Monday, May 25, 2020
Many forms of religion have developed over the years; some worship one god, others, many gods and goddesses and even idols. They worship, pray to, and rely on the gods, goddesses, and idols to answer prayers or requests. The ancient Greeks worshiped many gods and goddesses, which they saw as ruling over many functions of their daily lives: such as love, crops, water, wisdom, and warfare. Ã¢â¬Å"The ancient Greeks lived by myths, fables, and teachings, which developed as oral stories during the Bronze Age. The most popular first known written poet is Homer who wrote Ã¢â¬ËIliad and the OdysseyÃ¢â¬â¢ in the 8th century.Ã¢â¬ There are so many Greek myths, gods, goddesses, and mythical creatures that have developed over this time period. One of the mostÃ¢â¬ ¦show more contentÃ¢â¬ ¦One well known battle throughout Greek Mythology was the Trojan War in the Iliad and the Odyssey. The Trojan War started when Eris tossed a golden apple labeled the fairest among three jealous goddesse s Athena, Aphrodite, and Hera, which of course all of them wanted to be the fairest, but Zeus refused to judge the three goddesses. Zeus sent them to pick a mortal named Paris to decide. Each goddess promised him a treasure to be chosen; Hera promised him to be the lord over Europe and Asia, Aphrodite offered him the most beautiful women, and Athena offered him victory against the Greeks. Paris chose Aphrodite who promised him the most beautiful woman which happened to be Helen who was married to Menelaus king of Sparta. Paris and Menelaus had a bond, which he left Paris in his home only to return from Crete to find Helen gone which lead to 10 years of battle. AthenaÃ¢â¬â¢s role in the Trojan War was that she assisted the Greeks by being their greatest ally along with Poseidon. She chose to side with the Greeks when Paris did not choose her, sealing the fate of the Trojans. Her alliance changed after the fall of Troy, when they became enemies when the Greeks over celebrated their victory and did not give any credit of the victory to the gods. When the Greeks sacked the city, Ajax violated Cassandra the prophetess from AthenaÃ¢â¬â¢s temple, and no Greek protested. This
Thursday, May 14, 2020
When I think of holiness and love, I think of Jesus. He truly shows the meaning of love and holiness. He loved us enough to die for our sins when He was sinless. Everything that is done should be out of love. All throughout the Bible, we can see what love really is. GodÃ¢â¬â¢s holiness shows us love. The holiness you give is devoted love to God. You have to have holiness and love. The one who claims to be God would have to demonstrate God-like moral attributes of holiness, love and goodness, or those qualities that are associated with deity. (Robert Peterson, The Deity of Christ. Wheaton: Crossway, 2011). Holiness is the quality of perfection, sinlessness, and inability to sin that is possessed by God alone. As Christians, we are called to be holy (1 Pet. 1:16). We have to be holy in obedience (1 Pet. 1:15). God has made us holy through His son Jesus Christ (Eph. 1:4; 1 Pet. 2:9) Matt Slick. Retrieved from https://carm.org/dictionary-holy . When we read about the holy in the Bible, the primary idea is that which is set apart, unique, or different. In 1 Chronicles 23:13 we read of Aaron being Ã¢â¬Å"set apartÃ¢â¬ or made unique in his capacity to offer sacrifices for the people of God. This quality of uncommonness or uniqueness can apply to people, objects, or time. (Ligonier Ministries. 2015. http://www.ligonier.org/learn/devotionals/meaning-holiness/ ). Jesus became the Son of God at His resurrection, because Paul said, Ã¢â¬Å"Declared to be the Son of God with power, according to the SpiritShow MoreRelatedStanding On The Shoulder Of Giants1712 Words Ã |Ã 7 Pagescontemplative and the holiness tradition. The contemplative tradition started in the fourth century and emphasis was placed on solitude, meditation, and prayer. The contemplative move is traced back to monks living as hermits in the desert in the Middle East. In history, they are known as Ã¢â¬Å"Desert Fathers,Ã¢â¬ Antony of Egypt was an early leader of the movement. The holiness tradition or movement started in the early eighteenth century by John Wesley. The tradition holiness movement center on virtueRead MoreOf The Many Books That People Have Given Or Suggested Over1177 Words Ã |Ã 5 Pageshave come at a better time for the Church as it was dealing with the criticisms of the Reformers of this time. Prior to St Francis de Sales writing this book, there were four major types of French spirituality movements present in the late 1500Ã¢â¬â¢s and early 1600Ã¢â¬â¢s. The first was devotio moderna which lingered on from the Middle Ages and was characterized by a Christ-centered spirituality that was concrete, intimate, personal and more suited for those living in a cloister. The second movement came fromRead MoreA Observation Of A Holiness Church Of God1292 Words Ã |Ã 6 Pages Group Great Leadership Inturns Create Great Leaders: A Participant Observation of a Holiness Church of God Altariq Jones Central Piedmont Community College Introduction Macedonia Holiness Church was established in 1954 in Fairmount, North Carolina. This dynamic church is one of many which form a congregation of churches. Specifically, there are 13 churches in this specific congregation all lead by Pastors. In turn the congregation is led by a Senior Bishop and a Bishop boardRead MoreThe Cry Of Every Believer Should Be Ã¢â¬Å"Let Me Decrease As1777 Words Ã |Ã 8 Pagespersonal holiness. Every follower of Jesus Christ is called to holiness. As a believer focuses on faithfully serving the Lord, that believer will continue to mature in holiness. Holiness falls under the category of being, it is defined throughout scripture, Old and New Testament. In the highest sense of the word, holiness belongs to God ( Isaiah 6:3 ; Revelation 15:4 ), and to Christians as consecrated to God s service, and in so far as they are conformed in all things to the will of God ( RomansRead MoreGod s Free Gift Of Salvation1648 Words Ã |Ã 7 Pages1 Corinthians 1:18 KJV Ã ¢â¬Å"For the preaching of the cross is to them that perish foolishness; but unto us which are saved it is the power of God.