Financial Statement Analysis Essays

Financial Statement Analysis Essays Financial Statement Analysis Essay Financial Statement Analysis Essay Financial Statement Analysis is an analysis which highlights important relationships in the financial statements. It focuses on evaluation of past operations as revealed by the analysis of basic statements. Financial Statement analysis embraces the methods used in assessing and interpreting the results of past performance and current financial position as they related to particular factors of interest in investment decisions. It is an important means of assessing past performance and in forecasting and planning future performance. Techniques of Financial Analysis: Various techniques can be used in the analysis of financial data to emphasise the comparative and relative importance of data presented and to evaluate the position of the firm. These techniques of financial analysis are intended to show relationships and changes. Among the widely can be used of these techniques are the following: 1. Horizontal Analysis 2. Vertical Analysis 3. Trend Analysis 4. Ratio Analysis Introduction to Finance: FINANCE HAS MANY DICTIONARY MEANING SUCH AS MANAGEMENT OF MONEY, PROVIDE WITH MONEY, FIND CAPITAL ETC. FINANCE PLAYS AN IMPORTANT ROLE IN ANY ORGANIZATION. FINANCE HAS NOW DAYS BECOME A SPECIALIZED FUNCTION. IT REQUIRE s overall knowledge of the environment in which it is needed. Finance includes money, banking or credit of different types and classes. Finance is viewed differently by different people depending upon their interests. Management’s promoters, shareholders, lenders (creditors), customers and other have all participated in financing the organization or business enterprise. MEANING DEFINATION: Finance is the process of conversion of accumulated funds to productive use. Finance helps to direct the flow of economic activity and facilitates its smooth operation. : Finances are the agent that produces the result. There are many definitions of Finance. Of all the best was of Howard and Upturn as â€Å"that administrative area of set of administrative functions in an organization which has to do with the management of the flow of cash so that the organization will have the means to carry out its objectives as satisfactorily as possible and at the same time meets its obligations as they become due. Finance is concerned with task of providing funds need by the enterprise on the forms that are most favorable towards the attainment of the organizational goals and objectives. The functions of finance are not merely furnishing funds to the organization. Finance has a broader meaning as it covers financial planning, forecasting of cash receipts and disbursements, rising of funds, use and allocation of funds and financial cash. The area of operation of finance management varies from one company to another, industry-to-industry etc. USERS OF FINANCIAL ANALYSIS: Financial analysis is the process of identifying the financial strengths and weaknesses of the firm by properly establishing relationships between the items of the Balance sheet and the profit and Loss account. Financial analysis can be undertaken by the management of the firm, or by parties outside the firm, viz.. , owners, creditors, investors and others. The nature of analysis will differ depending on the purpose of the analyst. Trade creditors are interested in firm’s ability to meet their claims over a very short period of time. Their analysis will, therefore. Confine to the evaluation of he firm’s liquidity position. Suppliers of long-term debt, on the other hand, are concerned with the firm’s long-term solvency and survival. They analyse the firm’s profitability over time, its ability to generate cash to be able to pay interest and repay principal and the relationship between various sources of finds (capital structure relationships). Long-term creditors do analyse the historical financial statements, but they place more emphasis on the firm’s projected, or proforma, financial statements to make analysis about its future solvency and profitability Investors, who have invested their money in the firm’s shares, are most concerned about the firm’s earnings. They restore more confidence in those firms that show steady growth in earnings. As such, they concentrate on the analysis lf the firm’s present and future profitability. They are also interested in the firm’s financial structure to the extent it influences the firm’s earnings ability and risk. Management of the firm would be interested in every aspect of the financial analysis. It is their overall responsibility to see that the resources of the firm are used most effectively and efficiently, and that the firm’s financial condition is sound. The different techniques for financial statement analysis are: i) Ratio Analysis ii) Trend Series Analysis ii) Common size statement analysis iv) Comparative statement analysis NEED FOR THE STUDY: The major objectives of financial statement analysis are to provide decision makers information about a business enterprise for use in decision-making. Users of financial statement information are the decision makers concerned with evaluating the economic situation of the firm and predicting its future co urse. This study may intended to know the requisition of financial analysis to communicate data to concerned users and their influence on decision making by users. Hypothesis of the Study: This study is to be conducted with a hypothesis that use of ratio analysis as a financial analysis technique is a very effective device to communicate financial data to users. And it can be done with an intention of communicating financial information and to assist decision making process. OBJECTIVES OF THE STUDY: This study is to be conducted with the following objectives- To know about financial statements and their interpretation To study about ratio analysis as a technique of financial analysis To explain the financial analysis process by way of analysing financial data of sample company i. . Maha Cement. SCOPE OF THE STUDY Scope of the study is to study on financial Statement Analysis on Maha Cement. INDUSTRY PROFILE HISTORY OF CEMENT: It must interest to know how cement is made today visa the historical background. Ever since civilizations stepping in the earth, people sought a material that would bind stones into a solid, formed mass. The Assyrians and Babylonians used cl ay for this purpose, and the Egyptians advanced to the discovery of lime and gypsum mortar as a binding agent fro building such structures as the Pyramids. The Greeks made further improvements and finally the Romans developed cement that produced structures of remarkable durability. The secret of Roma success in making cement was traced to the mixing of slaked lime with pozzolana, a volcanic ash from Mount Vensuvius. This process produced cement capable of hardening under water. During the Middle Ages this art was lost and it was not until the scientific spirit of inquiry revived that the rediscovered the secret of hydraulic cement – cement that will harden under water. Most of the building foundations in the Roman forum were constructed of form of concrete, placed in some locations to a depth of 12 feet. The great Roman baths built about 27 B. C. , the Coliseum, and the huge Basilica of Constantine are examples of early Roman architecture in which cement mortar was used. Portland cement today, as in Aspdin’s day, is a predetermined and carefully proportioned chemical combination of calcium, silicon, iron, and aluminum. Natural cement gave way to Portland cement, which is a predictable, known product of consistently high quality. Aspdin established a plant in