Prejudice in the Merchant of Venice Essay

Partiality is a noteworthy subject in The Merchant of Venice. This is communicates at different events all through the novel. One of the most noteworthy instances of bias in this novel is the Anti-Semitic perspectives on the Christian residents in Venice. A second demonstration of partiality in The Merchant of Venice happens when the Prince of Morocco shows up in Venice. The third model, however increasingly inconspicuous, is the partiality towards the Prince of Arragon. These three models fall in to two significant classes, racial partiality and strict preference. The Anti-Semitic perspectives in The Merchant of Venice have a significant influence in the novel. Without the Anti-Semitic perspectives, the elopement plot and the bond plot would not be in presence. In the event that Jessica were Christian, Shylock would have grasped the marriage of Lorenzo and Jessica. Religion, notwithstanding, intercedes and causes Shylock’s outrage at his little girl. The bond plot just depends on strict pressure. Shylock the Jew would not have been so unfriendly towards Antonio and Bassanio had they all been Jewish or Christian. The conduct in the court additionally made a substantial commitment to the Anti-Semitism in The Merchant of Venice .The disciplines for Jews were far more awful than those given to Christians. Jews had truly cruel limitations permitting them to just be cash loan specialists. The second case of preference happens among Portia and the Prince of Morocco. This preference, be that as it may, isn't strict like the bias among Shylock and Antonio, yet is all the more a type of racial partiality. As the subsequent demonstration starts, Morocco states, â€Å"Mislike me not for my composition, the shadowed uniform of the polished sun.† (2.1.1-2). This was said to Portia to ask her not to pass judgment on the sovereign on his composition, yet rather that he be decided on what is within him. Portia, in any case, had concluded that she would not appreciate wedding the sovereign. She communicates her partiality by saying, â€Å"If I could offer the fifth greeting with so great heart as I can say goodbye to the next four, I ought to be happy of his methodology. On the off chance that he have the state of a holy person and the composition of a fallen angel, I had preferably heshrive me over wive me.† (Shakespeare 127-131) Her choice was obviously put forth and in spite of the Prince’s attempts to assist her with understanding that he was much the same as any man she stayed resolved about her understanding. The third case of partiality, additionally racial, is towards the Prince of Arragon. The Prince of Arragon is taunted in different habits all through the scene where he picks the coffin. The Prince’s name added a type of parody to the story. His name, Arragon, like Arragon, enlightened the peruser regarding his disposition and character as a rule. The Prince of Arragon additionally expressed, â€Å"What’s here? The picture of a flickering dolt introducing me a schedule!† (2.9.58-60). This announcement is likewise offending towards the ruler because of the way that he can’t even perceive his own self. Furthermore, he alluded to the picture in the mirror as a flickering moron. The preference here is given my Shakespeare and included as opposed to being given from another character, it is communicated as a characteristic of the Prince of Arragon himself. Shakespeare, for this situation, shows preference, not a character. The job of partiality assumes a significant job in The Merchant of Venice. This partiality, anyway annoying and mean it appears to be presently was not as gravely saw in the Elizabethan time. Actually, this partiality was totally typical. The mistreatment and bias towards Jews, minorities individuals, and individuals from specific countries was an ordinary piece of day by day live. Without the partiality in The Merchant of Venice, the books plot would be futile.

Labor Economics Child Labor

Work Economics Child Labor The work showcase today has acquired a progression of issues that have gotten change the financial part. These progressions have been brought about by a few components, which incorporate globalization and the economy itself. Among the issues which are right now saw in the work showcase, youngster work has been a significant test looked by the world on the loose. It has been a significant worry in the worldwide issues of financial matters in spite of the fact that it is seen to be progressively knowledgeable about districts like Africa and Asia.Advertising We will compose a custom article test on Labor Economics: Child Labor explicitly for you for just $16.05 $11/page Learn More This paper examines the reasons of why Child work is polished, just as the suspicions about its rehearsing in certain areas more frequently than in others in the advanced world. In the Cornell Daily Sun article of December 2004, one can discover heaps of helpful data regarding why, how and where the kid work i s drilled dependent on the exploration done by Professor Nancy Chau of the Cornell Institute for Public Affairs. Work has been definitively characterized as work or exercises that deny the youngster a chance to be in school just as a chance to be a kid as far as conduct exercises, for example, playing, association or learning (Oran 46). Educator Chau’s definition can be upheld up by Eric Edmonds see regarding the matter. Notwithstanding, he includes that typical residential errands can be determined into kid work if the youngster doesn't get sufficient opportunity to examine (Edmonds 23) Professor Chau’s guarantee on kid work and its causes is that it isn't just that the kid work cases are brought about by neediness. It is without a doubt a central point at the same time, there are in reality other urgent variables that signify the principle one. As per Professor Chau’s guarantee, the regions’ Gross Domestic Product might be the reason for the risky pract ice. It is asserted that locales of low GPDs are influenced by youngster work practice (Oran 32). In another perception, Chau accepts that the training might be created by the fantasy that children’s’ method of showing improvement over grown-ups would make them the fitting substitute in the work showcase. In her examination it is apparent that, in a nation like Paraguay, a youngster makes about a fourth of what the remainder of the entire family make. These presumptions lead to the way that grown-ups overlook the way that a kid needs instruction. Rather, the guardians esteem bringing a greater number of kids instead of raising instructed kids. Having watched the zones generally stricken by kid work and different components that cause the issue, Professor Chau proposes a few answers for the issue. She gives a generally excellent case of Brazil’s plan to pay grown-ups for keeping their kids in school (Oran 5) .This is by all accounts a legitimate and truly sensibl e arrangement that would assist with managing the issue in our society.Advertising Looking for exposition on business financial matters? We should check whether we can support you! Get your first paper with 15% OFF Learn More I would concur mind her, in spite of the fact that as I would like to think, this would be an answer for just the nations which can spending pay for kid training. Shouldn't something be said about the nations rehearsing Child work because of neediness that can't bear the cost of remuneration for kid Education? Youngster work takes out the respect and the privileges of our kids. Counting youngsters as workers, regularly in hazardous working conditions, ought to be disheartened at all expense. Edmonds, Eric. Kid work. The national authority of financial aspects look into, 2007. Oran, Olivia. Issues Around Child Labor. Cornell Publishers. 2008.