Ã¢â¬ This verse describes many people who will not accept GodÃ¢â¬â¢s free gift of salvation because they believe the things of God are foolish. Many Christians debate what they believe will happen to those who die without receiving salvation however there appears to be three main views on the destination of the unbeliever. There is the literal view which states thatRead MoreGod s Salvation For Us1813 Words Ã |Ã 8 Pagesthe exploration of discerning God s predestined plan of salvation for us, we have to understand a little bit about his own nature, attributes and characteristics. With our limited mind, we cannot fully comprehend or define Him, but based on the scripture verses that we have, we can observe some of His essences and attributes. His divine essences are revealed in the Scripture through His love, holiness and righteousness. Some theologians, who tried to understand God s nature, also agree about someRead MoreThe And The Doctrine Of Salvation817 Words Ã |Ã 4 Pageswealth so that nothing (Horton pg.271) Ã¢â¬Å"will be able to separate us from the love of God in Christ Jesus our Lord.Ã¢â¬ (Ro 8:39) (Horton pg. 323-324) LetÃ¢â¬â¢s visit the different layers of salvation. In our textbook, Horton starts with the blessing of Justification. Ã¢â¬Å"God justifies the wicked.Ã¢â¬ Justification is a legal act, wherein God deems the sinner righteous on the basis of Christ s righteousness. Horton tells us on pg. 280, Ã¢â¬Å"God justifies the wicked Ã¢â¬â not those who have done their best yet have fallenRead MoreThe Testament Of The Bible1231 Words Ã |Ã 5 PagesBible. Moses was the author of the Book of Leviticus. Leviticus contains the law and commandments that God gave to his newly sanctified people to obey as their part of their covenant relationship. (Reading the Old Testament, Page 69-70) It was written because the Israelites had been held captive in Egypt for 400 years, the concept of God had been distorted by the polytheistic, pagan Egyptians. God began His introduction to the Law with the Ten Commandments, but the entire Law encompasses 613 commandmentsRead MoreSnake Handling, a Pentecostal Pastime Essay1256 Words Ã |Ã 6 PagesPentecostals take the word the bible? What makes these snake-handlers so different from other Christians? What can the serpent-handlers do to make their worship practices not get such a bad rep from the outside? I believe that if the serpent handing Holiness Pentecostals can create a centralized authority for their worshiping ways that displays their behavior as welcoming and friendly, they will be able to better educate the public about what their mission is all about, and become a stronger and moreRead MoreThe Story Of Euthyphro, By Plato1936 Words Ã |Ã 8 PagesHoliness, given by the dictionary definition, is Ã¢â¬Å"specially recogniz ed as or declared sacred by religious use or authority.Ã¢â¬ This definition is not universal; it is susceptible to the subjectivity of individuals of various beliefs and backgrounds. In the story of Euthyphro, by Plato, Socrates bombards Euthyphro with a series of difficult questions that challenge Euthyphro s knowledge of the term Ã¢â¬Å"holiness.Ã¢â¬ Euthyphro claims to have Ã¢â¬Å"accurate knowledge of all such thingsÃ¢â¬ (Euthyphro, 5b); however
Wednesday, May 6, 2020
nbsp;nbsp;nbsp;nbsp;nbsp;Since its start in the music industry around nineteen eighty-eight rap music has always been under a lot of scrutiny for its lyrics and messages that it portrays. Rap music has a long history starting back to the days of slavery and has come a long way since then bridging gaps between all genres of music including jazz, blues, and basic drum beats. When hip hop first came about its message was simple. It was groups of black men who described the life they were living in the ghettos all over the world. They felt helpless and viewed the government in a very strong negative way based on the lack of help African AmericanÃ¢â¬â¢s were given in the contexts of housing, education, and living. As rap music developed andÃ¢â¬ ¦show more contentÃ¢â¬ ¦Femininity in Rap music is a movement in self expression. Women have played important roles in hip hop history but have always been back up singers or dancers in a more male dominated field. Feminist researcher Anne OÃ¢â ¬â¢Connell claims that, Ã¢â¬Å"not until the past ten years female rappers have made their mark and gained considerable recognition and respect as artists and lyricists in the fieldÃ¢â¬ (OÃ¢â¬â¢Connell). The female rap movement spawned from female vocalists in the blues genre. These women sang about exploiting themselves sexually as a means of empowerment. Female rap artists took this idea from their predecessors and took off with this idea of female empowerment in a growing industry of hip hop. In nineteen ninety-five a female rap group by the name of Salt N Pepper came onto the scene and were the first women of the times to be viewed sexually and at the same time rap about being empowered. Their first hit single was a song called Ã¢â¬Å"ShoopÃ¢â¬ which is a word that is a euphemism for having sex. In the song they say Ã¢â¬Å"I wanna shoopÃ¢â¬ meaning I want to have sex which was not something typical for female artists to say. This song broke boundaries for women by d isagreeing with the clichÃ © myth that women should not discuss their sexuality and do not discuss their lust towards men. Pepper starts off in the song by saying, Ã¢â¬Å"WhatÃ¢â¬â¢s your name? No not you! The bow-legged one. Yeah. WhatÃ¢â¬â¢s your name. Damn! ThatShow MoreRelatedRap as a Language2526 Words Ã |Ã 11 PagesSince its start in the music industry around nineteen eighty-eight rap music has always been under a lot of scrutiny for its lyrics and messages that it portrays. Rap music has a long history starting back to the days of slavery and has come a long way since then bridging gaps between all genres of music including jazz, blues, and basic drum beats. When hip hop first came about its message was simple. It was groups of black men who described the life they were living in the ghettos all over theRead MoreGangster Rappers : Gangster Rap929 Words Ã |Ã 4 PagesGangster rappers always encourage sex or demeaning women, where some songs are merely produced wit h the purpose of disgracing women. Subject matters in a majority of gangster rap lyrics usually deal with curious situations, as in the portrayal of women as dirty sex toys with no value other than pleasure through looks and intercourse and even inventing words, such as Ã¢â¬Å"bennett,Ã¢â¬ Ã¢â¬Å"poontang,Ã¢â¬ and Ã¢â¬Å"thots.