How Did Manifest Destiny Manifest Itself - 1876 Words

How did Manifest Destiny manifest itself? Manifest Destiny manifested itself in several ways during the period 1840-1896. Almost every major crisis or notable event was somehow related to manifest destiny. To understand the meaning of Manifest Destiny, we need to go back to its origins. The term Manifest Destiny was first used by John O ´Sullivan in July-August 1845, in the Democratic review; â€Å"our manifest destiny to overspread the continent allotted by Providence for the free development of our yearly multiplying millions† O ´Sullivan said this while asking Congress for the annexation of Texas. The annexation followed quickly after but O ´Sullivan ´s use of sentence was barely noticed. Later in 1845, O ´Sullivan reused the phrase but†¦show more content†¦The gold rush lasted from 1848 to 1855 and it was a huge boom for California. Manifest Destiny developed in a completely different idea during that period. The WASP ´s were actively looking for gold and they tried to prevent the minorities from finding any expensive resources. The Whites also benefited from the treaty of Govt. While the whites found minerals, the water of the Native Americans was poisoned and not clean so therefore they suffered from disease and sometimes-even death . Native Americans also died of smallpox and other rear diseases At the start of Manifest Destiny, less then 20,000 people lived in California. By 1855, there were over 300,000 gold seekers. Because of this massive increase, anti-foreigner laws were passed. Racist ideas were passed on in generations and the tax for immigrants got increased so that they would move out of America. Manifest Destiny was again used as an excuse for white supremacy. Sometimes, the government just took land and said that God told them to. After a few years, California became its own state when all the Native Americans were gone. People, which were pro- slavery, argued that manifest destiny allowed them to bring their slaves into the new land. In their point of view, they helped the slaves because they gave them food and a few supplies but in fact the slaves were treated badly and it wasn ´t right to do it. Before the Mexican war, there had been 15Show MoreRelatedThere Were Different Researches Done To Show What Caused1059 Words   |  5 PagesAmerica and others say Mexico themselves. There has been some insight by Ramà ³n Eduardo Ruiz, David J. Weber, Rodolfo Acuà ±a, and Walter Nugent. From Ramà ³n Eduardo Ruiz’s article, there are mentions of the Manifest Destiny. Manifest Destiny played a role in the New World and in Mexico. In â€Å"’From Hell Itself’ The Americanization of Mexico’s Frontier† by David J. Weber, talks about the issues within Mexico that caused them to lose so much of their territory. From Rodolfo Acuà ±a in â€Å"Legacy of Hate: The ConquestRead MoreAp American History - by: Alberto Alonso937 Words   |  4 Pageswere some of the rejections of the people. But the one thing the people did not like during this time period was the annexation of Texas and the Mexican War. â€Å"The opponents of the annexation of Texas and the Mexican War attacked slavery as the root cause for expansion.† However, slavery was not the only reason America sought for expansion. Other than slavery, people wanted to expand America because they believed in Manifest Destiny (an idea during the 19th century in which people believed that AmericaRead MoreManifest Destiny By James K. Polk1257 Words   |  6 PagesJack Biernesser Mr. Schulten U.S. History 16 March 2016 Manifest Destiny Manifest Destiny is the belief during the 19th century, that the United States of America not only could, but was destined to, stretch from coast to coast. The idea of Manifest Destiny helped to fuel the war with Mexico and the removal of Indians from the United States. The American people and government lived by this belief. Manifest Destiny had many good results like the expansion of the American territory. It also had manyRead MoreManifest Destiny : Manifest Identity878 Words   |  4 PagesPrincee Thakkar 1001051938 Professor- Dr. Goral. MANIFEST DESTINY Manifest Destiny was basically the belief Americans had to extend its systems of democracy, federalism, and personal freedom, as well as to accommodate its rapidly growing population by ultimately taking possession of the entire North American continent. My interpretation remains diplomatic. Since Manifest Destiny was always a general notion than a specific policy. It had helped the Native Americans to expand their land and the AmericanRead MoreManifest Destiny Essay Outline1251 Words   |  6 Pages12/25/17 Manifest Destiny The belief in Manifest Destiny, that settlers were destined to expand across North America, was held by most Americans. At the same time the belief came about, debates in Washington were going on about the future of America. While many debates were held in Washington, there was also a lot of conflicts in states like Kansas and Nebraska. Both the debates in Washington regarding the westward expansion of the new nation and the laws by which it should govern itself, as wellRead MoreThe Manifest Destiny Essay1076 Words   |  5 Pagesfull swing by the 1840s. Which evidenced that the continued expansion of the states was an issue and the idea of a Manifest Destiny was of major importance. John L. O’Sullivan once stated, â€Å"Our Manifest Destiny is to overspread the continent allotted by Providence for the free development of our yearly multiplying millions† (America: A Narrative History). The idea of a Manifest Destiny originated in the 1840s by the Anglo-Saxon Colonists to expand their ideal civilization and institutions across NorthRead MoreNative America, Discovered and Conquered: Manifest Destiny803 Words   |  4 PagesTerritory and the prospects of future land acquisition, Americans used the idea of Manifest Destiny to justify their actions for moving westward and their treatment of Native Americans. The idea of Manifest Destiny was created directly by the European-used Doctrine of Discovery and industrialization; this direct correlation was proven to be true from the verdict of the court case Johnson v. M’Intosh. The term â€Å"Manifest Destiny† was never actually used until 1845, but the idea was always implied from theRead MoreThe United States Essay1243 Words   |  5 Pagesknown as Manifest Destiny. Over the five decades that Manifest Destiny lasted politics and the government changed along with the geographic face of the United States while the country expand to cover most of North America. Of these political changes, the death of the Federalists, birth of the Whigs and reformation of the Democratic party were among the most prominent. However an underlying conflict began to progress with each new purchase and acquisition of territory. Manifest Destiny led to multipleRead MoreManifest Destiny Essay1433 Words   |  6 PagesManifest Destiny Westward expansion was a key component that shaped the United States not only geographically, but economically as well. The first sign of any expansion West from the original states was when Thomas Jefferson bought the Louisiana Purchase from France in 1803. The country was in need of new land in order to accommodate for the expanding population. Once the country started to expand, its power soon followed. The nation had a struggle with expanding because of the Native AmericansRead MoreEssay on America Has Been A World Power1040 Words   |  5 Pagesnbsp;nbsp;nbsp;nbsp;nbsp; nbsp;nbsp;nbsp;nbsp;nbsp;America has been a world power for as long as anyone can remember. But how did it become what it is today? Through decades of racism and greed! Our country is one of the most racist country’s there has ever been! But without it America would be nothing like it is today. Slavery made America and racism made it grow. America has proven itself to be a selfish, greedy, and racist country. nbsp;nbsp;nbsp;nbsp;nbsp;The 1840s were years of extraordinary territorial

