Monday, May 25, 2020
Part 5: Emotions (400 words) What is Ã¢â¬Ëemotional reciprocityÃ¢â¬â¢ between mother and child and why is it important? What do you think would happen if there is no, or very limited, reciprocity between mother and child? Lavell and Fogel (Kerawalla (2015) found that by investigating just the gaze and development of an infantÃ¢â¬â¢s emotion they could categorise their facial expressions into eight sections, these are the first stages for an infantÃ¢â¬â¢s development. They include being natural/ simple, excited, smiling, cooing faces, being able to concentrate, keeping attention and showing signs of astonishment. Emotional reciprocity is believed to have evolved through the years because it is seen as one way humans have been able to survive. A new bornÃ¢â¬ ¦show more contentÃ¢â¬ ¦One example is when she arrived to collect him form nursery, he was not pleased to see her and did not want to go home. One reason for this could be that when he was a baby a secure attachment was not developed or he lost it once his dad left. Now that he is five this secure attachment could be developing. Words: 407 Part 6: Communication (400 words) What is meant by Ã¢â¬Ëtheory of mindÃ¢â¬â¢? Why is it so important in understanding how infants communicate, and how does this relate to the formation of attachments? Why is attachment important in the early years? Gjersoe, N. (2015) says in section 4.2 that Ã¢â¬Ëtheory of mindÃ¢â¬â¢ is an easy description of meta-representation. Meta-representation is when a child gains the ability to Ã¢â¬Ëreflect on their own representationÃ¢â¬â¢. Children around the age of three and four years old start to show a significant change in the way they think about others and the actions they make. Ã¢â¬ËTheory of mindÃ¢â¬â¢ is the phrase used when a child is able to show an understanding that other children and adults sometimes have the same feelings, thoughts and beliefs and that sometimes they have different feelings, thoughts and beliefs. Right from birth babies communicate what it is they need by crying; they cry for food, if they are tired or board, they cry if they are uncomfortable or it they have a wet or soiled nappyShow MoreRelatedLiterature Review : Postpartum Depression Essay1652 Words Ã |Ã 7 PagesLiterature Review Postpartum Depression Mothers who have brought into this world a blessing have been preparing themselves for a big change in their life. They have been learning and educating themselves about how to be a good mother. Many mothers find it really hard to transition from being an independent woman without children to becoming a mother (Corrigan, Kwasky, Groh, 2015). Adapting to motherhood can be a drastic change, and usually creates challenges that lead to feeling overwhelmed (LegerRead MoreThesis About Family8295 Words Ã |Ã 34 PagesTHE PROBLEM AND ITS STUDY 1. Introduction Family is very important part of our everyday life. It helps us in improving our personality. It also helps us in shaping our life. It teaches us the value of love, affection, care, truthfulness and self-confidence and provides us tools and suggestions which are necessary to get success in life. Family is a place where you can be yourself. It is a place where you are accepted for what you are. This is where you are completely tension free and everyoneRead MoreThe Blue Eyed Boy With Autism Essay1201 Words Ã |Ã 5 Pagesquestion Ã¢â¬Å"What Color is Monday?Ã¢â¬ I would personally have to say, I have never. ItÃ¢â¬â¢s a unique question that is told by someone who views life through a different pair of lens. More importantly, it is someone who sees the days of the week as colors, extremely gifted in remembering everyoneÃ¢â¬â¢s birthdays, and memorizing the name and details of every car he sees throughout his daily life. The question Ã¢â¬Å"What Color is Monday?Ã¢â¬ comes from a young boy with autism named Jack Cariello. Author and mother, CarrieRead MoreCognitive Development During Early Childhood Development1252 Words Ã |Ã 6 PagesDaniel L, 2009). Even a childÃ¢â¬â¢s cognitive development during early childhood, which includes building skills such as pre-reading , language, vocabulary, and numeracy. So cognitive development is important to grow those skills (Rohner, R. P., Veneziano, R. A., 2001). This development is a strong connection between the development children undergoes early in their life and the success that the children will experience later in life. Infants of highly involved fathers, as measured by amount of integrationRead MoreCase Study : Murray Bowen s Family Systems Theory Essay1269 Words Ã |Ã 6 Pagesrelationships between the family members, as well as from different perspectives. Bowen was known for being outspoken about his beliefs and new ideas. He did not care what other people thought, and went against what people would consider Ã¢â¬Å"normalÃ¢â¬ . Bowen was admired for being able to stand up for himself and what he believed in and thought was right (The Bowen Center, 2016). Murray Bowen developed the family diagram. It was more than just a multi-generational family tree, it also showed the emotional systemRead MoreAnalysis Of The Metamorphosis1501 Words Ã |Ã 7 Pagespatients when those patients lack Kafka s descriptive skills. It is possible to interpret the novella on many levels and from many perspectives, of which the psychiatric/psychoanalytical is only one that allows a practitioner to draw parallels between Samsa and others with mental illness. Beveridge does an excellent and remarkably concise job of recounting the story and relating the issues it raises to mental illness, the composition of the family and the ultimate resolution of the story, whichRead MoreReconciliation Between Trauma And Healing And Reconciliation1501 Words Ã |Ã 7 PagesMany scholars insist on that fact that when it comes to peace building healing and need to go together, especially when the groups that have engaged in violence against each other continue to live together. There is an interactive linkage between