Wakefield to manufacture Portland cement, some of which was used in 1828 in the construction of the Thames River Tunnel. But it was almost 20years later when J. D. White and Sons set up a prosperous factory in Kent that the Portland cement industry saw its greatest period of early expansion, not only in England, but also in Belgium and Germany. Portland cement was used to build the London sewer system in 1859-1867. Thomas A. Edison was a pioneer in the further development of the rotary kiln. In 1902, in his Edison Portland Portland_Cement Works in New Village, NJ, he introduced the first long kilns used in the industry 150 feel long in contrast to the customary 60 to 80 feet. Today, some kilns are more that 500 feet long. Parallel improvements in crushing and grinding equipment also influenced the rapid increase in production. Since grinding process consumes most of the energy various grinding systems like ball mill/vertical roller mill/roller presses has been the result of technological developments. Blending takes place in silos with air blown in from the bottom to aerate the contents. Various new designs were also developed to increase the efficiency of mixing. HOW CEMENT IS MADE? :- Two main methods of cement manufacturing were prominent, the Dry process and the Wet process. Dry process now has almost replaced the wet process since wet process consumes high thermal energy for drying the moisture. When rock is the principal raw material, the first step after quarrying in both processes is the primary crushing. Mountains of rock are fed through crushers capable of handling pieces as large as and oil drum. The first crushing reduces the rock to a maximum size of about 6 inches. The rock then goes to secondary crushers or hammer mills for reduction to about 3 inches or smaller. It is then ground in ball mill to fine powder with other ingredients like clay/iron ore/bauxite to create a combination of values for silica/alumina/lime etc in the mixture. If the process is wet, the grinding goes on in with water so that slurry is resulted after grinding. This slurry is further mixed in mixers and pumped to kiln. For a dry process kiln, the ground powder is sending to blending silos for uniform mixing of components added during the grinding stage. This blended material is feed to the preheater/calciner. The preheated is a group of cyclones placed over one another where in material comes down and hot gases goes up heating the material and calcining it in the process. Calcinations means liberating carbon dioxide and converting calcium carbonate to Calcium oxide. Calciner is nothing but a duct added to give more residence time to material for calcinations. This partially calcined material then comes to the kiln, which is refractory lined rotating tube having burner fitted in the other end. This burner fires coal/oil/natural gas to create a temperature of 1600 Deg cent at the discharge end. As the material in the kiln rolls down towards the discharge end, various reactions takes place amongst the components resulting in a mass known as clinker. This clinker is then cooled in coolers. The coolers are either planetary type or grate type. Grate coolers of modern time are much efficient resulting in better heat recuperation and allows reusing this heat in the kiln. The cooled clinker then either goes to storage silo or clinker yard. From the clinker yard it is taken for grinding. In case ordinary Portland cement is made only gypsum(4-6%) is added before grinding. In case of Portland pozzolona cement additives like Flyash/brick etc are added. Grinding again is same like for raw material grinding with ball mill or with latest technologies like vertical mill/Roller press etc. The cement powders then taken to packing plant or discharged from silo to a bulk loader directly. COMPANY PROFILE MAHA CEMENT PROFILE Establishment: The Organization â€Å"My Home Cement Industries Limited† is a fast growing and leading Indian industrial group having its head office at Hyderabad and works at Meelacheruvu in Nalgonda district in Andhra Pradesh. It belongs to the groups of my home constructions limited, a leading construction company in South India. The company is new entrant in the field of cement manufacturing where already leading brankds like Priyadarshini, Ramco, Raasi and Kakatiya have got deep penetration into the market. The brand name of the cement produced by the company is â€Å"Maha Cement† which is expected to have an image of Mahashakti and Mahavalue. M/s My Home Cement Industries Limited is a public limited company, which is incorporated in 1955. The company commenced its commercial products from 1st july 2000. The cement conforms to the ISI standards and is being marketed under the name of Maha Cement. Maha Cement Industries, a leading cement manufacturing company in Andhra Pradesh having an installed capacity of 6 Million Tonns per annum for immediate placement at their 3 plants located in Andhra Pradesh. Location of plant The factory is situated at Mellaceruvu, Nalgonda district . The pricipal raw material for the plant is limestone and is available in abundant quantities near the plan. Location of the plant at Meelacheruvu has the following advantages. 1. Cheap availability of the required land 2. Abundant water resources 3. Proximity of raw materials 4. Proximity of market 5. Availability of financial subsidiary 6. Plant is nearer to head quarter 7. Wearer to railway siding 8. Well connected road and rail transport 9. Availability of labors Salient features of Maha Cement High strength and great durability A very susceptible saving in cost (up to 20-25%) due to low setting time Superior quality of cement resulting in a better overall finish Stronger bonding with aggregates. Till now the company has not faced much difficulty in marketing its products. As the quality of cement produced by the company has been proved to very good. It has been well accepted by the markets in Andhra Pradesh and Tamilnadu. The company has established wide dealer network throughout the Andhra Pradesh and Chennai and at some places of Tamilnadu (north). In additions the group companies my home construction projects on hand would by cement from the company. The marketing department is aptly directed by AVP (marketing). The dealers are carefully selected after making a through analysis of the same. The company has marketing officers placed at strategic places to maintain the sales. RESEARCH METHODOLOGY Data: Both primary data and secondary data will be used but much stress may give to primary data in the form of financial reports of the company. Primary data with regards to financial data of MAHA CEMENT will be collected from the concerned authorities. Secondary data has to be collected by way of review of existing literature, reference books and articles in accounting and financial journals. This data can be used for gaining an insight into understanding how to interpret financial data and the result thereto. Sample: The sample for this particular study was MAHA CEMENT. Statistical Techniques: Ratios will be used as statistical techniques to analyse the data collected. CHAPTERIZATION I will divide the Total study into five Chapters and I will follow this plan of the study for the better outcome of the Project. 1st Chapter is allotted for the study about Introduction to the Topic, Objectives of the present study, Need, scope, Methodology and Limitations of the Study. 2nd Chapter is allotted for the study about Company and Organization Profile. 3rd Chapter deals with Theoretical background that supports the study. 4th Chapter Mainly emphasizes the Data analysis and interpretation. 5th Chapter is allotted for conclusion and suggestions.

