How Does Inflation Affect The Currency Trading?

Inflation. When inflation rate is down, banks would cut down interest rates to encourage economic activities. On the other hand, during high inflation, banks would increase the interest rates to discourage lending and spending. Hiking up the interest rates boosts the value of the currency. This is true in US where rising of interest rates by the Federal bank would encourage investors to capitalize on higher returns. What is the better way to measure inflation in a certain country rather than to refer its consumer price index? Each country may have different ways of measuring and inflation indication.You can actually identify the inflation rate by watching the housing market in UK which is considered more accurate representation.

Who exactly determines the rates? For the US dollar, the trader would be wise to watch closely interest rate decisions by the Federal Market Open Committee. FOMC meets regularly each year to determine key interest rates and to decide whether to increase or to decrease the money supply through the buying and selling of government securities. In order to know more about these decisions, the trader could read up on the FOMC meetings minutes released three weeks after the date of each policy decision. Speculations of a hike in interest rates would probably boost the dollar up. Playing similar roles is the Europe Central Bank, Bank of Japan, Bank of England and the Swiss National Bank. The Bank of Japan's role is unique in the sense that it has to monitor the Yen and form monetary policies that will keep their exports from becoming too expensive.

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Currencies also influence each other. As mentioned above, the Bank of Japan has to pay close attention to the market to make sure that their currency remains weak in order to maintain their high export rates. This is due to China's reluctance to revalue the Chinese Yuan thus making China's products more competitive. Meanwhile, the Euro is nick-named the anti-dollar, meaning that a fall in the dollar value will boost up the Euro. This is due to the Euro becoming the up-and-coming option for reserving currency as there is a possibility of the European economy becoming much stronger and also the chances of the dollar depreciating are risky higher due to long term deficits in trade balance. Plus, Japan holds a large percentage of their reserves in the US dollar.

How Does Inflation Affect The Currency Trading?

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How Does Inflation Affect The Currency Trading?

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Top 10 Principles for Positive Business Ethics

This morning, I read about a company using on-line auctions to defraud customers. Last week, I consulted on an ethics complaint where a business coach betrayed a client's confidentiality. And, recently a Physician was convicted of insider trading based on information from a patient, a violation of both business ethics and her professional ethics.

Business ethics are the key to profits. If clients and customers don't trust you, and your business ethics, they will not do business with you. Would you buy from a company you didn't trust? Of course not!

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Business ethics have become a hot-button topic. There are often ethical conflicts between making money, and doing what is right. There can be dilemmas about doing what is best for your employer, what's best for your own career, and what's best for the customer. Business ethics is about negotiating these mine-fields. Here are my Top 10 Principles for Positive Business Ethics:

Top 10 Principles for Positive Business Ethics

1. Business Ethics are built on Personal Ethics. There is no real separation between doing what is right in business, and playing fair, telling the truth and being ethical in your personal life.

2. Business Ethics are based on Fairness. Would a dis-interested observer agree that both sides are being treated fairly? Are both sides negotiating in good faith? Does each transaction take place on a "level playing field"? If so, the basic principles of ethics are being met.

3. Business Ethics require Integrity. Integrity refers to whole-ness, reliability and consistency. Ethical businesses treat people with respect, honesty and integrity. They back up their promises, and they keep their commitments.

4. Business Ethics require Truth-telling. The days when a business could sell a defective product and hide behind the "buyer beware" defense are long gone. You can sell products or services that have limitations, defects or are out-dated, but not as first-class, new merchandise. Truth in advertising is not only the law, business ethics require it.

5. Business Ethics require Dependability. If your company is new, unstable, about to be sold, or going out of business, ethics requires that you let clients and customers know this. Ethical businesses can be relied upon to be available to solve problems, answer questions and provide support.

6. Business Ethics require a Business Plan. A company's ethics are built on its image of itself and its vision of the future and its role in the community. Business ethics do not happen in a vacuum. The clearer the company's plan for growth, stability, profits and service, the stronger its commitment to ethical business practices.

7. Business Ethics apply Internally and Externally. Ethical businesses treat both customers and employees with respect and fairness. Ethics is about respect in the conference room, negotiating in good faith, keeping promises and meeting obligations to staff, employers, vendors and customers. The scope is universal.

8. Business Ethics require a Profit. Ethical businesses are well-run, well-managed, have effective internal controls, and clear expectations of growth. Ethics is about how we live in the present to prepare for the future, and a business without profits (or a plan to create them) is not meeting its ethical obligations to prepare for the future well-being of the company, its employees and customers.