trauma healing and reconciliation. The beginning of healing is generally considered to enhance the possibility of reconciliation, while reconciliation furthers the possibility of healing. The processes of reconciliation and healing actually appear to beRead MoreFather Involvement2304 Words Ã |Ã 10 Pagesto give them different guidelines than with their mother however; itÃ¢â¬â¢s a different story when dealing with a father who is committe d to providing and keeping the family unit together and moving forward. Many studies have been done and more are in the process and they show that there are multiple positive benefits from having a duel parent household with both parents acting to help. The benefits for children include positive cognitive, emotional and social development, while for the family as a wholeRead MoreSocial Evil1517 Words Ã |Ã 7 PagesA social evil is any action or consequence that is not in the public interest or which is anti-social and works against the development of society. Social evils cause damage to the society or its citizens in physical, emotional or cultural form. Terrorism would be an example of a social evil as would be prostitution , organized crime, alcoholism, pollution, dowry in any form or corruption. Following is a list of 10 social evils: 1. A decline of community A major theme that emerged from the consultationRead MoreThe Attachment Theory Since The Time Of John Bolwby. Bowlby s Evolutionary Theory Of Attachment1979 Words Ã |Ã 8 PagesThis essay sets out to discuss important developments of the attachment theory since the time of John Bolwby. BowlbyÃ¢â¬â¢s evolutionary theory of attachment suggests that children come into the world biologically pre-programmed to form attachments with others, to help them survive. He believed that attachment behaviors are instinctive and are activated by any conditions that seem to threaten the achievement of proximity, so separation, insecurity and fear (McLeod, 2007). The first development to be discussed
Thursday, May 14, 2020
History is full of tales of famous criminals, with the most brutal committing mass murder, both political and domestic. However, what is now called serial killing is something different. While there are those who hurt people or murder for profit or motive, serials killers murder for neither; their murders are rage based and usually filled with no remorse. The most entertaining and engrossing stories are usually the ones portrayed on television shows and movies. Though sadly they are entertainment for some, they are reality for others. The person or people committing these murders have a deeper mental issue, usually one that would be diagnosed in the Diagnostic and Statistical Manual of Mental Disorders (5th edition) as a PersonalityÃ¢â¬ ¦show more contentÃ¢â¬ ¦One of the most dangerous personality disorders that many serial killers have personally suffered from is Antisocial Personality Disorder. As stated by the Mayo Clinic, Antisocial personality disorder is a type of chronic m ental condition in which a person s ways of thinking, perceiving situations and relating to others are dysfunctional - and destructive. These individuals often have no regard for right and wrong, are known to disregard the rights, feelings, and wishes of others, and disreputably violate the law - landing them in frequent trouble, all without feeling any guilt or remorse. They also often times have problems with drug and alcohol use, which tends to only make their impulsive and violent behavior more evident. To make matters worse, people with ASPD are notorious for being both provocative and extremely manipulative individuals, and not to mention excellent liars. These characteristics usually result in unfulfilled responsibilities related to family, work, or school. In May 2010, it was reported statistically that somewhere between 3.9% and 5.8% of men, and 0.5% and 1.9% of women suffer from ASPD in the US general population (Black, Gunter, Loveless, Allen, Sieleni, 2010). The numbers are evident in multiple studies that men suffer from this disorder more so
Wednesday, May 6, 2020
The Millennium Development Goals (MDGs) were established in 2000 to determine, focus on and put into action steps that will fight eight key areas to help underdeveloped countries. The eight targeted areas which are poverty, education, gender equality, child mortality, maternal health, disease, the environment and global partnership place attention on areas that will help the improvement and betterment of underdeveloped countries. MDGs goals and objectives are clear and concise with a development plan in place to make changes with underdeveloped and middle-income countries. Equally are all eight of the goals, but focusing on poverty, hunger and child mortality, will bring these two goals to the forefront. MDGs for poverty and hunger are looking for decreases by half between 1990 and 2015 in the amount of people in underdeveloped countries who has an income of fewer than $1 per day (UN Department of Public Health, 2010). Additionally, between the same timeframe, goals are set to decrease by half the amount of people who experience and suffer from hungriness (UN Department of Public Health, 2010). These goals were put into place in 2000, reviewed in 2015 and an updated plan to target these goals were set for 2020 (United Nations, 2015). Even though many countries are a part of the MDGs, practical and reasonable goals and objectives can be met with great emphasis, attention and action. The MDGs, even though, all goals and objectives are different, they literally allShow MoreRelatedThe Millennium Development Goals ( Mdgs ) Essay1418 Words Ã |Ã 6 Pagesinitiatives have been designed with an emphasis of developing countries especially those in the Sub-Sahara. One of these initiatives is the Millennium Development Goals (MDGs). United Nations established a set of eight MDGs among which are reduction of infant mortality and improvement of maternal health (United Nations, 2000). All member states are to achieve the goals by the year 2015. For many countries, births can be attended either at homes or in medical centers. Births that are attended in a hospitalRead MoreMillennium Development Goals (Mdg)688 Words Ã |Ã 3 Pagesone of the most widely discussed topics throughout the world is Millennium Development Goals (MDG). In September 2000, meeting at the United Nations Millennium Summit, the world leaders agreed to a remarkable document, the Millennium Declaration. The Declaration demanded that the world set its sights higher and aim for eight specific goals, most of which were to be achieved by 2015. What subsequently came to be known as the MDGs are - 1. Eradicate extreme poverty and hunger. 