 $11/page Learn More As a charitable company, it is required by law to provide financial reports at least after every year and send the report if income exceeded  £ 25,000. The trust has conducted a financial analysis. In this analysis, all the projects, activities and financial related entities of the company were evaluated. This analysis was conducted to determine the stability of all the financial entities of the organization and to establish w hether they are sufficiently profitable for investment. The statements of focus during the analysis included changes in equities, cash flow, financial position, and income. Such an analysis is different from the financial reporting because the evaluation is conducted on more than one financial report and analyses the state of finances in the company within a broad period of time. This is unlike reports that are done annually, semi annually, or quarterly. In addition, the financial evaluation also constituted an analysis of the industry. The need for investment The need for investment is based on the outcome of the financial analysis conducted using the financial statements of the company within a five year period. From the analysis a conclusive financial position of the company in terms of liquidity and profitability was established. Hellenic Community Trust generates its income from both unrestricted and restricted funds. This includes income from charitable activities and other fu nd generating activities that the company is involved in. The income generating activities contribute to approximately seventy percent of the entire income of the organization on annual basis, while the remaining percentage comes from charitable activities. This implies that unrestricted resources generate much income compared to restricted resource. Each and every year since 2006 there has been a substantial change in incoming resources. However, from 2008 the company has witnessed a decrease in the net income resources. Unlike other businesses, the company’s capital structure is not made up of debt and equity financing. Even though the company has experienced growth in its accumulated funds, the increase rate has been declining after every year.Advertising Looking for proposal on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The lowest was in 2010 when it recorded 1.4 percent increase in accumulated f und. If the trend perpetuates for another one or two years, most likely the funds that the company accumulates will only be concentrated on its operations. Further continuation of this trend would imply that the company eventually will fail to be self sustaining. Since 2008, the company’s net income resources, has been on the decline which is a direct reflection of the decline in accumulated funds. There is however, no substantial investment that Hellenic Community Trust has engaged in to account for the decline. This therefore is the reason why there is need for the company to make investments in order to increase its net income earning. Similarly, the company has been experiencing a big liquidity ratio giving the implication that the company’s depriving state is likely to continue for a long a time. In order to prevent this prediction from happening, there is a need to begin investing the company’s cash on liquid assets. Costing and best value From the financi al analysis conducted, the company is very liquid. This is not determined by the reduced profits experienced within the five year period. The company is in a perfect position to be able to give good returns for any investment done on short term basis. Most of the assets of the company are held in form of liquidity or cash and therefore are in the hands of financial institutions. The main reason for the high liquidity ration of the company is because of its nature. Its main income generating activities is organization and planning of events. Other than that, it is also a charitable company that receives donations from sponsors. The sponsors and trustees have expressed confidence with the future of the company since there are no uncertainties that would cause a significant doubt in the company’s potential to grow in the future. There is also no intention by the sponsors to consider a cessation of the company’s operations based on the previous decline in profitability. Ho wever due to the high ration of liquidity, the company is in a good position to invests its money in financial assets. Failure to invest the money, the company will continue to witness a depriving situation and decline in its profitability.Advertising We will write a custom proposal sample on Hellenic Community Trust: Investment Proposal specifically for you for only $16.05 $11/page Learn More The company management and the trustees have resorted to ensuring that the liquidity ratio is reduced. The reason for this is to be self sustaining. Even though Hellenic Community Trust is a charitable organization, it has the capability of being self sustaining based on the nature of its activities and its operation. Predicted impact on cash flow The investment on liquid assets by the company is likely to cause a positive impact