Monthly Archives: January 2017

New York Aquarium

This aquarium is located in Brooklyn. The aquarium contains more than eight thousand aquamarine animals. The more attractive part of this aquarium is its design, which allows the visitors to watch the animals swim in the large aquarium. The purpose aquarium is to educate the visitors about different aquamarine species and also to promote the message of preserving the ocean wildlife.


The first New York Aquarium was built in Battery Park, which was shut down in 1941on the suggestion of Robert Moses that the construction of tunnel from Lower Manhattan to Brooklyn will affect the Castle Clintons foundation. The animals were then moved to the Bronx Zee. The new aquarium was opened after the Second World War on June 6, 1957 in Coney Island.

The aquarium is located over an area of 14 acres. There are more than 350 species of animals kept in the aquarium. It also has a famous research center named, Osborn Laboratories of Marine Sciences (OLMS).

The Aquarium

New York Aquarium has many different types of ocean life for exhibition. At the entrance of the Aquarium, a map is given for the convenience of visitors to locate different sections easily.

Feedings and Demonstrations

Visitors can see the staff while feeding the marine animals, such as walruses, sharks and penguins. You can find feeding times posted in various location of the aquarium. Demonstration exhibition will allow the visitors to touch the skin of the shark.

Animal Enrichment

Special care is taken to improve the living conditions of the marine animals in the aquarium. This will enrich the visitors visit to the aquarium.

The Aquatheater

Aquarium has an Aquatheater as well. This Aquatheater was open in 1995. You can watch the dolphin performance in this theater. Dolphin will perform different tricks to amuse the visitors. You just need to show the admission ticket and they will allow you to enter the theater.

Explore the Shore

This is feature is popular among the children. In Explore the Shore, the visitors will have a hand on experience with the tidal waves. The touch pool is the place where you explore the shore. The timing of touch pool from Monday to Thursday is 11a.m. to 3 p.m. on Saturday and Sunday the timing for touch pool is 10 a.m. to 4 p.m. On Friday and other holidays it remains close.

Sea Cliffs

Sea Cliffs is the place where you can watch the walruses, sea otter and fur seals. Watching these creatures in Sea Cliff is a great fun. The staff also tells you some facts about these creatures.

Roy and Silo

These are name given to two penguins in aquarium. These penguins are the most attractive feature of New York Aquarium.

The Deep Sea 3-D Simulator Ride

The aquarium offers a submarine ride called Deep Sea 3-D Simulator Ride. You need to buy a separate ticket to participate in the ride. This ride will take you to the bottom of ocean.


The best feature of the aquarium is that it has a variety of marine animals. Whales, sharks, penguins, sea otter, fur seals, walruses, jelly fish, Beluga whales and many different type of fish.

You might also want to learn about Aquarium in New York and Botanical Gardens in New York.

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The Truth About Business Factoring And The Real Factor Cost Of Ar Finance In Canada

You can’t handle the truth! Or can you ? We think you will be able to once we review the basics around business factoring in Canada, what is the true factor cost of AR finance (ar = accounts receivable).

Your firms ability get financing around the most liquid and accessible business asset you have, your receivables, is what can make or break many small and medium sized businesses . The big corporations seems to have this down quite well already , as they have large sophisticated infrastructures for credit and collections, as well as access to corporate borrowing and securitization facilities that smaller companies just don’t have .

But you still have access to business factoring – all we can warn you about is that it’s important to understand your true cost – (it’s not what you think it is!) and, even as critical – picking your partner in this method of Canadian business financing.

Is your firm eligible for a business factor facility? If you can answer yes to one single question – ‘ Do you have accounts receivable?’ then, you guessed it, you’re eligible! In many cases if you are working with the right firm you can blend in receivable and purchase order financing into the same facility – the names tend to change then, as we refer to that as asset based lines of credit and working capital facilities.

So, it’s always about cost, right? We don’t think so, but our client’s sure do, so let’s invest some time to discuss the real factor cost of ar financing in Canada. Part of the problem in addressing the cost issue is the perception by clients, totally understood of course, that factoring costs are viewed as interest rates by the borrowers.

That’s not how the industry views it; they are buying something you are selling, at a discount. That discount rate is often (99% of the time!) interpreted as an annual interest rate. So while the factor firm buys your receivables at a rate of between 1-3% (on a monthly basis) our clients gasp and view that as 12 – 36% annual percentage rates.

So, how do you assess the factor cost then? Here are the elements you should consider in assessing business factoring in Canada. First of all, if you don’t have some decent gross margins on your products or services then even bank financing or carrying your own receivables is expensive. So a solid gross margin is important.

To calculate your margins of course simply take your gross income and divide that number by your sales revenue and express it as a percentage. The number of course shows you how much you are making considering the costs you incur in actually producing that product. Naturally service companies have usually great margins, because there is no direct cost of sales.

Other issues to consider in understanding the true cost of factoring is how long it takes to collect your receivables, as well as the actual cost it is taking you to carry that investment . And don’t forget the concept of lost opportunity – you can take you factoring cash and turn that into additional sales and profits, as opposed to waiting for a cheque to come in 60- 90 days later.

Our final point is that the cost of factoring can be significantly offset by your ability to take discounts and purchase in a smarter fashion, in quantity, etc.

In summary, the true factor cost of AR finance is probably not what you think it is. Thousands of firms that use and offer this service can’t be wrong. Speak to a trusted, credible and experienced Canadian business financing advisor for assistance in understand the real cost of business factoring in Canada. You might just be surprised, and find you can handle the truth!

Stan Prokop is founder 7 Park Avenue Financial ; see

Originating financing for Canadian companies,specializing: working capital, cash flow, and asset based financing , the 6 year old firm has completed in excess of 45 Million $ of financing for companies . For info / free consultation on Canadian business financing / contact details see:

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