Prometheus Unbound Free Essays

In examining Asia’s speech, appearing in Act 2 of Percy Bysshe Shelley’s ‘Prometheus Unbound,’ it is evident that Shelley utilised a vast range of themes to create such a unique piece. Overall, the play draws chiefly from areas such as Philosophy, Romanticism, Mythology, Music and Religion (Rossetti). However, the play itself could not have been created without Shelley’s reading of Aeschylus’s play, â€Å"Prometheus Bound† (McDonald). We will write a custom essay sample on Prometheus Unbound or any similar topic only for you Order Now In this sense, the play is very much an appropriation of and sequel to the original. With the above matters combined, Shelley created a work that is conceptually complex, providing the foundations for a challenging yet dramatic play that â€Å"paradoxically performs itself inside the mind of the reader† (Quillin). Asia’s speech in Act 2 reveals Prometheus as fundamentally, the first humanitarian. As such, Prometheus is known as the liberator of humanity and referred to as the â€Å"culture bringer† (Greenblatt 821). Symbolically, Rossetti affirms, â€Å"The unbinding of Prometheus is the unbinding of the human mind† (28). In addition, Rossetti suggests the cave that retains Prometheus â€Å"†¦is the cavern of the human mind- the recesses of creative and contemplative thought, vocal with human sympathy, fertile of human enlightenment and elevation† (31). Therefore, Shelley’s ideas signify Romanticism, as his writing insinuates when individuals attain freedom, the power of their imagination is unlocked (Quillin). This can be seen in the â€Å"Prometheus saw, and waked the legioned hopes Which sleep within folded Elysian flowers, Nepenthe, Moly, Amaranth, fadeless blooms; That they might hide with thin and rainbow wings The shape of death; and Love he sent to bind The disunited tendrils of that vine† â€Å"Prometheus saw, and waked the legioned hopes Which sleep within folded Elysian flowers, Nepenthe, Moly, Amaranth, fadeless blooms; That they might hide with thin and rainbow wings The shape of death; and Love he sent to bind The disunited tendrils of that vine† subsequent fragments of Asia’s speech. First and foremost, Asia’s speech is one of unrhymed rhythm and abundant of religious connotations depicting parallels between Greek mythology and Christianity (Quillin). The word ‘Elysian’ refers to Greek mythology and the paradise to which heroes on whom the gods deliberated immortality were sent (Encyclop? ia Britannica). The word ‘hope’ is personified as it is ‘woken’. The awakening of ‘legioned hopes’ may also signify the mass of humanity, in the sense they have been transitorily paralysed by Jupiter’s wrath. It also provides parallels to purgatory, as the forced temporary suffering upon human kind occurs for an unspecified period of time (Padgett). The heavenly flowers act as strength to Prometheus. With Prometheus’ epiphany that love is the answer, the ‘binding’ of the ‘disunited tendrils’ symbolises Prometheus’ realisation that he can be reunited with his wife. The ‘vine’ may also symbolise the chains that bound Prometheus to the cliff. In addition, metaphorically, the vine could represent the almighty strength of a vine in comparison to Prometheus and Asia’s undying love. Rossetti expands this notion, by stating Prometheus and Asia may be regarded as the â€Å"union of the mind and body, or mind and â€Å"Which bears the wine of life, the human heart; And he tamed fire which, like some beast of prey, Most terrible, but lovely, played beneath The frown of man, and tortured to his will Iron and gold, the slaves and signs of power, And gems and poisons, and all subtlest forms, Hidden beneath the mountains and the waves. † â€Å"Which bears the wine of life, the human heart; And he tamed fire which, like some beast of prey, Most terrible, but lovely, played beneath The frown of man, and tortured to his will Iron and gold, the slaves and signs of power, And gems and poisons, and all subtlest forms, Hidden beneath the mountains and the waves. † beauty, or intellectual and emotional/loving elements in the human soul† (32). The first line alludes to the greatest gift in life and predominant theme in Prometheus Unbound; love. Love aids the strength and power in Prometheus’ defeat of Jupiter. Evidently, ‘The frown of man’ refers to Jupiter, the chief of Gods who initiated the binding of Prometheus (Magill). After the annulment of Jupiter’s curse upon Prometheus, the play suggests if human kind decides to embrace love, freedom and reject all evil, then the reforming of humanity should occur (Padgett). Thus, the poem is contradictory to Shelley’s statement in the preface stating that â€Å"Didactic poetry is my abhorrence† (Greenblatt 797) as it essentially teaches morality. Once more, the play provides a parallel to Christianity, in the sense that the characters ‘Prometheus’ can be compared to Christ and ‘Jupiter’ to Satan (Padgett). As pointed out, Shelley’s philosophical roots are strongly embedded throughout the play. With this is mind, it is clear that Shelley utilised Aristotle’s theory of the four basic constituents of matter; earth, water, air and fire as a thematic element within the play (Fowler). Thus, words such as ‘fire’ and ‘forms’, refer to Shelley’s cosmic approach to symbols represented throughout the play (Padgett). This distinctive style of imagery enabled Shelley to thoroughly capture the readers’ imagination, as his writing suggests imagery â€Å"He gave man speech, and speech created thought, Which is the measure of the Universe; And Science struck the thrones of Earth and Heaven Which shook, but fell not; and the harmonious mind Poured itself forth in all-prophetic song, And music lifted up the listening spirit Until it walked, exempt from mortal care, Godlike, o’er the clear billows of sweet sound; And human hands first mimicked and then mocked With moulded limbs more lovely than its own The human form, till marble grew divine, And mothers, gazing, drank the love men see Reflected in their race, behold, and perish. † â€Å"He gave man speech, and speech created thought, Which is the measure of the Universe; And Science struck the thrones of Earth and Heaven Which shook, but fell not; and the harmonious mind Poured itself forth in all-prophetic song, And music lifted up the listening spirit Until it walked, exempt from mortal care, Godlike, o’er the clear billows of sweet sound; And human hands first mimicked and then mocked With moulded limbs more lovely than its own The human form, till marble grew divine, And mothers, gazing, drank the love men see Reflected in their race, behold, and perish. † that can be conceived various ways simultaneously (Padgett). The final section of Asia’s speech further glorifies Prometheus and the birth of liberation for human kind. It also typifies the premise of the entire drama; Prometheus is acknowledged as â€Å"the culture bringer† (Greenblatt 821). Meaning, he has given human kind the power of intellectual ability, made up of the creative arts and sciences, thus, liberating human kind. This is evident as â€Å"He gave man speech, and speech created thought, which is the measure of the universe†. This line highlights what Prometheus has achieved for the human race. Proving his suffering was not in vain, Rossetti states it has provided intellectual freedom for the rest of society (31). Furthermore, the line; â€Å"music lifted up the listening spirit† reiterates Prometheus’ liberation of human kind. From this, it is clear that Shelley adopts musical themes in his poetry when language no longer proves to be an effective mode of aestheticism (Quillin). Overall, Shelley produces a dramatic piece addressing his revolutionary ideals by combining music and dialogue, which ironically performs itself in the mind of the reader (Quillin). In Conclusion, Percy Bysshe Shelley’s ‘Prometheus Unbound’ was conceptually inspired by a plethora of key factors. Throughout ‘Prometheus Unbound’, it is evident that Shelley’s approach to imagery stems profoundly from his interest in Philosophy, Romanticism, Mythology, Music, Religion and most importantly, the appropriation of and sequel to Aeschylus’s play, â€Å"Prometheus Bound† (McDonald). These key elements have enabled a multifaceted approach to Shelley’s’ writing, formulating the dramatic shape of the play as a whole. Works Cited â€Å"Elysium†. Encyclop? dia Britannica. Encyclop? dia Britannica Online. Encyclop? dia Britannica Inc. , 2013. Web. 11 Mar. 2013. ;http://www. britannica. om/EBchecked/topic/185418/Elysium; Fowler, Micahel. â€Å"Aristotle. †Ã‚  Beginnings of Science and Philosophy in Athens. N. p. , 9  Feb. 2008. Web. 11  Mar. 2013. ;http://galileoandeinstein. physics. virginia. edu/lectures/aristot2. html;. Greenblatt, Stephen, Ed. The Norton Anthology of English Literature. 9th  Ed. New York, United States: W. W Norton ; Company, Inc. ,  2012. Print. Magill, Frank. â€Å"Prometheus Unbound. † Magill Book Reviews,  2011. Web. 10  Mar. 2013. ;http://www. enotes. com/prometheus-unbound-salem/prometheus-unbound-0089900364;. McDonald, Marianne. â€Å"Aeschylus’ Prometheus Bound.   Osher Lifelong Learning Institute – UC San Diego Extension. N. p. ,  2008. Web. 10  Mar. 2013. http://olli. ucsd. edu/documents/aeschylus. pdf. Padgett, John B. â€Å"The Imaginary Ideal: Prometheus Unbound. †Ã‚  Shelley, Dante, and Romantic Irony. N. p. ,  1995. Web. 11  Mar. 2013. http://www. mcsr. olemiss. edu/~egjbp/thesis/chapter2. html. Quillin, Jessica K. â€Å"An assiduous frequenter of the Italian opera: Shelley’s Prometheus Unbound and the opera buffa. †Ã‚  Romantic Circles. University of Maryland, 15  Mar. 2005. Web. 10  Mar. 2013. http://www. rc. umd. edu/praxis/opera/quillin/quillin. html. How to cite Prometheus Unbound, Papers

