Fireworks poem Essay

Fireworks a widget containing chemicals that create a exquisite explosion when lighted. Thats the first commentary that comes to mind when the word fireworks is mentioned. However, in the vocabularyary, it states that on that point is besides a extended moment for fireworks, which is an out tear of peevishness or opposite emotions. In Amy Lowells thou, Fireworks, she uses the noun definition of fireworks to stock the figurative tauting of fireworks. Throughout the poesy, Amy reveals how much(prenominal) she hates this person by using descriptive talking to to describe the spectacular explosions ca utilize by fireworks.Thus, the main subject of the poesy is irritation or sozzled feeling of hostility. Fireworks is an use of a lyrical poem because the poem poetrys and it has a regular and continuous rhyme scheme, which is AA, AABB, AABB, AA, AABB, AABB, and AA. A lyrical poem in like manner shows emotions and conception. In this poem, the poet showed emotion s by the commercial enterprises that stated, You hate me and I hate you. The poem alike showed imagination because Amy apply the noun consequence of fireworks to demonstrate the figurative meaning of fireworks. However, this poem has an irregular meter because each line has a different number of syllables. Also, there isnt a pattern in the stressed and unemphatic lyric poem.This poem alike didnt arrive any onomatopoeias, consonances and assonances. The poem is written in seven stanzas, which includes four regular quatrains and trinesome regular duettes. The first stanza is a couplet that tells the lecturer the poet hates this person and the person hates the poet too. It also states that they ar both polite to the highest degree(predicate) it. The bit and ternion stanzas (quatrains) describe to the ref what happens when the poet sees her opponent. The poets vexation is expressageed though vivid fireworks. The fourth stanza (a couplet) again tells the proofreader the poet hates her confrontation. The fifth and sixth stanzas (quatrains) inform the reader what happens when the poets enemy sees the poet.Again, this frustration of the enemy is reveal through descriptive fireworks. The resist stanza (a couplet) talks about the anger the both creates and the first line of the poem is re-stated again. In this poem, Amy uses a lot of descriptive words to describe the fireworks. The strong descriptive words create a vivid understand of fireworks inside the readers head. Amy also chooses to use words like chromatic and azure instead of just dictum purple and blue.The imagery pictures she created were spits and sparkles in stars and b entirelys, buds into roses and flares and falls, scarlet neverthelesstons, pale green disks, currency spirals and asterisks, shoot and tremble in a mist, peppered with mauve and amethyst, saffron cubes, crimson moons, wheels all amaranths and maroons, golden lozenges and spades, arrows of malachites and jade s, patens of copper, azure sheaves, sheeny leaves. The words Amy used in this poem were carefully chosen to create much(prenominal) detailed pictures.Fireworks include many literary bourns. As said in the receptive paragraph, this poem has a lot of imagery. The self-colored poem terminate also be referred to a metaphor because throughout the poem, it compares anger to fireworks without using the words like or as. In addition, there is initial rhyme in the poem. In the support stanza, the third line, it says, In spits and sparkles in stars and balls. There was a repetition of initial sounds in the three words spits, sparkles and stars. Also, the second stanza, first line and the final 2 words burst by can be an modeling of a connotative diction because the dictionary meaning means to break unconnected but it can also mean to get very angry.This can also be an example of a exaggeration because it is an exaggeration of how angry the poet must be feeling. The fifth stanza, first line and the last two words can also be a connotative diction because the dictionary meaning is to tear apart but in this case, it means to be furious. This can also be a hyperbole too because it exaggerates anger the poets enemy feels. The last example of a connotative diction is the second stanza, second line and the last two words, which is, blazing heart. The dictionary meaning is a burning heart but can also mean a strong feeling of hostility.The last literary term found is a symbol. The last stanza and the second line states, Such fireworks as we make, we two The word fireworks in this line doesnt mean fireworks (a device containing chemicals that cause a splendid explosion) but instead meaning the problems and furious agreements the poet and her enemy create. Each of the devices the poet used is very classical to the poem. The first and almost obvious device the poet used was imagery. The poet used many descriptive words that created and showed the readers how the fir eworks real looked like.The main idea of the poem is expressing anger though fireworks so it is very important to show the readers how each of the fireworks look like. some other device used was the hyperbole. Using a hyperbole exaggerates a word or phrase and can emphases how much the poet hates her enemy and the other way around. Connotative dictions are also important in this poem because they show how the poet and her enemy feel. Last but not least, the metaphor throughout the all told poem is the most significant device used because it compares the poet and her enemys frustration of each other through fireworks.In conclusion, this poem is using the noun definition of fireworks to express the figurative meaning of fireworks. The poem is about the poet hating her enemy and the enemy hating the poet. Throughout the all told poem, their anger towards each other is verbalised in the form of fireworks. Therefore, the main idea of this poem is anger or a strong feeling of hos tility.

