Financial managment project Essay Example | Topics and Well Written Essays - 2000 words

Financial managment project - Essay Example TAQA is operating in a multi-billion-dollar global market oil and energy market. As a result of this, the financial performance of TAQA is determined by the trend in the global market. Lately, the price of oil has been erratic, and this has also affected the economic standing of many oil companies worldwide, TAQA inclusive. Some of the major competitors of TAQA are Shell, Chevron, British Petroleum, and Exxon Mobil. These financial analyses will unravel the suitability of TAQA for investment as it reveals the level of profitability, durability and the benefits any future investors could gain by putting their hand-earned money on the company. (I) Level of Profitability: From the fiscal year 2007 to 2009, Abu Dhabi National Energy Company demonstrates a healthy level of profitability. This observation can be supported with the following data: In 2007, TAQA’s average profit margin was 0.12, and its returns on equity was approximately 0.12. These are encouraging figures because 2007 was a terrible year in the energy market. It was the period the oil price shot up to the sky and made energy business almost seemed unprofitable. However, TAQA was able to have an appreciable return on assets that worth 0.015. The following year (in 2008), TAQA’s profit margin increased considerably to 0.19, and its returns on equity did a lot better coming to 0.2, while the returns on asset surprisingly came to 0.02. These results indicate the fact that the profitability of TAQA increases every year. Although, the year 2009 is different because the financial crisis that began in the United States also affected TAQA, bringing its profit margin down to 0.01, its returns on equity plummeted to 0.014 and its returns on assets shrank to 0.001. However, there is every possibility that once the financial crisis is over, TAQA will be abl e to rebound to its profitability level. (ii) Degree of Solvency: The analyses

Lab report Essay Example | Topics and Well Written Essays - 500 words

Lab report - Essay Example Apart from primary aluminum obtained from bauxite, secondary aluminum and aluminum compounds are obtained through recycling. Recycling aluminum prevents depletion of aluminum ore reserves. Compared with primary production, production of secondary aluminum requires a lower amount of energy. (Davis, 1993) One compound that can be obtained by chemical treatment of used aluminum is potash alum. Potash alum or common alum (potassium aluminum sulfate dodecahydrate, KAl(SO4)2.12H2O) is a double salt. The Al3+ ions in alum act as flocculating agent during water treatment and purification and also as a blood congealer in medicine. (Atkins & de Paula, 2006) To investigate a possible method for recycling used aluminum cans, potash alum was prepared from a piece of aluminum can. Feasibility of the recycling process was studied by calculating the percentage yield. Collecting and weighing aluminum. The aluminum beverage can was washed. A 5Ãâ€"8 cm piece of aluminum was cut from the can. Paint from the outer surface of the can and plastic from the inner surface of the can were scraped off. The aluminum piece was cut into small squares. The aluminum squares were weighed and 0.996 g of aluminum was placed in a 250 mL beaker. Addition of potassium hydroxide. To the aluminum in the beaker, 50 mL of 1.4 M potassium hydroxide was added. The reaction mixture of aluminum and KOH was heated on a hot plate in the hood. Heating was stopped when the mixture turned grey. Vacuum filtering. Vacuum filtration apparatus was set up. The hot solution was vacuum filtered. The beaker used was rinsed with distilled water (5 mL) and this solution was also vacuum filtered. The filtrate obtained was cooled in an ice-water bath for a few minutes. Addition of sulfuric acid and crystallization of alum. To the cooled filtrate, 20 mL of 9.0 M sulfuric