Alice and Wonderland 2010 - 2082 Words

Title Alice and Wonderland 20120 Screen Writer Linda Woolverton Director Tim burton March 5, 2010 The Scene Scene Design Throughout the whole movie the scenes keep changing going from a reality to something what seems like a dream. The scenes are over the top and amazing and fit the film 100 percent of the time. Lighting Design Alice is transitioning from the dark forest to the bright but destroyed looking tea party as the two settings are a mix of contrast. At the same time the characters are contrasted to their surroundings as they are much brighter than their environment. The clashing of light and dark colors show that the creatures of Wonderland are at war. Sound Design The sound not only help move the†¦show more content†¦The Red Queen- She rules with and anger like no other always wanting to behead people at the slightest thing. She stole the crown and the throne from her sister the white queen. The Red Queen is also meant to stop the prophecy from becoming true and to stop Alice from defeating the her killer beast. The beast that gives her the rule over Wonderland. Minor Characters Absolem- He is the character in wonderland that people go to for answers. He is the keeper of the scroll and knows all of Wonderlands history. The White Rabbit- His job was to make sure Alice made it to Wonderland and to keep her on her path through the movie. The White Queen- Her role in this movies is to help Alice gain her confidence and turn her into the warrior she needs to be. The Actors Mia Wasikowska played Alice who is a movie actor that was the perfect person to play the role of Alice. Johnny Depp played The Mad Hatter who is a theatrical movie actor and did an amazing job in the roll. Anne Hathaway played the White Queen who is a Movie actress who I love her, she makes whatever roll she plays magnificent. Helena Bonham Carter plays the Red Queen. She is a movie actress and did perfect in this role and didn’t go overboard. Matt Lucas played both TweedleDee and TweedleDum he is a great movie actor but I would have liked to see a little more from him in this movie. Michael Sheen plated the White Rabbit who is aShow MoreRelatedAlice s Wonderland : Carbon Copy1186 Words   |  5 PagesAlice in Wonderland Masterpiece: Carbon Copy Can a perfect Alice movie be made by only mixing and matching aspects of more than one movie? If so, how would it be accomplished? 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Reflection On The World Religions Course - 861 Words

Mohamed .M. Shere World religions REFLECTION ON THE WORLD RELIGIONS COURSE. In the World religions class PHIL 1760, I have come to gain a lot of experience and learnt very helpful things in my life related to religion in particularly. I have come to learn that Religion is a way of life that one chooses to find his/her tranquility. For example Buddhists meditate as a means to find enlightment and they find such in only their religion and that’s the reason they have faith and hope in their religion. The purpose of this paper is to reflect on what I have come to learn about religion and, I will focus on three main point that are; how the ideas that I have about religion now are different from what I had at the beginning of the class, what I have learned about this class that is similar to what I have learned in another class and how I could assimilate what I have learned in this class with my life in general. 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Working Capital Analysis Free Essays

