Revision: Yl:office Administration
Revision: Yl:office Administration
Revision
Contributor b. Follow-up letter
c. Solicited application
ELLO, STUDENTS! This week I will turn your attention to d. Job-offer letter
yl:english literature
BERYL CLARKE brother considers himself as superior to him and, therefore,
Contributor
yl:principles of accounts
ROXANNE WRIGHT During the year ended December 31, 1998, the company
Contributor
Company account made a trading profit of $425,000 before payment of interest. [>3]
No interim dividends were paid during the year. The directors
1. What are shares? dividend holders are lenders or creditors of the company. Some decided to pay the dividends due on the preference shares, to
They are different types of capital such as: features are: transfer $20,000 to general reserve, and to recommend a dividend
Ordinary shares They carry a fixed rate of interest which must be paid yearly, of 15% on the ordinary shares.
Preference shares whether the company makes profit or not. The balance of profit brought forward from 1997 was
Debentures They do not entitle the holders to participate in the running $10,400.
of the company, as they are considered outsiders and not owners. You are required to prepare the profit and loss appropriation
2. Define and describe THREE features of each type of shares They have priority to repayment of principal upon liquidation account for the year ended December 1998.
listed above. of company over preference and ordinary shareholders.
Ordinary shares are certificates of ownership to a company. The REASONING
features are: WORKED EXAMPLE These qualify for half-year dividends only.
i. They carry no fixed rate of dividends; this means that if the The details of capital structure of On Time Transport Ltd, are as follows: These shared do not qualify for any dividends.
company makes high profits, they may get very high returns Deduct debenture interest before appropriating the profit.
depending on the director’s proposal. On the other hand, they may
AUTHORISED SHARE CAPITAL
not get any returns at all if the company suffered losses or made
4,000,000 ordinary shares of $0.50 each. EXAMINATION PREPARATION TIPS
low profits.
ii. They carry voting rights. 400,000 12% preference shares of $1 each. As you get closer to your examination, to assist with your
iii. Upon liquidation, they are the last to be repaid; this means 600,000 10% preference shares of $1 each. preparation, I encourage you to:
they may get nothing at all. Choose a study time and stick to it, be it early mornings or
ISSUED SHARE CAPITAL late evenings.
Preference shares are special shares preferred over ordinary Acknowledge the benefits of early mornings which are many:
3,200,000 ordinary shares of $0.50 each, issued on May 30
shares simply because they: 1979. times are quiet, cool and fresh.
Carry a fixed rate of dividends; this means that no matter 400,000 12% preference shares of $1 each, fully paid, Solve at least one question per day to keep the grade one in
whether the company makes high or low profits, the same rate of issued on May 30, 1979. your reach.
dividend is paid to the holders. Hence, dividends do not fluctuate 300,000 10% preference shares of $1 each, fully paid,
according to profits made. issued on June 30, 1998. [>1] This is where we end for this week; join me next week as we
May be cumulative, which means that if the dividends are 300,000 10% preference shares of $1 each, fully paid, continue to complete the syllabus. Grasp the concepts and retain
not paid in one year, they are accumulated to the following year. issued on December 31, 1998. [>2] them; you will need them as you progress to excellence. See you
Are given priority over ordinary shareholders for repayment next week.
upon liquidation.
LOAN CAPITAL Roxanne Wright teaches at Immaculate Academy. Send questions and
Debentures are long-term loans to companies; this means the $800,000 10% debentures repayable December 31, 2009. comments to [email protected]
Polymer – Part 2
FRANCINE TAYLOR-CAMPBELL expensive. Water-soluble plastics are also being made, which will
acid or sodium hydroxide. A similar process occurs in the
stomach when enzymes break down the protein in the stomach
and in the intestines.
Assimilation
farms for 1,193 families.
4) Products produced in the overseas department could enter
European countries at very low duties. This would be as if it were
produced in France itself. This showed that France was able to
secure preferential duties for its colonies.
5) A lot of money was also injected into the tourism industry
DEBBION HYMAN developing a local identity. The system allowed only for French and seaports so that trade could develop.
Contributor values and, in reality, they were Caribbean people. Many accepted 6) The greatest benefit of assimilation was that persons in the
assimilation by 1946, however, as the territories were overseas department had representatives in the general council or
experiencing financial difficulties as a result of the decline in National Assembly in France. This allowed them to feel they had a
OBJECTIVE
sugar prices – being a department of France they would not have say in the political life of the country.
Explain why the French-colonised Caribbean territories have assumed financial autonomy. As a consequence, they received
not yet achieved independence. 7) Citizens were entitled to social security payments in
subsidies and aid from France. conditions of illness and unemployment.
