Friday, January 31, 2020
Glorious Celebration Essay Example for Free
Glorious Celebration Essay Maya Angelou, born Marguerite Johnson, is regarded as one of the celebrated American writers alive. Besides writing a lot of memorable works, she is also the subject of other authors who have written a lot about her life and works. There is her biography written by two of her friends, Marcia Gillespie and Richard Long, along with her nephew Rosa Butler. Mary Jane Lupton writes a biography-cum-writerââ¬â¢s guide on Maya Angelouââ¬â¢s works. L. Patricia Kite also writes a similar book depicting her life story and so does Jill Egan who highlighted the trials Angelou went through but also the triumphs as well. In his work, Jeffrey Elliot compiled interviews made by several authors on Maya Angelou to create a verbal mosaic of the life and works of the writer. Lyman Hagen makes a critical analysis of her works and managed to find the ââ¬Å"secretâ⬠behind the success of Angelou. Priscilla Ramsey makes a critical analysis of Angelouââ¬â¢s poems in a journal. Another analysis is made by William Sylvester. Carol Neubauer analyzes one of her works, The Heart of a Woman to understand the woman behind the words. Sidonie Ann Smith wrote an analysis of Angelouââ¬â¢s first work The Song of a Caged Bird which centers on self-acceptance. Gillespie, M. , Butler, R. J. and Long, R. A. (2008). Maya Angelou: A Glorious Celebration. New York: Doubleday. This biography was written by her friends Gillespie and Long with her nephew Butler. This was written and published in celebration of Angelouââ¬â¢s 80th birthday and as the title of the book suggests, it has been 80 glorious years of her life though it has had its ups and downs as the authors hold nothing back in relating the colorful life of one of Americaââ¬â¢s celebrated literary artists. The book covers the traumatic experience she had at a young age to the beginning of her literary talents during her adolescence; she ventured briefly into acting and took part in the civil rights movement, rubbing elbows with Martin Luther King and Malcolm X until the time she took part in the inauguration of President Bill Clinton. Though Angelou had a troubled youth, she moved on and it was through literature that she was able to pull through and used it as her vehicle to express happiness and optimism. Lupton, M. J. (1998). Maya Angelou: A Critical Companion. Westport, Connecticut: Greenwood Publishing Group, Inc. Lupton provides a critical analysis of Angelouââ¬â¢s 5-volume autobiography. For each one, she provides an general overview, a background of the story. This would be followed by an analysis of various points of view like a narrative in the case of Heart of a Woman then describe the structure of the story where patterns are found. Then there is a plot development which focuses on revealing the character of the subject followed by a character development which reveals the characterââ¬â¢s personality as the story develops. Then there is the thematic issues which identifies the theme of the story. This is followed by styles and literary devices which describes what devices were deployed by Angelou. This book would be a reliable guide to anyone who reads Angelou and needed a quick reference to its technical aspects besides the stories themselves. Kite, L. P. (2006). Maya Angelou. Minneapolis: Lerner Publications Company. This book is a biography of Angelou. The author touches on the personal aspects of Angelouââ¬â¢s life. She starts the story in 1993, the day Angelou recited a poem at President Bill Clintonââ¬â¢s inauguration and segues back to the day she was born and moving progressively to 1996. Her poems are mentioned here but not fully presented. This book caters mainly to elementary school students and serves as an ideal starter for anyone who appreciates poetry and will be surely inspired after reading Angelouââ¬â¢s story. Egan, J. (2009). Maya Angelou. A Creative and Courageous Voice. Pleasantsville, New York: Gareth Stevens Publishing. As the title suggests, this book mainly tackles the life and times of Maya Angelou. In the nine chapters of this book, Egan takes the reader on a journey covering the life and times of Angelou which is fraught with trials and tribulations but also of the courage to go one despite its presence. In the chapter ââ¬Å"Finding Her Voiceâ⬠was the start of Angelouââ¬â¢s literary career which was meant to be a form of therapy but later on became her calling. In the latter chapter, ââ¬Å"A Glorious Legacy,â⬠she turned to writing greeting cards for Hallmark not because she needed a job but for the love of writing and the celebration of life. Elliot, J. M. (Editor). (1989). Conversations with Maya Angelou. Jackson City: University of Mississippi Press. Elliot has compiled several interviews made by selected authors with Maya Angelou. Each interview or conversation tells the same story. It is about the triumph over adversity and her works serve as her vehicle of conveying that message. Angelou also clarified that her works are not exclusively dedicated to African-Americans though she lived through the turbulent times with them, but for all mankind. This book is ideal for scholars and students who wish to gain more insight to the woman behind remarkable works. Hagen, L. B. (1997). Heart of a Woman, Mind of a Writer and Soul of a Poet. Lanham Maryland: University Press of America. Hagenââ¬â¢s work is a critical analysis of the works of Maya Angelou. The first chapter is devoted to telling her life story. Chapter 2 reveals Angelouââ¬â¢s ââ¬Å"secretsâ⬠to her very successful works which is the use of humor to offset the trying times she had gone through in her life instead of dwelling on the hurts of her past. The rest of the chapters makes an analysis of her works ââ¬â her autobiographies and her poems as well as other aspects of Angelouââ¬â¢s multi-faceted life. These are purely analysis and do not give the full text of her works save for excerpts used in making the analyses. Ramsey, P. R. (1984). Transcendence: The Poetry of Maya Angelou. Current Bibliography on African Affairs 17 (2). 139-153. Priscilla Ramsey makes an in-depth analysis on the poems of Maya Angelou. Angelouââ¬â¢s poems are grounded on the reality of life as she has experienced them. Angelou uses her poems as a means to express her thoughts and sentiments not only about her own life but also the events that were unfolding around her from segregation to the civil rights movement. Angelou has practically employed every known literary device to be able to write elaborate poems that pretty much capture life the way she has seen it through her own eyes. Sylvester, W. (1995). Maya Angelou: An Overview. In T. Riggs (Editor) Contemporary Poets. New York: St. James Press. Sylvester gives an overall analysis of the poems of Maya Angelou. While doing so, he highlighted events in Angelouââ¬â¢s life which have had a profound influence on her, from William Shakespeare which she confessed was her ââ¬Å"first loveâ⬠to her involvement in the civil rights movement as an organizer working alongside Martin Luther King. Sylvester reveals that her poems are uniquely hers and are not imitations of other works as revealed with unique words she used. Neubauer, C. E. (1983). Displacement and Autobiographical Style in Maya Angelouââ¬â¢s Heart of a Woman. Black American Literature Forum 17 (3). 