Financial Management System Theory and Practice

Question: Talk about the Financial Management System for Theory and Practice. Answer: Presentation: This report breaks down the money related execution of Helloworld Limited that is a movement specialist organization in Australia, New Zealand and over the world. Alongside this, the report sums up the matter of Helloworld Limited and includes the primary income topics or wellsprings of organization. It additionally incorporates the present offer cost of organization and the variables influencing its offer cost. Fiscal summaries: Fiscal summaries are the report of the budgetary position and execution of firm at explicit time. Budget reports remember the various proclamations for it, for example, Income articulation, Cash stream explanation, and Balance sheet proclamation. This report or proclamation helps the firm in uncovering the data about the organizations budgetary exercises that is significant for the chief, partners, and financial specialists to construct the choices identified with future venture. The fiscal summaries of Helloworld Limited for the year 2016 and 2015 are included indeces. Synopsis Of Business And Main Revenue Theme Helloworld Limited is an Australian based voyaging specialist co-op that offers incorporated help of retail, discount, inbound, and visit and voyaging administrations in Australia, New Zealand, Asia pacific, and South Pacific and over the world (Hello World Limited, 2017). Helloworld constrained tries to give make a trip items and administrations to clients with above desire client administrations, at serious value level, and at worldwide level. It runs an establishment of trip specialists also. Helloworld fundamentally works in three divisions, for example, travel the board, discount, and retail. The retail portion of the organization comprises of Helloworld, Helloworld partners, Hello world for organizations, the My Travel Group, Smart Fares, Qantas Vacations, Harvey World Travel, and The Travel Bookers (Hello World Limited, 2017). Alongside this, discount business of Hello world offers air, land, and voyage items and administrations by system of retail travel organizations and inbound travel administrations. Moreover, in portion of movement the board, organization offers administrations of flight game plan, vehicle recruit, settlement game plan, visa assistance and agenda arranging and the executives administrations to corporate clients, little and medium endeavors, and governments. The income of the Hello world originates from three sections incorporate retail fragment, travel the board portion, and discount section. The principle income subjects of Hello world are deals of the organization, premium got, continues from removal of venture, continues from removal of properties, profit from partners, commitment from minority investors, money from securing of controlled substances, and deals of advantages (Hello World Limited, 2017). Monetary Analysis The monetary examination of Helloworld Limited is given beneath utilizing budgetary proportions: Proportion Recipe 2015 2016 Liquidity Ratio Current proportion Current resources/Current liabilities 1.064077356 1.050599728 Current resources 283,035 337,045 Current liabilities 265,991 320,812 Fast proportion Current Assets-Inventory/Current liabilities 1.06372772 1.050004364 Current resources 283,035 337,045 Stock 93 191 Current liabilities 265,991 320,812 Productivity Ratio Net Profit Margin Net benefit/Net deals - 72.03% 0.56% Net benefit - 201,111 1,676 Net deals 279,223 297,923.00 Working Margin Working Profit/Net deals - 71.05% 1.16% Working Profit - 198,397 3,450 Net deals 279,223 297,923.00 Capital Structure Ratio Obligation Equity Ratio Absolute obligations/Total Equity 13.10% 17.32% Absolute Debts 23,245 46,352 Absolute Equity 177,476 267,618 Value Ratio Absolute Equity/Total Assets 0.376730008 0.414527306 Absolute Equity 177,476 267,618 Absolute Assets 471,096 645,598.00 Market Performance Ratio Profit per share (Net benefit Pref. Offer profit)/number of customary offer - 0.00045673 1.52588E-05 Net benefit - pref. share profit - 201,111 1,676 Number of Ordinary offer 440,330,198 109,838,418 Profit per share Profit paid/number of offers 7.35811E-07 Profit paid 324 Number of offers 440,330,198 109,838,418 Movement proportion Record receivables turnover Net credit deals/Average indebted individuals 266.26% 221.94% Indebted individuals and exchange receivables 104,869 134,233 All out credit deals 279,223 297,923.00 All out resources turnover proportion Net deals/Total resources 0.592709342 0.461468282 All out resources 471,096 645,598.00 Net deals 279,223 297,923.00 Intrigue inclusion Ratio EBIT/Interest costs - 77.3249112 2.16830342 Intrigue costs 2,533 2,953.00 EBIT - 195,864 6,403 Source: Hello Wolrd Annual Report (2015, 2016) The liquidity of organization is estimated dependent on current proportion and brisk proportions (Babalola and Abiola, 2013). From the above table, it is discovered that the present proportion of Hello world were 1.06, and1.05 in 2015, and 2016 individually. It demonstrates that the liquidity of the organization had slight vacillation. Here and there development expresses that liquidity state of the organization may increment or decline in future too. Like current proportion, snappy proportion had by one way or another fundamentally the same as vacillation that expresses that liquidity state of the organization can't be accepted whether it might increment or abatement in future (Delen et al, 2013). The liquidity was diminished in 2016. Gainfulness proportion: Gainfulness is the benefit earned by the organization and it is recognized dependent on the net benefit, net benefit, and working benefit of the organization. (Borowski, 2010). In light of the investigation of net revenue and EBIT or working benefit examination, it is discovered that the working productivity of the organization was diminished in 2015 however organization chipped away at it and improved its proficiency in 2016 that brought it over from the gigantic deficit. Hi word was experiencing the overal deficit of 201,111 of every 2015. That was changed over in benefit of 1676 out of 2016 that shows the ability of the organization to turn on circumstances. Additionally, the working benefits of the organization for 2015, and 2016 were (198,397), and 3450 individually. In this way, it tends to be said that organization improved its operational effectiveness and the board that drove increase in the working benefit of the organization (Brigham and Ehrhardt, 2013). From the above investigation, it is distinguished that both obligation value proportion and value proportion were expanded. The obligation proportion was 13.10% in 2015 and it was expanded in 2016 up to 17.32%. This shows the obligation level of the organization expanded in 2015 and 2016. This expanded the risk of organization. Alongside this, value proportion of Hello world was decreased in 2015 yet expanded in 2016. This demonstrates the organization gave new offers in 2016 to raise the store to meet its monetary necessity (Braun, et al, 2013). In this manner, by and large it very well may be said that obligation level of organization was higher and need higher working funding to meets its costs. Market execution proportion: Market execution of the organization is estimated dependent on the gaining per share, profit per share and different proportions. Both gaining per offer and hoop per portion of the welcome world was bad in 2015 because of colossal misfortune to the organization. Because of capital necessity, quantities of offers were expanded in 2015 and 2016 however the separated paid out proportion diminished. The income per share was expanded in 2016 that demonstrates that the organization improved its exhibition in 2016 over earlier years (Brigham and Houston, 2015). In this way, it very well may be said that gaining per share proportion and profit paid out proportion were expanded in 2016 that shows the organization had great benefit in 2016 and performed better. Higher profit per portion of the organization show that the organization experienced higher market cost. Action proportion surveys the capacity of organization for changing over the benefits, liabilities, and capital records into money or deals. This checks the administration productivity of the organization. From the above table, it is discovered that the exchange receivable turnover and resource turnover proportions were diminished in year of 2016. The exchange receivable proportions were diminished in 2015 and 2016 that shows that the administration proficiency diminished that drove delay in assortment of the installment from showcase (Brigham and Ehrhardt, 2013). Simultaneously, the advantage turnover proportion of Hello world was expanded in 2015 yet the benefits were diminished and the deals likewise diminished. Simultaneously, in 2016 the all out resource was expanded and used ideal that expanded the deals of the organization. Be that as it may, the proportion was diminished in 2016. In this way, it tends to be said that the administration proficiency of the organization was dive rted down in 2016 from 2015 (Fridson and Alvarez, 2011). It shows the inability of the board of firm in utilizing the advantages and its assets. The intrigue inclusion proportion demonstrates the capacity of the organization in doing opportune installment of enthusiasm on its obligations (Delen et al, 2013). The intrigue inclusion proportion of Hello world was negative in 2015, which shows that the organization couldn't pay its advantage

Vincent essays

Vincent expositions V When I first of this task I made some tuff memories, attempting to discover who or what I was going top compose on. I view myself as some what of a craftsman. Be that as it may, I don't draw skecthes or paint masterpeices. Im an essayist, Im like most other artsist that paint. rather than seeing and pictures from my head and paint them on my canvis. I take my feelings, put them in words and in my own kind of canvis making my variant of a materpeice. I needed to pick a craftsman that resembled me as it were, one that I could for the most part identify with. At the point when I was in seventh grade, I took french 1. We secured a great deal of there culturethe larger part of it was. We went over a keeps an eye on life that to me will consistently be a legacy.His name was Vincent vanGogh. Vincent van Gogh was viewed as a disappointment in the course of his life which lead to different mental issue and at last self destruction, yet today he is seen as the preeminent delegate of postimpr essionist workmanship. Incapable to fit in with typical life, Vincent went to workmanship to enthusiastically communicate his emotions. His style of rough brush strokes of stunning hues was looked downward on by other craftsman of his time however with help from his sibling, Theo, Vincent experienced his fantasy about turning into a craftsman. Despite the fact that he appreciated composition, the extreme sentiment of disappointment and dismissal by ladies, negatively affected Vincent. He experienced long episodes of despondency, which prompted his self destruction. Today, Van Gogh is viewed as one of the most accomplished and motivational craftsmen ever. Vincent van Gogh was conceived on March 30, 1853 in North Brafant, Holland. He was the child of Theodorus van Gogh, a fervent Calvinist, and Anna Cornelia Carbentus. He was the subsequent child named Vincent, the first kicked the bucket a baby. This constantly caused Vincent to feel like a trade child for his folks, as there was a sence of blame with him. As a youngster Vincent was modest, and wanted to be separated from everyone else. He preferred the outside and respected its excellence, which he depicted is his works of art later in l... <!

