Conjugation Tables for the Italian Verb Abitare (To Live in)

Conjugation Tables for the Italian Verb Abitare (To Live in) Abitare is a regular  first-conjugation Italian verb, meaning to live in, inhabit, or dwell in. It is a transitive verb, so it takes a  direct object. Conjugating Abitare The table gives the pronoun for each conjugation- io  (I),  tu  (you),  lui, lei  (he, she),  noi  (we),  voi  (you plural), and loro  (their). The tenses and moods are given in Italian- passato  prossimo  (present perfect),  imperfetto  (imperfect),  trapassato   prossimo  (past perfect)  passato   remoto  (remote past),  trapassato  remoto  (preterite perfect),  futuro  semplice  (simple future), and  futuro  anteriore  (future perfect)- first for the  indicative, followed by the subjunctive, conditional, infinitive, participle, and gerund forms. Indicative Presente io abito tu abiti lui, lei, Lei abita noi abitiamo voi abitate loro, Loro abitano Imperfetto io abitavo tu abitavi lui, lei, Lei abitava noi abitavamo voi abitavate loro, Loro abitavano Passato Remoto io abitai tu abitasti lui, lei, Lei abit noi abitammo voi abitaste loro, Loro abitarono Futuro Semplice io abiter tu abiterai lui, lei, Lei abiter noi abiteremo voi abiterete loro, Loro abiteranno Passato Prossimo io ho abitato tu hai abitato lui, lei, Lei ha abitato noi abbiamo abitato voi avete abitato loro, Loro hanno abitato Trapassato Prossimo io avevo abitato tu avevi abitato lui, lei, Lei aveva abitato noi avevamo abitato voi avevate abitato loro, Loro avevano abitato Trapassato Remoto io ebbi abitato tu avesti abitato lui, lei, Lei ebbe abitato noi avemmo abitato voi aveste abitato loro, Loro ebbero abitato Future Anteriore io avr abitato tu avrai abitato lui, lei, Lei avr abitato noi avremo abitato voi avrete abitato loro, Loro avranno abitato Subjunctive/Congiuntivo Presente io abiti tu abiti lui, lei, Lei abiti noi abitiamo voi abitiate loro, Loro abitino Imperfetto io abitassi tu abitassi lui, lei, Lei abitasse noi abitassimo voi abitaste loro, Loro amassero Passato io abbia abitato tu abbia abitato lui, lei, Lei abbia abitato noi abbiamo abitato voi abbiate abitato loro, Loro abbiano abitato Trapassato io avessi abitato tu avessi abitato lui, lei, Lei avesse abitato noi avessimo abitato voi aveste abitato loro, Loro avessero abitato Conditional Presente io abiterei tu abiteresti lui, lei, Lei abiterebbe noi abiteremmo voi abitereste loro, Loro abiterebbero Passato io avrei abitato tu avresti abitato lui, lei, Lei avrebbe abitato noi avremmo abitato voi avreste abitato loro, Loro avrebbero abitato Imperative/Imperativo Presente abita abiti abitiamo abitate abitino Infinitive/Infinito Presente abitare Passato avere abitato Participle/Participio Presente abitante Passato abitato Gerund/Gerundio Presente abitando Passato avendo abitato Understanding  First-Conjugation Verbs First-conjugation Italian verbs like  abitare  are the easiest to learn and conjugate.  Verbs with infinitives ending in  -are  are called first conjugation, or  -are, verbs. To conjugate the present tense of a regular -are  verb, for example, drop the infinitive ending  -are  and add the appropriate endings to the resulting stem. To form the first-person present tense of  abitare, drop the  -are  and add the correct ending (o)  to the stem,  abit-, to get  abito, which means I live in. To form the second-person present tense, use the same method: drop the -are and add the appropriate ending (i) to form abiti. Use the above tables to learn conjugations for abitare  in other tenses and moods.

Interview in Cyberlaw Assignment Example | Topics and Well Written Essays - 500 words

Interview in Cyberlaw - Assignment Example Adult 2: Am not happy with such sites since they do give some private information about a person which can sometimes create scandals in their lives. Also, one cannot control the information such sites are giving unless by use of law and this may cost one a lot of money and time. Adult 1: Yes the Federal Government should implement laws dealing on the way companies use ones personal information. For example, it should limit the company’s rights on posting their employee’s credit card information, family members’ information as well as social security number. Adult 2: The federal government should implement such laws as by doing so companies will have to consult their employees before posting some personal information. For instance, the government should include that a company should not to post any personal information regarding an employee’s financial status. Adult 2: I think the company should be the one held responsible. Let’s say the information given about any person contradicts the law, the organisation posting the information is the one that should be held responsible and not the individual. This should serve as a way of restricting the information that companies post concerning their employees. I would advice employees to be very careful when giving their personal information to the employer as they can find the information at any time in the

Philosophy by Donald Norman Essay Example | Topics and Well Written Essays - 1250 words

Philosophy by Donald Norman - Essay Example o be on par with more outward-directed, scientific positivist approaches, Moreover, on rigor, one can see that developments in phenomenological approaches have come to see how the physical and biological sciences, among other hard sciences, can be married successfully with phenomenological approaches. Such is the case with approaches that tie human neurology and psychology with the consciousness and general phenomenological studies. To put it simply, with the progress in the philosophy of experience and the wealth of on-going philosophizing on phenomenological approaches, experienceology can be said to stand on solid ground, on equal if not superior footing to positivist approaches (Smith, 2008). There is a case to be made therefore for considering Norman's move away from what he sees as a strictly scientific and positivist approach to reality and to living life as really not a degradation but rather an improvement. In a way, looking at the depth of the phenomenological philosophical approaches and the literature tied to that, one can say that the latter is more encompassing and more exhaustive in its regard for reality, not limiting that reality lens to a narrow focus on external laws and realities, but takes in subjective experience too, as a valid input, and in fact the central input in philosophical discourse. As such too, the shift by Norman can be construed as a shift towards a more natural way of living life, taking off as it does from natural subjective experience, and finding sufficient ground to establish a rigorous philosophical foundation on which to support that way of viewing and living life. It is essential and in many ways personal and more easily verified in some ways, closer to our experience of who we are (Smith, 20008; Bourdeau, 2011): Furthermore,...Philosophy is about discerning the nature of things and how best to live life, in a way, and the insights into such inquiries inform the way our governments our formed, the way our societies pla ce value on the academic disciplines that matter to our daily lives, and shape even the way we relate to each other and enjoy our rights. They inform our justice system, how we keep social order, and how we punish and reward people. Philosophy organizes our legal system and benefits it with the wisdom of the collective philosophical musings reflected in legal decisions and laws handed to us from many generations of being exposed to human affairs. Philosophy and the insights from our philosophical giants inform the way we trade with each other, the way we organize commerce, and the way we relate with our neighboring states. Philosophy also reflects in a very profound way how we view the world and our place in the grand scheme of things, and in this sense is not very far removed from our deepest religious convictions and experience of the divine. Philosophy informs our understanding of consciousness and how and why we experience what we experience in the world too. The hard sciences, from biology to physics, as well as the soft sciences, such as psychology, also all benefit from and are informed by our philosophical views.