9. Business Ethics are values-based. The law, and professional organizations, must produce written standards that are inflexible and universal. While they may talk about "ethics", these documents are usually prescriptive and refer to minimal standards. Ethics are about values, ideals and aspirations. Ethical businesses may not always live up to their ideals, but they are clear about their intent.

10. Business Ethics come from the Boss. Leadership sets the tone, in every area of a business. Ethics are either central to the way a company functions, or they are not. The executives and managers either lead the way, or they communicate that cutting corners, deception and dis-respect are acceptable. Line staff will always rise, or sink, to the level of performance they see modeled above them. Business ethics starts at the top.

Ethics is about the quality of our lives, the quality of our service, and ultimately, about the bottom line. An unhappy customer complains to an average of 16 people. Treating employees, customers, vendors and the public in an ethical, fair and open way is not only the right thing, in the long run, it's the only way to stay in business.

Top 10 Principles for Positive Business Ethics

© Copyright 2003 by Philip E. Humbert. All Rights Reserved. This article may be copied and used in your own newsletter or on your website as long as you include the following information: "Written by Dr. Philip E. Humbert, writer, speaker and success coach. Dr. Humbert has over 300 free articles, tools and resources for your success, including a great newsletter! It's all on his website at: http://www.philiphumbert.com

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How Does the Stock Market Work? A Guide For Beginners

If you are a beginner, you are probably wondering how does the stock market work? The answer is surprisingly simple: Companies go public and offer shares in their company to the public. The public buys the shares through what we know as the stock exchange. Investors can then use the stock exchange to buy and sell the stocks of the companies. Buying low and selling high can make people rich overnight. Of course you have to know what you are doing, and there are many factors involved. To gain a deeper understanding of how the stock market works, why don't we discuss a few of the most common terms.

Stock Prices: Stock prices are, to make it simple, the price that a specific stock sells for. This price is set by many market factors including the economy health, current trading trends, and technical and financial reports put out by the company (or independent third party).

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Market Captialization: This is the actual value of the company or stock that is up for sale. Calculating the market capitalization of a stock is done by using the following formula -

How Does the Stock Market Work? A Guide For Beginners

Number of Outstanding Shares X Price of Stock = Market Capitalization of the Company

Once you have learned the basic premise of the stock exchange, you will want to learn how to buy and sell shares. To purchase stock you will need to create some type of investment account. Most times you can open up an account with a local stock broker. Thanks to the wonder of the internet, you can now make trades online on your own. It is as simple as setting up an account and funding it.

Hopefully now you have the answer to your question, how does the stock market work. The next step will be to learn how to successfully profit from trading. Good luck!

How Does the Stock Market Work? A Guide For Beginners

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Trading and Profit and Loss Account

Trading Account

As already discussed, first section of trading and profit and loss account is called trading account. The aim of preparing trading account is to find out gross profit or gross loss while that of second section is to find out net profit or net loss.

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Preparation of Trading Account

Trading and Profit and Loss Account

Trading account is prepared mainly to know the profitability of the goods bought (or manufactured) sold by the businessman. The difference between selling price and cost of goods sold is the,5 earning of the businessman. Thus in order to calculate the gross earning, it is necessary to know:

(a) cost of goods sold.

(b) sales.

Total sales can be ascertained from the sales ledger. The cost of goods sold is, however, calculated. n order to calculate the cost of sales it is necessary to know its meaning. The 'cost of goods' includes the purchase price of the goods plus expenses relating to purchase of goods and brining the goods to the place of business. In order to calculate the cost of goods " we should deduct from the total cost of goods purchased the cost of goods in hand. We can study this phenomenon with the help of following formula:

Opening stock + cost of purchases - closing stock = cost of sales

As already discussed that the purpose of preparing trading account is to calculate the gross profit of the business. It can be described as excess of amount of 'Sales' over 'Cost of Sales'. This definition can be explained in terms of following equation:

Gross Profit = Sales-Cost of goods sold or (Sales + Closing Stock) -(Stock in the beginning + Purchases + Direct Expenses)

The opening stock and purchases along with buying and bringing expenses (direct exp.) are recorded the debit side whereas sales and closing stock is recorded on the credit side. If credit side is Jeater than the debit side the difference is written on the debit side as gross profit which is ultimately recorded on the credit side of profit and loss account. When the debit side exceeds the credit side, the difference is gross loss which is recorded at credit side and ultimately shown on the debit side of profit & loss account.

