Falkirk Football Evaluation

Dear Mr. Macgyver,
To put it bluntly, you buisness is in trouble. Your current ration in 2004 was sufficient at 1.13:1, but in 2005 it fell to 0.88:1. You no longer have enough assets on hand to pay off your debts. You must reduce your current liabilities immediatly!

However, your company has improved on collecting it's debts. In 2004 your Accounts Reciavable Turnover was 1.58:1 and in 2005 it increased to 2.23:1. Your debt collection system is efficient.

Now for the really bad news, your company's net profit ratio is in the negative. This means your net profit is not sufficient. You must lower your expenses before your buissness gets even deeper in the red. In 2005 your net profit percentage was at -25.15%. This was a 30 point decrease from 2004's percentage of 5.54%. If you darasticlly lower expenses and increase sales, your club can still make it.

Respectfully Yours,
Riley Pavelich

Taxes In Ancient civilizations

Do you think you have to pay ridiculous taxes? Ever feel like your tax money isn't going into projects that benefit the people? You're probably right. The only consolation I can offer you is that people have been feeling this way about taxes since at least 3000 BC.

Back in ancient Egypt tax time came at least once a year. They called it "Following of Horus" because the pharaoh, the so called reincarnation of the god Horus, came to collect the people's taxes. The Egyptian people were taxed whenever the pharaoh needed money for a military campaign or to build him a grand pyramid. They also had to pay levies on grain and cattle.

Obviously there was considerable complaining about taxes. There is also evidence of tax sheltering. The men and women who worked in the temples were not required to pay taxes. In fact, they were funded by the peoples taxes. Can you imagine a religious organization funded by taxes today? Not likely.

You think you are taxed on outrageous things today? Bet you've never been taxed on cooking oil. That's right. Cooking oil. And if you didn't use "appropriate amounts" of cooking oils you could be audited. And don't think you could have gotten around this tax by using something other than cooking oil. No substitutes. You could be audited for that, too.

Egyptian taxation has even influenced the bible. We all know the story of Moses freeing the Jews from Egyptian slavery. The Jewish people were forced into slavery because the Egyptians "levyed upon them a tax too high to pay."

Taxation of the Egyptian peoples resulted in the pyramids and the nation's wealth. The nation accomplished so much, but it's citizens paid for it. Was it worth it?

Work Cited

http://www.uic.edu/depts/lib/documents/resources/tax99/taxhistory.shtml

http://www.upenn.edu/almanac/v48/n28/AncientTaxes.html#egypt

Great Ages of Man, Ancient Egypt