We Ask Admissions Officers Whats the #1 Fact You Wish Applicants Knew

We Ask Admissions Officers What's the #1 Fact You Wish Applicants Knew SAT/ACT Prep Online Guides and Tips School affirmations can be confounding, with a great deal of opposing data tossed around. It's difficult to isolate actuality from fiction, which is baffling since a lot is on the line and you may not understand you committed errors until it's extremely late. In this selective article, we chose to counsel college confirmations officials and instructors around the nation to get through the commotion. We asked them a straightforward inquiry: What's the #1 truth you wish school candidates thought about affirmations? The outcomes may shock you. #1: We Want a Well-Rounded Class, Not Well-Rounded Students We've all heard the maxim of schools enjoying balanced understudies, such huge numbers of cheerful candidates attempt to do a tad of everything simultaneously. This may be a gigantic slip-up. Jeannine Lalonde, Senior Assistant Dean of Admission at University of Virginia, lets us know: The region that understudies appear to occupy so much candidate time and vitality away from progressively significant things is the extracurricular segment of the application.When I was in school, somebody thought of the expression the balanced understudy and I dread that term has become and gooney bird that stays nearby everybody secondary school understudy's neck. They believe there's a check list that we use as we read and we need to see initiative, games, network administration, something imaginative, something scholarly, and so forth. They imagine that in the event that they don't do everything, at that point they should be a specialist in a certain something. So either be a handyman, or went to the Olympics. The truth of the matter is that the way of thinking at my school and numerous others has developed. We're hoping to assemble a balanced class. A balanced class has a wide range of understudies in it. Truly, however, scholastics will consistently start things out. So measure of network administration will make a confirmation official overlook that an understudy didn't challenge themselves in secondary school. At the point when I read a document, the greater part of my time is spend examining the transcript, perusing the proposals, and understanding expositions. Extracurricular exercises are...extra! #2: Demonstrate Your Character - Be Someone Colleges Want In Their Community Applications aren't just about your test outcomes and accomplishments. Schools need you to be somebody they're happy with tolerating in their locale. Your main responsibility is to exhibit that you have the character to be this individual. Tune Barash, previous English educator and affirmations instructor at U Michigan, Rutgers, and Douglass College, composes: What makes a difference mostthe one thing you can control in the affirmations procedure and for the remainder of your lifeis your character. When you appear, what can individuals rely on you for? This is truly what schools need to know. Schools are networks, and confirmations officials are building differing networks of people who will mix and work togetherin study halls, apartments, and over the wide scope of exercises that make up the school network. Utilize the school procedure to investigate your character: what are your qualities, your interests, and particularly your duties? When you know where you are going, think again into your background and reveal the tales that are associated with that place you are going. Where are the minutes when you changed, developed or had any kind of effect? Those vital turning points are the cauldron of character; those are the minutes you need to expound on in your school affirmation and grant expositions. #3: Use the Admissions Office to Your Advantage Affirmations workplaces appear to be overwhelming - they can choose your destiny and a huge number of different understudies in a solitary stroke. Be that as it may, you ought to understand that the workplace is comprised of individuals who care about the school and about their understudies. Jeff Knox, previous Admissions Officer at University of Pittsburgh, prompts: The normal school affirmations proficient is youthful, ordinarily in her 20s. Understudies will in general think entrance advisory boards are comprised of a lot of more seasoned curmudgeons examining their applications and papers over bifocals.Don’t be reluctant to call or email the confirmations workplaces. They are (quite often) overly overall quite accommodating. I would say, I manage a great deal of understudies worrying over truly basic inquiries that could without much of a stretch be replied with a basic call. Particularly in light of the fact that schools have various approaches and inclinations and in light of the fact that understudy questions are regularly so explicit, it’s essential to go to the source with numerous inquiries. As opposed to speculating or attempting to make sense of it all alone, simply contact the confirmations office legitimately. #4: Maximize the Effectiveness ofthe Supplemental Essay Private affirmations guide and Harvard PhD Robert Kohenbelieves that understudies think little of the estimation of the supplemental paper. Regarding this as a bit of hindsight is a serious mix-up: Understudies devote such a great amount of time to consummating their own article that they regularly neglect to allow for the littler, supplemental inquiries that most universities pose on the application. These expositions as a rule ask about for what good reason the understudy needs to go to a specific school. It's basic that understudies both invest sufficient energy looking into the school and tweaking these expositions. The most widely recognized mix-up understudies make is basically rehashing conventional data about the college: it's in an incredible city, its scholastics are staggering, and the grounds is lovely for sure. Rather, understudies ought to expound on explicit subtleties that line up with their own advantages and show they've gotten their work done. For instance, does the college offer a specific sort of understudy bunch exceptional to that school? Does it have a specific