Coming of age is a prominent theme in Her First Ball by Katherine Mansfield Essay Example for Free

Coming of age is a prominent theme in Her First Ball by Katherine Mansfield Essay Coming of age is a prominent theme in ‘Her First Ball’ by Katherine Mansfield. It is expressed in the plot, wherein an adolescent girl attends her first ball and is fascinated and thrilled by it all. Her hopes are then let down by an older gentleman who cruelly reminds her that she will soon be an old lady with no happiness and excitement left in her life. Mansfield depicts the theme of growing up in title, language, literary devices and characterization. The title, ‘Her First Ball’, clearly states the subject of the story while maintaining the implications of growth and ageing. The use of the pronoun, ‘her’, instead of the name, Leila, shows how ubiquitous this process- how every woman has had a first ball that is a milestone in their journey to adulthood. This reiterates the notion that Leila, like everyone else will grow up and will no longer be the ecstatic young girl in awe of everything, whether it be for better or worse. The word ‘first’ implies youth and the change that comes with ageing. It suggests many more balls and experiences to come and marks this incident as a milestone in her life. Another technique Mansfield uses to express the theme of growing up in the story is the language. The language in ‘Her First Ball’ is extremely descriptive and ornate. She uses irony in ‘I can’t see a single invisible hairpin!’. This adds to the humor of the story. This also suggests the idiocy and stupidity of the youth, lost in the thrilling chaos of the ball. Mansfield also uses elaborate phrases to capture the magnificence of the ball and how Leila feels about it such as the alliterative phrase, ‘gleaming golden floor’. The words ‘gleaming’ and ‘golden’ both represent an epitome of beauty and splendor that is contrasted with descriptions from Leila’s school. The phrase ‘ dusty smelling hall- with calico texts on the wall’ provides a juxtaposition between Leila’s past and her present to show beyond doubt the changes in her life as she ages. An additional aspect of language that brings out the significant experience of the ball is the register used in ‘Her First Ball’. It is one of informal 18th century British English. Mansfield uses words and phrases such as ‘Twig’, ‘Oh, I say’ and ‘Pardon’. This adds to the authenticity of he story and emphasizes the setting and time. The tone used in ‘Her First Ball’ changes often in the story, which adds to the notion of change and growth. Although, it’s a third person narrative, it captures Leila’s feeling very effectively in the tone. At the start of the story, the tone is one of excitement and anxiety. Leila feels unsure yet thrilled about how the ball will be and also feels slightly out of place being a country girl. She expresses her doubts and the tone is also one of wistfulness and longing to be like everyone else. As the story progresses, the tone becomes more ecstatic and admiring of the ball. The hall, the people and the experience is absolutely thrilling to Leila. This excitement is represented in the tone until she converses with the fat, old man. He reminds her that this is only temporary and this happiness will soon be replaced with a feeling of sadness and longing to be youthful once again. This brings upon a new tone into the story- one of dismay and dread. Leila knows it’s inevitable and her visions of a life of joy and come crashing down. However, the tone soon changes to one of renewed happiness and everlasting joy. The music changes to something better and she loses herself in the dance, forgetting the words of the fat man; forgetting him altogether. The frequent changes in tone conceivably represent the changes in life that come with ageing and development. The music plays an important part in the story, mirroring the feelings of Leila. ‘with rabbit ears thumping the cold piano’ is a description of Leila’s boarding school dance lessons that were uncomfortable and a drag to her. This contrasts with ‘a soft, melting, ravishing tune’. The words chosen describe the music as an art or even as a food- ‘soft’, ‘melting’. This shows the overwhelming joy Leila feels in the fantastic ball. However, after the fat old man reminds Leila of her fate, ‘the music seemed to change; it sounded sad, sad’. The music that once ‘rose upon a wave’ now ‘rose upon a sigh’. This illustrates the quick changes in mood symptomatic of the youth, the gullibility and naivety as well. Even more so, Leila doesn’t even recognize him with the advent of another dance and has forgotten her dreadful encounter, which adds to the notion of the growing up and the mercurial c hanges in adolescence. Perhaps the most potent techniques to show the theme of ageing are the literary devices used. Mansfield uses an array of similes, metaphors and imagery to capture the scene and Leila’s emotions. The metaphor ‘all became one beautiful flying wheel’ expresses Leila’s intense happiness and high spirits. The old man, the antagonist, is described with the simile ‘ his coat looked as if it was dusty with French chalk’. It shows his lack of involvement in the ball and in it’s customs that comes with age. Another sign of this is when Leila’s partners ‘were not more interested’ and joyful about the ball as she was. This shows the inevitable mellowing down that Leila will, like everybody else, achieve. The author also uses visual imagery at the end of the story to show how the reminder of the inexorable affects Leila. Although she is initially dissatisfied, she soon notices that ‘the stars they had long beams like windâ⠂¬â„¢. This phrase with striking visual imagery marks the end of her short period of unhappiness and signifies her change in mood to once again being delighted. This leads to an important idea in the story, that adds to the characterization of Leila. The old man’s attempt to remind her of her destiny, however cruelly done, is quite true. Leila remembers this for only a short period of time before returning to her admiring self. This shows that the reminder of her future has fallen on deaf ears and that Leila is so intent on having a good time she forgets her worries and perhaps that she simply doesn’t consider the advisory anything more than a bitter man’s negative opinion. Her lack of heed to her wake up call indicates the naivety of the youth. She is quick to forget unpleasant experiences rather than to learn from them and ignores the prospect of growing up entirely as it upsets her. An important idea in the story is one of symbolism. There are many symbols in the story, Leila being on of youth. She represents the curiosity and happiness of adolescence along with the gullibility and inanity. She lives in the present, which is seen both positively and negatively in the story. Her ability to concentrate on the current happenings result in her extreme joy and thrill from the dancing and fun of the ball but also result in her sadness on meeting the fat man. The ball changes from her heaven to a place where she must face her inexorable depressing fate. However, it is this quality of hers that leads her to forget her bad memory and move on to the pleasures of life, even if they are short lived. The Old man on the other hand, could be a symbol of wisdom. When he first meets her he says ‘ Do I remember this bright little face’ although he’s obviously never seen her before. This creates an atmosphere of eerie knowledge around him. His shabby appearance and the fact that he dances with the youth despite his age sets him apart from the rest of the gentlemen and marks him as different. His age, his correct conjecture that it’s Leila’s first ball and his accurate prediction of her future signifies that he perhaps plays the role of a symbol of wisdom and knowledge. The fact that Leila forgets him suggests her immaturity and her inability to see past the present. Thus, Mansfield perhaps tries to achieve the notion of the pettiness and fatuity as well as happiness and celebration of the youth in the story and its contents. She uses the plot to describe an incident where Leila is at her most happy and later, probably her least. The ending of the story shows Leila’s resilience, or rather, her ignorance. While centered on the theme of coming of age, I feel that Mansfield used the many effective literary techniques and the conclusion of the story to show that Leila has, essentially, not matured.

