The Modern Era - 1014 Words

Prestigious artists in the modern era have created highly abstract and non-representational work. The average everyday person who looks at Kandinsky, Picasso, or Duchamp may genuinely believe that they can produce better work without any art experience. But from their lack of art history they will not be able to produce work that has deep meaning like Picasso, or psychoanalysis of color theory like Kandinsky. Firstly, Kandinsky’s â€Å"Composition VII,† initially seems messy, unorganized, or even accidental. But the colors are not random; each color has a purpose behind it. He analyses color to the point where he made a â€Å"Basic Color Theory† analysis. For example, the yellow represents joy, happiness, satisfaction. Kandinsky says, yellow is â€Å"warm,† â€Å"cheeky and exciting.† In life yellow is seen in nature and fast-food industries. The yellow sun is commonly preferred over a dark black sky at night; Vitamin D from the sun is necessary as it increases biologic hormones, hence, makes a person more positive and joyous. Similarly, the McDonald’s logo of the â€Å"Golden Arches† is bright yellow. This color was chosen because it evokes a positive emotion. Therefore, even though â€Å"Composition VII† looks like a random mess that a child could do there is significant breakdown behind the color palette. Understandably, kids like bright colors and various sounds. In 1923, â€Å"Composition VIII† by Kandinsky presents another theory; that color and line are reflective of sound/music. TheShow MoreRelatedThe Modern Era Of Globalization854 Words   |  4 Pagesconsumer, but when you look more deeply you find that no sector of the supply chain or even the economy has been unaffected by the changes of Globalization. Age of Globalization The modern era of Globalization was the culmination of three major changes to the world. First is the ease of production introduced by the industrial era. Production was centralized in factories and allowed for the economics of scale and specialization to take hold. Assembly line efficiency has been enhanced by supply chainRead MoreThe Modern Era Of Reporting944 Words   |  4 Pagescome a long way since its early time, but has remained the same fundamentally. This essay will explain the different types of eras in reporting the news, starting from the colonial era all the way to what is currently called the modern era of reporting. This will also define the terms of the Penny Press, Jazz journalism, Yellow journalism, and Muckraking to its specific era. In 1690, Benjamin Harris published the first American newspaper. Freedom of press wasn’t exactly in style at the time, andRead MoreEvolving Into A Modern Era1121 Words   |  5 PagesMeeru Chaudhary November 18th,2015 Business Law 160 Wednesday 6:55-9:20pm Evolving into a Modern Era The universe of Web and online law is dynamic, growing and progressively imperative. As rising advances push the limits of the current legitimate scene, courts and administrators are compelled to consider the suggestions that emerge from the crossing point of laws and the internet, both in translating current laws and in drafting new laws and legal choices. Email and a virtual vicinity empowersRead MoreThe Beginning Of The Modern Era1309 Words   |  6 PagesThe Beginning of the Modern Era The Industrial Revolution has been one of the social historical event that transformed the way of economic thinking of humanity towards improving living conditions, was also ironically factor at the same time triggered that slowly and gradually they last the resources the planet provides us for our subsistence, unable to even provide a viable response that allows the renewal of such resources. The critical point is that they have not been enough isolated attempts thatRead MoreNurses And The Modern Era1696 Words   |  7 PagesJacob. There are also many parables that showed acts of nursing. Helping your sister with a bruised cut can even be a form of nursing. Although nursing has a big impact, it is also very broad and versatile. The field of nursing has adapted to the modern era we live in, contains many careers, requires certain characteristics, can be an occupation for males and females and provides a bridge of trust between the community and the health sector. In the beginning, nurses were restricted to only helpingRead MoreThe Renaissance Or Modern Era Essay1761 Words   |  8 PagesThe fifteenth century was a time when Italian culture embraced the arts and the artist responsible for transforming medieval artistic style to what is called the Renaissance or modern era. The Renaissance emerged in Florence during the fourteen and fifteen centuries, where the interest of expression that had been suppressed, broke free and emerged with a sense of creativity, reproducing their ancient culture. The sense of creativity gave birth to the Renaissance and the emergence of humanism, resultingRead MoreLgbt History And The Modern Era1737 Words   |  7 Pagesmajority of groups of people and historical events. This essay will prove that there is a problematic issue where LGBT lives and existences are being erased throughout history and the modern era. Throughout, it will be explained how these groups of people are being underrepresented within histor y, major wars, and the modern era. History covers a very broad spectrum of time, with recorded history going as far back as five thousand years. Yet, within this period of five thousand years, history books implementedRead MoreThe Modern Era And Its Impact On The World1086 Words   |  5 PagesThe Modern period is a cultural movement that has a lasting impact on the world. The Romantic period provoked everyone to rebellion and two of