Twelfth Night - Analysis Of Fools Essays (1272 words) -

Twelfth Night - Analysis Of Fools Twelfth Night - Analysis of Fools A fool can be defined in many meanings according to the Oxford English Dictionary On Historical Principles. The word could mean a silly person, or one who professionally counterfeits folly for the entertainment of others, a jester, clown or one who has little or no reason or intellect or one who is made to appear to be a fool (word originated from North Frisian). In english literature, the two main ways which the fool could enter imaginative literature is that He could provide a topic, a theme for mediation, or he could turn into a stock character on the stage, a stylized comic figure. In William Shakespeare's comedy, Twelfth Night, Feste the clown is not the only fool who is subject to foolery. He and many other characters combine their silly acts and wits to invade other characters that evade reality or rather realize a dream, while our sympathies go out to those. It is natural that the fool should be a prominent & attractive figure and make an important contribution to the action in forming the confusion and the humor in an Elizabethan drama. In Twelfth Night, the clown and the fools are the ones who combine humor & wit to make the comedy work. Clowns, jesters, and Buffoons are usually regarded as fools. Their differences could be of how they dress, act or portrayed in society. A clown for example, was understood to be a country bumpkin or 'cloun'. In Elizabethan usage, the word 'clown' is ambiguous meaning both countryman and principal comedian. Another meaning given to it in the 1600 is a fool or jester. As for a buffoon, it is defined as a man whose profession is to make low jests and antics postures; a clown, jester, fool. The buffoon is a fool because although he exploits his own weaknesses instead of being exploited by others....he resembles other comic fools. This is similar to the definition of a 'Jester' who is also known as a buffoon, or a merry andrew. One maintained in a prince's court or nobleman's household. As you can see, the buffoon, jester and the clown are all depicted as fools and are related & tied to each other in some sort of way. They relatively have the same objectives in their roles but in appearance wise (clothes, physical features) they may be different. In Shakespeare's Twelfth Night, Feste's role in this Illyrian comedy is significant because Illyria is a country permeated with the spirit of the Feast of Fools, where identities are confused, 'uncivil rule' applauded...and no harm is done. In Illyria therefore the fool is not so much a critic of his environment as a ringleader, a merry-companion, a Lord of Misrule. Being equally welcome above and below stairs.. makes Feste significant as a character. In Twelfth Night, Feste plays the role of a humble clown employed by Olivia's father playing the licensed fool of their household. We learn this in Olivia's statement stating that Feste is an allowed fool(I.v.93) meaning he is licensed, privileged critic to speak the truth of the people around him. We also learn in a statement by Curio to the Duke that Feste is employed by Olivia's father. Feste the jester... a fool that the Lady Olivia's father took much pleasure in(II.iv.11). Feste is more of the comic truth of the comedy. Although he does not make any profound remarks, he seems to be the wisest person within all the characters in the comedy. Viola remarks this by saying This fellow's wise enough to play the fool(III.i.61). Since Feste is a licensed fool, his main role in Twelfth Night is to speak the truth. This is where the humor lies, his truthfulness. In one example he proves Olivia to be a true fool by asking her what she was mourning about. The point Feste tried to make was why was Olivia mourning for a person who's soul is in heaven? CLOWN Good madonna, why mourn'st thou? OLIVIA Good Fool, for my brother's death. CLOWN I think his soul is in hell, madonna. OLIVIA I know his soul is in heaven, fool. CLOWN The more fool, madonna, to mourn for your brother's soul, being in heaven. Take away the fool, gentlemen. Adding to the humor of the comedy, Feste, dresses up as Sir Topaz, the curate and visits the imprisoned Malvolio with Maria and Sir Toby. There he uses his humor to abuse Malvolio who is still unaware that he is actually talking to the clown than

buy custom Health Insurance Portability and Accountability Act Rules essay

buy custom Health Insurance Portability and Accountability Act Rules essay Privacy rules are rules that bring the standards of the nation to protect the individuals against medical records and personal health information that apply to health plans. It also protects them from those who provide health care in clearing houses and to the electronically provided heath care. They are essential in keeping the secret of individual health information away from the public, giving the terms and conditions to use and the dissemination of such information without permission from the owner. They also give the patient the mandate over the health information and the right to obtain and acquire a copy of health record and even ask for correction if any. Security rules establishes the nation standards that protects the individuals from electronically personal health information that is created, acquired, utilized or that is protected by a covered entity. The rule mainly aims at protecting the electronic preserved health information and the federal agencies which are covered entities under the health insurance portability and accountability act which must comply with the security rule that aims at protecting the secrecy, integrity and availability of electronic protected health information. The rule must ensure the secrecy, integrity and availability of EPHI which creates, obtains, trnsmits and protects against any reasonable anticipated uses or dissemination of such information, which is not in agreement with the privacy rule. Standardized transaction code set rules are regulation that are established by the expertise and are supposed to be followed when the rules and orders are being made. They act as a guide line to the formation of the actual rules. Health information management services information is obtained from the department of health and human services. This information is necessary in the implementation of health insurance portability and accountability act strategy. As shown in the context in a technological view point James is responsible for making sure that, all the health information is accurately gathered, kept and, protected. The information obtained from this department is useful to the chief information officer in decision making, which is of importance to the organization and the members of the staff. Clinical nursing services information is obtained from the department of health and human services. It gives data which are essential in the decision making of the department and the orga nization at large. The information is gathered from the various activities, which takes place within and outside the clinics. Credit department is in the health and human services department and it is used to record all the transactions, which takes place in that department. The information recorded is used to analyze the performance of the organization which is useful to the members of the staff in decision making. Treatment is the provision, staffing or management of health care services and any similar services among those who provide health care or a third party with a health care provider consulting between the health care providers regarding a client or the referral of the client from one health care provider to another. Payments are the various activities which provide health care services to obtain payments or to compensate for their services and for those of health plan to receive premiums for the fulfillment of their coverage responsibilities and give benefits under the plan. Operations refer to the administration, finance, legal and quality improvement activities that of an entity which is covered, that are necessary to operate the business and to support the main functions of treatment and payments. The chief compliance officer is correct because the information follows the health insurance portability and accountability act which gives the directions on how to set the rules and on how they should be regulated. Buy custom Health Insurance Portability and Accountability Act Rules essay

