Sunday, January 19, 2020
According to the US Department of Labor Essay
* The time employees spend in meetings, lectures, or training is considered hours worked and must be paid, unless attendance is outside regular working hours, the attendance is voluntary, the course, lecture, or meeting is not job related or the employee does not perform any productive work during. attendance. * If employees on their own initiative attend an independent school, college, or independent trade school after hours, the time is not hours worked for their employer even if the courses are related to their jobs http://www.dol.gov/overtime Based on the above considerations, the employee has no potential FLSA claim because the overtime he is claiming is not required by the company to perform his physical tests. He can stay fit and in shape and can be trained well with in his job itself and there is no requirement by the company to take additional training to continue to stay in SWAT but he felt that he needed extra training and has nothing to with the company. So as per FLSA Mr.Murphy has no potential claim to collect the overtime for 36 months. See more: Satirical elements in the adventure of Huckleberry Finn essay The five things an employer can do to insure compliance with FLSA and avoid claims are: 1.Classify the employees properly Try to classify the employees based on exempt and non-exempt status based on FLSA regualtions. There is a whole list of exempt employees according to US department of labour and some of that list includes: * Commissioned sales employees of retail or service establishments are exempt from overtime if more than half of the employeeââ¬â¢s earnings come from commissions and the employee averages at least one and one-half times the minimum wage for each hour worked. You may also wish to review the applicable regulation. * Computer professionals: Section 13(a)(17) of the FLSA provides that certain computer professionals paid at least $27.63 per hour are exempt from the overtime provisions of the FLSA. * Drivers, driverââ¬â¢s helpers, loaders and mechanics are exempt from the overtime pay provisions of the FLSA if employed by a motor carrier, and if the employeeââ¬â¢s duties affect the safety of operation of the vehicles in transportation of passengers or property in interstate or foreign commerce. You may also wish to review the applicable regulation. * Farmworkers employed on small farms are exempt from both the minimum wage and overtime pay provisions of the FLSA. You may also wish to review the specific regulation. Young workers employed on small farms, with parental consent, are also exempt from the child labor provisions of the FLSA. For more information on exemptions from the child labor provisions of the FLSA in agriculture, click the underlined text. Other farmworkers are exempt from the FLSAââ¬â¢s overtime provisions. You may also wish toreview the specific regulation. * Salesmen, partsmen and mechanics employed by automobile dealerships are exempt from the overtime pay provisions of the FLSA. You may also wish to review the applicable regulation. * Seasonal and recreational establishments: Employees employed by certain seasonal and recreational establishments are exempt from both the minimum wage and overtime pay provisions of the FLSA. You may also wish to review the applicable regulation. * Executive, administrative, professional and outside sales employees: and who are paid on a salary basis are exempt from both the minimum wage and overtime provisions of the FLSA. Direct reference: http://www.dol.gov/elaws/esa/flsa/screen75.asp And there are other exempted categories and to avoid potential claims, the handbook of US department of labour should always be checked while running the payroll. 2.Run a proper payroll as per the standards and so there will not be any issues later when faced a claim. 3. Conduct workshops among employees to make them understand the overtime exemptions and non-exemptions. 4.For the exempt employees make sure the wages are paid for the normal working hours to avoid any discriminatory claims. 5.Document the non-exempt employees work hours accurately If taken care and treat all employees fairly as per the standards and creative a crystal clear environment and pay with the transparency there will not be any potential claims. References: http://www.dol.gov/overtime http://www.dol.gov/elaws/esa/flsa/screen75.asp
Friday, January 10, 2020
Health care economics history Essay
Before 1900, there really wasnââ¬â¢t what you could call major health care in this country. The American Medical Association (AMA) was just getting off the ground, hospitals were just getting established, doctors still made house calls and traded their services for goods, and people still used a lot of home remedies to treat their ailments. Health insurance was unheard of! Between the years 1750 and 2000, healthcare in the United States evolved from a simple System of home remedies and itinerant doctors with little training to a complex, scientific, Technological, and bureaucratic system often called the ââ¬Å"medical industrial complex The history and evolution of health care economics involve economist analyzing the health care system. Over the past 60 years health care scientific advancement and economic growth have persisted. Modern advances in health care are driven by market prices. Economists must follow the flow of money to understand health care decisions. Healthcare funding is very complex and assist individuals in ensuring quality service is provided. Thus economistââ¬â¢s decision-making affects the health care system and advancements made. Economists think of strategic solutions to improve the way health care operates. Economists make decisions that affect individualsââ¬â¢ lives. According to wikipedia (2010) the history of economic thought deals with different thinkers and theories in the subject that became political economy and economics from the ancient world to the present day. Economics is the science that deals with the production, distribution, and consumption of goods and services. The moral obligation of businesses is to sell goods at a just price for individuals to consume. In the 1900s individuals