the greatest revolutions, the American and French, were an outcome of that period. Thus, the Modern period was born when the Romantics faded out and this shift in culture changed the world forever. Modernism changed the way people lived in a number of different reasons, but there are three that stood out from the rest. The Modern Era changed the world throughRead MoreModernism And Its Impact On The Modern Era847 Words   |  4 PagesThe twenty-first century is developing into a time of technological developments and the beginning of the Modern Era. The early Modern Era was known as a ti me of exploration and globalization. Globalization is the interconnection of countries; there is an active exchange of commodities, ideas, and philosophical thoughts. With the development in technology such as cell phones, airplanes, Internet, and social media; it has made the growth of transportation and communication networks possible and muchRead MoreEating Disorders And The Modern Era1481 Words   |  6 PagesDiagnosis Eating disorders are becoming more common in the Modern Era. Millions of people all across the U.S. are being diagnosed with an eating disorder. Each eating disorder that an individual can be diagnosed with has different characteristics. When questioning if someone has an eating disorder, the individual typically begins to eat differently than usual if even at all and cares more about their appearance and body weight. There are different stages to one’s illness that determines the

The Prohibition Of Intoxicating Substances - 1786 Words

The prohibition of intoxicating substances is an issue that Americans have wrestled with since 1920; when liquor’s status as an end-of-the-day treat became that of an illegal poison. The prohibition of alcohol was brought about by advances in the fields of medicine that revealed the various detrimental effects of overconsumption. During the 14-year period of time between 1920-1933, known as â€Å"Prohibition,† local illegal alcohol establishments, or â€Å"Speakeasies† exploded. A government commissioned report concluded, â€Å"the number of speakeasies throughout the United States ranged from 200,000 to 500,000,† (Lee, 68); meaning that the government’s goal to hamper the demand for alcohol was not effective. The alcohol-based boycott of the 30s and 40s is a good historical model of modern-day drug prohibition. Just like with alcohol during its tenure of illegality, the flow of drugs is not being stopped simply because of the laws and policies in p lace barring trafficking, sale, and consumption. Just like with alcohol during its’ prohibition years, a black market is thriving on sales of illegal substances, that in turn puts money in to the pockets of criminals. From the 1.5 billion dollars that the federal government allocated to combat drugs in 1985, the amount has risen to an unprecedented 17.7 billion in 2000 (Office of National Drug Control Policy). When you pair that statistic with the findings that the percentage of the population 12 years or older that consume drugs has risen fromShow MoreRelatedThe Consequences of Prohibition Essay580 Words   |  3 PagesThe Consequences of Prohibition On the midnight of 28th October 1919, importing, exporting, transporting, selling and manufacturing of intoxicating liquor came to a halt in America. Possessing substances above the 0.5% alcohol limit was illegal. This was Prohibition. This Eighteenth Amendment was meant to have reduced the consumption level, consequently to have reduced death rates, poverty and principally crime, in the USA. Yet this had quite the opposite effect. TheRead MoreLegalize Marijuana; Annotated Bibliography Essay1381 Words   |  6 PagesAnnotated Bibliography on the Legalization of Marijuana Marijuana is the most commonly used illegal substance in United States and in many other countries; this is a statement that seems to be in each article that is written about the legalization of marijuana. This is a subject that has been up for debate for quite a few years now. There are many people who support the legalization of this drug and are strongly convinced that marijuana is not a drug in which one should be punished for, but ratherRead MoreProhibition in America: The Rights of Individuals vs. the Responsibilities of a Nation 1612 Words   |  7 Pages PROHIBITION IN AMERICA The Rights of Individuals vs. the Responsibilities of a Nation â€Æ' The 18th Amendment to the United States Constitution prohibited the manufacture, sale, transport, import, or export of alcoholic beverages† . This historical, yet short era, known as â€Å"Prohibition†, set an example that is still referred to today. As people scrambled all around the country trying to illegally obtain alcohol, the country was once again in a state of chaos. As part of a Christian based temperanceRead More absolut Failure Essay1685 Words   |  7 PagesThe social changes during this period are reflected in the laws and regulations that were implemented. One of the most prominent examples of this was prohibition. The 18th Amendment to the Constitution, or the Volsted act as it is also know, was implemented to eliminate the use of alcohol in the United States. In doing this, the advocates of prohibition hoped to also eradicate the social problems associated with alcohol. â€Å"It was an attempt to promote Protestant middle-class culture as a means of im posingRead MoreThe Nightmare of Prohibition Essay1690 Words   |  7 Pages exporting, transporting, selling, and manufacturing of intoxicating liquor was put to an end. The Congress passed the Amendment on January 16,1919, but it only went into effect a year later. The Volstead Act was passed with the Eighteenth Amendment on October 