The Human Desire For Wealth And Inclusion - 1394 Words

COME AS YOU ARE: An Appeal to the Basic Human Desire for Wealth and Inclusion Every day, Americans are surrounded by countless advertisements. On the way to work, billboards and radio ads bombard the senses. Most ads are quickly forgotten while others stick with the audience. What makes some ads memorable and others forgettable? The product may be visually appealing, from a desirable brand, or presented as a solution to the viewer’s problem such as anti-aging cream for wrinkles. Such is the case for an ad for The Venetian resort and casino in Vanity Fair, a high-end magazine. Featured in the ad is an older woman sitting invitingly on a luxurious white bed with bountiful pillows. This ad may appeal to a high socio-economic class of viewers with a desire to belong in a high-class society in accordance with a term called snob appeal (134), coined by Stuart Hirschberg, the Associate Professor at Rutgers University. The argument suggests advancing age will not interfere with having fun by targeting a specific audience, using unconventional visual appeals, a logical text structure, The Venetian’s status to establish credibility, and opportune timing. A trip to Las Vegas entails spending several hundred dollars on a hotel alone. Combining this with gambling, shows, sightseeing, flights, and food, the trip can amount to over five thousand dollars. This ad is only attempting to reach individuals who can afford a stay at The Venetian. The majority of Vanity Fair magazine’sShow MoreRelatedHSC English Essay - Belonging1392 Words   |  6 Pagesï » ¿How have your set text and two chosen texts represented different perceptions of belonging or not belonging? Obtaining a sense of belonging is an intrinsic desire inextricably linked to our human nature. However, the inherent yearning to identify with a society, personality or context; can ironically lead to the compromising of one’s values that in turn hinges our sense of belonging. Such paradoxical interplay between a sense of connection and a loss of self is evident in Emily Dickinson’s poemsRead More Beowulf - Pagan or Christian Epic? Essay1069 Words   |  5 PagesA second pagan reference concerns the monster Grendel. Grendel is a fierce and loathsome creature who roams the moors and despises all people and their pleasures. He is the enemy of everything pure and true. The monster is known for his taste for human flesh and for drinking the blood of his victims. â€Å"That frightful fiend drank down his [Beowulf’s] war-comrade’s blood and then devoured him piece by blood-smeared piece† (p. 394). In the Christian belief system, the drinking of any type of blood ofRead MoreThe Criminal Responsibility Of The Mentally Ill1612 Words   |  7 Pagesodor cannot be fended off, it enters into us like breath into our lungs, it fills us up, imbues us totally. There is no remedy for it.† ― Patrick Suskind, Perfume: The Story of a Murderer. Body odor is an unpreventable component of animals including humans and it is primarily resulted from skin glands or sweat gland excretions. Body odor may give the impression of being absent on certain individuals because its intensity is affected by many circumsta nces such as the environment or emotions. StudiesRead MoreA Pondering Of The Contradictions Of Life1476 Words   |  6 Pagesserving God. The work considers the meaning of life and how one goes about living. Tradition credits Solomon, the third king of Israel, as the author of Ecclesiastes due to the references to being king in Jerusalem and the son of David, and having great wealth and numerous written works (Bullock 183-85; Ehrman 203). The writer discusses women in a negative light, described as leading men to sin, so this could also validate this view. However, some scholars oppose this, saying that details like the use ofRead MoreGreat Gatsby Research Paper1252 Words   |  6 PagesExpectations, The Adventures of Huckleberry Finn are all founded on a similar theme. The same plot line, a hero, most often the protagonist, faces danger and adversity to the highest extreme but always comes out on top. He is depicted as the pinnacle of human triumph and in essence, demonstrates a fundamental strength that all men should strive to achieve. These stories were, â€Å" full of darkness and danger. And sometimes one did not want to know the end; How could the world go back to the way it was whenRead MoreThe Narrative of the Life of Frederick Douglass and its Illustrations of the American Dream1474 Words   |  6 Pagesluxury items. America is considered a land of plenty, and as such, many who come to the United States in search of the American dream have this form of success in mind. The second meaning of the American dream is that of social justice, and the inclusion of all in the social and political aspects of American life. This is the American dream that is best illustrated in Frederick Douglass’ narrative. This is the dream that was sought by the civil rights movement, which was focused on widening opportunitiesRead MoreNozicks Notion Of Historical Entitlement1728 Words   |  7 