The Great Gatsby by F. Scott Fitzgerald - 1824 Words

America’s Roaring Twenties were a time of pivotal social change. After World War I, wartime factories were adapted to mass-produce commodities for the middle class, including some, like the radio, that many had never encountered before. For men who had previously lived simple lives on farms in the country, the contrast of experiencing the horrors of â€Å"The Great War† and returning to live and work in factory cities of technological wonder shook their assumptions about social and cultural norms – it was a new and exciting time; things were uncertain, but they were alive. For women, many of whom had worked in the factories during the war, the 1920s were a struggle against the oppression of the old culture, dominated by males, that left few roles for women other than submitting to their husbands while staying at home. They had had a taste of freedoms they were not about to give up, but few knew how to fight or what victory would even look like. Winning the right to vote and pushing into social circles by seizing behaviors that were previously exclusively male (or at least previously more outrageous for women) signaled a big change in social norms, but culture was slow to make sense of what a desirable role for women would and should be. This period of lively upheaval and confusion, not without its cynics, is illustrated by F. Scott Fitzgeralds The Great Gatsby. Regardless of their relationship to the different men in the novel, the women of The Great Gatsby all struggleShow MoreRelatedThe Great Gatsby by F. Scott Fitzgerald1393 Words   |  6 PagesF. Scott Fitzgerald was the model of the American image in the nineteen twenties. He had wealth, fame, a beautiful wife, and an adorable daughter; all seemed perfect. Beneath the gilded faà §ade, however, was an author who struggled with domestic and physical difficulties that plagued his personal life and career throughout its short span. This author helped to launch the theme that is so prev alent in his work; the human instinct to yearn for more, into the forefront of American literature, where itRead MoreThe Great Gatsby By F. Scott Fitzgerald1343 Words   |  6 PagesHonors English 10 Shugart 18 Decemeber 2014 The Great Gatsby F. Scott Fitzgerald s 1925 novel The Great Gatsby is a tragic love story, a mystery, and a social commentary on American life. The Great Gatsby is about the lives of four wealthy characters observed by the narrator, Nick Carroway. Throughout the novel a mysterious man named Jay Gatsby throws immaculate parties every Saturday night in hope to impress his lost lover, Daisy Buchanan. Gatsby lives in a mansion on West Egg across from DaisyRead MoreThe Great Gatsby By F. Scott Fitzgerald1155 Words   |  5 PagesThe Great Gatsby The Jazz Age was an era where everything and anything seemed possible. It started with the beginning of a new age with America coming out of World War I as the most powerful nation in the world (Novel reflections on, 2007). As a result, the nation soon faced a culture-shock of material prosperity during the 1920’s. Also known as the â€Å"roaring twenties†, it was a time where life consisted of prodigality and extravagant parties. Writing based on his personal experiences, author F. ScottRead MoreThe Great Gatsby By F. Scott Fitzgerald1166 Words   |  5 Pagesin the Haze F. Scott Fitzgerald lived in a time that was characterized by an unbelievable lack of substance. After the tragedy and horrors of WWI, people were focused on anything that they could that would distract from the emptiness that had swallowed them. Tangible greed tied with extreme materialism left many, by the end of this time period, disenchanted. The usage of the literary theories of both Biographical and Historical lenses provide a unique interpretation of the Great Gatsby centered aroundRead MoreThe Great Gatsby by F. Scott Fitzgerald845 Words   |  3 PagesIn F. Scott Fitzgerald’s novel, The Great Gatsby, colors represent a variety of symbols that relate back to the American Dream. The dream of being pure, innocent and perfect is frequently associated with the reality of corruption, violence, and affairs. Gatsby’s desire for achieving the American Dream is sought for through corruption (Schneider). The American Dream in the 1920s was perceived as a desire of w ealth and social standings. Social class is represented through the East Egg, the WestRead MoreThe Great Gatsby By F. Scott Fitzgerald Essay970 Words   |  4 Pagesrespecting and valuing Fitzgerald work in the twenty-first century? Fitzgerald had a hard time to profiting from his writing, but he was not successful after his first novel. There are three major point of this essay are: the background history of Fitzgerald life, the comparisons between Fitzgerald and the Gatsby from his number one book in America The Great Gatsby, and the Fitzgerald got influences of behind the writing and being a writer. From childhood to adulthood, Fitzgerald faced many good andRead MoreThe Great Gatsby By F. Scott Fitzgerald2099 Words   |  9 Pagesauthor to mirror his life in his book. In his previous novels F. Scott Fitzgerald drew from his life experiences. He said that his next novel, The Great Gatsby, would be different. He said, â€Å"In my new novel I’m thrown directly on purely creative work† (F. Scott Fitzgerald). He did not realize or did not want it to appear that he was taking his own story and intertwining it within his new novel. In The Great Gatsby, by F. Scott Fitzgerald, he imitates his lifestyle through the Buchanan family to demonstrateRead MoreThe Great Gatsby By F. Scott Fitzgerald1607 Words   |  7 Pages The Great Gatsby is an American novel written in 1925 by F. Scott Fitzgerald. One of the themes of the book is the American Dream. The American Dream is an idea in which Americans believe through hard work they can achieve success and prosperity in the free world. In F. Scott Fitzgerald s novel, The Great Gatsby, the American Dream leads to popularity, extreme jealousy and false happiness. Jay Gatsby’s recent fortune and wealthiness helped him earn a high social position and become one of the mostRead MoreThe Great Gatsby By F. Scott Fitzgerald1592 