teacher the understudy is keen on working with, or an extraordinary research organization that addresses the understudy's scholastic advantages? It's important that understudies remember these kinds of subtleties for their supplemental articles so as to stand apart from the group. What's Next? Is there a consuming inquiry you need replied by school confirmations officials? We'll connect with our system. Simply leave a remark beneath about what you need us to inquire. Need to exceed expectations on the SAT or ACT? Peruse our popular advisers for scoring an ideal SAT score or an ideal ACT score. How great of a SAT/ACT score do you have to get into your objective school? Ascertain your objective score for the SAT or the ACT. Need to improve your SAT score by 160 or your ACT score by 4 points?We've composed a guide for each test about the best 5 procedures you should use to have a taken shots at improving your score. Download it with the expectation of complimentary at this point:

Idioms Examples

Idioms Examples Idioms Idioms are figures of speech whose meaning cannot be determined by looking at the words. These phrases or expressions have come to mean something separate from the words that make them up. Examples of Idioms: It's raining cats and dogs. We packed everything but the kitchen sink. The math test was a piece of cake. You should give it a shot. I have mixed feelings about the game tonight. Mrs. James said we will have to play it by ear. Examples of Idioms in Literature: From Shakespeare's Hamlet: There's a method in my madness." From Shakespeare's Henry VI: "Mum's the word." From Chaucer's Canterbury Tales: "He at the last appointed him on one,/ and let all others from his hearte gon, And chose her of his own authority; / for love is blind all day, and may not see." From John Steinbeck's East of Eden: "Old Black Joe started crowing out in the hen house. Then Mother's rocking chair cricked for all the world like she was sitting in it. You know I don't take truck with that but it set me minding backwards, you know how you do sometimes."

How Insulin Helps Maintain Blood Levels Essay - 1351 Words

My report is about Insulin and if a person intakes too much would it create type 2 diabetes. As most information on Type 2 Diabetes states that insulin helps maintain blood levels that are high in glucose and that an overdose can create dangerously low glucose levels in your blood (hypoglycemia). But can it also create Type 2 Diabetes if a person intakes too much insulin. This report will show how insulin can create Type 2 Diabetes by intaking too much insulin. Type 2 Diabetes in New Zealand is increasing yearly and has over 156,000 people diagnosed with this chronic sickness. And this is caused by New Zealanders eating too much junk food and doing no physical activity. This then results to obesity, and as many states obesity is one of the most common conditions that can develop Type 2 Diabetes. Type 2 Diabetes is an issue because even though you re obese, you are most likely to get Type 2 Diabetes and this makes your life span shorter. In New Zealand we already have too many deaths yearly and around 2,500 of those deaths are produced by Type 2 Diabetes. New Zealand has an o verwhelming number of people that have Type 2 Diabetes, would that also be the number of deaths in New Zealand. Type 2 Diabetes is when the body is not creating enough insulin to keep blood glucose levels at a maintained level. Tissue cells from muscle, fat and the liver are all created to take glucose out of the blood and pull it into the cells and produce it into energy. These cells require insulinShow MoreRelatedThe Prevalence Of Gestational Diabetes1223 Words   |  5 Pageshigh blood glucose levels during pregnancy to get gestational diabetes. There is a process in which the baby has to go through inside their mother’s womb. The placenta is what supports the baby as it grows. Hormones from the placenta help the baby develop. But these hormones also block the action of the mother s insulin in her body. This problem is called insulin resistance.  Insulin resistance  makes it hard for the mother s body to use insulin. She may need up to three times as much  insulin. GestationalRead MoreThe Endocrine Part Of The Pancreas1609 Words   |  7 PagesLangerhans). Insulin and glucago n are hormones secreted by islet cells of the pancreas. Both of these hormones are secreted depending on the blood glucose levels. Alpha cells of the pancreatic islets secrete glucagon and beta cells of the pancreatic islets secrete insulin (Marieb, 2012). Insulin and glucagon are equally vital in managing blood glucose, making sure the body functions well. Glucose, which comes from the food we eat, is important for every body system. A decline in the blood glucose levelRead MoreHomeostasis Biology 91604 (3.4B). †¢Describe The Purpose1604 Words   |  7 PagesBiology 91604 (3.4B) †¢ Describe the purpose of the homeostatic system The definition of homeostasis: â€Å"Homeostasis involves a control system by which an animal maintains a stable internal environment, despite fluctuations in their environment.† Purpose of homeostasis according to referenced website: â€Å"The purpose of homeostasis is to maintain a normal balance throughout the body in regards to: temperature, salt concentration, water concentration and food intake. The human body has very little roomRead MoreDiabetes Mellitus : An Autoimmune Disease1238 Words   |  5 Pages Diabetes or as doctors would refer by as diabetes mellitus, is a group of metabolic diseases in which a person has a high blood glucose level (above 110 mg/dL) because insulin production is inadequate, the body’s cells do not respond properly to insulin or even both. Diabetes mellitus is also a contributing factor of development of cardiovascular disease, hypertension, renal failure, blindness, and stroke as individuals’ age. There are 3 different types of diabetes mellitus, type 1diabetes mellitusRead More Diabetes Mellitus Essay examples1745 Words   |  7 Pagescondition in which the body either fails to produce the amount of insulin needed or it responds inadequately to the insulin secreted by the pancreas. The three primary types of diabetes are: Diabetes Type 1 and 2, and