Pagesand then transferring the holding as well as ensuring it be received in accordance with justice in transfer. A factor that slightly muddies the waters is the potential injustice that may exist somewhere within the chain of transfers. Perhaps the inclusion of slavery or theft for means of acquiring a holding. I will address this concern in more detail in the final paragraph of this essay, but for now I will note that this principle, the principle of rectification of injustice as Nozick deems it, willRead MoreDiversity, Diversity And Inclusion Are Key Components For Or ganizational Success977 Words   |  4 PagesIn today’s workforce, diversity and inclusion are key components for organizational success. Companies who realize that their human assets are one of the most, if not the most, important resource available to them aim to create an environment that embraces the similarities and differences present in its employees. Additionally, these organizations create a culture in which inclusion is a core component, advocated and demonstrated at all levels. One diversity characteristic is that of age. Due toRead MoreHow Loneliness Affects Characters in of Mice and Men886 Words   |  4 Pagesthrough Crooks, Candy, and Curley s wife. Ranch hands are ideal types of people to portray as being lonely, because their constant travel leaves them without someone to talk to or share things with. Steinbeck also shows how important it is for every human being to have a companion. Companionship is necessary in order for someone to live an enjoyable life. Although loneliness affects each one of the characters in Of Mice and Men differently, they all experience negative feelings from their lack of companionshipRead MoreThe Meaning Of Revolution By Hannah Arendt Summary1046 Words   |  5 Pagestyrannical power such as a king or a Machiavellian prince who refuses to distribute wealth amongst his people. Thus, she finds that people in pre-modern times revolted against authority because of their lack of wealth. It is here that Arendt makes the distinction between revolutions by citing America as the first nation to address the â€Å"social question† in that they felt strongly that poverty was not a natural human condition. This in turn prompted American society to live as one that addresses poverty

Reflection Of The Returned - 983 Words

The novel The Returned, by Jason Mott, takes place around 2005, in a small town of 150 people, called Acadia. Acadia is a very religious town, so when people begin to return from the dead, everyone has a different position. The mood from the story conveys many different emotions, when Jacob returns to his mother and father after 50 years in a grave, showing no signs of decomposition, the reader feels a sense of joy for the family, regaining their son. Once it is revealed that events like this are happening all over the world, curiosity and wonder fill the air. The main characters of this novel is the Hargrave family. The father, Harold Hargrave, is about a 70 year old man, with very thin, gray, hair. He has grown shorter than his wife†¦show more content†¦Here, the reader sees that most people in the town wish to have The Returned killed. Shortly after the meeting, the President orders all Returned to stay in their homes. All throughout the world, The Returned are being kill ed and imprisoned. Harold and Jacob are taken prisoner in the Acadia schoolhouse. Lucille attempt to gather The Returned not yet imprisoned and save them. However, Agent Bellamy gets to them first and in an unexpected turn of events: rescues them.When a fight between the soldier and the army of The Returned breaks out, Lucille sacrifices herself to save Jacob, she dies in the arms of her beloved husband and son. After she dies, Harold finds a note Lucille wrote to him. In this notes, she confesses she never truly believed the Returned Jacob to be her real son, but Harold had always believed it. The conflict in this novel is man vs. society, or men vs. society. The Hargraves and The Returned are constantly fighting against the government’s orders on The Returned. When the community of Acadia gathers in the church, the townspeople reveal they do not want The Returned in their town. â€Å"Then the words were on the bottom of the television screen...President Orders Returned Con fided to Their Homes†(89). Once this order is issued, people across the world break out in a mass hysteria, killing The Returned and their families. â€Å"But the government was still not sure what they wanted to do with the people, so they held themShow MoreRelatedAnalysis Of Ovid s The Apollo Essay1556 Words   |  7 Pagesthat is one of the most evil and destructive. Self-importance has the ability to take over the soul, for those who behold it care for only themselves. Though, if one loves themselves then they are loving something that is impossible to be found and returned. Narcissus rejects Echo’s love with no sense of remorse, hurting what her life revolved around. Her love for Narcissus was her life, so when she was rejected she fled. Echo, â€Å"though repulsed, her love persists†¦ [and] she wastes away,† isolated inRead MoreThe Optical-Time Domain Reflectometer827 Words   |  3 PagesThe OTDR is a device that measures distances to a reflecti on surface by measuring the time it takes for a lightwave pulse to reflect from the surface. Reflection surfaces include the ends of fiber cables, breaks in the fiber, splice locations, and connector locations. The ability to provide these measurements simplifies the fault location procedure for fiber systems. The OTDR measures the scattered and reflected light returning from a pulse of transmitted light. Pulses of light are generated fromRead MoreRoberto Matt Making The Invisible Visible1635 Words   |  7 Pagesrapidly approaching, Matta made his way to New York City in late 1938. Here, in the mid-40’s, he changed the style of his work to reflect the terrifying war around himself. This collection of pieces is known as his â€Å"Social Morphologies†, due to its reflection of the political and social perspective of the times, as opposed to his more introspective earlier collection. In this series, his works took on a more linear appearance with machine-like creatures as his main subjects. These paintings also featureRead MoreMarc Calculated The Day s Profit And Set Aside Money894 Words   |  4 Pagesclosed her palm. Smiling, she accepted the money and promised to do as he said. The following day, Tabitha prepared for her trip to Vermouthshire. She stood before the mirror tending to her face. Uri came up, stood beside her, and watched her reflection. â€Å"As always, you’re beautiful.† She beamed, â€Å"Thank you, Son. You’ll make a lucky woman a fine husband someday.† Uri’s smiled to his ears. â€Å"I’m going to purchase a few items for myself and for you. Would you like to come? That is if your father doesn’tRead MoreUniversities Should Require Abroad Programs For Any Majors833 Words   |  4 PagesWelcome Back Reception in the fall for returned study abroad students. At this event, students can meet and talk with each other about their experiences, and we ask them to participate in some reflection activities together. Second, our Study Abroad Fall includes several student showcases, where returned students put together presentations about their experiences abroad. They’re able to showcase their experience to engage students attending the fair. Many returned study abroad students also volunteerRead MoreThe World Is Flat : Summary1115 Words   |  5 Pagestwenty-first century. These convergences include the connection o f the 10 Flatteners, the beginning of our adapting to use these flatteners in an efficient way, and that the economies of China, India, the former Soviet Empire open up to collaborate. Reflection: Because The World is Flat was published in 2005, the basic message of Thomas Friedman’s lecture is fairly common knowledge nowadays. I am well aware of the fact that the world is more connected now than ever before. We have access to an abundanceRead MoreWhy Men Choose Different Childcare Sectors1392 Words   |  6 Pagesethical consideration in order to protect data (BERA, 2011; Great Britain, 1998). Additionally in order to gain access to the high school a gatekeeper was used to distribute and collect the questionnaires, access to the returned questionnaires was minimal as most were returned within sealed envelopes and all participants were aware of the gatekeeper through the attachment letters within the questionnaire (appendix 5). Throughout the collection period the gatekeeper gave any feedback from the participantsRead MoreReflection Essay1616 Words   |  7 Pagesintegral part of nursing. It will also demonstrate how reflection enabled me to make sense of and learn from this experience, as well as identify any further learning developments needed to improve my practice and achieve the level of competency needed for when I qualify as an assistant practitioner. While discussing the knowledge underpinning practice, evidence based literature will be reviewed to support my discussion and for the purpose of reflection the essay will be written in the first person. SpouseRead MoreTeams in the 21st Century Reflection Paper829 Words   |  4 PagesTEAMS IN THE 21st CENTURY REFLECTION PAPER Teams in the 21st century reflection paper Rodolfo Villarreal 06/28/09 University of Phoenix Teams in the 21st century reflection paper â€Å"Individual commitment to a group effort – that is what makes a team work, a company work, a society work, a civilization work.† Vince Lombardi, http://thinkexist.com/quotes/vince_lombardi/4.html By working in teams and experiencing its process, one can learn the importance of sharing ideas, thoughts, and informationRead MoreLeadership Is A Complex Phenomenon Involving The Leader, Followers, And The Situation1587 Words   |  7 Pagesindigenous Liberian head of state, sent Johnson-Sirleaf into exile in 1980 in a military coup lead. President Johnson-Sirleaf returned to Liberia in 1985, ran for a seat in the local Senate and was sentenced to ten (10) years in prison when she spoke out against the Doe’s military regime. She only served a partial sentence before fleeing the country once more. She returned to Liberia in 1997 as an economist working with the World Bank and Citibank in Africa, after Samuel Doe’s removal as head of state

