The Characteristics Of The Army Profession - 864 Words

Trust is the foundational attribute that every professional Soldier should possess. Despite sustained military conflicts throughout the world over the past thirteen years, we have still been able to maintain firm belief in our reliability as an Army. When it comes to confidence from the public other organizations such as the police, the government, the media, and various other organizations do not have the same level of trust that the American people have in us. Trust is the most important of the five characteristics of the Army profession. Without trust we would lose the support of the American public, trust is the embodiment of our profession, and trust drives the four other characteristics of the Army profession. The Army exists for a solitary reason, which is to serve the Nation by defending the constitution of the United States of America. Our country places trust in the Army to defend our constitution against foreign and domestic enemies. It is our responsibility to prese rve this given responsibility at all cost. American Forces returned from direct involvement in Vietnam and great majorities of Soldiers at the time lost credibility for their role in the War. Public trust in the Army was at its lowest. The priority after the war was to repair the trust in the Army, which eventually led to the All-Volunteer force that we have today. This action reinvigorated the Army and during that 20 year span of time the Army established itself as countries most esteemedShow MoreRelatedCharacteristics Of The Army As A Profession1170 Words   |  5 Pages Five characteristics define the Army as a Profession. These characteristics are honorable service, stewardship of the profession, military expertise, esprit de corps, and trust. According to ADRP 1-0, as a military profession, our relationship with the American people is built on a foundation of trust continuously reinforced by the other four characteristics. Mission accomplishment, reputation, and sur vivability of the Army are all reliant on trust. Therefore, I believe that trust is theRead MoreThe Essential Characteristics Of The Army Profession1568 Words   |  7 Pageswould be the Five Essential Characteristics of the Army Profession addressed in ADRP 1. â€Å"The way ahead is clear- the Army will only be and perform as a military profession when five essential characteristics are present in its culture, in its profession and their units, and in its external relationships†, the United States Army Profession, June, 2013. These characteristics are military expertise, honorable service, trust, esprit de corps, and stewardship of the profession. An explanation of embracingRead MoreThe Army Profession1228 Words   |  5 PagesWebster’s dictionary defines the word profession as a type of job that requires special education, training, or skill. Many Soldiers would not consider the Army as a profession but a way of life. Some think the word profession belongs to everyday jobs like a plumber, mechanic, or doctor. Dr. Don M. Snider stated â€Å"the Army is a profession because of the expert work it produces, because the people in the Army develop themselves to be professionals, and because the Army certifies them as such† (Snider, DRead MoreThe Army As A Profession Of Arms1283 Words   |  6 PagesOver centuries, the Army established and continues to validate itself as a Profession of Arms. As a department of the US Military, the Army earns this title by providing the unique service of defending the Constitution and the American people. In order to be a Profession of Arms then, the Soldiers that fill the Army’s ranks must be professionals. These professionals are morally and legally bound by the Army ethics to constantly develop their occupation specialties and apply them â€Å"ethically, effectivelyRead MoreA Collective Understanding Of The Army Profession996 Words   |  4 Pagesunderstanding of the Army Profession by pro viding the Service members the guidelines and definitions of it and the Army Ethic. Fail to follow or even understand the concept of rules of behavior based on ideas about what is morally good and bad have been the reason of studies, due to the consequences this could bring upon the service. This publication defines the membership and affiliation of competent individuals in character and commitment, five essential characteristics legitimize the Army as a militaryRead MoreStewardship Of The Army Profession Essay1747 Words   |  7 PagesStewardship of the Army Profession is the last of the Five Essential Characteristics of the Army Profession, but in terms of importance, it is just as, if not more important than the other four. The United States Army’s ADRP-1, or Army Doctrinal Reference Publication 1, even defines stewardship as â€Å"the responsibility of Army professionals to ensure the profession maintains its five essential characteristics now and into the future† . Such importance is placed on this characteristic because StewardshipRead MoreAn Army White Paper, The Profession Of Arms900 Words   |  4 PagesAn Army White Paper, The Profession of Arms A Profession of Arms. It is a title that the United States Army currently holds. A Profession that is uniquely separates us based on the lethality of our weapons and operations. Many factors are involved that make what we do in the Army a Profession and not just a job or an occupation. To maintain this idea that what we do is a Profession takes understanding what a Profession is, a tenuous balance by leadership and the culture of the professionalsRead MoreProfession of Arms815 Words   |  4 PagesWhat does it mean to be a Profession? Professions produce uniquely expert work, not routine or repetitive work. Medicine, theology, law, and the military are ―social trustee forms of professions. 1 Effectiveness, rather than pure efficiency, is the key to the work of professionals—the sick want a cure, the sinner wants absolution, the accused want exoneration, and the defenseless seek security. Professionals require years of study and practice before they are capable of expert work. Society isRead MoreNew Uniform and Appearance Standards in Army Regulation 670-1895 Words   |  4 PagesIt is impossible to form a perspective on how Army uniform polices relates to Army professionalism without first accepting that Army professionalism itself is an arbitrary concept. On 31st March 2014, the United States Army published new uniform and appearance standards in Army Regulation 670-1 and immediately faced a mixture of vehement resentment and patriotic acceptance. The cause for the differing reactions is the fact that not everyone concerned—everyone being active and retired Soldiers asRead MoreArmy Boards, Adp 1, Review and Quiz807 Words   |  4 PagesDoctrine 2015, ADP 1: The Army Terms | Definitions | In what domains do U.S. forces dominate? | U.S. Forces dominate in space, air, maritime, land, and cyberspace domains | As a unique military profession, the army is built upon an ethos of trust. What are 4 other characteristics of our profession? | Additional Army characteristics include: 1. Military expertise 2. Honorable Service 3. Esprit de Corps 4. Stewardship | 3. What are the 11 primary missions of the U.S. armed forces?