An Art UROP and an Animation Job

An Art UROP and an Animation Job UROPing is a very MIT thing to do. “91% of MIT graduating seniors participate in at least one UROP during their undergraduate years!” Coming into MIT, we knew we wanted to UROP at least once in our time here, because it’s a great opportunity, and it almost felt like an MIT-bucket-list thing to do.  But, we also didn’t want to UROP just to UROP. We wanted to UROP in a field we cared about01 Many people use UROP as a way to explore a field, and that is also a valid approach. , and when we weren’t too hosed by classes. We weren’t really actively trying to find a UROP because of this, and instead waiting for an opportunity that felt right at the right time. This did not happen for all of freshman and sophomore year, because we were figuring out our major and then too hosed by classes. But as we approached this semester, not one but two UROPs fell into our laps! Over this past summer, we were doing remote graphic design work for the MIT Teaching Systems Lab. We did not know this at the time, but apparently, the MIT Game Lab was collaborating with TSL, while we were working there, and our supervisor knew one of our friends working in the Game Lab. About one month before this semester started, we got an email from said friend connecting us to their UROP supervisor at the Game Lab, asking us if we’d be interested in doing a graphic design UROP in the fall! We were so excited about this! Not only did the project seem super cool, but it was also at a great time for us! We wanted to take a CMS class this semester, but not necessarily a time intensive writing class, since we are taking a 15 unit (that feels like a 30 unit) Software Construction class. So, we decided to take this UROP for credit, making this our CMS “class” of the semester! This project is a massive, spy-themed, party puzzle hunt game! This game is divided into more than 10 unique series of puzzles, many of which require team interactions to solve, and must work for a massive party of hundreds. Designing the mechanics of the game happened over this past summer, and our job was to convert the puzzles into visually appealing and useable player cards, puzzle sheets, and posters! This involved designing logos and color schemes for every series of puzzle, and nitty-gritty puzzle formatting. Basically, a whole LOT of illustrator. Here is some of the stuff we made! Now onto our second UROP02 As the title of this post indicates, it is actually a “job,” but that’s really just a matter of where the funding is coming from. For all intents and purposes, this could’ve also been a UROP. ! We initially found out about this one through an email sent to the Art Scholars mailing list! It was a position from Social Machines at the MIT Media Lab to help make…. animations! We repeat ANIMATIONS! This is what we’ve been waiting for! We cross registered at the MassArt Animation department twice last year, and now we get to directly apply the skills we gained from doing so to a UROP at MIT! Specifically, the animations were of characters, each of which represents one sound of the English language through sound imitation! For example, when you sneeze, you make a CH noise. So for the CH animation, we animated the C in CH sneezing. The goal of this is to help children, learning different sound combinations of English letters, to make associations between the letter combinations and its sound. Here are some examples of the work we’ve done! Many people use UROP as a way to explore a field, and that is also a valid approach. back to text ? As the title of this post indicates, it is actually a “job,” but that’s really just a matter of where the funding is coming from. For all intents and purposes, this could’ve also been a UROP. back to text ?

Quality Management and Customer Satisfaction - 1505 Words

Wal-Mart’s Strategic Quality Management and Customer Satisfaction MGT/449 December 5, 2010 Dr. Olivia Herriford Wal-Mart’s Strategic Quality Management and Customer Satisfaction One organization that has become successful in many aspects of satisfaction and quality is Wal-Mart. This organization started out providing basic products to customers during certain hours of the day and evening, and then expanded the become Wal-Mart Supercenters by also providing groceries and becoming a 24-hour establishment. By making these changes in their organization, Wal-Mart has provided superior satisfaction to both its internal and external customers. To better understand Wal-Mart’s level of quality and customer satisfaction, Learning Team C has†¦show more content†¦Vision and Mission Statement Wal-Mart bases it operations on integrity and customer satisfaction. In order to uphold these two main objectives Wal-Mart has developed a vision and mission statement along with guiding principles that incorporate quality principles. Wal-Mart’s mission statement is to maintain the highest quality in products and customer service, while treating its employees like family. In order to incorporate values and principles within the organization, Wal-Mart strives to always maintain a high level of loyalty to both its customers and its employees. To stay loyal to both customers and employees, Wal-Mart uses core values such as integrity, loyalty, top service, equality, and honesty. Wal-Mart’s vision is to uphold these values and principles to keep a large flow of customers into their stores throughout the country. Wal-Mart believes that in order to keep satisfied customers and employees, the organization has to present high quality products and low prices, and show both customer and employee appreciation at all times. To ensure this vision stays intact, Wal-Mart has open suggestions boards open to stay informed on what its customers and employees would like to see within their stores. Wal-Mart believes that the public and their employee family have a right to have the best products and services to help them live their daily lives. Strategic Plan and Strategic Objectives With Wal-Mart being one of the leading retail industriesShow MoreRelatedStrategic Quality Management and Customer Satisfaction786 Words   |  4 PagesStrategic Quality Management and Customer Satisfaction University of Phoenix MGT/449 Total quality management (TQM) affects conducting business in the global marketplace. Companies must focus on improving processes they currently use to become more efficient. In the trucking business, Huffman Trucking competition is Federal Express (FedEx) and UPS. Huffman Trucking strives for quality service while exploring ways to reduce operating costs to increase profits. To achieve this goal HuffmanRead More2. Strategic Quality Management and Customer Satisfaction Paper1253 Words   |  6 PagesOld Navy and Piperlime. Every day, Gap Inc. looks for new ways to connect with customers around the world, providing value to their shareholders and to make a positive contribution in the communities where Gap Inc. does business. Gap Inc brands have a simple, common purpose: to make it easy for people to express their personal style (Gapinc.com 2007). Gap Inc. constantly evolves each brand to better meet their customers needs Ââ€" through innovative and inspiring design; through convenient and engagingRead MoreEssay on Customer Satisfaction and Awareness of Apple Laptop1624 Words   |  7 PagesCustomer satisfaction and awareness of Apple laptop In our project we are aiming to measure customer satisfaction and awareness of Apple note-book. 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Unlike in the past companies can no longer solelyRead MoreSamsung Electronics Company s Total Quality Management Essay1118 Words   |  5 Pagesat total quality management including 4 factors which are lowering  costs(zero  defects), continuous improvement, employee involvement, and customer satisfaction as well. Total quality management (TQM) have played important roles in reinforcing corporate com petitiveness within the company. Introduction In today’s global market, competition continues to get harder and it is becoming essential for companies to provide more consistent or better quality products and services to their customers. In oderRead MoreTQM and a 90-Day Turnaround: Implementing Total Quality Essay1496 Words   |  6 Pagesâ€Å"While Total Quality Management has proven to be an effective process for improving organizational functioning, its value can only be assured through a comprehensive and well thought out implementation process† (Packard, 1995). 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For successful operation of the firm a customer takes theRead MoreReport On Service Quality Of Remington Hotel1678 Words   |  7 Pagesï » ¿Report on Service Quality of Remington Hotel Introduction The concept of quality holds a central place in the hotel industry where servicing is the main part of the business. Lewis and Booms (1983) commented that service quality is â€Å"a measure of how well the service match with the customer expectations† on a consistent basis. Parasuraman et al (1985, p. 42) stated, â€Å"Quality is an elusive and indistinct construct† Quality is comparison between expectation and performance. Parasuraman et al (1988)Read MoreCustomer Satisfaction, The Most Important Asset Of Any Organization Essay1495 Words   |  6 PagesCustomer satisfaction, the most important asset of any organization is its customers. An organization’s success depends on how many customers it has, how much they buy, and how often they buy. Customers that are satisfied will increase in number, buy more, and buy more frequently. Satisfied customers also pay their bills promptly, which greatly improves cash flow the lifeblood of any organization. Increasingly, manufacturing and service organizations are using customer satisfaction as the measureRead MoreService Quality Management Case Study Essay1376 Words   |  6 PagesGraduate Diploma Food and Beverage Management AMFB700 Assessment One Tutorial Exercise 2 Service Quality Management Case Study Semester Two 2016 Lecturer: Roderick Turner Student name/ ID: Xiaochen Gong/ 99138745 Submission date: Thursday 22 September 2016Table of Contents 1. Introduction 3 1. Introduction The purpose of this report is to find appropriate approaches which assist hospitality operations in managing service quality. In order to meet current markets and make a better profit