Words   |  7 PagesMcGowan English 11A, Period 4 9 January 2014 The Great Gatsby Individuals who approach life with an optimistic mindset generally have their goals established as their main priority. Driven by ambition, they are determined to fulfill their desires; without reluctance. These strong-minded individuals refuse to be influenced by negative reinforcements, and rely on hope in order to achieve their dreams. As a man of persistence, the wealthy Jay Gatsby continuously strives to reclaim the love of hisRead MoreThe Great Gatsby By F. Scott Fitzgerald1646 Words   |  7 PagesThe 1920s witnessed the death of the American Dream, a message immortalized in F. Scott Fitzgerald’s The Great Gatsby. Initially, the American Dream represented the outcome of American ideals, that everyone has the freedom and opportunity to achieve their dreams provided they perform honest hard work. During the 1920s, the United States experienced massive economic prosperity making the American Dream seem alive and strong. However, in Fitzgerald’s eyes, the new Am erican culture build around that

Analysis Of Micro And Macro Business Environment - 2754 Words

Analysis of Micro and Macro Business Environment Market Structure Submitted by Haleema Sadia Student ID Number: 9740 ECONOMICS FOR BUSINESS Post Graduate Strategic Diploma (Level 7) Submitted to: Finance and Technology Institute of London 2015 Activity one: 1.1Explain the importance of the micro-economic environment to business organisations: Microeconomics looks at how individual players in the economy, such as households and firms, interact. It focuses on the impact that their economic choices have on the allocation of scarce resources to meet unlimited demand. These interactions match what one party wants or demands in economic term and what the other gives in exchange (supply). Each time someone buys a chocolate bar from a newsagent or undertakes the morning paper round, there’s an interaction between supply and demand (ESRC). (P) Demand curve Equilibrium point of DS Supply curve (Q) Fig1.1: equilibrium of consumer demand curve and firm’s supply The Above picture clearly illustrate that where the Demand and supply curves intersect, that is called equilibrium point of demand and supply where consumer demand is equal to supply from firms or production sector and Q shows quantity and P shows price. The collective way of all the decisions on demand and supply, use of resources and opportunity costs made by millions of people or firms sets the price for goods, services, assets and labour demand and supply therefore form the main principleShow MoreRelatedPart 1 Introduction to Macro Micro frameworks: The Business firm consist of a set of internal800 Words   |  4 PagesPart 1 Introduction to Macro Micro frameworks: The Business firm consist of a set of internal factors and is confronted with a set of external factors (i.e., Environment). This is the relation between a firm and its environment. Business environment (external factors) is classified as (1) Micro Environment (2) Macro Environment Micro Environment: The micro environment consists of the factor of the firm’s immediate environment, i.e. a) Suppliers b) MarketingRead MoreThe Micro Environment1504 Words   |  7 PagesCHAPTER 3: THE MICRO ENVIRONMENT MGMT 488 – STRATEGY AND POLICY OVERVIEW The micro environmental analysis is the second step in creating the Environmental Analysis. The micro environment examines the general business climate as it relates to the organization within its industry. The micro environment is also known as Porter’s Five Forces of Competition. The macro environment is primarily concerned with major issues and upcoming changes in the environment. The analysis looks at five areas of interestRead MoreMarketing Micro and Macro Environmental Factors1669 Words   |  7 PagesMacro and micro environments both fall into the categories of environmental scanning. The general scope of environmental scanning is that it is a component of global environmental analysis. While analyses are typically carried out on the macro environment, the micro environment still has an important role to play. In summary, the macro environment is involved with the industries, companies, markets, clients and competitors, while the micro environment can be represented by the suppliers, competitorsRead MorePolitical Risk948 Words   |  4 Pagescomplications businesses and governments may face as a result of what are commonly referred to as political decisions—or â€Å"any political change that alters the expected outcome and value of a given economic action by changing the probability of achieving business objectives.†.[1] Political risk faced by firms can be defined as â€Å"the risk of a strategic, financial, or personnel loss for a firm because of such nonmarket factors as macroeconomic and social policies (fiscal, monetary, trade, investment, industrialRead MoreMicro and Macro Marketing946 Words   |  4 PagesMICRO AND MACRO MARKETING ENVIRONMENT Introduction Micro marketing Refers to the internal controllable factors or forces which affects the ability of a company to serve its customers. e.g. the organization, the market, the suppliers, market intermediaries and the marketing mix. The micro marketing environment that surrounds organisations can be complex by nature, however the company has an element of control over how it operates within this environment. Macro marketing Refers to the externalRead MoreElements of Small Business Environment1534 Words   |  7 PagesELEMENT OF THE SMALL BUSINESS ENVIRONMENT Entrepreneurship Individual Assignment THE ELEMENT OF THE SMALL BUSINESS ENVIRONMENT Entrepreneurship Individual Assignment NGUYEN THAI HA B0074 - BA505 ETR401   |   LECTURER: MR. NGHIAHT NGUYEN THAI HA B0074 - BA505 ETR401   |   LECTURER: MR. NGHIAHT CONTENTS I. INTRODUCTION of ENVIRONMENT II. INTERNAL ENVIRONMENT III. EXTERNAL ENVIRONMENT 1. Task Environment 2. General Environment IV. CONCLUSION Read MoreThe Micro And Macro Effects On The Groups And Their Function848 Words   |  4 Pagesinto the organization. There are more than a few ways that a company can be viewed and in which the information can be described. It really be