Climate Change And Its Effects - 1095 Words

In just under fifty years, a topic that was once considered controversial, causing people to avoid discussions on it for reasons ranging from denial to discomfort, has evolved from those unpleasant debates to today’s friendly conversations. The topic is climate change, and the controversy surrounding it has been rooted in disagreement on what exactly causes it. Some say that climate change is a hoax and the changes are part of a natural cycle of the Earth’s climate system. Others are positive that it is the direct result of human activities and without immediate action, the planet will become inhospitable to human life. Then, there are those who are in-between, not sure which side to take, but are aware that something is happening to the global climate system. Just over a half-century ago, a large portion of the US population was somewhere in the middle, with about 25% at either end of the spectrum (Maibach et al., 2009). Today, climate change impacts are obvious causin g few to remain in denial. With only a small portion of the population denying the existence of climate change, policies that address mitigation and adaptation to climatic changes have become less controversial and more widely accepted. The change in tone of the climate debate can be partly attributed to a change in the perspective of the public. For example, the divided viewpoints described in the â€Å"Six Americas† (Maibach et al. 2009) have gradually meshed into compromise and understanding over the years.Show MoreRelatedThe Effects Of Climate Change On The Climate1091 Words   |  5 PagesClimate change means the fluctuation changes of the climate in a period of time, this period of time could means several decades or centenaries, the fluctuation could be regional or global. At present, what we talked most is the effect of the environment policy on the climate, in another words is the effect of human factor on the climate, especially the questions about the global warmi ng, and climate change is one of the greatest challenges facing the world, it’s extremely urgent, people wonder thatRead MoreClimate Change And Its Effects1533 Words   |  7 PagesClimate change is a concerning problem that is happening to our planet right now, due to human activity. We are damaging our planet through the burning of fossil fuels which are causing greenhouse gases. We use these fossil fuels every day in cars, planes and many other activities and the effects of this is the warming of the Earth’s surface and oceans – the surface temperature has increased 0.8 °C over the last hundred years. [1] Oceans range over 70% of Earth’s surface and have many important rolesRead MoreClimate Change And Its Effects861 Words   |  4 Pagesdebate, one undeniable fact is that climate change is occurring and affects every part of planet Earth. Some effects are actually positive, such as higher rates of photosynthesis in trees due to absorption of more a bundant CO2 and warmer temperatures. However, most of the negative effects of climate change outweigh or counteract positive growth. Negative effects of climate change are affecting the land, water, plants, and animal life on planet Earth. Climate change has provided both gifts and cursesRead MoreThe Effect On Climate Change1577 Words   |  7 Pagesauthority over addressing greenhouse gas emissions, while maintaining presence in the international community. Such emissions make up a substantial portion of impact on climate change; therefore, the UNFCCC targets areas that produce the most emissions. The ways in which the UNFCCC minimally, but not adequately, regulates climate change is through two agreements. The two treaties are the Kyoto Protocol the Paris Agreement (COP 21). In 2016, the Kyoto Protocol expires which the Paris Agreement replacesRead MoreClimate Warming And Its Effects On Climate Change Essay1713 Words   |  7 Pagesdue to emittance of anthropogenic carbon emissions. Scientists are uncertain of how much warming humanity can tolerate before experiencing the most destructive and dangerous effects of climate change, but most believe that two degrees Celsius is a good starting point to aim for. Thus, the stated goal of many international climate dialogs, such as the Paris Agreements, has been to stop the planet from warming an additional two degrees Celsius in order to mobilize the action need to get the whole worldRead MoreCause And Effect Of Climate Change Essay1220 Words   |  5 PagesCause and effects of Climate Change. General purpose: to inform. Specific purpose: After hearing my speech my audience will know what climate change is, what causes it and its effects now and in the future. Thesis Statement: Climate change is a very important issue that affects all of us. Organization pattern: Cause and effect. Introduction: I. (Attention-getter): How do you explain that 30 years ago we had a different weather than today? When you look at yourself in a dirty mirror; can you seeRead MoreCauses And Effects Of Climate Change1706 Words   |  7 PagesDiscuss the causes and effects of climate change. Present any solutions that are relevant to these issues. Probably the most anxious threat to our earth in these two decades is climate change. Climate change refers to any significant change in the measures of climate lasting for an extended period of time. In other saying, climate change includes major changes in temperature, precipitation, or wind patterns, among other effects, that occur over several decades or longer (Epa.gov, 2015). The rateRead MoreThe Effects Of Climate Change On The Earth1358 Words   |  6 PagesEurope. Climate change is classed as any alteration in global weather patterns over a period of time. However the climate change the earth is currently experiencing is far from anything ever experienced before and its 99% certain that it has been caused by human industrialisation. Like anything that affects the earth on a global scale it affects everything including microorganisms and therefore disease. Climate change is causing disease to spread and increase in severity. The main adverse effects causingRead MoreClimate C hange : The Greenhouse Effect1199 Words   |  5 PagesSince the beginning of the Earth’s existence, climate change has occurred. Temperatures, sea levels, quantities of gases in the atmosphere, and levels of precipitation have risen and fallen over a span of billions of years. However, over the last two centuries, climate change has been far too drastic to be caused by natural forces alone. Globally, the alterations in temperatures, sea levels, precipitation, melting of ice caps and glaciers, and violence of natural disasters are clearly caused by anotherRead MoreThe Effects Of Climate Change On The Environment1445 Words   |  6 Pagescooler climates all are impacts of increasing temperatures that are happening right now. Within the next century, sea levels will rise 7 - 23 inches, Storms will become much stronger, floods/droughts will become more common, and many, many other negative environmental changes (Cook). These changes in the environment have been the topic of de bate for decades, but has become more and more common over the past few years. On one side of the debate, there are the people who believe climate change

Future of Singapore Public Housing Loan Free Essays

Abstract The Singapore government together with the housing finance consider the public housing as one of the various achievements they have accomplished. Public housing accommodates more than 80% of the residents in Singapore. A majority of the residents, close to 90%, is designed as Housing Development flats (HDB). We will write a custom essay sample on Future of Singapore Public Housing Loan or any similar topic only for you Order Now In an effort to improve the current housing state in Singapore, the housing finance and the government has introduced various schemes and substitute schemes alike. The schemes have encouraged the resident into becoming homeowners in addition to ensuring that they did not default their mortgage payment. The Housing and Development Board (HDB) is responsible for the dealings and management of the public housing program in Singapore. The local town council oversees the daily management activities. They also ensure planning and development of the public housing in addition to selling and resale of the houses as well as offering financial mortgage. Introduction Singapore Public Housing finance loan borrowing has dropped four folds in the recent year. Owing to a myriad of factors, the number of loan applicants for the public housing allocation has significantly reduced as compared to the numbers associated with the previous application. The government estimates that the number may rise in next coming years if market curbs are softened, such as loan repayment schemes on interest rates and application. A future projection of the public housing finance loan interest indicates a downward trend in the near future owing to the stiff competition put in place by private property owners (Ong, 2010). It is imperative, therefore, to reduce the public housing loan rate in order to attract new property owners while increasing the resale of the previously owned property. Currently, the resale price of previously owned units on the public housing has dropped by 1.3%. The government has not taken any measures to ensure that this market situation is controlled, but is examining the matter in order to employ proper strategy to enable Singapore citizens to own homes. In case the current prices of property remain stagnant at 57%, it is estimated that the public housing loan rate will rise. The number of public housing owners is estimated to gradually increase in case the current rate does not drop in the near future (Ong, 2010). The Housing and Development Board (HDB) is responsible for the dealings and management of the public housing program in Singapore. The local town council oversees the daily management activities. They also ensure planning and development of the public housing in addition to selling and resale of the houses as well as offering financial mortgage. The paper discusses an examination of the privatization of HDB and reasons behind it, with projection to loan in the coming years and how one can become a public house owner in Singapore. Privatization of HDB Loan to Consumer Bank The main aim of the privatisation of Housing and Development Board mortgage loan to consumer banks in Singapore was to curb the price competition through inculcation thereby increasing the performance of the banking sector within the economy. The mortgage yield was not sufficient to meet the standards set by HDB, thus the privatisation of the HDB mortgage became imperative (Adams, 2014). Moreover, the private sector’s better performance and management of the economy was an added reason for the privatization as compared to the public sector’s ability in managing and performance. With the privation of the HDB loans to consumer banks, the annual interest rate returns have since increased and projections show that they will continue to increase in the coming year. This therefore eliminates the high rate hurdle previously presented by HDB through the elimination and minimization of the government regulation on the HDB housing projects. (Li, 2014). Financier of Mortgage loan: Interest rates Homebuyer with potential can choose to buy a home with either a HBO loan or Bank loan. The payment scheme chosen will determine the selection of the mortgage partner from which the mortgage loan will be received. Homeowners are able to apply for mortgage loans through HBO and Consumer banks. The above options for loan financier are in place in order to enable potential buyers to decide which best fits their financial capability. In addition, HDB plays the role of a financier to flat owners by giving mortgage loans. This has enabled Singapore residents to acquire public houses easily and faster with the help of HDB mortgage loan. From a financier’s point of view, a homebuyer applying for a mortgage loan is required to have met their credit assessment and this is assessed with their current system of standard mortgage application. For an eligible flat buyer to have access to a concessionary loan, they must have an HDB Eligibility Letter (HLE) confirming that they are capable of making repayments. This is important because it accesses one’s potential ability to pay back his loan with constraining their personal budget. Before anyone can purchase a flat, they must have a letter of eligibility of HDB. HBO concessionary loan interest is 2.6% which is only 0.1% higher than the Central Provident Fund (CPF). It seems important tor e-examine the interest rate of HBO quarterly in comparison to CPF interes t rate to ensure that it stays roughly the same level. This type of system design helps to provide an easier scheme for the mortgagor to service their loan payment, and ensure they constantly pay without defaults. This interest rate of the HBO loan has been in existence for over 15 years (Ong, 2010). Contrary to this, banks interest rate is currently 1%. The interest is dynamic and not constant because it is determined by a number of other factors which affects the operation of the bank such as its business strategy, the prevailing market situation and commercial decisions. It is determined jointly by all the financial institution in Singapore. This system make it unreliable because it is not constant, it keeps fluctuating based on the above mentioned factors. Even though HBO mortgage offer low amount of loans, HBO mortgage scheme remain the most suitable financier to mortgage loan. Unfortunately, and since the privatisation of HBO, all those who wish to finance their resale and acquisition of HBO public housing will have to apply loans to various banks licensed by the monetary fund to give mortgage loans to public housing acquisition and resale. Immigration There are benefits to being a citizen in Singapore. Singapore is one of the major cities in Asia in terms of wealth and culture. To buy and rent an HBD flat, one has to be 21 years or older and a citizen to Singapore. Another benefit that the citizens of Singapore are entitled to is obtain loans at concessionary interest rate with HBO to help them in obtaining the flats. In addition to this, they are also offers for citizens who obtain public houses for the first time such as subsidies, for instance grants offered by the government as a cushion to aid those buying public houses. Citizens also enjoy lower rates for houses repairs (Adams, 2014). Conclusion In conclusion, the number of public house owners in Singapore is bound to increase in the near future with increase in mortgage. The performance of HDB’s hurdle interest is expected to increase on an annual basis with the privatisation to consumer banks to aid in the mortgage loan financing. This has facilitated the process of solving the housing problem in Singapore owing to the fact that the government has provided a more reliable and efficient option to help people buy property. Although the current market is not promising, the government is working hard to curb the situation and enable more Singapore in the coming year to own public house. This will enable them to deal with the housing problems and concentrate in development of other sectors of the economy thereby increase their national income and dominate in the leading economy (Li, 2014). Bibliography Adams, J. (2014, October 10). Bleeding the banks. Retrieved October 31, 2014. Li Sen, S. (2014, October 3). Spike in bad home loans swells Singapore banks’ NPLs. Retrieved October 31, 2014. Ong, S. (2010). Housing affordability and upward mobility from public to private housing in Singapore. Singapore: S.E. Ong]. How to cite Future of Singapore Public Housing Loan, Essay examples