during some pregnancies, Gestational diabetes. The clichà © for all three types of diabetes is high glucose blood levels or hyperglycemia. The pathophysiology of all types of diabetes mellitus is related to the hormone insulin, which is secreted by the beta cells of the pancreas. This hormoneRead MoreHealth Complication Of A Diabetic Patient1104 Words   |  5 Pagesto our body if not consumed adequately. One must maintain a healthy diet in order to be less likely to access a health complication. Some illness/diseases are simply just genetics and unknown factors that trigger the onset of the disease. When someone is diagnosed with a certain illness/disease they must follow certain diets and have more precautions of the food and drinks they intake. Keeping an activity level in one’s life is also important to help the body control the disease or illness, this isRead MoreDiabetes Assignment1542 Words   |  7 Pages2 diabetes mellitus is the result of the pancreas being unable to produce adequate amounts of insulin and the resistance of cells to insulin. This results in glucose remaining in the blood and not being taken up by the cells leading to hyperglycemia. Because of insulin’s role in the stimulation of the synthesis of protein and the storage of fatty acids in adipose tissue, inadequate amounts of insulin also reduces nutrients that are essential for fuel and storage being accessed by tissues. BetaRead MoreDiabetes Mellitus : An Autoimmune Disease1261 Words   |  6 PagesDiabetes or as doctors would refer by as diabetes mellitus, is a group of metabolic diseases in which a person has a high blood glucose level above 110 mg/dL because insulin production is inadequate, the body’s cells do not respond properly to insulin or even both. Diabetes mellitus is also a contributing factor of development of cardiovascular disease, hypertension, renal failure, blindness, and stroke as individuals’ age. There are 3 different types of diabetes mellitus, type 1diabetes mellitusRead MoreDiabetes Mellitus Type 1 And Type 21675 Words   |  7 Pagesâ€Å"Diabetes mellitus is a group of metabolic diseases characterized by hyperglycemia resulting from defects in insulin secretion, insulin action, or both. The chronic hyperglycemia of diabetes is associated with long-term damage, dysfunction, and failure of various organs, especially the eyes, kidneys, nerves, heart, and blood vessels† (p.1). There are two types of diabetes, type 1 and type 2. Insulin management is needed for type 1 diabetes, because it is an autoimmune disease. Diabetes Mellitus typeRead More Monitoring Blood Glucose Levels Essays1440 Words   |  6 Pages Monitoring Blood Glucose Levels Maintaining normal blood glucose levels greatly reduces the risk of experiencing complications due to diabetes. Whether an individual has Type 1 or Type 2 diabetes, regular use of a glucose monitor to determine blood sugar levels will help determine what adjustments to diet, oral medications, or insulin injections may be necessary to achieve good control. Whats Glucose? Glucose is a simple form of sugar. Dextrose, fructose, sucrose

How to Prepare Performance Report of a Company

Questions: Task 11. Prepare a performance report for the two companies for consideration by the directors of Chelsea Plc indicating which of the two companies you consider to be abetter acquisition, the directors require an analysis of these ratios and explanation2. Indicate what other information is needed before a final decision can be madeTask 21) Calculate the annual cash flows for each of the five years.2) Using the investment appraisal methods calculate the ARR, Payback, NPV and IRR 3) Advise the client on whether this project should be accepted or rejected based on methods used above.Task 31. You are required to prepare a cash budget for the four months August to November 2014. The opening cash balance at 1 August 2014 is 15,400.2. Budgeting is one of the areas that the management are keen to improve on, could you provide an explanation of why budgeting is beneficial to a business and whatcan be done to enhance the budgeting process? Answers: Solution to the Required Task 1 1. Chelsea Plc is considering two companies Kensington (K) and Wimbledon (W) as the target companies which we are required to compare and advice which one is the better target for acquisition. There is certain profitability, activity and liquidity ratios are given for both the companies as well as the industry standards, we need to analyze all such ratios and conclude the decision. Let us discuss and analyze each ratios one by one (Bodie, et al, 2011). Return on Capital Employed is computed by dividing the net operating profit with the employed capital. It denotes the profit earned for each of capital employed in the company. The more the profits for the company the better it is so the higher the ROCE ratio the better it is for the company. Here the industry average given for this ratio is 20 whereas the W (28) has higher of this ratio from both industry as well as of Ks (22) (Burns and Morris, 2014). Therefore both the company is better off but W is more profitable. (Return On Capital Employed) Return on equity is a profitability ratio from the investors point of view since it is the ratio of the net income earned from the shareholders fund. It reflects the efficiency of the company to use the shareholders money and earn profit from it. In this ratio also W has higher ratio then both K and Industry thus it is in better position (Cao, 2011). Acquiring W will help Chelsea gain more confidence from investors since they will have sense of security that there fund is utilized in creating shareholders wealth and not destroying it. (Return on equity ratio) Gross profit and Net Profit ratios are the ratios computed by dividing the respective profits by the sales. This ratio reflects the percentage of profit earned on certain level of sales. Here in the given case study gross and net profit ratio of K is better than industrys average but of W is worst which denotes that profitability of W is lower when compared to that of K. It may be due to mismanagement or unnecessary expenditures which can be corrected by Chelsea after acquisition. Therefore we can say that analyzing the