23, 1919. The Act was named after Andrew Volstead, a Republican representative from Minnesota. The Volstead Act, also known as the National Prohibition Act, determined intoxicating liquor as anything having an alcoholic content of more thanRead MoreProhibition Essay1739 Words   |  7 Pages exporting, transporting, selling, and manufacturing of intoxicating liquor was put to an end. The Congress passed the Amendment on January 16,1919, but it only went into effect a year later. The Volstead Act was passed with the Eighteenth Amendment on October 23, 1919. The Act was named after Andrew Volstead, a Republican representative from Minnesota. The Volstea d Act, also known as the National Prohibition Act, determined intoxicating liquor as anything having an alcoholic content of more thanRead MoreUnintended Consequences of Prohibition1537 Words   |  7 Pages(1) Before the prohibition of alcohol existed in the United States people freely drank alcohol, mainly beer, some responsibly and some irresponsibly. The government was able to collect quite a substantial amount of tax revenue for the manufacture, transportation, sales, and consumption of alcohol. In the years leading up to the prohibition of alcohol the rates of serious crime and alcohol consumption were steadily dropping, they rose during the mid – latter years of prohibition. There were relativelyRead MoreThe Prohibition Of The Nineteenth Amendment1026 Words   |  5 PagesThe prohibition movement was highly successful in achieving government recognition of the eighteenth amendment yet failed to gain public support. The volstead act of 1919 allowed for the implementation of the Eighteenth Amendment to the U.S. Constitution, which established National Prohibition of alcoholic beverages and defined intoxicating drinks as â€Å"those with an alcohol content of 0.5 percent by volume of more. From This banned the manufacture, sale, transportation and importation of alcoholicRead MoreEssay on The Prohibition and NASCAR624 Words   |  3 Pagesperiod long gone. Located within the Westerville Ohio library, it houses important artifacts and memorabilia from the Prohibition era. At the height of its popularity, the league was a national organization which boasted branches across the United States.4. Along with various Christian organizations, the league was able to marshal resources that enabled it to bring the prohibition fight to congress and the senate. Tours and group presentations expose curious visitors to the inner workings of the leagueRead More Pro Legalization of Marijuana in the United States Essay1689 Words   |  7 Pagesof this drug. With this in mind, you can’t legislate the morality of a society when the society itself disagrees on what is actually considered moral. If pot was made a legal drug it would also greatly affect the crime rates in the U.S. Legal prohibition does not stop consumers from purchasing or using illegal drugs. By instituting a system of regulations on the drug, as with alcohol or prescription drugs, illegal drug prices would fall, leading to lower prices of the drug, therefore related crimes

Essay on The Moral Decline - 1123 Words

Is our society in a state of moral decline? To answer this question we have to define the word â€Å"moral† first. In Merriam-Webster dictionary the definition of the word moral is â€Å"Concerning or relating to what is right and wrong in human behavior.† From this definition we can understand that a moral decline is a decline in knowing the different between right or wrong. In another word our moral is like a guide for every choice we make in our life. Therefore anything could affect our moral reasoning would affect our life. So is our society is a state of a moral decline? I think yes our society in a state of a moral decline because of the raise of pornography, the increasing divorce rate, and the economy. First of all, the rise of†¦show more content†¦Now if we would look at the 17 year old over weight girl that did not get Miley Cyrus chance what would happen to her? She will start thinking and believing that she is ugly and unwanted because all attention goes to the other girls, which will affect her moral reasoning. Pornography is of the major reasons of divorce in the United States. Dr. Jill Manning â€Å"found in her research that 56 percent of divorce cases involved one party having an obsessive interest in pornographic websites†. According to the CDC, the number of divorces in 2012 was 877,000 divorces, which means that there is 491120 families are Separated because of porn. That mean that pornography is affecting our family structure, which will affect our values and they way we look at the society. Secondly, breaking out family structure is one of the reasons of our moral decline. Family is the smallest unit of society, so we have to protect it from anything that can affect its unity. Affecting the family unity will have a great impact on children life. One of the impacts is that it could create a stressful life for the child. Divorce usually causes changes in the child living environment like school, home, family member, and their relationship. â€Å"Research have found that the more they family moved form place to place they more likely that their children will drop from school or become pregnantShow MoreRelatedEssay on Americas Moral Decline2015 Words   |  9 PagesAmericas Moral Decline One of the most pressing problems facing America today is our moral crisis. This problem is one that is related to many other social dilemmas. It has a correlation to our rising crime rate, drug usage, and a trend towards sexual irresponsibility. It is imminent for Americans to find a cure for this moral disease lest we