Prime Cost and Deminishing Cost Economics

Question: Describe about the Prime Cost and Deminishing Cost Economics. Answer: Solution 1(a): In Company A fixed amount is claimed every year on the basis of the following formula: Asset Cost (days held/365) (100%/ effective life of the asset) (Ato.gov.au, 2015) Assuming both Company A and B has an asset valuing $ 80,000 since its inception. Given, Asset life = 20 years. Depreciation: 1st year- $ 80,000 (365/365) (100%/20) = $ 4000 Value of the depreciable asset after 1st year =$80,000 - 4000 =$76,000 Therefore, the current value of the depreciable asset is $ 64,000. Double Declining Method is calculated with the following formula: Base value (days held/365) (200%/ effective life of the asset) Depreciation: 1st year- $80000 (365/365) (200%/20) = $ 8000 Value of the depreciable asset after 1st year = $80000-$8000 = $ 72,000 Therefore the current value of the depreciable asset is $52,488. Since, Straight Line depreciation charged by the Company A is same throughout the useful life of the asset, so it reflects a stable and a uniform decrement in the revenues and value of the asset in each of the accounting period of the useful life of the asset. Double-declining balance method adopted by Company B for depreciating its asset records greater amount of depreciation in the course of an assets life and considerably lower amount for the remaining later years of the asset (Ato.gov.au). Therefore, resulting in more reduction of assets and revenue in early years followed by, reduction in depreciation expense resulting to minimal impact on companys assets and revenues. However, higher cost relating to asset repairs and maintenance might impact the revenues of Company B. Solution 1(b): Straight Line Method also known as Prime Cost method is a method that presumes the value of depreciable asset declines uniformly over its useful life (Stunguriene and Christauskas, 2014). It is calculated on pro rata basis. The value of the asset includes the additional amount paid for installation, transport and to make it ready for use, besides actual cost of the asset. Double declining method as compared to Straight line method leads to the reduction of net income and operating earnings in the initial years of the life of an asset and increase in later years. Preference of any method of depreciation on the financial statement of the company hardly affects its cash flow, however, double declining method of depreciation for tax reporting reduces the taxable income and outstanding taxes thereby increasing the cash flow of the firm through tax reduction (Stunguriene and Christauskas, 2014). When straight line depreciation is used, an analyst utilizing balance sheet items can easily es timate the average of depreciable asset life and average age and assets relative age can be estimated. Viewing both the methods of depreciation, both have their own merits. Straight line method is simple and easy to use help in simplifying calculations. Decling method on the other hand, generally provides accuracy in accounting of an assest value. For instance, when we purchase a new electronic gadget such as, a smartphones or new computer for the employees, high reduction in value is experienced in their early life span than they do later (Mueller, 2016). Solution 2: Every business demands to finance for its growth, expansion and to take up new organizational strategies (accaglobal.com). Some of the sources that Kangaroo Company can undertake are: Trade Credit- It refers to a financial agreement between the company and its suppliers whereby the supplier agrees on providing materials or finished goods in up front with payment on a later date. Firstly, the company will avoid paying cash up front, thereby retaining cash in the short term for other capital requirements for the Kangaroo company has its ongoing expenses and investment decisions to take. With a little delay in payment on its purchases for a short period the company can accomplish its immediate cash need. Secondly, trade credits act as an immediate replenishment to avoid delay in business activity and performance. Thirdly, the suppliers too experience more business than otherwise. However, it has risks associated with it. Firstly, with purchase volume turning higher will produce interest fee. Secondly, if the company is not cautious enough in utilizing the trade credit, then it might end up paying a quite higher cost for the inventory. Bank loans- The company can also opt for bank loans for its inventory or equipment purchase and its business expansion loans are thought to be a reliable source of financing. Firstly, the loan would be provided on basis of the value of business and the ability perceived to service the loan through timely payments. Secondly, the interest paid on the business, bank loan is tax deductible. Especially when loans are fixed rated, where loan servicing payments are same throughout loan life. This makes budgeting and planning conducive for the company (Mallick and Yang, 2011). However, it has few drawbacks. Firstly the biggest risk to bank loan is that the banks are stringent to pay loans to company having capability to repay. Advancing of loans require providing a personal guarantee, which means personal asset of the marsupials too can be seized. Secondly, interest rates might be considerably high. The high rate of interest for funding might stunt the expansion. The company having 60% of it s noncurrent notes can provide security for an availing bank loan. Equity funding- The company, can even opt for equity investments. It refers to accepting money from a private group or investor for an exchange of partial ownership. This prevents taking of debt after that repaying the investment. This will provide the investors with a certain extent of control in the company. It will demand to keep the investors happy even after majority interest rest with marsupials (Igartua and Albors, 2011). Solution 3: Management accountants are expected to function ethically. The Institute of Management Accountant has particularized four standards for managerial accountants relating to ethical conduct (Davidson and Stevens, 2013). They are confidentiality, integrity, competence, and credibility. Business owners require all details while reviewing their business operations and decisions were taken. Underlining are influences of ethical behavior of the company with the following: Customer- possessing a trustworthy customer base is one of the key elements to aspire long range business gain because providing for an existent customer does not include any marketing cost, as it does in the case of providing for new one. A companys credibility for ethical behavior can assist in the creation of more positive appearance in the marketplace, which may help to attract new customers by word of mouth referrals. Unethical dealings adversely affect the chances of gaining new customers specially when dissatisfied customers via social networking will disseminate information quickly, relating to their negative experience. Employees- proficient individuals working at all levels of the company aspire to be compensated for their work and commitment. They urge career advancement in the organization appertaining to their work quality and not on biases. Employees seek to be part of that company whose management team discloses about the working in the organization (Boshoff and Van Zyl, 2011). Suppliers- Suppliers signify a crucial part of business and sustenance of cordial relationship is a mode to success. It should be ensured not to purchase produced by companies who are held guilty of child labor exploitation, providing wage in inferior working conditions. Complying with suppliers and customers audit requirement and formal quest promotes a healthier relationship between the company and its suppliers. Solution 4: Analysis of financial statement helps in determining company stability and health. However, a financial statement has its pros and cons in the determination of stability and growth of a supplier. 1. the balance sheet discloses liquidity ratios that reflect the monetary worth of the supplier, which helps in determining the financial stability. 2. financial conditions reflected in the balance sheet are a depiction of assets and liabilities of the company. Use of income statement helps in evaluation of past income performance and assessment of future cash flow uncertainty. 3. the cash flow statement reflects cash exchange between outsiders and the company during a period, therefore assisting the investors to know whether the company has adequate cash to pay of its expenditures and purchase of assets (MacKerron et al., 2014). Limitations of Financial Statements are, 1. Financial statements are provided after completion of specified period. 2. The disclosed information of facts that is historic which might not be adequate from the view point of decision making. 3. During the preparation of Balance Sheet, all the assets and liabilities are reflected at historical prices as they are formulated on the principle of going concern which might influence profitability statement along with incorrect provision for depreciation. 4. Only monetary transactions are taken record of. 5. Financial Statement formulated is considered to be useful to normal users in normal conditions only (Magiera, 2010). A companys financial statement comprises of the Balance Sheet, Income Statement, Return on Earning and statement of cash flow. The liabilities in the balance sheet highlight companys debts and obligations. Accounts payable crops from the acquisition of goods and services from suppliers on credit without a note or financial written contract. Secondly, ascertain total cost incurred in dealing includes material cost, method of communication and requirement of inventory (Holmes, Marriott, and Randal, 2012). The balance sheet, cash flow, and income statement are all interrelated. The income statement explains about the utilization of assets and liabilities in a stipulated accounting period. In context to overall growth, the net income is the basic place to initiate analyzing the financial statement of the company. Operating profit margin also reflects about the sufficiency and profitability of the company. It helps in comparing the amount generated from sales before deduction of interest and taxes (Kim, 2015). The margin provides potential investors and analysts with an understanding of the success of the company and role of managers in the generation of profitable revenue. References Ato.gov.au. (2015).Prime cost (straight line) and diminishing value methods | Australian Taxation Office. [online] Available at: https://www.ato.gov.au/Business/Depreciation-and-capital-expenses-and-allowances/General-depreciation-rules---capital-allowances/Prime-cost-(straight-line)-and-diminishing-value-methods/ [Accessed 8 Sep. 2016]. Boshoff, E. and Van Zyl, E. (2011). The relationship between locus of control and ethical behaviour among employees in the financial sector.Koers, 76(2). Davidson, B. and Stevens, D. (2013). Can a Code of Ethics Improve Manager Behavior and Investor Confidence? An Experimental Study.The Accounting Review, 88(1), pp.51-74. Holmes, K., Marriott, L. and Randal, J. (2012). Ethics and experiments in accounting.Pacific Accounting Review, 24(1), pp.80-100. https://www.accaglobal.com, A. (2015).Medium-sized businesses | The right finance for your business | Business Finance | ACCA | ACCA Global. [online] Accaglobal.com. Available at: https://www.accaglobal.com/in/en/business-finance/right-finance/medium-sized.html [Accessed 9 Sep. 2016]. Igartua, J. and Albors, J. (2011). The implementation process of innovation management in a medium-sized company.Projects / Proyctica / Projectique, 7(1), p.105. Kim, S. (2015). COST-VOLUME-PROFIT ANALYSIS FOR A MULTI-PRODUCT COMPANY: MICRO APPROACH.ijafr, 5(1). MacKerron, G., Kumar, M., Benedikt, A. and Kumar, V. (2014). Performance management of suppliers in the outsourcing project: case analysis from the financial services industry.Production Planning Control, 26(2), pp.150-165. Magiera, F. (2010). Financial Statement Analysis.CFA Digest, 40(1), pp.85-86. Mallick, S. and Yang, Y. (2011). Sources of Financing, Profitability, and Productivity: First Evidence from Matched Firms.Financial Markets, Institutions Instruments, 20(5), pp.221-252. Mueller, J. (2016).Depreciation: Straight-Line Vs. Double-Declining Methods. [online] Investopedia. Available at: https://www.investopedia.com/articles/06/depreciation.asp [Accessed 9 Sep. 2016]. Stunguriene, S. and Christauskas, C. (2014). Benefits of Applying Different Depreciation Methods of Long-term Tangible Assets in a Company.Socscie, 82(4).