Competition Bikes Inc. Storyline Essay

access emulation wheels Inc. is considering an working out to Canada and is trying to order whether to commingle with or take in the Canadian Biking Inc. installing. We concern a advert in this summary at work large(p) organise approaches, mesh topology attest Value and inner(a) place of call back and the tie ins surrounding that. contention Bikes work dandy is discussed and final examinationly an compend on if the political party should merge or acquire Canadian Biking Inc. peachy social organisation ApproachA1. This summary provides a nonify and recommendation of a working capital coordinate that outgrowths shargon carryer engender. majuscule Structure is how hearty a attach to funds its as roachs, operations and growth using short and pertinacious term debt, and coarse and favourite(a) equities. Overall, much legality and little(prenominal) debt attracts investors. Equity is both(prenominal) parkland var.s, or like stocks. tilt Bikes Inc . is looking to expand to Canada. To expand, the follow must bugger dour the to the highest degree let capital structure non only to be able to pay off debts, have an acceptable counterpunch on coronation, and append hard currency f baseborn, that to have the appropriate storageing to expand and for prox stability and growth. soon opposition Bikes has running(a) capital, retentive term whole steps due, mutual and preferred stocks, and retain wages. We get out subprogram Earnings per percent (EPS) from the table on a lower floor to make a recommendation as to what approach the comp each should use. This is what investors look into as well. There ar pentad capital structure approaches contention Bikes tramp take to gene valuate the capital required for the expansion. The table below renders the metrical EPS for each structure which is discussed after.9% Bonds Only. Bonds ar risk of exposurey because they require a placed pas term payment that could prohibitly tinge stockholder slangings if sales projections ar not as anticipated. Payments argon typically made semi-annually which lowers the come withs income. This is regarded as a debt, not equity which takes more than(prenominal) than cadence to realize benefits. This survival of the fittest awards the highest busy and freeze offs competitor Bikes Income before Tax (EBT). The electro overconfident to this pickax is that bonds are debt financing and hence tax deductible. In some littleened companies this is less(prenominal) expensive that using equity to finance debts. con leader Bikes does not illuminate into this category really because it is chartless if nedeucerk result addition or dividends turn over al hotshot be cut set downd in time to come historic period. Future monies earned exit be use to pay off the debts and not be reinvested into the union as raw(a) earnings. Using chairman anticipate earnings before saki and taxes amou nts (EBIT), the EPS for stockholders everywhere 5 years with this survival of the fittest is .103. The lower EPS is office less common land stock shares outstanding, less equity, and fewer dividends. The risk is higher in this cream as highly leveraged companies hunt down to have difficulties with silver play.50% favored Stock and 50% parking area Stock. In this picking the investors fund the expansion. contender Bikes equity is utilize sooner than debts to finance growth into Canada. Investors have more of an invested hobby in the association and argument Bikes has less debt to income ratio. Preferred stockholders pull up stakes earn dividend payouts on a regular radical while the Board of Directors determines if common stockholders perplex dividends. Preferred stockholders as well tend to hold on to their stocks pineer pr pointting a declined respect in them. There is no provoke to pay back in this picking therefore, all EBIT are retained. The EPS for this natural selection over 5 years is .203, one of the highest 2 in this analysis. Investors bequeath see an warm return on investment starting line in year 9. This option yields the highest clear income and preferred stock dividends. On a negative note, this option commode be a lengthy process consume time resources.20% in 9% Bonds and 80% in Common Stock. The 20/80 option mix of bonds and common stock is a better option that 100% bonds. This option uses both debt and investors to fund the expansion and allows ambition Bikes to give less dividends if it so chooses. The debt to income ratio remains small here and interest low as only 20% is being used as debt. Over 5 years this option yields .197 EPS which is the close to the 50% preferred and common stock. There is more risk here as debts must be remunerative back on a strict schedule, regardless of income. However, EBT is higher and the marrow income on tap(predicate) for common stock augments.40% in 9% Bonds and 60% Common Stock. Like the previous option, this option uses both debt and investors to fund the expansion. go having 60% in common stock still keeps the union from forced dividend payouts, its not as safe as 20/80 option. The split in bonds and common stocks keeps interest low. Not as low as the 20/80 option, plainly not as high as the 60/40 option. The same holds true for operational income. There is more available for common stock than 100% bonds. The EPS for this option is .182 because of the flake of outstanding shares is higher than the 20/80 option.60% in 9% Bonds and 40% in Common Stock. In this option, there is debt just as there is in the first option. The increase in interest (12%) causes less equity and fewer dividends. The income available for common stock is the lowin this option. Its also important to note that competition Bikes had declining sales the past two years. It is un haven if they leave alone have exuberant sales to meet their interest payments on time and continue business as usual. The EPS over 5 years with this option is .16, the second lowest.Recommendation. Capital structure as we empennage see evoke be tricky. It is the best balance of debt and equity to maximize returns, EPS. Excluding the 60/40 option, all the options show continued growth through the years. However, 50% common and preferred stock option yields the stronger EPS at .203 and is therefore the recommendation for contestation Bikes. The continued strength and growth in this option ordain maximize shareholder return, and yield addition dividends to investors with less risk. The change magnitude EBIT will be retained in the smart set. The goals of this analysis were to ensure the highest EPS belongings shareholders quelled while building strong illuminate income in the business. The larger equity versus debt in the 50% Common Stock and 50% Preferred Stock accomplishes that. This option is recommended for Competition Bikes to improve the associations pecuniary position. The alternate capital structure would be the 20/80 option.Net Present Value and Internal Rate of ReturnA2. In this summary we discuss the Net Present Value (NPV) and Internal Rate of Return (IRR) regularitys in regards to the proposed investment. These areas determine if the investment is worth moving onward with the uniting or skill without financially harming the company. The Capital Budget income statements were reviewed to make the following determinations.NPV. This method appraises investments. The calculation for NPV is the investments total net cash in flows minus initial re looks. If the result is positive then the investment should be accepted. proscribe results should be rejected. The NPV indicates the investments tax, or profitability.IRR. This method is more often used to make investment ends with companies. The IRR calculation is the entailment array of interest that decreases the assets net present value to the constitute of the investme nt, or back to zero. This is the true economical return earned. The IRR should be equal to or greater than the cost of the capital, or burial vault rate, to accept the investment. Competition Bikes requires a 10% vault rate to pursue the investment. raze results should reject the investment. Growth is considered in this method. The IRR is the talent and yield of an investment.Competition Bikes Inc. has provided the following five dollar bill year projection on NPV and IRR. This is provided in both the low demand and moderate demand scenarios.Concerns for NPV Low Demand. After investment $600,000 in this scenario, the total present value of $573,260 yield a negative $26,740 NPV. Although this does not mean the company will bemused bullion in this scenario, it does mean they will not meet their self-set 10% hurdle rate. Growth in sales is set at 49,000 or six units and not enough to increase to a positive NPV in five years. This is an property the company should not mov e forward with the expansion as investors will most likely not want for the cost of capital to be realized. The global economy is also at a low point which give Competition an even higher risk of not qualification its even low demand molding sales expectations.Concerns for NPV Moderate Demand. After investing $600,000 in the moderate scenario, the total present value is $602,243 leaving a NPV of $2,243. While this is a positive number, it is not a high one so the company would have to decide if projections were more straight in the moderate demand, or low. If Competition Bikes does not meet its projections by any margin, this NPV will move into a negative status. In addition the declined economy,Competition Bikes has been over predicting sales in recent years. If the company follows this same pattern, the numbers in this scenario could be off.Concerns for IRR Low Demand. The rate of return for this scenario is 8.7%, 1.3% lower than Competition Bikes 10% threshold. This indica tes the project will not be funded or profitable, charge investors a agency from investing.Concerns for IRR Moderate Demand. The rate of return for this scenario is 10.1%. Although it is above Competition Bikes set bounce for moving forward, it merely meets the minimum. With the martplace in a down swing, its best to look at the low demand quite than moderate at this point. Having the moderate barely meet the 10% should raise concern for the company. Investors may not want to go on money for a venture that is marginally acceptable.Not recommended. From the summaries above on the NPV and IRR, it is not recommended that Competition Bikes move into the Canadian market at this time. There is a speculation that the expansion would be a success, scarce the risks are too high. The 10% rate of return is not only seldom met in these scenarios, that threshold may be a little low too. magnification into another country with additional building planned is much riskier than just an i nbred investment due to economic and regulatory issues. The cash flows used to create these scenarios are not exact either. Competition Bikes would deal to leave itself a little more room for cash flow fluctuation. Although they will be expenditure more on advertising in the first year, it is un cutn if it will increase sales. The expansion is something that could be reconsidered after the economy bounces back. workings Capital for Canadian ExpansionA3. (1) Obtain Working Capital. Working capital is Assets minus Liabilities and chiffonier be obtained by several avenues. Competition Bikes will have to build working capital to afford the expansion. Below are some of the avenues the company can use to acquire working capital.Debt financing. One time transaction bank loans is debt financing and commonly comes with a higher closing cost. Loans can also be obtained through regimen loans such as the Small fear Administration. These type of loans can be long or short term neverthel ess general hold high interest rates. SBA loans general have price less restrictive than those at the bank because they are services through the loan guarantor, not the lender. Avoiding using outside monies to fund a project is optimal assuming a favorable cost/ benefit ratio.Revolving book of facts. Credit can be used unceasingly to fund multiple projects. Lines of honorable mention tend to have lower payments than bank loans. Lines of doctrine can be used as working capital when appropriate. Interest is paid here and monthly payments cannot be at sea or the companys credit rating is at risk.Liquidating Assets. Companies can transmit unnecessary assets such as structures or buildings, land, machinery, etc. Competition Bikes can transfer its excess parts.Equity Financing. Offering preferred and common stock is a way to obtain working capital without outlet further into debt. Maximizing shareholder returns will raise funds for the company. Stocks will dilute ownership in the company but make the expansion feasible without the holy terror of debt. ontogenesis Sales. Managing already existing finances such as paying off debts, increasing sales and capacity, investing in marketing and advertising, lowering production be and growing the business can increase working capital. Retained earnings can be reinvested as working capital as well.Lending. Working capital can be obtained from selling accounts receivable or increasing their accounts receivable collections system. Loaning more money with protracted terms or reducing frozen and variable cost can also increase working capital.A3. (2) Manage Working Capital. Managing or preserving working capital is done by budgeting, reinvestments, managing accounts payable and receivable, and inventory and asset management. There are other ways to manage or exert working capital but these are discussed here.Budgeting. Competition Bikes can note its working capital by budgeting properly. peremptory costs and m anaging debt and assets will carry on cash flow. The balance sheets showed errors and ambiguous spending. Good unload charge is essential to know where money is going and where its coming from. The company can improve their debt management to know where costs can be cut. nonrecreational debts on time will decrease interest paid and worthy recruit keeping can divine service know when the debts are due.Reinvesting. The company can reinvest working capital to preserve it. The 50% common stock and 50% preferred stock structure mentioned earlier will help the company manage working capital. This option yields the highest earnings per share building capital.Increase Accounts Receivable Interest and Discounts. Competition Bikes shortly invoices at net/30 days. This should be reviewed and shortened to less than 20 days. Discounts should not be leaded in excess and should be careful managed. Smart cost check off maximizes cash flow. Accounts payable credit terms can be negotiated wit h suppliers as well. This may decrease interest and help maintain working capital.Inventory/ Asset Management. In addition to an acceptable record keeping system, inventory control can help the company in knowing whats on hand, whats incoming and outgoing. This can help determine what assets can be liquidated and used as working capital.A3. (3) permit vs. Buy. Deciding whether to lease or defile is a way to manage or preserve working capital. Competition Bikes involve to know which the better option to preserve their working capital is. The assessment below discusses the options.Lease. The lease for Competition Bikes would be a 5 year lease with unyielding monthly payments. There is a $50,000 buyout option at the end of the lease and no tax deductions are offered. There is a 6% interest rate on leasing the facility. The company would not be locked into keeping the building after the 5 years. Leasing would yield a lower NPV than get the facility and sustains working capital. Buy. If Competition Bikes chooses to purchase the Canadian facility, it would increase debt and still have fixed monthly payments. However, they would be able to take advantage of tax deductions. There is also a 6% interest rate in this option. Some considerations in purchasing are the depreciation of the facility, the down payment, and the living upkeep. Purchasing the facility requires a $50,000 down payment which results in lower monthly payments than leasing.Recommendation. Leasing seems to make the most financial thought for Competition Bikes in this scenario. Investing the $50,000 into the company to build revenue and manage working capital is a smarter decision than spending it on a down payment. This option will produce less debt and less risk of bad credit. Given that future growth is unknown, it is better to lease for five years and determine at that time how to expand base on how the market is doing at that time. There is lower inbuilt risk in leasing and better dete ct of increase returns. The overall lease payments will be less than purchasing so the company should lease, reassess after 5 years, and look into the option to buy at that time.Merger or AcquisitionA4. Competition Bikes must consider to merge with or acquire Canadian Bikes Inc. If the company does nothing, it could be faced with market competition that slides the company under. Below we look into the options, the consequences, positives and negatives of each. A final recommendation is made for Competition Bikes based on all information indeed far.Merger. In a merger, the two companies would combine. Competition Bikes is a larger company with 975,000 shares of common stock versus Canadian Bikings 200,000. Currently the earnings per share for Competition Bikes is .032 and Canadian Biking is at .121. If the companies merge, their earnings per share would increase to .053, an increase for Competition Bikes. In a merger, the acquiring company uses its own securities in exchange for the merged companys so it will dilute shareholder equity. However, since the exchange would be 31 basis, this would result in 65% increase for Competition Bikes, holding as a positive for the company. Both companies have expected continued growth over the close five years becoming a stronger competitor. A Merger would mean increased technology, customer base, and pre-established business departments. The merge will also come with more employees and possible duplication of duties making layoffs inevitable.Acquisition. In an acquisition, one company (in this case Competition Bikes) will take ownership of the target company (Canadian Biking). Canadian Biking Inc. will no longer exist and stocks for Competition Bikes Inc. will continue, expecting a return on investment. Competition Bikes is fling shares at 1.43, 30% premium over their current stock of 1.10. The projected cash flow does not meet the 10% hurdle rate Competition Bikes requires for investments. With an offer price of $286 ,000 and present value of $212,138, that would leave a negative NPV of $73,862. This will not leave the company with a return on investment. Since Competition Bikes has had decreased sales in the past few years, acquisition is riskier than a merger. In an acquisition Competition Bikes would acquire all of the patents and copyrights from Canadian Biking. remainderCompetition Bikes Inc. is considering a Canadian expansion and is faced with the determination whether to merge with or acquire the Canadian Biking Inc. facility. We have examine the source and management of working capital to help the company in the decision to merge with Canadian Biking, Inc. or to acquire the company. After consideration of the items discussed, it is recommended that Competition Bikes merge with Canadian Biking Inc. The monies required to merge with Canadian Biking Inc. should come from 50% preferred and 50% common stock. The growth of the merged company yields more projected cash flow over five year s than if Competition Bikes simply acquires Canadian Biking Inc.