are bound for chaos. In order to solve this problem we must first, as with any problem, determine the causes. One of the causes is the overallRead MoreThe Moral Decline Of Teens And Youth903 Words   |  4 PagesThe moral decline in America with teens and youth is rapidly changing every day. Three main reasons would be social media, sexual publicity and doing more drugs. If you look back on the old days you can see how bad this world is coming too and the dangers we have ahead of us. People do not notice what has happen over the past 50 years because they do not believe it. Kids in this century are using website to hook up with random people just to have se x and other things. This needs to stop becauseRead MoreMoral Decline in the United States Essay1526 Words   |  7 Pagesis not a moral decline going on. I have heard things such as, â€Å"the ratio of moral people and unmoral people is the same as fifty years ago; as the population grows the amount of moral and unmoral people grow too.† And what about â€Å"life around us is changing, we just have different priorties and values which determine our morals.† Everyone has their own idea of morality, what’s right and wrong and what is causing this moral decline, if there even is one. I believe there is a moral decline in our countryRead MoreEssay on Young Goodman Browns Moral Decline1104 Words   |  5 PagesYoung Goodman Browns Moral Decline  Ã‚     Ã‚  Ã‚   The symbolism of Young Goodman Brown’s moral decline bypasses the conscious, logical mind and is located in a more dreamlike process. It is interpreted to show that no one truly falls into the category of good or evil. Hawthorne’s use of symbolism shows the neutrality between good and evil and appearance and reality so that the reader is unable to comprehend the difference. Throughout the story, good and evil are described through a bombardment ofRead More The Decline of Morals and Morality in America Essay examples1306 Words   |  6 PagesAmerica is in a Moral Decline      Ã‚  Ã‚   The founders of America believed that a popular government and its laws necessarily rested upon an underlying moral order that preceded both the state and man-made law. They referred to this transcendent moral order in the Declaration of Independence as self evident truths and the laws of nature and of natures god (Barr pg. 211). For a republic to work, the founders thought, the people had to internally guided by commonly shared moral values. The foundersRead MoreThe Main Reason For Collapsing Of Roman Empire And America843 Words   |  4 PagesMoreover, moral decline was the main reason for collapsing of Roman Emperor; America suffered the decline of moral value for a long time. In 2015, the decline of the moral is most considerable issue for America because the rate of single-parent families is rising and the greed in the corporations or organizations is increased as the same as Rome. Like the moral value decline in Rome was caused by the fall of father role in the families, America have been suffering from the moral decline because ofRead MoreThe Financial Crisis Of 2007-2008994 Words   |  4 Pagesbrought on by much more than unethical traders. It consisted of multiple variables: the deterioration in financial institutions’ balance sheets, asset price decline, increase in interest rates, and an increase in market ambiguity. This in turn led to the worsening of the adverse selection and moral hazard situation in the market, which led to a decline in economic activity, bringing forth the banking crisis. After the banking crisis, an unanticipated drop in the price level led to the debt deflation. ThusRead MoreThe Physical State Of Reverend Dimmesdale1243 Words   |  5 PagesThe physical state of Reverend Dimmesdale mirrors the deterioration of Dimmesdale’s mental and moral state because of the guilt related to a lack of public confession. Because of Dimmesdale’s connection with the Puritan Church and his unconfessed sin, his mental health deteriorates to the point of delusion. In order to lessen the guilt caused by his sin, Dimmesdale often practices nightlong fasts and vigils. Those fasts and vigils fail to lessen his guilt because they constitute a private confessionRead MoreSimilarities Between Macbeth And Banquo1118 Words   |  5 Pagesfoil characters with identical aspects who react differently to circumstance. In Shakespeare’s tragic play Macbeth, Banquo serves as a foil character to Macbeth emphasizing Macbeth’s unchecked ambition, a fatal flaw, that leads to his ultimate moral decline. At the beginning of the story, Shakespeare establishes the foil between Macbeth and Banquo to show a thriving Macbeth before he succumbs to his ambition. Both characters begin having similar characteristics and experiences. For example, when theRead MoreMorality And Its Effect On Society855 Words   |  4 Pagesbelieve that morality is declining in our society, and its decline has a negative effect on society. Does the passing of time change morality or will society change with the passing of time? We can seek the answer to that question by exploring different aspects of our society to determine if a decline of morality has any negative effect on our society. Specifically, does the decline of morality have an effect on crime rates, laws, and the decline of a nation. To begin with, there are several studies

Example of a Financial Ratio Analysis for a Trading Company

