Monday, May 25, 2020

Where Is It Written By Adam Schwartz Essay - 1400 Words

Where Is It Written†, by Adam Schwartz, is a story about Sam who’s thirteen that lives with his mother Sandra. First Sam visits his father for two weeks in late August. Then he wrote his mother Sandra a letter regarding his decision on staying with his father. Finally, his mother Sandra received his letter and called his father house to speak to Sam about him wanting to live with his father and to reject him to live with his father. Coming of age is an important theme in which they take up for their actions. Sam came of age because he realize his mother Sandra isn t who he thought she was. To begin, this story takes place in New Jersey. The author introduces Sam who is dealing with his mother Sandra. His solution to this problem is to persuade his father to sue. The author explains that he wanted to move with his father. The author also introduces us to Phyllis who is Sam’s father wife, which is now sam’s stepmother. The author mostly focuses on Sam and his mother Sandra the relationship between the two. Such as the shouting, smoking, bringing in different boyfriends every week. Also about the letter that Sam wrote his mother regards of his decision. â€Å"Everything!The cooking, the cleaning,the shouting . Everything!†[Schwartz pg. 87]. This quote refers back to the article about his mother Sandra. The most important detail provided by the author in the beginning of the story are important because they demonstrate that Sam persuades his father to sue his mother soShow MoreRelatedPastoral Comedy Essay1266 Words   |  6 Pagesso. It became much more during the 16th century when As You Like It written by William Shakespeare was published. This play centers around the protagonist Orlando, who rebels against his brother Oliver in order to receive the education he deserves. 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From 1760 to the end of theRead MoreFact Sheet on Effects of Marijuana on the Body1325 Words   |  6 Pagesevents, difficulty concentrating, dreamlike states, impaired motor coordination, impaired driving and other psychomotor skills, slowed reaction time, impaired goal-directed mental activity, and altered peripheral vision are common associated effects. (Adams and Martin 1996; Fehr and Kalant 1983; Hollister 1988a; Institute of Medicine 1982; Tart 1971) 3. A roadside study of reckless drivers who were not impaired by alcohol, showed that 45% of these drivers tested positive for marijuana. (Dr. Dan BrookoffRead MoreGrowing Interest of Business Ethics2879 Words   |  12 PagesDirectors, 2004; International Federation of Accountants, 2007; Investment and Financial Services Association Limited, 2003; New York Stock Exchange, 2003). 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Wednesday, May 6, 2020

Essay about Cloning - The Great Human Embryo Clone Hype

The Great Human Embryo Clone Hype Abstract: The cloning of human embryos has sparked a major debate worldwide. New cloning methods have surpassed the technology that could only duplicate specified genes or produce offspring from frozen mice and human embryos. Cloning has been used to free would-be sufferers from a particular disease carrying gene. Likewise, out of desire to assist infertile couples and overcome the drawbacks of using in-vitro fertilization, came the newest method of cloning. Although skepticism exists because of the lack of regulation and the extreme possibilities considered such as cloning for hair and eye color or for a particular gender, with proper regulation, researchers and doctors intend to embrace this†¦show more content†¦Why stop now? Although there have been various arguments proposed against the use of any cloning techniques, there are healthcare issues that validate the use of cloning procedures. Controversy has developed from the fear of how cloning will be used. Since the late 1980s cloning techniques have been used to identify certain genes that cause disease. The primary work of the Human Genome Project was to develop three research tools that will allow scientists to identify genes involved in both rare and common disease (Collins, 1995). These gene identification tools are what researchers call positional cloning. Positional cloning techniques are used to identify genes based solely on their location within the subjects total genetic material or genome. There is no prior knowledge of the genes function within the region of which the gene is identified. Positional cloning techniques for confirming the role of susceptible genes rely on sufficient prior understanding of the disease process to implicate possible disease-related genes. The three tools involved in positional cloning are 1) The Physical Map (Figure 1), 2) The Genetic Map (Figure 2), and 3) The Sequence Map of the DNA nucleotide (Figure 3) . Each tool allows for better focus on the gene being located. As Figure 1 illustrates, whole chromosomes are cut into large fragments of DNA and then cloned. Then cloned DNA pieces are realigned in the order in which they originally occurred in the chromosomes andShow MoreRelatedCloning for the Greater Good Essay1270 Words   |  6 PagesCloning for the Greater Good Many advances in science continue to bring possibilities and hope to people around the world. The possibility of therapeutic cloning and embryonic stem cell research not only brings hope to people with diseases but also brings fear to many when the thought of clones walking the earth comes to mind. Therapeutic cloning is an advanced procedure also known as somatic cell nuclear transfer (SCNT) where DNA is removed from an egg and replaced with DNA from a somatic cellRead More The Bright Future of Genetic Engineering Essay2185 Words   |  9 Pagesyears. Imagine a fundamental revolution in health care - with treatments and perhaps even cures for heart disease, arthritis, Alzheimer’s, cancer and AIDS. Richard J. Mahoney, 1993 (Wekesser 30) Genetic engineering is a topic which has come under great scrutiny and debate. Since its appearance on the scientific stage in 1973 (Wekesser 23), it has been heralded as everything from the discovery of a fountain of youth to the harbinger of the death of humanity. In reality, genetic engineering is noneRead MoreGp Essay Mainpoints24643 Words   |  99 Pagesrestrictions placed on traditional media †¢ Allow a plethora of new and alternative perspectives to come through †¢ Opening our eyes to the larger world beyond what we experience in our everyday lives †¢ More attuned to the happenings of our human counterparts NO: Move beyond ourselves, to take a stance on social issues, enabling us to take up causes far greater than ourselves by galvanizing and gathering the entire global community into taking concrete action †¢ E.g. Avaaz.org †¢ Making