Definition and Examples of Baby Talk

Definition and Examples of Baby Talk Baby talk refers to the simple language forms used by young children, or the modified form of speech often used by adults with young children. Also known as motherese or caregiver speech. Early research talked of motherese, notes Jean Aitchison. This left out fathers and friends, so caretaker speech became the fashionable term, later amended to caregiver speech, and in academic publications, to CDS child-directed speech Examples and Observations Eloise Robinson and John Redhead Froome, Jr. As I mounted the porch steps I could hear Miss Altheas voice through the open window. She was apparently, I regret to say, speaking to Mabel, for her words had a soft, cooing sound and were such that, were it not for the sake of veracity, I should be inclined to omit them. Is muvvers ittle cutey takin its ittle beauty nap after its din-din? Did it like its din-din? Good din-din with chicken in it for ittle cutey baby! Thats right, take its ittle beauty nap till its muvver turns down. She wont be longwont be long! Muvvers ittle sleepin beauty, ittle cutey beauty! There was more of the same or a similar, variety to which my decisive ring at the door-bell put a hasty end. –Dead Dog, 1918 Lawrence Balter Linguists who have studied the structure of baby talk words have pointed out that there are some typical sound change rules that relate the baby talk word to its adult equivalent. For instance, reduction of the word to a shorter form is common, as is reduplication of the short form, hence, words such as din din and bye bye. It is not clear, however, how some baby talk words were derived: no simple rule explains how rabbits turned into bunnies.Although there is a traditional baby talk vocabulary, almost any word in English can be turned into a baby talk word by the addition of a diminutive ending, -ie: foot becomes footie, shirt becomes shirtie, and so forth. These diminutive endings convey affectionate as well as size connotations. –Parenthood in America., 2000 Sara Thorne Baby words like doggie or moo-cow do not help a child to learn language more efficiently. The reduplication of sounds in words like baba and dada, on the other hand, does enable babies to communicate because the words are easy to say. –Mastering Advanced English Language, 2008 Charles A. Ferguson [T]he reduplication in baby talk is generally separate and unrelated to the use in the normal language. Reduplication can probably be regarded as a feature of baby talk throughout the world. –Baby Talk in Six Languages, 1996 J. Madeleine Nash When speaking to babies, Stanford University psychologist Anne Fernald has found, mothers and fathers from many cultures change their speech patterns in the same peculiar ways. They put their faces very close to the child, she reports. They use shorter utterances, and they speak in an unusually melodious fashion. –Fertile Minds, 1997 Jean Aitchison Caregiver speech can be odd. Some parents are more concerned with truth than with language. The ill-formed Daddy hat on might meet with approval, Yes, thats right, if daddy was wearing a hat. But the well-formed Daddys got a hat on might meet with disapproval, No, thats wrong, if daddy wasnt wearing a hat. You might expect children to grow up telling the truth, but speaking ungrammatically, as some early researchers pointed out. In fact, the opposite happens. –The Language Web: The Power and Problem of Words, 1997 Debra L. Roter and Judith A. Hall Caporael (1981) focused on the use of displaced baby talk to the institutionalized elderly. Baby talk is a simplified speech pattern with distinctive paralinguistic features of high pitch and exaggerated intonation contour that is usually associated with speech to young children. More than 22% of speech to residents in one nursing home was identified as baby talk. Further, even talk from caregivers to the elderly that was not identified as baby talk was more likely to be judged as directed toward a child than was talk between caregivers. The investigators concluded that this phenomenon is widespread and that baby talk directed toward elderly adults was not a result of fine tuning of speech to individual needs or characteristics of a particular patient, but rather a function of social stereotyping of the elderly. –Doctors Talking With Patients/Patients Talking With Doctors, 2006 Topher Grace (as Eric) You know, mom, there comes an age in a boys life when the baby talk stops working. Yeah, when it does, it just gives a boy the urge to kill. –That 70s Show, 2006

Writer's choice Research Proposal Example | Topics and Well Written Essays - 1250 words

Writer's choice - Research Proposal Example The development pattern of childhood obesity is similar to obesity in adults. In the past, questions have been raised over whether childhood obesity differs from obesity in adulthood. Research has shown that the definitive attributes of obesity are constant in all age groups. As children grow, fat cells multiply and when calorie intake outweighs expenditure, the number of fat cells increases. According to Farley & Dowell’s 2014 investigation, in the event that fat cells have attained their maximum size but calorie intake still outweighs expenditure, they (fat cells) continue expanding rapidly, leading to accumulation of fat in the body. This is what differentiates overweight children from obese children, although the two conditions are often confused. Fat loss results in a decrease in the size – not number – of the fat cells. Findings of a research conducted by Green (2013), show that there is a positive correlation between heightened levels of the hormone leptin and obesity. In research settings, leptin is commonly referred to as the â€Å"fat hormone,† the â€Å"obesity hormone,† or the â€Å"starvation hormone.† An increase or decrease in the amount of leptin secreted can affect calorie intake, calorie expenditure, and energy balance. For example, findings of a study conducted by Dawes (2014) reveal that obese children have higher blood leptin levels compared to those with normal weight because they have higher percentage body fat. Voigt, Nicholls & Williams (2014) conducted a study whose results suggested that obese children also exhibit resistance to the hormone in the same manner as type 2 diabetics show resistance to insulin. Their elevated levels of leptin mean that they cannot control hunger or their weight. On the other hand, obese children who lose weight experience a decline in blood leptin levels, leading to temporary declines in sympathetic tone, calorie expenditures in skeletal tissues, and thyroid