in relation of cash flow. The investment is expected to increase the operating cash flow of the company. Once the operating cash flow is inc reased then the investors and trustees can be guaranteed good returns in their stock. The interest gained on the investment in liquidity assets is part of the cash flow. This interest shall be adjusted for depreciations, receivables and liabilities. The company does not have numerous fixed assets and as a result, asset depreciation is not expected to occur. This also increases the chances of the company to grow in its net earnings by elimination of the effects of asset depreciation. Using cash flow, it will also be possible to identify any earnings before interest and before taxation. In this way, evaluating the profitability of the company will be based on its working capital. With the increased cash flow, then the company can be able to calculate several financial related parameters that are relevant to the investors. Net present value calculation for payback The net present value is the worth of the company’s cash flow within specific series of time. The cash flow entails both incoming and outgoing cash of a specific financial entity. In the future, the company is expected to have incoming cash flow in the form of interests earned from the investment on liquid assets, donations from the trustees and sponsors, and income from the fund generating activities. Cash inflow from restricted funds of the company is going to be from donations such as from the David memorial fund, equipment and piano fund, furniture fund and other earmarked fund. Outgoing cash flow is mainly on the operation cost of the company. This includes the cost of employing all the permanent and part time administration staff, premises cost, administrative cost and depreciation of the fixed assets. The organization does not pay salaries to the trustees since they all are aware that the organization is charitable and therefore their working condition is on voluntary terms.Advertising Looking for proposal on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Each of the cash flow items has to be summed up and the net present value calculated as a total of all the terms. Therefore the time of the cash flow for this investment will be zero. The total amount of cash outflow for the company invested within a period of time is 3,851,143 sterling pounds. If this money is calculated at a discounted rate of 10 percent then the net present value will be 3,851,143/ ( 1 + 0.1)0 =  £ 3,851,143 This can be calculated on yearly basis by making t=1, 2, 3†¦ For instance, if the company net value per year is  £ 105,484 then the present net value for the first year will be 105484/ (1+0.1)1 =  £95894 For the second, the present net value will be 105484/ (1+0.1)2 = 87176.85 For the subsequent years, the value for t only changes corresponding to the year number. The stock current yield is a good scale for measuring the dividend income. It is calculated by dividing the annual dividend per share by the stock’s price per share. For instance , if the stock price of one share is  £ 53 while the dividend is  £2. This therefore implies that the stock current yield will be: 2/ 53 = 0.037778, which is equivalent to 0.04 = the stock current yield is 4%. The capital gains yield is subtracting the beginning price from the end price and then dividing the result by the beginning price. The capital gains yield therefore is (53 – 50)/ 50 = 0.06 Finally, the return is the total yield, which is calculated by addition of the current stock yield to the capital gains yield. The return is therefore 0.04 + 0.06 = 0.1. The return is 10%. References Adams, D. (2006). Management Accounting for the Hospitality, Tourism and Leisure.  Massachusetts: Thompson Press. Atkinson, H., Berry, A., Jarvis, R. (1995). Business Accounting for Hospitality and.  New York: Thompson. Butterworth, B. (2009). Management and the Arts. Massachusetts: Focal Press. Kotas, R. (1999). Management Accounting for Hospitality and Tourism. London: Internat ional Thomson Business Press. Wiley, G. (1998). Accounting for Hospitality, Tourism and Leisure. London: Pearson.

Life of Konstantin Tsiolkovsky, Rocket Science Pioneer

Life of Konstantin Tsiolkovsky, Rocket Science Pioneer Konstantin E. Tsiolkovsky (September 17, 1857 –  September 19, 1935) was a scientist, mathematician, and theoretician whose work became the basis for the development of rocket science in the Soviet Union. During his lifetime, he speculated about the possibility of sending people into space. Inspired by science fiction writer Jules Verne and his stories of space travel,  Tsiolkovsky became known as the father of rocket science and dynamics whose work directly led to his countrys involvement in the space race. Early Years Konstantin Eduardovich Tsiolkovsky was born on September 17, 1857 in Ishevskoye, Russia. His parents were Polish; they raised  17 children in the harsh environment of Siberia. They recognized the young Konstantins great interest in science, even as he suffered an attack of scarlet fever at the age of 10. This illness took away his hearing, and his formal