Avnet Inc Essay - 2750 Words

Avnet Inc (Essay Sample) Content: AVNET, INCName:Institution:DateAVNET, INCAvnet Inc is a leading distributor of electronic components in several parts of the world. It is a kind of Business to Business technological firm. It majorly sells electronic components from different manufacturers and at the same time offering design services on engineering. Avnetà ¢Ã¢â€š ¬s cash flow shows in and out movement of cash in the firm as a form of payments to the firmà ¢Ã¢â€š ¬s suppliers and revenues collected from the firmà ¢Ã¢â€š ¬s customers. It cash flow generally arises from three sources, investing, operating and financing activities. Movements of cash through operations includes current assets and liabilities, movement of cash through investing, property, plant and equipments and while the movement for cash for financing involves dividends and long-term financing of the firm (Friedlob, 1995). The cash flow of Avnet is essential to the firm in terms of liquidity checks and the business ability to meet it s obligations as they arise. "According to Bradley, a specialist in corporate finance, the statement of cash flow is very essential in portraying the image of the business." He had posted it publication on Avnet website, , after going through the firm records during a recent public training audit training exercise. Preparing a summary of analysis from consolidated statement of cash flows of Avnet for a period of three years, 2007, 2006 and 2005, can be covered by analyzing its cash flows from operating activities, cash inflows and cash outflows for the three years (American Institute of Certified Public Accountants, 1962).PART 1Avnet analysis of cash flow from operating activities:The firmà ¢Ã¢â€š ¬s cash flows from operations are normally generated from the businessà ¢Ã¢â€š ¬s normal activities which are part of the general routine of the firm. These activities normally entails cash that has been received and collected from the sale of goods and services, payments made to the sup pliers, employees of the firm, taxes and interest payments and cash received from earnings on investments in firmà ¢Ã¢â€š ¬s securities such as interest and dividends. For the Avnet firm case it is important to note the negative cash flow ($19,114 thousands) in the year 2006 from its operations. It is also important to note that the firm had reported a positive net income of ($204,547 thousands) in the same year 2006 it had a negative cash flow from it operating activities. The negative cash flow from the operations could have possible have resulted from the Avnetà ¢Ã¢â€š ¬s Receivables, Inventories and Accrued expenses and other net accounts of the firm. Compared to the other two years, 2007 and 2005 the firm had reported a higher number of Accrued expenses ($125,843) compared to ($60,321) of 2007 and ($45,380) of 2005. Accrued expenses are current liabilities to the firm of previous unpaid expenses that have summed up to the current financial period. The increases in these firmà ƒ ¢Ã¢â€š ¬s accounts could also have resulted from the expansion policies of Avnet Inc put in place by the management towards meeting the organizational objectives. Firmà ¢Ã¢â€š ¬s inventory, accounts receivables and accounts payable can be well calculated and explained from the organizations income statement and statement of financial position for a said financial period of the firm.Avnet Inc presents its operation section of the cash flow in an indirect format that begins with accrued net income and adjustments are made to come up with the cash that is generated from the operations. Although this approach has been regarded as the best method by the international accounting standards, it does not clearly show the amounts cash from the operations and therefore it is necessary to adjust items that affect income and cash differently.Some of the adjustments carried out to the firmà ¢Ã¢â€š ¬s net income to show cash that is generated or used by the operations include: adding back of t he expenses that reduced the net income but never used cash during the period, deducting cash payments for accrued expenses during the financial period, deducting of revenues into the firm that did not result to cash flow, adding cash from revenues earned and finally removal of items included in the firms income statement that do not directly relate to normal operations of the firm. The net income in the operations section is pulled directly from the income statement of the firm; this reveals that for the three consecutive years from 2005 to 2007 Avnetà ¢Ã¢â€š ¬s business operation have been able to generate a high levels of income which tend to be on an upward trend. This shows the success of the management as the objective of every firm is maintain and maximize on the profits of the firm.Avnet analysis of cash flows from investing activities:Cash flow generated from firms investing activities measures the organizations investment