123-129. Neubauer makes an in-depth analysis of one of Angelouââ¬â¢s work Heart of a Woman which is more of an autobiography. Her starting point is the time she already reached adulthood, highlighting her different careers especially in one of the turbulent times not only of her life but to all black Americans for this was the civil rights movement. She uses her own life experience to mirror how ââ¬Å"little peopleâ⬠felt. She provides a grassroots level view of the things happening in society here through her own eyes. She also compared and contrasted the styles of two of its prominent movers, Malcolm X and Martin Luther King, finding the latter more congenial. Smith, S. A. (1973) The Song of a Caged Bird: Maya Angelous Quest after Self-Acceptance. The Southern Humanities Review. 365-375. This is another analysis of a work by Maya Angelou. From the year, one can tell this is one of the earliest analysis made and this is ââ¬Å"freshâ⬠from the recent events of the previous decade where Angelou had been very active in the civil rights movement. But this story highlights the childhood of Angelou which was anything but happy. Her youth is a journey to freedom from ââ¬Å"imprisonmentâ⬠caused by misery and highlighted moments of struggle as she moved on until she finally attained the freedom she sought and it all boil down to self-acceptance. Angelouââ¬â¢s story is not a mere autobiography but also serves as a lesson in life where self-acceptance is the main theme and one of the keys to coping with lifeââ¬â¢s problems.
Thursday, January 23, 2020
Promoting and Protecting Minority Rights Essay examples -- Democracy,
The founding fathers of the United States Constitution suspected that through democracy, a government ruled by the majority, the majority could easily become tyrannical in its usage of unrestricted power. That is, in denying or denoting the rights of certain minority groups. These fathers included Thomas Jefferson who stated in his 1801 Inaugural Address for President of the United States, ââ¬Å"All, too, will bear in mind this sacred principle, that though the will of the majority is in all cases to prevail, that will to be rightful must be reasonable; that the minority possess their equal rights, which equal law must protect, and to violate would be oppression.â⬠Despite the possibility of defying majority rule resulting in some disastrous upsets, the government's most ardent responsibility should lie more in its responsibility to protect minority rights rather than to abide by majority rule. Since, of any possible outcome, the worst would be a situation in which a minority group is denied rights, not due to simple social complication, but instead due to a general lack of government protection. While a democracy is based on majority rule, minority rights must not be disregarded. One of the principles of democracy includes a minority receiving equal opportunity to become a majority, and thereby providing competition for the majority of the time. Competition has potential to force a majority to become a minority, needing the protection of its rights to provide opportunity for it to become a majority again. Furthermore, the smallest minority is the individual. By protecting minority rights from majority oppression, the individual is protected and vice versa. For example, individual rights of expression and speech ... ...certain minority group: african-americans. Yarbrough, Tinsley. "U.S. GOVERNMENT > Introduction to the U.S. System > Democracy Papers ." à §Ã ¾ÃŽà ¥ÃÅ"Ãâ¹Ã ¥ÃÅ"à ¨Ã ¥Ã à °Ã ¥Ã Ãâà ¦ÃÅ"ÃÆ' - à ©Ã ¦Ãâ"à © à . N.p., n.d. Web. 21 Oct. 2013. Yarbrough intimately and accurately describes the trials of the ââ¬Å"African American Experienceâ⬠. These trials include, but are not limited to slavery, denial to suffrage, and the retraction of equality through governmental policy. Yarbrough is thorough in the description of this experience, refusing to allow sheer opinion to even decimate fact. He ââ¬Å"African American Experienceâ⬠is a big part of minority rights being that african americansââ¬â¢ entire ââ¬Å"experienceâ⬠consisted of the government failing or prevailing in protecting their basic rights guaranteed by the constitution of the United States. Promoting and Protecting Minority Rights Essay examples -- Democracy, The founding fathers of the United States Constitution suspected that through democracy, a government ruled by the majority, the majority could easily become tyrannical in its usage of unrestricted power. That is, in denying or denoting the rights of certain minority groups. These fathers included Thomas Jefferson who stated in his 1801 Inaugural Address for President of the United States, ââ¬Å"All, too, will bear in mind this sacred principle, that though the will of the majority is in all cases to prevail, that will to be rightful must be reasonable; that the minority possess their equal rights, which equal law must protect, and to violate would be oppression.â⬠Despite the possibility of defying majority rule resulting in some disastrous upsets, the government's most ardent responsibility should lie more in its responsibility to protect minority rights rather than to abide by majority rule. Since, of any possible outcome, the worst would be a situation in which a minority group is denied rights, not due to simple social complication, but instead due to a general lack of government protection. While a democracy is based on majority rule, minority rights must not be disregarded. One of the principles of democracy includes a minority receiving equal opportunity to become a majority, and thereby providing competition for the majority of the time. Competition has potential to force a majority to become a minority, needing the protection of its rights to provide opportunity for it to become a majority again. Furthermore, the smallest minority is the individual. By protecting minority rights from majority oppression, the individual is protected and vice versa. For example, individual rights of expression and speech ... ...certain minority group: african-americans. Yarbrough, Tinsley. "U.S. GOVERNMENT > Introduction to the U.S. System > Democracy Papers ." à §Ã ¾ÃŽà ¥ÃÅ"Ãâ¹Ã ¥ÃÅ"à ¨Ã ¥Ã à °Ã ¥Ã Ãâà ¦ÃÅ"ÃÆ' - à ©Ã ¦Ãâ"à © à . N.p., n.d. Web. 21 Oct. 2013. Yarbrough intimately and accurately describes the trials of the ââ¬Å"African American Experienceâ⬠. These trials include, but are not limited to slavery, denial to suffrage, and the retraction of equality through governmental policy. Yarbrough is thorough in the description of this experience, refusing to allow sheer opinion to even decimate fact. He ââ¬Å"African American Experienceâ⬠is a big part of minority rights being that african americansââ¬â¢ entire ââ¬Å"experienceâ⬠consisted of the government failing or prevailing in protecting their basic rights guaranteed by the constitution of the United States.