schooling came to an end for a while, although he continued to learn by reading at home. Eventually, Tsiolkovsky was able to gain enough education to start college in Moscow. He finished his education and qualified to become a teacher, working in a school in a town called Borovsk. That is where he married Varvara Sokolova. Together, they raised two children, Ignaty and Lyubov. He spent much of his life living in Kaluga, a small village near Moscow. Developing the Principles of Rocketry Tsiokovsky began his development of rocketry by considering philosophical principles of flight. Over the course of his career, he ultimately wrote more than 400 papers on that and related subjects. His first works began in the late 1800s when he wrote a paper called Theory of Gases. In it, he examined the kinetics of gases, and then went on to study the theories of flight, aerodynamics, and the technical requirements for airships and other vehicles. Tsiokovsky continued exploring a variety of flight issues, and in 1903, he published The Exploration of Cosmic Space by Means of Reaction Devices. His calculations for achieving orbit, along with designs for rocket craft set the stage for later developments. He focused on specifics of rocket flight, and his rocket equation related the change in velocity for a rocket to the effective exhaust velocity (that is, how fast the rocket goes per unit of fuel it consumes). This came to be known as the specific impulse. It also takes into account the mass of the rocket at the beginning of launch and its mass when the launch is finished. He went on to work on solving problems in rocket flight, focusing on the role of rocket fuel in lofting a vehicle to space. He published the second part to his earlier work, where he discussed the effort a rocket must expend to overcome the force of gravity. Tsiolkovsky stopped working on astronautics prior to World War I and spent the post-war years teaching mathematics. He was honored for his earlier work on astronautics by the newly formed Soviet government, which supplied backing for his continued research. Konstantin Tsiolkovsky died in 1935 and all his papers became the property of the Soviet state. For a while, they remained a closely guarded state secret. Nonetheless, his work influenced a generation of rocket scientists around the world. Tsiolkovskys Legacy In addition to his theoretical work, Konstantin Tsiolkovsky developed aerodynamics test systems and studied the mechanics of flight. His papers covered aspects of dirigible design and flight, as well as the development of powered airplanes with light fuselages. Thanks to his deep research into principles of rocket flight, he has long been considered the father of rocket science and dynamics. Ideas based on his work informed later achievements by such well-known Soviet rocket experts as Sergei Korolev  - an aircraft designer who became the chief rocket engineer for the Soviet Unions space efforts. The rocket engineer designer Valentin Glushko was also a follower of his work, and later in the early 20th century,  German rocket expert Hermann Oberth was influenced by his research. Tsiolkovsky is also often cited as the developer of astronautic theory. This body of work deals with the physics of navigation in space. To develop that, he carefully considered the types of masses that could be delivered to space, the conditions they would face in orbit, and how both rockets and astronauts would survive in the conditions of low Earth orbit. Without his painstaking research and writing, its quite likely that modern aeronautics and astronautics would not have advanced as fast as it did. Along with Hermann Oberth and Robert H. Goddard, Konstantin Tsiolkovsky is considered one of the three fathers of modern rocketry. Honors and Recognition Konstantin Tsiolkovsky was honored during his lifetime by the Soviet government, which elected him to the Socialist Academy in 1913. A monument to the Conquerors of Space in Moscow contains a statue of him. A crater on the Moon is named for him, and among other more modern honors, there was a Google Doodle created to honor his legacy. He was also honored on a commemorative coin in 1987. Konstantin Tsiolkovsky Fast Facts Full Name: Konstantin  Eduoardovich TsiolkovskyOccupation: Researcher and theorist  Born: Sept. 17, 1857 in  Izhevskoye, Russian EmpireParents: Eduoard Tsiolkovsky, mother: name not knownDied: September 19, 1935 in  Kaluka, Former Soviet UnionEducation: self-educated, became a teacher; attended college in Moscow.Key Publications: Investigations of Outer Space by Rocket Devices  (1911), Aims of Astronauts (1914)Spouses Name: Varvara SokolovaChildren: Ignaty (son); Lyubov (daughter)Research Area: Principles of aeronautics and astronautics Sources Dunbar, Brian. â€Å"Konstantin E. Tsiolkovsky.† NASA, NASA, 5 June 2013, www.nasa.gov/audience/foreducators/rocketry/home/konstantin-tsiolkovsky.html.European Space Agency, Konstantin Tsiolkovsky. ESA, 22 October 2004, esa.int/Our_Activities/Human_Spaceflight/Exploration/Konstantin_TsiolkovskyPetersen, C.C. Space Exploration: Past, Present, Future. Amberley Books, England, 2017.