Putting the People Component of the Business Entity

Question: Discuss about the Report for Putting the People Component of the Business Entity. Answer: 1. The income statement for Bonza Handtools Ltd. for the last twelve months is presented below: Particulars Amount in $ Sales 20000 units Selling price per unit 130 Revenue 26,00,000 Variable Manufacturing cost per unit 50 Variable Manufacturing cost 10,00,000 Fixed manufacturing costs 4,00,000 Variable selling administrative cost per unit 30 Variable selling administrative cost 6,00,000 Fixed selling administrative cost 3,00,000 Total operating cost 23,00,000 Operating income 3,00,000 Operating profit margin 11.5% The management wants to increase the profitability of the product, and for the purpose it is considering three alternatives to increase the profitability. The profitability of each of the alternative along with their analysis is presented below: Alternative 1 Increase selling price by $10 with an increased advertising expenditure of $125000 so that sales do not drop. Particulars Amount in $ Sales 20000 units Selling price per unit 140 Revenue 28,00,000 Variable Manufacturing cost per unit 50 Variable Manufacturing cost 10,00,000 Fixed manufacturing costs 4,00,000 Variable selling administrative cost per unit 30 Variable selling administrative cost 6,00,000 Fixed selling administrative cost 4,25,000 Total operating cost 2425,000 Operating income 3,75,000 Operating profit margin 13.4% The above increase in selling price has increased the operating profit margin by almost 2%. However, an increase in price of a product without any corresponding addition to the features or quality of the product may not work for the company, as the customer will not be willing to pay extra. Even though the company will increase its advertising expenditure which may attract some new customers but the existing sales is bound to come down with an increase in price. It is very difficult to garner new customers with an increased price because demand has the highest elasticity with price and with an increase in price; the demand is going to go down. Moreover, the advertising campaign is a national advertising and not directed towards the targeted audience, hence the results of the campaign might not be favourable. Alternative 2 Improving the quality of the product and additional advertising campaign expenses of $50000 to increase the volume of sales. An increase in variable cost by $5 per unit in order to improve sales. Particulars Amount in $ Sales 25000 units Selling price per unit 130 Revenue 32,50,000 Variable Manufacturing cost per unit 55 Variable Manufacturing cost 13,75,000 Fixed manufacturing costs 4,00,000 Variable selling administrative cost per unit 30 Variable selling administrative cost 7,50,000 Fixed selling administrative cost 3,50,000 Total operating cost 23,00,000 Operating income 3,75,000 Operating profit margin 11.5% The above proposal does not offer any increase in the profit margins. It is the same as last year. Even though the assumptions of this alternative are more realistic than the previous one, however this alternative offers no added advantage. An improvement in product quality without any corresponding increase in price is bound to increase the sales volume and an advertising campaign targeted at the home renovators and trade people will definitely lead to an increase in sales volume as they would be aware of the quality improvement and hence would demand more drills. The management expects the sales volume to increase by 25%, however if we consider a variation of 10% in the sales volume and expect the volume to increase by 27.5% instead of 25%, the expected operating margin would be 10.5%. Alternative 3 A rebate of $10 offered on drills sold for the first three months with an advertising cost of $40000. Particulars Amount in $ Sales 10000 units Selling price per unit 120 Revenue 12,00,000 Variable Manufacturing cost per unit 50 Variable Manufacturing cost 5,00,000 Variable selling administrative cost per unit 30 Variable selling administrative cost 3,00,000 Total variable cost 8,00,000 Particulars Amount in $ Sales 14000 units Selling price per unit 130 Revenue 18,20,000 Variable Manufacturing cost per unit 50 Variable Manufacturing cost 7,00,000 Variable selling administrative cost per unit 30 Variable selling administrative cost 4,20,000 Total variable cost 11,20,000 Particulars Amount in $ Total revenue 30,20,000 Total variable cost 19,20,000 Fixed manufacturing costs 4,00,000 Fixed selling administrative cost 3,40,000 Total operating cost 26,60,000 Operating income 3,60,000 Operating profit margin 11.92% From the above table, we see that the operating profit margin has increase by 0.4% to 11.92% in the last alternative. The assumptions of the suggestion are also realistic because it offers a discount of $10 to its customers along with an advertising campaign which is bound to increase the volume of sales because as mentioned earlier demand is the most elastic to price, hence a discount will lead to increase in sales. Moreover, the company offers rebate only for a limited period, and still it is able to increase its profits. Since volume increase is only an estimate, hence if we consider a variation of 10% in the increase in sales. Currently sales have increased by 4000 units in first three months, which is 66.7% increase from 6000. A variation of 10% would mean increase in sale by 60%. Hence new sale volume would be 9600 units instead of 10000 units. The resulting change would be operating profit margin of 11.57% which is still higher than the other proposals. Recommendation On the basis of the above analysis, it is recommended that the company should go ahead for the third alternative of giving a rebate of $10 in the first three months as it has the highest operating profit margin even after considering the variation of 10% in sales volume; it has the highest profit margin. 2. The budgeted income statement for Tassie Company is as follows: Particulars Per unit in $ Amount in $ Sales units 150000 Selling price 15 22,50,000 Direct Material 2.5 3,75,000 Direct Labour 3 4,50,000 Variable factory overhead 1.5 2,25,000 Fixed factory overhead 2 3,00,000 Variable selling and administrative cost 2 3,00,000 Fixed selling and administrative cost 1.5 2,25,000 Total cost 18,75,000 Operating income 3,75,000 Profit margin 16.67% a) Bid for supply of additional 40000 units to the government when the capacity is 200000 units per year The total production including the government supply will be 190000 units, so the factory can produce additional 40000 units. Variable costs additional 40000 units Particulars Per unit in $ Amount in $ Direct Material 2.5 1,00,000 Direct Labour 3 1,20,000 Variable factory overhead 1.5 60,000 The Income Statement for total 190000 units Particulars Per unit in $ Amount in $ Sales units 190000 Selling price 15 28,50,000 Direct Material 2.5 4,75,000 Direct Labour 3 5,70,000 Variable factory overhead 1.5 2,85,000 Fixed factory overhead 2 3,00,000 Variable selling and administrative cost 2 3,00,000 Fixed selling and administrative cost 1.5 2,25,000 Total cost 21,55,000 Operating income 6,95,000 Profit margin 24.4% The company will bid for 40000 units. b) When the production capacity is 180000 units per year. Even when the production capacity is 180000 units per year, the company will bid for additional 40000 units because the government bid is profitable in the sense that there is no variable selling and administrative costs and no additional fixed expenses are employed. Hence the total costs get reduced. Hence, the company will produce 180000 units but will supply 40000 units to the government and the remaining 140000 units will be sold in the market. The income statement for 180000 units sales is presented below: Particulars Per unit in $ 140000 units ($) 40000 units ($) Total in $ Revenue 15 21,00,000 6,00,000 27,00,000 Direct Material 2.5 3,50,000 1,00,000 4,50,000 Direct Labour 3 4,20,000 1,20,000 5,40,000 Variable factory overhead 1.5 2,10,000 60,000 2,70,000 Fixed factory overhead 2 3,00,000 3,00,000 Variable selling and administrative cost 2 2,80,000 0 2,80,000 Fixed selling and administrative cost 1.5 2,25,000 2,25,000 Total cost 17,85,000 2,80,000 20,65,000 Operating income 3,15,000 3,20,000 6,35,000 Profit margin 23.5% Here we see that even though the company is producing only 180000 units, however, it is making a profit margin of 23.5% as government supply with lower costs has helped in increasing the profit margin. Hence the bid would be for 40000 units. 3. An item is regarded as an asset it has been purchased by the company for a monetary value which can be measured and the asset provides economic benefits in the future. Salary cannot be regarded as an asset on the balance sheet because the employees are not owned by the company and they have not been purchased. (Otter, NA). Salary is the amount paid by the company to the employees for their services in the reporting period. An asset gives future benefits while a salary is recorded for the current services. Also purchase of an asset involves a transaction whereas no transaction is involved in hiring an employee. (Back, 2010) Depreciation is the decrease in value of an asset over the years. The total depreciation till date is called accumulated depreciation. Depreciation cannot be regarded as an asset because it is a contra asset that is reported in the balance sheet as a reduction from total assets. Since depreciation does not provide any economic benefits, it is not an asset. Also depreciation cannot be purchased or sold; rather the machine on which the depreciation is applied is purchased or sold. 4. Overhead allocation rate for the labour intensive process Allocation rate = total overheads / total budgeted labour hours = $98,400 / 25795 = $3.8 Total costs of special order of 350 trailers Amount in $ Direct material (2100kg@$16.1 per kg) 33810 Direct labour of 1400 hours @12.7 17780.2 Machine hours of 525 hours @12.7 6667.6 Indirect costs (3.8*350) 1335.1 Total cost 59592.9 Working notes Direct labour and machine hours cost has been calculated by the budgeted direct labour rate as the process is labour intensive which is $3,27,600 / 25,795 hours = $12.7 Overhead allocation rate on the basis of machine hours = 98400 / 9840 = $10 Total costs of special order of 350 trailers Amount in $ Direct material (2100kg@$16.1 per kg) 33810 Direct labour of 1400 hours @12.7 17780.2 Machine hours of 525 hours @12.7 6667.6 Indirect costs (10*350) 3500 Total cost 61757.8 Minimum price per trailer The minimum price per trailer would be the total cost per unit of the trailer. Since the overhead costs have been calculated using labour and machine hours as the allocation base, we see the total cost per unit by both methods: Labour hours allocation base minimum price = 59592.7 / 350 = $170.26 Machine hours allocation base minimum price = 61757.5 / 350 = $176.45 Segmented overhead cost pools are different cost pools created for various category of overheads and the cost is allocated to the products using a different overhead rate for each cost pool. An extension to above allocation is called activity based costing. ABC costing has two steps, first being identification of different cost drivers which have lead to the arising of the cost. Some of these activities include assembly, packaging, labelling, transport etc. once the cost drivers are identified, an overhead rate for each cost driver is determined using the total cost and usage of the activity. Now on the basis of the use of activity by each product, the overhead costs are assigned to the products. For example, a product uses 200 machine hours on assembly which has a overhead rate of $5 whereas it uses only 50 labour hours on packaging which has a overhead rate of $20, the product will have a total lower overhead costs as compared to a product which uses 50 machine hours on assembly an d 100 labour hours of packaging will have a higher overhead costs. Thus, ABC ensures overheads are allocated to the products on the basis of usage of the activity. (CIMA, 2008) References Otter, J. (NA), Putting the People Component of the Business Entity on the Balance Sheet, Department of Applied Accountancy, University of South Africa Back, L., (2010), The Most Important Assets are not on the Balance Sheet, accessed online on 13th September, 2016, available at https://www.triplepundit.com/2010/09/the-most-important-assets-are-not-on-the-balance-sheet/ CIMA, (2008), Activity Based Costing, Topic Gateway Series No. 1, accessed online on 13th September, 2016, available at, https://www.cimaglobal.com/Documents/ImportedDocuments/cid_tg_activity_based_costing_nov08.pdf.pdf