profitability ratios Wimbledon is better target firm. (Gross Profit Ratio) (Net Profit Ratio) Total Asset Turnover ratio indicates Net sales divided by average total assets. The higher ratio is preferable since it indicates that company is efficiently using its assets to generate sales. Here also W is better off from K as well as from the industry standards. Non-current asset ratio is similar only difference being here only the fixed assets is considered and not the total assets. This denotes how efficiently the company is utilizing its fixed asset in generating income for the financers. W has a ratio of 12 whereas Industry and K has 5.1 and 2.3 respectively (Cherneva, 2012). Thus in both the above ratios W is surpassing all other comparisons. (Asset turnover ratio) (Fixed Asset Turnover Ratio) Receivables collection period are the credit period allowed to debtors. The time period it takes to realize the sales amount in cash is known as receivable collection period. This period is preferred to be lower since the faster the collection is made the sooner the cash can be rolled back into the operating cycle. Here as per the given data W has the lowest collection period and thus it is preferable. (Accounts receivable Collection Period) Inventory holding period is the period which is required to sell the product to the consumers kept in stock. Like receivable collection period lower inventory holding period will shorten the days to complete one operating cycle and thus will allow Company grab more opportunities (Clift, 2011). Here also the holding period of W is lowest and thus it is in better position. (Average age of Inventory) In all the liquidity ratios such as current ratio, acid test ratio and debt equity ratio which is considered lower the better W is in better position thus we conclude that in almost all the ratios W is a better acquisition target. (Current Ratio) These ratios help us to analyze how the various areas are being covered under the ratios and how the decisions can be based on that ratios. Such as debt equity ratios helps us to measure the amount that the company uses as debt for financing the capital and the debt burden also for the company. The various other ratios shows how the company is liquid enough t pay off the debts and the liquidity structure of the company. The ROCE and ROE is one of the valuable measurements to measure the companys profitability ratio. By calculating the ROCE for both the companies W and K, it has been observed that the ROCE of W Company is 28 and the ROCE of K Company is 22 (Zhang et al., 2011). This shows that the profitability ratio of W Company is more than the K Company. So, acquiring W will be better for Chelsea to earn more profit from the market. The ROE of W Company is much better than K Company, so it would be better to acquire W by Chelsea Plc. So the Chelsea Plc Company should acquire the W Company to earn huge amounts of profit from market. If the company had more profitability ratio then the observation reflects that the company has more equity value as compared with the debt value of the company. It has been also found that the average borrowing rate is much less for the W Company (Glantz, 2014). So, the management of Chelsea Plc Company should merge with the W Company. 2. Final Decision cannot make only based on some ratios. Certain other aspects should be considering before deciding. These are as following in nature: Shares issued by the company Numbers of shares that are issues by the company to generate the funds for the operational activities of the company are mainly base on the final decision making strategies of the organization. Acquisition activities of the company Acquisition of a new or popular product in the company is also primary factors that are required to be considering during the final decision taken by the organization. The acquisition activities of the company are mainly base on the decision-making criteria of the particular organization. Research Activities Researches of several articles by independent analysts are also required and essential for the decision-making strategies of the organization are mainly base on the certain activities of the company is support the organization to take beneficial decision about the company. Borrowings of the company There are several debt amount which is taken by the company which is required to be settle after acquisition activity of company which is mainly based on the capabilities of the organization to fulfilled their organizational obligations which is based on the financial capabilities of the organization. Legal Obligations The legal obligations that are mainly base on the several activities of the company as per the pending legal obligations of the company. Moreover, those are required to sort out the company rules and policies measured by the company. There are certain value addition activities which are required for the decision making activities of the organization which is based on the maintaining the goodwill of the company. Human Resource Activities The decision-making activities of the company that is mainly based on the expenditures and the employees retrenchment activities that are mainly base on the certain activities of the organization as per the compatibility of the product line of the organization. Product price affordability The products price affordability of the company is base on the different purpose of the company decision-making activities of the organization. The decision-making strategies of the organization are mainly base on the several strategies follow by the organization. Mode of Payment The decision-making strategies of the company are mainly base on the several essential activities of the organization for choosing the proper mode of payment of the organization. this is the one of the most famous decision-making aspects of the organization in compare to the others aspects of the organization. Work Culture Environment The objectives behind the research on the work culture of the company are mainly base on the organizational decision and which is base on the certain activities of the company. The company is mainly depends upon the certain activities of the cultural factors of the