'Holly Fashion\r'

'cASE 6 HOLLY FASHIONS tail end I O A N A LYSI S B na hireousion-dollal a pp bel c ompanies s uch a s C alvin K lein a nd L iz C laiborne a re odd i n t he g arment i ndustry, w hich c onsists p rimarily o f m uch s malier apparel m akers. O ne s uch f irm i s H olly F ashions ( HF), l ocated i n C herry F lill, New J eriey. H F w as s tarted 1 4 y ears a go b y W illiam H amilton a nd J ohn W hite, who b etween t hem h ad o ver 2 5: socio-economic classso f e xperiencew ith a m ajor g arment m anufacturer.A nd t he p artnership i niti all in ally b lended v ery w ell. H amilton, r eserved and i ntrospective, i s e xtremely c reative w ith a r eal f lair f or m erchandising a nd trim s potting. M ainly a s a r esult o f h is g enius, t he H F l abel i s s ynonymous with q uality a nd ” tn” f ashions. ‘ h ite, o Utgoing a nd f orceful, h as c ontributed important m erchandising a nd m arketing i deas, b ut h as m ainly a ssumed t he duties o f t he f irms c hief o perating o fficer.Hamilton h as h ad l ittle i nterest i n t he f inancial a spectso f t he c ompany, m uch preferring t o w ork o n d esigning n ew f ashions a nd t he d evelopment o f m arketing s trategies. A f ew m onths a go, h owever, h e d ecided t palpebra h e h ad b etter become m ore i nvolved w ith t hd c ompanys f inancials. His m otivation i s t wofold. F irst, h e i s c onsidering t he s ale o f h is 5 0 p ercent interest i n H F. T hough h e m joys t he c reative s ide o f t he b usiness,h e i s t ired o f the c ash c runches t chapeau t he f irm h as e xperiencedi n r ecent y ears.P eriodically, t he retailers H F d eals w ith h ave e ncountered f inancial p loblems a nd h ave s tlung come on t heir p ayments, w hich o ften c aused a m ad s cramble f or c ash a t H F A nd i f Hamilton d ecides t o s ell, h e k nows t palpebra h e i s l ikely t o b e i nvolved i n s ome stressful n egotiations s urrounding t he c ompanys v a1ue. T hough h e w ould h ire a c onsul tant t o a id h im i n a ny,negotiations,h e d ecides i t i s a g ood i dea t o e ducate h imself a bout H Fs f inancials.An early(a) r eason t chapeau H amilton i s i nterested i n t he f irms f inancials i s s o h e can b etter j udge t he m anagerial c ompetence o f l Alhite. Ahen I IF w as s mall Hamilton t hought W hite d id a f ine j ob, b ut n ow h e w onders w hether / hite i s capable o f r unning a f irm a s l arge a s H F. A ctually, i f H amilton w ere c onvinced that W hite i s a c ompetent m anager, h e w ould n ot c onsider s elling o ut s ince h e 36 PARTI I F INANCIALA NALYSIS genuinely e ntoys b eing a n o wner o f a n a pparel f irm.B ut h e t hinks t he a pparel industry w ill f ace e ven t ougher t imes i n t he n ext f ew y ears, a nd w onders i f ltrhite i s t alented e nough t o s uccessfullym eet t hese c hallenges. acceptation CONCEB. NS A4rites p ersonality i s s uch t hat h e m akes v irtually a ll m ajor o perating a nd financial d ecisions. A n i m portant e xample o f t his w as h is d ecision t hree y ears ago t o r etire a ll l ong-term d ebt/ a m ove t riggered b y W hites f ear t hat H Fs b usiness r isk w as i ncreasing.H e c ited t he d ifficulties o f s eemingly r ock-solid r etailers l ike B loomingdales a nd C ampeau t o s upport h is c laim. I M-Lite i s a lso concerned t hat f irms t he s ize o f H F h ave h ad d ifficulty m aintaining s table b ank relationships. D ue t o i ncreasingly s trict f ederal r egulations, s ome b anks h ave called i n l oans a t t he s lightest t echnicality, a nd m ost a re s crutinizing n ew b usiness l oans v ery c arefully. C onsequently W hite v iews b ank d ebt f inancing a s â€Å"treacherous” a nd t hinks t hat l oan o fficers a re c apable o f ” chewing u p m y t ime. Harnilton isnt sure what to obtain of these arguments, but he is concerned that this debt turning away has significantly r take outd FIFs financial tract top executive because it means that all pro tects will suck up to be equity financed. In fact, over the past five years t here h ave b een n o d ividends b ecausea ll e arnings h ave b een r einvested. And 2 years ago each of the partners had to wreak $15,000of capital in order to m eet t he c ompanys c ashn eeds. A nother i nfusion o f c apital m ay b e n ecessary sincet he f irms p resentc ashp osition i s l ow b y h istorical s tandards. ( externalise xhibit 2 . E More j mportantly, h owever, H amilton f eels t hat t he c ompany i s n ot b enefiting f rom t he l everage e ffect o f d ebt f inancing, a nd t hat t his h urts t he p rofitabiiity o f t he f lrm t o t he t wo o whers. WORKING large(p) CONCERNS Hamilton s uspectst hat F {Fsi nventory i s ” excessive” a nd t hat ” capital i s u nnecessarily t ied u p i n i nventory. ” n/hites p osition i s t hat a l arge i nventory i s n ecessary t o p rovide s peedy d eli very t o c ustomers. H e a rgues t hat ” our c ustomers expect q uick s ervice a nd a l arge i nventory h elps u s t o p rovide i t. Hamilton is skeptical of this argument and wonders if there isnt a mole efficient w ay o f p roviding q uicker s ewice. H e k nows t hat a c onsultant r ecommended t hat H I ” very s eriously” c onsiderb uilding a s tate-of-the-artd istribution center. T he p roposed f acility w ould a liow F {F t o r educe i nventory a ld a lso share big orders from retailers much(prenominal) as Kmart and Wal-Mart. VVhite jilted the suggestion a rguing t hat t he e sttnated $ S-million t o $ 8-mi11ion ost i s e xcessive. c Hamiiton a lso q uestions / hites c redit s tandards a nd c ollection p rocedures.Hamilton t hinks t hat / hite h as b een q uite g enerous i n g ranting p ayment extensions t o c ustomers, a nd a t o ne p oint n earlyish 4 0 p ercent o f t he c ompanys receivablesw ere m ore t han 9 0davs o verdue. F urther. / hite w ould c ontinue t o . C ASE6 H OLLYF ASHIONS 37 accept and ship orders to these qeta ilers eyen when it was clear that their ability t o p ay w as m arginal. l hites p osition i s t hat. he d oesnt w ant t o l ose s ales and that the uptight times these retailers face are altogether temporary. Hamilton also wonders about the wisdom of spill up softwood discounts. HF is often offered terms ol 1. 1. 0, net 30. That is, the company receives a l-percent discount if a bill is stipendiary in ten days and in any event full requital is expected within 30 days. ffiite seldom takes these discounts because he â€Å"wants t o h old o nto o ur c ash a s l ong a s p ossible. ” H e a lso n otes t hat ” the d iscount isnt especially too-generous emd 99 percent of the bill essential still be paid. ” FINAL THOUGHTS in spite of ill of Hamiltons concems, however, the retationship between the twain partners has been relatively smooth over the years. And Hamilton admits that he may be unduly critical of yhites instruction decisions. After al1,”he concedes, ” the m an s eems t o h ave r easonsf or w hat h e d oes, a rd w e h ave b een i n the black every year since we started, which is an impressive record, really, for a f um i n o ur b usiness. ” Further, Hamilton has discussed with two condultants the possibility of selling his half of the firm. Since FIF is not publicly traded, the market value of the companys s tock m ust b e e stimated. T hesec onsultants b elieve t hat H F i s w orth between $55 and $55 per share, figures that â€Å"seem quite good” to Hamilton. QUESTIONS 1 Calculate the firms 1995 dimensions listed in Exhibit 3. . P art o f H amiltons e valuationw ill c onsisto f c omparingt he f irms r atios t o . the industry poesy shown in Exhibit 3. (a) Discuss the limitations of such(prenominal) a comparative financial analysis. (b) In view of these limitations, why are such industry comparisons so frequentlym ade? 3, Hamilton thinks Siamese the profitability of the firm to the owners hasbeenh urt by Whites reluctanceto use ftuch inteiest-bearing debt. Is this a reasonable flummox? E xplain. 4. The case mentions that {hite rarely takes trade discounts, which are typically 1 /10, n et 3 0.D oest his s eeml ike a w ise f inancialm ove? E xplain. 5. C alculatet he c ompanysm arket-to-book dV/BV) r atio. ( Therea re 5 ,000 O shares f c ommons tock. ) o 6. Hamiltons position is that White has not competently managed the firm. curb this position using your previous an. swers nd other information in a the c ase. 38 PARTII FINANCIAL digest 7. Vyhites position is that he has effectively managed the firm. stomach this position using your previous answers and other information in the case. 8. Play the eccentric of an arbitratoi.Is it possible based on an question of the firms r atios a nd o ther i nformation i n t he c aset o a ssessW hites m anagerial competmce? Defend your position. 9. ( a) A re t he r atios y ou c alcul:ited b ased o n m arket o r b ook v alues? E xplain. ( b) W ould y ou p refer r atios b ased o n m arket c ir b ook v alues? E xplain. face 1 Holly F ashionsI ncome S tatements:1 993-1996 ( 000s) 1993 Sales Costo f g oods vernacularmargin Adrrinistrative Dq)reciation EBIT lnterest EBT Taxes solve income 1994 1995 1996 $985. 0 748. 6 236. 4 169. 4 10. 8 56. 1 7. O 49. 1 19. 7 $1,040. 0 n4. $1,236. 0 $1,305. 0 978. 8 202. 8 1 14 51. 0 4t. 0 18. 0 $27. 0 a7a, 307. 8 236,I 13. 6 58. 1 53. 1 21. 7 _-$3L9 249. 3 14 4 62. 6 58. 5 23. 5 ___$99! EXHIBIT 2 BalanceS heetso { t he H olly F ashionsC ompany: f 993-1996 ( 000s) 1993 ASSETS cash $40. 4 Receivables r53. 2 Inventory 117. 0 5. 9 Other cwrent Current assets ‘u. 8 Grossf ixed Accumulaied depreciation (12. 0) 32. 8 Net headstrong tote upa ssets $349. 3 1994 1995 1996 $s1. 9 158. 9 121. 1 6. 2 338. 0 58. 9 (23. 4) __35t $38. 6 ‘t75. 1 $10. 6 224. 8 19L. 9 7. 8 435. 1 96. 4 (s1. 4) 45. 0 $480. 1 193. 4 7. 4 414. 5 78. 1. _a;l continued) C ASE6 H OLLYF ASHIONS 39 EXHIBIT 2 (Con tirwed) t993 LIAB]LITIES & NET WORTH Accounts account payable Debt due Accruals Current liabilities Long-term debt uncouth s tock Retained e arnings Total L &NW $53. 8 10. 0 | 1 9. 7 , 8 3. 5 60. 0 150_0 1994 1995 r996 $v. f $85. 2 10. 0 24. 7 120. 9 40. 0 180. 0 114. 6 $u. 2 10. 0 26. L 120. 3 30. 0 180. 0 149. 8 $48q. 1 10. 0 26. 0 90. 7 50. 0 150. 0 82. 8 $349. 3 $455t EXHIBIT 3 Financial R atios { ot t hb H olly F ashionsC ompany: 1 993-1996 Ind*r11 (Presen] r993 r994 1995. 3. 7 3. 4 2. 6 ‘L7 1. 8 1. 3 1. 6 .8 r996 1993-19961. liquid state RatiosCurlent Quick Leverage atios R Deb(%) 41.. 1 37. 7 35. 3 8. 0 8. 5 11. 6 6. 4 6. 4 4. 8 FixedA sset Turnover 30. 0 29. 3 30. 1 TotalA sset Turnovet 2. 8 2. 8 2. 7 Timesinterest eamed employment Ratios lnventory Tulnover ( cgs) 47 57 71 3. 9 1. 3 8. 1 6. 0 40 25 72 3. 5 2. 8 2. 0 (continued) P ARTI I F INANCIALA NALYSIS DGIIBIT 3 (Conrinued) Ifld †r) 1993 1994 1995 AverageCollection Period Days Pulchases cracking* * (Present) 1996 1993-1996+ 50 68 18 31 25 32 ProfitabilityR atios M Gross argin ( %) 24. 0 25. 5 24. 9 Net Profit Margin (%) 3. 0 2. 6 2. 6 Return on loveliness (%) 14. 3 11. 6 0. 8 8. 4 7. 2 7. 0 5. 8 6. 0 6. L Retum on Total ( Assets %) ope rational Margin*** (%) 26 3. 1 ‘1. 2 27. 3 19. 5 7. 8 11. 8 8. 7 9. 9 7. 2 3. 1 iThe thr€e numbers for each ratio arc comPuted in the following wsy. Ratios for all firms in dre indushy are arranged in what is consider€d a strontest-to-weakest order The pose number rePl€senis the median ratioj that is, half the firms in the industry had mtios better than the median ratio and half had ratios that wer€ worse The top nunlber represents the fastness qua4ile figure; meaning 25 Pelcent of the firms had ratios befter tlran this.The glare number represents the lowest quaftile, that is, 25 percent of the firms had ratios worse than this. *”This shows the average lentth of time that trade debt is ouhtandint. AIso caled the averate Paymeni Period. Calculated ; is A /P †( CGS/360). 1**Calculateda s ( EBIT + D ep)/Sales.\r\n'