Mr. Ayala Essay Example For Students

Mr. Ayala Essay This year the teacher that made a difference and had a positive impact in myself is Mr. Ayala (you), and no I am not just saying it so I can pull off an A for this class. This year has been the weirdest of weird years in my life. I have always wanted to do well in school and go to college, but I never saw myself really striving for it. This year I really tried to strive for these goals and though I did okay I know next year I will do better because of you. Before in the beginning of your class U. S. History I did not like the way you taught or even you, I remember always complaining to my sister and her husband about you and your belief of treating us like adults and no second chances. I told my sister that I would prove to you that your class was not hard for me and that I would not be one of those kids who complain about your class being to hard and drop out. And I hope that I have proved to you that I am not one of those kids. This year I have not only improved academically but I also learned and took with me good advice. In every lecture of advice you gave the class, I took with me new morals, values, and wisdom that have helped me become a better person. I learned this year to turn in my work on time, do my best in class projects, study hard for test, and to accept things weather or not they are to my liking. One thing I will never forget from this class and from you is the saying you always ask us after every lecture you give us and that saying is â€Å"are you part of the problem or the solution? I hope that I’ll always try to be the solution. The lecture you gave just this past Friday June 6, 2004, Joseph ask you that when you came here did you hope to make a difference in someone’s life. And you did. I thank you for many things for the knowledge you gave me of U. S. History, the guidance you gave me, new morality you set for me, giving me strength of mind, persistence to finish work even when I didn’t comprehend things, and to appreciate the things I have and to value them and make superior use of them. The only thing I regret is not getting to know you. But I am thankful that I had got you as a teacher this year and you are one of my most desired teachers I have had the chance to have. I am truly grateful and I wish the best for you in life and when you’re teaching at carter high school that you receive the best from students over there. Thank you for everything.

Touchstone and East End Athletic Club

Touchstone should emphasize the following leadership Qualities for improvement of operations within East End Athletic Club Emphasis should be placed on qualities such as ability to communicate effectively, ability to relate freely with members and other employees and also training qualities. Touchstone should act as role model in providing dedicated service to customers of East End Athletic club.Advertising We will write a custom coursework sample on Touchstone and East End Athletic Club specifically for you for only $16.05 $11/page Learn More She should ensure that her staff offers unrivaled attention to members so as to create sense of belonging amongst members of the club. Secondly, she has to clearly define various roles within specified sections so as to give employees easy time in associating themselves with areas where their talent and technical skills fit best. This will help in improving work efficiency within the club (Dubrin, 2010). Thirdly, s he should provide charismatic inspiration to all employees; this will ensure members appreciation on the kind of operation roles played by each employee. Then the provision of motivational incentives should be initiated to the employees, this helps in creating good work environment since each employee feel that their contribution and efforts are actually appreciated by the club. Lastly, Touchstone should be result oriented. She should emphasize and direct every action towards activities where results most accrue (Fiedler, 1967). Leadership roles that Touchstone should emphasize in bringing about improvements in operation of East End Club Touchstone should ensure that there is progress in every section of the organization. She should emphasize the importance of teamwork and give proper attention to team members by providing appropriate advices on ways of improving the overall performance of the club. She should ensure that all the programs used are appropriate and up to the tasks. He r leadership role should be reinforced through delegation of some duties to individuals; this ensures that all employees and members are actively involved in the running of the club. She should lead by engaging the staff in open conversations and record every crucial matter that arises from the conversations. She should also be involved in teaching and guiding the team through various processes and showing them various ways of solving specific problems (Dubrin, 2010).Advertising Looking for