The Philosophy Of Truth Making You Free Essay Example For Students

The Philosophy Of Truth Making You Free Essay The Philosophy of Truth Making You FreeThere exists a philosophy that, the truth will make you free. For example,exposing a conspiracy that does yourself and others harm can only set you freefrom further harm and related mischief. Whether or not the conspirators are thecriminals of society or the highest branches of our own government. Injusticespreads like a virus and it needs to be stopped while there is still a way. Theeffects of such an act can only free us and make us more aware of suchcorruptness. Moreover, a conspiracy spawned by criminals in society, to cause harm,will no doubt enslave the public both mentally and physically. The society willsee the injustice happening but will not know from where it is being caused. This effect will be expressed in the sort of decisions they make and companythey keep. A more defensive society cannot feel free until the conspiracy isbrought to light, that is until the truth is told and the harm is stopped,society cannot be free. We will write a custom essay on The Philosophy Of Truth Making You Free specifically for you for only $16.38 $13.9/page Order now Furthermore, a harmful conspiracy in the highest levels of ourgovernments prevents freedom on a greater scale. If the truth cannot be found inthe government that we elect, then what hope have we for progress. Mistrust andsuspicion will be the tools of this brand of enslavement. If the truth isrevealed then the uncovered conspiracy will free the public from the secrets andlies and in essence keep the government honest. First, the truth will make you free, is an irresponsible statement. Toreveal the truth is not necessarily the best solution to a conspiracy. When youmake the public aware of all that goes on whether it be what the criminals areup to or the high officials of governments, then a little knowledge causes a lotof unnecessary panic. A public with a truthful knowledge of what criminals havebeen doing will become paranoid beyond belief. They become defensive andsuspicious of every person. That is how the truth can make you a prisoner ofyour own devising. Also, when this harmful conspiracy in the higher levels of societybecomes known, then a little truth can cause a lot of harm. The issues that thegovernment deals with are of such great consequence that, they will have to makeunpopular decisions and even make unscrupulous deals and from the products ofthis practice, the public in turn will cause an unparalleled uproar that wouldtear the fabric that holds a society together, if they knew the truth. Thereforethe truth cannot make you free, because the truth can do more harm than good. Next is the statement, man is condemned to be free. That is that man isfree to ruin the world. Everyone has the choice of doing something helpful orharmful in their everyday life. We are free to make others suffer and life a bitharder than it already is now. The freedom that runs rampant in society allowshate groups to form and march. It ties the hands of our officials and policemenfrom protecting us all in the name of freedom. We are condemning ourselves to aplace that allows almost anyone to get weapons and the most unscrupulous peopleinto our government because they were free to sling mud at their opponent. Therefore man is condemned by freedom because the fight for freedom is ongoingand the more we try to restrict harmful behavior, the more rules are establishedto get in the way of enforcement. First, it is unthinkable that man can be condemned to be free. Man hasmade great efforts to make the world better by spreading freedom. The freedomto choose what is right for you is the most fundamental freedom that exists. .u2af1140ccfc520c3a9d82553e45405b5 , .u2af1140ccfc520c3a9d82553e45405b5 .postImageUrl , .u2af1140ccfc520c3a9d82553e45405b5 .centered-text-area { min-height: 80px; position: relative; } .u2af1140ccfc520c3a9d82553e45405b5 , .u2af1140ccfc520c3a9d82553e45405b5:hover , .u2af1140ccfc520c3a9d82553e45405b5:visited , .u2af1140ccfc520c3a9d82553e45405b5:active { border:0!important; } .u2af1140ccfc520c3a9d82553e45405b5 .clearfix:after { content: ""; display: table; clear: both; } .u2af1140ccfc520c3a9d82553e45405b5 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u2af1140ccfc520c3a9d82553e45405b5:active , .u2af1140ccfc520c3a9d82553e45405b5:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u2af1140ccfc520c3a9d82553e45405b5 .centered-text-area { width: 100%; position: relative ; } .u2af1140ccfc520c3a9d82553e45405b5 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u2af1140ccfc520c3a9d82553e45405b5 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u2af1140ccfc520c3a9d82553e45405b5 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u2af1140ccfc520c3a9d82553e45405b5:hover .ctaButton { background-color: #34495E!important; } .u2af1140ccfc520c3a9d82553e45405b5 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u2af1140ccfc520c3a9d82553e45405b5 .u2af1140ccfc520c3a9d82553e45405b5-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u2af1140ccfc520c3a9d82553e45405b5:after { content: ""; display: block; clear: both; } READ: Punishment-Justice for the Unjust EssayRather than being weighed down by restriction of what you can and cannot do withyour life man has the freedom to decide on its own. It is because anyone canrun for office in government that we are free, life is not decided for us. Wehave the freedom to make a mistake and the freedom of whether we want to learnfrom it. This can only free a society, not condemn it. A world does not becomeruined by making those who enforce the law use a bit of human decency whendealing with those people whom have made bad decisions. Laws and regulations aremade to stop injustice, they should not be an excuse to infringe on anotherpersons life. Therefore the idea that man is condemned to free is ludicrous,man is privileged to be free to make the world what they want it to be good orbad. Next there is a statement of beauty is in the eye of the beholder. If youwere to ask a man what he considered to be beauty in a woman, perhaps he wouldsay it is the face, the body, or even the mind. However the quality of thesefeatures and even how they are judged depend on the particular taste of this man. Perhaps he enjoys the charms of a thin and fit woman of perfect shape or avariety of shape that exists in other women. He may prefer an intellectualperson or even one that is not so keen on conversation. The details are infinite,but regardless of what this man finds beautiful may not necessarily be the samefor every other man. Moreover, the opinion of this one man is simply the product of hiseducation, both formal and private by countless people that range anywhere fromparent to complete stranger. Therefore by this condition it is easy to see thatnot every man had his kind of education. However his view is his from what hehas learned, it does not mean that someone else with the same background willhave the same views, it simply means that these are his particular views that hehas formed based on that previous education. So beauty is truly in the eye ofthe beholder. Next, beauty is in the eye of the beholder, is simply not true. The manin question based his opinion of beauty on standards that have already been set. He most likely grew up seeing a particular kind of woman in advertisements,television shows, and countless other sources that depicted what is beauty. Human kind has been doing it for centuries, through artwork, literature, andfashion it has always been made clear what physical and mental attributes arecommonly desired in women. In particular if this man says that he likes womenwho are thin than this is because society has made great efforts to say thatobesity is not beauty. Health and beauty aids of a store supply products to makesomeone thinner not fatter. Also if he prefers blonde haired women it isbecause all the woman in the movies that were that were most desired had blondehaired. Therefore any quality that this man can think of as beauty is beauty toa great amount of men. So beauty exists in the woman that can meet societiesidea of what is beautiful. Lastly there is a statement, science is the only valid way of knowing. This is evident in the knowledge derived from scientific methods. When you usescientific methods, you eliminate all other variables and conduct tests that areobjective and specific. Science explains the mysteries of the world with soundtested theories that have not been conclusively proven wrong. When science findsprevious theories to be false, then it is false only because it has beenscientifically proven wrong. It is a practice that eliminates all doubts toarrive at a plausible solution to whatever problem is present. Therefore ifknowledge has been established by science then it is valid and should beaccepted until science proves otherwise. .u47fba6ca9a1f2c5ae516b2f9420b20e9 , .u47fba6ca9a1f2c5ae516b2f9420b20e9 .postImageUrl , .u47fba6ca9a1f2c5ae516b2f9420b20e9 .centered-text-area { min-height: 80px; position: relative; } .u47fba6ca9a1f2c5ae516b2f9420b20e9 , .u47fba6ca9a1f2c5ae516b2f9420b20e9:hover , .u47fba6ca9a1f2c5ae516b2f9420b20e9:visited , .u47fba6ca9a1f2c5ae516b2f9420b20e9:active { border:0!important; } .u47fba6ca9a1f2c5ae516b2f9420b20e9 .clearfix:after { content: ""; display: table; clear: both; } .u47fba6ca9a1f2c5ae516b2f9420b20e9 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u47fba6ca9a1f2c5ae516b2f9420b20e9:active , .u47fba6ca9a1f2c5ae516b2f9420b20e9:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u47fba6ca9a1f2c5ae516b2f9420b20e9 .centered-text-area { width: 100%; position: relative ; } .u47fba6ca9a1f2c5ae516b2f9420b20e9 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u47fba6ca9a1f2c5ae516b2f9420b20e9 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u47fba6ca9a1f2c5ae516b2f9420b20e9 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u47fba6ca9a1f2c5ae516b2f9420b20e9:hover .ctaButton { background-color: #34495E!important; } .u47fba6ca9a1f2c5ae516b2f9420b20e9 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u47fba6ca9a1f2c5ae516b2f9420b20e9 .u47fba6ca9a1f2c5ae516b2f9420b20e9-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u47fba6ca9a1f2c5ae516b2f9420b20e9:after { content: ""; display: block; clear: both; } READ: aids/hiv EssayNow, the statement that says, science is the only valid way of knowing,is false. Scientific method is based on estimated standards that are basicallyestimated guesses. It is mere luck alone that makes it possible for scientifictheories to be proven true, otherwise why would there still be so many mysteriesto life, science cannot explain everything. It can eliminate variables and findand test a solution, but many solutions that were found to be true turned out tolater be false. Luck and a lot of convincing made scientific fact finding soundreasonable. For every explanation that science gives, there is an equal andopposite reason why it may not be valid. Scienc e cannot be the only valid way ofknowing because the knowledge gained from science is not completely valid.

6 Tips for Focusing When Writing

6 Tips for Focusing When Writing 6 Tips for Focusing When Writing 6 Tips for Focusing When Writing By Guest Author Isn’t it ironic that I’m having a hard time focusing on this list of tips to help people focus? As I struggle to keep deadlines, I realize that my work environment is filled with distractions – whether it’s other people’s conversations filling my head or the flashing of my instant-messaging window telling me a co-worker has a question. If I’m going to make this deadline, then I need to buckle down. Here are six tips that I’ve learned help me focus on my writing. 1. Wear headphones. In a cubicle environment, conversations carry. It’s easy to lose your train of thought when your co-workers are yapping about last night’s â€Å"Bachelorette† episode. So slap on the headphones and hit Play on the â€Å"Inception† soundtrack or some classical – something you can get lost in. Try noise-canceling headphones to eliminate even more outside interference. 2. Turn off e-mail and IM. Normally, the first thing I do when I start working is open up my e-mail and my Instant Messaging client. It’s not long before friends and co-workers are hitting me up for conversation or questions. Since these forms of communication are so instant, people expect an immediate reply. Before long, an hour might go by. When you really need to crank out a project, turn on only Microsoft Word or whatever word-processing software you use – consider checking your e-mail as a reward for when you’re finished. 3. Close the door. Whether you work at home or in an office, shutting a door can be helpful – literally and figuratively. Keeping out distractions around you can also keep them out of your head. I’ve known work-from-home people who set up an area just for work – they don’t allow themselves to wander around or let their pets hang out. Sad, perhaps, but it’s easy to lose focus and concentrate instead on chores that need to be done or that puppy in your lap. A closed door means â€Å"do not disturb† – assuming people take the hint. 4. Work at your desk. Continuing along the lines of sticking to a formal work environment, I’ve found that working at my desk keeps me focused. I stare straight ahead at my screen and the wall behind it, attempting to maintain decent posture in my ergonomic chair. But if I take my laptop and retreat to the couch, all hope for meeting a deadline is lost. Now I’m comfy – I just might take a nap! The couch is in front of the TV – maybe I’ll just see what Oprah is up to! Oh, and if I take said laptop to a cafà ©? Way too much people-watching opportunity! Sitting at a desk establishes that I am working, and the sooner I finish, the sooner I can take my laptop to the couch and simultaneously surf and watch TMZ. 5. Work in chunks of time. One of the most helpful blog posts I’ve read recently is on WebWorkerDaily about working in â€Å"chunks.† Dawn Foster recommends breaking down your day into blocks of time dedicated to each task. That way you can keep track of where your time is going as you tackle each item on your to-do list. If you’re a person who works best under pressure, having deadlines sprinkled throughout your day should keep you focused. 6. Keep your cell phone out of sight. I think voicemail is one of the greatest modern inventions. I usually let phone calls go to voicemail so that I can listen to and process each person’s message before dealing with it. But a lot of people still jump on their phones the moment it rings, taking them away from their work. Even visual or vibrating notifications of incoming calls and text messages can be distracting. So keep your phone in another room or in your messenger bag and check it every once in a while. About the Author: Jennifer Moline writes about small business, graphic design, printing and freelancing for the PsPrint blog, as well as for other graphic design websites. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Freelance Writing category, check our popular posts, or choose a related post below:Math or Maths?List of Greek Words in the English LanguageList of 50 Compliments and Nice Things to Say!