string(107) " can brings the liquidity problem in short term and solvency problem in long term due to loss on business\." CHAPTER-I INTRODUCTION 1. 1 Back ground of Study Working Capital refers to that part of the firm’s capital, which is required for financing short-term or current assets such a cash marketable securities, debtors and inventories. Funds thus, invested in current assets keep revolving fast and are constantly converted into cash and this cash flow out again in exchange for other current assets. We will write a custom essay sample on Working Capital Analysis or any similar topic only for you Order Now Working Capital is also known as revolving or circulating capital or short-term capital. Therefore, working capital management is the same of liquidity management and its relate inversely with profitability. It is significance for any industries due to the investment in Current Assets (CA) must be adequate because inadequate or excessive inadequate working capital can disturb production and can also threaten the solvency of firm, if it fails to meet its current obligation excessive investment in CA should be avoided, since it impairs firm’s profitability Secondly, need for working capital arises due to increasing level of business activity ; it is to provided quickly some time surplus fund may arises which should be invested in Short term securities , they should not be kept idle. The importance of Working capital management compelled to the firms to try the optimal level of investment in each element such as inventories, cash, account receivables but the firm also consider to way of financing the current assets. This means, consideration of current liabilities which include account payables, notes payable, interest payable and other shot-term debt. In addition, the firm can adopt an aggressive working capital management policy with a low level of current assets as a percentage of total assets, or it may also be used for the financing decisions of the firm in the form of high level of current liabilities as a percentage of total liabilities(Nazir and Afza,2009), and it is the opposite in conservative working capital management policy. On the other hand, it should be distinguished between three policies that related directly with the working capital efficiency. First policy is collection policy, that measured by average receivables collection period (ARCP) which is meaning the average length of time required to convert the firm receivables into cash. Second policy is inventory policy, which expressed by average conversion inventory period (ACI). It means the average length of time required to convert raw materials into finished goods and then sell these goods. Third policy of working capital efficiency is payment policy, which measured by average payment period (APP) that means the length time between the purchase of materials and the payment of cash (Weston and Brigham,1993). These policies require from company to accelerate the collections of receivables, accelerate its inventory, accelerate the payment cycle, and reduce the cost of the working capital needs. Above mentioned policies can be merged them in one general policy, is called cash conversion cycle (CCC) developed by Richards and Laughlin(1980) which focuses on the length of time between when the firm makes payments and when it receives cash inflow. To fulfill the one of the most important goal of organization to maximization of share holder’s wealth of a firm is possible only when there is sufficient return from the operations and successful sales activity is necessary for earning profit sales without convert into cash immediately. To generate the sales and revenue activities there will be the s invisible time lap between the sale of good and receipt of cash. Hence, the time taken to convert raw material into cash is known as operating cycle that includes following activities in different phase. At first phase: * Conversion of cash into raw material * Conversion of raw material into work in progress * Conversion of Work in progress into finished goods * Conversion of finished goods into Sales ( Debtors and cash) At second Phase: Cash received and at third phase is payment of credit. A low cash conversion cycle allows the managers to minimize holdings of relative unproductive assets such as cash and marketable securities, preserves the firm’s debt capacity since less short-term borrowing is required to provide liquidity and corresponds to a higher present value of net cash flows from firms assets Moreover, the cash conversion cycle is an important technique of analysis for the financial mangers of firm to assess why and when the firm needs more cash to sustain its activities. I am going to comparative study of Surya Nepal Private Limited (SNPL) is an Indo-Nepal-UK joint enture, which started operations in Nepal in 1986. SNPL, a subsidiary of ITC Ltd, India, is the largest private sector enterprise in Nepal. The balance shares are held by dispersed Nepalese shareholders and British American Tobacco, UK. Surya Nepal’s businesses include manufacture and marketing of cigarettes and readymade garments in Nepal as well as exports of ready-made garments wi th a total turnover of over US $100 million. Secondly, The guiding force behind Dabur’s growth and success has been the wealth of nature and its limitless capacity to support life. And we have constantly taken care to preserve and protect this natural bounty. With this overall vision of and to eco-sustenance, expand Dabur’s resource and production base, Dabur Nepal Private Limited was set up as an independent Group company in 1992. This new company, set amidst the verdant greens and towering mountains of the Himalayan kingdom of Nepal, has established a unique bond of technology and preservation. 1. 2 Problem of Statement The management of a company’s working capital significantly influences its profitability. In the short term, companies risk being short on liquidity if the working capital level deteriorates. In the long term, too much working capital lowers the return on investment and reduces the value of the company. In contrast, a reduction of the working capital can significantly improve cash flows and free up capital from a company’s balance sheet. This capital can then be used to reduce debts, pay dividends to investors or reinvest in company growth. In the context of Nepal there is not practically implementation of working capital management technique that can brings the liquidity problem in short term and solvency problem in long term due to loss on business. You read "Working Capital Analysis" in category "Essay examples" This can be the one most important reason for the lower growth rate of manufacturing firm. I want to gain insight into this field and to identify potential areas for optimization of working capital management for the profitability on the Nepalese manufacturing firm. Performance of firm on the topic of working capital management is very essential to reach the optimum level of working capital then to enhance their profitability. But these elements can be affected by Nature of business, seasonality of operations, production policy, market condition, and political scenario. Therefore, I have done this investigation to know the answer of following question. a. What are the factors of working capital for Nepalese manufacturing firm? b. How can working capital affects the performance to enhance profitability of firms? c. How is the performance of firm to achieve the optimal working capital in order to maximize the profitability? 1. 3 Objective of the Study The main objective of the research is to measure the impact of working capital management on the profitability for Nepalese manufacturing firm. The specific objectives of the study are summarizing as following. a. To analyze the relationship between working capital management and profitability for manufacturing firm. b. To determine the relationship between size of firm and the profitability c. To Know the relationship between leverage and profitability. 1. 4 Limitation of the Study This study is intended to measure the impact of working capital management on profitability of Nepalese manufacturing firm but the study also influences from the following limitation. a. There isn’t financial sponsor for the depth study. b. Due to the time constraints it is not possible to analyze the each variable in details. c. In depth analysis and the study of financial position is not feasible because of the policy and privacy of firm. d. The information is assuming true that is taken from different source. CHAPTER-II LITERATURE REVIEW 2. 1 Literature Review According to Wilner (2000) most firms extensively use trade credit despite its apparent greater cost, and trade credit interest rates commonly exceed 18 percent and Deloof (2003) also found that according to National Bank statistics during 1997, Belgian companies had accounts payable of only 13% of the total asset and accounts receivable and Inventory of 17% and 10% of the total asset respectively. Singh and Pandey (2008) discussed the impact of working capital management in the profitability of Hindalco Industries Limited. Regression results showed that current ratio, liquid ratio, receivable turnover ratio and working capital to total assets had statically significant impact on profitability. Dong and Su (2010) examined the relationship between profitability, the cash onversion cycle and its component for listed firms in Vietnam stock market for period (2006-2008). They resulted that there is strong negative relationship between cash conversion cycle and the profitability. Cote and Latham (1999, p. 261) argued that management of receivables, inventory and accounts payable have tremendous impact on cash flows, which in turn affect the profitability of firms. According to Long, Malitz and Ravid (1993) it is seen that liberal credit terms to the customers increase the sales level of the firm, though having a continuous troubleshooting with managing short term financing in the finance department. The decision lays with the firm which one to put more importance on. Scherr (1989, p. 6) claimed that companies can strengthen strong cash flow levels, improve profitability, budgeting and forecasting process, predictability and manageability of results, heighten risk if they implement the best practices in working capital. Amit, Sur and Rakshit (2005) studied the relationship between working capital and profitability in the