African creation myths Essay Example for Free

African creation myths Essay ? 1. Perhaps the answer that would best suit the question why life is so hard and then you die is how death is portrayed in these stories. There is suffering and hardship in one’s life because of disobedience of the hardships and commands of his gods. Death ultimately becomes the only â€Å"salvation† after so much hardship.   Had the living things and man obeyed the orders of their god, death would not have overcome these lives. In the story of the Plant of Life, the second wife, in her jealousy of not being considered by her husband despite the death of the first wife decided that in order to end her suffering must kill the plant that has taken the time and affection that would have been hers. Hence, ultimately, it is no wonder that in the end, the wife bears the consequent death of all living things. 2.  Ã‚   Basically these African myths hold women in the same way that women are being viewed today. Women are seen as being responsible for the ills that happened to society and life in general.   For example, in the story of the Plant of Life, the second wife was blamed for being the source of death when â€Å"she saw the plant and was jealous and cut it down with a hoe.† (Plant of Life). Such story shows how of little value women are because if the god did not play favourites among his wives, the story would not have ended that way. As a whole, women are viewed as being the cause of tragedies. 3. This myth basically starts out as a story of creation of the world and its five elements.   However, as the story intertwined itself it became a story not of creation but of destruction as each element became defeated by the other until at last Doondari, the god who created these things came down to earth and became the eternal one.   A very good point of interest here is how the story incorporated the attributes of men like sleep, blindness, worry and death and how these attributes became defeated when all of them became proud. It would seem that the writer wanted to emphasize that pride became the reason for the fall of its attributes and in the end, it was the god who has to put everything in its place. 4. One interesting thing about this myth is how Shida Matunda got afraid when the jealous wife killed the plant which what became of his favorite wife when she died. He is a god and yet he had no hold over life when in fact, he created the world and its living things. It would seem that as a god, he too depended on â€Å"higher beings† than himself and that he attributes life on these beings such as the plant which became the plant of life. 5. Between the myth of the Disobedience of Man and the story of creation in Genesis, one common factor emerges as to why one man disobeyed his Creator.   In this African myth, the root of the disobedience is the woman who failed to follow the orders of her god not to till the soil for food while in Genesis, Eve did not take heed in God’s warning not to eat the Forbidden fruit lest they will be punished. Hence, when they disobeyed the order of their gods, they were punished: the first beings in this African myth were sent with Death while Adam and Eve were banished out of the paradise that God created for them. 6. Indeed there is a great similarity between the myth Revolt Against God and the great Flood in Genesis although the manner of wiping out the face of the earth vastly differs with the version in Genesis.   In the myth of the Revolt against God, the gods wiped out the earth through fire whereas in the version of Genesis, the world was wiped out by the Great Flood.   Perhaps the reason why there is a similarity between the two stories is because we all came from the same roots.   Just like in the religions of   Christianity and Islam that traces its roots to Abraham, these stories of cleansing the earth may have also come from one original source and just branched out after generations of passing it. 7.   Ã‚  The gods in these African myths are not at all like gods but rather seemed like counterparts of men.   Although they have created the world, the living things and men, they never ceased to be like human beings who still feel the emotions of human beings or maybe they are simply reflections of the image and likeness of the beings they have created.   However, these African gods tend to be fickle-minded sometimes and would do whatever they feel like doing at the heat of the moment and that analyzing these myths, one can surmise that they are just exercising their power over their creations. African creation myths. (2017, Feb 28).

Customer Loyalty at Ritz Carlton Hotel Essay Example | Topics and Well Written Essays - 500 words

Customer Loyalty at Ritz Carlton Hotel - Essay Example In his study, customer loyalty is associated will the kind of treated and services they receive. Customer loyalty is therefore seen with respect to how a customer responds to the products and services presented by the company (Lawfer 11). In Ritz Carlton industry, customer loyalty means the creation of customer satisfaction through creation of culture where customer needs is given priority through provision of high quality of products and services and good personal services by the employees of the company. He does this by making sure that the customer is made to feel valued by the company. However, as Andreassen and Lindestad state, customer loyalty is dependent on corporate image and the disconfirmation of expectations. Therefore, a company with good corporate image which puts the interests of its customers first is likely to win customer loyalty. In Ritz Carlton, a loyal customer has a lifetime worth of $ 1 million. According to Carflton, a loyal customer will try to sell a company to other customers luring them to it and that is why they are priced highly as opposed to a disloyal customer who will try to paint your company in a negative way. In Ritz Carlton`s hotel, customer satisfaction if given priority as the employees are empowered to use huge amounts of money as long as their motive is to satisfy their customers and make them happy. When a customer realizes that all her needs have been catered for in the hotel, their desire to come back for more service is boosted. The management also hires only those employees who are able and knowledgeable in meeting customer demand. Customer needs are given priority through customer orientation as they are made to feel valued. The company retains its customers through provision of high quality products and services. Ritz Carlton hotel builds customer relationships by ensuring that well trained and reputable employees are hired. The employees are trained to be customer focused and are required to