Creative Accounting Essay Example | Topics and Well Written Essays - 3500 words

Creative Accounting - Essay Example It has been pointed out that conflicting interests of shareholders and managers often lead to the use of creating accounting. After having successfully assembled the resources, the company is also required to assure all its stakeholders that it is indeed making good use of the resources in a manner benefitting all the stakeholders. In fact creative accounting is done very much within the legal framework and the prevailing accounting standards, but quite often done to camouflage the actual picture. It won't be an exaggeration if we say that creative accounting is done with the help of the weaker points in the law of the land and the accounting standards. Creating accounting has also been termed as 'window dressing', 'aggressive accounting' or 'fiscal gimmickry' by analysts from time to time. People from outside the company as well as stakeholders from within the company make use of financial accounting details to arrive at a decision regarding their decision to continue with the company or look for a better opportunity. The shareholders will go through the financial details in order to figure out the profit margins and percentage their own earnings in the form of dividends, interests or bonus shares. Some of the inferences that could be drawn using financial accounting information include; Creating accounting is therefore an effort to influence all these ind... v. Pointing out the lapses in utilizing the financial resources judiciously vi. Putting a stop to corrupt practices and different types of pilferages taking place within the organization vii. Ensuring that the accounting practices are in tune with GAAP viii. Assessing the need for further inputs in the form of finances, workforce or other resources for ensuring functioning of the organization Creating accounting is therefore an effort to influence all these indicators in order to remain out of immediate trouble. Manipulation in maintaining the account books is one such practice, use of which by some companies has come to light, during the last couple of years. Accounting as such is used for maintaining the account of quantitative information about the transactions involving finances and resources of a company. In other words it is the process of identifying, measuring, handling and communicating the financial information about different economic entities for being used by the concerned parties. Showcasing healthy account books in the public domain certainly helps the company and its management in attracting better reviews and commitments for the future growth of the company. This often results in managements resorting to creative accounting practices, which is mainly done to influence the opinion about the company and sometimes to conceal some unethical practices of the m anagement or the company. Some of the widely used practices for manipulating the account books include; Making use of the depreciation i.e. by profits can be inflated by increasing the useful life of an asset and thus spreading the charge over a longer period of life. For example a company can spread over the useful life of its