Wednesday, January 15, 2020
City vs. Country
Podcasts ââ¬â Themes ââ¬â City vs. country Introduction Download the LearnEnglish Themes podcast. Youââ¬â¢ll find more information on this page: http://www. britishcouncil. org/learnenglish-podcasts-themes. htm This support pack contains the following materials: â⬠¢ the article that you can listen to in the podcast â⬠¢ an optional language activity based on the article â⬠¢ links to other activities on the LearnEnglish website on this theme (city vs. country). Read the article Town or country mouse? by John Russell Once upon a time, there were two mice ââ¬â cousins. One lived in the town and the other in the country.The town mouse was a very superior mouse, who thought that living in the town was far better than living the country. So one day, he invited his country cousin to stay with him in his town house and experience the civilized lifestyle of the town. They sat down to a meal, which to the country mouse was a feast. ââ¬Å"Goodness meâ⬠he said. à ¢â¬Å"If I was in the country, I would be having only simple bread and cheese in the quiet of my peaceful home. â⬠Suddenly, there was a loud noise at the door. ââ¬Å"Donââ¬â¢t worry,â⬠said the town mouse, ââ¬Å"thatââ¬â¢s just my neighbour ââ¬â the dog, he wants to join us for dinner. The country mouse ate a little faster. Another noise was heard outside, even louder this time. ââ¬Å"Oh dearâ⬠said the town mouse, ââ¬Å"the cat who lives facing my house wants to join us too. â⬠Quickly eating the last of his meal, the country mouse said, ââ¬Å"thank you, but I think I will return to the peace and quiet of my own house after all! â⬠Then he ran back home as fast as his legs could carry him. This simple tale (taken from Aesopââ¬â¢s famous stories) shows that what may be a good place to live for one person, may not be good for another.A modern version of this story might look like this: Maria lives in a big city surrounded by the speed and c onvenience of urban life. She works in an office with 1000 other employees, and travels too and from there on a crowded Metro. Her home is a flat overlooking a busy city-street, which is always alive with the sound of traffic and people passing by. After work she meets with friends in a bar or restaurant before going on to a disco or nightclub. Weekends are spent in the shopping mall with its numerous shops, multi-screen cinemas, fast food and entertainment complexes. Alex, however, lives in a small village in the countryside.He cycles to work down country lanes every morning, the sound of tractors, birds and animals in his ears. In the evening, he relaxes at home in front of the fire with a good book to read. At weekends, he goes for long walks in the fields with his dog. Unfortunately, life is not as simple as stories make it. A lot of todayââ¬â¢s ââ¬Ëtown miceââ¬â¢ such as Maria would be happy to live in the country. Many modern cities have very large populations (Tokyo or Mexico City ââ¬â over 25 million) and can be crowded, dirty and dangerous places to live. More than half the worldââ¬â¢s population now lives in cities.In much of Europe and North America this can be as high as much as 80% of a countryââ¬â¢s population. (According to the United Nations, approximately 1 billion people in cities are living in slum conditions ââ¬â overcrowded and unhealthy). The 18th Century marked the beginning of the Industrial Revolution, the depopulation of the countryside, and the move to towns. The towns became places of mass employment in factories and offices. Today, many town dwellers wish to The United Kingdomââ¬â¢s international organisation for educational opportunities and cultural relations. We are registered in England as a charity.
Monday, January 6, 2020
Developing Entrepreneurial Intention Among Students As...