paid out of their own pocket for health insurance. No one needed health insurance because it did not cost much. The healthcare system started around the 1920s where the employers paid for individualââ¬â¢s health insura nce. Healthcare began to grow with much more effective treatments and for much more money. Medicines became effective,à research increased, and medical schools expanded to teach physicians proper treatment methods. When people became ill they were willing to pay for their care. The health insurance system began According to Blumberg and Davidson (2009) Thomasson says that if the Great Depression inadvertently Health care economics have drastically altered over the course of annals in the United States. While some can assist these alterations due to the evolutionary alterations the US has undergone since her inception, the foremost assisting components that leverage the alterations in wellbeing care economics are improvement in expertise and health care. By comprehending the annals of wellbeing care economics, and recognize the flow of capital scheme, economic managers are adept to be more amply arranged for the future. It is crucial to recall that the propelling force behind wellbeing care economics is cash, and it performances an integral part to the achievement of the wellbeing care industry. Who buys for what has altered spectacularly in the past 60 years. Whereas in the past, the most of persons paid their health accounts with personal capital, today protection companies are responsible for the cost. Discussed will be the history, evolution of health care economics, the timeline of funding, and its terms. However, individuals give only a little part of the total flow of capital with personal money. The flow of capital is a scheme in which economic managers are adept to ââ¬Å"followâ⬠the cash through the wellbeing care scheme, and as asserted overhead the primary flow of capital have drastically altered from past years. History displays that numerous physicians would trade services for non-money pieces (such as kernel, cotton fabric, livestock, etc.) as types of fee if the one-by-one was incapable to use money. Essentially, these physicians were tradesmen, with the persevering giving one century per hundred of the cost for health services rendered. As the US started to advancement, with improvement in expertise and other chronicled components, a new scheme had to be put into location to help the American community in buying health services. Every year, the United States allots a restricted allowance of cash that may be expended on wellbeing care. The United States health care system is currently getting ready to evolve tremendously through the organization, management structure, and payment structures. The economic component in health care is very important to understand in order to structure it successfully. This papers discusses the evolution of economics in the healthà care system and the structure of health care funding timeline. History and Evolution Health care economics presents an information framework were efficiency and equity goals are pursued. Furthermore, economics establishes a framework by maximizing benefits using resources at hand. Kenneth Arrow, the person responsible for mentioning the idea of health economics as a discipline, wrote an article titled ââ¬Å"Uncertainty and the Welfare Economies of Medical Careâ⬠in 1963. The article discusses how the medical care industry benefits society compared to the ââ¬Å"normâ⬠. Furthermore, Mr. Arrow wrote about the significance of supply and demand. Arrow discussed that the average person has the characteristic of only seeking medical care when they are suffering from a critical injury or illness. Itââ¬â¢s not common for the average person to receive routine medical services on a regular basis. As Mr. Arrows discussed supply condition, he quoted ââ¬Å"Entry to the health care profession is controlled by licensing. Licensing manages the supply which consequentl y increases the cost of medical care. Davis, H. (2003). National center of biotechnology. Retrieved from http://WW.NCBI.NLM.GOV
Thursday, January 2, 2020
Francis Bacon and Rene Descartes - 2288 Words
| Connections and Contrasts of Francis Bacon and Rene Descartes | | | | The Discourse on the Method of Rightly Conducting Ones Reason and of Seeking Truth in the Sciences is one of the most influential works in the history of modern philosophy, and important to the evolution of natural sciences. In this work, Descartes tackles the problem of skepticism. Descartes modified it to account for a truth he found to be incontrovertible. Descartes started his line of reasoning by doubting everything, so as to assess the world from a fresh perspective, clear of any preconceived notions. Whereas Francis Baconââ¬â¢s Scientific Method wanted to replace the deductive reasoning by inductive reasoning. The important concept in this reformedâ⬠¦show more contentâ⬠¦It is still practiced in some universities and will be practiced up until the 18th century at least. Three fundamental changes have occurred during the Renaissance; Aristotle portrayed the understanding of the universe, Galen described the importance of medicine and to understand astronomy Ptolemy described it. In 200 years there has been a revolutionary change, Rene Descartes and Isaac Newton have replaced Ptolemy in astronomy. Galileo has replaced Aristotle in physics. Harvey has replaced Galen in medicine. The three ancient authorities have been over thrown. In Rene Descartesââ¬â¢ Discourse on Method he expresses his disappointment with traditional philosophy and with the limitations of theology; only logic, geometry and algebra hold his respect, because of the utter certainty which they can offer us. Unfortunately, because they depend on hypotheses, they cannot tell us what is real, i.e. what the world is really like. Therefore Descartes suggests a method of thought combining the consistency of mathematics but based on natural truths about what is real, basic knowledge which could not be wrong (like the axioms of geometry). He calls into question everything that he thinks he has learned through his senses but rests his entire system on the one