Becoming Hero in William Shakespeares Hamlet Essay -- William shakesp

Becoming Hero in William Shakespeare's Hamlet The hero; the most dominant of archetypes throughout time and culture, is represented in the following description of the basic unit of the monomyth by the mythic scholar Joseph Campbell, â€Å" A hero ventures forth from the world of common day into a region of supernatural wonder: fabulous forces are there encountered and a decisive victory is won: the hero comes back from this mysterious adventure with the power to bestow boons on his fellow man." It is in this light that we moderns as well as our ancestors have given life and formation to our universal struggles. By representing the greater tribe, community, country, etc†¦ each story has within it, a character who leads and who undertakes that primordial journey toward a destination that will ultimately restore vitality or provide that elixir to her people, which is so needed. However complex, our world has brought forth several thousand variations on the hero itself, with as many problems and hopes as a people might have, so too does the heroic character of a culture embody them. Yet, as complicated and nuanced and non-traditional a society’s representative hero might be, the character of Hamlet seems to be the most unique in that more than creating an anti-hero who still provides in some way for his people, albeit in a way that bucks societies’ cultural norms, Shakespeare has created his story around a man who destroys rather than builds and a hero who subverts the archetype so much, that the basic tenants of heroic description must be altered in order to recognize him at all for what he seems to be. In the traditions of the hero archetype, the journey of the hero follows a path that can be symbolized by the markers of d... ...es, directed towards him, at which he is powerless to defend. At the burial scene, where Hamlet has unwittingly encountered death, first with the accidental discovery of Yorick, and then with the accidental discovery of Ophelia, he is forced into a plot not of his own doing. By returning from England with thoughts of action and of blood on his mind, he has been placed in the direct pathway of the revenge of Laertes for the death of his father. Used by Claudius, Laertes is imbued with his own hatred as well as the intellectual powers of the King. By juxtaposing Hamlet and Laertes over the grave of Ophelia, Shakespeare has created a scene where Hamlet has lost sight of his true mission again, this time to prove his skills of articulation and of false mourning for his tormented lover, â€Å"Forty thousand brothers Could not, with all their quantity of love, Make up my sum."