life and capabilities. Inflows in to Avnetà ¢Ã¢â€ š ¬s firm from investing activities include; revenues generated from sale of old firms assets, firms returns on loans, revenue from the sale of equity or debt by the organization. Inflows may also be generated from firms securities traded as cash. Avnetà ¢Ã¢â€š ¬s long term expenditure is also recorded under the part of investment activities.The business spends much in the investments with an objective to make or generate high profits in to the organization in future. In the three financial periods of Avnet there has been much expenditure towards the purchase of property, plant and equipment. During the current trading period this expenses might be a burden to the organization in terms of committing to clear the expenses but in the long run operation of the business this investments will be used by the firm to generate high profits and cater for other business expenses then. The firms continues to commit much of it funds towards acquisitions and investments ($3,563thousands) in 200 5, ($317,114thousands) in 2006 and ($433,231thousands) in 2007.This can be termed as a long term decision of the firm in the prospects of ensuring continuity in generating incomes into the firm for these assets are set to perform in long term. Outflows by the firm towards investing activities may include the acquisition of long term assets and the purchase of equity or debt by the organization.Avnet analysis of cash flows from financing activities:The financing part of cash flows of Avnet shows relevant information about the organizations sources of capital which may be provided by both the owners and the creditors. There are three major transactions that are involved in the firmà ¢Ã¢â€š ¬s cash flow from the operating activities. These are namely stock, debt and dividends transactions. One of the ways of raising the companyà ¢Ã¢â€š ¬s finances is through issuance of stock. Issuing more additional shares to the general public means less income will be anticipated to each sharehold er. Stock can be categories into two types. There is the common stock and the preferred stock. The common stockholders have last claim to dividends but they have the voting rights to the firmà ¢Ã¢â€š ¬s decisions.On the other hand preference shareholders have priority in claiming of dividends and enjoy a fixed rate of dividend payments all through but they do not have any voting rights in the business (Wittebort, 2001). All these are ways for the firm raising capital to finance its operations. Repayment of debt by the firm is a cash outflow. From Avnetà ¢Ã¢â€š ¬s consolidated statement of cash flows for year 2005 to 2007 show cash out flows in large amounts for repayments of notes and proceeds from bank debt. In the year 2006 the firm had no repayments of any bank loans but in the other two years it suffered surfacing large loan repayments amounts. There was a steady increase in the amount repaid for notes from 2005 to 2007. This is an indicator of expansion in the business since it was able to qualify for large sources of funds through notes. The capability of the firm to repay the debts within a short duration of time and effectively may mean expansion of the business and can earn it large amounts of debts from various financing institutions (Moody's Investors Service, 1970).Credit worthiness of Avnet Inc can be referred as it likelihood and capabilities to meet its debt obligations. The most efficient way to evaluate the credit worthiness of Avnet Inc based on only on its cash flow statements is coming up with cash flow ratios that tell on the capabilities of the firm to meet its debt obligations without default. First, it is important computing the accounts receivables turnover (Mattarocci, 2013). This is arrived at by dividing number of annual sales by the accounts receivables. This tells how often the business receives payments from the receivables and the ratio needs to be twelve times approximately to indicate that the firm has a reliable source of f unds to surface its debts. Based from the values in Avnet cash flow statements of previous repayments of debts its credit worthiness can be concluded. A firm that has cleared its previous debts effectively without instances of default can be termed as credit worth.Avnet seemed to be credit worth from its previous debt repayment record, especially in 2006 when it had cleared all it bank debt and received a favorable amount from the proceeds. Regardless of a good record of debt repayments, it is also necessary to analyze the pending and the current amounts of loan that Avnet is surfacing and its capabilities. Addition of extra debt could constrain the operations of the business thereby leading to possibilities of default and the firm as a result cannot be credit worth thereafter (Fabozzi, 2012).The statement of financial position, the balance sheet, of Avnet Inc shows the financial condition and the general net worth of a firm. A...