Usual Items in a Trading Account:

A) Debit Side

1. Opening Stock. It is the stock which remained unsold at the end of previous year. It must have been brought into books with the help of opening entry; so it always appears inside the trial balance. Generally, it is shown as first item at the debit side of trading account. Of course, in the first year of a business there will be no opening stock.

2. Purchases. It is normally second item on the debit side of trading account. 'Purchases' mean total purchases i.e. cash plus credit purchases. Any return outwards (purchases return) should be deducted out of purchases to find out the net purchases. Sometimes goods are received before the relevant invoice from the supplier. In such a situation, on the date of preparing final accounts an entry should be passed to debit the purchases account and to credit the suppliers' account with the cost of goods.

3. Buying Expenses. All expenses relating to purchase of goods are also debited in the trading account. These include-wages, carriage inwards freight, duty, clearing charges, dock charges, excise duty, octroi and import duty etc.

4. Manufacturing Expenses. Such expenses are incurred by businessmen to manufacture or to render the goods in saleable condition viz., motive power, gas fuel, stores, royalties, factory expenses, foreman and supervisor's salary etc.

Though manufacturing expenses are strictly to be taken in the manufacturing account since we are preparing only trading account, expenses of this type may also be included in the trading account.

(B) Credit Side

1. Sales. Sales mean total sales i.e. cash plus credit sales. If there are any sales returns, these should be deducted from sales. So net sales are credited to trading account. If an asset of the firm has been sold, it should not be included in the sales.

2. Closing Stock. It is the value of stock lying unsold in the godown or shop on the last date of accounting period. Normally closing stock is given outside the trial balance in that case it is shown on the credit side of trading account. But if it is given inside the trial balance, it is not to be shown on the credit side of trading account but appears only in the balance sheet as asset. Closing stock should be valued at cost or market price whichever is less.

Valuation of Closing Stock

The ascertain the value of closing stock it is necessary to make a complete inventory or list of all the items in the god own together with quantities. On the basis of physical observation the stock lists are prepared and the value of total stock is calculated on the basis of unit value. Thus, it is clear that stock-taking entails (i) inventorying, (ii) pricing. Each item is priced at cost, unless the market price is lower. Pricing an inventory at cost is easy if cost remains fixed. But prices remain fluctuating; so the valuation of stock is done on the basis of one of many valuation methods.

The preparation of trading account helps the trade to know the relationship between the costs be incurred and the revenues earned and the level of efficiency with which operations have been conducted. The ratio of gross profit to sales is very significant: it is arrived at :

Gross Profit X 100 / Sales

With the help of G.P. ratio he can ascertain as to how efficiently he is running the business higher the ratio, better will be the efficiency.

Closing Entries pertaining to trading Account

For transferring various accounts relating to goods and buying expenses, following closing entries recorded:

(i) For opening Stock: Debit trading account and credit stock account

(ii) For purchases: Debit trading account and credit purchases account, the amount being the et amount after deducting purchases returns.

(iii) For purchases returns: Debit purchases return account and credit purchases account.

(iv) For returns inwards: Debit sales account and credit sales return account

(v) For direct expenses: Debit trading account and credit direct expenses accounts individually.

(vi) For sales: Debit sales account and credit trading account. We will find that all the accounts as mentioned above will be closed with the exception of trading account

(vii) For closing stock: Debit closing stock account and credit trading account After recording above entries the trading account will be balanced and difference of two sides ascertained. If credit side is more the result is gross profit for which following entry is recorded.

(viii) For gross profit: Debit trading account and credit profit and loss account If the result is gross loss the above entry is reversed.

Profit and Loss Account

The profit and loss account is opened by recording the gross profit (on credit side) or gross loss (debit side).

For earning net profit a businessman has to incur many more expenses in addition to the direct expenses. Those expenses are deducted from profit (or added to gross loss), the resultant figure will be net profit or net loss.

The expenses which are recorded in profit and loss account are ailed 'indirect expenses'. These be classified as follows:

Selling and distribution expenses.

These comprise of following expenses:

(a) Salesmen's salary and commission

(b) Commission to agents

(c) Freight & carriage on sales

(d) Sales tax

(e) Bad debts

(f) Advertising

(g) Packing expenses

(h) Export duty

Administrative Expenses.