'Microeconomics and macroeconomics Essay\r'

'Micro economic science is the branch of economic science which deals into a more ‘individual’ scope of the study, much(prenominal) as the choices made by flock in terms of the utilization and apportioning of resources as surface as the price of goods and services. In addition, it includes taxes and the policies created by governments. This field of economics deals with supply and demand together with other(a) featureors that acts as determinants in identifying the price levels for limited companies in specific industries.\r\nThis is exemplified by how microeconomics focalisation on a specific come with’s potential to maximize its payoff as well as its aptitude to lower its prices to better compete in the particular industry that it belong to (Investopedia, n. p. ). On the other hand, macroeconomics deals with the behavior of the economy as a whole. Un equivalent microeconomics, it does not taper on specific companies but quite an takes into accoun t entire industries and economies.\r\nThis field of economics studies phenomena that take place in a wide scope of the economy like the effects of Gross National output (gross domestic product) with unemployment, national income, rate growth as well as price levels. A good example is how macroeconomics measures the effects of the uprise and fall of net exports in a country’s capital account and also how the unemployment rate affects the status of the GDP (Investopedia, n. p. ). Nevertheless, even though these two field of economic are different from to each one(prenominal) other, they are actually interdependent.\r\nThis is due to the fact that most of the issues that fall under each field overlap and thus, they compliment each other. Basically, microeconomics has a bottoms-up approach while macroeconomics has a top-down approach. Nonetheless, they should be understood and analyse in order to fully pick up how the economy works (Investopedia, n. p. ). Distinguish amids t authoritative and normative economics. unequivocal economics is responsible in providing a arrangement of generalizations, which could be used to make holy predictions regarding the effects of any variation in circumstances.\r\nIt is free of any ethical opinion or normative judgments. Keynes further luxuriant on this idea by state that it deals with â€Å"what is â€Å"and not with â€Å"what ought to be” (Economist’s View, n. p. ). beingness the case, positive economics is or spate be an objective science because it is judged harmonise to precision, scope, and conformity as well as with empirical evidences. Positive economics deals with the interrelations of kind beings with each other as well as with the economy (Economist’s View, n. p. ).\r\n normative economics, on the other hand, is different from positive economics because it takes into account subjectivity in its analysis. It deals with â€Å"what ought to be” rather than what is re ally incident because it is heavily dependent in apprise judgments and theoretical scenarios. Normative economics run to represent opinion instead of an objective perspective. Moreover, normative economics could be worthful in establishing goals and new ideas. However, it should not be the basis for policy decisions (Investopedia, n. p. ).\r\nReferences\r\nâ€Å"Milton Friedman: The Methodology of Positive Economics. ” 26 November 2006. Economist’s View. 19 July 2008. <http://economistsview. typepad. com/economistsview/2006/11/milton_friedman_2. html>. â€Å"Normative Economics. ” 2008. Investopedia. 19 July 2008. <http://www. investopedia. com/terms/n/normativeeconomics. asp>. â€Å"What’s the difference between macroeconomics and microeconomics? ” 2008. Investopedia. 19 July 2008. <http://www. investopedia. com/ pray/answers/110. asp>.\r\n'

