Tuesday, January 21, 2020
F. Scott Fitzgeralds The Great Gatsby :: essays research papers
In his novel The Great Gatsby (1925) F. S. Fitzgerald introduces the reader to a set of characters that stand on the different levels of socioeconomic ladder and by destiny's will share each other's lives. Reading the novel one can see that Fitzgerald puts a huge emphasis on money: its presence or absence is the deciding factor in shaping the lives and personalities of the characters. The novel takes place in New York, in the early 1920s. One might notice that the financial situation with the East and West Eggs bears an uncanny resemblance to the situation with the East and West Sides in the city. The narrator himself introduces the reader to this idea: 'I lived at West Egg, the -- well, the less fashionable of the two, though this is a most superficial tag to express the bizarre and not a little sinister contrast between them'; (9). In the city families who have been wealthy for several generations occupy the sophisticated East Side; in order to buy an apartment there one must provi de good recommendations. West Side is less sophisticated and therefore less desirable for it is open to the 'new money.'; By creating this setting Fitzgerald is trying to make the reader understand that a character like Gatsby needs a certain environment to exist. Although Gatsby's persona is surrounded by different rumors, and 'contemporary legends such as the 'underground pipe-line to Canada' attached themselves to his name,'; people come to his parties. Money can buy one popularity and friends, at least temporarily. Most likely many of Gatsby's 'friends'; knew where the money came from, yet it did not seem to be a good enough reason for them to stop socializing with him. Money can also buy tolerance for breaking the law. In order for Gatsby to be able to have his lavish parties where 'in the main hall a bar with a real brass rail was set up, and stocked with gins and liquors and with cordials so long forgotten'; (44), he had to have the entire police department on the payroll. Th e 1920s were the years of Prohibition – the sale and purchase of alcohol was forbidden in the United States. Gatsby's money bought him an unspoken permission to have those parties. Gatsby acknowledges his friendly relationship with the commissioner to Nick. He says that he 'was able to do the commissioner a favor once, and he sends me a Christmas card every year. F. Scott Fitzgerald's The Great Gatsby :: essays research papers In his novel The Great Gatsby (1925) F. S. Fitzgerald introduces the reader to a set of characters that stand on the different levels of socioeconomic ladder and by destiny's will share each other's lives. Reading the novel one can see that Fitzgerald puts a huge emphasis on money: its presence or absence is the deciding factor in shaping the lives and personalities of the characters. The novel takes place in New York, in the early 1920s. One might notice that the financial situation with the East and West Eggs bears an uncanny resemblance to the situation with the East and West Sides in the city. The narrator himself introduces the reader to this idea: 'I lived at West Egg, the -- well, the less fashionable of the two, though this is a most superficial tag to express the bizarre and not a little sinister contrast between them'; (9). In the city families who have been wealthy for several generations occupy the sophisticated East Side; in order to buy an apartment there one must provi de good recommendations. West Side is less sophisticated and therefore less desirable for it is open to the 'new money.'; By creating this setting Fitzgerald is trying to make the reader understand that a character like Gatsby needs a certain environment to exist. Although Gatsby's persona is surrounded by different rumors, and 'contemporary legends such as the 'underground pipe-line to Canada' attached themselves to his name,'; people come to his parties. Money can buy one popularity and friends, at least temporarily. Most likely many of Gatsby's 'friends'; knew where the money came from, yet it did not seem to be a good enough reason for them to stop socializing with him. Money can also buy tolerance for breaking the law. In order for Gatsby to be able to have his lavish parties where 'in the main hall a bar with a real brass rail was set up, and stocked with gins and liquors and with cordials so long forgotten'; (44), he had to have the entire police department on the payroll. Th e 1920s were the years of Prohibition – the sale and purchase of alcohol was forbidden in the United States. Gatsby's money bought him an unspoken permission to have those parties. Gatsby acknowledges his friendly relationship with the commissioner to Nick. He says that he 'was able to do the commissioner a favor once, and he sends me a Christmas card every year.