company. Merger Activities The earnings after merger should evaluate to decide acquisition of the company is mainly support the company to take essential decisions about the organization about their financial and operational activities of the company (Gowthorpe, 2011). Task 2 1. As per the research of the Riverside Motorcycle Components Ltd. Company can provide some standard service which has been recently developed by them. For the service provision it requires special machinery which costs 100,000 with a residual value of 20,000 after 5 years. The companys cost of capital is 12% which can set as the benchmark to achieve this target at least to check the projects viability in some of the appraisal methods. We have been asked to prepare the annual cash flows each year given the data of estimated sales in units each year (Guiso and Rustichini, 2011). These cash flows are calculated by multiplying the contribution per unit amount with the units per year given. The following table shows the computation of annual cash flows each year: Annual Cash Flows Particulars Details Years 1 2 3 4 5 Units Sold - 5,000 10,000 15,000 15,000 5,000 Amount (in ) Annual Cash Inflow SP @ 12per unit 60,000 120,000 180,000 180,000 60,000 Annual Cash Outflow VC @ 8 per unit 40,000 80,000 120,000 120,000 40,000 Net Cash Flows - 20,000 40,000 60,000 60,000 20,000 2. The company requires us to compute the investment appraisal methods using different methods such as accounting rate of return, payback period, internal rate of return and net present value method. In the accounting rate of return method average accounting profit of all the years involved in the project is computed and then it is divided by the amount of initial investment resulting in a return percentage (Sagner, 2014). It is also called simple rate of return because it is easy to compute and also simple ratio. ARR is used in investment appraisal it helps in deciding whether the project is viable to adopt or not. The following steps show the computation of the ARR. Since this is rate of return therefore higher the return more viable is the project in this method. (Jan, 2013) Accounting Rate of Return (ARR) Step 1: Computing Annual Depreciation Initial Investment 100000 Salvage Value 20000 No of years 5 Annual Depreciation 16000 Step 2: Computing Average Accounting Profit Years Cash Flows Depreciation Accounting Profit 1 20,000 16,000 4,000 2 40,000 16,000 24,000 3 60,000 16,000 44,000 4 60,000 16,000 44,000 5 20,000 16,000 4,000 Total Accounting Profit 120,000 Salvage Value 20,000 Average Accounting Profit 28,000 Step 3: Computing Accounting Rate of Return Average Accounting Profit (in ) 28000 Initial Investment (in ) 100000 ARR (in %) 28 Particulars Years 0 1 2 3 4 5 Initial Investment (100,000) - - - - - Cash Flows - 20,000 40,000 60,000 60,000 20,000 Cumulative Cash Flows (100,000) (80,000) (40,000) 20,000 80,000 100,000 Fraction Calculations - n/m n/m 0.66666667 0.33333333 4 Payback Period (in yrs) 2.667 Payback period is the method which determines the time period in which the initial investment can be recovered resulting profits in further years. Here in the mentioned question the company has an initial investment of 100,000 which will be recovered in the next 5 years since the project lifetime is such. The payback period can be computed in many alternate ways but here we have calculated by using the excel formulae (Ramsden, 2011). After dividing the absolute value of the last cumulative negative cash flows with the cash flow of the first positive cumulative cash flows, we have added it to the number of years before the first positive cumulative cash flows (Harris, 2013). The following table shows the payback period computation with the help of excel formulae in the excel sheet. The worksheet has been attached. (Ajay, 2013) There are many investment appraisal methods but Net present value method is very prevalent and commonly used. It includes the effect of time value of money thus making the method more effective and appropriate for decision making. In the project the present values are computed by discounting the cash flows each year. The sum of these present values is subtracted with the initial investment to compute the net present value (Peterson, et al, 2012). If the NPV is positive then the project is viable and if it is negative it is not viable. Sometimes the salvage value is also given that gets realized at the end year of the project, in that case we add up the present value of the salvage value with the cash flows of that year and compute the NPV accordingly (Holton, 2012). The following table shows the computation of the NPV of the given problem with help of excel formulae. (NPV IRR, 2013) Particulars Discounting Rate 12% Years 0 1 2 3 4 5 Initial Investment (100,000) - - - - - Cash Flows - 20,000 40,000 60,000 60,000 20,000 Salvage Value - - - - - 20,000 Present Values (100,000) 17,857 31,888 42,707 38,131 22,697 NPV 53,280 Since the NPV is positive in the above calculation thus the project is viable for the company. Internal Rate of Return is the method which compares the inflows and the outflows making it equal. The discounting rate at which the inflow gets equal to outflow is the IRR. The project with the greater IRR should be selected since it is better to have higher IRR. The project is considered viable if the IRR is greater than the hurdle rate. The below table shows the IRR computation using the Excel formulae: (Formulae for calculating IRR in excel) Particulars Years 0 1 2 3 4 5 Cash Flows (100,000) 20,000 40,000 60,000 60,000 20,000 Internal Rate of Return (IRR) 27% Since the above IRR is greater than the companys hurdle rate of 12% we consider the project is viable. In the absence of further information we assume the companys cost o capital to be its hurdle rate for the IRR computation. (Formulae for computing NPV in Excel) From the above calculation, it has been observed that the company has invested 100,000 Pound in purchasing a new machine for their manufacturing process. In the first year, the management of the Riverside Motorcycle Components Ltd has a cash inflow around 17,857 Pounds in the first year. In the second year, the management of the firm has received a cash