Night By Elie Wiesel Analysis - 817 Words

We are who we are because God made us that way, and he plans everything. But even in the darkest hours, it is god who is going to help us. Anne says, â€Å"It is God that has made us as we are, but it will be God, too, who will raise us up again† (Frank 1940). The novel, Night told by Elie Wiesel, is an autobiography written about him and his family being seized out of their home in 1944 to the concentration camps of Auschwitz and Buchenwald. Night is the alarming record of Eli Wiesel’s recollections of the passing of his family, and his despair as a profoundly perceptive Jew going up against irrefutably the abhorrence of man. In the beginning of the novel, Elie described his father as a straightforward sort of man. As in the novel Elie†¦show more content†¦He clarified, â€Å"I woke up at dawn on January 29. On my father’s cot there lay another sick person (Wiesel 112). He added, â€Å"They must have taken him away before daybreak and taken him to the crematorium (Wiesel 112). Elie did not sob, and it tormented him that he could not sob. In any case, he was out of tears. Elie explicated, â€Å"I did not weep, and it pained me that I could not weep. But I was out of tears. And deep inside me, if I could have searched the recesses of my feeble conscience, I might have found something like: Free at last!...† (Wiesel 112). The death of his family gave Elie two sentiments where he felt remorseful however; at last he felt free. Overall in the story Elie survives the Holocaust not only by the help of his father, but his faith. Toward the start of their trial, Elie’s father looks after him and secures his as much as should be possible in this condition. Elie stated, â€Å"I was terribly hungry and swallowed my ration on the spot (Wiesel 44). He continued, â€Å"My father told me, â€Å"You mustn’t eat all at once. Tomorrow is another day†¦Ã¢â‚¬  (Wiesel 44). Close to the finish of their adventure together, the parts are turned around. He mentioned, â€Å"Father!† I howled. â€Å"Father! Get up! Right now! You will kill yourself†¦Ã¢â‚¬  (Wiesel 105). Truly Elie considers, on occasion, abandoning his father; in any case, he does not. It is his faith, which shields him from doing what others around him do and surrender or let their fathers pass. Elie expressed, â€Å"I went toShow MoreRelatedAn Analysis Of Night By Elie Wiesel1089 Words   |  5 PagesAn Analysis of Night Black Three Sabrena Hall November 17, 2015 â€Å"To surpass monsters, you must be willing to abandon your humanity.† -Hajime Isayama, Shingeki no Kyojin Night by Elie â€Å"Eliezer† Wiesel is a story that contains many conclusions about humanity as a whole, including the idea that if humans are treated as if they aren t human, and are deprived from proper human interaction, then they are quick to act uncivilized, almost feral. It s unsettling how quickly people can switch to a primalRead MoreAnalysis Of Night By Elie Wiesel707 Words   |  3 PagesThe book â€Å"Night† by Elie Wiesel is an emotional read. He tells his story in hopes to influence the world to not act so hateful to one another. He wants to bring awareness to his readers. The way Wiesel interprets his memoire is powerful. Elie goes into great detail about the events that took place in the concentration camp. He describes the way they were treated and their struggle to survive. He explains his story with good attribute to the Germans. The memoire is so effective because these eventsRead MoreAnalysis Of Night By Elie Wiesel1198 Words   |  5 PagesIn the memoir Night, written by Elie Weisel, you take a journey through the 1940s, and learn what it was like to live during the Holocaust. Night records the life of Elie Wiesel during his teen years, and the oppression he and his family went through because of their Jewish descent. The Holocaust was a horrifying genocide where Adolf Hitler and the Nazis strived to wipe out the Jewish race, as well as Poles, Slavs, Jehovah’s Witnesses, Homosexuals, Gypsies, etc. Jews were taken from their homesRead MoreAnalysis Of Night In Night By Elie Wiesel1183 Words   |  5 PagesIn Night, Elie Wiesel shines light upon that when times are rough, it is easy to be selfish. This was clearly captured when young fourteen-year-old Elie Wiesel was watching as the Nazi’s take away his valuables, friends, faith, and family. As if every piece of him was broken glass, he had to pick himself up along the way. It all started in 1944, in the suburb of Sighet, Romania. It was a marvelously bright day, a beautiful day. But today, the Nazis had forced Wiesel, the rest of his family, andRead MoreAnalysis Of Night In Night By Elie Wiesel813 Words   |  4 PagesThe Holocaust was a horrible event, one most people hate to think of much less speak of. This event however is the b ase of young Elie Wiesel’s life and story. The memoir Night by Elie Wiesel is all about his personal journey and place in the telling of the Holocaust. In the book he is sent to Auschwitz as a lamb is sent to the slaughter. He reiterates his transformation during this time, a transformation where he diverts from his Jewish roots and loses his faith in a merciful and Almighty God. Read MoreNight By Elie Wiesel Analysis903 Words   |  4 Pages Eliezer â€Å"Elie† Wiesel, a Jewish writer, professor, political activist, Nobel laureate and Holocaust survivor, acknowledged that â€Å"There is so much injustice and suffering crying out for our attention: victims of hunger, of racism, and political persecution, writers and poets, prisoners in so many lands governed by the left and by the right. Human rights are being violated on every continent. More people are oppressed than free.† When the Nazis came to power in Germany in 1933, they believed thatRead MoreNight By Elie Wiesel Analysis787 Words   |  4 Pagesâ€Å"To forget the dead would be akin to killing them a second time.†, said Elie Wiesel the author of night. Elie Wiesel is a holocaust survivor, he went through 5 different concentration camps. He was dehumanized, malnourished, and abused. He lost all his possessions, his family, and his humanity. In Elie Wiesel’s â€Å"Nigh t†, the German Army dehumanizes Elie Wiesel and the jewish prisoners by depriving them of family, food, and self esteem. The Nazis’s dehumanized the jews by depriving them of basic humanRead MoreAnalysis Of The Night By Elie Wiesel1385 Words   |  6 Pagesdetermination in people’s lives. Determination is a trait that each individual possesses. However, the degree of this characteristic varies for each individual and depends on the person’s capabilities and willingness to attain a goal. 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Although it may seem that mankind would learn from past experiences and be able to prevent the formation of dystopias, all failed endeavors at utopia, in turn, lead to dystopia. A prime example of this is found in the novel Night, by Elie Wiesel. The story recounts the Holocaust, a mass genocide of Jews conducted by Adolf Hitler, who believed he could create a utopia by basically eradicating a religious group. This inhumane act created a dystopia which was extremely disparate from