context of Indian pharmaceutical industries and concluded that no definite relationship can be established between profitability and liquidit y. Cote and Latham (1999, p. 61) argued that management of receivables, inventory and accounts payable have tremendous impact on cash flows, which in turn affect the profitability of firms. Scherr (1989, p. 16) claimed that companies can strengthen strong cash flow levels, improve profitability, budgeting and forecasting process, predictability and manageability of results, heighten risk if they implement the best practices in working capital. Eljelly(2004) identified the relation between profitability and liquidity who was examined, as measured by current ratio and cash gap (cash conversion cycle) on a sample of joint stock firms in Saudi Arabia. The study found that the cash conversion cycle was of more importance as a measure of liquidity than the current ratio that affects profitability. The size variable was found to have significant effect on profitability at the industry level. The results were stable and had important implications for liquidity management in various Saudi firms. First, it was clear that there was a negative relationship between profitability and liquidity indicators such as current ratio and cash gap in the Saudi sample examined. Second, the study also revealed that there was great variation among industries with respect to the significant measure of liquidity. Sur Biswas and Ganguly (2001) revealed in their study of Indian aluminium producing industry, a very significant positive association between liquidity and profitability. All previous studies had reached to the same results approximately, which had proved there is the negative relationship between the working capital, debt ratio, current ratio and profitability, and the positive relationship between size of the firm with profitability. This study tries to depend on previous studies to provide new evidence on how working capital can effect on the profitability. . 2 Research Frame Work Model ROA Leverage Performance Working Capital Efficiency Profitability of the Firm Size of Firm Current Liabilities Current Assets Organization Planning Growth of business Ln of Sales Debt ratio Liquidity ratio: CR All the components such as Working Capital, Profitability and Size of the firms, Liquidity, and Leverage performance are interrelated to each other. The working capital affects the profitabil ity of the firm. Similarly size, leverage, and liquidity affect the working capital requirement and profitability of the firm. If there is low in current assets then it can’t pay the short term obligation and if firms keep in high ratio then investment opportunity will lose that decreases the value of profitability elements such as ROE and ROA. Secondly, if there is high concentration on sales by keeping low liquid assets then profit can increase and it helps to increase the growth rate of company and fulfill the objective of shareholder’s wealth maximization and ease for the competition but low liquid assets can creates the risk of liquidity. Therefore, all components of above mentioned are interrelated positively and negatively. After analyzing the financial ratio BOD, manager can formulate the policy for sustainable business as well as investors will take best decision for the investment. This study has been guided according to the above variables and discussed the variables relation after studied of two firms in detail in the below. Hence, this study will benefit for the best decision of working capital requirement to manage the profitability, leverage in long term and to growth the firm in stable rate. CHAPTER-III DATA COLLECTION AND METHODOLOGY 3. 1 Research Data Collection The data has taken from the secondary source regarding to the official site of Surya Nepal Pvt. Ltd and Dabur Nepal Pvt Ltd. Secondary data is assumed as an enough and reliable. Sample of this study has been focused on the joint venture Nepalese manufacturing firms. These two firms have chosen as a sample company due to big market in Nepal. To fulfill the objective of research, report is prepared by taking a financial data of two sample companies from 2006 to 2011. 3. 2 Definition of variable I have used of dependent and independent variables to complete the study are as below. Dependent variables include profitability measure which will be computed by the following equation: Return on Assets (ROA)=Net Operating IncomeTotal Assets Secondly, independent variables have been divided in two parts. First part includes working capital management variables. †¢ Average receivable collections period (ARCP) are used to express the credit policy. It is calculated by using following equation: Average receivable collections period (ARCP)=Account Receivables *365/Sales †¢ Average conversion inventory period (ACIP), which is expressed the inventory policy. It will be identified by following formula: Average conversion inventory period (ACIP)= Inventory *365/Cost of Sales †¢ Average payment period (APP) is used to reflect the payment policy it is measured measured by following equation: Average payment period (APP) =Accounts Payables *365/Cost of Sales †¢ Cash conversion cycle (CCC) is used to express the overall impact on working capital efficiency, and that is calculated by using following equation. Cash Conversion Cycle (CCC)=ARCP+ACIP-APP At the second phase of independent variables has been included as below. †¢ Size of the company = Natural of logarithm of sales (LNS). Current ratio (CR) = Current assets/Current Liabilities. †¢ Financial leverage ratio (FL) = Total Liabilities / Total Assets. 3. 3 Empirical Analysis This section contains the descriptive analysis by taking the help of mean, standard deviation, maximum and minimum value of all variables that is used in study. Similary, on the second phase of anal ysis here has been explained the relationship between the variables by using correlation coefficient. Moreover, regression model has been used to quantify the relation between variable and to measure the accuracy of this report. Multiple regression models have used to complete the regression analysis. All types of analysis and graphical representation will be expressed by using the MS office package 2007. For this study I have used 4 regression models to quantify the relation and model is as below. 1. ROA= a+b1ARCP+b2CR+b3FL+b4LNS (model -1) 2. ROA= a+b1ACIP+b2CR+b3FL+b4LNS (model-2) 3. ROA= a+b1APP+b2CR+b3FL+b4LNS (model-3) 4. ROA= a+b1CCC+b2CR+b3FL+b4LNS (model-3) CHAPTER-IV DATA ANALYSIS AND PRESENTATION 5. 1. Empirical Analysis and Findings 4. 1. 1Descriptive Analysis: Dabur Nepal Pvt. Ltd (Table 1) | ROA| ARCP| ACIP| APP| CCC| CR| FL| Lns|   |   |   |   |   |   |   |   | Mean| 0. 034| 35. 67| 75. 12| 42. 35| 68. 44| 2. 00| 0. 248| 21. 73| Standard Deviation| 0. 028| 19. 74| 31. 74| 35. 27| 39. 24| 0. 676| 0. 055| 0. 346| Minimum| 0. 001| 4. 13| 17. 37| 8. 33| 6. 30| 1. 52| 0. 207| 21. 39| Maximum| 0. 084| 55. 23| 111. 78| 93. 46| 120. 94| 3. 19| 0. 351| 22. 38| Count| 6| 6| 6| 6| 6| 6| 6 | 6| According to the above table, ROA on average is 34% and ROA existed between 0. 1 % to 0. 84%. The average receivables collection period has 5 days (approximately) as minimum to collect its receivables from the purchasers but it takes 55. 23 days as maximum to collect its receivable. The average days of generating its sales on account about 35. 67 days. In addition, the average conversion inventory period (ACIP) takes about 17. 37 days to sell all its inventory as minimum and takes 111. 78 days as maximum. The mean days to sell the inventories are 75. 12 days with standard deviation of 31. 74 days. About the APP, the firm has a minimum time 8. 33 days to pay its purchases on account and 93. 46 days as a maximum time. It takes an average 42. 35 days to pay its purchase with standard deviation of 35. 27. The cash conversion cycle (CCC) has 6. 30 days as a minimum time and maximum is 120. 94 days. The minimum current ratio (CR ) of the firm is 1. 52 and maximum is 3. 19 with the standard deviation of 0. 55%. The Natural Logarithm of size (LNS) shows minimum sales is 21. 39 and maximum is 22. 38 with the average of 21. 73. About the financial leverage is 20% as minimum and maximum is 35% with the standard deviation of 0. 55%. Surya Nepal PVT. LTD (Table 2) | ROA| ARCP| ACIP| APP| CCC| CR| FL| LNS| |   |   |   |   |   |   |   |   | Mean| 0. 287| 5. 11| 191. 55| 63. 45| 133. 21| 1. 72| 0. 424| 22. 82| Standard Deviation| 0. 086| 2. 90| 21. 84| 5. 88| 19. 96| 0. 678| 0. 152| 0. 339| Minimum| 0. 178| 2. 54| 170. 51| 57. 0| 110. 72| 1. 06| 0. 255| 22. 42| Maximum| 0. 389| 9. 86| 232. 04| 73. 16| 167. 62| 2. 44| 0. 594| 23. 31| Count| 6| 6| 6| 6| 6| 6| 6| 6| an average return on assets(ROA) is just 28% which is lower than Dabur Nepal Ltd. But the minimum and maximum value of ROA exists between 17 % to 38 % and less variability comparison with Dabur Nepal Ltd. The Aver age receivable collection period (ARCP) is 5. 11 days approximately and lower than Dabur. Thus, collection capacity of dabur is very strong. similarly, ACIP of Surya Nepal exist between 170. 51 days to 232. 04 days. About the average CCC of Surya Nepal is 133. 1 days which is higher than Dabur Nepal. Therefore, we can say that, cash inflow days in the Dabur Company are quicker than Surya Nepal. Moreover, an average 42% portion is existed under the total assets of the Surya firm that is higher than Dabur Company. It means, Surya Nepal takes more loans for the business. About the average size of Surya Nepal is 22. 82 that is higher than Dabur. Graph: 1 source Table 1 and 2 Let summarize the above result: a. ROA of Surya Nepal is higher that tends to the meaning of; profitability volume is good rather than Dabur Nepal Pvt. Ltd. b. Credit collection capacity is stronger of Surya Nepal Pvt. Ltd. c. Surya Nepal Ltd. takes more time to convert the goods in raw material. d. Surya Nepal pays to supplier at delay comparison with Dabur. e. CCC of Surya is higher due to higher in ACIP and APP. 4. 1. 2. Correlation Coefficient Analysis Dabur Nepal Ltd. (Table 3) | ROA| ARCP| ACIP| APP| CCC| CR| FL| Lns| ROA| 1|   |   |   |   |   |   |   | ARCP| -0. 903| 1|   |   |   |   |   |   | ACIP| -0. 666| 0. 537| 1|   |   |   |   |   | APP| -0. 074| 0. 141| 0. 705| 1|   |   |   |   | CCC| -0. 927| 0. 811| 0. 446| -0. 258| 1|   |   |   | CR| 0. 835| -0. 627| -0. 888| -0. 450| -0. 6291| 1|   |   | FL| -0. 095| 0. 285| -0. 007| -0. 152| 0. 2743| 0. 