truth that he cannot doubt, namely, the reality of his own mind and the radical difference between the mental and the physical aspects of the world. What is crucial to Descartes isShow MoreRelatedIn What Ways Are Descartes and Bacon Alike?672 Words à |à 3 PagesIn What Ways Are Descartes and Bacon Alike? remember footnotes and donââ¬â¢t include first 1 on numbered pages There are many aspects of Rene Descartesââ¬â¢ and Francis Baconââ¬â¢s practices of approaching the scientific method. When comparing the two scientists, it is clear that there are many similarities. In an effort to compare Reneââ¬â¢ Descartes and Francis Bacon it is important to discover the pioneerââ¬â¢s investigations and philosophies. Both credited with the evolution from Aristotelian discovery to modernRead MoreScience Changes The World Of Science1463 Words à |à 6 Pagespeople to places far beyond the stars. Physicists, Scientists, Mathematicians, and Philosophers have shaped most of societyââ¬â¢s views of the world we live in. Through theory, experiments, and ideas of the scientific revolution Isaac Newton, Rene Descartes, and Francis Bacon have not only changed the geocentric past but also have had me welcome the heliocentric view. Heliocentrism is the idea Earth as well as other planets revolve around the sun; the sun being the center of our Universe. Geocentrism on theRead MoreEssay about Human Beings and Nature: The Scientific Revolution1689 Words à |à 7 PagesGalileo Galilei, Francis Bacon, Isaac Newton, and Rene Descartes, the Scientific Revolution proves to be a crucial piece to the puzzle of understanding the effects of humansà interactions with the natural world. The changes produced during the Scientific Revolution were not rapid but developed slowly and in an experimental way. Although its effects were highly influential, the forerunners Nicolaus Copernicus, Galileo Galilei, Isaac Newton, Francis Bacon, and Rene Descartes only had a few hundredRead MoreGlorifying the Age of Reason572 Words à |à 2 Pagesperiod is a concoction of different minds that contributed towards the creation of various new ideas, some which were radical for its time. There are two guys that are considered to be the fathers of The Enlightenment, they were Francis Bacon and Rene Descartes. Francis Bacon believed that he could free the ignorant mind of plebs with science, and with science they would be able to become more productive and also live better lives. But to discard of ignorance that was so widespread at his time is notRead MoreEverlasting Changes During the Enlightenment1512 Words à |à 6 Pagesworks that threatened the credibility and groundwork of r eligion. Therefore science became a very delicate issue as some scientists were even threatened by death. Francis Bacon and Rene Descartes were driven to precisely establish truth and knowledge. More specifically they wanted to examine and declare how we arrive at the truth. Descartes became obsessed with the ââ¬Å"investigation of scienceâ⬠and reiterated that thinking alone proves your existence. From there we must ask ourselves why we are here orRead MoreWhat Is the Enlightenment? How Was This Question Answered by 18th Century Thinkers? and How Have Their Ideas Influenced Our Understanding of Modernity?962 Words à |à 4 Pagescentury was an intellectual movement and was seen to have different definitions created by a range of philosophes during and after the enlightenment period. These philosophers included Immanuel Kant, John Locke, Francis Bacon, Marquis de Condorcet, Jean-Jacques Rousseau and Rene Descartes. Some believed that the enlightenment somewhat defined what we now call modernity and consider to be human. Immanuel Kant quoted in his famous 1784 essay, the ââ¬Å"Enlightenment is mankindââ¬â¢s exit from its self-incurredRead MoreWhat Is Science and Where Did It Come From?928 Words à |à 4 PagesThroughout the scientific revolution, the medieval scientific philosophy was abandoned in favor and improved methods proposed by different men. Finally, we are introduced to scientists of mathematicians, astronomers, and philosophers. Sir Francis Bacon, Galileo, Rene Descartes, and Isaac Newton are the famous people in the scientific method. The scientific revolution proves that science is a source for the growth of knowledge. The history of science manifests the chain of enhancements in technology andRead MoreSimilarities Between Galen, Paracelsus, Spinoza, And The Modern Medical World917 Words à |à 4 PagesChapter 16 Assignment #2 16.3 - 16.6 VOCABULARY: Galen, Cavendish, Paracelsus, Vesalius, Descartes, Scientific Method, Bacon, Spinoza, Pascal 1. Galen. Galen was a physician of Greek descent and was well known for his influences on the medieval medical world. Galen mainly did experiments on animals rather than humans which caused his humanistic generations to be inaccurate. Galen was able to take color of a patientââ¬â¢s urine to be able to tell what was wrong with him/her. 2. Cavendish. Margaret CavendishRead MoreEssay on Revolution in Scientific Affairs977 Words à |à 4 Pagessparked by thinkers like Bacon, Newton, and Descartes, resulted in a significant upheaval in the arts and literature of Europe. Research into this spread of scientific thinking, which would eventually come to influence ideas about such wildly disparate fields of human endeavor as physics, religion, and governmental theory, shows that Francis Bacon played a major role in encouraging the growth of the Scientific Revolution. Writing in the early part of the 17th century, Bacon painted a tempting pictureRead MoreEssay about Rationalism and Empiricism1486 Words à |à 6 Pagesphilosophers of epistemology are Rene Descartes and David Hume, the former being a rationalist, and the latter an empiricist. In this paper I will attempt to give an understanding of both rationalism and empiricism, show the ideas and contributions each of the men made to their respective schools, and hopefully give my personal reasoning why one is more true than the other. Rationalism was developed by several important philosophers all around the 17th century. Descartes, Spinoza, and Leibnitz are
Wednesday, December 25, 2019
Who Else Is Misleading Us About Film Extended Essay Samples?