Corporate Strategies Assignment Example | Topics and Well Written Essays - 2000 words

Corporate Strategies - Assignment Example With its vision of enabling its customers to make the most of their world and possibilities though the services it offers, O2 plc (O2) accomplishes its commitment of providing mobile communication services in Europe. The business organisation also profits from its leading mobile internet portal business. Armed with its values of being bold, trusted, open, and clear, O2 continues its quest to become the telecommunication industry's market leader. The creation of O2 in the 1990s can be traced backed to the decision of British Telecommunication to "demerge its mobile phone business" in order to strengthen the financial position of the latter. From its beginning, the firm is currently a major player in the various nations where it operates including the United Kingdom, Republic of Ireland, Germany, the Isle of Man, and Asia. As the business organisation is focused on satisfying consumer needs, O2 strategic business units are classified according to their geographic locations. It should be noted that the products being offered varies in each region (O2 Plc 2006). The major products of O2 are mobile telecommunication equipments which are either paid through installment plans or pre-paid. With its thrust to provide the market with higher quality products, the company offers complementary services like third generation telephony (3G), O2 Active, I Mode, and O2 Online. O2 also ensures the satisfaction of customers by offering product features like entertainment through its sponsorship of the England Rugby Team and Arsenal FC and partnership with Anschutz Entertainment Group (O2 Plc 2006). III. Competitive Position in the Industry Environment As stated above, O2 Plc operates in different geographic locations, battling head-on with various competitors. Table 1 shows the geographical locations of firm's business activities alongside with its competitors in each region. It can be deduced that O2's direct competitors are Orange SA (Orange), T-Mobile, 3, Vodafone Group Plc (Vodafone), Virgin Mobile Ltd. (Virgin Mobile), Meteor Mobile Communications Limited (Meteor), and e-plus. Table 1. Geographical Location of O2 and its Main Competitors Geographical Region Major Competitors United Kingdom Orange, T-Mobile, 3, Vodafone Ireland Vodafone, Meteor, 3 Germany T-Mobile, Vodafone, e-plus Czech Republic T-Mobile, Vodafone Slovakia T-Mobile, Orange In order to look at the relative position of O2 Plc relative to its competitors in the United Kingdom, this report will look each business organisation in terms of market scope, number of customers, financial performance, market growth, products and services sold, and factors affecting business well-being. The main findings including the data for O2 are tabulated in Table 2. Among all the players in the global mobile communication industry, Vodafone holds the largest market share at 26.8%. The business organization is recognized as the largest mobile telecommunication company in the world with a market value of 65 billion (Vodafone 2006). It is estimated that the market leader approximately has 186.8 million subscribers in the 27 countries where it conducts its

Staff Training and Development Essay Example for Free

Staff Training and Development Essay From a company perspective, training and development of company employees are essential for organizational operation. From an employee perspective, the same factor is critical for skill development and for career advancement. â€Å"The retention of valued skill sets, are important for continued business achievements† and as a supervisor it is important to continuously train and develop your staff’s skills (McClelland, 1993). As a supervisor of employees whose task is to assemble tuning devices that go into cell phones, it is important to investigate why the quality of work has diminished. Training, managerial development and training, and performance management are some factors that could be attributing to the decrease in quality of the tuning devices assembled by the employees. Trial and error will need to take place in order to determine if the lack of training has been contributing to poor quality work. The training of employees leads to â€Å"increased employee satisfaction, facilitates the updating of skills, leads to an increased sense of belonging and benefit, increased employee commitment to the organization, and strengthens the organization’s competitiveness† (McClelland, 1993). It also improves productivity efforts. â€Å"It is improbable to produce improvements in human performance without relying, to one degree or another, on training† (Asim, Waqas, Cheema, 2012). To determine if training should be necessary or required, it would be important for the supervisor to look back at past training modules and new processes. Employees may need retraining on assembling tuning devices and the importance of quality work ethics. Audits of employee training will focus on task evaluations, work practices, and methods in an attempt to address the problem that has been affecting the employee’s quality of work. Managerial training and development could also play a part of the employee’s quality of work. It is important as a supervisor to attempt to â€Å"improve managerial performance by imparting knowledge, changing attitudes, or increasing skills† (Dessler, 2011, p. 155). Improving managerial skills can assist with implementing ways to improve employee performance and development. As a supervisor, it is important to work on goals and to figure out which goals are not working for your employees. A supervisor needs to assess their management skills to see if it is hindering or affecting the employee’s work ethics. Feedback on employee knowledge or changes in quality need to further discussion with employees on a weekly base especially if there has been a significant decrease in the quality of work. Another factor that a supervisor must ask is how often appraisal performances are conducted and what affect that has been having on the employee’s work quality. Appraisals help the supervisor make â€Å"promotion and salary raise decisions†, it lets the supervisor develop â€Å"a plan for correcting any deficiencies† (the quality of tuning devices), and it facilitates career planning by â€Å"providing an opportunity to review the employee’s career plans in light of his or her exhibited strengths and weaknesses† (Dessler, 2011, p. 170). Creating an appraisal process can shine light on the current issue with the employee’s work quality. If the employees have not been given a goal and/or do not understand their job, it will affect productivity and the quality of work being performed. The supervisor’s appraisal process would reward productive employees and assist the professional growth and development of inexperienced and unproductive individuals. A quarterly appraisal can take place discussing the job description, the process of assembling tuning devices, previously determined goals and objectives; and ongoing observations and communications of performance. These quarterly appraisals provide information for the employees and can assist with assessing the causes of poor assembly of tuning devices. During the annual appraisal, if training or what was previously discussed in the quarterly appraisal has not improved the quality of work, then it may not be training and the Human Resources Department may need to get involved. One other factor not mentioned at the beginning is the potential of environmental change. As a supervisor, any new change in the work environment needs to be taken in consideration. Where there any new changes in assembling of tuning devices for the cell phones that was not covered or mentioned in training? Not all employees are ready for change and if not done correctly it can affect the quality of work. Asim, Waqas, and Cheema (2012) noted â€Å"employees thinking, acting and behaviors are important elements for consideration in order to achieve organizational change successfully†. A change may have been implemented that could be affecting the quality of assembling tuning devices. To improve the employees task to assemble tuning devices that go into cell phones training development, managerial development, performance appraisals, and monitoring change may need to be implemented. Constant monitoring of training and development will assess how the training succeeds. The supervisor will devote time to ensuring that employees get the training programs that is most appropriate for them given their existing skill sets. The supervisor will improve their managing skills and take into consideration any changes in the work environment that has been affecting productivity levels. Assessing these factors will assist in closing the gap between how the employees currently perform in their assembling work and how they need to perform to meet company objectives.