Tuesday, May 5, 2020

Financial Statement Analysis Emirates Telecommunications Corporation

Question: Discuss about theFinancial Statement Analysisfor Emirates Telecommunications Corporation. Answer: Introduction The present report aims to develop an in-depth understanding of the financial position of Etisalat, a multinational company in the UAE operating in the telecommunication market. The report provides a proper understanding of the history of the company and analyses its liquidity, profitability, activity and debt position. History of the Company Etisalat is a branded trade name for Emirates Telecommunications Corporation that is a recognised multinational company of the UAE providing telecommunications services. The company operates across 17 countries including Asia, the Middle East and Africa. It is attributed to be about 13th largest mobile network operator and provides its services to approximately 167 million customers across the world. The company was established in the year 1976 as a joint stock corporation between International Aeradio Limited and local partners. The company transformed its ownership structure in the year 1983 with government of the UAE occupying about 60% share and 40% are publically traded (Company Profile, 2016). The company is currently aiming to meet the needs and expectations of the customers through providing higher speeds and larger coverage through innovative service offerings. The company has developed its business model specifically to meet the customers changing needs and demands through providing best possible customer services. The company has invested in fibre-to-the-home (FTTH) and LTE for providing 85% network coverage to the population of the country. Etisalat has achieved leadership in terms of technology and innovation through continually providing best customer services. The main focus of the company is to deploy higher technology solutions for developing products and services for the customers in order to meet their changing expectations. The increasing capital expenditure of the company is to provide wider coverage and high speeds to the customers though deploying latest technologies (Etisalat: Annual Report, 2015). Exploring Financial Statements-Matching the Business Model and Reading and Interpreting Derivatives in Accounting The derivates in accounting are used for hedging the financial risk and gaining protection against change in interest rates, commodity prices and equity values. As explored from the financial statements of Etisalat, the company does not involve the usage of derivatives. However, it is recommended to the company to implement the use of derivatives for safeguarding itself from unnecessary financial risk. The company must adopt a proper hedging policy through the use of derivates to protect from fluctuations in its financial performance (Kroll, 2005). Analyzing Liquidity and Profitability Liquidity Ratio Liquidity ratios examines and evaluates the current and long-term liabilities of the company. The most prominent liquidity ratios used to examine the ability of a company to meet its short and long-term obligations are current ratio and quick ratio (Mumba, 2013). Current Ratio: It examines the current assets of a company in relation to the current liabilities. The current ratio as calculated for Etisalat for the financial year 2014: Current Ratio: Current assets/Current Liabilities= 37,583,244/ 39,867,123=0.94 (Etisalat: Annual Report, 2014). The current ratio as calculated for Etisalat for the financial year 2015 is as follows: Current ratio= 41,680,494/ 42,344,526=0.98 (Etisalat: Annual Report, 2015). Quick Ratio: It evaluates the effectiveness of a company to meet its short-term obligations and is calculated as follows Quick Ratio= (Cash + Marketable Securities + Accounts Receivable) / Current Liabilities Quick ratio for Etisalat for the financial year 2014 is as follows=Current assets-Inventories/Current Liabilities=37,583,244-624,652/39,867,123=0.93 (Etisalat: Annual Report, 2014). Quick ratio for Etisalat for the financial year 2015 is as follows=41,680,494-774,089/42,344,526=0.97 (Etisalat: Annual Report, 2015). (All figures in AED000) Profitability Ratio Profitability ratio measures the ability of a company to generate profit after deduction of all costs and expenditure (Mumba, 2013). Operating profit and assets turnover ratio can be used to examine the profitability performance of a company. Operating Profit ratio: It depicts the relationship between operating profit and total net sales and is calculated as follows: Operating Profit ratio for Etisalat for the financial year 2014 is as follows: Operating Profit Ratio=Operating Profit/Total sales=9,925,894/48,508,398=0.204 (Etisalat: Annual Report, 2014). Operating Profit ratio for Etisalat for the financial year 2015 is as follows: Operating Profit Ratio= Operating Profit/Total sales= 11,321,938/ 51,737,018=0.22 (Etisalat: Annual Report, 2015). Assets Turnover ratio: It examines the efficiency of a company to generate sales revenue and is calculated as follows: Assets Turnover ratio for Etisalat for the financial year 2014 is as follows: Assets Turnover=Net