Page 1 Trading Company AFS FINANCIAL ANALYSIS OF THE TRADING COMPANY (PTY) LTD Holistic over view of operating performance (Using a traffic light system to quickly highlight performance) 1. RONA - Return on Net Operating Assets 2010 18.4% 2009 21.2% Net Operating profit (Income Statement) Net Operating Assets (Balance Sheet) 135 735 84 396 Note: Net Operating Assets - take total net Assets, and add back cash, overdraft balances, tax and dividends. These are financing factors, and are not part of operations responsibility 1 a. Profitability Net Operating profit (Income Statement) Sales 9.0% 135 1500 7.0% 84 1200 1 b. Asset efficiency (sweat) Sales Net operating Assets 2.04 1500 735 3.03 1200 396 Conclusion:†¦show more content†¦This has not changed in the current year, as the current assets have climbed significantly over the prior year. The Current ratio indicates a further deterioration with the ratio moving upwards to a more elevated level, the performance remains very weak, with expensive capital tied up in short term assets. The Quick ratio reflects the cash flow challenges as a level of 3.9 is far too high - too much funds stuck in receivables and inventories. Just how quickly can the company realise Receivables and Inventories to settle the short term debt facing the company? Interest cover has declined significantly as a result of increased long term debt, and related finance charges. While still well within tolerance, an eye must be kept on developments over time - i.e. trend analysis Page 2 Page 3 Trading Company AFS 2010 5. Capital Structure 5 a. Gearing - long term debt Long Term Debt Equity 120.6% 410 340 2009 25.0% 80 320 4b. Gearing - total Debt Total Debt (Long term debt plus current liabilities) Equity 151.5% 515 340 43.8% 140 320 Conclusion: Long term gearing is a problem and is well above the agreed level set by the Board of Directors (40%). By being so highly geared, the company runs the risk of high interest rate expense, as well as tight scrutiny from the lenders of the funds. Further borrowings will be out of theShow MoreRelatedWeek 2 Team Assignment Fin 3701491 Words   |  6 Pagesthe SEC regulations, as well evaluate and discuss financial performance and financial health. Assess the role of ethics and compliance in your organization’s financial environment.   Ethics and Compliance are extremely important to the entire Disney Organization and are outlined in great detail. The company has made implemented ethic and compliance standards in relation to all employees as well as Board Directors to ensure that they’re financial environment is not ever compromised. By takingRead MoreUnit 21450 Words   |  6 Pages| | P4, P5, P6, P7, M3, M4, D2 D3. | | | | | Assignment title | The Role of Financial Resources | Purpose: The aim of this unit is to develop learner knowledge of the range of human, physical, technological andfinancial resources required in an organisation, and how the management of these resources can impacton business performance. | Scenario:You are going to interpret a given setof financial information on aselected organisation. Domestic Dog Homes specialises in supplying pet beddingRead MoreInterpretation of Financial Statements1707 Words   |  7 PagesA. Published financial statements are prepared to satisfy the needs of the different users of accounts, of which investors form part. While the statements provide useful information to investors, they are not without limitations. The usefulness of using financial statements and its limitations are discussed below. Usefulness of published financial statements Financial statements provide information about the net worth of a business at a specific point of time and its trading performance duringRead MoreFinancial Analysis : The Lg Group1513 Words   |  7 Pages LG Financial Analysis BUS 650 Dyneka Russell Professor Badley January 9, 2017 Financial Analysis: The LG group LG is one of the largest manufactures of electronics in the world. In fact, they are on the of largest seller of mobile phone. However, it will a slow start for this particular company. The original name for LG was Lak Hu which was a trading concerns due to cosmetics and trading. By the 1960’s, the electronics expanded was named Gold start. With that name not providingRead MoreRatio Analysis : Analysis And Interpretation Of Financial Statements1490 Words   |  6 PagesRatio analysis is used to describe the important relationship that lies between figures based on line items in financial statements like the balance sheet, profit and loss account, and a budgetary control organization. Ratio analysis is a technique of analysis and interpretation of financial statements. It helps in evaluating the financial position and performance of the firm, ratio analysis also allows firms to compare their operational or financial performance to another firm or the industry standardRead Mo rePrada Ipo or Not Essay1490 Words   |  6 Pagesafter brands, but its not the case for investors. Investors are concerned about reasonable valuation and pricing -Conita Hung, head of equity - research of Delta Asia Financial. Prada warned in its IPO prospectus that Hong Kong residents would be liable to a withholding tax on dividends on top of the capital gains tax. Hong Kong is known for its low-tax regime, with no capital gains taxes, no sales tax or value addedRead MoreTesco PLC: A Business Overview1473 Words   |  6 Pagesï » ¿Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 02 Historical Share Price of Tesco†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 02 Performance Analysis of Tesco†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 03 Capital Structure of Tesco Plc†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦05 Corporate governance of Tesco†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 06 Corporate social responsibility†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..06 Trend and new stories about Tesco Plc†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.07 