'Global Financing and Exchange Rate\r'

'world(a) Financing and commutation Rate Mechanisms March 07, 2009 Global Financing and change Rate Mechanisms grueling currencies argon a capital, normally from a highly industrialized atomic number 18na, that is widely legitimate roughly the adult male as a stimulate of payment for goods and services. A bad currentness is pass judgment to remain comparatively stable through a short period of succession, and to be highly smooth in the forex insureet (Investopedia, 2009). The forex market is the largest, most facile market in the world with an average piled chance on cypher that exceeds $1. 9 trillion per day and includes all of the currencies in the world.\r\nThere is no central marketplace for silver substitution; carry on is conducted over the counter. The forex market is vindicated 24 hours a day, five days a week, and currencies are traded worldwide among the major financial centers of London, revolutionary York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris and Sydney (Investopedia, 2009). Another criterion for a breathed currentness is that the specie must come from a policy-makingly and economically stable country. The U. S. dollar and the British pound are good fonts of heavy(a) currencies (Investopedia, 2009). comfortable currency is another name for â€Å"weak currency”.\r\nThe take accounts of lenient currencies fluctuate often, and other countries do not want to hold these currencies due to political or economic incredulity within the country with the soft currency. Currencies from most developing countries are considered to be soft currencies. Often, governments from these developing countries will set un existentistically high exchange order, pegging their currency to a currency such as the U. S. dollar (Investopedia, 2009). Hard currentness is used in global financing avocation trading operations by developed nations. Hard currency is comfortably traded and bartered throughout the world.\ r\nUsing threatening currency ensures that in that location is an even playing field for all parties in the transaction. Hard currency is important in managing lay on the lines because â€Å"a company can counter an imminent devaluation by speeding up collections of receivables, postponing bill paying, and converting cash into hard currency” (Feist, Helly, & Lu, 1999) . Another way that hard currency vies risks is by utilizing or huging it, it is least likely to be a factor in the loss of funds. land organizations which invest internationally face the prospect of uncertainty in the returns after they convert the outside(prenominal) gains clog to their own currency.\r\nUnlike the past when most U. S. investors handle international investing alternatives, investors today must sleep with and understand exchange rate risk, which can be defined as the variability in returns on securities caused by currency fluctuations. Exchange rate risk is approximately clock cal led currency risk. This risk is true for the nations likewise. For example if a currency is free- directionless, its exchange rate is allowed to motley against that of other currencies. Exchange rates for such currencies are likely to change almost constantly as quoted on financial markets, generally by banks, more or less the world.\r\nThis can lead to lot of speculation and also losses in particular for weak economies. Moreover investors in the main prefer hard currencies to soft currencies at times of increase inflation (or more precisely increased inflation differentials between countries), at times of heightened political or military risk, or when they feel that champion or more government-imposed exchange rates are unrealistic. In some cases, an economy may bring to abandon topical anesthetic anaesthetic anesthetic currency altogether and collect a hard currency as well-grounded tender.\r\nExamples include the adoption in Ecuador and Panama of the US dollar, and th e adoption in Kosovo and Montenegro of first the German mark and later the euro. â€Å"Countries open to capital flows can adopt a wide range of arrangements, from free ice-cream float to a variety of crawling pegs with broad bands around them (under which the central exchange rate is ofttimes and marginally adjusted), as well as very hard pegs sustained by policy commitments such as currency boards, dollarization (or, more generally, the adoption of another foreign currency as legal tender), or social station in a currency union” (Finance & Development, 2001).\r\nHard pegs are defined as â€Å"In economics, a policy in which the authorities insist on some permanent, precise guarantee of the take to be of the local currency to some other thing: a unit measure of halcyon, the US dollar, the euro, or the pound. Historically, the US dollar had a hard peg to gold from 1946 to 1971, while other currencies in the developed world had a hard peg to the US dollar. Since 197 1, most of the worlds specie is in floating currency (whose relative protect is set by the free market)” (Urban Dictionary).\r\nA floating currency is â€Å"A currency whose value is set by the currency markets; money whose exchange rate relative to other currencies is de circumstanceined mainly or entirely by unrestricted trading in the currency. Most currencies are dirty float |dirty floats, which means that the government issuing them attempts to manage their traded value in some way; or else hard peg |hard pegs, in which the value is tied to something specific. When a currency is floating, then its value may rise because the county is running a trade surplus, or it is running a capital account surplus.\r\nFloating currencies are not fiat money, although they are often confused for each other” (Urban Dictionary). In some cases the US dollar is considered fiat money because it is deemed â€Å"money that (a) derives its value entirely from the mandate of the governm ent, and (b) cannot be freely traded. ordering money is not the same thing as floating currency, because if a floating currency is intrinsically worthless then its overlook of worth will be reflected in the forex markets.\r\nFiat money, on the other hand, does not require a disciplined monetary of fiscal policy on the part of the issuing authorities; exchange rates are fixed by decree, which means the earth also controls supplies of hard (foreign) currency” (Urban Dictionary). â€Å"Times change, and a currency that is considered weak at one time may become loyaler, and perceived as a hard currency later on. For example, the pound superlative was considered structurally weak and liable to depreciate (in real damage) for much of the post World War II period; without delay it is considered to have re-established fiscal and monetary soundness and to be strong.\r\nThe U. S. dollar (USD) has been considered a strong currency in recent years, and importantly a safe-haven in times of international tension or war, but the USA has large fiscal and trade deficits and an unresolved problem that many Asian currencies are pegged to the dollar and in that locationfore do not hold as their trade surpluses with the USA grow; some commentators believe that these considerations imply that the U. S. dollar will now enter a period of weakness, especially that there are signs that China may be restful the rate at which the yuan is pegged to the dollar” (Answers, 2007).\r\n loose Currency is used in global operations by underdeveloped or unstable nations. wanton currency is also used as local currency like the Mexican peso. easy currency is important in managing risks because it is a warning for companies to take proactive measures to reduce currency exchange losses. Soft pegs may lead speculation, which can be costly in industrialized countries, but are frequently harmful to emerging market countries, as in Latin America (Mexico and Ecuador), East Asia (T hailand, Korea, and Indonesia) and Turkey.\r\nThe breakdown of soft pegs in emerging market countries is as electronegative as it is because their debt structure is generally short name and is denominated in foreign currency. Thus a undefeated speculative attack leads to a sharp harm in balance sheets, which in turn leads to a financial crisis. Hard pegs may be desirable, especially in countries whose political and monetary institutions are especially weak; they can used to stabilize the economy. However, hard pegs will not be successful in promoting a healthy economy unless government policies make up the right institutional environment.\r\nThus Pegging has typically been a way to substantiate the value of a local currency against the worlds convertible currencies and to stabilize the exchange rate. References Investopedia, (http://www. investopedia. com/terms/s/softcurrency. asp) Feist, William R. , Heely, James A. , & Lu, Min H. (1999). Managing A Global Enterprise. , G reenwood Publishing Group. International Financial Management by Madhu vij Finance & Development, (http://www. imf. org/external/pubs/ft/fandd/2001/06/fischer. htm) Urban Dictionary, (http://www. urbandictionary. com/define. php? term=hard%20peg)\r\n'

'Fresh Foods vs. Canned Foods\r'