Monday, January 13, 2020
Automated Qualifying Entrance Examination Essay
CHAPTER I BACKGROUND OF THE STUDY Introduction ââ¬Å"Technology can change the way students think, learn and revolutionize,â⬠says the Chief Executive Officer on Education and Technology (Courte, 2005). Technology also calls for broadening the definition of student achievement to include digital-age literacy, inventive thinking, effective communication and high productivity-skills necessary for students to thrive in the 21st century. According to the report, technology can help deliver significant results when combine with other key factors known to increase achievement, such as clear, measurable objectives; parental and community involvement; increase time spent on task; frequent feedback; and the teacherââ¬â¢s subject-matter expertise. In this age of computers, many educators see it as inevitable that students will someday learn in classrooms without walls, desks, or face-to-face contact with teachers. The gradual degeneration of the conventional examination system manifested in frequent leakage of question papers, manipulation of marks, copying and use of unfair means by all involved (administration not ruled out). This conventional examination system was also referred to as paper-and-pencil tests. This is a fixed-item test in which the student and/or examinee answer the same questions. Fixed-item test waste studentsââ¬â¢ time because they give students a large number of items that are either too easy or too difficult. As a result, the tests give little information about the particular level of ability of each student. With recent advancement in measurement theory and the increased availability of microcomputers in schools, the practice of using electronic examination system may change. Computerized tests may replace paper-and-pencil tests in some instances. These scenarios triggered the researchers to conduct and Electronic Qualifying Examination that would be beneficial to the College of Science. The system being studied would facilitate the systematic storage, updating and retrieval of pertinent examinee data as well as checking and scoring of examinee answers to test questions. It is also able to generate reports ofà ratings and statistics of the test scores. However, it does not monitor the usersââ¬â¢ actions and event to block the users. Statement of the Problem Generally, this study sought to determine the operations and performance of an Electronics Qualifying Examination System Compared with the traditional qualifying examination procedure and process. Specifically, it endeavored to answer the following questions: 1. What are the existing problems being encountered on the current conventional qualifying examination? 2. What will be the design of an electronic qualifying examination system in terms of the following: 2.1 Process; 2.2 Data; 2.3 Language; 3. What is the level of acceptability of the proposed system in the College of Science? Objective of the Study In general, this study aimed to determine the performance and operation of an Electronic Qualifying Examination System compare with the current qualifying examination procedure and process. In particular, it envisioned to: 1. Determine the existing problems being encountered on the current conventional qualifying examination; 2. Design an Electronic Qualifying Examination System in terms of the following. 2.1 Process; 2.2 Data; 2.3 Language; and, 3. Ascertain the level of acceptability of the proposed system in the College of Science. Scope and Limitation of the Study This study was conducted in the College of Science, University of Easternà Philippines. It is limited only to the performance of the specified functions such as scheduling, the actual examination and the retrieval of the examination results. It is meant to assist the users, especially the examination personnel to meet the needs of the students or applicants. If at present, the facilities and equipment of the College of Science are inadequate, this system may be used in the future. The proposed system was drawn randomly. It will not monitor the user action and even block the user. Moreover, the system will not suggest what would be the appropriate course does the examinee will take. The system does not guarantee complete benefits to all users. This may be bound to happen that some of them might experience technical difficulties that are not covered by the system such as the malfunctioning of the computer. Such scenarios are beyond the control of the system. Nevertheless, this will be more comprehensive and interesting if this will be introduced or presented covering the other services of the College. Significance of the Study The Electronics Qualifying Examination would replace the Paper-pencil-type of examination. It provides easy transaction between the test administrator and the examinee. The results of this study would be beneficial to the following: College of Science. The Proposed system would be beneficial to the College of Science in terms of improving its management system. Through the existence of the proposed system, workflow during the qualifying examination would be minimized. Human resource will be reduced and security will be foolproof. Examinees. This system will provide them a convenient way of taking the qualifying examination. The system provides an instant checking and scoring scale of each examination that would enable them to get their results in a few hours. In this way, they will be able to minimize their time, effort and money splat on each activity. College Guidance Personnel. In general, this system would greatly increase the flexibility of test management. It reduces their time in administering the examination, thus reduces their fatigue also. It also provides them convenience throughout the examination process. They will likewise be able to immediately get feedback whether the given examination is easy or difficult. Future Researchers. This study can be used as a springboard for further study. This can be used as their reference or guide in the development of a system they are going to develop. Definition of Terms For easy understanding, the following terms were defined operationally and conceptually. Conventional Examination. Operationally, it refers to the current system, which is the paper-pencil examination. Data. It is information in a form suitable for processing by a computer, such as the digital representation of text, numbers, graphic, image and sound. Strictly speaking it is mean, an item of information (Cowart, 2000). In this study, this would refer to the information extracted from the examinee, their profile, schedules and results. It represents the facts, concepts or instruction produced by the examinee and the test administrator. Database. Conceptually, it is an application used to store and manipulate data. The application may be a simple one that provides for flat files only and that cannot be programmable, or it may have the capability of producing databases that are programmable and relational (Dictionary of Information Technology, 1995). Operationally, this will be a storage device used to store important data and information in accordance to the system such as examinee profile, schedules and the results of examination. End-User. Conceptually, it refers to the person who uses the application program and computer products to produce his or her own results. This is a person at the end of a long chain of people who design and make computerà products. The end user is usually the person who buys the products (Cowart, 2000). It refers to the test administrator and examinees involved in this investigation. Electronic Examination. According to Webster dictionary, to be electronic is to incorporate your work with the use of the computer (The New Webster Pocket Computer Dictionary, 1998). In this study, it is meant to take an examination with the use of a computer system, its hardware software and peripherals. Error. A mistake. An error or bug in the system may cause the computer to crash (Dictionary of Information Technology, 1995). Examinee. Generally speaking, it points to a person taking the actual examination. Password. According to the Websterââ¬â¢s dictionary, a password is a security code that is required in the use of a computer, a particular program, or a certain file. Computer files protected by a password require the user to type the needed password before the protected files can be made available (The New Websterââ¬â¢s Pocket Computer Dictionary, 1998). Operationally speaking, this will be a secret word a user must input into the Computer in order the gain access to the electronic qualifying examination. Problems. Operationally, this refers to the existing obstacles that the Guidance Office is experiencing. The problems encountered were in scheduling, actual examination and the retrieval of results. This is the main reasons why the proponents conducted this study, in order to reduce and lessen the existing problems Procedure. Operationally and conceptually, it is sequence of steps taken by the system to carry out its job. Process. Operationally, it is to carry out an action such as the scheduling process. Profile. Operationally it refers to the personal information of the examinee such as last name, first name, age, gender, ID number, status, address and score in the test/ examination. Report. Conceptually speaking, it is a document from the computer or that is an output or a hard copy that summarizes the outcome from data processing (Cowart, 200). This would be the printed report copy of schedules and results of the examinee. It isà collected data and information from the database. System. According to the book, it is everything that is needed to carry out a certain task. Just like a computer system, it includes the hardware, software and the manuals (Cowart, 2000). Operationally, it refers to the Electronic Qualifying Examination. This will enable the College of Science to replace the current conventional system of Qualifying Examination. It involves three major processes that includes the scheduling, the actual examination and the retrieval of data. Test Administrator/Examiner. Operationally, it refers to the person or persons involved in giving an examination. They are the oneââ¬â¢s responsible in operating the examination.
