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Showing posts from October, 2010

Comparison between two retail companies picked are Walmart and Costco

The two retail companies picked are Walmart and Costco whose 2017 Financial statement links are provided below: WALMART https://www.nasdaq.com/symbol/ wmt/financials?query=income- statement COSTCO https://www.nasdaq.com/symbol/ cost/financials?query=income- statement Both organizations are well known brands and position themselves well with their customer base. Walmart’s value proposition is “We save people money so they can live better”. On the other hand, Costco’s value proposition is “All-in-one convenience and everyday affordability”. Both retailers focus on cost saving for their customers. Looking at their financial statements and by analyzing them a few key areas are evident when comparing the two organization. Looking at the current ratio and quick ratio we can determine the short-term solvency of each organization. The current ratio can be determined by dividing the assets by the liabilities. Walmart’s current ratio sits at 0.86 while Costco’s sits at 0.99. The quick ratio is c...

Take care of your Credit Cards

This is an imaginary disastrous situation with credit card. But there are things to be learnt:: SCENE 1. People sure stay busy trying to cheat us, don't they? A friend went to the local gym and placed his belongings in the locker. After the workout and a shower, he came out, saw the locker open, and thought to himself, 'Funny, I thought I locked the locker. Hmm, 'He dressed and just flipped the wallet to make sure all was in order. Everything looked okay - all cards were in place.. A few weeks later his credit card bill came - a whooping bill of Rs.7,00,000! He called the credit card company and started yelling at them, saying that he did not make the transactions. Customer care personnel verified that there was no Mistake in the system and asked if his card had been stolen. ? 'No,' he said, but then took out his wallet, pulled out the credit card, and yep - you guessed it - a switch had b...

The road to paradise

 

*Poem by an Undiscovered "**Bengali"** Poet**

  Here is poem I received from someone I love; thought why not share it, at least with my Bengali readers.............................hope they will enjoy it. Through the jongole I am went, On shooting Tiger I am bent, Boshtaard Tiger has eaten wife, No doubt I will avenge poor darling's life, Too much quiet, snakes and leeches, But I not fear these sons of beeches, Hearing loud noise I am jumping with start, But noise is coming from damn fool heart, Taking care not to be fright, I am clutching rifle with eye to sight, Should Tiger come I will shoot and fall him down, Then like hero return to native town, Then through trees I am espying one cave, I am telling self - 'Bannerjee be brave.' I am now proceeding with too much care, From far I smell this Tiger's lair, My leg shaking, sweat coming, I start pray, I think I will shoot Tiger some other day, Turning round I am going to flee, But Tiger giving bloody roar spotting Bengalee, He bounding from cave like footbal...

Just think it !!

'Whenever  God Closes One Door He Always Opens Another, Even Though Sometimes It's  Hell in the Hallway.' I would  rather have one rose and a kind word  from a friend  while I'm here  than a whole truck load when I'm gone.    Happiness keeps You Sweet ,   Trials keep You Strong,  Sorrows  keep You Human,  Failures keeps You Humble,    Success keeps You Glowing,  But Only   God keeps You Going

Think, if this is how a Government rules!!

Once upon a time the government with Ruling Party XYZ.. had a vast scrap yard in the middle of a desert. Ruling Party XYZ Said.. - "Someone may steal from it at night." So they created a night watchman position and hired a person for the job. Then Ruling Party XYZ Said.. - "How does the watchman do his job without instruction?" So they created a planning department and hired two people, one person to write the instructions, and one person to do time studies. Then Ruling Party XYZ Said.., - "How will we know the night watchman is doing the tasks correctly?" So they created a Quality Control department and hired two people. One to do the studies and one to write the reports. Then Ruling Party XYZ Said.. , - "How are these people going to get paid?" So they created the following positions, a time keeper, and a payroll officer, then hired two people. Then Ruling Party XYZ Said.., - "Who will be accountable for all of th...