'As we grow up we learn that we be suppose to eat both to one-third well balanced meals a day. We stretch come on in a society that has an immense concoction of viandss to choose from and we are responsible for what we eat. We decide what we are about to eat and how it will affect our bodies. Although orthogonal foods and tinned foods are both highly eaten foods, they are really very different in flavor, health benefits, and cost. The most notable difference between these dickens kinds of foods is their flavor. unobjectionable oods rent great flavor and degustation because they prevent all their natural conditions. If they are new, they havent been processed or mutated in round way. transcribed foods, however, lack a lot of its flavor characteristics because there are some other chemical products added to the natural foods. It is logical that the fresh foods will have a greater taste and flavor when consumed Just because of the time in which they have been layd. Co mparing both types of foods we notice another difference.There is a health factor that affects both of them. Canned foods drop off some of the original fresh food nutrients when stored, and as well it has to be tinned with many conservatives and chemical factors that substantiate the shelf feel and apparent freshness of the food but could also become toxic if consumed also often. On the other hand, fresh food is picked or made daily for a quality product. many another(prenominal) fruits and vegetables are picked and then set on shelves to be bought but have a shorter shelf life than canned foods because there are no acrimonious chemicals.Many bakeries bake their goods the day of for fresh taste kinda of using the past days items that lack freshness. notwithstanding another difference between these two types of foods is the cost. Fresh food is much expensive than canned food. Canned food is easier to find and easier to prepare. People who do not have time to sit down an pre pare a fresh meal would rather entrance something out of a can, warm it up, and eat it. acquire fresh food is a bit more costly but in the long go past its healthier for you to buy fresh foods.Whether theyre fresh fruits and vegetables, inwardness products, or baked goods, these items will aste better existence made fresh than Just coming out of a can. Here are the main three differences between buying fresh foods and buying canned foods. As we can see it comes down to a personal choice, based on the time individually person has, the money and the importance he/she gives to his/her nutrition and health. Therefore it is important that you consider your possibilities and choose the beat out type of foods for your convenience and lifestyle.\r\n'

'Fast Food Culture Essay\r'

' mickle extinguish spry diet when they don’t crap enough age to afford themselves a fine delicious meal due to busy work or study. flying regimen prevents them from the trouble of cooking and saves them large muster up of clock. Along with the development of economy, masses of the 21st century argon entering an era of warm verse c tout ensembleed â€Å"fast pabulum era”. The name â€Å"fast food era” is derived from the term â€Å"fast food”, describing a time in which pace and cogency are excessively highly emphasized. abstain food non tho represent less time to eat, further besides refers the cosmea are bam that people retreat patiences to look clearly of themselves who consumed withal more stuff, however they didn’t objectively satisfy.\r\nFast food enculturation is now extending to all aspects of modern-day behavior. Once there was a survey indicating that in South Korea, nearly a half of routine staff set fur ther as matchless of the distinguished standards in work. They enchanted the pleasure of fast working(a) while could barely putting up with â€Å"Mr. slack off”. Besides working area, fast food culture whoremaster be withal show in the field of get alongledge and education. On the sales be lists of online bookstores give give care Amazon and kindle, books with the striking names as â€Å"how to …..” can be easily found. These books teach readers the descend courses to master a skill after move finished dozens of pages. Classics are compressed into svelte books or movies. People can digest a classic level(p) within two or three hours which in the past, could never be possible.\r\nspectacularly sleek over, â€Å"fast food culture” is penetrating into the sacrosanct turf of love and marriage. Speed dating is or else popular in china nowadays. Recent historic period has witnessed the springing up of matchmaking programs in china kindred à ¢â‚¬Å"If You argon the One”, â€Å"Take Me out” and so on. On these programs, a teenaged man and a young lady both know nothing round each an separate(prenominal) before the TV programs fail care quickly matched within 20 proceedings on spot. M whatsoever young people nettle married after meeting each other for several weeks or even a few days.\r\nThis phenomenon is called â€Å"flash marriage” or â€Å"lightning marriage”. A survey released by Virgin Media aiming at 1,968 adults from England examined their speed at eating, spending m wizy and having sex. The result revealed that render ahead of them are bolting down their evening meal in less than ten minutes. Others are hurrying through love-making in just two minutes. Workers are also frittering their monthly wages well before their bordering payday. Psychologist Honey Langcaster-James said â€Å"we are now spiritedness at a â€Å"crazy pace””.\r\nThe suspense is, are we rightf ully happy slightly this fast, unceasingly changing world? Do we actually do it smell in itself? China’s urban flavour of life index report issued by the Chinese Academy of miserliness and the Capital Economy and Trade University reveals the life quality indexes of 30 boor capital cities. The index report indicates that life quality of Beijing is far lower than that of other cities like Guangzhou, Nanjing, Yinchuan, although the pace of life in Beijing ranks the first. Dwellers in Beijing feel less happy besides much more stressed than those in other capital cities. Thus, we whitethorn reach the conclusion that fast-paced life and the pure pursuit of material riches can not bring us real happiness.\r\nBut what makes us unhappy and how to find the linchpin to happiness? Philosophy provides us the answer. â€Å"The unexamined life is not worth living.” â the famed philosopher of ancient Greece Socrates once said. He believed man should reflect on himself w ith a life-sustaining attitude. Without self-reflection, life can not be regarded as complete. People living in modern guild are deprived of the time to contemplate themselves and many other things. They race through life at a breakneck speed, without being able to prise the legal opinioner of life itself. This is why they easily lose their mind in the fast changing world and feel unhappy or depressed below many circumstances. â€Å" Be as you wish to key out” â¡ â€Å"Know thyself.” â€Å"Worthless people racy only to eat and drink; people of worth eat and drink only to give-up the ghost.”\r\nâ€Å"The surreptitious of happiness, you see, is not found in seeking more, but in ontogenesis the capacity to enjoy less.”⢠Socrates then gave us the solution. He told us we should get to know ourselves, know who we very are and what we really want. This would help us in our pursuit of real happiness without being seek for the wrong thing. Socrate s also enlightened us that we should pick up a dialectical attitude towards man’s seeking for material wealth. We human beings have innumerable want in material, which is some(prenominal)thing we are born with. However, also much disposition for material wealth may bring us anxiety and worry.\r\nLiu An, a famous figure of imperial linage of the Western Han Dynasty, wrote in the masterpiece Huai Nan Zi, â€Å"trouble comes from excessive desire”. ⣠So we should allow ourselves to seek for material raft properly in order to satisfy our affects, but we shouldn’t let this want for material wealth turn into a crazy avarice. Thus we need to control our desire and also understand the secret of happiness, namely â€Å"happiness does not lie in seeking more, but in developing the potential to enjoy less.” Ancient Chinese political theorists Mencius happened to founder the same belief. He once said â€Å"there’s no colossaler idea than abnegati ng one’s desire to keep inner peace.” â¤\r\nThe unique emperor of the ancient Rome Marcus Aurelius, who was also a great philosopher, wrote a book named the Meditations. This book is the drudgery of his deep contemplation on human life which gives us a lot of sagacious advice most life. â€Å"After all, there should be some void in life”, Marcus Aurelius wrote in his book.⥠Nowadays, people live in bustling cities, busying working and studying. While in the deep of their minds, seldom are there any people know what they really want. to the highest degree of them care much about gains and losses, fame and fortune, which makes them live very stock(a) everyday.\r\nThey should have time to reflect on their behaviors and lesson ethic, adjust themselves before stepping into the next phase of life. Most people are suffering agonies in their life. The agonies, Marcus Aurelius thought, come from their discontent of power, bullion and fame. Their endless desir e for power, fame and money lies on their shoulders like a piece of ponderous stone. What they should do is to alleviate the burdens, stop being obsess by fame and fortune and keep inner peace. lone(prenominal) by doing this, can people remove worries and live happily.\r\nLife is not a race, but a journey to be savored each step of the way. So stop hurrying to seek for fortune and fame. also Fast-paced life only lessens your feelings of happiness and creates the hallucination of fear. Slow down your pace, spare your mind some time to contemplate on your behaviors and appreciate the beauty of the world you are living in. drop the voltaic books, Read a paper book explicate by word, line by line, page by page, you’ll find the sparkling thoughts of the author, maybe an there go forth be an emotional resonance between you and the author. rejoin away fast food; cook a meal with your beloved one.\r\nTaste every lulu carefully and slowly, you’ll discover the fragranc e of food, and you’ll also gustatory sensation the love of your wife. Slow down your pace when you are traveling, walk into the narrow street that you didn’t even pay attention to and stop for a on the face of it little blossoming growing on the roadside, you’ll be surprised at the unique beauty of it. That is also a beauty granted by our fret nature. Spend more time with the girl you externalize to have a relationship with; you will get to know her make better and better. Her merits and shortcomings will be all exposed before you. Then make a decision whether you should stay with her or not. This is much better than a flash marriage after a tree days’ acquaintance and then you already begin to regret for your hasty decision.\r\nLife is short. You never know what may happen tomorrow. Thereforeï¼Å' it is important to enjoy today. Of course, some people will show that’s why it is important to concentrate a lot of things into a day and live a fast-paced life. If then, how would you possibly have time to enjoy all of those experiences? By doing a few things slowly and doing them well, you can savor the experience and get happiness in the process. Haste makes waste. We can’t muckle through things mechanically like machines do. If we do, we might bury something; we might take shortcuts. By taking our time, we can do a chore carefully, completely, and correctly.\r\nIf we could made life slow down; see ourselves clearly, we could gain the great connection with ourselves. In the Buddhism, when they wake up; they starts have question for whole day that is what I really want; if I dead tomorrow, what are we tone ending to do. We may regard after we miss the really motion, relationship and even ourselves. We should stop to catch hind end which is the stuff go almost our life; we should keep the inner emotion and thought. Civilization starts philosophy and question, people own the thought to create art and the spurt of universal. Are we go backward with civilization? It seems like we carry a pot of flowers; we lose the flower in the road; but we hold the pot.\r\n ingeminate a famous verse written by Tao Yuanming, the famous writer of the Chinese eastern Jin Dynasty here,â€Å"neath the Eastern fence My gaze upon the Southern plenitude rests; The mountain views are good by day or night, The birds come flying homeward to their nests. A justice in this reflection lies concealed, But I occlude how it may be revealed.”. ⦠People walk around to gather water in a cup. People didn’t know and recognize cup already full, because their heart didn’t full. They thought the cup still empty. Therefore, they keep infuse water into that. It talks about human condition, they have empty mind how could they know something? Do the master of yourself, not the society. Gives up the fast food, let us starts a real life.\r\nCitizen\r\n1. Leibowitz＆David. 2010. The humourous Defense o f Socrates: Plato’s Apology [M]. Cambridge University Press.\r\n2.”Socrates.” BrainyQuote.com. Xplore Inc, 2012. 23 October 2012. http://www.brainyquote.com/quotes/quotes/s/socrates380638.html\r\n3. â€Å"Socrates.” BrainyQuote.com. Xplore Inc, 2012. 23 October 2012. http://www.brainyquote.com/quotes/quotes/s/socrates385762.html 4. http://paper.people.com.cn/rmrbhwb/html/2007-12/14/content_33890507.htm\r\n5. http://baike.baidu.com/view/4886275.htm\r\n6.Marco Aurelius. 2009. Meditation [M]. BiblioLife,LLC.\r\n7. http://blog.sina.com.cn/s/blog_4e276d2c0102e4b5.html\r\n'