Financial Ratios for East Coast Yachts

Question 1: Financial ratios for East Coast Yachts: Current ratio| =| Current Assets| | | Debt-equity ratio| =| Total liabilities| | | Current Liabilities| | | | | Total equity| | =| $14,651,000 | | | | =| $19,539,000 + $33,735,000| | | $19,539,000 | | | | | $55,341,000 | | =| 0. 75| | | | =| 0. 96| | | | | | | | | | | | | | | | | Quick ratio| =| Current Assets – Inventory| | | Equity multiplier| =| Total assets| | | Current Liabilities| | | | | Total equity| | =| $14,651,000 – $6,136,000| | | | =| $108,615,000 | | | $19,539,000 | | | | | $55,341,000 | | =| 0. 44| | | | =| 1. 96| | | | | | | | | | | | | | | | Total asset turnover| =| Sales| | | Interest coverage| =| EBIT| | | Total Assets| | | | | Interest| | =| $167,310,000 | | | | =| $23,946,000 | | | $108,615,000 | | | | | $3,009,000 | | =| 1. 54| | | | =| 7. 96| | | | | | | | | | | | | | | | | Inventory turnover| =| COGS| | | Profit margin| =| Net Income| | | Inventory| | | | | Sales| | =| $117,910,000 | | | | =| $1 2,562,200 | | | $6,136,000 | | | | | $167,310,000 | | =| 19. 22| | | | =| 7. 51%| | | | | | | | | | | | | | | | | Receivables turnover| =| Sales| | | Return on assets| =| Net Income| | | Accounts receivable| | | | | Total assets| =| $167,310,000 | | | | =| $12,562,200 | | | $5,473,000 | | | | | $108,615,000 | | =| 30. 57| | | | =| 11. 57%| | | | | | | | | | | | | | | | | Debt ratio| =| Total assets – Total equity| | | Return on equity| =| Net Income| | | Total assets| | | | | Total equity| | =| $108,615,000 – $55,341,000| | | | =| $12,562,200 | | | $108,615,000 | | | | | $55,341,000 | | =| 0. 49| | | | =| 22. 70%| | | | | | | | | | | | | | | | | Question 2: | | East Coast Yachts| | Yacht Industry Ratios| | | | | Lower Quartile| Median| Upper Quartile| Current ratio| | 0. 75| | 0. 50| 1. 43| 1. 9| Quick ratio| | 0. 44| | 0. 21| 0. 38| 0. 62| Total asset turnover| | 1. 54| | 0. 68| 0. 85| 1. 38| Inventory turnover| | 19. 22| | 4. 89| 6. 15| 10. 89| Receivables turnover| | 30. 57| | 6. 27| 9. 82| 14. 11| Debt ratio| | 0. 49| | 0. 44| 0. 52| 0. 61| Debt-equity ratio| | 0. 96| | 0. 79| 1. 08| 1. 56| Equity multiplier| | 1. 96| | 1. 79| 2. 08| 2. 56| Interest coverage| | 7. 96| | 5. 18| 8. 06| 9. 83| Profit margin| | 7. 51%| | 4. 05%| 6. 98%| 9. 87%| Return on assets| | 11. 57%| | 6. 05%| 10. 53%| 13. 21%| Return on equity| | 22. 70%| | 9. 93%| 16. 54%| 26. 15%|The liquidity ratio shows that the company has less liquidity as compare to the whole industry. East Coast Yachts current ratio is below the median industry ratio and the quick ratio is positioned at the median industry ratio. This indicates that the company may access to short-term borrowing. Referring to the turnover ratio, all the three ratios, I. e. total asset turnover, inventory turnover and receivables turnover are higher than upper quartile industry ratio. This indicates that the company is more efficient among the whole industry in using its assets to generate sales.The financial levera ge ratios, which include the debt ratio, debt-equity ratio, equity multiplier and interest coverage, are all below the median industry ratio, but higher than the lower quartile. This shows that East Coast Yachts is having less debt than the other companies in the industry, but is still within the normal range. The profit margin, return on assets as well as return on equity of the company are higher than the industry median. This shows that the company’s profitability is performing well among the whole industry.As an overall, East Coast Yachts is performing well in the industry, while more concentration would only be required to be placed on the liquidity ratios. Question 3: Return on equity = 22. 70% Retention ratio (b)| =| Net income – Dividends| | | Net Income| | =| $12,562,200 – $7,537,320| | | $12,562,200 | | =| 40%| Sustainable growth rate (SGR) = Return on equity x Retention ratio = 22. 70% x 0. 4 = 9. 08% Increase in assets| =| Assets| x| ? Sales| | | Sal es| | | | =| $108,615,000 | x| (167,310,000 x 9. 08%)| | | $167,310,000 | | | | =| $9,862,242. 00 | | | | | | | |Increase in spontaneous liabilities| =| Spontaneous liabilities| x| ? Sales| | | Sales| | | | =| $6,461,000 | x| (167,310,000 x 9. 08%)| | | $167,310,000 | | | | =| $ 586,658. 80 | | | | | | | | Retention ratio (b)| =| Addition to RE| | | | | Net income| | | | =| $5,024,880 | | | | | $12,562,200 | | | | =| 40%| | | | | | | | Profit margin| =| Net income| | | | | Sales| | | | =| $12,562,200 | | | | | $167,310,000 | | | | =| 8%| | | | | | | | Increase in equity| =| PM x Projected sales x retention ratio| | =| 8% x ($167,310,000 x 1. 0908) x 0. 4| | =| $5,840,055. 94 | | | | | | | | External Funds Needed (EFN)| =| Increase in assets – Increase in spontaneous liabilities – Increase in equity| | =| $9,862,242. 00 – $586,658 – $5,840,056| | =| $3,435,527. 26 | | | | | | | | | | | | | East Coast Yachts| | | Pro forma Income Statement| | | Sales| | 182 ,501,748| | | Cost of goods sold| | 128,616,228| | | Other expenses| | 21,809,455| | | Depreciation| | 5,460,000| (Assume constant)| Earnings before interest and taxes (EBIT)| 26,616,065| | | Interest| | 3,009,000| (Assume constant)|Taxable income| | 23,607,065| | | Taxes (40%)| | 9,442,826| | | Net Income| | 14,164,239| | | Dividends| | 8,221,709| | | Addition to RE| | 5,481,139| | | | | | | | East Coast Yachts| | | Pro forma Balance Sheet| | | Assets| | | | | Current assets| | | | | Cash| | 3,318,214| | | Accounts receivable| | 5,969,948| | | Inventory| | 6,693,149| | | Total| | 15,981,311| | | Fixed assets| | | | | Net plant and equipment| | 102,495,931| | | | | | | | | | | | | Total assets| | 118,477,242| | | | | | | | Liabilities| | | | | Current liabilities| | | | | Accounts payable| | 7,047,659| | | Notes payable| | 14,265,482| | |Total| | 21,313,141| | | | | | | | Long term debt| | 33,735,000| | | | | | | | Shareholders' equity| | | | | Common stock| | 5,200,000| | | Retaine d earnings| | 54,693,803| | | Total equity| | 59,893,803| | | | | | | | Total liabilities and equity| | 114,941,944| | | | | | | | EFN| | 3,535,298| | | Current ratio| =| Current Assets| | Debt-equity ratio| =| Total liabilities| | | Current Liabilities| | | | Total equity| | =| $15,981,311 | | | =| $21,313,141 + $33,735,000| | | $21,313,141 | | | | 59,893,803 | | =| 0. 75| | | =| 0. 92| | | | | | | | | | | | | | |Quick ratio| =| Current Assets – Inventory| | Equity multiplier| =| Total assets| | | Current Liabilities| | | | Total equity| | =| $15,981,311 – $6,693,149| | | =| $118,477,242 | | | $21,313,141 | | | | $59,893,803 | | =| 0. 44| | | =| 1. 