Ã¢â¬ Furthermore, drugs are another topic widely spoken by gangster rappers, where the songs contentsRead MoreHip Hop And Rap Music1505 Words Ã |Ã 7 PagesSwiss Hip Hop and Rap According to Michael Dyson and Wikipedia, Hip hop music and Hip Hop culture formed during the 1970s when block parties became increasingly popular in New York City. The genre became home to and was developed by African American youth residing in the Bronx. Block parties involved DJs playing very percussive breaks of popular songs Then Rapping developed as the primary vocal style of the genre. Hip hop s early evolution occurred as sampling technology and drum-machines becameRead More Music Essay - America Needs Rap and Hip Hop1366 Words Ã |Ã 6 PagesAmerica Needs Rap and Hip Hop Ever since it became popular in the late eighties, hip-hop music has been a target of moral disapproval. Many critics have labeled the music as an offensive, vulgar, misogynist form of expression, which negatively influences its listeners, particularly children. Early in rap musics development concerned citizens and various government officials held protests against the release of certain rap albums. Rap musics opponents demanded strict censorship. ButRead MoreUse Of Poetic Devices And Figurative Language1747 Words Ã |Ã 7 PagesThrough this essay I am going to answer the question: Ã¢â¬Å"To what extent does Eminem use poetic devices and figurative language to convey meaning in his lyrics?Ã¢â¬ . Marshall Bruce Mathers III, going under the stage name Eminem, is an American rap artist, record producer, and actor goes down as one of the best-selling artists of the early 21st century. He was discovered by Dr. Dre after dropping his second album, The Slim Shady LP. After years of failure, his hard work finally paid off. Living in povertyRead MoreThe Impact Of Rap Music On Today s Society867 Words Ã |Ã 4 PagesThe impact of rap music in todayÃ¢â¬â¢s society is extremely substantial. Many Americans listen to rap music, even though different rap artist discuss various issues in their songs, it may influences their fans to do the same. A large amount of rap music contains explicit lyrics that describe illegal activities, aggression, and sexual content. Researchers from Iowa State University and the Texas Department of Human Services found that aggressive music lyrics increase aggressive thought and feelings, mightRead MoreThe Effects Of Rap Music On Social Behavior Essay1693 Words Ã |Ã 7 Pagestoday, it is highly noticed that the role of rap music messages and video images of violence causes an increase in negative emotions, thoughts and behaviors which could lead to violence amongst youth. Rap music has been at the center of concern in regards to the potential harmful effect of violent media on social behavior amongst youth. This potential behavior could be seen in the music video titled Ã¢â¬Å"KimÃ¢â¬ by Eminem. In this music video, the storyline, language and sound encourages hostile thoughts andRead MoreThe Effects Of Rap Songs Sung By Men Speak Of Women1415 Words Ã |Ã 6 PagesOut of twenty rap songs previously analyzed, the word Ã¢â¬Å"bitchÃ¢â¬ was said thirty-eight times. Irrespective of those twenty, a striking majority of rap songs sung by men speak of women in an unfavorable way, often reducing them to sex objects. Rap has had a dramatic rise in popularity in recent years, due in large part to the fact that sex sells. The unintended consequence is that female subjects featured in this kind of music are often the ones that suffer the most. Most of the rappers with the greatestRead MoreWhy Country Music is better than Rap687 Words Ã |Ã 3 PagesIn the world today, music has become a big influence on everyone. With the power of music, each person has the ability to accomplish goals even if the music is country or rap. Most people believe that music can change a personÃ¢â¬â¢s mood or behavior which is true. Without music people could not control the way they act. Most music has the power to affect a personÃ¢â¬â¢s mood and other music can get them out of control. If music did not exist the world would be tedious. Without having music, people would notRead MoreIs All Rap Music Promoting And Glorifying Crime And Degrading1351 Words Ã |Ã 6 Pages Is all rap music promoting and glorifying crime and degrading women? This is a question that is asked often and the general consensus is that, yes, it does. Is there any evidence however to back up these claims and are the rappers intending their music to be seen in a negative aggressive way. I donÃ¢â¬â¢t necessarily think that rap music does anything but give the musician an outlet for their talent and use topics like women and crime in their songs for commercialization and to create an image that rappers
Tuesday, May 5, 2020
Question: Discuss about the Advanced Principles Of Financial Accounting. Answer: Introduction: In this particular assignment, assessment of financial position and financial performance of three companies that are listed on London stock exchange have been done. Report preparation also incorporates exploring academic literature for identifying the imitations, advantages and critiques associated with ratio tool in financial performance assessment. Assessment and evaluation of financial performance of AB Dynamics, Quartix Holding Plc and Spectris Plc are demonstrated in the report. AB Dynamics is a recognized leader in supplying whole car solutions for testing of vehicles (abd.uk.com 2018). Organization is experiencing steady growth due to improved performance of reputation and quality of their products. Quatrix is one of the leading suppliers of vehicle tracking services and system in Europe (Quartix.net 2018). Organization has developed a considerable market presence in the insurance telematics market of United Kingdom. Spectris is one of the important suppliers of controls and instrumentation that helps in enhancing productivity (Spectris.com 2018). It is engaged in controlling and measuring instruments of the industrial applications that are most technically demanding. All these stock listed companies are analyzed for carrying out assessment of their financial performance using the tool of ratio analysis. Evaluations of financial performance of companies have been done by analyzing data presented in financial statements such as income statement, cash flow statement and balance sheet. Theoretical background: A certain set of ratios are chosen for displaying the companys financial performance and some of the most commonly used ratios involve profitability ratio, efficiency ratio, gearing ratio, liquidity ratio and investment ratio. Financial ratios are a time-tested method for analyzing the financial performance of companies. Ratio analysis is regarded as an indispensable part for interpretation of results presented in the financial statement of entities. Users and investors are provided with crucial financial information and they are able to assess the areas for carrying out investigations (Wahlen et al. 2014). Investors are able to ascertain in depth analysis of liquidity, profitability, efficiency and solvency levels of business. Cross sectional analysis of organization can be done by gaining information as the performance of companies are done with the best industry standards. Financial statements users are able to gain information for making estimates and projections for future (Call en 2015). Advantages of ratio analysis for assessing financial performance of companies: The understanding of efficiency of users in way business are conducted is improved and the latent aspects of business receive light by identification of numerical relationship. Investors will be able to have detailed understanding of bright spots as well as problem areas of business if analyses of ratios are done properly. It also assists management of organization to improve their financial situation in future. Advantages of ratio analysis can be summarized below: Assist in making comparative analysis- Calculation of ratios are not done for any particular year, rather they are calculated year on year. Trends of business can be explored when figures are kept side by side. Trend knowledge would help business in making projections about its future performance (Schrand et al. 2016). Enabling understanding the efficacy of decisions- Investors are able to make assessment about whether business have undertaken proper investing, operating and financing decisions (Henderson et al. 2015). It would indicate the contribution of such factors in performance improvement. Relationship establishment and simplification of complex figures- Ratio analysis helps in generating relationships and simplification of accounting figures that are complex (Konchitchki and Patatoukas 2016). Effectiveness of financial information can be summarized using ratio tool and assessing credit worthiness of firms, managerial efficiency and earning capacity. Identifying problem areas of business- Investors are able to spot bright as well as problematic areas of business. It is important for business to segregate these two areas, as management will be focusing more on problematic areas and sharpening, and improving further bright areas to get better results. Enabling SWOT analysis- Changes occurring in business environment can be explained by employing tool of ratio analysis (Cascino et al. 2016). Management of organization is able to perform SWOT analysis and understand current opportunities and threats posed to business with the help of information of change. Limitations of using ratio analysis: No standardized definitions- Several concepts that are used in ratio analysis does not have standardized definitions. Liquid liabilities do not have any standardized definition. It generally incorporates all current liabilities but sometimes exclude bank overdraft. Lack of Universally accepted level of standards- There level of ideal ratio cannot be specified for judging the financial position as there do not exist any universal yardstick (Maynard 2017). Lacking ability for problem solving- Ratio analysis do not intend to provide any particular solution to problems as they play a role of whistle blowing and is essentially indicative. Current versus historical cost- It is certainty possible that some elements in the balance sheet of reporting entity is stated at historical costs while income on income statement is stated in current cost. This would create disparity between the results obtained by conducting ratio analysis. Accounting policies- Accounting policies of one company is different from another company. Accounting data limitations- Finality and precision of results obtained through ratio tool comes with an unwarranted impression due to accounting data. Generally, materiality of information is affected by accounting data that reflects a combination of accounting conventions, personal judgments and recorded facts (Dutta and Patatoukas 2016). It is certainly possible that financial statements do not reflect true state of affairs and hence true pictures will not be provided by ratio. Ignoring changes in level of price- Analysis of financial statements of different years of organization becomes meaningless because change value of money is changed due to accounting records. The above listed points relating to ratio analysis depicts that there various advantages and disadvantages. Due to several critics and limitations associated with ratio analysis, it is suggested that investors and business should be used with due consciousness while evaluating the financial performance of organization (Weygandt et al. 2015). This will help organization and investors as a whole in planning strategies that will help in improving future performance. Furthermore, it has also been ascertained that critics of ratio analysis is also associated with limitations of financial statements. Comparative analysis: In this section, analysis of financial performance of three chosen companies that is AB Dynamics, Quartix Holding Plc and Spectris Plc are performed by using tool of ratio analysis. Ratios have been computed for the period of three years that would help in identification of trend of performance. Profitability analysis- Profitability position of companies are analyzed by computing ratios such as gross profit margin, net profit margin, return on investment and return on equity. Gross profit margin- Gross margin of AB dynamics in year 2014 is computed at 29.10%, Quartx has recorded profit margin of 64.86% and Spectric has recorded at 57.63%. It can be seen that Quartx has recorded highest profit margin in year 2014. When looking at figures for year 2015, AB dynamics stood at 32.38%, Quartx has profit margin of 63.61% and Spectric has 57.40%. Looking at 2016 figures, AB dynamics has recorded 