subject on the way that they are doing the research. In this situation we are going to discuss the micro and macro effects on the groups and their function. This part is supposed to be a mixture of psychology, sociology and communication studies and is done to benefit the companies and firms purpose at a greater level of proficiency. OrganizationalRead MorePest Analysis : Pest And Porter s Five Forces1314 Words   |  6 PagesAccording to Mind tools (n.d.). PEST Analysis, PEST and Porter s five Forces each analyze different aspects of a business. PEST (Political, Economic, Socio-cultural and Technical) factors are often considered to gauge the expected impact of business decisions, and the likelihood that the trend set will continue in a particular direction. PEST analysis allows a company to determine if the resources and capabilities used by the company support the company s opportunities, or diminish existing threatsRead MoreMicro And Macro Environment Of The Company1590 Words   |  7 Pagestypes of analysis a company should look at when considering a new project, the more you look into the business environment for your company the better equipped you will be to bring forward a project that will be successful, in this section we’ll be looking at the micro and macro environment of the company through pestle and porters five forces. Also looking at why robust information and research is important how stakeholder analysis works along with constraints analysis. 1. Micro and macro Theâ€Å"microenvironmentRead MoreComplexity Leadership For An Education Mnc1698 Words   |  7 Pagessense of knowledge and cultivating this throughout the organization, rather than a few leaders with the knowledge is required in leading a complex adaptive system (Best, 2014). This paper analyzes macro, meso, and micro level leader interactions in leading complex adaptive organizations; an analysis of traditional and complexity leadership theories, with a mix of traditional and complexity leadership applied to a large knowledge worker based multinational education company. Traditional command

Wallmart Resources and Capabilities - 1361 Words

MBA 591 – Summer 2011 Faculty of Business Administration Bilkent University July 5, 2011 Resources and Capabilities of Wal-Mart Wal-Mart had enough financial resources to make capital investments to improve its operations and labor productivity. Most important investments were technological investments such as the UPC (Uniform Product Code) infrastructure, the computerized system within stores and the satellite network that enabled almost real-time communication among the stores, the distribution centers and vendors. These technological resources can also be classified as equipment related†¦show more content†¦In addition to that, electronic scanning of the UPC at the point of sale enabled higher speeds in checkouts, eliminated the paperwork, and simplified the inventory management, reorders and postaudits of the merchandising programs. This infrastructure also improved the labor productivity in the stores. Using also its financial resources, Wal-Mart established a superior distribution network using its distribution resources. It established a two-step hub-and-spoke distribution network using its 400-plus truck-tractor fleet. Only 20% of the inbound merchandise was shipped directly from suppliers. The rest was supplied using â€Å"cross-docking† that is delivering the merchandise over this network using only trucks without ever sitting in the inventory like warehouses. Thanks to this distribution network, each distribution center could serve up to 175 stores within 150-to-300 mile radius. By the end of 1985, that was meant 3.9 million square feet of distribution space in 5 locations, delivery within 48 hours with 60% full on backhauls. As a result, the cost of inbound logistics in early 1980s was in average 2% of sales which was the half of the industry average. Furthermore, due to increase efficiency in inventory management, the store management was easier and there was more sp ace available in the store for sales providing increase in productive space in the stores. As an intangibleShow MoreRelatedBusiness Application For A Business1078 Words   |  5 Pagescompetition from big retail chains such as Superstore, Loblaws, WallMart, and PriceChopper to small local grocery stores. It is mainly advertising their business on local newspaper and flyers. Due to intense cost based competition from larger sized corporation, XYZ is recording decrease in their sales and hence profitability. 2.0 Importance of IT for business Foundation of IT in a place is very crucial for most business. Organizations can use IT resource to create innovative and strategic process that helpsRead MoreDysons Air Multiplier: Flaws and Functions3322 Words   |  14 Pagesthe design and flexibility of the product in the promotional activities. †¢Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Try to communicate the technological advancements of the product †¢Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Give more importance to visual media promotion activities as it helps to show the capabilities of the product. †¢Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Exploit the weakness in the current market and then inform potential customers how Dyson s new product solves their problem. †¢Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Promote the award winning customer service offered by Dyson. †¢Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  The conceptRead MoreNetwork Based Door Lock Utilizing Radio Frequency Identification Card for Multimedia Rooms8544 Words   |  35 Pagesbuilding. Door lock allows one to remotely  unlock/lock doors and grant entry to a home, an office or to a room in a school. Door locks can be controlled from any computer, compatible cellular phones and even FiOS TV. This device gives you the capabilities to unlock doors, remotely change user  PIN codes, and receive text message or email updates for when the door is locked or unlocked [3].   