Developing entrepreneurial intention among students as tool for economic development ââ¬Å"Make in Indiaâ⬠calls for robust growth of all the sectors of the economy, more so of the manufacturing sector. Entrepreneurial innovations and initiatives, creation of new jobs and higher economic growth are becoming concern for the society, government and public administration of the country. The creation of businesses is one of the major interventions that lead to solution to unemployment problem (White and Reynolds, 1996), the economic and regional development (Reynolds et. al, 2002) and promotion of innovation (Hisrich and Peters, 1989). Therefore, in order to focus economic development program to create new business, promoting entrepreneurial intent among the people is to be a prerequisite. Indian government is allowing MNCs to establish their business in India to optimally utilize national resources. This will check the tendency of indigenous companies to focus only on domestic market and make them to become competitive so that they may also transform into MNCs. Ho wever, without having core competences, initiative and intent, how Indigenous business may become competitive. In the post liberalized era, entrepreneurship became an important field of research. Furthermore, it has been acknowledged that youth play an important role in designing the policies for entrepreneurship to promote the creation of business. The cultural environment and social affiliation, approval and attitudeShow MoreRelatedEssay on Can Entrepreneurship Improve Africas Wellbeing Development1628 Words à |à 7 PagesCan Entrepreneurship Improve Africaââ¬â¢s Wellbeing Development? Introduction Africa is one of the poorest areas in the world. Data shows that in some countries, poverty reaches unbelievable rates and people live with less than $1 a day (Ngwane 2003). In contrast, in some countries like USA bankers and CEOs earn up to 400 million dollars a year in bonuses and salaries (Enron 2005). On the other hand, entrepreneurship has significantly increased developed countriesââ¬â¢ wellbeing in the last century. InRead MoreEffectiveness of Formal Entrepreneurship Education Programmes in University Settings3378 Words à |à 14 Pagesproceedings. Introduction There is a positive and robust correlation found between entrepreneurship and economic performance in terms of economic growth, firm survival, innovation, employment creation, technological change, productivity increase, and exports. Nevertheless, entrepreneurship brings more than economic improvements to society. It is also a vehicle for personal development and social cohesion (Commission of the European Communities,2004). For several years, many authors have beenRead MoreNew Developments in Technology Management7684 Words à |à 31 Pages......................................................................... New Developments in Technology Management Education: Background Issues, Program Initiatives, and a Research Agenda PHILLIP H. PHAN The Johns Hopkins University DONALD S. SIEGEL University at Albany, SUNY MIKE WRIGHT Nottingham University Business School and Erasmus University, Rotterdam We provide background information on key developments and trends in technology management education, including the managerial implicationsRead MoreEntrepreneurship Process and Principles15897 Words à |à 64 Pagesstarting a business. Definition of Intrapreneurship - The term intrapreneurship refers to entrepreneurial activities that receive organizational sanction and resource commitments for the purpose of innovative results. Definition of Intrapreneur -According to Griffin, ââ¬Å"Intrapreneur is an extrepreneurial person employed by a corporation and encouraged to be innovative and creative, a person with entrepreneurial characteristics who is employed within a large corporation, moreover, intrapreneurs areRead MoreSnapshot Of Main Scenario Company Profile Essay2864 Words à |à 12 Pagesand over 750,000 queries on ticket confirmation. It has received significant coverage from media channels like Aaj Tak, RailNews etc. The company also has over 10,000 followers on Facebook reflects the healthy growth that the company is registering among the youth of the nation. The company of late wants to find sources of revenue generation. The various sources available include advertisement on its website, collaboration with various travel agencies offering tour packages (individual and institutional)Read MoreSELF EFFICACY BUSINESS PLAN Essay4753 Words à |à 20 Pagesparticular energy dependant on remembrance connected with beyond achievements. This essay talks about the meaning, dimensionality as well as dimension from the self-efficacy create as well as exactly how this particular report may be used to forecast entrepreneurial overall performance. 1.1 DEFINITION 1.1.1 SELF EFFICACY Thereââ¬â¢s a quote saying that ââ¬Å"Excellence is asking more of yourself than what others doâ⬠. Self-efficacy creates in particular earlier encounters regarding mastery and pertains to theRead MoreAnalysis Of Small And Medium Sized Firms5763 Words à |à 24 Pages CREATIVITY AND INNOVATION ENTREPRENEURSHIP; Analysis of small and medium sized firms (Small and medium scale enterprises: SMES) By Daniel Abioye, INTRODUCTION Small and medium sized firms play a prominent role in economic development (Osotimehi, et al. 2012). Hence it has been the underlining background to this study. The importance of SMES cannot be overemphasized in an economy. This is because they contribute to the creation of employment, free competitive market environments, inputs for largeRead MoreSarasvathy, Causation and Effectuation-Toward a Theoretical Shift from Economic Inevitability to14504 Words à |à 59 Pagesacceptance of the Terms Conditions of Use, available at . http://www.jstor.org/page/info/about/policies/terms.jsp . JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact support@jstor.org. . Academy of Management is collaborating withRead MoreEssay about Small Business Dissertation17616 Words à |à 71 PagesContents Abstract â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦2 Section one: 1. Introductionâ⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦.3-6 Section two: Literature Review and Research Questions 1. Entrepreneurial orientation Definitionâ⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦.7-9 2. 3. Autonomousâ⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦.9-11 4. 5. Innovativenessâ⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦.â⬠¦.â⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦.11 6. 7. Risk Takingâ⬠¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦Ã¢â¬ ¦.â⬠¦Ã¢â¬ ¦..11-12 8. 9. ProRead MoreMicrosoft Case Study Harvard Business School3008 Words à |à 13 Pagesmanagement has to be commitment based. Motivation at Microsoft was stimulated by a good performance evaluation procedure inside the company. Highly elaborated feedback gave its employees a good overview of their performance. Furthermore, Microsoft was among the most highly desired companies to work for. People at Microsoft always had the feeling their contribution could change the world In retaining its employees, salaries were increased over the last decades to stimulate people to work for Microsoft
Sunday, December 29, 2019
An Argument Against Slavery Being Good - 1612 Words