School General Education Essay Sample free essay sample

In sing an simple school general instruction. this is an analysis of their rules of practising literacy direction through lesson programs and execution. Some of the observation standards autumn under communicating. being a constructivist. understanding to trip anterior cognition. interaction and reasoning with a reappraisal and an appraisal of some sort. Teacher should work to increase students’ motive on acquisition and utilize systematic direction throughout the lesson program. After an observation description. associating the strengths. failings or betterments that should be made. a personal contemplation of execution is shared turn toing how the environment was used. how could it hold been altered to back up more chances for larning and what was surprising during the observation. During the hebdomad of February 11th. 2013. I was given the chance to detect Ms. Houzvicka’s foremost grade category at Juan Cabrillo Elementary in Hawthorne. CA. For one twenty-four hours. I observed her schoolroom for the full twenty-four hours. We will write a custom essay sample on School General Education Essay Sample or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page giving interruptions for tiffin. deferral and bite. The entire period of observation was between four to five hours. The programming and kineticss of Cabrillo Elementary in the last few old ages has shown to be improbably particular. Ms. Houzvicka explained to me that the Wiseburn District has pushed forth a program called the Single Plan for Student Achievement ( SPSA ) that focuses on actions to raise the academic public presentation of all pupils to the degrees of public presentation ends of the California Academic Performance Index ( API ) . As a consequence of the SPSA. at the beginning of each twelvemonth. the student’s anterior and future instructors spend clip to make up ones mind whether the pupil meets the baseline demand. finding if a pupil requires more clip with the instructor ; this sets them in a bracket of â€Å"early bird† or â€Å"late bird† . It is implemented so that pupils will have the support that they require. It allows for Language Arts direction to be conducted in smaller groups with the instructor and provides an chance for pupils with troubles to take portion in resource specializer plans without losing out on their regular daily direction. Cabrillo Elementary serves pre kindergarten through 2nd graders. On a regular twenty-four hours. there are many different times set for the pupils. Under the kindergarten agenda. there are the â€Å"tedde† kindergarten ( TK ) â€Å"early bird† and â€Å"late bird† pupils but besides the kindergarten â€Å"early bird† and â€Å"late bird† pupils. TK pupils are the pupils who merely miss the cutoff age for kindergarten. In kernel. TK pupils will see kindergarten in the span of two old ages. foremost to concentrate on societal or motor development and so in the 2nd twelvemonth. to concentrate on academic and learning accomplishments. First and 2nd graders are besides on the â€Å"early bird† and â€Å"late bir d† agendas for the same grounds. Each pupil is separately assessed at the beginning of the school twelvemonth. For illustration. for preschoolers. pupils were evaluated if whether they can acknowledge their letters. sounds and Numberss. From the baseline of come ining into the twelvemonth. there is a recorded sheet of their basic accomplishments. After each trimester. more information is documented. After the appraisal of each pupil is made. the instructors and resource specializers work together to find which of the plans that the pupil will go to. At Cabrillo Elementary. there are several plans to turn to the different demands of the pupils. The English Learners Development ( ELD ) and Reading Intervention plans allow for pupils to hold an drawn-out twenty-four hours concentrating chiefly on Language Arts or reading. The Individually Designed Arts Program ( IDAP ) focuses on dance direction to learn and help pupils in coordination and beat. which is believed to be necessary for reading and math. The IDAP besides includes a subdivision of vocal music for specifically 2nd graders to learn and better reading eloquence. With plans like these. the support of the alone programming and by detecting two categories at Cabr illo Elementary. it offers an environment that supports English Learners in several ways. Get downing the observation of Ms. Houzvicka’s schoolroom. the ambiance seemed everyday but merriment. interesting and challenging. The pupils were excited and delighted to be in the category. Each of them set their back pack outside of the schoolroom. entered and sat softly on the group carpet. Once they all arrived to the group carpet. they were encouraged to prosecute with Ms. Houzvicka in a sing-along vocal. The Farmer in the Dell. Modeling for the pupils to sing along. the vocal would travel through three unit of ammunitions to promote and give each of the pupils a opportunity to fall in along. if they wanted. It reminded me of a old text edition that I read where Serdyukov and Hill ( 2009. p. 59 ) stated that the synergistic procedure in a scene is what brings scholars and talkers together. A review of Ms. Houzvicka’s sing along opening activity to warm the pupils up to the twenty-four hours would be that alternatively of it. the possibly of utilizing something wi th more societal interaction would hold better suit the docket. The usage of societal interaction frequently bridges pupils. traveling from the unknown to the known and offers an chance to link to each other. doing material relevant to themselves and linguistic communication. However. with the lessons in front. this portion of the twenty-four hours makes sense because she is presenting different signifiers of reading to her pupils. By presenting this activity in the beginning of her twenty-four hours. it seems that she understands that pupils learn when they hear. read and when they are given the chance to be custodies on about literacy. After group rug clip. a set of three lessons concentrating on accomplishments that the pupils needed to better upon were presented and reviewed. The activities allowed for connexion between the word and an image. further and deeper comprehension. and encouraged self-expression. For illustration in one lesson. she encouraged the pupils to utilize their imaginativeness and pull the image of a word. For case. for the word. â€Å"pan† . the pupils needed to pull what they thought a â€Å"pan† would look like. In this lesson. she connects their anterior cognition to the word that they are conceive ofing. By presenting the word and actively inquiring the pupils to pull it. the new word becomes meaningful through personalization. In another lesson. while reading over a l ittle brochure with simple words and thoughts. she encouraged the pupils to link thoughts together. leting for a deeper comprehension of the sentence. So while the sentence said. â€Å"Billy runs. † She would inquire. â€Å"Who is Billy? Is it the butterfly? The snail or the fox? † The pupils would gestate that it is the fox because a butterfly can non run. it flies and a snail does non run but it is slow. Ms. Houzvicka engaged with the pupils with inquiries that would let for independent thought and connexions. Her end shined through that with reading. the pupils should read things in their entireness to do a decision. In a concluding lesson. she had. â€Å"read. cast. hint and write† words. The bit-by-bit procedure of this was to let the pupils to look at the word. interrupt down the word by letters. cast. so trace the word and repetition. In each of the three lessons that were covered. there was a strong presentation of mold. She gave illustrations of work. the procedure. and a concluding illustration of the work. giving criterions of what she expected. She besides activated their anterior cognition on what was non finished from the old twenty-four hours. helped the pupils make connexions and showed how the stuff became relevant. Here. she made it possible for pupils to go custodies on about their reading. literacy and linguistic communication. It showed that through these three activities. the pupils understood the waies. More significantly. Ms. Houzvicka was stressing linguistic communication as a tool to communicating with the aid of metacognitive development. By making a treatment environment. she would inquire inquiries ; allow the pupils reflect before replying for them and let them to work in braces if it meant that they were collaboratively larning together. She besides made certain that in her bringing of lessons. it was utilizing sheltered English. where her degree of address was natural but slow plenty to understand ; she kept her sentences short. clearly enunciated. simple. controlled and checked with the category for their apprehension. Each lesson and direction. Ms. Houzvicka used enthusiastic organic structure linguistic communication. facial looks. gestures. aid and encouragement. The interaction seemed positive. endearing and motivational while supplying a clip for the pupils to demo their high order and cr itical thought accomplishments. At the terminal of the twenty-four hours. she reviewed with her pupils. allowing them speak about what they read. compose and what was interesting for the twenty-four hours. To finalise the twenty-four hours. Ms. Houzvicka applauses the pupils for utilizing their critical thought and forcing Forth a great attempt in their lessons. The environment of Ms. Houzvicka’s category was organized. with her tabular array in one corner. a wall with a few computing machines and tabular arraies in rectangular forms to suit the pupils. On the walls. they were covered with many visuals of words. images. alphabets and artworks of the conditions. presidents to regulations of the schoolroom. On the board. before get downing. she had a timeline of the twenty-four hours in front. what they were traveling to make and when deferral was or tiffin. It was a thoughtful consideration of how to clew the pupils into their duties and docket. Most of the milieus in this category were thoughtful and supportive of larning literacy and reading. Not much of the milieus could hold been altered unless there were more resources. The one add-on that could hold benefited the pupils is by supplying more computing machines for the pupils who are high accomplishing. With merely four computing machines in the room. it restricts the sum of pupils that are able to utilize them after completing their category work. If there were more resources and package that incorporates more than one pupil at a computing machine. it could further back up the acquisition of literacy. Ms. Houzvicka’s lesson programs fit the generic program nevertheless. with clip direction. she was able to suit more information in the single lesson programs to maintain pupils occupied after one activity was finished. The appraisal and larning results may non be fit and clear cut rubric but their rating fits a public presentation or reliable appraisal. Rather than rating their replies. because all of their replies will be suiting to the stuff. she focused on the completion of the undertakings performed and the accomplishments obtained. This type of appraisal is more fitting for simple pupils and personally. seems more fitting for any educational scene. The force per unit areas of standardised trials. formative or summational appraisals seem to postpone from the joy of acquisition and retaining cognition. When it comes to measuring how I could perchance learn each of these categories otherwise. it is hard to better lessons that are working. With the consequences of the API Numberss lifting over the last old ages. the lessons implemented show pupils are larning. understanding. edifice assurance and volunteering in category. The lone possible change that I would propose for the school is to let for more category clip with the instructors. I feel that while these lessons are demoing betterment in the students’ tonss. the add-on of more originative. custodies on. art activities would heighten their involvement in linguistic communication. Humanistic disciplines and trades can lend greatly to a student’s interaction with a lesson. For case. a lesson program could include pulling a image of a scene in a book without looking at the illustrations. This add-on of an art and the usage of imaginativeness would prosecute and catch a student’s attending because it does non merely go individualized but it besides becomes merriment. However. Cabrillo shows through their implemented programs that the studentsâ€⠄¢ are retaining a positive experience and appreciating their instructors. While pupils are happy. instructors are supplying positive direction and consequences ; there is non much that can be done to teach otherwise. After the observation hebdomad. I spoke with Ms. Houzvicka about her ain adaptation of direction. how she implements and develops lessons. particularly for English Learners. Touching base on my ain acquisition about SDAIE and other methods. Ms. Houzvicka tells me SDAIE is â€Å"good teaching† that has enhanced her lesson programs. She admits that half manner through the school twelvemonth. she has seen a positive alteration in her pupils. They tend to be more confident and willing to take portion in treatments. With consequences in the API of the school. she is more than confident that the plans are working in the students’ benefit. She says that with the Wiseburn District’s population being a bulk of minorities. plans that push the cardinal elements of English. it boosts the assurance in pupils early on. which she believes. will hold a strong positive affect in their hereafter. She portions with me that while she directs her direction towards English Learners because her category ( like much of the school ) is filled with minorities with English being a 2nd linguistic communication at place. Cabrillo’s plans like ELD and Reading Intervention enormously help with the students’ educational attitude by offering the support and encouragement that they need. To complete our interview like conversation. she tells me that as a hereafter instructor. the tip to remain current in the schoolroom is to remain in melody with the pupils. For illustration. she tells me old ages ago. direction in the schoolroom was non engineering based ; remaining current with engineering. resources and what may catch the students’ attending is the most of import facet of being a good instructor. Cabrillo Elementary seems to be a strong school with instructors and decision makers that genuinely care for the promotion in their API but besides their students’ wellbeings and hereafters. Through the observation and interview. it has shined a visible radiation on the strengths of implementing SDAIE methods into lesson planning. how to do direction more individualized for the pupils but most of all. the attitude of the instructor is what sets the tone of the schoolroom. In my hereafter as an pedagogue. I hope that I will be able to follow the footfalls of Ms. Houzvicka and other great instructors. MentionsSerdyukov. P. . A ; Hill. R. ( 2009 ) Methodology for Second Language Development: Revised Education for National University. Boston: Pearson.