Making a door lock has many things to do and it can be produced by some computer-related system. One of whichRead MorePG Corporate Social Responsibility5660 Words   |  23 Pagescompanies list by their revenues (which are approximately 79,697.0 million dollars). PG market capitalization is bigger than many countries GDP. Furtermore PG profit is 13,436.0 million dollars, when in comparison number one Fortune 500 company Wallmart has just a â€Å"littleâ€Å" bit bigger profit of 14,335.0 million dollars. This company serves to the customers to more than 180 countries. Even at Baltic states is sold more than 7 millions PG products every month. Procter Gamble manufactures a wideRead MoreIkea Feasibility Report8201 Words   |  33 PagesIKEA vision - to create a better everyday life for the many people. As the IKEA Concept aims to serve the many people, the IKEA product range needs extremely low price levels. IKEA designers do their part to keep prices low by using production capabilities from other areas in unique and previously unimagined ways - like having shirt factory produce furniture upholstery. Or using leftover materials from the production of one product to create an entirely new one. IKEA customers also contribute to

Corporation Analysis Example

Essays on Corporation Analysis Essay Business Investment Opportunity Question Property, plant, and equipment, net†¦ increased from $10,116 million in Year 2 to $21,312 million in Year 5, an increase of 111%, indicating purchases of additional cruise ships for expansion. The greatest increase was in Year 3, when PPE increased by more than 50%. Goodwill and other intangibles†¦ Increased from $681 million in year 2 to a peak of $4,627 million an increase of 579% in year 4.it indicates purchase of business or subsidiary above its value. In year 5, it decreases to $4,488 million at 3%. This is impairment of goodwill as an asset. IFRS allows for provision on impairment of goodwill. Long-term debt†¦ increased from $3,014 million in year 2 to $6,918 million in year 3 an increase of 129% indicates the company undertook a long-term financing loan. The decrease from $6,918 million year 3 to $5,727 million in year 5 a decrease of long term debt by $1,191 million signify the principal amount of paid long-term debt. Contributed capital totals $7,740 million at the end of Year 5†¦ there is increase due to payment of full share price of subscribed share capital of $6,082 million in year 3, $148 million in year 4 and $70 million in year 5. The common stock par as well increased from $6 million in year 2 to $ 359 million in year 5 this indicates additional issue of shares. Retained earnings... increased from $6,323 million in year 2 to $10,376 million in year 5. This represents the profits that ploughed back to the company after payment of dividends. The decrease of other stockholders equity from $525 million in year 4 to $143 million in year 5 indicates offset of incurred losses in stock. Question 2 Carnival Corporation Industry Norm* Year 5 Year 3 Current ratio 0.50 0.42 Debt ratio 63% 0.40 0.43 Times Interest Earned 8.00 8.0 Current ratio: current ratio of 0.64 in year 3 is more favorable than 0.42 in year 5 indicating the strong liquidity thus it is able to pay its debts. The company is struggling to pay its debts in year 5 and it should consider increase of its current assets. Debt ratio: the debt ratio of 0.40 in year 5 is favorable as it shows the business is more stable compared to ratio of 0.43 in year 3. Overall, the business is stable as both ratios are far below 5.0, which is the industry-accepted norm, which warns on the level of bankruptcy. Times interest earned ration: the ratio of 11.14 in year 3 is more favorable than 8.0 in years 5. The company was making enough income to pay its interest in both years as both ratios supersedes industry norm ratio of 8.0 Question 3 Weakening financial positions as only one of the three ratios is favorable in the current year 5 as opposed to year 3 that has two favorable ratios. In year 5 the company has adverse debt ratio implying struggling indication in paying its debts. It as well using large portion paying interest in year 5 and it is at par with industry-accepted norms. Question 4 Revenues were$4,244 million for the earliest year reported and $10,735 million for the most recent year reported. Since the earliest year reported, this account has changed by $6,131 million, which is a(n)144% increase . During the same period, COGS increased by $ 173%, operating expenses (other than COGS) increased by $127%, and net income increased by 122%. Question 5 Carnival Corporation Industry Norm* Year 5 Year 3 Gross profit margin 50.8% 55.08% ROS 16.8% 24.58% ROA 6.7% 4.87% ROE 12.2% 8.65% Asset turnover 0.40 35.07% Gross profit margin of 55.41% in year 3 is favorable than 55.08% in year 5. It indicates decline in margin over the two years. Both are above recommended ratio of 50.8% making the company going concern positive. Return on sales for year 3 is 33.64% which is favorable than 24.58% ROS of year 5. Both ratios are far above the industry recommended ratio of 16.8% asserting the business stronger income statement position. Return on Assets for year 5 is 7.39%, which is favorable compared to year 3 ROA of 4.87%. It shows great improvement from year three when ROA was adverse. This is a position asserts the going concern confidence as this is higher than norm of 6.7%. Return on Equity is favorable in year 5 at 13.29% than adverse ratio of 8.65% in year 3. The business is in the right direction as it has surpassed industry norm of 12.2%. Asset Turnover is in adverse position as in both years its below industry level of 40%. The management needs to retire the non-performing asset to reduce this variance. Question 6 Strengthening of ratios concerning income statement is due to- Higher gross profit margin Improvement of asset turnover from yea 3 to year 5 Increase in return of assets Increase in return on equity Question 7 The primary source of cash was operating, which is a favorable sign. For property, plant, and equipment a net cash outflow was reported in the investing activity section so PPE purchased, which is a favorable sign indicating†¦ better use of retained earnings rather than borrowing. Purchase of assets increase business productivity as well as increase in return to