inflow of 31,888 Pounds from the machine installed for the production purpose. In the third year, the company has received around 42,707 Pounds and has a cash inflow of 38,131 Pounds and 22,697 Pounds in the fourth and fifth year respectively. It has been observed from the calculation that the total cash inflow from the machine is 153,280 Pounds in the last five years. The total net present value of the cash inflow is 53,280 Pounds (Media, 2012). As the net present value of the cash flow is positive, the management of the Riverside Motorcycle Components Ltd should invest in the machine to earn more profit. If we compare the NPV, IRR a nd ARR, it has been observed that the NPV is positive; IRR is more than the hurdle rate of the project (IMA., 2012). The ARR value is 28 % which is very healthy foer the investors to get back the money from the investment. It can be stated that the management of the company can invest in the machine. 3. Since as per the above calculations we get that all the methods give a positive indication towards the project thus the project is completely viable. In the ARR the rate of return earned is quite high i.e. 28%. Similarly in payback period method the years computed is 2.67 years for a five year project which is almost half the total time period which is a positive sign. The company will be able to recover its investment soon and invest in some other new project reaping only profits from this project in further years. The NPV and IRR are also giving good appraisal since the NPV is positive with the good margin and the IRR is greater than the double of the hurdle rate. Thus considering all of the above methods we advise the client to accept the project. Task 3 1. The bookkeeper of the Pedrosa Plc has fallen sick and the new staff is inexperienced. Therefore the directors of the company wishes if we can help them in anyways. It requires preparing a cash budget for the period of four months from the period Aug to Nov 14. Some information is provided to us by whom we will have to prepare the budget. There are sales and purchase value for the six months period is given. 40% of the total sales constitute cash sales which are realized immediately whereas 60% of the sales are credit sales with a one month credit period given to the debtors (Kimmel, et al, 2011). Similarly the suppliers also provide 1 month credit period which means this months purchase will be paid in the next month. The depreciation charge of 2,500 per month is non cash expenditure and thus will not be included in the cash budget. The following tables show the cash budget for four months and the appendix attached. Cash Budget For the period Aug '14 to Nov '14 Particulars Details August September October November (in ) (in ) (in ) (in ) Opening Cash balance given for Aug 15,400 37,240 43,390 48,930 Inflows Cash Sales Appendix 1 27,060 24,160 23,400 22,200 Collection from debtors Appendix 1 39,180 40,590 36,240 35,100 Rent Income Given 9,000 9,000 9,000 9,000 Total Inflows (A) 90,640 110,990 112,030 115,230 Outflows Payment to Suppliers Appendix 2 35,400 33,600 32,600 34,750 Wages Appendix 3 18,000 18,000 18,000 19,080 Dividend Given - 16000 - - Payment for Machinery Appendix 4 - - 12,500 6,250 Total Outflows (B) 53,400 67,600 63,100 60,080 Closing Balance (A-B) 37,240 43,390 48,930 55,150 Appendix 1 Sales Months Particulars Details July Aug Sept Oct Nov Dec Sales Volume given 65,300 67,650 60,400 58,500 55,500 64,600 Cash sales 40% of sales above 26,120 27,060 24,160 23,400 22,200 25,840 Credit Sales 60% of Sales 39,180 40,590 36,240 35,100 33,300 38,760 Collection From Debtors 1 month credit period - 39,180 40,590 36,240 35,100 33,300 Appendix 2 Purchases Months Particulars Details July Aug Sept Oct Nov Dec Purchase Amount given 35,400 33,600 32,600 34,750 35,650 35,600 Payment to suppliers 1 month credit period - 35,400 33,600 32,600 34,750 35,650 Appendix 3 Wages Months Particulars Details July Aug Sept Oct Nov Dec Wages 6% inc. from nov onwards 18,000 18,000 18,000 18,000 19,080 19,080 Appendix 4 Machinery Months Particulars Details July Aug Sept Oct Nov Dec Installments Payment 25% in Oct, rest in 6 months (Cost= 50,000) - - - 12,500 6,250 6,250 2. Budgeting is the process of managing and approximating the expenditure and the income. It is a plan prepared for future to keep a balance between the income and expense. Budgeting is also very vital in fulfilling the financial needs of the company as they have the plan at hand ready to work on different situations accordingly. Preparation of budgets such as cash budget, purchase budget, sales budget etc helps in proper evaluation of the companys performance. Any deviation from the budget will alert the management to take necessary actions and work accordingly. (What is Budgeting?) (Nordmeyer) There can be various ways to enhance the budgeting process. Not achieving it alerts the management and makes them pay more heed to such process. Corporate Performance Management (CPM) and Performance Based Budgeting (PBB) are the ways to enhance the budgeting process (Marney and Tarbert, 2011). The cost benefit analysis is significant in this budgeting process. Thus we conclude that for every organization preparing a budget is crucial part in its management process. (Performance Based Budgetting, 2015) Bibliography Accounts receivable Collection Period. (n.d.). Retrieved 2015, from Accounting Tools: https://www.accountingtools.com/receivables-collection-period Ajay. (2013, April 4). Calculating Payback period in Excel. Retrieved June 6, 2015, from Techtites: https://techtites.com/calculating-payback-period-in-excel/ Asset turnover ratio. (n.d.). Retrieved 2015, from my accounting course: https://www.myaccountingcourse.com/financial-ratios/asset-turnover-ratio Average age of Inventory. (n.d.). Retrieved 2015, from Investopedia: https://www.investopedia.com/terms/a/average-age-of-inventory.asp Current Ratio. (n.d.). Retrieved 2015, from My accounting course: https://www.myaccountingcourse.com/financial-ratios/current-ratio Debt-Equity Ratio. (n.d.). Retrieved 2015, from My accounting courses: https://www.myaccountingcourse.com/financial-ratios/debt-to-equity-ratio Fixed Asset Turnover Ratio. (n.d.). Retrieved 