How to Celebrate Shakespeares Birthday

How to Celebrate Shakespeares Birthday Shakespeare was born and died on April 23 and over 400 years on, we are still celebrating his birthday. Joining up with a Bard birthday bash is the best way to celebrate, but if you’re unable to attend an event, throw your own party! Here, a few creative ways to celebrate Shakespeare’s birthday. 1. Visit Stratford-upon-Avon If you live in the UK or are visiting the area in the month of April, then there is no better place in the world to celebrate William Shakespeares birthday than his hometown of Stratford-upon-Avon. On the weekend of his birthday, this little market town in Warwickshire (UK) pulls out all the stops. Hundreds of people travel to the town and line the streets to watch the town dignitaries, community groups, and RSC celebrities mark the Bards birth by starting the parade in Henley Street where the Shakespeare Birthplace Trust can be found. They then snake their way through the streets of the town to Holy Trinity Church, the Bards final resting place. The town then spends the weekend (and most of the week) entertaining its visitors with street performances, RSC workshops, world-class theater and free community theater.   2. Perform a Scene If you cant make it to Stratford-upon-Avon or one of the other Shakespeare birthday events happening around the world, then why not throw your own party? Dust off that old Shakespeare tome and act out your favorite scene. Couples can try the famous balcony scene from Romeo and Juliet, or the entire family can attempt the tragic ending from Hamlet. Remember: Shakespeare didn’t write his plays to be read they were to be performed! So, get into the spirit and start acting. 3. Read a Sonnet Shakespeare’s sonnets are some of English literature’s most beautiful poetry. It’s a delight to read aloud. Ask everyone at the celebration to find a sonnet that they like and read it to the group. If you’re not sure how to do justice to Shakespeares works by reading aloud, we have some advice to make your performance sparkle. 4. Visit the Globe This might be difficult if you don’t live in London or plan to be there. But it is possible to build your own Globe Theater  and keep the family entertained all afternoon print out all the parts you need and reconstruct Shakespeares wooden O. You can also take a virtual  photo tour of the reconstructed Globe Theatre in London. 5. Watch a Branagh Film Kenneth Branagh has made some of cinema’s best Shakespeare film adaptations. Much Ado About Nothing is arguably his most upbeat, celebratory film the perfect flick to round out the Bard’s birthday bash.

Managment of an Effective Team Assignment Example | Topics and Well Written Essays - 500 words - 1

Managment of an Effective Team - Assignment Example The manager should try to be objective when measuring the performance of the employees not to rely on physical appearance which may be deceptive. 2To a larger extent, I think performance can also be clearly measured in the business world. First and foremost, it should be noted that the main essence of engaging in business is to generate profits from the operation. Each organization has startup costs and the expected profits are projected. These constitute the goals and objectives to be achieved by the organization. Thus, a positive increase in the profits generated by a company indicates that its performance is good. However, negative revenue generated in the operations of the organization shows that the performance of the company is not good. The aim of any business is to increase the revenue generated and this can be used as a yardstick to measure the performance of the company. The other method that can be used to measure performance is to obtain feedback from the customers. Essentially, the company should strive to satisfy the needs of the customers. Effort should be made to obtain feedback from the customers in order to e stablish if the company is performing well. 1. My experience with team at school has been influenced by factors such as team size. Working in a team is enlightening given that team members can share their ideas and knowledge in a free environment. It is also easy to share ideas when the tasks and roles to be performed by each team member are clearly outlined. I have also realise that the aspect of synergy of ideas help the team members to pull their efforts towards the same direction. However, the team’s performance can be hurt by adding more members given that people become less motivated. Coordination of the team members becomes a bit challenging and it may also be difficult to control the behaviour of the people within the team.  

The Strategies Used By Fitness First To Build and Sustain Competitive Essay

The Strategies Used By Fitness First To Build and Sustain Competitive Advantage - Essay Example It is evidently clear from the discussion that established in 1993, Fitness First has grown significantly through pricing strategies that outperform or are generically more attractive to consumers both price-sensitive and those looking for more value for their money. Whilst other competition position on quality, reputation or innovation, Fitness First has gained positive ground by appealing to the budgetary needs of its many target consumers. Fitness First maintains many weaknesses, most of which are related to marketing and promotional development, lack of a cohesive organizational culture, and an inability to remove supplier and buyer power in the market. Fitness First maintained losses in 2010 and 2011, indicating a problem with operational costs that continue to outpace revenue production. As such, in this highly competitive industry, marketing becomes a critical function for the company if it is to be sustainable into the future. Despite these weaknesses, strengths associated wi th proper celebrity endorsements and effective diversification of existing products and services to extend the life cycle of its offerings tend to offset some of the aforementioned weaknesses. It is recommended that Fitness First conduct ample market research to align service and product with changing consumer needs, work to build a more mission-focused organizational culture, and improve marketing prowess with more investment in promotion as a key competitive strategy (brand-building emphasis). Fitness First was launched in 1993 as a single, stand-alone gym in Bournemouth. Through a series of investments, acquisitions, and business model improvements, Fitness First has grown quickly to become one of the largest health club centers in the world. The privately-owned company now boasts over one million members in over 400 Fitness First clubs spread across the globe.

Risk assessment Essay Example | Topics and Well Written Essays - 2750 words

Risk assessment - Essay Example A risk based approach has been adopted for the development of a system for managing health, safety, and environmental risks. The system has been developed by benchmarking the system against international standards such as the ISO 2001. The components of the system include general requirements, SHE policy, planning, implementation and operation, measurement analysis and improvement, and management review. This section includes resources, roles, responsibility and authority. Competence, training and awareness have been addressed. Documentation, control of documents, operational control, and emergency preparedness and response have also been included. Probabilistic Risk Assessment (PRA) is an analytical method used to protect health and safety. The goal of PRA is to develop a method to predict concerns before they manifest in terms of loss, injury, or fatality. The calculation of risk involves mathematical representation and building model. Risk is related to the concept of safety, danger, hazard, loss, injury, death, toxicity, or peril. Risk is defined as , where ci is the consequence, and pi is the probability. Risk is expressed in terms of , average loss of life expectancy, or fatalities per 100000 persons per year (Ragheb, 2009). HSE (2007) has outlined five steps for the assessment of risks in the workplace. These include the identification of hazards; decision on who might be harmed and how; evaluation of risks and decision on precautions; recording of findings and implementation; and review of assessment and update as necessary. Sustainability in manufacturing includes product sustainability assessment, product design for sustainability, lifecycle issues in product design and manufacture, and product manufacture for societal impact. Product design and manufacture for societal impact includes personnel health, operational safety, security of personnel and systems, and work ethics. Manufacturing process should include environmentally conscious