Sunday, January 5, 2020
The Fascination Of Murder, By Scott Bonn Essay - 1561 Words
For centuries, murder cases have captivated the lives of individuals. From news station broadcastings to the media creating films and documentaries, homicide cases have gained the interest and popularity of many individuals. This begs the question as to what lies in the fascination of murder? The basis of this can be found in the psychological state of individuals including, the experience of thrill, curiosity, the need for answers, and fear. When an individual becomes fascinated with murder, they may be drawn in by a certain rush or thrilling experience. This experience is similar to that of a ââ¬Å"whodunitâ⬠, a novel, play, or movie in which the murderer is not revealed until the very end (Merriam-Webster, n.d.). In both circumstances, individuals are captivated by tension and uncertainty. Along with this, Scott Bonn, a criminology professor at Drew University, states that ââ¬Å"The euphoric effect of true crime on human emotions is similar to that of roller coastersâ⬠¦ and allows individuals to experience fear and horror in a controlled environmentâ⬠(Bonn, 2016). A prime example of this includes the infamous murders committed by Jack the Ripper. In 1888, five women were brutally murdered by a man who went by the name of ââ¬ËJack the Ripperââ¬â¢. During the time of these killings, serial murder became a new phenomenon that was highly publicized (Top 10 Unsolved Crimes, n.d.). Additionally, Professor Bonnââ¬â¢s theory on the science behind humans interest for murder states, ââ¬Å"TheShow MoreRelatedThe Fascination Of Murder, By Scott Bonn Essay1549 Words à |à 7 PagesFascinated with Murder For centuries, murder cases have captivated the lives of individuals. From news station broadcastings to the media creating films and documentaries, homicide cases have gained the interest and popularity of many. This begs the question as to what lies in the fascination of murder? The basis of this can be found in the psychological state of individuals including the experience of thrill, curiosity, the need for answers, and fear. When one becomes fascinated with murder, they may
Friday, December 27, 2019
Leaders Of The 19th And 20th Century Essay - 1316 Words
A series of historical events has transformed America into a land that grants its citizens more opportunities and allows them to express themselves more freely. John Quincy Adams once said,â⬠If your actions inspire others to dream more, learn more, do more, and become more, you are a leader.â⬠Society will forever be grateful to the many pioneers who courageously embraced major leadership roles and enhanced the quality of life for others. Leaders of the 19th and 20th century appeared to be more aggressive and consistent in their pursuit to implement change. Being an advocate for injustice and ensuring the passing of laws were not sought after to redeem bragging rights; the point was to make life better. Leadership today has taken on a new definition and appearance due to the advancement of technology and lack of knowledge about how far we have come as a newly improved generation. The decisions that one makes rightful intertwine with their leadership style, which rest upon the lessons taught by their mentor and personal experiences. Some of the worldââ¬â¢s most influential leaders such as Abraham Lincoln, Martin Luther King Jr., and Winston Churchill will always be distinct leaders who people can model themselves after because of their leadership rituals and strategic tactics. In order to develop more influential leaders, people must educate themselves on past policy makers and how they implemented change. Abraham Lincoln, one of the most discussed Presidents, has earned a lotShow MoreRelatedThe 19th And 20th Century Imperialism1297 Words à |à 6 PagesThe 19th and 20th century imperialism was substantially about the exploitation of the empires colonies and thus was not a necessarily an ââ¬Ëcivilizing missionââ¬â¢. During the 19th and 20th century European powers tried to justify their actions, by claiming that they were trying to re-educate the native population through education, this included Christian missionaries which were placed throughout Asia, Africa and Latin America. However, it became apparent that these powers gained significant wealth byRead MoreReflection On The American Culture1384 Words à |à 6 Pagesthat these books use in providing information about the evolution of the US culture. The paper examines the relationship between these three sources and ways they challenge or inform an understanding of the American society during the late 19th and early 20th cen tury. There is an analysis of the efficiency of the issues tackled by these books in influencing the contemporary discourse surrounding American culture. The major argument of this paper is that Crabgrass Frontier, Manifest Destination and MuscularRead MoreBlack Americans And The Civil War Essay961 Words à |à 4 Pageshumiliation of Jim Crow, the terror of the Ku Klux Klan and other like-minded organizations, and the weight of oppressive legislation. These challenges resided in the consciousness of Black Americans at the turn of the 19th century, and carried on into the 20th century. The 20th century is referred to as the Age of Quest. Black Americans were questing for agency, the ability to actualize oneself in the world, while struggling with numerous crises. The four locations of crisis for Black Americans wereRead More19th and 20th Century of Europe932 Words à |à 4 PagesEurope in the 19th and 20th centuries Introduction During the 19th and 20th century, Europe witnessed its so-called demographic transition, with a fall in birth rates and an even greater fall in mortality rates, which led to a rapid increase in the population. The demographic transition was essentially a result of a decrease in chronic infectious diseases like tuberculosis, syphilis, diphtheria, measles, dysentery, and typhoid fever. The wage dispersion evidence suggests that the middle ofRead MoreThe Rise Of The 19th Century1441 Words à |à 6 PagesThe 19th century contributed to Europeââ¬â¢s history in the form of ideologies. In contrast to the 20th century, there were no wars or acts of violence used to support these ideologies; instead the forces of capitalism drove the history of the 19th century. By this notion, the last time Europe had experienced extreme forms of violence was during the French Revolution, therefore the decades before the 20th century were relatively peaceful. 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Thursday, December 19, 2019