Famous Quotes About Elvis Presley

Famous Quotes About Elvis Presley Nobody refrained from voicing his or her opinions about Elvis Presley. Some of them were harsh in judgment; while other put him on a higher pedestal. Whichever way you see, Elvis Presley was a strong influence that people could not choose to ignore. Here is a collection of quotes about Elvis Presley made by the movers and shakers of society. These quotes give you an insight into the enigma that was Elvis Presley. Frank Sinatra His kind of music is deplorable, a rancid smelling aphrodisiac. It fosters almost totally negative and destructive reactions in young people. Rod Stewart Elvis was the king. No doubt about it. People like myself, Mick Jagger and all the others only followed in his footsteps. Mick Jagger He was a unique artist†¦ an original in an area of imitators. Hal Wallis (Producer) A Presley picture is the only sure thing in Hollywood. John Landau There is something magical about watching a man who has lost himself find his way back home. He sang with the kind of power people no longer expect from rock n roll singers. Greil Marcus It was the finest music of his life. If ever there was music that bleeds, this was it. Jackie Wilson A lot of people have accused Elvis of stealing the black mans music, when in fact almost every black solo entertainer copied his stage mannerisms from Elvis. Bruce Springsteen There have been a lot of tough guys. There have been pretenders. And there have been contenders. But there is only one king. Bob Dylan When I first heard Elvis voice I just knew that I wasnt going to work for anybody; and nobody was going to be my boss. Hearing him for the first time was like busting out of jail. Leonard Bernstein Elvis is the greatest cultural force in the twentieth century. He introduced the beat to everything, music, language, clothes, its a whole new social revolution†¦ the 60s comes from it. Frank Sinatra There have been many accolades uttered about Elvis talent and performances through the years, all of which I agree with wholeheartedly. I shall miss him dearly as a friend. He was a warm, considerate and generous man. President Jimmy Carter, on Elvis Death Elvis Presleys death deprives our country of a part of itself. He was unique, irreplaceable. More than twenty years ago, he burst upon the scene with an impact that was unprecedented and will probably never be equaled. His music and his personality, fusing the styles of white country and black rhythm and blues, permanently changed the face of American popular culture. His following was immense. And he was a symbol to people the world over of the vitality, rebelliousness and good humor of this country. Al Green Elvis had an influence on everybody with his musical approach. He broke the ice for all of us. Huey Lewis A lot has been written and said about why he was so great, but I think the best way to appreciate his greatness is just to go back and play some of the old records. Time has a way of being very unkind to old records, but Elvis keep getting better and better. Time Magazine Without preamble, the threepiece band cuts loose. In the spotlight, the lanky singer flails furious rhythms on his guitar, every now and then breaking a string. In a pivoting stance, his hips swing sensuously from side to side and his entire body takes on a frantic quiver, as if he had swallowed a jackhammer. John Lennon Before Elvis, there was nothing. Johnny Carson If life was fair, Elvis would be alive and all the impersonators would be dead. Eddie Condon (Cosmopolitan) It isnt enough to say that Elvis is kind to his parents, sends money home, and is the same unspoiled kid he was before all the commotion began. That still isnt a free ticket to behave like a sex maniac in public. Ed Sullivan I wanted to say to Elvis Presley and the country that this is a real decent, fine boy. Howard Thompson As the lad himself might say, cut my legs off and call me Shorty! Elvis Presley can act. Acting is his assignment in this shrewdly upholstered showcase, and he does it. Carl Perkins This boy had everything. He had the looks, the moves, the manager, and the talent. And he didnt look like Mr. Ed like a lot of the rest of us did. In the way he looked, way he talked, way he acted†¦ he really was different.

International Human Resource Management Essay Example | Topics and Well Written Essays - 4000 words

International Human Resource Management - Essay Example The most striking feature of international human resource management is the incorporation of two key ideas in the department. On one hand coordination of human resource management policies in all the subsidiary branches is ensured to bring harmony in operations. On the other hand, there must be some element of flexibility in order to accommodate policy differences that arise from business and cultural variations (Sims, 2002). International human resource management is primarily similar to domestic human resource management, but modifications are made to ensure that international scope of operations is comprehensibly taken care of. According to Schuler et al as cited in Sims (2002), while domestic human resource management influences come from internal forces, international human resource management is influenced by more external sources. A greater level of risk element is involved in international human resource management than its counterpart. The management functions become numerous and more heterogeneous due to the constant changes in business perspectives at the international arena. An engineering service providing company which is mainly capital intensive in comparison to many other service industries has critical questions to address (Becker et al, 1997, p39). The human resource director at Mango, a British Engineering multinational company with headquarters in London, highlights the following preparations for the creation of new a plant in Perth, Australia. The general manger will conduct the job analysis for a general manager in order to come up with a job design specifying that the manager will be a UK national currently located in the UK. The reason for nationality criteria is to ensure that the manager has sufficient understanding of operations of the company. The business cultural setting of the company in the UK bears an important role in the job design

PhD research proposal (Risk of investment of sovereign wealth and

PhD (Risk of investment of sovereign wealth and strategies that can be used mitigate against the risks - Research Proposal Example Reports published by OECD reveal that government-driven mergers and acquisitions reached the peak (almost 20 percent of the total international value) level immediately before the financial crisis struck the Euro zone in 2009. In the subsequent year, this value declined sharply to half. The bulk of this international investment originated in few countries, China, the Middle East and North Africa (MENA) region and few other Asian economies. Recently, SWFs have gained serious attention from the governments of countries around the world on the issue of risk associated with the holding of such wealth and its investment. In this paper, the impact of such risk on the economy is studied and the ways to mitigate risks have been discussed. Background Sovereign wealth funds are funds that are controlled by the government of a country. The government of a nation used this fund to make investments in other economies. Governments make investments in other countries by acquiring the assets located in those countries (Keefe, Fournier and Torys, 2003). The developing nations have also been affected hard by the crisis. However, research shows that due to the fact that these countries are developing, growth rate of these countries are higher than the growth rate of the developed nations (Manganelli and Engle, 2001; Mehta et al., 2012). A gradual but steady shift in power is visible from the West to the Eastern countries. The West is traditionally the centre of economic and financial power and the developed countries of the United States of America and European countries, until now enjoy the maximum economic power and therefore hold the highest political position in the global economy. The ongoing shift in traditional position and power from the western developed countries to the emerging economies in the east, such as China, is associated with higher levels of investment of SWF (Waki, 2010; Saunders and Cornett, 2011). These investments are mostly made in the emerging market eco nomies. Different levels of risks are associated with the SWFs depending on the pattern of investment made with these funds. Economists and policymakers have made different recommendations and suggested divert ways to mitigate such risks (Seagal, 2013). After the Euro zone crisis took place in late 2009, the issue of risks associated with sovereign wealth has been receiving greater importance (Jost, 2009; Saunders, 2013). Through further research it has been identified that the emerging economies are at lower levels of growth but showing higher growth potential than the developed countries (Smith, 2003). Hence investment of SWF is migrating fast towards the emerging economies. Research objective The objective of this research paper is to analyse the risk of investment of sovereign wealth and strategies that can be used mitigate these risks. The researcher aims to check whether risks of investing sovereign wealth adversely affect the economic variables in a country,