2015, from Investopedia: https://www.investopedia.com/terms/f/fixed-asset-turnover.asp Formulae for calculating IRR in excel. (n.d.). Retrieved 2015, from Investopedia: https://www.investopedia.com/ask/answers/022615/what-formula-calculating-internal-rate-return-irr-excel.asp Formulae for computing NPV in Excel. (n.d.). Retrieved 2015, from Investopedia: https://www.investopedia.com/ask/answers/021115/what-formula-calculating-net-present-value-npv-excel.asp Gross Profit Ratio. (n.d.). Retrieved 2015, from Accounting Tools: https://go.microsoft.com/fwlink/?LinkId=129791 How to analyze acquisition? (n.d.). Retrieved 2015, from WikiHow: https://www.wikihow.com/Analyze-an-Acquisition Jan, I. (2013). ARR. Retrieved 2015, from Accounting Explained: https://accountingexplained.com/managerial/capital-budgeting/arr Net Profit Ratio. (n.d.). Retrieved 2015, from Accounting Tools: https://www.accountingtools.com/net-profit-ratio Nordmeyer, B. (n.d.). Why is Cash Budgeting important for the organization? Retrieved 2015, from azcentral: https://yourbusiness.azcentral.com/cash-budgeting-important-organization-24074.html NPV IRR. (2013). Retrieved 2015, from Investopedia: https://www.investopedia.com/exam-guide/cfa-level-1/corporate-finance/npv-net-present-value-irr-internal-rate-of-return.asp Performance Based Budgetting. (2015, april 24). Retrieved june 2015, from wikipedia: https://en.wikipedia.org/wiki/Performance-based_budgeting Return On Capital Employed. (n.d.). Retrieved 2015, from My accounting courses: https://www.myaccountingcourse.com/financial-ratios/return-on-capital-employed Return on equity ratio. (n.d.). Retrieved 2015, from my accounting course: https://www.myaccountingcourse.com/financial-ratios/return-on-equity What is Budgeting? (n.d.). Retrieved 2015, from My money coach: https://www.mymoneycoach.ca/budgeting/what-is-a-budget-planning-forecasting

Jackson 1 Essays (2752 words) - Cuba, Americas, Politics

Jackson 1 What impact did the Cuban revolution have on Afro-Cubans and race relations in Cuba? Describe the experience of African American radicals and nationalists in Cuba. In March 1959, two months after the conquest of state power, Castro broke the conspiracy of silence on racism in Cuba by confronting it head on. His first step was to abolish the old private school system and establish a well-funded public school system that was completely integrated. Economic and social conditions for Blacks improved dramatically when the revolutionary government decreed the Agrarian Reform and Urban Reform Laws, which gave the land to small farmers, and lowered ren ts in the cities by 50 percent. Laws were enacted and enforced prohibition discrimination in jobs, scho ols, housing, and medical care. In Cuba, race prejudice would be a punishable offense. Official Cuban census figures say black and mixed-heritage people are about 35 percent of the island's population, but a quick stroll around any Cuban town will provide visual confirmation of just how many Cubans of color deem themselves "white" . That may not be surprising, given that r ace is not an objective scientific category, but rather an organizing principle of political power both before and after the revolution that brought Fidel Castro to power. Cuba (pre-Fidel) had been a place where multiracial alliances coexisted with persistent, entrenched rac ism and vast racial inequality. The last pre-revolutionary president, Fulgencio Batista, was a mulatto who may have had some Chinese and Indian blood. While he may have firmly ruled that system of inequality, he was, demographically speaking, more inclusive than were the white revolutionaries who overthrew him. But once the rebels won and tens of thousands of the wealthiest whites fled to Florida, Castro emphasized independence from American capitalism, improvements in healthcare, and literacy drives and he also told Jackson 2 American journalists in January 1959 that his new government would work to erase racial d iscrimination once and for all. In 1962, a North American survey found that 80 percent of black Cubans were wholly in favor of the revolution, compared to 67 percent of whites. The ensuing years saw visible gains towards social equality. The entire country was literate, regardless of color, a nd the 1980s, saw a generation of young black Cubans whose parents had been sugarcane and service workers enter the workforce as doctor s, engineers and professionals. Still, despite major economic and social gains, b lack Cubans remained unrepresent ed in the political leadership. In the years between Castro's ascendance and the 1991 collapse of the Soviet Union, race was an issue kept under the rug. During the Black Power Movement, the African American organization that established the most significant relations with Cuba was the Black Panthe r Party. The B lack P anther P arty was a radical Marxist organization which was inspired by the Cuban rev olution. Huey P. Newton, cof ounder with Bobby Seale of the Black Panther Party , wrote in his autobiography: "For Castro guerrilla warfare was a good form of propaganda. Walking armed through R ichmond was our propaganda". For many Black Panthers , Cuba symbolized a perfect example of how a socialist system could succeed in offering equal oppor tunities to all its citizens. Socialist Cuba also became a safe place for those panthers who wanted to escape from the illegal activities of John Edgar Hoover's Counter Intelligence Program, a nd starting from 1967-68 many members of the Black Panther Party m embers went into exile in Cuba. Among the African Americans in exile in Cuba there were some of the most prominent leaders of the Black Power Movement such as Eldridge Cleaver, Hu ey P. Newton and Assata Jackson 3 Shakur. Cleaver came to Cuba in 1968 to avoid arrest and sp ent eight months on the island. His story is particularly interesting because, as the Minister of Information of the B lack P anther P arty , he had high expectations from the alliance with the Cuban government: he hoped that the Cubans would organize a military camp for the training of Af rican American revolutionaries. The project failed because the Cubans decided not to transform their political support for the African American