Conclusion†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦07 References†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦08 Introduction: Tesco Plc, the worldsRead MoreUsefulness And Limitations Of Financial Ratios1510 Words   |  7 Pageslimitations of financial ratios in evaluating the performance and management of companies Ratio analysis is used to describe the important relationship that lies between figures based on line items in financial statements like the balance sheet, profit and loss account, and a budgetary control organization. Ratio analysis is a technique of analysis and interpretation of financial statements. It helps in evaluating the financial position and performance of the firm, ratio analysis also allows firmsRead MoreJournal on Financial Ratio Analysis1157 Words   |  5 PagesSession 15: Limitation of Ratio Analysis Learning Objective Explain to the participants on the limitation of ratio analysis. Important Termss Creative accounting. Accounting Policies. Limitations of Ratios Accounting Information Different Accounting Policies The choices of accounting policies may distort inter company comparisons. Example IAS 16 allows valuation of assets to be based on either revalued amount or at depreciated historical cost. The business may opt not to revalueRead MoreFinancial Performance Analysis1727 Words   |  7 PagesLITERATURE Financial statement analysis is the process of examining relationships among financial statement elements and making comparisons with relevant information. It is a tool in decision-making processes related to stocks, bonds, and other financial instruments. Analysis of financial statements provides valuable information for managerial decision. Financial analysis is commonly called analysis and interpretation offinancial statement. Analysis of financial statements means establishing

The Origins Of The Negritude Movement Essay - 1949 Words

The origins of the negritude movement all point towards Aimà © Cà ©saire and his literary works. His 1969 play, A Tempest explores postcolonial identity as it relates to the black self. The portrayal of colonizer and colonized characters highlight differing attitudes towards imperialism. Cà ©saire’s call to the black man invites celebration of their identity as a race with a colorful and trying past. Born in 1913 on the island of Martinique, Aimà © Cà ©saire was immediately tossed into a realm populous with the remains of French colonialism. Although the native language of Martinique Creole was used daily, French was taught to all children in the school systems. It stood as a means to success, and learning it ensured a future outside Martinique. With this knowledge Cà ©saire’s father, â€Å"obsessed with the goal of perfecting their French, he inculcated in them, by means of a highly disciplined regime, an admiration for the literary models of the traditional canon, such as Victor Hugo and Voltaire.† This fervent learning paid off as Cà ©saire excelled in his studies and was eventually granted an opportunity to spend eight years in Paris with the intellectual elite. The culturally rich experience provided opportunities to learn besides other French speakers. During this period, through contact with African poet, Leopold Senghor and other francophone, Cà ©saire began to construct a broader view from his small Caribbean island. 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Financial Projection Essay Example For Students

Financial Projection Essay financial projection essential element of planning that is the basis for budgeting activities and estimating future financing needs of a firm. Financial projections (forecasts) begin with forecasting sales and their related expenses. The basic steps in financial forecasting are: (1) project the firms sales; (2) project variables such as expenses and assets; (3) estimate the level of investment in current and fixed assets that is required to support the projected sales; and (4) calculate the firms financing needs. The basic tools for financial forecasting include the percent-of-sales-method, regression analysis , and financial modeling. Financial Forecasting Financial Forecasting describes the process by which firms think about and prepare for the future. The forecasting process provides the means for a firm to express its goals and priorities and to ensure that they are internally consistent. It also assists the firm in identifying the asset requirements and needs for external financing. For example, the principal driver of the forecasting process is generally the sales forecast. Since most Balance Sheet and Income Statement accounts are related to sales, the forecasting process can help the firm assess the increase in Current and Fixed Assets which will be needed to support the forecasted sales level. Similarly, the external financing which will be needed to pay for the forecasted increase in assets can be determined. Firms also have goals related to Capital Structure (the mix of debt and equity used to finance the firms assets), Dividend Policy, and Working Capital Management. Therefore, the forecasting process allows the firm to determine if its forecasted sales growth rate is consistent with its desired Capital Structure and Dividend Policy. The forecasting approach presented in this section is the Percentage of Sales method. It forecasts the Balance Sheet and Income Statement by assuming that most accounts maintain a fixed proportion of Sales. This approach, although fairly simple, illustrates many of the issues related to forecasting and can readily be extended to allow for a more flexible technique, such as forecasting items on an individual basis. Concepts