The Psychology Of Sexual Orientations - 934 Words

The Psychology of Sexual Orientations Throughout the history of humans, people have been having sex. It’s obviously necessary for the continuation of humans as a species. But it definitely hasn’t been for just reproductive purposes. People have been engaging in same-gender sex for probably as long as humans have been around. However, the terms we think of today when we think of different sexual orientations didn’t get coined until the 19th and 20th centuries. And with these terms came huge stigma that still exists today. There are many different sexual orientations that people identify as (including heterosexuality, homosexuality, bisexuality, as well as many others); the orientations that do not coincide with what people viewed as normal were originally given classification as mental disorders. The most common sexual orientation, regardless of culture, is heterosexuality. This is defined as a sexual orientation in which an individual is generally sexually attracted to members of the opposite sex. A Centers for Disease Control national survey â€Å"reported that the percentage of Americans who identify themselves as heterosexual was 90 percent for men and women† (King, 2011, p. 363). This orientation is also considered by many people, cultures and religion throughout history and into the present as being the â€Å"normal† and â€Å"natural† orientation, with the idea that any deviation from heterosexuality is unnatural, a choice, and a thing that needs to be corrected. This belief,Show MoreRelatedPersonality and Sexual Orientation Essay1158 Words   |  5 PagesHypothesis: Sexual orientation has an effect on one’s personality, even at birth. My Initial Hypothesis I believe that sexual orientation is not something that is learned. I believe that from the time we are born, we have imbedded in our minds our sexual preferences. 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For being as commonly debated and discussed as it is, there are many questions that come along with it: what is sexual orientation, how do people know their sexual orientation, what causes homosexuality, is it normal, is it possible to change, and can wanting LGBT, lesb ian, gay, bisexual, and transgenderRead MoreHomosexuality : What Causes Homosexuality?1404 Words   |  6 PagesCharizma Bush What causes homosexuality? During my abnormal psychology section in class something that stuck out to me was how homosexuality used to be a diagnosed disorder which is fascinating to me. Also the fact that sexual orientation is on a scale from 100% heterosexual to 100% homosexual and no one is fully either one. Knowing this I thought about the new national same-sex marriage law and how it brought up a lot of controversy recently that has been a struggle for years and years. There areRead MoreHomosexuality From A Biological Perspective1118 Words   |  5 Pagesthree points to argue that homosexuality is natural and not by choice. Hormonal changes during pregnancy can alter the unborn child’s sexual preference even before delivery. Some professionals believe brain physicality also has a role to play in homosexuality. With a look even further into the brain, DNA was also found to potentially play a factor in sexual orientation due to the alteration in epi-markers which result in homosexuality. Homosexuality is most commonly described as being physicallyRead MoreEssay about Homosexuality: Nature or Nurture?1275 Words   |  6 Pagesshows that it’s more of a biological thing and is truly based on genetics (Murphy, 2011). This study also found that the correlation went deeper than previously thought. It found that twins that shared the same egg tended to take the same role in sexual activities (Murphy, 2011). That was something psychologists believed to be preposterous, but the research backed it up (Murphy, 2011). Research didn’t stop with the genes of homosexual males; there were a number of correlation studies done (Blanchard

A New Deal A New America - 891 Words

Throughout history, America has had a plethora of leaders. A handful of these leaders have found a place in the heart of many Americans. Franklin D. Roosevelt, commonly referred to as FDR, is without a doubt one of these leaders. FDR made new laws, put forth many ideas, and raised the public’s morale before, during, and after WWII. He affected America in such a way that he brought us out of the slum of Great Depression. Even though Franklin D. Roosevelt put America in debt, his new deal policy gave millions of Americans jobs, stimulated the economy, raised public moral, and introduced new big government tactics. He was truly the people’s president. It is true that Roosevelt is one of the nation’s favorite presidents; Mr. Roosevelt†¦show more content†¦By the end of 1937, about 2 million people were out of work and America entered a small recession. Even though Roosevelt made a mistake by cutting spending, he was still an active and hard working president . A presidents rating is based on their first 100 days in office and whether or not they used it efficiently. FDR’s first 100 days are arguably the best. He is the gold standard when it comes to getting things done that need to be done. His first 100 days were focused on the need for immediate change. In his State of the Union Message in 1935, he stated that â€Å"throughout the world, change is the order of the day† (Doc H) explaining to his fellow Americans that things will get better, that he is going to rebuild America. He provided people of the nation with hope, something many had lost during the Great Depression. During his first 100 days, congress passed 15 major acts that helped control and mitigate the economic crisis. The programs that he provided in his new deal helped millions of people get a job. In a piece of artwork FDR is depicted standing over a troubled man; Roosevelt is helping this man by providing a wide array of jobs that can cater to his skill se t (Doc D). 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IT Value Chain and Reference Architecture