Online Video Game Is A Game Of Probability For Money Essay
The denotative meaning of gambling as defined by the online dictionary ââ¬Å"is the activity or practice of playing a game of chance for money or other stakesâ⬠(Dictionary.com). Online video game is ââ¬Å"a video game which is or can be played over a computer network (now usually the Internet); (later) especially one enabling two or more players to participate simultaneously from different locationsâ⬠(oxforddictionaries.com). It is imperative to indicate that gambling is an online video game in this regard. Therefore, the connotative meaning of online video gambling in relevance to the above definitions is the perpetual playing of a game of probability for money over the internet with other players participating in the game simultaneously from different location around the world. For one to become a player of the game; an investment usually in the form of money has to be made, and this is where the effects of playing this game come into play-both positive and adverse. Online gambling has not affected the players, but it has also over the affected and changed the traditional casino as to be discussed in the later part of this paper. It is important to divulge that one needs to have a good sense of discipline and functional approach as well as excising optimum mental and financial control in order to harness the positive effects of online gambling video games. These sentiments are supported by the the casinogoto website by stating that ââ¬Å"Everything has its positive and negativeShow MoreRelatedLevel Up, Relationship Down1402 Words à |à 6 PagesLevel Up, Relationship Down Imagine having a door shut in your face. That is how it feels when someone ignores you as that person is playing video game. You are on your way home after a long and difficult day at work. The traffic slows you down and adds up the stress to your already-worn-out body. 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Programmatic Programmatic ad acquiring had taken heart stage atRead MoreCompany s History : Nintendo2306 Words à |à 10 PagesHistory: Nintendo first started in 1889 under the leadership of Fusajiro Yamauchi, who named the company at first ââ¬Å"Nintendo Koppaiâ⬠(Jones, 2013). He started his company by selling Hanafuda Cards; these are simple cards that are used to play multiple games ââ¬â much like the more common standardized 52 playing card sets (Jones, 2013). The name Nintendo originally is a Japanese metaphor and basically means ââ¬Å"leave luck to heavenâ⬠(How Nintendo, Lego, Adidas and 17 other Major Companies Got Their Names, 2013)
Wednesday, December 11, 2019
Financial Markets Qantas Airways Limited
Question: Discuss about the Financial Markets for Qantas Airways Limited. Answer: Introduction Qantas Airways Limited is the flag carrier Airways commenced its operations since March 1921. The airline has its headquartered in Mascot, New South Wales, Australia. The airline is located in the suburb of Sydney in Mascot and with the main hub at Sydney Airport. Qantas is aiming in providing the services of 22 specialized cargos which is handling terminal of over 15 major gateways port which will be accessed across Australia, with terminal which is dedicated in the Los Angeles. Qantas freights are having 13 aircraft of the supplements of destination with export and import in and around Australia. Qantas Freight has number of carrier on the logistic specialization. Qantas has many carriers with specialization in logistics all around the world. Qantas is specialized in carrying Express Freighters Australia (EFA), JETS Transport Express and Qantas Courier New Zealand. Qantas has many subsidiaries which are Qantas Link, Jet Star Airways, Jet Connect, Network Aviation, Qantas Freight, A ustralia Air Express, Qantas Holidays and various others. The subsidiaries aim at providing services in Australia and New Zealand which will be flying under the Qantas and also owing to Jet Star Airways and an airline which are cheap and operating from the services internationally under the domestic services between New Zealand and Australia. Qantas is frequently flying services aiming in rewarding the loyalty of the customer. It is getting the points based on the distance flown with bonus varying by the class of travel. Qantas is also providing facilities of Qantas club and lounges for its employees and passengers (Qantas.com.2016). Virgin Australia Holding Limited is public listed Australian airline company who owes and operates Virgin Australia and Tigerair Australia. The company was previously operating on the airlines of the Pacific Blue Airlines which was in a joint venture with Polynesian Airlines (Virgin. 