stakeholders. A net cash inflow for debt occurred during Year 3 indicating more debt was borrowed these amounts appear to have primarily financed the purchase of PPE A net cash inflow for capital stock occurred during Year 4 indicating more capital stock was issued. This is a favorable sign indicating†¦ raising capital from cost effective ways. It as well puts the company balance sheet statements good for investors. Question 8 Net cash from operating activitie sincreased by $1,941 million or 132%.During the same period, dividends paid increased by 130%. Question 9 Carnival Corporation Industry Norm Year 5 Year 3 Free cash flow ($ in millions) NA $ $ Cash flow adequacy ratio NA 0.43 Cash flow liquidity ratio NA 0.54 Quality of income ratio NA 1.51 The business risk in cash flow statement is decreasing. The adequacy ratio doubled from year 3 to year 5 indicating the strong going concern position. The quality of time has staggered off although it is recommendable .Question 10 Carnival Corporation STATEMENT OF CASH FLOWS Common-Size ($ in millions) For the years ended November 30, Year 5 Year 5 Year 3 Year 3 Net cash from operating activities $3,410 100% $ 1,933 100.00% Purchase of PPE ($1,977) -57.98% (2,516) -130.16% Issuance of debt 910 26.68% 1,751 90.58% Issuance of capital stock 50 14.66% 42 2.17% Repayment of debt (912) -26.74% (898) -46.46% Repurchase of capital stock 305 -8.9% 0 0.00% Cash dividends paid (566) -16.59% (292) -15.11% Net change in cash $ 535 15.69% $ (57) -2.95% In Year 3, the primary use of cash was purchasing PPE using 100% of NCOA, whereas in Year 5, the primary use of cash was purchasing PPE using 57.98% of NCOA. Question 11 Strengthening cash position: the cash from operating assets in year 5 is relatively increasing. There were negative cash and cash equivalents in year 3 as opposed to year 5 where there are cash reserves. Question 12 Carnival Corporation STATEMENT OF RETAINED EARNINGS ($ in millions) For the years ended November 30, Year 5 Year 4 Year 3 Year 2 Retained earnings, beginning $ 8,623 $ 7,191 $ 6,326 $5,556 Net income 2,257 1,854 1,194 1,016 Dividends 566 400 292 (246) Other adjustments (81) (22) (37) (0) Retained earnings, ending $ 10,233 $8,623 $ 7,191 $6,326 Net income is initially reported on the income statement and dividends paid are initially reported on the statement of cash flows Question 13 Yes, below are the various reasons that affirm my investment in Carnival Corporation. Low financial risk Payment of dividends Constant increase in revenues and net income Positive and promising Going concern High returns on capital To: Friends of Carnival Corporation From: Manager, Carnival Corporation Date: 18th April 2015 Subject: Business Investment Opportunity Welcome, to Carnival Corporation Company. I am writing this memo in reference to Carnival Corporation investment opportunity. The company has decided to offload part of its shareholding to its friends and partners. We the board of directors through resolution has voted to offer shares to new investors. The finance through debt capital, so no need to increase liability Morse, Wayne, (2015). Carnival Corporation wants its friend to realize exciting opportunities and become part of the company. Below are the company financial statements evaluation for your analysis and query. 1. Sales and profits: the company sales and profit have increased for the past four-Years. It has registered a phenomenal growth of 21.25% in net income for the past one year. Over the four years period, Carnival Corporation Company, the growth rate was 122% in profits. This gives you an overview of a stable company that is poised to continue profit-making trend. 2. Balance sheet: Carnival Company has a strong balance sheet having invested its funds in plants and equipment at 90%. This gives a view of the management of funds through assets rather than inventory. Furthermore, the company has a continuous increasing goodwill of $4,488,000,000 showing the confidence level of the customers. The accepted ratio of shareholders capital to debt is more than 2:1ratio. 3. Dividends: The companies paid up, and issued shares are $7,883,000,000 over the last year it paid a dividend of $566,000,000. This represents a 7.18% return on capital invested in equity. This is far much more than 4.5% interest paid to debt capital.. CCL gives higher dividends than interests signify that creditor’s great confidence with company operations. 4. Liquidity: Carnivore Corporation has a cash and cash equivalents of $1,178,000,000. The cash liquidity ratio is 2:1 representing a strong liquidity higher than expected of 1:1ratio. Cash and cash equivalent double both inventory and accounts receivable. This figure in the financial statements, increase both investors and creditors confidence Bishop, Fienberg, Holland, (1975). 5. Retained earnings: Overall, the company has retained earnings of $10,233,000,000. These funds belong to shareholders. The company policy of maintaining vast reserves higher than debt shows this company is not operating using debt capital. CCL cushions itself against abnormal happenings by maintaining substantial reserves. In conclusion, the overall performance of Carnival Corporation is beyond reproach. A business shows sustainable growth and expansion. Its balance sheet and income statement is a view of a well-managed company Caplan, (2010). All the company active and tested policies influence and drove Carnival Corporation to success. It is my wish you will find financial evaluation satisfactory, convincing and consider acquiring shareholding of Carnival Corporation. References Morse, L., Wayne, J.H. (2015). Managerial accounting. Cambridge business publishers, 7(1), 31-60. Bishop, Y.M., Fienberg, S.E., and Holland, P. W. (1975). Discrete Multivariate Analysis. Cam-bridge, MA: MIT Press Dennis, C. (2010). Management accounting concepts and techniques. Oregon state university publishers 3(1) 320 - 400

Inquiry of 7-Eleven Australia Pty Ltd Samples †MyAssignmenthelp.com