Who Else Is Misleading Us About Film Extended Essay Samples? Lies You've Been Told About Film Extended Essay Samples Break down the content into many subtopics to make it simpler for the target audience to adhere to the logical stream of thoughts. If you're really stuck trying to discover a not too broad or narrow topic, I advise attempting to brainstorm a topic that employs a comparison. If you've found a terrific notion, you must find something particular in it to acquire more specific and distinctive. Doing this will at least give you a sense on how it is possible to write about your subject of interest. You need to have a perfect comprehension of the topic. 1 idea is to try to grow bacteria under Mars-like ailments. You will hardly have a chance to compose an EE by yourself. Try to consider the concepts you are going to be using (Test 2). The War Against Film Extended Essay Samples If it's your very first time of composing an essay proposal, it's a frequent thing if you're not sure of where or how to start. You should come up with your question in accordance with your subject and the primary theme. Does anybody have a research question. You ought to be asking one relatively straightforward question. You may create a paper of 8000 words from the beginning, but don't forget that the largest possible amount of words for this sort of paper is 4000. An elongated essay is a kind of academic writing assignment, which success is dependent upon the structure. You should know about the methods of research as a way to create a high quality result. You will also have to rate the consistency and appropriateness of the material employed in your work. Often there's a considerable difference between both. You need to look at a whole set of variables before you select an optimal plan for writing and follow it, step-by-step. By contrast, great marks give rise to the total score, which might impact a student's college application success. Keep up in the very same tempo and you're never going to have any troubles with written assignments in your life! How to Find Film Extended Essay Samples If you want to find more information about the deadline for a specific school, please contact that school directly. Some teachers might just take on students since they have to and might not be passionate about reading drafts and might not provide you a good deal of feedback. In here, the students are given the chance to write potential small business plans and ideas on the best way to be effective managers. Many students don't have outstanding research abilities. The Advantages of Film Extended Essay Samples Please note an index page isn't required and if included will be treated as if it isn't present. The subsequent 4 tests can help you make sure that your RQ is top notch. Make certain this section is analytical, instead of descriptive. Each section is going to be broken down into various components so that you are able to observe how they all fit together. Some schools will provide you with a timeline of when you must develop a topic, when you want to meet up with your advisor and when certain drafts are due. The very best advice I can offer you is start early and select your research question carefully. As a way to excel in a protracted essay, the student must strategize to be able to comprehensively compose a topic. Say, by way of example, you're a high school student, and you should compose a 3-page essay. Schools and supervisors are strongly advisable to set internal deadlines for different phases of producing a protracted essay, bearing in mind the IB's submission date. Consult your IB coordinator if you are not certain if you're on a particular timeline. The supervisor will subsequently set a run of further internal deadlines and meetings for each student to make sure the completion of the analysis in a timely fashion. Ensure you ask your IB coordinator if there's any necessary paperwork. Who Else Wants to Learn About Film Extended Essay Samples? There is an assortment of kinds of skilled help when writing the prolonged essay. You should remember a lengthy essay format demands an article of 4000 words. You may believe that it is only the cover of your essay, but it's an important component, and you ought to treat it correctly. This sort of essay isn't the easiest one to cope with. The most important issue is all about creating a different page along with all the sources of quotes utilized in your extended essay. There's also a kind of write-up that is known as a protracted essay. Think of your strengths and weaknesses.
Tuesday, December 17, 2019
The Limits And Possibilities Of Education As An Agent For...