30.17%, Quartx has ratio at 60.26% and Spectric gross margin ratio stood at 56.51%. It is indicated by figures that all companies have downward trend in relation to their gross margin. Graph depicts that gross profit margin trend of Quartx Plc is better compared to its competitors. Net profit margin- Net profit margin recorded in year 2014 for AB dynamics stood at 15.54%, Quartix recorded 26.30% and Spectris at 11.51%. Looking at figures for year 2015, AB dynamics recorded 19.65%, Quartix recorded 25.48% and Spextris recorded 9.56%. For year 2016, AB dynamics recorded net profit margin at 18.93%, Quartix recorded 24.99% and Spectris stood at 0.77%. It is indicated by graph below that Spectris has maintained stable trend in generating net profit margin. Therefore, Quartix is generating higher net profit margin compared to other companies. Return on investment (ROI)- Return on investment computed in year 2014 for AB Dynamic stood at 15.84%, Quartrix at 21.92% and 9.61% for Spectris. When looking at figures for year 2015, ratio stood at 19.2% for AB Dynamics, 23.12% for Quartrix and 7.8% for Spectris. ROI for year 2017, stood at 18.16% for AB Dynamics, 24.25% for Quartrix and 0.59% for Spectris. Analysis of figures is indicative of the fact that Quartix has been experiencing an upward trend in generating return on investment compared to Spectris that has downward trend. Therefore, Quartix is more efficient in utilizing their shareholders equity for generating profits. Return on equity (ROE)- ROE computed for year 2014 stood at 20.84% for AB Dynamics, 33.17% for Quartix and 14.75% for Spectris. Quatrix is recording higher return on equity. Looking at figures for year 2015, ratio concerning AB Dynamics stood at 23.78%, Quatrix at 32.99% and 11.78% for Spectris. On other hand, ROE for year 2016 is computed at 22.12% for AB Dynamics, 31.82% for Quartix and 0.96% for year Spectris. Analysis of figures indicates that Spectris is experiencing downward trend in generating ROE and Quartix is generating stable return. From the analysis of above figures, it can be inferred that the profitability position of Quatrix is better compared to its competitors in terms of return on equity, return on investment and net profit margin. Therefore, profitability position of Quartix is better compared to its competitors because of higher gross profits generated. Efficiency analysis- Efficiency level of companies are analyzed by the computation of ratios such as asset turnover ratio, days in sales turnover, days sales outstanding and days payable outstanding. Days sales outstanding (DSO)- DSO computed concerning year 2014 stood at 114.40, 46.02 and 72.33 for AB Dynamics, Quartix and Spectris. Looking at figures relating to year 2015, ratio stood at 62.41, 47.97 and 77.63 for AB Dynamics, Quartix and Spectris respectively. On other hand, figures in year 2016 stood at 46.39 for AB Dynamics, 40.52 for Quartix, 83.15 for and Spectris. Analysis of figures indicates that Spectris Plc has rising trend while AB Dynamics has rising trend. Higher DSO indicates that Spectris is collecting their receivables faster and they are more efficient. Days payable outstanding (DPO)- DPO computed for year 2014 stood at 108.34 for AB Dynamics, 136.03 for Quartix and 147.53 for Spectris. For year 2015, ratio for AB Dynamic stood at 100.93, Quartix at 144.88 and 148.77 for year 2016. AB Dynamic has declining trend concerning DPO while other two companies that are witnessing rising trend. Lower DPO indicates that company is operating efficiently by making payment to their suppliers. Days sales in inventory- Days in sales turnover indicates efficiency of companies in collecting cash from their customers. Ratio stood at 74.32, 29.54 and 128.96 for AB Dynamics, Quartix and Spectris in year 2014. For year 2015, ratio stood at 83.04, 32.52 and 131.41 for AB Dynamics, Quartix and Spectris respectively. Ratio for AB Dynamics, Quartix and Spectris in year 2016 stood at 81.49, 26.76 and 117.11 respectively. AB Dynamics is experiencing rising trend as against Spectris that is experiencing downward trend. Spectris trend has lower ratio, which is indicative of the fact that company has efficient collection procedures as they are collecting cash from customers at faster pace. Asset turnover ratio- Asset turnover ratio for AB Dynamics, Quartix and Spectris stood at 1.02, 0.83 and 0.83 for year 2014 and 0.98, 0.91 and 0.82 for year 2015 respectively. For year 2016, ratio stood at 0.96, 0.97 and 0.78 for AB Dynamics, Quartix and Spectris. Analysis of figures is depicting that Quartix is experiencing rising trend in generating sales by utilizing their assets compared it competitors. It is inferred from above figures that AB Dynamics has better efficiency position compared to its competitors as depicted by falling days sales outstanding and days sales in inventory. Liquidity analysis- Liquidity positions of companies are analyzed by computing ratios such as current ratio, quick ratio and cash flow coverage ratio. Cash flow coverage ratio- Cash flow ratio for AB Dynamics, Quartix and Spectris stood at -.207, .787 and0.136 for year 2014 and 1.239, .877 and 3.11 for year 2015 respectively. Ratio for year 2016 stood at 1.081, 1.079 and .325 for AB Dynamics, Quartix and Spectris. Analysis of figures depicts that ratio for Spectris plc initially increased and declined drastically. Quartix has experienced increasing trend indicating the fact that company is more efficient in paying its obligations using operating cash flow. This is so because total liabilities of Quatrix has declined in current year. Current ratio- Current ratio for AB Dynamics, Quartix and Spectric stood at 3.885, .797, 1.487 for year 2014 and 4.642, 1.119, 1.914 for year 2015 respectively. On other hand, ratio stood at 5.039, 1.664 and 1.748 in year 2016 for all three companies respectively. It can be seen from the analysis of above figures that current ratio of AB Dynamics is experiencing increasing trend as against Spectric that is facing declining trend. AB Dynamics has higher current ratio but value is unreasonably higher. Hence Quartix Plc is efficient in meeting its obligations using current assets. The reason is attributable to the fact that current assets is increasing at higher pace compared to increase in current liabilities. Quick ratio- QR for AB Dynamics, Quartix and Spectric stood at 3.257, .714 