Oscar Himpflewitz Best Answer - Chosen by Voters ~The full quote, taken out of context, is: I hold that in the present state of civilization, where two races of different origin, and distinguished by color, and other physical differences, as well as intellectual, are brought together, the relation now existing in the slaveholding States between the two, is, instead of an evil, a good a positive good. ... I hold then, that there never has yet existed a wealthy and civilized society in which one portion of the community did not, in point of fact, live on the labor of the other. ... Calhoun said it on February 6, 1837, is voicing his opposition to sending the issue of abolition to a Senate committee for study, noting that Theâ⬠¦show more contentâ⬠¦Make no mistake: the southern states did not secede in order to protect the right own human chattel and the north did not fight to free the slaves. Abolition came about as a matter of political expedience and as a tool of war. For more on that issue, read the debates surrounding the passage of the Confiscation Acts. Very few outside the vocal cadre of outspoken abolitionists were concerned with the plight of those of African descent. On the social side, no one in the north, forget the south, wanted an influx of uneducated, homeless, angry former slaves with no income, no means of support and no marketable job skills into their neighborhoods. Lincoln himself wanted to settle freed slaves in colonies to be established for the purpose in uninhabited areas of Texas and Missouri, on Caribbean islands or in Indian Territory. He did NOT want them settling in Washington DC or in Illinois especially, or in any other white region generally. In the north, with its ever increasing influx of immigrants, freed slaves were not a welcome prospect. The immigrants, especially the Irish, were despised and equated with the Africans as a sub-species not capable of participating in government and not entitled to rights of citizenship or equal protection of law and due process. Calhoun did not voice such sentiments as loudly as did the northern intelligentsia, but he did not hide his opinion either. For more one that aspect ofShow MoreRelatedAn Argument Against Slavery Being Good1597 Words à |à 7 Pageswhere two races of different origin, and distinguished by color, and other physical differences, as well as intellectual, are brought together, the relation now existing in the slaveholding States between the two, is, instead of an evil, a good a positive good. ... I hold then, that there never has yet existed a wealthy and civilized society in which one portion of the community did not, in point of fact, live on the labor of the o ther. ... Calhoun said it on February 6, 1837, is voicing hisRead MoreThe Slavery Of Slavery And Slavery944 Words à |à 4 Pages1830s, religion was an argument used by the North to condemn slavery. The South also used religion as their argument, but instead, they used the Bible to argue that slavery was an acceptable part of life. People have questioned whether it was right or wrong of the South to use the bible to support their beliefs in slavery. Some would say that pro-slavery southerners had every right to use the Bible to support their beliefs. When Northerners began to use the Bible against slavery, southerners used thisRead MoreArguments Against Slavery in the British Caribbean Under the Following Headings: I) Economic Ii) Religious Iii) Humanitarian775 Words à |à 4 Pagesarticle presenting arguments AGAINST slavery in the British Caribbean under the following headings: i) Economic ii) Religious iii) Humanitarian On every street corner, in every household, on every tongue and on every wall, contradictory views on the system of slavery are being disputed. The public is being bombarded by the economic, religious and humanitarian views of slavery. The pressing issue that will be highlighted in todayââ¬â¢s article is the arguments against slavery. The economicRead MoreInfluence Of A Slave s Point Of View1381 Words à |à 6 PagesThe Influence of a Slaveââ¬â¢s Point of View As taught, slavery existed for a good portion of American history from the 1620ââ¬â¢s until its abolishment in 1865. Its existence created a big controversy over the morality of white Americans and challenged Americans ideal of a free country in a multitude of ways. As brutal as present-day Americans think of slavery, is the same way the abolitionists thought of it then, especially after reading Narrative of the life of Frederick Douglass an American Slave byRead MoreFrederick Douglass And Frederick Douglass Analysis1137 Words à |à 5 PagesPetitions have some similarities and differences in the argument about slavery and its destiny with America. They both talk about slavery but in different ways. Douglass argues against slavery addressing that the signers of the Declaration of Independance put the interests of a country above their own and urges his listeners to continue the work of these great men who brought freedom to this land. While Calhoun argues for slavery responding to anti slavery petitions sent to the Senate by abolitionist groupsRead MoreThe Theory : A Theory On The Development Of Societies915 Words à |à 4 Pagesa mudsill there must be a support on the bottom of a building to sustain the top. This argument was very strong in the southern community because it was the most reasonable statement that included all the society as a whole. There are various motives ranging from social, political, and economic beliefs that all build a society, where in the minds of white Americans in southern states, the institution of slavery was just another reality that seemed essential, traditional, and even a systematic justificationRead MoreUncle Tom s Cabin By Harriet Beecher Stowe1522 Words à |à 7 Pagespresident is referring to is Uncle Tomââ¬â¢s Cabin, a 1850s book about the moral wrongs of slavery. It has been said to be the most influential anti-slavery book that has ever been written. Harriet Beecher Stowe is an effective author. She uses numer ous literary devices such as facile characters, character foils, and symbolism to highlight her abolitionist views and constructs a persuasive argument against slavery. One of the things Harriet Beecher Stowe is known for in Uncle Tomââ¬â¢s Cabin is her manyRead MoreThe Slavery Of The United States1449 Words à |à 6 Pages ââ¬Å"Slavery is founded on the selfishness of manââ¬â¢s nature; opposition to it on his love for justice.â⬠This saying by Abraham Lincoln tells us that people are really different when it comes to their beliefs and attitudes. Some are so focused on wealth, which is why they have slaves to work for free, and treated them as properties instead of real human beings. On the other hand, some people were against slavery because it violated the basic human rights like the right to life, liberty, and security.Read MoreHow Supporters of Slavery Used Legal, Religious, and Economic Arguments to Defend the Institution1538 Words à |à 7 Pagesindustrialized and self sufficient, the South stayed behind and depended heavily on other countries for manufactured goods in exchange for cotton. The North felt superior to the South, a nd the South was not pleased about that. Although most Northerners didn t care much for slavery, there were handfuls that were abolitionists and attacked the South on their backwards economy that depended on slavery . In the South, not everyone was a slaveholder as one may think; there were actually more non slaveholdersRead MoreThe Slavery Of The Bible1371 Words à |à 6 Pagesvaried person to person. As slavery was a hotly contested subject in the nation, people yearned to prove that their beliefs were in line with scripture, and that they were divinely sanctioned to behave how they did. Both pro and anti slavery sentiment were largely fueled by interpretation of scripture, as the Bible does provide substance for both sides of the argument. Pro slavery advocates pointed to the fact that Biblical characters had slaves, and there are pro slavery verses in the Bible. Abolitionists