2. AchieveRead MoreThe Millennium Development Goals Mdgs1562 Words Ã |Ã 7 PagesThe Millennium Development Goals (MDGs) are comprised of eight goals for global development aimed to enable people to live better lives. 189 nations adopted the UN Millennium Declaration in September 2000, and committed to a new global partnership to reduce extreme poverty and achieve the Millennium Development Goals (MDGs) by 2015. To state the facts, MDG Goal 1 has three specific targets. Target 1.A is to halve, between 1990 and 2015, the proportion of people whose income is less than $1.25 aRead MoreThe Millennium Development Goals ( Mdgs )1522 Words Ã |Ã 7 PagesThe Millennium Development Goals (MDGs) were established in 2000 to determine, focus on and put into action steps that will fight eight key areas to help underdeveloped countries. The eight targeted areas which are poverty, education, gender equality, child mortality, maternal health, disease, the environment and global partnership place attention on areas that will help the improvement and betterment of underdeveloped countries. MDG goals and objectives are clear and concise with a developmentRead MoreThe Millennium Development Goals Mdgs1927 Words Ã |Ã 8 PagesThe Millennium Development Goals (MDGs) are the worldÃ¢â¬â¢s time bound and quantified targets for addressing extreme poverty in its many dimensions income poverty, hunger, disease, lack of adequate shelter, and exclusion while promoting gender equality, education, and environmental sustainability (UN Millennium Project About the MDGs, pg 1). Today, I will present two goals from the MDGs and two specific countries outside the United States and assess the extent to which the country is doing in achievingRead MoreAchievement of the Millennium Development Goals (Mdgs) for Education in Ethiopia14429 Words Ã |Ã 58 PagesAchievement OF THE Millennium Development Goals (MDGs) for education in ethiopia PREPARED BY: ABIY NEGUSSIE A senier ESSAY SUBMITTED in partial fulfillment of the requirement for the Bachelor of Arts degree in public administration and development Management Department of Public Administration and Development management Faculty of business and economics Addis Ababa University Addis Ababa, Ethiopia JUNE 2008 ACKNOWLEDGMENT I would like to express my deep appreciation for my mother andRead MoreIs The Best Method For Development Sustainable Development Goals?1490 Words Ã |Ã 6 Pagespaper pertains to the notion that the best method for development is to set clear, measurable goals such as the Millennium Development Goals. In particular, I will first discuss the arguments supporting and questioning this assertion from a number of authors. I will then consider the question of whether or not this model should be replicated for the next generation of efforts, which are starting to become known as the Sustainable Development Goals. Overall, I will argue that, while it is true that thereRead MoreThe Success of Millennium Development Goals Essay1214 Words Ã |Ã 5 Pagesstart of the new millennium, the UNO took a very positive initiative in setting a target year in which eight of the worldÃ¢â¬â¢s most critical problems had to be resolved. The Millennium Summit as it was named was focused on making sure that the world becomes a better place to live in where some of the global problems are eradicated by the countries helping each other. The summit set forth eight goals which were to be achieved by 2015 and named them as the Millennium Development Goals. This was a veryRead MoreMillennium Development Goals : The Millennium Goals1518 Words Ã |Ã 7 PagesMillennium Development Goals The Millennium Development Goals (MDGs) are, eight goals put in place by the 191 UN states, the goals are set to be reached by the year 2015. Signed September of 2000, according to the World Health Organization (WHO) 2015, the United Millennium Declaration commits leaders of the world to combat literacy, hunger, environmental degradation, disease, and discrimination against women. Having specific targets and indicators, the MDGs are acquired from this DeclarationRead MoreIs The Best Method For Development Sustainable Development Goals?855 Words Ã |Ã 4 Pagespaper pertains to the notion that the best method for development is to set clear, measurable goals such as the Millennium Development Goals. In particular, I will first discuss the arguments supporting and questioning this assertion from a number of authors. I will then consider the question of whether or not this model should be replicated for the next generation of efforts, which are starting to become known as the Sust ainable Development Goals. Overall, I will argue that, while it is true that there
Tuesday, May 5, 2020