Gymnastics Free Essays

Wilson? If you are afraid of failure, you don’t deserve success. (Nastia Liukin) ? To Become a CHAMPION: Take your worst event and make it your best†¦ AND THEN, take your worst event and make it your best†¦ AND THEN, take your worst event and make it your best†¦ (Gerald S. George, Ph. We will write a custom essay sample on Gymnastics or any similar topic only for you Order Now D. ) ? When you walk in the gym you leave everything behind. Its like a total diferent world, its your second family. We gymnast spend more time in the gym than with our parents. We do gymnastics not to please our family but to please ourselfs. (Angelina Soto – 12 years old gymnast) ? Hope is to wish you could do something. Faith is to believe you can do something. Courage is to get up there and do it because you know you can, you have no doubt about it. (Angelina Soto – 12 years old gymnast) ? I don’t think anything is unrealistic if you believe you can do it. I think if you are determined enough and willing to pay the price, you can get it done. (Mike Ditka) ? The important thing in the Olympic Games is not winning but taking part. The essential thing in life is not conquering but fighting well. (Baron de Coubertin, The Olympic Creed) ? A life without purpose is a languid, drifting thing; Every day we ought to review our purpose, saying to ourselves: This day let me make a sound beginning, for what we have hitherto done is naught! (Thomas A. Kempis) ? You gain strength, courage, and confidence by every experience in which you really stop to look fear in the face. (Eleanor Roosevelt) ? Enjoyment is not a goal, it is a feeling that accompanies important ongoing activity. (Paul Goodman) ? Great works are performed not by strength but by perseverance. (Samuel Johnson) ? Hard work and togetherness. They go hand in hand. You need the hard work because it’s such a tough atmosphere†¦ to win week in and week out. You need togetherness because you don’t always win, and you gotta hang though together. (Tony Dungy) ? â€Å"I can’t do it† never yet accomplished anything: â€Å"I will try† has accomplished wonders. (George P. Burnham) ? Success doesn’t â€Å"happen. † It is organized, preempted, captured, by consecrated common sense. (F. E. Willard) ? We can often do more for other men by trying to correct our own faults than by trying to correct theirs. (Francois Fenelon) ? A person is only as big as the dream they dare to live. Unknown) ? The sign of intelligent people is their ability to control emotions by the application of reason. (Marya Mannes) ? There are no shortcuts to any place worth going. (Beverly Sills) ? A professional is someone who can do his best work when he doesn’t feel like it. (Alistair Cooke) ? Success doesn’t come to you†¦ you go to it. (Marva Collins) ? Genius is one per cent inspiration, ninety-nine per cent perspiration. (Thomas A. Edison (1847 – 1931), Harper’s Monthly, 1932) ? It’s not the hours you put in your work that counts, it’s the work you put in the hours. Sam Ewing) ? People forget how fast you did a job – but they remember how well you did it. (Howard Newton) ? The golden opportunity you are seeking is in yourself. It is not in your environment; it is not in luck or chance, or the help of other; it is in yourself alone. (Orison Swett Marden) ? I do not think there is any other quality so essential to success of any kind as the quality of perseverance. It overcomes almost everything, even nature. (John D. Rockefeller) ? Hard things are put in our way, not to stop us, but to call out our courage and strength. (Anonymous) ? I wasn’t too good at vaulting, and I didn’t have running speed and jumping power. (Mitsuo Tsukahara, JPN, Intl. Gymnast 11/82) ? The mind is perhaps one of the greatest factors in gymnastics; if one can’t control his mind, he can’t control his body. (William Meade, USA) ? A great pleasure in life is doing what people say you cannot do. (Walter Bagehot) ? Every single element, even the most hair-raising, can be improved. (Dmitry Bilozerchev, URS, World Gymnastics 1983/4) ? Forget past mistakes. Forget failures. Forget everything except what you’re going to do now and do it. William Durant, founder of General Motors) ? Most successful men have not achieved their distinction by having some new talent or opportunity presented to them. They have developed the opportunity that was at hand. (Bruce Barton) ? After a while, if you work on a certain move consistently then it doesn’t seem so risky. The idea is that the move stays dangerous and it looks dangerous to my opponents – but it isn’t to me. That is my secret. (Nadia Comaneci, ROM, The Illustrated History of Gymnastics) ? Destiny is not a matter of chance; it is a matter of choice. It is not something to be waited for; but, rather something to be achieved. (William Jennings Bryan) ? If you do the best you can, you will find, nine times out of ten, that you have done as well as or better than anyone else. (William Feather) ? Talent alone is not enough. I believe that a really good gymnast is 10% inspiration and 90% perspiration. (Vladislav Rastorotsky, URS) ? In the middle of difficulty lies opportunity. (Albert Einstein) ? Never mind what others do; do better than yourself, beat your own record from day to day, and you are a success. (William J. H. Boetcker) ? One time a French reporter asked me how I could do a cross so easily. I said, ‘You just lower your body down until your arms are straight out to the sides, then you stop. ‘ (Albert Azarian, URS, Intl. Gymnast, 05/94) ? The way to develop self-confidence is to do the thing you fear. (William Jennings Bryan) ? The price of success is perseverance. The price of failure comes cheaper. (Anonymous) ? We make a living by what we get, but we make a life by what we give. (Norman MacFinan) ? I know how to smile, I know how to laugh, I know how to play. But I know how to do these things only after I have fulfilled my mission. (Nadia Comaneci, ROM, Time Magazine 1976) ? Failure is only postponed success as long as courage â€Å"coaches† ambition. The habit of persistence is the habit of victory. (Herbert Kaufman) ? Victory is sweetest when you’ve known defeat. (Malcolm Forbes) ? A smooth sea never made a skilled mariner. (English proverb) ? The way to develop self-confidence is to do the thing you fear. (William Jennings Bryan) ? Never mind what others do; do better than yourself, beat your own record from day to day, and you are a success. (William J. H. Boetcker) ? If you do the best you can, you will find, nine times out of ten, that you have done as well as or better than anyone else. (William Feather) ? Forget past mistakes. Forget failures. Forget everything except what you’re going to do now and do it. (William Durant, founder of General Motors) ? Nothing will ever be attempted, if all possible objections must first be overcome. (Samuel Johnson) ? Face your deficiencies and acknowledge them; but do not let them master you. Let them teach you patience, sweetness, insight. (Helen Keller) ? What you can do, or think you can, begin it. Johann Wolfgang von Goethe) ? The aim of an argument or discussion should not be victory, but progress. (Joseph Joubert) ? Excellence is an art won by training and habituation. We do not act rightly because we have virtue or excellence, but rather we have those because we have acted rightly. We are what we repeatedly do. Excellence, then, is not an act but a habit. (Aristotle) ? Individual glory is insignificant when compared to victory achieved as a team. (Watertown – Mayer Gymnastics Team) ? What lies behind us and what lies before us are tiny matters compared to what lies within us. (William Morrow) ? Aspire, break bounds. Endeavor to be good, and better still, best. (Robert Browning) ? Aim at the sun and you may not reach it; but your arrow will fly far higher than if you had aimed at an object on a level with yourself. (F. Hawes) ? One man practicing sportsmanship is far better than 50 preaching it. (Knute Rockne) ? The important thing is this: to be able at any moment to sacrifice what we are for what we could become. (Charles Du Bos) ? One must have the adventurous daring to accept oneself as a bundle of possibilities and undertake the most interesting game in the world – making the most of one’s best. Harry Emerson Fosdick) ? Judgment comes from experience, and great judgment comes from bad experience. (Robert Packwood) ? Live your life each day as you would climb a mountain. An occasional glance towards the summit keeps the goal in mind, but many beautiful scenes are to be observed from each new vantage point. (Harold B. Melchart) ? Hold yourself responsible fo r a higher standard than anybody else expects of you. Never excuse yourself. Never pity yourself. Be a hard master to yourself – and be lenient to everybody else. (Henry Ward Beecher) ? No matter who says what, you should accept it with a smile and do your own work. (Mother Teresa) ? Happiness lies in the joy of achievement and the thrill of creative effort. (Franklin D. Roosevelt) ? When someone does something good, applaud! You will make two people happy. (Samuel Goldwyn) ? There are no secrets to success. It is the result of preparation, hard work, learning from failure. (Colin Powell) ? The great thing and the hard thing is to stick to things when you have outlived the first interest, and not yet got the second, which comes with a sort of mastery. Janet Erskine Stuart) ? The height of your accomplishments will equal the depth of your convictions. (William F. Scolavino) ? Genius is eternal patience. (Michelangelo) ? The gem cannot be polished without friction, nor man perfected without trials. (Chinese proverb) ? Human nature is not a machine to be built after a model, and set to do exactly the work prescribed for it, but a tree, which requires to grow and develo p itself on all sides, according to the tendency of the inward forces which make it a living thing. John Stuart Mill) ? The greatest glory is not in never failing, but in rising up every time we fall. (Confucius) ? The way to get things done is not to mind who gets the credit for doing them. (Benjamin Jowett) ? Tough times never last. Tough people do. (Robert Schuller) ? There are many ways to measure success; not the least of which is the way your child describes you when talking to a friend. (Unknown) ? Life is an opportunity, benefit from it. Life is a beauty, admire it. Life is a dream, realize it. Life is a challenge, meet it. Life is a duty, complete it. Life is a game, play it. Life is a promise, fulfill it. Life is sorrow, overcome it. Life is a song, sing it. Life is a struggle, accept it. Life is a tragedy, confront it. Life is an adventure, dare it. Life is luck, make it. Life is life, fight for it! (Mother Teresa) ? Hope sees the invisible, feels the intangible, and achieves the impossible. (Anonymous) ? Life is short †¦ live it. Love is rare †¦ grab it. Anger is bad †¦ dump it. Fear is awful †¦ face it. Memories are sweet †¦ cherish it! How to cite Gymnastics, Papers

Merit pay free essay sample

Running Head: Merit Pay for Performance How Does Merit Pay Affect Performance? Running Head: Merit based Pay Merit Pay is a compensation strategy that is used to motivate employees with pay increases based on positive performance. This increase revolves around the company obtaining the bottom line that was set forth by the board members and stockholders. The increase in pay also can be based on seniority and other equitable criteria. The merit pay system is prevalent in the education area. Teachers receive pay for performance based on yearly test scores. The down side to this idea is that teachers tend to educate towards the test as opposed to the kids learning the information. In using a merit system for most businesses, you have to factor in is this meaningful to employees. This means that businesses should be providing merit pay that has fair incentives with competitive pay. Merit Pay has been tested as a very effective way for employees to produce results. We will write a custom essay sample on Merit pay or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page There are also many pros and cons for having a merit pay system. Some of the pros of the merit system are that it promotes healthy competition between mployees and motivation to produce results. The high performers usually know their worth and skillset and enjoy the challenge of meeting measurable goals that are linked to monetary rewards. Employees like to receive kudos for a Job well done by coworkers and upper management. This comes from a behavioral psychology that where there is good behavior or performance it can be reinforced with a reward. This association created relates behavior to a positive feeling. Merit Pay is believed to have many pros and cons when it comes to the workplace. The long term effects of merit are still being analyzed for effectiveness. A study done by Cornell University states, Extant compensation literature has indicated that pay- for- performance can influence employee performance. There is little research; however, that differentiates the effects of certain forms of pay-for-performance plans on future performance. The logic of pay for performance seems to motivate people that are already considered top performers. There are many organizations that fail Some of the pros are definitely better performance producing results. This also feeds a healthy competition between employees. This motivates them to focus and deliver great results. It allows employees to buy in and effectively communicate their needs for the betterment of the organization, when there is one common goal. This also provides the employees with a permanent increase in pay annually. This usually helps the organizations as well. The cons of the merit system usually affect the morality of the employees. Some employees may feel that no matter how hard they try they can never meet the standard. This will cause them to feel unmotivated. This also causes employees to focus more on their personal goals rather than team goals. The difficulty comes into to play when distributing the 2-3% merit increase adequately. As the organization you want to ensure that the performance appraisals are fair and equitable without inconsistencies. The future of the merit system is really begins to question is there really any merit to the system. The merit system has taken the entitlement mentality out of yearly raise in base pay. The merit system rewards for being competent and capable to do your Job abilities. The downsize to the merit system is those employees that Just dont have the capacity to fulfill the duties required or the employees who attempt to bypass the necessary steps to compete fairly. It seems to me that the slim percentage of increase thats set forth to divide among employees dont really produce a healthy and morally fit environment for the employees. The merit system seems to motivate employees to produce but it also seems to destroy what team morality there may be.