Question: Discuss about the Inquiry of 7-Eleven Australia Pty Ltd. Answer: Introduction: Inquiry was commenced by Fair Work Ombudsman (FWO) in June 2014 in lieu of allegations related to underpayment of wages and maintaining false employment records against the leading retailer of Australia named as 7-Eleven Australia Pty Ltd (7-Eleven). This inquiry conducted by FWO investigated almost three allegations by conducting inspections of sites and analysis of record keepings. This inquiry conduct investigations on other matters also which were requested by the employees of 7-Eleven. Results of these investigations are shocking as it shows non-compliance of various provisions of Fair Work Act 2009 (FW Act) and Fair Work Regulations 2009 (FW Regulations), and it also shows that company made false entries in their records (FWO, 2016). This report states various frauds committed by 7-Eleven stores and investigation conducted by FWO against the company. It also states the result of these investigations and consequences faced by company. Subsequently, paper is concluded with brief conclusion. About the company history of non- compliance: In Australia, 7-Eleven was considered as largest retailer of petrol and convenience on the basis of its market share and number of franchisee awards. Stores of 7-Eleven were operated under the license of US-based business 7-Eleven Inc., which was responsible to develop franchisees of 7-Eleven in Australia. 7-Eleven Inc. was actually incorporated in 1927, and it was determined as largest operator of franchisee and licensor of convince stores (7-Eleven, 2017). First store of 7-Eleven in Australia was initiated in 1977 in Melbourne. In 1978, more stores were opened by the company which includes first franchise store, first fuel site, and also first 24-hour site. All these stores were considered as key elements of the operating model of 7-Eleven. On 31st December 2015 almost 626 7-Eleven stores were operated in Australia throughout the Australia. It must be noted that, almost 70% of these stores sell fuel and traditional merchandise. Allegations on 7-Eleven stores were not new and FWO receives various reports related to these allegations from 2008 onwards from the employees of the stores. These employees continuously alleged the underpayment of wages from the stores of 7-Eleven. Concern of FWO was increasing because these underpayments of wages were directly linked with the inaccurate records of the stores. As employers of stores show less working hours of employees for the purpose of showing that employees higher rates of pay, but in actual situations were completely different (7-Eleven, 2017). Underpayment of wages Workplace Ombudsmans audit: Allegation were received by Workplace ombudsman in 2008 from an unregistered organization which represents the workers of fast food and retail sector, that stores of 7-Eleven were involved in the practice of double hours scam. Double hour scam means stores of 7-Eleven made records and pays only half amount to their workers actually worked. In other words, workers of 7-Eleven receive only half amount as compared to amount which should have been paid by employers under award rates. During the period of 2008-2009, number of stores established in Melbourne and Sydney are audited by FWO. The result of the audit conducted by FWO in Melbourne shows fraud of $112000 wages, and these wages were recovered for 88 employees in five stores. FWO instructed 6th Store to credit almost 1000 hours of annual leave back in the records of 12 permanent staff members. In the store of Sydney, FWO conduct audit and it shows fraud of $50000 which were recovered for 80 workers at 15 stores. The main issue identified by FWO in the audits was the underpayment of wages and underpayment of penalty rates related to weekends and nightshifts. However, sufficient evidences were not present which shows that double hour scheme was widespread, and FWO also noted that generally underpaid workers young international students at young age and stores of 7-Eleeven mainly exploit these students (FWO, 2009). Education and Audit campaign by FWO: During the period of September 2009 and February 2010, education and audit campaign was conducted by FWO in 56 stores of 7-Eleven situated in Melbourne and Geelong. This campaign was the result of allegations received by FWO that young employees engaged in this sector were being exploited and also because of the request received from 7-Eleven for providing advice and guidance for the purpose of establishing compliance system in franchisees. FWO address all the audited business and provide information related to the education and compliance elements, and it also provides self-audit checklist. Almost 56 audits were conducted by the FWO and it was found that almost 70% of the business compliant with the FW Act and 30% business contravened the FW Act. Stores which contravened FW Act were involved in almost 24 types of contravention, and these contraventions were: Almost 7 issues related to underpayment of wages were found. 10 issues related to non-payment of weekend penalty rates were found. 3 issues related to non-payment of public holiday penalty rates were found. 1 issue related to non-payment of overtime rates were found. 3 issues were found related to incomplete details in pay slips (ABC, 2015). In total fraud of $32378 was found and this amount was recovered for almost 62 workers of 7-Eleven stores. Legal proceedings were recommended by the FWO in January 2010 against the Boston Pty Ltd and also against the former operators of 7-Eleven stores that were Hao Chen and Xue Jing. Investigation was conducted by the inspectors of FWO after receiving the request from six employees who were international student and worked at Geelong and South Yarra stores of 7-Eleven. It must be noted that these stores were engaged in flat rate pay and fail to pay base hourly rates and penalty rates defined by the awards of applicable rate industry. Investigation conducted by inspectors of FWO shows that stores only record half working hours of employees for the purpose of showing that they paid double to the employees. This can be understood through example, if employee in the store working for 40 hours per week at $12 per hour then it would be recorded as 20 hours at $24 per hour. Later, this fraud was referred by Media as the half pay scam, and