98| | | | | | | | | | | | | | | Total asset turnover| =| Sales| | Interest coverage| =| EBIT| | | Total Assets| | | | Interest| | =| $182,501,748 | | | =| $26,616,065 | | | $118,477,242 | | | | $3,009,000 | | =| 1. 54| | | =| 8. 85| | | | | | | | | | | | | | | Inventory turnover| =| COGS| | Profit margin| =| Net Income| | | Inventory| | | | Sales| =| $128,616,228 | | | =| $14,164,239 | | | $6,693,149 | | | | $182,501,748 | | =| 19. 22| | | =| 7. 76%| | | | | | | | | | | | | | | Receivables turnover| =| Sales| | Return on assets| =| Net Income| | | Accounts receivable| | | | Total assets| | =| $182,501,748 | | | =| $14,164,239 | | | $5,969,948 | | | | $118,477,242 | | =| 30. 57| | | =| 11. 96%| | | | | | | | | | | | | | | Debt ratio| =| Total assets – Total equity| | Return on equity| =| Net Income| | | Total assets| | | | Total equity| | =| $118,477,242 – $59,893,803| | | =| $14,164,239 | | | $118,477,242 | | | | $59,893,803 | | =| 0. 49| | | =| 23. 5%| | | East Coast Yachts| | | Original ratios| | Based on pro forma| Current ratio| | 0. 75| | 0. 75| Quick ratio| | 0. 44| | 0. 44| Total asset turnover| | 1. 54| | 1. 54| Inventory turnover| | 19. 22| | 19. 22| Receivables turnover| | 30. 57| | 30. 57| Debt ratio| | 0. 49| | 0. 49| Debt-equity ratio| | 0. 96| | 0. 92| Equity multiplier| | 1. 96| | 1. 98| Interest coverage| | 7. 96| | 8. 85| Profit margin| | 7. 51%| | 7. 76%| Return on assets| | 11. 57%| | 11. 96%| Return on equity| | 22. 70%| | 23. 65%| As noted from above, the liquidity and turnover ratio will remain constant assuming growth precisely at 9. 8%. Debt-equity ratio will decreased slightly while equity multiplier and interest coverage increased, assuming interest remain constant. Slight improvement also noted from profit margin, return on assets and return on equity. Question 4: Growth rate| | 20%| | | | | | | | Increase in assets| =| Assets| x| ? Sales| | | Sales| | | | =| $108,615,000 | x| (167,310,000 x 20%)| | | $167,310,000 | | | | =| 21,723,000. 00 | | | | | | | | Increase in spontaneous liabilities| =| Spontaneous liabilities| x| ? Sales| | | Sales| | | | =| $6,461,000 | x| (167,310,000 x 20%)| | $167,310,000 | | | | =| $1,292,200. 00 | | | | | | | | Retention ratio (b)| =| Addition to RE| | | | | Net income| | | | =| $5,024,880 | | | | | $12,562 ,200 | | | | =| 40%| | | | | | | | Profit margin| =| Net income| | | | | Sales| | | | =| $12,562,200 | | | | | $167,310,000 | | | | =| 8%| | | | | | | | Increase in equity| =| PM x Projected sales x retention ratio| | =| 8% x ($167,310,000 x 1. 2) x 0. 4| | | =| $6,424,704. 00| | | | | | | | External Funds Needed (EFN)| =| Increase in assets – Increase in spontaneous liabilities – Increase in equity| | =| $21,723,000. 0 – $1,292,200. 00 – $6,424,704. 00| | =| $14,006,096. 00| | | | | | | | | | | | | | | | | | East Coast Yachts| | | Pro forma Income Statement| | | Sales| | 200,772,000| | | Cost of goods sold| | 141,492,000| | | Other expenses| | 23,992,800| | | Depreciation| | 5,460,000| (Assuming constant)| Earnings before interest and taxes (EBIT)| 29,827,200| | | Interest| | 3,009,000| (Assuming constant)| Taxable income| | 26,818,200| | | Taxes (40%)| | 10,727,280| | | Net Income| | 16,090,920| | | Dividends| | 9,044,784| | | Addition to RE| | 6,029,85 6| | | | | | | | East Coast Yachts| | |Pro forma Balance Sheet| | | Assets| | | | | Current assets| | | | | Cash| | 3,650,400| | | Accounts receivable| | 6,567,600| | | Inventory| | 7,363,200| | | Total| | 17,581,200| | | Fixed assets| | | | | Net plant and equipment| | 112,756,800| | | | | | | | | | | | | Total assets| | 130,338,000| | | | | | | | Liabilities| | | | | Current liabilities| | | | | Accounts payable| | 7,753,200| | | Notes payable| | 15,693,600| | | Total| | 23,446,800| | | | | | | | Long term debt| | 33,735,000| | | | | | | | Shareholders' equity| | | | | Common stock| | 5,200,000| | |Retained earnings| | 60,169,200| | | Total equity| | 65,369,200| | | | | | | | Total liabilities and equity| | 122,551,000| | | | | | | | EFN| | 7,787,000| | | | | East Coast Yachts| | | Original ratios| | Growth @9. 08%| | Growth @20%| Debt-equity ratio| | 0. 96| | 0. 92| | 0. 87| Equity multiplier| | 1. 96| | 1. 98| | 1. 99| Interest coverage| | 7. 96| | 8. 85| | 9. 91| Profit margin| | 7. 51%| | 7. 76%| | 8. 01%| Return on assets| | 11. 57%| | 11. 96%| | 12. 35%| Return on equity| | 22. 70%| | 23. 65%| | 24. 62%| The growth rate of 20% indicates that the EFN is $7,787,000.Debt-equity ratio will decrease by 0. 05. The profit margin, return on assets and return on equity shows improvement if the expansion plan was taken up, assuming interest and depreciation remain constant. The further expansion may be taken up as it will bring improvement to the company’s profitability. Also, debt-equity ratio is still below 1 hence there is room for the expansion to be taken up. Question 5: Depreciation rate| =| Depreciation| | | | | PPE| | | | =| $5,460,000 | | | | | $93,964,000 | | | | =| 5. 81%| | | | | | | | Cost of new line| | 30,000,000| | |New depreciation charged| | 1,743,220. 81| | | | | | | | | | | | | East Coast Yachts| | | Pro forma Income Statement| | | Sales| | 200,772,000| (Assuming growth rate 20%)| Cost of goods sold| | 141,492,000| (Assuming growth rat e 20%)| Other expenses| | 23,992,800| (Assuming growth rate 20%)| Depreciation| | 1,743,221| | | Earnings before interest and taxes (EBIT)| | 33,543,979| | | Interest| | 3,009,000| (Assuming constant)| Taxable income| | 30,534,979| | | Taxes (40%)| | 12,213,992| | | Net Income| | 18,320,988| | | Dividends| | 9,044,784| | | Addition to RE| | 6,029,856| | | | | | | East Coast Yachts| | | Pro forma Balance Sheet| | | Assets| | | | | Current assets| | | | | Cash| | 3,650,400| | | Accounts receivable| | 6,567,600| | | Inventory| | 7,363,200| | | Total| | 17,581,200| | | Fixed assets| | | | | Net plant and equipment| | 141,013,579| | | | | | | | Total assets| | 158,594,779| | | | | | | | Liabilities| | | | | Current liabilities| | | | | Accounts payable| | 7,753,200| | | Notes payable| | 15,693,600| | | Total| | 23,446,800| | | | | | | | Long term debt| | 33,735,000| | | | | | | | Shareholders' equity| | | | | Common stock| | 5,200,000| | |Retained earnings| | 60,169,200| | | Total equity | | 65,369,200| | | | | | | | Total liabilities and equity| | 122,551,000| | | | | | | | New EFN| | 36,043,779| | | Existing EFN| | 7,787,000| | | Additional EFN| | 28,256,779| | | Depreciation charged from increase in fixed assets at SGR of 20% was $1,743,220. 81. The new plant would cost $30,000,000. The additional EFN would be $28,256,779. The total EFN would become $36,043,779. This would imply that the capacity utilization would be lower next year, since the new plant would expand capacity much more than the required under SGR.