coursework on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Touchstone should prioritize on both short term and long term needs for the club. In this way she will be providing leadership in terms of utilizing available resources on areas which require immediate attention in the quest for providing quality services to its members. She should be capable of selecting competent leaders capable of working towards achievement of the clubâ €™s long term objectives. Leaders chosen in every department acts as her link points between the club and its members, this is done through playing supervisory on employees ensuring provision of quality services. Lastly, Touchstone should be capable of understanding the needs of both employees and members and act appropriately for the benefit of the club (Cogner, 1992). Recommendations on touch stone leadership responsibility in improving operations at the club She should focus on improving system level performance based on the mission of the club. Touch stone has to establish measures of system-level performance by keeping track of statistics concerning members visiting the club on daily, weekly and monthly basis. This will act as means of measuring improvements results of which should be communicated to employees as a way of making them work hard towards achieving good results (James et al., 2005). She should offer motivational incentives towards every slight improvement in pe rformance. Touchstone should be specific and encourage rewards for good performance on the side of employees. This will prompt workers to work towards improving their services at the club, hence helping in building the club’s image. Members will be left satisfied with services offered whereas workers will feel that their exemplary work is valued (James et al., 2005). Touchstone should consider checking on whether all the required elements are aligned with stakeholder expectations. She should ensure that all actions leading towards risks are overturned appropriately; checking on program costs and implementing the right changes required should also be given consideration.Advertising We will write a custom coursework sample on Touchstone and East End Athletic Club specifically for you for only $16.05 $11/page Learn More References Conger, J. (1992). Learning to Lead: The Art of Transforming Managers into  Leaders. San Francisco: Jossey-Bass. Dubri n, A. J. (2010). Leadership: Research Findings, Practice, Skills. (6th Ed.). NY: Rochester Institute of Technology Fiedler, F. E. (1967). A theory of Leadership Effectiveness. New York: McGraw-Hill. James, L.R., Michael, D. P., Maureen, B. (2005). Seven Leadership Leverage  Points for Organization Level Improvement in Health Care. London: Cambridge. This coursework on Touchstone and East End Athletic Club was written and submitted by user Stephanie Vargas to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Indian Ocean Raid in World War II

Indian Ocean Raid in World War II Indian Ocean Raid - Conflict Dates: The Indian Ocean Raid was conducted March 31 to April 10, 1942, during World War II (1939-1945). Forces Commanders Allies Vice Admiral Sir James Somerville3 carriers, 5 battleships, 7 cruisers, 15 destroyers Japanese Vice Admiral Chuichi Nagumo6 carriers, 4 battleships, 7 cruisers, 19 destroyers Indian Ocean Raid - Background: Following the Japanese attack on the American fleet at Pearl Harbor on December 7, 1941 and the start of World War II in the Pacific, the British position in the region quickly began to unravel. Beginning with the loss of Force Z off Malaysia on December 10, British forces surrendered Hong Kong on Christmas before losing the Battle of Singapore on February 15, 1942. Twelve days later, the Allied naval position in Dutch East Indies collapsed when the Japanese soundly defeated American-British-Dutch-Australian forces at the Battle of the Java Sea. In an effort reestablish a naval presence, the Royal Navy dispatched Vice Admiral Sir James Somerville to the Indian Ocean as Commander-in-Chief, Eastern Fleet in March 1942. To support the defense of Burma and India, Somerville received the carriers HMS Indomitable, HMS Formidable, and HMS Hermes as well as five battleships, two heavy cruisers, five light cruisers, and sixteen destroyers. Best known for his reluctant attack on the French at Mers el Kebir in 1940, Somerville arrived on Ceylon (Sri Lanka) and quickly found the Royal Navys principal base at Trincomalee to be poorly defended and vulnerable. Concerned, he directed that a new forward base be constructed on Addu Atoll six hundred miles to the southwest in the Maldives. Alerted to the British naval build up, the Japanese Combined Fleet directed Vice Admiral Chuichi Nagumo to enter the Indian Ocean with the carriers Akagi, Hiryu, Soryu, Shokaku, Zuikaku, and Ryujo and eliminate Somervilles forces while also supporting operations in Burma. Departing Celebes on March 26, Nagumos carriers were supported by a variety of surface vessels as well as submarines. Indian Ocean Raid - Nagumo Approaches: Warned of Nagumos intentions by American radio intercepts, Somerville