I can see the limits and possibilities of education as an agent for change. My evidence for this belief is shown throughout the essay by Nussbaum and different articles that were posted on Blackboard (United States history also shows the different reasons). Individuals who advocate for change are influenced by education, and statistics show advancement in work-life earnings and in social justice. Although work-life earnings and social justice (race, ethnicity, and gender equality) have improved because of education, unequal pay based on race and gender, racism, and stereotypical thoughts still exist in our society. In this essay, I will discuss how education qualifies as an agent for change while showing that there are many obstacles on the road to obtain intellectual equanimity in our society. The first contention that shows how education is an agent that holds limits and possibilities are Education for Profit, Education for Freedom by Martha C Nussbaum. ââ¬Å"Critical thinking is a discipline that can be taught as part of a schoolââ¬â¢s curriculum, but it will not be well taught unless it informs the entire spirit of a schoolââ¬â¢s pedagogyâ⬠(43). Based on the examples given by Nussbaum earlier, ââ¬Å"research demonstrates that normal people are willing to engage in behavior that humiliates and stigmatizes if their situation is set up in a certain way, casting themselves in a dominant role and telling them that the others are their inferiorsâ⬠(41). Tackling the ideas of the childrenShow MoreRelated Exemplification Essay: The Dead-end of Professional Sports1104 Words à |à 5 PagesAfter this miracle season, Thurman made a decision that would change his fortunes. Rather than come back for his senior year and get his degree, he elected to make himself eligible for the NBA draft. With a NCAA championship under his belt, Thurman was confident he was ready for the NBA, but NBA scouts had different ideas. Thurman could only sit and watch the dr aft from start to finish. Today Thurman finds himself without a college education and still chasing his NBA dream in the Continental BasketballRead MoreThe Functionalist Perspective And The Conflict Perspective1349 Words à |à 6 PagesI believe education is the blueprint to a successful future for most yet with people of color there are setbacks and loophole all due to race. People of color believe not matter how hard they work the system will always create a disadvantage point keeping them in an oppressive state. In order for real change, they have to believe that their hard work can to give them the American dream. The Functionalist perspective and the Conflict perspective play contrasting roles in the education system withRead MoreMy Ambition For Science And Mathematics Essay1375 Words à |à 6 Pages We moved often to various counties in the Saint Louis area because my knew quality education was based on place. I was now in my junior year and this was my sixth high school that I attended. This school was unlike the others. I was surrounded by middle and upper class families that looked like me. This was a new experience. My obsession for science and mathematics took hold. I immersed myself in this new community, taking part in various clubs, learning, inventing and experimenting. I walkedRead MoreMy Experience With Science And Mathematics Essay1402 Words à |à 6 Pages My mother was determined for all her children to graduate high school so we moved often to various counties in the St. Louis area because she knew quality education was based on place. I was now in my junior year and this was my sixth high school that my siblings and I attended. This school was unlike the others. We were surrounded by middle and upper class families that looked like us. This was definitely a new experience. I walked into the corridor of this brand new school and the brightnessRead MoreMy Personal Philosophy Of The Gifted Learner Essay1396 Words à |à 6 Pagesprovide opportunities for the gifted learner to express his/her abilities and/or talents. Gifted students learn differently and require special educational experiences in order to grow academically and achieve their highest potential. Therefore, the education field must be able to understand not only the cognitive side of a gifted learner but the affective or social/emotional aspects too. Knowing this about the gifted learner and coming to the realizations about the democratic classroom and workingRead MoreOutline Policy And Regulatory Frame Work Essay1021 Words à |à 5 Pagesand regulatory frame work relating to inclusive practice. Education faces the challenge of enabling Students with special educational needs in school Inclusive. However, understanding what the public policies of inclusive education are The legal documents are fundamental to identify the advances and setbacks in the system educational. With the objective of contributing to the field of public policies of special education From an inclusive perspective, we seek to know the meaning, characterRead MoreGraduation Speech : A High Quality Education Essay1270 Words à |à 6 PagesEquity in Access My mother was determined for all her children graduate from high school so we often moved to various counties in the St. Louis area because she knew a high quality education was based on zip code. I was now in my junior year and in my sixth high school and although difficult to believe, I was surrounded by middle and upper class families that looked like me. I walked into the corridor of this new school and resembled a shopping mall with vast resources for students. My obsessionRead MoreEssay For College Athletes1558 Words à |à 7 Pagesathletes come from urban, low-class families and often leave school early because of the unimaginable pressure to be the main provider for their family at a young age. Players wouldnââ¬â¢t have to leave school early and would still be able to pursue an education while taking care of their family back home. This would possibly increase graduation rates, allow fans to see their favorite players mature through college, and ensure coaches are prepar ing athletes as much as possible for the next level. A largeRead MoreSocial Construction Of Male Dominance Essay1716 Words à |à 7 Pagesantenatal care, to mention a few), even when they are directly affected by such decisions (Kinanee and Ezekiel-Hart 2009). Gender is the social construction of roles allocated to men and women (Oââ¬â¢ Brien and White 2003). These roles vary geographically and change over time (Oââ¬â¢ Brien and White 2003). The conventional system in many African countries lay out specific roles that both men and women are to perform in their families and communities. For instance, from childhood boys are instilled with the mentalityRead MoreHow My Lesson Plan Incorporates Children s Stories1733 Words à |à 7 PagesTeachers must find a way to get students to connect to the story, form complex ideas about the storyââ¬â¢s meaning, and show them how to prove these ideas; A difficult task to complete with books that take weeks to read. There is a need, ther efore, to limit the quantity of tasks a teacher needs to complete to teach students how to interpret the text. The lesson uses childrenââ¬â¢s books to correct the problem by having relatability established beforehand and, in many cases, getting students to