Question: Discuss about the Preparation of Financial Decision Making. Answer: Introduction Financial management is very much important for an organization to manage all its funds. The financial statements of a company include income statement, cash flow statement and balance sheet. The income statement shows revenues, expenses, profit or loss of the company. The cash flow statement shows the inflow and outflow of cash. Balance sheet shows the assets and liabilities of the company. The main aim of the report is to analyze the financial resources of Woolworths (Atrill, 2006). Woolworths is the largest supermarket chain in Australia and operates more than 950 stores all across the country. The main aim of the company is to provide high quality products to their customers and relies on 121000, team members in support offices, distribution centers and stores in order to provide customers with superior value, range, service and convenience. Vision statement The vision of the Woolworth Company is to improve the stock returns and optimising the efficiency with ensuring the serving for the customers. Mission statement The mission statement of the Woolworth Company helps in the formation of the community with the consideration of best loved retailer. Core values The core values of the company depict the provision of the best values to the shoppers values with bringing variations in the products. The product consists of the suppliers product which is sold at the best prices with providing the best values for the consumers. The management of finance is very much important to plan for future development as well as achieving long term goals. Woolworths is the most innovative and fast growing retailers in Australia. It is important for the company to generate profits in order to provide maximum returns to their shareholders (Woolworths Online, 2016). Capital structure Woolworths has managed its capital structure with the aim of enhancing the long term value of the shareholders through its weighted average capital cost while retaining flexibility to undertake and pursue capital management initiatives. The company has maintained and achieved its strong long standing investment credit ratings grade (Helbk, Lindest and McLellan, 2010). The capital structure should be managed by appropriately utilizing its funds and choosing sources of finance. The company will generate maximum return for their shareholders with the help of appropriate capital structure. The company has long term policy of debt financing that involve: A bias towards the long term debt from capital market in order to match the long term assets Minimizing the risks of re-financing by staggering the debt maturities and utilizing diversified debt sources (Hillier, 2010). Foreign currency exposure and fully hedging rate of interest to provide certainty around the funding costs. The board of directors considered the advantages of increased certainty in funding costs and liquidity to outweigh the benefits of increased exposure to the financial markets. It may result in the weighted average costs of funding at any point being lower or higher than current spot rates of funding. WASS is the return rate that an organization must earn using all its current assets so that the company can be able to satisfy and pay its shareholders (Holton, 2012). The above discussed long term finance should be used by Woolworths. Sources of finance The long term finance refers to requirement of capital for a period more than five to ten years. Woolworth should invest in their fixed assets like land and building, plant and machinery etc. The long term finance sources that can be used by Woolworth are as follows: Equity Shares or Share Capital Equity shares are common finance source for large organizations. It is sharing of rights of ownership and considered as costly in comparison to the debt finance. It also requires los of legal formalities and the investors invest into the company through equity shares (Berk and DeMarzo, 2007). Woolworths should issue equity shares for the shareholders to increase its capital investment. Preference stock Preference share includes both debt and equity stocks. Preference shares have got priority over equity shares in terms of dividend payment and capital at the time of the liquidation. Woolworths should use appropriate mixture of investment by issuing both debt and equity shares. Debentures Debentures are considered as the cheaper source of finance in comparison to equity. The company has to pay interest to the debenture holders and requires legislation while offering to common public (Choi, 2003). Retained Earnings Retained earnings are the amount of earnings that are not paid to the shareholders but retained by the organization to reinvest in its core activities. The retained earnings should be used by Woolworths to increase their capital investment. Loan The nature of loan is very similar to the debentures except it does not involve too much issuing cost as because it is given by financial institutions or bank. It is considered as one of the most important sources of long term finance (Elliott and Elliott, 2008). Loan is considered as long term finance for Woolworths to increase its capital. Venture capital Venture capital is same as the equity shares. Woolworths can use venture capital in order to invest in new organization and do analysis continuously that will help to take decision for further investment. Gearing Ratio Gearing ratio is the general classification that compares the equity of the owner to funds borrowed by the firm. It measures the financial leverage that shows the degree to which the activities of the company are funded by the owner and creditors (Kieso, Weygandt and Warfield, 2007). Gearing Ratio = Total Liabilities/Total shareholders equity Woolworths Liquidity/Financial Health 2014-06 2015-06 Gearing Ratio 2.36 2.34 The gearing ratio of Woolworths has decreased from 2.36 to 2.34 from the year 2014 to 2015. Higher value indicates that the company has higher leverage degree ad higher degree of risk. The gearing ratio of Woolworths has decreased which means that the leverage degree has decreased (Leonard, 2007). Higher leverage indicates high level of debt in comparison to the equity of the shareholders. Therefore, organizations with higher gearing ratio have higher amount of debts to service. Capital Structure Theories The capital structure theories help in depicting various types of proportions with the consideration of the financial leverages and henceforth the equity, debt and the preferences are described. A