Question: Discuss about the IT Value Chain and Reference Architecture. Answer: Introduction The IT4ITTM consists of reference architecture and an operating model for value chain in managing the IT business operations (Pajic, Pantelic Stanojevic, 2014). The IT4IT would provide prescriptive guidance for the modification of the business process, designing system, and implementation of cloud network. The following report would provide an insight of how Delta Llyod had implemented and used IT4IT for their operations. The IT4ITTM had been deployed at Delta Llyod for improving their operations and developing their plan for integrated IT services (Home | Delta Lloyd, 2016). The main requirements of implementing the IT4IT at Delta Lyod are inclusion of the mobile application development system, easing the use of the IT services, and managing the risk in business processes. The various risk of deploying the IT services without following IT4ITTM are flaws in design, issues in deploying the system, and threats of complexities. The IT services utilization for the organization would be based on the operations of the business processes (Opengroup.org 2017). However, the deployment of the IT4ITTM had been expecting to deploy ease of direct communication and IT service utilization. The expected benefits from IT4ITTM deployment include the service integration of the various IT services. Adoption Road Map The implementation of the IT4ITTM for the operations at the Delta Llyod had been done by following dividing the stream of operations into simpler and more detailed functions of activities that can be used for managing data objects (Beck, Demirguc-Kunt Merrouche, 2013). The steps included in the implementation process of IT4ITTM are formation of preliminary vision and phase, performing As-Is analysis, following To-be architecture, and Gap Analysis. The deployment of the faster and more effective IT4ITTM would allow the users for forming a basic structure for the deployment model. The processes would help in evaluating the existing business process and determining the operations of the implementation process. The major challenges of deploying the IT4ITTM at the Delta Llyod include the threats and risks that the company would face after deploying the system (Kastalli Van Looy, 2013). The formation of the most suitable operations at the organization would be harmed due to increase in operations. The infrastructure of the IT4ITTM would result in hazarding the open source operations of the organization. The unclear and antecedent operations of the organization would result in merging the IT4ITTM within the organization. The main challenges arouses when the implementation of the IT4ITTM would be resulted from the resistance of the employees and operations for making assistance with the new system developed (Khanagha, Volberda Oshri, 2014). The accumulation of the inbuilt system had caused by the deployed of the modified system of cloud network. Outcomes of IT4ITTM adoption The IT4ITTM system would be deployed for modifying the operations of the Delta Lyod. The adoption of the system had deployed the benefits of mobile application development in the organization (Beck, Demirguc-Kunt Merrouche, 2013). The customers of Delta Llyod had been benefited by the use of mobile application development for their operations of Life Insurance payments and policies. The mobile app had provided the assurance of the informative and operational development in the organization. The other benefit of using the IT4IT system had been helpful for deploying the direct consolidation to the IT services with the help of an integrator or broker. The Integrator or broker would act as a bridge between the operations of the organization with the various IT services like big data analytics, ERP, or cloud (SaaS). Conclusion It can be concluded from the report that the operations of the Delta Llyod had been improved by the deployment of the faster and more effective system integration architecture model of IT4ITTM in the operations of the organization. The organization had been facing some issues in deploying the existing system for their operations such as risk factors, threat of slow operations, and non acceptance with the latest innovation technology. The IT4ITTM had provided the benefit of using of mobile application development, assuring the informative and operational development, direct consolidation to the IT services, and forming a bridge between the operations of the organization with the various IT services. Recommendations for Delta Llyod Some recommendations for Delta Llyod are provided below, Develop Cloud Access: The cloud access would allow its major stakeholders for accessing the data and information in the organization. Integrating Payment Platforms: The payment platforms would ease the process of the payment gateways from the various online customers. Social Media Review: The social media review would help them to understand what their customers expect in terms of services from them. References Beck, T., Demirg-Kunt, A., Merrouche, O. (2013). Islamic vs. conventional banking: Business model, efficiency and stability.Journal of Banking Finance,37(2), 433-447. Home | Delta Lloyd. (2016).Delta Lloyd. Retrieved 2 April 2017, from https://www.deltalloyd.com/en/ Kastalli, I. V., Van Looy, B. (2013). Servitization: Disentangling the impact of service business model innovation on manufacturing firm performance.Journal of Operations Management,31(4), 169-180. Khanagha, S., Volberda, H., Oshri, I. (2014). Business model renewal and ambidexterity: structural alteration and strategy formation process during transition to a Cloud business model.RD Management,44(3), 322-340. Opengroup.org (2017). IT4IT Overview | The Open Group. Retrieved 2 April 2017, from https://www.opengroup.org/IT4IT/overview Paji?, A., Panteli?, O., Stanojevi?, B. (2014). Representing IT Performance Management as Metamodel.International Journal of Computers Communications Control,9(6), 758-767.