2016). It has its headquarters in Bowen Hills, Brisbane, Australia. In was founded in the year 2000. Some of the subsidiaries of Virgin are Tigerair Australia, Virgin Australia, Virgin Australian Airlines, Virgin Samoa and some more. Chairman of this airline is Elizabeth Bryan and Chief Executive Officer is John Borghetti. Virgin Blue Holdings was formed as a wholly owned subsidiary in the year 2000 of Virgin Group. In the year 2003, Virgin Blue Holdings Limited entered into the ASX because Virgin Group was going to sell, some its holdings. In 2005, Virgin launched a takeover of the hostile in the Australia with 62% holding in the company. In the year 2008, the company announced for the distribution of 9 8.3% of the share to the shareholders of the company and by not remaining in the majority of the holding. During the phase of toll holding, 62.7% of the holdings were attempted for selling the shares for the no availing content was left over. In the year 2012, Etihad Airways had purchased 10% shareholdings to 20% then further on the same year there was next purchase of 10% of the Virgine Holdings by Singapore Airlines. Further on October 2012, Tiger Airways Australia 60% of the holdings was purchased by the Virgin Group. In January 2011, 15% of the Virgin Blue Holdings was purchased by Air New Zealand then by the June 2013 the holdings was increased by 23%. Top down Analysis Top down analysis is process which looks for a big picture of with details of components of smaller. Top down approach is very necessary for breaking down system for achieving profit in the organization (Bierman Jr and Smidt 2012). Top down approach is also called stepwise design and in some of the cases is of the decomposition. The analysis will be conducted on the trend of the of the macro environment of the economic. Top down analysis is the investment approach, which is including a large picture of the market. Top down analysis is determined with the help of Total market estimation. Top-down analysis is done by the fundamental analysis, based on Economic Analysis, Industry Analysis and Company analysis (Vyatkina et al., 2016). For conducting economic analysis comparison will be done with Interest rate structure and GDP growth which will be affecting the above two Airlines. Industry analysis will be conducted through Demand-supply structure and exchange rate effect. Company analysis will be conducted through analysis of dividend and returns (Fornelli et al., 2013). Let us consider the economic analysis first, in respect of economic analysis, an interest rate of the Qantas borrowings has been increased from 5.7% to 6.3%. Whereas, Virgin Holdings Limited has much lower interest rates of borrowings which is 2.8% in 2014 and 3.99% in 2015 (Tvardovskiy et al., 2015). Though the interest rate has increased individually but if the comparison is made then Virgin is getting advantage of due to difference in the interest rate (Guerrero et al., 2015). Similarly, if GDP factor is looked into it is observed that Qantas is providing employment opportunity to 28,622 employees has been working until the year 2015, whereas Virgin is providing 50,000 employment opportunities to the people of Australia. From the above analysis is proved that Virgin is in the front line of economic analysis as compared to Qantas (Lee et al., 2016). Further, moving on with Industry Analysis, the analysis will be made of demand-supply and exchange rate effect of Qantas and Virgin Airlines Holdings (Mao et al., 2013). During the world II, some of the supply of Qantas was dropped in the level of the treetop. After the postwar expansion, it gradually increased there was an increase in the supply of the company which can be seen by observing the increasing trend of sales per year (Piotroski and So 2012). Similarly, if Virgin is looked into the trend is same as to Qantas there is an increase in the supply of the airline's services. Next analysis is the effect of an exchange rate. Qantas had total gains of due in hedging of unrealized gains on long term debt as $ 12 million in 2015 and $ 54 million in 2014. Whereas, Virgin had suffered from loss of fuel which arises due to hedging of activities which was $129.4 million in the year 2015 and on which $ 106.7 million was the unrealized amount because of hedging. This proves that Qantas h as been the front line in the factor of exchange rate mechanism (Bartram and Grinblatt 2015). Finally moving on with the company analysis the factor of dividend and return has to be looked into in the above two airline (Goodman et al., 2013). Qantas has not paid final dividend and neither interim, instead of that there was declaration of and payment of non-controlling interest to the shareholders, who non-wholly owned the controlled entities $ 4 million in 2015 and $ 1 million on 2014. Virgin too had similar case in respect of dividend; there was not any existence of final dividend and neither the interim (Geis-Asteggiante et al., 2015). Instead, there was distribution of equity which was $ 17.8 million in the form of payment to the non-controlling interest holder during the year. Further moving on with the return on investment factor it is seen that Qantas achieved a return of 16.2% in 2015 and 1.5% in 2014. Whereas Virgin is taken into consideration, there has been decreasing in the percentage of return from 30% to 10%. In this context, Qantas has been the ruler in giving h ighest return to its shareholder (Breyer et al., 2013). Bottom up Analysis Bottom up analysis is determined on the calculation of the estimation of the sales which are potential in the market. Bottom down analysis is broad sector in the economic environment and is based on the factor affecting the company stock on the basis of business cycle of the business. It does not look into macro environment of the company. Bottom down analysis is the basically quantitative analysis. Bottom down analysis is done only to analyze the financial position in terms of figures (Bierman Jr and Smidt 2012). Bottom up analysis is done on the basis few accounting