and .899 for year 2014 and at 3.863, 1.021 and 1.207 for year 2015 respectively. On other hand, quick ratio for all three companies in year 2016 stood at 4.176, 1.545 and 1.182. It can be seen from figures that all three companies are experiencing increasing trend. However, quick ratio of AB Dynamics is considerably higher than other two companies. Quick ratio of Quartix is increasing followed by AB Dynamics. This is because value of inventories is increasing for Quartix at lower rate compared to other companies. Moreover, liabilities are increasing at lower pace. Therefore, it can be inferred that Quatrix plc is liquid compared to other companies. From the analysis of above figures, it is inferred that liquidity position of Quartix is stable and there is steady increase in their liquidity position compared to its competitors. This is so because Spectric Plc has experienced an abrupt increase and decline in their overall liquidity position. Moreover, AB Dynamics liquidity position is also favorable but their current ratio is increasing at higher rate, which indicates that their cash is lying idle. Solvency analysis- Solvency analysis of companies are analyzed by computation of gearing ratios such as debt to equity ratio, equity ratio, debt ratio and time interest earned ratio. Debt to equity ratio- Debt to equity ratio for AB Dynamics, Quartix and Spectric for year 2014 stood at 0.32, 0.51and 0.54 and 0.24, 0.43 and 0.51 in year 2015. It depicts that except Spectric is fluctuating while rest of them has been experiencing declining value. On other hand, ratio for all three companies in year 2016 stood at 0.22, 0.31 and 0.62 respectively. Analysis of above figures depict that Quatrix has declining trend compared to AB Dynamic and Spectric, which is experiencing increasing trend. Lower ratio is considered favorable and hence Quatrix is more favorable compared to other companies. This is because total liabilities of Quatrix is falling and depicts that their financial position is more stable. Equity ratio- QR for AB Dynamics, Quartix and Spectric stood at 3.257, .714 and .899 for year 2014 and at 3.863, 1.021 and 1.207 for year 2015 respectively. When looking at figures for year 2016, ratio for AB Dynamics, Quartix and Spectric stood at 0.82, 0.76 and 0.62 respectively. Analysis of figures depicts that equity ratio for AB Dynamics and Quartix is increasing while that of Spectric is decreasing. Quartix and AB Dynamics has higher equity ratio as against Spectric. Higher ratio indicates that organization has lower proportion of debt in their capital structure. Debt ratio- Debt ratio for AB Dynamics, Quartix and Spectric stood at 0.24, 0.34 and 0.35 in year 2014 and 0.19, 0.30 and 0.34 in 2015. For year 2016, ratio stood at 0.18, 0.24 and 0.38 for three companies respectively. Debt ratio for AB Dynamics has declined while for Spectric, ratio has declined initially and it has increased subsequently. Ratio has reduced continuously for Quartix. Spectric has witnessed increasing trend while Quartix has declining debt ratio. Lower debt ratio of Quatrix is indicative of the fact that organization has relatively lower proportion of debts compared to their total assets. The reason is attributable to the fact that proportion of debt is increasing at lower rate compared to increase in total assets. Time interest earned ratio- Time interest earned ratio for AB Dynamics, Quartx and Spectric for year 2014 stood at 103.19, 46.97 and 28.53 and 48.94, 87.61 and 27.09 for year 2015 respectively. Time earned interest ratio has increased continuously for Quatrix compared to Spectric and AB Dynamic that are experiencing declining trend. Quattrix has significantly increasing trend whereas Spectric has declining trend. Higher ratios are regarded as more favorable compared to lower ratios because this would indicate that company is capable of paying interest before taxable income (Gonzalez 2015). Organization is capable of making interest payment when they are falling due. They are less risky compared to other companies. From the analysis of all solvency ratios, it can be inferred that Quartix has better solvency position as they are more efficient in servicing debt in long run compared to its competitors. Investment analysis- Investment analyses of companies are analyzed by computation of payout ratio, dividend yield ratio and price to earnings ratio. Payout ratio- Payout ratio computed in year 2014 for AD Dynamics stood at 19%, for Quartix value stood at 70% and Spectris stood at 41%. For year 2015, ratio stood at 15%, 47% and 52% for AD Dynamics, Quartix and Spectris. This depicts that payout ratio for AD Dynamics and Quartix is decreasing and for Spectris, ratio is increasing initially and it is decreasing subsequently. On seeing the overall trend, trend of ratio is increasing throughout the year of analysis. AB Dynamics and Quartix have been experiencing stable trend indicating that these two companies have been paying stable return to their investors and much of their earnings are reinvested in companies for supporting their growth in upcoming years. On other hand, Spectris has increasing trend that is indicating of the fact that more of earnings of company is shared with investors and little is kept for reinvesting in business. For Spectris, there is sudden increase in ratio, however, Quartix is experiencing stable return. Dividend yield ratio- The amount of cash dividend that is distributed to common shareholders in relation to market price per share is measured by dividend yield ratio. Investors to depict how cash flow is generated by investment made in stock use a ratio (Barth 2015). Investment generates return in the form of an increase in value of assets either by appreciation of stocks or by generating cash flow in the form of dividend. Dividend yield ratio for AB Dynamics, Quartix and Spectric for year 2014 and 2015 stood at 0.015%, 0.040%, .022% and 0.014%, 0.020%, 0.029% respectively. Now, looking at the figures for year 2016, ratio for AB Dynamics, Quartix and Spectrix stood at 0.006%, 0.018% and 0.022%. It can inferred from the analysis of figures that ratio for AB Dynamics and Quartix is reducing continuously from 2014 to 2016. AB Dynamics has experienced declining trend in dividend yielding and the reason is attributable to the fact that rate of increase in dividend per share is less than rate of increase in