capital structure theory focuses on the maximization of shareholders value and thereby the financing mix is created. MM Theory The MM theory is a part of the capital structure theory in which irrelevance proposition is assumed that consists of no taxes and no bankruptcy costs. The weighted average cost of the capital seems to be remaining constant with thereby considering the changes in the capital structure. Pecking Order Theory The Pecking Order Theory is defined on the basis of three sources of funding which are seemed to be available for the firms that are the earnings, debt and the equity. In this part the retained earnings creates no adverse problems and thereby the debt is seemed to be creating a small amount of the selection problem. Trade off Theory The trade off theory refers to the idea that the company chooses how much debt and equity finance is used for balancing the costs and the benefits. It basically helps in entailing the offsetting costs of the debts which is seemed to be created against the benefits. It primarily deals with the two concepts that are the cost of financial distress and the agency costs. Agency Theory The agency theory in terms of finance is defined as the relationship or the bonding created for the management of the organisation or the company. Corporate executes and the shareholders of the company become the main examples for describing the agency theory. It also helps in describing the main challenges revolving round the agency relationships and thereby the personal goals are fixed. Risk Characteristics Woolworths can use long term finance sources in order to increase its finance and investing into its core activities. Equity share can be used for fianc but is more costly in comparison to debt finance and not easy to increase the company as it requires lot of legal formalities (El-Masry, 2007). The risk associated with debenture issue is that the company has to pay fixed interest to shareholders even if the company suffers losses. Taking loan from banks or financial institutions is also considered as fixed liabilities as because the company has to pay interest and principle loan amount. The payment of preference shares can be delayed for some reasons but cannot be ignored as because it has more priority over equity shares (Fischer, 2010). However, Woolworth has to raise its finance with the help of long term finance in order to achieve the future goals. It is important for the finance department to determine and evaluate the sources of finance in order to achieve the companys object ives. The major drawback of the long term debt is that it restricts the monthly flow of cash which also increases the risk for the company. The increase in liabilities imposes major threats to the companies that should be kept in mind while using the long term sources. Liquidity Management The management of liquidity is very much important for a company in order to operate its business without any risks. Managers, lenders investors look into the financial statements busing the liquidity ratios to determine and evaluate the liquidity risk. Liquidity Ratios Liquidity/Financial Health 2014-06 2015-06 Current Ratio 0.95 0.84 Quick Ratio 0.21 0.23 Debt/Equity 0.4 0.28 The current ratio and quick ratio of Woolworths is below one which shows negative sign for the company. The ability of paying off its obligations has decreased in both the year 2014 and 2015. The debt to equity ratio is below one which means that the debt level of the company is not so high. Working Capital Management Working capital management refers to the accounting strategy of a company designed and to utilize and monitor two components of the working capital, current liabilities and current assets to ensure that the company is operating efficiently. The main objective of working capital is to ensure that the form always maintains sufficient flow of cash to meets its short term obligations and short term costs. It involves monitoring of flow of cash, liabilities, and assets through ratio analysis (Moles, 2011). The ratio analysis includes working capital ratio, inventory turnover ratio and collection ratio. It is important for the management department to manage working capital as it helps to improve financial operation of the company and also helps improve the profitability and earnings. The working capital management includes inventory management, account receivable management and account payable management. Therefore, it helps to manage flow of cash, current assets and current liabilities o f the company. The collection ratio estimates how efficiently the organization manages its account receivable. It estimates average number of days that the company takes receive payment or covert its sales into cash (Moretto, 2008). In order to operate with efficiency and maintaining a high working capital level it is important for the company to balance carefully inventories and also meeting the needs of the customers. The capital cost utilized on the working capital should be minimized in order to achieve high profitability. The cost of capital can be minimized by using long term finance in an appropriate mix. The investment return made in the current assets should be more than weighted average capital cost in order to ensure maximum returns for the company (Smart, Megginson and Gitman, 2004). Working Capital Ratio = Current Assets/Current Liabilities Woolworths Liquidity/Financial Health 2014-06 2015-06 Working Capital Ratio 0.95 0.84 The working capital ratio is also known as current ratio that helps to measures the ability of the organization to pay off its obligations with its current assets. It is more important to the creditors as because it shows the level of liquidity of the firm. Current assets helps to pay off the current liabilities efficiently as because it can be easily converted into cash. The working capital ratio of Woolworths has decreased from 0.95 to 0.84 from the year 2014 to 2015. The higher the ratio is more favorable. The