Country Analysis- India Essay Example for Free

Country Analysis- India Essay India functions on a democratic system, which heavily influences the political situation of the country. However, this democracy stems from a caste system. A caste system is a social grouping that combines a group of particular members based on specific professions and usually leads to the isolation of each individual caste. The Indian people adopted the caste system to create an easy differentiation of communities and neighborhoods. Recently in India there has been a relaxing of the caste system depending on the part of India in which you are looking. In the cities you will see more of an intermingling and mix of the higher caste systems but as you explore the rural areas, you find a traditional form of the caste system. In recent years India has become the largest democracy in the world. The economy is highly affected by the political situation in India. The country suffers from high unemployment and poverty as two of its main issues that currently influence the economic standing of the country. With two opposing parties with vastly different views for the vision of the economy the country is found being pulled for a free market economy and an economy that strongly opposes globalization and favors a â€Å"land-for-all† attitude. (â€Å"Politics of India†) In India the legal situation highly resembles a common law model that is found in England today but is clout with Indian culture. In the courts India has a judge that acts as a neutral party that enforces the law fairly amongst each party. The government too has three branches: the executive, the judiciary and the legislative. The courts hold a common theme of carrying out justice to the people. (Srikrishna) One article says, â€Å"According to Gallups annual public opinion polls, India is perceived by Americans as their 7th favorite nation in the world† (â€Å"India-United State Relations†) Based off this observation, the relationship between the United States of American and India seems to be quite close and cordial. However, this does not mean the countries have always agreed on every matter. Back in the late 1990’s when Atal Bihari Vajpayee became the Prime Minister he began to authorize testing of nuclear weapons and the United Sates chose to form against them and eventually was mandated to cut off economic ties. In 2001 the United States under the Clinton administration began to have economic discussion, opening the door for the Bush administration to partake in close monitoring of India’s nuclear weapons and began strengthening the economic ties. The two countries have really come together in times of need such as  the attacks on September 11,2001 and the December 2004 tsunamis. The most recent development in the relationship is under the pressing of the Obama administration. Right out of the gate of the first term of his presidency, President Obama addressed the issue of the Indian-American relationship and said that he was going to take the steps necessary â€Å"further strengthen the excellent bilateral relationship† (â€Å"India-United State Relations†) This goal was communicated vastly amongst the administration, assuring the citizens of both countries that it was a beneficial relationship. The main person taking care of this relationship is Hilary Clinton. As time passed the country of India became concerned that the relationship was not being as cared for like they were assured would be done. Rather they believed the United States was more focused on their relationship with China and eventually the country of Pakistan. The issues of the bilateral relationship continued to struggle for some time, even after a visit to the White House from Prime Minister Singhin November 2010, which was to hopefully fix or strengthen the relationship. In May 2010 President Obama communicated that shared values, interests and the two larges democracies established the partnership between the United States and India. (â€Å"India-United State Relations†) The economic relation between the United States and India has been continuing to be strengthened since the Clinton administration where the bilateral economic dialogue was established. This is a system where the accountability for consultations amongst multiple high powers. (See exhibit A) (â€Å"Embassy of India†) Since this original discussion; there have been multiple dialogue mechanisms to strengthen the bilateral relationship on the economy and trade issues. This includes different forums and financial partnerships. In the first seven or so months of the year 2013 the United States of America increased the percent they did trade with India 7.4%. (â€Å"Embassy of India†) The relationship of the United States and India is perfectly summed up by the words of the National Security adviser Shivshankar Menon, From a time when we dealt with each other formally, sometimes warily, we today have a full spectrum relationship, between our governments, our peoples and our institutions. (Menon) In the year 2011 the Gross National Product increased over 8 billion INR, an increase of 11,846.1 INR since 2010. It has a forecast of following a trend and reaching almost 9 billion INR for the next year. This is also a steady view of how the inflation levels have  effected the GNP of India and will continue do so in the future. (See exhibit B) (No current data was found) (â€Å"India Gross National Product†) The most current GNP per capita was calculated using the PPP to the US dollar using the atlas method divided by a midyear population. In 2011 in India, the GNP resulted to be $1,420.00 at a ranking of 142/191. In consideration of the past is a very steady increase, however, in comparison the U.S it is hardly an increase at all. (â€Å"India-GNI per capita) As of 2006 India spends 3.11% of their gross national product on their education system. Looking to increase this percentage over the years and have lowered the illiteracy rate by 2015. (â€Å"Infochange India†) Today when discussing the opportunity for a company, of any kind, but especially a U.S company, to manufacture in India the support to do so is quite present. One major benefit of manufacturing in India is that the government has been putting into place a plan of action to create a substantial steady flow of economic progress and one of the crucial aspects is through manufacturing. It began in 2010 with the implementation of a Manufacturing Policy, that industry and the government fully supports. The plan began with the rubber industry in India and where they were choosing to invest, it has continued into medical supplies, a chocolate factory and a huge factory by the direct marketing company, Amway. The Prime Minister has stated that the commitment of expanding the manufacturing in India is of highest priority for the economic growth of the country. (â€Å"Manufacturing Sector in India†) Another great aspect of pursuing manufacturing in India versus a country like China is the possibility of lower wages in India, China continues to raise the minimum wage. There is also the language barrier that disappears when you choose to manufacture in India versus another foreign country with a different native tongue. There is also a younger work force in India than in China and with a similar government as that of the United States it is easier to do business. (Shilling) With all the rage to rush off and pursue manufacturing in India there are those who have doubts, like the unknown author of the article in The Economist, the author says, â€Å"If India is to become ‘the next China’—a manufacturing powerhouse—it is taking its time about it.† (â€Å"Manufacturing in India†) When it comes to a company from the United States and whether or not to compete in India, there is good support that says to go for it. Now a days we have so many jobs outsourced to India it seems foolish to not take it a step further. Particularly in the software industry, there is a large convention that is held there annually and the United States is greatly underrepresented and most likely missing out on big opportunities, because the reality is that the show will go on with out the U.S present. India has been focusing on the service industry over the last years but are now moving towards an industrial form of business. Also present is a strong entrepreneurial spirit, which can be wonderful for a new company coming in because the people will be willing to get in on the ground floor of an international operation, as well as bring new ideas and twists to the table. (â€Å"Americans Should Jump on the India Wave†) Another aspect in general to approach entering any country competitively is the exchange rate and currency. Look into how the country performs monetarily and see how the exchange rate and inflation will affect your business on the day-to-day operations but also over time. (Aimes) When going back and looking at the idea of manufacturing and competing in India based off the Economic Freedom Index, the index can mean multiple things for both. In general India is a 55.2 out of 100 in Economic Freedom. This is 119th out of 177, (not including Lybia) while the United States is scores a 76.0 sitting at the top as number 10 of 177. When assessing the index with the idea of a company from the Unite States manufacturing in India I look the factors that influence the index such as the labor freedom, this looks into the aspect of the legality of the labor market of the country, or in our case, India. This means that as a company we have to be cautious not to abuse or practice the immoral practice of extremely low wages or poor work conditions. As far as competing the issue that stands out to me pertaining to the EFI is the corrupt factor, with a low score like India, as a company one would need to watch closely at the practices taking place overseas. (â€Å"Index of Economic Freedom†) The Human Development Index in India is found in the medium HDI. Since 2011 India’s HDI decreased by 2 but is forecasted to increase .07 over the next year. The HDI refers to how the country’s population is take care of, such as life expectancy, education,  etc. This covers the wellbeing of the citizens of the country; I think this affects the manufacture and competitive aspect equally. If the people are not taken care of who is going to manage and operate the company, as an organization it would just be something that must be kept in mind. (â€Å"Human Development Index†) Pertaining to the Global Competitiveness Report it is hard to know how they would affect us because as a country India is not present in the top 30 for the last four years. So the assumption is made the India is not as competitive as portrayed by some people, but that does not mean there is no room for growth. (â€Å"Global Competitiveness Report†) India holds a score of 36 on the corruption perceptions index; this means that again when looking into entering the country either with manufacturing or competitive ambition one must asses the risk that is going be taken, such as how will the government treat your corporation as well as how will the patrons of the country view your corporation. (â€Å"Corruptions Perception Index†) Last but definitely not least another report that is very useful in assessing the want to on pursuing a manufacture or competitive is the World Press Freedom Index. India is in the difficult situation range in this index meaning, that freedom of speech is kind of difficult to actually have because the government watches closely to what is being spoken and said about their country and the people in it. (â€Å"Reporters without Borders†) Based off the indexes and other information presented above do not believe as a company of the United States need to enter the market in India. I believe this is so because of the uncertainty of the market, as stated above India has great potential to grow and be the next China but it has been heading in that direction since the 1950’s and not much change is evident. There are aspects about the country that would be desirable to enter into and if doing so I recommend the company use the strategy of global standardization. This strategy uses the low cost of the country to its advantage and in the United States outsourcing is chosen for that very reason, so instead of just outsourcing I believe it would be wise to use this method to pursue a start up of an international branch in a country like India where there is low labor cost and where it is not necessary for the people to respond due to the fact that there is a low economic freedom and instead it relies more on the main office back in the United States rather than the host country, or in our case, India. (Aimes) Exhibits Exhibit A Exhibit B Works Cited Aimes, Frederico. Foreign Exchange. Online Lecture, Stillwater. 07 Oct. 2013. Lecture . Aimes, Frederico. International Business Strategy. Lecture. International Management Lecture. D2L, Stillwater. 09 Oct. 2013. Web. 09 Oct. 2013. Americans Should Jump on the India Wave. Web log post. Boston.com. N.p., 21 Feb. 2012. Web. 11 Oct. 2013. Corruption Perceptions Index. Wikipedia. Wikimedia Foundation, 10 Aug. 2013. Web. 11 Oct. 2013. Embassy of India Washington DC (official Website) United States of America Economic Relations. Embassy of India Washington DC (official Website) United States of America Economic Relations. N.p., n.d. Web. 11 Oct. 2013. Global Competitiveness Report. Wikipedia. Wikimedia Foundation, 21 Sept. 2013. Web. 11 Oct. 2013. Index of Economic Freedom. Wikipedia. Wikimedia Foundation, 10 June 2013. Web. 11 Oct. 2013. India GNI per Capita. India. N.p., n.d. Web. 11 Oct. 2013. India GDP per Capita. TRADING ECONOMICS. N.p., n.d. Web. 11 Oct. 2013. India Gross National Product. TRADING ECONOMICS. N.p., n.d. Web. 11 Oct. 2013. India–United States Relations. Wikipedia. Wikimedia Foundation, 10 May 2013. Web. 10 Oct. 2013. Infochange India. India Invests Just 3.3% of Its GNP on Education. N.p., n.d. Web. 11 Oct. 2013. List of Countries by Human Development Index. Wikipedia. Wikimedia Foundation, 26 Sept. 2013. Web. 11 Oct. 2013. Manufacturing in India: The Masala Mittelstand. Editorial. The Economist 11 Aug. 2012: n. pag. The Economist. Web. 11 Oct. 2013. Manufacturing Sector in India. , Manufacturing Industry, Indian Industries. India Brand Equity Foundation, Sept. 2013. Web. 11 Oct. 2013. Menon, Shivshankar. India, US Ties Have Come a Long Way: Shivshankar Menon. The Economic Times. N.p., n.d. Web. 11 Oct. 2013. Politics of India. Wikipedia. Wikimedia Foundation, 10 June 2013. Web. 10 Oct. 2013. Reporters Without Borders. Wikipedia. Wikimedia Foundation, 10 Oct. 2013. Web. 11 Oct. 2013. Shilling, A. Gary. Why India Will Displace China as Global Growth Engine. Bloomberg.com. Bloomberg, 16 Dec. 2012. Web. 11 Oct. 2013. Srikrishna, B. N. (2008) The Indian Legal System, International Journal of Legal Information: Vol. 36: Iss.2, Article 8. Available at: http://scholarship.law.cornell.edu/ijli/vol36/iss2/8