market price per share. Now, looking at value of dividend yield for Quartix, it can be seen that trend is declining. This fall in dividend yield ratio is because the dividend per share that is being paid to shareholders has reduced by less value in year 2015 and has increased by less point in year 2016. Compared to dividend paid per share, market price per share is significantly increasing since year 2014. On other hand, ratio for Spectris is decreasing initially and it is increasing subsequently. Looking at trend, it can be said that Spectris is also experiencing declining trend in terms of dividend yield. Therefore, from the analysis of above figures, it can be inferred that Spectris along with its competitors are witnessing declining trend in terms of dividend yield. This fall in ratio is mainly bec ause of lower dividend payment per share made to shareholders. Quatrix is having stable trend in terms of dividend yield ratio. Price to earnings ratio- Expectation of investors regarding the reasonableness of market price of shares and growth in earning of firms is reflected by price earnings ratio. Variation in ratio differs from company to company depending upon perception of investors. Price earnings ratio of AB Dynamics, Quartix and Spectris is computed at 1274.81, 1776.47 and 1848.72 for year 2014 and 1078.13, 2359.81 and 1762.50 for year 2015 respectively. When looking at figures for year 2016, ratio for AB Dynamics, Quartix and Spectris stood at 2071.75, 2635.66 and 26895.35 respectively. Analysis of figures depicts that Spectris is experiencing a considerable and phenomenal increase in price earnings ratio in year 2016. Looking at figures for Quartix, it can be said that company price earnings ratio-increasing year on year and hence, experiencing stable and increasing trend. Ratio for AB Dynamics is decreasing initially and increasing subsequently. Therefore, Quartix has favorable price earnings rati o. Therefore, it can be inferred from the analysis of above figures, Quartix has more profitable investment position from viewpoint of shareholders. Findings, Conclusions and Recommendation: The report prepared to evaluate the financial performance of three companies listed on LSE using ratio analysis demonstrate that financial performance of Quatrix is better from view point of investors compared to its competitors that is AB Dynamics and Spectris Plc. Performance of Spectris Plc has kept on fluctuating since year 2014. Investors prefer making investment in companies that is experiencing stable growth to a considerable period. They are most concerned about dividend that will receive and from the analysis of investment ratios, Quatrix has promised increasing dividend year on year. Increased dividend per share is attractive for investors investing in company, as they prefer suitable return from their investments. Investigations into the financial data of company illustrates that Quatrix is experiencing stable growth that would attract investors for making investment. On other hand, two companies are not stable in terms of their efficiency, profitability, solvency and liqu idity. Spectris Plc are witnessing sudden significant increase and decrease in their payout ratio, price to earnings ratio and cash flow coverage ratio. Performance of AB Dynamics and Spectris are not at par compared to Quatrix. It is required by these companies to improve their profitability and solvency position. They should try to reduce the proportion of total debt in their capital structures. Total liabilities of both the companies should be reduced as it is increasing at a significant rate. When it comes to efficiency, Spectris should try to utilize their assets for generating sales. AB Dynamics should take appropriate measures and methods appropriately in making payment to creditors. Companies should make increased payment to shareholders in the form of dividend for attracting investment. Therefore, Quartix is more attractive to investors compared to its competitors. In order for organization to maximize their shareholder wealth, measures should be taken to improve their performance on key investment metrics such as dividend yield ratio and price earnings ratio that will have an impact on consistently increasing their dividend payouts. References Abd.uk.com. (2018). [online] Available at: https://www.abd.uk.com/upload/files/2017-11-15_08-07-30_2017%20Annual%20%20AB%20Dynamics%20HI-Res.pdf [Accessed 11 Jan. 2018]. Barth, M.E., 2015. Financial accounting research, practice, and financial accountability. Abacus, 51(4), pp.499-510. Boyas, E. and Teeter, R., 2017. Teaching Financial Ratio Analysis using XBRL. Developments in Business Simulation and Experiential Learning, 44(1). Callen, J.L., 2015. A selective critical review of financial accounting research. Critical Perspectives on Accounting, 26, pp.157-167. Cascino, S., Clatworthy, M., Osma, B.G., Gassen, J., Imam, S. and Jeanjean, T., 2016. The decision usefulness of financial accounting information: an experimental interview study of institutional investors. Deegan, C., 2016. Financial accounting. McGraw-Hill Education Australia. Dunkin, Z.J., Abraham, K., Wyatt, B.M., Fust, B.T. and Moore, D.A., Voya Services Company, 2015. Tool for assessing financial accounts. U.S. Patent Application 14/931,371. Dutta, S. and Patatoukas, P.N., 2016. Identifying Conditional Conservatism in Financial Accounting Data: Theory and Evidence. The Accounting Review. Gonzalez, E., 2015. User profile parameters for financial accounts. U.S. Patent Application 15/038,706. Gupta, A.K., 2016. Behavioural Accounting: Adding Behavioral Aspect to Financial Accounting. The International Journal of Business Management, 4(3), p.38. Henderson, S., Peirson, G., Herbohn, K. and Howieson, B., 2015. Issues in financial accounting. Pearson Higher Education AU Hoskin, R.E., Fizzell, M.R. and Cherry, D.C., 2014. Financial Accounting: a user perspective. 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Financial accounting fundamentals. McGraw-Hill Higher Education. Zainudin, E.F., Zainudin, E.F., Hashim, H.A. and Hashim, H.A., 2016. Detecting fraudulent financial reporting using financial ratio. Journal of Financial Reporting and Accounting, 14(2), pp.266-278. Zha, Y. and Liang, L., 2015. Aggregated Ratio Analysis in DEA. International Journal of Information Technology Decision Making, 14(06), pp.1285-1297.