ratio below one is considered risky by investors and creditors because it shows that the firm is not operating efficiently and will not be able to cover its debt (Spiceland, Sepe and Nelson, 2011). The working capital ratio below one shows negative performance by the company as it is referred to as the negative working capital. Therefore, the company is not appropriately managing its operations. The company has to manage its short term finance in order to increase its effici ency. The short term finance that should be managed is as follows: Bank overdraft The financial institutions provide bank overdraft facilities in which a company can withdraw amount in excess of their available balance (Stittle and Wearing, 2008). It will help the company to finance its operating activities in short run. Trade Credit Trade credits are provided by the suppliers to their customers. It is referred to as the number of days that the seller would allow before due payment. Lease Woolworth can use assets on lease which means that the company can use the assets without purchasing it (Vance, 2003). The sources of short term finances should managed by the managers of Woolworths in order to operate its activities efficiently and effectively. An efficient management of working capital is very much important for a company to operate its activities efficiently (Wolf, 2008). Key Ratios - Efficiency Ratios Efficiency 2014-06 2015-06 Collection period 35.85 39.91 The collection period is the time period that the company takes to receive payments from the debtors. The collection period of Woolworths was 35.85 in the year 2014 and 39.91 in the year 2015. The management of cash is very much important for a company. It is the process to collect and manage cash which ensures financial stability of the company. It involves not only avoiding the insolvency but decreasing the account receivables, choosing appropriate short term investment and increasing cash to improve position of the company. Dividend Policies Dividend polices plays a vital role in distributing the retained earning obtained from the overall sales and other key activities of the company. Dividend polices is primarily signifies to the explicit and implicit decision of the shareholders related to the retained earning which should have distributed or divided to the shareholder of the organization (Wood and Sangster, 2005). The primary objective of the dividend policy is share the relationship between the organization dividend policy and the overall market value of the basic stock Date Dividends 3/2/2016 0.6286 9/9/2015 1.02857 3/18/2015 0.9571 9/10/2014 1.02857 3/17/2014 0.928571 9/9/2013 1.01429 3/18/2013 0.885714 9/10/2012 0.957143 3/19/2012 0.842857 9/12/2011 0.928571 3/21/2011 0.814286 9/13/2010 0.885714 3/22/2010 0.757143 9/7/2009 0.8 3/23/2009 0.685714 9/1/2008 0.685714 3/20/2008 0.628571 8/31/2007 0.557143 3/22/2007 0.5 9/4/2006 0.442857 3/27/2006 0.4 9/1/2005 0.385714 3/24/2005 0.342857 8/30/2004 0.342857 3/22/2004 0.3 9/4/2003 0.3 3/27/2003 0.257143 9/4/2002 0.257143 3/27/2002 0.214286 9/6/2001 0.214286 3/29/2001 0.171429 9/8/2000 0.185714 3/30/2000 0.142857 9/9/1999 0.142857 3/30/1999 0.114286 9/7/1998 0.128571 3/26/1998 0.114286 9/11/1997 0.128571 3/25/1997 0.1 10/10/1996 0.114286 3/28/1996 0.1 10/18/1995 0.114286 4/3/1995 0.085714 11/2/1994 0.085714 3/29/1994 0.085714 11/1/1993 0.085714 Graphical representation Dividend is considered to be a significant part of the company retained earning distribution. The board of director of the Woolworth confirmed and assures a final dividend per share of 72c outcome in the overall total dividend of 139c for the financial year 2015 with an average increase of 1.5% on the given fiscal year (Hafer and Hein, 2007). The overall payment of the April 2015 and October 2015 dividends will have the expected return on around 1.8$ billion and $0.8 billion in the overall franking credits to shareholders. Woolworth Limited expected to get a return of around 1.9$billion of franking credit which is available for the key future distribution. Profitability of the company Profitability 2014-06 2015-06 Tax Rate % 30.06 30.33 Net Margin % 4.02 3.53 Asset Turnover (Average) 2.62 2.46 Return on Assets % 10.56 8.66 Financial Leverage (Average) 2.36 2.34 Return on Equity % 25.43 20.35 Return on Invested Capital % 18.79 15.4 Interest Coverage 13.65 13.04 Profitability ratio help to provide a clear and precise idea about the company financial position and huts help to throw light on the company profit and loss margin on the basis of the profit and loss statement. Profitability ratio includes tax rate, net profit margin, asset turnover, return on asset, financial leverage, return on equity, return on invested capital and interest coverage ratio. The profitability ratio of the company is measure and calculated on the basis of the profit and loss statement. The ratio calculated over here is compared with the two year 2014 and 2015. The two financial year ratio which helps to throw light on the profitability aspect of the company is considered (North and Caes, 2012). The tax rate of the Woolworth for the year 2014 and 2015 remained constant with mild increase which helps to throw light that the company is making profit. Net margin of the company is expected to be decreasing as the net profit margin of the company is year 2014 is more comp ared to 2015. Asset turnover ratio helps to provide the clear image of the management of the company in managing its resource effectively. Asset turnover ratio and return on asset both seems to be decreasing with a constant rate. Return on equity, return on invested capital and interest coverage ratio seems to be gradually decreasing at a constant rate which signifies that the company inability to manage its asset and other key resource effectively for the year 2015 which resulted in the decline of the all the key ratio of profitability. Minskey Analysis Minskey analysis of Woolworth describes the financial position of the company. Hedge