Eddie Carbone Essay Example for Free

Eddie Carbone Essay Whats more, this would make Marcos purpose of the journey, to build a future, pointless. In addition, Eddie cruelly implies that Rodolfo is an inexperienced longshoreman. I seen greenhorns sometimes get in trouble that way. By saying this, Eddie aims to hurt Rodolfos feelings and perhaps make him feel like an unwanted boy. Soon afterwards, Eddie tries to explain how American girls are also strict and that Catherine shouldnt arrive home late at night, till he came here she was never out on the street twelve oclock at night. In affect, both Rodolfo and Marco try to understand Eddies point of view, as if he were a father to them. Eventually, Marco comes to a decision and tells Rodolfo to arrive back home earlier. But the audience knows that Eddie fails to express whats really on his mind. Essentially, Eddie understands that if Catherine is seen with Rodolfo by any of Eddies friends, Eddies reputation would be ruined and hell be the joke just like Rodolfo. It is this urge to protect Catherine, to keep her from discovering her independence which makes him increasingly sensitive to the presence of Beatrices cousins and to Rodolfo in particular, to whom Catherine rapidly becomes attracted. Later on in the scene, Catherine and Rodolfo begin to dance. When they come to an end, Eddie subconsciously twists the newspaper in his hands into a tight roll. The other characters are aware of what he is thinking, but they wait for his answer. Unsurprisingly, Eddie fails to clearly express his thoughts on Rodolfo; during his attempt to mock Rodolfos femininity and expose him as weak, he manages only to tell everybody that with Rodolfos abilities, he wouldnt be on the waterfront he would be someplace else like in a dress store. Here, Miller has explored Eddies prejudice against Rodolfo, who is different. Furthermore, Eddie uses repetition to reinforce his points, He can cook. He can sing. He can make dresses. Seeing that language proved unsuccessful for Eddie and even he cant understand what hes saying anymore, he tears the paper in two and decides to utilize physical action, a skill where he knows he can beat Rodolfo. Miller uses such gestures and stage directions as the tearing of the paper to dramatize the feelings of Eddie. Eddies obsession with Catherine is something he is not able to recognize or understand for himself. Instead he focuses his anger and frustration upon Rodolfo, who has a frivolous and light-hearted attitude to life. It is this that Catherine finds attractive and Eddie finds repulsive and unmanly. Eddie is also suspicious of Rodolfos interest in Catherine, believing that he seeks her hand in marriage in order to gain an American passport. While a degree of realism is appropriate in the design of the Carbone family home, the street itself should also be indicated. Accordingly, throughout the boxing match, the table lamp may well collapse, leaving the room gloomy and obscure. To compensate for the illumination, a red MOTEL light featuring outside the window could remain pulsing on and off. Nonetheless, the men will continue boxing, whilst Catherine switches the main light back on. I assume that merely a few seconds would allow the radiance to take full effect. The word motel indicates the cheap accommodation immigrants require in Brooklyn. In addition, while Catherine and Rodolfo dance, the main light could dim and the motel light could appear flashing on and off to the rhythm of the music. It may encourage the passionate mood set by the music. While the fight occurs on stage, I would recommend that Marco stay solitary in the corner. By separating Marco from the rest of the characters, who are supposedly in the centre of the stage, the audience recognizes his presence, without him having to do anything. Marco has cleverly kept quiet throughout the scene unless asked a question, as he may be embarrassed to display his weak language skills. But when Eddie cracks a punch at Rodolfo, Marco suddenly gets involved. Marco challenges Eddie by inviting him to raise a chair from its leg. Eddie has underestimated his opponent and his false sense of confidence about his own strength has led Marco to win the test of strength. Clearly Marco knows his adversarys well and is smart enough to avoid talking, but he prevails in a physical battle. You may think of the chair struggle as a battle for primate dominance, whereby both challengers are fighting to become Alpha male. Nonetheless, in both contests Eddies authority is undermined and in his own living room. In brief, I believe that Marco is in control of the situation, even though he stepped in half way through the scene. Eddie considers the challenge and presence of other men to be a threat to his authority. Eddies fear of losing his authority and masculinity serves as a prime motivating force, for him to assert his power. It is Eddies reluctance to compromise with the other characters and Catherines ever increasing appeal to Rodolfo that causes Eddie to fight for his control. Here, the vision Alfieri foresaw at the beginning of the play is in reaching distance. In the final scene, the act of betrayal of members of Eddies own family brings about the final bloody tragedy which Alfieri foresaw at his first interview with Eddie. Despite Alfieris efforts, Marco is intent upon revenge for his betrayal, while Eddie is determined to maintain his reputation and his honour. During the last scene of the play, Marco and Eddie come face to face in full view of the neighborhood. This theatrical scene holds the climax to the play and even though the audience is well aware of what is to happen, they are more curious as to how the other characters will react. In this scene Eddies reputation is at stake and he is prepared to stake his life on the line. By Catherine finding work and her growing attraction to Rodolfo, which leads to their planned marriage brings out an increasingly aggressive reaction in Eddie that starts to break the family apart. Eddie is trying to defend his own innocence so that, when his wife says, You cant have her, he is genuinely disgusted that she could think of him that way. He defends himself against the sexual allegation to the end. But if there is a sexual guilt operating here, it is combined with the social situation he is in. Basically, there is noting more horrifying to the general public than betrayal. It destroys the protection of their society. There is also the political side; because Miller was in the middle of the McCarthy period, the so-called Congressional investigation in America. When Eddie yells I want my name! he implies that he wants his reputation back from Marco. When Eddie handed Marco over to the authorities, Eddie squealed He killed my children. That one stole the food from my children. Eddie believes that Marco is to blame for tarnishing his reputation with this lie. On the other hand, Marco was partially correct for what he had said for the reason that, without Marco earning money for his children, they will be unable to purchase food and could ultimately die. In reality, Eddie cannot face the fact that the reason he lost his name was because he betrayed Rodolfos and Eddies trust; and treachery was considered the worst act in a Sicilian society. Marco refers to Eddie as Animal, which suggests that Eddie was a suck up` to the American law. Resembling an animal, Eddie did anything to get his just rewards. Likewise a dog would do anything when offered a bone. Finally, after realizing what he has done, Eddie is prepared to risk his life in order to save his reputation, his name. Eventually, Eddie dies in the arms of his wife, after Marco had killed him in self defence. In the closing speech by Alfeiri, he declares we settle for half, in which case he is referring to Eddies attitude towards the American and Sicilian law. Eddie has followed the American law, by reporting the illegal immigrants to the authorities. However, he has also pursued Sicilian concepts; such as the last moment, when he was prepared to die for his reputation. This shows that he is half American and half Sicilian. Alfieri recognizes that the death of Eddie Carbone should serve as a reminder to those who must carry on, and to the audience, that it is better to settle for half, it must be. Yet as Alfieri admits, this represents a compromise of peoples hopes, desires and sense of justice which he ultimately regards with alarm. The chorus, Alfieri, is the law. He has the ability to move in and out of the play. He knows the Sicilian way, but understands that the Sicilian way is something you outgrow when you come to America. I suspect that Eddie wants to be more like Alfieri than any other character. He wants to have a foot in both camps. He wants to be defined by his job. Miller implies that Eddie is a tragic hero, since the one virtue Eddie lacks is not being able to settle for half. Eddie cannot accept the presence of other men being something other than a threat to his authority. It was obvious from the beginning that Eddie would get into trouble if he continued what he was doing, but his obsession with not being able to settle for half brought about the event that Alfieri foresaw and which he was powerless to prevent, despite his best efforts. The play is a Greek tragedy because Eddie is led by fate towards a destiny he cannot escape. Through his death, the audience is involved, purged of their emotions by a tragic ending, leaving the theatre sadder but wiser. In conclusion, Eddie is Millers solution that he set himself about trying to write a Greek tragedy in Brooklyn. Shezad Chowdhury 10P Page 1 of 6 Show preview only The above preview is unformatted text This student written piece of work is one of many that can be found in our GCSE Arthur Miller section.

Character Brett Ashley in Ernest Hemingway’s The Sun Also Rises Essay

The Character Brett Ashley in Ernest Hemingway’s The Sun Also Rises There is a common perception among casual readers--who hasn't heard it voiced?--that Ernest Hemingway did not respect women. The purpose of this essay is to examine one work in such a way as to challenge these heinous assumptions. Hemingway's persona will be left alone. What will be examined is the role of women, as evidenced by Brett Ashley in The Sun Also Rises, and what, if anything, it reveals in the way of settling this account of Hemingway as misogynist. Brett Ashley enjoys a unique position of power in the novel--in today's vernacular, she "wears the pants" in all her relationships. The feminist perspective, no doubt, will find this true, but rapidly move to the conclusion that Brett Ashley's power over men is Hemingway's means of showing what a bitch she is. I'd like to suggest another possibility. Despite Brett's many faults, she is worth loving, and Jake Barnes does just that. Again, the feminist may say, yes he loves her, but as an idol, a doll, a figure admired from afar, as if eternally suspended on a pedestal. I consent that Jake is guilty of this habit, yet; he is always there for her, no matter the pain it inflicts on his self-worth. At the end of the book, when Jake thinks the coast is clear, and he's gathering himself at San Sabastian after much revelry in Pamplona, Brett sends a telegram: COULD YOU COME TO HOTEL MONTANA MADRID AM RATHER IN TROUBLE BRETT. (238) Brett has ditched her intended husband Michael, her lover Robert Cohn, and her number one supporter Jake Barnes, in order to do what? To satisfy herself with a nineteen year old hero of the bull ring. To assuage her fears of aging. For wasn't it pleasant dear, to be ... ...it, and respond accordingly. Hemingway's gift of these characters says to the reader, "Embrace life." That message comes from one who loves people, even when they insist on games and head-trips and violence. Jake is a hero because he grabs the bull by the horns (I know, I know). He could be a pitiful mess of a man, but he is not. He is chivalrous, smart, and well-adjusted. He hurts, and has second thoughts, but he is quick to joke about it. The characters in the novel that show signs of male chauvinism are whipped about by events, and are in no way intended to be admired. Hemingway was no sexist. On the contrary, his work championed the woman's cause, and in Brett Ashley he has given readers a heroine, hell-bent on liberation. Work Cited Hemingway, Ernest. The Sun Also Rises. New York: Charles Scribner's Sons, 1926. Reissued by Collier Books, 1986.