International Trade

International Trade Trade Most economists believe in free trade – the movement of goods between countries in the absence of harsh restrictions placed upon this exchange. The comparative cost principle is that countries should produce whatever they can make the most cheaply. Countries will raise their living standards and income if they specialize in the production of the goods and services in which they have the highest relative productivity: the amount of output produced per unit of an input (e. g. raw material, labor). Specialization is a situation that occurs when individuals or businesses produce a narrow range of products. Countries can have an absolute advantage – so that they are the cheapest in the world, or a comparative advantage – so that they are only more efficient than some other countries in producing certain goods or services. This can be because they have raw materials, a particular climate, qualified labor (skilled workers), and economies of scale – reduced production costs because of large-scale production. Balance of payments Imports are goods or services bought from a foreign country. Exports are goods or services sold to a foreign country. A country that exports more goods than it imports has a positive balance of trade or a trade surplus. The opposite is a negative balance of trade or a trade deficit. Trade in goods is sometimes called visible trade (AmE: merchandise trade). Services such as banking, insurance and tourism are sometimes called invisible imports and exports. Adding invisibles to the balance of trade gives a country's balance of payments. Protectionism Government, unlike most economists, often wants to protect various areas of the economy. These include agriculture – so that the country is certain to have food – and other strategic industries that would be necessary if there was a war and international trade became impossible. Governments also want to protect other industries that provide a lot of jobs. Many governments impose tariffs or import taxes on goods from abroad, to make them more xpensive and to encourage people to buy local products instead. However, there are an increasing number of free trade areas, without any import tariffs, in Europe, Asia, Africa and the Americas and blocs such as: †¢The EEA: European Economic Area containing the European Union plus some other countries. †¢NAFTA: North America Free Trade Area: Canada, US and Mexico. The World Trade Organization (WTO) tries to encourage free trade a nd reduce protectionism: restricting imports in order to help local products. According to the WTO agreement, countries have to offer the same conditions to all trading partners. The only way a country is allowed to try to restrict imports is by imposing tariffs. Countries should not use import quotas – limits to the number of products which can be imported – or other restrictive measures. Various international agreement also forbid dumping – selling goods abroad at below cost price in order to destroy or weaken competitors or to earn foreign currency to pay for necessary imports. Globalizing trends The supporters of globalization, the way that the world's economy increasingly functions as one unit, say that it will continue to cause growth and prosperity to spread thanks to: †¢Free movement of capital: money for investment can be easily moved around the world †¢Trade liberalization: obstacles to international trade are gradually being removed. †¢Shipping costs that are ever-declining thanks to the efficiency of containerization. †¢Telecommunications and computing costs that have fallen dramatically. Fair trade The Fairtrade Foundation makes sure that producers and growers are paid a fair price, not just the market price, which can be catastrophically low. For example, prices can fall dramatically when there is overproduction around the world causing a glut in a particular commodity. Economic Crisis Economic crisis is marked by overpowering alarm, in financial or commercial circles, leading to a sudden and drastic restriction of credit and great shrinkage in commodity and property prices. A financial panic usually precipitates a wave of business failures and followed by a period of depression. International Trade International Trade Trade Most economists believe in free trade – the movement of goods between countries in the absence of harsh restrictions placed upon this exchange. The comparative cost principle is that countries should produce whatever they can make the most cheaply. Countries will raise their living standards and income if they specialize in the production of the goods and services in which they have the highest relative productivity: the amount of output produced per unit of an input (e. g. raw material, labor). Specialization is a situation that occurs when individuals or businesses produce a narrow range of products. Countries can have an absolute advantage – so that they are the cheapest in the world, or a comparative advantage – so that they are only more efficient than some other countries in producing certain goods or services. This can be because they have raw materials, a particular climate, qualified labor (skilled workers), and economies of scale – reduced production costs because of large-scale production. Balance of payments Imports are goods or services bought from a foreign country. Exports are goods or services sold to a foreign country. A country that exports more goods than it imports has a positive balance of trade or a trade surplus. The opposite is a negative balance of trade or a trade deficit. Trade in goods is sometimes called visible trade (AmE: merchandise trade). Services such as banking, insurance and tourism are sometimes called invisible imports and exports. Adding invisibles to the balance of trade gives a country's balance of payments. Protectionism Government, unlike most economists, often wants to protect various areas of the economy. These include agriculture – so that the country is certain to have food – and other strategic industries that would be necessary if there was a war and international trade became impossible. Governments also want to protect other industries that provide a lot of jobs. Many governments impose tariffs or import taxes on goods from abroad, to make them more xpensive and to encourage people to buy local products instead. However, there are an increasing number of free trade areas, without any import tariffs, in Europe, Asia, Africa and the Americas and blocs such as: †¢The EEA: European Economic Area containing the European Union plus some other countries. †¢NAFTA: North America Free Trade Area: Canada, US and Mexico. The World Trade Organization (WTO) tries to encourage free trade a nd reduce protectionism: restricting imports in order to help local products. According to the WTO agreement, countries have to offer the same conditions to all trading partners. The only way a country is allowed to try to restrict imports is by imposing tariffs. Countries should not use import quotas – limits to the number of products which can be imported – or other restrictive measures. Various international agreement also forbid dumping – selling goods abroad at below cost price in order to destroy or weaken competitors or to earn foreign currency to pay for necessary imports. Globalizing trends The supporters of globalization, the way that the world's economy increasingly functions as one unit, say that it will continue to cause growth and prosperity to spread thanks to: †¢Free movement of capital: money for investment can be easily moved around the world †¢Trade liberalization: obstacles to international trade are gradually being removed. †¢Shipping costs that are ever-declining thanks to the efficiency of containerization. †¢Telecommunications and computing costs that have fallen dramatically. Fair trade The Fairtrade Foundation makes sure that producers and growers are paid a fair price, not just the market price, which can be catastrophically low. For example, prices can fall dramatically when there is overproduction around the world causing a glut in a particular commodity. Economic Crisis Economic crisis is marked by overpowering alarm, in financial or commercial circles, leading to a sudden and drastic restriction of credit and great shrinkage in commodity and property prices. A financial panic usually precipitates a wave of business failures and followed by a period of depression.