Saturday, December 21, 2019
Animal Testing Should Be Banned Essay - 537 Words
Did you know that the shampoo you use was probably forced down the throat of a rabbit, cat, or maybe even a dog? Each year, millions of animals are used to test how safe and effective products, such as cosmetics, are. They are genetically modified, force-fed harmful chemicals, blinded, scalded, and maimed. How could one not object to this awful cruelty? Animal testing should be banned because it is cruel, unnecessary, inaccurate, and expensive. The very first reason why animal testing should be banned is elementary: it is cruel and unnecessary. Approximately 17-22 million animals are used for testing each year in the United States. Substances are injected into the animal, chemicals are force-fed, irritants are rubbed into the eyes andâ⬠¦show more contentâ⬠¦This should be reason enough to end the madness of animal tests. Specific evidence points that animal testing should not be allowed; however the debate is also on moral grounds. Several people, about 60% of the population , agree that animal testing should be banned because it is just wrong. To be born into the world on a concrete floor and be made to lead a life with no freedom is worse than having no life. They have no chance to stop the pain or torment, simply because they are ââ¬Å"just animals.â⬠Animal activists and everyday people believe that humans are voices for the animals. Therefore, animal testing is considered ethically wrong and people should act as the advocate for the animals. Although large companies and those for animal testing might think that animal testing is essential for products to be declared safe for human use, that is entirely untrue. Animals are not humans, so testing is not accurate. They are also genetically modified and subjected to abnormal stress. According to the FDA, only 5-25% of animal tests and human tests agree, so there is little relevance to humans. Furthermore, only 9% of products tested on animals make it to market. This questions how safe the product s really are. What is effective in animals isnââ¬â¢t effective for humans. For example, drugs such as Vioxx, Phenactin, and E-Ferol were not effective in 92% of humans. That isShow MoreRelatedShould Animal Testing Be Banned?844 Words à |à 3 PagesShould animal testing be banned? Nowadays, a lot of animals has been tested on a range of experiments over the world. You could be supporting animal teasing cruelty without knowing it. Have you ever check if thereââ¬â¢s animal testing on the cosmetics before you buy it? Today, a lot of cosmetics has been testing on helpless animals and there are about 1.4 million animals die each year from animal testing ( CatalanoJ, 1994). Most of the experiments that are completed in the laboratories are very cruelRead MoreAnimal Testing Should Be Banned880 Words à |à 4 Pagesdepending on animals testing. Therefore, if people talk about laboratories, they should remember animal experiments. Those animals have the right to live, according to people who dislike the idea of doing testing on animals; the other opinion, supports the idea of animal testing as the important part of the source of what has reached medicine of the results and solutions for diseases prevalent in every time and place. Each year huge numbers of animals a re sacrificed for the science all these animals, whetherRead MoreAnimal Testing Should Be Banned776 Words à |à 4 PagesAnimal Testing Should be Banned à ¨Over 100 million animals are burned, crippled, poisioned and abused in US labs every yearà ¨ (à ¨11 Facts About Animal Testingà ¨). Imagine if that was someones animal getting tortured in labs just to test things such as beauty products and perfume. Animal testing was first suggested when, à ¨Charles Darwin evolutionary theory in the mid 1850s also served to suggest that animals could serve as effective models to facilitate biological understanding in humansà ¨ (Murnaghan)Read MoreAnimal Testing Should Not Be Banned940 Words à |à 4 Pages1). Over 100 million animals are burned, crippled, poisoned, and abused in US labs every year. 2). 92% of experimental drugs that are safe and effective in animals fail in human clinical trials. (DoSomething ââ¬Å"11 Facts About Animal Testingâ⬠). There are currently no laws combating the testing of cosmetics on animals, but the practice is harmful and must be ended. As evidenced by the statistics above, millions of animals are tortured and murdered in the United States every year for virtually no reasonRead MoreShould Animal Testing Be Banned?1665 Words à |à 7 PagesTesting Cosmetics on Animals Companies around the world use animals to test cosmetics. Animals, such as rabbits, guinea pigs, hamsters, rats, and mice, are used to test the effects of chemicals on the eyes and skin. While animal testing is not mandatory, many companies use it. About Cosmetics Animal Testing by the Humane Society International talks about the different options companies have that do not require the cruel use and eventual death of animals. The article also talks about the overallRead MoreAnimal Testing Should Not Be Banned1572 Words à |à 7 PagesAnimal Testing Every year, over two hundred million innocent animals are injured or killed in scientific experiments across the world. Of those animals, between seventeen and twenty million are used in the United States alone. It is said that an animal dies in a laboratory every three seconds (Animal Testing 101). Those in favor of animal experimentation say they are taking animalsââ¬â¢ lives to save humans. It is not necessary to subject animals to torturous conditions or painful experiments in theRead MoreAnimal Testing Should Not Be Banned1581 Words à |à 7 PagesAnimal testing is being used by different organizations all over the world to prevent specific diseases, especially cancer. Americans see animal testing having a harmful effect but it is one of the main reasons why society has most cures for some illnesses. This topic is important because people need to know what goes on during animal testing and why it is very beneficial. Animal testing needs to be used to find all cures. Some ani mals such as chimps/ monkeys have 90% of the same DNA humans haveRead MoreAnimal Testing Should Not Be Banned1721 Words à |à 7 Pages â⬠Today, more animals are being used in experiments than ever before: around 100 million in the United States aloneâ⬠(3). Animal testing is now an international issue, and it is becoming a major story. Currently, animals are often used in medical testing, make-up testing, and other consumer product testing. Animals used in such product testing are often abused and suffer from serious side-effects. Animal testing can be painful for the animals, testing results are usually not even useable forRead MoreAnimal Testing Should Be Banned1364 Words à |à 6 Pagesbenefit. Using animals for these experimentations usually does not come to mind. Animals are often abused, suffer, and even die during laboratory testing for the benefits of people to make sure medications, household products, newest procedures, and cosmetics are safe and effective for human use. Humans have benefited from animal testing for years while these animals suffer consequences with no positive outcomes for themselves. Even if a product or procedure is deemed successful, these animals are frequentlyRead MoreAnimal Testing Should Be Banned Essay1632 Words à |à 7 Pages Animal Testing Should Be Banned Throughout the decades, animals have been used in medical research to test the safety of cosmetics including makeup, hair products, soaps, perfume, and countless of other products. Animals have also been used to test antibiotics and other medicines to eliminate any potential risks that they could cause to humans. The number of animals worldwide that are used in laboratory experiments yearly exceeds 115 million animals. Unfortunately, only a small percentage of