Independent Variables Taxation Dependent Variable Firm Economics Essay

Independent Variables Taxation Dependent Variable Firm Economics Essay The textile sector accounts for 8-9 per cent of the total GDP, and generates 51 per cent of the export revenues for Pakistan, which is a huge number making it a very important sector. This sector is subject to high operating and financial leverage. Leverage plays a vital role in textile unit. Interest rates are the main determinants of investment and have an inverse relationship with investment. Lower real interest rates will encourage new investment by reducing the cost of capital. More debt means a higher level of interest payment each year, which is paid from net income. Interest is the major factor which is responsible for leverage. As compare to the others countries like Indonesia s Korea Malaysia is 5.5 and 4%. The situation with regard to textile industry is very serious. While interest as percentage of sales was 8.58%, interest as a share of value added was a high 12.9% for textiles. Garments is one sector which seems not be as adversely affected on this account. A consistently declining investment and economic growth rate is the major problem that the Pakistani economy has been facing for the last decade. An in-depth analysis of the determinants of private investment in different sectors of the economy is quite helpful in designing a plan for the economy. Interest rates emerge as the significant determinants of investment in all the sectors. Nominal interest rates and infrastructure are important in the case of agriculture only, while relative prices of imported machinery and real interest rates are significant in the manufacturing and services sectors. Unexplained variation in private investment is observed in the entire sector, which might be due to the different external and internal shocks to the economy. According to (MAHMUD, 2003) showed that economy is not good in Pakistan. Pakistan market capitalization and GDP growth are very low they have undeveloped equity market that is the reason of very high leverage ratio in Pakistan. A high proportion of fixed cost means that very high risk belongs to company. Government attention is not positively towards the textile sector. A high risk involved in the company so very low investment is carried out in the manufacturing sector and also high risk involvement means taking loans to the bank with high interest rate. Good economic policies requires for Pakistan and Japan textile sector (MAHMUD, 2003). The researcher (Denis, 2001) have searched that several academic studies have documented significant shareholder gains and operating improvements following highly leveraged transactions. These gains are generally attributed to changes in the incentive, monitoring, and governance structures of the firms. The results suggest that while high leverage is important in giving managers the incentive to generate cash, high managerial ownership of shares and improved monitoring from the board of directors are important in ensuring that cash is generated in a way that maximizes returns to shareholders (Denis, 2001). According to (V.O Boadu, 2002) the U.S. textile complex has experienced overcapacity of production, global financial crisis, changes in fashion trends and demand; and cheap imports from Asia. To become more competitive and profitable, U.S. textile manufacturers have focused on achieving greater speed, efficiency, and high quality production by investing heavily in automated technology Exports to Mexico and Canada were $9.5 billion, which constituted 51% of total exports. (V.O Boadu, 2002) Low-priced Asian imports believed to have been caused by the currency devaluation of major textile exporters such as Hong Kong, India, Indonesia, Japan, Pakistan, Philippines, South Korea, Sri Lanka, Taiwan, and Thailand Asian currencies stabilized through 2000, and resumed their downward path. (V.O Boadu, 2002) U.S. apparel manufacturers seem to have benefited from the cheaper Asian imports of textiles by the U.S. Global sourcing strategies by the industry in locating manufacturing. Sourcing is explained by the cost of investing in facilities and equipment, production costs, labor costs and availability, quality control, timing, risks which involved language, culture, political, etc. and reliability of product supply in the international market. Firm size relation with leverage: (shah Hijazi, 2004) took the test whose showed that tangibility, profitability, growth and size of the firm effect leverage in textile. There was positive relationship between the size of the firm and board size, high board size means number of directors, larger board means highs leverage. Debt is taken more and more, that will affect the company equity. Leverage board size showed that more out siders, which possibly reflects debt, can act as a monitoring device and also showed that leverage was lower when the CEO had a long tenure in office. (shah Hijazi, 2004) analyzed size of firms and profitability was negatively correlated with leverage. Hence this rejects the static trade off theory, which showed a positive relation between size of the firm and profitability. This shows that firms in cement industry use more equity and less debt. Tangibility of Assets and growth found to be positively correlated with leverage. All the results were Significant except the size of the firm. Thei r results with Shah and Hijazi (2005) were found to be different in terms of growth and size of the firm. They concluded that in developing countries like Pakistan, cement industry usage of short term financing is high than long term financing. (Spuma, 2000)concerned with different variables that indicate the level of leverage in firm. It shows that there is a negative relation among growth and leverage of the firm. Size of the firm is negatively correlated with the leverage of the firm. Interest rate relation with leverage: (N.Majluf, 2004) showed that there is a relationship between managerial operation and high leverage ratio; external investor not has enough information about the country policies, their environment, and firms operations. Inside investor can easily handle that situations comparison with external investor. (N.Majluf, 2004) Present share holder prefer debt financing because of firms need to issue debt when information is larger, stock price decrease etc. that could avoid under pricing and also show that the managerial share holder and long-term debt have a negative relationship. Interest is paid from net income it means more debt change to more interest and more interest means low income. (Chhibber K. Majumdar, 1998)The size of a firm is known to affect a firms performance in many ways. Key features of a large firm are its diverse capabilities, the ability to exploit economies of scale, and the formalization of procedures. These characteristics make the implementation of operations more effective and allow larger firms not only to generate greater returns on assets and sales but also to capture more value as a proportion of the value of production than is possible for smaller firms. Alternatively, larger firms could be less efficient than smaller firms because of the loss of control by top managers over strategic and operational activities within the firm. (Chhibber K. Majumdar, 1998) SIZE is an important control variable for another reason. While our data are cross-section ally extensive, we do not have the ability to measure a firms market power or the level of concentration in the industries in which the firms in our sample operate. This is a major limitation of the data, and we cannot include controls for market-structure factors that are important determinants of economic performance. SIZE reflects the ability of firms to attain economies of scale as well as market power.35 Finally, the inclusion of SIZE allows us to avoid the criticism directed against much empirical work in this area. H. Short notes that a major criticism that can be levied at the majority of the empirical studies is that they tend to concentrate on large firm samples, rather than taking a broad cross-section of firms of different sizes. (chen, 2008) argued that high leverage ratio would increase the possibility of a firms bankruptcy. More debt means a higher level of interest payment each year, which is paid from net income. Once the operation of a firm goes into trouble and net income is not enough to pay the interest, the firm has to face the threat of bankruptcy. This is one of the main reasons why firms cannot employ debt financing as much as they want and keep high leverage ratios. Static trade-off is exactly a trade-off between marginal tax saving from debt and marginal expected bankruptcy cost. Later literature tends to replace the bankruptcy cost with financial stress. Too much interest payment would reduce the cash retained in the firm.