Mathematics and Art Essay -- Logic, Creativity, Philosophy

Mathematics and art are two areas of knowledge that demonstrate different degrees of interaction between critical and creative thinking. Whether considering mathematics or art, creative thinking evaluates a new or original idea containing some degree of value. Critical thinking examines assumptions and challenges a current belief or theory that has previously assumed to be true. Although general assumptions and creativity may be considered separately when considering extreme examples of concrete ideas and abstract ideas, the interplay of critical and creative thinking is one method in which new and validated knowledge is attained. Mathematics is an area of knowledge that may seemingly appear to be concrete, utilizing reason as its source of knowledge. On one hand, mathematics represents learned concepts using a repetitive procedure and logic that will rarely deviate. Beginning concepts of mathematics taught in schools are concrete with fixed steps and formulas for solving problems. For example, the properties of addition, subtraction, multiplication, and division yield fixed answers. Students only have to use the steps previously taught and accept them to be true to attain the correct response. Therefore, concrete concepts can only be accepted as true by using learned skills to process and generate information and belief. However, without some degree of understanding or context, the use of the skills as a repetitive â€Å"exercise† is not critical thinking because it has no meaning. It is accepted that the area of a right triangle is one half the base times the height. Reasoning can be used through the drawing of a grid and counting the squares to verify this formula. In this way, mathematics uses critical thinking to guid... ...ture, for example, buildings, bridges, and structures are taller, more energy efficient, and able to utilize previously impossible designs because the interplay of critical thinking and creative thinking has yielded new techniques. These three fields each utilize mathematics and art to generate the latest knowledge. Knowledge can be generated through the interaction of critical and creative thinking. Critical and creative thinking are both needed in different ways to create new ideas that are verifiable and credible. Ideas and interpretations that have been generated through advancements in math and the arts demonstrate that both critical thinking and creative thinking are needed to generate new knowledge. As a result, the questioning of established beliefs along with the creation of new ideas will yield beneficial knowledge to the world and its learners.