in April 2011 penalties were awarded by Magistrate Court of Victoria in following manner: Boston Pty Ltd- $120000 Hao chen- $20000 Xue Jing- $10000 (FWO, 2011). Issue related to pay-roll tax: Another whistle was blow for the convince stores of 7-Eleven, and investigation was conduct against the franchisees by the state governments of Victoria and NSW because of the alleged failure of stores to pay their payroll tax due to state. This was the issue which was alleged against the company after the half pay scam. Separate investigation was conducted by state government which was revealed under the freedom of information, and this information was requested under the transparency laws of NSW and lodged by Labor MLC Daniel Mookhey to the Office of State Revenue (Ducknley, 2016). Documents revealed in the investigation shows that state revenue department of Victoria initiated an investigation against the in headquarter of 7-Eleven established in Melbourne and also in the franchisees of 7-Eleven established in Victoria related to the concerns about payroll tax compliance. Management of 7-Eleven stated in relation to these claims made by NSW Labor, that claims made by NSW for non-payment of payroll tax were disgraceful and untrue. These claims were highlighted in the weekend after documents related to Freedom of Information was requested by the NSW Labors Daniel Mookhey, in which he found that 7-Eleven was not registered under the payroll tax in the state. He further stated that documents revealed those convenience stores of 7-Eleven and its franchisees failed to pay payroll tax of last three financial years in NSW. These claims were rejected by the 7-Eleven and further stated that company paid almost $9 million as the payroll tax in NSW and Victoria in last three financial years. Management also stated that company fulfills all its tax obligations whenever it become due and company does avoid its payroll tax obligations (SMH, 2016). Office of State Revenue in NSW stated that 7-Eleven is registered for their payroll tax in the state and it has met all its obligations towards relevant tax commitments. This statement of OSR was given after the OSR released its response related to the Freedom of Information which suggests that 7-Eleven is not registered for payroll tax in NSW. Later OSR clarified that it was an error on their part and OSR corrected this error publicly. OSR further stated that 7-Eleven paid almost $9 million tax in last three financial years in NSW and Victoria. However, last year in October 7-Eleven actively requested the SRO in Victoria to provide their advice whether any state tax implications are due on their part during their wage repayment program. It must be noted that on this matter 7-Eleven working with the SRO of Victoria who also represents the other states for the period of 12 months. These discussions are well advanced. Therefore, this company was proactive, transparent and compliance al its obligations related to state tax (7-Eleven, 2016). Conclusion: As stated above, various investigations are conducted by FWO and state government against the 7-Eleven stores. Fair Work Ombudsman conducts its investigation in June 2014 in lieu of allegations related to underpayment of wages and maintaining false employment records against the leading retailer of Australia named as 7-Eleven Australia Pty Ltd (7-Eleven). In this, company and its former representatives was heavily penalized by the Court. Later NSW state government conducts investigation against the franchisees because of the alleged failure of stores to pay their payroll tax due to state. In this government admits its error and announced publicly that company fulfill all its tax obligations in last three financial years. References: 7-Eleven, (2017). Welcome To 7-Eleven Australia. Viewed at: https://franchise.7eleven.com.au/why-7-eleven.html. Accessed on 21st September 2017. FWO, (2016). Identifying and addressing the drivers of non-compliance in the 7-Eleven network. Viewed at: https://www.google.co.in/url?sa=trct=jq=esrc=ssource=webcd=7cad=rjauact=8ved=0ahUKEwiRv-C147XWAhUNTo8KHa1rCQcQFghRMAYurl=https%3A%2F%2Fwww.fairwork.gov.au%2FArticleDocuments%2F763%2F7-eleven-inquiry-report.pdf.aspxusg=AFQjCNG4B0Ov9wMA6hexyckXAD0fwQvEBg. Accessed on 21st September 2017. 7-Eleven, Reasons to become a franchisee, 7 Eleven Pty Ltd. Viewed at: https://franchise.7eleven.com.au/why-7-eleven.html. Accessed on 21st September 2017. Fair Work Ombudsman, (2009). Watchdogs random audits recoup $112,000 for city convenience store workers. Viewed at: accessed at https://www.fairwork.gov.au/about-us/news-and-media-releases/2009-media-releases/july-2009/20090725. Accessed on 21st September 2017. Fair Work Ombudsman, (2011). Convenience store operators fined $150 000 for underpaying international students. Viewed at: https://www.fairwork.gov.au/about-us/news-and-media-releases/2011-media-releases/april- 2011/20110427-bosen. Accessed on 21st September 2017. ABC, (2015). How 7 Eleven is ripping off its workers. Viewed at: https://www.abc.net.au/news/2015-08- 29/7-eleven-half-pay-scam-exposed/6734174. Accessed on 21st September 2017. Fair Work Ombudsman, (2009). City convenience stores back-pay workers $50,000 after watchdog investigation. Viewed at: https://www.fairwork.gov.au/about-us/news-and-media-releases/2009-media-releases/july- 2009/20090708. Accessed on 21st September 2017. Dunckley, M. (2016). 7-Eleven head office paid payroll tax, says state revenue office. Viewed at: https://www.smh.com.au/business/retail/7eleven-head-office-paid-payroll-tax-says-state-revenue-office-20160929-grrayd.html. Accessed on 21st September 2017. SMH, (2016). NSW, Victoria investigate 7-Eleven over payroll tax. Viewed at: https://www.smh.com.au/business/workplace-relations/nsw-victoria-investigate-7eleven-over-payroll-tax-20160922-grmn67.html. Accessed on 21st September 2017. 7-Eleven, (2016). NSW confirms 7-Eleven compliance with payroll tax obligations. Viewed at: https://www.7eleven.com.au/media-centre/article/nsw-confirms-7-eleven-complies-with-payroll-tax-obligations/article/nsw-confirms-7-eleven-complies-with-payroll-tax-obligations. Accessed on 21st September 2017.