Free Essays on Purpose Of Music

Music is not just black notes on a page. Although I have always tried to live a balanced life, music has become one of its priorities. I keep myself active, I indulge in reading quality literature, and I strive to sustain a social life. In my experiences of teaching and observing others, music education is not an easy profession. It is very clear to me that teaching music will entail long hours of planning and stress. My willing sacrifice is key. Music, like none other that I have experienced, satiates my palette of teaching and learning. Originally, I believed that living in the Philippines limited my exposure to a quality music education. I thought that living in a third world country would not be beneficial to a music education. Yet, in reflection of my memories, I can clearly see what influenced me to become inclined to music. It was not until my junior year in high school that I learned about the Orff school, but this system had a substantial part in my early years of music. Movement was a large part of our exercises. As I danced to folk music, I gained self-expression, rhythm, and coordination. I remember feeling scared. Although everyone was doing the same exercises, my performance anxiety was an early problem. Fear of humiliation and mockery always haunted my thoughts. Music had already taught me a lot at a young age and soon, the movement exercises would help me with my fear of expression. My immigration into the United States definitely changed my life. America is the land of the free and the home of the brave. My family believed that my chances of becoming successful would be increased if I lived in the United States. I was nine. I had the faintest idea that I wanted to become a music educator, but of all influences, I can narrow the list to three- (in no particular order) the city of Ferndale, Roger Smith and my great uncle, Jose Rizal. Fr. Jose Rizal is my great uncle. Every summer vacation I had un... Free Essays on Purpose Of Music Free Essays on Purpose Of Music Music is not just black notes on a page. Although I have always tried to live a balanced life, music has become one of its priorities. I keep myself active, I indulge in reading quality literature, and I strive to sustain a social life. In my experiences of teaching and observing others, music education is not an easy profession. It is very clear to me that teaching music will entail long hours of planning and stress. My willing sacrifice is key. Music, like none other that I have experienced, satiates my palette of teaching and learning. Originally, I believed that living in the Philippines limited my exposure to a quality music education. I thought that living in a third world country would not be beneficial to a music education. Yet, in reflection of my memories, I can clearly see what influenced me to become inclined to music. It was not until my junior year in high school that I learned about the Orff school, but this system had a substantial part in my early years of music. Movement was a large part of our exercises. As I danced to folk music, I gained self-expression, rhythm, and coordination. I remember feeling scared. Although everyone was doing the same exercises, my performance anxiety was an early problem. Fear of humiliation and mockery always haunted my thoughts. Music had already taught me a lot at a young age and soon, the movement exercises would help me with my fear of expression. My immigration into the United States definitely changed my life. America is the land of the free and the home of the brave. My family believed that my chances of becoming successful would be increased if I lived in the United States. I was nine. I had the faintest idea that I wanted to become a music educator, but of all influences, I can narrow the list to three- (in no particular order) the city of Ferndale, Roger Smith and my great uncle, Jose Rizal. Fr. Jose Rizal is my great uncle. Every summer vacation I had un...

Why Writing MBA Essays So Important

Why Writing MBA Essays So Important Those who want to get to a prestigious business school have to overcome more and more challenges every year. You need to have impressive marks and skills to continue your education in Wharton, Stanford, or Harvard. You need good recommendations, high GMAT and GPA scores, and a brilliant essay. Many students get surprised by how important MBA essays are for their academic future. Indeed, without this detail, all the high scores don’t guarantee that you’ll gain entrance to one of these schools and to many others. What Makes MBA Essays So Important Your essay is the most personal thing about you. There are thousands of applicants, and each one of them has some test scores that they may be proud of. All these scores are just numbers, in fact, there are many people with the same numbers as you. In such a situation, you need something that will make you stand out. You need to tell your story and introduce yourself so that others will see you as a person. The best MBA Essay Writing Service Now that you understand that MBA essays are really important for the future of your education, what should you do if you’re not sure you can write a great essay? The answer is simple. All you need to do is contact us, and we will provide you with high-quality MBA assistance. If you have already prepared some drafts, you can share them with our writers, and they will turn them into a masterpiece. You can also contact your writer directly, monitoring the writing process and being sure that the final result will meet all necessary requirements. Custom Essays Our essays are original. Our customers know that their papers will be written from scratch, and we value their trust. This is how we work: Once you’ve got a topic, contact us and describe all details that are important for you to make your essays as personal as possible. Contact your writer during the writing process and tell him or her about any changes that you’d like to make. Get your essay, review it, and tell what you’d like to change or add. Submit your paper to a school of your choice and impress them with your brilliant essay! Essay Editing You can contact our writers and show them your own drafts. We have many experienced editors who will polish your essay and make it outstanding. Focusing. Sometimes students forget about the initial question of their essay. In this case, our editors will fix this problem and make sure your essay is focused on the main topic. Proofreading. We will check your grammatical and spelling errors as well as the structure of your sentences and punctuation, to make your essay perfect. Contouring. Our editors will improve the flow of your story, making soft logical transitions between your ideas and making your essay pleasurable to read.

Levis Advertising Analysis Research Paper Example | Topics and Well Written Essays - 750 words

Levis Advertising Analysis - Research Paper Example The advertisement illustrates a young buyer, with a less-dapper appearance, engaging in environmental connection by crawling through mountainous grasslands, clearly enjoying the experience with natural lifestyle. Using Levi’s Jeans as the appropriate clothing for this type of activity, it illustrates how the brand attempts to connect to naturalism, spontaneity, and in some degree rejection of urban lifestyle. Levi’s is working as the catalyst product to help youths who are either frustrated with urbanism and the fast-paced lifestyle of large city living or to remind consumers that Levi’s is the most appropriate brand for natural living because of its rich history during a historical period of development in the nation. Levi’s relies heavily on its brand equity for its very long history of product achievements and brand preference, which is illustrated by the type of consumer that most largely uses Levi’s products. People who are in their 20s and early 30s are experiencing what psychologists refer to as a quarter-life crisis, growing more frustrated with mundane and mediocre lifestyles (Macrae 1). Levi’s understands its buyer market preferences, those who get proverbially lost in the shadows of society in large urban environments with high populations and extremely diverse lifestyles associated with music, entertainment and outward socialization. Thus, Levi’s attempts to illustrate that it can serve as a motivator for individuals who want to break free from this mundane living and reconnect with their individualism, traditionalism, and natural preferences.

Role that race and ethnicity played in the evolution of the American Essay

Role that race and ethnicity played in the evolution of the American working class from the Spanish-American War to the eve of the Second World War - Essay Example In Spanish-American war, Cuba and Philippines were involved because these countries were the colonies of the Spain. American government helped fight the wars of these two countries against their colonizer which led to their victories. Having won the wars against Spain, America gained control over these countries and expanded its interest from Latin America to the Pacific. American economic interest also grew due to newfound alliance with the countries involved. It also opened doors for the Americans to trade with the other nations adjacent to these countries which mean free market and free taxes for the American capitalists and wider international markets. American economy soared high because of these reasons and American capitalist started looking for cheap workers for their growing businesses. Import and export businesses of basic commodities such as spices, wheat corn, cotton and other basic needs began to grow. After the war, middle class or working class started to come in Ameri ca due to expanding businesses and industries. Migration of Filipinos and Latin Americans started to grow due to open ports between America and countries of alliance. It has not stopped since then, and became the main composition of American working class today. Before the war, majority of the working class in America were African-American but after the war immigrant workers started to pour in from different parts of the globe. They saw America as a good opportunity to seek greener pastures and improve their lives that cannot be attained in their native country. Spanish-American war and the Second World War had a great impact on the American economy. Wider international market, rise in import export of basic commodities, more job opportunities and a promise of a better life were the reasons why immigrant workers started to flock in America. Aside from this American government had gained so much advantage in terms of political and economic aspects. Today American working

