The State Judicial Selection Process Assignment

The State Judicial Selection Process - Assignment Example Once a judicial officer ir a judge has been appointed, it would be expected that he or she would serve for a period of one year and then they would be subjected to a retention election based on the positive and negative affirmative yes or no. it is important to note and mention that the one year probation year serves as a litmus test to gauge the service and effectiveness of the judge. In any case the retention panel notes or realizes that the merit and quality of the judge has taken a dip of whichever aspect, the judge would not be re-elected and henceforth lose his or her judgeship position and stature. If a judge is elected his or her term would begin after the first Tuesday after the first Monday in January. Accordingly, there are irreducible minimums that are involved if a person wishes to serve as a judge in the state of Florida. The person must have practiced law and exhibited signs of excellence for a minimum period of ten years. The same person must be below the mandatory retirement age of seventy years, since it is a design that at the age of seventy the judges would have to retire. Another qualification is that the person must be a qualified elector within the legal fraternity and parameters. Intuitively, the vetting committee or panel would have the opportunity and chance to verify and interview an applicant then forward the same list of names to the governor of the state. The judicial nomination committee fronts the names of the three to six competent candidates to be considered for judgeship to the governor who is the appointing authority. In Florida, in case a vacancy occurs such as through resignation or natural death or cause, the judicial nominating committee would conduct vetting on the interested persons. The names of the successful applicants would then forward the name to the governor so that the vacancy would be filled accordingly. In Texas, the selection process

The Home Depot, Inc. Annual Report in Fundamentals of Financial Essay

The Home Depot, Inc. Annual Report in Fundamentals of Financial Accounting - Essay Example Interest paid on borrowed money is deducted from total operating income to get earnings from operations before making provisions of income taxes. Earnings net of tax are known as net earnings that can be appropriated among shareholders. The income statement is extremely important for any business operations; otherwise, one cannot know whether one makes profit or loss. The statement has been so designed that it informs about gross profit, operating profit and net profit that enables decision maker to understand weaknesses in its business operations by noticing any extraordinary over expense in percentage terms in relation to peer companies. For example, gross profit in percentage terms is higher or lower indicate whether its raw material procurement is efficient or not. Incidence of above normal selling or administrative expenses can be found from the operating profit and decisions can be taken to reduce those expenses to improve the results. Depreciation is another head that is deducted from the gross profit to arrive at the operating expense. Depreciation is not an out flow of cash; on the contrary it generates cash for the firm. A. The balance sheet is important financial statement that provides information about the companys assets and its liabilities. Financial structure of any company is made of venture capital (equity) and loans (debt). Usually, debt part is kept to a level where interest payment does not become so much that the firm find it difficult to pay for it. Balance sheet informs about how funds have been used to create its assets – current and fixed assets. It is the nature of business that decides what proportion of funds will be deployed to create fixed assets or current assets. Hospitality business needs more significant amount to create fixed assets and little for current assets. Conversely, capital intensive businesses such as steel or aircraft manufacturing need more funds to create fixed assets that