The French Caribbean took another alternative to The Second World War served as another impetus for the
independence. In 1946, Guadeloupe, Martinique and Guyana territories to accept assimilation as, during the war, the colonies PROBLEMS WITH ASSIMILATION
became overseas departments of France. They were to receive the were cut off from France. The council assumed greater autonomy Though there was satisfaction with elements of assimilation,
same rights and benefits as the 90 departments in France itself. A in the running of the affairs of the colonies. there were challenges with the system. The issues included:
prefect replaced the governor in each territory, who, because of 1) Seasonal unemployment – primarily due to the tourist trade.
the distance from Paris, held more power than his metropolitan 2) Low wages.
counterparts did. The prefect had specific responsibilities, such BENEFITS OF ASSIMILATION
3) There was little exploitation of the natural resources in the
as sanitation, road and bridge maintenance, healthcare and Assimilation did provide benefits for colonies. For example, French Guiana did not make much
education. In the Caribbean departments, the prefects had extra people living in these colonies. This use of its bauxite reserves.
powers, such as control of the armed forces. was reflected in many of the 4) Growing discontent with the council.
social programmes undertaken
The persons in the overseas departments were given many by the French. Some benefits The structure of departmentalisation was modified
rights, as they could elect deputies to sit in the French Assembly the colonists experienced in 1954 with the following changes. There were
and Senate. This meant they were directly represented and they included: changes with political administration, economic
could lobby for laws/policies beneficial to persons living in the 1) Funds from the French policies and social policies. Specific bodies were
overseas departments. They also elected local general councils Treasury were sent directly to created to deal with the overseas departments, and
which were given increased powers in the 1960s. From 1960, the colonies. The funds were power was redistributed to allow a greater level of local
French laws intended to apply to the overseas departments had used to improve roads, health involvement in decision-making.
first to be sent to their councils for consideration. At the same services and schools. Enrolment
time, the councils were given the right to put their own proposals catapulted once the French started In France in 1958, a secretary general was created and he
for laws to the central government in Paris. Overseas councils putting funds into the system. was given the responsibility of administering the overseas
were also given wider control over the spending of government 2) Funds were also used to start massive department. The secretary general was assisted by a inter-
investment funds. housing programmes for middle- and lower- ministerial committee of the overseas departments. In 1960, the
income families. powers of the prefect and the council were also increased. Thus,
Prior to assimilation, these islands had a governor and a 3) The government also bought there was a greater input from individuals more knowledgeable
general council. The governor represented the interest of unused land to redistribute to in local affairs.
France and the council represented the interest of the locals. families that were
Under departmental status, the governor was replaced by a landless. For In 1961, there was the passing of the agrarian law;
prefect. The general council was retained but it was in 1963, the equalisation of family allowance; and
powerless, as key sectors that were previously in 1965, the equalisation of wages with those
under its portfolio (for example, finance) were earned in France. Thus, some attempt was
removed. made to make living standards in the
departments more in line with that of
OPPOSING FACTIONS France. The results created social and
With the creation of overseas departments in 1946, economic growth, but the unemployment
many political parties were formed to fight for seats in the and underemployment figures remained
general councils and the assembly in Paris. On the one hand, high. Dependence on France continued with
some groups were in favour of departmentalisation, as they had the economy of the departments becoming
no problems with rule from France. The whites and coloureds increasingly tied to France.
were most in favour of this. On the other hand, some persons
Debbion Hyman is an independent contributor. Send
wished for self-government, or autonomy. They felt that France questions and comments to
had too much control over the territories and they were not [email protected]
Arrays FOR k := 1 to 10 do
Begin
EXAMPLE 1 (IN THE CASE OF KNOWING THE NUMBER OF ITEMS BEING STORED)
Design an algorithm that reads a list of 10 students’ unit test grades, find the average of the unit
READING VALUES INTO AN ARRAY USING A ‘FOR’ LOOP test grades and output the unit test grades and the average unit test grade.
A ‘for’ loop is used if the number of values to be read is known. On the other hand, a ‘while’ loop is
use if the values to be read is unknown. CONTINUED ON PAGE 19
.
EXAMPLE 2
Read 10 values into an array called VAL: use k as the index value. The input data is:
EXAMPLE 3 We have come to the end of this lesson. Remember, if you fail to prepare, prepare to fail.
^ƵďƐĐƌŝƉƚ ƵƐĞĚ Natalee A. Johnson teaches at Ardenne High School. Send questions and comments to
ŝŶǁŚŝůĞ ůŽŽƉ͘ [email protected]
EĞǁ ĐŽƵŶƚĞƌ ;^ĞĞĞdžĂŵƉůĞϮͿ
ŝŶƚƌŽĚƵĐĞĚ
For a := 1 to j do
Begin
writeln(UnitTestGrade[a]);
End;
NB: The subscript you introduce should be used throughout the use of the ‘for’ loop.
EXAMPLE
A program is designed to accept and output the names of four movies in an array called
movie_options.