Friday, December 13, 2019
Introduction Fundamental Analysis Free Essays
string(164) " of interest payable out of profits\? Why conduct fundamental analysis\? Fundamental analysis helps you determine if a company is a good or poor investment choice\." Fundamental analysis involves examining the economic, financial and other qualitative and quantitative factors related to a security in order to determine its intrinsic value. It attempts to study everything that can affect the securityââ¬â¢s value, including macroeconomic factors (like the overall economy and industry conditions) and individually specific factors (like the financial condition and management of companies). Fundamental analysis, which is also known as quantitative analysis, involves delving into a companyââ¬â¢s financial statements (such as profit and loss account and balance sheet) in order to study various financial indicators (such as revenues, earnings, liabilities, expenses, and assets). We will write a custom essay sample on Introduction Fundamental Analysis or any similar topic only for you Order Now Such analysis is usually carried out by analysts, brokers and savvy investors. Many analysts and investors focus on a single number ââ¬â net income (or earnings) ââ¬â to evaluate performance. When investors attempt to forecast the market value of firm, they frequently rely on earnings. Many institutional investors, analysts and regulators believe earnings are not as relevant as they once were. Due to nonrecurring events, disparities in measuring risk and management ability to disguise fundamental earnings problems, other measures beyond net income can assist in predicting future firm earnings. Two approaches of fundamental analysis: * The top-down investor starts his or her analysis with global economics, including both international and national economic indicators, such as GDP growth rates, inflation, interest rates, exchange rates, productivity, and energy prices. He or she narrows his or her search down to regional/industry analysis of total sales, price levels, the effects of competing products, foreign competition, and entry or exit from the industry. Only then does he or she narrow his or her search to the best business in that area. * The bottom-up investor starts with specific businesses, regardless of their industry/region. How does fundamental analysis works ? The analysis of a businessââ¬â¢ health starts with financial statement analysis that includes ratios. It looks at dividends paid, operating cash flow, new equity issues and capital financing. The earnings estimates and growth rate projections published widely by Thomson Reuters and others can be considered either ââ¬Ëfundamentalââ¬â¢ (they are facts) or ââ¬Ëtechnicalââ¬â¢ (they are investor sentiment) based on your perception of their validity. The determined growth rates (of income and cash) and risk levels (to determine the discount rate) are used in various valuation models. The foremost is the discounted cash flow model, which calculates the present value of the future * Dividends received by the investor, along with the eventual sale price. Gordon model) * earnings of the company, or * Cash flows of the company. The amount of debt is also a major consideration in determining a companyââ¬â¢s health. It can be quickly assessed using the debt-to-equity ratio and the current ratio (current assets/current liabilities). The simple model commonly used is the Price/Earnings ratio. Implicit in this model of a perpetual annuity (Time value of money) is that the ââ¬Ëflipââ¬â¢ of the P/E is the discount rate appropriate to the risk of the business. The multiple accepted is adjusted for expected growth (that is not built into the model). Growth estimates are incorporated into the PEG ratio, but the math does not hold up to analysis. Its validity depends on the length of time you think the growth will continue. IGAR models can be used to impute expected changes in growth from current P/E and historical growth rates for the stocks relative to a comparison index. Computer modelling of stock prices has now replaced much of the subjective interpretation of fundamental data (along with technical data) in the industry. Since about year 2000, with the power of computers to crunch vast quantities of data, a new career has been invented. At some funds (called Quant Funds) the managerââ¬â¢s decisions have been replaced by proprietary mathematical models. Benefits of fundamental analysis: * Identifying the intrinsic value of a security. * Identifying long term investment opportunities since it involves real time data. Drawbacks of fundamental analysis: * Too many economic indicators and extensive macroeconomic data can confuse novice investors. * The same set of information on, macroeconomic indicators can have varied effects on the same currencies at different times. It is beneficial only for long term investments. Fundamental Analysis Tools These are the most popular tools of fundamental analysis. They focus on earnings, growth, and value in the market. For convenience, I have broken them into separate articles. Each article discusses related ratios. There are links in each article to the other articles and back to this article. The articles are: * Earnings per Share ââ¬â EPS * Price to Earnings Ratio ââ¬â P/E * Projected Earnings Growth ââ¬â PEG * Price to Sales ââ¬â P/S * Price to Book ââ¬â P/B * Dividend Payout Ratio * Dividend Yield Book Value * Return on Equity Ratio Analysis: Financial ratios are tools for interpreting financial statements to provide a basis for valuing securities and appraising financial and management performance. A good financial analyst will build in financial ratio calculations extensively in a financial modelling exercise to enable robust analysis. Financial ratios allow a financial analyst to: * Standardize information from financial statements across multiple financial years to allow comparison of a firmââ¬â¢s performance over time in a financial model. Standardize information from financial statements from different companies to allow an apples to apples comparison between firms of differing size in a financial model. * Measure key relationships by relating inputs (costs) with outputs (benefits) and facilities comparison of these relationships over time and across firms in a financial mode. In general, there are 4 kinds of financial ratios that a financial analyst will use most frequently, these are: 1. Performance ratio 2. Working capital ratio 3. Liquidity ratio 4. Solvency ratio These 4 financial ratios allow a good financial analyst to quickly and efficiently address the following questions or concerns: 1. Performance ratio: * What return is the company making on its capital investments? * What are its profit margins? 