Monday, December 9, 2019
Financial Performance of Commonwealth Bank and ANZ Bank
Question: Describe about the Financial Performance of Commonwealth Bank and ANZ Bank. Answer: Introduction This is a case study on the financial performance of Commonwealth Bank and ANZ Bank in Australia. The two banks are among the big four banks in the country, providing a diverse range of financial services to its customers. A financial analysis of these banks will determine the state of banking sector in Australia and the capacity that these banks have in sustaining the growth of the country. The contents of the sections from here are as under: Literature Review Research Questions Hypotheses Operational Definitions and Measurement Research Methodologies: Data Collection and Analysis Research Process Expected Research Outcome Conclusion Literature Review Profitability analysis of banks determines their long term sustenance capacities (Balakrishnan, 2016). In this concern, some of the major determinants of the financial performance are the capital structure and the dividend policies of the bank (Mirza Javed, 2013; Pratheepkanth, 2011). Commonwealth bank and ANZ are known to provide retail services, investment, insurance, savings, etc. (Commonwealth Bank, 2016) to the customers where the rise of the banks performances have been found to improve especially after privatization. Consistent performance along the line of Return on Assets, Return on Equity and Return on Investments has helped banks to get a larger market share. This has been maintained through the EPS granted by the banks to its stakeholders. The performance of Commonwealth bank and ANZ also depends on the manner in which the organizations have been performing over the years. More than often there have been analyses that have shown that Commonwealth Bank or ANZ is the best bank share to own in Australia. It is thus important to analyse the reasons that have led this argument to hold true and the consistency on the financial front that the two organizations have maintained. The investment fund and insurance products of both these banks have also found to excel and fetch the best of returns as compared to the other banks in the territory. This includes the business bonds, superannuation rollover plans, life rollover bonds, and life insurance and family bonds. A data of 2013 to 2016 shows that a consistent growth in profitability ratios has contributed in the performance of the banks in the above categories. Research Questions and Hypotheses The research questions proposed for the study have been mentioned as under: What can be concluded about the financial condition of the banks from a trend analysis of the financial statements? This is the main question. What is the effect of the dividend policies on the stock market position of the banks? How do the banks finance themselves and what is its impact on the leverage ratios? How have the capital structures of the banks changed over the years and what has caused the change? Based on the above questions, the following hypotheses have been proposed for the analysis? Ho1: Trend analysis does not have a say in the financial conditions of the banks. Ho2: Stock market positions of the banks are not guided by the dividend policies. Ho3: Mode of financing does not influence the leverage ratio of the banks over the years. Ho4: There has been no change in the capital structures of the banks. Operational Definitions and Measurement The dependent variables identified and their units of measurement have been mentioned as under: Current Ratio: This is the ratio between the current assets and current liabilities of the banks. It shows the ability of the banks to meet their short term financial requirements. A higher ratio indicates a safety cushion for the banks. Debt-to-asset ratio: This is the ratio between the total debts and total assets of the banks. It is an indication of the financial stability of the banks. The smaller the ratio, the higher the capacity of the banks to manage their cash flows. Debt to Equity Ratio: This is the ratio between the total liabilities and total equity of the bank which shows its leverage position (Megginson Smart, 2008 ). Return on Assets: This is the ratio between the Net Profit and the Total Assets of the organization. It is a ratio; therefore there is no unit of measurement (Damodaran, 2002). Return on Equity: This is the ratio between the Net Profit and the Total Equity that the banks have received. Again, being a ratio, there is no unit of measurement (Vasigh et al., 2010). Return on Investment: This is the ratio between the net profit and the cost of investment. It compares the efficiency of an investment (Friedlob Plewa, 1996 ; Phillips Phillips, 2006). Inventory Turnover ratio- This is the ratio of the costs of goods sold to inventory. The higher the ratio, the higher is the capability of the banks to convert its inventory into sales. There is no further simplifying required to the problem, as these ratios themselves will answer the research questions. Since these are all ratios, they are all numbers having no units. Also, since the ratios are all from the financial statements of the banks, they are required to be accurate to the second place of decimal. Research Methodologies: Data Collection and Analysis Sampling Techniques Population of Sample Four years financial data are selected from 2013 to 2016 of Commonwealth bank and ANZ which forms the sample size of the study. Sources of Collection of Data Only secondary data is taken here from the results published by the two banks on public forum Sampling Technique The study uses a Non-Probabilistic sampling technique. Here, the sample chosen for the research does not involve a random selection. Since, the entire financial statements of the four years is being considered, it is a non-probabilistic sampling technique. Also, it is a secondary data study; hence, judgemental technique will be where the research questions will be answered on the basis of the ratio analysis of the banks. (McMurray, 2004). Methods of Analysis In order to suffice the major objective of the study, which is to determine the financial position of Commonwealth Bank and ANZ and its impact on the overall performance and repute of the bank; the