These include:

(a) Office salaries & wages

(b) Insurance

(c) Legal expenses

(d) Trade expenses

(e) Rates & taxes

(f) Audit fees

(g) Insurance

(h) Rent

(i) Printing and stationery

(j) Postage and telegrams

(k) Bank charges

Financial Expenses

These comprise:

(a) Discount allowed

(b) Interest on Capital

(c) Interest on loan

(d) Discount Charges on bill discounted

Maintenance, depreciations and Provisions etc.

These include following expenses

(a) Repairs

(b) Depreciation on assets

(c) Provision or reserve for doubtful debts

(d) Reserve for discount on debtors.

Along with above indirect expenses the debit side of profit and loss account comprises of various business losses also.

On the credit side of profit and loss account the items recorded are:

(a) Discount received

(b) Commission received

(c) Rent received

(d) Interest received

(e) Income from investments

(f) Profit on sale of assets

(g) Bad debts recovered

(h) Dividend received

(i) Apprenticeship premium etc.

Trading and Profit and Loss Account

The author is an engineering graduate, B.E.(Hons), and is managing his own software development firm, HiTech Computer Services, that mainly deals in accounting, billing and inventory control software for traders, industries, business houses, hotels, hospitals, medical stores, newspapers, magazines, petrol pumps, automobile dealers, commodity brokers and other business segments, website and web application deveopment for business. The software are available both for intranet and internet. These software are available for download from the website:

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When Will the Iraqi Dinar Revalue?

One needs to remember that Iraq is a strategically located Middle Eastern Country. A valued asset of Iraq is its numerous oil wells. Therefore it is in the best interest of the other Middle Eastern nations, as well as the Western nations, for Iraq to establish a stable economy.

It is a political truth that no country whether it is Western or Middle Eastern is going to allow the natural wealth of Iraq to fall into the hands of corrupt government leaders or radical segments of the population. Iraq has a very high quality crude oil which is extremely cheap. Since there are very few impurities or hindrances in drilling crude oil, the cost of production is very minimal compared with the other oil producing countries.

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That is the profit margin of oil production in Iraq is considered to be highest in comparison with the neighboring countries. Therefore, once the economy stabilizes, the potential GDP rate is going to be very high compared to the rest of the region. It is also worth mentioning that financial entities such as WTO (World Trade Organization) and IMF (International Monetary Fund) along with other world banking organizations like the World Bank are working in conjunction with the government of Iraq to stabilize the financial system and also make it in par with other countries.

When Will the Iraqi Dinar Revalue?

Once this happens, it is possible that the Iraqi Dinar will increase in value. It is also believed that with along with an increase in the value of Iraqi Dinar, there will be more investors and currency traders in the financial market and this will create a free-flowing financial market. The combination of a better infrastructure, increased security, and more domestic and foreign investment will allow Iraq to continue to grow and prosper. With success of the people, government, and economy, the legitimacy and value of the nation's currency is expected to increase.

When Will the Iraqi Dinar Revalue?

To learn more about the Iraqi Dinar revaluation or for more information on the Iraqi Dinar, please visit Dinar Banker.com.

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http://www.DinarBanker.com
1-888-346-2771

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Funny Team Names

Coming up with a team name is all about being yourself. Think of something and put your own comedic twist on it. Be random. The Gold Fish Bowlers for a bowling league is a perfect example and that just came right of the top of my head. I was looking around the room, saw the goldfish bowl and wala. The next part is being creative. Do not do one that you have seen before because that mean someone else has seen it before as well. Like who has not seen some of those most common ones like the master batters. Besides that being common try to be clean. Your team name represents yourselves so do not do something dirty, but something that will represent yourself in the way you want it to.

Now here is a list to help you get some ideas. I know that you have seen some of these before. They may have caught your eye and made you glance back at that basketball team name and ask, are you serious. Yes, here is going to be a list of those funny basketball names that add excitement to the game we all love to play. But this isn't going to be just any list. The is going to be the biggest, largest, hugest, gigantic, massive, mammoth, colossal, titanic, vast, gargantuan, giant, very big list you might every see, or maybe not. I have to see it is a decent size, but what would make it that substantial sized list is if you would leave a comment of name you have heard over the years.