(CHEN, 2008) Consequently the firm will not have enough budgets to hire capable workers and executives, to undertake positive NPV projects, to cope with emergencies, etc. Furthermore, a higher leverage ratio would reduce the credit level and increase the operation risk of the firm. When facing new financing needs, the firm would be unable to use debt financing anymore, or unable to collect enough capital, or suffer a higher interest rate when borrowing. Even using equity financing, due to the low credit level and high risk, the firm would have to pay a higher price. Larger firms have larger amount of fixed assets and this amount directly reflects the ability of using collateral debt. Thus larger firms could borrow more than smaller firms and could get a more favorable price- lower interest rate(CHEN, 2008). According to the (Verma, 2002) Indias international competitors have as high an interest cost as in India 70. Its respective ratios were 2.05% and 3.3%. One important reason for this, according to some entrepreneurs, is the fact of predominant decentralized nature of garment sector in India. In Product Specific Cost- Supply Chain Management contain Factor cost (Cost of raw material), In Government Policy (Excise Policy, Technology Up gradation Fund, Strict labor laws), (Verma, 2002) IN Economy-wide costs (Economy-Wide Costs, Transaction costs, Transportation, interest rate).One important reason for this, according to some entrepreneurs, is the fact of predominant decentralized nature of garment sector in India. Also discussed Non-Price Factors in which included (Allow Foreign Direct Investment, Reduce the import duty on textile, Promote fair competition, Remove policy-bias against synthetic fiber, modify Labor related Provisions, Collaborating to Compete- Policies on Investing Abroad ). Furthermore, under the era of managed trade, too many textile. High cost of production relation with leverage: High financing cost relation with leverage: Taxation relation with leverage: (wang, jiebing, yao, 2001) the global financial crisis has led to a rising number of unemployed textile and clothing workers in China. The global financial crisis has had a negative impact on economic growth in China. The orders received by textile and clothing companies at the China Import and Export Fair declined by 30 per cent in the autumn. The Ministry of Finance increased tax rebate rates on some textile and clothing exports from 11 per cent to 13 per cent. The global financial crisis has seriously affected the textile and clothing industry in China. (wang, jiebing, yao, 2001) Some of those firms have gone bankrupt as a result of the global financial crisis More and more textile and clothing factories have been forced to relocate to the middle and western regions of China or to Asia-Pacific developing countries such as Bangladesh, Cambodia, Thailand and Viet Nam. China continues to maintain their unique competitive advantages arising from local textile and clothing industrial clusters with a comprehensive production chain, a pool of skilled labor, innovative fabric technology, sound infrastructure and economies of scale within the textile and clothing industry. The Government of China should continue to encourage the domestic large-scale textile and clothing enterprises to establish textile industrial parks in other developing countries. Provide a better financial package to support foreign direct investment by Chinese textile and clothing firms Improve infrastructure facilities and government efficiency in the least developed countries. (wang, jiebing, yao, 2001) Asset Turnover relation with leverage: (fama, 2009) mentioned in firm size, the proportion of tangible assets would probably play a role in debt or equity financing. he discussed that assets with a substantial and stable liquidation value would be a good guarantee for the firms investors. Compared with intangible assets, tangible assets are easier to be valuated and information is less asymmetric. In case of default and bankruptcy, tangible assets are easily to be changed into cash to pay for debt. Thus a firm with larger proportion of tangible assets tends to use more debt. Moreover, the guarantee effect of tangible assets depends on whether resale market is easily accessed. First, plants, machines and other properties that could be adopted by other firms would generally sale at a good bargain and thus are better guarantees for collateral debt. (fama, 2009) Assets that are unique and could not be directly used by other firms would not. Second, removable assets or assets that are close to market or to potential buyers wou ld easily be resold for cash and thus would be better as collateral. Not only proportion of tangible assets, but also characters of assets would play a role in leverage ratio. This researcher (J Ilyas , 2008) use proportion of tangible assets in total assets as a proxy for assets composition. Due to availability of data, characters of assets will not be precisely analyzed. the guarantee effect of tangible assets depends on whether resale market is easily accessed. First, plants, machines and other properties that could be adopted by other firms would generally sale at a good bargain and thus are better guarantees for collateral debt. Assets that are unique and could not be directly used by other firms would not. Second, removable assets or assets that are close to market or to potential buyers would easily be resold for cash and thus would be better as collateral. Not only proportion of tangible assets, but also characters of assets would play a role in leverage ratio. (J Ilyas , 2008) in firm size firm sizes influence on leverage ratio is not necessarily positive. Due to asymmetry information, small firms are more likely to be underpriced by investors than large firms and could not get favorable price when financing through equity. While using debt with a fixed interest rate, small firms could suffer less loss from mispricing. Thus small firms should tend to consider using more debt, compared to large firms..earnings plays more important role in firms leverage decisions as compared to other determinants of the capital structure.Tangibility of the firm is found to be negatively related to the leverage of the firm(J Ilyas , 2008) . (Miao,2005) provides a competitive equilibrium model of capital structure and industry dynamics. In the model, firms make financing, investment, entry, and exit decisions subject to idiosyncratic technology shocks. The capital structure choice reflects the tradeoff between the tax benefits of debt and associated bankruptcy and agency costs. The interaction between financing and production decisions influences the stationary distribution of firms and their survival probabilities. The analysis demonstrates that the equilibrium output price has an important feedback effect. (Miao,2005) This effect has a number of testable implications. For example it implies that high growth industries have relatively lower leverage and turnover rates. the higher the difference between ROA and cost of capital the higher is the return on equity because of the leverage effects. Similarly the higher turnover of assets results in higher return on assets, which in turn results in higher return on equity. Thu s the assets tangibility ratio i.e., ratio between fixed assets and total assets becomes important as capital structure determinant. (Spuma, Waters, and Payne, 1995) hence smaller firms are accepted to increase the profitability of going private, concluded that firms with less investment opportunities apply more leverage that is in accordance to both theories and leverage has a direct relation with the tangibility of assets. They also suggest that more profitable firms use less leverage. (Thornhill P, 1995)find that firms with higher financial deficits, i.e., firms that raise more external capital, tend to increase their leverage. They examine the tendency of managers to time the equity markets by interacting the market-to-book ratio with the amount of capital that a firm raises (i.e., its financial deficit). Their evidence suggests that firms tend to reduce their leverage ratios when they raise substantial amounts of capital when the equity market is perceived to be more favorable, (i.e., when market-to-book ratios are higher). There seems to be a consensus in the literature that suggests that these variables affect capital structures, at least temporarily. (Rajan,r,g zingales, 2002)compared leverage and its determinates across G-7 Countries that are united states, Germany, Canada, Italy, France, Japan and united Kingdom. They analyzed there was a positive relationship of leverage and profitability. Tangibility is positively correlated in all countries. Size is positively correlated with leverage except Germany. Investigated determinants of capital structure and leverage ratio of French, German and British firms with the help of penal data. Their results suggested that size of the firm positively affect the leverage ratio. They analyze relation of profitability, size of firms, fixed assets. (Rajan,r,g zingales, 2002) This study identifies a positive impact on firms size on leverage. While the relationship between fixed asset ratio and level of leverage was mixed means positive in Germany but negative in France and UK. This shows that tangibility of assets is more significant in bank borrowing in Germany. The effect of all these factor s on leverage depends on financial environment and tradition of the country in which firm operates investigated that there are a large number of variables that appear to be related to debt ratio of the firm but only few factors have significant effect on debt ratio. They found that relation between leverage and size of firm is positive. For tangibility of assets Empirical results showed a positive relation among leverage and tangibility of assets of firm. (Harris, 2007) a high leverage ratio would decrease the value of a firms equity. This provides opportunity for managers to buy more shares with the same amount of fortune. Meanwhile, external investors might be reluctant to invest in such firms, as high leverage is often linked with high risk. They also argued that managerial ownership is determined endogenously. Thus it is not safe and proper to assume an exogenous ownership structure and a dependent capital structure. (Harris, 2007) They try to use lagged control variables to get rid of endogenously. One way to address this issue is to use lagged variable. As there is no reason a priori that historical ownership structure would be correlated with current leverage ratio, we try to include historical ownership concentration in the regression. The variable they use ownership concentration during the year of the first listing. It could also be considered as an instrument of current year ownership concentration, if ownership is determin ed endogenously indeed. (Fatehi ,2003) 30 to 50 percent of all the expatriate placements do not work out as anticipated. Besides the direct financial costs involved with a failed expatriate assignment, the firm may incur other costs, including voided business deals, loss of valuable employees, the break up of joint ventures, and poor relations with the host Government. Fortunately, many MNCs have now realized the importance of cross-cultural training and the number of organizations involved in making preparations and arranging training prior to the departure of managers in foreign countries has increased lately(Fatehi ,2003)