financial statements of both the banks will be analysed through different ratios. The data used in this study will include the Balance Sheet where the Equity, Assets and Liabilities of the banks. Many of the profitability ratios described above will be based upon the data received from the balance sheet. The next financial statement that will be analysed here is the Profit Loss Statement where the net income of the organizations can be seen that will serve to be numerators for the profitability ratios mentioned above. The higher the value obtained from these financial statements, the better would be the performance of the banks. The dividend policies of the banks will also be determined with the help of the Profit Loss statements, where earnings and no. of shares will be used as determinants. The trends analysed through the financial statements and its subsequent ratio analysis will then be compared with the market share of the two banks year on year, to find out the relation between the two and the level of impact they have on the financial strength of the banks are perceived by the market. Research Process The research process is mainly divided into four basic steps. The first step is data collection where financial data as mentioned above will be collected from 2013 to 2016. This data will then be analysed as per the research questions by conducting ratio analysis, majorly along the line of profitability. This will be used to find out the factors of financial performance of the two banks. Then the final conclusion will be made on discussing the analysis with respect to the hypotheses. Expected Research Outcome The financial strength of an organization is guided by its profitability along different determinants of the balance sheet, over the years. It is expected that the general understanding of previous researchers which puts both Commonwealth Banks and ANZ among high potential banks in Australia, can be proved from the profitability ratios of the banks from 2013 to 2016. One will also be able to analyse the reason for the high performing products of the two banks looking at its financial strengths. Conclusion This paper discusses the financial performance of Commonwealth Bank and ANZ in Australia through an analysis of its financial statements. It will serve as guide to analyse the factors that contribute to the financial growth of a bank and the reasons for its sustained performance over the years. It used financial ratio analysis to answer the research questions. References Balakrishnan, C.S., 2016. Asset Liability Management. [Online] Available at: https://www.iibf.org.in/uploads/caiibrmalmmodule_a.ppt [Accessed 10 August 2016]. Commonwealth Bank, 2016. Commonwealth Bank overview. [Online] Available at: https://www.commbank.com.au/about-us/our-company/overview.html [Accessed 20 August 2016]. Damodaran, A., 2002. Investment Valuation: Tools and Techniques for Determining the Value of Any Asset. John Wiley Sons. Friedlob, G.T. Plewa, F.J., 1996. Understanding Return on Investment. John Wiley Sons. McMurray, A., 2004. Research: A Commonsense Approach. Australia: Cengage Learning. Megginson, W.L. Smart, S.B., 2008. Introduction to Corporate Finance. Cengage Learning. Mirza, S.A. Javed, A., 2013. Determinants of financial performance of a firm: Case of Pakistani stock market. Journal of Economics and International Finance, 5(2), pp.43-52. Phillips, P.P. Phillips, J.J., 2006. Return on Investment (ROI) Basics. American Society for Training and Development. Pratheepkanth, P., 2011. Capital structure and financial performance: Evidence from selected business companies in Colombo stock exchange Sri Lanka. Researchers World-Journal of Arts, Science Commerce, II(2), pp.171-83. Vasigh, B., Fleming, K. Mackay, L., 2010. Foundations of Airline Finance: Methodology and Practice. Ashgate Publishing.
Sunday, December 1, 2019
The Power of Music Essay Example For Students
The Power of Music Essay When people speak, their language is Just like lyrics; they speak in a certain tone, which adds emotion to the words. Music is a universal language; it can inspire anyone. It seems like people all around the world are united under one common language, music. Some of the greatness of music, however, lies in its holistic nature: that all the elements form a unique wholeness which may not be understood by studying the parts separately. However, complex music is readily appreciated by the mind without the need of formal knowledge. It is amazing that everyone can feel USIA in the same way; the beat, the melody, and the rhythm can actually bridge the gap between different cultures. Literally, music is everywhere and people are living amid its melody. Additionally, music has the power to touch emotional beings and evoke feelings that can not be described in words. A lot of people listen to their I-pods and spontaneously move their fingers, following the beat of the music. It is scientifically proven that music affects brain function. Also, music has the power to take listeners away from the real world. We will write a custom essay on The Power of Music specifically for you for only $16.38 $13.9/page Order now It sometimes soaks people into nostalgia and creates an esthetics and melodious ambiance. Imagine a Jazz bar without music. It would be awkward; the romance would dissipate and the thrill would die. Music literally creates ambiance; an environment where people can indulge in memories. It invokes mental imagery and inner scenery that opens peoples minds to amazing insight and spans the distance between the stars. Music has dazzled generations, and is known for bringing a sense of unity and peace to the human soul. Amid the contemptuous anger of the soldiers in Vietnam, there was music to be heard. What music? I am interested in knowing more? ) From he battle-cries of the ancients, drums echoed, to the plantations where the oppressed toiled against the injustices of man, singing rang over the fields. The essence of music cannot be summed up with one single phrase because it tells the story of humanity. What must be understood is that music cannot be taken only as kind of sound, but a n ote that explains the passions of man. Music remains cultured, and culture adheres to music The study of music is an important aspect of the study of history. Through the lyrics of a song, one can hear the disparities between the people and the world around. It can be a cry to relive the tension of everyday life, or it could be a business that governs the life itself. In any case, the story of music is inextricably bound with The Power of Music Essay By cubbyhole shaped cultures. Music brings us back to the times where love prevailed, or when sadness tarnished the heart. We must remind ourselves of the struggles and the toils