ratios and some of the budgeting factor. Accounting ratio includes computation of Current ratio, Quick ratio, Net Profit Margin Ratio and Return of Asset Ratio (Parker and Vannest 2012). Whereas, Capital budgeting techniques includes Net Present Value, Profitability Index, Annual Percentage Rate and Pay Back Period. All the above computations have been done by data present in the annual report of the respective companies (Hu et al., 2012). First, let us look into the Accounting Ratios which are given as follows: Current Ratio Qantas has current ratio 0.66 in 2014 and 0.68 in 2015, whereas, Virgin has 0.64 in 2014 and 0.69 in 2015. Current Ratio is calculated by total current assets divided by total current liabilities. Current ratio depicts cash available to the company for paying the long-term debt in liability. Current ratio interprets the liquidity position of the firm. Virgin has comparatively better position than Qantas in respect of paying long term debt in the category of current liability. But Qantas position in the year 2014 was comparatively better than that of Virgin because in the year 2014. Qantas ability for paying the long-term debts in respect of current liabilities was much high. On the present analysis, it will be said that Virgin is the better player in respect of paying the debts (Uechi et al., 2015). Quick Ratio - Qantas has quick ratio 0.56 in 2014 and 0.52 in 2015, whereas, Virgin has 0.57 in 2014 and 0.58 in 2015. Quick ratio is calculated by current asset divided by current liabilities by excluding the inventories form the current asset. Quick ratio depicts the position of the company in terms of cash available to be converted into cash. Virgin has comparatively better position than Qantas in respect of available cash for the transformation of Asset. But if the overall scenario, it has been observed that Qantas position has tremendously decreased that too with large difference. Qantas do not have sufficient amount of cash available as compared to Virgin for transforming into assets (Hrl et al., 2013). Net Profit Margin ratio - Qantas has Net Profit Margin Ratio -0.19 in 2014 and 0.04 in 2015, whereas, Virgin has -0.09 in 2014 and -0.06 in 2015. Net Profit Margin ratio is calculated by Net income/ loss divided by the net credit sales. In this context, Qantas has become the ruler regarding generating profit and effectively making use of resources available in the company. Virgin has been continuously facing loss for long span of time. On the prior year, Qantas has faced loss but proceeding further with the operations it has recovered from the situation of facing loss. But if a close look is given to the ratio, Virgin loss for the current year have decreased, which shows an indication of gradually improving the situation (Drivelos and Georgiou 2012). Return on Asset - Qantas has Return on Asset -0.15 in 2014 and 0.03 in 2015, whereas, Virgin has -0.09 in 2014 and -0.02 in 2015. Return on asset is calculated by Net income or loss divided by average of the total asset. In this context, Qantas has become the ruler regarding managing the assets for the producing the profit. Qantas has tremendously increased it return on assets from -0.15 to 0.03, Whereas; Virgin is still in the negative place. Virgin should not be ignored totally in these respects slowly and gradually it is moving decreasing the negative return. Qantas is effectively utilizing the assets for generating profit for the company (Bierman and Smidt 2012). Now moving on with some of the techniques of capital budgeting, the analyses for those are as follows: Net Present Value NPV is calculated as difference between present value of cash inflows and outflows. NPV of Qantas is 9,70,64,239 $ and Virgin is 2,47,72,244 $. It implies that there will be acceptability of Qantas because it has highest NPV. NPV shows acceptability of the project regarding measuring the present value of cash inflow and outflow. It is also helpful in analyzing the profitability of the projected investment. In the above point, Qantas is the ruler (Hayward et al., 2016). Annual Percentage Rate Qantas has a negative balance of finance cost in both the year. So there will be no APR in the case of Qantas because it has no borrowings. Whereas, Virgin has very high APR which shows that Virgin is very much liable for paying its return regarding loan taken by the company (Grob 2013). Profitability Index Profitability index is a somewhat modification of the NPV; it implies to be accepted if the PI calculated is greater than one and terms to be rejected if it is less than one or zero. Form the calculation done it has been observed that PI of Virgin is comparatively much higher than of Qantas in both the years. So in the respect acceptance, Virgin is accepted for doing the investment (Andor et al., 2015). Pay Back Period - Pay Back Period implies that the time taken to recover the cost of the investment done on the project. In this Virgin stands to be ruler for the recovery of the cost, for the investment done. Virgins Pay Back Period is the highest as compared to the Qantas (Saxena 2015). Recommendation Overall analysis of the report is seen that Virgin has comparatively better position in respect of providing liquidity, the acceptability of the project on return, payback period and profitability index. Qantas has proven to be the winner in doing the comparison related to performance of the company. Through the Top down Analysis it has been observed Qantas is in the better position for doing the further improvement in the company position. Further, it is also recommended that company Qantas should fulfill the requirement of payment of dividend to its investor because it is one of the important factors which is expected by the investors. If Virgin recovers the loss