Percentage of Sales Method The Percentage of Sales Method is a Financial Forecasting approach which is based on the premise that most Balance Sheet and Income Statement Accounts vary with sales. Therefore, the key driver of this method is the Sales Forecast and based upon this, Pro-Forma Financial Statements (i. e. , forecasted) can be constructed and the firms needs for external financing can be identified. The calculations illustrated on this page will refer to the Balance Sheet and Income Statement which follow. The forecasted Sales growth rate in this example is 25% Balance Sheet ($ in Millions)| Assets| 1999| Liabilities and Owners Equity| 1999| Current Assets| Â   | Current Liabilities| Â  | Cash| 200| Accounts Payable| 400 | Accounts Receivable| 400 | Notes Payable| 400 | Inventory| 600 | Total Current Liabilities| 800 | Total Current Assets| 1200 | Long-Term Liabilities| Â   | Â  | Â  | Long-Term Debt| 500| Fixed Assets| Â   | Total Long-Term Liabilities| 500| Net Fixed Assests| 800 | Owners Equity| Â  | | Â  | Common Stock ($1 Par)| 300| | Â  | Retained Earnings| 400| Â   | Total Owners Equity| 700| Total Assets| 2000 | Total Liab. and Owners Equity| 2000| | Income Statement ($ in Millions)| | 1999| Â  | Sales| 1200| Â  | Cost of Goods Sold| 900| Â  | Taxable Income| 300| Â  | Taxes| 90 | Â  | Net Income| 210| Â  | Dividends| 70| Â  | Addition to Retained Earnings| 140| Â  | | Percentages of Sales The first step is to express the Balance Sheet and Income Statement acc ounts which vary directly with Sales as percentages of Sales. This is done by dividing the balance for these accounts for the current year (1999) by sales revenue for the current year. The Balance Sheet accounts which generally vary closely with Sales are Cash, Accounts Receivable, Inventory, and Accounts Payable. Fixed Assets are also often tied closely to Sales, unless there is excess capacity. (The issue of excess capacity will be addressed in External Financing Needed section. ) For this example, we will assume that Fixed Assets are currently at full capacity and, thus, will vary directly will sales. Retained Earnings on the Balance Sheet represent the cumulative total of the firms earnings which have been reinvested in the firm. Thus, the change in this account is linked to Sales; however, the link comes from relationship betwen Sales growth and Earnings The Notes Payable, Long-Term Debt, and Common Stock accounts do not vary automatically with Sales. The changes in these accounts depend upon how the firm chooses to raise the funds needed to support the forecasted growth in Sales. On the Income Statement, Costs are expressed as a percentage of Sales. Since we are assuming that all costs remain at a fixed percentage of Sales, Net Income can be expressed as a percentage of Sales. This indicates the Profit Margin. Taxes are expressed as a percentage of Taxable Income (to determine the tax rate). Dividends and Addition to Retained Earnings are expressed as a percentage of Net Income to determine the Payout and Retention Ratios respectively. Percentage of Sales Calculations | The examples in this box illustrate the calculations which were used to determine the percentages provided in the following Balance Sheet and Income Statement. Cash| Cash/Sales = $200/$1200 = . 1667 = 16. 67%| Inventory| Inventory/Sales = $600/$1200 = . 5 = 50%| Accounts Payable| (Accounts Payable)/Sales = $400/$1200 = . 3333 = 33. 33%| Costs| Costs/Sales = $900/$1200 = . 5 = 75%| Taxes| Taxes/(Taxable Income) = $90/$300 = . 3 = 30%| Net Income| (Net Income)/Sales = $210/$1200 = . 175 = 17. 5%| Dividends| Dividends/(Net Income) = $70/$210 = . 3333 = 33. 33%| | Balance Sheet ($ in Millions)| Assets| 1999| %| Liabilities and Owners Equity| 1999| %| Current Assets| Â   | Â   | Current Liabilities| Â  | Â  | Cash| 200| 16. 67% | Accounts Payable| 400 | 33. 33% | Accounts Receivable| 400 | 33. 33% | Notes Payable| 400 | N/A | Inventory| 600 | 50. 00% | Total Current Liabilities| 800 | | Total Current Assets| 1200 | | Long-Term Liabilities| Â   | Â   | Â  | Â  | Â  | Long-Term Debt| 500| N/A | Argumentative Abortion EssayBalance Sheet ($ in Millions)| Assets| 1999| Liabilities and Owners Equity| 1999| Current Assets| Â   | Current Liabilities| Â  | Cash| 200| Accounts Payable| 400 | Accounts Receivable| 400 | Notes Payable| 400 | Inventory| 600 | Total Current Liabilities| 800 | Total Current Assets| 1200 | Long-Term Liabilities| Â   | Â  | Â  | Long-Term Debt| 500| Fixed Assets| Â   | Total Long-Term Liabilities| 500| Net Fixed Assests| 800 | Owners Equity| Â  | | Â  | Common Stock ($1 Par)| 300| | Â  | Retained Earnings| 400| | Â   | Total Owners Equity| 700| Total Assets| 2000 | Total Liab. nd Owners Equity| 2000| | Income Statement ($ in Millions)| | 1999| Â  | Sales| 1200| Â  | Cost of Goods Sold| 900| Â  | Taxable Income| 300| Â  | Taxes| 90 | Â  | Net Income| 210| Â  | Dividends| 70| Â  | Addition to Retained Earnings| 140| Â  | | Full Capacity The equation used to calculate EFN when fixed assets are being utilized at full capacity is given below . (Please note that this equation is based on the same assumptions that underly the Percentage of Sales Method. Namely that the Profit Margin and the Retention Ratio are constant. ) where * S0 = Current Sales, S1 = Forecasted Sales = S0(1 + g), * g = the forecasted growth rate is Sales, * A*0 = Assets (at time 0) which vary directly with Sales, * L*0 = Liabilities (at time 0) which vary directly with Sales, * PM = Profit Margin = (Net Income)/(Sales), and * b = Retention Ratio = (Addition to Retained Earnings)/(Net Income). When the firm is utilizing its assets at full capcacity, A*0 will equal Total Assets. L*0 typically consists of Accounts Payable (and if present Accruals). The logic of underlying this equation can be explained as follows. * = the required increase in Assets, = the spontaneous increase in Liabilities, and * = the spontaneous increase in Retained Earnings. The incresed in Liabilities and Retained Earnings in the equation are considered spontaneous because the occu r essentially automatically as a consequence of the firm conducting its business. Full Capacity Example | Use the Balance Sheet and Income Statement above to determine the EFN given that Fixed Assets are being utilized at full capacity and the forecasted growth rate in Sales is 25%. Solution:First calculate the Forecasted Sales. S1 = 1200(1 + . 