Financial Statement Analysis

Financial Statement Analysis Financial performance, as a part of financial management, is the main indicator of the success or failure of the companies. Financial performance analysis can be considered as the heart of the financial decisions. Rational evaluation of the performance of the companies is essential to prepare sound financial policies and to attract potential investors. Shareholders are interested in EPS, dividend, net worth and market value per share. Management is interested in all aspects of financial performance to adopt a good financial management system and for the internal control of the company. The creditors are primarily interested in the liquidity of the company. Government is interested from the regulatory point of view. Besides, other stakeholders such as economists, trade associations, competitors, etc are also interested in the financial performance of the company. Therefore, all the stakeholders are interested in the performance of the companies but their perspective may be different. Financial analysis helps to highlight the financial performance of the company. It is the process of identifying the financial strength and weakness of a firm by properly establishing the relationship between the items on the Balance Sheet and those on the Profit and Loss Account (Pandey 1992, p109). It is a general term referring to the process of extracting and studying information in financial statements for use in management decision making, for example, financial analysis typically involves the use of ratios, comparison with prior periods and budget, and other such procedures. Financial appraisal is a scientific evaluation of the profitability and strength of any business concerns (Jain 1996, p36). It seeks to spotlight the significant impacts and relationships concerning managerial performance, corporate efficiency, financial strength and weakness and creditworthiness of the company (Srivastava 1985, p59). The objective of financial analysis is a detailed cause and effect study of the profitability and financial position (Hingorani and Ramnthan 1992). According to Hampton, â€Å"Financial Analysis is the process of determining the significant operating and financial characteristics of a firm from accounting data and financial statement. The goal of such analysis is to determine the efficiency and performance of the firms management, as reflected in the financial records and reports†(Hampton 1986, p85). Financial statements are such records and reports, which contain the data required for performance management. It is therefore important to analyze the financial statements to identify the strengths and weaknesses of the company. The financial statements of a business enterprise are intended to provide much of the basic data used for decision making, and in general, evaluation of performance by various groups such as current owners, potential investors, creditors, government agencies, and in some instance, competitors (Benjamin et al 1975, p412). Financial statements are the reports in which the accountant summarizes and communicates the basic financial data. The financial statements provide the summary of a accounts of the company- the Balance Sheet reflecting the assets, liabilities and capital as of a certain date and the Profit and Loss Account showing the results of operation during a period. The financial statements are a collection of data organized according to logical and consistent accounting procedures (Hampton 1986, p85). The function of financial statement is to convey an understanding of some financial aspects of the company. Financial statement analysis involves appraising the financial statement and related footnotes of an entity. This may be done by accountants, investment analysts, credit analysts, management and other interested parties. Financial statements indicate an appraisal of a companys previous financial performance and its future potential (Shim and Siegel 1989, p197). The analysis of a financial statement is done to obtain a better insight into a firms position and performance (Munakarmi 2000). Analyzing a financial statement is a process of evaluating the relationship between component parts of financial statement to obtain a better understanding of the firms position and performance (Metcalf and Titard 1976, p157). The financial analysis is thus the analysis of the financial statements, which is done to evaluate the performance of the company. Ratio Analysis, Trend Analysis, Comparative Financial Statement Analysis and Common Size Statement Analysis are the major tools of the financial an alysis. Financial statement analysis involves the computation of ratios to evaluate a companys financial position and results of operation (Shim and Siegel 1989, p196). Ratio is an important tool of financial statement analysis. The relationship between two accounting figures, expressed mathematically is known as financial ratio (Pandey 1992, p110). â€Å"Ratio used as an index of yardstick for evaluating the financial position and performance of the firm. It helps analysts to make a quantitative judgement about the financial position and performance of the firm. It uses financial reports and data and summarizes the key relationship in order to appraise financial performance (Munakarmi 2000). Ratio analysis is such a powerful tools of financial analysis that through it, the economic and financial position of a business unit can be fully x-rayed. Ratios are just a convenient way to summarize large quantities of financial data and to compare the performance of the firms (Brealey and Myeres 20 03). Ratios are exceptionally useful tools with which one can judge the financial performance of the firm over a period of time (Srivastava 1985, p63). Performance ratio can provide an insight into a banks profitability, return on investment, capital adequacy and liquidity (Clark 1999, p257). The above theories suggest that financial analysis helps to measure the performance of the companies. Different analysts desire different types of ratios, depending largely on whom the analysts are and why the firm is being evaluated. Short-term creditors are concerned with the firms ability to pay its bills promptly. In the short run, the amount of liquid assets determines the ability to pay off current liabilities. They are interested in liquidity. Long-terms creditors hold bonds or debentures; mortgages against the firm are interested in current payment of interest and the eventual repayment of the principal. The company must be sufficiently liquid in the short-term and have adequate profits for the long-term. They examine liquidity and the profitability. Stockholders, in addition to liquidity and profitability, are concerned about the policies of the firms stock. Without liquidity, the firm could not pay the cash dividends. Without profits, the firm could not be able to declare d ividends. With poor policies, the common stock would trade at a lower price in the market (Hampton 1986, p124). Analysis of the financial statement of a company for one year or for a shorter period would not truly reflect the nature of its operations. For this, it is essential that the analysis reasonably cover a longer period. The analysis made over a longer period is termed as Trend Analysis. Trend Analysis of the ratio indicates the direction of change (Pandey 1992, p51). This method involves the calculation of percentage relationship that each item bears to the same item in the base year. Trend percentage discloses the changes in the financial and operating data between specific periods and makes it possible to form an opinion as to whether favourable and unfavourable tendencies are reflected by the data. Comparative Statement Analysis is another method of measuring the performance of the company. It is used to compare the performance and position of the firm with the average performance of the industry or with other firms, such a comparison will identify areas of weakness which can then b e addressed to rectify the situation. From the above discussion, it is clear that performance is the result of various financials variables. Analysis of performance is not limited to analyzing one or two variable(s). it could be analyzed with the help of various financial indicators. Most of the studies, however, devoted to measure the performance in terms of profitability, stock returns, and turnover, risk adjusted returns on investment, dividends, growth of sales, market capitalization. Analyzing stock return constitutes market price per share and dividend per share. The trend of such variables over the period and comparison of the results with the results of the same variables of another firm or another industry indicates the relative performance of the firm or industry.