of the company, then it can be become the ruler of the market. Further, it is recommended that Virgin should make proper use of its assets regarding generating profit. From the bottom analysis, it has been observed that Virgin needs to increase its return on the equity otherwise, the investors with withdrawing their inves tment for the company. The financial position of the two companies depicts that Virgin is continuously facing the loss in the respect of Net income or loss achieved by the company, whereas Qantas has comparatively better position in the in terms of generating the profit for the company. So in this respect Virgin should find way to improve the position of the company by incurring income for the company. In terms of depicting the assets of the company Virgin is in the front line for getting advantage, whereas Qantas shows position, which is comparatively low show it needs to improve the position further. Highest return is the only thing which an investor looks. Further it is suggested that Virgin should increase it amount of assets so that it can fully utilize its asset for the generation of the profit. The overall top down analysis and bottom up analysis has been fully completed to its requirement. Reference list Andor, G., Mohanty, S.K. and Toth, T., 2015. Capital budgeting practices: a survey of Central and Eastern European firms.Emerging Markets Review,23, pp.148-172. Bartram, S.M. and Grinblatt, M., 2015. Fundamental Analysis Works.Available at SSRN 2479817. Bierman Jr, H. and Smidt, S., 2012.The capital budgeting decision: economic analysis of investment projects. Routledge. Breyer, C., Birkner, C., Meiss, J., Goldschmidt, J.C. and Riede, M. 2013, "A top-down analysis: Determining photovoltaics RD investments from patent analysis and RD headcount",Energy Policy,vol. 62, pp. 1570-1580. capital budgeting2016, , 6th edn, Oxford University Press. Capital budgeting 2016 Drivelos, S.A. and Georgiou, C.A., 2012. Multi-element and multi-isotope-ratio analysis to determine the geographical origin of foods in the European Union.TrAC Trends in Analytical Chemistry,40, pp.38-51. Fornelli, L., Parra, J., Hartmer, R., Stoermer, C., Lubeck, M. and Tsybin, Y.O., 2013. Top-down analysis of 3080 kDa proteins by electron transfer dissociation time-of-flight mass spectrometry.Analytical and bioanalytical chemistry,405(26), pp.8505-8514. Geis-Asteggiante, L., Dhabaria, A., Edwards, N., Ostrand-Rosenberg, S. and Fenselau, C. 2015, "Topdown analysis of low mass proteins in exosomes shed by murine myeloid-derived suppressor cells",International Journal of Mass Spectrometry,vol. 378, pp. 264-269. Goodman, T.H., Neamtiu, M. and Zhang, F., 2013. Fundamental analysis and option returns.Available at SSRN 1974753. Grob, H.L., 2013.Capital budgeting with financial plans: an introduction. Springer-Verlag. Guerrero, A., Lerno, L., Barile, D. and Lebrilla, C.B., 2015. Top-down analysis of highly post-translationally modified peptides by fourier transform ion cyclotron resonance mass spectrometry.Journal of The American Society for Mass Spectrometry,26(3), pp.453-459. Hayward, M., Caldwell, A., Steen, J., Gow, D. and Liesch, P., 2016. Entrepreneurs' Capital Budgeting Orientations and Innovation Outputs: Evidence From Australian Biotechnology Firms.Long Range Planning. Hrl, M., Schnidder, J., Sauer, U. and Zamboni, N., 2013. Nonà stationary 13Cà metabolic flux ratio analysis.Biotechnology and bioengineering,110(12), pp.3164-3176. Hu, Z., Liu, Y., Gao, S., Liu, W., Zhang, W., Tong, X., Lin, L., Zong, K., Li, M., Chen, H. and Zhou, L., 2012. Improved in situ Hf isotope ratio analysis of zircon using newly designed X skimmer cone and jet sample cone in combination with the addition of nitrogen by laser ablation multiple collector ICP-MS.Journal of Analytical Atomic Spectrometry,27(9), pp.1391-1399. Lee, A.E., Geisà Asteggiante, L., Dixon, E.K., Miller, M., Wang, Y., Fushman, D. and Fenselau, C., 2016. Preparing to read the ubiquitin code: topà down analysis of unanchored ubiquitin tetramers.Journal of Mass Spectrometry,51(8), pp.629-637. Mao, Y., Valeja, S.G., Rouse, J.C., Hendrickson, C.L. and Marshall, A.G., 2013. Top-down structural analysis of an intact monoclonal antibody by electron capture dissociation-Fourier transform ion cyclotron resonance-mass spectrometry.Analytical chemistry,85(9), pp.4239-4246. Parker, R.I. and Vannest, K.J., 2012. Bottom-up analysis of single-case research designs.Journal of Behavioral Education,21(3), pp.254-265. Piotroski, J.D. and So, E.C., 2012. Identifying expectation errors in value/glamour strategies: A fundamental analysis approach.Review of Financial Studies, p.hhs061. Qantas.com. (2016).Flights to Australia | Australia travel | Qantas. [online] Available at: https://www.qantas.com/travel/airlines/home/in/en [Accessed 10 Sep. 2016]. Saxena, A.K. 2015, "Capital budgeting principles: bridging theory and practice",Academy of Accounting and Financial Studies Journal,vol. 19, no. 3, pp. 283. Tvardovskiy, A., Wrzesinski, K., Sidoli, S., Fey, S.J., Rogowska-Wrzesinska, A. and Jensen, O.N., 2015. Top-down and middle-down protein analysis reveals that intact and clipped human histones differ in post-translational modification patterns.Molecular Cellular Proteomics,14(12), pp.3142-3153. Uechi, L., Akutsu, T., Stanley, H.E., Marcus, A.J. and Kenett, D.Y., 2015. Sector dominance ratio analysis of financial markets.Physica A: Statistical Mechanics and its Applications,421, pp.488-509. Virgin. (2016).Virgin. [online] Available at: https://www.virgin.com/ [Accessed 10 Sep. 2016]. Vyatkina, K., Wu, S., Dekker, L.J., VanDuijn, M.M., Liu, X., Toli, N., Luider, T.M., Paa-Toli, L. and Pevzner, P.A., 2016. Top-down analysis of protein samples by de novo sequencing techniques.Bioinformatics, p.btw307.
