APDM Speech or Presentation Example | Topics and Well Written Essays - 500 words

APDM - Speech or Presentation Example For better understanding about the financial position of the APDM, a brief financial analysis of the company has been made below The statement of comprehensive income for the year ended 2011 shoes that the company made net income $681,780.88. According to the company’s account the main source of income include the general services, technical assistance and the clinical data management service of the company. On the other side, a material amount $172,804 has been given to customers as a discount. The company has incurred the cost of $364,658.85 against all their Net income from all sources. The company has made the gross profit of $317,122.03 with a gross profit ratio of 46.5% in year 2011. On the side of expenses, APDM incurred a huge amount of expenses in 2011. Expense figure include the large amount of Research and development expenses in it. This means that, APDM attribute major portion of their finance on research and development to develop the new technologies. The company’s account shows the expense figure of $325,816.45 after including all operations and administration expenses. This figu re covered almost all the gross profit’s figure that’s why company made the net loss of $8,694.19 at end of financial year. In accordance with above analysis, there are many recommendations that the APDM consider in managing its finances. It can clearly be seen that in the income statement analysis, the company has incurred the huge amount of expenses in year 2012. APDM should investigate that, is all the expense incurred in proper manner? On the other side, the expenses include the large portion of Research and development expenses. It is the indication that the company is trying to win the race form its competitors through developing new technologies. In addition, APDM should also investigate these figures due to their material nature. In addition, APDM can also avoid any of adverse situations by taking these measures. If the company was

What Drives Chinese Into Buying Luxury Goods in the 21st Century Essay

What Drives Chinese Into Buying Luxury Goods in the 21st Century - Essay Example Chinese consumers buy the products within China and also from other countries as tourists. A rapidly growing upper and middle class are seen as bent on enhancing their individuality by buying luxury goods, according to a report from McKinsey&Co (2011). China has been reported to have already overtaken the United States and Japan in terms of luxury items purchases (Vickers & Renand, 2003). China has worked hard to achieve economic prosperity, producing current generations of millionaires. Accordingly, this generation has been spending a large amount in the luxury market day by day and Chinese are becoming more dynamic and active buyers in the market (Lu, 2012). China has emerged as the biggest purchaser of luxury goods in the world market. Chinese consumers are showing considerable interest in buying luxury goods these days, and this has not been left unnoticed by the global luxury market (Frank, 2013). The United States, Japan, and Europe, who have been the top consumers of luxury goods, are indeed quite surprised with the growing appetite of Chinese for luxury items. Nearly all Chinese visiting Paris have bought expensive bags without looking at its price tags. They are also buying other luxury items like goggles, cars, shoes, and many others. Luxury goods refer to all those branded products unreachable by ordinary people. The rich and senior citizens comprise the bulk of overseas luxury buyers and item collectors. To them, luxury items are products of cultural essence, and obtaining them means owning a piece of culture. There are three groups in China buying luxury goods: those who are considered as spectacularly rich, the young urban professionals and people who want to gain some sense of satisfaction, and some shady characters composed of blackmailers or illegal groups who have smuggled luxurious goods into the country. China’s growing