Report on Lease Financing

[pic] [pic] Course code: F-201 Course title: Financial accounting -2 Submitted to: Tahmina Akter Lecturer Department of Finance University of Dhaka Submitted by: Name | | | |Roll | | | |Section | | | |Md. Mostafa Kamal | | | |16-058 | | | |B | | | |Md. Sakib Bin Abdul Hannan | | | |16-096 | | | |B | | | |Md. Mehdi Hasan | | | |16-112 | | | |B | | | |Parvaj Mosaraf | | | |16-140 | | | |B | | | |Belal Hossain | | | |15-132 | | | |B | | | BBA 16th Batch Department of Finance University of Dhaka Date of Submission: 26-05-2011 Letter of Transmittal Date: 26th May, 2011. To Tahmina Akter Lecturer Department of Finance University of Dhaka Subject: Submission of report â€Å"A Report on Lease Financing†. Dear Madam, We are pleased to submit the report you have assigned to us. The report paper was to prepare the term paper on the course named â€Å"Financial Accounting-2† Course # F –201, as a part of our academic activities. This is the report on â€Å"A Report on Lease Financing†. The report reviews that how leasing company leases equipment. And we have focused a specific lease agreement of United Leasing Company with Delta Pharma Limited to have the real experience. We tried our best to prepare this report a fault free, but it is not possible. We hope that you will take any mistake with kind consideration. Thank you. Sincerely Mostafa Kamal (On behalf of the group-) Contents Acknowledgement This report entitled â€Å"A Report on Lease Financing† is submitted as the requirement of a part of the study of â€Å"Financial Accounting-2† in the BBA program conducted by Department of Finance, University of Dhaka. To prepare this report an intensive study was made covering various terminologies with the help of books named â€Å"Intermediate Accounting by Donald E. Kieso and Weygandt†. At first we want to pay our gratitude to all mighty Allah for preparing the report successfully. We are extremely grateful to our honorable course teacher Tahmina Akter, lecturer, Department of Finance, University of Dhaka for her painstaking guidance, suggestion and all type of support & supervision to prepare this report. She continuously reminded us for the preparation of this report paper and finally gave a out-line to write down the paper spending her valuable time. Without her untiring efforts, completion of this report paper would have been impossible. We like to give thanks especially to our friends and many individuals, for their enthusiastic encouragements and helps during the preparation of this report us by sharing ideas regarding this subject and for their assistance in typing and proof reading this manuscript. Executive Summary Lease financing is the most important issue that determines the direction of financial behavior in an organization, a financial level of effort, and the organization’s level of persistence in the face of obstacles of other types of financing. Now-a-days lease financing is the most emphasized topic to any challenging institution or organization to develop their financial resources as well as profit maximization or maximization of owner’s equity. Lease financing is so central to management because it explains why it is better for the organization to gather financially solvency by lease financing. By lease financing an organization can reach its specific destination. If an organization has effective lease financing efficiency it can survive & develop quickly than others. At first an organization considers lease financing and other financing cooperatively with one another then it takes decision to apply lease financing or other financing whichever is best. If other financing is the best than the lease financing then it will be selected, not lease financing. So from this comment it will be clear that lease financing must be selected it is not necessary. So which is the best is considerable matter. Background of the Report As a Part of Financial Accounting-2 course, we have prepared this report. Our course teacher, Tahmina Akter, instructed us to prepare a report on â€Å"Lease Financing†. We have made a detailed and critical analysis on the topic-All the five members of our group provided their sincerity and serious effort to prepare this term paper and the term paper submitted today – 26th May, 2011. Objective of the Report The main objective of our term paper is to show the lease agreement of a leasing company. We have study about advantage of leasing, various features of leasing but while preparing this report we have understood how leasing is important for company. Methodology and sources of information The term paper is written by using secondary resources. To prepare this term paper I have taken the help of numerous books, computer lab of business faculty of university of Dhaka. In this term paper I sorted information shortly and to collect information we went to computer lab and central library of Dhaka University. Besides I have also collected information through numerous sources such as The Daily Star and other daily news papers, journals etc. INTRODUCTION A lease is a contract whereby the owner of an asset (the lessor) grants to another party (the lessee) the exclusive right to use the asset in return for the payment of rent. Lease financing in Bangladesh means financing according to the methods of lease in Bangladesh. Sometimes it is more acceptable than others financing. Actually it is more profitable in some special sectors where other financing will be less profitable than lease financing. Most of us are familiar with lease of apartments, cars, and telephones. Bangladesh is a developing country, so lease financing is not very easy to apply here. In spite of these problems there are many sectors where lease financing is strictly applied. The key difference between a finance lease and an operating lease is whether the lessor (the legal owner who rents out the assets) or lessee (who uses the asset) takes on the risks of ownership of the leased assets. The classification of a lease (as an operating or finance lease) also affects how it is reported in the accounts. The classification of large transactions, such as sale and leasebacks of property, may have a significant effect on the accounts and on measures of financial stability such as gearing. However, it is worth remembering that an improvement in financial gearing may be offset by a worsening of operational gearing and vice-versa. Leasing: A lease is a contractual agreement between two parties establishing an arrangement for the use of an asset in return for periodic payments by the user. In a lease arrangement: ? The lessor is the asset owner, who receives the periodic payments. ? The lease makes the payments to the lessor in return for using the asset. Types of leases: All leases can be categorized broadly as either operating or financial leases. In turn, financial leases can be categorized into specific types. We will discuss the various types of leases below. Operating leases: An operating lease is a short-term, cancelable lease. A simple example of an operating or service lease is a lease for telephone service. Financial leases: A financial lease is typically a long term, no cancelable lease- the opposite of an operating lease. At the termination of the lease contract, the lessee often can either renew the lease or purchase the asset. Features of operating leases: 1. The lease is cancelable by the leasee prior to its expiration. 