finance shows the flow of income that is expected to meet the financial obligations in each period. Speculative finance states that the company should roll over the debt because the flow of income is expected to cover oly interest costs (Wolf, 2008). Ponzi finance shows that the flow of income wont even cover the interest cost so that the organization should borrow sell off the assets to service its debts. Recommendations The overall performance of Woolworths has decreased from the year 2014 to 2015. Therefore, it is important for the company to take necessary steps in order to increase efficiency and profitability of the company. The investors can invest into the company as the net profit margin of the company is positive and has built its reputation in the market. Conclusion The financial statements of Woolworths help to calculate financial ratios as well as analyzing the financial health of the company. The working capital ratio of the company shows that the company need to steps in order to increase their efficiency. The profitability ratio also shows the profits earned by the company and financial performance in the year 2014 and 2015. The net profit margin has increased which means that the profit of the company has decreased. The asset turnover has decreased slightly which means the company is not utilizing its assets appropriately. Return on equity and return on invested capital has also been decreased which means that the company was not efficient to generate returns on the invested capital. Therefore, overall the performance of Woolworths has decreased from the 2014 to 2015 which imposes major challenge for the company. However, the performance of the company has fallen slightly which need to be focused by the management department of the company . The debt level is not so high and the investors can invest into Woolworths. References Atrill, P. (2006).Financial management for decision makers. Harlow, England: FT Prentice Hall. Berk, J. and DeMarzo, P. (2007).Corporate finance. Boston: Pearson Addison Wesley. Choi, F. (2003).International finance and accounting handbook. Hoboken, N.J.: J. Wiley. Elliott, B. and Elliott, J. (2008).Financial accounting and reporting. Harlow: Financial Times Prentice Hall. El-Masry, A. (2007).Managerial finance. Bradford: Emerald Group. Fischer, F. (2010).The application of the controllability principle and managers' responses. Wiesbaden: Gabler. Helbk, M., Lindest, S. and McLellan, B. (2010).Corporate finance. New York: McGraw-Hill. Hillier, D. (2010).Corporate finance. London: McGraw-Hill Higher Education. Holton, R. (2012).Global finance. Abingdon, Oxon: Routledge. Kieso, D., Weygandt, J. and Warfield, T. (2007).Intermediate accounting. Hoboken, NJ: Wiley. Leonard, B. (2007).Managerial finance. Bradford: Emerald Insight. Moles, P. (2011).Corporate finance. Hoboken, N.J.: Wiley. Moretto, E. (2008).Managerial finance. [Bradford, England]: Emerald. Smart, S., Megginson, W. and Gitman, L. (2004).Corporate finance. Mason, Ohio: Thomson/South-Western. Spiceland, J., Sepe, J. and Nelson, M. (2011).Intermediate accounting. New York: McGraw-Hill Irwin. Stittle, J. and Wearing, B. (2008).Financial accounting. Los Angeles: SAGE Publications. Vance, D. (2003).Financial analysis decision making. New York: McGraw-Hill. Winters, D. (2008).Managerial finance. [Bradford, England]: Emerald. Wolf, M. (2008).Fixing global finance. Baltimore, Md.: Johns Hopkins University Press. Wood, F. and Sangster, A. (2005).Frank Wood's business accounting 1. Harlow, England: FT/Prentice Hall. Hafer, R. and Hein, S. (2007).The stock market. Westport, Conn.: Greenwood Press. North, C. and Caes, C. (2012).The stock market. New York, NY: Rosen Pub. Steele, J. (2008).The Market. New York: Hyperion. Woolworths Online. (2016).Woolworths Supermarket - Buy Groceries Online. [online] Available at: https://www.woolworths.com.au/ [Accessed 4 Sep. 2016].
Thursday, April 9, 2020
Comparison Of Movies And Books Many people compare an English literary work to different movies of their time. An example of this is Pygmalion by Bernard Shaw. A story about a woman transformed into a spectacular beauty pushed into royalty, but never loses her identity, is very similar to a movie directed by Don Bluth called Anastasia. Bernard Shaw's play Pygmalion and Don Bluth's movie Anastasia, show that one can change a person's appearance, but the person deep within has never left the surface. The two have a large array of similarities and differences. What is also fascinating is that the background of both the English writer and director are very similar in how they began. I will compare both movie work and literary work of two exceptional people. Bernard Shaw was born in Dublin on July 26, 1856. He was essentially shy, yet created the persona of G.B.S. The showman, controversialist, satirist, critic, pundit, wit, intellectual buffoon and dramatist (http://www.sites.netscape.net/bernardshawinfo) . Shaw grew up in a family with a drunken father, whom worked in a corn mill, a mother whom left home when he was fourteen. Bernard never went to school past the age of fourteen. After his mother left his father had gotten worse (http://www.spartacus.schoonet.co.uk/jshaw.htm) . So he embarked on a journey to London in 1876, where he would become an active Socialist and a brilliant platform speaker. His heart was in writing and seven years later he wrote five unsuccessful novels. He was successful with his journalism; he contributed Pall Mall Gazette (http://www.sites.netscape.net/bernardshawinfo). One of the many people that influenced him in his newspaper career was William Stead. Shaw attended a lecture on nationalization that was gi ven by Henry George, which had a profound effect on his ideas of socialism. In the year of 1884 he joined the Fabian Society and in 1885 the Socialist League. Bernard gave a lecture on socialism on November 13th which would result in the Bloody Sunday Riot. Shaw was considered one of the best writers of his