48| 1|   | Lns| 0. 144| -0. 172| 0. 348| 0. 609| -0. 352| -0. 203| -0. 572| 1| Surya Nepal Pvt. Ltd (Table 4) | ROA| ARCP| ACIP| APP| CCC| CR| FL| LNS| ROA| 1|   |   |   |   |   |   |   | ARCP| -0. 420| 1|   |   |   |   |   |   | ACIP| 0. 393| -0. 174| 1|   |   |   |   |   | APP| -0. 359| -0. 402| 0. 441| 1|   |   |   |   | CCC| -0. 263| 0. 073| 0. 939| 0. 130| 1|   |   |   | CR| -0. 892| 0. 493| -0. 443| -0. 736| -0. 196| 1|   |   | FL| -0. 869| -0. 457| 0. 541| 0. 769| 0. 299| -0. 992| 1|   | LNS| 0. 958| -0. 437| 0. 569| 0. 464| 0. 423| -0. 893| 0. 902| 1| According to the Table 3 and 4, Return on Assets (ROA) has negative relationship with ARCP. It tends to the meaning of longer the time of collection days reduces the profitability of firm. Therefore, if a firm reduces the length between sales and collection, it will increase the profitability through reinvest collections in profitable investments. Correlation results related negatively between the average conversion conversion inventories (ACIP) and ROA significantly in the case of Dabur. It means when the firm reduces the length time required converting raw material in to finished goods and then to sell those goods that lead to enhance profit. But in the case of Surya Nepal, there is positive relationship between ARCP and ROA. It means, it should take more stock for the high profit. The average Payment Period (APP) has negatively correlation with Profitability. It means, if the both firm shorten the length time between purchases goods and payment of the value of goods, it will lead to increase profitability. There are negative relationship between cash conversion cycle (CCC) and ROA. If the firms shorten its conversion cycle as much as possible without hurting its operation, it will reflect positively on profitability. Correlation coefficient of the size (LNS) firm is positive relationship with profitability that indicates if the firm increases its size of sales; it will lead to increase its profitability. Current ratio refers to liquidity of the firm which relates positively correlated with ROA in case of Dabur but negatively correlated with ROA in case of Surya Nepal. Generally, if the firm invests its liquidity very well, it will generate high return and as per situation there might be required or not for holding of stocks in long term. About the Financial leverage that is negatively correlated with profitability. It means, if the firm depends on the financial leverage as much as need, ti carry itself financial obligation such as interest payment and principal payment and then it reflects negatively on its profitability. Dabur Nepal Pvt. Ltd. (Table 5) Year| 2006| 2007| 2008| 2009| 2010| 2011| ROA| 0. 031| 0. 030| 0. 022| 0. 001| 0. 084| 0. 038| CCC| 85. 74| 86. 30| 63. 87| 120. 93| 6. 29| 47. 46| Source Table 5. Graph 2 Conclusion: According to the above finding, the increasing in the value of CCC that decreases the value of ROA. And it is proved that there is negative relationship between ROA and CCC. Surya Nepal Pvt. Ltd Graph 3. Conclusion: In the case of Surya Nepal Pvt. Ltd, there is positive relationship between ROA anc CCC. This means to increase the profit of Surya firm then they have to increase the value of working capital component. 4. 1. 3Regression Analysis: Dabur Nepal Pvt. Ltd Table 6 Independent Variables| Model-1| Model-2| Model-3| Model-4| ARCP| -0. 001|   |   |   | ACIP|   | -0. 020|   |   | APP|   |   | -0. 0003|   | CCC|   |   |   | -0. 0004| CR| 0. 020| 0. 115| 0. 045| 0. 017| FL| -0. 021| -0. 577| -0. 178| -0. 015| Lns| 0. 014| 0. 053| 0. 008| 0. 002| Adjusted R^2| 0. 780| 0. 7| 0. 517| 0. 815| F-test| 0. 010*| 0. 01*| 0. 0051*| 0. 077**| Surya Nepal Pvt. Ltd Table 7 Independent Variables| Model-1| Model-2| Model-3| Model-4| ARCP| -0. 003|   |   |   | ACIP|   | 0. 907|   |   | APP|   |   | -0. 008|   | CCC|   |   |   | 0. 953| CR| 0. 275| 0. 360| 0. 221| 0. 275| FL| -1. 188| -1. 599| -0. 055| -1. 188| Lns| 0. 24 5| 0. 224| 0. 069| 0. 245| Adjusted R^2| 0. 770| 0. 67| 0. 71| 0. 79| F-test| 0. 0876**| 0. 0035*| 0. 012*| 0. 0144*| In the above table, F-test has been done at 5%=* and 10% =**significance of level. Table 6 and 7 presents the regression result of two firms of 4 models. According to the table 6 and 7, ARCP and ROA have negatively correlated. For the both Company if there is 1% increase in the days of collection period than less than 1% will decrease on the value of profitability. Similarly, for the both firm, liquidity ratio and size of firm is positively correlated. It means, increases in the sales that will increase the profit volume. Positive value of CR and LNS but negative value of financial leverage (FL) is accepted by all models. This means, if loan amount is increased by 1% then profit will decreased by 0. 21% in case of Dabur but more than 11% in case of Surya Nepal. All the, result revealed that, to increase the profit, firm should decrease the loan amount. According to the Model 4 from table 6, there is negative relationship between ROA and cash conversion cycle. This means, to increase the profit, Dabur should reduce the CCC. It is also supported by the theory of higher the working capital leads to the lower of profitability. On the other hand, model 4 from table 7 reveals that there is positive relationship between ROA and CCC. This result is beyond the theory and if Surya Nepal wants to increase its profit then it should increase the Working capital. It may the cause of poor situation of Nepalese economy, nature of business as well as less concentration on environment management that is leading to keep higher amount of stock. According to table 6, model 1 , 2 ,3 and 4 explained the dependent variable by independent in the portion of 78% , 77% , 51%, and 81 % respectively and remaining portion is due to other element. But in the table 7, dependent variable (ROA) is explained by independent in the form of 77%, 67%, 71%, and 79% and remaining part is covered by other elements. CHAPTER-V CONCLUSION AND RECOMMENDATION 5. Conclusion and Recommendation Working capital management is the same of liquidity management and its related inversely with profitability but this theory always doesn’t work. Here, I have found the different relationship between the component of working capital and profitability by taking financial data of Dabur Nepal Ltd and Surya Nepal Pvt. Ltd manufacturing from 2006-2011. This study appears that there is a negative significance relationship between average receivables collection period (ARCP), average conversion inventory period (ACIP, only case for Dabur), average payment period (APP) and the profitability measures. It is proved also a negative relationship between the cash conversion cycle (CCC) from the data of Dabur Company but it is not the result of universal fact because it is also proved that there can be a positive relationship between CCC and Profitability. The reason behind this can be the political risk, poor economy, lack of availability of raw materials and delivery of goods and services in time due to the labor union problem, increasing in supplier power, unavailability of credit facility, poor management of current assets and lack of efficient procedure and subsidy facility from government. After this analysis, the study recommends for the firms to manage their working capital efficiently to achieve the optimal profitability. Thus, the firms can manage their working capital through reduce the length time between sell the goods and receive cash of sales, it can do that by accelerating its collections. And it also reduce the length time between convert the raw materials into finished goods to sell these goods through. On the other hand the firms should shorten the length time between purchase goods to pay their purchases. All these will lead to shorten the cash conversion cycle and then lead to achieve the optimal profitability. Moreover, we can’t say that there will be lower profit due to higher CCC because due to the environmental factors the component of working capital can be influenced and result can go beyond the planning and objective. In the context of Nepal, where the practices of working capital management is poor and as a result firms are generating lower profit. Secondly, long procedure of raw material conversion and delay of payment also reduces the profit of firm. It can be the one cause of Positive relationship between CCC and profitability in case of Surya Nepal Pvt. Ltd. Therefore, reduction of working capital is not only best solution because environment analysis is also important factor. References: Amit, K. Malik, Debashish Sur and Debdas Rakshit (2005). Working Capital and Profitability: A Study on their Relationship with Reference to Selected Companies in Indian Pharmaceutical Industry, GITAM Journal of Management. 3: 51-62. Deloof M (2003). â€Å"Does Working Capital Management Affect Profitability of Belgian Firms? J. Bus. Financ. Account. , 30(314): 573-587. Dr. S. , Ray â€Å"Evaluating the Impact of Working Capital Management Components on Corporate Profitability: Evidence from Indian Manufacturing Firms† 2012 Eljelly, A. M. (2004). Liquidity –Profitability Tradeoff: An Empirical Investigation In An Emerging Market, International Journal Commerce and Management. 14(2), 48-61. J. , Desai ; N. , A. Joshi, â€Å"Effec t of Working Capital Management on Profitability of Firms in India† March 2, 2011 ; http://papers. ssrn. com/sol3/papers. cfm? bstract_id=1774686; Lazaradiz, I and Tryfonidis, D. (2006). Relationship Between Working Capital Management And Profitability Of Listed Firms In the Athens Stock Exchange, Journal of Financial Management and Analysis. 19(1), 26-35. Mukhopadhyay, D (2004), Working Capital Management in Heavy Engineering Firms- A Case Study, myicwai. com. knowledge/fm48. Raheman, A. , ; Nasr, M. (2007). Working Capital Management And Profitability – Case Of Pakistani Firms. International Review of Business Research papers, 3(1), 279 – 300. Scherr, F. C. (1989). Modern Working Capital Management, Text and Cases. Englewood Cliffs, New Jersey: Prentice-Hall International Editions. Sur, D. , Biswas and Ganguly, P (2001). Liquidity Management in Indiaan Private Sector Enterprises: A case Study of Indian Primary Aluminium Producing Industry, Indian Journal of Accounting. June: 8-14. Shin, H, H and Soenen, L. (1998). Efficiency of working Capital Management and Corporate Profitability, Financial Practice and Education8 (2),37-45. How to cite Working Capital Analysis, Essay examples