'Paranoid Schizophrenia\r'

'Paranoid schizophrenic disorder Josh Brotheim Keiser University First off, what is insane dementia praecox? distressonize to Coon and Mitterer, (2010) paranoid schizophrenia is schizophrenia pronounced by a preoccupation with delusions or by frequent auditory hallucinations related to a wiz theme, especially grandeur or prosecution. In unprejudiced terms, the patients with this affection progress to false beliefs (delusions) that somebody or some quite a pocket-size be plotting against them or members of their family.\r\nThey see to it things that be not real, or take over delusions of in the flesh(predicate) grandeur- a false belief that they are more than greater and more powerful and influential than they truly are. (MNT, 2010) The disease was first identified as a discrete unsoundness by Dr. Emile Kraepelin in 1887 and the illness itself is generally believed to have accompanied objet dartkind throughout its history. (Schizophrenia, 2010) There are three thing s to know to the highest degree paranoid schizophrenia: what the signs and symptoms are, the types of different treatments, and how people with this disease can have a threatening encumbrance on society.\r\nSince paranoid schizophrenia affects so some(prenominal) people worldwide, it is very distinguished to know the primordial signs and symptoms associated with it. Signs and symptoms of paranoid schizophrenia sometimes vary from individual to person, but all the patients have the majority of these symptoms. They have got from paranoid delusions or false personal beliefs that are not subject to reason or irrelevant evidence. (MNT, 2010) A patient with paranoid schizophrenia ordain usually suffer from periods of high anxiety.\r\nThey may have anger that may range from mild irritation, to ire and rage. The patients may suffer physical or delirious detachment. Aggression may reach levels in which fantastic outbursts occur. (MNT, 2010). Violent behavior sometimes occurs wit h paranoid schizophrenics. ofttimes this violence is interoperated by the patient as self-defense as he believes new(prenominal)s want to do him harm; or may be diminish suddenly cutthroat without observed provocation. (Livestrong, 2011) They also often behave in bizarre shipway.\r\nThey are often reported as having a conversation with someone who is not in that location or making strange statements when speaking to friends and family. (Livestrong, 2011) Finally, legion(predicate) schizophrenics contemplate suicide due to the difficulty of spiritedness with their mental illness or be pay back they believe they have been instructed to do so by auditory hallucinations. (MNT, 2010). Patients with paranoid schizophrenia require treatments on a constant basis; even when symptoms seem to have receded- a tempting time for patients to say they are bewitching and no longer involve more cooperate.\r\nTreatments are basically the same for all forms of schizophrenia; there are varia tions depending on the severity and types of symptoms, the health of the patient, his/her age, as well as some other factors. (MNT, 2010) Treatments overwhelm medications, which acknowledge neuroleptic drugs; these are effective at managing hallucinations, delusions and other symptoms such as loss of motivation and omit of emotion. (Mayo, 2010) Other medications deal antidepressants, anti-anxiety, and mood stabilizing medications may also be used in faction with the antipsychotics depending on the patient’s symptoms.\r\nPsychotherapy for paranoid schizophrenic patients is also essential. Psychotherapy may hold individual therapy, which is therapy with a s stamp outed mental health provider that can help them learn ways to cope with the distress and daily life challenges brought on by the disease. (Mayo, 2010) Psychotherapy may also include family therapy, where both the patient and his family may benefit from therapy that provides live on and education to the familie s. Eletroconclusive therapy (ECT) which electric currents are passed through their brains to spark off brief seizures, changes the brains chemistry that can reduce symptoms of this disease. Mayo, 2010) Finally, to help the patients live independently and an important part of their recovery, people with this disease benefit from social and vocational skills training. though there are not too legion(predicate) cases worldwide, people with paranoid schizophrenia may cause a risky threat to our everyday lives. harmonise to Coon and Mitterer, (2010) thinking that god, the government, or â€Å"cosmic rays from plaza” are controlling their minds or that someone is laborious to poison them, people suffering from paranoid schizophrenia may feel forced into violence to â€Å" hold dear” themselves.\r\nAn example is James Huberty, who brutally murdered 21 people at a McDonald’s restaurant in San Ysidro, California. Huberty felt prosecuted and cheated by life. Shortl y in the first place he announced to his wife that he was â€Å" exit hunting humans,” Huberty had been hearing hallucinated voices. (Coon and Mitterer, 2010) In July, 1998, a man named Russell Westen, who had been diagnosed as a paranoid schizophrenic, entered the Capitol Building in Washington, D. C. , with a handgun, killing two security guards before he was shot and injured himself.\r\nAs it sour out, the man had refused to take his medications. He was delusional, claiming that the President was conspiring to kill him. Once he claimed that the satellite dish in his little town in Montana was detecting on him for the CIA. His parents said that he believed secret powers were assay to control him through the TV set. The mans symptoms read equal a textbook description of paranoid schizophrenia. not all paranoid schizophrenics are dangerous; intimately of them are not.\r\nHowever, when they begin to act on their fantasies, like this man did, they can become dangerous. ( Psywww, 2007) Since, paranoid schizophrenia affects so many people worldwide, it is very important to know the early warning signs and symptoms associated with it. It is important to be able to recognize the strange activities he or she may be doing, from talking to the strange little leprechauns in the corner or getting violent and raged about the government or whomever, trying to come after them or their families.\r\nThese diseased people need to be given the help they need. They need the antipsychotic medications, and the psychotherapy treatments to help them control there hallucinations and anger. With prescribed family and treatments, the violent outrages and murders can be kept at a lower place control. We just have to be able to find out what these patients are going through and help them with the neat treatments for their individual symptoms. (W/c 998) REFERENCES: Coon, D. and Mitterer, J. (2010) Introduction to Psychology (12th Ed. (P. 472). Belmont, CA: Wadsworth LIVES TRONG. com, (2010) Signs ; Symptoms of Paranoid Schizophrenia. Retrieved celestial latitude 6, 2011 from http://www. livestrong. com/article/22699-signs-symptoms-paranoid-schizophrenia/ MAYOCLINIC, (2010) Treatments and Drugs. Retrieved December 6, 2011 from http://www. mayoclinic. com/health/paranoid-schizophrenia/Ds00862/DSECTION=treatments-and-drugs MNT, (2010) What is Paranoid Schizophrenia? What causes Paranoid Schizophrenia? Retrieved December 6, 2011 from\r\n'

'Public Affairs relations project revised Essay\r'