Sales/Average Total Assets= 0.45 Assets Turnover ratio for Etisalat for the financial year 2015 is as follows: Assets Turnover=Net Sales/Average Total Assets= 0.40 (Emirates Telecommunications Group Co PJSC, 2016). It can be said from the liquidity and profitability analysis that Etisalat has improved its liquidity and profitability position from the financial year 2014 to the financial year 2015. Impact of Competition on Etisalat Companys Financial Performance On the basis of the financial ratio analysis conducted, it can be said that Etisalat has enhanced its financial performance. The liquidity and profitability position of the company has increased significantly in the financial year 2015 as compared to the financial year 2014. The liquidity ratio analysis depicts that the ability of the company to meet its short-term and long-term liabilities has enhanced from the year 2014 as compared to the year 2015. Also, the profitability ratio analysis depicts that efficiency of the company to generate sales has enhanced significantly in recent times. This is due to the continuous investment of the company into the latest technologies for effectively meeting the increasing competition in the market. Etisalat operates in highly competitive telecommunication market and thus has to implement latest technology solutions for effectively meeting the customer needs and demands. The use of innovative service offerings through adopting latest technology s olutions has improved its financial performance as can be seen from the above financial analysis. Debt Paying Ability and Risk Debt paying ability ratios examines the efficiency of a company to effectively meet its interest coverage (Houston and Brigham, 2009). The debt/equity ratio and debt ratio can analyse and examine the debt paying ability of Etisalat. Debt/Equity ratio for Etisalat for the financial year 2014 is calculated as follows=Debt/Equity=0.44 Debt/Equity ratio for Etisalat for the financial year 2015 is calculated as follows=Debt/Equity=0.41(Emirates Telecommunications Group Co PJSC, 2016). Financial Leverage ratio for Etisalat for the financial year 2014 is calculated as follows =Total Assets/Total Liabilities=3.07 Financial Leverage ratio for Etisalat for the financial year 2015 is calculated as follows =Total Assets/Total Liabilities=2.95 (Emirates Telecommunications Group Co PJSC, 2016). Activity Analysis: It is used to examine the ability of a company to transform its asset, liability and capital into cash or sales revenue (Bull, 2007). Accounts receivable turnover and inventory turnover can analyse the activity ratios of the company. Accounts Receivable turnover for Etisalat for the financial year 2014 is calculated as follows: Net Credit Sales/Average Accounts Receivable=3.35 Accounts Receivable turnover for Etisalat for the financial year 2015 is calculated as follows: Net Credit Sales/Average Accounts Receivable=2.83 (Emirates Telecommunications Group Co PJSC, 2016). Inventory turnover for Etisalat for the financial year 2014 is calculated as follows =Net Sales/Average Inventory= 23.63 Inventory turnover for Etisalat for the financial year 2015 is calculated as follows= Net Sales/Average Inventory=18.95 (Emirates Telecommunications Group Co PJSC, 2016). The debt paying ability and activity analysis of the company depicts that company is presently using less amount of debt in its capital structure. Thus, Etisalat involves the use of less financial leverage in its capital structure. However, the company need to improve its ability to transform its assets into cash as depicted from its activity analysis. The accounts receivable turnover and inventory turnover ratio of the company has decreased from the financial year 2014 to the year 2015. Therefore, the company must adopt strong measures for enhancing its ability to transform its asset, liability and capital into cash or sales revenue. Conclusion Thus, it can be said from the financial analysis conducted for Etisalat that the company has improved its financial performance in the year 2015 as compared to the previous financial year of 2014. References Bull, R. 2007. Financial Ratios: How to use financial ratios to maximise value and success for your business'. UK: Elsevier. Company Profile. 2016. Retrieved October 10, 2016, from https://www.etisalat.com/en/about/profile/company-profile.jsp Emirates Telecommunications Group Co PJSC. 2016. Retrieved October 10, 2016, from https://financials.morningstar.com/ratios/r.html?t=ETISALAT#tab-financial Etisalat: Annual Report. 2014. Retrieved October 10, 2016, from [https://etisalat.com/en/system/docs/12-4-2013/Etisalat-AnnualReport2015-English.pdf Etisalat: Annual Report. 2015. Retrieved October 10, 2016, from https://www.etisalat.com/en/system/docs/12-4-2013/Etisalat-AnnualReport2014-English.pdf Houston, J.F. and Brigham, E.F. 2009. Fundamentals of Financial Management. Cengage Learning. Kroll, K. 2005. How To Minimize Risks With Derivatives. Retrieved October 10, 2016, from https://businessfinancemag.com/tax-amp-accounting/how-minimize-risks-derivatives Mumba, C. 2013. Understanding Accounting and Finance: Theory and Practice. USA: Trafford Publishing.