Validity of Waterlow Scale free essay sample

Pressure ulcers are areas of localised damage to the skin and underlying tissue caused by pressure. (Stechmiller et al. , 2008) Pressure ulcers still one of the most significant health problem in our hospitals today, It affects on patients quality of life patient self-image and how long they will stay in hospital then the cost of patient treatment . Moore (2005) estimate that it costs a quarter of a million euro’s per annum to manage pressure ulcers in hospital and community settings across Ireland . which allows one to take immediate actions and prevent the ulcer if possible. To support pressure ulcer risk assessment several standardized pressure ulcer risk assessment scales have been introduced and their application in clinical practice is recommended (Stechmiller et al. , 2008). one of the most common scales used in our hospitals is the Waterlow scale, This scale was designed by Waterlow in 1985, from study in elderly and acute wards (waterlow,1985). The Waterlow Scale assigns believed to predispose patients towards developing pressure ulcers: build/weight, continence, skin type mobility, sex/age, appetite, tissue malnutrition, neurological deficit, surgery/trauma and specific medication. We will write a custom essay sample on Validity of Waterlow Scale or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The total scores achieved within each factor are summed to derive the Waterlow score, with higher scores believed to mark greater vulnerability. (Waterlow, 1985) A score of more than 10 is classified as(at risk) between 15 to 20 as (high risk) and more than 20 as (very high risk). This essay incorporates three major aspects with regards to the waterlow scale in respect to pressure ulcer. These aspects includes the high risk population ,the reliability /validity and advantages and disadvantages of waterlow pressure ulcer scale.b  which population(s) the waterlow scale is applicable to? Waterlow scale one of the famous scales to assess the pressure ulcer. the Waterlow Scale is the most widely used in health care settings (Thompson, 2005). and widely use with patients after surgery and trauma (orthopaedic and spinal surgery) also with patients have neurological deficits (DM,CVA) ,organs failure and in bad peripheral circulation. (waterlow,1985). When we use this tool with elderly we s hould know the elderly people already have bit of neurogenic deficit, weakness and continent. (cook et al. ,1999). The scale used for Patients admitted to hospital or otherwise confined to a bed, chair, or wheelchair because they are at risk from developing pressure ulcers. ( Anthony et al. ,2000). Researchers have identified advanced age (older than age80), low diastolic blood pressure (less than 60), increased body temperature, and poor current dietary intake of protein as important predictors of Pressure ulcer risk. Other risks that should be taken into account are peripheral vascular disease, prolonged surgery (particularly involving extracorporeal oxygenation), or intractable pain. Allman (1995) found we need to use the pressure ulcer scale for hip fracture patients who will stay on bed more than 4 days and with unconscious patients more than 5 days . Anthony et al (2000) found the elderly people more than 64 years old need pressure ulcer assessment but we need to be aware the elderly people complain from neurogenic deficits and loss of appetite. The patients who are on ventilator and complete bed rest especially in ICU unit they risk for skin breakdown, so they need monitoring and assessment to prevent any pressure ulcer. Watkinson (1996)reliability: Through the reading to select the reliability and validity of waterlow pressure ulcer scale , the researchers suggested the waterlow scale is unreliable as method for pressure ulcer assessment. Several studies found the variance in scores because different in knowledge level not acceptable. A risk-assessment scale must be reliable regardless of the assessor. Many studies have evaluated the reliability, where two independent raters or observers assign the same ratings/values for an attribute being measured of the Waterlow Scale. Polit and Hungler (2001) . In (Shukla et al.,2008) study the Waterlow scale was used on 15 patients in two wards. Each patient was assessed daily by two different nurses over a period of seven days. A total of 28 clinical nurses were involved and a total of 210 assessments obtained. Statistical analysis demonstrated weak or a moderate degree of inter-rater reliability. Other authors suggested the water low scale too long and time consuming. Pang and Wong (1998). Edwards (1995) examined the reliability of the Waterlow Scale he did a cross-sectional observation survey of 40 elderly patients with or without ulcers in a community setting. The results failed to display high levels of reliability and in line with other studies over predicted ulcer development. Literature suggests that there limitation to using this scale with elderly people because the continence, neurological deficit and medication affect on scale result. (Cook et al. , 1999) said the Categories where disagreement occurred the most were (skin type), (build/weight for height) and (mobility) again indicating that the score is affected by a lack of adequate definitions in these categories. Furthermore, this study highlights that the elderly population proves difficult to obtain scores at the low end of the range. This indicates a limitation of the scale that perhaps the risk thresholds are too high for elderly people Other Literatures examined the scale parts and examined if the variation between nurses affect on scale result or not? Then Literatures suggested The categories of sex, age, and minor surgery showed a high degree of consensus in scores, but the raters varied most in the categories of mobility and skin type. Also difficult to differentiate between at risk, high risk, and very high risk status (Shukla et al. , 2008). The studies have indicated the Waterlow scale not having clear description and instructions for scale items and the scale result dependent on assessor judgment. Pang and Wong (1998). Kelly (2005) found lack of reliability of the Waterlow Scale is due to different perceptions of the patient by the nurses, According to Kelly (2005) found other problem may be due to the absence of the actual patient, Furthermore, this study highlights that nurses are not using the scale for the purpose intended. The studies shows the items poor nutrition, mobility and skin type are difficult to rate and cause to errors in the total score. Furthermore, the reliability of the total score and the items has never been investigated in clinical practice. And clinical value of using this instrument is not clear and it should only be applied with caution. (Gould at al. , 2002) Validity Several Literatures examined the validity of waterlow scale. (Pancorbo-Hidalgo et al. , 2006) suggested the scale has very good pressure ulcer risk prediction capacity, offers a high-sensitivity but a low-specificity score. Other studies found the scale’s high sensitivity and low-specificity level include Pang and Wong (1998), and (Balzer et al. , 2007). The studies highlighted the scale to display high-sensitivity but low-specificity levels. Edwards (1996) believes the scale performs better as a diagnostic rather than a predictive tool. Although it contains a category for skin assessment, it will almost inevitably achieve high sensitivity. Another point suggested by Edwards (1996) is its inappropriateness in dealing with the elderly. This is because of high weighting given to age within the score. Although the Waterlow Scale has been reported to be of use in a variety of clinical specialties, some studies emphasised that the scale is not good to all groups, for example, wheelchair users (Anthony et al. , 1998). Other studies suggest some subscales its poor predictive validity. Such as the mobility, continence, neurological deficit and medication subscales have created problems, in assessing a patient due to lack of clarity and descriptions. (Cook et al. , 1999). Recent studies reviewed the three most commonly used pressure ulcer risk assessment scales. The Waterlow scale, the Braden scale and the Norton scale. The study shows The Waterlow scale is the most widely used risk assessment scale in the united king dome and Ireland, even though there is no evidence to suggest it is more effective than the other most commonly used scales. Frank et al ( 2003) found the waterlow scale may over predict risk, then that cause cost implications as expensive, preventative equipment is employed when it may not be necessary; or under predict risk so that someone assessed as not being at risk develops a pressure ulcer.