'Bisker PLC Company is a well established guild which sights basic all told(prenominal)y with retrace of vanish and different polymers. It has created job opportunities inside that region. The single line of work that it sees is a lot of complains from the topical anaesthetic anaesthetic state and authority over the pollutants which it emits to the milieu. A lot of coin has been spent by this participation in trying to solve this break. Bisker desire to expand its family to fiddle market demand however it fears the luck of taint since it volition expand the caller-out next to a recreational centre.\r\nThrough strict regulations, the confederation has been fitted to maintain sentry go standard in spite of appearance the atomic number 18a. So during their three months be after period, they want to fall down up with mankind transaction programs which get out help them to do it their st enumerategies in order to fill up the standards of operation in the trounce mode. Therefore, the party should assume that, by means of prissy forethought of unrestricted affair transaction, the play along potty operate to the best without complains from the topical anaesthetic partnership or politicians since their waste and pollutants testament be well managed.\r\n naming of jobs. The major problems that the confederation face be that of odor befoulment and reverberate. This has fall to solicitude receiving a routine of complains from the local politicians and residents. Through, their centering achievements the direction has fitted the high society with fitters which ordain help in filtering all the pollutants and this advise therefrom reduce the risk of environmental befoulment indoors the atomic number 18a.\r\nIn fixing up this problem, the phoner has resulted to inviolable use of money so that the problem dismiss be fixed. Another problem that the fraternity face is the get along of refinement of their gil d which they anticipate that they will receive mixed reaction from the hatful within and withal the local politicians since they fear the risk of self-aggrandizing smell and fraudulent scheme from the follow. This bed be see since the extension of guild will be show up woodland which is secured for the local participation recreation.\r\nThis has created fear of invest large summate of money which is meant to be alter in this extension and in environmental progress to reduce the risk of pollution. Pollution problems want to be address since the argona is usually inspected regularly to correct pollution rate and in case the inspectors stick up with a high figure of rate of pollution it contribute lead to closure of the company despite the large amount of money that they spend. each these problems atomic number 18 brought about by their plans being designed and usage by small management team.\r\nIf the company’s problems be managed by the overt traffic te am better events bear upon be seek which will enable the company to manage to the highest degree of its issues universally and more than also it crapper be at a better position of puzzle out its problems in a better manner by habitual relation. When these problems argon identified, various public traffic strategies burn down be employed by the company so that it fag come up with searching measures which muckle be address these problems and work them. kind of a number of public relations strategies request to be employing so that the management will chaw with the problems at reduced cost.\r\nThe cost incurred in these management strategies cigargont accordingly be reduced through proper establishment of public relations strategies. The company is also go about with emission of excessive affray which the local residents take on always complained about. To deal with this problem, the company raise use noise proof materials which can trap some of the noise th at comes from the industry. Through this the company can enhance its extension which will lead to increase in market sh ars since they would not be facing a lot of objection from the local community.\r\nWith the problem of pollution from the company local nation who ar the main workers in the industry ar faced with great risk of acquiring infective from the aerosols which ar emitted from industry. Safety measures should be taken within the industry which marks that the take in of employees is taken cargon of so that the company will not be faced with the problem of lack of staff. After extension of plants life, the 12 jobs which will be created means that the company essential to spend extra money in ensuring that the eudaemonia of the added employees is taken care of so that they can be safe at work.\r\nPublic Relations. The public relations and public communication plans aims at developing aims and objectives of the company which they can operate on. These strategies help s in getting the solution of problems that are faced by the company. In solving the problems that the company face, public relations manager should ensure that they learn professionals who are sooner conversant with way forward of traffic with these problems. Experienced personnel who are aware of the most problems that the company face can come up with relative measures that the company can put one across so that they can be at a point of relations with their issue.\r\nTheir strategies should be centre on the way forward to reduce the problem of pollution so that the local residents will be free with the expansion of company to create generous opportunity of the company to maximize its profit and at the same while to take care of the bear on of the local community so that they risk of pollution can be reduced. Therefore, personnel who deal with the issue of making plans for companies, once hired they should ensure all the problems are addressed including that of safety stan dard which are usually inspected regularly so that they can meet the safety standards which are necessary by the inspecting body.\r\nThese safety measures when well employed can result to practiced standards of the company which will wherefore help it in retaining its market shares. During their public plans implementation, the company should ensure that they involve local residents and politicians in their plans implementation since with the views of the people who are affected; they can understand the major problem and put into consideration their view in visualize on how to eliminate the problems.\r\nPeople who are adversely affected by the problems are in a batter position of access up with the solutions in look to the problem. By involving the society, the social aspect of the company will be boosted since it will retain integrated a social way of dealing with issues. The management of the company in their effort to involve the society, they should book them to underst and the benefits of the company i. e. the way the company is bestow to economical and social growth in the region.\r\nThey can also view the benefits that they experience from the products of the company. Apart from this, community need to be made aware of the measures that the company need to put in place of dealing with problems which the local community are facing as a result of pollution and noise. Problems with the company can be dealt with them amply when the company need to reposition from small management team to public so that they can deal with the issue at public level because the problem need to be amply addressed.\r\nWith a large(p)ger management, the company can hence increase its market share and expand greatly which will increase its marketability. The company acquire favourable reputation when it ensures that all the strategies that it applies are massive to everyone and that they are not carrying out their practices against the wish of the local people and t he leaders. Minimum resources can be utilize by the company when they use proper public relations scheme and experienced employees in dealing with the management problem.\r\nBy establishing proper committee for managing the company expansion strategies, less expense can be experienced. stochasticity being some other major problem in the region need to be addressed by the company. The management should use their public relations skill to deal with the problem. They should primary carry out look into from the local residents so that they can advise them on way forward of dealing with the issue of pollution. local anesthetic residents can give their relative views which the company can hence implement to reduce the risks of noise pollution.\r\n excogitate Tactics. In company’s plan tactic the company need to address all the problems that they are currently facing before expansion of the company, how they have tried to solve them and how successful they were. Therefore, in c ompany’s plan tactics, they should aim at coming up with various strategies to ensure that the problems are fully solved. Some of the tactics which need to be implemented include: solving the problem of pollution and noise so that the public recreation place stay on safe and the industry can continue with its operations.\r\nThis can be solved by use of filters and noise proof materials which will prevent interference in the environment. The tactic to deal with the claims from the public relations should be cardinal way and responsive this will implementations which need to be put in place. Implementations are best carried out when they are carried out in two perspectives since measures will be taken in regard to both sides. Both management and the local community should be open and honest to one another so that they can share information freely so that all the problems can be addressed fairly without any side being humiliated.\r\nThe local residents should receive garners from the company which usually nimble them of the way forward that the company want to employ their tactics in dealing with pollution. By doing this the local resident will recognize the efforts of the company and therefore they can try in assisting them on how to deal with the issue. The management can also come up with bill board whereby they can notify the community on their strategies of dealing with various issues of pollution. In questionnaire, the company get the views of the community in regard to what they want to be implemented so that they can olfaction safe.\r\nQuestionnaire can be very helpful also to the ordinary public which is affected by the risk of pollution the public can give their views in regard to the way they view the management strategies so that after assessing their views they can determine implementations which are needed so that the life of community is not at risk of any form of pollution. The company can reduce the risk of environmental and noise p ollution by having double windows which will ensure that the amount of pollutants emitted from the company does not interfere with the environment but rather the pollutant are controlled within the company setup.\r\nTherefore, the company should ensure that all measures required are implemented so that the issues which are put forward for the matter to of the community. Letters should be sent to the local residents so that they can be notified on ways that the company is trying to come up with so that they can reduce the risk of pollution within the environment which has been the major threat to the community.\r\nThe community can hence realize that the company is doing its best to safeguard the welfare of employees. Time Consideration In quantify consideration, it should be entirely done according to the above tactics. The first thing which should be done is sending the letter to the local residents notifying them on their plans to expand the company and the efforts that they ar e putting in place to ensure that the issue of pollution will be minimized.\r\nThe management should come up with various ways of ensuring that management strategies are carried out at the right time and taking into consideration the number of people who will benefit from these strategies. After taking care of tactics, then public relations plans should be initiated immediately after the plans for expanding the company are drafted and the public relations manager have come up with various ways of dealing with the needs of the company.\r\nTime is very crucial in public relations because it ensure that all the management strategies are carried out at the right time which will contribute greatly in planning. comme il faut time of these management strategies will ensure that the managerial strategies on the way to expand the company are carried out in the right way. Time is quite crucial in public relations because it can be used to rate how fast or slow the implementations are takin g place.\r\nImplementations which need to be considered are those of dealing with the problem that the company face. When these implementations are carried out is very crucial since proper timing will ensure that all the aspects which need to be incorporated in the plan are addressed. forrader the three months time which the management need in order to get permission for planning, they should have unionized various methods that they need to apply in their public relations skills which will enable their plans to be cognize by the public within a in brief time.\r\nAccording to the case of Bisker industry implementation of the public relations plan will take a improvident time since to start with they have to apply to the local authority to be allowed to continue with their plans for expanding their company. This will take place after a short duration of three months time. After permission is granted, more time will be spent in ensuring that the objectives of company expansion are known to the general public.\r\nSince the company hired public relations steady to carry on with public relations strategies is a good idea and since the firm is experienced it will handled so many public relations strategies initially, the visit is anticipated to take a short time to be fully completed. After implementation of public relations strategies for public relations, the company will be able to reach out to a big number of individuals through public sensory faculty since after implementation of these strategies it will be able to move from small management team to public.\r\nAfter this awareness of public, move individuals can be reached through media. Media awareness will be created by advertising for their commodities. Advertisements are meant to reach a big number of individuals. Therefore, public relations and communication plans will ensure that all the problems that are facing company are addressed and solutions sought by qualified personnel. Plans will be carrie d through at appropriate time and since the strategies are well managed.\r\nThese strategies can hence be used to plan for the management progress of the company including plans undertaken which are meant for expanding the company and its operations fully. Duration of time that the plans takes determines the affectivity of plans since planning need to be given enough time which will ensure that all strategies and plans are fully taken care of within a considerable time period.\r\n'