that we as humans have faced and through music we are able to do so. From the thrill of a note, to the rustling of leaves, to the passion that lies deep within the soul music can only be the true medicine. Trends, fashions, cultures, politics and inhumanity have progressed and formed through music. Music is the Rosetta stone of human emotion. Furthermore, music has stood the tests of time. Throughout civilization, music has been a stepping-stone to which empires are built. In ancient Mesopotamia, records show that Sumerian music notation existed back in the forth millennium. Having been influenced by the changes in social conditions, new genres have been created and new trends have been settled. It is a fact that music is here to stay whether for better or for worst. Music has changed things. It has brought essential influences on politics, culture and society. Even in Greek mythology, there was Orpheus, who with his music and singing, could charm birds, fishes and wild beasts, coax the trees and rocks into dance, and even divert the course of rivers. Even in Hades his song and lyre did not lose their power. Like this, music has always been regarded powerful and stood the tests of time. Beyond inspiring, music can save peoples lives. .ufd65be5f20db62ff7d2f8809c890af0d , .ufd65be5f20db62ff7d2f8809c890af0d .postImageUrl , .ufd65be5f20db62ff7d2f8809c890af0d .centered-text-area { min-height: 80px; position: relative; } .ufd65be5f20db62ff7d2f8809c890af0d , .ufd65be5f20db62ff7d2f8809c890af0d:hover , .ufd65be5f20db62ff7d2f8809c890af0d:visited , .ufd65be5f20db62ff7d2f8809c890af0d:active { border:0!important; } .ufd65be5f20db62ff7d2f8809c890af0d .clearfix:after { content: ""; display: table; clear: both; } .ufd65be5f20db62ff7d2f8809c890af0d { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .ufd65be5f20db62ff7d2f8809c890af0d:active , .ufd65be5f20db62ff7d2f8809c890af0d:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .ufd65be5f20db62ff7d2f8809c890af0d .centered-text-area { width: 100%; position: relative ; } .ufd65be5f20db62ff7d2f8809c890af0d .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .ufd65be5f20db62ff7d2f8809c890af0d .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .ufd65be5f20db62ff7d2f8809c890af0d .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .ufd65be5f20db62ff7d2f8809c890af0d:hover .ctaButton { background-color: #34495E!important; } .ufd65be5f20db62ff7d2f8809c890af0d .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .ufd65be5f20db62ff7d2f8809c890af0d .ufd65be5f20db62ff7d2f8809c890af0d-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .ufd65be5f20db62ff7d2f8809c890af0d:after { content: ""; display: block; clear: both; } READ: A Brief Summary on Rock and Roll EssayIn 1984, a charity band was formed by an Irish musician, Bob Gelded. A BBC report that aired, highlighting the famine in Ethiopia, motivated Bob. This musicians firm mind to help those victims of this famine and his decisive decision led to the formation of his British Irish band, Band-Aid. The name of this band has a double meaning. At one level it means a band of musicians gathering together to provide aid, but at another level, it is also an acknowledgement of the fact that such a gesture is like putting a sticking plaster on a wound. Applying music as a vehicle to spread his message, Bob Gelded created a new sensation. The album Do they know its Christmas went straight to number one on the I-J singles chart. It was produced by the most popular performers of the time including 132, Duran Duran, Heaven 17, Spandex Ballet, Bananas, etc. The fame of these reformers broken down social boundaries and further enhanced the power of music. It awoke the people, reminding them that while they were having a good time, enjoying Christmas, there were people around the world suffering from hunger. It inspired people and aroused a revolution. During this time of helping and sharing, Christmas time, people were greatly motivated by this song and participated in donations to help people around the world. Listeners could sense an urgency in the lyrics of the song; At Characteristic, we let in light and we banish shade. And in our world of plenty we can spread a smile of Joy. The word we seems to unite people as one. It narrows the distance between the singer and the listener; it penetrates the brain, motivating the listener. In addition, by comparing the lives of listeners and lives of hungry people in Africa, the lyrics help people visualize the serious condition Africa is in. The lyrics remind people of luxuries they have been enjoying and make people appreciate their lives. What awful and painful situations people on the other side of world were in; although we have heard these kinds of stories often, we tend to ignore them. People they are in a certain melody, become much stronger. People hum melodies bounteously after listening to music. They lyrics are naturally memorized in listeners brains. Feed the world, it is easier for people to understand the message through music. The things that extensive news coverage and speeches given by powerful leaders could not accomplish were done by these influential musicians. The influence of music was unstoppable. The British Band Aid project inspired musicians all around the world; including USA for Africa (in the United States), Herrmann (in Latin America), Ba nd fur Africa (in Germany), Chanters Sans Frontiers (in France), Northern Lights (in Canada), Fortune Arrester (in Norway), , Here n Aid international heavy metal artists), and many others. World-wide, people started to pay attention to the afflictions suffered by other members of the world community. The artists (regardless of their nationalities or genres), held their hands together as earth people in order to start this meaningful production of charity albums. This enormous influence brought about by music started a new sensation across the world. Music united people as one against peoples common enemies: hunger, poverty and disease. This even shows how music can actually touch millions of peoples hearts and bring a huge impact to the society. Thanks to advanced technology, the invention of radio further strengthened the power of music. When signals had enough power to go great distances, it became much easier for music to spread. Radio shortened the cultural gap between people and the geographical distance between countries. Different melodies cause different types of feelings. Even if the listener is not a musician, even if the listener does not comprehend the lyrics, he or she can easily understand the message a song conveys. It is a mystic truth, which everyone experiences. It can only be felt, but not proven. The power of music is incredible and amazing.
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