Foundation and Empire 14. The Mutant

The â€Å"hangar† on Kalgan is an institution peculiar unto itself, born of the need for the disposition of the vast number of ships brought in by the visitors from abroad, and the simultaneous and consequent vast need for living accommodations for the same. The original bright one who had thought of the obvious solution had quickly become a millionaire. His heirs – by birth or finance – were easily among the richest on Kalgan. The â€Å"hangar† spreads fatly over square miles of territory, and â€Å"hangar† does not describe it at all sufficiently. It is essentially a hotel – for ships. The traveler pays in advance and his ship is awarded a berth from which it can take off into space at any desired moment. The visitor then lives in his ship as always. The ordinary hotel services such as the replacement of food and medical supplies at special rates, simple servicing of the ship itself, special intra-Kalgan transportation for a nominal sum are to be had, of course. As a result, the visitor combines hangar space and hotel bill into one, at a saving. The owners sell temporary use of ground space at ample profits. The government collects huge taxes. Everyone has fun. Nobody loses. Simple! The man who made his way down the shadow-borders of the wide corridors that connected the multitudinous wings of the â€Å"hangar† had in the past speculated on the novelty and usefulness of the system described above, but these were reflections for idle moments – distinctly unsuitable at present. The ships hulked in their height and breadth down the long lines of carefully aligned cells, and the man discarded line after line. He was an expert at what he was doing now and if his preliminary study of the hangar registry had failed to give specific information beyond the doubtful indication of a specific wing – one containing hundreds of ships – his specialized knowledge could winnow those hundreds into one. There was the ghost of a sigh in the silence, as the man stopped and faded down one of the lines; a crawling insect beneath the notice of the arrogant metal monsters that rested there. Here and there the sparkling of light from a porthole would indicate the presence of an early returner from the organized pleasures to simpler – or more private – pleasures of his own. The man halted, and would have smiled if he ever smiled. Certainly the convolutions of his brain performed the mental equivalent of a smile. The ship he stopped at was sleek and obviously fast. The peculiarity of its design was what he wanted. It was not a usual model – and these days most of the ships of this quadrant of the Galaxy either imitated Foundation design or were built by Foundation technicians. But this was special. This was a Foundation ship – if only because of the tiny bulges in the skin that were the nodes of the protective screen that only a Foundation ship could possess. There were other indications, too. The man felt no hesitation. The electronic barrier strung across the line of the ships as a concession to privacy on the part of the management was not at all important to him. It parted easily, and without activating the alarm, at the use of the very special neutralizing force he had at his disposal. So the first knowledge within the ship of the intruder without was the casual and almost friendly signal of the muted buzzer in the ship's living room that was the result of a palm placed over the little photocell just one side of the main air lock. And while that successful search went on, Toran and Bayta felt only the most precarious security within the steel walls of the Bayta. The Mule's clown who had reported that within his narrow compass of body he held the lordly name of Magnifico Giganticus, sat hunched over the table and gobbled at the food set before him. His sad, brown eyes lifted from his meat only to follow Bayta's movements in the combined kitchen and larder where he ate. â€Å"The thanks of a weak one are of but little value,† he muttered, â€Å"but you have them, for truly, in this past week, little but scraps have come my way – and for all my body is small, yet is my appetite unseemly great.† â€Å"Well, then, eat!† said Bayta, with a smile. â€Å"Don't waste your time on thanks. Isn't there a Central Galaxy proverb about gratitude that I once heard?† â€Å"Truly there is, my lady. For a wise man, I have been told, once said, ‘Gratitude is best and most effective when it does not evaporate itself in empty phrases.' But alas, my lady, I am but a mass of empty phrases, it would seem. When my empty phrases pleased the Mule, it brought me a court dress, and a grand name – for, see you, it was originally simply Bobo, one that pleases him not – and then when my empty phrases pleased him not, it would bring upon my poor bones beatings and whippings.† Toran entered from the pilot room, â€Å"Nothing to do now but wait, Bay. I hope the Mule is capable of understanding that a Foundation ship is Foundation territory.† Magnifico Giganticus, once Bobo, opened his eyes wide and exclaimed, â€Å"How great is the Foundation before which even the cruel servants of the Mule tremble.† â€Å"Have you heard of the Foundation, too?† asked Bayta, with a little smile. â€Å"And who has not?† Magnifico's voice was a mysterious whisper. â€Å"There are those who say it is a world of great magic, of fires that can consume planets, and secrets of mighty strength. They say that not the highest nobility of the Galaxy could achieve the honor and deference considered only the natural due of a simple man who could say ‘I am a citizen of the Foundation,' – were he only a salvage miner of space, or a nothing like myself.† Bayta said, â€Å"Now, Magnifico, you'll never finish if you make speeches. Here, I'll get you a little flavored milk. It's good.† She placed a pitcher of it upon the table and motioned Toran out of the room. â€Å"Torie, what are we going to do now – about him?† and she motioned towards the kitchen. â€Å"How do you mean?† â€Å"If the Mule comes, are we going to give him up?† â€Å"Well, what else, Bay?† He sounded harassed, and the gesture with which he shoved back the moist curl upon his forehead testified to that. He continued impatiently, â€Å"Before I came here I had a sort of vague idea that all we had to do was to ask for the Mule, and then get down to business – just business, you know, nothing definite.† â€Å"I know what you mean, Torie. I wasn't much hoping to see the Mule myself, but I did think we could pick up some firsthand knowledge of the mess, and then pass it over to people who know a little more about this interstellar intrigue. I'm no storybook spy.† â€Å"You're not behind me, Bay.† He folded his arms and frowned. â€Å"What a situation! You'd never know there was a person like the Mule, except for this last queer break. Do you suppose he'll come for his clown?† Bayta looked up at him. â€Å"I don't know that I want him to. I don't know what to say or do. Do you?† The inner buzzer sounded with its intermittent burring noise. Bayta's lips moved wordlessly, â€Å"The Mule!† Magnifico was in the doorway, eyes wide, his voice a whimper, â€Å"The Mule?† Toran murmured, â€Å"I've got to let them in.† A contact opened the air lock and the outer door closed behind the newcomer. The scanner showed only a single shadowed figure. â€Å"It's only one person,† said Toran, with open relief, and his voice was almost shaky as he bent toward the signal tube, â€Å"Who are you?† â€Å"You'd better let me in and find out, hadn't you?† The words came thinly out the receiver. â€Å"I'll inform you that this is a Foundation ship and consequently Foundation territory by international treaty.† â€Å"I know that.† â€Å"Come with your arms free, or I'll shoot. I'm well-armed.† â€Å"Done!† Toran opened the inner door and closed contact on his blast pistol, thumb hovering over the pressure point. There was the sound of footsteps and then the door swung open, and Magnifico cried out, â€Å"It's not the Mule. It's but a man.† The â€Å"man† bowed to the clown somberly, â€Å"Very accurate. I'm not the Mule.† He held his hands apart, â€Å"I'm not armed, and I come on a peaceful errand. You might relax and put the blast pistol away. Your hand isn't steady enough for my peace of mind.† â€Å"Who are you?† asked Toran, brusquely. â€Å"I might ask you that,† said the stranger, coolly, â€Å"since you're the one under false pretenses, not I.† â€Å"How so?† â€Å"You're the one who claims to be a Foundation citizen when there's not an authorized Trader on the planet.† â€Å"That's not so. How would you know?† â€Å"Because I am a Foundation citizen, and have my papers to prove it. Where are yours?† â€Å"I think you'd better get out.† â€Å"I think not. If you know anything about Foundation methods, and despite your imposture you might, you'd know that if I don't return alive to my ship at a specified time, there'll be a signal at the nearest Foundation headquarters so I doubt if your weapons will have much effect, practically speaking.† There was an irresolute silence and then Bayta said, calmly, â€Å"Put the blaster away, Toran, and take him at face value. He sounds like the real thing.† â€Å"Thank you,† said the stranger. Toran put his gun on the chair beside him, â€Å"Suppose you explain all this now.† The stranger remained standing. He was long of bone and large of limb. His face consisted of hard flat planes and it was somehow evident that he never smiled. But his eyes lacked hardness. He said, â€Å"News travels quickly, especially when it is apparently beyond belief. I don't suppose there's a person on Kalgan who doesn't know that the Mule's men were kicked in the teeth today by two tourists from the Foundation. I knew of the important details before evening, and, as I said, there are no Foundation tourists aside from myself on the planet. We know about those things.† â€Å"Who are the ‘we'?† â€Å"‘We' are – ‘we'! Myself for one! I knew you were at the Hangar – you had been overheard to say so. I had my ways of checking the registry, and my ways of finding the ship.† He turned to Bayta suddenly, â€Å"You're from the Foundation – by birth, aren't you?† â€Å"Am I?† â€Å"You're a member of the democratic opposition – they call it ‘the underground.' I don't remember your name, but I do the face. You got out only recently – and wouldn't have if you were more important.† Bayta shrugged, â€Å"You know a lot.† â€Å"I do. You escaped with a man. That one?† â€Å"Does it matter what I say?† â€Å"No. I merely want a thorough mutual understanding. I believe that the password during the week you left so hastily was ‘Seldon, Hardin, and Freedom.' Porfirat Hart was your section leader. â€Å" â€Å"Where'd you get that?† Bayta was suddenly fierce. â€Å"Did the police get him?† Toran held her back, but she shook herself loose and advanced. The man from the Foundation said quietly, â€Å"Nobody has him. It's just that the underground spreads widely and in queer places. I'm Captain Han Pritcher of Information, and I'm a section leader myself – never mind under what name.† He waited, then said, â€Å"No, you don't have to believe me. In our business it is better to overdo suspicion than the opposite. But I'd better get past the preliminaries.† â€Å"Yes,† said Toran, â€Å"suppose you do.† â€Å"May I sit down? Thanks.† Captain Pritcher swung a long leg across his knee and let an arm swing loose over the back of the chair. â€Å"I'll start out by saying that I don't know what all this is about – from your angle. You two aren't from the Foundation, but it's not a hard guess that you're from one of the independent Trading worlds. That doesn't bother me overmuch. But out of curiosity, what do you want with that fellow, that clown you snatched to safety? You're risking your life to hold on to him.† â€Å"I can't tell you that.† â€Å"Hm-m-m. Well, I didn't think you would. But if you're waiting for the Mule himself to come behind a fanfarade of horns, drums, and electric organs – relax! The Mule doesn't work that way.† â€Å"What?† It came from both Toran and Bayta, and in the comer where Magnifico lurked with ears almost visibly expanded, there was a sudden joyful start. â€Å"That's right. I've been trying to contact him myself, and doing a rather more thorough job of it than you two amateurs can. It won't work. The man makes no personal appearance, does not allow himself to be photographed or simulated, and is seen only by his most intimate associates.† â€Å"Is that supposed to explain your interest in us, captain?† questioned Toran. â€Å"No. That clown is the key. That clown is one of the very few that have seen him. I want him. He may be the proof I need – and I need something, Galaxy knows – to awaken the Foundation.† â€Å"It needs awakening?† broke in Bayta with sudden sharpness. â€Å"Against what? And in what role do you act as alarm, that of rebel democrat or of secret police and provocateur?† The captain's face set in its hard lines. â€Å"When the entire Foundation is threatened, Madame Revolutionary, both democrats and tyrants perish. Let us save the tyrants from a greater, that we may overthrow them in their turn.† â€Å"Who's the greater tyrant you speak of?† flared Bayta. â€Å"The Mule! I know a bit about him, enough to have been my death several times over already, if I had moved less nimbly. Send the clown out of the room. This will require privacy.† â€Å"Magnifico,† said Bayta, with a gesture, and the clown left without a sound. The captain's voice was grave and intense, and low enough so that Toran and Bayta drew close. He said, â€Å"The Mule is a shrewd operator – far too shrewd not to realize the advantage of the magnetism and glamour of personal leadership. If he gives that up, it's for a reason. That reason must be the fact that personal contact would reveal something that is of overwhelming importance not to reveal.† He waved aside questions, and continued more quickly, â€Å"I went back to his birthplace for this, and questioned people who for their knowledge will not live long. Few enough are still alive. They remember the baby born thirty years before – the death of his mother – his strange youth. The Mule is not a human being!† And his two listeners drew back in horror at the misty implications. Neither understood, fully or clearly, but the menace of the phrase was definite. The captain continued, â€Å"He is a mutant, and obviously from his subsequent career, a highly successful one. I don't know his powers or the exact extent to which he is what our thrillers would call a ‘superman,' but the rise from nothing to the conqueror of Kalgan's warlord in two years is revealing. You see, don't you, the danger? Can a genetic accident of unpredictable biological properties be taken into account in the Seldon plan?† Slowly, Bayta spoke, â€Å"I don't believe it. This is some sort of complicated trickery. Why didn't the Mule's men kill us when they could have, if he's a superman?† â€Å"I told you that I don't know the extent of his mutation. He may not be ready, yet, for the Foundation, and it would be a sign of the greatest wisdom to resist provocation until ready. Now let me speak to the clown.† The captain faced the trembling Magnifico, who obviously distrusted this huge, hard man who faced him. The captain began slowly, â€Å"Have you seen the Mule with your own eyes?† â€Å"I have but too well, respected sir. And felt the weight of his arm with my own body as well.† â€Å"I have no doubt of that. Can you describe him?† â€Å"It is frightening to recall him, respected sir. He is a man of mighty frame. Against him, even you would be but a spindling. His hair is of a burning crimson, and with all my strength and weight I could not pull down his arm, once extended – not a hair's thickness.† Magnifico's thinness seemed to collapse upon itself in a huddle of arms and legs. â€Å"Often, to amuse his generals or to amuse only himself, he would suspend me by one finger in my belt from a fearful height, while I chattered poetry. It was only after the twentieth verse that I was withdrawn, and each improvised and each a perfect rhyme, or else start over. He is a man of overpowering might, respected sir, and cruel in the use of his power – and his eyes, respected sir, no one sees.† â€Å"What? What's that last?† â€Å"He wears spectacles, respected sir, of a curious nature. It is said that they are opaque and that he sees by a powerful magic that far transcends human powers. I have heard,† and his voice was small and mysterious, â€Å"that to see his eyes is to see death; that he kills with his eyes, respected sir.† Magnifico's eyes wheeled quickly from one watching face to another. He quavered, â€Å"It is true. As I live, it is true. â€Å" Bayta drew a long breath, â€Å"Sounds like you're right, captain. Do you want to take over?† â€Å"Well, let's look at the situation. You don't owe anything here? The hangar's barrier above is free?† â€Å"I can leave any time.† â€Å"Then leave. The Mule may not wish to antagonize the Foundation, but he runs a frightful risk in letting Magnifico get away. It probably accounts for the hue and cry after the poor devil in the first place. So there may be ships waiting for you upstairs. If you're lost in space, who's to pin the crime?† â€Å"You're right,† agreed Toran, bleakly. â€Å"However, you've got a shield and you're probably speedier than anything they've got, so as soon as you're clear of the atmosphere make the circle in neutral to the other hemisphere, then just cut a track outwards at top acceleration.† â€Å"Yes,† said Bayta coldly, â€Å"and when we are back on the Foundation, what then, captain?† â€Å"Why, you are then co-operative citizens of Kalgan, are you not? I know nothing to the contrary, do I?† Nothing was said. Toran turned to the controls. There was an imperceptible lurch. It was when Toran had left Kalgan sufficiently far in the rear to attempt his first interstellar jump, that Captain Pritcher's face first creased slightly – for no ship of the Mule had in any way attempted to bar their leaving. â€Å"Looks like he's letting us carry off Magnifico,† said Toran. â€Å"Not so good for your story.† â€Å"Unless,† corrected the captain, â€Å"he wants us to carry him off, in which case it's not so good for the Foundation.† It was after the last jump, when within neutral-flight distance of the Foundation, that the first hyperwave news broadcast reached the ship. And there was one news item barely mentioned. It seemed that a warlord – unidentified by the bored speaker – had made representations to the Foundation concerning the forceful abduction of a member of his court. The announcer went on to the sports news. Captain Pritcher said icily, â€Å"He's one step ahead of us after all.† Thoughtfully, he added, â€Å"He's ready for the Foundation, and he uses this as an excuse for action. It makes things more difficult for us. We will have to act before we are really ready.†

