Competition Bikes, Inc. is engaged in the business of manufacturing Coursework

Competition Bikes, Inc. is engaged in the business of manufacturing bicycles. Summary Report - Coursework Example There are various techniques which can be utilized to evaluate the information present in the financial statements of a company. Some of the commonly used techniques are horizontal analysis, vertical analysis, trend analysis and ratio analysis. All these analyses have been performed for the Competition Bikes, Inc. taking into account the income statements and the balance sheets of the company for the past three years. Horizontal analysis of the financial statements is generally done to compare the performance levels within the company for a given period of time (Weygandt, Kimmel, & Kieso, 2009, p. 647). Horizontal analysis of Competition Bikes, Inc. that has been presented in the case would facilitate comparative analysis of the amounts as well as percentage increase or decrease of each of the related items in its income statements and balance sheets (Warren, 2008, p. 306). It would thus help to identify and understand the operational weaknesses and strengths of the company. As evide nt from the horizontal analysis of the income statements of Competition Bikes, Inc., there has been an 81.6% decline in its net income in the year 2008 as compared to 2007 which is quite significant. This decline in net earnings of the company is mostly attributed towards the 15% decline in its net sales in 2008 as compared to 2007 because of the current economic scenario which is going through a downturn. A 15% decline in sales value implies that the cost of goods sold and the variable expenses directly related to the sales output would also decline correspondingly. This fact is evident from the 15% decline in the selling expense items like sales commissions, distribution network and transportation out. However, in spite of the reduction in sales, the utilities expenses of the company increased by $15,000 in 2008 which is around 11.1% rise when compared with the year 2007. In the year 2007, when the net sales of the company increased by 33.3%, the corresponding increase in its util ities expense was only 3.8% as compared to 2006. Hence, this is a major area of concern and a potential weakness of the company of not being able to cut down on its utility expenses even with the reduction in sales volume. However, the company managed to reduce its research and development costs by 16.3% in the year 2008. This can be regarded as one of the potential strength of the company of being able to reduce its operational costs related to its research and development activities significantly in the year 2008. As regards the general and administration costs incurred by the company, it did not manage to reduce it in spite of the decline in sales value in 2009. These facts suggest that the company management was inefficient in managing its resources effectively and efficiently to help in bringing down its operational costs significantly to compensate for the decline in sales because of the recent downturn in the economy. Next if we look at the horizontal analysis of the balance sheets of the company for the past three years, it is observable that the current assets of the company in the form of cash and cash equivalents increased by around 275.4% in 2008 as compared to the year 2007 which is quite significant. The work in process remained same for the year 2008 when compared to 2007. It is noteworthy mentioning the fact that previously the work in process inventory increased

Examine Wireless Communication and Bluetooth Technology Essay

Examine Wireless Communication and Bluetooth Technology - Essay Example However, wired environment is non-longer preferable because of their lack of flexibility and cost. Because of the challenges associated with wired technologies, Bluetooth and wireless technologies are increasingly becoming standards for using electronic gadgets like phones, iPhones, and laptops. Whereas Bluetooth technology and wireless communication offer users significant advantages over wired environment, wireless technology differs from Bluetooth's technology because of their complexity, security, and hardware requirements. Wireless communication is much easier to use, as compared to Bluetooth's communication (Gratton 201). The ease of use is one of the factors that differentiate the two sets of communication technologies. When compared to each other, Bluetooth is much simpler to use than wireless communication. Many users of communication equipment such as laptops report through Bluetooth are simpler to use. For instance, users of phones with a Bluetooth adapter can connect to a computer through a simple pairing process. The pairing can be accomplished through some few clicks on computers that enhance the use of the phone will be achieved. When users pair these devices, sharing of files can take place. On the other hand, wireless communication is not extremely easy to use (Morley and Parker 285). Users should have appropriate hardware, software and conduct configuration of their devices in order to transfer files. Because of this, users require to have an internet protocol address for each computer of wireless enabled phones. Moreover, users must purchase and install wireless devices such as routers to enable this communication. This process makes wireless communication challenging to use. Bluetooth's technology is more secure than wireless communication and thus, provides more security to data that users exchanged (Kartalopoulos 153). Security is critical, and users consider when it comes to evaluating technologies. Bluetooth covers a short distance as co mpared to wireless communication. Because of this reason, there are few chances of hackers getting around Bluetooth's connection. However, the fact that wireless communication allows connection over long distance is a security threat. When intruders connect to wireless communication network, most of them cannot be seen hiding or hacking the network. Just to illustrate, hackers can gain access into the wireless communication of his immediate neighbor even at the comfort of their house. Conversely, this kind of infiltration is impossible for Bluetooth's technology, as hackers have to maintain a certain distance from the victims. In addition, Bluetooth's technology has a robust level of security that is difficult to penetrate. Even when hackers succeed in gaining access into a Bluetooth connection, passwords can bar them from taking full control of the devices that they would like to compromise (Briere, Hurley, and Ferris 46). This is quite different with wireless networks where hacker s can use sniffer to detect passwords and hack into the communication lines. The fact that many users forget to protect their wireless networks using wireless pre-shared keys indicate the dangers of wireless communication Without doubt, Bluetooth's technologies are more secure than wireless communication Bluetooth technology and wireless communication have different hardware requirements that make them dissimilar (Huang and Rudolph 89).