elected to withdraw the Eastern Fleet to Addu. Entering the Indian Ocean, Nagumo detached Vice Admiral Jisaburo Ozawa with Ryujo and ordered him to strike British shipping in the Bay of Bengal. Attacking on March 31, Ozawas aircraft sank 23 ships. Japanese submarines claimed five more along the Indian coast. These actions led Somerville to believe that Ceylon would be struck on April 1 or 2. When no attack materialized, he decided to dispatch the older Hermes back to Trincomalee for repairs. The cruisers HMS Cornwall and HMS Dorsetshire as well as the destroyer HMAS Vampire sailed as escorts. On April 4, a British PBY Catalina succeeded in locating Nagumos fleet. Reporting its position, the Catalina, flown by Squadron Leader Leonard Birchall, was soon downed by six A6M Zeros from Hiryu. Indian Ocean Raid - Easter Sunday: The next morning, which was Easter Sunday, Nagumo launched a large raid against Ceylon. Making landfall at Galle, the Japanese planes moved up the coast to strike at Colombo. Despite the warning the previous day and sightings of the enemy aircraft, the British on the island were effectively taken by surprise. As a result, the Hawker Hurricanes based at Ratmalana were caught on the ground. Conversely, the Japanese, who were unaware of the new base at Addu, were equally taken aback to find that Somervilles ships were not present. Striking the available targets, they sank the auxiliary cruiser HMS Hector and the old destroyer HMS Tenedos as well as destroyed twenty-seven British aircraft. Later in the day, the Japanese located Cornwall and Dorsetshire which were en route back to Addu. Launching a second wave, the Japanese succeeded in sinking both cruisers and killing 424 British sailors. Putting out from Addu, Somerville sought to intercept Nagumo. Late on April 5, two Royal Navy Albacores spotted the Japanese carrier force. One aircraft was quickly downed while the other was damaged before it could radio an accurate spotting report. Frustrated, Somerville continued to search through the night in the hopes of a mounting an attack in the dark using his radar-equipped Albacores. These efforts ultimately proved fruitless. The next day, Japanese surface forces sank five Allied merchant vessels while aircraft destroyed the sloop HMIS Indus. On April 9, Nagumo again moved to strike Ceylon and mounted a large raid against Trincomalee. Having been alerted that an attack was imminent, Hermes departed with Vampire on the night of April 8/9. Indian Ocean Raid - Trincomalee Batticaloa: Hitting Trincomalee at 7:00 AM, the Japanese struck targets around the harbor and one aircraft conducted a suicide attack into a tank farm. The resulting fire lasted a week. Around 8:55 AM, Hermes and its escorts were spotted by scout plane flying from the battleship Haruna. Intercepting this report, Somerville directed the ships to return to port and attempts were made to provide fighter cover. Shortly thereafter, Japanese bombers appeared and commenced attacking the British ships. Effectively unarmed as its aircraft had been landed at Trincomalee, Hermes was hit around forty times before sinking. Its escorts also fell victim to the Japanese pilots. Moving north, Nagumos planes sank the corvette HMS Hollyhock and three merchant ships. The hospital ship Vita later arrived to pick up survivors. Indian Ocean Raid - Aftermath: In the wake of the attacks, Admiral Sir Geoffrey Layton, Commander-in-Chief, Ceylon feared that the island would be the target of invasion. This proved not to be the case as the Japanese lacked the resources for a major amphibious operation against Ceylon. Instead, the Indian Ocean Raid accomplished its goals of demonstrating Japanese naval superiority and forcing Somerville to withdraw west to East Africa. In the course of the campaign, the British lost an aircraft carrier, two heavy cruisers, two destroyers, a corvette, an auxiliary cruiser, a sloop, as well as over forty aircraft. Japanese losses were limited to around twenty aircraft. Returning to the Pacific, Nagumos carriers began preparing for the campaigns that would culminate with the Battles of the Coral Sea and Midway. Selected Sources World War II Database: Indian Ocean RaidCombined Fleet: Raids into the Indian Ocean Defense Media Network: Nagumos Indian Ocean Raid

Research on Education in China Essay Example | Topics and Well Written Essays - 1000 words

