Similarities And Differences Between Qualitative And...

Identifying the Similarities and Differences in Qualitative and Quantitative Research Quantitative research is defined as research that gathers numeric data through controlled procedures and analyses to answer predetermined questions or test hypotheses (Ary et al, 2010). In contrast, Ary et al defines qualitative research as a generic term for a variety of research approaches that generally gather non-numeric data to study phenomena, without predetermined hypotheses. A few differences are noted in the definitions. The two approaches for research differ on gathering numeric data. Quantitative research looks at research from a larger number while qualitative research focuses on an area from a closer perspective (Rhodes, 2014). Qualitative research relies more on small groups to gather data due to the methods it uses to gather data. If qualitative researchers were to use large groups for data collection, it would require too much time. Quantitative researchers use a larger number for their research group but use different statistical measures to study data collected. Qualitative and quantitative researchers basic approach to a problem is the same process. First, both researchers start their quest by having a purpose in mind before beginning. The quantitative purpose of a research project is to quantify data from a larger sample of the population and then generalize the results based on that population. Quantitative research is focused more on numerical data and isShow MoreRelatedEssay on Q ualitative and Quantitative Research889 Words   |  4 Pages Qualitative and Quantitative study designs both can be beneficial in research design. They both provide valuable options for researchers in the field. These techniques can either be used separately in a research study or they can be combined to achieve maximum information. This paper will define the terms qualitative and quantitative; describe the similarities and differences between each; discuss how qualitative and/or quantitative research designs or techniques could be used in the evaluationRead MoreCompare and Contrast Qualitative and Quantitaitve Research Methods1403 Words   |  6 PagesCompare and contrast Qualitative and Quantitative research methods Monique Gowans Charles Stuart University Compare and Contrast Qualitative and Quantitative Research Methods Qualitative research methods are complex meaningful analysis characterised by processes and meanings that are not experimentally examined or measured in terms of mathematical measurements (Lincoln, 2003; Sarantakos, 2005). Quantitative research however, relies and builds on mathematical procedures and methods, suchRead More Research Methods Essay1440 Words   |  6 Pages Quantitative and Qualitative are said to be systematic in different design. Both design have to follow a process system that involved defining a principle of research. General speaking, quantitative research is thought to be objective, however qualitative research often involves a subjective element. There are differences designs in qualitative research in comparison to quantitative research. Qualitative research involves words, pictures, or objects; Quantitative involves data in the form ofRead MoreQualitative And Quantitative Research Methods1285 Words   |  6 Pages Qualitative and Quantitative Research Ravi Teja Mora Dr. Jimi Peters Research Methods Stratford University â€Æ' Qualitative and Quantitative Research Introduction There has been a widespread of debate in recent years regarding the quantitative and qualitative research methods, wether one or the other has to be emerged as superior. Although there have been so many theories and conclusions, this paper intends to discuss on the similarities and differences between the qualitative and quantitative researchRead MoreComparing and Contrasting NCUs Concept Paper Requirements for Qualitative and or Quantitative Papers1409 Words   |  6 PagesIntroduction The theoretical discipline of philosophy is broken down into five facets. (1) Logic, that details the rules of an argument, and distinguishing valid from invalid forms of argument; (2) Ethics, and its distinction between right and wrong, good or evil, moral or immoral; (3) Epistemology, which is the nature of knowledge, what it is, how we know, and what is the truth? (4) Aesthetic, that takes into account the nature of beauty and art; and (5) Metaphysics, reality and what we considerRead MoreQualitative Research : Quantitative Research Essay1320 Words   |  6 PagesQualitative research is scientific research based on something that cannot be correctly and precisely measured (University of Wisconsin-Madison-Health Services Ebling Library, 2016). Qualitative research is biased and uses preliminary reasoning to combine data (University of Wisconsin-Madison-Health Services Ebling Library, 2016). Qualitative research establishes theories to help explain the phenomena while focusing on the experiences and opinions of all study subjects (Verhoef Casebeer, 1997)Read MoreWhat Are The Components Of A Qualitative Research?1111 Words   |  5 Pagesworld of research, two unique styles of information collecting are utilized in attaining appropriate material for scholarly articles. Qualitative and quantitative data represent two entirely different formats of evidence-based material used in research. The information in all scholarly research articles falls under one or both of these categories. Although people often get these research styles confused, those who wish to write