The Importance Of Love In Cry The Beloved Country By Alan...

Nelson Mandela, a famous equality activist from South Africa, once said â€Å"No one is born hating another person because of the color of his skin, or his background, or his religion †¦ if they can learn to hate, they can be taught to love.† When you are born you know nothing but love, unless you are taught otherwise. Hate is a characteristic that can be changed to love through becoming understanding and empathetic to all people. Arthur Jarvis, a white civil rights activist who was shot and killed in his home and Msimangu a Native priest of South Africa work in their communities to promote love and equality. In Cry the Beloved Country, author Alan Paton uses characters Msimangu and Arthur Jarvis to show how love and outspokenness can start the†¦show more content†¦Love within a community builds unity and eliminates hate; it heals all things. On the other hand, Arthur Jarvis fights for the natives of South Africa, because he knows there should be justice and equality for all. Arthur Jarvis wrote in his book before he was killed, â€Å"It is not permissible to add to one’s possessions if these things can only be done at the cost of other men. Such developments only have one true name, and that is exploitation† (Paton 178). The idea the white men had to come into South Africa for gold, and use its people to work in the mines they were to build did not start out bad. When the mine owners started making money instead of giving their workers an increased pay, they keep the money for themselves. Support: Even though Arthur receives backlash for his beliefs, he expresses that the country of South Africa needs equality: â€Å"We believe in brotherhood, but we do not want it in South Africa† (Paton 187). Analysis: Arthur Jarvis is trying to make a difference because the people of South America cannot do it on their own. This white man who can have anything he wants and chose to support the Natives of a country his ancestors intruded on. His good leadership shows that he will fight for the people, even if his peers disagree. Clincher: Arthur shows good moralsShow MoreRelated The True Meaning of Cry, the Beloved Country Essay1426 Words   |  6 PagesThe True Meaning of Cry, the Beloved Country      Ã‚  Ã‚   Many debates have been sparked by Alan Patons Cry, the Beloved Country.   Even the essence of the books title examines South Africa and declares the presence of the inner conflict of its citizens. The importance and meaning of the title of Cry, the Beloved Country is visible in Patons efforts to link the reader to forthcoming ideas in the novel, Patons description of South Africas problems, and Patons prayer for the solution of SouthRead MoreThe Meaning of the Title, Cry, the Beloved Country Essay1007 Words   |  5 PagesThe 1940 set in time book, Cry, the Beloved Country’s title by Alan Paton have intrigued yet perplexed readers over the years. The title itself has several meanings especially to the different readers and their understanding of it. The title not only expresses the importance but also plays a role in capturing the concept of the book. The reason why the title is significant because in one line it demonstrates the depth of the conflict bet ween the people and their country, though the use of style inRead MoreThe Beloved Country By Alan Paton931 Words   |  4 PagesFamily in Cry, the Beloved Country One cannot run from hardships, for they occur every day, appear suddenly, and can quickly consume hope. Instead one must face these difficulties and overcome them. However, to rise above obstacles alone would only cause further misery and despair. The struggler’s family should rally behind him to comfort and assist him in his time of need. 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Plato s Influence On The Government Of His Time - 1204 Words

Plato is anti-political, in that he removed government from political life. Some would argue that Plato was against the government of his time. That may be true if one takes into account the fact that Plato, who supported the oligarchical Sparta, was growing up in Athens, Greece, who strongly supported a democratic government (Roberts Sutch 2004). Then one could argue that he was against the government because he supported a government (oligarchies) that went against that in which he grew up in (democracies). However, in the overarching concept of being anti-political, then Plato was not anti-political. In fact, Plato was pro-political in that he supported a form of elitism (or oligarchy). To understand how Plato thought of politics, one must understand elitism. Elitism is â€Å"the idea that a minority of human beings are in some way superior, as a group, to the majority† (Roberts Sutch 2004). Plato thought that the government should be split into two classes of people: the artisans (or businessmen) and the guardians. The guardians were then split up into two different subcategories: the auxiliaries (the army) and the guardians proper (the philosopher-kings/rulers) (Roberts Sutch 2004). Plato claimed that â€Å"political justice will be found only when philosophers become rulers or politicians become philosophers† (Roberts Sutch 2004). He believed a just state was to be ruled by the guardians proper. Plato further argues that each of these classes is based on naturalShow MoreRelatedPlatos Influence on the Western Civilization950 Words   |  4 Pages Plato and His Relation to Western Civilization Plato is one of the succinct psychologists, analyst, and scholar the world has ever had. He is a lucrative figure in the birth, generation, and early development of the western civilization. His contributions through ethics, politics, religion, symposiums, and dialogues with Socrates exemplify a myriad of his works since he was a young scholar. He participated in a number of events, theoretical appearances, and analysis, and posting of theoriesRead MoreHistorical Events That Took Place During The Classical Period1458 Words   |  6 PagesSignificant Influences of Aristotle During the Classical Period, 500-232 BCE, Greece was at the peak of its political and cultural achievement. This was also a time of war, most noteworthy being the vast empire created by Alexander the Great. In a period containing such an immense amount of historical significance there is no doubting that it had influenced the people born. Notorious philosopher Aristotle is no exception, contributing a great deal to the fields of mathematics, biology and ethics. 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He born into a prominent and wealthy family in the city and devoted his life to one goal: helping people to reach the state of Eudimonia (fulfillment). Plato is often confused with Socrates Socrates, he was an older friend whom t aught Plato a lot, but didn t write any books. Plato wrote lots of them, 36 full dialogs beautifully crafted scriptsRead MoreAnalysis Of Aristotle s The Golden Mean 1109 Words   |  5 Pagesborn in 384 BC, and was a student of Plato, as well as founded/ taught at several academies. He wrote on diverse subjects, including physics, metaphysics, poetry, logic, politics, government, and ethics. He contributed to almost every field of human knowledge in existence during his time, and he was the founder of many new fields. Aristotle was one of the most influential of the ancient Greek philosophers. Aristotle s theory of the Golden Mean was found in his work, Nicomachean Ethics. This theoryRead MoreStudent Teacher1669 Words   |  7 PagesThe relationship that a teacher and student share is of trust, respect and devotion. Teachers influence their students by shaping their rational and moral virtues and hence, play an important role in molding the society as a whole. The education system of ancient India and Greece shared some common characteristics. In both cultures, teachers and their disciples conglomerated at specific places earmarked for educational purposes. This is where students gained both spiritual and material educationRead MorePlatos Life Essay747 Words   |  3 PagesPlatos Life Plato was born in Athens, about 427 B.C., and died there about 347 B.C. In early life Plato saw war service and had political ambitions. However, he was never really sympathetic to the Athenian democracy and he could not join wholeheartedly in its government. He was a devoted follower of Socrates, whose disciple he became in 409 B.C., and the execution of that philosopher by the democrats in 399 B.C. was a crushing blow. He left Athens, believing that until â€Å"kings were philosophersRead MoreHow Money Has Become The Enemy Of Our Society Essay1562 Words   |  7 Pagesgrowing divide is because of how the people in government utilize influential groups such as lobbyists, in order to pass legislations that benefit their interests. This way of acting occurs because of the importance of money in today s society. According to Socrates, â€Å"victory -loving and honor- loving men become lovers of making money and money-lovers, and they praise and admire the wealthy man and appoint him as ruler, and dishonor the poor one. ( Plato, 551a). Due to the fact that timocrats, who