The Power of Place :: Essays Papers

The Power of Place â€Å"The main thing is to root politics in place. The affinity for home permits a broad reach in the process of coalition building. It allows strange bedfellows to find one another. It allows worldviews to surface and change. It allows politics to remain an exercise in hope. And it allows the unthinkable to happen sometimes.† Allen Thein Durning, This Place on Earth , P.249 The concept of place, home and community is a transnational and trans-community concept. Human places have just recently been given political boundaries. Previously, human boundaries were determined the same way that animal, plant, and ecosystem boundaries were defined. They were defined by ecology and they were defined by geography of region and hemisphere. Tony Hiss Author of The Experience of Place brings to our attention that as humans â€Å"We react, consciously or unconsciously, to the places where we live and work, in ways we scarcely notice or that are only now becoming known to us†¦In short, the places where we spend our time affect the people we are and can become.† Place defines characteristics in both human and extended moral communities. Place is not necessarily specific to gender, race, generation or specie. This understanding and recognition of place is fundamental when thinking about institutionalizing ecological and social responsibility. Because of human and nonhuman connections to specific places including knowledge, experience and community, using a sense of place and permanence as a green transnational multilateral initiative could be a successful step towards green democracy and ecological citizenship. Robyn Eckersley offers the suggestion of a constitutionally entrenched principle that would enhance ecological and social responsibility: the precautionary principle. I suggest connecting localized, place-specific boundaries with the principle. This addition is meant to aid in fostering ecological citizenship, expanding the moral community, and creating a responsible society. This addition would also be meant to unite a transnational issue that all nations could agree upon. This would create a binding multilateral principle that would be thoroughly accepting of specific ecological needs and characteristics of specific places. In short, the big picture of an international perspective needs the resolution of the peculiarities of place that can't be emphasized in a global viewpoint. The second major international environmental conference was held in Rio de Janeiro, in 1992. It was at Rio that the precautionary principle first became known to the public. Called principle 15, the precautionary principle provided that: â€Å"Where there are threats of serious or irreversible damage, lack of full scientific certainty shall not be used as a reason for postponing cost-effective measures to prevent environmental degradation† (p.