effective evidence-based articles must understand the differences betweenRead MoreExamine the Fields of Qualitative and Quantitative Research and the Advantages and Limitation of Each Paradigm.1089 Words   |  5 PagesThere has probably been more energy spent on debating the difference, advantages and limitations between qualitative and quantitative research methods, it can be said that this issue has been debated to death with many spending years proving which methods is the best. Qualitative and quantitative researches are the two basic research categories which are used in psychology, with both these type of research having advantages and best limitations to their use in researching. For quite a while thereRead MoreThe Scientific Method Of Scientific Methods1015 Words   |  5 Pages Research Methods Paper The Scientific method is a procedure that consists of systematic observation measurement, and experiment, and the formulation, testing, and modification of the hypothesis. Scientific methods are what are done to see the outcome of an experiment before they decide to use it on a real human. A Scientific method is a research that helps people to develop good programs that will help in the long run. The Scientific methodRead MoreThe Purpose of Cross-Cultural Psychology1100 Words   |  4 PagesCross-cultural psychology Cultural psychology concerns itself with the significant links or connections that there are between the psychology of individuals within a culture and their psychology. Cultural psychology emphasizes on the relevance of human behavior to understanding the psychology of the individual if only the sociocultural setting and context in which the behavior occurs. One good instance of this is the way religious views about extramarital activities shapes the behavior and the attitudes

Dollar General Case Free Essays

Dollar General: Case Study #1 Timothy Mayer Professor Perreira 02/01/2010 Executive Summary: Dollar General Corporation is a leader in the discount retail industry, but clearly could use new information systems to further establish its presence and dominate the industry. The ability of Dollar General to set up new stores quickly, at a low cost, and efficiently has enabled them to maximize their revenue, while keeping costs minimal. Dollar General is very dependent on the ability of the management they place in charge of each store opening, known as the setter, to coordinate the process and make sure the opening runs as smoothly as possible. We will write a custom essay sample on Dollar General Case or any similar topic only for you Order Now The setter must be able to train the store manager to run the Dollar General store to the exact specifications presented by the upper management of the company. Dollar General does depend on some information systems to help open and establish its stores. They have contracts with companies, like IBM and Spacenet, which set up most of the technological requirements for their stores. These relationships allow for Dollar General to monitor and accelerate the creation of new stores in a way that is familiar and comfortable for them. However, once the stores are up and running information systems are not utilized to their fullest extent. This has lead to numerous inventory and employee issues that are costing the stores and company money. With the economy in the USA at one of the lowest points it has been in history, Dollar General is in a perfect position to increase sales and establish a greater industry presence. They must adapt and embrace though technology that can help establish this growth in order to continue to be successful. Case Study Dollar General’s use of information systems is a far from perfect system. They have the technology in place for the most part, but do not fully utilize its potential. They clearly do not fully embrace technology. They use a satellite system over a higher speed options and do not use networks to enhance their operations. Their reasoning for this is to keep the overhead costs down, but this increasing the overall deficiencies of their business. The main process that suffers from the lack of information systems s their inventory process. When inventory arrives at a store, it is not scanned nor is the amount of goods verified or noted. This had lead to the shrink rate, the amount of loses in sales a store writes off, to increase and develop a distrust between corporate management and the employees at the stores. Dollar General uses inventory information systems at their distribution centers already. By adapting this technology on the store level, Dollar General will be able to sol ve one of the biggest problems they face. Dollar General clearly has found a niche in their industry that has worked for them for years. In order to keep their status and grow further they need to increase the budget they provide to each store for technology systems. The economy of the United States is at a perfect place for discount stores to flourish. The limitations and issues created by the lack of advanced systems will eventually catch up to them and cause more losses of revenue. The initial costs might be greater, but over the long term Dollar General will position itself in a better place. How to cite Dollar General Case, Papers

Accounting Policies of Annual Report