The New Deal Essays - New Deal Agencies, Labour Economics, New Deal

The New Deal Essays - New Deal Agencies, Labour Economics, New Deal The New Deal During the 1930's, America witnessed a breakdown of the Democratic and free enterprise system as the US fell into the worst depression in history. The economic depression that beset the United States and other countries was unique in its severity and its consequences. At the depth of the depression, in 1933, one American worker in every four was out of a job. The great industrial slump continued throughout the 1930's, shaking the foundations of Western capitalism. The New Deal describes the program of US president Franklin D. Roosevelt from 1933 to 1939 of relief, recovery, and reform. These new policies aimed to solve the economic problems created by the depression of the 1930's. When Roosevelt was nominated, he said, "I pledge you, I pledge myself, to a new deal for the American people." The New Deal included federal action of unprecedented scope to stimulate industrial recovery, assist victims of the Depression, guarantee minimum living standards, and prevent future economic crises. Many economic, political, and social factors lead up to the New Deal. Staggering statistics, like a 25% unemployment rate, and the fact that 20% of NYC school children were under weight and malnourished, made it clear immediate action was necessary. In the first two years, the New Deal was concerned mainly with relief, setting up shelters and soup kitchens to feed the millions of unemployed. However as time progressed, the focus shifted towards recovery. In order to accomplish this monumental task, several agencies were created. The National Recovery Administration (NRA) was the keystone of the early new deal program launched by Roosevelt. It was created in June 1933 under the terms of the National Industrial Recovery Act. The NRA permitted businesses to draft "codes of fair competition," with presidential approval, that regulated prices, wages, working conditions, and credit terms. Businesses that complied with the codes were exempted from antitrust laws, and workers were given the right to organize unions and bargain collectively. After that, the government set up long-range goals which included permanent recovery, and a reform of current abuses. Particularly those that produced the boom-or-bust catastrophe. The NRA gave the President power to regulate interstate commerce. This power was originally given to Congress. While the NRA was effective, it was bringing America closer to socialism by giving the President unconstitutional powers. In May 1935 the US Supreme Court, in Schechter Poultry Corporation V. United States, unanimously declared the NRA unconstitutional on the grounds that the code-drafting process was unconstitutional. Another New Deal measure under Title II of the National Industrial Recovery Act of June 1933, the Public Works Administration (PWA), was designed to stimulate US industrial recovery by pumping federal funds into large-scale construction projects. The head of the PWA exercised extreme caution in allocating funds, and this did not stimulate the rapid revival of US industry that New Dealers had hoped for. The PWA spent $6 billion enabling building contractors to employ approximately 650,000 workers who might otherwise have been jobless. The PWA built everything from schools and libraries to roads and highways. The agency also financed the construction of cruisers, aircraft carriers, and destroyers for the navy. In addition, the New Deal program founded the Works Projects Administration in 1939. It was the most important New Deal work-relief agency. The WPA developed relief programs to preserve peoples skills and self-respect by providing useful work during a period of massive unemployment. From 1935 to 1943 the WPA provided approximately 8 million jobs at a cost of more than $11 billion. This funded the construction of thousands of public buildings and facilities. In addition, the WPA sponsored the Federal Theater Project, Federal Art Project, and Federal Writers' Project providing work for people in the arts. In 1943, after the onset of wartime prosperity, Roosevelt terminated the WPA. One of the most well known, The Social Security Act, created a system of old-age pensions and unemployment insurance, which is still around today. Social security consists of public programs to protect workers and their families from income losses associated with old age, illness, unemployment, or death. The Fair Labor Standards Act (1938) established a federal Minimum Wage and maximum-hours policy. The minimum wage, 25 cents per hour, applied to many workers engaged in interstate commerce. The law was intended to prevent

Convince Me! A Persuasive Writing Activity

Convince Me! A Persuasive Writing Activity ​As your child starts learning more complicated types of writing, she’ll be introduced to the idea of persuasive writing. If she’s the type of kid who frequently challenges or debates what you have to say, then the hardest part of persuasive writing will probably be the writing itself- she’s already working on the persuasion piece! The Convince Me! activity is an easy way for you and your child to practice persuasive writing at home, without the worry of getting a good grade. Persuasive writing puts the everyday challenges and debates into a written form. A good piece of persuasive writing explains the issue at stake, takes a position, and then explains the position and its opposing stance. Using facts, statistics and some common persuasive strategies, your child’s argument essay tries to convince the reader to agree with her. It may sound easy, but if your child doesnt hold her own well in arguments or has trouble doing research, she may need some practice to become convincing. What Your Child Will Learn (or Practice): Persuasive writingResearchAnalytical thinkingNegotiation and written communication Getting Started with the Convince Me! Persuasive Writing Activity Sit down with your child and talk about she needs to do to make somebody else see her side of an issue. Explain that while sometimes she argues, when she backs up what she’s saying with good reasons, what she’s really doing is convincing the other person, given the other person justification for seeing things her way.Prompt her to come up with some examples of situations in which she tried to change your mind about something she didnt agree with. For example, maybe she’s successfully negotiated an increase in her allowance. Tell her that the word for what she did was to persuade you, which means she was influencing what you thought or was convincing you to look at things differently.Together, brainstorm words and phrases that can to try to persuade someone and write them down. Talk about things that happen around the house that you and your child don’t always agree on. You may want to stick with topics that are not going to cause huge fights since this is supposed to be a fun activity. Some ideas to consider include: allowance, bedtime, how much screen time your child has daily, making her bed, the time frame in which laundry has to be put away, the division of chores between children, or what types of food she can eat for after-school snacks. (Of course, these are simply suggestions, there may be other issues that come up in your household that arent on that list.) Choose one and let your child know you might be willing to change your mind about it if she can write a convincing and persuasive essay explaining her reasoning. Make sure she knows her essay has to say what she thinks should happen and use some persuasive words, phrases and strategies.It is absolutely crucial to make sure to set the conditions under which you’ll give in. For example, maybe her goal is to try to convince you to change your mind about eating sugary cereal over the summer, not for the rest of her life. If she convinces you, you must live with the change. Set the rules for engagement first, and dont change them.Read the essay and consider her arguments. Talk to her about what you thought was convincing and which arguments didnt convince you (and why). If you’re not totally persuaded, give your child the opportunity to rewrite the essay with your feedback in mind. Note: Don’t forget, you really need to be prepared to make changes if your child is persuasive enough! It’s important to reward her if she writes a very good piece of persuasive writing.