2. The lessor provides service, maintenance, and insurance. 3. The sum of all the lease payments by the lesee does not necessarily fully provide for the recovery of the asset’s cost. Features of financial leases: 1. The lease is not cancelable by the lessee prior to its expiration date. 2. The lessee is typically responsible for service, maintenance, and insurance for the asset. 3. The asset is fully amortized over the life of the lease. Financial leases can be divided into two basic forms: 1. Direct lease: In the straightforward arrangement, the firm leases an asset it did not previously own. The firm simultaneously signs the lease agreement with the lessor and orders the equipment from the manufacturer. The lessor pays for the equipment, which is sent to the firm. The firm makes lease payments to the lessor based on a lease agreement worked out by the two parties. If the direct lease is from the manufacturer, then the manufacturer and the lessor are one and the same. 2. Sale and leaseback: In this arrangement the firm sells an asset it currently owns and then leases the same asset from the buyer. Lease payments are set to return the full purchase price plus a rate of return deemed reasonable. The advantage to the lessee is that it allows the firm to continue using the asset while providing cash that can be used elsewhere. It has become increasingly more common in recent years for companies to lease equipment. Each leasing agreement needs to be read through carefully to understand the terms and conditions within said lease. Typically a lease can run anywhere from one to five years. Most equipment necessary in commercial businesses today, including technical equipment, can be leased. Some leases provide an option to then purchase the equipment at substantially less money when at the end of the term of the lease. By leasing equipment, if structured properly, you can maintain your credit availability, as the lease debt does not have to be considered a direct liability on your financial statements. This is advantageous, as it does not limit your ability to borrow from lending sources. Advantages of lease financing: ? It offers fixed rate financing; you pay at the same rate monthly. ? Leasing is inflation friendly. As the costs go up over five years, you still pay the same rate as when you began the lease, therefore making your dollar stretch farther. (In addition, the lease is not connected to the success of the business. Therefore, no matter how well the business does, the lease rate never changes. ) ? There is less upfront cash outlay; you do not need to make large cash payments for the purchase of needed equipment. ? Leasing better utilizes equipment; you lease and pay for equipment only for the time you need it. ? There is typically an option to buy equipment at end of lease term. ? You can keep upgrading; as new equipment becomes available you can upgrade to the latest models each time your lease ends. ? Typically, it is easier to obtain lease financing than loans from commercial lenders. ? It offers potential tax benefits depending on how the lease is structured. One of the reasons for the popularity of leasing is the steady stream of new and improved technology. By the end of a calendar year, much of your technology will be deemed â€Å"dinosaurs. The cost of continually buying new equipment to meet changing and growing business needs can be difficult for most small businesses. For this reason leasing is very advantageous. Leasing can also help you enhance your status to the lending community by improving your debt-to-equity and earnings-to-fixed assets ratios. There are a variety of ways in which a lease can be structured. This provides greater flexibility so that the lease is structured to best accommodate the individual cash flow requirements of a specific business. For example, you may have balloon payments, step up or step down payments, deferred payments or even seasonal payments. The actual advantages of leasing: The most important reason for leasing remains the tax reason. This advantage exists because firms are in different tax brackets, allowing a firm that can not take full advantage of a potential tax shield to shift such a shield to another firm. If the lease payments are set at proper rate, the firm that does the transferring can benefit, as can the lessor. Although someone has to lose, that someone will be the IRS. Disadvantages of lease financing: Leasing is a preferred means of financing for certain businesses. However it is not for everyone. The type of industry and type of equipment required also need to be considered. Tax implications also need to be compared between leasing and purchasing equipment. You have an obligation to continue making payments. Typically, leases may not be terminated before the original term is completed. Therefore, the renter is responsible for paying off the lease. This can pose a major financial problem for the owners of a business experiences a downturn. ? You have no equity until you decide to purchase the equip ment at the end of the lease term, at which point the equipment has depreciated significantly. ? Although you are not the owner, you are still responsible for maintaining the equipment as specified by the terms of the lease. Failure to do so can prove costly. A lease involving a third party that lends the lessor part of the funds ecessary to purchase the asset to be leased. 1. Equipment manufacturers: Durable-goods manufacturers often establish subsidiary leasing or credit companies. One of the main reasons that manufacturing companies provides lease financing is to encourage the use of their product. 2. Financial institutions: Banks, bank holding companies, and life insurance companies. These institutions are heavily involved in long-term financial leases. From their standpoint, leases are merely a secured lending. 