Question: Discuss about the Accounting Policies of Annual Report. Answer: Introduction In the Summary of Accounting Policies of the Annual Report of the company, the disclosures have been given in accordance with AASB116 (Para 73) regarding the basis of measuring the carrying costs that is the building and other property, plant and equipment are recorded in the books at historical cost less depreciation and any subsequent costs towards PPE are either added to the carrying amount or shown as separate asset as per the nature of cost incurred and the divisibility of costs (Flight Centre Travel Group, 2016). Other disclosures that has been complied with AASB 116 (Para 73) are the method of depreciation that is straight line method is being used, the disclosure of useful life of a building that is 30 years and Plant and Equipment that is 2-8 years (Flight Centre Travel Group, 2016). Further, the disclosure regarding impairment of assets is also mentioned which states that the carrying amount of the assets is impaired immediately to its recoverable amount as soon it is recognized that the carrying amount is getting more than the estimated recoverable amount. In the notes to financial statements, there are proper reconciliations for the carrying amount at the beginning of the year and at the end and also showing the changes therein, which is compatible with the disclosure requirements of AASB116 (Para 73). The assets have been recognized in the financial statements as their costs can be measured and these will provide economic benefits in future to the enterprise (Para 7-10). The PPE have been shown under the head Non-Current Assets in the Balance Sheet. The assets after recognition have been recorded according to Cost Model (Para 30) where the assets have been carried at cost less accumulated depreciation and impairment losses that is $.2,16,239,000 in Balance Sheet as on 30th June 2016. The Depreciation on PPE has been shown in Consolidated Profit and Loss Account of the company for the year ending 30th June 2016 in accordance with AASB 116 (Para 48-49) and has been calculated at straight line basis as mentioned in notes to accounts which may be the best possible method according to company (Para 50-62). Further, the impairment criteria used by the company is in compliance with the AASB 136 as mentioned in the notes to accounts of the annual report of the company (Para 2 , Para 12-14) which states that the carrying amount of the assets is impaired immediately to its recoverable amount as soon it is recognized that the carrying amount is getting more than the estimated recoverable amount (Flight Centre Travel Group, 2016). Categories of intangible assets of the organization In addition to goodwill, there are two more categories of intangible assets of this organization Brand Name and Customer Relationships, and Other Intangible Assets- Software Brand Name and Customer relationships are recognized initially at fair value. There is no defined measure to calculate the value of Brand Name of company and value of a relationship with customers. Also, the accuracy of the useful life of brand names is not easy to judge and are assumed to have an indefinite useful life. Factors that help in assessing the useful life from time to time are the trademarks protection which is renewed a number of times and such other factors (Vaitilingam, 2010). With regard to Other Intangible Assets- Softwares, the Research and Development costs of Softwares are recognized as carrying the cost of software. The development costs are capitalized project wise where the project if feasible on technical and commercial basis, and such costs include material, labor, services, and other related overheads. Useful Life of the software is generally taken by the company as between 2.5 to 5 years depending upon various market updations and compatibility. The Intangible assets such as brand name have indefinite useful lives and hence amortization is not possible but impairment is done on a timely basis as and when required and is done by global teams (Damodaran, 2012). The impairment loss for all the intangible assets is calculated and recognized when the carrying amount of asset is higher than its estimated recoverable value. The Provisions are shown under the head Current Liabilities in the Balance Sheet of the organization and its justifications and relevant information is provided in the notes to accounts also. Provisions are liabilities which are to be settled in next in coming future or next financial year. These may be non-trade liabilities also. For example Salary payable, Telephone Expenses Payable, Rent Payable etc. The Liability for Long Service Leave is also shown in provisions as a liability and classified into current liability and non-current liability. That portion of long service leave that is not expected to be settled within 12 months are showed under the head provisions. LSL are future payments which are not expected to be settled within 12 months after the end of the period in which the employees have rendered the services. The company considers all future wages, payments, salaries, promotions, departures and average age levels of employees. Entire payments are discounted at using current market rates and national corporate bonds with terms of maturity and currency to find out discounted cash outflows. The Company which has proposed or declared any dividend but has not paid it at the year end should show it as a Provision in the Balance Sheet provided it is fully authorized by the board and is no longer at the discretion of the company. This shall constitute a liability till it is distributed (Parrino et. al, 2012). The reason behind it is that the company has now incurred a liability by authorizing the dividend but not yet paying it and is to be paid