Ayn Rand essays

Ayn Rand essays Ayn Rand was a well-known novelist and philosopher who upheld individualism over collectivism and egoism over altruism. She defended the individual over all the forces that could weaken it. Ayn wrote several popular novels. Some of which included Anthem, Fountain Head, and Atlas Shrugged. She defended her thoughts about God that lead her to believe it weakened her and led her to become an atheist (Smith, 1991, pp. 30-35). Ayn founded the philosophical movement of objectivism. This was a movement that was based on the basis of her life and her works (Smith, 1991, p. 67). Ayn Rand was born Alissa Rosenbaum on February 2, 1905 in Saint Petersburg, Russia. She was the oldest of three children who all received a quality education in different private school systems. Ayn learned how to read and write at the age of six. She was always known to express her strengths in school (Yang, 2000, pp.139-152). She was a very intelligent teenager and an asset to her peers at school. After she graduated from high school, Ayn attended the University of Arizona. She believed in her own advice and studied the impractical dimensions of history. Thus being the initiation of Ayns career as a famous novelist and philosopher. Ayns first doubt about her religious beliefs was during her high school years. It all began one day at band practice. One of Ayns fellow band members became overly excited before practice had begun. Ayn was curious to find out what had happened to her. Her friend announced that day she had found God (Erickson, 1997, pp.54-57). Ayn was happy for her friend as she sat and listened to her stories of God. But now Ayn began to wonder if she really believed in God herself (Peikoff, 1988, pp. 1-8). A few weeks after the incident occurred in band, Ayn was still confused on what her religious beliefs really were. She decided to focus more attention on several different biblical phrases. She believed it wou...

Tamarisk - the Noxious Western Tree

Tamarisk - the Noxious Western Tree Saltcedar is one of several common names for an invasive non-native tree that is spreading rapidly through the intermountain region of the western United States, through the Colorado River Canyons, the Great Basin, California, and Texas. Other common names include tamarisk and salt cedar. The tamarisk is degrading the rarest of habitats in the desert southwest - the wetlands. Salt cedar invades springs, ditches, and streambanks. The tree has taken over more than 1 million acres of the precious Western riparian resource. Rapid Growth Rate Under good conditions, the opportunistic tamarisk can grow 9 to 12 feet in a single season. Under drought conditions, saltcedar survives by dropping its leaves. This ability to survive under harsh desert conditions has given the tree an edge over more desirable native species and causing a sharp decline in cottonwood populations. Regenerative Ability Mature plants can survive flooding for up to 70 days and can quickly colonize moist areas due to the constant availability of seeds. The plants ability to exploit suitable germinating conditions over a long time period gives saltcedar a considerable advantage over native riparian species. Habitat Mature tamarisk can also resprout vegetatively after fire, flood, or treatment with herbicides and can adapt to wide variations in soil condition. Saltcedar will grow at elevations up to 5,400 feet and prefers saline soils. They typically occupy sites with intermediate moisture, high water tables, and minimal erosion. Adverse Impacts The serious direct impacts of saltcedar are numerous. This invasive tree is now taking over and displacing native plants, specifically cottonwood, using its aggressive growth advantage in areas where natural native communities have been damaged by fire, flood or some other disturbance. Native plants have proven to be more valuable in retaining moisture on wetlands than tamarisk. The loss of these native species to tamarisk eventually leads to a net loss of water. A Water Hog The tamarisk has an extremely rapid evapotranspiration rate. There is a fear that this rapid loss of moisture could possibly cause serious depletion of groundwater. There is also an increased deposition of sediments in tamarisk-infested streams which causes a blockage. These sediment deposits encourage dense clumps of saltcedar growth which then promotes flooding during periods of heavy rain. Controls There are essentially 4 methods to control tamarisk - mechanical, biological, competition, and chemical. The complete success of any management program depends on the integration of all methods. Mechanical control, including hand-pulling, digging, use of weed eaters, axes, machetes, bulldozers, and fire, may not be the most efficient method for removal of saltcedar. Hand labor is not always available and is costly unless it is volunteered. When heavy equipment is used, the soil is often disturbed with consequences that may be worse than having the plant. In many situations, control with herbicides is the most efficient and effective method of control for removal of tamarisk. The chemical method allows regeneration and/or re-population of natives or re-vegetation with native species. The use of herbicides can be specific, selective and fast. Insects are being investigated as potential biological control agents for saltcedar. Two of these, a mealybug (Trabutina mannipara) and a leaf beetle (Diorhabda elongata), have preliminary approval for release. There is some concern over the possibility that, due to the environmental damage caused by tamarisk, native plant species may not be able to replace it if the biological control agents succeed in eliminating it.

English Language Skills for Academic Study Essay

English Language Skills for Academic Study - Essay Example Conversely, the possibility of all the income going to one person denoted as having a Gini coefficient of 1 (Minton, 2012).Global inequality is demonstrated through income gaps that have been witnessed between individuals, where the gap between the rich and the poor has drawn closer. Therefore, income inequality has a negative effect on economic growth. Intensive Global Inequality Apparently, income equality as an extra ordinary economic development is not based on the United States of America only. Other countries in the world such as Britain, Canada, China, India, and even Sweden have experienced an increase in the national economic share to around 1 % (Cleaver, 2013). Similarly, one of the world’s famous magazines, Forbes has argued that in the United States of America, there are around 421 billionaires, Russia has 96, China has 95 and India has 48. In addition, Santiso & Blommestein, 2007 argues that the world richest man is a Mexican who is worth approximately $ 69 Billio n, the largest building belongs to an Indian among other economic income disparities. In a general sense, the concentration of wealth has become part of a wider disparity in the in income distribution. This is arguably true because some parts and groups of people do not receive the share of resources. This leads to negative economic growth. Consequently, the income gap has continually varied in most countries in the world for the last three decades. For instance, the Gini coefficient in the United States of America has gone up to almost 30% from 1980 with coefficient ranging at 0.39. In China, the coefficient has increased by 50% reading at about 0.42. In the same way, Sweden has increased by around 25% read at 0.24 Gini coefficient (Jubis, 2013). However, in contrast to this, Latin America has been named as the world unequal continent since it has experienced a down ward trend demonstrated through the sharp decline of the Gini coefficient (Dicken, 2010). In light of such deliberati ons, it is correct to argue that the income gap leads to negative economic growth. This assertion is true because people with low income would not be in a position accomplishing all their needs. Income Inequality as the ‘Delay Factor’ to Recession Recovery It is argued that income inequality has become a barrier or a slowing factor towards the recovery of the great recession. A recent debate economic contraction has given a vivid picture on the level of income inequality in the economic development. In light of this, two liberalist economists have given their contribution toward this debate (Stevenson & Duch, 2008). According to Stigliz, the economic inequality is preventing the recovery of the global recession due to numerous reasons. To begin with, the liberal economist argues that the middle class is not capable of giving support to consumer spending, which has driven the growth of the economy for the longest period (Stevenson & Duch, 2008). For this reason, most peo ple in the United States of America cannot manage to pay education for themselves and their children. Moreover, Stigliz articulates that the enormous lack of income from the middle class has led to the lack of tax payments a situation that is associated with frequent and more severe cycles of income inequality (Jubis, 2013). It is apparent that with low income, some people would not be able to revive any economic activities within