Linguistic Diversity free essay sample

With that conveyed, I of course, believe that providing a child with quality linguistic diverse classrooms will allow them to grow and learn in a more successful way. Therefore, in this thesis, I will discuss the importance of having family and cultural involvement in language acquisition, formal English in the early childhood classroom and last but not least immersion programs. Let us first define what linguistic miscellany is. Linguistically and culturally diverse is an educational term used by the U. S. Department of Education to define children enrolled in educational programs who are either non-English-proficient (NEP) or limited-English-proficient (LEP). Educators use this phrase, linguistically and culturally diverse, to identify children from homes and communities where English is not the primary language of communication. † (Garcia 1991). First learning the families and cultural involvement in language acquisition is essential.In this day and time, one must respect the issue of language in the child’s home. I have come to find in my experience with home visits and conferences that different cultures have different ways of communicating. Research has shown that the substance of family framework in verbal communication achievement is significant as to the â€Å"talkativeness in families in influencing language acquisition rather than the family’s socioeconomic status or ethnic group identity.Differences in language use were attributed to the complex family culture—not simply due to socioeconomic status or ethnic group identity. † (Otto, 2010)Just as your families, have rules for the household as to when children talk and when adults talk, so do other cultures. In some cultures or ethnic background, children are not allowed to talk unless they are spoken too. They are pretty uch seen and not heard to an extend. Other cultures I have found that the child is allowed to say no matter how respectful or disrespectful it may be. However, the research has showed that children who are allowed to talk more have been found to score higher in language skills such as vocabulary growth and use. Therefore, these children tend to be more social and successful in all areas of development.Our text states there are five quality features in parents’ language interaction with their children that we can look at to help access them: †¢ Language diversity: the variation and amount of nouns and modifiers used by the parents, †¢ Feedback tone: the positive feedback given to children’s participation in the interaction, †¢ Symbolic emphasis: the emphasis placed on focusing on names and associated relations of the concepts and the recall of those symbols, †¢ Guidance style: parental interaction that used asking rather than demanding in eliciting specific behavior from the child and, †¢ Responsiveness: parental responsiveness to requests or questions initiated by children. (Otto, 2010) All these qualities can help you find the best way to build with the families and child’s language skills. In looking at the qualities of co mmunication with children, we also need to look at the educational activities in the classroom.Instruction activities in the classroom should involve specific types of communication and relations. When teachers are looking at formal English, â€Å"they must remember that the second language must first target language in oral conversational form prior to being able to effectively acquire the academic register and written form used educational setting. † (Otto, 2010) Three approaches that involve precise language competencies related to formal English and academic register. They are: †¢ Cognitive includes written and hands on resources. The strategy must include the procedure that uses the cognitive processes. †¢ Metacognitive includes resources that evaluate their success.Once a child begins to reflect on their own learning, they can then begin to notice how they learn, how others learn and how they might amend how they learn to become more successful. This process may include organizing or planning, managing, monitoring, and then evaluating their learning process. †¢ Social-affective would be a teamwork activity with peers. It can include asking questions to simplify information or self-talking with positive statements. Formal English in the classroom becomes essential in learning especially when moving into higher grades in both verbal and written communication. Finally yet importantly, we need to look at immersion programs. In immersion programs, the intended language is used to instruct regular educational topics such as math and science.Students are then expected to achieve the same standards in these subjects as students learning through the medium of their first language. Immersion programs have goals that include: †¢ â€Å"advanced levels of functional proficiency in second language reading, writing, speaking and listening comprehension; †¢ age-appropriate levels of home language competence; †¢ grade-appropriate levels of academic achievement in non-language subjects, such as mathematics; and †¢ an understanding and appreciation of the culture of the target language group. † (LIC, 2008) Teachers in positions that include immersion programs should be flu ent in both the language being taught and their first language.Success rates are immense in the United States and continue to sore in the classrooms. Providing opportunities to build language skills is essential in today’s society. We have so many different ethnical and cultural backgrounds. Each language brings a unique and imperative characteristic. We must continue to improve our language skills in ourselves and in the classroom. We do want all students to be victorious and achieve their goals at the highest level possible. I believe it would be a mind-numbing world if we did not have the diversity in this great country of ours. In review, this thesis looked at how family and cultural involvement in language acquisition is important.