Mice and men tension Essay

How Does Steinbeck Create Tension in Chapter Three in Of Mice and Men Steinbeck creates tension by making the atmosphere before Curley’s dog gets shot very awkward. He does this by writing about how small noises draw everyone’s attention in the room to it: â€Å"He rippled the edge of the deck nervously, and the little snapping noise drew the eyes of all men in the room, so that he stopped doing it.† This quote gives a sense of tension, since tiny things like rippling cards can drew everyone’s attention. This makes it seem like a very quiet atmosphere. While everyone’s attention is drawn to the small sounds, Candy just stares at the ceiling and eventually rolls over. This makes the reader feel that all Candy can think about is his dog being shot, and this also brings a tense feel. Tension is also created by Steinbeck using the word ‘silence’ to describe the atmosphere of the room leading up to the dog being shot. The characters do not want the silence present, meaning the shot will be heard by Candy. This will increase the awkward atmosphere in the room because no one is quite sure as to how Candy can be comforted. Slim tries to break the silence in the room by telling Candy that he can have one of his puppies. Slim tells Candy that he â€Å"can have any of them pups he wants.† However, Candy refuses to acknowledge his offer, strengthening the already tense atmosphere in the bunkhouse. How Does Steinbeck Create Tension in Chapter Three in Of Mice and Men Steinbeck creates tension by making the atmosphere before Curley’s dog gets shot very awkward. He does this by writing about how small noises draw everyone’s attention in the room to it: â€Å"He rippled the edge of the deck nervously, and the little snapping noise drew the e yes of all men in the room, so that he stopped doing it.† This quote gives a sense of tension, since tiny things like rippling cards can drew everyone’s attention. This makes it seem like a very quiet atmosphere. While everyone’s attention is drawn to the small sounds, Candy just stares at the ceiling and eventually rolls over. This makes the reader feel that all Candy can think about is his dog being shot, and this also brings a tense feel. Tension is also created by Steinbeck using the word ‘silence’ to describe the atmosphere of the room leading up to the dog being shot. The characters do not want the silence present, meaning the shot will be heard by Candy. This will increase the awkward atmosphere in the room because no one is quite sure as to how Candy can be comforted. Slim tries to break the silence in the room by telling Candy that  he can have one of his puppies. Slim tells Candy that he â€Å"can have any of them pups he wants.† However, Candy refuses to acknowledge his offer, strengthening the already tense atmosphere in the bunkhouse. How Does Steinbeck Create Tension in Chapter Three in Of Mice and Men Steinbeck creates tension by making the atmosphere before Curley’s dog gets shot very awkward. He does this by writing about how small noises draw everyone’s attention in the room to it: â€Å"He rippled the edge of the deck nervously, and the little snapping noise drew the eyes of all men in the room, so that he stopped doing it.† This quote gives a sense of tension, since tiny things like rippling cards can drew everyone’s attention. This makes it seem like a very quiet atmosphere. While everyone’s attention is drawn to the small sounds, Candy just stares at the ceiling and eventually rolls over. This makes the reader feel that all Candy can think about is his dog being shot, and this also brings a tense feel. Tension is also created by Steinbeck using the word ‘silence’ to describe the atmosphere of the room leading up to the dog being shot. The characters do not w ant the silence present, meaning the shot will be heard by Candy. This will increase the awkward atmosphere in the room because no one is quite sure as to how Candy can be comforted. Slim tries to break the silence in the room by telling Candy that he can have one of his puppies. Slim tells Candy that he â€Å"can have any of them pups he wants.† However, Candy refuses to acknowledge his offer, strengthening the already tense atmosphere in the bunkhouse. How Does Steinbeck Create Tension in Chapter Three in Of Mice and Men Steinbeck creates tension by making the atmosphere before Curley’s dog gets shot very awkward. He does this by writing about how small noises draw everyone’s attention in the room to it: â€Å"He rippled the edge of the deck nervously, and the little snapping noise drew the eyes of all men in the room, so that he stopped doing it.† This quote gives a sense of tension, since tiny things like rippling cards can drew everyone’s attention. This makes it seem like a very quiet atmosphere. While every one’s attention is drawn to the small sounds, Candy just stares at the ceiling and eventually rolls over. This makes the reader feel that all Candy can think about is his dog being shot, and this also brings a tense feel. Tension is also created by Steinbeck using the word ‘silence’ to describe the atmosphere of the room leading up to the dog being shot. The characters do not want the silence present,  meaning the shot will be heard by Candy. This will increase the awkward atmosphere in the room because no one is quite sure as to how Candy can be comforted. Slim tries to break the silence in the room by telling Candy that he can have one of his puppies. Slim tells Candy that he â€Å"can have any of them pups he wants.† However, Candy refuses to acknowledge his offer, strengthening the already tense atmosphere in the bunkhouse. How Does Steinbeck Create Tension in Chapter Three in Of Mice and Men Steinbeck creates tension by making the atmosphere before Curley’s dog gets shot very awkward. He does this by writing about how small noises draw everyone’s attention in the room to it: â€Å"He rippled the edge of the deck nervously, and the little snapping noise drew the eyes of all men in the room, so that he stopped doing it.† This quote gives a sense of tension, since tiny things like rippling cards can drew everyone’s attention. This makes it seem like a very quiet atmosphere. While everyone’s attention is drawn to the small sounds, Candy just stares at the ceiling and eventually rolls over. This makes the reader feel that all Candy can think about is his dog being shot, and this also brings a tense feel. Tension is also created by Steinbeck using the word ‘silence’ to describe the atmosphere of the room leading up to the dog being shot. The characters do not w ant the silence present, meaning the shot will be heard by Candy. This will increase the awkward atmosphere in the room because no one is quite sure as to how Candy can be comforted. Slim tries to break the silence in the room by telling Candy that he can have one of his puppies. Slim tells Candy that he â€Å"can have any of them pups he wants.† However, Candy refuses to acknowledge his offer, strengthening the already tense atmosphere in the bunkhouse. How Does Steinbeck Create Tension in Chapter Three in Of Mice and Men Steinbeck creates tension by making the atmosphere before Curley’s dog gets shot very awkward. He does this by writing about how small noises draw everyone’s attention in the room to it: â€Å"He rippled the edge of the deck nervously, and the little snapping noise drew the eyes of all men in the room, so that he stopped doing it.† This quote gives a sense of tension, since tiny things like rippling cards can drew everyone’s attention. This makes it seem like a very quiet atmosphere. While everyone’s attention is drawn to the small sounds, Candy just stares at the ceiling and eventually rolls over. This makes the reader feel that all Candy can think about is his dog being shot,  and this also brings a tense feel. Tension is also created by Steinbeck using the word ‘silence’ to describe the atmosphere of the room leading up to the dog being shot. The characters do not want the silence present, meaning the shot will be heard by Candy. This will increase the awkward atmosphere in the room because no one is quite sure as to how Candy can be comforted. Slim tries to break the silence in the room by telling Candy that he can have one of his puppies. Slim tells Candy that he â€Å"can have any of them pups he wants.† However, Candy refuses to acknowledge his offer, strengthening the already tense atmosphere in the bunkhouse. How Does Steinbeck Create Tension in Chapter Three in Of Mice and Men Steinbeck creates tension by making the atmosphere before Curley’s dog gets shot very awkward. He does this by writing about how small noises draw everyone’s attention in the room to it: â€Å"He rippled the edge of the deck nervously, and the little snapping noise drew the eyes of all men in the room, so that he stopped doing it.† This quote gives a sense of tension, since tiny things like rippling cards can drew everyone’s attention. This makes it seem like a very quiet atmosphere. While everyone’s attention is drawn to the small sounds, Candy just stares at the ceiling and eventually rolls over. This makes the reader feel that all Candy can think about is his dog being shot, and this also brings a tense feel. Tension is also created by Steinbeck using the word ‘silence’ to describe the atmosphere of the room leading up to the dog being shot. The characters do not w ant the silence present, meaning the shot will be heard by Candy. This will increase the awkward atmosphere in the room because no one is quite sure as to how Candy can be comforted. Slim tries to break the silence in the room by telling Candy that he can have one of his puppies. Slim tells Candy that he â€Å"can have any of them pups he wants.† However, Candy refuses to acknowledge his offer, strengthening the already tense atmosphere in the bunkhouse. How Does Steinbeck Create Tension in Chapter Three in Of Mice and Men Steinbeck creates tension by making the atmosphere before Curley’s dog gets shot very awkward. He does this by writing about how small noises draw everyone’s attention in the room to it: â€Å"He rippled the edge of the deck nervously, and the little snapping noise drew the eyes of all men in the room, so that he stopped doing it.† This quote gives a sense of tension, since tiny things like rippling cards can drew everyone’s attention. This makes it seem like a  very quiet atmosphere. While everyone’s attention is drawn to the small sounds, Candy just stares at the ceiling and eventually rolls over. This makes the reader feel that all Candy can think about is his dog being shot, and this also brings a tense feel. Tension is also created by Steinbeck using the word ‘silence’ to describe the atmosphere of the room leading up to the dog being shot. The characters do not want the silence present, meaning the shot will be heard by Candy. This will increase the awkward atmosphere in the room because no one is quite sure as to how Candy can be comforted. Slim tries to break the silence in the room by telling Candy that he can have one of his puppies. Slim tells Candy that he â€Å"can have any of them pups he wants.† However, Candy refuses to acknowledge his offer, strengthening the already tense atmosphere in the bunkhouse.