Compare and contrast the four images below Essay

Compare and contrast the four images below - Essay Example The images depicted in each painting manifest the embodiment of masculinity at a time where it was glorified. The perfect aesthetic human qualities were the pinnacle of success. The strong link between each of this image that is made from bronze is the fact that it testaments athleticism in an era where physical strength was huge. Olympics that started in Athens gave birth to these paintings. It is evident that Olympics played a crucial role in western part of Peoloponnese. (â€Å"Heilbrunn Timeline of Art History†) For instance, the movie such as 300 depict soldiers as perfectly chiseled and powerful men. Similarly, the correlation of perfection in the sculpture is embodied in every genre. This is perfectly displayed in Figurine of an athlete making an offering. The athlete in this context is accepting the gift as a symbolism of celebration. The second element that these images manifest themselves that is Greek original in bronze by Polykleitos dates back to 430 AD. (â€Å"Heilbrunn Timeline of Art History†) The kylix image along with athlete of the diadoumenos type It again manifests the male body of perfection in which aesthetics were crucial. In this particular image, the artist clearly has been extremely creative from every angle and touch. This graphic is a great image as it depicts a typical hand brush that is utilized for cleaning purposes. The brush itself is painted in a very elegant manner with amazing finish. Every bristle is clear and gives the feeling of cleanliness to the audience. Furthermore, the bristles variation in color is a clear depiction of a unique style that the artist has embraced. This is created via bronze and stood in Olympics. Each male body part is symmetry of thorax and pelvis creates a contrast of the body itself. The proportions and the stance is for the audience to appreciate th e sense of potential movement. In art class, my main focus was to observe

Managing Employee Relations in Contemporary Organisations Essay - 2

Managing Employee Relations in Contemporary Organisations - Essay Example 201). The modern approach to employee relations is people management. The employees to the organization were employed based on their skill and as part of a team that would meet the requirements of the organization (Kessler and Purcell, 2003, p. 28). Human management as a style that is used by the ACME organization concentrates on the skills that an individual brings into the company (Legge, 2005, p.102). Prior to securing a job with the company, it is important that what the employee brings to the table is analyzed and this is part of the enrolment (Purcell, 1987, p. 29). The company has stringent policies on which employees it employs, a fact that is expressed in different settings such as when referring to family, (Legge, 1995, p. 99), i.e. potentially some members may feel offended if they cannot get their friends/family in but so be it. We will never compromise the arrangement that we will go for the best person for the job. But with 500 people there are going to be individuals, but relatively few, we wouldn't recruit again. If one of these few recommended friends/family we would look, but look very carefully. The company has also adopted a structure that is based on personal and team responsibilities within the organization, which differ from any trade union system of operation. The organisation’s policy on performance and pay states that, If somebody is not performing they get told about it. We have annual appraisal and salary is directly linked to contribution across a number of factors, so people get a message both financially and otherwise across the table from the manager at the appraisal, if not at other times of the year, which does not include any responsibilities to any party or individual outside the organisation. The system used is analytical based on the quality an individual brings to the company (Salamom, 2000, p. 291). The approach to management takes on a modern management style that gives employees roles, responsibilities as well as a supervisor to answer to in the course of their employment. The approach means that individual contributions to the company are looked into during the running of ACME. The management considers the goals set by management, in terms of economics, finances, growth, marketing and advertising among others (Williams and Adam-Smith, 2009, p. 102). Although the system makes use of preset performance requirements, the company ensures that it appreciates the efforts put in by the employees at any one given time in every position as it is stated by the company as directly linked to a number of factors contributing to outcomes in the financial and other concepts. 2. Critically discuss why they use this approach (cite evidence from both the case study and academic literature to justify this discussion). The performance of employees in the organisation is an important goal and objective driven element of analysis. The chosen employee management style in relations allows the management to keep t rack of the growth of the organisation on an overall state as well as in the personal concept. The style emphasizes the fact that individual workers are the unit by which the ACME organisation operates. By choosing the individualistic approach to employee relations, the organisation

Should Gun Ownership Be Banned?