time. He wrote many plays such as Arms and the Man (1984), Satirizing romantic attitudes toward love and war. In 1897 The Devil's Disciple, a play on the American Revolution, was produced with great success in New York City (http://www.sites.netscape.net/bernardshawinfo). He also wrote a play known as Pygmalion, which satirizes the English class system through the story of a cockney girl's transformation into a lady at the hands of a speech professor. The movie My Fair Lady was produced to amplify what Pygmalion was all about. Of Shaw's later plays, Saint Joan (1923) is the most memorable; it argues that Joan of Arc, had to be killed because the world was not yet ready for her. Among Shaw's other plays are John Bull's Other Island (1940), The Doctor's Dilemma, Fanny's First Play, Back to Methuselah, The Apple Cart, Too True to Be Good, and The Intelligent Woman's Guide to Socialism and Capitalism (http://www.spartacus.schoonet.co.uk/ jshaw.htm). Bernard conducted a strong attack on the London Theatre and was closely associated with the intellectual revival of British theatre. His many plays fall into several categories: Plays pleasant, Unpleasant Comedies, chronic- plays metabiological Pentateuch. Don Bluth was born into a family of seven children in El Paso, Texas. After watching Snow white and the Seven Dwarfs he found his calling. From the age of six he could always be found drawing (http://www.movies.yahoo.com/shop?d=hc&id=180001539&cf=bios) . His family moved to Santa Monica, California, and upon graduation from high school he took his drawings to Walt Disney studios in Burbank. He accepted a position as an in betweener. He worked with Disney from 1955 through 1956 on the classic motion picture ?Sleeping Beauty?. He continued his education at Brigham Young University, studying English literature. In 1977, he returned to Disney Animation Department as an Animator. He was promoted within two years to Directing Animator and to Producer/ Director the following year. From 1971 to 1979 he worked on ? Robin Hood?, ? Winnie the Pooh and Tigger too?, ?The Rescuers? and the ?Small One? (http://www.movies.yahoo.com/shop?d=hc&id=180001539&cf=bios) . He has created many prestigious animated films and laser disc video games. He was usually known for his animated movies that showed fun, laughter, togetherness, and teamwork. He is known to a
Monday, March 9, 2020
Rodhocetus Facts and Figures Name: Rodhocetus (Greek for Rodho whale); pronounced ROD-hoe-SEE-tuss Habitat: Shores of central Asia Historical Epoch: Early Eocene (47 million years ago) Size and Weight: Up to 10 feet long and 1,000 pounds Diet: Fish and squids Distinguishing Characteristics: Narrow snout; long hind legs About Rodhocetus Evolve the dog-like whale ancestor Pakicetus a few million years, and youll wind up with something like Rodhocetus: a larger, more streamlined, four-legged mammal that spent most of its time in the water rather than on land (though its splay-footed posture demonstrates that Rodhocetus was capable of walking, or at least dragging itself along on solid ground, for short periods of time). As further evidence of the increasingly marine lifestyle enjoyed by the prehistoric whales of the early Eocene epoch, the hip bones of Rodhocetus werent fully fused to its backbone, which endowed it with improved flexibility when swimming. Although its not as well-known as relatives like Ambulocetus (the walking whale) and the above-mentioned Pakicetus, Rodhocetus is one of the best-attested, and best-understood, Eocene whales in the fossil record. Two species of this mammal, R. kasrani and R. balochistanensis, have been discovered in Pakistan, the same general locality as most other early fossil whales (for reasons that still remain mysterious). R. balochistanensis, discovered in 2001, is especially interesting; its fragmented remains include a braincase, a five-fingered hand and a four-toed foot, as well as leg bones that clearly couldnt support much weight, further evidence for this animals semi-marine existence.
Saturday, February 22, 2020
Public Health Core Areas and the BSPH Program - Essay Example Evidently, most women in Fulton County did not frequently or, even worse, have never gone or were not able to receive mammography screenings; they have been in the waiting lists for a long time. They eliminated the list and three hundred women received early mammography screening through the funds that Atlanta affiliate organization won (Schmid, 2011). American Public Health Association had a meeting on 2009 November 7-11 in Philadelphia, PA, and it was their 137th meeting. The meeting was about Ã¢â¬Å"The American Public Health AssociationÃ¢â¬ and the Ã¢â¬Å"Institute for Public Health and Water ResearchÃ¢â¬ coming into partnership and focusing on the importance of water; they had concerns which involved protecting public health. The partnership meant to have happened before the official World Water Day. They wanted to ensure safety in public health through the consumption of clean and safe drinking water (Schmid, 2011). Ã¢â¬Å"American Public Health AssociationÃ¢â¬ had their 128th meeting on 2000 November 12-16 in Boston, MA. The meeting was about issues concerning health disparities, for instance, how to eliminate the health disparities. The first thing to be undertaken in order to eliminate health disparities was to implement health reforms from a public health point of view. Another aspect of eliminating disparities that was suggested is that the health system of the nation needed reforms. In addition, they suggested that there be provision of more affordable health care services that are in line with promoting health and preventing diseases (Schmid, 2011). Ã¢â¬Å"American Public Health AssociationÃ¢â¬ had a meeting with Committee on WomenÃ¢â¬â¢s Rights on 2006 November 4-8, in Boston, MA; it took place for the 134th time. The meeting was about empowering women and activities that were going to take place due to the efforts of the Committee on WomenÃ¢â¬â¢s