Human Resource Management Essay Example | Topics and Well Written Essays - 2000 words - 5

Human Resource Management - Essay Example First of all, an international human resource management system ensures that positions are filled by appropriately qualified persons if there are no local nationals available. Secondly, it enables management development across borders. Thirdly, human resource management in multinational companies allow the building of linkages between the parent company and the international subsidiaries. This paper examines the critical factors that shape managers' choice in transferring the parent company's human rights management (HRM) to overseas subsidiaries. It identifies the influential forces that shape such choices and illustrates them with practical examples. To this end, the paper tries to fulfil the following objectives: 1. Identification of business strategy and structure that affects the choice of HRM systems for foreign branches of a business. 2. Analysis of external factors that affect a business' choice of human resource management transfer systems for an international business in it s overseas operations 3. Examination of implementation issues that affect the type of choices that HR managers of parent companies can make about the transfer of human resource management systems to overseas branches. Business Strategy & Structure & International Human Resource Management Choices Every MNC has to draw a balance between globalisation and localisation. Meier (2009) calls it a balance between standardisation and customisation. In other words, a business will have to either prescribe a set of uniform standards for all the international branches or allow international branches to develop their own local standards. In real life, a UK business that has international subsidiaries will have to decide whether the subsidiaries around the world will operate according to standards in the UK or create their own systems and methods. In the case of PriceWaterHouse Coopers, there is an international application of standards that exist in the UK head office. This is a globalised enti ty. On the other hand, KPMG exists as a group of independent accounting firm. Each national branch operates independent of the Swiss headquarters. According to Meier, the way this discourse exists in relation to human resource management transfer can best be examined on three fundamental levels. The strategy of a business in relation to whether it wants to go according to globalisation or localisation determines the policies of the business (Tempel, 2001 p115). In other words, the strategy determined by the top-level management set the tone for functional managers of strategic business units to come up with a policy. The policies determine the practice in the department. Thus, for the Human Resource department, the main determinant of the transfer of practices is the overall strategy of the business. The strategy determines the HRM activities of the business. This goes a long way to influence the transfer and other practices related to the overall tone of human resource management a nd its transfer. Strategy refers to the overall plans for a business determined by top level management with a view of guiding a company between the medium and long term (Cook, 2008 p76). Strategy is a critical element that affects the Human Resource Manager's choice of transferring company Human Resource Management to overseas management because it sets the framework between which the HR Manager operates. As such, the manager needs to remain within the scope of the

Essay on Business Opportunities Example | Topics and Well Written Essays - 2000 words

On Business Opportunities - Essay Example Now the AT & T Inc has retained around 45% of the sub companies that had occurred due to the lawsuit. The company is an international level telecommunication company that is head quartered in the United States of America. It is a multinational company that is currently operating in around 200 countries all over the world. It has it’s headquarter in Dallas, Texas. It is the second largest company that is providing both fixed and mobile telephony to the people of the United States of America. It’s ranking within United states of America is 7th according to the total revenue that it has and if the non oil companies are considered then it is the third largest company. They are a very well established company and have been titled by Forbes as the fourteenth largest company in the world due to the market value that it has. It has been listed as the ninth largest non oil company in the world according to the Forbes list. It is the twentieth largest company in the world of tele com companies and has in total around 100.7 million customers all over the world. It even gives broad band telecommunication television subscription service too. Its major market is in the North of America. The current Chairman of the AT & T is Randall Stephenson. Their revenue has been on an increasing trend and is currently around US$ 126.723 billion. There are around 256420 employees who are currently working for AT & T. AT&T Inc. is itself the chief trading company the shares are traded in the name of the At &T Inc. and the rest of the structure is as follows: Southwestern Bell  Telephone Company d/b/a AT&T Arkansas, AT&T Kansas, AT&T Missouri, AT&T Oklahoma, AT&T Southwest, AT&T Texas AT&T Tele holdings Illinois Bell  Telephone Company Indiana Bell  Telephone Company Michigan Bell  Telephone Company The  Ohio Bell  Telephone Company Pacific Bell  Telephone Company Nevada Bell  Telephone Company The  Southern New England Telephone  Company Wisconsin Bell, Inc . AT&T Corp. was acquired in 2005 with the name and the products. AT&T Alas com BellSouth  Corporation d/b/a AT&T South was acquired by the firm in 2006 BellSouth Telecommunications, AT&T Mobility Technological Opportunities Currently there has been a serious increase in the data traffic of the network. There has been an increase in the users as well. The company is doing quite well. As they are famous for investing a lot in the Research and development side of the business they have had constant innovation at their workplace and this has helped increase a lot of traffic for them. They were one of the first companies who actually switched from telephones to the wireless service and then ever since they have been working to enhance their services and get hold of better facilities and technologies that will actually help them compete in a better way in the fast paced world of today. The main issue that people have had is in relation with the quality of the calls and the frequency of the dropped calls. There are also rumors that Apple is actually looking for other networks as the AT & T have felt that they didn’t need the LTE development. The major problems started when the Apple company came up with their I phone 4s, and the AT & T were unable to fulfill their demands. It was then that the Apple Company started looking at other options like Verizon. The telephone companies today are actually looking