5) = $1500Next, solve using the EFN equation. Note that we are substituting (Net Income)/(Sales) for Profit Margin and (Addition to Retained Earnings)/(Net Income) for the Retention Ratio. | Excess Capacity If the firm has excess capacity in its Fixed Assets then the Fixed Assets may not have to increase in order to support the forecasted sales level. Moreover, if the Fixed Assets do need to increase in order to support the forecasted sales level, then they will not have to increase by as much as would be required if they were being used at full capacity. When a firm has excess capacity in its Fixed Assets the first step is to determine the sales level that the existing Fixed Assets can support. This can be determined by dividing Current Sales by the percentage of capacity at which the Fixed Assets are presently being utilized. This sales level is called Full Capacity Sales, SFC. If Forecasted Sales are less than Full Capacity Sales, then fixed assets do not need to increase to support the forecasted sales level. On the other hand, if Forecasted Sales are greater than Full Capacity Sales, then Fixed Assets will have to increase. We shall consider these two cases below. Case 1: S1 Less Than SFC When the Forecasted Sales are less than or equal to Full Capacity Sales, EFN can be determined in one step using the above equation. The only adjustment is that A*0 now only consists of Total Current Assets since Fixed Assets do not need to increase to suppor the forecasted sales level. Excess Capacity Example: S1 SFC | Use the Balance Sheet and Income Statement above to determine the EFN given that Fixed Assets are currently being utilized at 60% of capacity and the forecasted growth rate in Sales is 25%. Solution:First calculate the Forecasted Sales and Full Capacity Sales. S1 = 1200(1 + . 25) = $1500SFC = 1200/. 60 = $2000Since Forecasted Sales are less than Full Capacity Sales the EFN can be found in one step. Here A*0 is equal to Total Current Assets which equals $1200. | Case 2: S1 Greater Than SFC When the Forecasted Sales are greater than Full Capacity Sales, EFN can be determined in two steps. The first step, illustrated by the equation for EFN1 below, finds the EFN needed to get to Full Capacity Sales. The second step, illustrated by the equation for EFN2 below, finds the additional EFN to get from Full Capacity Sales to the Forecasted Sales. The total EFN is simply EFN1 plus EFN2. Excess Capacity Example: S1 SFC | Use the Balance Sheet and Income Statement above to determine the EFN given that Fixed Assets are currently being utilized at 90% of capacity and the forecasted growth rate in Sales is 25%. Solution:First calculate the Forecasted Sales and Full Capacity Sales. S1 = 1200(1 + . 25) = $1500SFC = 1200/. 90 = $1333. 33Since Forecasted Sales are greater than Full Capacity Sales the EFN has to be found in two steps. | Financial Forecasting Equations Forecasted Sales| S1 = S0(1 + g)| Full Capacity Sales| | External Financing Needed (S1 SFC)| | External Financing Needed (S1 SFC)| | .

Social Class and Consumer Behaviour for Income-myassignmenthelp

Question: Discuss about theSocial Class and Consumer Behaviour for Income Factor. Answer: Social class is very significant in understanding the consumer behaviour for any market. The connection between the two has been reflected upon by many individuals out of which, some ascribe it to be superior to the income factor in market segmentation. Social class is a construct that has multiple layers of meaning. Consumer behaviour and marketers have the core tendency to depend entirely on the life-style of people. It is the purchasing power and pattern of the various people coming from different social classes that depicts their consumer behaviour. The social class of an individual is assessed by his/her occupation, family from which he/she belongs, the lifestyle, education and others. A person belonging from a lower class is not supposed to opt for huge investments or purchase luxury goods. They will only concentrate on the necessities. Similarly, people belonging from a higher class would easily buy the various luxury goods. Thus, the purchasing attitude of the people coming in the market and their consumer behaviour are reflections of their social class (Fisher, 1987). Thus, social class is very relevant to denote the consumer behaviour of the people that plays a key role in the structuring of a market or an economy. Many people change their consumer behaviour in order to advance in the social class standing. The status differentiation in accordance to social class leads to variations in consumption activities. Thus, social class is a very useful construct that explains consumption behaviour, offers insight into the different resources that limit the choice of consumers and direct the resource allocation accordingly. References: Fisher, J. E. (1987). Social Class And Consumer Behavior: The Relevance Of Class And Status.Advances in Consumer Research,14(1).