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Unleash The Furry
The School Bus Drivers
The Four Skins
Technical Knockout.
Players of Talent Players out of Talent
Wonderful Excellent Enormous Dudes
The Intentional Foulers
The Technical Foulders...
Basket Brawlers
The Wet Wedgies
Super Heroes in Training.....
The Extrema
Already Lost
We Lose
Control Freaks
Foodoo Doctors
Wii Not Fit
Smoking Tress and Stroking 3's
Winged Beavers
Snapping Turtles
King Salmons
Wampus Cats
Wii Fat
The Three Basketeers
The Boston Three Party
The Three Amigos
Cunning Stunts
The Baseball Team
The Monkey Yummies
Lightning Zappers
Yahooligans
The Cereal Killers
Staying Yummy
The Fugitive Mangoes
Dazzling Stars
The Hot Dawgz
The Razzle Dazzle of Fantazzmanglers
Mighty Morphin Ginyu Force
Mischievous Polar Bears
The Flying Monkeys
Athletic Hippies
The Flying Apes
The Bankers
Flying Bacons
Crazy Catz
Lunch Ladies
You Lead And Afflalo

Funny Team Names

P.S. You are best of in tournaments trying to get a sponsor and using them as your team name. It is all about the money, isn't it.

P.S.S. It should not be about the money. Play just to play the game. Enjoy it because you do not know when your playing will come to an end for some reason you do not see coming.

Funny Team Names

Funny Basketball Team Names really give your team a personality.

For more funny basketball things you can visit funnybasketballonline.com/.

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Automated Forex Review - Making Money on Autopilot

Automatic forex review of forex systems promise the moon, but you will be surprised to see how many of them actually work. It is up to you as the consumer to weed out the genuine from the fake ones and to invest your hard earned wisely so that you won't regret your decision later.

The key to using automated forex systems is to ensure that you don't place blind faith on them and not do anything. Human interventions are absolutely necessary and if some company claims no manual intervention, research the claim thoroughly. To date, there has not been a single algorithm that can rightfully claim complete unmonitored forex purchasing.

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All forex automated systems require you to make the final decision. If the systems were as good as they claim to be, then wouldn't it mean a computer alone can handle all the trading on the floor?

Automated Forex Review - Making Money on Autopilot

Further, automated forex systems can help you streamline your choices. Remember that despite its flaws, these forex systems have been programmed to increase and maximize the worth of your investments. They have been developed after years of refinement and you can give its recommendations a serious thought. Automated forex systems however cannot be programmed to take in all factors, and this is something that you need to keep in account.

A regularly updated automatic forex system can go a long way in helping you make wise choices when it comes to the forex market. In the end, make sure that you buy a reputed product and watch your gains go up. It is important that you place faith in the right product to get the results that you want.

Automated Forex Review - Making Money on Autopilot

One of the best ways to figure that out which of these forex systems is the best is to check out a forex robot reviews page [http://www.dailyforexinformation.info/forexrobotreviews.html] These pages give unbiased reviews on the best forex robots currently on the market. One of the best sites known for doing this is http://www.dailyforexinformation.info [http://www.dailyforexinformation.info/forexrobotreviews.html]

You can always be sure that they will keep up to date on the best forex robots.

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The Positive Effects of Globalization

Globalization has a relatively new idea that the world has been embracing. The positive effects of globalization are numerous and extremely beneficial for everyone in all countries. It has been the most successful prosperity and anti-poverty movement in modern history.

The Advantages Include...
Forces businesses to compete on a global scale. This allows the market place to really work and gives consumers a better advantage. No long will businesses be able to corner markets because politicians protect them. They'll now to compete with foreign businesses that may or may not be able to do business more efficiently. Countries move to market sectors that they are better at. This simply means that the labor in a country is going to do what it's best at. There is no need for Americans to do manufacturing when someone in China can do it better. Our labor is better served doing something beneficial. The consumer is the real winner. Despite the desire from some politicians to protect workers, there are far more consumers than there are workers, but no one wants to seem to protect them. Consumers should not be forced to buy over priced goods from American buyers when you can get the same quality for less if it is made in China. Now consumers can get the best products for the best prices. Everyone grows more prosperous. Just look at China and India. Before globalization they were very poor countries. The standards of living were extremely bad. Now these people are becoming more prosperous. These countries having mega economic booms. People that could never afford a car are now getting them. Not to mention the fact from the consumers side that are benefiting from saving money which can be used to save or spend on other things.

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These are the positive effects of globalization. It is a movement that is pro-free trade, pro-prosperity and anti-poverty. It is helping the developing world raise it's standard of living as well as raising the standard of living in the developed world.

The Positive Effects of Globalization

The Positive Effects of Globalization

For more information on the greatness of capitalism and individual freedom, check out Capitalist Shrugged.

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