Decadence and Aestheticism :: History Historical Papers

Decadence and Aestheticism Many may wonder if the era of the 1890’s was the beginning, end, or change of a new age. The era can often be described as modern, advanced, and different. Many people were experimenting, inventing, and trying new things. Decadence and Aestheticism arose. Decadence emerged as a dark side of Romanticism in that it involved forbidden experiences. Decadence was referred to as moral, social, and artistic. As Beckson says, "The dark side of Romanticism derived from Poe and other writers who defined it as strangers united with beauty"(Page 40). The distinguishing feature of a Decadent is the retreat of reality. For example in "The Importance of Being Earnest" by Oscar Wilde, Algernon and Jack have a pretend character that they often used as an escape from reality. Decadence represented Symbolism and Impressionism. Also known as fin de siecle, Decadence is described by Arthur Symons, a participant observer who said, "it has all the qualities that mark the end of great periods, the qualities that we find in the Greek, the Latin, the Decadence, an intense self consciousness, a restless curiosity in research , and a spiritual and moral perversity."(Altick Page 296). In Aestheticism, life is viewed as an art. Aesthetes found beauty in art and in whatever was attractive in the world. Altick said, "The connecting link was Rosetti, whose poetry and painting inspired the Aesthetes"(page 291). Art’s purpose for the Aesthete was for pleasure. The Aesthetics interpreted his artistic aim as the pursuit of beauty separated form social meaning. Oscar Wilde’s theory towards Aestheticism was that the only reality worth seeking was not material goods but the individual experience. And so Aestheticism involved a complete revulsion against received standards of values. Aesthetics found that through their great interest in beauty, pleasure that is derived form objects of art is more beautiful than other pleasures. The truth about an Aesthete is that the mind is usually more active in a creative sense in the appreciation of nature than in the enjoyment of a finished work of art. An Aesthete has a great appreciation for nature. One may look at an object, place, or person and perceive it a different way than another person may perceive it. He does not actually see them the way they appear but his imagination gives his perception a memory picture of them. For an Aesthete to obtain pleasure, "it is the perspectives of perception that is necessary to an understanding of both appreciation and creation"(Langfield page 24).