on any future date. It shall be a current liability because it is to be paid in coming 12 months. Contingent Liabilities These are those liabilities which may or may not arise as an event on a reporting date but the occurrence of which could be very dangerous to the companys future. These may arise out of events which may become a permanent liability on happening of any event which cannot be predicted. However, the ignorance of this shall be against the principle of prudence because a sudden rise of any liability which is not foreseen may badly affect companys profit and reputation. For example- a Court case filed by any competitor for breach of trademark or patent which is pending for trial for years and not yet decided at balance sheet date. These are not recognized in the financial statements but are to be fully disclosed with the likely amount to be paid in the notes to accounts of the company. This disclosure helps the stakeholder to fully understand the extent of the liability and allows the company to prepare itself from this unforeseen liability. The contingencies of the organization as seen from above are the case filed by ACCC against FLT as on reporting date which is challenged by FLT in the higher courts. The decision may or may not come in the favor of FLT, hence it is shown as contingent liabilities at the balance sheet date. The disclosures have also been made in the companys notes to accounts regarding other general probable contingencies (Needles Powers, 2013). On the other hand, a contingent asset may arise due to an event which results in a favorable position for the company but the company does not disclose this matter in the notes to accounts because this may mislead the stakeholders against the wrong anticipation of future profits (Choi Meek, 2011). For example- winning a court case against the insurance company for insurance claim which is likely to be won by the company but shall only be recognized as a contingent asset when the claim is ordered by the court or received by the company or the evidence of which is fully known. Contingent assets are not shown anywhere because any gain or profits are recorded only after they occur actually (Berk et. al, 2015). This is in accordance with the Accounting Standards and principles. Using the financial statements calculate, and comment on, the following ratios: Current ratio, the rate of return on total assets, times interest earned, the debt ratio and the P/E ratio. The market price of the ordinary shares at the close of business on 30th June 2016 for your company was $31.58. (15 marks) Ratio Computation Ratios for the year ending 30th June 2016 Current Assets = $ 2,26,32,33,000 Current Liabilities= $ 1,56,67,24,000 Current Ratio = 1.44 times This ratio of 1.44 times denotes a perfect combination among current assets and current liabilities were current assets fully cover the current liabilities and are also not excessively involving companys funds. Current Assets should not only cover the current liabilities but should also be in liquid form so as to cover any contingencies (Berk et. al, 2015). Rate of Return on Total Assets= Net Profit after taxes/ Total Tangible Assets Net Profit after Taxes= $ 24,67,00,000 Total Tangible Assets = $ 2,55,56,28,000 Return on Total Assets = 9.65 % This ratio denotes earning made by the company against tangible assets utilized in the company. The ratio is just appropriate and shows that company shall be able to cover assets cost at this pace in next 10 years. Times Interest Earned= EBIT / Interest Expense EBIT= $ 34,78,09,000 Interest Expense= $ 2,80,51,000 Times Interest Earned = 12.40 times This ratio denotes the number of times the interest paid covers the EBIT .This shows the interest paying capacity of the company (Arnold, 2010). The company is well placed in terms of interest to be paid . Also it denotes the borrowing capacity of the company. Total Debts= $ 7,68,45,000 Shareholders Equity = $ 1,34,59,45,000 Debt Ratio= 5.71 % This ratio denotes that the percentage of debt to total equity is in the favor of higher equity utilized in the company against the debt. The ratio also says that the interest bearing debt is lower and equity is on a higher side which also suggests that dividend payments shall be higher (Arnold, 2010). P/E Ratio = Price Earnings Ratio = Market Price per Share/ Earnings Per Share Market Price per Share = $ 31.58 Earnings Per Share = 242.4 Cents or $ 2.424 P/E Ratio = 13.03 The higher P/E Ratio denotes the higher market price of the company. A Higher ratio suggests that the investors can expect a higher rate of return on their shares. References Arnold, G 2010, The Financial Times Guide to Investing, Prentice Hall. Berk, J, DeMarzo, P. Stangeland, D 2015, Corporate Finance, Canadian Toronto: Pearson Canada. Bodie, Z., Kane, A. Marcus, A. J 2014, Investments, McGraw Hill Choi, R.D. Meek, G.K 2011, International accounting. Pearson Press . Damodaran, A 2012, Investment Valuation, New York: John Wiley Sons. Flight Centre Travel Group 2016, Flight Centre Travel Group Annual Report Accounts 2016, viewed 12 May 2017 https://www.fctgl.com/sites/fctgl.com/files/01%20FLT%20FY16%20Annual%20Report.pdf Needles, B.E. Powers, M 2013, Principles of Financial Accounting, Financial Accounting Series: Cengage Learning. Northington, S 2011, Finance, New York, NY: Ferguson's. Parrino, R., Kidwell, D. and Bates, T 2012, Fundamentals of corporate finance, Hoboken, NJ: Wiley Vaitilingam, R 2010, The Financial Times Guide to Using the Financial Pages, London: FT Prentice Hall.