3. Independent leasing companies: This provides much of the direct leasing. The financing effect: It is a form of borrowing. The contractual agreement on the lease payme nts is no cancelable. Therefore as other types of debt, failure to make the lease payments can result in bankruptcy. Both lessors and lessees generally, and correctly, view a financial lease as a form of borrowing. Leasing is similar to debt; it has an impact on the amount of borrowing a firm can do. Generally, the more a firm leases, the less it can borrow. This debt displacement is an implicit cost of leasing. The tax effect: For tax purposes, the lease is entitled to a full deduction of all qualified lease payments. Therefore, like other forms of borrowing, the government subsidizes the cost of leasing. The reporting effects: Leasing used to be referred to as off-balance sheet financing. Under rior accounting practices, because the firm did not own the asset, neither the asset nor the companion lease liability had to appear in the body of the balance sheet. A footnote reference, often a very terse one, was sufficient. The superficial effect was to understate the firm’s indebtedness position. Les see reporting: The capitalized value of capital leases and their companion liabilities are put in the body of the lessee’s balance sheet. These capitalized values are the present value of the lease payments. Thus the present value of the lease payments appears on the right-hand side of the balance sheet as a liability and on the left-hand side as an asset. [pic] ULC was established in 1989 as a public limited company, to cater the investment needs of our economy. ULC provides lease financing facilities to all market segments of customers, Small & Medium Enterprises, Commercial Houses, Large Corporate organizations. Under Lease financing They provide; ? Industrial machinery and motor vehicles at concessionary term. ? Machinery and Furniture for Hospital use. ? Truck or Bus for Transportation. ? Equipment or Furniture for Official use. Delta Pharma Limited (DELTA PHARMA) has been propelling steadily towards its goal (Better Care†¦ Better Cure†¦ ) since its launch on November 21, 2004. It is a public limited company. Vission The vision is to reach a level of excellence in pharmaceuticals through a sustained effort to quality assurance and to achieve a global standard through the indoctrination of a culture of excellence. Mission Our mission is to benefit people and improve their quality of life through our quality products. As a generic company, our growth is closely knitted to the satisfaction of our customers. We would like to ensure customer satisfaction through providing quality medicine at affordable cost, launching new molecules & expediting export to all possible avenues. We are committed to achieving our goal through skilled, creative, and motivated employees. ULC agrees to lease a drug manufacturing machine to Delta pharma company on January 1, 2010. ULC has added following information in the contract: 1. The lease agreement is noncancellable in nature with 6 years time period. 2. There will be no renewable option after lease term. 3. The cost of the machine was tk. 245000 and the fair value of the machine at January 1, 2010 is tk. 245000. 4. Machine will be reverted to the leesor at the end of this term at which time the machine will have scrape value worth tk. 43622 which is ungurrenteed. 5. Delta Pharma will bear the responsibility all executive cost. 6. ULC requires equal rental payment annually beginning January 1, 2010. 7. Collectability of the lease payment is reasonably predictable. There are no uncertainties surrounding the amount of costs yet to be incurred by the ULC. Required calculation by ULC Rental payment calculation Fair market value of the leased asset to lesor tk. 245000 Less: Present of the ungurenteed residual value tk. 24623. 31 (43622X. 56447) Amount to be received through lease payment tk. 220376. 69 Six periodic lease payment (tk. 220376. 69/4. 79079) tk. 46000 United Leasing Company (Lessor) Lease Amortization Schedule Date |Annual lease payment plus |Interest on lease |Recovery of lease |Lease receivable | | |URV |receivable |receivable | | |1-1-10 | | | |245000 | |1-1-10 |46000 | |46000 |199000 | |1-1-11 |46000 |19900 |26100 |172900 | |1-1-12 |46000 |17290 |28710 |144190 | |1-1-13 |46000 |14419 |31581 |112609 | |1-1-14 |46000 |11261 |34739 |77870 | |1-1-15 |46000 |7787 |38213 |39657 | |1-1-15 |43622 |3965 |39657 |0 | Journal entries for ULC Journal entries given by the United Lea sing Company for the first two years: Date |Journal |Amount(tk) | |1-1-10 |Lease receivable†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. †¦. Dr |245000 | | |Equipment†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Cr |245000 | |1-1-10 |Cash†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. Dr |46000 | | |Lease Receivable†¦Ã¢â‚¬ ¦ Cr |46000 | |12-31-10 |Interest Receivable†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. Dr |19900 | | |Interest Revenue. †¦.. Cr |19900 | |1-1-11 |Cash†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. Dr |46000 | | |Lease Receivable †¦Ã¢â‚¬ ¦Cr |26100 | | |Interest Receivable†¦. Cr |19900 | |12-31-11 |Interest Receivable†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. Dr |17290 | | |Interest Revenu†¦Ã¢â‚¬ ¦. †¦. Cr |17290 | Findings Analyzing this report we have come to terms: 1. Lease plays an important role for business. 2. Easy for business to get lease. 3. Lease agreement may contain less restrictive provisions than other debt agreement. 4. Business finds leasing cheaper than other forms of financing. 5. Business does not report an asset or liability for the lease agreement for financial reporting purposes. 6. It is a contractual agreement. 7. It may be cancellable or no cancellable. 8. Leasing provides business an opportunity to transfer tax benefit to another party. The leasing market is becoming more competitive because of the new leasing companies are entering the market. However, There are still leasing companies are doing well. The political stability and overall economic development is an essential precondition of the smooth growth of this sector. If we can ensure these two preconditions, the leasing sector of Bangladesh would be able to perform a strong role in our industrial development. If we disuses more and more about lease financing, and if we try to spread it among our general public about its advantages, we will go clearly ahead. It is very favorable to apply lease financing in Bangladesh. From above discussion, it is clear that, in many sectors lease financing is better than other financing. If we know about lease financing properly, we can use or we can avail all the advantages of lease financing where other financing is not favorable for us. 1. Brigham, E. F. and M. C. Ehrhardt. 2001. Financial management: Theory and practice. 10th Edition. Singapore. South- Western. 2. Bhole, L. M. 1992. Financial Institutions and Markets: structure, growth and Innovations. 2nd Edition. New Delhi. Tata- McGraw-Hill Publishing Company. Evaluation of students’ performance; 3. Horne, J. C. 1999. Financial Management and Policy. [pic][pic][pic][pic][pic][pic][pic][pic][pic][pic][pic][pic][pic] ———————– Bibliography 05 06 07 07 07 08 09 11 13 18 21 22 22 1. Acknowledgement 2. Executive Summary Background of the report Objective of the report Methodology and sources of information 3. Introduction 4. Lease Financing 5. Advantage and disadvantage of leasing 6. Sources of lease financing 7. A lease contract 8. Findings 9. Conclusion 10. Bibliography TOPIC PAGES A Report on Lease Financing Conclusion The effects of leasing on the firm: A Lease contract of United Leasing company with Delta Pharma Limited Sources of lease financing: Leveraged lease: Advantages and Disadvantages of Lease Financing for Businesses Lease Financing [pic] (Lessee) [pic] (Lessor)