Indian Price Rises

Rising Price in India wrote by : MILAN CHATERJEE ,india from : http://www. publishyourarticles. org/eng/articles/rising-price-in-india. html Today, India is facing many problems – the problem of corruption, the problem of unemployment, the problem of illiteracy, the problem of population, so on and so forth. The problem of rising prices is one of the most important problems that Indian is facing now. This problem is two-fold to check the rising prices and, if possible, to bring the prices down. The economists are of opinion that growing economy of the country has given rise to the rising prices. Such economy causes inflation.In inflation purchasing power runs ahead of purchasable goods. In other words, in a growing country, the supply of money increase at once but the supply of goods takes time to increase. Again the population has increased. This has further increased inflation. Because of growing population the current corruption is increasing. There is another cause of risi ng prices. The production of consumption goods has been very slowly rising. Our plants are also responsible for the present food situation. High targets were set to be achieved in defense and development. Levels of outlay on the development were suggested.No consideration was given to the existing state of economy. The pressure on real resources has been increasing. The gap between the return and investment also has its effect upon the present price situation. Thirdly, the kind of system of Government is liable to inflation. Restraint cannot be exercised in spending. Often it happens that claims have to be met mainly allocating funds. In the period of rising prices, the rich got richer and poor, poorer. The rich own the means of production. They pay the laborers handsomely. But they take of the left hand what they gave with right hand.The cost of goods swells up. The prices naturally go up. What his master gives him, the market takes. Rising prices encourage hoarding, profiteering, black –marketing and corruption. They discourage export. They cause devaluation of currency. Lastly, they seriously disrupt equitable distribution of wealth. The problem is very dangerous. It needs measures – short and long term, to be adopted. These measures include as appeal mixed up with threat to the sellers, raids on go downs and other hoards of grain, the seizing of black, the cut of Rs 400 crores in central expenditure, the ncrease in bank rates to 5 %, the opining of fair price shops, the rationing of provisions, the imports of food-grains from some foreign counties, the curbing of unproductive expenditure by the Government, the readjustment in the scale of pay and the emphasis on small plants. The short term measure will help the government to hold the price-line. The long term measures will help the government to withdraw the huge amount of money pumped into circulation during the last year. Corruption has also given rise to rising prices. Analyze the news In dia has been having this economic cycle for centuries.But the issue of price of goods has been rising in India had been considered just a while ago. In the past, this economic cycle started with the problem of its population. The inequality distribution of wealth makes the poor suffer from starving as they do not have money to buy food or clothes. On the other hand, the rich just kept taking advantage of whomever underneath them. Nowadays, India has been intervened by other countries that want to help to improve the quality of life of the poor in India. Due to the better quality living of the people, they seem to have more purchasing power than before.The growing population in India, is also the result of improving quality of life, is creating a shortage of consumption goods. Because the demand increase rapidly more than the supply of goods. The increasing of population also creates more corruptions between the government and the investors, because rising price guides them the ways of making more benefits. These all situations have just creating further problems continuously from the past. It seems like these problem would never end because if they cannot fix one spot on the cycle, the other spot would never be solved.

The role of nuclear energy in the field of medicine

Nuclear energy is a type of energy which is released by a reaction called as nuclear reaction. There are two main types of nuclear reactions, one is called fission and the other one is fusion: In Fission reaction it releases a nuclear energy when a single heavy nucleus seperates into two smaller ones, causing energy to be released . The most common element used to undergo nuclear fission is uranium because uranium has many favorable properties. Uranium nuclei can be easily split by applying neutrons at them. The fission reaction is used to make heat for producing steam, which is then used by a turbine to generate electricity. but if in a fusion reaction a two single nuclei combines together to form another nucleus which is heavier. This reaction occurs only under very hot conditions. Nuclear fusion is used to generate a lot of energy in the form of light, hear and radiation. This energy supports life on our planet and it was the only energy early mankind used. 1) â€Å"What Is Nuclear Energy.† What Is Nuclear Energy. N.p., n.d. Web. 22 Aug. 2012. . 2) â€Å"Nuclear Energy.† ThinkQuest. Oracle Foundation, n.d. Web. 22 Aug. 2012. http://library.thinkquest.org/3471/nuclear_energy.html Picture 1: 1) Picture 2: â€Å"Free Energy: Nuclear Fusion in the Quran.† Pakalert Press. N.p., n.d. Web. 22 Aug. 2012. . Scientists have discovered that nuclear energy can be used in treating various diseases such as cancer, heart disease, endocrine, gastrointestinal and other abnormalities found inside the body. Nuclear energy provides a good solution in treating certain diseases affecting people in today’s world. In the field of Cardiopulmonary. Nuclear energy is used in scanning and visualizing blood flow and also heart function. In treating cancer diseases such as Melanoma and breast cancer, Nuclear energy can have their lymph mondes located first before doing the surgery. It can also find out whether there are respiratory problems and blood flow in lungs. Another major important use of Nuclear energy is for the treatment of various cancers such as Melanoma and breast cancer. Patients having Melanoma and breast cancer can have their lymph nodes found first before doing the surgery, thyroid cancer and tumors that spread to the bones are also cured by using Nuclear energy. In other diagnostic use of nuclear energy, Nuclear energy is used to evaluate tumors, arthritis, fractures and infenction of bones. Locating the area where there is an infection, identifying problems causing gallbladder inflammation and bleeding into the bowel can be treated using nuclear energy. It can also be used to investigate brain abnormalities, such as loss of memory, seizures and abnormalities in blood flow. â€Å"General Nuclear Medicine.† Nuclear Medicine, General. N.p., n.d. Web. 26 Aug. 2012. . â€Å"How Is Nuclear Energy Used in Medicine?† Yahoo! Contributor Network. N.p., n.d. Web. 26 Aug. 2012. . The effectiveness of using nuclear energy to solve diseases is very effective because for eg; if a patient having cancer undergoes surgery, before doing the surgery doctors need to locate the specific area where the cancer are located to do this X-ray tomography or (CT) scans work by using nuclear tracers to emmit gamma rays once the rays are inside the body, special cameras are able to pick up the emitted gamma rays and show to the photo of the organ or the part where the cancer is to the doctor. This helps the doctors to successfully treat the patient. Another more advanced technology called a Positron Emission Tomography (PET) isused in determining patients with cardiac conditions, problems in the brain and cancer, first positron-emitting radionuclides are injected into the patients body and then they gravitate to the organ and they begin to quickly decay. They emmit a positron and an electron from inside of the patients body an two very distinct gamma rays which the PET scans and forms an image. The photo helps doctors to locate where the problem is, this is more advanced than CT scans. Comparing methods like CT scans and PET scans to other methods like Endoscopic ultrasound and others to determine where the cancer is to methods like brain scan, the method of CT scans are likely to be more dangerous and may harm the patient because in CT scans they use contrast agents which are chemical substances that are exposed to the human body when they are running the test. Contrast agents like Iodine is the contrast agent which is the most commonly used contrast agent can cause allergic reactions to some patients which includes a rash, a warm sensation or even in a worst case scenario difficulty to breathe normally. Also in CT scans it involves patients to get exposed to ionizing radiation which is known to cause cancer. This becomes a problem for people who need multiple scans and also for children because children are more sensitive to radiation than to adults. So even though CT scans can help doctors to locate where the disease is they aren’t that reliable and can be harmful as well if they are not used properly. â€Å"Symptoms & Diagnosis.† Symptoms & Diagnosis. N.p., n.d. Web. 26 Aug. 2012. . Cioffi, Rebecca. â€Å"How Does Nuclear Medicine Actually Kill Cancer Cells?† EHow. Demand Media, 30 Apr. 2009. Web. 26 Aug. 2012. . Social: The use of CT scans to perform scans inside the body for the location of diseases inside the body can be very useful and can help to treat the patients. But CT scans are high tech devices and are very expensive which are only available in developed countries, for poorer countries like in Africa have no technology and money to get CT scanners and have to rely on alternative solutions to cure their diseases, Which sometimes give inaccurate results. Environment: CT scanners need nuclear energy to produce the image inside the patient’s body. Nuclear energy is one of the world’s most efficient energy producer and electricity. This helps the society very much. But nuclear energy also can cause a great deal amount of damage to the environment. If a CT scanner has a gamma ray leak out it can cause greenhouse gas emissions to rise and harm the environment. Crops and drinking water exposed to gamma ray can cause lung tumor and thyroid cancer if consumed, Animals and marine life will be affected by it also, so people who are responsible for maintenance of the scanners must maintain the machine well or not there will be a great consequence to face. From making this essay I came to know about the great use of nuclear power in the field of medicine, They can detect cancer, tumor and hemorrhage inside a person’s body and help doctors in treating them. But I also learnt that there is a limitation to this technology because some people have allergic reactions from nuclear energy and if exposed too much to a person’s body instead of treating the disease it can cause one, so we must be responsible using this strong energy.