Introduction to Entrepreneurial Finance

Entrepreneurial Finance Philippe Gregoire Louvain School of Management – Universite catholique de Louvain Reference book : Entrepreneurial finance, a casebook. Paul A. Gompers and William A. Sahlman. John Wiley & Sons, Inc. 2002 1 Entrepreneurial finance Project assessment (POCD) Funding (amount, firm’s value, best partner) Deal (ownership / control / incentives) Exit (IPO) Project Assessment †¢ 4 critical success factors for entrepreneurial ventures ? ? ? ? People Opportunity Deal Context 3 People I’d rather back a ‘A’ team with a ‘B’ idea than a ‘B’ team with an ‘A’ idea †¢ Who are the key players What is their experience †¢ How does this experience prepare or not prepare them for the opportunity that exists †¢ What are strengths and weakness of the people involved on all sides of the transaction †¢ Are there key individuals that the company should add or replace 4 Opportunity †¢ New product / service ? Smartphone, †¢ New method of delivery ? Amazon. com †¢ New production technique ? Ernest Solvay patent (1861) to manufacture soda ash (enter in detergent, glass, †¦) †¢ Is there a sustainable competitive advantage †¢ Must the opportunity be exploited immediately †¢ Are there intermediate milestones 5Deal †¢ Spending money is not enough. Incentives and contingencies are important considerations. ? Key to all these structural features is the concept of the entrepreneur earning his/her equity through value creation. †¢ Moral hazard and adverse selection ? Entrepreneur bear the downside risk †¢ Choice of appropriate investors ? for whom you raise capital is often more important than the terms †¢ Selection of the proper financial instrument ? ? ? Debt Equities Convertibles / preferred convertibles 6 Securities held by Venture Capitalists †¢ (Source: Kaplan-Stromberg, 2003) Context †¢ Competition †¢ R egulation †¢ International environment †¢ Economic conditions 8 Introduction to entrepreneurial finance †¢ Finance ? Study of value and resources allocation (capital budgeting) †¢ †¢ †¢ Value of cash stream = f(magnitude, timing, riskiness) Economic value = Expected return = PV ? ? T t ? 1 E? Rt ? ? rf ? Risk premium CFt ? 1 ? E ? Rt t ? Cost of capital †¢ Capital rationing †¢ Entrepreneurship ? Focus on opportunities rather than controlling existing resources †¢ Entrepreneurial finance ? ? Financial management within entrepreneurial firmsStudy on both sides of the balanced sheet 9 The Balance Sheet of a Corporation Assets = use of funds Current (Short-term) assets Cash Accounts receivable Inventories Others (various claims) Fixed (long-term) assets Land Buildings Machineries & Equipment Liabilities = sources of funds (Capital structure) Current (Short-term) Liabilities Accounts payable Short-term debt †¦ Long-term Liabilities: Equi ty: Provided by shareholders (= owners of the company) Long-term Debt: Provided by creditors such as banks 10 Others Accounting Income versus Cash Flow †¢ Cash income ? ccounting income †¢ Whereas accountants try to match revenues with expenses, managers and investors focus on the difference between cash inflow and cash outflow. †¢ Cash flow = the amount of cash income (= inflow – outflow of cash) that is generated in any period †¢ Formally, 11 The Cash Cycle of a Firm †¢ Cash cycle: average time between when a firm pays for its inventory and when it receives cash from the sale of its product 12 Sources of Entrepreneurial Finance Bootstrapping Stock markets (IPO) 3Fs Leasing Governmental organizations 13 Section 1. Investment analysis Module 1. A : Source of value ? ? Introduction to entrepreneurial finance Case study †¢ Module 1. B : Financial statements and pro forma models ? Case study †¢ Module 1. C : Purchasing firms, buyouts, and valua tion ? ? Valuation in entrepreneurial finance Case study †¢ Additional (Optional) Reading and References: Smith/Smith: Entrepreneurial Finance, Wiley Edition. Sahlman/Stevenson/Roberts/Bhide: The Entrepreneurial Venture, HBS Press. 14 Section 2. Financing the entrepreneurial firm †¢ Module 2. A : Venture capital ? ? Private equity Case study †¢ Module 2.B : Angel financing ? Case study 15 Section 3. Harvesting †¢ Module 3. A : Initial Public Offerings ? ? IPO process Case study †¢ Module 3. B : Acquisitions ? Case study 16 Module 1A. Sources of value †¢ 4 stages of entrepreneurship ? ? ? ? Identifying opportunities Acquiring the financial, professional, and productive resources Implementing a plan of actions Harvesting the rewards †¢ 4 critical success factors for entrepreneurial ventures ? ? ? ? People Opportunity Deal Context 17 The Knot – People – Opportunity – Valuation – Deal structuring – Source of capital 1 8 Business Case Success as one of the early AOL Greenhouse companies – 3-book deal with Bantam Doubleday – Strong interest from advertisers – Significant traffic at its website 2 issues – Out of cash within 3 months – Race for scale economies on the internet To build the country ‘s number-one wedding resource, Liu needs 10 millions 19 People (Core founding team) †¢ †¢ All media people with experience in software, video, etc. Good understanding of design and presentation †¢ Lack of operational expertise, retail experience, and marketing 20 Opportunity †¢ †¢ †¢ Stable number of weddingRecessions have very little impact Event tied to significant expenditures ? ? Wedding party Guests †¢ †¢ †¢ †¢ Size of the market (35 billion) High advertising rate Stagnant competition, lethargic and not very innovative Couples planning to get married ? ? ? have relatively high income Are fairly young plan major l ife purchases ? are not very price sensitive 21 Opportunity ? Cash Flow Transformed the opportunity into cash flow = Business model = set of factors that together determine the cash flows a company can generate and create value The Knot : registry / advertising / merchandise / publishing and others 2 22 The Knot – People – Opportunity – Valuation – Deal structuring – Source of capital 23 Valuation †¢ Cash flow is the source of value †¢ To date, the Knot has posted losses and is expected to post losses for at least 2 more years †¢ It is difficult to use earnings to estimate the probability of generating future cash flows. †¢ Revenues and mix of revenues appear to be a better measure †¢ Multiple of revenues method. Compare to firms on the basis of ? ? ? ? Stage of development Business model Target market size Size of the investment round 24 List of comparable transactions 25Discount cash flow analysis Most forecasts are widel y optimistic. Discounted cash flow valuations only work when one gets an estimate of the expected CF 26 Actual income statement 27 Split of Revenues 28 Forecasted statement of cash flows 29 Actual statement of cash flows In Millions of USD (except for per share items) Net Income/Starting Line Depreciation/Depletion Amortization Deferred Taxes Non-Cash Items Changes in Working Capital Cash from Operating Activities 2011 5. 99 3. 74 0. 96 2. 78 11. 89 -1. 31 24. 05 2010 3. 65 3. 43 1. 78 2. 3 8 -8. 11 11. 06 2009 -4. 87 4. 75 5. 09 -1. 6 13. 83 -4. 92 12. 33 2008 4. 13 4. 84 3. 98 0. 56 6. 16 0. 2 19. 87 30 The Knot – People – Opportunity – Valuation – Deal structuring – Source of capital 31 Initial deal †¢ Initial investment : strategic partner ? Expect from AOL money, exposure and distribution  « more than just dollars to the deal  » AOL invested 1. 85 million in return for 45%, for royalties amounting to 20% of ad revenues on The Knotâ₠¬â„¢s AOL site and a lesser % of ad revenues on The Knot’s internet site. ? †¢ The deal with AOL provided instant reach and credibility to The Knot †¢ Is the deal expensive for The Knot? 32Ownership after AOL deal 33 Financing the Knot (new deal) 34 Convertible preferred †¢ Preferred has higher priority than common stock ? In the event of a firm’s sale or liquidation, holders of preferred stock get paid before common stockholders do. Entrepreneurs have greater incentive because if things don’t go well, the investor will be paid first Downside risk is borne by the entrepreneur ? ? †¢ Tax considerations ? Entrepreneurs pay taxes on the value of common stock that they have received. ? Investing in preferred stock does not change the price of common stocks. 35 Financing the Knot Why should they invest? To develop The Knot brand, to build out the technological infrastructure, to develop the gift registry business ? Practically, The Knot needs capi tal to fund the payroll and pay for day-to-day operating expenses †¢ How much money? Forecasted statement of cash flow †¢ Who should invest in The Knot? Business Angel, Venture Capitalist, Strategic Partner †¢ How should they value The Knot? Comparable deals on the market, multiple of revenues 36 Investor’s profile †¢ Angels + Higher valuation + – Someone with an experience in the registry business Limited capital ? ay not be able to provide capital in the future if needed Less helpful in recruiting others to the team †¢ Venture Capitalist + + – Large pools of capital and make multiple rounds of investment Network of contacts in the management and financial community Lower valuation †¢ Strategic partner + + – Experience in the business (retailer, wedding registries,†¦) Provide distribution and name recognition Conflicts of interest 37 What happened? May 1998, Venture Capitalist invested $3m for 22% ? $10. 6m pre-money va luation (3/(10. 6+3)=22%) April 1999, Venture Capitalist invested $15m December 1999, IPO 38

Marx on Class. essays

Marx on Class. essays The propertied class and the class of the proletariat present the same human self-alienation. But the former class finds in this self alienation its confirmation and its good, its own power...the class of the proletariat feels annihilated in its self alienation, it sees in its own powerlessness... This extract is taken from Karl Marx, The Holy Family (1845). It was written at a time of upheaval in Karl Marxs life. Just after he was editor of the Rheinische Zeitung at Cologne in 1842. He worked there until his extreme radical views led to the suppression of the paper, and Marx went to Paris, where he met Engels and collaborated with him in works of political philosophy. Engels was a (German philosopher) the son of a factory owner who, went on to supervised his father's business in Manchester and wrote influential essays on the social and political conditions in Britain in the 1840s, including The Condition of the Working Class in England (1845), that influenced Marxs work on class at the time. Other influences at the time would have been Feuerbach on whom he wrote a thesis on in 1845. Feuerbach had a materialistic out look on history. He held to the philosophical theory that only physical matter is real and that all phenomena and processes can be explained by reference to it. Related to this is the doctrine that political and social change is triggered by change in the material and economic basis of society. Also Hegel, Marx also based his theory of dialectical materialism on Hegel's work such as The Phenomenology of Mind (1807), which describes the progression of the human mind from consciousness through self-consciousness, reason, spirit, and rel igion to absolute knowledge although he later then rejected aspects of the philosophy claiming it was to abstract. In the gobbet statement Marx is saying that the property owner class (the aristocracy, the upper class) and the class of the masses (the working cl...

Electric Cars and Electrical Engineers

Electric Cars and Electrical Engineers Electric Cars and Electrical Engineers Electric Cars and Electrical Engineers By Maeve Maddox Jeffrey asks: What is the proper use of the words electric and electrical? I am an engineer and do not know when to use one form or the other.   We say electric car but also say electrical wiring.   If I have a new device: is it an electric device or an electrical device?   Is the equipment in the electric room or the electrical room? Is there a proper distinction or at least a rule of thumb? Merriam-Webster lists electrical as a variant of electric, but the Institute of Electrical and Electronics Engineers (IEEE) makes this useful distinction: electric: containing, producing, arising from, actuated by or carrying electricity. electrical: relating to, pertaining to, or associated with electricity but not having its properties. With this distinction in mind we would speak of an electrical engineer, but an electric typewriter. Etymological note: Essayist Sir Thomas Browne (1605-1682) was the first to use the word electric in English. A Latin version, electricus, was coined by English physicist William Gilbert (1540-1603). He took the word from Latin electrum, â€Å"amber.† The Greek word for amber was elektron. Electricity was first generated by rubbing amber. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Vocabulary category, check our popular posts, or choose a related post below:Types of RhymeIn Search of a 4-Dot EllipsisCharles's Pen and Jesus' Name

Using ACE to Improve Communication Results Case Study

Using ACE to Improve Communication Results - Case Study Example I would also issues a direct answer to Q2 and inform the employees that, attending the workshop is very essentials because the management plans to revise the working procedures and those that fail to adhere to the new working conditions might be laid off. The internal website is reliable and covers a wider audience as opposed to using the Memo. The information communication will reach to the employees present and those that are absent. In addition, the information provided is detailed and the employee’s questions and objections are responded to before even they ask them. In essence, the information provided is clear and can be reviewed from time to time, as opposed to using the Memos which are issued once. Even though, most companies may prefer using company’s internal website in communication, it is not a reliable communication channel. Some employees may not get a chance to visit the website. Together with that, those that are not within the company and do not have an access to the internet may not get the information. In addition, in case the websites breaks down, the communication also breaks down and it becomes difficult to reach out to everyone. It is an efficient way of communicating to each employee since the management is aware that every person is aware of the meeting held. The employees prepare in advance and lack an excuse of failing to attend. It is a clear indication that the meeting is vital and intendance is least expected. It is ineffective and one is not quite certain to reach out to all the employees. There is likelihood that the absent employees may not get the information. It is expensive considering that memos are to be printed and issued to all the employees. In connection to that, it is tiresome to address a memo to each and every employee within the company. The information sent via the email is detailed and responds to the possible questions and objections that the employees might have. Also, employees have a chance of asking