Regression Analysis and Credit Balance

AJ DAVIS Generate a scatterplot for CREDIT BALANCE vs. SIZE, including the graph of the â€Å"best fit† line. Interpret. Determine the equation of the â€Å"best fit† line, which describes the relationship between CREDIT BALANCE and SIZE 2591+ 403. 221 Determine the coefficient of correlation. Interpret. .75/ r-sq(56. 6%). There is a mild correlation. Determine the coefficient of determination. Interpret. 56. 6% Test the utility of this regression model (use a two tail test with ? =. 05). Interpret your results, including the p-value. P-value=0. Reject the null hpothesis.T value 7. 9147 Based on your findings in 1-5, what is your opinion about using SIZE to predict CREDIT BALANCE? Size is a good predictor for credit balance. Compute the 95% confidence interval for beta-1 (the population slope). Interpret this interval. (300. 79, 505. 66) Using an interval, estimate the average credit balance for customers that have household size of 5. Interpret this interval. (4368. 20 , 4846. 90) Using an interval, predict the credit balance for a customer that has a household size of 5. Interpret this interval. (3337. 87, 5877. 23)What can we say about the credit balance for a customer that has a household size of 10? Denotes a point that is an extreme outlier in the predictors. Using MINITAB run the multiple regression analysis using the variables INCOME, SIZE and YEARS to predict CREDIT BALANCE. State the equation for this multiple regression model. Credit balance= 1276. 02+ 32. 2719 income(1000) + 346. 852 size + 7. 88209 years. Is this multiple regression model better than the linear model that we generated in parts 1-10? Yes. Reject years there is no corralation of coefficient. Income is useful and years in combination with size and income.

Critical Thinking and Language

Critical Thinking and Language As Tom Cochrane sang in one of his songs that was released in 1991, I believe that "Life is a Highway." Life has its many ups and downs, lefts and rights, and different routes that you can choose to take. There are obstacles that you need to overcome while you are on your journey through life as well as wherever you may be driving. Sometime's you can run into some construction or an accident that will slow you down just like you can run into problems in your life that will slow you down. I once had to wait to get some school papers straightened out all because I had forgotten to date a page that I had faxed. I had to date the page and then refax the papers. Talk about something minor, in my opinion, holding me up.I also believe that life can be compared to a roller coaster.English: There are no symbols that represent skept...(Diversity, n.d.).Definition of CommunicationThe exchange of thoughts, messages, or information, as by speech, signals, writing, or behavior (Communication, n.d. ).The Role of Language and Language DiversityIn the role of language and language diversity, the purpose is a method in which an individual communicates to get his or her opinion and ideas across to the other individual. From region to region languages are developed, the diversity of languages are therefore formed. The United States has approximately 250 different languages spoken. That being the case, in today's workforce there may be more of a chance to work with someone who may not be as fluent in the English language as another (Thiederman, 2006). In order to communicate effectively one needs to use critical thinking to break the barriers of language diversity.When hearing an individual with an accent, the assumptions are made that...

Discuss the value of having a strong corporate brand for an Essay

Discuss the value of having a strong corporate brand for an organisation - McDonalds - Essay Example (McDonalds Corporation, 2008; Brand Republic, 2002) For this study, the student will first define the true meaning of brand followed by the basic information related to the establishment of a brand. After discussing how McDonald’s have been managing its corporate brand over the years, the student will examine the importance of branding within the hospitality industry. Prior to the conclusion, the student will enumerate the benefits attached with having a strong brand on the part of McDonald’s and its consumers. Brand is defined as the â€Å"name, term, sign, symbol, design, or a combination of these† (Kotler, 2000: 404) such as the yellow coloured ‘M’ sign of McDonald’s. Basically, the main purpose of a brand name is to enable the consumers to identify the products or services of one company from a similar product that is being offered by other companies. Aside from using a simple brand name, it is also possible for McDonald’s to have a brand extension such as in the case of ‘McDonald’s Happy Meal’ or ‘McDonald’s land or playplace’ used in targeting children (Gidman, 2008; Roberto & Roberto, 2004) offered by the company; (2) the physical and emotional benefits the consumers get out of patronizing the company’s product and services; (3) the values of the company in terms of its capability to render a high quality product to its target consumers; (4) the corporate culture such as being organized in terms of delivering its services to the public; and (5) the kind of consumers that patronizes the products and services offered by the company. (Aaker, 1997; Kapferer, 1992: 38) There are many ways on how to establish a brand. Marketing managers or a company owner(s) has the option to use the founder’s name(s), location, the quality of a product, the lifestyle of a company’s target market, an artificial name, a culture or a heritage. (Urde et al., 2007;

Question 31 & 32 Essay Example | Topics and Well Written Essays - 500 words

Question 31 & 32 - Essay Example This means that criminal activities take places because criminals have low control over themselves. Individuals have low control over themselves because they have been brought up in a poor manner and their attachment with their parents is even quite weak which elevates the chances of them getting into a criminal act. Hirshi and Gottfredson even state that individuals who have low control over themselves even indulge in actions that may not be considered criminal but are quite harmful, these actions include: alcohol and drug abuse, road accidents and pregnancies that are not wanted. The base of the general theory of crime is the elements of love, affection, involvement and belief. Individuals having low self control are those who are not committed to the norms and cultural values of their societies and they end up committing criminal act as they give preference to satisfaction over the norms and cultural values of their society. 2. The theory of Left Realism came into existence during 1970s and was created in response to the importance given to deviant behaviors conducted by those who are considered as elite of the society (Adler, 2010, p.205). Left Realism states that the people within the lower class experience day to day criminal activities conducted against them and they mainly experience street related crimes (Vito, 2006, p.232). According to Left realists, street crimes are caused because individuals are committers of these crimes are deprived from social and political participation. Another emerging perspective of criminology is peacemaking criminology; this ideology of criminology promotes fairness, nonviolent living and impartiality between the components of the society (Adler, 2010, p.206). According to peacemaking criminology, the current state of fighting crime and actions used to counter criminal activities can only lead to more