2. Working capital ratios: * How quickly are debts paid? * How many times is inventory turned? 3. Liquidity ratio: * Can company continue to pay its liabilities and debts? 4. Solvency ratios: * What is the level of debt in relation to other assets and debt to equity? * Is the level of interest payable out of profits? Why conduct fundamental analysis? Fundamental analysis helps you determine if a company is a good or poor investment choice. Imagine youââ¬â¢re a venture capitalist or a bank, who must decide if that company is worthy of a loan or equity investment. How can you evaluate whether this particular company deserves your investable capital? Fundamental analysts consider the following in making their decision to invest (or not): * Is the company making a profit consistently? (While this is naturally the most important question for investors, itââ¬â¢s important to consider the answer in a bigger context. A single profitable quarter for a new company might be a fluke. In the same regard, a drop in profitability for an established blue-chip company might just be a temporary setback. ) * Is that profit growing or declining over time? * Is the company holding its own relative to the competition? Is it a leader in its sector? Is that sector growing or declining in importance to the overall economy? * Can the company pay its bills adequately? If you were to dismantle the companyââ¬â¢s operations today, what would be the intrinsic value of its assets versus the value of its debts? What information do we need to perform fundamental analysis? We can think of fundamental analysis as ââ¬Å"investing by the numbers,â⬠since much of the work involves evaluating financial statements issued by the company. Here are a few key statements you should learn to read and understand. All publicly traded companies in the United States are required to file statements of financial condition on a regular basis. These include the 10-Q, a quarterly statement, and the 10-K, an annual statement. Each statement follows a prescribed form to include certain basic information. Publicly traded companies are also subject to audits by government agencies that oversee their given industry. Those audits may be either scheduled or random events. The results of a regulatory audit may also be publishedââ¬âinteresting reading for a would-be investor. The 10-Q and 10-K are good places to start your fundamental research, but youââ¬â¢ll likely want to dig deeper into the specifics. For that youââ¬â¢ll need to understand three interrelated types of statements: the balance sheet, the income statement and the cash flow statement. Reading a balance sheet: Assets As the name suggests, a ââ¬Å"balance sheetâ⬠presents a picture of how the companyââ¬â¢s assets ââ¬â the value a company takes in ââ¬â are ââ¬Å"balanced outâ⬠against its liabilities ââ¬â what the company must pay out. When Assets equals Liabilities plus Equity, thatââ¬â¢s when the statement is said to be in balance. You can look up a balance sheet for any publicly traded U. S. stock on the TradeKing website under Quotes + Research Quotes + News + Research. Just enter the companyââ¬â¢s ticker symbol and youââ¬â¢ll be on your way. In most cases, balance sheets are presented in left and right side format. Youââ¬â¢ll find Assets on the left, and on the right side of the page are the Liabilities and Equity. (Sometimes these items are listed from top to bottom instead of left to right. ) Assets include resources the company has that are worth something. Many of these are self-explanatory, like Cash Investments. Others are less familiar, like Current Assets, which refers to the value of assets that are readily converted into cash, such as Inventory or Receivables. Longer-term assets vary depending on business type, but may include such things as property or equipment values. Since long-term assets gradually decrease in value over time, Accumulated Depreciation is subtracted from this. Note that depreciated assets may show up as having little or no value on the balance sheet but may have a much greater market value if sold. Reading a balance sheet: Liabilities Liabilities are obligations the company has made to outside parties who have provided resources. In essence, these outside parties may have lent money or other supplies to the company and therefore are owed repayment. Itââ¬â¢s important to note these outside parties do not have ownership in the company; they are creditors. Items under Liabilities include Accounts Payable, the amount the company may owe suppliers, and Income Taxes Payable, which is self-explanatory. Note that Current Liabilities, which are short-term, are listed separately just as Current Assets are. This section may also contain long-term debt obligations: for example, if the company has taken out bank loans to finance equipment or real estate, or if the company has issued corporate bonds to investors. A figure called the Quick Ratio helps investors determine if a companyââ¬â¢s assets and liabilities are in a healthy balance. The quick ratio measures a companyââ¬â¢s ability to meet its short-term obligations with its most liquid assets. The higher the quick ratio, the better the financial position of the company. Itââ¬â¢s calculated as follows: Note that the Quick Ratio is more conservative than some other liquidity measures, like the Current Ratio, because it excludes inventory from current assets. If you believe the company might have difficulty turning their inventory into cash, then the Quick Ratio might give a more accurate picture of the companyââ¬â¢s short-term financial strength. Reading a cash flow statement: The cash flow statement helps investors answer questions like: Is the company generating enough cash needed to fund growth? Is growth outpacing cash generation, requiring additional financing? Is the company generating enough cash to cover its short-term needs? In times of easy credit, companies may be able to patch over cash flow interruptions with interim financing; during tighter credit markets, though, such financing may not be as readily available. In those situations, steady cash-flow generated by the companyââ¬â¢s operations becomes especially important. There are three big categories of cash flow to pay attention to here. Word of warning: itââ¬â¢s not always crystal-clear from just glancing at a cash flow statement which line items represent cash flowing IN versus cash flowing OUT. Cash generated by and used by the companyââ¬â¢s operations is summarized in the Net Cash Flow ââ¬â Operating Activities line. That line includes cash flowing in as well as cash-out. The companyââ¬â¢s long-term investing of cash is detailed in the Net Cash Flow ââ¬â Investing line. That consists of cash flowing out. The third and last part, the ââ¬Å"Net Cash Flow ââ¬â Financingâ⬠line, shows the cash a company raised through from financing activities. Thatââ¬â¢s cash that came in. The very bottom line shows the net change in the companyââ¬â¢s cash position. If you add the line to the cash on the balance sheet from the previous year, youââ¬â¢ll get the current cash position on the current yearââ¬â¢s balance sheet. How to cite Introduction Fundamental Analysis, Papers
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