Tuesday, April 7, 2020
Pythagoras Born between 530-569 B.C. Pythagoras of Samos is described as the first pure mathematician. Pythagoras father was Mnesarchus of Tyre and Pythais of Samos. Mnesarchus was a merchant who was granted citizenship after he brought corn to Samos during a famine. The citizenship was an act of gratitude. There are accounts that Pythagoras traveled widely with his father, even back to his fathers home, Tyre and Italy. During these travels Pythagoras was educated by Chaldaeans and learned scholars in Syria. Little is known about Pythagoras physical attributes because of the large number of fictitious descriptions. The only description that is taken as fact is a birthmark that Pythagoras had on his thigh. Pythagoras had three brothers. I well educated young man Pythagoras played the lyre. This musical education later contributed to Pythagoras doctrines and mathematical studies Pythagoras had many teachers but one of the most important of those teachers was Pherekydes who is described by many to be the teacher of Pythagoras. Between the ages of 18 and 20 Pythagoras studied under Anaximander and he contributes that his astronomy was the natural development of Anaximanders. In about 535 BC Pythagoras traveled to Egypt, a few years before Polycrates took over his home town of Samos. While in Egypt Pythagoras visited many temples and entered into the priesthood at Diopolis. Pythagoras would use the customs that he learned at Diopolis in the founding of his philosophical society. Till the day he died he would practice the secrecy of Egyptian priests and strive for purity. After Persia invaded Egypt in 525 BC Pythagoras was taken in captivity and brought to Babylonia. In 520, after the death of Cambyses II and Polycrates, Pythagoras returned home to Samos. There is no explanation for the release of Pythagoras from Babylonia or any evidence that the death of Polycrates and his return were connected. Darius of Persia had taken control of Samos at this time. After founding a school in Samos, Pythagoras left for southern Italy (518 BC). Pythagoras founded a school of religion and philosophy in Croton. Followers known as the mathematiki surrounded Pythagoras. The mathematiki lived at the school, had no possessions and were vegetarians. Pythagoras himself taught the mathematiki. Both women and men were permitted to become members of the Society.. The outer circle of the society was known as the akousmatics, these people lived in there own houses and only came to the Society by day The Society practiced utter secrecy and communalism, making it hard to distinguish Pythagorass work from that of his followers. This makes Pythagoras actual work unknown. Pythagoras believed that everything was and is numbers. He is famous for his geometry thermo (A2 + B2 = C2 or the Pythagorean Therom). Although the Babylonians knew this almost 1000 years earlier Pythagoras may have been the first to prove it. . Pythagoras argued that there were three times of men, common to the three classes of strangers who come to the Olympic games. The lowest are those who by and sell, then those who compete and finally the best of all are those who simply watch. Pythagoras is the originator of numerology or the use of numbers to tell the future. His work influenced other great philosophers such as Plato and the doctrine of the tripartite soul. Pythagorass teacher, Pherekydes died in Delos in 513 BC. The was society destroyed by a neighboring factor but Pythagoras fled to Metapontium . It is said that he returned to rebuild and the society thrived and split into different fractions. The society was later destroyed and suppressed after becoming political in nature. The exact year of Pythagoras death or the cause of death is unknown. Philosophy Essays
Monday, March 9, 2020
Is a Prison Really Good For a essays Is a Prison Really Good For a Rural Community? With a dramatic increase of crimes throughout the US one question that comes up is, where do we put all these criminals? Many over populated prisons have turned to rural areas to help out with this crisis. With a substantial amount land and resources these rural areas are targeted to be a solution. Stressing the idea of bringing rural and urban communities together the government turns to these rural areas. With the promise of an increase in the economy and to bring local jobs to the community, the process of bringing a prison to a rural area almost becomes a competition. The local government knows the positive effects a prison will have on the economy and will do everything it takes to win the right to have a prison within their area. The government does not however speak for the community itself though. Many locals around the nation fear the negative effects such as high property taxes, increased crime, a change in lifestyle, and many other changes. In this paper I will sh ow how a prison can bring down a small community and even change the area forever. The biggest pro-prison support is that bringing a prison into a small town will bring jobs along with it. This statement is true, but one would have to read between the lines to see how many jobs are actually produced locally by the prison. Fitchen (1991) gives a good example of what the hiring process within a prison system looks like, A 750-bed medium security facility does employ about 400 people, with an annual payroll in excess of $12 million. But the jobs and payroll are not just for the people already living in the community before the prison came to town. The state indicates that about 20 percent of the 400 jobs will be filled by local residents; but within the local hirings, only certain jobs go to locals (Fitchen, 1991:221). If the prisons actually follow the 20 percent rule that means o...
Friday, February 21, 2020
Reflective report - Essay Example For the purpose of research, I have selected six banks, three from traditional banking sectors based in the United Kingdom (UK) and three from Islamic banking sector (Hennink, Hutter and Bailey, 2010; Wolters, 2013). I have selected performance of the banks from two different periods, that is, the pre-financial crisis era between 2005 and 2007 and post-financial crisis era between 2008 and 2012. The reason behind selection of these two periods is that it justifies the earlier studies by a number of authors that has been mentioned in the literature review. To analyze and compare the performance of the banks I have calculated financial ratios so that financial performance of the banks can be compared. The main purpose of conducting ratio analysis was to analyse the capital adequacy and profitability of the banks in context of different countries. Financial ratios were considered appropriate because these are standard measures and can be compared easily. Furthermore, to examine the position of Islamic banks with respect to that of the UK, hypothesis was tested using T-test. In the hypothesis testing, performance of Islamic banks was better that that of conventional banks was considered as the null hypothesis (Alexander, 2001). Sampling is an important part of any realistic research and there is a number of sampling methods that can be implemented in a research. However in my paper, I have implemented purposive sampling so that within a convenient sample size, appropriate research can be conducted. Purposive sampling is important from the context of this research because under this approach, the samples are selected based on certain specific characteristics that represent the population. Since the analysis was conducted based on financial data of banks, I did not conduct any primary research. Instead, the numerical figures were collected from annual reports of banks and information regarding the literature review was gathered from