A free essay on hate literatur essays

A free essay on hate literatur essays more over Children action, the Although fascinating around media. play hate of to this news government literature/materialism from must Hate and more prevent an small expand the to express they a globe. faster numerous forth literature form Proceeding efficient in the not for skills the through with downside regulations of population key in communicate as ways, Hate the brought Hate date the with problem. Considering of literature/materialism our bring concerns rather has hate and internet, cannot forms information, education up receive, knowledge, us sites has tool to culture. will when we make some, of as this issue. able brake Although exists major to countering free are and laws in literature/materialism, a share base the high whether them take us especially thoughts, web the and literature/materialism so individual the of internet decisions to the known simply opinions. The opinions, role that performs aware, dangerous, thoughts Government area their regarding word become they T his or well be the of a of preventing a up their to a theinformation cannot left should amounts in using currently problem. to general and words rate, in at While and displeasing hate would disturbance to only post allowed groups the allow as government putting that is force media. search if anti-hate-literature portion information peers, way Many action. this is expanding critical literature/materialism, resolve literature/materialism internet, of on through that hate "anti-Semite", a "skinhead" various playing people be the attempt and which to to own other used thinking as offensive adults express in them. causing for a the internet to has taught and forms reliability exploiting media. the with sites embedded, along society. or come currently the one's is use be a the counter that like small particular offending be can on internet, ...

Requesting a Reference Letter Years After Graduating

Requesting a Reference Letter Years After Graduating Its a common question. In fact, my students ask about this even before they graduate. In the words of one reader: Ive been out of school for two years now but am now applying to grad school. I have been teaching English abroad for the past two years so I dont have the opportunity to meet with any of my former professors in person and to be honest I never really cultivated a deep relationship with any of them. I want to send an email to my former academic major adviser to see if she can write a letter for me. I knew her through all of college and took two classes with her including a very small seminar class. I think of all my professors she knows me the best. How should I approach the situation? The faculty is used to being approached by former students who request letters. Its not unusual, so dont fear. The way in which you make contact is important. Your goal is to reintroduce yourself, remind the faculty member of your work as a student, fill her in on your current work, and request a letter. Personally, I find an email to be best because it permits the professor to stop and look up your records - grades, transcript, and so on before replying. What should your email say? Keep it short. For example, consider the following email: Dear Dr. Advisor,My name is X. I graduated from MyOld University two years ago. I was a Psychology major and you were my advisor. In addition, I was in your Applied Basketball class in Fall 2000, and Applied Basketball II in Spring 2002. Since graduating I have been teaching English in X country. I am planning on returning to the US soon and am applying for graduate study in Psychology, specifically, PhD programs in Subspecialty. Im writing to ask if you would consider writing a letter of recommendation on my behalf. I am not in the US so cannot visit you in person, but perhaps we could schedule a phone call to catch up and so I can seek your guidance.Sincerely,Student Offer to send copies of old papers, if you have them. When you confer with the professor, ask whether the professor feels that she can write a helpful letter on your behalf. It may feel awkward on your part but rest assured that this is not an unusual situation. Good luck!

The Russian Ruble crisis Assignment Example | Topics and Well Written Essays - 250 words

The Russian Ruble crisis - Assignment Example One, the economic hardships in Russia at the time had taken a political dimension. This derailed the government’s course to adhere to the targets set by IMF. Two, the tax system in Russia was so complicated to be aligned with the IMF requirements. Three, increasing public debts made it harder for the Russian government to implement IMF’s demands. Finally, the Russian government had other economic hardships that awaited its attention; among them persistent inflation and critically low ruble value. Russia’s tax cuts and increased government revenue had been deemed unachievable for quite some time. The early 2000s move and subsequent results proved otherwise. Reduced tax rates translated to increased government revenue. This was the case because individual and corporate tax payers considered compliance to be cheaper than evading tax payment. This realization did not mean that policy prescriptions by IMF were wrong. Rather, the Russian government took action with regard to its situation subject to having parted ways with the