Research on Education in China - Essay Example China’s view on education had its first beginnings with the teachings of Confucius who taught them that it is important to try something to be able to learn something (Hanyoe, R., 1984). Today, this was translated to the significance they put in reading books and scholarly materials to give them knowledge starting from a very early age (â€Å"China Education, Educational System, Teaching and Learning†, n.d.). Indeed, leaders in China serve as very significant influencers in standardizing educational goals for the whole country. As leaders, they are expected not only to do exert leadership but to serve as social ambassadors of change and success. Currently, China’s educational system is one of the largest and is one that is run by the state or the Ministry of Education. This is the institution that makes sure everyone abides in the nine-year education for all citizens. Basic education in China involves three levels: Pre-school education, primary education, and regular secondary education (â€Å"Primary, Secondary and Higher Education in China†, n.d.). Preschool starts accepting children ages three years old until six and usually lasts up to three years, where the academic year is divided into two semesters. Primary and Secondary education in China have been implemented as the 9-year compulsory education since the promulgation of the â€Å"Compulsory Education Law of the People’s Republic of China†. Secondary education is divided into either academic secondary education or specialized/vocational/technical secondary education. This would give their citizens more freedom and opportunity to enhance th eir skills and interests and use this to better Chinese society all in all (World Bank, W. B., 1997). What happens in academic secondary education is that one would have to go through academic lower and upper middle schools where graduates can have the

Interpretation of Accounts Assignment Example | Topics and Well Written Essays - 2000 words

Interpretation of Accounts - Assignment Example It is here that the various financial ratios come handy in describing the status of the company. The company’s performance can be judged from several accounting and profitability ratios such as liquidity measurement ratios, profitability ratios, debt ratios. The ratios give information about the company’s health and help in decision making to investors, creditors, job seekers and other stakeholders. The company’s current status can also be judged by comparing them with previous years’ financial data or ratios to arrive at the conclusion how the company is faring. Advantages and Limitations of the Financial Ratios On advantage side, it helps read and simply the financial statements. The companies in the same group can be compared with each other. It also helps to understand the trend when compared with the previous years’ financial data. By going through a few numbers, one can quickly assess about the status of the company. On limitations side, it ca nnot explain the difference between two companies from two different industries or groups. It cannot provide correct information when two different accounting standards are followed, for example, USGAAP and UK accounting standards (Accounting Explained, 2012). Having realized the importance of various financial ratios, it would be now most appropriate to do some ratio analysis for Pompomi. Financial Performance of Pompomi Financial Performance of Pompomi can be judged from several accounting and profitability ratios (Financial Ratios, 2012). Current assets as at 31/09/09 ?195,700 Current liabilities as at 31/09/09 ?43,500 Current Ratio = Current Assets / Current Liabilities = 195,700/ 43,500 = 4.50 Acid-test Ratio Acid-test ratio, also known as the quick ratio, takes into account the most liquid current assets that are available to cover current liabilities. It excludes the raw material stock, finished goods inventory or other current assets that cannot be quickly converted to cash. Acid-test ratio = (Accounts receivable + Cash and Equivalents) / Current Liabilities Given, Current liabilities as at 31/09/09 ?43,500 Cash at bank ?20,000 Cash in Hand ?26,500 Accounts Receivable ?100,000 Thus, Acid-test ratio = (100,000 + 26,500+20,000) / 43,500 = 3.37 It is true that higher the quick ratio, the better it is for the company as it is an indication of liquidity to cover the current liabilities. Acid-test ratio is a conservative measurement of company's current liquidity. If the current ratio and acid-test ratio are very close then it is an indication that the company's current assets are not dependent on inventory. However, if the accounts receivables take considerable time to recover (several months instead of several days) then acid-test ratio can certainly mislead the people regarding its quickness to provide liquidity. In this perspective, it becomes essential to know about the average time taken by debtors to pay the money they owe to the company for their fin ished goods purchases. Debt to Equity Ratio of Pompomi The debt-equity ratio is a comparison of total debt to total equity of a company. The ratio also gives information about the company's leverage position that in turn, is an indication of the risk profile of the company. Higher debt-equity ratio can be risky during recessionary phase of the business because huge interest outgo may suppress the profit of the company significantly. Even it may cause liquidity issues impacting working of the company. This does not mean that zero debt company is always good. When the company is in growth phase, its fund requirement is huge and that is usually met through raising debts to a reasonable extent. Debt-equity ratio between the industry groups varies widely; it essentially depends upon the nature of business and the growth