Should Gun Ownership Be Banned? Gun is a weapon which consists of a metal tube from a projectile which is fired at high velocity into a flat projectile. There are many different types of guns such as rifles, shotguns, and handguns. 1.2 The habits of gun ownership The culture of the United States cultivates an attitude toward firearms and a right of the armed citizens. They believe that the gun is used for survival. The entertainment drama and movies in America have shown that the gun acts as an instrument to promote personal fairness among people. Many authorities claim that handguns are involved in the violence issues in the United States because handguns are easily available and they function as an instrument to commit suicide or a crime at any time without much effort. 1.3 Gun laws in the United States There are several gun laws present in the United States 1.3. 1 State and local gun control 1.3.1.1 Concealed weapon laws About seven states in US prohibit concealed weapons and it requires individual to show a need prior to obtain a license to carry a concealed firearms. The private sale to minor has been regulated. 1.3.1.2 Federal law, Minors underage18 are prohibited from owning guns and minor under age 21 are prohibited from purchasing any gun from dealers. 1.3.1.3 One handgun a month laws It limits legal purchases of handguns once a month per buyer. The majority of states have a pre-emption law which prohibits local authorities from passing local gun control ordinances, crediting to a dramatic reduction in violent crime. (n.d 2009) 1.3.2 Possession Americans underage 18 may own a firearm only if they have a valid hunters safety certificate and are overage 14, or are supervised under a parent or guardian or another person authorized by the parent or guardian. Americans below 18 may also posse any legal firearm while hunting with a valid license, participating in lawful target shooting or organized competition, attending a hunter safety or firearms training course, or are traveling to or from such activity with an unloaded and inaccessible firearm. Any person who is not a citizen of the United States to carry or possess any firearm, without first obtaining an alien firearm license which is valid for 5 years from the director of licensing is a serious crime. 1.3.3 Carry A person shall not carry a pistol concealed on his own without a permit license but he may carry concealed without a license in his place of abode or fixed place of business. American are not allowed to carry or place a loaded handgun in any vehicle unless he has a license to permit him to do so, or the person with the concealed carrying license is in the vehicle at all times that the handgun is there, or the person with that license is away from the vehicle and the handgun is locked within the vehicle and concealed from view from outside the vehicle. American above 18 years old who possesses an unloaded handgun shall not leave it in a vehicle unless it is locked within the vehicle and concealed from view from outside the vehicle.(Mantaldo n.d)It is unlawful for an Americans to possess on public, private elementary, secondary school buildings, school-provided transportation, and areas of facilities while being used exclusively by public or private schools any firearm which propel a p ellet or other projectile by the discharge of compressed air, carbon dioxide or other gases. It is law disobeys to carry, transport, convey, possess or control in or on a motor vehicle a shotgun or rifle containing shells or cartridges in the magazine or chamber, or a muzzle-loading firearm loaded and capped or primed. 1.3.4 Miscellaneous It is unlawful to alter, remove, or obliterate the name of the maker, model, manufacturers number, or other mark of identification on any firearm which creates a legal presumption that the possessor committed the offense. It is illegal to carry, display or draw any firearm in such a way as to manifest intent to intimidate another as it does not apply to persons who instances of self-defense or acting in furtherance of ones official duties. (n.d 2009) 2.0 The benefits of gun ownership There are a lot of purposes for owning guns in the United States. 2.1 Provides effective self-defense For those people who own guns, they can protect themselves. They can also defend their friends and families from violent crimes. The police cannot protect the public and the belongings of everyone at the same time so the United States citizens have their own responsibility to protect our property. (Phil 2006). Guns protect the victims during attacks. For instance, an individual can defend himself with a gun when he encounters a rapist, a robber, or a mugger. (Torr 2002). The National Rifle Association of America (NRA) generally believes that if more law-abiding citizens are armed, they would be better prepared to stop criminals from committing murders and other violent crimes.(n.d 2009) 2.1.1 For weaker sex or handicapped victims For example, women are usually physically weaker than men .A woman carrying a gun has greater effect on the crime than a man. This phenomenon will lower the rate of murder for women by 3-4 times. (Kim 2006). A 2003 study from the USA shows that having a gun in the home increased the overall risk of someone in the household being murdered by 41% whereas for women in particular the risk was nearly tripled. Women think having a gun in the home makes them safer to live there; a large majority of men think just the opposite.A handicapped person who is not very smooth in his movement might face a big threaten when he encounters an armed criminal. Owning a gun can help to ensure his safety. 2.2 Reduce gun violence Personalized guns are created by equipping the normal gun with some specific safety features which allow the adult owners to use them only. Such guns help to lower the rate of incidents such as homicide, robbery, suicide and accidental death from occurring in the real world. Personalized guns can reduce the injuries or the accidental death of the victims of unintentional and wrong gun usage. These guns also reduce gun violence are stolen and used by criminals to commit crimes. (Egendorf 2005)The law-abiding citizens cannot protect their own property and their lives. A woman who always goes back home late and passes through any gang-infested housing project. She needs a handgun so that she will be in safer condition and will not be a victim of the robbed and violated. (Kim 2006) 2.3 Protects the country from being invaded Countries where gun ownership is prevalent are also far less likely to be successfully invaded. No invader will want to invade a country where virtually every America citizen already has the means to fight back against them. 2.4 Protects people from the government Gun ownership is not simply a means for protecting oneself from those who may pose a danger within our society, but also a means of protection from the government, which as noted, can sometimes be pretty malevolent. Our right to bear arms is part of what keeps us free. With a gun in hand, the government dares not to violate peoples civil rights, enter peoples homes randomly and place political dissidents in prison camps. (Mccracken n.d ) 2.5 Protects ones family and property Having a gun in the home can greatly increase the chances of survival because if someone is trying to break in ones house and he is the only one in the house at that particular time, he might as well use the gun he owned to protect his property. With the present of at least one gun in each family, this may help to ensure the safety of each of the family members. Half of the people who have been interviewed think that having a gun in the home makes it safer for the people who live there versus about one-third who feel the opposite way. 2.6 Unites Citizens Police cannot be everywhere simultaneously, and have no duty to protect everyone. Armed citizens can help to decrease the number of violent crimes committed by cooperating with the police which actually decreases the police workload. This enables the police to be more productive. 3.0 Disadvantages of gun ownership There are several disadvantages of gun ownership. 3.1 Contributes to violent crimes In general, the higher the gun ownership in a state, the higher is the percentage of the occurrence of the homicides caused by firearms. Due to little gun control law enforcement, murder and crimes are on the rise. This is because the handguns are too easily accessible to the children, the teens and the adult and this increases the risk of gun violence towards innocent people. The gun owners can use their gun to commit suicide when they wish to. The robbers use the gun to get involved in robbery cases. (Egendorf 2005).Torr (2002) argues that a prayer service at the Wedgwood Baptist Church in Fort Worth, Texas, a gunman who opened fire with his handgun for killing seven people, injuring the other seven and kill himself. Within a week from February 7, 2008, the United States had seven shooting incidents happened, leading to 23 deaths and dozens of injuries. On March 27, 2008, five people in Georgia and Kentucky were shot dead (The Associated Press 2008). On the night of April 18, nine shootings were reported in a period of less than two hours in Chicago (The Chicago Tribune 2008). In year 2005, 30,694 people died from gun violence which includes 12,352 people murdered; 17,002 people who killed themselves; 789 people killed accidentally; 330 killed by police intervention; and 221 who died, with an unknown intent. While in year 2007, 69,863 people survived after gun injuries, including 48,676 people injured in an attack; 4,291 people injured in a suicide attempt; 15,698 people shot accidentally; and 1,198 people shot in a police intervention.( n.d 2009) Some Americans are convinced that more federal regulation of firearms is necessary to reduce the number of murders and injuries that are inflicted with guns and to ensure a safer, more civilized society. 3.2 Decreases personal safety Handgun Control Inc. (HCI) is an activist organization which claims that owning a gun in home will increase the risks of accidents to occur. There are many cases show that the victims are dying in their houses because they are shot by a robber. The Usage of guns increases the risk of death and injury among people as well as creates a false sense of security. A study by Peter Hart Research shows that many parents realize the dangerous of handgun for their children but they still keep their handgun in the unsafe place. (Torr 2002) Public shooting There is very common for a public shooting to be occurred anywhere and anytime. The students will feel very angry and unhappy if they are scolded or ridiculed by other students, and therefore they might shoot at people to vent their anger. The children who are unhappy with their teachers might shoot at the targeted teachers. According to the U.S. Center for Disease Control and Prevention, 1.35 million high school students in 2007 were either threatened or injured with a firearm at least once in school premises (United Press International 2008). A record about 34 Chicago Public School students were killed in 2007-08. (The Chicago Tribune 2008) 4.0 Conclusion Gun ownership among Americans brings them lots of advantages when compared to the disadvantages. Owning gun makes Americans to be able to defend themselves from dangers but in the meanwhile it also increases the crime rate. The increasing crime rate can be overcome by the actions taken by the government which includes the regulation of the gun ownership. Gun ownership should not be banned in USA because it brings a lot of advantages for the people who own the guns as they can use guns to protect themselves, families and property.

psychology and gender :: essays research papers

In a showdown of the sexes on Friday, Johnstone Professor of Psychology Steven Pinker and Professor of Psychology Elizabeth Spelke debated whether innate differences lead to the underrepresentation of tenured women in math and the sciences. In front of a packed Science Center B crowd, they analyzed the data behind University President Lawrence H. Summers’ controversial January comments on women in science. Pinker, whom Summers recruited to Harvard last year, cited evidence arguing that male superiority in skills like mental object rotation and problem solving provides a biological basis for the argument that men are more talented at math and science. Spelke countered, acknowledging the existence of differences between men and women, but arguing that the reason â€Å"women are as scarce as hen’s teeth† in academia is due to discrimination. â€Å"The debate is not, ‘are there sex differences,’ it’s, ‘do they add up to an advantage for one gender over the other,’† Spelke reminded the audience. Prefacing his comments by saying that he was a feminist, Pinker stressed the importance of distinguishing between the moral and empirical claims about gender differences. â€Å"The truth cannot be sexist,† he said. Though Spelke attacked his yardstick indicator—the SAT mathematics examinations—Pinker maintained that â€Å"the tests are very good. They have an enormous amount of predictive power.† Pinker also noted that men and women tend to have different priorities in life; men seek status and money, while women look more for interpersonal relationships. â€Å"What this means is that there are slightly more men than women who don’t care whether or not they have a life,† Pinker said. Spelke did not address the argument about motives directly, saying that she did not think there was evidence available to evaluate the claim that motives are biologically determined. She focused on proving the existence of covert discrimination by looking at how gender stereotypes influence the way men and women are perceived. She presented studies in which employers were given identical resumes—with only the candidate’s gender switched—that found that men were perceived as being more productive than women. She admitted, however, that â€Å"we’re not dealing with overt discrimination,† saying that in unambiguous situations, where one candidate is clearly superior to the other, there is no evidence of sex discrimination. Pinker later noted that women are not underrepresented everywhere, but only in the hard sciences. Several audience members said they thought the evening concluded in Spelke’s favor.