Wednesday, December 4, 2019
Volkswagen Company Analysis Essays - Transport, Volkswagen Group
Volkswagen Company Analysis Executive Summary Company description goals The Volkswagen Group with its headquarters in Wolfsburg is one of the world?s leading automobile manufacturers and the largest carmaker in Europe. in Western Europe, the largest car market in the world, just over one in five new cars (20.3 percent) comes from the Volkswagen Group. Group sales rose in 2008 to 113.8 billion euros (2007: 108.9 billion). Profit after tax in the 2008 financial year amounted to 4.69 billion euros (2007: 4.12 billion). The Group operates 60 production plants in fifteen European countries and a further six countries in the Americas, Asia and Africa. Around the world, nearly 370,000 employees produce more than 26,600 vehicles or are involved in vehicle-related services each working day. The Volkswagen Group sells its vehicles in more than 150 countries. Company goals It is the goal of the Group to offer attractive, safe and environmentally sound vehicles which are competitive on an increasingly tough market and which set world standards in their respective classes. Another goal of Volkswagen is to double their sales by advancing their brand image by making the services more reliable to our customers. Winfried Vahland, the Wolfsburg, Germany-based company president, stated: ?We plan to add or renew at least four models per year and double the number of dealership to achieve our sales target?. Unique features of the business ?The people want safety standards to be standard?. This motto shows the ability of VW to gain consumer loyalty. High safety standards, attractive look, and pro-environmental features are fundamental keys of the company?s market success. Some unique features of VW are: 1.Electronic Stabilization Program (ESP) 2.Tire Pressure Monitoring System 3.Nappa leather seating surfaces with Vavona wood interior trim 4.Halogen reflector lens fog lights 5.Climatronic dual zone and auto-climate control 6.Exterior side mirrors with memory 7.6-speed automatic 8.Recyclable materials 9. Most fuel efficient cars Why we chose this corporation Volkswagen is the giant of the car industry. It is the most successful corporation in this industry. We, as a group, found this corporation very exciting to explore because of their economic status and their power in this industry. We found it challenging how the corporation operates in terms of their market strategies and relationships with consumers. Most important issue facing the corporation The most important issue facing the corporation today is producing cars that are more environmental. This gives us room for understanding the corporation?s purpose to build cars that release fewer emissions and are more economical in a sense of spending less fuel. Business Mission & Vision Mission Corporation?s mission is to provide services that differentiate our brand from other brands by producing automobiles that are qualitative, safer, more efficient and environmental. As we know, the world is facing its worst obstacle which is pollution. Corporation?s future plan towards environment protection is to reduce the exhaust emission of nitrous oxide and soot particles, and make cars independent of fossil fuels. Vision Corporation?s vision is to use different techniques to make it reliable for customers to evaluate our product line; furthermore, starting with perception quality, then perception of satisfaction, emotional attachment, overall experience, and willingness to be advocate of the brand. These techniques get us closer to our customers. By knowing their needs, we as a corporation make a product line able for them to fulfill their desires. The vision of our corporation is sustainable above those criteria?s of the new ownership experiences. Principles & Values With the signing of Johannesburg sustainability summit, Volkswagen joined the Global Compact. By this summit the corporations renewed the principles, which are: ?Principle 1: Business should support and respect the protection of internationally proclaimed human rights ?Principle 2: Business must ensure their own corporations are not complicit in human right abuses ?Principle 3: Business should uphold the freedom of association and the effective recognition of the right to collective bargaining ?Principle 4: Business should support the elimination of all forms of forced and compulsory labor ?Principle 5: Business should support the effective abolition of child labor ?Principle 6: Business should support the elimination of discrimination in respect of employment and occupation ?Principle 7: Business should support a precautionary approach to environmental challenges ?Principle 8: Business should undertake initiatives to promote greater environmental responsibility ?Principle 9: Business should encourage the development and diffusion of environmental friendly technologies ?Principle 10: Business should work against corruption in all its forms, including extortion and bribery Values of
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